Leases (Tables)

6 Months Ended

Jun. 30, 2019

Leases [Abstract]

Lease activity

The following table details AFG’s lease activity for the six months ended June 30, 2019 (dollars in millions):

	Three months ended		Six months ended
	June 30, 2019		June 30, 2019
Lease expense:
Operating leases	$	11	$	22
Short-term leases	1		1
Total lease expense	$	12	$	23
Other operating lease information:
Cash paid for amounts included in the measurement of lease liabilities reported in operating cash flows			$	24
Right-of-use assets obtained in exchange for new lease liabilities			8
Weighted-average remaining lease term			5.8 years
Weighted-average discount rate			4.1		%

Undiscounted contractual maturities of operating lease liabilities

The following table presents the undiscounted contractual maturities of AFG’s operating lease liability at June 30, 2019 (in millions):

	June 30, 2019
Operating lease payments:
Remainder of 2019	$	24
2020	43
2021	37
2022	29
2023	24
Thereafter	52
Total lease payments	209
Impact of discounting	(24		)
Operating lease liability	$	185