Long-Term Debt (Tables)

9 Months Ended

Sep. 30, 2020

Long-term debt consisted of the following (in millions):


	September 30, 2020						December 31, 2019
	Principal		Discount and Issue Costs		Carrying Value		Principal		Discount and Issue Costs		Carrying Value
Direct Senior Obligations of AFG:
4.50% Senior Notes due June 2047	$	590	$	(2)	$	588	$	590	$	(2)	$	588
3.50% Senior Notes due August 2026	425		(3)		422		425		(3)		422
5.25% Senior Notes due April 2030	300		(7)		293		—		—		—
Other	3		—		3		3		—		3
	1,318		(12)		1,306		1,018		(5)		1,013

Direct Subordinated Obligations of AFG:
4.50% Subordinated Debentures due September 2060	200		(4)		196		—		—		—
5.125% Subordinate Debentures due December 2059	200		(6)		194		200		(6)		194
6% Subordinated Debentures due November 2055	150		(5)		145		150		(5)		145
5.625% Subordinated Debentures due June 2060	150		(4)		146		—		—		—
5.875% Subordinated Debentures due March 2059	125		(4)		121		125		(4)		121
	825		(23)		802		475		(15)		460
	$	2,143	$	(35)	$	2,108	$	1,493	$	(20)	$	1,473

- Definition

Tabular disclosure of long-debt instruments or arrangements, including identification, terms, features, collateral requirements and other information necessary to a fair presentation. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the entity, if longer.

+ References

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+ Details