XML 129 R115.htm IDEA: XBRL DOCUMENT v3.10.0.1
Employee and Agent Benefits - Net Periodic Benefit Cost (Details) - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
Plan actuarial gain and loss amortization disclosures      
Allowable corridor not used for amortization of actuarial gains and losses of qualified pension plan (as a percent) 10.00%    
Pension benefits      
Components of Net Periodic Benefit Cost (Income)      
Service cost $ 73.0 $ 67.1 $ 65.0
Interest cost $ 119.5 $ 124.4 $ 134.9
Interest cost, location on consolidated statements of operations pfg:OperatingExpensesIncludingDeferredAcquisitionCostsCapitalizationAndAmortization pfg:OperatingExpensesIncludingDeferredAcquisitionCostsCapitalizationAndAmortization pfg:OperatingExpensesIncludingDeferredAcquisitionCostsCapitalizationAndAmortization
Expected return on plan assets $ (157.0) $ (144.2) $ (155.0)
Expected return on plan assets, location on consolidated statements of operations pfg:OperatingExpensesIncludingDeferredAcquisitionCostsCapitalizationAndAmortization pfg:OperatingExpensesIncludingDeferredAcquisitionCostsCapitalizationAndAmortization pfg:OperatingExpensesIncludingDeferredAcquisitionCostsCapitalizationAndAmortization
Amortization of prior service (benefit) cost $ (3.4) $ (2.3) $ (2.2)
Amortization of prior service (benefit) cost, location on consolidated statements of operations pfg:OperatingExpensesIncludingDeferredAcquisitionCostsCapitalizationAndAmortization pfg:OperatingExpensesIncludingDeferredAcquisitionCostsCapitalizationAndAmortization pfg:OperatingExpensesIncludingDeferredAcquisitionCostsCapitalizationAndAmortization
Recognized net actuarial (gain) loss $ 67.8 $ 68.0 $ 77.0
Recognized net actuarial (gain) loss, location on consolidated statements of operations pfg:OperatingExpensesIncludingDeferredAcquisitionCostsCapitalizationAndAmortization pfg:OperatingExpensesIncludingDeferredAcquisitionCostsCapitalizationAndAmortization pfg:OperatingExpensesIncludingDeferredAcquisitionCostsCapitalizationAndAmortization
Net periodic benefit cost (income) $ 99.9 $ 113.0 $ 119.7
Other changes recognized in accumulated other comprehensive (income) loss      
Net actuarial (gain) loss 58.3 43.9  
Prior service (benefit) cost (6.4) (23.1)  
Amortization of net gain (loss) (67.8) (68.0)  
Amortization of prior service benefit (cost) 3.4 2.3  
Total recognized in pre-tax accumulated other comprehensive (income) loss (12.5) (44.9)  
Total recognized in net periodic benefit cost and pre-tax accumulated other comprehensive (income) loss 87.4 68.1  
Estimated amounts that will be amortized from accumulated other comprehensive income into net periodic benefit cost during the next fiscal year      
Estimated net actuarial (gain) loss that will be amortized from accumulated other comprehensive income into net periodic benefit cost during the next fiscal year 67.3    
Estimated prior service cost (benefit) that will be amortized from accumulated other comprehensive income into net periodic benefit cost during the next fiscal year (3.7)    
Other postretirement benefits      
Components of Net Periodic Benefit Cost (Income)      
Service cost 0.1 0.1 2.1
Interest cost $ 3.5 $ 3.9 $ 6.2
Interest cost, location on consolidated statements of operations pfg:OperatingExpensesIncludingDeferredAcquisitionCostsCapitalizationAndAmortization pfg:OperatingExpensesIncludingDeferredAcquisitionCostsCapitalizationAndAmortization pfg:OperatingExpensesIncludingDeferredAcquisitionCostsCapitalizationAndAmortization
Expected return on plan assets $ (33.6) $ (27.5) $ (32.6)
Expected return on plan assets, location on consolidated statements of operations pfg:OperatingExpensesIncludingDeferredAcquisitionCostsCapitalizationAndAmortization pfg:OperatingExpensesIncludingDeferredAcquisitionCostsCapitalizationAndAmortization pfg:OperatingExpensesIncludingDeferredAcquisitionCostsCapitalizationAndAmortization
Amortization of prior service (benefit) cost $ (13.9) $ (34.6) $ (25.9)
Amortization of prior service (benefit) cost, location on consolidated statements of operations pfg:OperatingExpensesIncludingDeferredAcquisitionCostsCapitalizationAndAmortization pfg:OperatingExpensesIncludingDeferredAcquisitionCostsCapitalizationAndAmortization pfg:OperatingExpensesIncludingDeferredAcquisitionCostsCapitalizationAndAmortization
Recognized net actuarial (gain) loss $ (1.5)   $ 0.2
Recognized net actuarial (gain) loss, location on consolidated statements of operations pfg:OperatingExpensesIncludingDeferredAcquisitionCostsCapitalizationAndAmortization pfg:OperatingExpensesIncludingDeferredAcquisitionCostsCapitalizationAndAmortization pfg:OperatingExpensesIncludingDeferredAcquisitionCostsCapitalizationAndAmortization
Net periodic benefit cost (income) $ (45.4) $ (58.1) $ (50.0)
Other changes recognized in accumulated other comprehensive (income) loss      
Net actuarial (gain) loss 73.4 (44.7)  
Amortization of net gain (loss) 1.5    
Amortization of prior service benefit (cost) 13.9 34.6  
Total recognized in pre-tax accumulated other comprehensive (income) loss 88.8 (10.1)  
Total recognized in net periodic benefit cost and pre-tax accumulated other comprehensive (income) loss 43.4 $ (68.2)  
Estimated amounts that will be amortized from accumulated other comprehensive income into net periodic benefit cost during the next fiscal year      
Estimated net actuarial (gain) loss that will be amortized from accumulated other comprehensive income into net periodic benefit cost during the next fiscal year 0.1    
Estimated prior service cost (benefit) that will be amortized from accumulated other comprehensive income into net periodic benefit cost during the next fiscal year $ (1.2)