Debt (Tables)

12 Months Ended

Dec. 31, 2022

Debt

Short-Term Debt (Table)

			December 31, 2022
	Financing				Short-term debt
Obligor/Applicant	structure	Maturity	Capacity		outstanding
			(in millions)
Principal Life	Credit facility	October 2027	$	800.0	$	—
	Unsecured
Principal International Chile (1)	lines of credit			136.9		80.7
Total			$	936.9	$	80.7

			December 31, 2021
	Financing				Short-term debt
Obligor/Applicant	structure	Maturity	Capacity		outstanding
			(in millions)
PFG, PFS and Principal Life as co-borrowers	Credit facility	November 2023	$	600.0	$	—
PFG, PFS, Principal Life and Principal Financial
Services V (UK) Ltd as co-borrowers	Credit facility	November 2023		200.0		—
	Unsecured
Principal International Chile (1)	lines of credit			145.6		79.8
Total			$	945.6	$	79.8

(1) The unsecured lines of credit can be used for repurchase agreements or other borrowings. Each line has a maturity of less than one year.

Long-Term Debt (Table)

	December 31, 2022
	Principal		Net unamortized discount, premium and debt issuance costs		Carrying amount
	(in millions)
3.125% notes payable, due 2023	$	300.0	$	(0.1)	$	299.9
3.4% notes payable, due 2025		400.0		(1.2)		398.8
3.1% notes payable, due 2026		350.0		(1.4)		348.6
3.7% notes payable, due 2029		500.0		(4.3)		495.7
2.125% notes payable, due 2030		600.0		(3.6)		596.4
6.05% notes payable, due 2036		505.6		(2.3)		503.3
4.625% notes payable, due 2042		300.0		(2.9)		297.1
4.35% notes payable, due 2043		300.0		(3.0)		297.0
4.3% notes payable, due 2046		300.0		(3.1)		296.9
Floating rate notes payable, due 2055		400.0		(4.5)		395.5
Non-recourse mortgages and notes payable		67.1		0.7		67.8
Total long-term debt	$	4,022.7	$	(25.7)	$	3,997.0

	December 31, 2021
	Principal		Net unamortized discount, premium and debt issuance costs		Carrying amount
	(in millions)
3.3% notes payable, due 2022	$	300.0	$	(0.3)	$	299.7
3.125% notes payable, due 2023		300.0		(0.4)		299.6
3.4% notes payable, due 2025		400.0		(1.7)		398.3
3.1% notes payable, due 2026		350.0		(1.9)		348.1
3.7% notes payable, due 2029		500.0		(5.0)		495.0
2.125% notes payable, due 2030		600.0		(4.1)		595.9
6.05% notes payable, due 2036		505.6		(2.3)		503.3
4.625% notes payable, due 2042		300.0		(3.0)		297.0
4.35% notes payable, due 2043		300.0		(3.0)		297.0
4.3% notes payable, due 2046		300.0		(3.1)		296.9
Floating rate notes payable, due 2055		400.0		(4.6)		395.4
Non-recourse mortgages and notes payable		53.7		0.3		54.0
Total long-term debt	$	4,309.3	$	(29.1)	$	4,280.2

Future Annual Maturities of Long-Term Debt (Table)

As of December 31, 2022, future annual maturities of long-term debt were as follows (in millions):

Year ending December 31:
2023	$	325.2
2024		32.8
2025		399.2
2026		355.1
2027		0.1
Thereafter		2,884.6
Total future maturities of long-term debt	$	3,997.0