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Debt
 3 Months Ended
Mar. 31, 2023
Debt Disclosure [Abstract]  
Debt DEBT
Debt at each of the balance sheet periods consisted of:
 March 31, 2023March 31, 2022December 31, 2022
(millions)Carrying
Value		Fair
Value		Carrying
Value		Fair
Value		Carrying
Value		Fair
Value
2.45% Senior Notes due 2027 (issued: $500.0, August 2016)
$498.3 $464.2 $497.8 $487.9 $498.2 $457.7 
2.50% Senior Notes due 2027 (issued: $500.0, March 2022)
497.7 463.8 497.1 489.4 497.5 460.3 
6 5/8% Senior Notes due 2029 (issued: $300.0, March 1999)
297.6 329.6 297.3 358.8 297.5 326.8 
4.00% Senior Notes due 2029 (issued: $550.0, October 2018)
546.5 538.5 546.1 573.5 546.4 527.8 
3.20% Senior Notes due 2030 (issued: $500.0, March 2020)
497.0 460.0 496.6 496.2 496.9 448.6 
3.00% Senior Notes due 2032 (issued: $500.0, March 2022)
496.0 446.9 495.6 487.0 495.9 438.1 
6.25% Senior Notes due 2032 (issued: $400.0, November 2002)
396.5 448.1 396.2 494.8 396.4 435.4 
4.35% Senior Notes due 2044 (issued: $350.0, April 2014)
346.9 312.3 346.8 368.7 346.9 298.4 
3.70% Senior Notes due 2045 (issued: $400.0, January 2015)
395.8 324.0 395.7 386.0 395.7 310.2 
4.125% Senior Notes due 2047 (issued: $850.0, April 2017)
842.1 743.8 841.9 894.5 842.1 716.2 
4.20% Senior Notes due 2048 (issued: $600.0, March 2018)
590.4 530.0 590.3 637.4 590.4 507.0 
3.95% Senior Notes due 2050 (issued: $500.0, March 2020)
491.0 420.3 490.8 514.9 490.9 404.9 
3.70% Senior Notes due 2052 (issued: $500.0, March 2022)
493.5 399.5 493.4 503.5 493.5 386.5 
Total$6,389.3 $5,881.0 $6,385.6 $6,692.6 $6,388.3 $5,717.9 
There was no short-term debt outstanding at March 31, 2023 and 2022, and December 31, 2022.
The Progressive Corporation has a line of credit with PNC Bank, National Association (PNC), in the maximum principal amount of $250 million. See the 2022 Annual Report to Shareholders for a discussion of the terms of this line of credit. We had no borrowings under the line of credit during the periods presented.