XML 23 R10.htm IDEA: XBRL DOCUMENT v3.24.3
Debt
 9 Months Ended
Sep. 30, 2024
Debt Disclosure [Abstract]  
Debt DEBT
Debt at each of the balance sheet periods consisted of:
 September 30, 2024September 30, 2023December 31, 2023
(millions)Carrying
Value		Fair
Value		Carrying
Value		Fair
Value		Carrying
Value		Fair
Value
2.45% Senior Notes due 2027 (issued: $500.0, August 2016)
$498.9 $483.2 $498.5 $455.8 $498.6 $468.9 
2.50% Senior Notes due 2027 (issued: $500.0, March 2022)
498.5 482.1 497.9 454.0 498.1 469.1 
6 5/8% Senior Notes due 2029 (issued: $300.0, March 1999)
298.1 330.1 297.7 320.8 297.8 328.7 
4.00% Senior Notes due 2029 (issued: $550.0, October 2018)
547.3 548.6 546.8 518.9 546.9 542.6 
3.20% Senior Notes due 2030 (issued: $500.0, March 2020)
497.6 476.1 497.2 435.1 497.3 462.2 
3.00% Senior Notes due 2032 (issued: $500.0, March 2022)
496.6 458.5 496.2 420.5 496.3 446.0 
6.25% Senior Notes due 2032 (issued: $400.0, November 2002)
396.9 449.9 396.6 414.3 396.7 445.6 
4.95% Senior Notes due 2033 (issued: $500.0, May 2023)
496.7 518.7 496.4 474.7 496.4 513.0 
4.35% Senior Notes due 2044 (issued: $350.0, April 2014)
347.0 318.9 347.0 280.9 347.0 314.2 
3.70% Senior Notes due 2045 (issued: $400.0, January 2015)
396.0 330.6 395.8 288.2 395.9 325.1 
4.125% Senior Notes due 2047 (issued: $850.0, April 2017)
842.4 749.8 842.2 666.3 842.3 756.2 
4.20% Senior Notes due 2048 (issued: $600.0, March 2018)
590.8 532.3 590.6 473.3 590.6 534.1 
3.95% Senior Notes due 2050 (issued: $500.0, March 2020)
491.3 420.0 491.1 373.5 491.1 422.3 
3.70% Senior Notes due 2052 (issued: $500.0, March 2022)
493.7 399.5 493.6 355.8 493.6 403.3 
Total$6,891.8 $6,498.3 $6,887.6 $5,932.1 $6,888.6 $6,431.3 
There was no short-term debt outstanding as of the end of all periods presented.
During the second quarter 2024, The Progressive Corporation renewed its line of credit with PNC Bank, National Association (PNC), in the maximum principal amount of $300 million, which expires April 2025 and has the same terms as the previous line of credit with PNC. See the 2023 Annual Report to Shareholders for a discussion of the terms of this line of credit. We had no borrowings under the line of credit that was available during the periods presented.