Debt (Tables)

12 Months Ended

Dec. 31, 2019

Debt

Short-Term Debt (Table)

			December 31, 2019
	Financing				Short-term debt
Obligor/Applicant	structure	Maturity	Capacity		outstanding
			(in millions)
PFG, Principal Financial Services, Inc. ("PFS"),
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		—
Principal International Chile (1)	Unsecured lines of credit			134.5		93.4
Principal Life	Unsecured line of credit	September 2020		60.0		—
Total			$	994.5	$	93.4

			December 31, 2018
	Financing				Short-term debt
Obligor/Applicant	structure	Maturity	Capacity		outstanding
			(in millions)
PFG, PFS, 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		—
Principal International Chile (1)	Unsecured lines of credit			141.4		42.9
Principal Life	Unsecured line of credit	September 2019		60.0		—
Total			$	1,001.4	$	42.9

(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, 2019
	Principal		Net unamortized discount, premium and debt issuance costs		Carrying amount
	(in millions)
3.3% notes payable, due 2022	$	300.0	$	(1.0)	$	299.0
3.125% notes payable, due 2023		300.0		(1.0)		299.0
3.4% notes payable, due 2025		400.0		(2.6)		397.4
3.1% notes payable, due 2026		350.0		(2.5)		347.5
3.7% notes payable, due 2029		500.0		(6.1)		493.9
6.05% notes payable, due 2036		505.6		(2.4)		503.2
4.625% notes payable, due 2042		300.0		(3.2)		296.8
4.35% notes payable, due 2043		300.0		(3.3)		296.7
4.3% notes payable, due 2046		300.0		(3.3)		296.7
4.7% notes payable, due 2055		400.0		(4.9)		395.1
Non-recourse mortgages and notes payable		107.6		1.2		108.8
Total long-term debt	$	3,763.2	$	(29.1)	$	3,734.1

	December 31, 2018
	Principal		Net unamortized discount, premium and debt issuance costs		Carrying amount
	(in millions)
3.3% notes payable, due 2022	$	300.0	$	(1.5)	$	298.5
3.125% notes payable, due 2023		300.0		(1.2)		298.8
3.4% notes payable, due 2025		400.0		(3.0)		397.0
3.1% notes payable, due 2026		350.0		(2.7)		347.3
6.05% notes payable, due 2036		505.6		(2.6)		503.0
4.625% notes payable, due 2042		300.0		(3.3)		296.7
4.35% notes payable, due 2043		300.0		(3.3)		296.7
4.3% notes payable, due 2046		300.0		(3.3)		296.7
4.7% notes payable, due 2055		400.0		(4.9)		395.1
Non-recourse mortgages and notes payable		128.5		1.3		129.8
Total long-term debt	$	3,284.1	$	(24.5)	$	3,259.6

Future Annual Maturities of Long-Term Debt (Table)

9. Debt – (continued)

As of December 31, 2019, future annual maturities of long-term debt were as follows (in millions):

Year ending December 31:
2020	$	65.9
2021		1.8
2022		300.7
2023		314.0
2024		17.5
Thereafter		3,034.2
Total future maturities of long-term debt	$	3,734.1