Long-Term Debt and Credit Facilities (Tables)

3 Months Ended

Mar. 31, 2017

Debt Disclosure [Abstract]

Principal and Carrying Amounts of Debt

The principal and carrying values of the Company’s long-term debt are presented in the table below.

Principal and Carrying Amounts of Debt

	As of March 31, 2017				As of December 31, 2016
	Principal		Carrying Value		Principal		Carrying Value
	(in millions)
AGUS:
7% Senior Notes(1)	$	200	$	197	$	200	$	197
5% Senior Notes(1)	500		496		500		496
Series A Enhanced Junior Subordinated Debentures(2)	150		150		150		150
Total AGUS	850		843		850		843
AGMH(3):
67/8% QUIBS(1)	100		69		100		69
6.25% Notes(1)	230		141		230		141
5.6% Notes(1)	100		56		100		56
Junior Subordinated Debentures(2)	300		189		300		187
Total AGMH	730		455		730		453
AGM(3):
AGM Notes Payable	9		9		9		10
Total AGM	9		9		9		10
Total	$	1,589	$	1,307	$	1,589	$	1,306

 ____________________

(1) AGL fully and unconditionally guarantees these obligations

(2) Guaranteed by AGL on a junior subordinated basis.

(3)Carrying amounts are different than principal amounts due primarily to fair value adjustments at the AGMH acquisition date, which are accreted or amortized into interest expense over the remaining terms of these obligations.