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Debt
 6 Months Ended
Jun. 30, 2021
Debt Disclosure [Abstract]  
Debt Debt — Debt at each of the balance sheet periods consisted of:
 June 30, 2021June 30, 2020December 31, 2020
(millions)Carrying
Value		Fair
Value		Carrying
Value		Fair
Value		Carrying
Value		Fair
Value
3.75% Senior Notes due 2021 (issued: $500.0, August 2011)
$499.9 $502.5 $499.6 $519.0 $499.8 $510.9 
2.45% Senior Notes due 2027 (issued: $500.0, August 2016)
497.5 529.9 497.1 533.7 497.3 541.1 
6 5/8% Senior Notes due 2029 (issued: $300.0, March 1999)
297.0 396.1 296.8 420.7 296.9 409.4 
4.00% Senior Notes due 2029 (issued: $550.0, October 2018)
545.7 631.5 545.2 654.2 545.5 660.4 
3.20% Senior Notes due 2030 (issued: $500.0, March 2020)
496.3 549.0 496.0 567.6 496.1 575.5 
6.25% Senior Notes due 2032 (issued: $400.0, November 2002)
396.1 553.7 395.8 569.6 396.0 582.0 
4.35% Senior Notes due 2044 (issued: $350.0, April 2014)
346.8 434.8 346.7 444.9 346.7 459.7 
3.70% Senior Notes due 2045 (issued: $400.0, January 2015)
395.6 458.1 395.5 471.4 395.5 481.0 
4.125% Senior Notes due 2047 (issued: $850.0, April 2017)
841.8 1,041.4 841.6 1,080.8 841.7 1,113.1 
4.20% Senior Notes due 2048 (issued: $600.0, March 2018)
590.1 747.0 589.9 773.8 590.0 806.7 
3.95% Senior Notes due 2050 (issued: $500.0, March 2020)
490.7 602.7 490.5 628.6 490.6 653.7 
Total$5,397.5 $6,446.7 $5,394.7 $6,664.3 $5,396.1 $6,793.5 

At June 30, 2021 and December 31, 2020, short-term debt consisted of the $500 million 3.75% Senior Notes that mature in August 2021; there was no short-term debt outstanding at June 30, 2020.
The Progressive Corporation has a line of credit with PNC Bank, National Association (PNC), in the maximum principal amount of $250 million, which has the same terms as the line of credit with PNC that expired in April 2021. See the 2020 Annual Report to Shareholders for terms of this line of credit. We had no borrowings under the line of credit during the periods presented.