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Debt (Tables)
12 Months Ended
Dec. 31, 2022
Debt  
Short-Term Debt (Table)

December 31, 2022

Financing

Short-term debt

Obligor/Applicant

    

structure

    

Maturity

    

Capacity

    

outstanding

(in millions)

PLIC

 

Credit facility

 

October 2027

$

800.0

$

Total

 

  

 

  

$

800.0

$

December 31, 2021

Financing

Short-term debt

Obligor/Applicant

    

structure

    

Maturity

    

Capacity

    

outstanding

(in millions)

PFG, PFS, PLIC as co-borrowers

 

Credit facility

 

November 2023

$

600.0

$

PFG, PFS, PLIC and Principal Financial

 

  

 

  

 

  

 

  

Services V (UK) Ltd as co-borrowers

 

Credit facility

 

November 2023

 

200.0

 

Total

$

800.0

$

Long-Term Debt (Table)

December 31, 2022

 

    

Principal

    

Net unamortized
discount,
premium and
debt issuance
costs

    

Carrying
amount

  

(in millions)

 

Non-recourse mortgages and notes payable

$

67.1

$

0.7

$

67.8

Total long-term debt

$

67.1

$

0.7

$

67.8

December 31, 2021

    

Principal

    

Net unamortized
discount,
premium and
debt issuance
costs

    

Carrying
amount

  

(in millions)

Non-recourse mortgages and notes payable

$

53.8

$

0.2

$

54.0

Total long-term debt

$

53.8

$

0.2

$

54.0

Future Annual Maturities of Long-Term Debt (Table)

As of December 31, 2022, future annual maturities of long-term debt were as follows (in millions):

Year ending December 31:

    

    

2023

$

25.3

2024

32.7

2025

0.4

2026

6.5

2027

0.1

Thereafter

2.8

Total future maturities of long-term debt

$

67.8