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Long-Term Debt and Credit Facilities (Tables) | 12 Months Ended
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Dec. 31, 2022
Debt Disclosure [Abstract] |
Principal and Carrying Amounts of Debt | The principal and carrying values of the Company’s debt are presented in the table below. Principal and Carrying Amounts of Long-Term Debt
| As of December 31, 2022 |  | As of December 31, 2021
| Principal |  | Carrying Value |  | Principal |  | Carrying Value
| (in millions)
AGUS 7% Senior Notes | $ | 200 |  |  | $ | 198 |  |  | $ | 200 |  |  | $ | 197 |
AGUS 5% Senior Notes | 330 |  |  | 329 |  |  | 330 |  |  | 329 |
AGUS 3.15% Senior Notes | 500 |  |  | 495 |  |  | 500 |  |  | 495 |
AGUS 3.6% Senior Notes | 400 |  |  | 395 |  |  | 400 |  |  | 395 |
AGUS Series A Enhanced Junior Subordinated Debentures | 150 |  |  | 150 |  |  | 150 |  |  | 150 |
AGMH Junior Subordinated Debentures (1) | 146 |  |  | 108 |  |  | 146 |  |  | 105 |
AGM Notes Payable | — |  |  | — |  |  | 2 |  |  | 2 |
Total | $ | 1,726 |  |  | $ | 1,675 |  |  | $ | 1,728 |  |  | $ | 1,673 |
____________________ (1) Carrying amounts are different than principal amounts primarily due to fair value adjustments at the date of the AGMH acquisition, which are accreted into interest expense over the remaining terms of these obligations. Net of AGMH’s long-term debt purchased by AGUS.
Expected Maturity Schedule of Debt | Debt Maturity Schedule (1) As of December 31, 2022
Year |  | Principal
|  | (in millions)
2023 |  | $ | — |
2024 |  | 330 |
2025 |  | — |
2026 |  | — |
2027 |  | — |
2028-2047 |  | 700 |
2048-2066 |  | 696 |
Total |  | $ | 1,726 |
____________________ (1) Includes eliminations of AGMH’s debt purchased by AGUS. The Company’s interest expense was $81 million, $87 million and $85 million for the years ended December 31, 2022, 2021 and 2020, respectively.

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