XML 101 R90.htm IDEA: XBRL DOCUMENT
v3.24.2.u1

NOTES PAYABLE AND LEASE OBLIGATIONS - Summary of Lines of Credit (Details) - 6 months ended Jun. 30, 2024 $ in Millions, ¥ in Billions | USD ($) | JPY (¥)
--- | --- | ---
$100 million line of credit |  |
Line of Credit Facility [Line Items] |  |
Line of credit facility, term | 364 days |
Line of credit facility, maximum borrowing capacity | $ 100.0 |
Line of credit facility, amount outstanding | $ 0.0 |
Line of credit facility, interest rate description | The rate quoted by the bank and agreed upon at the time of borrowing |
100.0 billion yen line of credit |  |
Line of Credit Facility [Line Items] |  |
Line of credit facility, term | 5 years |
Line of credit facility, maximum borrowing capacity | ¥ |  | ¥ 100.0
Line of credit facility, amount outstanding | ¥ |  | 0.0
Line of credit facility, interest rate description | A rate per annum equal to (a) Tokyo Interbank Market Rate (TIBOR) plus, the alternative applicable TIBOR margin during the availability period from the closing date to the commitment termination date or (b) the TIBOR rate offered by the agent to major banks in yen for the applicable period plus, the applicable alternative TIBOR margin during the term out period |
$1 billion line of credit |  |
Line of Credit Facility [Line Items] |  |
Line of credit facility, term | 5 years |
Line of credit facility, maximum borrowing capacity | $ 1,000.0 |
Line of credit facility, amount outstanding | $ 0.0 |
Line of credit facility, interest rate description | A rate per annum equal to, at the Company's option, either, (a) Secured Overnight Financing Rate (SOFR) for U.S. dollar-denominated borrowings or TIBOR for Japanese yen-denominated borrowings, in either case adjusted for certain costs, or (b) a base rate determined by reference to the highest of (1) the federal funds rate plus 1/2 of 1%, (2) the rate of interest for such day announced by the agent as its prime rate, or (3) SOFR for an interest period of one month plus 1.00%, in each case plus an applicable margin |
$50 million line of credit |  |
Line of Credit Facility [Line Items] |  |
Line of credit facility, maximum borrowing capacity | $ 50.0 |
Line of credit facility, amount outstanding | $ 0.0 |
Line of credit facility, interest rate description | A rate per annum equal to, at the Parent Company's option, either (a) a rate determined by reference to SOFR for the interest period relevant to such borrowing or (b) the base rate determined by reference to the highest of (1) the lender's USD short-term commercial loan rate and (2) the federal funds rate plus 1/2 of 1% |
$250 million line of credit |  |
Line of Credit Facility [Line Items] |  |
Line of credit facility, term | 364 days |
Line of credit facility, maximum borrowing capacity | $ 250.0 |
Line of credit facility, amount outstanding | $ 0.0 |
Line of credit facility, interest rate description | Three-month term SOFR plus a 10 basis point SOFR adjustment and an additional 75 basis points per annum |
50.0 billion yen line of credit (Tranche 1) |  |
Line of Credit Facility [Line Items] |  |
Line of credit facility, term | 364 days |
Line of credit facility, maximum borrowing capacity | ¥ |  | 50.0
Line of credit facility, amount outstanding | ¥ |  | 0.0
Line of credit facility, interest rate description | Three-month yen TIBOR plus 75 basis points per annum |
50.0 billion yen line of credit (Tranche 2) |  |
Line of Credit Facility [Line Items] |  |
Line of credit facility, term | 364 days |
Line of credit facility, maximum borrowing capacity | ¥ |  | 50.0
Line of credit facility, amount outstanding | ¥ |  | ¥ 0.0
Line of credit facility, interest rate description | Three-month yen TIBOR plus 75 basis points per annum |
$25 million line of credit (Aflac New York as borrower) |  |
Line of Credit Facility [Line Items] |  |
Line of credit facility, term | 364 days |
Line of credit facility, maximum borrowing capacity | $ 25.0 |
Line of credit facility, amount outstanding | $ 0.0 |
Line of credit facility, interest rate description | Three-month term SOFR plus a 10 basis point SOFR adjustment and an additional 75 basis points per annum |
$15 million line of credit |  |
Line of Credit Facility [Line Items] |  |
Line of credit facility, term | 364 days |
Line of credit facility, maximum borrowing capacity | $ 15.0 |
Line of credit facility, amount outstanding | $ 0.0 |
Line of credit facility, interest rate description | Three-month term SOFR plus a 10 basis point SOFR adjustment and an additional 75 basis points per annum |
$300 thousand line of credit |  |
Line of Credit Facility [Line Items] |  |
Line of credit facility, term | 364 days |
Line of credit facility, maximum borrowing capacity | $ 0.3 |
Line of credit facility, amount outstanding | $ 0.0 |
Line of credit facility, interest rate description | Three-month term SOFR plus a 10 basis point SOFR adjustment and an additional 75 basis points per annum |
$30 million line of credit |  |
Line of Credit Facility [Line Items] |  |
Line of credit facility, term | 364 days |
Line of credit facility, maximum borrowing capacity | $ 30.0 |
Line of credit facility, amount outstanding | $ 0.0 |
Line of credit facility, interest rate description | Three-month term SOFR plus a 10 basis point SOFR adjustment and an additional 75 basis points per annum |
$400 million line of credit (Aflac Incorporated as borrower) |  |
Line of Credit Facility [Line Items] |  |
Line of credit facility, term | 364 days |
Line of credit facility, maximum borrowing capacity | $ 400.0 |
Line of credit facility, amount outstanding | $ 0.0 |
Line of credit facility, interest rate description | Three-month term SOFR plus a 10 basis point SOFR adjustment and an additional 97 basis points per annum for U.S. dollar-denominated borrowings or three-month TIBOR plus 97 basis points per annum for Japanese yen-denominated borrowings |
$400 million line of credit (Aflac Re Bermuda Ltd. as borrower) |  |
Line of Credit Facility [Line Items] |  |
Line of credit facility, term | 364 days |
Line of credit facility, maximum borrowing capacity | $ 400.0 |
Line of credit facility, amount outstanding | $ 0.0 |
Line of credit facility, interest rate description | Three-month term SOFR plus a 10 basis point SOFR adjustment and an additional 68 basis points per annum for U.S. dollar-denominated borrowings or three-month TIBOR plus 68 basis points per annum for Japanese yen-denominated borrowings |
$25 million line of credit (Aflac Asset Management as borrower) |  |
Line of Credit Facility [Line Items] |  |
Line of credit facility, term | 214 days |
Line of credit facility, maximum borrowing capacity | $ 25.0 |
Line of credit facility, amount outstanding | $ 0.0 |
Line of credit facility, interest rate description | Three-month term SOFR plus a 10 basis point SOFR adjustment and an additional 68 basis points per annum for U.S. dollar-denominated borrowings or three-month TIBOR plus 68 basis points per annum for Japanese yen-denominated borrowings |
$2 million line of credit |  |
Line of Credit Facility [Line Items] |  |
Line of credit facility, term | 214 days |
Line of credit facility, maximum borrowing capacity | $ 2.0 |
Line of credit facility, amount outstanding | $ 0.0 |
Line of credit facility, interest rate description | Three-month term SOFR plus a 10 basis point SOFR adjustment and an additional 68 basis points per annum for U.S. dollar-denominated borrowings or three-month TIBOR plus 68 basis points per annum for Japanese yen-denominated borrowings |
Lower Limit | 100.0 billion yen line of credit |  |
Line of Credit Facility [Line Items] |  |
Line of credit facility, commitment fee percentage | 0.28% |
Lower Limit | $1 billion line of credit |  |
Line of Credit Facility [Line Items] |  |
Line of credit facility, commitment fee percentage | 0.08% |
Upper Limit | 100.0 billion yen line of credit |  |
Line of Credit Facility [Line Items] |  |
Line of credit facility, commitment fee percentage | 0.45% |
Upper Limit | $1 billion line of credit |  |
Line of Credit Facility [Line Items] |  |
Line of credit facility, commitment fee percentage | 0.20% |

X
- Definition Period of time between issuance and maturity of debt instrument, in PnYnMnDTnHnMnS' format, for example, 'P1Y5M13D' represents the reported fact of one year, five months, and thirteen days. + References No definition available. + Details
Name: | us-gaap_DebtInstrumentTerm
Namespace Prefix: | us-gaap_
Data Type: | xbrli:durationItemType
Balance Type: | na
Period Type: | duration

X
- Definition The carrying value as of the balance sheet date of the current and noncurrent portions of long-term obligations drawn from a line of credit, which is a bank's commitment to make loans up to a specific amount. Examples of items that might be included in the application of this element may consist of letters of credit, standby letters of credit, and revolving credit arrangements, under which borrowings can be made up to a maximum amount as of any point in time conditional on satisfaction of specified terms before, as of and after the date of drawdowns on the line. Includes short-term obligations that would normally be classified as current liabilities but for which (a) postbalance sheet date issuance of a long term obligation to refinance the short term obligation on a long term basis, or (b) the enterprise has entered into a financing agreement that clearly permits the enterprise to refinance the short-term obligation on a long term basis and the following conditions are met (1) the agreement does not expire within 1 year and is not cancelable by the lender except for violation of an objectively determinable provision, (2) no violation exists at the BS date, and (3) the lender has entered into the financing agreement is expected to be financially capable of honoring the agreement. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(22)) -SubTopic 10 -Topic 210 -Publisher FASB -URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 942 -SubTopic 210 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.9-03(16)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147478546/942-210-S99-1 Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 944 -SubTopic 210 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.7-03(a)(16)(a)(2)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147478777/944-210-S99-1 + Details
Name: | us-gaap_LineOfCredit
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | instant

X
- Definition The fee, expressed as a percentage of the line of credit facility, for the line of credit facility regardless of whether the facility has been used. + References No definition available. + Details
Name: | us-gaap_LineOfCreditFacilityCommitmentFeePercentage
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:percentItemType
Balance Type: | na
Period Type: | duration

X
- Definition Description of interest rate for borrowing under credit facility. Includes, but is not limited to, terms and method for determining interest rate. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 210 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(22)(b)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 210 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(19)(b)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1 + Details
Name: | us-gaap_LineOfCreditFacilityInterestRateDescription
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 6 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147481544/470-10-50-6 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 470 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 6 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147481544/470-10-50-6 Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 235 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.4-08(f)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480678/235-10-S99-1 + Details
Name: | us-gaap_LineOfCreditFacilityLineItems
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Maximum borrowing capacity under the credit facility without consideration of any current restrictions on the amount that could be borrowed or the amounts currently outstanding under the facility. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 210 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(22)(b)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 210 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(19)(b)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1 + Details
Name: | us-gaap_LineOfCreditFacilityMaximumBorrowingCapacity
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | instant

X
- Details
Name: | us-gaap_CreditFacilityAxis=afl_OnehundredmilliondollarlineofcreditMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_CreditFacilityAxis=afl_OnehundredbillionyenlineofcreditMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_CreditFacilityAxis=afl_OnebilliondollarlineofcreditMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_CreditFacilityAxis=afl_FiftymilliondollarlineofcreditMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_CreditFacilityAxis=afl_TwohundredfiftymilliondollarlineofcreditMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_CreditFacilityAxis=afl_FiftyBillionYenLineOfCreditTranche1Member
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_CreditFacilityAxis=afl_FiftyBillionYenLineOfCreditTranche2Member
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_CreditFacilityAxis=afl_TwentyFiveMillionDollarLineOfCreditAflacNewYorkAsBorrowerMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_CreditFacilityAxis=afl_FifteenmilliondollarlineofcreditMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_CreditFacilityAxis=afl_ThreehundredthousanddollarlineofcreditMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_CreditFacilityAxis=afl_ThirtyMillionDollarLineOfCreditMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_CreditFacilityAxis=afl_FourHundredMillionDollarLineOfCreditAflacIncorporatedAsBorrowerMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_CreditFacilityAxis=afl_FourHundredMillionDollarLineOfCreditAflacReBermudaLtdAsBorrowerMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_CreditFacilityAxis=afl_TwentyFiveMillionDollarLineOfCreditAflacAssetManagementAsBorrowerMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_CreditFacilityAxis=afl_TwoMillionDollarLineOfCreditMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | srt_RangeAxis=srt_MinimumMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | srt_RangeAxis=srt_MaximumMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |