XML 85 R73.htm IDEA: XBRL DOCUMENT
v3.20.2

Stockholders' Equity - AOCI and Noncontrolling Interest (Details) - USD ($) $ in Millions | 3 Months Ended | 9 Months Ended
--- | --- | ---
Sep. 30, 2020 | Sep. 30, 2019 | Sep. 30, 2020 | Sep. 30, 2019
Change in accumulated other comprehensive income (loss) rollforward |  |  |  |
Balances |  |  | $ 14,618.0 |
Balances | $ 15,650.9 |  | 15,650.9 |
Change in redeemable noncontrolling interest rollforward |  |  |  |
Redeemable noncontrolling interest, balance at beginning of period | 272.7 | $ 304.5 | 264.9 | $ 391.2
Net income (loss) attributable to redeemable noncontrolling interest | (1.5) | 2.6 | (9.5) | 26.9
Redeemable noncontrolling interest of deconsolidated entities | (47.3) |  | (47.3) | (370.0)
Contributions from redeemable noncontrolling interest | 49.7 | 75.7 | 124.3 | 373.4
Distributions to redeemable noncontrolling interest | (6.0) | (10.6) | (53.8) | (56.7)
Purchase of subsidiary shares from redeemable noncontrolling interest |  | (1.1) |  | (1.1)
Change in redemption value of redeemable noncontrolling interest | 1.7 | (0.4) | (0.2) | 1.3
Stock-based compensation attributable to redeemable noncontrolling interest | 0.1 |  | 0.1 | 0.1
Other comprehensive income (loss) attributable to redeemable noncontrolling interest | 9.1 | (1.4) |  | 4.2
Redeemable noncontrolling interest, balance at end of period | 278.5 | 369.3 | 278.5 | 369.3
Accumulated other comprehensive income (loss) |  |  |  |
Change in accumulated other comprehensive income (loss) rollforward |  |  |  |
Balances | 1,450.7 | 647.7 | 1,037.9 | (1,565.1)
Other comprehensive income (loss) during the period, net of adjustments | 283.1 | 646.2 | 702.1 | 2,801.6
Amounts reclassified from accumulated other comprehensive income (loss) | 13.3 | 13.2 | 7.1 | 70.6
Other comprehensive income (loss) attributable to Principal Financial Group, Inc. | 296.4 | 659.4 | 709.2 | 2,872.2
Balances | 1,747.1 | 1,307.1 | 1,747.1 | 1,307.1
Net unrealized gains (losses) on available-for-sale securities |  |  |  |
Change in accumulated other comprehensive income (loss) rollforward |  |  |  |
Balances | 3,388.2 | 2,279.1 | 2,806.0 | 190.0
Other comprehensive income (loss) during the period, net of adjustments | 224.7 | 784.5 | 894.8 | 2,844.2
Amounts reclassified from accumulated other comprehensive income (loss) | 1.9 | 2.7 | (41.9) | 32.1
Other comprehensive income (loss) attributable to Principal Financial Group, Inc. | 226.6 | 787.2 | 852.9 | 2,876.3
Balances | 3,614.8 | 3,066.3 | 3,614.8 | 3,066.3
Available-for-sale debt securities, allowance for credit losses | 4.0 |  | 4.0 |
Net unrealized gains (losses) on available-for-sale securities | ASU 2016-13 - CECL | Effects of implementation of accounting change |  |  |  |
Change in accumulated other comprehensive income (loss) rollforward |  |  |  |
Balances |  |  | (44.1) |
Noncredit component of impairment losses on fixed maturities available-for-sale |  |  |  |
Change in accumulated other comprehensive income (loss) rollforward |  |  |  |
Balances |  | (49.9) | (44.1) | (47.1)
Amounts reclassified from accumulated other comprehensive income (loss) |  | 4.3 |  | 1.5
Other comprehensive income (loss) attributable to Principal Financial Group, Inc. |  | 4.3 |  | 1.5
Balances |  | (45.6) |  | (45.6)
Noncredit component of impairment losses on fixed maturities available-for-sale | ASU 2016-13 - CECL | Effects of implementation of accounting change |  |  |  |
Change in accumulated other comprehensive income (loss) rollforward |  |  |  |
Balances |  |  | 44.1 |
Net unrealized gains (losses) on derivative instruments |  |  |  |
Change in accumulated other comprehensive income (loss) rollforward |  |  |  |
Balances | 85.6 | 61.5 | 53.4 | 64.4
Other comprehensive income (loss) during the period, net of adjustments | (21.4) | 16.5 | 25.7 | 25.6
Amounts reclassified from accumulated other comprehensive income (loss) | (3.7) | (3.8) | (18.6) | (15.8)
Other comprehensive income (loss) attributable to Principal Financial Group, Inc. | (25.1) | 12.7 | 7.1 | 9.8
Balances | 60.5 | 74.2 | 60.5 | 74.2
Foreign currency translation adjustment |  |  |  |
Change in accumulated other comprehensive income (loss) rollforward |  |  |  |
Balances | (1,608.9) | (1,198.8) | (1,341.8) | (1,259.5)
Other comprehensive income (loss) during the period, net of adjustments | 79.8 | (154.8) | (218.8) | (114.5)
Amounts reclassified from accumulated other comprehensive income (loss) | 4.6 |  | 36.1 | 20.4
Other comprehensive income (loss) attributable to Principal Financial Group, Inc. | 84.4 | (154.8) | (182.7) | (94.1)
Balances | (1,524.5) | (1,353.6) | (1,524.5) | (1,353.6)
Unrecognized postretirement benefit obligation |  |  |  |
Change in accumulated other comprehensive income (loss) rollforward |  |  |  |
Balances | (414.2) | (444.2) | (435.6) | (512.9)
Other comprehensive income (loss) during the period, net of adjustments |  |  | 0.4 | 46.3
Amounts reclassified from accumulated other comprehensive income (loss) | 10.5 | 10.0 | 31.5 | 32.4
Other comprehensive income (loss) attributable to Principal Financial Group, Inc. | 10.5 | 10.0 | 31.9 | 78.7
Balances | $ (403.7) | $ (434.2) | $ (403.7) | $ (434.2)

X
- Definition Represents an increase in redeemable noncontrolling interest from issuance of additional equity interests that occurred during the period. + References No definition available. + Details
Name: | pfg_ContributionsToRedeemableNoncontrollingInterest
Namespace Prefix: | pfg_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | duration

X
- Definition Represents a decrease in redeemable noncontrolling interest from dividends or other distributions paid to redeemable noncontrolling interest holders. + References No definition available. + Details
Name: | pfg_DistributionsToRedeemableNoncontrollingInterest
Namespace Prefix: | pfg_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | duration

X
- Definition A roll forward is a reconciliation of a concept from the beginning of a period to the end of a period. + References No definition available. + Details
Name: | pfg_IncreaseDecreaseInRedeemableNoncontrollingInterestRollForward
Namespace Prefix: | pfg_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Amount of Other Comprehensive Income (Loss) attributable to redeemable noncontrolling interest. + References No definition available. + Details
Name: | pfg_OtherComprehensiveIncomeLossAttributableToRedeemableNoncontrollingInterest
Namespace Prefix: | pfg_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | duration

X
- Definition Represents a decrease in the redeemable noncontrolling interest by purchase of subsidiary shares from redeemable noncontrolling interest holders. + References No definition available. + Details
Name: | pfg_PurchaseOfSubsidiarySharesFromRedeemableNoncontrollingInterest
Namespace Prefix: | pfg_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | duration

X
- Definition Represents an increase (decrease) in redeemable noncontrolling interest during the period as a result of change in the share-based compensation attributable to the redeemable noncontrolling interest. + References No definition available. + Details
Name: | pfg_RedeemableNoncontrollingInterestChangeInShareBasedCompensation
Namespace Prefix: | pfg_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | duration

X
- Definition The amount of the reduction or elimination during the period of a redeemable noncontrolling interest resulting from the parent's loss of control and deconsolidation of the entity in which one or more outside parties had a redeemable noncontrolling interest. + References No definition available. + Details
Name: | pfg_RedeemableNoncontrollingInterestDecreaseFromDeconsolidation
Namespace Prefix: | pfg_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | duration

X
- Definition A roll forward is a reconciliation of a concept from the beginning of a period to the end of a period. + References No definition available. + Details
Name: | us-gaap_AOCIAttributableToParentNetOfTaxRollForward
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Amount, after tax, of accumulated unrealized gain (loss) on investment in debt security measured at fair value with change in fair value recognized in other comprehensive income (available-for-sale) with allowance for credit loss. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 326 -SubTopic 30 -Section 45 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=121558606&loc=SL82922866-210454 + Details
Name: | us-gaap_AociDebtSecuritiesAvailableForSaleWithAllowanceForCreditLossCumulativeGainLossAfterTax
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | instant

X
- Definition Change in noncontrolling interest during the period as a result of a change in the redemption value of redeemable noncontrolling interest. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 480 -SubTopic 10 -Section S99 -Paragraph 3A -Subparagraph 15 -URI http://asc.fasb.org/extlink&oid=65877616&loc=SL6540498-122764 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 480 -SubTopic 10 -Section S99 -Paragraph 3A -Subparagraph 16(c) -URI http://asc.fasb.org/extlink&oid=65877616&loc=SL6540498-122764 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section S99 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=120397183&loc=d3e187085-122770 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 480 -SubTopic 10 -Section S99 -Paragraph 3A -Subparagraph 14 -URI http://asc.fasb.org/extlink&oid=65877616&loc=SL6540498-122764 + Details
Name: | us-gaap_MinorityInterestChangeInRedemptionValue
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | duration

X
- Definition Amount of Net Income (Loss) attributable to redeemable noncontrolling interest. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 220 -SubTopic 10 -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03.19) -URI http://asc.fasb.org/extlink&oid=120395209&loc=SL114868664-224227 + Details
Name: | us-gaap_NetIncomeLossAttributableToRedeemableNoncontrollingInterest
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | duration

X
- Definition Amount after tax, before reclassification adjustments, of other comprehensive income (loss), attributable to parent. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 220 -SubTopic 10 -Section 55 -Paragraph 15 -URI http://asc.fasb.org/extlink&oid=121640130&loc=d3e1436-108581 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 220 -SubTopic 10 -Section 45 -Paragraph 14A -URI http://asc.fasb.org/extlink&oid=121641772&loc=SL7669686-108580 + Details
Name: | us-gaap_OciBeforeReclassificationsNetOfTaxAttributableToParent
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | duration

X
- Definition Amount after tax of other comprehensive income (loss) attributable to parent entity. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 220 -SubTopic 10 -Section 45 -Paragraph 1B -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=121641772&loc=SL7669625-108580 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 810 -SubTopic 10 -Section 50 -Paragraph 1A -Subparagraph (c)(3) -URI http://asc.fasb.org/extlink&oid=109239629&loc=SL4573702-111684 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 810 -SubTopic 10 -Section 45 -Paragraph 20 -URI http://asc.fasb.org/extlink&oid=108774443&loc=SL4569643-111683 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 220 -SubTopic 10 -Section 45 -Paragraph 1A -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=121641772&loc=SL7669619-108580 Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 810 -SubTopic 10 -Section 45 -Paragraph 19 -URI http://asc.fasb.org/extlink&oid=108774443&loc=SL4569616-111683 + Details
Name: | us-gaap_OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | duration

X
- Definition Amount after tax of reclassification adjustments of other comprehensive income (loss) attributable to parent. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 220 -SubTopic 10 -Section 45 -Paragraph 14A -URI http://asc.fasb.org/extlink&oid=121641772&loc=SL7669686-108580 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 220 -SubTopic 10 -Section 55 -Paragraph 15 -URI http://asc.fasb.org/extlink&oid=121640130&loc=d3e1436-108581 + Details
Name: | us-gaap_ReclassificationFromAociCurrentPeriodNetOfTaxAttributableToParent
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | duration

X
- Definition As of the reporting date, the aggregate carrying amount of all noncontrolling interests which are redeemable by the (parent) entity (1) at a fixed or determinable price on a fixed or determinable date, (2) at the option of the holder of the noncontrolling interest, or (3) upon occurrence of an event that is not solely within the control of the (parent) entity. This item includes noncontrolling interest holder's ownership (or holders' ownership) regardless of the type of equity interest (common, preferred, other) including all potential organizational (legal) forms of the investee entity. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 480 -SubTopic 10 -Section S99 -Paragraph 3A -Subparagraph (16)(c) -URI http://asc.fasb.org/extlink&oid=65877616&loc=SL6540498-122764 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 480 -SubTopic 10 -Section S99 -Paragraph 3A -Subparagraph 15 -URI http://asc.fasb.org/extlink&oid=65877616&loc=SL6540498-122764 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 480 -SubTopic 10 -Section S99 -Paragraph 3A -Subparagraph (12)(c) -URI http://asc.fasb.org/extlink&oid=65877616&loc=SL6540498-122764 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 480 -SubTopic 10 -Section S99 -Paragraph 3A -Subparagraph 14 -URI http://asc.fasb.org/extlink&oid=65877616&loc=SL6540498-122764 + Details
Name: | us-gaap_RedeemableNoncontrollingInterestEquityCarryingAmount
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | instant

X
- Definition Total of all stockholders' equity (deficit) items, net of receivables from officers, directors, owners, and affiliates of the entity which are attributable to the parent. The amount of the economic entity's stockholders' equity attributable to the parent excludes the amount of stockholders' equity which is allocable to that ownership interest in subsidiary equity which is not attributable to the parent (noncontrolling interest, minority interest). This excludes temporary equity and is sometimes called permanent equity. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.4-08(g)(1)(ii)) -URI http://asc.fasb.org/extlink&oid=120395691&loc=d3e23780-122690 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 310 -SubTopic 10 -Section S99 -Paragraph 2 -Subparagraph (SAB Topic 4.E) -URI http://asc.fasb.org/extlink&oid=27010918&loc=d3e74512-122707 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(31)) -URI http://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(29)) -URI http://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682 Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(30)) -URI http://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682 Reference 6: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 825 -SubTopic 10 -Section 50 -Paragraph 28 -Subparagraph (f) -URI http://asc.fasb.org/extlink&oid=75031198&loc=d3e14064-108612 Reference 7: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 323 -SubTopic 10 -Section 50 -Paragraph 3 -Subparagraph (c) -URI http://asc.fasb.org/extlink&oid=114001798&loc=d3e33918-111571 + Details
Name: | us-gaap_StockholdersEquity
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | instant

X
- Details
Name: | us-gaap_StatementEquityComponentsAxis=us-gaap_AccumulatedOtherComprehensiveIncomeMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_StatementEquityComponentsAxis=us-gaap_AccumulatedNetUnrealizedInvestmentGainLossMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_AdjustmentsForNewAccountingPronouncementsAxis=us-gaap_AccountingStandardsUpdate201613Member
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | srt_CumulativeEffectPeriodOfAdoptionAxis=srt_CumulativeEffectPeriodOfAdoptionAdjustmentMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_StatementEquityComponentsAxis=pfg_AccumulatedNoncreditOtherThanTemporaryImpairmentMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_StatementEquityComponentsAxis=us-gaap_AccumulatedGainLossNetCashFlowHedgeParentMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_StatementEquityComponentsAxis=us-gaap_AccumulatedTranslationAdjustmentMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_StatementEquityComponentsAxis=us-gaap_AccumulatedDefinedBenefitPlansAdjustmentMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |