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Long-Term Debt | 3 Months Ended
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Mar. 31, 2014
Debt Disclosure [Abstract] |
Long-Term Debt | Long-Term Debt The carrying value of long-term debt consisted of the following (in millions):
| March 31, 2014 |  | December 31, 2013
Direct obligations of AFG: |  |  |
9-7/8% Senior Notes due June 2019 | $ | 350 |  |  | $ | 350 |
6-3/8% Senior Notes due June 2042 | 230 |  |  | 230 |
5-3/4% Senior Notes due August 2042 | 125 |  |  | 125 |
7% Senior Notes due September 2050 | 132 |  |  | 132 |
Other | 3 |  |  | 3 |
| 840 |  |  | 840 |
Subsidiaries: |  |  |
Notes payable secured by real estate due 2014 through 2016 | 61 |  |  | 61 |
National Interstate bank credit facility | 12 |  |  | 12 |
| 73 |  |  | 73 |
| $ | 913 |  |  | $ | 913 |
Scheduled principal payments on debt for the balance of 2014 and the subsequent five years were as follows: 2014 — $2 million; 2015 — $14 million; 2016 — $45 million; 2017 — $12 million; 2018 — none and 2019 — $350 million. As shown below (in millions), the majority of AFG’s long-term debt is unsecured obligations of the holding company and its subsidiaries:
| March 31, 2014 |  | December 31, 2013
Unsecured obligations | $ | 852 |  |  | $ | 852 |
Obligations secured by real estate | 61 |  |  | 61 |
| $ | 913 |  |  | $ | 913 |
AFG can borrow up to $500 million under its revolving credit facility which expires in December 2016. Amounts borrowed under this agreement bear interest at rates ranging from 1.00% to 1.875% (currently 1.375%) over LIBOR based on AFG’s credit rating. No amounts were borrowed under this facility at March 31, 2014 or December 31, 2013. National Interstate can borrow up to $100 million under its unsecured credit agreement, which expires in November 2017. At March 31, 2014, there was $12 million outstanding under this agreement, bearing interest at 1.07% (two-month LIBOR plus 0.875%).

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- Definition The entire disclosure for long-term debt. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 02 -Paragraph 22 -Article 5 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.22) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 + Details
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