XML 58 R36.htm IDEA: XBRL DOCUMENT
v3.22.0.1

Leases Leases (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2021
Leases [Abstract] |
Disclosure of supplemental Balance Sheet information related to leases | AFG’s operating lease right-of-use asset (net of deferred rent and lease incentives) and operating lease liability are included in other assets and other liabilities, respectively, in AFG’s Balance Sheet at December 31 and are presented in the following table (in millions):
| 2021 |  | 2020
Right-of-use asset (*) | $ | 118 |  |  | $ | 139 |
Lease liability | 136 |  |  | 159 |
(*)Net of deferred rent and lease incentives of $18 million at December 31, 2021 and $20 million at December 31, 2020.
Lease activity | The following table details AFG’s lease activity for the years ended December 31, 2021, 2020 and 2019 (in millions):
| 2021 |  | 2020 |  | 2019
Lease expense: |  |  |  |  |
Operating leases | $ | 41 |  |  | $ | 47 |  |  | $ | 46 |
Short-term leases | — |  |  | — |  |  | 1 |
Total lease expense included in other expenses | 41 |  |  | 47 |  |  | 47 |
Sublease income (*) | (2) |  |  | — |  |  | — |
Total lease expense, net of sublease income | $ | 39 |  |  | $ | 47 |  |  | $ | 47 |
(*)Sublease income consists of rent from third parties of office space and is included in other income in AFG’s Consolidated Statement of Earnings.
Other operating lease liability information | Other operating lease information for the years ended December 31, 2021, 2020 and 2019 (in millions):
| 2021 |  | 2020 |  | 2019
Cash paid for lease liabilities reported in operating cash flows | $ | 43 |  |  | $ | 50 |  |  | $ | 49 |
Right-of-use assets obtained under new leases | 10 |  |  | 25 |  |  | 19 |
Undiscounted contractual maturities of operating lease liabilities | The following table presents the undiscounted contractual maturities of AFG’s operating lease liability at December 31, 2021 (in millions):
Operating lease payments: |
2022 | $ | 38 |
2023 | 32 |
2024 | 26 |
2025 | 22 |
2026 | 18 |
Thereafter | 13 |
Total lease payments | 149 |
Impact of discounting | (13) |
Operating lease liability | $ | 136 |
Schedule of weighted-average remaining lease term and weighted-average discount rate |
Weighted-average remaining lease term | 5.1 years
Weighted-average discount rate | 3.7 | %

X
- Definition Tabular disclosure of supplemental balance sheet information related to leases + References No definition available. + Details
Name: | afg_DisclosureOfSupplementalBalanceSheetInformationRelatedToLeasesTableTextBlock
Namespace Prefix: | afg_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of other operating lease liability information + References No definition available. + Details
Name: | afg_LesseeOperatingLeaseLiabilityOtherLeaseInformationTableTextBlock
Namespace Prefix: | afg_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the weighted-average remaining lease term and weighted-average discount rate + References No definition available. + Details
Name: | afg_ScheduleofWeightedAverageRemainingLeaseTermandWeightedAverageDiscountRateTableTextBlock
Namespace Prefix: | afg_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of lessee's lease cost. Includes, but is not limited to, interest expense for finance lease, amortization of right-of-use asset for finance lease, operating lease cost, short-term lease cost, variable lease cost and sublease income. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 842 -SubTopic 20 -Section 50 -Paragraph 4 -URI http://asc.fasb.org/extlink&oid=123408670&loc=SL77918686-209980 + Details
Name: | us-gaap_LeaseCostTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_LeasesAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of undiscounted cash flows of lessee's operating lease liability. Includes, but is not limited to, reconciliation of undiscounted cash flows to operating lease liability recognized in statement of financial position. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 842 -SubTopic 20 -Section 50 -Paragraph 6 -URI http://asc.fasb.org/extlink&oid=123408670&loc=SL77918701-209980 + Details
Name: | us-gaap_LesseeOperatingLeaseLiabilityMaturityTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration