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Long-Term Debt (Tables) | 3 Months Ended
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Mar. 31, 2022
Debt Disclosure [Abstract] |
Schedule of long-term debt instruments | Long-term debt consisted of the following (in millions):
| March 31, 2022 |  | December 31, 2021
| Principal |  | Discount and Issue Costs |  | Carrying Value |  | Principal |  | Discount and Issue Costs |  | Carrying Value
Direct Senior Obligations of AFG: |  |  |  |  |  |  |  |  |  |  |
4.50% Senior Notes due June 2047 | $ | 590 |  |  | $ | (2) |  |  | $ | 588 |  |  | $ | 590 |  |  | $ | (2) |  |  | $ | 588 |
3.50% Senior Notes due August 2026 (*) | 377 |  |  | (2) |  |  | 375 |  |  | 425 |  |  | (3) |  |  | 422 |
5.25% Senior Notes due April 2030 | 300 |  |  | (5) |  |  | 295 |  |  | 300 |  |  | (5) |  |  | 295 |
Other | 3 |  |  | — |  |  | 3 |  |  | 3 |  |  | — |  |  | 3 |
| 1,270 |  |  | (9) |  |  | 1,261 |  |  | 1,318 |  |  | (10) |  |  | 1,308 |
Direct Subordinated Obligations of AFG: |  |  |  |  |  |  |  |  |  |  |
4.50% Subordinated Debentures due September 2060 | 200 |  |  | (5) |  |  | 195 |  |  | 200 |  |  | (5) |  |  | 195 |
5.125% Subordinated Debentures due December 2059 | 200 |  |  | (6) |  |  | 194 |  |  | 200 |  |  | (6) |  |  | 194 |
5.625% Subordinated Debentures due June 2060 | 150 |  |  | (4) |  |  | 146 |  |  | 150 |  |  | (4) |  |  | 146 |
5.875% Subordinated Debentures due March 2059 | 125 |  |  | (4) |  |  | 121 |  |  | 125 |  |  | (4) |  |  | 121 |
| 675 |  |  | (19) |  |  | 656 |  |  | 675 |  |  | (19) |  |  | 656 |
| $ | 1,945 |  |  | $ | (28) |  |  | $ | 1,917 |  |  | $ | 1,993 |  |  | $ | (29) |  |  | $ | 1,964 |
(*)See Note N — “Subsequent Events” to the financial statements.

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