My relationship with my manager was much more of a peer partnership than manager/IC. I let my manager know what I was up to, progress on things, and any challenges that needed help. The latter bucket was usually empty, but occasionally some cross-org priorities need to be clarified and sorted out.
As others have noted, it really varies between companies, but the main difference between Senior/Staff and Principal is that the latter can be a much more "people" oriented role. You still own and carry the technical vision, but you increasingly interact with non-technical people to enable it and to make it happen.