AIG 2011 Annual Report Download - page 145

Debt
Debt Maturities
The following table summarizes maturing debt at December 31, 2011 of AIG and its subsidiaries for the next four
quarters:
First Second Third Fourth
Quarter Quarter Quarter Quarter
(in millions) 2012 2012 2012 2012 Total
ILFC $ 1,032 $ 620 $ 780 $ 591 $ 3,023
Borrowings supported by assets (DIB) 1,347 2,007 234 169 3,757
General borrowings 27 - - 156 183
Other 111 -3
Total $ 2,407 $ 2,628 $ 1,015 $ 916 $ 6,966
AIG’s plans for meeting these maturing obligations are as follows:
• ILFC’s sources of liquidity available to meet these needs include existing cash and short-term investments of
$2.0 billion, future cash flows from operations, debt issuances and aircraft sales, subject to market and other
conditions. See Liquidity of Parent and Subsidiaries — Aircraft Leasing. Additionally, at December 31, 2011,
ILFC had $2.0 billion available under its unsecured three-year revolving credit facility. AIG expects that
ILFC will refinance its existing debt or issue additional debt as necessary to meet its maturing debt
obligations.
• AIG borrowings supported by assets consist of debt under the MIP as well as AIGFP debt included in the
DIB. Mismatches in the timing of cash inflows on the assets and outflows with respect to the liabilities may
require assets to be sold or AIG to access the capital markets to satisfy maturing liabilities. Depending on
market conditions and the ability to sell assets at that time, proceeds from sales may not be sufficient to
satisfy the full amount due on maturing liabilities. Any shortfalls would need to be funded by AIG Parent.
At December 31, 2011, all of the debt maturities in the DIB through December 31, 2012 are supported by
short-term investments and maturing investments.
AIG 2011 Form 10-K 131