AIG 2011 Annual Report Download - page 146

The following table provides the rollforward of AIG’s total debt outstanding:
Balance at Maturities Effect of Balance at
Year Ended December 31, 2011 December 31, and Foreign Other December 31,
(in millions) 2010 Issuances Repayments Exchange Changes 2011
Debt issued or guaranteed by AIG:
General borrowings:
FRBNY Credit Facility $ 20,985 $ - $ (20,985)(a) $-$-$-
Notes and bonds payable 11,511 - (642) (52) 1,908(b) 12,725
Junior subordinated debt 11,740 - - (23) (2,390)(c) 9,327
Junior subordinated debt attributable to
equity units 2,169 - (2,169)(d) -- -
Loans and mortgages payable 218 154 (155) 14 3 234
SunAmerica Financial Group, Inc.
(SAFG, Inc.) notes and bonds payable 298 - - - - 298
Liabilities connected to trust preferred
stock 1,339 - - - - 1,339
Total general borrowings 48,260 154 (23,951) (61) (479) 23,923
Borrowings supported by assets:
MIP notes payable 11,318 1,985 (3,200) 174 (130) 10,147
Series AIGFP matched notes and bonds
payable 3,981 - (151) - (23) 3,807
GIAs, at fair value 8,212 655 (1,791) - 888(e) 7,964
Notes and bonds payable, at fair value 3,253 40 (1,052) - 75(e) 2,316
Loans and mortgages payable, at fair value 678 - (193) - 1(e) 486
Total borrowings supported by assets 27,442 2,680 (6,387) 174 811 24,720
Total debt issued or guaranteed by AIG 75,702 2,834 (30,338) 113 332 48,643
Debt not guaranteed by AIG:
ILFC:
Notes and bonds payable, ECA facility,
bank financings and other secured
financings(f) 26,700 4,572 (8,324) 105 312(g) 23,365
Junior subordinated debt 999 - - - - 999
Total ILFC debt 27,699 4,572 (8,324) 105 312 24,364
Other subsidiaries notes, bonds, loans and
mortgages payable 446 - (70) 16 1 393
Debt of consolidated investments(h) 2,614 356 (481) (3) (633) 1,853
Total debt not guaranteed by AIG 30,759 4,928 (8,875) 118 (320) 26,610
Total debt $ 106,461 $ 7,762 $ (39,213) $ 231 $ 12 $ 75,253
(a) Terminated on January 14, 2011 in connection with the Recapitalization. Includes $6.4 billion of paid in-kind interest and fees. See Note 1 to
the Consolidated Financial Statements.
(b) Includes $1.8 billion in new senior unsecured notes issued in exchange for junior subordinated debentures and a $65 million deferred gain on
the exchange of the Series A-1 Junior Subordinated Debentures, which will be amortized as a reduction of future interest expense. See Note 15
to the Consolidated Financial Statements for a discussion of the junior subordinated debt exchange offer.
(c) See Note 15 to the Consolidated Financial Statements for a discussion of the junior subordinated debt exchange offer.
(d) Represents remarketing of debentures related to Equity Units.
(e) Primarily represents adjustments to the fair value of debt.
(f) Includes $9.8 billion of secured financings, of which $97 million are non-recourse to ILFC.
(g) Primarily represents debt assumed related to the acquisition of AeroTurbine.
(h) At December 31, 2011, includes debt of consolidated investments held through AIG Global Real Estate Investment Corp., AIG Credit Corp.
and SunAmerica of $1.5 billion, $233 million and $91 million, respectively.
132 AIG 2011 Form 10-K