AIG 2011 Annual Report Download - page 266

American International Group, Inc.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
The following table presents information about assets and liabilities measured at fair value on a recurring basis
and indicates the level of the fair value measurement based on the levels of the inputs used:
December 31, 2011 Counterparty Cash
(in millions) Level 1 Level 2 Level 3 Netting(a) Collateral(b) Total
Assets:
Bonds available for sale:
U.S. government and government sponsored entities $ 174 $ 5,904 $ - $ - $ - $ 6,078
Obligations of states, municipalities and political subdivisions - 36,538 960 - - 37,498
Non-U.S. governments 259 25,467 9 - - 25,735
Corporate debt - 142,883 1,935 - - 144,818
RMBS - 23,727 10,877 - - 34,604
CMBS - 3,991 3,955 - - 7,946
CDO/ABS - 3,082 4,220 - - 7,302
Total bonds available for sale 433 241,592 21,956 - - 263,981
Bond trading securities:
U.S. government and government sponsored entities 100 7,404 - - - 7,504
Obligations of states, municipalities and political subdivisions - 257 - - - 257
Non-U.S. governments -35 - - -35
Corporate debt - 809 7 - - 816
RMBS - 1,345 303 - - 1,648
CMBS - 1,283 554 - - 1,837
CDO/ABS - 3,835 8,432 - - 12,267
Total bond trading securities 100 14,968 9,296 - - 24,364
Equity securities available for sale:
Common stock 3,294 70 57 - - 3,421
Preferred stock - 44 99 - - 143
Mutual funds 55 5 - - - 60
Total equity securities available for sale 3,349 119 156 - - 3,624
Equity securities trading 43 82 - - - 125
Mortgage and other loans receivable - 106 1 - - 107
Other invested assets(c) 12,549 1,709 6,618 - - 20,876
Derivative assets:
Interest rate contracts 2 7,251 1,033 - - 8,286
Foreign exchange contracts - 143 2 - - 145
Equity contracts 92 133 38 - - 263
Commodity contracts - 134 2 - - 136
Credit contracts - - 89 - - 89
Other contracts 29 462 250 - - 741
Counterparty netting and cash collateral - - - (3,660) (1,501) (5,161)
Total derivative assets 123 8,123 1,414 (3,660) (1,501) 4,499
Short-term investments(d) 2,309 3,604 - - - 5,913
Separate account assets 48,502 2,886 - - - 51,388
Total $ 67,408 $ 273,189 $ 39,441 $ (3,660) $ (1,501) $ 374,877
Liabilities:
Policyholder contract deposits $ - $ - $ 918 $ - $ - $ 918
Derivative liabilities:
Interest rate contracts - 6,661 248 - - 6,909
Foreign exchange contracts - 178 - - - 178
Equity contracts - 198 10 - - 208
Commodity contracts - 146 - - - 146
Credit contracts(e) - 4 3,362 - - 3,366
Other contracts - 155 217 - - 372
Counterparty netting and cash collateral - - - (3,660) (2,786) (6,446)
Total derivative liabilities - 7,342 3,837 (3,660) (2,786) 4,733
Other long-term debt(f) - 10,258 508 - - 10,766
Other liabilities(g) 193 714 - - - 907
Total $ 193 $ 18,314 $ 5,263 $ (3,660) $ (2,786) $ 17,324
252 AIG 2011 Form 10-K
ASSETS AND LIABILITIES MEASURED AT FAIR VALUE ON A RECURRING
BASIS