AIG 2011 Annual Report Download - page 349

American International Group, Inc.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
The following table presents a rollforward of non-controlling interests:
Redeemable
Noncontrolling interests Non-redeemable
Noncontrolling interests
Held by
Department Held by
(in millions) of Treasury Other Total FRBNY Other Total
Year Ended December 31, 2011
Balance, beginning of year $ - $ 434 $ 434 $ 26,358 $ 1,562 $ 27,920
Repurchase of SPV preferred interests in connection with
Recapitalization - - - (26,432) - (26,432)
Exchange of consideration for preferred stock in connection
with Recapitalization 20,292 - 20,292 - - -
Repayment to Department of the Treasury (12,425) - (12,425) - - -
Net distributions - (21) (21) - (8) (8)
Consolidation (deconsolidation) - (307) (307) - (123) (123)
Acquisition of noncontrolling interest - - - - (489) (489)
Comprehensive income:
Net income (loss) 560 (8) 552 74 82 156
Accumulated other comprehensive loss, net of tax:
Unrealized losses on investments - (2) (2) - (155) (155)
Foreign currency translation adjustments - - - - 36 36
Total accumulated other comprehensive loss, net of tax - (2) (2) - (119) (119)
Total comprehensive income (loss) 560 (10) 550 74 (37) 37
Other - - - - (50) (50)
Balance, end of year $ 8,427 $ 96 $ 8,523 $ - $ 855 $ 855
Year Ended December 31, 2010
Balance, beginning of year $ - $ 959 $ 959 $ 24,540 $ 3,712 $ 28,252
Net contributions - 469 469 - 78 78
Consolidation (deconsolidation) - 265 265 - (2,740) (2,740)
Comprehensive income:
Net income - 73 73 1,818 336 2,154
Accumulated other comprehensive income, net of tax:
Unrealized gains on investments - 7 7 - 93 93
Foreign currency translation adjustments - (2) (2) - 83 83
Total accumulated other comprehensive income, net of
tax - 5 5 - 176 176
Total comprehensive income - 78 78 1,818 512 2,330
Deconsolidation of AIA - (1,337) (1,337) - - -
Other
Balance, end of year $ - $ 434 $ 434 $ 26,358 $ 1,562 $ 27,920
AIG 2011 Form 10-K 335