AIG 2011 Annual Report Download - page 377

American International Group, Inc.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
American
International Reclassifications
Group, Inc. Other and Consolidated
(in millions) (As Guarantor) SAFG, Inc. Subsidiaries Eliminations AIG
December 31, 2010
Assets:
Short-term investments $ 5,602 $ - $ 39,907 $ (1,771) $ 43,738
Other investments(a) 5,852 - 486,494 (125,672) 366,674
Total investments 11,454 - 526,401 (127,443) 410,412
Cash 49 - 1,509 - 1,558
Loans to subsidiaries(b) 61,630 - (61,630) - -
Debt issuance costs, including prepaid
commitment fee asset of $3,628 3,838 - 241 - 4,079
Investment in consolidated subsidiaries(b) 93,511 33,354 (6,788) (120,077) -
Other assets, including current and deferred
income taxes 7,852 2,717 150,157 (785) 159,941
Assets held for sale - - 107,453 - 107,453
Total assets $ 178,334 $ 36,071 $ 717,343 $ (248,305) $ 683,443
Liabilities:
Insurance liabilities $ - $ - $ 274,590 $ (237) $ 274,353
Federal Reserve Bank of New York credit
facility 20,985 - - - 20,985
Other long-term debt 40,443 1,637 167,532 (124,136) 85,476
Other liabilities, including intercompany
balances(a)(c) 31,586 4,414 59,354 (3,710) 91,644
Loans from subsidiaries(b) 1 379 (380) - -
Liabilities held for sale - - 97,300 12 97,312
Total liabilities 93,015 6,430 598,396 (128,071) 569,770
Redeemable noncontrolling nonvoting, callable,
junior preferred interests - - 207 227 434
Total AIG shareholders’ equity 85,319 29,641 117,641 (147,282) 85,319
Noncontrolling interests:
Nonvoting, callable, junior and senior
preferred interests held by Federal Reserve
Bank of New York - - - 26,358 26,358
Other - - 1,099 463 1,562
Total noncontrolling interests - - 1,099 26,821 27,920
Total equity 85,319 29,641 118,740 (120,461) 113,239
Total liabilities and equity $ 178,334 $ 36,071 $ 717,343 $ (248,305) $ 683,443
(a) Includes intercompany derivative asset positions, which are reported at fair value before credit valuation adjustment.
(b) Eliminated in consolidation.
(c) For December 31, 2011 and December 31, 2010, includes intercompany tax payable of $9.8 billion and $28.1 billion, respectively, and
intercompany derivative liabilities of $901 million and $150 million, respectively, for American International Group, Inc. (As Guarantor) and
intercompany tax receivable of $128 million and $152 million, respectively, for SAFG, Inc.
AIG 2011 Form 10-K 363
CONDENSED CONSOLIDATING BALANCE SHEET (Continued)