AIG 2014 Annual Report Download - page 172

ITEM 7 / LIQUIDITY AND CAPITAL RESOURCES
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Debt
The following table provides the rollforward of AIG’s total debt outstanding:
Balance at Maturities Effect of Balance at
Year Ended December 31, 2014 December 31, and Foreign Other December 31,
(in millions) 2013 Issuances Repayments Exchange Changes 2014
Debt issued or guaranteed by AIG:
AIG general borrowings:
Notes and bonds payable $ 14,062 $ 3,247 $ (1,508) $ (236) $ 5 $15,570
Subordinated debt 250 - - - - 250
Junior subordinated debt 5,533 - (2,986) (81) - 2,466
Loans and mortgages payable 1 - (1) - - -
AIGLH notes and bonds payable 299 - (15) - - 284
AIGLH junior subordinated debt 1,054 - (518) - - 536
Total AIG general borrowings 21,199 3,247 (5,028) (317) 5 19,106
AIG/DIB borrowings supported by assets:(a)
MIP notes payable 7,963 - (4,781) (274) (38) 2,870
Series AIGFP matched notes and bonds payable 3,219 - (2,998) - (187) 34
GIAs, at fair value 5,530 433 (1,675) - 360 (b) 4,648
Notes and bonds payable, at fair value 1,217 30 (338) - (91)(b) 818
Total AIG/DIB borrowings supported by assets 17,929 463 (9,792) (274) 44 8,370
Total debt issued or guaranteed by AIG 39,128 3,710 (14,820) (591) 49 27,476
Debt not guaranteed by AIG:
Other subsidiaries notes, bonds, loans and
mortgages payable 656 24 (167) (5) (450)(c) 58
Debt of consolidated investments(d) 1,909 1,450 (1,160) (1) 1,485 (c) (e) 3,683
Total debt not guaranteed by AIG 2,565 1,474 (1,327) (6) 1,035 3,741
Total debt $ 41,693 $ 5,184 $ (16,147) $ (597) $ 1,084 $31,217
(a) AIG Parent guarantees all DIB debt, except for MIP notes payable and Series AIGFP matched notes and bonds payable, which are direct obligations of AIG
Parent.
(b) Primarily represents adjustments to the fair value of debt.
(c) Reflects debt that has been reclassified from Other subsidiaries notes, bonds, loans and mortgages payable to Debt of consolidated investments.
(d) At December 31, 2014, includes debt of consolidated investments held through AIG Global Real Estate Investment Corp., AIG Credit Corp., AIGLH and AIG
Property Casualty Inc. of $2.0 billion, $54 million, $1.5 billion and $122 million, respectively.
(e) Includes the effect of consolidating previously unconsolidated securitization vehicles.