AIG 2009 Annual Report Download - page 253

American International Group, Inc., and Subsidiaries
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
Changes in Level 3 recurring fair value measurements
The following tables present changes during 2009 and 2008 in Level 3 assets and liabilities measured at fair value on a
recurring basis, and the realized and unrealized gains (losses) recorded in the Consolidated Statement of Income
(Loss), during 2009 and 2008 related to the Level 3 assets and liabilities that remained on the Consolidated Balance
Sheet at December 31, 2009 and 2008:
Net Changes in
Realized and Reclassified Unrealized Gains
Unrealized Accumulated Purchases, to Assets of (Losses) on
Balance Gains (Losses) Other Sales, Activity of Businesses Balance Instruments
Beginning Included Comprehensive Issuances and Discontinued Held End Held
(in millions) of Period(a) in Income(b) Income (Loss) Settlements-Net Transfers(c) Operations for Sale of Period at End of Period
December 31, 2009
Assets:
Bonds available for sale:
U.S. government and government
sponsored entities $2$-$(2)$-$-$-$-$- $-
Obligations of states, municipalities and
political subdivisions 861 (12) (55) 97 (278) - - 613 -
Non-U.S. governments 601 3 36 125 (12) - - 753 -
Corporate debt 5,872 (33) 1,121 (1,122) (1,065) 1 (6) 4,768 -
RMBS 6,108 (1,125) 1,491 (468) 648 - - 6,654 -
CMBS 1,663 (192) 503 (359) 3,319 - - 4,934 -
CDO/ABS 3,284 (656) 1,850 (367) 628 18 (33) 4,724 -
Total bonds available for sale 18,391 (2,015) 4,944 (2,094) 3,240 19 (39) 22,446 -
Bond trading securities:
U.S. government and government
sponsored entities 17 (2) - 1 - - - 16 (1)
Non-U.S. governments - - - 1 55 - - 56 -
Corporate debt 261 15 - (115) 8 16 (64) 121 37
RMBS 8 (3) - (1) - - - 4 15
CMBS 45 (76) - 57 299 - - 325 17
CDO/ABS 6,656 850 - (641) - - - 6,865 1,844
Total bond trading securities 6,987 784 - (698) 362 16 (64) 7,387 1,912
Securities lending invested collateral:
Corporate debt 231 - 5 (308) 95 - - 23 -
RMBS 48 - 5 (27) (26) - - - -
CMBS -- - -5--5 -
CDO/ABS 156 - (24) (132) - - - - -
Total securities lending invested collateral 435 - (14) (467) 74 - - 28 -
Equity securities available for sale:
Common stocks 55 (24) 7 5 (8) - - 35 -
Preferred stocks 54 (11) 6 1 4 - - 54 -
Mutual funds 2-4 ----6 -
Total equity securities available for sale 111 (35) 17 6 (4) - - 95 -
Equity securities trading:
Common stocks 1- - ----1 -
Mutual funds 2 (3) - (3) 11 - - 7 (2)
Total equity securities trading 3 (3) - (3) 11 - - 8 (2)
Other invested assets 11,168 (2,115) (1,480) 771 142 - (1,576) 6,910 (1,737)
Short-term investments - - - 38 (38) - - - -
Other assets 325 (23) - (32) - - - 270 (23)
Separate account assets 830 - - - - 94 (923) 1 -
Total $ 38,250 $ (3,407) $ 3,467 $ (2,479) $ 3,787 $ 129 $ (2,602) $ 37,145 $ 150
245 AIG 2009 Form 10-K