AIG 2009 Annual Report Download - page 347

American International Group, Inc., and Subsidiaries
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
Condensed Consolidating Balance Sheet
American
International
Group, Inc. Other Consolidated
(in millions) (As Guarantor) AIGLH(a) Subsidiaries Eliminations AIG
December 31, 2009
Assets:
Investments(a) $ 10,702 $ - $ 736,977 $(146,514) $ 601,165
Cash 57 2 4,341 - 4,400
Loans to subsidiaries(b) 72,926 - (72,926) - -
Debt issuance costs, including prepaid commitment asset of $7,099 7,383 - 159 - 7,542
Investment in consolidated subsidiaries(b) 71,419 28,580 (980) (99,019) -
Other assets, including current and deferred income taxes 10,986 2,618 164,670 (175) 178,099
Assets of businesses held for sale - - 56,379 - 56,379
Total assets $ 173,473 $ 31,200 $ 888,620 $(245,708) $ 847,585
Liabilities:
Insurance liabilities $ - $ - $ 461,706 $ (409) $ 461,297
Federal Reserve Bank of New York Commercial Paper Funding Facility - - 4,739 - 4,739
Federal Reserve Bank of New York credit facility 23,435 - - - 23,435
Other debt 45,435 2,097 210,513 (144,747) 113,298
Other liabilities, including intercompany balances(a)(d) 34,779 4,209 60,134 (1,940) 97,182
Liabilities of businesses held for sale - - 48,599 - 48,599
Total liabilities 103,649 6,306 785,691 (147,096) 748,550
Redeemable noncontrolling interests in partially owned consolidated
subsidiaries - - 177 782 959
Total AIG shareholders’ equity 69,824 24,894 83,303 (108,197) 69,824
Noncontrolling interests:
Noncontrolling nonvoting, callable, junior and senior preferred interest
held by Federal Reserve Bank of New York - - 15,596 8,944 24,540
Other (including $2.2 billion associated with businesses held for sale in
2009) - - 3,853 (141) 3,712
Total noncontrolling interests - - 19,449 8,803 28,252
Total equity 69,824 24,894 102,752 (99,394) 98,076
Total liabilities and equity $ 173,473 $ 31,200 $ 888,620 $(245,708) $ 847,585
December 31, 2008
Assets:
Investments(a) $ 16,110 $ - $ 753,181 $(132,379) $ 636,912
Cash 103 - 8,539 - 8,642
Loans to subsidiaries(b) 64,283 - (64,283) - -
Debt issuance costs, including prepaid commitment asset of $15,458 15,743 - 172 - 15,915
Investment in consolidated subsidiaries(b) 65,724 23,256 34,499 (123,479) -
Other assets 11,707 2,626 184,923 (307) 198,949
Total assets $ 173,670 $ 25,882 $ 917,031 $(256,165) $ 860,418
Liabilities:
Insurance liabilities $ - $ - $ 503,171 $ (103) $ 503,068
Federal Reserve Bank of New York Commercial Paper Funding Facility - - 15,105 - 15,105
Federal Reserve Bank of New York credit facility 40,431 - - - 40,431
Other debt 47,928 2,097 219,596 (131,954) 137,667
Other liabilities, including intercompany balances(a)(b) 32,601 3,063 64,804 953 101,421
Total liabilities 120,960 5,160 802,676 (131,104) 797,692
Redeemable noncontrolling interests in partially owned consolidated
subsidiaries - - 1,921 - 1,921
Total AIG shareholders’ equity 52,710 20,722 103,489 (124,211) 52,710
Noncontrolling interests - - 8,945 (850) 8,095
Total equity 52,710 20,722 112,434 (125,061) 60,805
Total liabilities and equity $ 173,670 $ 25,882 $ 917,031 $(256,165) $ 860,418
(a) Certain reclassifications have been made to prior period amounts to conform to the current period presentation.
(b) Includes intercompany derivative positions, which are reported at fair value before credit valuation adjustment.
(c) Eliminated in consolidation.
(d) For 2009 and 2008, includes intercompany tax payable of $28.7 billion and $26.4 billion, respectively, for American International Group, Inc. (As Guarantor) and $266
million and $255 million, respectively, for AIGLH.
339 AIG 2009 Form 10-K