AIG 2010 Annual Report Download - page 275

American International Group, Inc., and Subsidiaries
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
Income (Loss), during 2010 and 2009 related to the Level 3 assets and liabilities that remained on the
Consolidated Balance Sheet at December 31, 2010 and 2009:
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
December 31, 2010 Beginning Included Comprehensive Issuances and Net Discontinued Held End Held
(in millions) of year(a) in Income(b) Income Settlements-Net(c) Transfers Operations for Sale(d) of year at End of year
Assets:
Bonds available for sale:
Obligations of states,
municipalities and
political subdivisions $ 613 $ (59) $ 5 $ (121) $ 171 $ 7 $ (7) $ 609 $ -
Non-U.S. governments 753 - 3 29 (39) (19) (722) 5 -
Corporate debt 4,791 (44) 122 (322) (1,813) (181) (291) 2,262 -
RMBS 6,654 (700) 1,847 (2,497) 1,106 134 (177) 6,367 -
CMBS 4,939 (801) 2,055 (668) 146 783 (2,850) 3,604 -
CDO/ABS 4,724 110 605 (667) (19) (152) (360) 4,241 -
Total bonds available for
sale 22,474 (1,494) 4,637 (4,246) (448) 572 (4,407) 17,088 -
Bond trading securities:
U.S. government and
government
sponsored entities 16 - - - - (16) - - -
Non-U.S. governments 56 - - (32) (11) (6) (7) - -
Corporate debt 121 (3) - (7) - (1) (110) - (6)
RMBS 4 (24) - (7) 118 69 (69) 91 (19)
CMBS 325 50 - 19 210 (14) (84) 506 146
CDO/ABS 6,865 2,876 - (144) 4 29 (199) 9,431 1,407
Total bond trading securities 7,387 2,899 - (171) 321 61 (469) 10,028 1,528
Equity securities available
for sale:
Common stock 35 (2) 38 4 (5) - (9) 61 -
Preferred stock 54 (5) 6 8 1 - - 64 -
Mutual funds 6 - 3 11 (2) - (18) - -
Total equity securities
available for sale 95 (7) 47 23 (6) - (27) 125 -
Equity securities trading:
Common stock 1- - ----1 -
Mutual funds 7 - - 1 - (2) (6) - -
Total equity securities
trading 8 - - 1 - (2) (6) 1 -
Other invested assets 6,910 355 149 (1,075) 1,474 346 (745) 7,414 (516)
Other assets 270 - - (270) - - - - -
Separate account assets 1 - - - - - (1) - -
Total $ 37,145 $ 1,753 $ 4,833 $(5,738) $ 1,341 $ 977 $(5,655) $ 34,656 $ 1,012
Liabilities:
Policyholder contract
deposits $ (5,214) $ 175 $ - $ (544) $ - $ (137) $ 5,275 $ (445) $ (609)
Unrealized loss on swaps,
options and forward
transactions, net:
Interest rate contracts (1,469) (20) - 1,230 991 - - 732 (61)
Foreign exchange
contracts 29 7 - (2) - 1 (19) 16 9
Equity contracts 74 (27) - (44) 20 - (1) 22 (4)
Commodity contracts 22 3 - (2) - - - 23 3
Credit contracts (4,545) 880 - (131) (2) - - (3,798) 993
Other contracts (176) (61) - 69 49 (3) 10 (112) (86)
Total unrealized loss on
swaps, options and
forward transactions, net (6,065) 782 - 1,120 1,058 (2) (10) (3,117) 854
Other long-term debt (881) (237) - 743 (607) - - (982) (275)
Total $ (12,160) $ 720 $ - $ 1,319 $ 451 $ (139) $ 5,265 $ (4,544) $ (30)
AIG 2010 Form 10-K 259