AIG 2010 Annual Report Download - page 321

American International Group, Inc., and Subsidiaries
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
The following table presents maturities of long-term debt (including unamortized original issue discount, hedge
accounting valuation adjustments and fair value adjustments, when applicable), excluding borrowings of
consolidated investments:
At December 31, 2010 Year Ending
(in millions) Total 2011 2012 2013 2014 2015 Thereafter
AIG general borrowings:
FRBNY Credit Facility(a) $ 20,985 $ - $ - $20,985 $ - $ - $ -
Notes and bonds payable 11,511 618 27 1,467 500 998 7,901
Junior subordinated debt 11,740 - - - - - 11,740
Junior subordinated debt attributable to equity units 2,169 - - - - - 2,169
Loans and mortgages payable 218 146 - - - 2 70
SunAmerica Financial Group, Inc. (SAFG, Inc.) notes and
bonds payable 298 - - - - - 298
Liabilities connected to trust preferred stock 1,339 - - - - - 1,339
Total AIG general borrowings 48,260 764 27 22,452 500 1,000 23,517
AIG borrowings supported by assets:
MIP notes payable 11,318 3,073 2,277 869 437 405 4,257
Series AIGFP matched notes and bonds payable 3,981 28 50 3 - - 3,900
GIAs, at fair value 8,212 450 268 310 677 586 5,921
Notes and bonds payable, at fair value 3,253 612 815 171 76 221 1,358
Loans and mortgages payable, at fair value 678 157 224 78 90 - 129
Total AIG borrowings supported by assets 27,442 4,320 3,634 1,431 1,280 1,212 15,565
ILFC(b):
Notes and bonds payable 16,908 4,544 3,571 3,541 1,040 1,260 2,952
Junior subordinated debt 999 - - - - - 999
ECA Facilities(c) 2,778 442 429 429 424 336 718
Bank financings and other secured financings(d) 7,014 249 1,480 16 1,387 760 3,122
Total ILFC 27,699 5,235 5,480 3,986 2,851 2,356 7,791
Other subsidiaries(b) 446 4 3 3 3 21 412
Total $103,847 $10,323 $9,144 $27,872 $4,634 $4,589 $47,285
(a) The FRBNY Credit Facility was fully repaid and terminated in January 2011 in connection with the closing of the Recapitalization.
(b) AIG does not guarantee these borrowings.
(c) Reflects future minimum payment for ILFC’s borrowings under the 1999 and 2004 ECA Facilities
(d) Includes $114 million of secured financings that are non-recourse to ILFC. Prior to April 16, 2010, ILFC had a $2.5 billion five-year
syndicated facility which was scheduled to expire in October 2011. On April 16, 2010, ILFC extended the maturity date of $2.16 billion of its
$2.5 billion revolving credit facility from October 2011 to October 2012. In December 2010, ILFC paid down $800 million on its revolving
credit facility. The amended facility prohibits ILFC from re-borrowing amounts repaid under this facility for any reason; therefore the size of the
outstanding facility is $1.7 billion.
AIG General Borrowings
(i) FRBNY Credit Facility: On September 22, 2008, AIG entered into the $85 billion FRBNY Credit Agreement
and a Guarantee and Pledge Agreement (the Pledge Agreement) with the FRBNY.
AIG 2010 Form 10-K 305