AIG 2010 Annual Report Download - page 381

American International Group, Inc., and Subsidiaries
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
American
International Reclassifications
Group, Inc. Other and Consolidated
(in millions) (As Guarantor) SAFG, Inc.(a) Subsidiaries Eliminations AIG
December 31, 2009
Assets:
Short-term investments(a) $ 1,311 $ - $ 45,996 $ (44) $ 47,263
Other investments 9,391 - 690,981 (146,470) 553,902
Total investments 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 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 long-term debt 45,436 2,097 210,512 (144,747) 113,298
Other liabilities, including intercompany balances(a)(c) 34,778 4,209 60,135 (1,940) 97,182
Liabilities 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 (including $211 associated with
businesses held for sale) - - 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
(a) Includes intercompany derivative positions, which are reported at fair value before credit valuation adjustment.
(b) Eliminated in consolidation.
(c) For December 31, 2010 and December 31, 2009, includes intercompany tax payable of $28.1 billion and $28.7 billion, respectively, for
American International Group, Inc. (As Guarantor) and intercompany tax receivable of $152 million and $45 million, respectively, for
SAFG, Inc.
AIG 2010 Form 10-K 365