AIG 2012 Annual Report Download - page 306

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(c) Excludes $24.3 billion of debt for ILFC at December 31, 2012 which has been reclassified to Liabilities of businesses held for sale.
(d) At December 31, 2012 and 2011, includes debt of consolidated investments held through AIG Global Real Estate Investment Corp., AIG Credit
Corp. and SunAmerica of $1.5 billion, $176 million and $133 million and $1.5 billion, $233 million and $91 million, respectively.
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 $1.8 billion
in borrowings of consolidated investments:
General borrowings:
Notes and bonds payable $ 14,084 $ 1,469 $ 500 $ 999 $ 1,738 $ 1,455 $ 7,923
Subordinated debt 250 – – 250 – – –
Junior subordinated debt 9,416 –––––9,416
Loans and mortgages payable 79 77 –2–– –
SAFG, Inc. notes and bonds payable 298 –––––298
Liabilities connected to trust preferred stock 1,339 –––––1,339
AIG general borrowings $ 25,466 $ 1,546 $ 500 $ 1,251 $ 1,738 $ 1,455 $ 18,976
Borrowings supported by assets:
MIP notes payable 9,296 851 1,613 1,021 1,329 3,971 511
Series AIGFP matched notes and bonds
payable 3,544 3––––3,541
GIAs, at fair value 6,501 380 585 601 321 260 4,354
Notes and bonds payable, at fair value 1,554 366 31 193 329 104 531
Loans and mortgages payable, at fair value –––––– –
AIG borrowings supported by assets 20,895 1,600 2,229 1,815 1,979 4,335 8,937
Other subsidiaries notes, bonds, loans and
mortgages payable 325 43 11 22 3 5 241
Total $ 46,686 $ 3,189 $ 2,740 $ 3,088 $ 3,720 $ 5,795 $ 28,154
Uncollateralized and collateralized notes, bonds, loans and mortgages payable consisted of the following:
AIG general borrowings $ 79 $ – $ 79
Other subsidiaries notes, bonds, loans and mortgages payable*104 221 325
Total $ 183 $ 221 $ 404
* AIG does not guarantee any of these borrowings.
Junior Subordinated Debt
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During 2007 and 2008, we issued an aggregate of $12.5 billion of junior subordinated debentures denominated in
U.S. dollars, British Pounds and Euros in eight series of securities. In November 2011, we exchanged specified
series of our outstanding junior subordinated debentures for newly issued senior notes pursuant to an exchange
offer. In particular,we exchanged (i) $312 million aggregate principal amount of our outstanding Series A-1 Junior
Subordinated Debentures for $256 million aggregate principal amount of our new 6.820% Dollar notes due
November 15, 2037, (ii) £812 million ($1.26 billion at the December 31, 2011 exchange rate) aggregate principal
amount of our outstanding Series A-2 and Series A-8 Junior Subordinated Debentures for £662 million ($1.03 billion
at the December 31, 2011 exchange rate) aggregate principal amount of our new 6.765% Sterling notes due
November 15, 2017 and (iii) e591 million ($766 million at the December 31, 2011 exchange rate) aggregate principal
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AIG 2012 Form 10-K 289
Year Ending
December 31, 2012
(in millions) Total 2013 2014 2015 2016 2017 Thereafter
Uncollateralized Collateralized
At December 31, 2012 Notes/Bonds/Loans Loans and
(in millions) Payable Mortgages Payable Total
ITEM 8 / NOTE 15. DEBT OUTSTANDING