AIG 2014 Annual Report Download - page 310

ITEM 8 / NOTE 16. CONTINGENCIES, COMMITMENTS AND GUARANTEES
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Asset Dispositions
General
We are subject to financial guarantees and indemnity arrangements in connection with the sales of businesses that occurred
pursuant to our asset disposition plan. The various arrangements may be triggered by, among other things, declines in asset
values, the occurrence of specified business contingencies, the realization of contingent liabilities, developments in litigation or
breaches of representations, warranties or covenants made by us. These arrangements are typically subject to various time
limitations, defined by the contract or by operation of law, such as statutes of limitation. In some cases, the maximum potential
obligation is subject to contractual limitations, while in other cases such limitations are not specified or are not applicable.
We are unable to develop a reasonable estimate of the maximum potential liability under certain of these arrangements.
Overall, we believe that it is unlikely we will have to make any material payments related to the sales subject to these
arrangements, and no material liabilities related to these arrangements have been recorded in the Consolidated Balance
Sheets. See Note 4 herein for additional information on sales of businesses and asset dispositions.
Other
• See Note 10 for commitments and guarantees associated with VIEs.
• See Note 11 for disclosures about derivatives.
• See Note 26 for additional disclosures about guarantees of outstanding debt.
17. EQUITY
Shares Outstanding
The following table presents a rollforward of outstanding shares:
Common Treasury Common Stock
Stock Issued Stock Outstanding
Year Ended December 31, 2012
Shares, beginning of year 1,906,568,099 (9,746,617) 1,896,821,482
Issuances 43,581 685,727 729,308
Shares purchased - (421,228,855) (421,228,855)
Shares, end of year 1,906,611,680 (430,289,745) 1,476,321,935
Year Ended December 31, 2013
Shares, beginning of year 1,906,611,680 (430,289,745) 1,476,321,935
Shares issued 34,009 24,778 58,787
Shares repurchased - (12,317,399) (12,317,399)
Shares, end of year 1,906,645,689 (442,582,366) 1,464,063,323
Year Ended December 31, 2014
Shares, beginning of year 1,906,645,689 (442,582,366) 1,464,063,323
Shares issued 25,803 15,748 41,551
Shares repurchased - (88,177,903) (88,177,903)
Shares, end of year 1,906,671,492 (530,744,521) 1,375,926,971