AIG 2015 Annual Report Download - page 310

ITEM 8 / NOTE 15. CONTINGENCIES, COMMITMENTS AND GUARANTEES
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Asset Dispositions
General
We are subject to financial guarantees and indemnity arrangements in connection with the completed sales of businesses
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 provided 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 payout under certain of these arrangements.
Overall, we believe that it is unlikely we will have to make any material payments related to completed sales under these
arrangements, and no material liabilities related to these arrangements have been recorded in the Consolidated Balance
Sheets.
Other
 See Note 9 to the Consolidated Financial Statements for additional discussion on commitments and guarantees
associated with VIEs.
 See Note 10 to the Consolidated Financial Statements for additional disclosures about derivatives.
 See Note 24 to the Consolidated Financial Statements for additional disclosures about guarantees of outstanding debt.
16. EQUITY
Shares Outstanding
The following table presents a rollforward of outstanding shares:
Common Treasury Common Stock
Stock Issued Stock Outstanding
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
Year Ended December 31, 2015
Shares, beginning of year 1,906,671,492 (530,744,521) 1,375,926,971
Shares issued - 371,806 371,806
Shares repurchased - (182,382,160) (182,382,160)
Shares, end of year 1,906,671,492 (712,754,875) 1,193,916,617