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INFORMATION PROVIDED IN CONNECTION WITH OUTSTANDING DEBT (Tables)
 9 Months Ended
Sep. 30, 2014
INFORMATION PROVIDED IN CONNECTION WITH OUTSTANDING DEBT  
Condensed Consolidating Balance Sheets
American
International Reclassifications
Group, Inc. OtherandConsolidated
(in millions)(As Guarantor)AIGLHSubsidiariesEliminationsAIG
September 30, 2014
Assets:
Short-term investments$ 9,290$ -$ 8,930$ (368)$ 17,852
Other investments(a) 11,785 - 336,797 - 348,582
Total investments 21,075 - 345,727 (368) 366,434
Cash 112 9 1,812 - 1,933
Loans to subsidiaries(b) 33,081 - 630 (33,711) -
Investment in consolidated subsidiaries(b) 67,156 38,647 - (105,803) -
Other assets, including deferred income taxes 23,939 725 138,999 (4,840) 158,823
Total assets$ 145,363$ 39,381$ 487,168$ (144,722)$ 527,190
Liabilities:
Insurance liabilities$ -$ -$ 273,262$ -$ 273,262
Long-term debt 25,613 1,132 9,478 - 36,223
Other liabilities, including intercompany balances(a)(c) 9,852 708 103,401 (5,239) 108,722
Loans from subsidiaries(b) 1,317 - 32,475 (33,792) -
Total liabilities 36,782 1,840 418,616 (39,031) 418,207
Redeemable noncontrolling interests (see Note 12) - - - - -
Total AIG shareholders’ equity 108,581 37,541 68,150 (105,691) 108,581
Non-redeemable noncontrolling interests - - 402 - 402
Total equity 108,581 37,541 68,552 (105,691) 108,983
Total liabilities and equity$ 145,363$ 39,381$ 487,168$ (144,722)$ 527,190
December 31, 2013
Assets:
Short-term investments$ 11,965$ -$ 11,404$ (1,752)$ 21,617
Other investments(a) 7,561 - 327,250 - 334,811
Total investments 19,526 - 338,654 (1,752) 356,428
Cash 30 51 2,160 - 2,241
Loans to subsidiaries(b) 31,220 - 854 (32,074) -
Investment in consolidated subsidiaries(b) 66,201 39,103 - (105,304) -
Other assets, including deferred income taxes 21,606 112 132,492 (1,086) 153,124
Assets held for sale - - 29,536 - 29,536
Total assets$ 138,583$ 39,266$ 503,696$ (140,216)$ 541,329
Liabilities:
Insurance liabilities$ -$ -$ 271,252$ -$ 271,252
Long-term debt 30,839 1,352 9,502 - 41,693
Other liabilities, including intercompany balances(a)(c) 6,422 161 98,908 (2,766) 102,725
Loans from subsidiaries(b) 852 200 31,173 (32,225) -
Liabilities held for sale - - 24,548 - 24,548
Total liabilities 38,113 1,713 435,383 (34,991) 440,218
Redeemable noncontrolling interests (see Note 12) - - 30 - 30
Total AIG shareholders’ equity 100,470 37,553 67,672 (105,225) 100,470
Non-redeemable noncontrolling interests - - 611 - 611
Total equity 100,470 37,553 68,283 (105,225) 101,081
Total liabilities and equity$ 138,583$ 39,266$ 503,696$ (140,216)$ 541,329

(a) Includes intercompany derivative positions, which are reported at fair value before credit valuation adjustment.

(b) Eliminated in consolidation.

(c) For September 30, 2014 and December 31, 2013, includes intercompany tax payable of $3.3 billion and $1.4 billion, respectively, and intercompany derivative liabilities of $302 million and $249 million, respectively, for American International Group, Inc. (As Guarantor) and intercompany tax receivable of $83 million and $98 million, respectively, for AIGLH.
Condensed Consolidating Statements of Income (loss)
American
International Reclassifications
Group, Inc. OtherandConsolidated
(in millions)(As Guarantor)AIGLHSubsidiariesEliminationsAIG
Three Months Ended September 30, 2014
Revenues:
Equity in earnings of consolidated subsidiaries*$ 2,661$ 1,315$ -$ (3,976)$ -
Other income 615 - 16,118 (79) 16,654
Total revenues 3,276 1,315 16,118 (4,055) 16,654
Expenses:
Interest expense 378 22 62 (32) 430
Loss on extinguishment of debt 682 - 60 - 742
Other expenses 284 61 12,153 (35) 12,463
Total expenses 1,344 83 12,275 (67) 13,635
Income (loss) from continuing operations before income tax
expense (benefit) 1,932 1,232 3,843 (3,988) 3,019
Income tax expense (benefit) (261) (33) 1,117 (3) 820
Income (loss) from continuing operations 2,193 1,265 2,726 (3,985) 2,199
Income (loss) from discontinued operations, net of income taxes (1) - 3 - 2
Net income (loss) 2,192 1,265 2,729 (3,985) 2,201
Less:
Net income from continuing operations attributable to
noncontrolling interests - - 9 - 9
Net income (loss) attributable to AIG$ 2,192$ 1,265$ 2,720$ (3,985)$ 2,192
Three Months Ended September 30, 2013
Revenues:
Equity in earnings of consolidated subsidiaries*$ 1,992$ 1,368$ -$ (3,360)$ -
Other income 64 1 15,984 (105) 15,944
Total revenues 2,056 1,369 15,984 (3,465) 15,944
Expenses:
Interest expense 465 29 59 (37) 516
Loss on extinguishment of debt 81 - - - 81
Other expenses 668 3 13,529 (31) 14,169
Total expenses 1,214 32 13,588 (68) 14,766
Income (loss) from continuing operations before income tax
expense (benefit) 842 1,337 2,396 (3,397) 1,178
Income tax expense (benefit) (1,328) (13) 384 (13) (970)
Income (loss) from continuing operations 2,170 1,350 2,012 (3,384) 2,148
Loss from discontinued operations, net of income taxes - - (18) - (18)
Net income (loss) 2,170 1,350 1,994 (3,384) 2,130
Less:
Net loss from continuing operations attributable to
noncontrolling interests - - (40) - (40)
Net income (loss) attributable to AIG$ 2,170$ 1,350$ 2,034$ (3,384)$ 2,170
American
International Reclassifications
Group, Inc. OtherandConsolidated
(in millions)(As Guarantor)AIGLHSubsidiariesEliminationsAIG
Nine Months Ended September 30, 2014
Revenues:
Equity in earnings of consolidated subsidiaries*$ 8,149$ 2,789$ -$ (10,938)$ -
Other income 1,094 - 48,040 (263) 48,871
Total revenues 9,243 2,789 48,040 (11,201) 48,871
Expenses:
Interest expense 1,210 80 180 (98) 1,372
Loss on extinguishment of debt 987 - 77 (50) 1,014
Other expenses 1,310 79 35,439 (115) 36,713
Total expenses 3,507 159 35,696 (263) 39,099
Income (loss) from continuing operations before income tax
expense (benefit) 5,736 2,630 12,344 (10,938) 9,772
Income tax expense (benefit) (1,137) (54) 4,121 (22) 2,908
Income (loss) from continuing operations 6,873 2,684 8,223 (10,916) 6,864
Income (loss) from discontinued operations, net of income taxes 1 - (16) - (15)
Net income (loss) 6,874 2,684 8,207 (10,916) 6,849
Less:
Net loss from continuing operations attributable to
noncontrolling interests - - (25) - (25)
Net income (loss) attributable to AIG$ 6,874$ 2,684$ 8,232$ (10,916)$ 6,874
Nine Months Ended September 30, 2013
Revenues:
Equity in earnings of consolidated subsidiaries*$ 6,257$ 2,792$ -$ (9,049)$ -
Other income 1,031 1 50,558 (258) 51,332
Total revenues 7,288 2,793 50,558 (9,307) 51,332
Expenses:
Interest expense 1,475 97 177 (121) 1,628
Loss on extinguishment of debt 388 - 71 - 459
Other expenses 1,261 74 40,780 (88) 42,027
Total expenses 3,124 171 41,028 (209) 44,114
Income (loss) from continuing operations before income tax
expense (benefit) 4,164 2,622 9,530 (9,098) 7,218
Income tax expense (benefit) (2,946) (27) 3,162 (17) 172
Income (loss) from continuing operations 7,110 2,649 6,368 (9,081) 7,046
Income (loss) from discontinued operations, net of income taxes (3) - 76 - 73
Net income (loss) 7,107 2,649 6,444 (9,081) 7,119
Less:
Net income from continuing operations attributable to
noncontrolling interests - - 12 - 12
Net income (loss) attributable to AIG$ 7,107$ 2,649$ 6,432$ (9,081)$ 7,107

* Eliminated in consolidation.
Condensed Consolidating Statements of Comprehensive Income (loss)
American
InternationalReclassifications
Group, Inc.OtherandConsolidated
(in millions)(As Guarantor)AIGLHSubsidiariesEliminationsAIG
Three Months Ended September 30, 2014
Net income (loss)$ 2,192$ 1,265$ 2,729$ (3,985)$ 2,201
Other comprehensive income (loss) (180) (259) (1,885) 2,143 (181)
Comprehensive income (loss) 2,012 1,006 844 (1,842) 2,020
Total comprehensive income attributable to noncontrolling interests - - 8 - 8
Comprehensive income (loss) attributable to AIG$ 2,012$ 1,006$ 836$ (1,842)$ 2,012
Three Months Ended September 30, 2013
Net income (loss)$ 2,170$ 1,350$ 1,994$ (3,384)$ 2,130
Other comprehensive income (loss) (530) (299) (498) 795 (532)
Comprehensive income (loss) 1,640 1,051 1,496 (2,589) 1,598
Total comprehensive loss attributable to noncontrolling interests - - (42) - (42)
Comprehensive income (loss) attributable to AIG$ 1,640$ 1,051$ 1,538$ (2,589)$ 1,640
Nine Months Ended September 30, 2014
Net income (loss)$ 6,874$ 2,684$ 8,207$ (10,916)$ 6,849
Other comprehensive income (loss) 4,971 2,522 1,848 (4,371) 4,970
Comprehensive income (loss) 11,845 5,206 10,055 (15,287) 11,819
Total comprehensive loss attributable to noncontrolling interests - - (26) - (26)
Comprehensive income (loss) attributable to AIG$ 11,845$ 5,206$ 10,081$ (15,287)$ 11,845
Nine Months Ended September 30, 2013
Net income (loss)$ 7,107$ 2,649$ 6,444$ (9,081)$ 7,119
Other comprehensive income (loss) (6,065) (4,289) (6,125) 10,391 (6,088)
Comprehensive income (loss) 1,042 (1,640) 319 1,310 1,031
Total comprehensive loss attributable to noncontrolling interests - - (11) - (11)
Comprehensive income (loss) attributable to AIG$ 1,042$ (1,640)$ 330$ 1,310$ 1,042
Condensed Consolidating Statements of Cash Flows
American Other
International Subsidiaries
Group, Inc. andConsolidated
(in millions)(As Guarantor)AIGLHEliminationsAIG
Nine Months Ended September 30, 2014
Net cash (used in) provided by operating activities 7,228 4,333 (7,204) 4,357
Cash flows from investing activities:
Sales of investments 2,032 - 44,529 46,561
Purchase of investments (1,257) - (41,824) (43,081)
Loans to subsidiaries - net (1,687) - 1,687 -
Contributions to subsidiaries - net 77 - (77) -
Net change in restricted cash (5) - (655) (660)
Net change in short-term investments 2,947 - (605) 2,342
Other, net (61) - (234) (295)
Net cash provided by investing activities 2,046 - 2,821 4,867
Cash flows from financing activities:
Issuance of long-term debt 2,489 - 3,338 5,827
Repayments of long-term debt (7,368) (165) (4,028) (11,561)
Purchase of Common Stock (3,403) - - (3,403)
Intercompany loans - net (47) (279) 326 -
Cash dividends paid (539) (3,931) 3,931 (539)
Other, net (324) - 399 75
Net cash (used in) provided by financing activities (9,192) (4,375) 3,966 (9,601)
Effect of exchange rate changes on cash - - (19) (19)
Change in cash 82 (42) (436) (396)
Cash at beginning of year 30 51 2,160 2,241
Reclassification to assets held for sale - - 88 88
Cash at end of period$ 112$ 9$ 1,812$ 1,933
Nine Months Ended September 30, 2013
Net cash (used in) provided by operating activities 3,078 3,082 (2,212) 3,948
Cash flows from investing activities:
Sales of investments 1,065 - 57,809 58,874
Purchase of investments (4,981) - (55,861) (60,842)
Loans to subsidiaries - net 3,491 - (3,491) -
Contributions to subsidiaries - net (240) (1) 241 -
Net change in restricted cash 428 - 823 1,251
Net change in short-term investments 2,552 - 5,562 8,114
Other, net 194 - (1,073) (879)
Net cash (used in) provided by investing activities 2,509 (1) 4,010 6,518
Cash flows from financing activities:
Issuance of long-term debt 1,020 - 2,613 3,633
Repayments of long-term debt (5,866) (245) (5,244) (11,355)
Intercompany loans - net (89) (205) 294 -
Purchase of common stock (192) - - (192)
Cash dividends paid to shareholders (147) (2,699) 2,699 (147)
Other, net (332) - (1,079) (1,411)
Net cash (used in) financing activities (5,606) (3,149) (717) (9,472)
Effect of exchange rate changes on cash - - (79) (79)
Change in cash (19) (68) 1,002 915
Cash at beginning of year 81 73 997 1,151
Change in cash of businesses held for sale - - (8) (8)
Cash at end of period$ 62$ 5$ 1,991$ 2,058
Supplementary Disclosure of Condensed Consolidating Cash Flow Information
AmericanOther
InternationalSubsidiaries
Group, Inc.andConsolidated
(in millions)(As Guarantor)AIGLHEliminationsAIG
Cash (paid) received during the 2014 period for:
Interest:
Third party$ (1,238)$ (87)$ (1,171)$ (2,496)
Intercompany (1) (7) 8 -
Taxes:
Income tax authorities$ (18)$ -$ (596)$ (614)
Intercompany 1,348 - (1,348) -
Cash (paid) received during the 2013 period for:
Interest:
Third party$ (1,473)$ (98)$ (1,380)$ (2,951)
Intercompany (9) (21) 30 -
Taxes:
Income tax authorities$ (160)$ -$ (218)$ (378)
Intercompany 1,116 (78) (1,038) -
Supplementary disclosure of non-cash activities
Nine Months Ended September 30,
(in millions)20142013
Intercompany non-cash financing and investing activities:
Capital contributions
to subsidiaries through forgiveness of loans$ 993$ 341
Other capital contributions - net - 523