DEBT (Tables)

12 Months Ended

Dec. 31, 2014

				Balance at		Balance at
At December 31, 2014	Range of	Maturity		December 31,		December 31,
(in millions)	Interest Rate(s)	Date(s)			2014		2013
Debt issued or guaranteed by AIG:
AIG general borrowings:
Notes and bonds payable	2.30% - 8.13%		2015 - 2097	$	15,570	$	14,062
Subordinated debt	2.38%		2015		250		250
Junior subordinated debt	4.88% - 8.63%		2037 - 2047		2,466		5,533
Loans and mortgages payable	9.00%		2015		-		1
AIGLH notes and bonds payable	6.63% - 7.50%		2025 - 2029		284		299
AIGLH junior subordinated debt	7.57% - 8.50%		2030 - 2046		536		1,054
Total AIG general borrowings					19,106		21,199
AIG/DIB borrowings supported by assets:^(a)
MIP notes payable	2.28% - 8.59%		2015 - 2018		2,870		7,963
Series AIGFP matched notes and bonds payable	0.10% - 0.24%		2017 - 2047		34		3,219
GIAs, at fair value	0.04% - 8.50%		2015 - 2047		4,648		5,530
Notes and bonds payable, at fair value	0.15% - 10.4%		2015 - 2049		818		1,217
Total AIG/DIB borrowings supported by assets					8,370		17,929
Total debt issued or guaranteed by AIG					27,476		39,128
Debt not guaranteed by AIG:
Other subsidiaries notes, bonds, loans and
mortgages payable	0.06% - 5.60%		2015 - 2047		58		656
Debt of consolidated investments^(b)	0.03% - 9.06%		2015 - 2061		3,683		1,909
Total debt not guaranteed by AIG					3,741		2,565
Total long term debt^(c)				$	31,217	$	41,693

(a) AIG Parent guarantees all DIB debt, except for MIP notes payable and Series AIGFP matched notes and bonds payable, which are direct obligations of AIG Parent.

(b) At December 31, 2014, includes debt of consolidated investments held through AIG Global Real Estate Investment Corp., AIG Credit Corp., AIGLH and AIG Property Casualty Inc. of $2.0 billion, $54 million, $1.5 billion and $122 million, respectively. At December 31, 2013, includes debt of consolidated investments held through AIG Global Real Estate Investment Corp., AIG Credit Corp., AIGLH and AIG Property Casualty Inc. of $1.5 billion, $111 million, $696 million and $58 million, respectively.

Maturities of long-term debt, excluding borrowings of debt of consolidated investments

December 31, 2014			Year Ending
(in millions)		Total		2015		2016		2017		2018		2019		Thereafter
Debt issued or guaranteed by AIG:
AIG general borrowings:
Notes and bonds payable	$	15,570	$	847	$	1,554	$	510	$	2,407	$	998	$	9,254
Subordinated debt		250		250		-		-		-		-		-
Junior subordinated debt		2,466		-		-		-		-		-		2,466
AIGLH notes and bonds payable		284		-		-		-		-		-		284
AIGLH junior subordinated debt		536		-		-		-		-		-		536
Total AIG general borrowings		19,106		1,097		1,554		510		2,407		998		12,540
AIG/DIB borrowings supported by assets:
MIP notes payable		2,870		132		366		2,019		353		-		-
Series AIGFP matched notes and
bonds payable		34		-		-		10		-		-		24
GIAs, at fair value		4,648		619		165		226		631		180		2,827
Notes and bonds payable, at fair value		818		132		168		131		153		-		234
Total AIG/DIB borrowings supported by assets		8,370		883		699		2,386		1,137		180		3,085
Total debt issued or guaranteed by AIG		27,476		1,980		2,253		2,896		3,544		1,178		15,625
Other subsidiaries notes, bonds, loans
and mortgages payable		58		38		1		1		1		1		16
Total	$	27,534	$	2,018	$	2,254	$	2,897	$	3,545	$	1,179	$	15,641

Schedule of detail for uncollateralized and collateralized notes, bonds, loans and mortgages payable

		Uncollateralized		Collateralized
At December 31, 2014		Notes/Bonds/Loans		Loans and
(in millions)		Payable		Mortgages Payable		Total
Other subsidiaries notes, bonds, loans and mortgages payable^*		14		44		58
Total	$	14	$	44	$	58

* AIG does not guarantee any of these borrowings.

Summary of the Four-Year Facility

At December 31, 2014				Available		Effective
(in millions)		Size		Amount	Expiration	Date
Five-Year Syndicated Credit Facility	$	4,000	$	4,000	June 2019	6/19/2014