EMPLOYEE BENEFITS (Tables)

12 Months Ended

Dec. 31, 2014

Defined Benefit Plan Disclosure [Line Items]

Schedule of funded status of the plans reconciled to the amount reported in the balance sheets

As of or for the Years Ended		Pension								Postretirement(a)
December 31,		U.S. Plans(b)			Non-U.S. Plans(b)					U.S. Plans			Non-U.S. Plans
(in millions)		2014		2013		2014		2013		2014		2013		2014		2013
Change in projected benefit obligation:
Benefit obligation, beginning of year	$	4,882	$	5,161	$	1,072	$	1,205	$	217	$	255	$	52	$	66
Service cost		173		205		42		47		4		5		2		3
Interest cost		228		201		29		29		9		8		2		2
Actuarial (gain) loss		780		(454)		114		13		10		(41)		11		(15)
Benefits paid:
AIG assets		(15)		(14)		(15)		(13)		(11)		(10)		(1)		(1)
Plan assets		(279)		(217)		(24)		(27)		-		-		-		-
Plan amendment		-		-		(1)		-		-		-		-		-
Curtailments		-		-		-		(1)		-		-		-		(3)
Settlements		-		-		(9)		(35)		-		-		-		-
Foreign exchange effect		-		-		(107)		(126)		-		-		(2)		(1)
Other		-		-		(2)		(20)		-		-		-		1
Projected benefit obligation, end of year	$	5,769	$	4,882	$	1,099	$	1,072	$	229	$	217	$	64	$	52
Change in plan assets:
Fair value of plan assets, beginning
of year	$	4,024	$	3,720	$	738	$	727	$	-	$	-	$	-	$	-
Actual return on plan assets, net of expenses		266		520		71		92		-		-		-		-
AIG contributions		115		15		67		87		11		10		1		1
Benefits paid:
AIG assets		(15)		(14)		(15)		(13)		(11)		(10)		(1)		(1)
Plan assets		(279)		(217)		(24)		(27)		-		-		-		-
Settlements		-		-		(8)		(35)		-		-		-		-
Foreign exchange effect		-		-		(75)		(93)		-		-		-		-
Other		-		-		(46)		-		-		-		-		-
Fair value of plan assets, end of year	$	4,111	$	4,024	$	708	$	738	$	-	$	-	$	-	$	-
Funded status, end of year	$	(1,658)	$	(858)	$	(391)	$	(334)	$	(229)	$	(217)	$	(64)	$	(52)
Amounts recognized in the balance
sheet:
Assets	$	-	$	-	$	46	$	91	$	-	$	-	$	-	$	-
Liabilities		(1,658)		(858)		(437)		(425)		(229)		(217)		(64)		(52)
Total amounts recognized	$	(1,658)	$	(858)	$	(391)	$	(334)	$	(229)	$	(217)	$	(64)	$	(52)
Pre-tax amounts recognized in Accumulated
other comprehensive income:
Net gain (loss)	$	(1,667)	$	(908)	$	(227)	$	(204)	$	(9)	$	1	$	(8)	$	3
Prior service credit		200		234		11		14		24		35		1		1
Total amounts recognized	$	(1,467)	$	(674)	$	(216)	$	(190)	$	15	$	36	$	(7)	$	4

(a) We do not currently fund postretirement benefits.

(b) Includes non-qualified unfunded plans of which the aggregate projected benefit obligation was $325 million and $276 million for the U.S. and $295 million and $265 million for the non-U.S. at December 31,2014 and 2013, respectively.

Schedule of components of net periodic benefit cost

	Pension												Postretirement
	U.S. Plans						Non-U.S. Plans						U.S. Plans						Non-U.S. Plans
(in millions)		2014		2013		2012		2014		2013		2012		2014		2013		2012		2014		2013		2012
Components of net periodic benefit cost:
Service cost	$	173	$	205	$	154	$	42	$	47	$	53	$	4	$	5	$	5	$	2	$	3	$	3
Interest cost		228		201		200		29		29		34		9		8		11		2		2		2
Expected return on assets		(288)		(257)		(240)		(22)		(19)		(20)		-		-		-		-		-		-
Amortization of prior service credit		(33)		(33)		(33)		(3)		(3)		(4)		(11)		(11)		(10)		-		-		-
Amortization of net loss		42		138		118		7		13		13		-		1		-		-		-		-
Curtailment (gain) loss		-		-		(2)		1		(1)		1		-		-		-		-		(2)		(1)
Settlement loss		-		-		-		-		5		4		-		-		-		-		-		-
Other		-		-		-		-		1		-		-		-		-		-		-		-
Net periodic benefit cost	$	122	$	254	$	197	$	54	$	72	$	81	$	2	$	3	$	6	$	4	$	3	$	4
Total recognized in Accumulated other comprehensive income (loss)	$	(793)	$	823	$	(250)	$	(40)	$	103	$	(36)	$	(21)	$	30	$	(23)	$	(11)	$	16	$	(11)
Total recognized in net periodic benefit cost and other comprehensive income (loss)	$	(915)	$	569	$	(447)	$	(94)	$	31	$	(117)	$	(23)	$	27	$	(29)	$	(15)	$	13	$	(15)

Schedule of weighted average assumptions used to determine the benefit obligations

	Pension					Postretirement
	U.S. Plans		Non-U.S. Plans*			U.S. Plans		Non-U.S. Plans*
December 31, 2014
Discount rate	3.94	%		2.33	%	3.78	%		4.04	%
Rate of compensation increase	3.40	%		2.89	%	N/A			3.29	%
December 31, 2013
Discount rate	4.83	%		2.77	%	4.59	%		4.77	%
Rate of compensation increase	3.50	%		2.89	%	N/A			3.34	%

* The non-U.S. plans reflect those assumptions that were most appropriate for the local economic environments of each of the subsidiaries providing such benefits.

Schedule of weighted average assumptions used to determine the net periodic benefit costs

	Pension					Postretirement
At December 31,	U.S. Plans		Non-U.S. Plans*			U.S. Plans		Non-U.S. Plans*
2014
Discount rate	4.83	%		2.77	%	4.59	%		4.77	%
Rate of compensation increase	3.50	%		2.89	%	N/A			3.34	%
Expected return on assets	7.25	%		2.93	%	N/A			N/A
2013
Discount rate	3.93	%		2.62	%	3.67	%		3.45	%
Rate of compensation increase	4.00	%		2.86	%	N/A			3.55	%
Expected return on assets	7.25	%		2.60	%	N/A			N/A
2012
Discount rate	4.62	%		3.02	%	4.51	%		4.19	%
Rate of compensation increase	4.00	%		2.94	%	N/A			3.61	%
Expected return on assets	7.25	%		2.91	%	N/A			N/A

* The non-U.S. plans reflect those assumptions that were most appropriate for the local economic environments of the subsidiaries providing such benefits.

Schedule of plan assets based on the level within the fair value hierarchy in which the fair value measurement falls

	U.S. Plans								Non-U.S. Plans
(in millions)	Level 1		Level 2		Level 3		Total		Level 1		Level 2		Level 3		Total
At December 31, 2014
Assets:
Cash and cash equivalents	$	80	$	-	$	-	$	80	$	50	$	-	$	-	$	50
Equity securities:
U.S.(a)		1,244		239		-		1,483		30		-		-		30
International(b)		787		1		-		788		274		48		-		322
Fixed maturity securities:
U.S. investment grade(c)		-		768		8		776		-		-		-		-
International investment grade(c)		-		-		-		-		2		160		-		162
U.S. and international high yield(d)		-		347		-		347		-		61		-		61
Mortgage and other asset-backed
securities(e)		-		6		-		6		-		-		-		-
Other fixed maturity securities		-		-		-		-		-		10		17		27
Other investment types:
Hedge funds(f)		-		337		36		373		-		-		-		-
Futures		4		-		-		4		-		-		-		-
Private equity(g)		-		-		228		228		-		-		-		-
Insurance contracts		-		26		-		26		-		-		56		56
Total	$	2,115	$	1,724	$	272	$	4,111	$	356	$	279	$	73	$	708
At December 31, 2013
Assets:
Cash and cash equivalents	$	137	$	-	$	-	$	137	$	92	$	-	$	-	$	92
Equity securities:
U.S.(a)		1,840		220		-		2,060		26		-		-		26
International(b)		189		18		-		207		254		47		-		301
Fixed maturity securities:
U.S. investment grade(c)		-		702		9		711		-		-		-		-
International investment grade(c)		-		-		-		-		1		163		-		164
U.S. and international high yield(d)		-		281		-		281		-		82		-		82
Mortgage and other asset-backed
securities(e)		-		7		-		7		-		-		-		-
Other fixed maturity securities		-		-		-		-		-		10		19		29
Other investment types:
Hedge funds(f)		-		297		35		332		-		-		-		-
Futures		14		-		-		14		-		-		-		-
Private equity(g)		-		-		248		248		-		-		-		-
Insurance contracts		-		27		-		27		-		-		44		44
Total	$	2,180	$	1,552	$	292	$	4,024	$	373	$	302	$	63	$	738

(a) Includes index funds that primarily track several indices including S&P 500 and S&P Small Cap 600 as well as other actively managed accounts composed of investments in large cap companies.

(b) Includes investments in companies in emerging and developed markets.

(c) Represents investments in U.S. and non-U.S. government issued bonds, U.S. government agency or sponsored agency bonds, and investment grade corporate bonds.

(d) Consists primarily of investments in securities or debt obligations that have a rating below investment grade.

(e) Comprised primarily of investments in U.S. government agency or U.S. government sponsored agency bonds.

(f) Includes funds composed of macro, event driven, long/short equity, and controlled risk hedge fund strategies and a separately managed controlled risk strategy.

(g) Includes funds that are diverse by geography, investment strategy, sector and vintage year.

Schedule of changes in Level 3 plan assets measured at fair value

																				Changes in
				Net																Unrealized Gains
		Balance		Realized and														Balance		(Losses) on
At December 31, 2014		Beginning		Unrealized										Transfers		Transfers		at End		Instruments Held
(in millions)		of year		Gains (Losses)		Purchases		Sales		Issuances		Settlements		In		Out		of year		at End of year
U.S. Plan Assets:
Fixed maturity securities
U.S. investment grade	$	9	$	2	$	18	$	(21)	$	-	$	-	$	-	$	-	$	8	$	1
Hedge funds		35		3		15		(32)		-		-		15		-		36		(1)
Private equity		248		11		73		(104)		-		-		-		-		228		10
Total	$	292	$	16	$	106	$	(157)	$	-	$	-	$	15	$	-	$	272	$	10
Non-U.S. Plan Assets:
Other fixed maturity securities	$	19	$	-	$	-	$	(2)	$	-	$	-	$	-	$	-	$	17	$	-
Insurance contracts		44		9		3		-		-		-		-		-		56		-
Total	$	63	$	9	$	3	$	(2)	$	-	$	-	$	-	$	-	$	73	$	-

																				Changes in
				Net																Unrealized Gains
		Balance		Realized and														Balance		(Losses) on
At December 31, 2013		Beginning		Unrealized										Transfers		Transfers		at End		Instruments Held
(in millions)		of year		Gains (Losses)		Purchases		Sales		Issuances		Settlements		In		Out		of year		at End of year
U.S. Plan Assets:
Fixed maturity securities
U.S. investment grade	$	11	$	(2)	$	2	$	(2)	$	-	$	-	$	-	$	-	$	9	$	(3)
Hedge funds		-		-		-		-		-		-		35		-		35		-
Private equity		225		7		44		(26)		-		(2)		-		-		248		(14)
Total	$	236	$	5	$	46	$	(28)	$	-	$	(2)	$	35	$	-	$	292	$	(17)
Non-U.S. Plan Assets:
Other fixed maturity securities	$	27	$	1	$	-	$	(8)	$	-	$	-	$	-	$	(1)	$	19	$	-
Insurance contracts		43		3		1		(1)		-		-		-		(2)		44		-
Total	$	70	$	4	$	1	$	(9)	$	-	$	-	$	-	$	(3)	$	63	$	-

Schedule of expected future benefit payments, net of participants' contributions

		Pension			Postretirement
		U.S.		Non-U.S.		U.S.		Non-U.S.
(in millions)		Plans		Plans		Plans		Plans
2015	$	353	$	39	$	15	$	1
2016		363		35		15		1
2017		391		39		16		1
2018		395		40		17		2
2019		402		47		18		2
2020-2024		2,036		236		96		11

Pensions

Defined Benefit Plan Disclosure [Line Items]

Schedule of accumulated benefit obligations

At December 31,
(in millions)		2014		2013
U.S. pension benefit plans	$	5,601	$	4,683
Non-U.S. pension benefit plans	$	1,040	$	1,000

Schedule of projected benefit obligation in excess of the plan assets and the accumulated benefit obligation in excess of the plan assets

At December 31,	PBO Exceeds Fair Value of Plan Assets								ABO Exceeds Fair Value of Plan Assets
		U.S. Plans				Non-U.S. Plans				U.S. Plans				Non-U.S. Plans
(in millions)		2014		2013		2014		2013		2014		2013		2014		2013
Projected benefit obligation	$	5,769	$	4,882	$	843	$	806	$	5,769	$	4,882	$	757	$	752
Accumulated benefit obligation		5,601		4,683		746		704		5,601		4,683		740		703
Fair value of plan assets		4,111		4,024		342		330		4,111		4,024		329		327

U.S. Pension Plans

Defined Benefit Plan Disclosure [Line Items]

Schedule of asset allocation percentage by major asset class and target allocation

	Target		Actual		Actual
At December 31,	2015		2014		2013
Asset class:
Equity securities	42	%	55	%	56	%
Fixed maturity securities	27	%	28	%	25	%
Other investments	31	%	17	%	19	%
Total	100	%	100	%	100	%

Non U.S. Pension Plans

Defined Benefit Plan Disclosure [Line Items]

Schedule of asset allocation percentage by major asset class and target allocation

	Target		Actual		Actual
At December 31,	2015		2014		2013
Asset class:
Equity securities	35	%	50	%	45	%
Fixed maturity securities	45	%	35	%	37	%
Other investments	19	%	8	%	6	%
Cash and cash equivalents	1	%	7	%	12	%
Total	100	%	100	%	100	%

Postretirement Plans

Defined Benefit Plan Disclosure [Line Items]

Schedule of A one percent point change in the assumed healthcare cost trend rate

		One Percent				One Percent
At December 31,		Increase				Decrease
(in millions)		2014		2013		2014		2013
U.S. plans	$	5	$	6	$	(5)	$	(3)
Non-U.S. plans	$	12	$	11	$	(12)	$	(7)

U.S. Postretirement Plans

Defined Benefit Plan Disclosure [Line Items]

Schedule of assumed health care cost trend rates

At December 31,	2014	2013
Following year:
Medical (before age 65)	7.07%	7.21%
Medical (age 65 and older)	6.75%	6.80%
Ultimate rate to which cost increase is assumed to decline	4.50%	4.50%
Year in which the ultimate trend rate is reached:
Medical (before age 65)	2027	2027
Medical (age 65 and older)	2027	2027