EMPLOYEE BENEFITS (Tables)

12 Months Ended

Dec. 31, 2015

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)		2015		2014		2015		2014		2015		2014		2015		2014
Change in projected benefit obligation:
Benefit obligation, beginning of year	$	5,769	$	4,882	$	1,099	$	1,072	$	229	$	217	$	64	$	52
Service cost		192		173		43		42		5		4		3		2
Interest cost		220		228		25		29		8		9		3		2
Actuarial (gain) loss		(423)		780		(16)		114		(23)		10		9		11
Benefits paid:
AIG assets		(17)		(15)		(9)		(15)		(11)		(11)		(1)		(1)
Plan assets		(285)		(279)		(24)		(24)		-		-		-		-
Plan amendment		(132)		-		24		(1)		-		-		-		-
Settlements		-		-		(15)		(9)		-		-		-		-
Foreign exchange effect		-		-		(67)		(107)		-		-		(3)		(2)
Acquisitions		-		-		72		-		-		-		-		-
Other		-		-		14		(2)		-		-		-		-
Projected benefit obligation, end of year	$	5,324	$	5,769	$	1,146	$	1,099	$	208	$	229	$	75	$	64
Change in plan assets:
Fair value of plan assets, beginning
of year	$	4,111	$	4,024	$	708	$	738	$	-	$	-	$	-	$	-
Actual return on plan assets, net of expenses		(8)		266		47		71		-		-		-		-
AIG contributions		558		115		62		67		11		11		1		1
Benefits paid:
AIG assets		(17)		(15)		(9)		(15)		(11)		(11)		(1)		(1)
Plan assets		(285)		(279)		(24)		(24)		-		-		-		-
Settlements		-		-		(15)		(8)		-		-		-		-
Foreign exchange effect		-		-		(44)		(75)		-		-		-		-
Acquisitions		-		-		35		-		-		-		-		-
Other		-		-		13		(46)		-		-		-		-
Fair value of plan assets, end of year	$	4,359	$	4,111	$	773	$	708	$	-	$	-	$	-	$	-
Funded status, end of year	$	(965)	$	(1,658)	$	(373)	$	(391)	$	(208)	$	(229)	$	(75)	$	(64)
Amounts recognized in the balance
sheet:
Assets	$	-	$	-	$	46	$	46	$	-	$	-	$	-	$	-
Liabilities		(965)		(1,658)		(419)		(437)		(208)		(229)		(75)		(64)
Total amounts recognized	$	(965)	$	(1,658)	$	(373)	$	(391)	$	(208)	$	(229)	$	(75)	$	(64)
Pre-tax amounts recognized in Accumulated
other comprehensive income:
Net gain (loss)	$	(1,324)	$	(1,667)	$	(161)	$	(227)	$	13	$	(9)	$	(16)	$	(8)
Prior service (cost) credit		-		200		(16)		11		13		24		-		1
Total amounts recognized	$	(1,324)	$	(1,467)	$	(177)	$	(216)	$	26	$	15	$	(16)	$	(7)

(a) We do not currently fund postretirement benefits.

(b) Includes non-qualified unfunded plans of which the aggregate projected benefit obligation was $299 million and $325 million for the U.S. and $199 million and $295 million for the non-U.S. at December 31,2015 and 2014, 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)		2015		2014		2013		2015		2014		2013		2015		2014		2013		2015		2014		2013
Components of net periodic benefit cost:
Service cost	$	192	$	173	$	205	$	43	$	42	$	47	$	5	$	4	$	5	$	3	$	2	$	3
Interest cost		220		228		201		25		29		29		8		9		8		3		2		2
Expected return on assets		(295)		(288)		(257)		(25)		(22)		(19)		-		-		-		-		-		-
Amortization of prior service credit		(22)		(33)		(33)		(2)		(3)		(3)		(11)		(11)		(11)		(1)		-		-
Amortization of net loss		92		42		138		9		7		13		-		-		1		-		-		-
Curtailment (gain) loss		(179)		-		-		(1)		1		(1)		-		-		-		-		-		(2)
Settlement loss		-		-		-		1		-		5		-		-		-		-		-		-
Other		-		-		-		-		-		1		-		-		-		-		-		-
Net periodic benefit cost	$	8	$	122	$	254	$	50	$	54	$	72	$	2	$	2	$	3	$	5	$	4	$	3
Total recognized in Accumulated other comprehensive income (loss)	$	143	$	(793)	$	823	$	38	$	(40)	$	103	$	12	$	(21)	$	30	$	(9)	$	(11)	$	16
Total recognized in net periodic benefit cost and other comprehensive income (loss)	$	135	$	(915)	$	569	$	(12)	$	(94)	$	31	$	10	$	(23)	$	27	$	(14)	$	(15)	$	13

Schedule of weighted average assumptions used to determine the benefit obligations

	Pension						Postretirement
	U.S. Plans			Non-U.S. Plans(a)			U.S. Plans		Non-U.S. Plans(a)
December 31, 2015
Discount rate	4.32	%			2.17	%	4.21	%		4.09	%
Rate of compensation increase	N/A	%	(b)		2.64	%	N/A			3.43	%
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	%

(a) 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.

(b) Compensation increases are no longer applicable due to the plan freeze that became effective 1/1/2016.

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*
2015
Discount rate	3.94	%		2.33	%	3.77	%		4.04	%
Rate of compensation increase	3.40	%		2.89	%	N/A			3.29	%
Expected return on assets	7.25	%		3.33	%	N/A			N/A
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

* 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, 2015
Assets:
Cash and cash equivalents	$	239	$	-	$	-	$	239	$	49	$	-	$	-	$	49
Equity securities:
U.S.(a)		924		388		-		1,312		35		-		-		35
International(b)		262		1		-		263		248		67		-		315
Fixed maturity securities:
U.S. investment grade(c)		-		1,452		9		1,461		-		-		-		-
International investment grade(c)		-		-		-		-		-		190		-		190
U.S. and international high yield(d)		-		322		-		322		-		66		-		66
Mortgage and other asset-backed
securities(e)		-		7		-		7		-		-		-		-
Other fixed maturity securities		-		-		-		-		-		12		-		12
Other investment types:
Hedge funds(f)		-		469		31		500		-		-		-		-
Futures		2		-		-		2		-		-		-		-
Real Estate		-		-		-		-		11		-		-		11
Private equity(g)		-		-		230		230		-		-		-		-
Insurance contracts		-		23		-		23		-		-		95		95
Total	$	1,427	$	2,662	$	270	$	4,359	$	343	$	335	$	95	$	773
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

(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, 2015		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	$	8	$	(1)	$	17	$	(15)	$	-	$	-	$	-	$	-	$	9	$	(1)
Hedge funds		36		1		11		(10)		-		-		8		(15)		31		(1)
Private equity		228		(1)		86		(83)		-		-		-		-		230		5
Total	$	272	$	(1)	$	114	$	(108)	$	-	$	-	$	8	$	(15)	$	270	$	3
Non-U.S. Plan Assets:
Other fixed maturity securities	$	17	$	(1)	$	-	$	-	$	-	$	-	$	-	$	(16)	$	-	$	-
Insurance contracts		56		(7)		1		-		-		-		53		(8)		95		-
Total	$	73	$	(8)	$	1	$	-	$	-	$	-	$	53	$	(24)	$	95	$	-

																				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	$	-

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
2016	$	759	$	36	$	14	$	1
2017		310		38		15		1
2018		323		40		15		2
2019		319		46		15		2
2020		313		45		16		2
2021-2025		1,487		282		83		12

Pensions

Defined Benefit Plan Disclosure [Line Items]

Schedule of accumulated benefit obligations

At December 31,
(in millions)		2015		2014
U.S. pension benefit plans	$	5,324	$	5,601
Non-U.S. pension benefit plans	$	1,109	$	1,040

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)		2015		2014		2015		2014		2015		2014		2015		2014
Projected benefit obligation	$	5,324	$	5,769	$	999	$	843	$	5,324	$	5,769	$	912	$	757
Accumulated benefit obligation		5,324		5,601		896		746		5,324		5,601		889		740
Fair value of plan assets		4,359		4,111		506		342		4,359		4,111		497		329

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,	2016		2015		2014
Asset class:
Equity securities	35	%	35	%	55	%
Fixed maturity securities	45	%	41	%	28	%
Other investments	20	%	24	%	17	%
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,	2016		2015		2014
Asset class:
Equity securities	32	%	45	%	50	%
Fixed maturity securities	48	%	35	%	35	%
Other investments	18	%	13	%	8	%
Cash and cash equivalents	2	%	7	%	7	%
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)		2015		2014		2015		2014
U.S. plans	$	6	$	5	$	(4)	$	(5)
Non-U.S. plans	$	17	$	12	$	(12)	$	(12)

U.S. Postretirement Plans

Defined Benefit Plan Disclosure [Line Items]

Schedule of assumed health care cost trend rates

At December 31,	2015	2014
Following year:
Medical (before age 65)	6.79%	7.07%
Medical (age 65 and older)	6.64%	6.75%
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