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INFORMATION PROVIDED IN CONNECTION WITH OUTSTANDING DEBT (Tables)
 6 Months Ended
Jun. 30, 2018
INFORMATION PROVIDED IN CONNECTION WITH OUTSTANDING DEBT  
Condensed Consolidating Balance Sheets
American
International Reclassifications
Group, Inc. OtherandConsolidated
(in millions)(As Guarantor)AIGLHSubsidiariesEliminationsAIG
June 30, 2018
Assets:
Short-term investments(a) $ 9,212 $ - $ 10,673 $ (2,875) $ 17,010
Other investments(b)3,852-298,896-302,748
Total investments13,064-309,569(2,875)319,758
Cash332,129-2,135
Loans to subsidiaries(c)34,954-545(35,499)-
Investment in consolidated subsidiaries(c)34,68926,840-(61,529)-
Other assets, including deferred income taxes(d)15,899168160,720(1,851)174,936
Total assets $ 98,609 $ 27,011 $ 472,963 $ (101,754) $ 496,829
Liabilities:
Insurance liabilities $ - $ - $ 283,443 $ - $ 283,443
Long-term debt22,65364210,489-33,784
Other liabilities, including intercompany balances(b)14,224144108,209(4,772)117,805
Loans from subsidiaries(c)546-34,953(35,499)-
Total liabilities37,423786437,094(40,271)435,032
Total AIG shareholders’ equity61,18626,22535,258(61,483)61,186
Non-redeemable noncontrolling interests--611-611
Total equity61,18626,22535,869(61,483)61,797
Total liabilities and equity $ 98,609 $ 27,011 $ 472,963 $ (101,754) $ 496,829
December 31, 2017
Assets:
Short-term investments(a)$2,541$-$11,559$(3,714)$10,386
Other investments(b)6,004-305,902-311,906
Total investments8,545-317,461(3,714)322,292
Cash3202,339-2,362
Loans to subsidiaries(c)35,004-517(35,521)-
Investment in consolidated subsidiaries(c)40,13530,359-(70,494)-
Other assets, including deferred income taxes(d)16,016170159,594(2,133)173,647
Total assets$99,703$30,549$479,911$(111,862)$498,301
Liabilities:
Insurance liabilities$-$-$282,105$-$282,105
Long-term debt21,5576429,441-31,640
Other liabilities, including intercompany balances(b)12,458143112,275(6,028)118,848
Loans from subsidiaries(c)517-35,004(35,521)-
Total liabilities34,532785438,825(41,549)432,593
Total AIG shareholders’ equity65,17129,76440,549(70,313)65,171
Non-redeemable noncontrolling interests--537-537
Total equity65,17129,76441,086(70,313)65,708
Total liabilities and equity$99,703$30,549$479,911$(111,862)$498,301

(a) At June 30, 2018, includes restricted cash of $1 million and $17 million for American International Group, Inc. (As Guarantor) and Other Subsidiaries, respectively. At December 31, 2017, includes restricted cash of $4 million and $54 million for American International Group, Inc. (As Guarantor) and Other Subsidiaries, respectively.

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

(c) Eliminated in consolidation.

(d) At June 30, 2018, includes restricted cash of $1 million and $226 million for American International Group, Inc. (As Guarantor) and Other Subsidiaries, respectively. At December 31, 2017, includes restricted cash of $1 million and $316 million for American International Group, Inc. (As Guarantor) and Other Subsidiaries, respectively.
Condensed Consolidating Statements of Income (Loss)
American
International Reclassifications
Group, Inc. OtherandConsolidated
(in millions)(As Guarantor)AIGLHSubsidiariesEliminationsAIG
Three Months Ended June 30, 2018
Revenues:
Equity in earnings of consolidated subsidiaries*$845$459$-$(1,304)$-
Other income309-11,17914311,631
Total revenues1,15445911,179(1,161)11,631
Expenses:
Interest expense2461343(3)299
Loss on extinguishment of debt--5-5
Other expenses359-9,738(22)10,075
Total expenses605139,786(25)10,379
Income (loss) from continuing operations before income tax
expense (benefit)5494461,393(1,136)1,252
Income tax expense (benefit)(389)(1)711-321
Income (loss) from continuing operations938447682(1,136)931
Income (loss) from discontinued operations, net
of income taxes(1)-1--
Net income (loss)937447683(1,136)931
Less:
Net loss from continuing operations
attributable to noncontrolling interests--(6)-(6)
Net income (loss) attributable to AIG$937$447$689$(1,136)$937
Three Months Ended June 30, 2017
Revenues:
Equity in earnings of consolidated subsidiaries*$1,430$815$-$(2,245)$-
Other income232-12,2482212,502
Total revenues1,66281512,248(2,223)12,502
Expenses:
Interest expense2411339(1)292
Gain on extinguishment of debt--(4)-(4)
Other expenses181-10,386(20)10,547
Total expenses4221310,421(21)10,835
Income (loss) from continuing operations before income tax
expense (benefit)1,2408021,827(2,202)1,667
Income tax expense (benefit)109(4)452-557
Income (loss) from continuing operations1,1318061,375(2,202)1,110
Income (loss) from discontinued operations, net
of income taxes(1)-9-8
Net income (loss)1,1308061,384(2,202)1,118
Less:
Net loss from continuing operations
attributable to noncontrolling interests--(12)-(12)
Net income (loss) attributable to AIG$1,130$806$1,396$(2,202)$1,130
American
International Reclassifications
Group, Inc. OtherandConsolidated
(in millions)(As Guarantor)AIGLHSubsidiariesEliminationsAIG
Six Months Ended June 30, 2018
Revenues:
Equity in earnings of consolidated subsidiaries*$1,878$1,181$-$(3,059)$-
Other income567-22,6918523,343
Total revenues2,4451,18122,691(2,974)23,343
Expenses:
Interest expense4662591(6)576
Loss on extinguishment of debt--9-9
Other expenses511119,844(77)20,279
Total expenses9772619,944(83)20,864
Income (loss) from continuing operations before income tax
expense (benefit)1,4681,1552,747(2,891)2,479
Income tax expense (benefit)(408)21,004-598
Income (loss) from continuing operations1,8761,1531,743(2,891)1,881
Loss from discontinued operations, net
of income taxes(1)---(1)
Net income (loss)1,8751,1531,743(2,891)1,880
Less:
Net income from continuing operations
attributable to noncontrolling interests--5-5
Net income (loss) attributable to AIG$1,875$1,153$1,738$(2,891)$1,875
Six Months Ended June 30, 2017
Revenues:
Equity in earnings of consolidated subsidiaries*$2,892$1,415$-$(4,307)$-
Other income428-24,6307625,134
Total revenues3,3201,41524,630(4,231)25,134
Expenses:
Interest expense4832585(3)590
Gain on extinguishment of debt--(5)-(5)
Other expenses516120,711(73)21,155
Total expenses9992620,791(76)21,740
Income (loss) from continuing operations before income tax
expense (benefit)2,3211,3893,839(4,155)3,394
Income tax expense (benefit)5(8)1,076-1,073
Income (loss) from continuing operations2,3161,3972,763(4,155)2,321
Income (loss) from discontinued operations, net
of income taxes(1)-9-8
Net income (loss)2,3151,3972,772(4,155)2,329
Less:
Net income from continuing operations
attributable to noncontrolling interests--14-14
Net income (loss) attributable to AIG$2,315$1,397$2,758$(4,155)$2,315

* Eliminated in consolidation.
Condensed Consolidating Statements of Comprehensive Income (Loss)
American
InternationalReclassifications
Group, Inc.OtherandConsolidated
(in millions)(As Guarantor)AIGLHSubsidiariesEliminationsAIG
Three Months Ended June 30, 2018
Net income (loss)$937$447$683$(1,136)$931
Other comprehensive income (loss)(1,990)(1,510)(651)2,161(1,990)
Comprehensive income (loss)(1,053)(1,063)321,025(1,059)
Total comprehensive loss attributable to
noncontrolling interests--(6)-(6)
Comprehensive income (loss) attributable to AIG$(1,053)$(1,063)$38$1,025$(1,053)
Three Months Ended June 30, 2017
Net income (loss)$1,130$806$1,384$(2,202)$1,118
Other comprehensive income (loss)1,1811,122(1,541)4191,181
Comprehensive income (loss)2,3111,928(157)(1,783)2,299
Total comprehensive loss attributable to
noncontrolling interests--(12)-(12)
Comprehensive income (loss) attributable to AIG$2,311$1,928$(145)$(1,783)$2,311
Six Months Ended June 30, 2018
Net income (loss)$1,875$1,153$1,743$(2,891)$1,880
Other comprehensive income (loss)(4,659)3,44014,004(17,444)(4,659)
Comprehensive income (loss)(2,784)4,59315,747(20,335)(2,779)
Total comprehensive income attributable to
noncontrolling interests--5-5
Comprehensive income (loss) attributable to AIG$(2,784)$4,593$15,742$(20,335)$(2,784)
Six Months Ended June 30, 2017
Net income (loss)$2,315$1,397$2,772$(4,155)$2,329
Other comprehensive income (loss)1,7325,78249,489(55,271)1,732
Comprehensive income (loss)4,0477,17952,261(59,426)4,061
Total comprehensive income attributable to
noncontrolling interests--14-14
Comprehensive income (loss) attributable to AIG$4,047$7,179$52,247$(59,426)$4,047
Condensed Consolidating Statements of Cash Flows
American
International Reclassifications
Group, Inc. OtherandConsolidated
(in millions)(As Guarantor)AIGLHSubsidiariesEliminationsAIG
Six Months Ended June 30, 2018
Net cash (used in) provided by operating activities$1,312$1,211$(849)$(2,014)$(340)
Cash flows from investing activities:
Sales of investments3,800-29,992(2,628)31,164
Sales of divested businesses, net--10-10
Purchase of investments(1,327)-(29,805)2,628(28,504)
Loans to subsidiaries - net422-(25)(397)-
Contributions from (to) subsidiaries - net57--(57)-
Net change in short-term investments(4,017)-177-(3,840)
Other, net(51)-(249)-(300)
Net cash (used in) provided by investing activities(1,116)-100(454)(1,470)
Cash flows from financing activities:
Issuance of long-term debt2,472-1,032-3,504
Repayments of long-term debt(1,313)-(646)-(1,959)
Purchase of common stock(646)---(646)
Intercompany loans - net25-(422)397-
Cash dividends paid (575)(1,228)(786)2,014(575)
Other, net(162)-1,204571,099
Net cash (used in) provided by financing activities(199)(1,228)3822,4681,423
Effect of exchange rate changes on cash and
restricted cash--30-30
Change in cash and restricted cash(3)(17)(337)-(357)
Cash and restricted cash at beginning of year8202,709-2,737
Cash and restricted cash at end of period$5$3$2,372$-$2,380
Six Months Ended June 30, 2017
Net cash (used in) provided by operating activities$665$629$(8,973)$(1,357)$(9,036)
Cash flows from investing activities:
Sales of investments5,030-44,776(3,398)46,408
Sales of divested businesses, net--538-538
Purchase of investments(1,158)-(34,591)3,398(32,351)
Loans to subsidiaries - net350-73(423)-
Contributions from (to) subsidiaries - net931--(931)-
Net change in short-term investments405-642-1,047
Other, net(46)-(871)-(917)
Net cash (used in) provided by investing activities5,512-10,567(1,354)14,725
Cash flows from financing activities:
Issuance of long-term debt1,108-1,113-2,221
Repayments of long-term debt(606)-(1,000)-(1,606)
Purchase of common stock(6,000)---(6,000)
Intercompany loans - net(73)-(350)423-
Cash dividends paid(597)(652)(705)1,357(597)
Other, net(3)-27931955
Net cash (used in) provided by financing activities(6,171)(652)(915)2,711(5,027)
Effect of exchange rate changes on cash and
restricted cash--(25)-(25)
Change in cash and restricted cash6(23)654-637
Cash and restricted cash at beginning of year3342,070-2,107
Change in cash of businesses held for sale--66-66
Cash and restricted cash at end of period$9$11$2,790$-$2,810
Supplementary Disclosure of Condensed Consolidating Cash Flow Information
American
InternationalReclassifications
Group, Inc.OtherandConsolidated
(in millions)(As Guarantor)AIGLHSubsidiariesEliminationsAIG
June 30, 2018
Cash$3$3$2,129$-$2,135
Restricted cash included in Short-term investments1-17-18
Restricted cash included in Other assets1-226-227
Total cash and restricted cash shown in the Condensed
Consolidating Statements of Cash Flows$5$3$2,372$-$2,380
Cash (paid) received during the 2018 period for:
Interest:
Third party$(478)$(23)$(163)$-$(664)
Intercompany(1)(1)2--
Taxes:
Income tax authorities$(17)$-$(23)$-$(40)
Intercompany846-(846)--
June 30, 2017
Cash$5$11$2,501$-$2,517
Restricted cash included in Short-term investments3-56-59
Restricted cash included in Other assets1-233-234
Total cash and restricted cash shown in the Condensed
Consolidating Statements of Cash Flows$9$11$2,790$-$2,810
Cash (paid) received during the 2017 period for:
Interest:
Third party$(513)$-$(169)$-$(682)
Intercompany-----
Taxes:
Income tax authorities$(280)$-$(122)$-$(402)
Intercompany1,495-(1,495)--
Supplementary disclosure of non-cash activities
Six Months Ended June 30,
(in millions)20182017
Intercompany non-cash financing and investing activities:
Capital contributions$2,339$198
Dividends received in the form of securities60735
Return of capital2,70626