DEBT (Tables)

12 Months Ended

Dec. 31, 2018

				Balance at		Balance at
At December 31, 2018	Range of	Maturity		December 31,		December 31,
(in millions)	Interest Rate(s)	Date(s)			2018		2017
Debt issued or guaranteed by AIG:
AIG general borrowings:
Notes and bonds payable	0% - 8.13%		2019 - 2097	$	20,853	$	20,339
Junior subordinated debt	4.88% - 8.63%		2037 - 2058		1,548		841
AIG Japan Holdings Kabushiki Kaisha	0.28% - 0.44%		2020 - 2021		331		334
Validus notes and bonds payable	8.88%		2040		359		-
AIGLH notes and bonds payable	6.63% - 7.50%		2025 - 2029		282		281
AIGLH junior subordinated debt	7.57% - 8.50%		2030 - 2046		361		361
Total AIG general borrowings					23,734		22,156
AIG borrowings supported by assets:^(a)
MIP notes payable					-		356
Series AIGFP matched notes and bonds payable	2.69% - 2.75%		2046 - 2047		21		21
GIAs, at fair value	0.5% - 7.62%		2019 - 2053		2,164		2,707
Notes and bonds payable, at fair value	0.5% - 9.97%		2030 - 2040		49		181
Total AIG borrowings supported by assets					2,234		3,265
Total debt issued or guaranteed by AIG					25,968		25,421
Debt not guaranteed by AIG:
Other subsidiaries notes, bonds, loans and
mortgages payable	2.68% - 4.73%		2019 - 2024		168		190
Debt of consolidated investments^(b)	0% - 10.3%		2019 - 2067		8,404		6,029
Total debt not guaranteed by AIG					8,572		6,219
Total long term debt				$	34,540	$	31,640

(a) AIG Parent guarantees all such debt, except for MIP notes payable and Series AIGFP matched notes and bonds payable, which are direct obligations of AIG Parent. Collateral posted to third parties was $1.5 billion and $2.0 billion at December 31, 2018 and December 31, 2017, respectively. This collateral primarily consists of securities of the U.S. government and government sponsored entities and generally cannot be repledged or resold by the counterparties.

(b) At December 31, 2018, includes debt of consolidated investment vehicles related to real estate investments of $3.7 billion, affordable housing partnership investments of $1.8 billion and other securitization vehicles of $2.9 billion. At December 31, 2017, includes debt of consolidated investment vehicles related to real estate investments of $2.5 billion, affordable housing partnership investments of $1.8 billion and other securitization vehicles of $1.7 billion.

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

December 31, 2018			Year Ending
(in millions)		Total		2019		2020		2021		2022		2023		Thereafter
Debt issued or guaranteed by AIG:
AIG general borrowings:
Notes and bonds payable	$	20,853	$	999	$	1,344	$	1,497	$	1,509	$	1,599	$	13,905
Junior subordinated debt		1,548		-		-		-		-		-		1,548
AIG Japan Holdings Kabushiki Kaisha		331		-		114		217		-		-		-
Validus notes and bonds payable		359		-		-		-		-		-		359
AIGLH notes and bonds payable		282		-		-		-		-		-		282
AIGLH junior subordinated debt		361		-		-		-		-		-		361
Total AIG general borrowings		23,734		999		1,458		1,714		1,509		1,599		16,455
AIG borrowings supported by assets:
MIP notes payable		-		-		-		-		-		-		-
Series AIGFP matched notes and
bonds payable		21		-		-		-		-		-		21
GIAs, at fair value		2,164		272		31		157		48		115		1,541
Notes and bonds payable, at fair value		49		-		-		-		-		-		49
Total AIG borrowings supported by assets		2,234		272		31		157		48		115		1,611
Total debt issued or guaranteed by AIG		25,968		1,271		1,489		1,871		1,557		1,714		18,066
Other subsidiaries notes, bonds, loans
and mortgages payable		168		117		1		42		1		1		6
Total	$	26,136	$	1,388	$	1,490	$	1,913	$	1,558	$	1,715	$	18,072

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

		Uncollateralized		Collateralized
At December 31, 2018		Notes/Bonds/Loans		Loans and
(in millions)		Payable		Mortgages Payable		Total
AIG general borrowings	$	331	$	-	$	331
Other subsidiaries notes, bonds, loans and mortgages payable^*		2		166		168
Total	$	333	$	166	$	499

* AIG does not guarantee any of these borrowings.

Summary of Credit Facility

At December 31, 2018				Available		Effective
(in millions)		Size		Amount	Expiration	Date
Syndicated Credit Facility	$	4,500	$	4,500	June 2022	6/27/2017