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Condensed Consolidated Balance Sheets (unaudited) (Parenthetical) - USD ($)
$ in Millions
Sep. 30, 2022
Dec. 31, 2021
Assets:    
Bonds available for sale, allowance for credit losses $ 115 $ 98
Bonds available for sale, amortized cost 251,983 259,210
Mortgage and other loans receivable, allowance for credit losses 655 629
Other invested assets [1] 15,794 15,668
Short-term investments [1] 14,663 13,357
Premiums and other receivables, allowance for credit losses and disputes 176 185
Other assets, allowance for credit losses 49 49
Other assets [1] 12,868 14,351
Liabilities:    
Liability for unpaid losses and loss adjustment expenses, allowance for credit losses 14 14
Policyholder contract deposits 157,612 156,686
Fortitude Re funds withheld payable 30,424 $ 40,771
Short term debt $ 1,502  
AIG shareholders’ equity:    
Preferred stock, par value (in dollars per share) $ 5.00 $ 5.00
Preferred stock, shares authorized (in shares) 100,000,000 100,000,000
Preferred stock, shares issued (in shares) 20,000 20,000
Preferred stock liquidation preference $ 500 $ 500
Common stock, par value (in dollars per share) $ 2.50 $ 2.50
Common stock, shares authorized (in shares) 5,000,000,000 5,000,000,000
Common stock, shares issued (in shares) 1,906,671,492 1,906,671,492
Treasury stock, shares of common stock (in shares) 1,159,455,582 1,087,984,129
Fortitude RE    
Assets:    
Reinsurance asset, allowance for credit loss $ 0 $ 0
Excluding Fortitude    
Assets:    
Reinsurance asset, allowance for credit loss 345 333
Short-term Investments    
Assets:    
Restricted cash 133 197
Other assets    
Assets:    
Restricted cash 69 32
Recurring Basis    
Assets:    
Other invested assets 11,839 10,504
Short-term investments 5,344 4,426
Other assets 500 957
Liabilities:    
Policyholder contract deposits 6,385 9,736
Fortitude Re funds withheld payable (2,505)  
Fortitude Re funds withheld payable   5,922
Other liabilities, portion measured at fair value 276 586
Long-term debt, portion measured at fair value $ 1,613 $ 1,871
[1] See Note 8 for details of balances associated with variable interest entities.