XML 120 R7.htm IDEA: XBRL DOCUMENT v2.4.0.6
Consolidated Statement of Equity (USD $)
In Millions, unless otherwise specified
Total
Total AIG Shareholders' Equity
Preferred Stock
Common Stock
Treasury Stock
Additional Paid-in Capital
Retained Earnings (Accumulated Deficit)
Accumulated Other Comprehensive Income (Loss)
Non-redeemable non-controlling Interests
Balance at Dec. 31, 2008 $ 60,805 $ 52,710 $ 40,000 $ 368 $ (8,450) $ 39,488 $ (12,368) $ (6,328) $ 8,095
Increase (Decrease) in Stockholders' Equity                  
Series C issuance     23,000     (23,000)      
Series D exchange for Series E     1,605     (1,605)      
Series F drawdowns 5,344 5,344 5,344            
Series F commitment fee (165) (165) (165)            
Common stock issued under stock plans       1 176 (177)      
Retirement of treasury stock       (15) 7,400 (7,385)      
Cumulative effect of change in accounting principle, net of tax (New accounting standard for other-than-temporary impairments and New Accounting standard for deferred acquisition costs.) [1] (9,392) (9,392)         585 (9,977)  
Net income (loss) attributable to AIG or other noncontrolling interests [2] (10,146) (8,362)         (8,362)   (1,784)
Net income attributable to noncontrolling nonvoting, callable, junior and senior preferred interests held by the Federal Reserve Bank of New York 140               140
Other comprehensive (loss) income 21,799 21,411           21,411 388
Deferred income taxes (818) (818)       (818)      
Net decrease due to deconsolidation (3,502) (97)       (97)     (3,405)
Contributions from noncontrolling interests 677               677
Distributions to noncontrolling interests (368)               (368)
Issuance of noncontrolling nonvoting, callable, junior and senior preferred interests to the Federal Reserve Bank of New York 24,400               24,400
Other 61 (48)       (48)     109
Balance at Dec. 31, 2009 88,835 60,583 69,784 354 (874) 6,358 (20,145) 5,106 28,252
Increase (Decrease) in Stockholders' Equity                  
Series F drawdowns 2,199 2,199 2,199            
Common stock issued under stock plans (18) (18)   2   (20)      
Equity unit exchange 3,657 3,657   12   3,645      
Cumulative effect of change in accounting principle, net of tax (New accounting standard for variable interest entities) (106) (106)         239 (345)  
Net income (loss) attributable to AIG or other noncontrolling interests [2] 10,394 10,058         10,058   336
Net income attributable to noncontrolling nonvoting, callable, junior and senior preferred interests held by the Federal Reserve Bank of New York 1,818               1,818
Other comprehensive (loss) income [3] 2,958 2,782           2,782 176
Deferred income taxes (332) (332)       (332)      
Net decrease due to deconsolidation (2,740)               (2,740)
Contributions from noncontrolling interests 253               253
Distributions to noncontrolling interests (175)               (175)
Other 33 33     1 32      
Balance at Dec. 31, 2010 106,776 78,856 71,983 368 (873) 9,683 (9,848) 7,543 27,920
Increase (Decrease) in Stockholders' Equity                  
Series F drawdowns 20,292 20,292 20,292            
Repurchase of SPV preferred interests in connection with Recapitalization [4] (26,432)               (26,432)
Exchange of consideration for preferred stock in connection with Recapitalization [4] (20,677) (20,677) (92,275) 4,138   67,460      
Common stock issued 2,886 2,886   250   2,636      
Purchase of common stock (70) (70)     (70)        
Settlement of equity unit stock purchase contracts 2,169 2,169   9   2,160      
Net income (loss) attributable to AIG or other noncontrolling interests 20,704 20,622         20,622   82
Net income attributable to noncontrolling nonvoting, callable, junior and senior preferred interests held by the Federal Reserve Bank of New York 74               74
Other comprehensive (loss) income [3] (2,602) (2,483)           (2,483) (119)
Deferred income taxes 2 2       2      
Acquisition of noncontrolling interest (560) (71)       (164)   93 (489)
Net decrease due to deconsolidation (123)               (123)
Contributions from noncontrolling interests 120               120
Distributions to noncontrolling interests (128)               (128)
Other (38) 12   1 1 10     (50)
Balance at Dec. 31, 2011 $ 102,393 $ 101,538 $ 0 $ 4,766 $ (942) $ 81,787 $ 10,774 $ 5,153 $ 855
[1] Includes the cumulative effect on the adoption of the accounting standard on April 1, 2009 for other-than-temporary impairments which increased AIG shareholders' equity by $2.5 billion, of which $12.0 billion increased retained earnings and $9.5 billion reduced accumulated other comprehensive income. Also includes the cumulative effect of the retrospective adoption of the accounting standard on January 1, 2012 for acquisition costs, which reduced retained earnings by $11.4 billion and reduced accumulated other comprehensive income by $0.4 billion. See Note 2 to the Consolidated Financial Statements.
[2] Excludes gains of $560 million, $73 million and $280 million in 2011, 2010 and 2009, respectively, attributable to redeemable noncontrolling interests and net income attributable to noncontrolling nonvoting, callable, junior and senior preferred interests held by the Federal Reserve Bank of New York of $74 million, $1.8 billion and $140 million in 2011, 2010 and 2009, respectively.
[3] Excludes $2 million and $5 million attributable to redeemable noncontrolling interests for the year ended December 31, 2011 and 2010, respectively.
[4] See Notes 1 and 17 to Consolidated Financial Statements.