DEBT OUTSTANDING (Tables)

12 Months Ended

Dec. 31, 2012

DEBT OUTSTANDING

Schedule of total debt outstanding

Year Ended December 31, 2012(in millions)Interest Rate(s)	Range of	Maturity Date(s)		Balance at December 31, 2012		Balance at December 31, 2011
Debt issued or guaranteed by AIG:
AIG general borrowings:
Notes and bonds payable	2.50% - 8.13%		2013 - 2097	$	14,084	$	12,725
Subordinated debt	2.38%		2015		250		–
Junior subordinated debt(a)	4.88% - 8.63%		2037 - 2058		9,416		9,327
Loans and mortgages payable	1.09% - 9.00%		2013 - 2015		79		234
SunAmerica Financial Group, Inc. notes and bonds payable	6.63% - 7.50%		2025 - 2029		298		298
Liabilities connected to trust preferred stock	7.57% - 8.50%		2030 - 2046		1,339		1,339
Total AIG general borrowings	–		–		25,466		23,923
AIG borrowings supported by assets:
MIP notes payable	0.38% - 8.59%		2013 - 2018		9,296		10,147
Series AIGFP matched notes and bonds payable	0.06% - 8.25%		2013 - 2052		3,544		3,807
GIAs, at fair value(b)	3.50% - 9.80%		2013 - 2047		6,501		7,964
Notes and bonds payable, at fair value(b)	0.18% - 10.37%		2013 - 2053		1,554		2,316
Loans and mortgages payable, at fair value	–		–		–		486
Total AIG borrowings supported by assets	–		–		20,895		24,720
Total debt issued or guaranteed by AIG	–		–		46,361		48,643
Debt not guaranteed by AIG:
ILFC:
Notes and bonds payable, ECA Facility, bank financings and other secured financings	0.50% - 8.88%		2013 - 2025		–		23,365
Junior subordinated debt	4.54% - 6.25%		2065		–		999
Total ILFC debt(c)	–		–		–		24,364
Other subsidiaries notes, bonds, loans and mortgages payable	0.24% - 8.29%		2013 - 2060		325		393
Debt of consolidated investments(d)	0.03% - 7.15%		2013 - 2035		1,814		1,853
Total debt not guaranteed by AIG	–		–		2,139		26,610
Total long term debt	–		–	$	48,500	$	75,253

(a)     We may currently redeem our 6.45% Series A-4 and our 7.7% Series A-5 junior subordinated debt at their respective principal amounts plus unpaid accrued interest on any of their respective interest payment dates. The remaining junior subordinated debt is subject to call options that range from 2017-2038 and if we do not exercise these call options, the interest rate will change from the referenced fixed interest rate to a floating rate. See further discussion under Junior Subordinated Debt below.

(b)     DIB notes and bonds include structured debt instruments whose payment terms are linked to one or more financial or other indices (such as equity index or commodity index or another measure that is not considered to be clearly and closely related to the debt instrument). The DIB economically hedges its notes, bonds, and GIAs. As a result, certain of the interest rate or currency exposures are hedged with floating rate instruments so the stated rates may not reflect the all-in cost of funding after taking into account the related hedges.

(c)     Excludes $24.3 billion of debt for ILFC at December 31, 2012 which has been reclassified to Liabilities of businesses held for sale.

(d)     At December 31, 2012 and 2011, includes debt of consolidated investments held through AIG Global Real Estate Investment Corp., AIG Credit Corp. and SunAmerica of $1.5 billion, $176 million and $133 million and $1.5 billion, $233 million and $91 million, respectively.

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

			Year Ending
December 31, 2012 (in millions)
	Total		2013		2014		2015		2016		2017		Thereafter
General borrowings:
Notes and bonds payable	$	14,084	$	1,469	$	500	$	999	$	1,738	$	1,455	$	7,923
Subordinated debt		250		–		–		250		–		–		–
Junior subordinated debt		9,416		–		–		–		–		–		9,416
Loans and mortgages payable		79		77		–		2		–		–		–
SAFG, Inc. notes and bonds payable		298		–		–		–		–		–		298
Liabilities connected to trust preferred stock		1,339		–		–		–		–		–		1,339
AIG general borrowings	$	25,466	$	1,546	$	500	$	1,251	$	1,738	$	1,455	$	18,976
Borrowings supported by assets:
MIP notes payable		9,296		851		1,613		1,021		1,329		3,971		511
Series AIGFP matched notes and bonds payable		3,544		3		–		–		–		–		3,541
GIAs, at fair value		6,501		380		585		601		321		260		4,354
Notes and bonds payable, at fair value		1,554		366		31		193		329		104		531
Loans and mortgages payable, at fair value		–		–		–		–		–		–		–
AIG borrowings supported by assets		20,895		1,600		2,229		1,815		1,979		4,335		8,937
Other subsidiaries notes, bonds, loans and mortgages payable		325		43		11		22		3		5		241
Total	$	46,686	$	3,189	$	2,740	$	3,088	$	3,720	$	5,795	$	28,154

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

At December 31, 2012 (in millions)	Uncollateralized Notes/Bonds/Loans Payable		Collateralized Loans and Mortgages Payable		Total
AIG general borrowings	$	79	$	–	$	79
Other subsidiaries notes, bonds, loans and mortgages payable*		104		221		325
Total	$	183	$	221	$	404

*         AIG does not guarantee any of these borrowings.

Summary of the Four-Year Facility

December 31, 2012 (in millions) Facility	Size		Available Amount		Expiration		Effective Date
Four-Year Syndicated Credit Facility	$	4,000	$	3,037		October 2016		10/05/2012