Bring on tomorrow - AIG.com

ITEM 7 / LIQUIDITY AND CAPITAL RESOURCES.....................................................................................................................................................................................Debt ..............................................................................................................................................................................................The following table provides the rollforward of AIG’s total debt outstanding:ReclassifiedYear EndedtoDecember 31, 2012Balance at Maturities Effect of Activity of Liabilities of Balance atDecember 31, and Foreign Other Discontinued businesses December 31,(in millions) 2011 Issuances Repayments Exchange Changes Operations (a) held for sale 2012Debt issued orguaranteed by AIG:AIG general borrowings:Notes and bondspayable $ 12,725 $ 1,508 $ (244) $ 96 $ (1) $ – $ – $ 14,084Subordinated debt – 250 – – – – – 250Junior subordinateddebt 9,327 – – 91 (2) – – 9,416Loans and mortgagespayable 234 – (145) (14) 4 – – 79SunAmerica FinancialGroup, Inc. notes andbonds payable 298 – – – – – – 298Liabilities connected totrust preferred stock 1,339 – – – – – – 1,339Total AIG generalborrowings 23,923 1,758 (389) 173 1 – – 25,466AIG borrowings supportedby assets: (b)MIP notes payable 10,147 1,996 (2,618) (143) (86) – – 9,296Series AIGFP matchednotes and bondspayable 3,807 – (234) – (29) – – 3,544GIAs, at fair value 7,964 591 (2,009) – (45) – – 6,501Notes and bondspayable, at fair value 2,316 17 (1,498) – 719 – – 1,554Loans and mortgagespayable, at fair value 486 – (488) – 2 – – –Total AIG borrowingssupported by assets 24,720 2,604 (6,847) (143) 561 – – 20,895Total debt issued orguaranteed by AIG 48,643 4,362 (7,236) 30 562 – – 46,361Debt not guaranteed byAIG:ILFC:Notes and bondspayable, ECA facility,bank financings andother securedfinancings 23,365 – – – – (42) (23,323) –Junior subordinateddebt 999 – – – – – (999) –Total ILFC debt 24,364 – – – – (42) (24,322) –Other subsidiaries notes,bonds, loans andmortgages payable 393 101 (164) (2) (3) – – 325Debt of consolidatedinvestments 1,853 381 (263) 32 (189) – – 1,814Total debt not guaranteedby AIG 26,610 482 (427) 30 (192) (42) (24,322) 2,139Total debt $ 75,253 $ 4,844 $ (7,663) $ 60 $ 370 (42) (24,322) $ 48,500(a)Primarily represents activity related to ILFC.(b) AIG Parent guarantees all DIB debt, except for MIP notes payable and Series AIGFP matched notes and bonds payable, which are directobligations of AIG Parent...................................................................................................................................................................................................................................AIG 2012 Form 10-K 135