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ITEM 8 / NOTE 15. DEBT OUTSTANDING.....................................................................................................................................................................................15. DEBT OUTSTANDING..............................................................................................................................................................................................AIG’s long-term debt is denominated in various currencies, with both fixed and variable interest rates. Long-term debtis carried at the principal amount borrowed, including unamortized discounts, hedge accounting valuation adjustmentsand fair value adjustments, where applicable. The interest rates presented in the following table reflect the range ofcontractual rates in effect at year end, including fixed and variable rate issuances.The following table lists our total debt outstanding at December 31, 2012 and 2011. The interest ratespresented in the following table are the range of contractual rates in effect at year end, including fixed andvariable-rates:Balance at Balance atYear Ended December 31, 2012 Range of Maturity December 31, December 31,(in millions) Interest Rate(s) Date(s) 2012 2011Debt issued or guaranteed by AIG:AIG general borrowings:Notes and bonds payable 2.50% - 8.13% 2013 - 2097 $ 14,084 $ 12,725Subordinated debt 2.38% 2015 250–Junior subordinated debt (a) 4.88% - 8.63% 2037 - 2058 9,416 9,327Loans and mortgages payable 1.09% - 9.00% 2013 - 2015 79234SunAmerica Financial Group, Inc. notes andbonds payable 6.63% - 7.50% 2025 - 2029 298298Liabilities connected to trust preferred stock 7.57% - 8.50% 2030 - 2046 1,339 1,339Total AIG general borrowings – – 25,466 23,923AIG borrowings supported by assets:MIP notes payable 0.38% - 8.59% 2013 - 2018 9,296 10,147Series AIGFP matched notes and bonds payable 0.06% - 8.25% 2013 - 2052 3,544 3,807GIAs, at fair value (b) 3.50% - 9.80% 2013 - 2047 6,501 7,964Notes and bonds payable, at fair value (b) 0.18% - 10.37% 2013 - 2053 1,554 2,316Loans and mortgages payable, at fair value – – –486Total AIG borrowings supported by assets – – 20,895 24,720Total debt issued or guaranteed by AIG – – 46,361 48,643Debt not guaranteed by AIG:ILFC:Notes and bonds payable, ECA Facility, bankfinancings and other secured financings 0.50% - 8.88% 2013 - 2025 – 23,365Junior subordinated debt 4.54% - 6.25% 2065 –999Total ILFC debt (c) – – – 24,364Other subsidiaries notes, bonds, loans andmortgages payable 0.24% - 8.29% 2013 - 2060 325393Debt of consolidated investments (d) 0.03% - 7.15% 2013 - 2035 1,814 1,853Total debt not guaranteed by AIG – – 2,139 26,610Total 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 plusunpaid accrued interest on any of their respective interest payment dates. The remaining junior subordinated debt is subject to call options thatrange 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 floatingrate. 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 asequity index or commodity index or another measure that is not considered to be clearly and closely related to the debt instrument). The DIBeconomically hedges its notes, bonds, and GIAs. As a result, certain of the interest rate or currency exposures are hedged with floating rateinstruments so the stated rates may not reflect the all-in cost of funding after taking into account the related hedges...................................................................................................................................................................................................................................288 AIG 2012 Form 10-K