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ITEM 8 / NOTE 15. DEBT OUTSTANDING.....................................................................................................................................................................................(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 CreditCorp. and SunAmerica of $1.5 billion, $176 million and $133 million and $1.5 billion, $233 million and $91 million, respectively.The following table presents maturities of long-term debt (including unamortized original issue discount,hedge accounting valuation adjustments and fair value adjustments, when applicable), excluding $1.8 billionin borrowings of consolidated investments:December 31, 2012Year Ending(in millions) Total 2013 2014 2015 2016 2017 ThereafterGeneral borrowings:Notes and bonds payable $ 14,084 $ 1,469 $ 500 $ 999 $ 1,738 $ 1,455 $ 7,923Subordinated debt 250 – – 250 – – –Junior subordinated debt 9,416 – – – – – 9,416Loans and mortgages payable 79 77 – 2 – – –SAFG, Inc. notes and bonds payable 298 – – – – – 298Liabilities connected to trust preferred stock 1,339 – – – – – 1,339AIG general borrowings $ 25,466 $ 1,546 $ 500 $ 1,251 $ 1,738 $ 1,455 $ 18,976Borrowings supported by assets:MIP notes payable 9,296 851 1,613 1,021 1,329 3,971 511Series AIGFP matched notes and bondspayable 3,544 3 – – – – 3,541GIAs, at fair value 6,501 380 585 601 321 260 4,354Notes and bonds payable, at fair value 1,554 366 31 193 329 104 531Loans and mortgages payable, at fair value – – – – – – –AIG borrowings supported by assets 20,895 1,600 2,229 1,815 1,979 4,335 8,937Other subsidiaries notes, bonds, loans andmortgages payable 325 43 11 22 3 5 241Total $ 46,686 $ 3,189 $ 2,740 $ 3,088 $ 3,720 $ 5,795 $ 28,154Uncollateralized and collateralized notes, bonds, loans and mortgages payable consisted of the following:Uncollateralized CollateralizedAt December 31, 2012 Notes/Bonds/Loans Loans and(in millions) Payable Mortgages Payable TotalAIG general borrowings $ 79 $ – $ 79Other subsidiaries notes, bonds, loans and mortgages payable * 104 221 325Total $ 183 $ 221 $ 404* AIG does not guarantee any of these borrowings.Junior Subordinated Debt..............................................................................................................................................................................................During 2007 and 2008, we issued an aggregate of $12.5 billion of junior subordinated debentures denominated inU.S. dollars, British Pounds and Euros in eight series of securities. In November 2011, we exchanged specifiedseries of our outstanding junior subordinated debentures for newly issued senior notes pursuant to an exchangeoffer. In particular,we exchanged (i) $312 million aggregate principal amount of our outstanding Series A-1 JuniorSubordinated Debentures for $256 million aggregate principal amount of our new 6.820% Dollar notes dueNovember 15, 2037, (ii) £812 million ($1.26 billion at the December 31, 2011 exchange rate) aggregate principalamount of our outstanding Series A-2 and Series A-8 Junior Subordinated Debentures for £662 million ($1.03 billionat the December 31, 2011 exchange rate) aggregate principal amount of our new 6.765% Sterling notes dueNovember 15, 2017 and (iii) e591 million ($766 million at the December 31, 2011 exchange rate) aggregate principal..................................................................................................................................................................................................................................AIG 2012 Form 10-K 289