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ITEM 8 / NOTE 22. EMPLOYEE BENEFITS.....................................................................................................................................................................................The following table presents information about our plan assets based on the level within the fair valuehierarchy in which the fair value measurement falls:U.S. PlansNon-U.S. Plans(in millions) Level 1 Level 2 Level 3 Total Level 1 Level 2 Level 3 TotalAt December 31, 2012Assets:Cash & cash equivalentsEquity securities:U.S. (a)International (b)Fixed maturity securities:U.S. investment grade (c)International investment grade (c)U.S. and international high yield (d)Mortgage and other asset-backed securities (e)Other fixed maturity securitiesOther investment types:Hedge funds (f)CommoditiesPrivate equity (g)Insurance contractsTotal$ 229 $ – $ – $ 229 $ 113 $ – $ – $ 1131,331 15 – 1,346 21 1 – 22290 18 – 308 240 – – 240– 763 11 774 – – – –– 112 – 112 – 169 – 169– 134 – 134 – 96 – 96– 59 – 59 – – – –– – – – – 17 27 44– 334 – 334 – – – –– 170 – 170 – – – –– – 225 225 – – – –– 29 – 29 – – 43 43$ 1,850 $ 1,634 $ 236 $ 3,720 $ 374 $ 283 $ 70 $ 727At December 31, 2011Assets:Cash & cash equivalents $ 9 $ – $ – $ 9 $ 114 $ – $ – $ 114Equity securities:U.S. (a) 1,449 13 – 1,462 19 – – 19International (b) 305 16 – 321 242 1 – 243Fixed maturity securities:U.S. investment grade (c) – 794 1 795 – – – –International investment grade (c) – – – – – 139 – 139U.S. and international high yield (d) – 104 – 104 – 88 – 88Mortgage and other asset-backed securities (e) – 80 36 116 – – – –Other fixed maturity securities – – – – – 40 1 41Other investment types:Hedge funds (f) – 345 – 345 – – – –Commodities – 26 – 26 – – – –Private equity (g) – – 223 223 – – – –Insurance contracts – 31 – 31 – – 39 39Total $ 1,763 $ 1,409 $ 260 $ 3,432 $ 375 $ 268 $ 40 $ 683(a) Includes index funds that primarily track several indices including S&P 500 and S&P Small Cap 600 in addition to other actively managedaccounts comprised of investments in large cap companies.(b)Includes investments in companies in emerging and developed markets.(c) Represents investments in U.S. and non-U.S. government issued bonds, U.S. government agency or sponsored agency bonds, and investmentgrade corporate bonds.(d)(e)Consists primarily of investments in securities or debt obligations that have a rating below investment grade.Comprised primarily of investments in U.S. government agency or U.S. government sponsored agency bonds.(f) Includes funds comprised of macro, event driven, long/short equity, and controlled risk hedge fund strategies and a separately managedcontrolled risk strategy.(g)Includes funds that are diverse by geography, investment strategy, and sector...................................................................................................................................................................................................................................326 AIG 2012 Form 10-K