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INFORMATION PROVIDED IN CONNECTION WITH OUTSTANDING DEBT (Tables)
 6 Months Ended
Jun. 30, 2015
INFORMATION PROVIDED IN CONNECTION WITH OUTSTANDING DEBT  
Condensed Consolidating Balance Sheets
American
International Reclassifications
Group, Inc. OtherandConsolidated
(in millions)(As Guarantor)AIGLHSubsidiariesEliminationsAIG
June 30, 2015
Assets:
Short-term investments$8,278$-$6,263$(676)$13,865
Other investments(a)9,345-325,186183334,714
Total investments17,623-331,449(493)348,579
Cash9141,842-1,937
Loans to subsidiaries(b)30,956-642(31,598)-
Investment in consolidated subsidiaries(b)62,13434,034-(96,168)-
Other assets, including deferred income taxes21,957117140,098(2,701)159,471
Total assets$132,761$34,155$474,031$(130,960)$509,987

Liabilities:
Insurance liabilities$-$-$267,370$-$267,370
Long-term debt21,2887078,365-30,360
Other liabilities, including intercompany balances(a)(c)6,58166104,368(3,400)107,615
Loans from subsidiaries(b)634-30,774(31,408)-
Total liabilities28,503773410,877(34,808)405,345
Total AIG shareholders’ equity104,25833,38262,770(96,152)104,258
Non-redeemable noncontrolling interests--384-384
Total equity104,25833,38263,154(96,152)104,642
Total liabilities and equity$132,761$34,155$474,031$(130,960)$509,987
December 31, 2014
Assets:
Short-term investments$6,078$-$6,231$(1,066)$11,243
Other investments(a)11,415-333,108-344,523
Total investments17,493-339,339(1,066)355,766
Cash26911,641-1,758
Loans to subsidiaries(b)31,070-779(31,849)-
Investment in consolidated subsidiaries(b)62,81135,850-(98,661)-
Other assets, including deferred income taxes23,8352,305141,826(9,909)158,057
Total assets$135,235$38,246$483,585$(141,485)$515,581
Liabilities:
Insurance liabilities$-$-$270,615$-$270,615
Long-term debt21,1908209,207-31,217
Other liabilities, including intercompany balances(a)(c)6,1962,314108,189(10,222)106,477
Loans from subsidiaries(b)951-30,898(31,849)-
Total liabilities28,3373,134418,909(42,071)408,309
Total AIG shareholders’ equity106,89835,11264,302(99,414)106,898
Non-redeemable noncontrolling interests--374-374
Total equity106,89835,11264,676(99,414)107,272
Total liabilities and equity$135,235$38,246$483,585$(141,485)$515,581

(a) Includes intercompany derivative positions, which are reported at fair value before credit valuation adjustment.

(b) Eliminated in consolidation.

(c) For June 30, 2015 and December 31, 2014, includes intercompany tax payable of $1.8 billion and $343 million, respectively, and intercompany derivative liabilities of $33 million and $275 million, respectively, for AIG Parent (as Guarantor) and intercompany tax receivable of $31 million and $3 million, respectively, for AIGLH.
Condensed Consolidating Statements of Income (loss)
American
International Reclassifications
Group, Inc. OtherandConsolidated
(in millions)(As Guarantor)AIGLHSubsidiariesEliminationsAIG
Three Months Ended June 30, 2015
Revenues:
Equity in earnings of consolidated subsidiaries*$2,319$749$-$(3,068)$-
Other income14-15,916(231)15,699
Total revenues2,33374915,916(3,299)15,699
Expenses:
Interest expense2671465(30)316
Loss on extinguishment of debt297-45-342
Other expenses3014712,343(202)12,489
Total expenses8656112,453(232)13,147
Income (loss) from continuing operations before income tax
expense (benefit)1,4686883,463(3,067)2,552
Income tax expense (benefit)(333)(20)1,1291777
Income (loss) from continuing operations1,8017082,334(3,068)1,775
Income (loss) from discontinued operations, net of income taxes(1)-17-16
Net income (loss)1,8007082,351(3,068)1,791
Less:
Net loss from continuing operations attributable to
noncontrolling interests--(9)-(9)
Net income (loss) attributable to AIG$1,800$708$2,360$(3,068)$1,800
Three Months Ended June 30, 2014
Revenues:
Equity in earnings of consolidated subsidiaries*$3,503$744$-$(4,247)$-
Other income255-15,953(72)16,136
Total revenues3,75874415,953(4,319)16,136
Expenses:
Interest expense4102957(33)463
Loss on extinguishment of debt17-17-34
Other expenses7841710,399(41)11,159
Total expenses1,2114610,473(74)11,656
Income (loss) from continuing operations before income tax
expense (benefit)2,5476985,480(4,245)4,480
Income tax expense (benefit)(527)1231,878-1,474
Income (loss) from continuing operations3,0745753,602(4,245)3,006
Income (loss) from discontinued operations, net of income taxes(1)-31-30
Net income (loss)3,0735753,633(4,245)3,036
Less:
Net loss from continuing operations attributable to
noncontrolling interests--(37)-(37)
Net income (loss) attributable to AIG$3,073$575$3,670$(4,245)$3,073

American
International Reclassifications
Group, Inc. OtherandConsolidated
(in millions)(As Guarantor)AIGLHSubsidiariesEliminationsAIG
Six Months Ended June 30, 2015
Revenues:
Equity in earnings of consolidated subsidiaries*$5,076$1,522$-$(6,598)$-
Other income164-31,830(320)31,674
Total revenues5,2401,52231,830(6,918)31,674
Expenses:
Interest expense55630130(60)656
Loss on extinguishment of debt358-457410
Other expenses5474223,952(261)24,280
Total expenses1,4617224,127(314)25,346
Income (loss) from continuing operations before income tax
expense (benefit)3,7791,4507,703(6,604)6,328
Income tax expense (benefit)(490)(63)2,630-2,077
Income (loss) from continuing operations4,2691,5135,073(6,604)4,251
Income (loss) from discontinued operations, net of income taxes(1)-18-17
Net income (loss)4,2681,5135,091(6,604)4,268
Less:
Net income (loss) from continuing operations attributable to
noncontrolling interests-----
Net income (loss) attributable to AIG$4,268$1,513$5,091$(6,604)$4,268
Six Months Ended June 30, 2014
Revenues:
Equity in earnings of consolidated subsidiaries*$5,488$1,474$-$(6,962)$-
Other income479-32,004(184)32,299
Total revenues5,9671,47432,004(7,146)32,299
Expenses:
Interest expense83258118(66)942
Loss on extinguishment of debt305-17(50)272
Other expenses1,0261823,368(80)24,332
Total expenses2,1637623,503(196)25,546
Income (loss) from continuing operations before income tax
expense (benefit)3,8041,3988,501(6,950)6,753
Income tax expense (benefit)(876)(21)3,004(19)2,088
Income (loss) from continuing operations4,6801,4195,497(6,931)4,665
Income (loss) from discontinued operations, net of income taxes2-(19)-(17)
Net income (loss)4,6821,4195,478(6,931)4,648
Less:
Net loss from continuing operations attributable to
noncontrolling interests--(34)-(34)
Net income (loss) attributable to AIG$4,682$1,419$5,512$(6,931)$4,682

* Eliminated in consolidation.
Condensed Consolidating Statements of Comprehensive Income (loss)
American
InternationalReclassifications
Group, Inc.OtherandConsolidated
(in millions)(As Guarantor)AIGLHSubsidiariesEliminationsAIG
Three Months Ended June 30, 2015
Net income (loss)$1,800$708$2,351$(3,068)$1,791
Other comprehensive income (loss)(3,037)3,58253,694(57,276)(3,037)
Comprehensive income (loss)(1,237)4,29056,045(60,344)(1,246)
Total comprehensive loss attributable to noncontrolling interests--(9)-(9)
Comprehensive income (loss) attributable to AIG$(1,237)$4,290$56,054$(60,344)$(1,237)
Three Months Ended June 30, 2014
Net income (loss)$3,073$575$3,633$(4,245)$3,036
Other comprehensive income (loss)2,4261,2871,884(3,171)2,426
Comprehensive income (loss)5,4991,8625,517(7,416)5,462
Total comprehensive loss attributable to noncontrolling interests--(37)-(37)
Comprehensive income (loss) attributable to AIG$5,499$1,862$5,554$(7,416)$5,499
Six Months Ended June 30, 2015
Net income (loss)$4,268$1,513$5,091$(6,604)$4,268
Other comprehensive income (loss)(2,997)4,49052,633(57,126)(3,000)
Comprehensive income (loss)1,2716,00357,724(63,730)1,268
Total comprehensive loss attributable to noncontrolling interests--(3)-(3)
Comprehensive income (loss) attributable to AIG$1,271$6,003$57,727$(63,730)$1,271
Six Months Ended June 30, 2014
Net income (loss)$4,682$1,419$5,478$(6,931)$4,648
Other comprehensive income (loss)5,1512,7813,733(6,514)5,151
Comprehensive income (loss)9,8334,2009,211(13,445)9,799
Total comprehensive loss attributable to noncontrolling interests--(34)-(34)
Comprehensive income (loss) attributable to AIG$9,833$4,200$9,245$(13,445)$9,833
Condensed Consolidating Statements of Cash Flows
American
International Reclassifications
Group, Inc. OtherandConsolidated
(in millions)(As Guarantor)AIGLHSubsidiaries*Eliminations*AIG
Six Months Ended June 30, 2015
Net cash provided by operating activities2,2305272,581(4,845)493
Cash flows from investing activities:
Sales of investments4,703-36,970(2,667)39,006
Purchase of investments(942)-(32,708)2,667(30,983)
Loans to subsidiaries - net189-130(319)-
Contributions to subsidiaries - net-----
Net change in restricted cash--1,462-1,462
Net change in short-term investments(2,093)-(600)-(2,693)
Other, net(65)-(1,441)-(1,506)
Net cash provided by investing activities1,792-3,813(319)5,286
Cash flows from financing activities:
Issuance of long-term debt2,342-432-2,774
Repayments of long-term debt(2,016)(114)(1,571)-(3,701)
Purchase of Common Stock(3,743)---(3,743)
Intercompany loans - net(130)-(189)319-
Cash dividends paid (335)(500)(4,345)4,845(335)
Other, net(75)-(486)-(561)
Net cash (used in) financing activities(3,957)(614)(6,159)5,164(5,566)
Effect of exchange rate changes on cash--(34)-(34)
Change in cash65(87)201-179
Cash at beginning of year26911,641-1,758
Reclassification to assets held for sale-----
Cash at end of period$91$4$1,842$-$1,937
Six Months Ended June 30, 2014
Net cash (used in) provided by operating activities5,3242,586(466)(5,803)1,641
Cash flows from investing activities:
Sales of investments1,714-30,677(77)32,314
Purchase of investments(624)-(27,610)77(28,157)
Loans to subsidiaries - net(530)-227303-
Contributions to subsidiaries - net111--(111)-
Net change in restricted cash(20)-(608)-(628)
Net change in short-term investments65-433-498
Other, net(27)-(338)-(365)
Net cash provided by investing activities689-2,7811923,662

Cash flows from financing activities:
Issuance of long-term debt--3,028-3,028
Repayments of long-term debt(3,314)-(2,713)-(6,027)
Intercompany loans - net(52)(175)530(303)-
Purchase of common stock(1,849)---(1,849)
Cash dividends paid to shareholders(361)(2,460)(3,343)5,803(361)
Other, net(307)-(397)111(593)
Net cash (used in) financing activities(5,883)(2,635)(2,895)5,611(5,802)
Effect of exchange rate changes on cash--(3)-(3)
Change in cash130(49)(583)-(502)
Cash at beginning of year30512,160-2,241
Change in cash of businesses held for sale--88-88
Cash at end of period$160$2$1,665$-$1,827
Supplementary Disclosure of Condensed Consolidating Cash Flow Information
American
InternationalReclassifications
Group, Inc.OtherandConsolidated
(in millions)(As Guarantor)AIGLHSubsidiaries*Eliminations*AIG
Cash (paid) received during the 2015 period for:
Interest:
Third party$585$(32)$(1,313)$-$(760)
Intercompany-----
Taxes:
Income tax authorities$(6)$-$(332)$-$(338)
Intercompany1,249-(1,249)--
Cash (paid) received during the 2014 period for:
Interest:
Third party$(946)$(51)$(730)$-$(1,727)
Intercompany(1)(4)5--
Taxes:
Income tax authorities$(17)$-$(465)$-$(482)
Intercompany953-(953)--
Supplementary disclosure of non-cash activities
Six Months Ended June 30,
(in millions)20152014
Intercompany non-cash financing and investing activities:
Capital contributions$111$993
Dividends received in the form of securities1,5511,538
Return of capital*-4,836
Consideration received from sale of shares of AerCap500-

* Includes $4.8 billion return of capital from AIG Capital Corporation related to the sale of ILFC.