XML 128 R55.htm IDEA: XBRL DOCUMENT v3.8.0.1
DEBT (Tables)
 12 Months Ended
Dec. 31, 2017
DEBT  
Schedule of total debt outstanding
Balance atBalance at
At December 31, 2017Range ofMaturityDecember 31,December 31,
(in millions)Interest Rate(s)Date(s)20172016
Debt issued or guaranteed by AIG:
AIG general borrowings:
Notes and bonds payable0% - 8.13%2018 - 2097$20,339$19,432
Junior subordinated debt4.88% - 8.63%2037 - 2058841843
AIG Japan Holdings Kabushiki Kaisha0.28% - 0.44%2020 - 2021334330
AIGLH notes and bonds payable6.63% - 7.50%2025 - 2029281281
AIGLH junior subordinated debt7.57% - 8.50%2030 - 2046361361
Total AIG general borrowings22,15621,247
AIG borrowings supported by assets:(a)
MIP notes payable2.72% - 2.95%20183561,099
Series AIGFP matched notes and bonds payable1.21% - 1.30%2046 - 20472132
GIAs, at fair value0.50% - 7.62%2018 - 2053 2,707 2,934
Notes and bonds payable, at fair value0.50% - 9.97%2018 - 2040 181 494
Total AIG borrowings supported by assets3,2654,559
Total debt issued or guaranteed by AIG25,42125,806
Debt not guaranteed by AIG:
Other subsidiaries notes, bonds, loans and
mortgages payable1.40% - 1.57%2018 190 735
Debt of consolidated investments(b)0% - 9.31%2018 - 20656,0294,371
Total debt not guaranteed by AIG6,2195,106
Total long term debt $31,640$30,912

(a) AIG Parent guarantees all such debt, except for MIP notes payable and Series AIGFP matched notes and bonds payable, which are direct obligations of AIG Parent.  Collateral posted to third parties was $2.0 billion and $2.2 billion at December 31, 2017 and December 31, 2016, respectively.  This collateral primarily consists of securities of the U.S. government and government sponsored entities and generally cannot be repledged or resold by the counterparties.

(b) At December 31, 2017, includes debt of consolidated investment vehicles related to real estate investments of $2.5 billion, affordable housing partnership investments of $1.8 billion and other securitization vehicles of $1.7 billion. At December 31, 2016, includes debt of consolidated investment vehicles related to real estate investments of $1.9 billion, affordable housing partnership investments of $1.7 billion and other securitization vehicles of $771 million.
Maturities of long-term debt, excluding borrowings of debt of consolidated investments
December 31, 2017Year Ending
(in millions) Total20182019202020212022Thereafter
Debt issued or guaranteed by AIG:
AIG general borrowings:
Notes and bonds payable$20,339$1,107$998$1,343$1,496$1,507$13,888
Junior subordinated debt841-----841
AIG Japan Holdings Kabushiki Kaisha334--115219--
AIGLH notes and bonds payable281-----281
AIGLH junior subordinated debt361-----361
Total AIG general borrowings22,1561,1079981,4581,7151,50715,371
AIG borrowings supported by assets:
MIP notes payable356356-----
Series AIGFP matched notes and
bonds payable21-----21
GIAs, at fair value2,70750626530202471,657
Notes and bonds payable, at fair value181126----55
Total AIG borrowings supported by assets3,26598826530202471,733
Total debt issued or guaranteed by AIG25,4212,0951,2631,4881,9171,55417,104
Other subsidiaries notes, bonds, loans
and mortgages payable190190-----
Total$25,611$2,285$1,263$1,488$1,917$1,554$17,104
Schedule of detail for uncollateralized and collateralized notes, bonds, loans and mortgages payable
UncollateralizedCollateralized
At December 31, 2017Notes/Bonds/LoansLoans and
(in millions)PayableMortgages PayableTotal
AIG general borrowings$334$-$334
Other subsidiaries notes, bonds, loans and mortgages payable*-190190
Total$334$190$524

* AIG does not guarantee any of these borrowings.
Summary of Credit Facility
At December 31, 2017 Available Effective
(in millions)Size Amount ExpirationDate
Syndicated Credit Facility$4,500$4,500June 20226/27/2017