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Consolidated Statement of Cash Flows (USD $)
In Millions, unless otherwise specified
12 Months Ended
Dec. 31, 2011
Dec. 31, 2010
Dec. 31, 2009
Cash flows from operating activities:      
Net income (loss) $ 18,506 $ 10,013 $ (12,313)
(Income) loss from discontinued operations (1,535) 2,064 (505)
Noncash revenues, expenses, gains and losses included in income (loss):      
Net gains on sales of securities available for sale and other assets (1,766) (2,842) (1,305)
Net (gains) losses on sales of divested businesses 74 (17,767) 1,271
Net losses on extinguishment of debt 2,908 104  
Unrealized gains in earnings - net (667) (1,361) (4,249)
Equity in (income) loss from equity method investments, net of dividends or distributions (637) (1,268) 1,633
Depreciation and other amortization 9,883 11,320 12,074
Provision for mortgage and other loans receivable 4 429 1,011
Impairments of assets 3,482 5,372 9,260
Amortization of costs and accrued interest and fees related to FRBNY Credit Facility 48 4,223 10,175
Changes in operating assets and liabilities:      
General and life insurance reserves (202) 8,705 5,991
Premiums and other receivables and payables - net 1,828 595 2,282
Reinsurance assets and funds held under reinsurance treaties (1,103) (3,510) (246)
Capitalization of deferred policy acquisition costs (7,796) (9,321) (8,938)
Other policyholder funds (407) 572 689
Current and deferred income taxes - net (18,752) 4,856 (2,397)
Trading securities 281 354 993
Payment of FRBNY Credit Facility accrued compounded interest and fees (6,363)    
Other, net (1,121) (2,835) (3,143)
Total adjustments (20,306) (2,374) 25,101
Net cash provided by (used in) operating activities - continuing operations (3,335) 9,703 12,283
Net cash provided by operating activities - discontinued operations 3,370 7,207 6,301
Net cash provided by operating activities 35 16,910 18,584
Proceeds from (payments for)      
Sales of available for sale investments 44,026 56,213 39,969
Maturities of fixed maturity securities available for sale and hybrid investments 20,131 14,657 15,778
Sales of trading securities 9,733 6,313 12,493
Sales or distributions of other invested assets (including flight equipment) 7,936 10,495 10,745
Sales of divested businesses, net 587 21,760 5,278
Principal payments received on and sales of mortgage and other loans receivable 3,207 5,410 9,195
Purchases of available for sale investments (90,630) (79,263) (58,859)
Purchases of trading securities (1,250) (3,003) (4,854)
Purchases of other invested assets (including flight equipment) (6,675) (7,850) (10,270)
Mortgage and other loans receivable issued and purchased (2,600) (2,995) (6,283)
Net change in restricted cash 27,244 (27,115) (250)
Net change in short-term investments 19,988 (5,233) (9,021)
Net change in derivative assets and liabilities other than AIGFP 587 267 (127)
Other, net (430) (599) 2,612
Net cash provided by (used in) investing activities - continuing operations 31,854 (10,943) 6,406
Net cash provided by (used in) investing activities - discontinued operations 4,478 718 (628)
Net cash provided by (used in) investing activities 36,332 (10,225) 5,778
Proceeds from (payments for)      
Policyholder contract deposits 17,903 19,570 21,546
Policyholder contract withdrawals (13,570) (14,897) (26,258)
Net change in short-term debt (227) (5,630) (11,072)
Federal Reserve Bank of New York credit facility borrowings   19,900 32,526
Federal Reserve Bank of New York credit facility repayments (14,622) (23,178) (26,426)
Issuance of other long-term debt 7,762 13,046 3,452
Repayments of other long-term debt (17,810) (15,976) (19,451)
Proceeds from drawdown on the Department of the Treasury Commitment 20,292 2,199 5,344
Repayment of Department of the Treasury SPV Preferred Interests (12,425)    
Repayment of Federal Reserve Bank of New York SPV Preferred Interests (26,432) [1]    
Issuance of Common Stock 5,055    
Purchase of Common Stock (70)    
Acquisition of noncontrolling interest (688)    
Other, net (152) (579) (671)
Net cash used in financing activities - continuing operations (34,984) (5,545) (21,010)
Net cash used in financing activities - discontinued operations (1,942) (3,716) (7,987)
Net cash used in financing activities (36,926) (9,261) (28,997)
Effect of exchange rate changes on cash 29 39 533
Net decrease in cash (530) (2,537) (4,102)
Cash at beginning of period 1,558 4,400 8,642
Change in cash of businesses held for sale 446 (305) (140)
Cash at end of period $ 1,474 $ 1,558 $ 4,400
[1] See Notes 1 and 17 to Consolidated Financial Statements.