Analysis: Deferred Assets and Liabilities, Net

Entity Registrant Name AMERICAN INTERNATIONAL GROUP INC
CIK 0000005272
Accession number 0001047469-14-001096
Link to XBRL instance http://www.sec.gov/Archives/edgar/data/5272/000104746914001096/aig-20131231.xml
Fiscal year end --12-31
Fiscal year focus 2013
Fiscal period focus FY
Current balance sheet date 2013-12-31
Current year-to-date income statement start date 2013-01-01
Commentary Conforms with all rules.
Level 3 Text Block concept us-gaap:ScheduleOfDeferredTaxAssetsAndLiabilitiesTableTextBlock

 

 

   
December 31,
(in millions)
  

2013

   2012
  
   

Deferred tax assets:

  
 
 
 
      

Losses and tax credit carryforwards

  
$
20,825
 
 $ 25,359  

Unrealized loss on investments

  
 
4,843
 
   3,365  

Accruals not currently deductible, and other

  
 
2,935
 
   4,499  

Investments in foreign subsidiaries and joint ventures

  
 
1,035
 
   1,435  

Loss reserve discount

  
 
1,164
 
   1,235  

Loan loss and other reserves

  
 
888
 
   547  

Unearned premium reserve reduction

  
 
1,451
 
   1,145  

Employee benefits

  
 
1,217
 
   1,483
   

Total deferred tax assets

  
 
34,358
 
   39,068
   

Deferred tax liabilities:

  
 
 
 
      

Adjustment to life policy reserves

  
 
445
 
   (1,817 )

Deferred policy acquisition costs

  
 
(3,396
)
   (2,816 )

Flight equipment, fixed assets and intangible assets

  
 
(2,354
)
   (2,015 )

Unrealized gains related to available for sale debt securities

  
 
(3,693
)
   (7,464 )

Other

  
 
(571
)
   (225 )
   

Total deferred tax liabilities

  
 
(9,569
)
   (14,337 )
   

Net deferred tax assets before valuation allowance

  
 
24,789
 
   24,731  

Valuation allowance

  
 
(3,596
)
   (8,036 )
   

Net deferred tax assets (liabilities)

  
$
21,193
 
 $ 16,695
   

Level 4 Details Key Concepts: Deferred tax assets (liabilities)

Description Fact value US GAAP XBRL Concept
Deferred tax assets, gross 34,358,000,000 us-gaap:DeferredTaxAssetsGross
Valuation allowance -3,596,000,000 us-gaap:DeferredTaxAssetsValuationAllowance
Deferred tax assets, net 30,762,000,000
Deferred tax liabilities -9,569,000,000 us-gaap:DeferredTaxLiabilities
Deferred tax assets (liabilities), net 21,193,000,000 us-gaap:DeferredTaxAssetsLiabilitiesNet
CHECK 0

*

(Classified balance sheet) Deferred tax assets (liabilities), net components current/noncurrent asset/liability

Description Fact value US GAAP XBRL Concept
Deferred tax assets, net, current 0
Deferred tax assets, net, noncurrent 0
Deferred tax liabilities, net, current 0
Deferred tax liabilities, net, noncurrent 0 us-gaap:DeferredTaxLiabilities
Deferred tax assets (liabilities), net 21,193,000,000 us-gaap:DeferredTaxAssetsLiabilitiesNet
CHECK 0

*

(Unclassified balance sheet) Deferred tax assets (liabilities), net components asset/liability

Description Fact value US GAAP XBRL Concept
Deferred tax assets 30,762,000,000
Deferred tax liabilities, net -9,569,000,000 us-gaap:DeferredTaxLiabilities
Deferred tax assets (liabilities), net 21,193,000,000 us-gaap:DeferredTaxAssetsLiabilitiesNet
CHECK 0

*

*

Creative Commons License
This work is licensed under a Creative Commons License.

Valid CSS!