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Assets and Liabilities of Business Held for Sale
3 Months Ended
Mar. 31, 2020
Discontinued Operations and Disposal Groups [Abstract]  
Assets and Liabilities of Business Held for Sale Assets and Liabilities of Business Held for Sale
In December 2019, Cigna entered into a definitive agreement to sell its U.S. Group Disability and Life insurance business to New York Life Insurance Company for $6.3 billion. The sale is expected to close in the third quarter of 2020 following applicable regulatory approvals and other customary closing conditions. The Company believes this sale is probable and has aggregated and classified the assets and liabilities directly associated with the pending sale of its Group Disability and Life insurance business as held for sale and has reported them separately on our Consolidated Balance Sheets as of March 31, 2020 and December 31, 2019. The assets and liabilities of business held for sale were as follows:
(In millions)March 31, 2020December 31, 2019
Cash and cash equivalents$597  $743  
Accounts receivable, net616  521  
Investments7,659  7,709  
Other assets547  539  
Total assets of business held for sale9,419  9,512  
Insurance and contractholder liabilities6,441  6,308  
Other liabilities602  504  
Total liabilities of business held for sale$7,043  $6,812