HELD-FOR-SALE CLASSIFICATION AND DISCONTINUED OPERATIONS (Tables)

9 Months Ended

Sep. 30, 2013

HELD-FOR-SALE CLASSIFICATION AND DISCONTINUED OPERATIONS

Summary of assets and liabilities held for sale

(in millions)	September 30, 2013			December 31, 2012
Assets:
Equity securities	$	2		$	1
Mortgage and other loans receivable, net		178			117
Flight equipment primarily under operating leases,  net of accumulated depreciation		35,256			34,468
Short-term investments		548			1,861
Cash		71			63
Premiums and other receivables, net of allowance		300			308
Other assets		2,238			1,864
Assets held for sale		38,593			38,682
Less: Loss accrual		(8,473	)		(6,717	)
Total assets held for sale	$	30,120		$	31,965
Liabilities:
Other liabilities	$	3,195		$	3,043
Long-term debt		22,253			24,323
Total liabilities held for sale	$	25,448		$	27,366

Summary of income (loss) from discontinued operations

	Three Months Ended September 30,						Nine Months Ended September 30,
(in millions)	2013			2012			2013			2012
Revenues:
Aircraft leasing revenue	$	1,120		$	1,147		$	3,313		$	3,426
Net realized capital gains		1			1			–			–
Other income (loss)		(3	)		(5	)		(10	)		(14	)
Total revenues		1,118			1,143			3,303			3,412
Benefits, claims and expenses, excluding Aircraft leasing expenses		341			386			1,112			1,184
Aircraft leasing expenses		196			720			376			1,991
Income from discontinued operations		581			37			1,815			237
Gain (loss) on sale		(609	)		–			(1,636	)		12
Income (loss) from discontinued operations, before income tax (benefit) expense		(28	)		37			179			249
Income tax (benefit) expense		14			–			95			(31	)
Income (loss) from discontinued operations, net of income tax	$	(42	)	$	37		$	84		$	280