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

6 Months Ended

Jun. 30, 2013

HELD-FOR-SALE CLASSIFICATION AND DISCONTINUED OPERATIONS

Summary of assets and liabilities held for sale

(in millions)	June 30, 2013			December 31, 2012
Assets:
Equity securities	$	2		$	1
Mortgage and other loans receivable, net		118			117
Flight equipment primarily under operating leases, net of accumulated depreciation		34,948			34,468
Short-term investments		1,521			1,861
Cash		73			63
Premiums and other receivables, net of allowance		334			308
Other assets		2,062			1,864
Assets of businesses held for sale		39,058			38,682
Less: Loss accrual		(7,890	)		(6,717	)
Total assets held for sale	$	31,168		$	31,965
Liabilities:
Other liabilities	$	3,222		$	3,043
Long-term debt		23,274			24,323
Total liabilities held for sale	$	26,496		$	27,366

Summary of income (loss) from discontinued operations

	Three Months Ended June 30,						Six Months Ended June 30,
(in millions)	2013			2012			2013			2012
Revenues:
Aircraft leasing revenue	$	1,115		$	1,123		$	2,193		$	2,279
Net realized capital gains (losses)		–			(2	)		(1	)		(1	)
Other income		(4	)		(4	)		(7	)		(9	)
Total revenues		1,111			1,117			2,185			2,269
Benefits, claims and expenses, excluding Aircraft leasing expenses		383			389			771			798
Aircraft leasing expenses		90			646			180			1,271
Income from discontinued operations		638			82			1,234			200
Gain (loss) on sale		(591	)		(8	)		(1,027	)		12
Income from discontinued operations, before income tax expense		47			74			207			212
Income tax (benefit) expense		14			(105	)		81			(31	)
Income from discontinued operations, net of income tax	$	33		$	179		$	126		$	243