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ITEM 8 / NOTE 4. DIVESTED BUSINESSES, HELD-FOR-SALE CLASSIFICATION AND DISCONTINUEDOPERATIONS.....................................................................................................................................................................................The following table summarizes the components of assets and liabilities held-for-sale on the ConsolidatedBalance Sheet as of December 31, 2012:December 31,(in millions) 2012Assets:Equity securitiesMortgage and other loans receivable, netFlight equipment primarily under operating leases, net of accumulated depreciationShort-term investmentsCashPremiums and other receivables, net of allowanceOther assetsAssets of businesses held for saleLess: Loss AccrualTotal assets held for saleLiabilities:Other liabilitiesOther long-term debtTotal liabilities held for sale$ 111734,4681,861633081,86438,682(6,717)$ 31,965$ 3,04324,323$ 27,366Discontinued Operations..............................................................................................................................................................................................We report the results of operations of a business as discontinued operations if the business is classified as held forsale, the operations and cash flows of the business have been or will be eliminated from our ongoing operations as aresult of a disposal transaction and we will not have any significant continuing involvement in the operations of thebusiness after the disposal transaction. The results of discontinued operations are reported in DiscontinuedOperations in the Consolidated Statement of Operations for current and prior periods commencing in the period inwhich the business meets the criteria of a discontinued operation, and include any gain or loss recognized on closingor adjustment of the carrying amount to fair value less cost to sell.The results of operations for the following businesses are presented as discontinued operations in our ConsolidatedStatement of Operations.International Lease Finance Corporation Sale..............................................................................................................................................................................................On December 9, 2012, we entered into a definitive agreement with Jumbo Acquisition Limited for the sale of80.1 percent of the common stock of ILFC for approximately $4.2 billion in cash. Jumbo Acquisition Limited mayelect to purchase an additional 9.9 percent of the common stock of ILFC for $522.5 million (the Option) by the laterof March 15, 2013 and ten days after approval of the ILFC Transaction and the Option by the Committee on ForeignInvestment in the United States. We will retain a 19.9 percent ownership interest in ILFC, or a 10.0 percentownership interest in ILFC, if the Option is exercised by Jumbo Acquisition Limited, in each case subject to dilutionfor management issuances (which, over time, would reduce our ownership interest by approximately one percentagepoint). The transaction is subject to required regulatory approvals and other customary closing conditions. Wedetermined ILFC met the criteria at December 31, 2012 for held for sale and discontinued operations accounting and,consequently, we recorded a $4.4 billion after tax loss for the year ended December 31, 2012, which is reported inIncome (loss) from discontinued operations in the Consolidated Statement of Operations. At the closing of thetransaction, AIG will return $1.1 billion to ILFC in connection with the termination of intercompany arrangementsbetween AIG and ILFC...................................................................................................................................................................................................................................AIG 2012 Form 10-K 229