We report and classify a business as held-for-sale (“Held-For-Sale Business”) when management has approved or received approval to sell the business and is committed to a formal plan, the business is available for immediate sale, the business is being actively marketed, the sale is anticipated to occur during the next 12 months and certain other specified criteria are met. A Held-For-Sale Business is recorded at the lower of its carrying amount or estimated fair value less cost to sell. If the carrying amount of the business exceeds its estimated fair value less cost to sell, a loss is recognized.

Assets and liabilities related to a Held-For-Sale Business are segregated and reported in Assets held-for-sale and Liabilities held-for-sale, respectively, in our Condensed Consolidated Balance Sheets beginning in the period in which the business is classified as held-for-sale. At March 31, 2024, the following businesses were reported and classified as held-for-sale:

The following table summarizes the components of assets and liabilities held-for-sale on the Condensed Consolidated Balance Sheet at March 31, 2024 and December 31, 2023 after elimination of intercompany balances:


	March 31, 2024						December 31, 2023
(in millions)	AIG Life		Other		Total		AIG Life		Other		Total
Assets:
Bonds available-for-sale	$	160	$	—	$	160	$	167	$	—	$	167
Other invested assets	—		167		167		—		67		67
Short-term investments	24		—		24		11		—		11
Cash	—		—		—		3		—		3
Accrued investment income	3		—		3		3		—		3
Premiums and other receivables, net of allowance for credit losses and disputes	131		—		131		116		—		116
Reinsurance assets - other, net of allowance for credit losses and disputes	882		—		882		899		—		899
Deferred income taxes	47		—		47		47		—		47
Deferred policy acquisition costs	841		—		841		814		—		814
Other assets*	82		12		94		83		27		110
Total assets held-for-sale	$	2,170	$	179	$	2,349	$	2,143	$	94	$	2,237
Liabilities:
Future policy benefits for life and accident and health insurance contracts	$	842	$	—	$	842	$	838	$	—	$	838

Other liabilities	931		—		931		908		—		908
Total liabilities held-for-sale	$	1,773	$	—	$	1,773	$	1,746	$	—	$	1,746

* Other assets includes goodwill and other intangibles of $23 million and $3 million, respectively for AIG Life at March 31, 2024 and $23 million and $3 million, respectively at December 31, 2023.