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Shareholders' Equity | 9 Months Ended
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Sep. 30, 2016
Equity [Abstract] |
Shareholders' Equity | 8. Shareholders’ Equity Accumulated other comprehensive income (loss) The tables below display the changes in Accumulated other comprehensive income (“AOCI”) by component for the three and nine months ended September 30, 2015 and 2016:
|  | OTTI Gains (Losses) |  |  | Unrealized Gains (Losses) on Investments |  |  | Cash Flow Hedges |  |  | Pension Liability |  |  | Foreign Currency Translation |  |  | Total Accumulated Other Comprehensive Income (Loss) |
(In millions) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Balance, July 1, 2015 |  |  | $ 28 |  |  |  | $ 619 |  |  |  | $ (3) |  |  |  | $ (598) |  |  |  | $ 7 |  |  |  | $ 53 |
Other comprehensive income (loss) before reclassifications, after tax of $(1), $38, $0, $(1) and $0 |  |  | 2 |  |  |  | (70) |  |  |  |  |  |  |  | (1) |  |  |  | (53) |  |  |  | (122) |
Reclassification of losses from accumulated other comprehensive income, after tax of $0, $(17), $0, $(2) and $0 |  |  |  |  |  |  | 31 |  |  |  | 1 |  |  |  | 5 |  |  |  |  |  |  |  | 37 |
Other comprehensive income (loss) |  |  | 2 |  |  |  | (39) |  |  |  | 1 |  |  |  | 4 |  |  |  | (53) |  |  |  | (85) |
Amounts attributable to noncontrolling interests |  |  |  |  |  |  | 4 |  |  |  | (1) |  |  |  | 1 |  |  |  | 5 |  |  |  | 9 |
Balance, September 30, 2015 |  |  | $ 30 |  |  |  | $ 584 |  |  |  | $ (3) |  |  |  | $ (593) |  |  |  | $ (41) |  |  |  | $ (23) |
Balance, July 1, 2016 |  |  | $ 28 |  |  |  | $ 838 |  |  |  | $ (2) |  |  |  | $ (639) |  |  |  | $ (106) |  |  |  | $ 119 |
Other comprehensive income (loss) before reclassifications, after tax of $(4), $(32), $0, $0 and $0 |  |  | 7 |  |  |  | 69 |  |  |  |  |  |  |  |  |  |  |  | (24) |  |  |  | 52 |
Reclassification of (gains) losses from accumulated other comprehensive income, after tax of $2, $13, $0, $(4) and $0 |  |  | (4) |  |  |  | (27) |  |  |  | 1 |  |  |  | 7 |  |  |  |  |  |  |  | (23) |
Other comprehensive income (loss) |  |  | 3 |  |  |  | 42 |  |  |  | 1 |  |  |  | 7 |  |  |  | (24) |  |  |  | 29 |
Amounts attributable to noncontrolling interests |  |  | (1) |  |  |  | (4) |  |  |  | (1) |  |  |  |  |  |  |  | 2 |  |  |  | (4) |
Balance, September 30, 2016 |  |  | $ 30 |  |  |  | $ 876 |  |  |  | $ (2) |  |  |  | $ (632) |  |  |  | $ (128) |  |  |  | $ 144 |
|  | OTTI Gains (Losses) |  |  | Unrealized Gains (Losses) on Investments |  |  | Cash Flow Hedges |  |  | Pension Liability |  |  | Foreign Currency Translation |  |  | Total Accumulated Other Comprehensive Income (Loss) |
(In millions) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Balance, January 1, 2015 |  |  | $ 32 |  |  |  | $ 846 |  |  |  | $ (6) |  |  |  | $ (641) |  |  |  | $ 49 |  |  |  | $ 280 |
Other comprehensive income (loss) before reclassifications, after tax of $1, $162, $1, $(19) and $0 |  |  | (3) |  |  |  | (321) |  |  |  | (2) |  |  |  | 36 |  |  |  | (100) |  |  |  | (390) |
Reclassification of losses from accumulated other comprehensive income, after tax of $0, $(22), $(2), $(9) and $0 |  |  |  |  |  |  | 29 |  |  |  | 7 |  |  |  | 15 |  |  |  |  |  |  |  | 51 |
Other comprehensive income (loss) |  |  | (3) |  |  |  | (292) |  |  |  | 5 |  |  |  | 51 |  |  |  | (100) |  |  |  | (339) |
Issuance of equity securities by subsidiary |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 1 |  |  |  |  |  |  |  | 1 |
Amounts attributable to noncontrolling interests |  |  | 1 |  |  |  | 30 |  |  |  | (2) |  |  |  | (4) |  |  |  | 10 |  |  |  | 35 |
Balance, September 30, 2015 |  |  | $ 30 |  |  |  | $ 584 |  |  |  | $ (3) |  |  |  | $ (593) |  |  |  | $ (41) |  |  |  | $ (23) |
Balance, January 1, 2016 |  |  | $ 24 |  |  |  | $ 347 |  |  |  | $ (3) |  |  |  | $ (649) |  |  |  | $ (76) |  |  |  | $ (357) |
Other comprehensive income (loss) before reclassifications, after tax of $(5), $(304), $0, $0 and $0 |  |  | 9 |  |  |  | 608 |  |  |  |  |  |  |  |  |  |  |  | (58) |  |  |  | 559 |
Reclassification of (gains) losses from accumulated other comprehensive income, after tax of $1, $12, $0, $(11) and $0 |  |  | (2) |  |  |  | (17) |  |  |  | 2 |  |  |  | 20 |  |  |  |  |  |  |  | 3 |
Other comprehensive income (loss) |  |  | 7 |  |  |  | 591 |  |  |  | 2 |  |  |  | 20 |  |  |  | (58) |  |  |  | 562 |
Amounts attributable to noncontrolling interests |  |  | (1) |  |  |  | (62) |  |  |  | (1) |  |  |  | (3) |  |  |  | 6 |  |  |  | (61) |
Balance, September 30, 2016 |  |  | $ 30 |  |  |  | $ 876 |  |  |  | $ (2) |  |  |  | $ (632) |  |  |  | $ (128) |  |  |  | $ 144 |
Amounts reclassified from AOCI shown above are reported in Net income as follows:
Major Category of AOCI |  | Affected Line Item
OTTI gains (losses) |  | Investment gains (losses)
Unrealized gains (losses) on investments |  | Investment gains (losses)
Cash flow hedges |  | Other revenues and Contract drilling expenses
Pension liability |  | Other operating expenses
Subsidiary Equity Transactions Loews purchased 0.3 million shares of CNA common stock at an aggregate cost of $8 million during the nine months ended September 30, 2016. The Company’s percentage ownership interest in CNA remained unchanged as a result of these transactions, at 90%. The Company’s purchase price of the shares was lower than the carrying value of its investment in CNA, resulting in an increase to Additional paid-in capital (“APIC”) of $3 million. Treasury Stock The Company repurchased 3.0 million and 16.3 million shares of Loews common stock at aggregate costs of $115 million and $633 million during the nine months ended September 30, 2016 and 2015.

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- Definition The entire disclosure for shareholders' equity comprised of portions attributable to the parent entity and noncontrolling interest, including other comprehensive income. Includes, but is not limited to, balances of common stock, preferred stock, additional paid-in capital, other capital and retained earnings, accumulated balance for each classification of other comprehensive income and amount of comprehensive income. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 310 -SubTopic 10 -Section S99 -Paragraph 4 -Subparagraph (SAB Topic 4.E) -URI http://asc.fasb.org/extlink&oid=27010918&loc=d3e74567-122707 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 4 -URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21484-112644 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(29)) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 5 -URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21488-112644 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.4-08(e)) -URI http://asc.fasb.org/extlink&oid=26873400&loc=d3e23780-122690 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(31)) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 Reference 7: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section S99 -Paragraph 4 -Subparagraph (SAB Topic 4.C) -URI http://asc.fasb.org/extlink&oid=27012166&loc=d3e187143-122770 Reference 8: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(30)) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 Reference 9: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 6 -URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21506-112644 Reference 10: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.4-08(d)) -URI http://asc.fasb.org/extlink&oid=26873400&loc=d3e23780-122690 Reference 11: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.3-04) -URI http://asc.fasb.org/extlink&oid=27012166&loc=d3e187085-122770 Reference 12: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 30 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=6405834&loc=d3e23285-112656 Reference 13: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21475-112644 Reference 14: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Glossary Preferred Stock -URI http://asc.fasb.org/extlink&oid=6521494 Reference 15: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21463-112644 Reference 16: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 11 -URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21564-112644 + Details
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