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Shareholders' Equity | 3 Months Ended
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Mar. 31, 2020
Shareholders' Equity [Abstract] |
Shareholders' Equity | 6. Shareholders’ Equity Accumulated other comprehensive income (loss) The tables below present the changes in AOCI by component for the three months ended March 31, 2019 and 2020:
|  | Net Unrealized Gains (Losses) on Investments with OTTI Losses |  |  | Net Unrealized Gains (Losses) on Other Investments |  |  | Unrealized Gains (Losses) on Cash Flow Hedges |  |  | Pension and Postretirement Benefits |  |  | Foreign Currency Translation |  |  | Total Accumulated Other Comprehensive Income (Loss) |
(In millions) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Balance, January 1, 2019 (a) |  | $ | 14 |  |  | $ | 57 |  |  | $ | 5 |  |  | $ | (793 | ) |  | $ | (163 | ) |  | $ | (880 | )
Other comprehensive income (loss) before reclassifications, after tax of $(1), $(140), $2, $0 and $0 |  |  | 4 |  |  |  | 521 |  |  |  | (6 | ) |  |  | (1 | ) |  |  | 17 |  |  |  | 535 |
Reclassification of losses from accumulated other comprehensive income, after tax of $0, $(1), $0, $(2) and $0 |  |  |  |  |  |  | 5 |  |  |  |  |  |  |  | 9 |  |  |  |  |  |  |  | 14 |
Other comprehensive income (loss) |  |  | 4 |  |  |  | 526 |  |  |  | (6 | ) |  |  | 8 |  |  |  | 17 |  |  |  | 549 |
Amounts attributable to noncontrolling interests |  |  |  |  |  |  | (56 | ) |  |  |  |  |  |  | (1 | ) |  |  | (2 | ) |  |  | (59 | )
Balance, March 31, 2019 |  | $ | 18 |  |  | $ | 527 |  |  | $ | (1 | ) |  | $ | (786 | ) |  | $ | (148 | ) |  | $ | (390 | )
|  | Net Unrealized Gains (Losses) on Investments with an Allowance for Credit Losses |  |  | Net Unrealized Gains (Losses) on Other Investments |  |  | Unrealized Gains (Losses) on Cash Flow Hedges |  |  | Pension and Postretirement Benefits |  |  | Foreign Currency Translation |  |  | Total Accumulated Other Comprehensive Income (Loss) |
(In millions) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Balance, January 1, 2020 (a) |  | $ | - |  |  | $ | 918 |  |  | $ | (6 | ) |  | $ | (855 | ) |  | $ | (125 | ) |  | $ | (68 | )
Other comprehensive income (loss) before reclassifications, after tax of $13, $287, $6, $0 and $0 |  |  | (48 | ) |  |  | (1,066 | ) |  |  | (19 | ) |  |  | 1 |  |  |  | (84 | ) |  |  | (1,216 | )
Reclassification of losses from accumulated other comprehensive income, after tax of $(10), $(6), $0, $(3) and $0 |  |  | 37 |  |  |  | 22 |  |  |  |  |  |  |  | 13 |  |  |  |  |  |  |  | 72 |
Other comprehensive income (loss) |  |  | (11 | ) |  |  | (1,044 | ) |  |  | (19 | ) |  |  | 14 |  |  |  | (84 | ) |  |  | (1,144 | )
Amounts attributable to noncontrolling interests |  |  | 1 |  |  |  | 111 |  |  |  |  |  |  |  | (1 | ) |  |  | 8 |  |  |  | 119 |
Balance, March 31, 2020 |  | $ | (10 | ) |  | $ | (15 | ) |  | $ | (25 | ) |  | $ | (842 | ) |  | $ | (201 | ) |  | $ | (1,093 | )
(a) | On January 1, 2020, the Company adopted ASU 2016-13; see Note 1. The Net unrealized gains (losses) on investments with OTTI losses column that tracked the change in unrealized gains (losses) on investments with OTTI losses has been replaced with the Net unrealized gains (losses) on investments with an allowance for credit losses column. The balance as of January 1, 2020 in the Net unrealized gains (losses) on investments with OTTI losses column is now reported in the Net unrealized gains (losses) on other investments column. Prior period amounts were not adjusted for the adoption of this standard.
Amounts reclassified from AOCI shown above are reported in Net income (loss) as follows:
Major Category of AOCI |  | Affected Line Item
Net unrealized gains (losses) on investments with an allowance for credit losses, Net unrealized gains (losses) on investments with OTTI losses, and Net unrealized gains (losses) on other investments |  | Investment gains (losses)
Unrealized gains (losses) on cash flow hedges |  | Operating revenues and other, Interest expense and Operating expenses and other
Pension and postretirement benefits |  | Operating expenses and other
Treasury Stock Loews Corporation repurchased 9.7 million and 6.8 million shares of its common stock at an aggregate cost of $445 million and $322 million during the three months ended March 31, 2020 and 2019.

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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://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -URI http://asc.fasb.org/topic&trid=2208762 + Details
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