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Shareholders' Equity | 6 Months Ended
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Jun. 30, 2021
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 and six months ended June 30, 2020 and 2021:
|  | Net Unrealized |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  | Gains (Losses) |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Total |
|  | on Investments |  |  | Net Unrealized |  |  | Unrealized |  |  |  |  |  |  |  |  | Accumulated |
|  | with an |  |  | Gains (Losses) |  |  | Gains (Losses) |  |  | Pension and |  |  | Foreign |  |  | Other |
|  | Allowance for |  |  | on Other |  |  | on Cash Flow |  |  | Postretirement |  |  | Currency |  |  | Comprehensive |
|  | Credit Losses |  |  | Investments |  |  | Hedges |  |  | Benefits |  |  | Translation |  |  | Income (Loss) |
(In millions) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Balance, April 1, 2020 |  | $ | (10 | ) |  | $ | (15 | ) |  | $ | (25 | ) |  | $ | (842 | ) |  | $ | (201 | ) |  | $ | (1,093 | )
Other comprehensive income (loss) before reclassifications, after tax of $0, $(321), $2, $0 and $0 |  |  | (2 | ) |  |  | 1,209 |  |  |  | (1 | ) |  |  | (2 | ) |  |  | 29 |  |  |  | 1,233 |
Reclassification of (income) losses from accumulated other comprehensive income, after tax of $(1), $4, $(1), $(2) and $0 |  |  | 4 |  |  |  | (18 | ) |  |  | 1 |  |  |  | 8 |  |  |  |  |  |  |  | (5 | )
Other comprehensive income |  |  | 2 |  |  |  | 1,191 |  |  |  | - |  |  |  | 6 |  |  |  | 29 |  |  |  | 1,228 |
Amounts attributable to noncontrolling interests |  |  |  |  |  |  | (126 | ) |  |  |  |  |  |  | (1 | ) |  |  | (3 | ) |  |  | (130 | )
Balance, June 30, 2020 |  | $ | (8 | ) |  | $ | 1,050 |  |  | $ | (25 | ) |  | $ | (837 | ) |  | $ | (175 | ) |  | $ | 5 |
Balance, April 1, 2021 |  | $ | - |  |  | $ | 1,002 |  |  | $ | (19 | ) |  | $ | (869 | ) |  | $ | (80 | ) |  | $ | 34 |
Other comprehensive income (loss) before reclassifications, after tax of $0, $(82), $(1), $0 and $0 |  |  | 1 |  |  |  | 323 |  |  |  | 8 |  |  |  | (2 | ) |  |  | 11 |  |  |  | 341 |
Reclassification of (income) losses from accumulated other comprehensive income, after tax of $0, $7, $(1), $(3) and $0 |  |  | (1 | ) |  |  | (23 | ) |  |  |  |  |  |  | 9 |  |  |  |  |  |  |  | (15 | )
Other comprehensive income |  |  | - |  |  |  | 300 |  |  |  | 8 |  |  |  | 7 |  |  |  | 11 |  |  |  | 326 |
Amounts attributable to noncontrolling interests |  |  |  |  |  |  | (31 | ) |  |  |  |  |  |  | (1 | ) |  |  | (1 | ) |  |  | (33 | )
Balance, June 30, 2021 |  | $ | - |  |  | $ | 1,271 |  |  | $ | (11 | ) |  | $ | (863 | ) |  | $ | (70 | ) |  | $ | 327 |
|  | Net Unrealized |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  | Gains (Losses) |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Total |
|  | on Investments |  |  | Net Unrealized |  |  | Unrealized |  |  |  |  |  |  |  |  | Accumulated |
|  | with an |  |  | Gains (Losses) |  |  | Gains (Losses) |  |  | Pension and |  |  | Foreign |  |  | Other |
|  | Allowance for |  |  | on Other |  |  | on Cash Flow |  |  | Postretirement |  |  | Currency |  |  | Comprehensive |
|  | Credit Losses |  |  | Investments |  |  | Hedges |  |  | Benefits |  |  | Translation |  |  | Income (Loss) |
(In millions) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Balance, January 1, 2020 |  | $ | - |  |  | $ | 918 |  |  | $ | (6 | ) |  | $ | (855 | ) |  | $ | (125 | ) |  | $ | (68 | )
Other comprehensive income (loss) before reclassifications, after tax of $13, $(34), $8, $0 and $0 |  |  | (50 | ) |  |  | 143 |  |  |  | (20 | ) |  |  | (1 | ) |  |  | (55 | ) |  |  | 17 |
Reclassification of losses from accumulated other comprehensive income, after tax of $(11), $(2), $(1), $(5) and $0 |  |  | 41 |  |  |  | 4 |  |  |  | 1 |  |  |  | 21 |  |  |  |  |  |  |  | 67 |
Other comprehensive income (loss) |  |  | (9 | ) |  |  | 147 |  |  |  | (19 | ) |  |  | 20 |  |  |  | (55 | ) |  |  | 84 |
Amounts attributable to noncontrolling interests |  |  | 1 |  |  |  | (15 | ) |  |  |  |  |  |  | (2 | ) |  |  | 5 |  |  |  | (11 | )
Balance, June 30, 2020 |  | $ | (8 | ) |  | $ | 1,050 |  |  | $ | (25 | ) |  | $ | (837 | ) |  | $ | (175 | ) |  | $ | 5 |
Balance, January 1, 2021 |  | $ | - |  |  | $ | 1,563 |  |  | $ | (23 | ) |  | $ | (877 | ) |  | $ | (82 | ) |  | $ | 581 |
Other comprehensive income (loss) before reclassifications, after tax of $1, $72, $(3), $0 and $0 |  |  | (2 | ) |  |  | (270 | ) |  |  | 11 |  |  |  | (2 | ) |  |  | 14 |  |  |  | (249 | )
Reclassification of (income) losses from accumulated other comprehensive income, after tax of $(1), $15, $(2), $(5) and $0 |  |  | 2 |  |  |  | (57 | ) |  |  | 1 |  |  |  | 18 |  |  |  |  |  |  |  | (36 | )
Other comprehensive income (loss) |  |  | - |  |  |  | (327 | ) |  |  | 12 |  |  |  | 16 |  |  |  | 14 |  |  |  | (285 | )
Amounts attributable to noncontrolling interests |  |  |  |  |  |  | 35 |  |  |  |  |  |  |  | (2 | ) |  |  | (2 | ) |  |  | 31 |
Balance, June 30, 2021 |  | $ | - |  |  | $ | 1,271 |  |  | $ | (11 | ) |  | $ | (863 | ) |  | $ | (70 | ) |  | $ | 327 |
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 9.5 million and 10.7 million shares of its common stock at an aggregate cost of $493 million and $478 million during the six months ended June 30, 2021 and 2020.

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