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Shareholders' Equity
6 Months Ended
Jun. 30, 2023
Equity [Abstract]  
Shareholders' Equity 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, 2022 and 2023:

 Net Unrealized Gains (Losses) on Investments with an Allowance for Credit Losses Net Unrealized Gains (Losses) on Other Investments Cumulative
impact of
changes in
discount
rates used to
measure long
duration
contracts
Unrealized Gains (Losses) on Cash Flow Hedges Pension and Postretirement Benefits Foreign Currency Translation Total Accumulated Other Comprehensive Income (Loss)
(In millions)      
       
Balance, April 1, 2022, as reported
$(6)$(513)$— $12 $(630)$(114)$(1,251)
Cumulative effect adjustments from changes in accounting standards (Note 1), after tax of $0, $270, $(497), $0, $0 and $0
1,154 (2,119)(965)
Balance, April 1, 2022, as adjusted
(6)641 (2,119)12 (630)(114)(2,216)
Other comprehensive income (loss) before reclassifications, after tax of $(1), $593, $(400), $5, $2, and $0
(1)(2,240)1,507 (2)(68)(798)
Reclassification of (gains) losses from accumulated other comprehensive income, after tax of $1, $(3), $0, $2, $(1) and $0
(1)14 20 
Other comprehensive income (loss)(2)(2,226)1,507 (68)(778)
Amounts attributable to noncontrolling interests229 (156)81 
Balance, June 30, 2022
$(7)$(1,356)$(768)$18 $(625)$(175)$(2,913)
Balance, April 1, 2023
$(14)$(1,867)$(393)$12 $(614)$(186)$(3,062)
Other comprehensive income (loss) before reclassifications, after tax of $2, $116, $(68), $0, $0 and $0
(8)(427)256 8 35 (136)
Reclassification of (gains) losses from accumulated other comprehensive loss, after tax of $(2), $(4), $0, $0, $(2) and $0
7 14  6 27 
Other comprehensive income (loss)(1)(413)256 8 6 35 (109)
Amounts attributable to noncontrolling interests(1)42 (26) (1)(3)11 
Balance, June 30, 2023
$(16)$(2,238)$(163)$20 $(609)$(154)$(3,160)
 Net Unrealized Gains (Losses) on Investments with an Allowance for Credit Losses Net Unrealized Gains (Losses) on Other Investments Cumulative
impact of
changes in
discount
rates used to
measure long
duration
contracts
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, 2022, as reported
$(2)$930 $— $(6)$(636)$(100)$186 
Cumulative effect adjustments from changes in accounting standards (Note 1), after tax of $0, $617, $(1,063), $0, $0 and $0
2,079 (3,585)(1,506)
Balance, January 1, 2022, as adjusted
(2)3,009 (3,585)(6)(636)(100)(1,320)
Other comprehensive income (loss) before reclassifications, after tax of $0, $1,292, $(835), $3, $0 and $0
(5)(4,884)3,142 21 (83)(1,809)
Reclassification of (gains) losses from accumulated other comprehensive loss, after tax of $1, $(4), $0, $1, $(3) and $0
(1)15 12 29 
Other comprehensive income (loss)(6)(4,869)3,142 24 12 (83)(1,780)
Amounts attributable to noncontrolling interests504 (325)(1)187 
Balance, June 30, 2022
$(7)$(1,356)$(768)$18 $(625)$(175)$(2,913)
Balance, January 1, 2023, as reported
$(7)$(2,469)$ $14 $(622)$(200)$(3,284)
Cumulative effect adjustments from changes in accounting standards (Note 1), after tax of $0, $0, $11, $0, $0 and $0
(36)(36)
Balance, January 1, 2023, as adjusted
(7)(2,469)(36)14 (622)(200)(3,320)
Other comprehensive income (loss) before reclassifications, after tax of $4, $(60), $37, $1, $0 and $0
(16)225 (140)6  51 126 
Reclassification of losses from accumulated other comprehensive loss, after tax of $(2), $(8), $0, $0, $(4) and $0
7 32   15  54 
Other comprehensive income (loss)(9)257 (140)6 15 51 180 
Amounts attributable to noncontrolling interests (26)13  (2)(5)(20)
Balance, June 30, 2023
$(16)$(2,238)$(163)$20 $(609)$(154)$(3,160)
Amounts reclassified from AOCI shown above are reported in Net income (loss) as follows:

Major Category of AOCIAffected Line Item
  
Net unrealized gains (losses) on investments with an allowance for credit losses and Net unrealized gains (losses) on other investmentsInvestment gains (losses)
Unrealized gains (losses) on cash flow hedgesOperating revenues and other, Interest expense and Operating expenses and other
Pension and postretirement benefitsOperating expenses and other
Treasury Stock

Loews Corporation repurchased 10.0 million and 6.3 million shares of its common stock at aggregate costs of $593 million and $384 million during the six months ended June 30, 2023 and 2022. Loews Corporation purchased 0.1 million shares of CNA’s common stock at an aggregate cost of $3 million during the six months ended June 30, 2023.