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Shareholders' Equity
9 Months Ended
Sep. 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 nine months ended September 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, July 1, 2022, as reported
$(7)$(1,721)$— $18 $(625)$(175)$(2,510)
Cumulative effect adjustments from changes in accounting standards (Note 1), after tax of $0, $(108), $228, $0, $0 and $0
365 (768)(403)
Balance, July 1, 2022, as adjusted
(7)(1,356)(768)18 (625)(175)(2,913)
Other comprehensive income (loss) before reclassifications, after tax of $1, $487, $(265), $0, $0, and $0
(1,837)994 (106)(943)
Reclassification of (gains) losses from accumulated other comprehensive income, after tax of $0, $(11), $0, $(1), $(2) and $0
(2)102 (2)104 
Other comprehensive income (loss)(2)(1,735)994 (106)(839)
Amounts attributable to noncontrolling interests(1)169 (104)(1)10 73 
Balance, September 30, 2022
$(10)$(2,922)$122 $22 $(620)$(271)$(3,679)
Balance, July 1, 2023
$(16)$(2,238)$(163)$20 $(609)$(154)$(3,160)
Other comprehensive income (loss) before reclassifications, after tax of $3, $295, $(217), $(2), $0 and $0
(9)(1,105)818 (1)(55)(352)
Reclassification of losses from accumulated other comprehensive loss, after tax of $(2), $(6), $0, $0, $(11) and $0
8 21 40 69 
Other comprehensive income (loss)(1)(1,084)818 (1)40 (55)(283)
Amounts attributable to noncontrolling interests1 95 (69)(1)5 31 
Purchase of CNA shares(46)(1)(10)(4)(61)
Balance, September 30, 2023
$(16)$(3,273)$585 $19 $(580)$(208)$(3,473)
 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 $1, $1,779, $(1,100), $3, $0 and $0
(5)(6,721)4,136 27 (189)(2,752)
Reclassification of (gains) losses from accumulated other comprehensive loss, after tax of $1, $(15), $0, $0, $(5) and $0
(3)117 18 133 
Other comprehensive income (loss)(8)(6,604)4,136 28 18 (189)(2,619)
Amounts attributable to noncontrolling interests673 (429)(2)18 260 
Balance, September 30, 2022
$(10)$(2,922)$122 $22 $(620)$(271)$(3,679)
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 $7, $235, $(180), $(1), $0 and $0
(25)(880)678 5 (4)(226)
Reclassification of losses from accumulated other comprehensive loss, after tax of $(4), $(14), $0, $0, $(15) and $0
15 53 55 123 
Other comprehensive income (loss)(10)(827)678 5 55 (4)(103)
Amounts attributable to noncontrolling interests1 69 (56)(3)11 
Purchase of CNA shares(46)(1)(10)(4)(61)
Balance, September 30, 2023
$(16)$(3,273)$585 $19 $(580)$(208)$(3,473)

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
Stock Purchases

Loews Corporation repurchased 11.9 million and 10.5 million shares of its common stock at aggregate costs of $711 million and $614 million during the nine months ended September 30, 2023 and 2022. Loews Corporation purchased 4.5 million shares of CNA’s common stock at an aggregate cost of $178 million during the nine months ended September 30, 2023.