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Property, Plant and Equipment
 12 Months Ended
Dec. 31, 2025
Property, Plant and Equipment [Abstract]  
Property, Plant and Equipment Property, Plant and Equipment
December 3120252024
(In millions)  
   
Pipeline equipment (net of accumulated depreciation of $5,184 and $4,819)
$8,330 $8,478 
Hotel properties (net of accumulated depreciation of $709 and $646)
1,522 1,517 
Other (net of accumulated depreciation of $556 and $578)
486 496 
Construction in process357 247 
Property, plant and equipment$10,695 $10,738 

Depreciation expense and capital expenditures are as follows:

Year Ended December 31
202520242023
 Depre-ciationCapital Expend.Depre-ciationCapital
Expend.		Depre-ciationCapital Expend.
(In millions)      
       
CNA Financial$65 $73 $59 $105 $54 $97 
Boardwalk Pipelines440 386 426 365 410 383 
Loews Hotels & Co100 143 93 115 69 201 
Corporate2 2 1 12 
Total$607 $602 $580 $585 $534 $693 

Capitalized interest related to the construction and upgrade of qualifying assets amounted to approximately $11 million, $27 million and $32 million for the years ended December 31, 2025, 2024 and 2023.