XML 155 R140.htm IDEA: XBRL DOCUMENT v3.20.4
Schedule I - Condensed Financial Information of Registrant, Statements of Cash Flows (Details) - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
Operating Activities [Abstract]      
Net income $ (1,291) $ 871 $ 706
Adjustments to reconcile net income to net cash provided (used) by operating activities [Abstract]      
Equity method investees 102 20 572
Provision for deferred income taxes (235) 70 86
Changes in operating assets and liabilities, net [Abstract]      
Receivables (425) 114 (131)
Trading securities (571) (494) 1,702
Net cash flow provided by operating activities 1,745 1,741 4,222
Investing Activities [Abstract]      
Change in investments, primarily short term 427 (57) (339)
Other (127) (206) (60)
Net cash flow used by investing activities (1,414) (671) (1,444)
Financing Activities [Abstract]      
Dividends paid (70) (76) (80)
Purchases of treasury shares (923) (1,051) (1,026)
Issuance of debt 2,659 2,076 865
Other (2) (16) 74
Net cash flow (used) provided by financing activities (198) (1,144) (2,835)
Net change in cash 142 (69) (67)
Cash, beginning of year 336 405 472
Cash, end of year 478 336 405
Loews Corporation [Member]      
Operating Activities [Abstract]      
Net income (931) 932 636
Adjustments to reconcile net income to net cash provided (used) by operating activities [Abstract]      
Equity method investees 834 36 401
Loss on deconsolidation 1,211    
Provision for deferred income taxes (196) 106 113
Changes in operating assets and liabilities, net [Abstract]      
Receivables   1 3
Accounts payable and accrued liabilities (38) (29) 92
Trading securities (566) (478) 1,702
Other, net 44 36 19
Net cash flow provided by operating activities 358 604 2,966
Investing Activities [Abstract]      
Investments in and advances to subsidiaries (169) 183 (135)
Change in investments, primarily short term 326 326 (187)
Purchase of Boardwalk Pipelines common units     (1,504)
Other     (2)
Net cash flow used by investing activities 157 509 (1,828)
Financing Activities [Abstract]      
Dividends paid (70) (76) (80)
Purchases of treasury shares (923) (1,051) (1,026)
Issuance of debt 495    
Other (5) (5) (3)
Net cash flow (used) provided by financing activities (503) (1,132) (1,109)
Net change in cash 12 (19) 29
Cash, beginning of year 10 29  
Cash, end of year 22 10 29
Cash dividends paid to Company by affiliates $ 947 $ 927 $ 878