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Debt (Tables)
 12 Months Ended
Dec. 31, 2019
Debt Disclosure [Abstract]  
Schedule of Long-Term Debt Instruments
December 31
 
2019
 
  
2018
 
(In millions)
 
 
  
 
Loews Corporation (Parent Company):
 
 
 
  
 
 
Senior:
   
     
 
2.6% notes due 2023 (effective interest rate of 2.8%) (authorized, $
500
)
 
$
500
 
   $
500
 
3.8% notes due 2026 (effective interest rate of 3.9%) (authorized, $
500
)
 
 
500
 
    
500
 
6.0% notes due 2035 (effective interest rate of 6.2%) (authorized, $
300
)
 
 
300
 
    
300
 
4.1% notes due 2043 (effective interest rate of 4.3%) (authorized, $
500
)
 
 
500
 
    
500
 
CNA Financial:
 
 
 
  
 
 
Senior:
   
     
 
5.9% notes due 2020 (effective interest rate of 6.0%) (authorized, $
500
)
 
 
 
 
    
500
 
5.8% notes due 2021 (effective interest rate of 5.9%) (authorized, $
400
)
 
 
400
 
    
400
 
7.3% debentures due 2023 (effective interest rate of 7.3%) (authorized, $
250
)
 
 
243
 
    
243
 
4.0% notes due 2024 (effective interest rate of 4.0%) (authorized, $
550
)
 
 
550
 
    
550
 
4.5% notes due 2026 (effective interest rate of 4.5%) (authorized, $
500
)
 
 
500
 
    
500
 
3.5% notes due 2027 (effective interest rate of 3.5%) (authorized, $
500
)
 
 
500
 
    
500
 
3.9% notes due 2029 (effective interest rate of 3.9%) (authorized, $
500
)
 
 
500
 
    
 
F
inance
 lease obligation
   
     
1
 
Diamond Offshore:
 
 
 
  
 
 
Senior:
   
     
 
3.5% notes due 2023 (effective interest rate of 3.5%) (authorized, $
250
)
 
 
250
 
    
250
 
7.9% notes due 2025 (effective interest rate of 8.0%) (authorized, $
500
)
 
 
500
 
    
500
 
5.7% notes due 2039 (effective interest rate of 5.8%) (authorized, $
500
)
 
 
500
 
    
500
 
4.9% notes due 2043 (effective interest rate of 4.9%) (authorized, $
750
)
 
 
750
 
    
750
 
Boardwalk Pipelines:
 
 
 
  
 
 
Senior:
   
     
 
Variable rate revolving credit facility due 2022 (effective interest rate of 3.0% and 3.7%)
 
 
295
 
    
580
 
5.8% notes due 2019 (effective interest rate of 5.9%) (authorized, $
350
)
 
 
 
 
    
350
 
4.5% notes due 2021 (effective interest rate of 5.0%) (authorized, $
440
)
 
 
440
 
    
440
 
4.0% notes due 2022 (effective interest rate of 4.4%) (authorized, $
300
)
 
 
300
 
    
300
 
3.4% notes due 2023 (effective interest rate of 3.5%) (authorized, $
300
)
 
 
300
 
    
300
 
5.0% notes due 2024 (effective interest rate of 5.2%) (authorized, $
600
)
 
 
600
 
    
600
 
6.0% notes due 2026 (effective interest rate of 6.2%) (authorized, $
550
)
 
 
550
 
    
550
 
4.5% notes due 2027 (effective interest rate of 4.6%) (authorized, $
500
)
 
 
500
 
    
500
 
7.3% debentures due 2027 (effective interest rate of 8.1%) (authorized, $
100
)
 
 
100
 
    
100
 
4.8% notes due 2029 (effective interest rate of 4.9%) (authorized, $
500
)
 
 
500
 
    
 
Finance
lease obligation
   
7
      
8
 
Loews Hotels & Co:
 
 
 
  
 
 
Senior debt, principally mortgages (effective interest rates approximate 4.7%
 and 4.4%
)
 
 
712
 
    
653
 
Altium Packaging
:
  
 
 
  
 
 
Senior:
 
 
 
    
 
Variable rate asset based lending facility due 2022 (effective interest rate of 5.5%)
 
 
 
 
    
9
 
Variable rate term loan due 2024 (effective interest rate of 4.9% and 5.0%)
 
 
591
 
    
597
 
Variable rate term loan due 2026 (effective interest rate of 5.3%)
 
 
249
 
    
 
Finance
lease obligation
 
 
6
 
    
7
 
                 
  
 
11,643
 
    
11,488
 
Less unamortized discount and issuance costs
 
 
110
 
    
112
 
                 
Debt
 
$
11,533
 
   $
11,376
 
                 
Schedule of Debt by Subsidiary
December 31, 2019
 
Principal
 
  
Unamortized
Discount and
Issuance
Costs
 
  
Net
 
  
Short Term
Debt
 
  
Long Term
Debt
 
(In millions)
 
 
  
 
  
 
  
 
  
 
Loews Corporation
 
$
1,800
 
  
$
21
 
  
$
1,779
 
  
 
 
 
  
$
1,779
 
CNA Financial
 
 
2,693
 
  
 
14
 
  
 
2,679
 
  
 
 
 
  
 
2,679
 
Diamond Offshore
 
 
2,000
 
  
 
24
 
  
 
1,976
 
  
 
 
 
  
 
1,976
 
Boardwalk Pipelines
 
 
3,592
 
  
 
26
 
  
 
3,566
 
    
 
 
  
 
3,566
 
Loews Hotels & Co
 
 
712
 
  
 
7
 
  
 
705
 
  
$
67
 
  
 
638
 
Altium Packaging
 
 
846
 
  
 
18
 
  
 
828
 
  
 
10
 
  
 
818
 
                                         
Total
 
$
11,643
 
  
$
110
 
  
$
11,533
 
  
$
77
 
  
$
11,456