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Shareholders' Equity
 3 Months Ended
Mar. 31, 2020
Shareholders' Equity [Abstract]  
Shareholders' Equity
6. Shareholders’ Equity

Accumulated other comprehensive income (loss)


The tables below present the changes in AOCI by component for the three months ended March 31, 2019 and 2020:

  
Net Unrealized
Gains (Losses)
on Investments
with OTTI
Losses
    
Net Unrealized
Gains (Losses)
on Other
Investments
    
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, 2019 (a)
  
$
14
    
$
57
    
$
5
    
$
(793
)
  
$
(163
)
  
$
(880
)
Other comprehensive income (loss) before reclassifications, after tax of $(1), $(140), $2, $0 and $0
    
4
      
521
      
(6
)
    
(1
)
    
17
      
535
  
Reclassification of losses from accumulated other comprehensive income, after tax of $0, $(1), $0, $(2) and $0
            
5
              
9
              
14
  
Other comprehensive income (loss)
    
4
      
526
      
(6
)
    
8
      
17
      
549
  
Amounts attributable to noncontrolling interests
            
(56
)
            
(1
)
    
(2
)
    
(59
)
Balance, March 31, 2019
  
$
18
    
$
527
    
$
(1
)
  
$
(786
)
  
$
(148
)
  
$
(390
)

 
Net Unrealized
Gains (Losses)
on Investments
with an
Allowance for
Credit Losses
    
Net Unrealized
Gains (Losses)
on Other
Investments
    
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, 2020 (a)
  
$
-
    
$
918
    
$
(6
)
  
$
(855
)
  
$
(125
)
  
$
(68
)
Other comprehensive income (loss) before reclassifications, after tax of $13, $287, $6, $0 and $0
    
(48
)
    
(1,066
)
    
(19
)
    
1
      
(84
)
    
(1,216
)
Reclassification of losses from accumulated other comprehensive income, after tax of $(10), $(6), $0, $(3) and $0
    
37
      
22
              
13
              
72
  
Other comprehensive income (loss)
    
(11
)
    
(1,044
)
    
(19
)
    
14
      
(84
)
    
(1,144
)
Amounts attributable to noncontrolling interests
    
1
      
111
              
(1
)
    
8
      
119
  
Balance, March 31, 2020
  
$
(10
)
  
$
(15
)
  
$
(25
)
  
$
(842
)
  
$
(201
)
  
$
(1,093
)

(a)
On January 1, 2020, the Company adopted ASU 2016-13; see Note 1. The Net unrealized gains (losses) on investments with OTTI losses column that tracked the change in unrealized gains (losses) on investments with OTTI losses has been replaced with the Net unrealized gains (losses) on investments with an allowance for credit losses column. The balance as of January 1, 2020 in the Net unrealized gains (losses) on investments with OTTI losses column is now reported in the Net unrealized gains (losses) on other investments column. Prior period amounts were not adjusted for the adoption of this standard.

Amounts reclassified from AOCI shown above are reported in Net income (loss) as follows:

Major Category of AOCI
 
Affected Line Item
 
 
 
Net unrealized gains (losses) on investments with an allowance for credit losses, Net unrealized gains (losses) on investments with OTTI losses, and Net unrealized gains (losses) on other investments
 
Investment gains (losses)
Unrealized gains (losses) on cash flow hedges
 
Operating revenues and other, Interest expense and Operating expenses and other
Pension and postretirement benefits
 
Operating expenses and other

Treasury Stock


Loews Corporation repurchased 9.7 million and 6.8 million shares of its common stock at an aggregate cost of $445 million and $322 million during the three months ended March 31, 2020 and 2019.