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CONSOLIDATED CONDENSED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Operating Activities:    
Net income (loss) $ (1,044) $ 396
Adjustments to reconcile net income (loss) to net cash provided (used) by operating activities, net 1,363 369
Changes in operating assets and liabilities, net:    
Receivables (266) 15
Deferred acquisition costs (27) (29)
Insurance reserves 510 57
Other assets (116) (143)
Other liabilities (288) (104)
Trading securities 197 (480)
Net cash flow provided by operating activities 329 81
Investing Activities:    
Purchases of fixed maturities (1,818) (2,447)
Proceeds from sales of fixed maturities 823 2,259
Proceeds from maturities of fixed maturities 799 576
Purchases of limited partnership investments (32) (114)
Proceeds from sales of limited partnership investments 204 337
Purchases of property, plant and equipment (233) (223)
Change in short term investments 837 (27)
Other, net (153) (61)
Net cash flow provided by investing activities 427 300
Financing Activities:    
Dividends paid (18) (19)
Dividends paid to noncontrolling interests (69) (68)
Purchases of Loews Corporation treasury stock (458) (317)
Purchases of subsidiary stock from noncontrolling interests (18) (14)
Principal payments on debt (223) (210)
Issuance of debt 654 192
Other, net (12) (13)
Net cash flow used by financing activities (144) (449)
Effect of foreign exchange rate on cash (9) 2
Net change in cash 603 (66)
Cash, beginning of period 336 405
Cash, end of period $ 939 $ 339