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Segments (Details)
$ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2020
USD ($)
Sep. 30, 2019
USD ($)
Sep. 30, 2020
USD ($)
Segment
Subsidiaries
Sep. 30, 2019
USD ($)
Dec. 31, 2019
USD ($)
Segments [Abstract]          
Number of reportable segments | Segment     5    
Number of individual operating subsidiaries | Subsidiaries     3    
Assets [Abstract]          
Assets $ 79,464   $ 79,464   $ 82,243
Revenues [Abstract]          
Insurance premiums 1,953 $ 1,890 5,672 $ 5,517  
Net investment income (loss) 540 525 1,347 1,733  
Investment gains (losses) [1] 46 8 (1,312) 41  
Non-insurance warranty revenue 317 292 926 858  
Operating revenues and other 609 960 2,241 2,906  
Total 3,465 3,675 8,874 11,055  
Expenses [Abstract]          
Insurance claims and policyholders' benefits 1,616 1,614 4,683 4,323  
Amortization of deferred acquisition costs 360 345 1,046 1,025  
Non-insurance warranty expense 293 278 859 801  
Operating expenses and other 876 1,234 3,894 3,614  
Interest 137 144 404 449  
Total 3,282 3,615 10,886 10,212  
Income (loss) before income tax 183 60 (2,012) 843  
Income tax (expense) benefit (21) (21) 284 (183)  
Net income (loss) 162 39 (1,728) 660  
Amounts attributable to noncontrolling interests (23) 33 400 55  
Net income (loss) attributable to Loews Corporation 139 72 (1,328) 715  
Operating Segments [Member]          
Assets [Abstract]          
Assets 79,464   79,464   82,243
Revenues [Abstract]          
Insurance premiums 1,953 1,890 5,672 5,517  
Net investment income (loss) 540 525 1,347 1,733  
Investment gains (losses) 46 8 (1,312) 41  
Non-insurance warranty revenue 317 292 926 858  
Operating revenues and other 609 960 2,241 2,906  
Total 3,465 3,675 8,874 11,055  
Expenses [Abstract]          
Insurance claims and policyholders' benefits 1,616 1,614 4,683 4,323  
Amortization of deferred acquisition costs 360 345 1,046 1,025  
Non-insurance warranty expense 293 278 859 801  
Operating expenses and other 876 1,234 3,894 3,614  
Interest 137 144 404 449  
Total 3,282 3,615 10,886 10,212  
Income (loss) before income tax 183 60 (2,012) 843  
Income tax (expense) benefit (21) (21) 284 (183)  
Net income (loss) 162 39 (1,728) 660  
Amounts attributable to noncontrolling interests (23) 33 400 55  
Net income (loss) attributable to Loews Corporation 139 72 (1,328) 715  
Operating Segments [Member] | CNA Financial [Member]          
Assets [Abstract]          
Assets 62,728   62,728   60,583
Revenues [Abstract]          
Insurance premiums 1,953 1,890 5,672 5,517  
Net investment income (loss) 517 487 1,380 1,573  
Investment gains (losses) 46 8 (101) 41  
Non-insurance warranty revenue 317 292 926 858  
Operating revenues and other 7 9 20 22  
Total 2,840 2,686 7,897 8,011  
Expenses [Abstract]          
Insurance claims and policyholders' benefits 1,616 1,614 4,683 4,323  
Amortization of deferred acquisition costs 360 345 1,046 1,025  
Non-insurance warranty expense 293 278 859 801  
Operating expenses and other 268 291 851 854  
Interest 52 31 114 120  
Total 2,589 2,559 7,553 7,123  
Income (loss) before income tax 251 127 344 888  
Income tax (expense) benefit (36) (20) (40) (161)  
Net income (loss) 215 107 304 727  
Amounts attributable to noncontrolling interests (23) (11) (32) (77)  
Net income (loss) attributable to Loews Corporation 192 96 272 650  
Operating Segments [Member] | Boardwalk Pipelines [Member]          
Assets [Abstract]          
Assets 9,666   9,666   9,248
Revenues [Abstract]          
Operating revenues and other 289 296 926 969  
Total 289 296 926 969  
Expenses [Abstract]          
Operating expenses and other 219 212 633 616  
Interest 44 45 127 136  
Total 263 257 760 752  
Income (loss) before income tax 26 39 166 217  
Income tax (expense) benefit (6) (10) (43) (56)  
Net income (loss) 20 29 123 161  
Net income (loss) attributable to Loews Corporation 20 29 123 161  
Operating Segments [Member] | Loews Hotels & Co [Member]          
Assets [Abstract]          
Assets 1,685   1,685   1,728
Revenues [Abstract]          
Net investment income (loss)       1  
Operating revenues and other 60 156 236 521  
Total 60 156 236 522  
Expenses [Abstract]          
Operating expenses and other 114 145 404 464  
Interest 8 6 24 16  
Total 122 151 428 480  
Income (loss) before income tax (62) 5 (192) 42  
Income tax (expense) benefit 15 (2) 48 (14)  
Net income (loss) (47) 3 (144) 28  
Net income (loss) attributable to Loews Corporation (47) 3 (144) 28  
Operating Segments [Member] | Corporate [Member]          
Assets [Abstract]          
Assets 5,385   5,385   4,850
Revenues [Abstract]          
Net investment income (loss) 23 36 (33) 153  
Investment gains (losses)     (1,211)    
Operating revenues and other 253 250 754 689  
Total 276 286 (490) 842  
Expenses [Abstract]          
Operating expenses and other 275 264 810 740  
Interest 33 31 96 85  
Total 308 295 906 825  
Income (loss) before income tax (32) (9) (1,396) 17  
Income tax (expense) benefit 6 1 293 (4)  
Net income (loss) (26) (8) (1,103) 13  
Net income (loss) attributable to Loews Corporation (26) (8) (1,103) 13  
Operating Segments [Member] | Diamond Offshore [Member]          
Assets [Abstract]          
Assets [2] $ 0   0   $ 5,834
Revenues [Abstract]          
Net investment income (loss) [2]   2   6  
Operating revenues and other [2]   249 305 705  
Total [2]   251 305 711  
Expenses [Abstract]          
Operating expenses and other [2]   322 1,196 940  
Interest [2]   31 43 92  
Total [2]   353 1,239 1,032  
Income (loss) before income tax [2]   (102) (934) (321)  
Income tax (expense) benefit [2]   10 26 52  
Net income (loss) [2]   (92) (908) (269)  
Amounts attributable to noncontrolling interests [2]   44 432 132  
Net income (loss) attributable to Loews Corporation [2]   $ (48) $ (476) $ (137)  
[1] Gross investment gains on available-for-sale securities were $44 and $34 for the three months ended September 30, 2020 and 2019 and $175 and $98 for the nine months ended September 30, 2020 and 2019. Gross investment losses on available-for-sale securities were $18 and $31 for the three months ended September 30, 2020 and 2019 and $207 and $104 for the nine months ended September 30, 2020 and 2019. During the three and nine months ended September 30, 2020, $25 of investment gains and $44 of investment losses were recognized due to the change in fair value of non-redeemable preferred stock still held as of September 30, 2020. During the three and nine months ended September 30, 2019, $7 and $60 of investment gains were recognized due to the change in fair value of non-redeemable preferred stock still held as of September 30, 2019.
[2] Amounts presented for Diamond Offshore reflect the periods prior to the deconsolidation.