Debt (Tables)

12 Months Ended

Dec. 31, 2020

Debt [Abstract]

Long-term Debt

December 31	2020		2019
(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
3.2% notes due 2030 (effective interest rate of 3.3%) (authorized, $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:
5.8% notes due 2021 (effective interest rate of 5.9%) (authorized, $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		500
2.1% notes due 2030 (effective interest rate of 2.1%) (authorized, $500)		500
Boardwalk Pipelines:
Senior:
Variable rate revolving credit facility due 2022 (effective interest rate of 1.4% and 3.0%)		130		295
4.5% notes due 2021 (effective interest rate of 5.0%) (authorized, $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		500
3.4% notes due 2031 (effective interest rate of 3.5%) (authorized, $500)		500
Finance lease obligation		7		7
Loews Hotels & Co:
Senior debt, principally mortgages (effective interest rates approximate 4.7%)		750		712
Altium Packaging:
Senior:
Variable rate asset based lending facility due 2022 (effective interest rate of 3.5%)		10
Variable rate term loan due 2024 (effective interest rate of 4.7% and 4.9%)		585		591
Variable rate term loan due 2026 (effective interest rate of 4.1% and 5.3%)		246		249
Finance lease obligation		26		6
Diamond Offshore (a):
Senior:
3.5% notes due 2023 (effective interest rate of 3.5%) (authorized, $250)				250
7.9% notes due 2025 (effective interest rate of 8.0%) (authorized, $500)				500
5.7% notes due 2039 (effective interest rate of 5.8%) (authorized, $500)				500
4.9% notes due 2043 (effective interest rate of 4.9%) (authorized, $750)				750
		10,197		11,643
Less unamortized discount and issuance costs		88		110
Debt	$	10,109	$	11,533

(a) Amounts presented for Diamond Offshore reflects the period prior to the deconsolidation.

Summary of Long-term Debt

			Unamortized
			Discount and
			Issuance				Short Term		Long Term
December 31, 2020	Principal		Costs		Net		Debt		Debt
(In millions)
Loews Corporation	$	2,300	$	24	$	2,276			$	2,276
CNA Financial		2,793		17		2,776				2,776
Boardwalk Pipelines		3,487		25		3,462	$	1		3,461
Loews Hotels & Co		750		8		742		16		726
Altium Packaging		867		14		853		20		833
Total	$	10,197	$	88	$	10,109	$	37	$	10,072