Debt (Tables)

12 Months Ended

Dec. 31, 2011

Debt [Abstract]

Schedule Of Debt By Subsidiary

December 31, 2011	Principal			Unamortized Discount		Net			Short Term Debt		Long Term Debt
(In millions)
Loews Corporation	$	700		$	6	$	694				$	694
CNA Financial		2,625			17		2,608		$	83		2,525
Diamond Offshore		1,500			12		1,488					1,488
HighMount		700					700					700
Boardwalk Pipeline		3,408			10		3,398					3,398
Loews Hotels		213					213			5		208
Elimination of intercompany debt		(100	)				(100	)				(100	)
Total	$	9,046		$	45	$	9,001		$	88	$	8,913

Schedule Of Long-Term Debt Instruments

December 31	2011			2010
(In millions)
Loews Corporation (Parent Company):
Senior:
8.9% debentures due 2011 (effective interest rate of 9.0%) (authorized, $175)				$	175
5.3% notes due 2016 (effective interest rate of 5.4%) (authorized, $400)	$	400			400
6.0% notes due 2035 (effective interest rate of 6.2%) (authorized, $300)		300			300
CNA Financial:
Senior:
6.0% notes due 2011 (effective interest rate of 6.1%) (authorized, $400)					400
8.4% notes due 2012 (effective interest rate of 8.6%) (authorized, $100)		70			70
5.9% notes due 2014 (effective interest rate of 6.0%) (authorized, $549)		549			549
6.5% notes due 2016 (effective interest rate of 6.6%) (authorized, $350)		350			350
7.0% notes due 2018 (effective interest rate of 7.1%) (authorized, $150)		150			150
7.4% notes due 2019 (effective interest rate of 7.5%) (authorized, $350)		350			350
5.9% notes due 2020 (effective interest rate of 6.0%) (authorized, $500)		500			500
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
5.1% debentures due 2034 (effective interest rate of 5.1%) (authorized, $31)					31
Other senior debt (effective interest rates approximate 2.9% and 4.6%)		13			23
Diamond Offshore:
Senior:
5.2% notes due 2014 (effective interest rate of 5.2%) (authorized, $250)		250			250
4.9% notes due 2015 (effective interest rate of 5.0%) (authorized, $250)		250			250
5.9% notes due 2019 (effective interest rate of 6.0%) (authorized, $500)		500			500
5.7% notes due 2039 (effective interest rate of 5.8%) (authorized, $500)		500			500
HighMount:
Senior:
Variable rate term loans due 2012 (effective interest rate of 5.7%)					1,100
Variable rate credit facility due 2016 (effective interest rate of 3.4%)		700
Boardwalk Pipeline:
Senior:
Variable rate revolving credit facility due 2012 (effective interest rate of 0.5%)		458			703
8.0% subordinated loan due 2012		100			100
Variable rate term loan due 2016 (effective interest rate of 1.8%)		200
5.8% notes due 2012 (effective interest rate of 6.0%) (authorized, $225)		225			225
5.5% notes due 2013 (effective interest rate of 5.8%) (authorized, $250)					250
4.6% notes due 2015 (effective interest rate of 5.1%) (authorized, $250)		250			250
5.1% notes due 2015 (effective interest rate of 5.2%) (authorized, $275)		275			275
5.9% notes due 2016 (effective interest rate of 6.0%) (authorized, $250)		250			250
5.5% notes due 2017 (effective interest rate of 5.6%) (authorized, $300)		300			300
6.3% notes due 2017 (effective interest rate of 6.4%) (authorized, $275)		275			275
5.2% notes due 2018 (effective interest rate of 5.4%) (authorized, $185)		185			185
5.8% notes due 2019 (effective interest rate of 5.9%) (authorized, $350)		350			350
4.5% notes due 2021 (effective interest rate of 5.0%) (authorized, $440)		440
7.3% debentures due 2027 (effective interest rate of 8.1%) (authorized, $100)		100			100
Loews Hotels:
Senior debt, principally mortgages (effective interest rates approximate 3.9% and 4.1%)		213			220
Elimination of intercompany debt		(100	)		(100	)
		9,046			9,524
Less unamortized discount		45			47
Debt	$	9,001		$	9,477