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Commitments and Contingencies - Additional Information (Detail) (USD $)
12 Months Ended
Dec. 31, 2014
Commitments [Line Items]  
Aggregate amount of quantifiable indemnification agreements in effect for sales of business entities, assets and third party loans $ 324,000,000l_AggregateAmountOfQuantifiableIndemnificationAgreements
Aggregate amount of quantifiable guarantee agreements in effect for sales of business entities, assets and third party loans 375,000,000l_AggregateAmountOfQuantifiableGuaranteeAgreements
Potential amount of future payments under guarantees 1,900,000,000us-gaap_GuaranteeObligationsMaximumExposure
Harsh Environment Semisubmersible Drilling Rig [Member]  
Commitments [Line Items]  
Total cost of the project 764,000,000l_EstimatedProjectCosts
/ us-gaap_ProductOrServiceAxis
= l_HarshEnvironmentSemiSubmersibleRigMember
Remaining contractual payment is due upon delivery of rig 440,000,000us-gaap_ContractualObligation
/ us-gaap_ProductOrServiceAxis
= l_HarshEnvironmentSemiSubmersibleRigMember
Ultra-deepwater Drillships [Member]  
Commitments [Line Items]  
Total cost of the project 655,000,000l_EstimatedProjectCosts
/ us-gaap_ProductOrServiceAxis
= l_UltradeepwaterDrillshipsMember
Remaining contractual payment is due upon delivery of rig $ 395,000,000us-gaap_ContractualObligationDueInNextTwelveMonths
/ us-gaap_ProductOrServiceAxis
= l_UltradeepwaterDrillshipsMember