Debt (Tables)

12 Months Ended

Dec. 31, 2014

Debt Disclosure [Abstract]

Schedule of Long-Term Debt Instruments

December 31	2014		2013
(In millions)
Loews Corporation (Parent Company):
Senior:
5.3% notes due 2016 (effective interest rate of 5.4%) (authorized, $400)	$	400	$	400
2.6% notes due 2023 (effective interest rate of 2.8%) (authorized, $500)		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:
5.9% notes due 2014 (effective interest rate of 6.0%) (authorized, $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		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
Variable rate note due 2036 (effective interest rate of 3.5%)		30		30
Capital lease obligation		2
Diamond Offshore:
Senior:
5.2% notes due 2014 (effective interest rate of 5.2%) (authorized, $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
3.5% notes due 2023 (effective interest rate of 3.6%) (authorized, $250)		250		250
5.7% notes due 2039 (effective interest rate of 5.8%) (authorized, $500)		500		500
4.9% notes due 2043 (effective interest rate of 5.0%) (authorized, $750)		750		750
Boardwalk Pipeline:
Senior:
Variable rate revolving credit facility due 2017 (effective interest rate of 1.5% and 1.3%)		120		175
Variable rate term loan due 2017 (effective interest rate of 1.9%)		200		225
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		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, $350)		350
7.3% debentures due 2027 (effective interest rate of 8.1%) (authorized, $100)		100		100
Capital lease obligation		10		10
Loews Hotels:
Senior debt, principally mortgages (effective interest rates approximate 4.1% and 3.9%)		506		202
		10,736		10,409
Less unamortized discount		68		65
Debt	$	10,668	$	10,344

Schedule of Debt by Subsidiary

December 31, 2014	Principal		Unamortized Discount		Net		Short Term Debt		Long Term   Debt
(In millions)
Loews Corporation	$	1,700	$	20	$	1,680			$	1,680
CNA Financial		2,575		14		2,561				2,561
Diamond Offshore		2,250		19		2,231	$	250		1,981
Boardwalk Pipeline		3,705		15		3,690				3,690
Loews Hotels		506				506		85		421
Total	$	10,736	$	68	$	10,668	$	335	$	10,333