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Acquisitions and Divestitures - Additional Information (Detail) (USD $)
In Millions, unless otherwise specified
1 Months Ended 12 Months Ended 3 Months Ended 0 Months Ended
Oct. 31, 2014
Dec. 31, 2014
Property
Hotel
Dec. 31, 2013
Dec. 31, 2012
Mar. 31, 2015
Mar. 31, 2014
Sep. 30, 2014
Oct. 15, 2012
Oct. 01, 2012
Jul. 02, 2012
Business Acquisition and Divestitures [Line Items]                    
Number of remaining natural gas and oil properties   0l_NumberOfNaturalGasAndOilProperties                
Purchase price $ 230us-gaap_PaymentsToAcquireBusinessesNetOfCashAcquired $ 448us-gaap_PaymentsToAcquireBusinessesNetOfCashAcquired $ 235us-gaap_PaymentsToAcquireBusinessesNetOfCashAcquired $ 987us-gaap_PaymentsToAcquireBusinessesNetOfCashAcquired            
Goodwill recorded   374us-gaap_Goodwill 357us-gaap_Goodwill 412us-gaap_Goodwill            
Number of hotel properties acquired   3l_NumberOfPropertiesAcquired                
Scenario, Forecast [Member]                    
Business Acquisition and Divestitures [Line Items]                    
Purchase price         170us-gaap_PaymentsToAcquireBusinessesNetOfCashAcquired
/ us-gaap_StatementScenarioAxis
= us-gaap_ScenarioForecastMember
         
CNA Acquired Hardy [Member]                    
Business Acquisition and Divestitures [Line Items]                    
Purchase price received                   231us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedNet
/ us-gaap_BusinessAcquisitionAxis
= l_CnaHardyMember
Evangeline Pipeline System [Member]                    
Business Acquisition and Divestitures [Line Items]                    
Purchase price 295us-gaap_PaymentsToAcquireBusinessesNetOfCashAcquired
/ us-gaap_BusinessAcquisitionAxis
= l_EvangelinePipelineSystemMember
                 
Bluegrass Project [Member]                    
Business Acquisition and Divestitures [Line Items]                    
Previous period capitalized costs recorded as charge in present period in other operating expenses, net of tax and noncontrolling interest           55l_OtherAssetImpairmentChargesNetOfTaxAndNoncontrollingInterest
/ us-gaap_BusinessAcquisitionAxis
= l_BluegrassProjectMember
       
Bluegrass Project [Member] | Other Operating Expenses [Member]                    
Business Acquisition and Divestitures [Line Items]                    
Previous period capitalized costs recorded as charge in present period in other operating expenses           94us-gaap_OtherAssetImpairmentCharges
/ us-gaap_BusinessAcquisitionAxis
= l_BluegrassProjectMember
/ us-gaap_IncomeStatementLocationAxis
= us-gaap_OperatingExpenseMember
       
CAC [Member]                    
Business Acquisition and Divestitures [Line Items]                    
Percentage of coinsurance agreement   100.00%l_PercentageOfCoinsuranceAgreement
/ dei_LegalEntityAxis
= l_ContinentalAssuranceCompanyMember
               
Recognized loss due to difference between market value and book value of funds withheld assets   31l_LossOnCoInsuranceAgreement
/ dei_LegalEntityAxis
= l_ContinentalAssuranceCompanyMember
               
HighMount [Member]                    
Business Acquisition and Divestitures [Line Items]                    
Net proceeds from sale of business             787us-gaap_ProceedsFromDivestitureOfBusinesses
/ dei_LegalEntityAxis
= l_HighMountMember
     
Repayment of debt   480us-gaap_RepaymentsOfDebt
/ dei_LegalEntityAxis
= l_HighMountMember
               
Recorded loss on sale   200us-gaap_DiscontinuedOperationGainLossFromDisposalOfDiscontinuedOperationBeforeIncomeTax
/ dei_LegalEntityAxis
= l_HighMountMember
               
Recorded loss on sale, after tax   138us-gaap_DiscontinuedOperationGainLossOnDisposalOfDiscontinuedOperationNetOfTax
/ dei_LegalEntityAxis
= l_HighMountMember
               
Boardwalk Pipeline [Member]                    
Business Acquisition and Divestitures [Line Items]                    
Goodwill recorded   237us-gaap_Goodwill
/ dei_LegalEntityAxis
= l_BoardwalkPipelineMember
215us-gaap_Goodwill
/ dei_LegalEntityAxis
= l_BoardwalkPipelineMember
271us-gaap_Goodwill
/ dei_LegalEntityAxis
= l_BoardwalkPipelineMember
           
Cash contributed to obtain equity interest in joint venture               269l_CashContributedToObtainEquityInterestInJointVenture
/ dei_LegalEntityAxis
= l_BoardwalkPipelineMember
148l_CashContributedToObtainEquityInterestInJointVenture
/ dei_LegalEntityAxis
= l_BoardwalkPipelineMember
 
Percentage of equity transferred to acquire equity funds               65.00%l_EquityPercentageSoldToFundPurchase
/ dei_LegalEntityAxis
= l_BoardwalkPipelineMember
35.00%l_EquityPercentageSoldToFundPurchase
/ dei_LegalEntityAxis
= l_BoardwalkPipelineMember
 
Boardwalk Pipeline [Member] | Evangeline Pipeline System [Member]                    
Business Acquisition and Divestitures [Line Items]                    
Identifiable finite-lived intangible assets   20us-gaap_FinitelivedIntangibleAssetsAcquired1
/ us-gaap_BusinessAcquisitionAxis
= l_EvangelinePipelineSystemMember
/ dei_LegalEntityAxis
= l_BoardwalkPipelineMember
               
Goodwill recorded   22us-gaap_Goodwill
/ us-gaap_BusinessAcquisitionAxis
= l_EvangelinePipelineSystemMember
/ dei_LegalEntityAxis
= l_BoardwalkPipelineMember
               
Boardwalk Pipeline Partners, LP [Member] | Bluegrass Project [Member]                    
Business Acquisition and Divestitures [Line Items]                    
Previous period capitalized costs recorded as charge in present period in other operating expenses           10us-gaap_OtherAssetImpairmentCharges
/ us-gaap_BusinessAcquisitionAxis
= l_BluegrassProjectMember
/ dei_LegalEntityAxis
= l_BoardwalkPipelinePartnersLpMember
       
Louisiana Midstream LLC [Member]                    
Business Acquisition and Divestitures [Line Items]                    
Purchase price received                 620us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedNet
/ dei_LegalEntityAxis
= l_LouisianaMidstreamMember
 
Identifiable finite-lived intangible assets                 25us-gaap_FinitelivedIntangibleAssetsAcquired1
/ dei_LegalEntityAxis
= l_LouisianaMidstreamMember
 
Goodwill recorded                 52us-gaap_Goodwill
/ dei_LegalEntityAxis
= l_LouisianaMidstreamMember
 
Bank loan acquired to fund purchase                 225l_LoanAcquiredForPurchaseOfPropertyPlantAndEquipment
/ dei_LegalEntityAxis
= l_LouisianaMidstreamMember
 
Boardwalk Pipelines Holding Corporation [Member]                    
Business Acquisition and Divestitures [Line Items]                    
Cash contributed to obtain equity interest in joint venture                 $ 269l_CashContributedToObtainEquityInterestInJointVenture
/ dei_LegalEntityAxis
= l_BoardwalkPipelinesHoldingCorporationMember
 
Percentage of equity transferred to acquire equity funds                 65.00%l_EquityPercentageSoldToFundPurchase
/ dei_LegalEntityAxis
= l_BoardwalkPipelinesHoldingCorporationMember