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Shareholders' Equity - Components of Accumulated Other Comprehensive Income (Detail) (USD $)
In Millions, unless otherwise specified
1 Months Ended 3 Months Ended
Mar. 31, 2015
Mar. 31, 2015
Mar. 31, 2014
Accumulated Other Comprehensive Income (Loss) [Line Items]      
Beginning, balance   $ 280us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax $ 339us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax
Other comprehensive income (loss) before reclassifications, after tax   20us-gaap_OtherComprehensiveIncomeLossBeforeReclassificationsNetOfTax 274us-gaap_OtherComprehensiveIncomeLossBeforeReclassificationsNetOfTax
Reclassification of (gains) losses from accumulated other comprehensive income, after tax     (24)us-gaap_ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax
Other comprehensive income (loss)   20l_OtherComprehensiveIncomeLossIncludingPortionOfIssuanceOfEquitySecurityBySubsidiaryNetOfTax 250l_OtherComprehensiveIncomeLossIncludingPortionOfIssuanceOfEquitySecurityBySubsidiaryNetOfTax
Issuance of equity securities by subsidiary 1l_IncreaseDecreaseInAccumulatedOtherComprehensiveIncomeLoss 1l_IncreaseDecreaseInAccumulatedOtherComprehensiveIncomeLoss  
Amounts attributable to noncontrolling interests   (3)us-gaap_OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToNoncontrollingInterest (26)us-gaap_OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToNoncontrollingInterest
Ending, balance 298us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax 298us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax 563us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax
OTTI Gains (Losses) [Member]      
Accumulated Other Comprehensive Income (Loss) [Line Items]      
Beginning, balance   32us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_AccumulatedOtherThanTemporaryImpairmentMember
23us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_AccumulatedOtherThanTemporaryImpairmentMember
Transfer to net assets held for sale     (5)l_TransfersInAccumulatedOtherComprehensiveIncomeRelatingToAssetsHeldForSale
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_AccumulatedOtherThanTemporaryImpairmentMember
Other comprehensive income (loss) before reclassifications, after tax   (1)us-gaap_OtherComprehensiveIncomeLossBeforeReclassificationsNetOfTax
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_AccumulatedOtherThanTemporaryImpairmentMember
12us-gaap_OtherComprehensiveIncomeLossBeforeReclassificationsNetOfTax
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_AccumulatedOtherThanTemporaryImpairmentMember
Other comprehensive income (loss)   (1)l_OtherComprehensiveIncomeLossIncludingPortionOfIssuanceOfEquitySecurityBySubsidiaryNetOfTax
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_AccumulatedOtherThanTemporaryImpairmentMember
12l_OtherComprehensiveIncomeLossIncludingPortionOfIssuanceOfEquitySecurityBySubsidiaryNetOfTax
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_AccumulatedOtherThanTemporaryImpairmentMember
Amounts attributable to noncontrolling interests     (1)us-gaap_OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToNoncontrollingInterest
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_AccumulatedOtherThanTemporaryImpairmentMember
Ending, balance 31us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_AccumulatedOtherThanTemporaryImpairmentMember
31us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_AccumulatedOtherThanTemporaryImpairmentMember
29us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_AccumulatedOtherThanTemporaryImpairmentMember
Unrealized Gains (Losses) on Investments [Member]      
Accumulated Other Comprehensive Income (Loss) [Line Items]      
Beginning, balance   846us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_AccumulatedNetUnrealizedInvestmentGainLossMember
622us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_AccumulatedNetUnrealizedInvestmentGainLossMember
Transfer to net assets held for sale     (15)l_TransfersInAccumulatedOtherComprehensiveIncomeRelatingToAssetsHeldForSale
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_AccumulatedNetUnrealizedInvestmentGainLossMember
Other comprehensive income (loss) before reclassifications, after tax   119us-gaap_OtherComprehensiveIncomeLossBeforeReclassificationsNetOfTax
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_AccumulatedNetUnrealizedInvestmentGainLossMember
264us-gaap_OtherComprehensiveIncomeLossBeforeReclassificationsNetOfTax
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_AccumulatedNetUnrealizedInvestmentGainLossMember
Reclassification of (gains) losses from accumulated other comprehensive income, after tax   (9)us-gaap_ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_AccumulatedNetUnrealizedInvestmentGainLossMember
(27)us-gaap_ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_AccumulatedNetUnrealizedInvestmentGainLossMember
Other comprehensive income (loss)   110l_OtherComprehensiveIncomeLossIncludingPortionOfIssuanceOfEquitySecurityBySubsidiaryNetOfTax
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_AccumulatedNetUnrealizedInvestmentGainLossMember
237l_OtherComprehensiveIncomeLossIncludingPortionOfIssuanceOfEquitySecurityBySubsidiaryNetOfTax
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_AccumulatedNetUnrealizedInvestmentGainLossMember
Amounts attributable to noncontrolling interests   (12)us-gaap_OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToNoncontrollingInterest
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_AccumulatedNetUnrealizedInvestmentGainLossMember
(24)us-gaap_OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToNoncontrollingInterest
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_AccumulatedNetUnrealizedInvestmentGainLossMember
Ending, balance 944us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_AccumulatedNetUnrealizedInvestmentGainLossMember
944us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_AccumulatedNetUnrealizedInvestmentGainLossMember
820us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_AccumulatedNetUnrealizedInvestmentGainLossMember
Discontinued Operations [Member]      
Accumulated Other Comprehensive Income (Loss) [Line Items]      
Beginning, balance     (3)us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax
/ us-gaap_StatementEquityComponentsAxis
= l_AccumulatedOtherComprehensiveIncomeDiscontinuedOperationMember
Transfer to net assets held for sale     20l_TransfersInAccumulatedOtherComprehensiveIncomeRelatingToAssetsHeldForSale
/ us-gaap_StatementEquityComponentsAxis
= l_AccumulatedOtherComprehensiveIncomeDiscontinuedOperationMember
Other comprehensive income (loss) before reclassifications, after tax     2us-gaap_OtherComprehensiveIncomeLossBeforeReclassificationsNetOfTax
/ us-gaap_StatementEquityComponentsAxis
= l_AccumulatedOtherComprehensiveIncomeDiscontinuedOperationMember
Reclassification of (gains) losses from accumulated other comprehensive income, after tax     3us-gaap_ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax
/ us-gaap_StatementEquityComponentsAxis
= l_AccumulatedOtherComprehensiveIncomeDiscontinuedOperationMember
Other comprehensive income (loss)     5l_OtherComprehensiveIncomeLossIncludingPortionOfIssuanceOfEquitySecurityBySubsidiaryNetOfTax
/ us-gaap_StatementEquityComponentsAxis
= l_AccumulatedOtherComprehensiveIncomeDiscontinuedOperationMember
Amounts attributable to noncontrolling interests     (1)us-gaap_OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToNoncontrollingInterest
/ us-gaap_StatementEquityComponentsAxis
= l_AccumulatedOtherComprehensiveIncomeDiscontinuedOperationMember
Ending, balance     21us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax
/ us-gaap_StatementEquityComponentsAxis
= l_AccumulatedOtherComprehensiveIncomeDiscontinuedOperationMember
Cash Flow Hedges [Member]      
Accumulated Other Comprehensive Income (Loss) [Line Items]      
Beginning, balance   (6)us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_AccumulatedNetGainLossFromDesignatedOrQualifyingCashFlowHedgesMember
(4)us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_AccumulatedNetGainLossFromDesignatedOrQualifyingCashFlowHedgesMember
Other comprehensive income (loss) before reclassifications, after tax   (2)us-gaap_OtherComprehensiveIncomeLossBeforeReclassificationsNetOfTax
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_AccumulatedNetGainLossFromDesignatedOrQualifyingCashFlowHedgesMember
2us-gaap_OtherComprehensiveIncomeLossBeforeReclassificationsNetOfTax
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_AccumulatedNetGainLossFromDesignatedOrQualifyingCashFlowHedgesMember
Reclassification of (gains) losses from accumulated other comprehensive income, after tax   5us-gaap_ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_AccumulatedNetGainLossFromDesignatedOrQualifyingCashFlowHedgesMember
1us-gaap_ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_AccumulatedNetGainLossFromDesignatedOrQualifyingCashFlowHedgesMember
Other comprehensive income (loss)   3l_OtherComprehensiveIncomeLossIncludingPortionOfIssuanceOfEquitySecurityBySubsidiaryNetOfTax
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_AccumulatedNetGainLossFromDesignatedOrQualifyingCashFlowHedgesMember
3l_OtherComprehensiveIncomeLossIncludingPortionOfIssuanceOfEquitySecurityBySubsidiaryNetOfTax
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_AccumulatedNetGainLossFromDesignatedOrQualifyingCashFlowHedgesMember
Amounts attributable to noncontrolling interests     (1)us-gaap_OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToNoncontrollingInterest
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_AccumulatedNetGainLossFromDesignatedOrQualifyingCashFlowHedgesMember
Ending, balance (3)us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_AccumulatedNetGainLossFromDesignatedOrQualifyingCashFlowHedgesMember
(3)us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_AccumulatedNetGainLossFromDesignatedOrQualifyingCashFlowHedgesMember
(2)us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_AccumulatedNetGainLossFromDesignatedOrQualifyingCashFlowHedgesMember
Pension Liability [Member]      
Accumulated Other Comprehensive Income (Loss) [Line Items]      
Beginning, balance   (641)us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_AccumulatedDefinedBenefitPlansAdjustmentMember
(432)us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_AccumulatedDefinedBenefitPlansAdjustmentMember
Reclassification of (gains) losses from accumulated other comprehensive income, after tax   4us-gaap_ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_AccumulatedDefinedBenefitPlansAdjustmentMember
(1)us-gaap_ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_AccumulatedDefinedBenefitPlansAdjustmentMember
Other comprehensive income (loss)   4l_OtherComprehensiveIncomeLossIncludingPortionOfIssuanceOfEquitySecurityBySubsidiaryNetOfTax
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_AccumulatedDefinedBenefitPlansAdjustmentMember
(1)l_OtherComprehensiveIncomeLossIncludingPortionOfIssuanceOfEquitySecurityBySubsidiaryNetOfTax
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_AccumulatedDefinedBenefitPlansAdjustmentMember
Issuance of equity securities by subsidiary   1l_IncreaseDecreaseInAccumulatedOtherComprehensiveIncomeLoss
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_AccumulatedDefinedBenefitPlansAdjustmentMember
 
Amounts attributable to noncontrolling interests     1us-gaap_OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToNoncontrollingInterest
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_AccumulatedDefinedBenefitPlansAdjustmentMember
Ending, balance (636)us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_AccumulatedDefinedBenefitPlansAdjustmentMember
(636)us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_AccumulatedDefinedBenefitPlansAdjustmentMember
(432)us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_AccumulatedDefinedBenefitPlansAdjustmentMember
Foreign Currency Translation [Member]      
Accumulated Other Comprehensive Income (Loss) [Line Items]      
Beginning, balance   49us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_AccumulatedTranslationAdjustmentMember
133us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_AccumulatedTranslationAdjustmentMember
Other comprehensive income (loss) before reclassifications, after tax   (96)us-gaap_OtherComprehensiveIncomeLossBeforeReclassificationsNetOfTax
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_AccumulatedTranslationAdjustmentMember
(6)us-gaap_OtherComprehensiveIncomeLossBeforeReclassificationsNetOfTax
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_AccumulatedTranslationAdjustmentMember
Other comprehensive income (loss)   (96)l_OtherComprehensiveIncomeLossIncludingPortionOfIssuanceOfEquitySecurityBySubsidiaryNetOfTax
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_AccumulatedTranslationAdjustmentMember
(6)l_OtherComprehensiveIncomeLossIncludingPortionOfIssuanceOfEquitySecurityBySubsidiaryNetOfTax
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_AccumulatedTranslationAdjustmentMember
Amounts attributable to noncontrolling interests   9us-gaap_OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToNoncontrollingInterest
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_AccumulatedTranslationAdjustmentMember
 
Ending, balance $ (38)us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_AccumulatedTranslationAdjustmentMember
$ (38)us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_AccumulatedTranslationAdjustmentMember
$ 127us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_AccumulatedTranslationAdjustmentMember