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Commitments and Contingencies - Additional Information (Detail) (USD $)
3 Months Ended
Mar. 31, 2015
Commitments [Line Items]  
Aggregate amount related to indemnification agreements $ 324,000,000l_AggregateAmountOfQuantifiableIndemnificationAgreements
Aggregate amount related to quantifiable guarantees 375,000,000l_AggregateAmountOfQuantifiableGuaranteeAgreements
Potential amount of future payments under guarantees 2,000,000,000us-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]  
Remaining contractual payment is due upon delivery of rig $ 395,000,000us-gaap_ContractualObligationDueInNextTwelveMonths
/ us-gaap_ProductOrServiceAxis
= l_UltradeepwaterDrillshipsMember