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Goodwill
12 Months Ended
Dec. 31, 2015
Goodwill and Intangible Assets Disclosure [Abstract]  
Goodwill

Note 7. Goodwill

 

     Total     CNA
Financial
    Diamond
Offshore
    Boardwalk
Pipeline
     Loews
Hotels

 

(In millions)                                    

Balance, December 31, 2013

   $ 357      $ 119      $ 20      $ 215       $ 3     

Additions

     22            22        

Dispositions

     (3            (3  

Other adjustments

     (2     (2         

 

Balance, December 31, 2014

     374        117        20        237         -     

Impairments

     (20       (20       

Other adjustments

     (3     (3         

 

Balance, December 31, 2015

   $     351      $     114      $ -        $ 237       $     -     

 

As a result of the continued deterioration of the market fundamentals in the oil and gas industry, the Company assessed the carrying value of goodwill related to its investment in Diamond Offshore. An impairment charge of $20 million was recorded in Other operating expenses in the third quarter of 2015 to write-off all goodwill attributable to Diamond Offshore.