Debt (Tables)

12 Months Ended

Dec. 31, 2015

Debt Disclosure [Abstract]

Schedule of Long-Term Debt Instruments

December 31	2015		2014
(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:
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		550
Variable rate note due 2036 (effective interest rate of 3.8% and 3.5%)		30		30
Capital lease obligation		4		2
Diamond Offshore:
Senior:
Commercial paper (weighted average interest rate of 0.9%)		287
4.9% notes due 2015 (effective interest rate of 5.0%) (authorized, $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 2020 (effective interest rate of 1.7% and 1.5%)		375		120
Variable rate term loan due 2017 (effective interest rate of 1.9%)				200
4.6% notes due 2015 (effective interest rate of 5.1%) (authorized, $250)				250
5.1% notes due 2015 (effective interest rate of 5.2%) (authorized, $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, $600 and $350)		600		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%)		598		506
		10,647		10,736
Less unamortized discount		64		68
Debt	$	10,583	$	10,668

Schedule of Debt by Subsidiary

				Unamortized						Short Term			Long Term
December 31, 2015	Principal			Discount			Net			Debt			Debt
(In millions)
Loews Corporation		$	1,700		$	19		$	1,681		$	400		$	1,281
CNA Financial			2,577			11			2,566			351			2,215
Diamond Offshore			2,287			18			2,269			287			1,982
Boardwalk Pipeline			3,485			16			3,469						3,469
Loews Hotels			598						598			2			596
Total		$	10,647		$	64		$	10,583		$	1,040		$	9,543