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Consolidated Condensed Statements of Cash Flows - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Operating Activities:    
Net income (loss) $ (89) $ 296
Adjustments to reconcile net income (loss) to net cash provided (used) by operating activities, net 1,389 803
Changes in operating assets and liabilities, net:    
Receivables (429) (243)
Deferred acquisition costs (25) (8)
Insurance reserves 666 451
Other assets (87) (102)
Other liabilities (106) (120)
Trading securities (548) 10
Net cash flow operating activities 771 1,087
Investing Activities:    
Purchases of fixed maturities (4,874) (5,029)
Proceeds from sales of fixed maturities 3,070 2,859
Proceeds from maturities of fixed maturities 1,247 2,304
Purchases of limited partnership investments (280) (78)
Proceeds from sales of limited partnership investments 124 85
Purchases of property, plant and equipment (974) (1,227)
Dispositions 274 20
Change in short term investments 148 119
Other, net 148 (87)
Net cash flow investing activities (1,117) (1,034)
Financing Activities:    
Dividends paid (42) (46)
Dividends paid to noncontrolling interests (94) (110)
Purchases of subsidiary stock from noncontrolling interests (8) (24)
Purchases of Loews treasury stock (86) (287)
Issuance of Loews common stock   7
Proceeds from sale of subsidiary stock   114
Principal payments on debt (2,352) (1,329)
Issuance of debt 2,843 1,503
Other, net (1) 6
Net cash flow financing activities 260 (166)
Effect of foreign exchange rate on cash (6) (2)
Net change in cash (92) (115)
Cash, beginning of period 440 364
Cash, end of period $ 348 $ 249