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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Dec. 31, 2014
Operating Activities:      
Net income $ 716 $ 287 $ 962
Adjustments to reconcile net income to net cash provided (used) by operating activities:      
Loss on sale of subsidiaries     451
Investment (gains) losses (50) 71 (47)
Equity method investees 221 182 64
Amortization of investments (27) 17 3
Depreciation 841 955 899
Impairment of goodwill   20  
Asset impairments 697 865 228
Provision for deferred income taxes 102 (225) 11
Other non-cash items 73 105 134
Changes in operating assets and liabilities, net:      
Receivables 24 120 738
Deferred acquisition costs (8) 311 44
Insurance reserves 237 241 (363)
Other assets (71) (43) (128)
Other liabilities 26 (33) 123
Trading securities (528) 674 (129)
Net cash flow operating activities 2,253 3,547 2,990
Investing Activities:      
Purchases of fixed maturities (9,827) (8,675) (9,381)
Proceeds from sales of fixed maturities 5,332 4,390 4,914
Proceeds from maturities of fixed maturities 3,219 4,095 3,983
Purchases of limited partnership investments (355) (188) (271)
Proceeds from sales of limited partnership investments 327 174 167
Purchases of property, plant and equipment (1,450) (1,555) (2,753)
Acquisitions (79) (157) (448)
Dispositions 330 33 1,031
Change in short term investments 158 120 1,396
Other, net 158 (172) (108)
Net cash flow investing activities (2,187) (1,935) (1,470)
Financing Activities:      
Dividends paid (84) (90) (95)
Dividends paid to noncontrolling interests (134) (165) (338)
Purchases of subsidiary stock from noncontrolling interests (8) (29) (149)
Purchases of Loews treasury stock (134) (1,265) (622)
Issuance of Loews common stock   7 6
Proceeds from sale of subsidiary stock   114 5
Principal payments on debt (3,418) (1,929) (2,269)
Issuance of debt 3,614 1,828 2,004
Other, net (2) 4 16
Net cash flow financing activities (166) (1,525) (1,442)
Effect of foreign exchange rate on cash (13) (11) (8)
Net change in cash (113) 76 70
Cash, beginning of year 440 364 294
Cash, end of year $ 327 $ 440 $ 364