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Consolidated Condensed Statements of Cash Flows - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2017
Mar. 31, 2016
Operating Activities:    
Net income $ 391 $ 199
Adjustments to reconcile net income to net cash provided (used) by operating activities, net 318 585
Changes in operating assets and liabilities, net:    
Receivables 51 (275)
Deferred acquisition costs (24) (23)
Insurance reserves 135 511
Other assets (40) (20)
Other liabilities (265) (287)
Trading securities (567) (541)
Net cash flow operating activities (1) 149
Investing Activities:    
Purchases of fixed maturities (2,097) (2,238)
Proceeds from sales of fixed maturities 1,359 1,722
Proceeds from maturities of fixed maturities 823 490
Purchases of limited partnership investments (18) (170)
Proceeds from sales of limited partnership investments 62 89
Purchases of property, plant and equipment (211) (292)
Dispositions 2 220
Change in short term investments 366 16
Other, net (13) 6
Net cash flow investing activities 273 (157)
Financing Activities:    
Dividends paid (21) (21)
Dividends paid to noncontrolling interests (76) (75)
Purchases of subsidiary stock from noncontrolling interests   (8)
Purchases of Loews treasury stock   (33)
Principal payments on debt (776) (1,809)
Issuance of debt 685 1,824
Other, net   (1)
Net cash flow financing activities (188) (123)
Effect of foreign exchange rate on cash 1 (1)
Net change in cash 85 (132)
Cash, beginning of period 327 440
Cash, end of period $ 412 $ 308