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Shareholders' Equity
 6 Months Ended
Jun. 30, 2019
Equity [Abstract]  
Shareholders' Equity
8. Shareholders’ Equity
Accumulated other comprehensive income (loss)
The tables below present the changes in AOCI by component for the three and six months ended June 30, 2018 and 2019:
                                                 
 
 
 
 
 
 
 
 
 
 
 
Total
 
 
 
 
 
 
 
 
 
 
 
 
Accumulated
 
 
OTTI
 
 
Unrealized
 
 
 
 
 
 
Foreign
 
 
Other
 
 
Gains
 
 
Gains (Losses)
 
 
Cash Flow
 
 
Pension
 
 
Currency
 
 
Comprehensive
 
 
(Losses)
 
 
on Investments
 
 
Hedges
 
 
Liability
 
 
Translation
 
 
Income (Loss)
 
(In millions)
 
 
 
 
 
 
 
 
 
 
 
 
  
 
 
 
 
 
 
 
 
 
 
 
 
Balance, April 1, 2018
 
$
18
 
 
$
386
 
 
$
10
 
 
$
(753
)
 
$
(78
)
 
$
(417
)
Other comprehensive income (loss) before reclassifications, after tax of $1, $45, $0, $0 and $0
 
 
(1
)
 
 
(156
)
 
 
4
 
 
 
 
 
 
(52
)
 
 
(205
)
Reclassification of (gains) losses from accumulated other comprehensive income, after tax of $0, $1, $0, $(2) and $0
 
 
 
 
 
(3
)
 
 
 
 
 
9
 
 
 
 
 
 
6
 
Other comprehensive income (loss)
 
 
(1
)
 
 
(159
)
 
 
4
 
 
 
9
 
 
 
(52
)
 
 
(199
)
Amounts attributable to noncontrolling interests
 
 
 
 
 
17
 
 
 
 
 
 
(2
)
 
 
5
 
 
 
20
 
Purchase of Boardwalk Pipelines common units
 
 
 
 
 
 
 
 
(1
)
 
 
(28
)
 
 
 
 
 
(29
)
Balance, June 30, 2018
 
$
17
 
 
$
244
 
 
$
13
 
 
$
(774
)
 
$
(125
)
 
$
(625
)
  
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Balance, April 1, 2019
 
$
18
 
 
$
527
 
 
$
(1
)
 
$
(786
)
 
$
(148
)
 
$
(390
)
Other comprehensive income (loss) before reclassifications, after tax of
$
(1)
, $(
114)
, $
2
, $
0
and $
0
 
 
(1
)
 
 
 
434
 
 
 
(6
) 
 
 
 
 
 
 
3
 
 
 
430
 
Reclassification of losses from accumulated other comprehensive income, after tax of $
0
, $
0
, $
0
, $(
3)
and $
0
 
 
1
 
 
 
2
 
 
 
 
 
 
 
7
 
 
 
 
 
 
 
10
 
Other comprehensive income (loss)
 
 
—  
 
 
 
436
 
 
 
(6
) 
 
 
7
 
 
 
3
 
 
 
440
 
Amounts attributable to noncontrolling interests
 
 
 
 
 
 
(46
)
 
 
 
 
 
 
 
(1
) 
 
 
 
 
 
 
(47
)
 
Balance, June 30, 2019
 
$
18
 
 
$
917
 
 
$
(7
) 
 
$
(780
) 
 
$
(145
)
 
 
$
3
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Amounts reclassified from AOCI shown above are reported in Net income as follows:
     
Major Category of AOCI
 
Affected Line Item
 
 
 
OTTI gains (losses)
 
Investment gains (losses)
Unrealized gains (losses) on investments
 
Investment gains (losses)
Cash flow hedges
 
Operating revenues and other and Operating expenses and other
Pension liability
 
Operating expenses and other
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
                                                 
 
 
 
 
 
 
 
 
 
 
 
Total
 
 
 
 
 
 
 
 
 
 
 
 
Accumulated
 
 
OTTI
 
 
Unrealized
 
 
 
 
 
 
Foreign
 
 
Other
 
 
Gains
 
 
Gains (Losses)
 
 
Cash Flow
 
 
Pension
 
 
Currency
 
 
Comprehensive
 
 
(Losses)
 
 
on Investments
 
 
Hedges
 
 
Liability
 
 
Translation
 
 
Income (Loss)
 
(In millions)
 
 
 
 
 
 
 
 
 
 
 
 
  
 
 
 
 
 
 
 
 
 
 
 
 
Balance, January 
1, 2018, as reported
 
$
22
 
 
$
673
 
 
$
-  
 
 
$
(633
)
 
$
(88
)
 
$
(26
)
Cumulative effect adjustment from changes in accounting standards, after tax of $0, $8, $0, $0 and $0
 
 
4
 
 
 
98
 
 
 
 
 
 
(130
)
 
 
 
 
 
(28
)
Balance, January 
1, 2018, as adjusted
 
 
26
 
 
 
771
 
 
 
-  
 
 
 
(763
)
 
 
(88
)
 
 
(54
)
Other comprehensive income (loss) before reclassifications, after tax of $3, $150, $(2), $0 and $0
 
 
(11
)
 
 
(570
)
 
 
12
 
 
 
 
 
 
(41
)
 
 
(610
)
Reclassification of (gains) losses from accumulated other comprehensive income, after tax of $0, $5, $0, $(5) and $0
 
 
1
 
 
 
(18
)
 
 
2
 
 
 
19
 
 
 
 
 
 
4
 
Other comprehensive income (loss)
 
 
(10
)
 
 
(588
)
 
 
14
 
 
 
19
 
 
 
(41
)
 
 
(606
)
Amounts attributable to noncontrolling interests
 
 
1
 
 
 
61
 
 
 
 
 
 
(2
)
 
 
4
 
 
 
64
 
Purchase of Boardwalk Pipelines common units
 
 
 
 
 
 
 
 
(1
)
 
 
(28
)
 
 
 
 
 
(29
)
Balance, June 
30, 2018
 
$
17
 
 
$
244
 
 
$
13
 
 
$
(774
)
 
$
(125
)
 
$
(625
)
Balance, January 
1, 2019
 
$
14
 
 
$
57
 
 
$
5
 
 
$
(793
)
 
$
(163
)
 
$
(880
)
Other comprehensive income (loss) before reclassifications, after tax of $(2), $(
254)
, $
4
, $
0
and $
0
 
 
3
 
 
 
955
 
 
 
(12
) 
 
 
(1
)
 
 
 
20
 
 
 
965
 
Re
classification
of losses from accumulated other
comprehensive incom
e, after tax of $
0
, $
(1)
, $
0
,
$
(5)
and $
0
 
 
1
 
 
 
7
 
 
 
 
 
 
 
16
 
 
 
 
 
 
 
24
 
Other comprehensive income (loss)
 
 
4
 
 
 
962
 
 
 
(12
) 
 
 
15
 
 
 
20
 
 
 
989
 
Amounts attributable to noncontrolling interests
 
 
 
 
 
 
(102
)
 
 
 
 
 
 
 
(2
) 
 
 
(2
) 
 
 
(106
)
 
Balance, June 30, 2019
 
$
18
 
 
$
917
 
 
$
(7
) 
 
$
(780
) 
 
$
(145
)
 
$
3
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Treasury Stock
The Company repurchased
9.8
 million and
15.6
 million shares of Loews common stock at an aggregate cost of $
473
million and $
788
 million during the six months ended June 30, 2019 and 2018.