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Variable Interest Entities (Narrative) (Details) (USD $)
In Millions, unless otherwise specified
3 Months Ended 12 Months Ended
Mar. 31, 2015
Dec. 31, 2014
Variable Interest Entity [Line Items]    
Carrying Amount $ 280.4us-gaap_VariableInterestEntityNonconsolidatedCarryingAmountAssets [1] $ 360.2us-gaap_VariableInterestEntityNonconsolidatedCarryingAmountAssets [1]
Maximum exposure to loss 1,631.0us-gaap_VariableInterestEntityEntityMaximumLossExposureAmount 1,795.2us-gaap_VariableInterestEntityEntityMaximumLossExposureAmount
SBI USA Fund [Member]    
Variable Interest Entity [Line Items]    
Commitment funded 60.4luk_CommitmentFunded
/ us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis
= luk_SBIUsaFundMember
60.1luk_CommitmentFunded
/ us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis
= luk_SBIUsaFundMember
Carrying amount of equity investment 22.7luk_CarryingAmountOfEquityInvestments
/ us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis
= luk_SBIUsaFundMember
43.1luk_CarryingAmountOfEquityInvestments
/ us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis
= luk_SBIUsaFundMember
Maximum amount committed to invest as per agreement 75.0luk_MaximumAmountCommittedToInvestAsPerAgreement
/ us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis
= luk_SBIUsaFundMember
75.0luk_MaximumAmountCommittedToInvestAsPerAgreement
/ us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis
= luk_SBIUsaFundMember
JEP IV [Member]    
Variable Interest Entity [Line Items]    
Carrying amount of equity investment 1.0luk_CarryingAmountOfEquityInvestments
/ us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis
= luk_JepIvMember
1.2luk_CarryingAmountOfEquityInvestments
/ us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis
= luk_JepIvMember
Energy Partners I, LP [Member]    
Variable Interest Entity [Line Items]    
Carrying Amount 0us-gaap_VariableInterestEntityNonconsolidatedCarryingAmountAssets
/ us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis
= luk_EnergyPartnersILpMember
 
Maximum exposure to loss 10.0us-gaap_VariableInterestEntityEntityMaximumLossExposureAmount
/ us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis
= luk_EnergyPartnersILpMember
 
Agency Mortgage-Backed Securitizations [Member]    
Variable Interest Entity [Line Items]    
Carrying Amount 2,729.5us-gaap_VariableInterestEntityNonconsolidatedCarryingAmountAssets
/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis
= luk_MortgageAndAssetBackedVehiclesAgencyMember
3,186.9us-gaap_VariableInterestEntityNonconsolidatedCarryingAmountAssets
/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis
= luk_MortgageAndAssetBackedVehiclesAgencyMember
Nonagency Mortgage- And Asset-Backed Securitizations [Member]    
Variable Interest Entity [Line Items]    
Carrying Amount $ 930.1us-gaap_VariableInterestEntityNonconsolidatedCarryingAmountAssets
/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis
= luk_MortgageAndAssetBackedVehiclesNonAgencyMember
$ 1,120.0us-gaap_VariableInterestEntityNonconsolidatedCarryingAmountAssets
/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis
= luk_MortgageAndAssetBackedVehiclesNonAgencyMember
[1] There were no significant liabilities at March 31, 2015 and December 31, 2014.