Company: L
Filing Date: 2025-02-11
Form Type: 10-K
Source: 0000060086-25-000036
Chunk: 176

Company: LOEWS CORP
Filing Date: 2025-02-11
Form: 10-K
Item: Item 3
Chunk 176
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22(In millions)             Service cost$2 $2 $2 Interest cost96 110 76 $2 $2 $1 Expected return on plan assets(119)(125)(165)(3)(3)(2)Amortization of unrecognized net loss29 35 32 1 1 Settlements372 48 5 Net periodic (benefit) cost$380 $70 $(50)$— $— $(1)The following provides a reconciliation of benefit obligations and plan assets:Pension Benefits Other Postretirement Benefits  2024202320242023(In millions)         Change in benefit obligation:         Benefit obligation at January 1$1,991 $2,220 $34 $33 Service cost2 2 Interest cost96 110 2 2 Plan participants’ contributions2 3 Actuarial (gain) loss(29)31 6 Benefits paid from plan assets(149)(181)(7)(10)Settlements(1,052)(194)Foreign exchange(2)3 Benefit obligation at December 31$857 $1,991 $31 $34 Change in plan assets:Fair value of plan assets at January 1$2,074 $2,212 $83 $81 Actual return on plan assets120 206 3 5 Company contributions13 22 2 4 Plan participants' contributions2 3 Benefits paid from plan assets(149)(181)(7)(10)Settlements(1,052)(188)Foreign exchange(2)3 Fair value of plan assets at December 31$1,004 $2,074 $83 $83 Funded status$147 $83 $52 $49 

149

Pension Benefits Other Postretirement Benefits  2024202320242023(In millions)         Amounts recognized in the Consolidated Balance Sheets consist of:         Other assets$283 $229 $61 $59 Other liabilities(136)(146)(9)(10)Net amount recognized$147 $83 $52 $49 Amounts recognized in Accumulated other comprehensive income (loss), not yet recognized in net periodic (benefit) cost:Prior service credit$1 $1 Net actuarial loss241 672 $2 $3