Company: L
Filing Date: 2025-11-03
Form Type: 10-Q
Source: 0000060086-25-000181
Chunk: 105

Company: LOEWS CORP
Filing Date: 2025-11-03
Form: 10-Q
Item: Part I, Item 8
Chunk 105
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 aggregate costs of $690 million and $264 million during the nine months ended September 30, 2025 and 2024.

7. Debt

In August of 2025, CNA completed a public offering of $500 million aggregate principal amount of its 5.2% senior notes due August 15, 2035.

8. Revenue from Contracts with Customers

Disaggregation of revenues – Revenue from contracts with customers, other than insurance premiums, is reported as Non-insurance warranty revenue and within Operating revenues and other on the Consolidated Condensed Statements of Operations. The following table presents revenues from contracts with customers disaggregated by revenue type along with the reportable segment and a reconciliation to Operating revenues and other as reported in Note 12:Three Months EndedNine Months EndedSeptember 30,September 30,2025202420252024(In millions)     Non-insurance warranty – CNA Financial$393 $401 $1,188 $1,212  Transportation and storage of natural gas and NGLs and ethane supply and transportation services – Boardwalk Pipelines$530 $463 $1,662 $1,431 Lodging and related services – Loews Hotels & Co202 220 685 673 Total revenues from contracts with customers732 683 2,347 2,104 Other revenues27 23 79 74 Operating revenues and other$759 $706 $2,426 $2,178 Receivables from contracts with customers – As of September 30, 2025 and December 31, 2024, receivables from contracts with customers were approximately $226 million and $240 million and are included within Receivables on the Consolidated Condensed Balance Sheets.Deferred revenue – As of September 30, 2025 and December 31, 2024, deferred revenue resulting from contracts with customers were approximately $4.4 billion and $4.6 billion and are reported as Deferred non-insurance warranty revenue and within Other liabilities on the Consolidated Condensed Balance Sheets. Approximately $1.1 billion of revenues recognized during each of the nine months ended September 30, 2025 and 2024 were included in deferred revenue as of December 31, 2024 and 2023.Performance obligations – As of September 30, 2025, approximately $19.8 billion of estimated operating revenues is expected to be recognized in the future related to