LOEWS CORP
For the period ended Dec 31, 2025. Filed Feb 10, 2026.
View on SEC.govAbout this filing
A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2025 · Filed Feb 10, 2026
L$110.93+0.9%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Property, Plant and Equipment
Note 6. Property, Plant and Equipment
| December 31 | 2025 | 2024 |
|---|---|---|
| (In millions) | ||
| Pipeline equipment (net of accumulated depreciation of $5,184 and $4,819) | $8,330 | $8,478 |
| Hotel properties (net of accumulated depreciation of $709 and $646) | 1,522 | 1,517 |
| Other (net of accumulated depreciation of $556 and $578) | 486 | 496 |
| Construction in process | 357 | 247 |
| Property, plant and equipment | $10,695 | $10,738 |
Depreciation expense and capital expenditures are as follows:
| Year Ended December 31 · 2025 · 2024 · 2023 | |||||||||
|---|---|---|---|---|---|---|---|---|---|
| Depre-ciation · Capital Expend. · Depre-ciation · CapitalExpend. · Depre-ciation · Capital Expend. | |||||||||
| (In millions) | |||||||||
| CNA Financial | $65 | $73 | $59 | $105 | $54 | $97 | |||
| Boardwalk Pipelines | 440 | 386 | 426 | 365 | 410 | 383 | |||
| Loews Hotels & Co | 100 | 143 | 93 | 115 | 69 | 201 | |||
| Corporate | 2 | 2 | 1 | 12 | |||||
| Total | $607 | $602 | $580 | $585 | $534 | $693 | |||
Capitalized interest related to the construction and upgrade of qualifying assets amounted to approximately $11 million, $27 million and $32 million for the years ended December 31, 2025, 2024 and 2023.
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.