Loews carrying value of diamond offshore drilling, other units $1.5 bln on dec 31

Loews - loews’s carrying value of diamond offshore drilling & some of its units, at dec 31, 2019 was $1.5 billion.loews - is not responsible for, & does not provide guarantees of, liabilities & obligations of its units, including diamond.loews - expects to record in q2 a non-cash loss for difference between carrying value, estimated fair value of interest in diamond as of april 26.loews - to no longer control diamond for accounting purposes, diamond to be deconsolidated from co's consolidated financial statements effective april 26.
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