v3.6.0.2

Asset Retirement Obligations | 12 Months Ended
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Dec. 31, 2016
Asset Retirement Obligations, Noncurrent [Abstract] |
Asset Retirement Obligations | Asset Retirement Obligations The following table presents the reconciliation of the beginning and ending aggregate carrying amounts of short-term and long-term legal obligations associated with the retirement of property, plant and equipment for the years ended December 31, 2016 and 2015 (in thousands):
| 2016 |  | 2015
Carrying Amount at Beginning of Period | $ | 811,554 |  |  | $ | 752,718 |
Liabilities Incurred (1) | 212,739 |  |  | 63,844 |
Liabilities Settled (2) | (94,800 | ) |  | (17,415 | )
Accretion | 32,306 |  |  | 31,956 |
Revisions | (38,286 | ) |  | (13,356 | )
Foreign Currency Translations | (10,587 | ) |  | (6,193 | )
Carrying Amount at End of Period | $ | 912,926 |  |  | $ | 811,554 |
Current Portion | $ | 18,516 |  |  | $ | 7,651 |
Noncurrent Portion | $ | 894,410 |  |  | $ | 803,903 |
(1) | Includes $164 million related to Yates transaction (see Note 17).
(2) | Includes settlements related to asset sales.
The current and noncurrent portions of EOG's asset retirement obligations are included in Current Liabilities - Other and Other Liabilities, respectively, on the Consolidated Balance Sheets.

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- Definition The entire disclosure for an asset retirement obligation and the associated long-lived asset. An asset retirement obligation is a legal obligation associated with the disposal or retirement from service of a tangible long-lived asset that results from the acquisition, construction or development, or the normal operations of a long-lived asset, except for certain obligations of lessees. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 410 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6392692&loc=d3e7535-110849 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 410 -SubTopic 20 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=6392692&loc=d3e7569-110849 + Details
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