v3.6.0.2
Asset Retirement Obligations
 12 Months Ended
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.