v2.4.0.6

Derivative Financial Instruments (Tables) | 12 Months Ended
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Dec. 31, 2011
Derivative [Line Items] |
Schedule Of Open Interest Rate Swap Derivative Positions |
|  | December 31,
| Balance Sheet Caption | 2011 | 2010
|  | (In millions)
Asset derivatives: |  |  |
Commodity derivatives | Other current assets | $ 611 | $ 248
Commodity derivatives | Other long-term assets | 17 | 1
Interest rate derivatives | Other current assets | 30 | 100
Interest rate derivatives | Other long-term assets | 22 | 40
Total asset derivatives | $ 680 | $ 389
Liability derivatives: |  |  |
Commodity derivatives | Other current liabilities | $ 82 | $ 50
Commodity derivatives | Other long-term liabilities | — | 142
Total liability derivatives | $ 82 | $ 192
Schedule Of Derivative Financial Instruments Included In The Consolidated Balance Sheets And Consolidated Statement Of Operations |
| Comprehensive Statement of Earnings Caption | 2011 | 2010 | 2009
|  | (In millions)
Cash settlements: |  |  |  |
Commodity derivatives | Oil, gas and NGL derivatives | $ 392 | $ 888 | $ 505
Interest rate derivatives | Other, net | 77 | 44 | 40
Foreign exchange derivatives | Other, net | 16 | — | —
Total cash settlements | 485 | 932 | 545
Unrealized gains (losses): |  |  |  |
Commodity derivatives | Oil, gas and NGL derivatives | 489 | (77) | (121)
Interest rate derivatives | Other, net | (88) | (30) | 66
Total unrealized gains (losses) | 401 | (107) | (55)
Net gain recognized on comprehensive statements of earnings | $ 886 | $ 825 | $ 490
Commodity Derivatives [Member] |
Derivative [Line Items] |
Schedule Of Open Commodity Derivative Positions |
Production Period | Price Swaps | Price Collars | Call Options Sold
Period | Volume (Bbls/d) | Weighted Average Price ($/Bbl) | Volume (Bbls/d) | Weighted Average Floor Price ($/Bbl) | Weighted Average Ceiling Price ($/Bbl) | Volume (Bbls/d) | Weighted Average Price ($/Bbl)
Q1-Q4 2012. | 22,000 | $107.17 | 54,000 | $85.74 | $126.42 | 19,500 | $95.00
Q1-Q4 2013. | — | — | 7,000 | $90.00 | $125.12 | — | —
As of December 31, 2011, Devon had the following open natural gas derivative positions. Devon's natural gas derivative settle against the Inside FERC first of the month Henry Hub index.
Production Period | Price Swaps | Price Collars | Call Options Sold
Period | Volume (MMBtu/d) | Weighted Average Price ($/MMBtu) | Volume (MMBtu/d) | Weighted Average Floor Price ($/MMBtu) | Weighted Average Ceiling Price ($/MMBtu) | Volume (MMBtu/d) | Weighted Average Price ($/MMBtu)
Q1-Q4 2012. | 325,000 | $5.09 | 490,000 | $4.75 | $5.57 | 487,500 | $6.00
Basis Swaps
Production Period | Index | Volume (MMBtu/d) | Weighted Average Differential to Henry Hub ($/MMBtu)
Q1-Q4 2012 | El Paso Natural Gas Co. (Permian) | 85,000 | $(0.14)
Q1-Q4 2012 | Panhandle Eastern Pipeline | 70,000 | $(0.15)
Q1-Q4 2012 | Colorado Interstate Gas Co. | 10,000 | $(0.18)
Interest Rate Derivatives [Member] |
Derivative [Line Items] |
Schedule Of Open Commodity Derivative Positions |
Notional | Fixed Rate Received | Variable Rate Paid | Expiration
(In millions) |  |  |
$ 100 | 1.90% | Federal funds rate | August 2012
750 | 3.88% | Federal funds rate | July 2013
$ 850 | 3.65% |  |
Foreign Exchange Derivatives [Member] |
Derivative [Line Items] |
Schedule Of Open Commodity Derivative Positions |
Forward Contract
Currency | Contract Type | CAD Notional | Fixed Rate Received | Expiration
|  | (In millions) | (CAD-USD) |
Canadian Dollar | Sell | $ 305 | 0.9812 | March 30, 2012

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- Definition Tabular disclosure of the location and amount of gains and losses reported in the statement of financial performance, or when applicable, the statement of financial position. For example, (a) gains and losses recognized in the income statement on derivative instruments designated and qualifying as hedging instruments in fair value hedges and related hedged items designated and qualifying in fair value hedges and (b) gains and losses initially recognized in other comprehensive income on derivative instruments designated and qualifying as cash flow hedges. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 133 -Paragraph 205G -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4C -URI http://asc.fasb.org/extlink&oid=6935481&loc=SL5624171-113959 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4A -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=6935481&loc=SL5618551-113959 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 133 -Paragraph 44C -Subparagraph b -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. + Details
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- Definition Tabular disclosure of the location and fair value amounts of derivative instruments (and nonderivative instruments that are designated and qualify as hedging instruments) reported in the statement of financial position. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4B -URI http://asc.fasb.org/extlink&oid=6935481&loc=SL5624163-113959 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 133 -Paragraph 205G -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 133 -Paragraph 44C -Subparagraph a -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. + Details
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- Definition Tabular disclosure of pertinent information about a derivative or group of derivatives on a disaggregated basis, such as for individual instruments, or small groups of similar instruments. May include a combination of the type of instrument, risks being hedged, notional amount, hedge designation, related hedged item, inception date, maturity date, or other relevant item. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 1B -URI http://asc.fasb.org/extlink&oid=6935481&loc=SL5580258-113959 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 25 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6886632&loc=d3e76258-113986 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4B -URI http://asc.fasb.org/extlink&oid=6935481&loc=SL5624163-113959 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=6935481&loc=d3e41620-113959 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4C -URI http://asc.fasb.org/extlink&oid=6935481&loc=SL5624171-113959 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 5 -URI http://asc.fasb.org/extlink&oid=6935481&loc=d3e41641-113959 Reference 7: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 1A -URI http://asc.fasb.org/extlink&oid=6935481&loc=SL5579245-113959 Reference 8: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6935481&loc=SL5579240-113959 Reference 9: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.4-08.(n)(2)) -URI http://asc.fasb.org/extlink&oid=6881521&loc=d3e23780-122690 Reference 10: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 8 -URI http://asc.fasb.org/extlink&oid=6935481&loc=d3e41678-113959 Reference 11: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4 -URI http://asc.fasb.org/extlink&oid=6935481&loc=d3e41638-113959 + Details
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