v2.4.0.6

Retirement Plans (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2011 | Dec. 31, 2010
Schedule Of Changes In Defined Benefit Plan Obligations |
| Pension Benefits | Postretirement Benefits
| 2011 | 2010 | 2011 | 2010
| (In millions)
Change in benefit obligation: |  |  |  |
Benefit obligation at beginning of year | $ 1,124 | $ 980 | $ 43 | $ 64
Service cost | 37 | 33 | 1 | 1
Interest cost | 60 | 58 | 2 | 3
Actuarial loss (gain) | 123 | 82 | (8) | 1
Plan amendments | — | 5 | 5 | (22)
Plan settlements | — | — | (4) | —
Foreign exchange rate changes | (1) | 2 | — | —
Participant contributions | — | — | 3 | 2
Benefits paid | (40) | (36) | (5) | (6)
Benefit obligation at end of year | 1,303 | 1,124 | 37 | 43
Change in plan assets: |  |  |  |
Fair value of plan assets at beginning of year | 632 | 532 | — | —
Actual return on plan assets | 141 | 69 | — | —
Employer contributions | 454 | 66 | 7 | 4
Participant contributions | — | — | 3 | 2
Plan settlements | — | — | (5) | —
Benefits paid | (40) | (36) | (5) | (6)
Foreign exchange rate changes | — | 1 | — | —
Fair value of plan assets at end of year | 1,187 | 632 | — | —
Funded status at end of year | $ (116) | $ (492) | $ (37) | $ (43)
Amounts recognized in balance sheet: |  |  |  |
Noncurrent assets | $ 116 | $ 2 | $ — | $ —
Current liabilities | (10) | (9) | (3) | (4)
Noncurrent liabilities | (222) | (485) | (34) | (39)
Net amount | $ (116) | $ (492) | $ (37) | $ (43)
Amounts recognized in accumulated other comprehensive earnings: |  |  |  |
Net actuarial loss (gain) | $ 348 | $ 357 | $ (9) | $ (5)
Prior service cost (credit) | 18 | 21 | (5) | (12)
Total | $ 366 | $ 378 | $ (14) | $ (17)
Schedule Of Pension Plans With Projected And Accumulated Benefit Obligations In Excess Of Plan Assets |
| December 31,
| 2011 | 2010
| (In millions)
Projected benefit obligation | $ 232 | $ 1,110
Accumulated benefit obligation | $ 189 | $ 996
Fair value of plan assets | $ — | $ 616
Schedule Of Components Of Net Periodic Benefit Cost And Other Comprehensive Income For Defined Benefit Plans |
| Pension Benefits | Postretirement Benefits
| 2011 | 2010 | 2009 | 2011 | 2010 | 2009
| (In millions)
Net periodic benefit cost: |  |  |  |  |  |
Service cost | $ 37 | $ 33 | $ 43 | $ 1 | $ 1 | $ 1
Interest cost | 60 | 58 | 58 | 2 | 3 | 3
Expected return on plan assets | (42) | (36) | (35) | — | — | —
Curtailment and settlement expense | — | — | 5 | (3) | — | —
Recognition of net actuarial loss (gain) | 32 | 27 | 45 | — | — | (1)
Recognition of prior service cost | 3 | 3 | 3 | (2) | 1 | 2
Total net periodic benefit cost | 90 | 85 | 119 | (2) | 5 | 5
Other comprehensive earnings: |  |  |  |  |  |
Actuarial loss (gain) arising in current year | 23 | 50 | (66) | (7) | 1 | 7
Prior service cost (credit) arising in current year. | — | 4 | — | 5 | (22) | —
Recognition of net actuarial loss, including settlement expense, in net periodic benefit cost | (32) | (27) | (45) | 3 | — | 1
Recognition of prior service cost, including curtailment, in net periodic benefit cost | (3) | (3) | (8) | 2 | (1) | (2)
Total other comprehensive (loss) earnings | (12) | 24 | (119) | 3 | (22) | 6
Total recognized | $ 78 | $ 109 | $ — | $ 1 | $ (17) | $ 11
Schedule Of Estimated Net Actuarial Loss And Prior Service Cost For Pension And Other Postretirement Plans To Be Amortized |
| Pension Benefits | Postretirement Benefits
| (In millions)
Net actuarial loss (gain) | $ 24 | $ (1)
Prior service cost (credit) | 3 | (1)
Total | $ 27 | $ (2)
Schedule Of Weighted-Average Assumptions Used To Determine Benefit Obligations And Net Periodic Pension Costs |
| Pension Benefits | Postretirement Benefits
| 2011 | 2010 | 2009 | 2011 | 2010 | 2009
Assumptions to determine benefit obligations: |  |  |  |  |  |
Discount rate | 4.65% | 5.50% | 6.00% | 4.25% | 4.90% | 5.70%
Rate of compensation increase | 4.97% | 6.94% | 6.95% | N/A | N/A | N/A
Assumptions to determine net periodic benefit cost: |  |  |  |  |  |
Discount rate | 5.50% | 6.00% | 6.00% | 4.90% | 5.70% | 6.00%
Expected return on plan assets | 6.48% | 6.94% | 7.18% | N/A | N/A | N/A
Rate of compensation increase | 6.94% | 6.95% | 6.95% | N/A | N/A | N/A
Schedule Of Fair Value Of Pension Assets |
| As of December 31, 2011
|  |  | Fair Value Measurements Using:
| Actual Allocation | Total | Level 1 Inputs | Level 2 Inputs | Level 3 Inputs
| ($ In millions)
Fixed-income securities: |  |  |  |  |
U.S. Treasury obligations | 43.9% | $ 522 | $ 27 | $ 495 | $ —
Corporate bonds | 24.8% | 294 | 265 | 29 | —
Other bonds | 3.1% | 36 | 36 | — | —
Total fixed-income securities | 71.8% | 852 | 328 | 524 | —
Equity securities: |  |  |  |  |
Global (large, mid, small cap) | 18.0% | 214 | — | 214 | —
Other securities: |  |  |  |  |
Hedge fund & alternative investments. | 8.9% | 106 | 16 | — | 90
Short-term investment funds | 1.3% | 15 | — | 15 | —
Total other securities | 10.2% | 121 | 16 | 15 | 90
Total investments | 100.0% | $ 1,187 | $ 344 | $ 753 | $ 90
| As of December 31, 2010
|  |  | Fair Value Measurements Using:
| Actual Allocation | Total | Level 1 Inputs | Level 2 Inputs | Level 3 Inputs
| ($ In millions)
Equity securities: |  |  |  |  |
U.S. large cap | 22.3% | $ 141 | $ — | $ 141 | $ —
U.S. small cap | 14.1% | 89 | 89 | — | —
International large cap | 14.4% | 91 | 50 | 41 | —
Total equity securities | 50.8% | 321 | 139 | 182 | —
Fixed-income securities: |  |  |  |  |
Corporate bonds | 22.0% | 139 | 139 | — | —
U.S. Treasury obligations | 10.9% | 69 | 69 | — | —
Other bonds | 4.6% | 29 | 29 | — | —
Total fixed-income securities | 37.5% | 237 | 237 | — | —
Other securities: |  |  |  |  |
Hedge funds | 9.2% | 58 | — | — | 58
Short-term investment funds | 2.5% | 16 | — | 16 | —
Total other securities | 11.7% | 74 | — | 16 | 58
Total investments | 100.0% | $ 632 | $ 376 | $ 198 | $ 58
Schedule Of Changes To Level 3 Plan Assets |
December 31, 2009 | $ 51
Purchases | 3
Investment returns | 4
December 31, 2010 | 58
Purchases | 33
Investment returns | (1)
December 31, 2011 | $ 90
Schedule Of Expected Cash Flow Information For Pension And Other Postretirement Benefit Plans |
| Pension Benefits | Postretirement Benefits
| (In millions)
Devon's 2012 contributions | $ 9 | $ 3
Benefit payments: |  |
2012 | $ 44 | $ 3
2013 | $ 49 | $ 3
2014 | $ 52 | $ 3
2015 | $ 56 | $ 3
2016 | $ 61 | $ 3
2017 to 2021 | $ 390 | $ 14
Schedule Of Expense Related To These Defined Contribution Plans |
| Year Ended December 31,
| 2011 | 2010 | 2009
| (In millions)
401(k) and enhanced contribution plans | $ 33 | $ 32 | $ 34
Canadian pension and savings plans | 21 | 17 | 15
Total | $ 54 | $ 49 | $ 49
Target Allocation [Member] |  |
Schedule Of Fair Value Of Pension Assets |
| December 31,
| 2011 | 2010
Fixed income | 70% | 40%
Equity | 20% | 47.5%
Other | 10% | 12.5%

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- Definition Tabular disclosure of accumulated benefit obligations and fair values of plan assets of pension plans and/or other employee benefit plans where the accumulated benefit obligation exceeds the fair value of plan assets. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Topic 715 -SubTopic 20 -Publisher FASB -Number -Article -Subparagraph (b) -Name Accounting Standards Codification -Paragraph 3 -Section 50 -URI http://asc.fasb.org/extlink&oid=6962843&loc=d3e2417-114920 + Details
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- Definition Tabular disclosure of the major categories of plan assets of pension plans and/or other employee benefit plans. This information may include, but is not limited to, the target allocation of plan assets, the fair value of each major category of plan assets, and the level within the fair value hierarchy in which the fair value measurements fall. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Topic 715 -SubTopic 20 -Publisher FASB -Number -Article -Subparagraph (d)(5) -Name Accounting Standards Codification -Paragraph 1 -Section 50 -URI http://asc.fasb.org/extlink&oid=6962843&loc=d3e1928-114920 + Details
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- Definition Tabular disclosure of the amounts related to pension plans and/or other employee benefit plans in accumulated other comprehensive income (loss) expected to be recognized as components of net periodic benefit cost over the next fiscal year, including the net gain (loss), net prior service cost or credit, and net transition asset or obligation. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Topic 715 -SubTopic 20 -Publisher FASB -Subparagraph (s) -Name Accounting Standards Codification -Paragraph 1 -Section 50 -URI http://asc.fasb.org/extlink&oid=6962843&loc=d3e1928-114920 + Details
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- Definition Tabular disclosure of the assumptions used to determine for pension plans and/or other employee benefit plans the benefit obligation and net benefit cost, including assumed discount rates, rate increase in compensation increase, and expected long-term rates of return on plan assets. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Topic 715 -SubTopic 20 -Publisher FASB -Number -Article -Subparagraph (k) -Name Accounting Standards Codification -Paragraph 1 -Section 50 -URI http://asc.fasb.org/extlink&oid=6962843&loc=d3e1928-114920 + Details
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- Definition Tabular disclosure of the change in the benefit obligation of pension plans and/or other employee benefit plans from the beginning to the end of the period, showing separately, if applicable, the effects of the following: service cost, interest cost, contributions by plan participants, actuarial gains and losses, foreign currency exchange rate changes, benefits paid, plan amendments, business combinations, divestitures, curtailments, settlements, and special and contractual termination benefits. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Topic 715 -SubTopic 20 -Publisher FASB -Number -Article -Subparagraph (a) -Name Accounting Standards Codification -Paragraph 1 -Section 50 -URI http://asc.fasb.org/extlink&oid=6962843&loc=d3e1928-114920 + Details
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- Definition Tabular disclosure of the costs related to the various types of retirement plans including defined benefit pension plan cost, defined contribution plan cost, other postretirement benefit plan cost, and net periodic benefit cost. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Topic 715 -SubTopic 20 -Publisher FASB -Number -Article -Subparagraph -Name Accounting Standards Codification -Paragraph 1 -Section 50 -URI http://asc.fasb.org/extlink&oid=6962843&loc=d3e1928-114920 + Details
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- Definition Tabular disclosure of the effect of fair value measurements using significant unobservable inputs (Level 3) on changes in plan assets of pension plans and/or other employee benefit plans for the period. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Topic 715 -SubTopic 20 -Publisher FASB -Number -Article -Subparagraph (d)(4) -Name Accounting Standards Codification -Paragraph 1 -Section 50 -URI http://asc.fasb.org/extlink&oid=6962843&loc=d3e1928-114920 + Details
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- Definition Tabular disclosure of benefits expected to be paid by pension plans and/or other employee benefit plans in each of the next five fiscal years and in the aggregate for the five fiscal years thereafter. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Topic 715 -SubTopic 20 -Publisher FASB -Number -Article -Subparagraph (f) -Name Accounting Standards Codification -Paragraph 1 -Section 50 -URI http://asc.fasb.org/extlink&oid=6962843&loc=d3e1928-114920 + Details
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- Definition Tabular disclosure of the components of net benefit costs for pension plans and/or other employee benefit plans including service cost, interest cost, expected return on plan assets, gain (loss), prior service cost or credit, transition asset or obligation, and gain (loss) recognized due to settlements or curtailments. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Topic 715 -SubTopic 20 -Publisher FASB -Number -Article -Subparagraph (h) -Name Accounting Standards Codification -Paragraph 1 -Section 50 -URI http://asc.fasb.org/extlink&oid=6962843&loc=d3e1928-114920 + Details
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