v2.4.0.6
Other, Net
12 Months Ended
Dec. 31, 2011
Other, Net [Abstract]  
Other, net

5. Other, net

 

The components of other, net in the accompanying comprehensive statement of earnings include the following:  

 

 

Year Ended December 31,

 

2011

2010

2009

 

(In millions)

Accretion of asset retirement obligations

$           92

$           92

$           91

Interest rate swaps – unrealized fair value changes

             88

             30

            (66)

Interest rate swaps – cash settlements

            (77)

            (44)

            (40)

Interest income

            (21)

            (13)

              (8)

Other

            (92)

            (32)

            (60)

  Total

$          (10)

$           33

$          (83)

During 2011, Devon received $88 million of excess insurance recoveries related to certain weather and operational claims. In 2009, Devon reversed an $84 million loss contingency accrual. Devon had previously accrued $84 million for potential royalties on various deep water leases but reversed the accrual in 2009 due to a federal district court ruling.