v2.4.0.6
Retirement Plans
6 Months Ended
Jun. 30, 2012
Retirement Plans [Abstract]  
Retirement Plans

15. Retirement Plans

The following table presents the components of net periodic benefit cost for Devon’s pension and postretirement benefit plans.

 

 

 

 

 

 

 

 

 

 

 

Pension Benefits

Postretirement Benefits

 

Three Months

Ended June 30,

Six Months

Ended June 30,

Three Months

Ended June 30,

Six Months

Ended June 30,

 

2012

2011

2012

2011

2012

2011

2012

2011

 

(In millions)

 

 

 

 

 

 

 

 

 

Service cost......................................

$        10

$          9

$        21

$        18

$       

$          1

$       

$          1

Interest cost......................................

          15

          15

          30

          30

         

         

            1

            1

Expected return on plan assets.....

         (16)

         (11)

         (32)

         (21)

         

         

         

         

Amortization of prior service cost

            1

            1

            2

            2

         

           (1)

           (1)

           (1)

Net actuarial loss.............................

            6

            8

          12

          16

         

         

         

         

Net periodic benefit cost..............

$        16

$        22

$        33

$        45

$       

$       

$       

$          1