In the fourth quarter of 2009, Devon announced plans to divest its offshore assets. As of June 30, 2012, Devon had divested all of its U.S. Offshore and International assets. Since inception of the plan, Devon has incurred $202 million of restructuring costs associated with these divestitures.

The schedule below summarizes restructuring costs presented in the accompanying comprehensive statements of earnings. Restructuring costs related to Devon’s discontinued operations totaled $(8) million and $(2) million in the second quarter and first six months of June 30, 2011. These costs primarily related to cash severance and share-based awards and are not included in the schedule below. There were no costs related to discontinued operations in the six months ended June 30, 2012.


	Three Months Ended June 30,		Six Months Ended June 30,
	2012	2011	2012	2011
	(In millions)
Lease obligations...........................................................................................	$ —	$ 2	$ —	$ (2)
Asset impairments.........................................................................................	—	2	—	2
Other................................................................................................................	—	2	—	1
Restructuring costs.....................................................................................	$ —	$ 6	$ —	$ 1

The schedule below summarizes Devon’s restructuring liabilities. Devon’s restructuring liabilities for cash severance related to its discontinued operations totaled $10 million at June 30, 2011 and are not included in the schedule below.


	Other Current Liabilities	Other Long-Term Liabilities	Total
	(In millions)
Balance as of December 31, 2011.............................................................	$ 29	$ 16	$ 45
Lease obligations settled............................................................................	(9)	(1)	(10)
Cash severance settled...............................................................................	(5)	—	(5)
Balance as of June 30, 2012.......................................................................	$ 15	$ 15	$ 30

Balance as of December 31, 2010.............................................................	$ 31	$ 51	$ 82
Lease obligations settled............................................................................	(1)	(7)	(8)
Cash severance settled...............................................................................	(16)	—	(16)
Other..............................................................................................................	—	(1)	(1)
Balance as of June 30, 2011.......................................................................	$ 14	$ 43	$ 57