XML 78 R44.htm IDEA: XBRL DOCUMENT
v2.4.1.9

Retirement Plans (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2014
Schedule Of Changes In Defined Benefit Plan Obligations |
|  | Pension Benefits |  | Postretirement Benefits
|  | 2014 |  | 2013 |  | 2014 |  | 2013
|  | (In millions)
Change in benefit obligation: |  |  |  |  |  |  |  |  |  |  |  |
Benefit obligation at beginning of year |  | $ | 1,177 |  | $ | 1,360 |  | $ | 24 |  | $ | 34
Service cost |  |  | 30 |  |  | 36 |  |  | 1 |  |  | 1
Interest cost |  |  | 55 |  |  | 51 |  |  | 1 |  |  | 1
Actuarial loss (gain) |  |  | 203 |  |  | (158) |  |  | - |  |  | (3)
Plan amendments |  |  | - |  |  | 2 |  |  | - |  |  | (8)
Plan settlements |  |  | (4) |  |  | - |  |  | - |  |  | -
Foreign exchange rate changes |  |  | (3) |  |  | (2) |  |  | - |  |  | -
Participant contributions |  |  | - |  |  | - |  |  | 2 |  |  | 3
Benefits paid |  |  | (81) |  |  | (112) |  |  | (4) |  |  | (4)
Benefit obligation at end of year |  |  | 1,377 |  |  | 1,177 |  |  | 24 |  |  | 24
Change in plan assets: |  |  |  |  |  |  |  |  |  |  |  |
Fair value of plan assets at beginning of year |  |  | 1,006 |  |  | 1,165 |  |  | - |  |  | -
Actual return on plan assets |  |  | 200 |  |  | (57) |  |  | - |  |  | -
Employer contributions |  |  | 29 |  |  | 11 |  |  | 2 |  |  | 1
Participant contributions |  |  | - |  |  | - |  |  | 2 |  |  | 3
Plan settlements |  |  | (4) |  |  | - |  |  | - |  |  | -
Benefits paid |  |  | (81) |  |  | (112) |  |  | (4) |  |  | (4)
Foreign exchange rate changes |  |  | (1) |  |  | (1) |  |  | - |  |  | -
Fair value of plan assets at end of year |  |  | 1,149 |  |  | 1,006 |  |  | - |  |  | -
Funded status at end of year |  | $ | (228) |  | $ | (171) |  | $ | (24) |  | $ | (24)
Amounts recognized in balance sheet: |  |  |  |  |  |  |  |  |  |  |  |
Other long-term assets |  | $ | 22 |  | $ | 47 |  | $ | - |  | $ | -
Other current liabilities |  |  | (10) |  |  | (12) |  |  | (3) |  |  | (3)
Other long-term liabilities |  |  | (240) |  |  | (206) |  |  | (21) |  |  | (21)
Net amount |  | $ | (228) |  | $ | (171) |  | $ | (24) |  | $ | (24)
Amounts recognized in accumulated other comprehensive earnings: |  |  |  |  |  |  |  |  |  |  |  |
Net actuarial loss (gain) |  | $ | 317 |  | $ | 279 |  | $ | (11) |  | $ | (13)
Prior service cost (credit) |  |  | 19 |  |  | 23 |  |  | (9) |  |  | (11)
Total |  | $ | 336 |  | $ | 302 |  | $ | (20) |  | $ | (24)
Schedule Of Projected Benefit Obligation And Accumulated Benefit Obligation In Excess Of Plan Assets |
|  | December 31,
|  | 2014 |  | 2013
|  | (In millions)
Projected benefit obligation |  | $ | 250 |  | $ | 218
Accumulated benefit obligation |  | $ | 191 |  | $ | 179
Fair value of plan assets |  | $ | - |  | $ | -
Schedule Of Net Periodic Benefit Cost And Other Comprehensive Income For Pension And Other Postretirement Benefit Plans |
|  | Pension Benefits |  | Postretirement Benefits
|  | 2014 |  | 2013 |  | 2012 |  | 2014 |  | 2013 |  | 2012
|  | (In millions)
Net periodic benefit cost: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Service cost |  | $ | 30 |  | $ | 36 |  | $ | 43 |  | $ | 1 |  | $ | 1 |  | $ | 1
Interest cost |  |  | 55 |  |  | 51 |  |  | 60 |  |  | 1 |  |  | 1 |  |  | 1
Expected return on plan assets |  |  | (54) |  |  | (62) |  |  | (64) |  |  | - |  |  | - |  |  | -
Curtailment and settlement expense |  |  | 1 |  |  | - |  |  | 26 |  |  | - |  |  | - |  |  | 1
Recognition of net actuarial loss (gain) (1) |  |  | 18 |  |  | 22 |  |  | 24 |  |  | (1) |  |  | (1) |  |  | (1)
Recognition of prior service cost (1) |  |  | 4 |  |  | 4 |  |  | 3 |  |  | (2) |  |  | (1) |  |  | (1)
Total net periodic benefit cost (2) |  |  | 54 |  |  | 51 |  |  | 92 |  |  | (1) |  |  | - |  |  | 1
Other comprehensive loss (earnings): |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Actuarial loss (gain) arising in current year |  |  | 57 |  |  | (39) |  |  | 37 |  |  | - |  |  | (3) |  |  | (4)
Prior service cost (credit) arising in current year |  |  | - |  |  | 2 |  |  | 14 |  |  | - |  |  | (8) |  |  | -
Recognition of net actuarial loss, including settlement |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
expense, in net periodic benefit cost |  |  | (19) |  |  | (22) |  |  | (45) |  |  | 1 |  |  | 1 |  |  | 1
Recognition of prior service cost, including curtailment, |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
in net periodic benefit cost |  |  | (4) |  |  | (4) |  |  | (8) |  |  | 2 |  |  | 1 |  |  | 1
Total other comprehensive loss (earnings) |  |  | 34 |  |  | (63) |  |  | (2) |  |  | 3 |  |  | (9) |  |  | (2)
Total recognized |  | $ | 88 |  | $ | (12) |  | $ | 90 |  | $ | 2 |  | $ | (9) |  | $ | (1)
__________________________ (1) These net periodic benefit costs were reclassified out of other comprehensive earnings in the current period. (2) Net periodic benefit cost is a component of general and administrative expenses on the accompanying consolidated comprehensive statements of earnings.
Schedule Of Estimated Net Actuarial Loss And Prior Service Cost For The Pension And Other Postretirement Plans That Will Be Amortized From Accumulated Other Comprehensive Income Into Net Periodic Benefit Cost During 2015 |
|  | Pension Benefits |  | Postretirement Benefits
|  | (In millions)
Net actuarial loss (gain) |  | $ | 21 |  | $ | (1)
Prior service cost (credit) |  |  | 4 |  |  | (2)
Total |  | $ | 25 |  | $ | (3)
Schedule Of Weighted Average Actuarial Assumptions Used To Determine Benefit Obligations And Net Periodic Benefit Costs |
|  | Pension Benefits |  | Postretirement Benefits
|  | 2014 |  | 2013 |  | 2012 |  | 2014 |  | 2013 |  | 2012
Assumptions to determine benefit obligations: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Discount rate |  |  | 3.90% |  |  | 4.80% |  |  | 3.85% |  |  | 3.25% |  |  | 3.65% |  |  | 3.30%
Rate of compensation increase |  |  | 4.49% |  |  | 4.48% |  |  | 4.48% |  |  | N/A |  |  | N/A |  |  | N/A
Assumptions to determine net periodic benefit cost: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Discount rate |  |  | 4.80% |  |  | 3.85% |  |  | 4.65% |  |  | 3.65% |  |  | 3.30% |  |  | 4.25%
Rate of compensation increase |  |  | 4.49% |  |  | 4.48% |  |  | 4.97% |  |  | N/A |  |  | N/A |  |  | N/A
Expected return on plan assets |  |  | 5.42% |  |  | 5.48% |  |  | 5.48% |  |  | N/A |  |  | N/A |  |  | N/A
Schedule Of Fair Value of Pension Assets By Asset Class |
|  | As of December 31, 2014
|  |  |  |  |  |  |  | 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 |  |  | 35.2% |  | $ | 405 |  | $ | 50 |  | $ | 355 |  | $ | -
Corporate bonds |  |  | 31.7% |  |  | 364 |  |  | 269 |  |  | 95 |  |  | -
Other bonds |  |  | 2.6% |  |  | 30 |  |  | 30 |  |  | - |  |  | -
Total fixed-income securities |  |  | 69.5% |  |  | 799 |  |  | 349 |  |  | 450 |  |  | -
Equity securities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Global (large, mid, small cap) |  |  | 17.2% |  |  | 197 |  |  | - |  |  | 197 |  |  | -
Other securities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Hedge fund and alternative investments |  |  | 9.7% |  |  | 112 |  |  | - |  |  | - |  |  | 112
Short-term investments |  |  | 3.6% |  |  | 41 |  |  | 15 |  |  | 26 |  |  | -
Total other securities |  |  | 13.3% |  |  | 153 |  |  | 15 |  |  | 26 |  |  | 112
Total investments |  |  | 100.0% |  | $ | 1,149 |  | $ | 364 |  | $ | 673 |  | $ | 112
|  | As of December 31, 2013
|  |  |  |  |  |  |  | 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 |  |  | 24.0% |  | $ | 241 |  | $ | 69 |  | $ | 172 |  | $ | -
Corporate bonds |  |  | 39.5% |  |  | 398 |  |  | 286 |  |  | 112 |  |  | -
Other bonds |  |  | 3.1% |  |  | 31 |  |  | 31 |  |  | - |  |  | -
Total fixed-income securities |  |  | 66.6% |  |  | 670 |  |  | 386 |  |  | 284 |  |  | -
Equity securities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Global (large, mid, small cap) |  |  | 19.0% |  |  | 190 |  |  | - |  |  | 190 |  |  | -
Other securities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Hedge fund and alternative investments |  |  | 12.5% |  |  | 127 |  |  | 15 |  |  | - |  |  | 112
Short-term investments |  |  | 1.9% |  |  | 19 |  |  | - |  |  | 19 |  |  | -
Total other securities |  |  | 14.4% |  |  | 146 |  |  | 15 |  |  | 19 |  |  | 112
Total investments |  |  | 100.0% |  | $ | 1,006 |  | $ | 401 |  | $ | 493 |  | $ | 112
Schedule of Changes In Level 3 Plan Assets |
December 31, 2012 |  | $ | 103
Investment returns |  |  | 9
December 31, 2013 |  |  | 112
Disbursements |  |  | (6)
Investment returns |  |  | 6
December 31, 2014 |  | $ | 112
Schedule Of Expected Cash Flow Information For Pension And Other Postretirement Benefit Plans |
|  | Pension Benefits |  | Postretirement Benefits
|  | (In millions)
Devon's 2015 contributions |  | $ | 10 |  | $ | 3
Benefit payments: |  |  |  |  |  |
2015 |  | $ | 73 |  | $ | 3
2016 |  | $ | 75 |  | $ | 3
2017 |  | $ | 79 |  | $ | 3
2018 |  | $ | 82 |  | $ | 3
2019 |  | $ | 86 |  | $ | 2
2020 to 2024 |  | $ | 466 |  | $ | 8
Schedule Of Expense Related To These Defined Contribution Plans |
|  | Year Ended December 31,
|  | 2014 |  | 2013 |  | 2012
|  | (In millions)
401(k) and enhanced contribution plans |  | $ | 49 |  | $ | 41 |  | $ | 36
Canadian pension and savings plans |  |  | 20 |  |  | 26 |  |  | 23
Total |  | $ | 69 |  | $ | 67 |  | $ | 59
Target Allocation [Member] |
Schedule Of Fair Value of Pension Assets By Asset Class |
|  | December 31,
|  | 2014 |  | 2013
Fixed income |  |  | 70% |  |  | 70%
Equity |  |  | 20% |  |  | 20%
Other |  |  | 10% |  |  | 10%

X
- 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 -Publisher FASB -Name Accounting Standards Codification -Topic 715 -SubTopic 20 -Section 50 -Paragraph 3 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=35743120&loc=d3e2417-114920 + Details
Name: | us-gaap_ScheduleOfAccumulatedBenefitObligationsInExcessOfFairValueOfPlanAssetsTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- 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 -Publisher FASB -Name Accounting Standards Codification -Topic 715 -SubTopic 20 -Section 50 -Paragraph 1 -Subparagraph (d)(5) -URI http://asc.fasb.org/extlink&oid=35743120&loc=d3e1928-114920 + Details
Name: | us-gaap_ScheduleOfAllocationOfPlanAssetsTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- 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 -Publisher FASB -Name Accounting Standards Codification -Topic 715 -SubTopic 20 -Section 50 -Paragraph 1 -Subparagraph (s) -URI http://asc.fasb.org/extlink&oid=35743120&loc=d3e1928-114920 + Details
Name: | us-gaap_ScheduleOfAmountsInAccumulatedOtherComprehensiveIncomeLossToBeRecognizedOverNextFiscalYearTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- 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 -Publisher FASB -Name Accounting Standards Codification -Topic 715 -SubTopic 20 -Section 50 -Paragraph 1 -Subparagraph (k) -URI http://asc.fasb.org/extlink&oid=35743120&loc=d3e1928-114920 + Details
Name: | us-gaap_ScheduleOfAssumptionsUsedTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- 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 -Publisher FASB -Name Accounting Standards Codification -Topic 715 -SubTopic 20 -Section 50 -Paragraph 1 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=35743120&loc=d3e1928-114920 + Details
Name: | us-gaap_ScheduleOfChangesInProjectedBenefitObligationsTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- 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 -Publisher FASB -Name Accounting Standards Codification -Topic 715 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=35743120&loc=d3e1928-114920 + Details
Name: | us-gaap_ScheduleOfCostsOfRetirementPlansTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- 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 -Publisher FASB -Name Accounting Standards Codification -Topic 715 -SubTopic 20 -Section 50 -Paragraph 1 -Subparagraph (d)(4) -URI http://asc.fasb.org/extlink&oid=35743120&loc=d3e1928-114920 + Details
Name: | us-gaap_ScheduleOfEffectOfSignificantUnobservableInputsChangesInPlanAssetsTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- 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 -Publisher FASB -Name Accounting Standards Codification -Topic 715 -SubTopic 20 -Section 50 -Paragraph 1 -Subparagraph (f) -URI http://asc.fasb.org/extlink&oid=35743120&loc=d3e1928-114920 + Details
Name: | us-gaap_ScheduleOfExpectedBenefitPaymentsTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- 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 -Publisher FASB -Name Accounting Standards Codification -Topic 715 -SubTopic 20 -Section 50 -Paragraph 1 -Subparagraph (h) -URI http://asc.fasb.org/extlink&oid=35743120&loc=d3e1928-114920 + Details
Name: | us-gaap_ScheduleOfNetBenefitCostsTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Details
Name: | us-gaap_DefinedBenefitPlanByPlanAssetCategoriesAxis=dvn_TargetAllocationMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |