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Asset Retirement Obligations (Tables)

9 Months Ended

Sep. 30, 2015

Asset Retirement Obligations [Abstract]

Summary Of Changes In Asset Retirement Obligations

		Nine Months Ended September 30,
		2015			2014
		(Millions)
Asset retirement obligations as of beginning of period		$	1,399		$	2,228
Liabilities incurred			46			79
Liabilities settled and divested (1)			(48)			(987)
Revision of estimated obligation			62			75
Accretion expense on discounted obligation			56			70
Foreign currency translation adjustment			(80)			(55)
Asset retirement obligations as of end of period			1,435			1,410
Less current portion			58			62
Asset retirement obligations, long-term		$	1,377		$	1,348

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(1) During the first nine months of 2014, Devon reduced its asset retirement obligations by $949 million related to its asset divestiture program discussed in Note 2.

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- References

No definition available.

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- Definition

Tabular disclosure of the carrying amount of a liability for asset retirement obligations.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef



-Publisher FASB



-Name Accounting Standards Codification



-Topic 410



-SubTopic 20



-Section 50



-Paragraph 1



-URI http://asc.fasb.org/extlink&oid=6392692&loc=d3e7535-110849

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