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Retirement Plans

6 Months Ended

Jun. 30, 2019

Compensation And Retirement Disclosure [Abstract]

16.	Retirement Plans

The following table presents the components of net periodic benefit cost for Devon’s pension benefits plan. There was $1 million of net periodic benefit credit for postretirement benefit plans for all periods presented below.

	Pension Benefits
	Three Months Ended June 30,						Six Months Ended June 30,
	2019			2018			2019			2018
Service cost	$	2		$	3		$	3		$	5
Interest cost		8			10			17			20
Expected return on plan assets		(9	)		(14	)		(19	)		(27	)
Amortization of prior service cost ⁽¹⁾		—			1			1			1
Net actuarial loss ⁽¹⁾		3			3			6			7
Net periodic benefit cost ⁽²⁾	$	4		$	3		$	8		$	6

(1)	These net periodic benefit costs were reclassified out of other comprehensive earnings.

(2)	The service cost component of net periodic benefit cost is included in G&A expense and the remaining components of net periodic benefit costs are included in other expenses in the accompanying consolidated comprehensive statements of earnings.