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Other, Net
12 Months Ended
Dec. 31, 2022
Other Expenses [Abstract]  
Other, Net
7.
Other, Net

The following table summarizes Devon’s other expenses (income) presented in the accompanying consolidated comprehensive statements of earnings.

 

 

 

Year Ended December 31,

 

 

 

2022

 

 

2021

 

 

2020

 

Estimated future obligation under a performance guarantee

 

$

(144

)

 

$

(18

)

 

$

 

Ukraine charitable pledge

 

 

20

 

 

 

 

 

 

 

Asset retirement obligation accretion

 

 

25

 

 

 

28

 

 

 

20

 

Severance and other non-income tax refunds

 

 

(5

)

 

 

(39

)

 

 

(40

)

Other

 

 

9

 

 

 

(14

)

 

 

(14

)

Total

 

$

(95

)

 

$

(43

)

 

$

(34

)

 

Devon has guaranteed performance through 2026 for a minimum volume commitment associated with assets divested in 2018. In 2022, the purchaser of the assets was able to fully satisfy the $35 million performance obligation due in 2022 and repay Devon $44 million for shortfall payments paid by WPX and Devon in 2021 and 2020. Due to improved commodity prices, market conditions, and performance by the purchaser of the assets, Devon also reduced the estimated liability associated with this performance obligation by $65 million in 2022. The effect of these cash collections and liability revisions resulted in a $144 million total benefit in 2022.

During 2022, Devon paid approximately $20 million for humanitarian relief for the Ukrainian people and surrounding countries supporting refugees.

During 2022, 2021 and 2020, Devon received severance and other non-income tax refunds of $5 million, $39 million and $40 million, respectively, related to prior periods.