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Retirement Plans
 3 Months Ended
Mar. 31, 2015
Retirement Plans [Abstract]  
Retirement Plans

14.    Retirement Plans

 

The following table presents the components of net periodic benefit cost for Devon’s pension benefit plans. There was no net periodic benefit cost for postretirement benefit plans for all periods presented below.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Pension Benefits

 

 

 

Three Months Ended March 31,

 

 

 

2015

 

2014

 

 

 

 

 

 

 

 

 

 

 

(Millions)

 

Service cost

 

$
8 

 

$
7 

 

Interest cost

 

 
13 

 

 
14 

 

Expected return on plan assets

 

 
(15)

 

 
(13)

 

Amortization of prior service cost (1)

 

 
1 

 

 
1 

 

Net actuarial loss (1)

 

 
5 

 

 
4 

 

Net periodic benefit cost (2)

 

$
12 

 

$
13 

 

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(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.