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Retirement Plans
 6 Months Ended
Jun. 30, 2018
Compensation And Retirement Disclosure [Abstract]  
Retirement Plans

17.

Retirement Plans

The following table presents the components of net periodic benefit cost for Devon’s pension and postretirement benefit plans.

 

 

 

Pension Benefits

 

 

Postretirement Benefits

 

 

 

Three Months Ended

 

 

Six Months Ended

 

 

Three Months Ended

 

 

Six Months Ended

 

 

 

June 30,

 

 

June 30,

 

 

June 30,

 

 

June 30,

 

 

 

2018

 

 

2017

 

 

2018

 

 

2017

 

 

2018

 

 

2017

 

 

2018

 

 

2017

 

Service cost

 

$

3

 

 

$

4

 

 

$

6

 

 

$

8

 

 

$

—

 

 

$

—

 

 

$

—

 

 

$

—

 

Interest cost

 

 

10

 

 

 

11

 

 

 

20

 

 

 

21

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

Expected return on plan assets

 

 

(14

)

 

 

(14

)

 

 

(28

)

 

 

(27

)

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

Amortization of prior service cost (1)

 

 

1

 

 

 

—

 

 

 

1

 

 

 

1

 

 

 

(1

)

 

 

(1

)

 

 

(1

)

 

 

(1

)

Net actuarial loss (1)

 

 

3

 

 

 

5

 

 

 

7

 

 

 

9

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

Net periodic benefit cost (2)

 

$

3

 

 

$

6

 

 

$

6

 

 

$

12

 

 

$

(1

)

 

$

(1

)

 

$

(1

)

 

$

(1

)

 

 

(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.