Other Comprehensive Earnings

12 Months Ended

Dec. 31, 2020

Other Comprehensive Income Loss Net Of Tax Period Increase Decrease [Abstract]

Other Comprehensive Earnings

10. Other Comprehensive Earnings

Components of other comprehensive earnings consist of the following:

	Year Ended December 31,
	2020			2019			2018
Foreign currency translation:
Beginning accumulated foreign currency translation and other	$	—		$	1,159		$	1,309
Change in cumulative translation adjustment		—			78			(166	)
Release of Canadian cumulative translation adjustment (1)		—			(1,237	)		—
Income tax benefit		—			—			14
Other		—			—			2
Ending accumulated foreign currency translation and other		—			—			1,159
Pension and postretirement benefit plans:
Beginning accumulated pension and postretirement benefits		(119	)		(132	)		(143	)
Net actuarial gain and prior service cost arising in current year		(34	)		(10	)		(3	)
Recognition of net actuarial loss and prior service cost in earnings (2)		7			6			12
Curtailment and settlement of pension benefits		16			21			47
Income tax expense		3			(4	)		(12	)
Other (3)		—			—			(33	)
Ending accumulated pension and postretirement benefits		(127	)		(119	)		(132	)
Accumulated other comprehensive earnings (loss), net of tax	$	(127	)	$	(119	)	$	1,027

(1) In conjunction with the sale of substantially all of its oil and gas assets and operations in Canada, Devon released the cumulative translation adjustment as part of its gain on the disposition of its Canadian business. See Note 19 for additional details.

(2) These accumulated other comprehensive earnings components are included in the computation of net periodic benefit cost, which is a component of other expenses in the accompanying consolidated statements of comprehensive earnings. See Note 17 for additional details.

(3) As a result of Devon’s early adoption of ASU 2018-02 in the fourth quarter of 2018, Devon reclassified $33 million from accumulated other comprehensive income to retained earnings in the December 31, 2018 consolidated balance sheet.