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These excerpts taken from the DVN 10-K filed Feb 27, 2009. Foreign
Currency Translation Adjustments
The U.S. dollar is the functional currency for Devon’s
consolidated operations except its Canadian subsidiaries, which
use the Canadian dollar as the functional currency. Therefore,
the assets and liabilities of Devon’s Canadian subsidiaries
are translated into U.S. dollars based on the current
exchange rate in effect at the balance sheet dates. Canadian
income and expenses are translated at average rates for the
periods presented. Translation adjustments have no effect on net
income and are included in accumulated other comprehensive
income in stockholders’ equity. The following table
presents the balances of Devon’s cumulative translation
adjustments included in accumulated other comprehensive income
(in millions).
Foreign
Currency Translation Adjustments
The U.S. dollar is the functional currency for Devon’s
consolidated operations except its Canadian subsidiaries, which
use the Canadian dollar as the functional currency. Therefore,
the assets and liabilities of Devon’s Canadian subsidiaries
are translated into U.S. dollars based on the current
exchange rate in effect at the balance sheet dates. Canadian
income and expenses are translated at average rates for the
periods presented. Translation adjustments have no effect on net
income and are included in accumulated other comprehensive
income in stockholders’ equity. The following table
presents the balances of Devon’s cumulative translation
adjustments included in accumulated other comprehensive income
(in millions).
Foreign Currency Translation Adjustments The U.S. dollar is the functional currency for Devon’s consolidated operations except its Canadian subsidiaries, which use the Canadian dollar as the functional currency. Therefore, the assets and liabilities of Devon’s Canadian subsidiaries are translated into U.S. dollars based on the current exchange rate in effect at the balance sheet dates. Canadian income and expenses are translated at average rates for the periods presented. Translation adjustments have no effect on net income and are included in accumulated other comprehensive income in stockholders’ equity. The following table presents the balances of Devon’s cumulative translation adjustments included in accumulated other comprehensive income (in millions).
Foreign Currency Translation Adjustments The U.S. dollar is the functional currency for Devon’s consolidated operations except its Canadian subsidiaries, which use the Canadian dollar as the functional currency. Therefore, the assets and liabilities of Devon’s Canadian subsidiaries are translated into U.S. dollars based on the current exchange rate in effect at the balance sheet dates. Canadian income and expenses are translated at average rates for the periods presented. Translation adjustments have no effect on net income and are included in accumulated other comprehensive income in stockholders’ equity. The following table presents the balances of Devon’s cumulative translation adjustments included in accumulated other comprehensive income (in millions).
These excerpts taken from the DVN 10-K filed Jun 9, 2008. Foreign
Currency Translation Adjustments
The U.S. dollar is the functional currency for Devon’s
consolidated operations except its Canadian subsidiaries, which
use the Canadian dollar as the functional currency. Therefore,
the assets and liabilities of Devon’s Canadian subsidiaries
are translated into U.S. dollars based on the current
exchange rate in effect at the balance sheet dates. Canadian
income and expenses are translated at average rates for the
periods presented. Translation adjustments have no effect on net
income and are included in accumulated other comprehensive
income in stockholders’ equity. The following table
presents the balances of Devon’s cumulative translation
adjustments included in accumulated other comprehensive income
(in millions).
Foreign Currency Translation Adjustments The U.S. dollar is the functional currency for Devon’s consolidated operations except its Canadian subsidiaries, which use the Canadian dollar as the functional currency. Therefore, the assets and liabilities of Devon’s Canadian subsidiaries are translated into U.S. dollars based on the current exchange rate in effect at the balance sheet dates. Canadian income and expenses are translated at average rates for the periods presented. Translation adjustments have no effect on net income and are included in accumulated other comprehensive income in stockholders’ equity. The following table presents the balances of Devon’s cumulative translation adjustments included in accumulated other comprehensive income (in millions).
These excerpts taken from the DVN 10-K filed Feb 28, 2008. Foreign
Currency Translation Adjustments
The U.S. dollar is the functional currency for Devon’s
consolidated operations except its Canadian subsidiaries, which
use the Canadian dollar as the functional currency. Therefore,
the assets and liabilities of Devon’s Canadian subsidiaries
are translated into U.S. dollars based on the current
exchange rate in effect at the balance sheet dates. Canadian
income and expenses are translated at average rates for the
periods presented. Translation adjustments have no effect on net
income and are included in accumulated other comprehensive
income in stockholders’ equity. The following table
presents the balances of Devon’s cumulative translation
adjustments included in accumulated other comprehensive income
(in millions).
Foreign Currency Translation Adjustments The U.S. dollar is the functional currency for Devon’s consolidated operations except its Canadian subsidiaries, which use the Canadian dollar as the functional currency. Therefore, the assets and liabilities of Devon’s Canadian subsidiaries are translated into U.S. dollars based on the current exchange rate in effect at the balance sheet dates. Canadian income and expenses are translated at average rates for the periods presented. Translation adjustments have no effect on net income and are included in accumulated other comprehensive income in stockholders’ equity. The following table presents the balances of Devon’s cumulative translation adjustments included in accumulated other comprehensive income (in millions).
This excerpt taken from the DVN 10-K filed Feb 28, 2007. Foreign
Currency Translation Adjustments
The U.S. dollar is the functional currency for Devon’s
consolidated operations except its Canadian subsidiaries which
use the Canadian dollar as the functional currency. Therefore,
the assets and liabilities of Devon’s Canadian subsidiaries
are translated into U.S. dollars based on the current
exchange rate in effect at the balance sheet dates. Canadian
income and expenses are translated at average rates for the
periods presented. Translation adjustments have no effect on net
income and are included in accumulated other comprehensive
income in stockholders’ equity. The following table
presents the balances of Devon’s cumulative translation
adjustments included in accumulated other comprehensive income.
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