Narrative:

Just after leveling off at FL370 after hvq VOR, while reducing thrust, #2 engine let out a cannon-like explosion. I pulled the throttle back and did the failure checklist. WX excellent, plane was light, traffic was light, could almost see destination dca. Know that airport and emergency facs, so elected to continue with 2 good engines and not land at hvq airport since I know very little about it. My dispatcher and crew agreed. I send this in only because I know FAA will try their best to say we did something wrong. Everything turned out fine, with crash people standing by, etc.

Google
 

Original NASA ASRS Text

Title: ACR LGT EXPERIENCES ENGINE FAILURE AT CRUISE, ELECTS TO CONTINUE ABOUT 195 NM TO DESTINATION.

Narrative: JUST AFTER LEVELING OFF AT FL370 AFTER HVQ VOR, WHILE REDUCING THRUST, #2 ENG LET OUT A CANNON-LIKE EXPLOSION. I PULLED THE THROTTLE BACK AND DID THE FAILURE CHKLIST. WX EXCELLENT, PLANE WAS LIGHT, TFC WAS LIGHT, COULD ALMOST SEE DEST DCA. KNOW THAT ARPT AND EMER FACS, SO ELECTED TO CONTINUE WITH 2 GOOD ENGS AND NOT LAND AT HVQ ARPT SINCE I KNOW VERY LITTLE ABOUT IT. MY DISPATCHER AND CREW AGREED. I SEND THIS IN ONLY BECAUSE I KNOW FAA WILL TRY THEIR BEST TO SAY WE DID SOMETHING WRONG. EVERYTHING TURNED OUT FINE, WITH CRASH PEOPLE STANDING BY, ETC.

Data retrieved from NASA's ASRS site as of July 2007 and automatically converted to unabbreviated mixed upper/lowercase text. This report is for informational purposes with no guarantee of accuracy. See NASA's ASRS site for official report.