Devon Energy (DVN) 10-Q 7 Aug 19 2019 Q2 Quarterly report Financial data

Document And Entity Information

Document And Entity Information - shares shares in Millions	6 Months Ended
	Jun. 30, 2019	Jul. 24, 2019
Document And Entity Information [Abstract]
Document Type	10-Q
Document Period End Date	Jun. 30, 2019
Amendment Flag	false
Trading Symbol	DVN
Entity Registrant Name	DEVON ENERGY CORP/DE
Entity Central Index Key	0001090012
Current Fiscal Year End Date	--12-31
Document Fiscal Year Focus	2019
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Document Fiscal Period Focus	Q2
Entity Common Stock, Shares Outstanding		404.2
Entity Current Reporting Status	Yes
Entity Shell Company	false
Entity File Number	001-32318
Entity Tax Identification Number	731567067
Entity Address, Address Line One	333 West Sheridan Avenue
Entity Address, City or Town	Oklahoma City
Entity Address, State or Province	Oklahoma
Entity Address, Postal Zip Code	73102-5015
City Area Code	405
Local Phone Number	235-3611

Consolidated Comprehensive Stat

Consolidated Comprehensive Statements Of Earnings - USD ($) $ in Millions		3 Months Ended		6 Months Ended
		Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
Income Statement [Abstract]
Upstream revenues		$ 1,191	$ 766	$ 1,654	$ 1,783
Revenues		$ 730	$ 1,156	$ 1,495	$ 2,018
Type of Revenue [Extensible List]		us-gaap:NaturalGasGatheringTransportationMarketingAndProcessingMember	us-gaap:NaturalGasGatheringTransportationMarketingAndProcessingMember	us-gaap:NaturalGasGatheringTransportationMarketingAndProcessingMember	us-gaap:NaturalGasGatheringTransportationMarketingAndProcessingMember
Total revenues		$ 1,921	$ 1,922	$ 3,149	$ 3,801
Production expenses		371	406	736	801
Exploration expenses		7	62	11	83
Expenses		$ 713	$ 1,149	$ 1,463	$ 2,015
Type of Cost, Good or Service [Extensible List]		us-gaap:NaturalGasGatheringTransportationMarketingAndProcessingMember	us-gaap:NaturalGasGatheringTransportationMarketingAndProcessingMember	us-gaap:NaturalGasGatheringTransportationMarketingAndProcessingMember	us-gaap:NaturalGasGatheringTransportationMarketingAndProcessingMember
Depreciation, depletion and amortization		$ 394	$ 342	$ 774	$ 647
Asset impairments			154		154
Asset dispositions		(1)	23	(45)	11
General and administrative expenses		114	135	249	310
Financing costs, net		66	64	126	453
Restructuring and transaction costs		12	85	63	85
Other expenses		8	(15)	(9)	(64)
Total expenses		1,684	2,405	3,368	4,495
Earnings (loss) from continuing operations before income taxes		237	(483)	(219)	(694)
Income tax expense (benefit)		71	13	(39)	10
Net earnings (loss) from continuing operations		166	(496)	(180)	(704)
Net earnings from discontinued operations, net of income tax expense		329	161	358	216
Net earnings (loss)		495	(335)	178	(488)
Net earnings attributable to noncontrolling interests			90		134
Net earnings (loss) attributable to Devon		$ 495	$ (425)	$ 178	$ (622)
Basic net earnings (loss) per share:
Basic earnings (loss) from continuing operations per share		$ 0.40	$ (0.97)	$ (0.43)	$ (1.36)
Basic earnings from discontinued operations per share		0.80	0.14	0.85	0.16
Basic net earnings (loss) per share		1.20	(0.83)	0.42	(1.20)
Diluted net earnings (loss) per share:
Diluted earnings (loss) from continuing operations per share		0.40	(0.97)	(0.43)	(1.36)
Diluted earnings from discontinued operations per share		0.79	0.14	0.85	0.16
Diluted net earnings (loss) per share		$ 1.19	$ (0.83)	$ 0.42	$ (1.20)
Comprehensive loss:
Net earnings (loss)		$ 495	$ (335)	$ 178	$ (488)
Other comprehensive earnings (loss), net of tax:
Foreign currency translation, discontinued operations		43	(34)	78	(82)
Release of Canadian cumulative translation adjustment, discontinued operations	[1]	(1,237)		(1,237)
Pension and postretirement plans		13	3	15	7
Other comprehensive loss, net of tax		(1,181)	(31)	(1,144)	(75)
Comprehensive loss		(686)	(366)	(966)	(563)
Comprehensive earnings attributable to noncontrolling interests			90		134
Comprehensive loss attributable to Devon		$ (686)	$ (456)	$ (966)	$ (697)
[1]	In conjunction with the sale of all of its Canadian operating assets, Devon released the cumulative translation adjustment as part of its gain on the disposition of its Canadian business. See Note 18

Consolidated Statements Of Cash

Consolidated Statements Of Cash Flows - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
Cash flows from operating activities:
Net earnings (loss)	$ 495	$ (335)	$ 178	$ (488)
Adjustments to reconcile net earnings (loss) to net cash from operating activities:
Net earnings from discontinued operations, net of income tax expense	(329)	(161)	(358)	(216)
Depreciation, depletion and amortization	394	342	774	647
Asset impairments		154		154
Leasehold impairments	1	53	2	61
Accretion on discounted liabilities	10	9	20	18
Total (gains) losses on commodity derivatives	(140)	487	465	600
Cash settlements on commodity derivatives	23	(144)	54	(229)
(Gains) losses on asset dispositions	(1)	23	(45)	11
Deferred income tax expense (benefit)	69		(38)	(4)
Share-based compensation	23	53	69	87
Early retirement of debt				312
Other	2	(20)	(12)	(65)
Changes in assets and liabilities, net	(59)	65	(143)	71
Net cash from operating activities - continuing operations	488	526	966	959
Cash flows from investing activities:
Capital expenditures	(494)	(543)	(996)	(1,105)
Acquisitions of property and equipment	(13)	(10)	(23)	(16)
Divestitures of property and equipment	28	560	339	607
Net cash from investing activities - continuing operations	(479)	7	(680)	(514)
Cash flows from financing activities:
Repayments of long-term debt principal			(162)	(807)
Early retirement of debt				(304)
Repurchases of common stock	(187)	(428)	(1,185)	(499)
Dividends paid on common stock	(37)	(42)	(71)	(74)
Shares exchanged for tax withholdings	(3)	(6)	(22)	(35)
Net cash from financing activities - continuing operations	(227)	(476)	(1,440)	(1,719)
Net change in cash, cash equivalents and restricted cash of continuing operations	(218)	57	(1,154)	(1,274)
Cash flows from discontinued operations:
Operating activities	135	(21)	33	350
Investing activities	2,544	(281)	2,497	(550)
Financing activities	0	73	(8)	103
Effect of exchange rate changes on cash	37	227	39	212
Net change in cash, cash equivalents and restricted cash of discontinued operations	2,716	(2)	2,561	115
Net change in cash, cash equivalents and restricted cash	2,498	55	1,407	(1,159)
Cash, cash equivalents and restricted cash at beginning of period	1,355	1,470	2,446	2,684
Cash, cash equivalents and restricted cash at end of period	3,853	1,525	3,853	1,525
Reconciliation of cash, cash equivalents and restricted cash:
Cash and cash equivalents	3,470	1,460	3,470	1,460
Cash restricted for discontinued operations	370		370
Restricted cash included in other current assets	13	28	13	28
Cash and cash equivalents included in current assets associated with discontinued operations		37		37
Cash, cash equivalents and restricted cash at end of period	$ 3,853	$ 1,525	$ 3,853	$ 1,525

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($) $ in Millions	Jun. 30, 2019	Dec. 31, 2018
ASSETS
Cash and cash equivalents	$ 3,470	$ 2,414
Cash restricted for discontinued operations	370
Accounts receivable	842	855
Current assets associated with discontinued operations	131	283
Other current assets	354	885
Total current assets	5,167	4,437
Oil and gas property and equipment, based on successful efforts accounting, net	8,987	8,982
Other property and equipment, net	1,050	1,044
Total property and equipment, net	10,037	10,026
Goodwill	841	841
Right-of-use assets	273
Other long-term assets	232	276
Long-term assets associated with discontinued operations	99	3,986
Total assets	16,649	19,566
LIABILITIES AND STOCKHOLDERS' EQUITY
Accounts payable	522	563
Revenues and royalties payable	772	832
Short-term debt		162
Current liabilities associated with discontinued operations	1,894	338
Other current liabilities	279	331
Total current liabilities	3,467	2,226
Long-term debt	4,294	4,292
Lease liabilities	263
Asset retirement obligations	528	606
Other long-term liabilities	431	442
Long-term liabilities associated with discontinued operations	189	2,285
Deferred income taxes	483	529
Stockholders' equity:
Common stock, $0.10 par value. Authorized 1.0 billion shares; issued 410 million and 450 million shares in 2019 and 2018, respectively	41	45
Additional paid-in capital	3,352	4,486
Retained earnings	3,738	3,650
Accumulated other comprehensive earnings (loss)	(117)	1,027
Treasury stock, at cost, 0.7 million and 1.0 million shares in 2019 and 2018, respectively	(20)	(22)
Total stockholders’ equity	6,994	9,186
Total liabilities and stockholders' equity	$ 16,649	$ 19,566

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - $ / shares	Jun. 30, 2019	Dec. 31, 2018
Statement Of Financial Position [Abstract]
Common stock, par value (in dollars per share)	$ 0.10	$ 0.10
Common stock, shares authorized (in shares)	1,000,000,000	1,000,000,000
Common stock, shares issued (in shares)	410,000,000	450,000,000
Treasury stock, shares	700,000	1,000,000

Consolidated Statements Of Equi

Consolidated Statements Of Equity - USD ($) shares in Millions, $ in Millions	Total	Common Stock [Member]	Additional Paid-In Capital [Member]	Retained Earnings [Member]	Accumulated Other Comprehensive Earnings (Loss) [Member]	Treasury Stock [Member]	Noncontrolling Interests [Member]
Balance at Dec. 31, 2017	$ 14,104	$ 53	$ 7,333	$ 702	$ 1,166		$ 4,850
Balance, shares at Dec. 31, 2017		525
Net earnings (loss)	(488)			(622)			134
Other comprehensive loss, net of tax	(75)				(75)
Restricted stock grants, net of cancellations, shares		3
Common stock repurchased	(556)	$ (1)				$ (555)
Common stock retired		$ (1)	(532)			533
Common stock retired, shares		(14)
Common stock dividends	(74)			(74)
Share-based compensation	89		89
Share-based compensation, shares		1
Subsidiary equity transactions	67		(2)				69
Distributions to noncontrolling interests	(219)						(219)
Balance at Jun. 30, 2018	12,848	$ 51	6,888	6	1,091	(22)	4,834
Balance, shares at Jun. 30, 2018		515
Balance at Mar. 31, 2018	13,725	$ 53	7,269	473	1,122	(12)	4,820
Balance, shares at Mar. 31, 2018		526
Net earnings (loss)	(335)			(425)			90
Other comprehensive loss, net of tax	(31)				(31)
Common stock repurchased	(445)	$ (1)				(444)
Common stock retired		$ (1)	(433)			434
Common stock retired, shares		(11)
Common stock dividends	(42)			(42)
Share-based compensation	53		53
Subsidiary equity transactions	40		(1)				41
Distributions to noncontrolling interests	(117)						(117)
Balance at Jun. 30, 2018	12,848	$ 51	6,888	6	1,091	(22)	$ 4,834
Balance, shares at Jun. 30, 2018		515
Effect of adoption of lease accounting	(19)			(19)
Balance at Dec. 31, 2018	9,186	$ 45	4,486	3,650	1,027	(22)
Balance, shares at Dec. 31, 2018		450
Net earnings (loss)	178			178
Other comprehensive loss, net of tax	(1,144)				(1,144)
Restricted stock grants, net of cancellations, shares		3
Common stock repurchased	(1,206)					(1,206)
Common stock retired		$ (4)	(1,204)			1,208
Common stock retired, shares		(43)
Common stock dividends	(71)			(71)
Share-based compensation	70		70
Balance at Jun. 30, 2019	6,994	$ 41	3,352	3,738	(117)	(20)
Balance, shares at Jun. 30, 2019		410
Balance at Mar. 31, 2019	7,857	$ 42	3,518	3,280	1,064	(47)
Balance, shares at Mar. 31, 2019		417
Net earnings (loss)	495			495
Other comprehensive loss, net of tax	(1,181)				(1,181)
Common stock repurchased	(164)					(164)
Common stock retired		$ (1)	(190)			191
Common stock retired, shares		(7)
Common stock dividends	(37)			(37)
Share-based compensation	24		24
Balance at Jun. 30, 2019	$ 6,994	$ 41	$ 3,352	$ 3,738	$ (117)	$ (20)
Balance, shares at Jun. 30, 2019		410

Summary Of Significant Accounti

Summary Of Significant Accounting Policies	6 Months Ended
	Jun. 30, 2019
Accounting Policies [Abstract]
Summary Of Significant Accounting Policies	DEVON ENERGY CORPORATION AND SUBSIDIARIES NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Unaudited) 1. Summary of Significant Accounting Policies The accompanying unaudited interim financial statements and notes of Devon have been prepared pursuant to the rules and regulations of the SEC. Pursuant to such rules and regulations, certain disclosures normally included in financial statements prepared in accordance with U.S. GAAP have been omitted. The accompanying unaudited interim financial statements and notes should be read in conjunction with the financial statements and notes included in Devon’s 2018 Annual Report on Form 10-K . The accompanying unaudited interim financial statements in this report reflect all adjustments that are, in the opinion of management, necessary for a fair statement of Devon’s results of operations and cash flows for the three-month and six-month periods ended June 30, 2019 and 2018 and Devon’s financial position as of June 30, 2019. As further discussed in Note 18 , Devon sold its Canadian operations on June 27, 2019 and its ownership interests in EnLink and the General Partner on July 18, 2018. Activity relating to Devon’s Canadian operations and EnLink and the General Partner are classified as discontinued operations within Devon’s consolidated comprehensive statements of earnings and consolidated statements of cash flows. The associated assets and liabilities of Devon’s Canadian operations are presented as assets and liabilities associated with discontinued operations on the consolidated balance sheets. Segment Information Subsequent to the sale of Devon’s Canadian business in 2019 discussed in Note 18 , Devon’s oil and gas exploration and production activities are solely focused in the U.S. For financial reporting purposes, Devon aggregates its U.S. operating segments into one reporting segment due to the similar nature of its business. With the reclassification of Devon’s Canadian operations to discontinued operations and assets and liabilities associated with discontinued operations, Devon now has one reporting segment, which is reflected in the consolidated financial statements. The following table presents revenue from contracts with customers that are disaggregated based on the type of good. Three Months Ended June 30, Six Months Ended June 30, 2019 2018 2019 2018 Oil $ 753 $ 808 $ 1,414 $ 1,485 Gas 147 207 380 462 NGL 151 238 325 436 Oil, gas and NGL revenues from contracts with customers 1,051 1,253 2,119 2,383 Oil, gas and NGL derivatives 140 (487 ) (465 ) (600 ) Upstream revenues 1,191 766 1,654 1,783 Oil 394 766 750 1,297 Gas 172 160 390 315 NGL 164 230 355 406 Total marketing revenues from contracts with customers 730 1,156 1,495 2,018 Total revenues $ 1,921 $ 1,922 $ 3,149 $ 3,801 Recently Adopted Accounting Standards In January 2019, Devon adopted ASU 2016-02, Leases (Topic 842) Note 14 The SEC released Final Rule No. 33 -10532, Disclosure Update and Simplification , which amends various SEC disclosure requirements determined to be redundant, duplicative, overlapping, outdated or superseded as part of the SEC’s ongoing disclosure effectiveness initiative. The rule was effective November 5, 2018. The rule amended numerous SEC rules, items and forms covering a diverse group of topics. Devon has implemented these required changes which generally reduced or eliminated disclosures. Devon adopted the requirement of presenting curr ent and comparative quarterly stockholders’ equity roll forward s in the first quarter of 2019. The SEC released Final Rule Release No. 33-10618 , FAST Act Modernization and Simplification of Regulation S-K Issued Accounting Standards Not Yet Adopted The FASB issued ASU 2018-13, Fair Value Measurement (Topic 820): Changes to the Disclosure Requirements for Fair Value Measurement The FASB issued ASU 2018-15, Intangibles, Goodwill and Other Internal-Use Software (Subtopic 350-40): Customer’s Accounting for Implementation Costs Incurred in a Cloud Computing Arrangement that is a Service Contract

Divestitures

Divestitures	6 Months Ended
	Jun. 30, 2019
Business Combinations [Abstract]
Divestitures	2. Dive In February 2019, Devon announced its intent to separate its Canadian business and Barnett Shale assets from the Company, based on authorizations provided by its Board of Directors. On June 27, 2019, Devon completed the sale of all of its operating assets and operations in Canada to Canadian Natural Resources Limited for proceeds, net of purchase price adjustments, of $2.6 billion ($3.4 billion Canadian dollars), and recognized a pre-tax gain of $189 million ($460 million, net of tax). As a part of the transaction, $436 million of asset retirement obligations were assumed by Canadian Natural Resources Limited. In aggregate, the total estimated proved reserves associated with these assets were approximately 400 MMBoe, or 21% of total proved reserves. In conjunction with the Canadian divestiture, Devon recognized $273 million of restructuring and asset impairment related charges. These costs relate to personnel, office lease abandonment and a firm transportation agreement abandonment. Additional information on these discontinued operations can be found in Note 18 . Devon is evaluating multiple methods of separation for the Barnett Shale assets, including a potential sale, potential mergers or spin-off. As of June 30, 2019, Devon does not currently have any indications that it would recognize an impairment upon separating its Barnett Shale assets as they are long-lived assets that are held for use. This conclusion is based on probability-weighted computations applied to the separation methods currently under evaluation. As of June 30, 2019, Devon’s carrying value of its Barnett Shale net assets (property and equipment, asset retirement obligations and estimated allocated goodwill) was approximately $1.4 billion. Should Devon enter into a transaction that causes Devon to cease having control, such as a cash sale or exchange for a noncontrolling interest in another entity or combination thereof, Devon would recognize a gain or loss based on the value of the proceeds and/or equity interests as compared to the carrying value. Devon anticipates reporting all information for its Barnett Shale assets as discontinued operations in 2019 when all the requisite criteria are met for such financial statement presentation . In the first quarter of 2019, Devon received proceeds of approximately $300 million and recognized a $44 million net gain on asset dispositions, primarily from sales of non-core assets in the Permian Basin. In aggregate, the total estimated proved reserves associated with these divested assets were approximately 25 MMBoe, or less than 2% of total U.S. proved reserves. As of December 31, 2018, assets and liabilities associated with these divested assets were classified as held for sale in the accompanying consolidated balance sheet. During the second quarter of 2018, Devon sold a portion of its Barnett Shale assets, primarily located in Johnson County for $553 million. Estimated proved reserves associated with these assets were approximately 10% of total proved reserves. The transaction resulted in an adjustment to Devon’s capitalized costs with no gain recognized in the consolidated statement of earnings. In conjunction with the divestiture, Devon settled certain gas processing contracts and recognized an approximately $40 million settlement expense, which is included in asset dispositions within the consolidated statement of earnings.

Derivative Financial Instrument

Derivative Financial Instruments	6 Months Ended
	Jun. 30, 2019
Derivative Instruments And Hedging Activities Disclosure [Abstract]
Derivative Financial Instruments	3. Derivative Fin Objectives and Strategies Devon enters into derivative financial instruments with respect to a portion of its oil, gas and NGL production to hedge future prices received. Additionally, Devon periodically enters into derivative financial instruments with respect to a portion of its oil, gas and NGL marketing activities. These commodity derivative financial instruments include financial price swaps, basis swaps and costless price collars. Devon periodically enters into interest rate swaps to manage its exposure to interest rate volatility. As of June 30, 2019, Devon did not have any open interest rate swap contracts. Devon does not intend to hold or issue derivative financial instruments for speculative trading purposes and has elected not to designate any of its derivative instruments for hedge accounting treatment. Counterparty Credit Risk By using derivative financial instruments, Devon is exposed to credit risk. Credit risk is the failure of the counterparty to perform under the terms of the derivative contract. To mitigate this risk, the hedging instruments are placed with a number of counterparties whom Devon believes are acceptable credit risks. It is Devon’s policy to enter into derivative contracts only with investment-grade rated counterparties deemed by management to be competent and competitive market makers. Additionally, Devon’s derivative contracts generally contain provisions that provide for collateral payments if Devon’s or its counterparty’s credit rating falls below certain credit rating levels. Commodity Derivatives As of June 30, 2019, Devon had the following open oil derivative positions. The first two tables present Devon’s oil derivatives that settle against the average of the prompt month NYMEX WTI futures price. The third table presents Devon’s oil derivatives that settle against the respective indices noted within the table. Price Swaps Price Collars Period Volume (Bbls/d) Weighted Average Price ($/Bbl) Volume (Bbls/d) Weighted Average Floor Price ($/Bbl) Weighted Average Ceiling Price ($/Bbl) Q3-Q4 2019 41,100 $ 60.76 79,750 $ 54.89 $ 64.92 Q1-Q4 2020 3,238 $ 60.13 22,432 $ 52.92 $ 63.03 Three-Way Price Collars Period Volume (Bbls/d) Weighted Average Floor Sold Price ($/Bbl) Weighted Average Floor Purchased Price ($/Bbl) Weighted Average Ceiling Price ($/Bbl) Q3-Q4 2019 5,000 $ 50.00 $ 63.00 $ 74.80 Oil Basis Swaps Period Index Volume (Bbls/d) Weighted Average Differential to WTI ($/Bbl) Q3-Q4 2019 Midland Sweet 28,000 $ (0.46 ) Q3-Q4 2019 Argus LLS 7,500 $ 5.18 Q3-Q4 2019 Argus MEH 26,000 $ 3.33 Q3-Q4 2019 NYMEX Roll 38,000 $ 0.45 Q1-Q4 2020 Argus MEH 9,000 $ 3.44 Q1-Q4 2020 NYMEX Roll 42,000 $ 0.32 As of June 30, 2019, Devon had the following open natural gas derivative positions. The first table presents Devon’s natural gas derivatives that settle against the Inside FERC first of the month Henry Hub index. The second table presents Devon’s natural gas derivatives that settle against the respective indices noted within the table. Price Swaps Price Collars Period Volume (MMBtu/d) Weighted Average Price ($/MMBtu) Volume (MMBtu/d) Weighted Average Floor Price ($/MMBtu) Weighted Average Ceiling Price ($/MMBtu) Q3-Q4 2019 257,800 $ 2.80 200,500 $ 2.63 $ 3.02 Q1-Q4 2020 81,409 $ 2.77 42,557 $ 2.73 $ 3.03 Natural Gas Basis Swaps Period Index Volume (MMBtu/d) Weighted Average Differential to Henry Hub ($/MMBtu) Q3-Q4 2019 Panhandle Eastern Pipe Line 20,000 $ (0.56 ) Q3-Q4 2019 El Paso Natural Gas 130,000 $ (1.46 ) Q3-Q4 2019 Houston Ship Channel 162,500 $ 0.01 Q1-Q4 2020 Panhandle Eastern Pipe Line 30,000 $ (0.47 ) Q1-Q4 2020 El Paso Natural Gas 40,000 $ (0.67 ) Q1-Q4 2020 Houston Ship Channel 10,000 $ 0.02 As of June 30, 2019, Devon had the following open NGL derivative positions. Devon’s NGL positions settle against the average of the prompt month OPIS Mont Belvieu, Texas index. Price Swaps Period Product Volume (Bbls/d) Weighted Average Price ($/Bbl) Q3-Q4 2019 Ethane 1,000 $ 11.55 Q3-Q4 2019 Natural Gasoline 4,500 $ 55.93 Q3-Q4 2019 Normal Butane 4,000 $ 33.69 Q3-Q4 2019 Propane 8,500 $ 30.01 Q1-Q4 2020 Propane 2,500 $ 27.29 Financial Statement Presentation The following table presents the net gains and losses by derivative financial instrument type followed by the corresponding individual consolidated comprehensive statements of earnings caption. Three Months Ended June 30, Six Months Ended June 30, 2019 2018 2019 2018 Commodity derivatives: Upstream revenues $ 140 $ (487 ) $ (465 ) $ (600 ) Marketing revenues — (1 ) 1 (1 ) Interest rate derivatives: Other expenses — 19 — 65 Net gains (losses) recognized $ 140 $ (469 ) $ (464 ) $ (536 ) The following table presents the derivative fair values by derivative financial instrument type followed by the corresponding individual consolidated balance sheet caption. June 30, 2019 December 31, 2018 Commodity derivative assets: Other current assets $ 117 $ 634 Other long-term assets 10 40 Total derivative assets $ 127 $ 674 Commodity derivative liabilities: Other current liabilities $ 7 $ 32 Other long-term liabilities — 1 Total derivative liabilities $ 7 $ 33

Share-Based Compensation

Share-Based Compensation	6 Months Ended
	Jun. 30, 2019
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]
Share-Based Compensation	4. Share-Base The table below presents the share-based compensation expense included in Devon’s accompanying consolidated comprehensive statements of earnings. The vesting for certain share-based awards was accelerated in conjunction with the reduction of workforce described in Note 6 and is included in restructuring and transaction costs in the accompanying consolidated comprehensive statements of earnings. Six Months Ended June 30, 2019 2018 G&A $ 44 $ 59 Exploration expenses 1 2 Restructuring and transaction costs 24 26 Total $ 69 $ 87 Related income tax benefit $ 10 $ — Under its approved long-term incentive plan, Devon granted share-based awards to certain employees in the first six months of 2019. The following table presents a summary of Devon’s unvested restricted stock awards and units, performance-based restricted stock awards and performance share units granted under the plan. Restricted Stock Performance-Based Performance Awards and Units Restricted Stock Awards Share Units Awards and Units Weighted Average Grant-Date Fair Value Awards Weighted Average Grant-Date Fair Value Units Weighted Average Grant-Date Fair Value (Thousands, except fair value data) Unvested at 12/31/18 5,963 $ 35.47 302 $ 35.93 2,868 $ 30.14 Granted 4,383 $ 25.49 — $ — 741 $ 28.97 Vested (4,295 ) $ 33.60 (141 ) $ 37.48 (145 ) $ 37.23 Forfeited (557 ) $ 27.16 — $ — (1,276 ) $ 11.34 Unvested at 6/30/19 5,494 $ 29.80 161 $ 34.56 2,188 (1 ) $ 40.25 (1) A maximum of 4.4 million common shares could be awarded based upon Devon’s final TSR ranking. The following table presents the assumptions related to the performance share units granted in 2019, as indicated in the previous summary table. 2019 Grant-date fair value $ 28.43 — $ 29.53 Risk-free interest rate 2.48% Volatility factor 39.1% Contractual term (years) 2.89 The following table presents a summary of the unrecognized compensation cost and the related weighted average recognition period associated with unvested awards and units as of June 30, 2019. Performance-Based Restricted Stock Restricted Stock Performance Awards and Units Awards Share Units Unrecognized compensation cost $ 116 $ — $ 25 Weighted average period for recognition (years) 2.8 1.9 1.7

Asset Impairments

Asset Impairments	6 Months Ended
	Jun. 30, 2019
Asset Impairment Charges [Abstract]
Asset Impairments	5. Asset Unproved During the first six months of 2018, Devon impaired certain non-core acreage in the U.S. that it no longer intends to pursue for exploration opportunities, resulting in unproved impairments of $61 million. Unproved impairments are included in exploration expenses in the consolidated comprehensive statements of earnings. Asset During the second quarter of 2018, Devon recognized $109 million of proved asset impairments relating to U.S. non-core assets no longer in its development plans and approximately $45 million of non-oil and gas asset impairments.

Restructuring and Transaction C

Restructuring and Transaction Costs	6 Months Ended
	Jun. 30, 2019
Restructuring And Related Activities [Abstract]
Restructuring and Transaction Costs	6. Restructuring and During the first quarter of 2019, Devon announced workforce reductions and other initiatives designed to enhance its operational focus and cost structure in conjunction with the portfolio transformation announcement further discussed in Note 2 . As a result, Devon recognized $63 million of restructuring expenses during the first six months of 2019. Of these expenses, $24 million resulted from accelerated vesting of share-based grants, which are noncash charges. Additionally, $ 5 million resulted from settlements of defined retirement benefits. During the second quarter of 2018, Devon recognized $85 million in personnel related restructuring expenses related to workforce reductions. Of these expenses, $26 million resulted from accelerated vesting of share-based grants, which are noncash charges. Additionally, $15 million resulted from estimated settlements of defined retirement benefits. Devon anticipates recognizing additional restructuring charges in 2019 primarily when the separation of its Barnett Shale assets is completed. The following table summarizes Devon’s restructuring liabilities. Other Other Current Long-term Liabilities Liabilities Total Balance as of December 31, 2018 $ 39 $ 3 $ 42 Changes related to 2019 workforce reductions 23 — 23 Changes related to prior years' restructurings (23 ) (2 ) (25 ) Balance as of June 30, 2019 $ 39 $ 1 $ 40 Balance as of December 31, 2017 $ 17 $ 17 $ 34 Changes related to prior years' restructurings 42 (7 ) 35 Balance as of June 30, 2018 $ 59 $ 10 $ 69

Income Taxes

Income Taxes	6 Months Ended
	Jun. 30, 2019
Income Tax Disclosure [Abstract]
Income Taxes	7. Inco The following table presents Devon’s total income tax expense (benefit) and a reconciliation of its effective income tax rate to the U.S. statutory income tax rate. Three Months Ended June 30, Six Months Ended June 30, 2019 2018 2019 2018 Current income tax expense (benefit) $ 2 $ 13 $ (1 ) $ 14 Deferred income tax expense (benefit) 69 — (38 ) (4 ) Total income tax expense (benefit) $ 71 $ 13 $ (39 ) $ 10 U.S. statutory income tax rate 21 % 21 % 21 % 21 % State income taxes 8 % (1 %) 4 % (1 %) Other 1 % 3 % (7 %) (2 %) Deferred tax asset valuation allowance — % (26 %) — % (19 %) Effective income tax rate 30 % (3 %) 18 % (1 %) Devon estimates its annual effective income tax rate to record its quarterly provision for income taxes in the various jurisdictions in which it operates. Statutory tax rate changes and other significant or unusual items are recognized as discrete items in the quarter in which they occur. In the second quarter of 2019, the deferred tax asset representing Devon’s U.S. state net operating loss that is subject to a valuation allowance increased by $11 million from the first quarter of 2019. The corresponding increase in the valuation allowance against the state net operating loss resulted in a deferred tax expense, which is included within state income taxes in the table above. In the table above, the “other” effect is primarily composed of permanent differences for which dollar amounts do not increase or decrease in relation to the change in pre-tax earnings. Generally, such items have an insignificant impact on Devon’s effective income tax rate. However, these items had a more noticeable impact to the rate in the first six months of 2019 due to the low relative net loss during the period. Through the first six months of 2018, Devon maintained a 100 % valuation allowance against its U.S. deferred tax assets resulting from prior year cumulative financial losses, oil and gas impairments, and significant net operating losses for U.S. federal and state income tax. However, u pon closing the EnLink divestiture in the third quarter of 2018, Devon reassessed its position and determined that a full valuation allowance against its U.S. deferred tax assets was no longer necessary , maintaining only valuation allowances against certain deferred tax assets, including certain tax credits and state net operating losses. On June 27, 2019 , Devon completed the sale of all of its Canadian operating assets. Devon’s foreign earnings have not been considered indefinitely reinvested since the announcement of the plan to separate the assets in the first quarter of 2019. As the separation took the form of an asset sale and Devon has retained certain non-operating obligations to be settled over time, Devon has not recorded a deferred tax asset or corresponding valuation allowance related to its Canadian investment. As the sale of all of its Canadian operating assets closed during the second quarter of 2019, Devon has recorded materially all tax impacts related to the Canadian business in discontinued operations. Additional information on these discontinued operations can be found in Note 18 .

Net Earnings (Loss) Per Share f

Net Earnings (Loss) Per Share from Continuing Operations	6 Months Ended
	Jun. 30, 2019
Earnings Per Share [Abstract]
Net Earnings (Loss) Per Share from Continuing Operations	8 . Net Earnings (Loss) Per Share from Continuing Operations The following table reconciles net earnings (loss) from continuing operations and weighted-average common shares outstanding used in the calculations of basic and diluted net earnings (loss) per share from continuing operations. Three Months Ended June 30, Six Months Ended June 30, 2019 2018 2019 2018 Net earnings (loss) from continuing operations: Net earnings (loss) from continuing operations $ 166 $ (496 ) $ (180 ) $ (704 ) Attributable to participating securities (2 ) (1 ) (1 ) (1 ) Basic and diluted earnings (loss) from continuing operations $ 164 $ (497 ) $ (181 ) $ (705 ) Common shares: Common shares outstanding - total 415 521 425 524 Attributable to participating securities (6 ) (6 ) (6 ) (6 ) Common shares outstanding - basic 409 515 419 518 Dilutive effect of potential common shares issuable 2 — — — Common shares outstanding - diluted 411 515 419 518 Net earnings (loss) per share from continuing operations: Basic $ 0.40 $ (0.97 ) $ (0.43 ) $ (1.36 ) Diluted $ 0.40 $ (0.97 ) $ (0.43 ) $ (1.36 ) Antidilutive options (1) 1 2 1 2 (1) Amounts represent options to purchase shares of Devon’s common stock that are excluded from the diluted net earnings per share calculations because the options are antidilutive.

Other Comprehensive Earnings (L

Other Comprehensive Earnings (Loss)	6 Months Ended
	Jun. 30, 2019
Other Comprehensive Income Loss Net Of Tax Period Increase Decrease [Abstract]
Other Comprehensive Earnings (Loss)	9 . Other Comprehensive Earnings (Loss) Components of other comprehensive earnings consist of the following: Three Months Ended June 30, Six Months Ended June 30, 2019 2018 2019 2018 Foreign currency translation: Beginning accumulated foreign currency translation and other $ 1,194 $ 1,261 $ 1,159 $ 1,309 Change in cumulative translation adjustment 43 (36 ) 78 (96 ) Release of Canadian cumulative translation adjustment (1) (1,237 ) — (1,237 ) — Income tax benefit — 2 — 14 Ending accumulated foreign currency translation — 1,227 — 1,227 Pension and postretirement benefit plans: Beginning accumulated pension and postretirement benefits (130 ) (139 ) (132 ) (143 ) Recognition of net actuarial loss and prior service cost in earnings ( 2 ) 17 3 20 7 Income tax expense (4 ) — (5 ) — Ending accumulated pension and postretirement benefits (117 ) (136 ) (117 ) (136 ) Accumulated other comprehensive earnings (loss), net of tax $ (117 ) $ 1,091 $ (117 ) $ 1,091 (1) In conjunction with the sale of all of its Canadian operating assets, Devon released the cumulative translation adjustment as part of its gain on the disposition of its Canadian business. See Note 18 ( 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 comprehensive statements of earnings. See Note 16

Supplemental Information To Sta

Supplemental Information To Statements Of Cash Flows	6 Months Ended
	Jun. 30, 2019
Supplemental Cash Flow Elements [Abstract]
Supplemental Information To Statements Of Cash Flows	1 0 . Supplemental Information to Statements of Cash Flows Three Months Ended June 30, Six Months Ended June 30, 2019 2018 2019 2018 Changes in assets and liabilities, net: Accounts receivable $ 60 $ (131 ) $ 31 $ (162 ) Other current assets (5 ) 6 7 (95 ) Other long-term assets (6 ) (25 ) (15 ) (66 ) Accounts payable 15 73 (21 ) 93 Revenues and royalties payable (68 ) 139 (60 ) 210 Other current liabilities (67 ) 4 (90 ) 95 Other long-term liabilities 12 (1 ) 5 (4 ) Total $ (59 ) $ 65 $ (143 ) $ 71 Supplementary cash flow data - total operations: Interest paid (net of capitalized interest) $ 108 $ 138 $ 161 $ 214 Income taxes paid (refunded) $ 10 $ (7 ) $ 16 $ (6 )

Accounts Receivable

Accounts Receivable	6 Months Ended
	Jun. 30, 2019
Accounts Receivable Net [Abstract]
Accounts Receivable	1 1 . Accounts Receivable Components of accounts receivable include the following: June 30, 2019 December 31, 2018 Oil, gas and NGL sales $ 368 $ 413 Joint interest billings 198 150 Marketing revenues 255 284 Other 27 15 Gross accounts receivable 848 862 Allowance for doubtful accounts (6 ) (7 ) Net accounts receivable $ 842 $ 855

Property, Plant and Equipment

Property, Plant and Equipment	6 Months Ended
	Jun. 30, 2019
Extractive Industries [Abstract]
Property, Plant and Equipment	12. Property, Plan The following table presents the aggregate capitalized costs related to Devon’s oil and gas and non-oil and gas activities. June 30, 2019 December 31, 2018 Property and equipment: Proved $ 41,155 $ 40,378 Unproved and properties under development 770 833 Total oil and gas 41,925 41,211 Less accumulated DD&A (32,938 ) (32,229 ) Oil and gas property and equipment, net 8,987 8,982 Other property and equipment 1,735 1,707 Less accumulated DD&A (685 ) (663 ) Other property and equipment, net 1,050 1,044 Property and equipment, net $ 10,037 $ 10,026

Debt And Related Expenses

Debt And Related Expenses	6 Months Ended
	Jun. 30, 2019
Debt Disclosure [Abstract]
Debt and Related Expenses	1 3 . Debt and Related Expenses A summary of debt is as follows: June 30, 2019 December 31, 2018 6.30% due January 15, 2019 $ — $ 162 5.85% due December 15, 2025 485 485 7.50% due September 15, 2027 73 73 7.875% due September 30, 2031 (1) 675 675 7.95% due April 15, 2032 (1) 366 366 5.60% due July 15, 2041 1,250 1,250 4.75% due May 15, 2042 750 750 5.00% due June 15, 2045 750 750 Net discount on debentures and notes (20 ) (21 ) Debt issuance costs (35 ) (36 ) Total debt 4,294 4,454 Less amount classified as short-term debt — 162 Total long-term debt $ 4,294 $ 4,292 (1) These senior notes were included in the 2018 tender offer repurchases discussed below. Credit Lines Devon has a $3.0 billion Senior Credit Facility. As of June 30, 2019, Devon had no outstanding borrowings under the Senior Credit Facility and had issued $3 million in outstanding letters of credit under this facility. The Senior Credit Facility contains only one material financial covenant. This covenant requires Devon’s ratio of total funded debt to total capitalization, as defined in the credit agreement, to be no greater than 65%. Under the terms of the credit agreement, total capitalization is adjusted to add back noncash financial write-downs such as impairments. As of June 30, 2019, Devon was in compliance with this covenant with a debt-to-capitalization ratio of 23.4%. In connection with the closing of the sale of its Canadian business, Devon reallocated and terminated all Canadian commitments under the Senior Credit Facility in accordance with the terms of the credit agreement governing the Senior Credit Facility. The termination of the Canadian subfacility was effective as of June 27, 2019, and such termination did not decrease the $3.0 billion in total revolving commitments under, or otherwise modify the terms of, the Senior Credit Facility. Retirement of Senior Notes In January 2019, Devon repaid the $162 million of 6.30% senior notes at maturity. In the first quarter of 2018, Devon completed tender offers to repurchase $807 million in aggregate principal amount of debt securities, using cash on hand. This included $384 million of the 7.875% senior notes due September 30, 2031 and $423 million of the 7.95% senior notes due April 15, 2032. Devon recognized a $312 million loss on early retirement of debt, consisting of $304 million in cash retirement costs and $8 million of noncash charges. These costs, along with other charges associated with retiring the debt, are included in net financing costs in the consolidated comprehensive statements of earnings. Net Financing Costs The following schedule includes the components of net financing costs. Three Months Ended June 30, Six Months Ended June 30, 2019 2018 2019 2018 Interest based on debt outstanding $ 65 $ 68 $ 130 $ 151 Early retirement of debt — — — 312 Other 1 (4 ) (4 ) (10 ) Total net financing costs $ 66 $ 64 $ 126 $ 453

Leases

Leases	6 Months Ended
	Jun. 30, 2019
Leases [Abstract]
Leases	14. Le Devon adopted ASU No. 2016-02, Leases (Topic 842) Devon made certain significant assumptions and judgments in determining its right-of-use asset and lease liability balances. First is the determination of whether a contract contains a lease. Devon considered the presence of an identified asset that is physically distinct, and for which the supplier does not have substantive substitution rights and whether Devon has the right to control the underlying asset. Second, Devon assessed lease terms and considered whether Devon is reasonably certain to extend leases or exercise purchase options. Certain of Devon’s leases include one or more options to renew, with renewal terms that can extend the lease term for additional years. Certain leases also include options to purchase the leased property. For options to renew or purchase that Devon is reasonably certain to exercise, these costs are recognized as part of the right-of-use assets and lease liabilities. Third, significant judgments have been mad e in determining discount rates. Devon estimates discount rates using market rates that approximate collateralized borrowing s over the remaining term of Devon’s lease payments. Devon’s right-of-use operating lease assets are for certain leases related to real estate, drilling rigs and other equipment related to the exploration, development and production of oil and gas. Devon’s right-of-use financing lease assets are related to real estate. Certain of Devon’s lease agreements include variable payments based on usage or rental payments adjusted periodically for inflation. Devon’s lease agreements do not contain any material residual value guarantees or restrictive covenants. The following table presents Devon’s right-of-use assets and lease liabilities as of June 30, 2019. Finance Operating Total Right-of-use assets $ 209 $ 64 $ 273 Lease liabilities: Current lease liabilities (1) $ 7 $ 39 $ 46 Long-term lease liabilities 239 24 263 Total lease liabilities $ 246 $ 63 $ 309 (1) Current lease liabilities are included in other current liabilities on the consolidated balance sheets. The following table presents Devon’s total lease cost. Three Months Ended Six Months Ended June 30, 2019 Operating lease cost Property, plant and equipment; G&A $ 12 $ 25 Short-term lease cost (1) Property, plant and equipment; G&A 21 45 Financing lease cost: Amortization of right-of-use assets DD&A 6 12 Interest on lease liabilities Net financing costs 2 5 Variable lease cost G&A — 1 Lease income G&A (1 ) (2 ) Net lease cost $ 40 $ 86 (1) Short-term lease cost excludes leases with terms of one month or less. The following table presents Devon’s additional lease information for the three and six months ended June 30, 2019. Three Months Ended Six Months Ended June 30, 2019 June 30, 2019 Finance Operating Finance Operating Cash outflows for lease liabilities: Operating cash flows $ 1 $ — $ 3 $ 1 Investing cash flows $ — $ 12 $ — $ 27 Right-of-use assets obtained in exchange for new lease liabilities $ — $ 1 $ — $ 1 Weighted average remaining lease term (years) 8.5 1.9 8.5 1.9 Weighted average discount rate 4.2 % 3.2 % 4.2 % 3.2 % The following table presents Devon’s maturity analysis as of June 30, 2019 for leases expiring in each of the next 5 years and thereafter. Finance Operating Total (1) 2019 $ 3 $ 22 $ 25 2020 7 32 39 2021 7 8 15 2022 8 1 9 2023 8 1 9 Thereafter 306 1 307 Total lease payments 339 65 404 Less: interest (93 ) (2 ) (95 ) Present value of lease liabilities $ 246 $ 63 $ 309 (1) Under previous lease accounting standard, ASC 840, Devon’s lease obligations as of December 31, 2018 expiring in each of the next 5 years and thereafter were $61 million for 2019, $48 million for 2020, $18 million for 2021, $9 million for 2022, $8 million for 2023 and $33 million thereafter. Devon rents or subleases certain real estate to third parties. The following table presents Devon’s expected lease income as of June 30, 2019 for each of the next 5 years and thereafter. Operating Lease Income (1) 2019 $ 3 2020 6 2021 7 2022 7 2023 7 Thereafter 53 Total $ 83 (1) Included in operating lease income is approximately $30 million related to leases which have been executed but not yet commenced.

Asset Retirement Obligations

Asset Retirement Obligations	6 Months Ended
	Jun. 30, 2019
Asset Retirement Obligation Disclosure [Abstract]
Asset Retirement Obligations	1 5 . Asset Retirement Obligations The following table presents the changes in Devon’s asset retirement obligations. Six Months Ended June 30, 2019 2018 Asset retirement obligations as of beginning of period $ 623 $ 704 Liabilities incurred 8 17 Liabilities settled and divested (40 ) (58 ) Revision of estimated obligation (63 ) — Accretion expense on discounted obligation 15 18 Asset retirement obligations as of end of period 543 681 Less current portion 15 18 Asset retirement obligations, long-term $ 528 $ 663 During the first six months of 2019, Devon reduced its asset retirement obligations by $63 million, primarily due to changes in the future cost estimates and retirement dates for its oil and gas assets. During the second quarter of 2018, Devon reduced its asset retirement obligations by $34 million for those obligations that were assumed by purchasers of certain Barnett Shale assets. For additional information, see Note 2 .

Retirement Plans

Retirement Plans	6 Months Ended
	Jun. 30, 2019
Compensation And Retirement Disclosure [Abstract]
Retirement Plans	1 6 . Retirement Plans The following table presents the components of net periodic benefit cost for Devon’s pension benefits plan. There was $1 Pension Benefits Three Months Ended June 30, Six Months Ended June 30, 2019 2018 2019 2018 Service cost $ 2 $ 3 $ 3 $ 5 Interest cost 8 10 17 20 Expected return on plan assets (9 ) (14 ) (19 ) (27 ) Amortization of prior service cost (1) — 1 1 1 Net actuarial loss (1) 3 3 6 7 Net periodic benefit cost (2) $ 4 $ 3 $ 8 $ 6 (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.

Stockholders' Equity

Stockholders' Equity	6 Months Ended
	Jun. 30, 2019
Stockholders Equity Note [Abstract]
Stockholders' Equity	1 7 . Stockholders’ Equity Share Repurchase Program In March 2018, Devon announced a share repurchase program to buy up to $1.0 billion of its common stock. In June 2018, in conjunction with the announced divestiture of its investment in EnLink and the General Partner, Devon increased its program by an additional $3.0 billion. In February 2019, Devon’s Board of Directors authorized an expansion of the share repurchase program by an additional $1.0 billion, bringing the total to $5.0 billion. The share repurchase program expires December 31, 2019. The table below provides information regarding purchases of Devon’s common stock that were made during 2018 and the first six months of 2019 (shares in thousands). Total Number of Shares Purchased Dollar Value of Shares Purchased Average Price Paid per Share First quarter 2018: Open-Market 2,561 $ 82 $ 32.19 Second quarter 2018: Open-Market 11,154 439 39.35 Third quarter 2018: Open-Market 16,492 712 43.13 ASR 24,330 1,000 41.10 Total 40,822 1,712 41.92 Fourth quarter 2018: Open-Market 23,612 745 31.57 First quarter 2019: Open-Market 36,141 1,024 28.33 Second quarter 2019: Open-Market 5,911 159 27.01 Total inception-to-date 120,201 $ 4,161 $ 34.62 Dividends The table below summarizes the dividends Devon paid on its common stock. Amounts Rate Per Share Quarter Ended 2019: First quarter $ 34 $ 0.08 Second quarter 37 $ 0.09 Total year-to-date $ 71 Quarter Ended 2018: First quarter $ 32 $ 0.06 Second quarter 42 $ 0.08 Total year-to-date $ 74 Devon raised its quarterly dividend by 12.5%, to $0.09 per share, beginning in the second quarter of 2019. In the second quarter of 2018, Devon increased the quarterly dividend rate from $0.06 to $0.08 per share.

Discontinued Operations and Ass

Discontinued Operations and Assets Held for Sale	6 Months Ended
	Jun. 30, 2019
Discontinued Operations And Disposal Groups [Abstract]
Discontinued Operations and Assets Held for Sale	18 . Discontinued Operations and Assets Held For Sale Canada On May 29, 2019, Devon announced it had entered into an agreement to sell all of its operating assets and operations in Canada to Canadian Natural Resources Limited. Devon concluded that the transaction was a strategic shift and met the requirements of assets held for sale and discontinued operations upon the authorization to enter the agreement by Devon’s Board of Directors. As part of its assessment, Devon considered the following: 1) Devon is exiting its entire heavy oil and Canadian operations; 2) Devon’s Canadian operations is a separate reportable segment and is a component of Devon’s business; and 3) the transaction resulted in a material reduction in total assets, revenues, net earnings and total proved reserves. As a result, Devon has classified the results of operations and cash flows related to its Canadian operations as discontinued operations on its consolidated financial statements. Additionally, Devon ceased depreciation and amortization for all plant, property and equipment and intangible assets classified as assets held for sale on the date the sales agreement was approved by the Board of Directors. On June 27, 2019, Devon completed the sale of its Canadian business for $2.6 billion ($3.4 billion Canadian dollars), net of purchase price adjustments, and recognized a pre-tax gain of $189 million ($460 million net of tax, primarily due to a significant deferred tax benefit). Current (cash) income tax associated with the sale was approximately $110 million. Additionally, $370 million of the Canadian cash balance is restricted for funding certain tax and other obligations related to the Canadian business and is classified as cash restricted for discontinued operations on the consolidated balance sheets. In conjunction with the sale of Devon’s Canadian business, Devon recognized $273 million of restructuring and asset impairment related charges. Canadian Natural Resources Limited has reimbursed Devon for approximately $50 million of these restructuring costs, under the terms of the disposition agreement. Along with certain tax obligations, these costs will be funded with the restricted cash described above. These charges consist of $154 million related to a firm transportation agreement abandonment and $55 million related to office lease abandonment and related asset impairment charges. Cash payments for the abandonment charges total approximately $6 million per quarter. Additionally, there are $64 million of employee related costs, including approximately $40 million of noncash accelerated vesting of employee stock awards. As mentioned above, Canadian Natural Resources Limited reimbursed the Company for approximately $50 million of these costs pursuant to the disposition agreement and Devon expects to fund the remaining costs in the second half of 2019. Prior to the second quarter of 2019, Devon’s Canadian business maintained a valuation allowance against certain capital loss carryforwards and net operating losses. As a result of the sale of all of Devon’s Canadian operating assets and the lack of future forecasted income, all but approximately $34 million of the Canadian deferred tax assets have been offset with a valuation allowance. As announced on June 27, 2019, Devon utilized a portion of the sales proceeds to early retire its $500 million of the 4.00% senior notes due July 15, 2021 and $1.0 billion of the 3.25% senior notes due May 15, 2022. Devon expects to recognize a loss on the early retirement of these notes in the third quarter of 2019 consisting of $52 million in cash retirement costs and $6 million of noncash charges. EnLink On June 6, 2018, Devon announced that it had entered into an agreement to sell its aggregate ownership interests in EnLink and the General Partner for $3.125 billion. Upon entering into the agreement to sell its ownership interest in June 2018, Devon concluded that the transaction was a strategic shift and met the requirements of assets held for sale and discontinued operations. As a result, Devon classified the results of operations and cash flows related to EnLink and the General Partner as discontinued operations on its consolidated financial statements. On July 18, 2018, Devon completed the sale of its aggregate ownership interests in EnLink and the General Partner for $3.125 billion and recognized a gain of approximately $2.6 billion ($2.2 billion after-tax). Current (cash) income tax associated with the transaction was approximately $12 million. The vast majority of the tax effect relates to deferred tax expense offset by the valuation allowance adjustment. As part of the sale agreement, Devon extended its fixed-fee gathering and processing contracts with respect to the Bridgeport and Cana plants with EnLink through 2029. Although the agreements were extended to 2029, the minimum volume commitments for the Bridgeport and Cana plants expired at the end of 2018. Devon has minimum volume commitments for gathering and processing of 77-128 MMcf/d with EnLink at the Chisholm plant through early 2021. Prior to the divestment of Devon’s aggregate ownership of EnLink and the General Partner, certain activity between Devon and EnLink were eliminated in consolidation. Subsequent to the divestment, all activity related to EnLink represent third-party transactions and are no longer eliminated in consolidation. During the first six months of 2019, Devon had net outflows of approximately $280 million with EnLink, which primarily related to gathering and processing expenses. These net outflows represent gross cash amounts and not net working interest amounts. The following table presents the amounts reported in the consolidated comprehensive statements of earnings as discontinued operations. Three months ended June 30, Six months ended June 30, Canada EnLink Total Canada EnLink Total 2019 Upstream revenues $ 388 $ — $ 388 $ 635 $ — $ 635 Marketing and midstream revenues 12 — 12 38 — 38 Total revenues 400 — 400 673 — 673 Production expenses 153 — 153 294 — 294 Exploration expenses 4 — 4 13 — 13 Marketing and midstream expenses 9 — 9 18 — 18 Depreciation, depletion and amortization 49 — 49 128 — 128 Asset impairments 37 — 37 37 — 37 Asset dispositions (189 ) — (189 ) (189 ) — (189 ) General and administrative expenses 13 — 13 31 — 31 Financing costs, net 13 — 13 26 — 26 Restructuring and transaction costs 236 — 236 239 — 239 Other expenses 31 — 31 3 — 3 Total expenses 356 — 356 600 — 600 Earnings from discontinued operations before income taxes 44 — 44 73 — 73 Income tax benefit (285 ) — (285 ) (285 ) — (285 ) Net earnings from discontinued operations, net of tax $ 329 $ — $ 329 $ 358 $ — $ 358 2018 Upstream revenues $ 303 $ — $ 303 $ 605 $ — $ 605 Marketing and midstream revenues 24 1,595 1,619 41 3,207 3,248 Total revenues 327 1,595 1,922 646 3,207 3,853 Production expenses 166 — 166 314 — 314 Exploration expenses 6 — 6 18 — 18 Marketing and midstream expenses 11 1,269 1,280 18 2,610 2,628 Depreciation, depletion and amortization 78 106 184 172 244 416 General and administrative expenses 18 31 49 42 58 100 Financing costs, net (2 ) 45 43 (4 ) 89 85 Restructuring and transaction costs 9 — 9 9 — 9 Other expenses 39 (5 ) 34 109 (7 ) 102 Total expenses 325 1,446 1,771 678 2,994 3,672 Earnings (loss) from discontinued operations before income taxes 2 149 151 (32 ) 213 181 Income tax expense (benefit) (20 ) 10 (10 ) (51 ) 16 (35 ) Net earnings from discontinued operations, net of tax 22 139 161 19 197 216 Net earnings attributable to noncontrolling interests — 90 90 — 134 134 Net earnings from discontinued operations, attributable to Devon $ 22 $ 49 $ 71 $ 19 $ 63 $ 82 The following table presents the carrying amounts of the assets and liabilities associated with discontinued operations on the consolidated balance sheets. The assets and liabilities associated with discontinued operations at June 30, 2019 and December 31, 2018 are primarily related to the divestiture of Devon’s Canadian business. Included within assets and liabilities associated with discontinued operations at December 31, 2018 are $197 million of assets and $69 million of liabilities related to the divestiture of non-core upstream Permian Basin assets which closed in January 2019 as further discussed in Note 2 June 30, 2019 December 31, 2018 Accounts receivable $ 111 $ 37 Other current assets 20 246 Current assets associated with discontinued operations 131 283 Oil and gas property and equipment, based on successful efforts accounting, net — 3,829 Other property and equipment, net — 78 Other long-term assets 99 79 Long-term assets associated with discontinued operations 99 3,986 Total assets associated with discontinued operations $ 230 $ 4,269 Accounts payable $ 97 $ 101 Revenues and royalties payable 16 67 Short-term debt (1) 1,494 — Other current liabilities 287 170 Current liabilities associated with discontinued operations 1,894 338 Long-term debt (1) — 1,493 Asset retirement obligations — 424 Other long-term liabilities 189 20 Deferred income taxes — 348 Long-term liabilities associated with discontinued operations 189 2,285 Total liabilities associated with discontinued operations $ 2,083 $ 2,623 (1) Includes the $500 million 4.00% Senior Notes due July 15, 2021 and $1.0 billion 3.25% Senior Notes due May 15, 2022 that were retired early in July 2019 utilizing a portion of the proceeds from the sale of Devon’s Canadian business.

Commitments And Contingencies

Commitments And Contingencies	6 Months Ended
	Jun. 30, 2019
Commitments And Contingencies Disclosure [Abstract]
Commitments And Contingencies	19 . Commitments and Contingencies Devon is party to various legal actions arising in the normal course of business. Matters that are probable of unfavorable outcome to Devon and which can be reasonably estimated are accrued. Such accruals are based on information known about the matters, Devon’s estimates of the outcomes of such matters and its experience in contesting, litigating and settling similar matters. None of the actions are believed by management to likely involve future amounts that would be material to Devon’s financial position or results of operations after consideration of recorded accruals. Actual amounts could differ materially from management’s estimates . Royalty Matters Numerous oil and natural gas producers and related parties, including Devon, have been named in various lawsuits alleging royalty underpayments. Devon is currently named as a defendant in a number of such lawsuits, including some lawsuits in which the plaintiffs seek to certify classes of similarly situated plaintiffs. Among the allegations typically asserted in these suits are claims that Devon used below-market prices, made improper deductions, used improper measurement techniques and entered into gas purchase and processing arrangements with affiliates that resulted in underpayment of royalties in connection with oil, natural gas and NGLs produced and sold. Devon is also involved in governmental agency proceedings and royalty audits and is subject to related contracts and regulatory controls in the ordinary course of business, some that may lead to additional royalty claims. Devon does not currently believe that it is subject to material exposure with respect to such royalty matters. Environmental Matters Devon is subject to certain laws and regulations relating to environmental remediation activities associated with past operations, such as the Comprehensive Environmental Response, Compensation, and Liability Act and similar state statutes. In response to liabilities associated with these activities, loss accruals primarily consist of estimated uninsured remediation costs. Devon’s monetary exposure for environmental matters is not expected to be material. Beginning in 2013, various parishes in Louisiana filed suit against more than 100 oil and gas companies, including Devon, alleging that the companies’ operations and activities in certain fields violated the State and Local Coastal Resource Management Act of 1978, as amended, and caused substantial environmental contamination, subsidence and other environmental damages to land and water bodies located in the coastal zone of Louisiana. The plaintiffs seek, among other things, the payment of the costs necessary to clear, re-vegetate and otherwise restore the allegedly impacted areas. Although Devon cannot predict the ultimate outcome of these matters, Devon is vigorously defending against these claims. Other Matters Devon is involved in other various legal proceedings incidental to its business. However, to Devon’s knowledge, there were no material pending legal proceedings to which Devon is a party or to which any of its property is subject.

Fair Value Measurements

Fair Value Measurements	6 Months Ended
	Jun. 30, 2019
Fair Value Disclosures [Abstract]
Fair Value Measurements	2 0 . Fair Value Measurements The following table provides carrying value and fair value measurement information for certain of Devon’s financial assets and liabilities. The carrying values of cash, cash restricted for discontinued operations, accounts receivable, other current receivables, accounts payable, other current payables, accrued expenses and lease liabilities included in the accompanying consolidated balance sheets approximated fair value at June 30, 2019 and December 31, 2018, as applicable. Therefore, such financial assets and liabilities are not presented in the following table. Fair Value Measurements Using: Carrying Total Fair Level 1 Level 2 Amount Value Inputs Inputs June 30, 2019 assets (liabilities): Cash equivalents $ 2,784 $ 2,784 $ 2,784 $ — Commodity derivatives $ 127 $ 127 $ — $ 127 Commodity derivatives $ (7 ) $ (7 ) $ — $ (7 ) Debt $ (4,294 ) $ (5,311 ) $ — $ (5,311 ) December 31, 2018 assets (liabilities): Cash equivalents $ 1,505 $ 1,505 $ 1,405 $ 100 Commodity derivatives $ 674 $ 674 $ — $ 674 Commodity derivatives $ (33 ) $ (33 ) $ — $ (33 ) Debt $ (4,454 ) $ (4,494 ) $ — $ (4,494 ) The following methods and assumptions were used to estimate the fair values in the table above. Level 1 Fair Value Measurements Cash equivalents – Amounts consist primarily of money market investments and the fair value approximates the carrying value. Level 2 Fair Value Measurements Cash equivalents – Amounts primarily consist of Canadian agency and provincial securities investments. The fair value approximates the carrying value. Commodity derivatives – The fair value of commodity derivatives is estimated using internal discounted cash flow calculations based upon forward curves and data obtained from independent third parties for contracts with similar terms or data obtained from counterparties to the agreements. Debt – Devon’s debt instruments do not actively trade in an established market. The fair values of its debt are estimated based on rates available for debt with similar terms and maturity.

Summary Of Significant Accoun_2

Summary Of Significant Accounting Policies (Policies)	6 Months Ended
	Jun. 30, 2019
Accounting Policies [Abstract]
Segment Information	Segment Information Subsequent to the sale of Devon’s Canadian business in 2019 discussed in Note 18 , Devon’s oil and gas exploration and production activities are solely focused in the U.S. For financial reporting purposes, Devon aggregates its U.S. operating segments into one reporting segment due to the similar nature of its business. With the reclassification of Devon’s Canadian operations to discontinued operations and assets and liabilities associated with discontinued operations, Devon now has one reporting segment, which is reflected in the consolidated financial statements.
Recent Accounting Standards	Recently Adopted Accounting Standards In January 2019, Devon adopted ASU 2016-02, Leases (Topic 842) Note 14 The SEC released Final Rule No. 33 -10532, Disclosure Update and Simplification , which amends various SEC disclosure requirements determined to be redundant, duplicative, overlapping, outdated or superseded as part of the SEC’s ongoing disclosure effectiveness initiative. The rule was effective November 5, 2018. The rule amended numerous SEC rules, items and forms covering a diverse group of topics. Devon has implemented these required changes which generally reduced or eliminated disclosures. Devon adopted the requirement of presenting curr ent and comparative quarterly stockholders’ equity roll forward s in the first quarter of 2019. The SEC released Final Rule Release No. 33-10618 , FAST Act Modernization and Simplification of Regulation S-K Issued Accounting Standards Not Yet Adopted The FASB issued ASU 2018-13, Fair Value Measurement (Topic 820): Changes to the Disclosure Requirements for Fair Value Measurement The FASB issued ASU 2018-15, Intangibles, Goodwill and Other Internal-Use Software (Subtopic 350-40): Customer’s Accounting for Implementation Costs Incurred in a Cloud Computing Arrangement that is a Service Contract
Commitments And Contingencies	Devon is party to various legal actions arising in the normal course of business. Matters that are probable of unfavorable outcome to Devon and which can be reasonably estimated are accrued. Such accruals are based on information known about the matters, Devon’s estimates of the outcomes of such matters and its experience in contesting, litigating and settling similar matters. None of the actions are believed by management to likely involve future amounts that would be material to Devon’s financial position or results of operations after consideration of recorded accruals. Actual amounts could differ materially from management’s estimates .

Summary Of Significant Accoun_3

Summary Of Significant Accounting Policies (Tables)	6 Months Ended
	Jun. 30, 2019
Accounting Policies [Abstract]
Schedule of Revenue from Contracts with Customers Disaggregated Based on Type of Good	The following table presents revenue from contracts with customers that are disaggregated based on the type of good. Three Months Ended June 30, Six Months Ended June 30, 2019 2018 2019 2018 Oil $ 753 $ 808 $ 1,414 $ 1,485 Gas 147 207 380 462 NGL 151 238 325 436 Oil, gas and NGL revenues from contracts with customers 1,051 1,253 2,119 2,383 Oil, gas and NGL derivatives 140 (487 ) (465 ) (600 ) Upstream revenues 1,191 766 1,654 1,783 Oil 394 766 750 1,297 Gas 172 160 390 315 NGL 164 230 355 406 Total marketing revenues from contracts with customers 730 1,156 1,495 2,018 Total revenues $ 1,921 $ 1,922 $ 3,149 $ 3,801

Derivative Financial Instrume_2

Derivative Financial Instruments (Tables)	6 Months Ended
	Jun. 30, 2019
Derivative [Line Items]
Schedule Of Derivative Financial Instruments Included In Consolidated Comprehensive Statements Of Earnings And Consolidated Balance Sheets	The following table presents the net gains and losses by derivative financial instrument type followed by the corresponding individual consolidated comprehensive statements of earnings caption. Three Months Ended June 30, Six Months Ended June 30, 2019 2018 2019 2018 Commodity derivatives: Upstream revenues $ 140 $ (487 ) $ (465 ) $ (600 ) Marketing revenues — (1 ) 1 (1 ) Interest rate derivatives: Other expenses — 19 — 65 Net gains (losses) recognized $ 140 $ (469 ) $ (464 ) $ (536 ) The following table presents the derivative fair values by derivative financial instrument type followed by the corresponding individual consolidated balance sheet caption. June 30, 2019 December 31, 2018 Commodity derivative assets: Other current assets $ 117 $ 634 Other long-term assets 10 40 Total derivative assets $ 127 $ 674 Commodity derivative liabilities: Other current liabilities $ 7 $ 32 Other long-term liabilities — 1 Total derivative liabilities $ 7 $ 33
Open Oil Derivative Positions [Member]
Derivative [Line Items]
Schedule Of Open Derivative Positions	Price Swaps Price Collars Period Volume (Bbls/d) Weighted Average Price ($/Bbl) Volume (Bbls/d) Weighted Average Floor Price ($/Bbl) Weighted Average Ceiling Price ($/Bbl) Q3-Q4 2019 41,100 $ 60.76 79,750 $ 54.89 $ 64.92 Q1-Q4 2020 3,238 $ 60.13 22,432 $ 52.92 $ 63.03 Three-Way Price Collars Period Volume (Bbls/d) Weighted Average Floor Sold Price ($/Bbl) Weighted Average Floor Purchased Price ($/Bbl) Weighted Average Ceiling Price ($/Bbl) Q3-Q4 2019 5,000 $ 50.00 $ 63.00 $ 74.80 Oil Basis Swaps Period Index Volume (Bbls/d) Weighted Average Differential to WTI ($/Bbl) Q3-Q4 2019 Midland Sweet 28,000 $ (0.46 ) Q3-Q4 2019 Argus LLS 7,500 $ 5.18 Q3-Q4 2019 Argus MEH 26,000 $ 3.33 Q3-Q4 2019 NYMEX Roll 38,000 $ 0.45 Q1-Q4 2020 Argus MEH 9,000 $ 3.44 Q1-Q4 2020 NYMEX Roll 42,000 $ 0.32
Open Natural Gas Derivative Positions [Member]
Derivative [Line Items]
Schedule Of Open Derivative Positions	Price Swaps Price Collars Period Volume (MMBtu/d) Weighted Average Price ($/MMBtu) Volume (MMBtu/d) Weighted Average Floor Price ($/MMBtu) Weighted Average Ceiling Price ($/MMBtu) Q3-Q4 2019 257,800 $ 2.80 200,500 $ 2.63 $ 3.02 Q1-Q4 2020 81,409 $ 2.77 42,557 $ 2.73 $ 3.03 Natural Gas Basis Swaps Period Index Volume (MMBtu/d) Weighted Average Differential to Henry Hub ($/MMBtu) Q3-Q4 2019 Panhandle Eastern Pipe Line 20,000 $ (0.56 ) Q3-Q4 2019 El Paso Natural Gas 130,000 $ (1.46 ) Q3-Q4 2019 Houston Ship Channel 162,500 $ 0.01 Q1-Q4 2020 Panhandle Eastern Pipe Line 30,000 $ (0.47 ) Q1-Q4 2020 El Paso Natural Gas 40,000 $ (0.67 ) Q1-Q4 2020 Houston Ship Channel 10,000 $ 0.02
Open NGL Derivative Positions [Member]
Derivative [Line Items]
Schedule Of Open Derivative Positions	Price Swaps Period Product Volume (Bbls/d) Weighted Average Price ($/Bbl) Q3-Q4 2019 Ethane 1,000 $ 11.55 Q3-Q4 2019 Natural Gasoline 4,500 $ 55.93 Q3-Q4 2019 Normal Butane 4,000 $ 33.69 Q3-Q4 2019 Propane 8,500 $ 30.01 Q1-Q4 2020 Propane 2,500 $ 27.29

Share-Based Compensation (Table

Share-Based Compensation (Tables)	6 Months Ended
	Jun. 30, 2019
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]
Schedule Of Share-Based Compensation Expense Included In The Consolidated Comprehensive Statements Of Earnings	Six Months Ended June 30, 2019 2018 G&A $ 44 $ 59 Exploration expenses 1 2 Restructuring and transaction costs 24 26 Total $ 69 $ 87 Related income tax benefit $ 10 $ —
Summary Of Unvested Restricted Stock Awards and Units, Performance-Based Restricted Stock Awards And Performance Share Units	Restricted Stock Performance-Based Performance Awards and Units Restricted Stock Awards Share Units Awards and Units Weighted Average Grant-Date Fair Value Awards Weighted Average Grant-Date Fair Value Units Weighted Average Grant-Date Fair Value (Thousands, except fair value data) Unvested at 12/31/18 5,963 $ 35.47 302 $ 35.93 2,868 $ 30.14 Granted 4,383 $ 25.49 — $ — 741 $ 28.97 Vested (4,295 ) $ 33.60 (141 ) $ 37.48 (145 ) $ 37.23 Forfeited (557 ) $ 27.16 — $ — (1,276 ) $ 11.34 Unvested at 6/30/19 5,494 $ 29.80 161 $ 34.56 2,188 (1 ) $ 40.25 (1) A maximum of 4.4 million common shares could be awarded based upon Devon’s final TSR ranking.
Summary Of Performance Share Units Grant-Date Fair Values And Their Related Assumptions	2019 Grant-date fair value $ 28.43 — $ 29.53 Risk-free interest rate 2.48% Volatility factor 39.1% Contractual term (years) 2.89
Summary of Unrecognized Compensation Cost And Weighted Average Period For Recognition	Performance-Based Restricted Stock Restricted Stock Performance Awards and Units Awards Share Units Unrecognized compensation cost $ 116 $ — $ 25 Weighted average period for recognition (years) 2.8 1.9 1.7

Restructuring and Transaction_2

Restructuring and Transaction Costs (Tables)	6 Months Ended
	Jun. 30, 2019
Restructuring And Related Activities [Abstract]
Schedule Of The Activity And Balances Associated With Restructuring Liabilities	The following table summarizes Devon’s restructuring liabilities. Other Other Current Long-term Liabilities Liabilities Total Balance as of December 31, 2018 $ 39 $ 3 $ 42 Changes related to 2019 workforce reductions 23 — 23 Changes related to prior years' restructurings (23 ) (2 ) (25 ) Balance as of June 30, 2019 $ 39 $ 1 $ 40 Balance as of December 31, 2017 $ 17 $ 17 $ 34 Changes related to prior years' restructurings 42 (7 ) 35 Balance as of June 30, 2018 $ 59 $ 10 $ 69

Income Taxes (Tables)

Income Taxes (Tables)	6 Months Ended
	Jun. 30, 2019
Income Tax Disclosure [Abstract]
Schedule Of Effective Income Tax Rate Reconciliation	The following table presents Devon’s total income tax expense (benefit) and a reconciliation of its effective income tax rate to the U.S. statutory income tax rate. Three Months Ended June 30, Six Months Ended June 30, 2019 2018 2019 2018 Current income tax expense (benefit) $ 2 $ 13 $ (1 ) $ 14 Deferred income tax expense (benefit) 69 — (38 ) (4 ) Total income tax expense (benefit) $ 71 $ 13 $ (39 ) $ 10 U.S. statutory income tax rate 21 % 21 % 21 % 21 % State income taxes 8 % (1 %) 4 % (1 %) Other 1 % 3 % (7 %) (2 %) Deferred tax asset valuation allowance — % (26 %) — % (19 %) Effective income tax rate 30 % (3 %) 18 % (1 %)

Net Earnings (Loss) Per Share_2

Net Earnings (Loss) Per Share from Continuing Operations (Tables)	6 Months Ended
	Jun. 30, 2019
Earnings Per Share [Abstract]
Net Earnings (Loss) Per Share Computations from Continuing Operations	Three Months Ended June 30, Six Months Ended June 30, 2019 2018 2019 2018 Net earnings (loss) from continuing operations: Net earnings (loss) from continuing operations $ 166 $ (496 ) $ (180 ) $ (704 ) Attributable to participating securities (2 ) (1 ) (1 ) (1 ) Basic and diluted earnings (loss) from continuing operations $ 164 $ (497 ) $ (181 ) $ (705 ) Common shares: Common shares outstanding - total 415 521 425 524 Attributable to participating securities (6 ) (6 ) (6 ) (6 ) Common shares outstanding - basic 409 515 419 518 Dilutive effect of potential common shares issuable 2 — — — Common shares outstanding - diluted 411 515 419 518 Net earnings (loss) per share from continuing operations: Basic $ 0.40 $ (0.97 ) $ (0.43 ) $ (1.36 ) Diluted $ 0.40 $ (0.97 ) $ (0.43 ) $ (1.36 ) Antidilutive options (1) 1 2 1 2 (1) Amounts represent options to purchase shares of Devon’s common stock that are excluded from the diluted net earnings per share calculations because the options are antidilutive.

Other Comprehensive Earnings _2

Other Comprehensive Earnings (Loss) (Tables)	6 Months Ended
	Jun. 30, 2019
Other Comprehensive Income Loss Net Of Tax Period Increase Decrease [Abstract]
Components Of Other Comprehensive Earnings (Loss)	Components of other comprehensive earnings consist of the following: Three Months Ended June 30, Six Months Ended June 30, 2019 2018 2019 2018 Foreign currency translation: Beginning accumulated foreign currency translation and other $ 1,194 $ 1,261 $ 1,159 $ 1,309 Change in cumulative translation adjustment 43 (36 ) 78 (96 ) Release of Canadian cumulative translation adjustment (1) (1,237 ) — (1,237 ) — Income tax benefit — 2 — 14 Ending accumulated foreign currency translation — 1,227 — 1,227 Pension and postretirement benefit plans: Beginning accumulated pension and postretirement benefits (130 ) (139 ) (132 ) (143 ) Recognition of net actuarial loss and prior service cost in earnings ( 2 ) 17 3 20 7 Income tax expense (4 ) — (5 ) — Ending accumulated pension and postretirement benefits (117 ) (136 ) (117 ) (136 ) Accumulated other comprehensive earnings (loss), net of tax $ (117 ) $ 1,091 $ (117 ) $ 1,091 (1) In conjunction with the sale of all of its Canadian operating assets, Devon released the cumulative translation adjustment as part of its gain on the disposition of its Canadian business. See Note 18 ( 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 comprehensive statements of earnings. See Note 16

Supplemental Information To S_2

Supplemental Information To Statements Of Cash Flows (Tables)	6 Months Ended
	Jun. 30, 2019
Supplemental Cash Flow Elements [Abstract]
Schedule Of Supplemental Information To Statements Of Cash Flows	Three Months Ended June 30, Six Months Ended June 30, 2019 2018 2019 2018 Changes in assets and liabilities, net: Accounts receivable $ 60 $ (131 ) $ 31 $ (162 ) Other current assets (5 ) 6 7 (95 ) Other long-term assets (6 ) (25 ) (15 ) (66 ) Accounts payable 15 73 (21 ) 93 Revenues and royalties payable (68 ) 139 (60 ) 210 Other current liabilities (67 ) 4 (90 ) 95 Other long-term liabilities 12 (1 ) 5 (4 ) Total $ (59 ) $ 65 $ (143 ) $ 71 Supplementary cash flow data - total operations: Interest paid (net of capitalized interest) $ 108 $ 138 $ 161 $ 214 Income taxes paid (refunded) $ 10 $ (7 ) $ 16 $ (6 )

Accounts Receivable (Tables)

Accounts Receivable (Tables)	6 Months Ended
	Jun. 30, 2019
Accounts Receivable Net [Abstract]
Schedule Of Components Of Accounts Receivable	Components of accounts receivable include the following: June 30, 2019 December 31, 2018 Oil, gas and NGL sales $ 368 $ 413 Joint interest billings 198 150 Marketing revenues 255 284 Other 27 15 Gross accounts receivable 848 862 Allowance for doubtful accounts (6 ) (7 ) Net accounts receivable $ 842 $ 855

Property, Plant and Equipment (

Property, Plant and Equipment (Tables)	6 Months Ended
	Jun. 30, 2019
Extractive Industries [Abstract]
Table of Property and Equipment, net	The following table presents the aggregate capitalized costs related to Devon’s oil and gas and non-oil and gas activities. June 30, 2019 December 31, 2018 Property and equipment: Proved $ 41,155 $ 40,378 Unproved and properties under development 770 833 Total oil and gas 41,925 41,211 Less accumulated DD&A (32,938 ) (32,229 ) Oil and gas property and equipment, net 8,987 8,982 Other property and equipment 1,735 1,707 Less accumulated DD&A (685 ) (663 ) Other property and equipment, net 1,050 1,044 Property and equipment, net $ 10,037 $ 10,026

Debt And Related Expenses (Tabl

Debt And Related Expenses (Tables)	6 Months Ended
	Jun. 30, 2019
Debt Disclosure [Abstract]
Schedule Of Debt Instruments and Balances	A summary of debt is as follows: June 30, 2019 December 31, 2018 6.30% due January 15, 2019 $ — $ 162 5.85% due December 15, 2025 485 485 7.50% due September 15, 2027 73 73 7.875% due September 30, 2031 (1) 675 675 7.95% due April 15, 2032 (1) 366 366 5.60% due July 15, 2041 1,250 1,250 4.75% due May 15, 2042 750 750 5.00% due June 15, 2045 750 750 Net discount on debentures and notes (20 ) (21 ) Debt issuance costs (35 ) (36 ) Total debt 4,294 4,454 Less amount classified as short-term debt — 162 Total long-term debt $ 4,294 $ 4,292 (1) These senior notes were included in the 2018 tender offer repurchases discussed below.
Schedule Of Net Financing Cost Components	The following schedule includes the components of net financing costs. Three Months Ended June 30, Six Months Ended June 30, 2019 2018 2019 2018 Interest based on debt outstanding $ 65 $ 68 $ 130 $ 151 Early retirement of debt — — — 312 Other 1 (4 ) (4 ) (10 ) Total net financing costs $ 66 $ 64 $ 126 $ 453

Leases (Tables)

Leases (Tables)	6 Months Ended
	Jun. 30, 2019
Leases [Abstract]
Schedule of Right-of-use Assets and Lease Liabilities	The following table presents Devon’s right-of-use assets and lease liabilities as of June 30, 2019. Finance Operating Total Right-of-use assets $ 209 $ 64 $ 273 Lease liabilities: Current lease liabilities (1) $ 7 $ 39 $ 46 Long-term lease liabilities 239 24 263 Total lease liabilities $ 246 $ 63 $ 309 (1) Current lease liabilities are included in other current liabilities on the consolidated balance sheets.
Schedule of Total Lease Cost	The following table presents Devon’s total lease cost. Three Months Ended Six Months Ended June 30, 2019 Operating lease cost Property, plant and equipment; G&A $ 12 $ 25 Short-term lease cost (1) Property, plant and equipment; G&A 21 45 Financing lease cost: Amortization of right-of-use assets DD&A 6 12 Interest on lease liabilities Net financing costs 2 5 Variable lease cost G&A — 1 Lease income G&A (1 ) (2 ) Net lease cost $ 40 $ 86 (1) Short-term lease cost excludes leases with terms of one month or less.
Schedule of Additional Lease Information	The following table presents Devon’s additional lease information for the three and six months ended June 30, 2019. Three Months Ended Six Months Ended June 30, 2019 June 30, 2019 Finance Operating Finance Operating Cash outflows for lease liabilities: Operating cash flows $ 1 $ — $ 3 $ 1 Investing cash flows $ — $ 12 $ — $ 27 Right-of-use assets obtained in exchange for new lease liabilities $ — $ 1 $ — $ 1 Weighted average remaining lease term (years) 8.5 1.9 8.5 1.9 Weighted average discount rate 4.2 % 3.2 % 4.2 % 3.2 %
Maturities of Lease Liabilities	The following table presents Devon’s maturity analysis as of June 30, 2019 for leases expiring in each of the next 5 years and thereafter. Finance Operating Total (1) 2019 $ 3 $ 22 $ 25 2020 7 32 39 2021 7 8 15 2022 8 1 9 2023 8 1 9 Thereafter 306 1 307 Total lease payments 339 65 404 Less: interest (93 ) (2 ) (95 ) Present value of lease liabilities $ 246 $ 63 $ 309 (1) Under previous lease accounting standard, ASC 840, Devon’s lease obligations as of December 31, 2018 expiring in each of the next 5 years and thereafter were $61 million for 2019, $48 million for 2020, $18 million for 2021, $9 million for 2022, $8 million for 2023 and $33 million thereafter.
Schedule of Expected Lease Income	The following table presents Devon’s expected lease income as of June 30, 2019 for each of the next 5 years and thereafter. Operating Lease Income (1) 2019 $ 3 2020 6 2021 7 2022 7 2023 7 Thereafter 53 Total $ 83 (1) Included in operating lease income is approximately $30 million related to leases which have been executed but not yet commenced.

Asset Retirement Obligations (T

Asset Retirement Obligations (Tables)	6 Months Ended
	Jun. 30, 2019
Asset Retirement Obligation Disclosure [Abstract]
Summary Of Changes In Asset Retirement Obligations	The following table presents the changes in Devon’s asset retirement obligations. Six Months Ended June 30, 2019 2018 Asset retirement obligations as of beginning of period $ 623 $ 704 Liabilities incurred 8 17 Liabilities settled and divested (40 ) (58 ) Revision of estimated obligation (63 ) — Accretion expense on discounted obligation 15 18 Asset retirement obligations as of end of period 543 681 Less current portion 15 18 Asset retirement obligations, long-term $ 528 $ 663

Retirement Plans (Tables)

Retirement Plans (Tables)	6 Months Ended
	Jun. 30, 2019
Compensation And Retirement Disclosure [Abstract]
Schedule Of Net Periodic Benefit Cost For Pension Benefits Plan	Pension Benefits Three Months Ended June 30, Six Months Ended June 30, 2019 2018 2019 2018 Service cost $ 2 $ 3 $ 3 $ 5 Interest cost 8 10 17 20 Expected return on plan assets (9 ) (14 ) (19 ) (27 ) Amortization of prior service cost (1) — 1 1 1 Net actuarial loss (1) 3 3 6 7 Net periodic benefit cost (2) $ 4 $ 3 $ 8 $ 6 (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.

Stockholders' Equity (Tables)

Stockholders' Equity (Tables)	6 Months Ended
	Jun. 30, 2019
Stockholders Equity Note [Abstract]
Summary of Purchases of Common Stock	The table below provides information regarding purchases of Devon’s common stock that were made during 2018 and the first six months of 2019 (shares in thousands). Total Number of Shares Purchased Dollar Value of Shares Purchased Average Price Paid per Share First quarter 2018: Open-Market 2,561 $ 82 $ 32.19 Second quarter 2018: Open-Market 11,154 439 39.35 Third quarter 2018: Open-Market 16,492 712 43.13 ASR 24,330 1,000 41.10 Total 40,822 1,712 41.92 Fourth quarter 2018: Open-Market 23,612 745 31.57 First quarter 2019: Open-Market 36,141 1,024 28.33 Second quarter 2019: Open-Market 5,911 159 27.01 Total inception-to-date 120,201 $ 4,161 $ 34.62
Summary Of Dividends Paid On Common Stock	The table below summarizes the dividends Devon paid on its common stock. Amounts Rate Per Share Quarter Ended 2019: First quarter $ 34 $ 0.08 Second quarter 37 $ 0.09 Total year-to-date $ 71 Quarter Ended 2018: First quarter $ 32 $ 0.06 Second quarter 42 $ 0.08 Total year-to-date $ 74

Discontinued Operations and A_2

Discontinued Operations and Assets Held for Sale (Tables)	6 Months Ended
	Jun. 30, 2019
Discontinued Operations And Disposal Groups [Abstract]
Summary of Amounts Reported as Discontinued Operations in the Consolidated Comprehensive Statements of Earnings and Carrying Amounts of Assets and Liabilities Classified as Held for Sale on the Consolidated Balance Sheets	The following table presents the amounts reported in the consolidated comprehensive statements of earnings as discontinued operations. Three months ended June 30, Six months ended June 30, Canada EnLink Total Canada EnLink Total 2019 Upstream revenues $ 388 $ — $ 388 $ 635 $ — $ 635 Marketing and midstream revenues 12 — 12 38 — 38 Total revenues 400 — 400 673 — 673 Production expenses 153 — 153 294 — 294 Exploration expenses 4 — 4 13 — 13 Marketing and midstream expenses 9 — 9 18 — 18 Depreciation, depletion and amortization 49 — 49 128 — 128 Asset impairments 37 — 37 37 — 37 Asset dispositions (189 ) — (189 ) (189 ) — (189 ) General and administrative expenses 13 — 13 31 — 31 Financing costs, net 13 — 13 26 — 26 Restructuring and transaction costs 236 — 236 239 — 239 Other expenses 31 — 31 3 — 3 Total expenses 356 — 356 600 — 600 Earnings from discontinued operations before income taxes 44 — 44 73 — 73 Income tax benefit (285 ) — (285 ) (285 ) — (285 ) Net earnings from discontinued operations, net of tax $ 329 $ — $ 329 $ 358 $ — $ 358 2018 Upstream revenues $ 303 $ — $ 303 $ 605 $ — $ 605 Marketing and midstream revenues 24 1,595 1,619 41 3,207 3,248 Total revenues 327 1,595 1,922 646 3,207 3,853 Production expenses 166 — 166 314 — 314 Exploration expenses 6 — 6 18 — 18 Marketing and midstream expenses 11 1,269 1,280 18 2,610 2,628 Depreciation, depletion and amortization 78 106 184 172 244 416 General and administrative expenses 18 31 49 42 58 100 Financing costs, net (2 ) 45 43 (4 ) 89 85 Restructuring and transaction costs 9 — 9 9 — 9 Other expenses 39 (5 ) 34 109 (7 ) 102 Total expenses 325 1,446 1,771 678 2,994 3,672 Earnings (loss) from discontinued operations before income taxes 2 149 151 (32 ) 213 181 Income tax expense (benefit) (20 ) 10 (10 ) (51 ) 16 (35 ) Net earnings from discontinued operations, net of tax 22 139 161 19 197 216 Net earnings attributable to noncontrolling interests — 90 90 — 134 134 Net earnings from discontinued operations, attributable to Devon $ 22 $ 49 $ 71 $ 19 $ 63 $ 82 The following table presents the carrying amounts of the assets and liabilities associated with discontinued operations on the consolidated balance sheets. The assets and liabilities associated with discontinued operations at June 30, 2019 and December 31, 2018 are primarily related to the divestiture of Devon’s Canadian business. Included within assets and liabilities associated with discontinued operations at December 31, 2018 are $197 million of assets and $69 million of liabilities related to the divestiture of non-core upstream Permian Basin assets which closed in January 2019 as further discussed in Note 2 June 30, 2019 December 31, 2018 Accounts receivable $ 111 $ 37 Other current assets 20 246 Current assets associated with discontinued operations 131 283 Oil and gas property and equipment, based on successful efforts accounting, net — 3,829 Other property and equipment, net — 78 Other long-term assets 99 79 Long-term assets associated with discontinued operations 99 3,986 Total assets associated with discontinued operations $ 230 $ 4,269 Accounts payable $ 97 $ 101 Revenues and royalties payable 16 67 Short-term debt (1) 1,494 — Other current liabilities 287 170 Current liabilities associated with discontinued operations 1,894 338 Long-term debt (1) — 1,493 Asset retirement obligations — 424 Other long-term liabilities 189 20 Deferred income taxes — 348 Long-term liabilities associated with discontinued operations 189 2,285 Total liabilities associated with discontinued operations $ 2,083 $ 2,623 (1) Includes the $500 million 4.00% Senior Notes due July 15, 2021 and $1.0 billion 3.25% Senior Notes due May 15, 2022 that were retired early in July 2019 utilizing a portion of the proceeds from the sale of Devon’s Canadian business.

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	6 Months Ended
	Jun. 30, 2019
Fair Value Disclosures [Abstract]
Schedule Of Carrying Value And Fair Value Measurement Information For Financial Assets And Liabilities	Fair Value Measurements Using: Carrying Total Fair Level 1 Level 2 Amount Value Inputs Inputs June 30, 2019 assets (liabilities): Cash equivalents $ 2,784 $ 2,784 $ 2,784 $ — Commodity derivatives $ 127 $ 127 $ — $ 127 Commodity derivatives $ (7 ) $ (7 ) $ — $ (7 ) Debt $ (4,294 ) $ (5,311 ) $ — $ (5,311 ) December 31, 2018 assets (liabilities): Cash equivalents $ 1,505 $ 1,505 $ 1,405 $ 100 Commodity derivatives $ 674 $ 674 $ — $ 674 Commodity derivatives $ (33 ) $ (33 ) $ — $ (33 ) Debt $ (4,454 ) $ (4,494 ) $ — $ (4,494 )

Summary of Significant Accoun_4

Summary of Significant Accounting Policies (Schedule of Revenue from Contracts with Customers Disaggregated Based on Type of Good) (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
Disaggregation Of Revenue [Line Items]
Total revenues from contracts with customers	$ 730	$ 1,156	$ 1,495	$ 2,018
Oil, gas and NGL derivatives	140	(487)	(465)	(600)
Upstream revenues	1,191	766	1,654	1,783
Total revenues	1,921	1,922	3,149	3,801
Oil, Gas and NGL Sales [Member]
Disaggregation Of Revenue [Line Items]
Total revenues from contracts with customers	1,051	1,253	2,119	2,383
Oil, Gas and NGL Sales [Member] | Oil [Member]
Disaggregation Of Revenue [Line Items]
Total revenues from contracts with customers	753	808	1,414	1,485
Oil, Gas and NGL Sales [Member] | Gas [Member]
Disaggregation Of Revenue [Line Items]
Total revenues from contracts with customers	147	207	380	462
Oil, Gas and NGL Sales [Member] | NGL [Member]
Disaggregation Of Revenue [Line Items]
Total revenues from contracts with customers	151	238	325	436
Marketing Revenues [Member]
Disaggregation Of Revenue [Line Items]
Total revenues from contracts with customers	730	1,156	1,495	2,018
Marketing Revenues [Member] | Oil [Member]
Disaggregation Of Revenue [Line Items]
Total revenues from contracts with customers	394	766	750	1,297
Marketing Revenues [Member] | Gas [Member]
Disaggregation Of Revenue [Line Items]
Total revenues from contracts with customers	172	160	390	315
Marketing Revenues [Member] | NGL [Member]
Disaggregation Of Revenue [Line Items]
Total revenues from contracts with customers	$ 164	$ 230	$ 355	$ 406

Divestitures (Narrative) (Detai

Divestitures (Narrative) (Details) $ in Billions	Jun. 27, 2019USD ($)MMBoe	Jun. 27, 2019CAD ($)MMBoe	Jun. 30, 2019USD ($)	Mar. 31, 2019USD ($)MMBoe	Jun. 30, 2018USD ($)	Jun. 30, 2019USD ($)	Jun. 30, 2018USD ($)
Business Acquisition [Line Items]
Gain recognized on sale of business, pre tax			$ 189,000,000			$ 189,000,000
Asset retirement obligations assumed by other party						40,000,000	$ 58,000,000
Gain recognized			1,000,000		$ (23,000,000)	45,000,000	$ (11,000,000)
Barnett Shale [Member]
Business Acquisition [Line Items]
Net assets			$ 1,400,000,000			$ 1,400,000,000
Permian Basin [Member] | Non Core Assets [Member]
Business Acquisition [Line Items]
Total estimated proved reserves | MMBoe				25
Divestitures of property and equipment				$ 300,000,000
Gain recognized				$ 44,000,000
Permian Basin [Member] | Non Core Assets [Member] | Maximum [Member]
Business Acquisition [Line Items]
Percentage of estimated U.S. total proved reserves associated with divestiture assets.				2.00%
Barnett Shale Johnson County [Member]
Business Acquisition [Line Items]
Asset retirement obligations assumed by other party					$ 34,000,000
Percentage of proved reserves associated with divestiture assets compared to total estimated proved reserves					10.00%
Divestitures of property and equipment					$ 553,000,000
Gain recognized					0
Settlement expenses relating to gas processing contracts					$ 40,000,000
Canadian​ Divestiture [Member]
Business Acquisition [Line Items]
Restructuring and asset impairment related charges	$ 273,000,000
Canadian Natural Resources Limited [Member] | Canadian Business Segment [Member]
Business Acquisition [Line Items]
Proceeds from sale of business, net of purchase price adjustments	$ 2,600,000,000	$ 3.4
Effective close date of divestiture	Jun. 27, 2019	Jun. 27, 2019
Gain recognized on sale of business, pre tax	$ 189,000,000
Gain recognized on sale of business, net of tax	460,000,000
Asset retirement obligations assumed by other party	$ 436,000,000
Total estimated proved reserves | MMBoe	400	400
Percentage of proved reserves associated with divestiture assets compared to total estimated proved reserves	21.00%	21.00%

Derivative Financial Instrume_3

Derivative Financial Instruments (Schedule Of Open Oil Derivative Positions) (Details)	6 Months Ended
	Jun. 30, 2019$ / bblbbl
NYMEX West Texas Intermediate Price Swaps Oil Q3-Q4 2019 [Member]
Derivative [Line Items]
Volume Per Day (Bbls/d) | bbl	41,100
Weighted Average Price Swap	60.76
NYMEX West Texas Intermediate Price Swaps Oil Q1-Q4 2020 [Member]
Derivative [Line Items]
Volume Per Day (Bbls/d) | bbl	3,238
Weighted Average Price Swap	60.13
NYMEX West Texas Intermediate Price Collars Oil Q3-Q4 2019 [Member]
Derivative [Line Items]
Volume Per Day (Bbls/d) | bbl	79,750
Weighted Average Floor Price	54.89
Weighted Average Ceiling Price	64.92
NYMEX West Texas Intermediate Price Collars Oil Q1-Q4 2020 [Member]
Derivative [Line Items]
Volume Per Day (Bbls/d) | bbl	22,432
Weighted Average Floor Price	52.92
Weighted Average Ceiling Price	63.03
NYMEX West Texas Intermediate Three-Way Price Collars Oil Q3-Q4 2019 [Member]
Derivative [Line Items]
Volume Per Day (Bbls/d) | bbl	5,000
Weighted Average Ceiling Price	74.80
Weighted Average Floor Sold Price	50
Weighted Average Floor Purchased Price	63
Midland Sweet Basis Swaps Oil Q3-Q4 2019 [Member]
Derivative [Line Items]
Volume Per Day (Bbls/d) | bbl	28,000
Weighted Average Differential To WTI	(0.46)
Argus LLS Basis Swaps Oil Q3-Q4 2019 [Member]
Derivative [Line Items]
Volume Per Day (Bbls/d) | bbl	7,500
Weighted Average Differential To WTI	5.18
Argus MEH Basis Swaps Oil Q3-Q4 2019 [Member]
Derivative [Line Items]
Volume Per Day (Bbls/d) | bbl	26,000
Weighted Average Differential To WTI	3.33
NYMEX Roll Basis Swaps Oil Q3-Q4 2019 [Member]
Derivative [Line Items]
Volume Per Day (Bbls/d) | bbl	38,000
Weighted Average Differential To WTI	0.45
Argus MEH Basis Swaps Oil Q1-Q4 2020 [Member]
Derivative [Line Items]
Volume Per Day (Bbls/d) | bbl	9,000
Weighted Average Differential To WTI	3.44
NYMEX Roll Basis Swaps Oil Q1-Q4 2020 [Member]
Derivative [Line Items]
Volume Per Day (Bbls/d) | bbl	42,000
Weighted Average Differential To WTI	0.32

Derivative Financial Instrume_4

Derivative Financial Instruments (Schedule Of Open Natural Gas Derivative Positions) (Details)	6 Months Ended
	Jun. 30, 2019MMBTU$ / MMBTU
FERC Henry Hub Price Swaps Natural Gas Q3-Q4 2019 [Member]
Derivative [Line Items]
Volume Per Day (MMBtu/d) | MMBTU	257,800
Weighted Average Price Swap	2.80
FERC Henry Hub Price Swaps Natural Gas Q1-Q4 2020 [Member]
Derivative [Line Items]
Volume Per Day (MMBtu/d) | MMBTU	81,409
Weighted Average Price Swap	2.77
FERC Henry Hub Price Collars Natural Gas Q3-Q4 2019 [Member]
Derivative [Line Items]
Volume Per Day (MMBtu/d) | MMBTU	200,500
Weighted Average Floor Price	2.63
Weighted Average Ceiling Price	3.02
FERC Henry Hub Price Collars Natural Gas Q1-Q4 2020 [Member]
Derivative [Line Items]
Volume Per Day (MMBtu/d) | MMBTU	42,557
Weighted Average Floor Price	2.73
Weighted Average Ceiling Price	3.03
PEPL Basis Swaps Natural Gas Q3-Q4 2019 [Member]
Derivative [Line Items]
Volume Per Day (MMBtu/d) | MMBTU	20,000
Weighted Average Differential To Henry Hub	(0.56)
El Paso Natural Gas Basis Swaps Q3-Q4 2019 [Member]
Derivative [Line Items]
Volume Per Day (MMBtu/d) | MMBTU	130,000
Weighted Average Differential To Henry Hub	(1.46)
Houston Ship Channel Natural Gas Basis Swaps Q3-Q4 2019 [Member]
Derivative [Line Items]
Volume Per Day (MMBtu/d) | MMBTU	162,500
Weighted Average Differential To Henry Hub	0.01
PEPL Basis Swaps Natural Gas Q1-Q4 2020 [Member]
Derivative [Line Items]
Volume Per Day (MMBtu/d) | MMBTU	30,000
Weighted Average Differential To Henry Hub	(0.47)
El Paso Natural Gas Basis Swaps Q1-Q4 2020 [Member]
Derivative [Line Items]
Volume Per Day (MMBtu/d) | MMBTU	40,000
Weighted Average Differential To Henry Hub	(0.67)
Houston Ship Channel Natural Gas Basis Swaps Q1-Q4 2020 [Member]
Derivative [Line Items]
Volume Per Day (MMBtu/d) | MMBTU	10,000
Weighted Average Differential To Henry Hub	0.02

Derivative Financial Instrume_5

Derivative Financial Instruments (Schedule Of Open NGL Derivative Positions) (Details)	6 Months Ended
	Jun. 30, 2019$ / bblbbl
OPIS Mont Belvieu Texas Ethane Price Swaps NGL Q3-Q4 2019 [Member]
Derivative [Line Items]
Volume Per Day (Bbls/d) | bbl	1,000
Weighted Average Price Swap | $ / bbl	11.55
OPIS Mont Belvieu Texas Natural Gasoline Price Swaps NGL Q3-Q4 2019 [Member]
Derivative [Line Items]
Volume Per Day (Bbls/d) | bbl	4,500
Weighted Average Price Swap | $ / bbl	55.93
OPIS Mont Belvieu Texas Normal Butane Price Swaps NGL Q3-Q4 2019 [Member]
Derivative [Line Items]
Volume Per Day (Bbls/d) | bbl	4,000
Weighted Average Price Swap | $ / bbl	33.69
OPIS Mont Belvieu Texas Propane Price Swaps NGL Q3-Q4 2019 [Member]
Derivative [Line Items]
Volume Per Day (Bbls/d) | bbl	8,500
Weighted Average Price Swap | $ / bbl	30.01
OPIS Mont Belvieu Texas Propane Price Swaps NGL Q1-Q4 2020 [Member]
Derivative [Line Items]
Volume Per Day (Bbls/d) | bbl	2,500
Weighted Average Price Swap | $ / bbl	27.29

Derivative Financial Instrume_6

Derivative Financial Instruments (Schedule Of Derivative Financial Instruments Included In The Consolidated Comprehensive Statements Of Earnings) (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
Derivative [Line Items]
Net gains (losses) recognized in consolidated comprehensive statements of earnings	$ 140	$ (469)	$ (464)	$ (536)
Commodity Derivatives [Member] | Upstream Revenues [Member]
Derivative [Line Items]
Net gains (losses) recognized in consolidated comprehensive statements of earnings	$ 140	(487)	(465)	(600)
Commodity Derivatives [Member] | Marketing Revenues [Member]
Derivative [Line Items]
Net gains (losses) recognized in consolidated comprehensive statements of earnings		(1)	$ 1	(1)
Interest Rate Derivatives [Member] | Other Expenses [Member]
Derivative [Line Items]
Net gains (losses) recognized in consolidated comprehensive statements of earnings		$ 19		$ 65

Derivative Financial Instrume_7

Derivative Financial Instruments (Schedule Of Derivative Financial Instruments Included In The Consolidated Balance Sheets) (Details) - USD ($) $ in Millions	Jun. 30, 2019	Dec. 31, 2018
Derivatives Fair Value [Line Items]
Fair value of derivative assets	$ 127	$ 674
Fair value of derivative liabilities	7	33
Commodity Derivatives [Member] | Other Current Assets [Member]
Derivatives Fair Value [Line Items]
Fair value of derivative assets	117	634
Commodity Derivatives [Member] | Other Long-Term Assets [Member]
Derivatives Fair Value [Line Items]
Fair value of derivative assets	10	40
Commodity Derivatives [Member] | Other Current Liabilities [Member]
Derivatives Fair Value [Line Items]
Fair value of derivative liabilities	$ 7	32
Commodity Derivatives [Member] | Other Long-Term Liabilities [Member]
Derivatives Fair Value [Line Items]
Fair value of derivative liabilities		$ 1

Share-Based Compensation (Sched

Share-Based Compensation (Schedule Of Share-Based Compensation Expense Included In The Consolidated Comprehensive Statements Of Earnings) (Details) - USD ($) $ in Millions	6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Share-based compensation expense	$ 69	$ 87
Related income tax benefit	10
G&A [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Share-based compensation expense	44	59
Exploration Expenses [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Share-based compensation expense	1	2
Restructuring and Transaction Costs [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Accelerated share-based compensation expense	$ 24	$ 26

Share-Based Compensation (Summa

Share-Based Compensation (Summary Of Unvested Restricted Stock Awards and Units, Performance-Based Restricted Stock Awards And Performance Share Units) (Details) shares in Thousands	6 Months Ended
	Jun. 30, 2019$ / sharesshares
Restricted Stock Awards And Units [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Unvested at December 31, 2018 | shares	5,963
Granted, awards and units | shares	4,383
Vested, awards and units | shares	(4,295)
Forfeited, awards and units | shares	(557)
Unvested at June 30, 2019 | shares	5,494
Unvested weighted average grant-date fair value at December 31, 2018 | $ / shares	$ 35.47
Granted, weighted average grant-date fair value | $ / shares	25.49
Vested, weighted average grant-date fair value | $ / shares	33.60
Forfeited, weighted average grant-date fair value | $ / shares	27.16
Unvested weighted average grant-date fair value at June 30, 2019 | $ / shares	$ 29.80
Performance-Based Restricted Stock Awards [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Unvested at December 31, 2018 | shares	302
Vested, awards and units | shares	(141)
Unvested at June 30, 2019 | shares	161
Unvested weighted average grant-date fair value at December 31, 2018 | $ / shares	$ 35.93
Vested, weighted average grant-date fair value | $ / shares	37.48
Unvested weighted average grant-date fair value at June 30, 2019 | $ / shares	$ 34.56
Performance Share Units [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Unvested at December 31, 2018 | shares	2,868
Granted, awards and units | shares	741
Vested, awards and units | shares	(145)
Forfeited, awards and units | shares	(1,276)
Unvested at June 30, 2019 | shares	2,188	[1]
Unvested weighted average grant-date fair value at December 31, 2018 | $ / shares	$ 30.14
Granted, weighted average grant-date fair value | $ / shares	28.97
Vested, weighted average grant-date fair value | $ / shares	37.23
Forfeited, weighted average grant-date fair value | $ / shares	11.34
Unvested weighted average grant-date fair value at June 30, 2019 | $ / shares	$ 40.25
[1]	A maximum of 4.4 million common shares could be awarded based upon Devon’s final TSR ranking.

Share-Based Compensation (Sum_2

Share-Based Compensation (Summary Of Unvested Restricted Stock Awards and Units, Performance-Based Restricted Stock Awards And Performance Share Units) (Parenthetical) (Details) shares in Millions	6 Months Ended
	Jun. 30, 2019shares
Performance Share Units [Member] | Maximum [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Maximum common shares that could be awarded based upon total shareholder return	4.4

Share-Based Compensation (Sum_3

Share-Based Compensation (Summary Of Performance Share Units Grant-Date Fair Values And Their Related Assumptions) (Details) - Performance Share Units [Member]	6 Months Ended
	Jun. 30, 2019$ / shares
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Grant-date fair value	$ 28.97
Risk-free interest rate	2.48%
Volatility factor	39.10%
Contractual term (years)	2 years 10 months 20 days
Minimum [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Grant-date fair value	$ 28.43
Maximum [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Grant-date fair value	$ 29.53

Share-Based Compensation (Sum_4

Share-Based Compensation (Summary of Unrecognized Compensation Cost And Weighted Average Period For Recognition) (Details) $ in Millions	6 Months Ended
	Jun. 30, 2019USD ($)
Restricted Stock Awards And Units [Member]
Unrecognized Compensation And Weighted Average Recognition [Line Items]
Unrecognized compensation cost	$ 116
Weighted average period for recognition (years)	2 years 9 months 18 days
Performance-Based Restricted Stock Awards [Member]
Unrecognized Compensation And Weighted Average Recognition [Line Items]
Weighted average period for recognition (years)	1 year 10 months 24 days
Performance Share Units [Member]
Unrecognized Compensation And Weighted Average Recognition [Line Items]
Unrecognized compensation cost	$ 25
Weighted average period for recognition (years)	1 year 8 months 12 days

Asset Impairments (Narrative) (

Asset Impairments (Narrative) (Details) - USD ($) $ in Millions	3 Months Ended	6 Months Ended
	Jun. 30, 2018	Jun. 30, 2018
Impaired Long Lived Assets Held And Used [Line Items]
Asset impairments	$ 154	$ 154
Unproved Impairments [Member]
Impaired Long Lived Assets Held And Used [Line Items]
Asset impairments		$ 61
Proved Asset Impairments [Member]
Impaired Long Lived Assets Held And Used [Line Items]
Asset impairments	109
Non-oil and Gas Asset Impairments [Member]
Impaired Long Lived Assets Held And Used [Line Items]
Asset impairments	$ 45

Restructuring and Transaction_3

Restructuring and Transaction Costs (Narrative) (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
Restructuring Cost And Reserve [Line Items]
Restructuring and transaction costs	$ 12	$ 85	$ 63	$ 85
Reduction of workforce [Member]
Restructuring Cost And Reserve [Line Items]
Restructuring and transaction costs			63
Expense associated with accelerated awards		26	24
Reduction of workforce [Member] | Defined Benefit Settlements [Member]
Restructuring Cost And Reserve [Line Items]
Restructuring and transaction costs		15	$ 5
Reduction of workforce [Member] | Employee Related Costs [Member]
Restructuring Cost And Reserve [Line Items]
Restructuring and transaction costs		$ 85

Restructuring and Transaction_4

Restructuring and Transaction Costs (Schedule Of The Activity And Balances Associated With Restructuring Liabilities) (Details) - USD ($) $ in Millions	6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018
Restructuring Cost And Reserve [Line Items]
Beginning balance	$ 42	$ 34
Ending balance	40	69
Reduction of workforce [Member]
Restructuring Cost And Reserve [Line Items]
Restructuring reserve activity	23
Prior years' restructurings [Member]
Restructuring Cost And Reserve [Line Items]
Restructuring reserve activity	(25)	35
Other Current Liabilities [Member]
Restructuring Cost And Reserve [Line Items]
Beginning balance	39	17
Ending balance	39	59
Other Current Liabilities [Member] | Reduction of workforce [Member]
Restructuring Cost And Reserve [Line Items]
Restructuring reserve activity	23
Other Current Liabilities [Member] | Prior years' restructurings [Member]
Restructuring Cost And Reserve [Line Items]
Restructuring reserve activity	(23)	42
Other Long-Term Liabilities [Member]
Restructuring Cost And Reserve [Line Items]
Beginning balance	3	17
Ending balance	1	10
Other Long-Term Liabilities [Member] | Prior years' restructurings [Member]
Restructuring Cost And Reserve [Line Items]
Restructuring reserve activity	$ (2)	$ (7)

Income Taxes (Schedule Of Effec

Income Taxes (Schedule Of Effective Income Tax Rate Reconciliation) (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
Income Tax Disclosure [Abstract]
Current income tax expense (benefit)	$ 2	$ 13	$ (1)	$ 14
Deferred income tax expense (benefit)	69		(38)	(4)
Total income tax expense (benefit)	$ 71	$ 13	$ (39)	$ 10
U.S. statutory income tax rate	21.00%	21.00%	21.00%	21.00%
State income taxes	8.00%	(1.00%)	4.00%	(1.00%)
Other	1.00%	3.00%	(7.00%)	(2.00%)
Deferred tax asset valuation allowance		(26.00%)		(19.00%)
Effective income tax rate	30.00%	(3.00%)	18.00%	(1.00%)

Income Taxes (Narrative) (Detai

Income Taxes (Narrative) (Details) - USD ($) $ in Millions	3 Months Ended	6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018
Income Tax Disclosure [Abstract]
Change in deferred tax valuation allowance	$ 11
Valuation allowance against U.S. deferred tax assets, percent		100.00%

Net Earnings (Loss) Per Share_3

Net Earnings (Loss) Per Share from Continuing Operations (Net Earnings (Loss) Per Share Computations from Continuing Operations) (Details) - USD ($) $ / shares in Units, shares in Millions, $ in Millions		3 Months Ended		6 Months Ended
		Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
Net earnings (loss) from continuing operations:
Net earnings (loss) from continuing operations		$ 166	$ (496)	$ (180)	$ (704)
Attributable to participating securities		(2)	(1)	(1)	(1)
Basic and diluted earnings (loss) from continuing operations		$ 164	$ (497)	$ (181)	$ (705)
Common shares:
Common shares outstanding - total		415	521	425	524
Attributable to participating securities		(6)	(6)	(6)	(6)
Common shares outstanding - basic		409	515	419	518
Dilutive effect of potential common shares issuable		2
Common shares outstanding - diluted		411	515	419	518
Net earnings (loss) per share from continuing operations:
Basic		$ 0.40	$ (0.97)	$ (0.43)	$ (1.36)
Diluted		$ 0.40	$ (0.97)	$ (0.43)	$ (1.36)
Antidilutive options	[1]	1	2	1	2
[1]	Amounts represent options to purchase shares of Devon’s common stock that are excluded from the diluted net earnings per share calculations because the options are antidilutive.

Other Comprehensive Earnings _3

Other Comprehensive Earnings (Loss) (Components Of Other Comprehensive Earnings (Loss)) (Details) - USD ($) $ in Millions		3 Months Ended		6 Months Ended
		Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018	Dec. 31, 2018
Foreign currency translation:
Beginning accumulated foreign currency translation and other		$ 1,194	$ 1,261	$ 1,159	$ 1,309
Change in cumulative translation adjustment		43	(36)	78	(96)
Release of Canadian cumulative translation adjustment	[1]	(1,237)		(1,237)
Income tax benefit			2		14
Ending accumulated foreign currency translation			1,227		1,227
Pension and postretirement benefit plans:
Beginning accumulated pension and postretirement benefits		(130)	(139)	(132)	(143)
Recognition of net actuarial loss and prior service cost in earnings	[2]	17	3	20	7
Income tax expense		(4)		(5)
Ending accumulated pension and postretirement benefits		(117)	(136)	(117)	(136)
Accumulated other comprehensive earnings (loss), net of tax		$ (117)	$ 1,091	$ (117)	$ 1,091	$ 1,027
[1]	In conjunction with the sale of all of its Canadian operating assets, Devon released the cumulative translation adjustment as part of its gain on the disposition of its Canadian business. See Note 18
[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 comprehensive statements of earnings. See Note 16

Supplemental Information To S_3

Supplemental Information To Statements Of Cash Flows (Schedule Of Supplemental Information To Statements Of Cash Flows) (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
Changes in assets and liabilities, net:
Accounts receivable	$ 60	$ (131)	$ 31	$ (162)
Other current assets	(5)	6	7	(95)
Other long-term assets	(6)	(25)	(15)	(66)
Accounts payable	15	73	(21)	93
Revenues and royalties payable	(68)	139	(60)	210
Other current liabilities	(67)	4	(90)	95
Other long-term liabilities	12	(1)	5	(4)
Total	(59)	65	(143)	71
Supplementary cash flow data - total operations:
Interest paid (net of capitalized interest)	108	138	161	214
Income taxes paid (refunded)	$ 10	$ (7)	$ 16	$ (6)

Accounts Receivable (Schedule O

Accounts Receivable (Schedule Of Components Of Accounts Receivable) (Details) - USD ($) $ in Millions	Jun. 30, 2019	Dec. 31, 2018
Accounts, Notes, Loans and Financing Receivable [Line Items]
Joint interest billings	$ 198	$ 150
Other	27	15
Gross accounts receivable	848	862
Allowance for doubtful accounts	(6)	(7)
Net accounts receivable	842	855
Oil, Gas and NGL Sales [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Gross accounts receivable	368	413
Marketing Revenues [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Gross accounts receivable	$ 255	$ 284

Property, Plant and Equipment_2

Property, Plant and Equipment (Table of Property and Equipment, net) (Details) - USD ($) $ in Millions	Jun. 30, 2019	Dec. 31, 2018
Property and equipment:
Proved	$ 41,155	$ 40,378
Unproved and properties under development	770	833
Total oil and gas	41,925	41,211
Less accumulated DD&A	(32,938)	(32,229)
Oil and gas property and equipment, net	8,987	8,982
Other property and equipment	1,735	1,707
Less accumulated DD&A	(685)	(663)
Other property and equipment, net	1,050	1,044
Total property and equipment, net	$ 10,037	$ 10,026

Debt And Related Expenses (Sche

Debt And Related Expenses (Schedule Of Debt Instruments and Balances) (Details) - USD ($) $ in Millions		6 Months Ended
		Jun. 30, 2019	Dec. 31, 2018
Debt Instrument [Line Items]
Short-term debt			$ 162
Net discount on debentures and notes		$ (20)	(21)
Debt issuance costs		(35)	(36)
Total debt		4,294	4,454
Total long-term debt		$ 4,294	4,292
6.30% Due January 15, 2019 [Member]
Debt Instrument [Line Items]
Short-term debt			$ 162
Debt, maturity date		Jan. 15, 2019
Debt interest rate, stated percentage		6.30%	6.30%
5.85% due December 15, 2025 [Member]
Debt Instrument [Line Items]
Long-term debt, gross		$ 485	$ 485
Debt, maturity date		Dec. 15, 2025
Debt interest rate, stated percentage		5.85%	5.85%
7.50% due September 15, 2027 [Member]
Debt Instrument [Line Items]
Long-term debt, gross		$ 73	$ 73
Debt, maturity date		Sep. 15, 2027
Debt interest rate, stated percentage		7.50%	7.50%
7.875% due September 30, 2031 [Member]
Debt Instrument [Line Items]
Long-term debt, gross		$ 675	$ 675
Debt, maturity date		Sep. 30, 2031
Debt interest rate, stated percentage		7.875%	7.875%
7.95% due April 15, 2032 [Member]
Debt Instrument [Line Items]
Long-term debt, gross		$ 366	$ 366
Debt, maturity date		Apr. 15, 2032
Debt interest rate, stated percentage		7.95%	7.95%
5.60% due July 15, 2041 [Member]
Debt Instrument [Line Items]
Long-term debt, gross	[1]	$ 1,250	$ 1,250
Debt, maturity date		Jul. 15, 2041
Debt interest rate, stated percentage		5.60%	5.60%
4.75% due May 15, 2042 [Member]
Debt Instrument [Line Items]
Long-term debt, gross	[1]	$ 750	$ 750
Debt, maturity date		May 15, 2042
Debt interest rate, stated percentage		4.75%	4.75%
5.00% due June 15, 2045 [Member]
Debt Instrument [Line Items]
Long-term debt, gross		$ 750	$ 750
Debt, maturity date		Jun. 15, 2045
Debt interest rate, stated percentage		5.00%	5.00%
[1]	These senior notes were included in the 2018 tender offer repurchases discussed below

Debt And Related Expenses (Narr

Debt And Related Expenses (Narrative) (Details) - USD ($)	1 Months Ended	3 Months Ended	6 Months Ended
	Jan. 31, 2019	Mar. 31, 2018	Jun. 30, 2019	Jun. 30, 2018	Dec. 31, 2018
Debt Instrument [Line Items]
Redemption of senior notes			$ 162,000,000	$ 807,000,000
Loss on early retirement of debt				(312,000,000)
Loss on early retirement of debt, cash retirement costs				$ 304,000,000
Senior Notes [Member]
Debt Instrument [Line Items]
Redemption of senior notes		$ 807,000,000
Loss on early retirement of debt		(312,000,000)
Loss on early retirement of debt, cash retirement costs		304,000,000
Loss on early retirement of debt, noncash charges		8,000,000
6.30% Due January 15, 2019 [Member]
Debt Instrument [Line Items]
Debt interest rate, stated percentage			6.30%		6.30%
Debt, maturity date			Jan. 15, 2019
6.30% Due January 15, 2019 [Member] | Senior Notes [Member]
Debt Instrument [Line Items]
Redemption of senior notes	$ 162,000,000
Debt interest rate, stated percentage	6.30%
7.875% due September 30, 2031 [Member]
Debt Instrument [Line Items]
Debt interest rate, stated percentage			7.875%		7.875%
Debt, maturity date			Sep. 30, 2031
7.875% due September 30, 2031 [Member] | Senior Notes [Member]
Debt Instrument [Line Items]
Redemption of senior notes		$ 384,000,000
Debt interest rate, stated percentage		7.875%
Debt, maturity date		Sep. 30, 2031
7.95% due April 15, 2032 [Member]
Debt Instrument [Line Items]
Debt interest rate, stated percentage			7.95%		7.95%
Debt, maturity date			Apr. 15, 2032
7.95% due April 15, 2032 [Member] | Senior Notes [Member]
Debt Instrument [Line Items]
Redemption of senior notes		$ 423,000,000
Debt interest rate, stated percentage		7.95%
Debt, maturity date		Apr. 15, 2032
Senior Credit Facility [Member]
Debt Instrument [Line Items]
Credit Facility, borrowing capacity			$ 3,000,000,000
Outstanding credit facility borrowings			$ 0
Debt-to-capitalization ratio			0.234
Outstanding letters of credit			$ 3,000,000
Senior Credit Facility [Member] | Maximum [Member]
Debt Instrument [Line Items]
Debt-to-capitalization ratio			0.65

Debt And Related Expenses (Sc_2

Debt And Related Expenses (Schedule of Net Financing Cost Components) (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
Debt Disclosure [Abstract]
Interest based on debt outstanding	$ 65	$ 68	$ 130	$ 151
Early retirement of debt				312
Other	1	(4)	(4)	(10)
Total net financing costs	$ 66	$ 64	$ 126	$ 453

Leases (Narrative) (Details)

Leases (Narrative) (Details) - USD ($) $ in Millions		Jan. 01, 2019	Jun. 30, 2019
Operating Leased Assets [Line Items]
Right-of-use assets			$ 273
Lease liabilities	[1]		$ 309
ASU 2016-02 [Member]
Operating Leased Assets [Line Items]
Right-of-use assets		$ 394
Lease liabilities		380
Cumulative effect on retained earnings, before tax		(24)
Cumulative effect on retained earnings		$ (19)
[1]	Under previous lease accounting standard, ASC 840, Devon’s lease obligations as of December 31, 2018 expiring in each of the next 5 years and thereafter were $61 million for 2019, $48 million for 2020, $18 million for 2021, $9 million for 2022, $8 million for 2023 and $33 million thereafter

Leases (Schedule of Right-of-us

Leases (Schedule of Right-of-use Assets and Lease Liabilities) (Details) $ in Millions	Jun. 30, 2019USD ($)
Leases [Abstract]
Right-of-use assets, finance lease	$ 209
Finance lease liabilities:
Current lease liabilities, finance lease	7	[1]
Long-term lease liabilities, finance lease	239
Total lease liabilities, finance lease	246
Right-of-use assets, operating lease	64
Operating lease liabilities:
Current lease liabilities, operating lease	39	[1]
Long-term lease liabilities, operating lease	24
Total lease liabilities, operating lease	63
Right-of-use assets	273
Lease liabilities:
Current lease liabilities	46	[1]
Long-term lease liabilities	263
Total lease liabilities	$ 309	[2]
[1]	Current lease liabilities are included in other current liabilities on the consolidated balance sheets.
[2]	Under previous lease accounting standard, ASC 840, Devon’s lease obligations as of December 31, 2018 expiring in each of the next 5 years and thereafter were $61 million for 2019, $48 million for 2020, $18 million for 2021, $9 million for 2022, $8 million for 2023 and $33 million thereafter

Leases (Schedule of Total Lease

Leases (Schedule of Total Lease Cost) (Details) - USD ($) $ in Millions		3 Months Ended	6 Months Ended
		Jun. 30, 2019	Jun. 30, 2019
Leases [Abstract]
Operating lease cost		$ 12	$ 25
Short-term lease cost	[1]	21	45
Financing lease cost:
Amortization of right-of-use assets		6	12
Interest on lease liabilities		2	5
Variable lease cost			1
Lease income		(1)	(2)
Net lease cost		$ 40	$ 86
[1]	Short-term lease cost excludes leases with terms of one month or less.

Leases (Schedule of Additional

Leases (Schedule of Additional Lease Information) (Details) $ in Millions	3 Months Ended	6 Months Ended
	Jun. 30, 2019USD ($)	Jun. 30, 2019USD ($)
Cash outflows for lease liabilities:
Operating cash flows, Finance lease	$ 1	$ 3
Weighted average remaining lease term (years), Finance lease	8 years 6 months	8 years 6 months
Weighted average discount rate, Finance lease	4.20%	4.20%
Operating cash flows, Operating lease		$ 1
Investing cash flows, Operating lease	$ 12	27
Right-of-use assets obtained in exchange for new lease liabilities, Operating lease	$ 1	$ 1
Weighted average remaining lease term (years), Operating lease	1 year 10 months 24 days	1 year 10 months 24 days
Weighted average discount rate, Operating lease	3.20%	3.20%

Leases (Maturities of Lease Lia

Leases (Maturities of Lease Liabilities) (Details) $ in Millions	Jun. 30, 2019USD ($)
Leases [Abstract]
2019	$ 3
2020	7
2021	7
2022	8
2023	8
Thereafter	306
Total lease payments	339
Less: interest	(93)
Present value of lease liabilities	246
2019	22
2020	32
2021	8
2022	1
2023	1
Thereafter	1
Total lease payments	65
Less: interest	(2)
Present value of lease liabilities	63
2019	25	[1]
2020	39	[1]
2021	15	[1]
2022	9	[1]
2023	9	[1]
Thereafter	307	[1]
Total lease payments	404	[1]
Less: interest	(95)	[1]
Present value of lease liabilities	$ 309	[1]
[1]	Under previous lease accounting standard, ASC 840, Devon’s lease obligations as of December 31, 2018 expiring in each of the next 5 years and thereafter were $61 million for 2019, $48 million for 2020, $18 million for 2021, $9 million for 2022, $8 million for 2023 and $33 million thereafter

Leases (Maturities of Lease L_2

Leases (Maturities of Lease Liabilities) (Parenthetical) (Details) - USD ($) $ in Millions	Jun. 30, 2019	Dec. 31, 2018
Lease Liability Maturity Term [Line Items]
2019	$ 22
2020	32
2021	8
2022	1
2023	1
Thereafter	$ 1
ASC 840
Lease Liability Maturity Term [Line Items]
2019		$ 61
2020		48
2021		18
2022		9
2023		8
Thereafter		$ 33

Leases (Schedule of Expected Le

Leases (Schedule of Expected Lease Income ) (Details) $ in Millions	Jun. 30, 2019USD ($)	[1]
Leases [Abstract]
2019	$ 3
2020	6
2021	7
2022	7
2023	7
Thereafter	53
Total	$ 83
[1]	Included in operating lease income is approximately $30 million related to leases which have been executed but not yet commenced

Leases (Schedule of Expected _2

Leases (Schedule of Expected Lease Income ) (Parenthetical) (Details) $ in Millions	Jun. 30, 2019USD ($)
Leases [Abstract]
Operating lease income for leases not yet commenced	$ 30

Asset Retirement Obligations (S

Asset Retirement Obligations (Summary Of Changes In Asset Retirement Obligations) (Details) - USD ($) $ in Millions	6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Dec. 31, 2018
Asset Retirement Obligation Disclosure [Abstract]
Asset retirement obligations as of beginning of period	$ 623	$ 704
Liabilities incurred	8	17
Liabilities settled and divested	(40)	(58)
Revision of estimated obligation	(63)
Accretion expense on discounted obligation	15	18
Asset retirement obligations as of end of period	543	681
Less current portion	15	18
Asset retirement obligations, long-term	$ 528	$ 663	$ 606

Asset Retirement Obligations (N

Asset Retirement Obligations (Narrative) (Details) - USD ($) $ in Millions	3 Months Ended	6 Months Ended
	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
Asset Retirement Obligations [Line Items]
Revision of estimated obligation		$ (63)
Decrease in asset retirement obligation		$ 40	$ 58
Barnett Shale Johnson County [Member]
Asset Retirement Obligations [Line Items]
Decrease in asset retirement obligation	$ 34

Retirement Plans (Narrative) (D

Retirement Plans (Narrative) (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
Postretirement Benefits [Member]
Defined Benefit Plan Disclosure [Line Items]
Net periodic benefit credit	$ 1	$ 1	$ 1	$ 1

Retirement Plans (Schedule Of N

Retirement Plans (Schedule Of Net Periodic Benefit Cost For Pension Benefits Plan) (Details) - Pension Benefits [Member] - USD ($) $ in Millions		3 Months Ended		6 Months Ended
		Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
Defined Benefit Plan Disclosure [Line Items]
Service cost		$ 2	$ 3	$ 3	$ 5
Interest cost		8	10	17	20
Expected return on plan assets		(9)	(14)	(19)	(27)
Amortization of prior service cost	[1]		1	1	1
Net actuarial loss	[1]	3	3	6	7
Net periodic benefit cost	[2]	$ 4	$ 3	$ 8	$ 6
[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.

Stockholders' Equity (Narrative

Stockholders' Equity (Narrative) (Details) - USD ($) $ / shares in Units, $ in Billions	3 Months Ended				6 Months Ended
	Jun. 30, 2019	Mar. 31, 2019	Jun. 30, 2018	Mar. 31, 2018	Jun. 30, 2019	Feb. 28, 2019
Stockholders Equity [Abstract]
Percentage of increase to quarterly dividend	12.50%				12.50%
Common stock dividends, rate per share	$ 0.09	$ 0.08	$ 0.08	$ 0.06
Share Repurchase Program [Member]
Stockholders Equity [Abstract]
Share-repurchase program, additional authorized amount			$ 3			$ 1
Share-repurchase program expiration date					Dec. 31, 2019
Share Repurchase Program [Member] | Maximum [Member]
Stockholders Equity [Abstract]
Share-repurchase program, authorized amount				$ 1		$ 5

Stockholders' Equity (Summary o

Stockholders' Equity (Summary of Purchases of Common Stock) (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Millions	3 Months Ended						18 Months Ended
	Jun. 30, 2019	Mar. 31, 2019	Dec. 31, 2018	Sep. 30, 2018	Jun. 30, 2018	Mar. 31, 2018	Jun. 30, 2019
Stockholders Equity [Line Items]
Total Number of Shares Purchased				40,822			120,201
Dollar Value of Shares Purchased				$ 1,712			$ 4,161
Average Price Paid per Share				$ 41.92			$ 34.62
Open-Market [Member]
Stockholders Equity [Line Items]
Total Number of Shares Purchased	5,911	36,141	23,612	16,492	11,154	2,561
Dollar Value of Shares Purchased	$ 159	$ 1,024	$ 745	$ 712	$ 439	$ 82
Average Price Paid per Share	$ 27.01	$ 28.33	$ 31.57	$ 43.13	$ 39.35	$ 32.19
ASR [Member]
Stockholders Equity [Line Items]
Total Number of Shares Purchased				24,330
Dollar Value of Shares Purchased				$ 1,000
Average Price Paid per Share				$ 41.10

Stockholders' Equity (Summary_2

Stockholders' Equity (Summary Of Dividends Paid On Common Stock) (Details) - USD ($) $ / shares in Units, $ in Millions	3 Months Ended				6 Months Ended
	Jun. 30, 2019	Mar. 31, 2019	Jun. 30, 2018	Mar. 31, 2018	Jun. 30, 2019	Jun. 30, 2018
Stockholders Equity Note [Abstract]
Common stock dividends paid, Amount	$ 37	$ 34	$ 42	$ 32	$ 71	$ 74
Common stock dividends, rate per share	$ 0.09	$ 0.08	$ 0.08	$ 0.06

Discontinued Operations and A_3

Discontinued Operations and Assets Held for Sale (Narrative) (Details) $ in Millions, $ in Billions		Jun. 27, 2019USD ($)	Jun. 27, 2019CAD ($)	Sep. 30, 2019USD ($)	Jun. 30, 2019USD ($)	Sep. 30, 2018USD ($)	Mar. 31, 2018USD ($)	Jun. 30, 2019USD ($)MMcf	Jun. 30, 2018USD ($)	Dec. 31, 2018USD ($)
Income Statement Balance Sheet And Additional Disclosures By Disposal Groups Including Discontinued Operations [Line Items]
Gain on sale of aggregate ownership interests, before-tax					$ 189			$ 189
Foreign currency translation adjustment	[1]				1,237			1,237
Cash restricted for discontinued operations					370			370
Loss on early retirement of debt, cash retirement costs									$ 304
Assets related to divestiture					230			230		$ 4,269
Liabilities related to divestiture					$ 2,083			$ 2,083		2,623
Non-Core Upstream Assets [Member] | Permian Basin [Member]
Income Statement Balance Sheet And Additional Disclosures By Disposal Groups Including Discontinued Operations [Line Items]
Assets related to divestiture										197
Liabilities related to divestiture										$ 69
Senior Notes [Member]
Income Statement Balance Sheet And Additional Disclosures By Disposal Groups Including Discontinued Operations [Line Items]
Loss on early retirement of debt, cash retirement costs							$ 304
Loss on early retirement of debt, noncash charges							$ 8
4.00% due July 15, 2021 [Member] | Senior Notes [Member] | Scenario Forecast [Member]
Income Statement Balance Sheet And Additional Disclosures By Disposal Groups Including Discontinued Operations [Line Items]
Long-term debt retired				$ 500
Debt interest rate, stated percentage				4.00%
Debt, maturity date				Jul. 15, 2021
3.25% due May 15, 2022 [Member] | Senior Notes [Member] | Scenario Forecast [Member]
Income Statement Balance Sheet And Additional Disclosures By Disposal Groups Including Discontinued Operations [Line Items]
Long-term debt retired				$ 1,000
Debt interest rate, stated percentage				3.25%
Debt, maturity date				May 15, 2022
Canadian​ Divestiture [Member]
Income Statement Balance Sheet And Additional Disclosures By Disposal Groups Including Discontinued Operations [Line Items]
Restructuring costs and asset impairment charges		$ 273
Estimated cash abandonment charges per quarter		6
Canadian Business Segment [Member]
Income Statement Balance Sheet And Additional Disclosures By Disposal Groups Including Discontinued Operations [Line Items]
Deferred tax asset		34
Canadian Business Segment [Member] | Scenario Forecast [Member]
Income Statement Balance Sheet And Additional Disclosures By Disposal Groups Including Discontinued Operations [Line Items]
Loss on early retirement of debt, cash retirement costs				$ 52
Loss on early retirement of debt, noncash charges				6
Canadian Business Segment [Member] | 4.00% due July 15, 2021 [Member] | Senior Notes [Member] | Scenario Forecast [Member]
Income Statement Balance Sheet And Additional Disclosures By Disposal Groups Including Discontinued Operations [Line Items]
Long-term debt retired				$ 500
Debt interest rate, stated percentage				4.00%
Debt, maturity date				Jul. 15, 2021
Canadian Business Segment [Member] | 3.25% due May 15, 2022 [Member] | Senior Notes [Member] | Scenario Forecast [Member]
Income Statement Balance Sheet And Additional Disclosures By Disposal Groups Including Discontinued Operations [Line Items]
Long-term debt retired				$ 1,000
Debt interest rate, stated percentage				3.25%
Debt, maturity date				May 15, 2022
Canadian Business Segment [Member] | Canadian​ Divestiture [Member] | Firm Transportation Agreement Abandonment Charge [Member]
Income Statement Balance Sheet And Additional Disclosures By Disposal Groups Including Discontinued Operations [Line Items]
Restructuring costs and asset impairment charges		154
Canadian Business Segment [Member] | Canadian​ Divestiture [Member] | Office Lease Abandonment and Related Asset Impairment Charges [Member]
Income Statement Balance Sheet And Additional Disclosures By Disposal Groups Including Discontinued Operations [Line Items]
Restructuring costs and asset impairment charges		55
Canadian Business Segment [Member] | Canadian​ Divestiture [Member] | Employee Related Costs [Member]
Income Statement Balance Sheet And Additional Disclosures By Disposal Groups Including Discontinued Operations [Line Items]
Restructuring costs and asset impairment charges		64
Expense associated with accelerated awards		$ 40
Canadian Natural Resources Limited [Member] | Canadian Business Segment [Member]
Income Statement Balance Sheet And Additional Disclosures By Disposal Groups Including Discontinued Operations [Line Items]
Effective close date of divestiture		Jun. 27, 2019	Jun. 27, 2019
Proceeds from sale of aggregate ownership interests		$ 2,600	$ 3.4
Gain on sale of aggregate ownership interests, before-tax		189
Gain on sale of aggregate ownership interests, after-tax		460
Cash income taxes		110
Foreign currency translation adjustment		1,200
Cash restricted for discontinued operations		370
Restructuring costs reimbursed		$ 50
EnLink and General Partner [Member]
Income Statement Balance Sheet And Additional Disclosures By Disposal Groups Including Discontinued Operations [Line Items]
Effective close date of divestiture								Jul. 18, 2018
Proceeds from sale of aggregate ownership interests						$ 3,125
Gain on sale of aggregate ownership interests, before-tax						2,600
Gain on sale of aggregate ownership interests, after-tax						2,200
Cash income taxes						$ 12
Net cash outflows								$ 280
EnLink and General Partner [Member] | Chisholm Gathering and Processing Contract [Member]
Income Statement Balance Sheet And Additional Disclosures By Disposal Groups Including Discontinued Operations [Line Items]
Gathering and processing minimum volume commitments period end								early 2021
EnLink and General Partner [Member] | Bridgeport and Cana Gathering and Processing Contracts [Member]
Income Statement Balance Sheet And Additional Disclosures By Disposal Groups Including Discontinued Operations [Line Items]
Commitment Termination Date								Dec. 31, 2029
EnLink and General Partner [Member] | Minimum [Member] | Chisholm Gathering and Processing Contract [Member]
Income Statement Balance Sheet And Additional Disclosures By Disposal Groups Including Discontinued Operations [Line Items]
Minimum gathering volume commitment | MMcf								77
Minimum processing volume commitment | MMcf								77
EnLink and General Partner [Member] | Maximum [Member] | Chisholm Gathering and Processing Contract [Member]
Income Statement Balance Sheet And Additional Disclosures By Disposal Groups Including Discontinued Operations [Line Items]
Minimum gathering volume commitment | MMcf								128
Minimum processing volume commitment | MMcf								128
[1]	In conjunction with the sale of all of its Canadian operating assets, Devon released the cumulative translation adjustment as part of its gain on the disposition of its Canadian business. See Note 18

Discontinued Operations and A_4

Discontinued Operations and Assets Held for Sale (Amounts Reported as Discontinued Operations in the Consolidated Comprehensive Statements of Earnings) (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
Income Statement Balance Sheet And Additional Disclosures By Disposal Groups Including Discontinued Operations [Line Items]
Upstream revenues	$ 388	$ 303	$ 635	$ 605
Marketing and midstream revenues	12	1,619	38	3,248
Total revenues	400	1,922	673	3,853
Production expenses	153	166	294	314
Exploration expenses	4	6	13	18
Marketing and midstream expenses	9	1,280	18	2,628
Depreciation, depletion and amortization	49	184	128	416
Asset impairments	37		37
Asset dispositions	(189)		(189)
General and administrative expenses	13	49	31	100
Financing costs, net	13	43	26	85
Restructuring and transaction costs	236	9	239	9
Other expenses	31	34	3	102
Total expenses	356	1,771	600	3,672
Earnings from discontinued operations before income taxes	44	151	73	181
Income tax benefit	(285)	(10)	(285)	(35)
Net earnings from discontinued operations, net of tax	329	161	358	216
Net earnings attributable to noncontrolling interests		90		134
Net earnings from discontinued operations, attributable to Devon		71		82
Canada [Member]
Income Statement Balance Sheet And Additional Disclosures By Disposal Groups Including Discontinued Operations [Line Items]
Upstream revenues	388	303	635	605
Marketing and midstream revenues	12	24	38	41
Total revenues	400	327	673	646
Production expenses	153	166	294	314
Exploration expenses	4	6	13	18
Marketing and midstream expenses	9	11	18	18
Depreciation, depletion and amortization	49	78	128	172
Asset impairments	37		37
Asset dispositions	(189)		(189)
General and administrative expenses	13	18	31	42
Financing costs, net	13	(2)	26	(4)
Restructuring and transaction costs	236	9	239	9
Other expenses	31	39	3	109
Total expenses	356	325	600	678
Earnings from discontinued operations before income taxes	44	2	73	(32)
Income tax benefit	(285)	(20)	(285)	(51)
Net earnings from discontinued operations, net of tax	$ 329	22	$ 358	19
Net earnings from discontinued operations, attributable to Devon		22		19
EnLink and General Partner [Member]
Income Statement Balance Sheet And Additional Disclosures By Disposal Groups Including Discontinued Operations [Line Items]
Marketing and midstream revenues		1,595		3,207
Total revenues		1,595		3,207
Marketing and midstream expenses		1,269		2,610
Depreciation, depletion and amortization		106		244
General and administrative expenses		31		58
Financing costs, net		45		89
Other expenses		(5)		(7)
Total expenses		1,446		2,994
Earnings from discontinued operations before income taxes		149		213
Income tax benefit		10		16
Net earnings from discontinued operations, net of tax		139		197
Net earnings attributable to noncontrolling interests		90		134
Net earnings from discontinued operations, attributable to Devon		$ 49		$ 63

Discontinued Operations and A_5

Discontinued Operations and Assets Held for Sale (Carrying Amounts of Assets and Liabilities Classified as Associated with Discontinued Operations on Consolidated Balance Sheets) (Details) - USD ($) $ in Millions		Jun. 30, 2019	Dec. 31, 2018
Disposal Group Including Discontinued Operation Balance Sheet Disclosures [Abstract]
Accounts receivable		$ 111	$ 37
Other current assets		20	246
Current assets associated with discontinued operations		131	283
Oil and gas property and equipment, based on successful efforts accounting, net			3,829
Other property and equipment, net			78
Other long-term assets		99	79
Long-term assets associated with discontinued operations		99	3,986
Total assets associated with discontinued operations		230	4,269
Accounts payable		97	101
Revenues and royalties payable		16	67
Short-term debt (1)	[1]	1,494
Other current liabilities		287	170
Current liabilities associated with discontinued operations		1,894	338
Long-term debt	[1]		1,493
Asset retirement obligations			424
Other long-term liabilities		189	20
Deferred income taxes			348
Long-term liabilities associated with discontinued operations		189	2,285
Total liabilities associated with discontinued operations		$ 2,083	$ 2,623
[1]	(1) Includes the $500 million 4.00% Senior Notes due July 15, 2021 and $1.0 billion 3.25% Senior Notes due May 15, 2022 that were retired early in July 2019 utilizing a portion of the proceeds from the sale of Devon’s Canadian business.

Discontinued Operations and A_6

Discontinued Operations and Assets Held for Sale (Carrying Amounts of Assets and Liabilities Classified as Associated with Discontinued Operations on Consolidated Balance Sheets) (Parenthetical) (Details) - Scenario Forecast [Member] - Senior Notes [Member] $ in Millions	3 Months Ended
	Sep. 30, 2019USD ($)
4.00% due July 15, 2021 [Member]
Income Statement Balance Sheet And Additional Disclosures By Disposal Groups Including Discontinued Operations [Line Items]
Long-term debt retired	$ 500
Debt interest rate, stated percentage	4.00%
Debt, maturity date	Jul. 15, 2021
3.25% due May 15, 2022 [Member]
Income Statement Balance Sheet And Additional Disclosures By Disposal Groups Including Discontinued Operations [Line Items]
Long-term debt retired	$ 1,000
Debt interest rate, stated percentage	3.25%
Debt, maturity date	May 15, 2022

Commitments And Contingencies (

Commitments And Contingencies (Narrative) (Details)	6 Months Ended
	Jun. 30, 2019Defendant
Parishes in Louisiana [Member] | Minimum [Member]
Loss Contingencies [Line Items]
Number of defendants	100

Fair Value Measurements (Schedu

Fair Value Measurements (Schedule Of Carrying Value And Fair Value Measurement Information For Financial Assets And Liabilities) (Details) - USD ($) $ in Millions	Jun. 30, 2019	Dec. 31, 2018
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivatives, assets	$ 127	$ 674
Derivatives, liabilities	(7)	(33)
Carrying Amount [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash equivalents	2,784	1,505
Debt	(4,294)	(4,454)
Carrying Amount [Member] | Commodity Derivatives [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivatives, assets	127	674
Derivatives, liabilities	(7)	(33)
Total Fair Value [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash equivalents	2,784	1,505
Debt	(5,311)	(4,494)
Total Fair Value [Member] | Commodity Derivatives [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivatives, assets	127	674
Derivatives, liabilities	(7)	(33)
Level 1 Inputs [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash equivalents	2,784	1,405
Level 2 Inputs [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash equivalents		100
Debt	(5,311)	(4,494)
Level 2 Inputs [Member] | Commodity Derivatives [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivatives, assets	127	674
Derivatives, liabilities	$ (7)	$ (33)