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Consolidated Balance Sheets - USD ($)
$ in Millions
Jun. 30, 2016
Dec. 31, 2015
Current assets:    
Cash and cash equivalents $ 1,723 $ 2,310
Accounts receivable 1,167 1,105
Assets held for sale 728  
Other current assets 364 606
Total current assets 3,982 4,021
Oil and gas, based on full cost accounting:    
Subject to amortization 80,066 78,190
Not subject to amortization 3,798 2,584
Total oil and gas 83,864 80,774
Midstream and other 10,243 10,380
Total property and equipment, at cost 94,107 91,154
Less accumulated depreciation, depletion and amortization (77,292) (72,086)
Property and equipment, net 16,815 19,068
Goodwill 4,159 5,032
Other long-term assets 2,288 1,330
Total assets 27,244 29,451
Current liabilities:    
Accounts payable 545 906
Revenues and royalties payable 819 763
Short-term debt [1] 350 976
Liabilities held for sale 205  
Other current liabilities 1,010 650
Total current liabilities 2,929 3,295
Long-term debt 12,357 12,056
Asset retirement obligations 1,473 1,370
Other long-term liabilities 1,011 853
Deferred income taxes 555 888
Stockholders’ equity:    
Common stock, $0.10 par value. Authorized 1.0 billion shares; issued 524 million and 418 million shares in 2016 and 2015, respectively 52 42
Additional paid-in capital 7,500 4,996
Retained earnings (accumulated deficit) (2,970) 1,781
Accumulated other comprehensive earnings 265 230
Total stockholders’ equity attributable to Devon 4,847 7,049
Noncontrolling interests 4,072 3,940
Total stockholders’ equity 8,919 10,989
Commitments and contingencies (Note 19)
Total liabilities and stockholders’ equity $ 27,244 $ 29,451
[1] Short-term debt as of June 30, 2016 consists of $350 million of floating rate due on December 15, 2016. Short-term debt as of December 31, 2015 consists of $626 million of commercial paper and $350 million floating rate due on December 15, 2016.