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Net Earnings (Loss) Per Share Attributable to Devon (Tables)
 9 Months Ended
Sep. 30, 2016
Earnings Per Share [Abstract]  
Net Earnings (Loss) Per Share Computations

 

 

 

Three Months Ended

 

 

Nine Months Ended

 

 

 

September 30,

 

 

September 30,

 

 

 

2016

 

 

2015

 

 

2016

 

 

2015

 

 

 

(Millions, except per share amounts)

 

Net earnings (loss):

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net earnings (loss) attributable to Devon

 

$

993

 

 

$

(3,507

)

 

$

(3,633

)

 

$

(9,922

)

Attributable to participating securities

 

 

(11

)

 

 

(1

)

 

 

(1

)

 

 

(3

)

Basic and diluted earnings (loss)

 

$

982

 

 

$

(3,508

)

 

$

(3,634

)

 

$

(9,925

)

Common shares:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Common shares outstanding - total

 

 

524

 

 

 

411

 

 

 

509

 

 

 

411

 

Attributable to participating securities

 

 

(6

)

 

 

(5

)

 

 

(6

)

 

 

(5

)

Common shares outstanding - basic

 

 

518

 

 

 

406

 

 

 

503

 

 

 

406

 

Dilutive effect of potential common

   shares issuable

 

 

3

 

 

 

—

 

 

 

—

 

 

 

—

 

Common shares outstanding - diluted

 

 

521

 

 

 

406

 

 

 

503

 

 

 

406

 

Net earnings (loss) per share attributable to Devon:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic

 

$

1.90

 

 

$

(8.64

)

 

$

(7.22

)

 

$

(24.45

)

Diluted

 

$

1.89

 

 

$

(8.64

)

 

$

(7.22

)

 

$

(24.45

)

Antidilutive options (1)

 

 

3

 

 

 

4

 

 

 

3

 

 

 

4

 

 

(1)

Amounts represent options to purchase shares of Devon’s common stock that are excluded from the diluted net loss per share calculations because the options are antidilutive.