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Segment Information (Tables)
12 Months Ended
Dec. 31, 2016
Segment Reporting [Abstract]  
Condensed Statements Of Comprehensive Earnings And Balance Sheets Of Reportable Segments

 

 

 

U.S. (1)

 

 

Canada

 

 

EnLink (1)

 

 

Eliminations

 

 

Total

 

 

 

(Millions)

 

Year Ended December 31, 2016:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Revenues from external customers

 

$

5,722

 

 

$

1,031

 

 

$

3,551

 

 

$

 

 

$

10,304

 

Asset dispositions and other

 

$

1,367

 

 

$

542

 

 

$

(16)

 

 

$

 

 

$

1,893

 

Intersegment revenues

 

$

 

 

$

 

 

$

701

 

 

$

(701

)

 

$

 

Depreciation, depletion and amortization

 

$

928

 

 

$

360

 

 

$

504

 

 

$

 

 

$

1,792

 

Asset impairments

 

$

2,809

 

 

$

1,293

 

 

$

873

 

 

$

 

 

$

4,975

 

Restructuring and transaction costs

 

$

242

 

 

$

19

 

 

$

6

 

 

$

 

 

$

267

 

Interest expense

 

$

624

 

 

$

181

 

 

$

190

 

 

$

(84

)

 

$

911

 

Loss before income taxes

 

$

(2,051

)

 

$

(942

)

 

$

(884

)

 

$

 

 

$

(3,877

)

Income tax benefit

 

$

(8

)

 

$

(165

)

 

$

 

 

$

 

 

$

(173

)

Net loss

 

$

(2,043

)

 

$

(777

)

 

$

(884

)

 

$

 

 

$

(3,704

)

Net earnings (loss) attributable to noncontrolling interests

 

$

1

 

 

$

 

 

$

(403

)

 

$

 

 

$

(402

)

Net loss attributable to Devon

 

$

(2,044

)

 

$

(777

)

 

$

(481

)

 

$

 

 

$

(3,302

)

Property and equipment, net

 

$

7,358

 

 

$

2,575

 

 

$

6,257

 

 

$

 

 

$

16,190

 

Total assets

 

$

12,163

 

 

$

3,536

 

 

$

10,276

 

 

$

(62

)

 

$

25,913

 

Capital expenditures, including acquisitions

 

$

2,880

 

 

$

229

 

 

$

1,082

 

 

$

 

 

$

4,191

 

Year Ended December 31, 2015:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Revenues from external customers

 

$

8,360

 

 

$

1,012

 

 

$

3,773

 

 

$

 

 

$

13,145

 

Intersegment revenues

 

$

 

 

$

 

 

$

679

 

 

$

(679

)

 

$

 

Depreciation, depletion and amortization

 

$

2,220

 

 

$

522

 

 

$

387

 

 

$

 

 

$

3,129

 

Asset impairments

 

$

18,000

 

 

$

1,257

 

 

$

1,563

 

 

$

 

 

$

20,820

 

Restructuring and transaction costs

 

$

54

 

 

$

24

 

 

$

 

 

$

 

 

$

78

 

Interest expense

 

$

368

 

 

$

94

 

 

$

107

 

 

$

(46

)

 

$

523

 

Loss before income taxes

 

$

(18,214

)

 

$

(1,670

)

 

$

(1,384

)

 

$

 

 

$

(21,268

)

Income tax expense (benefit)

 

$

(5,650

)

 

$

(445

)

 

$

30

 

 

$

 

 

$

(6,065

)

Net loss

 

$

(12,564

)

 

$

(1,225

)

 

$

(1,414

)

 

$

 

 

$

(15,203

)

Net earnings (loss) attributable to noncontrolling interests

 

$

1

 

 

$

 

 

$

(750

)

 

$

 

 

$

(749

)

Net loss attributable to Devon

 

$

(12,565

)

 

$

(1,225

)

 

$

(664

)

 

$

 

 

$

(14,454

)

Property and equipment, net

 

$

8,811

 

 

$

4,590

 

 

$

5,667

 

 

$

 

 

$

19,068

 

Total assets

 

$

14,550

 

 

$

5,457

 

 

$

9,541

 

 

$

(97

)

 

$

29,451

 

Capital expenditures, including acquisitions

 

$

4,575

 

 

$

680

 

 

$

978

 

 

$

 

 

$

6,233

 

Year Ended December 31, 2014:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Revenues from external customers

 

$

14,854

 

 

$

2,063

 

 

$

2,649

 

 

$

 

 

$

19,566

 

Asset dispositions and other

 

$

(5

)

 

$

1,077

 

 

$

 

 

$

 

 

$

1,072

 

Intersegment revenues

 

$

 

 

$

 

 

$

859

 

 

$

(859

)

 

$

 

Depreciation, depletion and amortization

 

$

2,475

 

 

$

560

 

 

$

284

 

 

$

 

 

$

3,319

 

Asset impairments

 

$

12

 

 

$

1,941

 

 

$

 

 

$

 

 

$

1,953

 

Restructuring and transaction costs

 

$

 

 

$

46

 

 

$

 

 

$

 

 

$

46

 

Interest expense

 

$

441

 

 

$

85

 

 

$

54

 

 

$

(44

)

 

$

536

 

Earnings (loss) before income taxes

 

$

4,390

 

 

$

(657

)

 

$

326

 

 

$

 

 

$

4,059

 

Income tax expense

 

$

1,797

 

 

$

495

 

 

$

76

 

 

$

 

 

$

2,368

 

Net earnings (loss)

 

$

2,593

 

 

$

(1,152

)

 

$

250

 

 

$

 

 

$

1,691

 

Net earnings attributable to noncontrolling interests

 

$

1

 

 

$

 

 

$

83

 

 

$

 

 

$

84

 

Net earnings (loss) attributable to Devon

 

$

2,592

 

 

$

(1,152

)

 

$

167

 

 

$

 

 

$

1,607

 

Property and equipment, net

 

$

24,463

 

 

$

6,790

 

 

$

5,043

 

 

$

 

 

$

36,296

 

Total assets

 

$

31,994

 

 

$

8,509

 

 

$

10,189

 

 

$

(124

)

 

$

50,568

 

Capital expenditures, including acquisitions

 

$

11,214

 

 

$

1,344

 

 

$

1,001

 

 

$

 

 

$

13,559

 

 

(1)

Due to Devon’s control of EnLink through its control of the General Partner, the acquisition of VEX by EnLink from Devon in the second quarter of 2015 was considered a transfer of net assets between entities under common control, and EnLink was required to recast its financial statements as of December 31, 2015 to include the activities of such assets from the date of common control. Therefore, the results of VEX have been moved from the U.S. segment to the EnLink segment for the recasted periods.