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Segment Information (Tables)
3 Months Ended
Mar. 31, 2017
Segment Reporting [Abstract]  
Condensed Statements Of Comprehensive Earnings And Balance Sheets Of Reportable Segments

 

 

 

U.S.

 

 

Canada

 

 

EnLink

 

 

Eliminations

 

 

Total

 

 

 

(Millions)

 

Three Months Ended March 31, 2017:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Revenues from external customers

 

$

2,081

 

 

$

319

 

 

$

1,151

 

 

$

 

 

$

3,551

 

Intersegment revenues

 

$

 

 

$

 

 

$

171

 

 

$

(171

)

 

$

 

Depreciation, depletion and amortization

 

$

181

 

 

$

72

 

 

$

128

 

 

$

 

 

$

381

 

Interest expense

 

$

80

 

 

$

20

 

 

$

45

 

 

$

(15

)

 

$

130

 

Asset impairments

 

$

 

 

$

 

 

$

7

 

 

$

 

 

$

7

 

Earnings before income taxes

 

$

557

 

 

$

29

 

 

$

12

 

 

$

 

 

$

598

 

Income tax expense

 

$

3

 

 

$

13

 

 

$

3

 

 

$

 

 

$

19

 

Net earnings

 

$

554

 

 

$

16

 

 

$

9

 

 

$

 

 

$

579

 

Net earnings attributable to noncontrolling interests

 

$

 

 

$

 

 

$

14

 

 

$

 

 

$

14

 

Net earnings (loss) attributable to Devon

 

$

554

 

 

$

16

 

 

$

(5

)

 

$

 

 

$

565

 

Property and equipment, net

 

$

7,452

 

 

$

2,573

 

 

$

6,396

 

 

$

 

 

$

16,421

 

Total assets

 

$

12,648

 

 

$

3,364

 

 

$

10,177

 

 

$

(55

)

 

$

26,134

 

Capital expenditures, including acquisitions

 

$

437

 

 

$

96

 

 

$

248

 

 

$

 

 

$

781

 

Three Months Ended March 31, 2016:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Revenues from external customers

 

$

1,302

 

 

$

117

 

 

$

707

 

 

$

 

 

$

2,126

 

Intersegment revenues

 

$

 

 

$

 

 

$

183

 

 

$

(183

)

 

$

 

Depreciation, depletion and amortization

 

$

311

 

 

$

109

 

 

$

122

 

 

$

 

 

$

542

 

Interest expense

 

$

107

 

 

$

34

 

 

$

44

 

 

$

(20

)

 

$

165

 

Asset impairments

 

$

1,608

 

 

$

554

 

 

$

873

 

 

$

 

 

$

3,035

 

Restructuring and transaction costs

 

$

236

 

 

$

6

 

 

$

5

 

 

$

 

 

$

247

 

Loss before income taxes

 

$

(2,065

)

 

$

(749

)

 

$

(871

)

 

$

 

 

$

(3,685

)

Income tax benefit

 

$

(5

)

 

$

(208

)

 

$

(4

)

 

$

 

 

$

(217

)

Net loss

 

$

(2,060

)

 

$

(541

)

 

$

(867

)

 

$

 

 

$

(3,468

)

Net loss attributable to noncontrolling interests

 

$

 

 

$

 

 

$

(412

)

 

$

 

 

$

(412

)

Net loss attributable to Devon

 

$

(2,060

)

 

$

(541

)

 

$

(455

)

 

$

 

 

$

(3,056

)

Property and equipment, net

 

$

8,901

 

 

$

4,246

 

 

$

6,117

 

 

$

 

 

$

19,264

 

Total assets

 

$

13,717

 

 

$

4,933

 

 

$

10,066

 

 

$

(79

)

 

$

28,637

 

Capital expenditures, including acquisitions

 

$

1,893

 

 

$

81

 

 

$

545

 

 

$

 

 

$

2,519