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Consolidated Balance Sheets - USD ($)
$ in Millions
Jun. 30, 2018
Dec. 31, 2017
Current assets:    
Cash and cash equivalents $ 1,460 $ 2,642
Accounts receivable 1,141 989
Current assets held for sale 10,764 760
Other current assets 455 400
Total current assets 13,820 4,791
Oil and gas property and equipment, based on successful efforts accounting, net 12,957 13,318
Other property and equipment, net 1,164 1,266
Total property and equipment, net 14,121 14,584
Goodwill 841 841
Other long-term assets 377 296
Long-term assets held for sale   9,729
Total assets 29,159 30,241
Current liabilities:    
Accounts payable 771 633
Revenues and royalties payable 959 748
Short-term debt [1] 277 115
Current liabilities held for sale 5,291 991
Other current liabilities 1,079 828
Total current liabilities 8,377 3,315
Long-term debt 5,790 6,749
Asset retirement obligations 1,088 1,099
Other long-term liabilities 624 549
Long-term liabilities held for sale   3,936
Deferred income taxes 432 489
Equity:    
Common stock, $0.10 par value. Authorized 1.0 billion shares; issued 515 million and 525 million shares in 2018 and 2017, respectively 51 53
Additional paid-in capital 6,888 7,333
Retained earnings 6 702
Accumulated other comprehensive earnings 1,091 1,166
Treasury stock, at cost, 0.5 million shares in 2018 (22)  
Total stockholders’ equity attributable to Devon 8,014 9,254
Noncontrolling interests 4,834 4,850
Total equity 12,848 14,104
Total liabilities and equity $ 29,159 $ 30,241
[1] Short-term debt as of June 30, 2018 consists of Devon’s $20 million of 8.25% senior notes due July 1, 2018, $95 million of 2.25% senior notes due December 15, 2018 and $162 million of 6.30% senior notes due January 15, 2019.