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Net Earnings (Loss) Per Share from Continuing Operations (Tables)
9 Months Ended
Sep. 30, 2018
Earnings Per Share [Abstract]  
Net Earnings (Loss) Per Share Computations from Continuing Operations

 

 

 

Three Months Ended September 30,

 

 

Nine Months Ended September 30,

 

 

 

2018

 

 

2017

 

 

2018

 

 

2017

 

Net earnings (loss) from continuing operations:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net earnings (loss) from continuing operations

 

$

300

 

 

$

194

 

 

$

(385

)

 

$

714

 

Attributable to participating securities

 

 

(3

)

 

 

(2

)

 

 

(1

)

 

 

(8

)

Basic and diluted earnings (loss) from continuing operations

 

$

297

 

 

$

192

 

 

$

(386

)

 

$

706

 

Common shares:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Common shares outstanding - total

 

 

491

 

 

 

526

 

 

 

513

 

 

 

525

 

Attributable to participating securities

 

 

(5

)

 

 

(6

)

 

 

(6

)

 

 

(6

)

Common shares outstanding - basic

 

 

486

 

 

 

520

 

 

 

507

 

 

 

519

 

Dilutive effect of potential common shares issuable

 

 

3

 

 

 

3

 

 

 

 

 

 

3

 

Common shares outstanding - diluted

 

 

489

 

 

 

523

 

 

 

507

 

 

 

522

 

Net earnings (loss) per share from continuing operations:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic

 

$

0.61

 

 

$

0.37

 

 

$

(0.76

)

 

$

1.36

 

Diluted

 

$

0.61

 

 

$

0.37

 

 

$

(0.76

)

 

$

1.35

 

Antidilutive options (1)

 

 

2

 

 

 

2

 

 

 

2

 

 

 

2

 

 

(1)

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