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Leases
3 Months Ended
Mar. 31, 2022
Leases [Abstract]  
Leases

14. Leases

The following table presents Devon’s right-of-use assets and lease liabilities as of March 31, 2022 and December 31, 2021.

 

 

 

March 31, 2022

 

 

December 31, 2021

 

 

 

Finance

 

 

Operating

 

 

Total

 

 

Finance

 

 

Operating

 

 

Total

 

Right-of-use assets

 

$

209

 

 

$

20

 

 

$

229

 

 

$

211

 

 

$

24

 

 

$

235

 

Lease liabilities:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Current lease liabilities (1)

 

$

8

 

 

$

15

 

 

$

23

 

 

$

8

 

 

$

18

 

 

$

26

 

Long-term lease liabilities

 

 

247

 

 

 

4

 

 

 

251

 

 

 

247

 

 

 

5

 

 

 

252

 

Total lease liabilities

 

$

255

 

 

$

19

 

 

$

274

 

 

$

255

 

 

$

23

 

 

$

278

 

 

(1) Current lease liabilities are included in other current liabilities on the consolidated balance sheets.

 

Devon’s right-of-use operating lease assets are for certain leases related to real estate, drilling rigs and other equipment related to the exploration, development and production of oil and gas. Devon’s right-of-use financing lease assets are related to real estate.