Leases (Tables)

3 Months Ended

Mar. 31, 2024

Leases [Abstract]

Schedule of Right-of-use Assets and Lease Liabilities

The following table presents Devon’s right-of-use assets and lease liabilities as of March 31, 2024 and December 31, 2023.

	March 31, 2024						December 31, 2023
	Finance		Operating		Total		Finance		Operating		Total
Right-of-use assets	$	244	$	32	$	276	$	246	$	21	$	267
Lease liabilities:
Current lease liabilities (1)	$	22	$	16	$	38	$	21	$	12	$	33
Long-term lease liabilities		285		16		301		286		9		295
Total lease liabilities (2)	$	307	$	32	$	339	$	307	$	21	$	328

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

(2)Devon has entered into certain leases of equipment related to the exploration, development and production of oil and gas that had terms not yet commenced as of March 31, 2024 and are therefore excluded from the amounts shown above.