Net Earnings (Loss) Per Share Attributable to Devon

9 Months Ended

Sep. 30, 2016

Earnings Per Share [Abstract]

Net Earnings (Loss) Per Share Attributable to Devon

8. Net Earnings (Loss) Per Share Attributable to Devon

The following table reconciles net earnings (loss) attributable to Devon and weighted-average common shares outstanding used in the calculations of basic and diluted net earnings (loss) per share.

	Three Months Ended						Nine Months Ended
	September 30,						September 30,
	2016			2015			2016			2015
	(Millions, except per share amounts)
Net earnings (loss):
Net earnings (loss) attributable to Devon	$	993		$	(3,507	)	$	(3,633	)	$	(9,922	)
Attributable to participating securities		(11	)		(1	)		(1	)		(3	)
Basic and diluted earnings (loss)	$	982		$	(3,508	)	$	(3,634	)	$	(9,925	)
Common shares:
Common shares outstanding - total		524			411			509			411
Attributable to participating securities		(6	)		(5	)		(6	)		(5	)
Common shares outstanding - basic		518			406			503			406
Dilutive effect of potential common    shares issuable		3			—			—			—
Common shares outstanding - diluted		521			406			503			406
Net earnings (loss) per share attributable to Devon:
Basic	$	1.90		$	(8.64	)	$	(7.22	)	$	(24.45	)
Diluted	$	1.89		$	(8.64	)	$	(7.22	)	$	(24.45	)
Antidilutive options (1)		3			4			3			4

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