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Consolidated Balance Sheets - USD ($)
$ in Millions
Sep. 30, 2016
Dec. 31, 2015
Current assets:    
Cash and cash equivalents $ 2,385 $ 2,310
Accounts receivable 1,092 1,105
Assets held for sale 717  
Other current assets 257 606
Total current assets 4,451 4,021
Oil and gas, based on full cost accounting:    
Subject to amortization 75,431 78,190
Not subject to amortization 3,637 2,584
Total oil and gas 79,068 80,774
Midstream and other 10,320 10,380
Total property and equipment, at cost 89,388 91,154
Less accumulated depreciation, depletion and amortization (73,219) (72,086)
Property and equipment, net 16,169 19,068
Goodwill 3,963 5,032
Other long-term assets 2,230 1,330
Total assets 26,813 29,451
Current liabilities:    
Accounts payable 529 906
Revenues and royalties payable 860 763
Short-term debt [1] 350 976
Liabilities held for sale 202  
Other current liabilities 910 650
Total current liabilities 2,851 3,295
Long-term debt 11,004 12,056
Asset retirement obligations 1,230 1,370
Other long-term liabilities 1,036 853
Deferred income taxes 631 888
Stockholders’ equity:    
Common stock, $0.10 par value. Authorized 1.0 billion shares; issued 524 million and 418 million shares in 2016 and 2015, respectively 52 42
Additional paid-in capital 7,487 4,996
Retained earnings (accumulated deficit) (1,977) 1,781
Accumulated other comprehensive earnings 278 230
Total stockholders’ equity attributable to Devon 5,840 7,049
Noncontrolling interests 4,221 3,940
Total stockholders’ equity 10,061 10,989
Total liabilities and stockholders’ equity $ 26,813 $ 29,451
[1] Short-term debt as of September 30, 2016 consists of $350 million of floating rate due on December 15, 2016. Short-term debt as of December 31, 2015 consists of $626 million of commercial paper and $350 million floating rate due on December 15, 2016.