Debt And Related Expenses (Tables)

9 Months Ended

Sep. 30, 2016

Debt Disclosure [Abstract]

Schedule Of Debt Instruments

	September 30, 2016			December 31, 2015
	(Millions)
Devon debt:
Commercial paper	$	—		$	626
Floating rate due December 15, 2016		350			350
8.25% due July 1, 2018		28			125
2.25% due December 15, 2018		110			750
6.30% due January 15, 2019		198			700
4.00% due July 15, 2021		500			500
3.25% due May 15, 2022		1,000			1,000
5.85% due December 15, 2025		850			850
7.50% due September 15, 2027		150			150
7.875% due September 30, 2031		1,250			1,250
7.95% due April 15, 2032		1,000			1,000
5.60% due July 15, 2041		1,250			1,250
4.75% due May 15, 2042		750			750
5.00% due June 15, 2045		750			750
Net discount on debentures and notes		(28	)		(28	)
Debt issuance costs		(49	)		(57	)
Total Devon debt		8,109			9,966
EnLink debt:
Credit facilities		98			414
2.70% due April 1, 2019		400			400
7.125% due June 1, 2022		163			163
4.40% due April 1, 2024		550			550
4.15% due June 1, 2025		750			750
4.85% due July 15, 2026		500			—
5.60% due April 1, 2044		350			350
5.05% due April 1, 2045		450			450
Net premium on debentures and notes		10			13
Debt issuance costs		(26	)		(24	)
Total EnLink debt		3,245			3,066
Total debt		11,354			13,032
Less amount classified as short-term debt (1)		350			976
Total long-term debt	$	11,004		$	12,056

(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.

Schedule Of Net Financing Cost Components

	Three Months Ended September 30,						Nine Months Ended September 30,
	2016			2015			2016			2015
	(Millions)
Interest based on debt outstanding	$	157		$	147		$	481		$	413
Early retirement of debt		84			—			84			—
Capitalized interest		(18	)		(17	)		(53	)		(46	)
Interest accretion on deferred installment payment - see Note 2		13			—			39			—
Other fees and expenses		9			8			24			16
Interest expense		245			138			575			383
Interest income		(2	)		(2	)		(5	)		(5	)
Net financing costs	$	243		$	136		$	570		$	378