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Segment Information (Tables)
9 Months Ended
Sep. 30, 2016
Segment Reporting [Abstract]  
Condensed Statements Of Comprehensive Earnings And Balance Sheets Of Reportable Segments

 

 

 

U.S.

 

 

Canada

 

 

EnLink

 

 

Eliminations

 

 

Total

 

 

 

(Millions)

 

Three Months Ended September 30, 2016:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Revenues from external customers

 

$

1,653

 

 

$

305

 

 

$

924

 

 

$

 

 

$

2,882

 

Gains on asset sales

 

$

1,351

 

 

$

 

 

$

 

 

$

 

 

$

1,351

 

Intersegment revenues

 

$

 

 

$

 

 

$

180

 

 

$

(180

)

 

$

 

Depreciation, depletion and amortization

 

$

196

 

 

$

72

 

 

$

126

 

 

$

 

 

$

394

 

Interest expense

 

$

185

 

 

$

34

 

 

$

49

 

 

$

(23

)

 

$

245

 

Asset impairments

 

$

317

 

 

$

2

 

 

$

 

 

$

 

 

$

319

 

Restructuring and transaction costs

 

$

(10

)

 

$

5

 

 

$

 

 

$

 

 

$

(5

)

Earnings before income taxes

 

$

1,122

 

 

$

37

 

 

$

19

 

 

$

 

 

$

1,178

 

Income tax expense

 

$

5

 

 

$

159

 

 

$

7

 

 

$

 

 

$

171

 

Net earnings (loss)

 

$

1,117

 

 

$

(122

)

 

$

12

 

 

$

 

 

$

1,007

 

Net earnings attributable to noncontrolling interests

 

$

 

 

$

 

 

$

14

 

 

$

 

 

$

14

 

Net earnings (loss) attributable to Devon

 

$

1,117

 

 

$

(122

)

 

$

(2

)

 

$

 

 

$

993

 

Capital expenditures, including acquisitions

 

$

277

 

 

$

48

 

 

$

132

 

 

$

 

 

$

457

 

Three Months Ended September 30, 2015:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Revenues from external customers

 

$

2,381

 

 

$

221

 

 

$

999

 

 

$

 

 

$

3,601

 

Intersegment revenues

 

$

 

 

$

 

 

$

172

 

 

$

(172

)

 

$

 

Depreciation, depletion and amortization

 

$

510

 

 

$

134

 

 

$

100

 

 

$

 

 

$

744

 

Interest expense

 

$

96

 

 

$

22

 

 

$

31

 

 

$

(11

)

 

$

138

 

Asset impairments

 

$

4,716

 

 

$

336

 

 

$

799

 

 

$

 

 

$

5,851

 

Loss before income taxes

 

$

(4,464

)

 

$

(401

)

 

$

(758

)

 

$

 

 

$

(5,623

)

Income tax expense (benefit)

 

$

(1,605

)

 

$

(116

)

 

$

7

 

 

$

 

 

$

(1,714

)

Net loss

 

$

(2,859

)

 

$

(285

)

 

$

(765

)

 

$

 

 

$

(3,909

)

Net loss attributable to noncontrolling interests

 

$

 

 

$

 

 

$

(402

)

 

$

 

 

$

(402

)

Net loss attributable to Devon

 

$

(2,859

)

 

$

(285

)

 

$

(363

)

 

$

 

 

$

(3,507

)

Capital expenditures, including acquisitions

 

$

974

 

 

$

108

 

 

$

105

 

 

$

 

 

$

1,187

 

Nine Months Ended September 30, 2016:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Revenues from external customers

 

$

4,320

 

 

$

688

 

 

$

2,488

 

 

$

 

 

$

7,496

 

Gains on asset sales

 

$

1,351

 

 

$

 

 

$

 

 

$

 

 

$

1,351

 

Intersegment revenues

 

$

 

 

$

 

 

$

539

 

 

$

(539

)

 

$

 

Depreciation, depletion and amortization

 

$

763

 

 

$

284

 

 

$

373

 

 

$

 

 

$

1,420

 

Interest expense

 

$

400

 

 

$

101

 

 

$

140

 

 

$

(66

)

 

$

575

 

Asset impairments

 

$

2,810

 

 

$

1,168

 

 

$

873

 

 

$

 

 

$

4,851

 

Restructuring and transaction costs

 

$

245

 

 

$

15

 

 

$

6

 

 

$

 

 

$

266

 

Loss before income taxes

 

$

(2,040

)

 

$

(1,359

)

 

$

(853

)

 

$

 

 

$

(4,252

)

Income tax expense (benefit)

 

$

(6

)

 

$

(223

)

 

$

1

 

 

$

 

 

$

(228

)

Net loss

 

$

(2,034

)

 

$

(1,136

)

 

$

(854

)

 

$

 

 

$

(4,024

)

Net earnings (loss) attributable to noncontrolling interests

 

$

1

 

 

$

 

 

$

(392

)

 

$

 

 

$

(391

)

Net loss attributable to Devon

 

$

(2,035

)

 

$

(1,136

)

 

$

(462

)

 

$

 

 

$

(3,633

)

Property and equipment, net

 

$

7,196

 

 

$

2,778

 

 

$

6,195

 

 

$

 

 

$

16,169

 

Total assets

 

$

12,317

 

 

$

4,355

 

 

$

10,197

 

 

$

(56

)

 

$

26,813

 

Capital expenditures, including acquisitions

 

$

2,454

 

 

$

158

 

 

$

816

 

 

$

 

 

$

3,428

 

Nine Months Ended September 30, 2015:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Revenues from external customers

 

$

6,570

 

 

$

802

 

 

$

2,887

 

 

$

 

 

$

10,259

 

Intersegment revenues

 

$

 

 

$

 

 

$

499

 

 

$

(499

)

 

$

 

Depreciation, depletion and amortization

 

$

1,817

 

 

$

382

 

 

$

289

 

 

$

 

 

$

2,488

 

Interest expense

 

$

271

 

 

$

70

 

 

$

76

 

 

$

(34

)

 

$

383

 

Asset impairments

 

$

14,344

 

 

$

336

 

 

$

799

 

 

$

 

 

$

15,479

 

Loss before income taxes

 

$

(14,450

)

 

$

(609

)

 

$

(667

)

 

$

 

 

$

(15,726

)

Income tax expense (benefit)

 

$

(5,334

)

 

$

(129

)

 

$

28

 

 

$

 

 

$

(5,435

)

Net loss

 

$

(9,116

)

 

$

(480

)

 

$

(695

)

 

$

 

 

$

(10,291

)

Net earnings (loss) attributable to noncontrolling interests

 

$

1

 

 

$

 

 

$

(370

)

 

$

 

 

$

(369

)

Net loss attributable to Devon

 

$

(9,117

)

 

$

(480

)

 

$

(325

)

 

$

 

 

$

(9,922

)

Property and equipment, net

 

$

11,586

 

 

$

5,623

 

 

$

5,566

 

 

$

 

 

$

22,775

 

Total assets

 

$

17,389

 

 

$

6,747

 

 

$

10,249

 

 

$

(113

)

 

$

34,272

 

Capital expenditures, including acquisitions

 

$

3,205

 

 

$

478

 

 

$

777

 

 

$

 

 

$

4,460