Segment Information

12 Months Ended

Dec. 31, 2016

Segment Reporting [Abstract]

Segment Information

21. Segment Information

Devon manages its operations through distinct operating segments, which are defined primarily by geographic areas. For financial reporting purposes, Devon aggregates its U.S. operating segments into one reporting segment due to the similar nature of the businesses. However, Devon’s Canadian exploration and production operating segment is reported as a separate reporting segment primarily due to the significant differences between the U.S. and Canadian regulatory environments. Devon’s U.S. and Canadian segments are both primarily engaged in oil and gas exploration and production activities, and certain information regarding such activities for each segment is included in Note 22.

Devon considers EnLink, combined with the General Partner, to be an operating segment that is distinct from the U.S. and Canadian operating segments. EnLink’s operations consist of midstream assets and operations located across the U.S. Additionally, EnLink has a management team that is primarily responsible for capital and resource allocation decisions. Therefore, EnLink is presented as a separate reporting segment.

	U.S. (1)			Canada			EnLink (1)			Eliminations			Total
	(Millions)
Year Ended December 31, 2016:
Revenues from external customers	$	5,722		$	1,031		$	3,551		$	—		$	10,304
Asset dispositions and other	$	1,367		$	542		$	(16)		$	—		$	1,893
Intersegment revenues	$	—		$	—		$	701		$	(701	)	$	—
Depreciation, depletion and amortization	$	928		$	360		$	504		$	—		$	1,792
Asset impairments	$	2,809		$	1,293		$	873		$	—		$	4,975
Restructuring and transaction costs	$	242		$	19		$	6		$	—		$	267
Interest expense	$	624		$	181		$	190		$	(84	)	$	911
Loss before income taxes	$	(2,051	)	$	(942	)	$	(884	)	$	—		$	(3,877	)
Income tax benefit	$	(8	)	$	(165	)	$	—		$	—		$	(173	)
Net loss	$	(2,043	)	$	(777	)	$	(884	)	$	—		$	(3,704	)
Net earnings (loss) attributable to noncontrolling interests	$	1		$	—		$	(403	)	$	—		$	(402	)
Net loss attributable to Devon	$	(2,044	)	$	(777	)	$	(481	)	$	—		$	(3,302	)
Property and equipment, net	$	7,358		$	2,575		$	6,257		$	—		$	16,190
Total assets	$	12,163		$	3,536		$	10,276		$	(62	)	$	25,913
Capital expenditures, including acquisitions	$	2,880		$	229		$	1,082		$	—		$	4,191
Year Ended December 31, 2015:
Revenues from external customers	$	8,360		$	1,012		$	3,773		$	—		$	13,145
Intersegment revenues	$	—		$	—		$	679		$	(679	)	$	—
Depreciation, depletion and amortization	$	2,220		$	522		$	387		$	—		$	3,129
Asset impairments	$	18,000		$	1,257		$	1,563		$	—		$	20,820
Restructuring and transaction costs	$	54		$	24		$	—		$	—		$	78
Interest expense	$	368		$	94		$	107		$	(46	)	$	523
Loss before income taxes	$	(18,214	)	$	(1,670	)	$	(1,384	)	$	—		$	(21,268	)
Income tax expense (benefit)	$	(5,650	)	$	(445	)	$	30		$	—		$	(6,065	)
Net loss	$	(12,564	)	$	(1,225	)	$	(1,414	)	$	—		$	(15,203	)
Net earnings (loss) attributable to noncontrolling interests	$	1		$	—		$	(750	)	$	—		$	(749	)
Net loss attributable to Devon	$	(12,565	)	$	(1,225	)	$	(664	)	$	—		$	(14,454	)
Property and equipment, net	$	8,811		$	4,590		$	5,667		$	—		$	19,068
Total assets	$	14,550		$	5,457		$	9,541		$	(97	)	$	29,451
Capital expenditures, including acquisitions	$	4,575		$	680		$	978		$	—		$	6,233
Year Ended December 31, 2014:
Revenues from external customers	$	14,854		$	2,063		$	2,649		$	—		$	19,566
Asset dispositions and other	$	(5	)	$	1,077		$	—		$	—		$	1,072
Intersegment revenues	$	—		$	—		$	859		$	(859	)	$	—
Depreciation, depletion and amortization	$	2,475		$	560		$	284		$	—		$	3,319
Asset impairments	$	12		$	1,941		$	—		$	—		$	1,953
Restructuring and transaction costs	$	—		$	46		$	—		$	—		$	46
Interest expense	$	441		$	85		$	54		$	(44	)	$	536
Earnings (loss) before income taxes	$	4,390		$	(657	)	$	326		$	—		$	4,059
Income tax expense	$	1,797		$	495		$	76		$	—		$	2,368
Net earnings (loss)	$	2,593		$	(1,152	)	$	250		$	—		$	1,691
Net earnings attributable to noncontrolling interests	$	1		$	—		$	83		$	—		$	84
Net earnings (loss) attributable to Devon	$	2,592		$	(1,152	)	$	167		$	—		$	1,607
Property and equipment, net	$	24,463		$	6,790		$	5,043		$	—		$	36,296
Total assets	$	31,994		$	8,509		$	10,189		$	(124	)	$	50,568
Capital expenditures, including acquisitions	$	11,214		$	1,344		$	1,001		$	—		$	13,559

(1) Due to Devon’s control of EnLink through its control of the General Partner, the acquisition of VEX by EnLink from Devon in the second quarter of 2015 was considered a transfer of net assets between entities under common control, and EnLink was required to recast its financial statements as of December 31, 2015 to include the activities of such assets from the date of common control. Therefore, the results of VEX have been moved from the U.S. segment to the EnLink segment for the recasted periods.