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Share-Based Compensation (Tables)
12 Months Ended
Dec. 31, 2016
Schedule Of The Effects Of Share-Based Compensation Included In The Consolidated Comprehensive Statements Of Earnings

 

 

Year Ended December 31,

 

 

 

2016

 

 

2015

 

 

2014

 

 

 

(Millions)

 

Gross G&A for share-based compensation

 

$

154

 

 

$

225

 

 

$

199

 

Share-based compensation expense capitalized pursuant to

   the full cost method of accounting for oil and gas properties

 

$

39

 

 

$

63

 

 

$

53

 

Related income tax benefit

 

$

4

 

 

$

45

 

 

$

42

 

 

Summary Of Unvested Restricted Stock Awards and Units, Performance-Based Restricted Stock Awards And Performance Share Units

 

 

Restricted Stock

 

 

Performance-Based

 

 

Performance

 

 

 

Awards and Units

 

 

Restricted Stock Awards

 

 

Share Units

 

 

 

Awards and

Units

 

 

Weighted

Average

Grant-Date

Fair Value

 

 

Awards

 

 

Weighted

Average

Grant-Date

Fair Value

 

 

Units

 

 

 

 

Weighted

Average

Grant-Date

Fair Value

 

 

 

(Thousands, except fair value data)

 

Unvested at 12/31/15

 

 

4,738

 

 

$

62.49

 

 

 

434

 

 

$

60.48

 

 

 

1,859

 

 

 

 

$

76.17

 

Granted

 

 

4,390

 

 

$

19.91

 

 

 

330

 

 

$

19.22

 

 

 

1,388

 

 

 

 

$

10.41

 

Vested

 

 

(2,473

)

 

$

61.44

 

 

 

(179

)

 

$

59.10

 

 

 

(602

)

 

 

 

$

63.37

 

Forfeited

 

 

(248

)

 

$

44.38

 

 

 

 

 

$

 

 

 

(41

)

 

 

 

$

43.88

 

Unvested at 12/31/16

 

 

6,407

 

 

$

34.40

 

 

 

585

 

 

$

37.60

 

 

 

2,604

 

 

(1

)

$

46.66

 

 

(1)

A maximum of 5.2 million common shares could be awarded based upon Devon’s final TSR ranking.

Schedule Of Aggregate Fair Value Of Restricted Stock, Performance-Based Restricted Stock And Performance Shares, Awards And Units, That Vested During The Period

 

 

2016

 

 

2015

 

 

2014

 

 

 

(Millions)

 

Restricted Stock Awards and Units

 

$

73

 

 

$

101

 

 

$

112

 

Performance-Based Restricted Stock Awards

 

$

5

 

 

$

8

 

 

$

10

 

Performance Share Units

 

$

13

 

 

$

22

 

 

$

 

 

Summary of Unrecognized Compensation Cost And Weighted Average Period For Recognition

 

 

 

 

 

 

 

Performance-Based

 

 

 

 

 

 

 

Restricted Stock

 

 

Restricted Stock

 

 

Performance

 

 

 

Awards and Units

 

 

Awards

 

 

Share Units

 

Unrecognized compensation cost (millions)

 

$

131

 

 

$

5

 

 

$

21

 

Weighted average period for recognition (years)

 

 

2.3

 

 

 

2.2

 

 

 

1.6

 

 

Summary Of Performance Share Units Grant-Date Fair Values And Their Related Assumptions

 

 

2016

 

 

2015

 

 

2014

 

Grant-date fair value

 

$

9.24

 

 

 

$

10.61

 

 

$

81.99

 

 

 

$

85.05

 

 

$

70.18

 

 

 

$

81.05

 

Risk-free interest rate

 

0.94%

 

 

1.06%

 

 

0.54%

 

Volatility factor

 

37.7%

 

 

26.2%

 

 

28.8%

 

Contractual term (years)

 

2.83

 

 

2.89

 

 

2.89

 

 

Summary Of Outstanding Stock Options, Including Changes During The Year

 

 

 

 

 

 

Weighted Average

 

 

 

 

 

 

 

Options

 

 

Exercise Price

 

 

Remaining Term

 

 

Intrinsic Value

 

 

 

(Thousands)

 

 

 

 

 

 

(Years)

 

 

(Millions)

 

Outstanding at December 31, 2015

 

 

3,448

 

 

$

67.98

 

 

 

 

 

 

 

 

 

Expired

 

 

(916

)

 

$

67.75

 

 

 

 

 

 

 

 

 

Outstanding at December 31, 2016

 

 

2,532

 

 

$

68.06

 

 

 

1.87

 

 

$

 

Vested and expected to vest at December 31, 2016

 

 

2,532

 

 

$

68.06

 

 

 

1.87

 

 

$

 

Exercisable at December 31, 2016

 

 

2,532

 

 

$

68.06

 

 

 

1.87

 

 

$

 

 

General Partner And EnLink [Member]  
Summary of Unrecognized Compensation Cost And Weighted Average Period For Recognition

 

 

General Partner

 

 

EnLink

 

 

 

Restricted

 

 

Performance

 

 

Restricted

 

 

Performance

 

 

 

Incentive Units

 

 

Units

 

 

Incentive Units

 

 

Units

 

Unrecognized compensation cost (millions)

 

$

14

 

 

$

4

 

 

$

14

 

 

$

4

 

Weighted average period for recognition (years)

 

1.6

 

 

 

1.8

 

 

1.7

 

 

 

1.8