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Consolidated Balance Sheets - USD ($)
$ in Millions
Dec. 31, 2016
Dec. 31, 2015
Current assets:    
Cash and cash equivalents $ 1,959 $ 2,310
Accounts receivable 1,356 1,105
Assets held for sale 193  
Other current assets 264 606
Total current assets 3,772 4,021
Oil and gas, based on full cost accounting:    
Subject to amortization 75,648 78,190
Not subject to amortization 3,437 2,584
Total oil and gas 79,085 80,774
Midstream and other 10,455 10,380
Total property and equipment, at cost 89,540 91,154
Less accumulated depreciation, depletion and amortization (73,350) (72,086)
Property and equipment, net 16,190 19,068
Goodwill 3,964 5,032
Other long-term assets 1,987 1,330
Total assets 25,913 29,451
Current liabilities:    
Accounts payable 642 906
Revenues and royalties payable 908 763
Short-term debt [1]   976
Other current liabilities 1,066 650
Total current liabilities 2,616 3,295
Long-term debt 10,154 12,056
Asset retirement obligations 1,226 1,370
Other long-term liabilities 894 853
Deferred income taxes 648 888
Stockholders’ equity:    
Common stock, $0.10 par value. Authorized 1.0 billion shares; issued 523 million and 418 million shares in 2016 and 2015, respectively 52 42
Additional paid-in capital 7,237 4,996
Retained earnings (accumulated deficit) (1,646) 1,781
Accumulated other comprehensive earnings 284 230
Total stockholders’ equity attributable to Devon 5,927 7,049
Noncontrolling interests 4,448 3,940
Total stockholders’ equity 10,375 10,989
Total liabilities and stockholders’ equity $ 25,913 $ 29,451
[1] 2015 short-term debt consists of commercial paper balances and floating rate debt that was retired upon maturity in December 2016.