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Debt And Related Expenses (Tables)

12 Months Ended

Dec. 31, 2016

Debt Disclosure [Abstract]

Schedule Of Debt Instruments and Balances

		December 31, 2016				December 31, 2015
		(Millions)
Devon debt:
Commercial paper		$	—			$	626
Floating rate due December 15, 2016			—				350
8.25% due July 1, 2018 ⁽¹⁾⁽²⁾			20				125
2.25% due December 15, 2018 ⁽¹⁾			95				750
6.30% due January 15, 2019⁽¹⁾			162				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 ⁽¹⁾			485				850
7.50% due September 15, 2027 ⁽¹⁾⁽²⁾			73				150
7.875% due September 30, 2031 ⁽¹⁾⁽³⁾			1,059				1,250
7.95% due April 15, 2032 ⁽¹⁾			789				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			(30	)			(28	)
Debt issuance costs			(44	)			(57	)
Total Devon debt			6,859				9,966
EnLink and General Partner debt:
Credit facilities			148				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			9				13
Debt issuance costs			(25	)			(24	)
Total EnLink and General Partner debt			3,295				3,066
Total debt			10,154				13,032
Less amount classified as short-term debt⁽⁴⁾			—				976
Total long-term debt		$	10,154			$	12,056

(1)	These senior notes were included in 2016 tender offer redemptions discussed below.

(2)	These instruments were assumed by Devon in April 2003 in conjunction with the merger with Ocean Energy. The fair value and effective rates of these 8.25% notes and 7.50% notes at the time assumed was $147 million and 5.5%, respectively, and $169 million and 6.5%, respectively.

(3)	Issued in October 2001, these are unsecured and unsubordinated obligations of Devon Financing, a wholly owned finance subsidiary of Devon. These instruments are fully and unconditionally guaranteed by Devon.

(4)	2015 short-term debt consists of commercial paper balances and floating rate debt that was retired upon maturity in December 2016.

Schedule of Debt Maturities

2017		$	—
2018			115
2019			590
2020			120
2021			500
Thereafter			8,919
Total		$	10,244

Schedule Of Net Financing Cost Components

		Year Ended December 31,
		2016				2015				2014
		(Millions)
Devon net financing costs:
Interest based on debt outstanding		$	488			$	450			$	468
Early retirement of debt			269				—				48
Capitalized interest			(64	)			(54	)			(58	)
Other			21				14				15
Total Devon net financing costs			714				410				473
EnLink net financing costs:
Interest based on debt outstanding			144				115				64
Interest accretion on deferred installment payment			52				—				—
Other			(6	)			(8	)			(11	)
Total EnLink net financing costs			190				107				53
Total net financing costs		$	904			$	517			$	526