23.	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 24.

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
Year Ended December 31, 2017:
Revenues from external customers	$	7,326		$	1,552		$	5,071		$	—		$	13,949
Intersegment revenues	$	—		$	—		$	669		$	(669	)	$	—
Depreciation, depletion and amortization	$	1,149		$	380		$	545		$	—		$	2,074
Asset impairments	$	—		$	—		$	17		$	—		$	17
Asset dispositions	$	(218	)	$	1		$	—		$	—		$	(217	)
Interest expense	$	324		$	69		$	181		$	(57	)	$	517
Earnings before income taxes	$	500		$	273		$	123		$	—		$	896
Income tax expense (benefit)	$	9		$	6		$	(197	)	$	—		$	(182	)
Net earnings	$	491		$	267		$	320		$	—		$	1,078
Net earnings attributable to noncontrolling interests	$	—		$	—		$	180		$	—		$	180
Net earnings attributable to Devon	$	491		$	267		$	140		$	—		$	898
Property and equipment, net	$	10,274		$	4,310		$	6,587		$	—		$	21,171
Total assets	$	14,254		$	5,498		$	10,538		$	(49	)	$	30,241
Capital expenditures, including acquisitions	$	1,821		$	348		$	768		$	—		$	2,937
Year Ended December 31, 2016:
Revenues from external customers	$	5,722		$	1,031		$	3,551		$	—		$	10,304
Intersegment revenues	$	—		$	—		$	701		$	(701	)	$	—
Depreciation, depletion and amortization	$	1,178		$	414		$	504		$	—		$	2,096
Asset impairments	$	435		$	2		$	873		$	—		$	1,310
Asset dispositions	$	(955	)	$	(541	)	$	13		$	—		$	(1,483	)
Restructuring and transaction costs	$	242		$	19		$	6		$	—		$	267
Interest expense	$	624		$	184		$	190		$	(84	)	$	914
Earnings (loss) before income taxes	$	(673	)	$	240		$	(884	)	$	—		$	(1,317	)
Income tax expense (benefit)	$	(8	)	$	149		$	—		$	—		$	141
Net earnings (loss)	$	(665	)	$	91		$	(884	)	$	—		$	(1,458	)
Net earnings (loss) attributable to noncontrolling interests	$	1		$	—		$	(403	)	$	—		$	(402	)
Net earnings (loss) attributable to Devon	$	(666	)	$	91		$	(481	)	$	—		$	(1,056	)
Property and equipment, net	$	10,166		$	4,110		$	6,257		$	—		$	20,533
Total assets	$	13,390		$	5,071		$	10,276		$	(62	)	$	28,675
Capital expenditures, including acquisitions	$	2,640		$	186		$	1,082		$	—		$	3,908
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	$	3,164		$	471		$	387		$	—		$	4,022
Asset impairments	$	16,069		$	15		$	1,563		$	—		$	17,647
Asset dispositions	$	(33	)	$	39		$	1		$	—		$	7
Restructuring and transaction costs	$	54		$	24		$	—		$	—		$	78
Interest expense	$	368		$	97		$	107		$	(46	)	$	526
Loss before income taxes	$	(17,898	)	$	(576	)	$	(1,384	)	$	—		$	(19,858	)
Income tax expense (benefit)	$	(6,100	)	$	(143	)	$	30		$	—		$	(6,213	)
Net loss	$	(11,798	)	$	(433	)	$	(1,414	)	$	—		$	(13,645	)
Net earnings (loss) attributable to noncontrolling interests	$	1		$	—		$	(750	)	$	—		$	(749	)
Net loss attributable to Devon	$	(11,799	)	$	(433	)	$	(664	)	$	—		$	(12,896	)
Property and equipment, net	$	10,357		$	4,962		$	5,667		$	—		$	20,986
Total assets	$	14,399		$	5,830		$	9,541		$	(97	)	$	29,673
Capital expenditures, including acquisitions	$	4,143		$	591		$	978		$	—		$	5,712

(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 recast period.