Debt And Related Expenses (Tables)

6 Months Ended

Jun. 30, 2018

Debt Disclosure [Abstract]

Schedule Of Debt Instruments and Balances

A summary of debt is as follows:

	June 30, 2018			December 31, 2017
8.25% due July 1, 2018	$	20		$	20
2.25% due December 15, 2018		95			95
6.30% due January 15, 2019		162			162
4.00% due July 15, 2021		500			500
3.25% due May 15, 2022		1,000			1,000
5.85% due December 15, 2025		485			485
7.50% due September 15, 2027		73			73
7.875% due September 30, 2031 (1)		675			1,059
7.95% due April 15, 2032 (1)		366			789
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		(25	)		(30	)
Debt issuance costs		(34	)		(39	)
Total debt		6,067			6,864
Less amount classified as short-term debt (2)		277			115
Total long-term debt	$	5,790		$	6,749

(1) These senior notes were included in the 2018 tender offer repurchases discussed below.

(2) Short-term debt as of June 30, 2018 consists of Devon’s $20 million of 8.25% senior notes due July 1, 2018, $95 million of 2.25% senior notes due December 15, 2018 and $162 million of 6.30% senior notes due January 15, 2019.

Schedule Of Net Financing Cost Components

	Three Months Ended June 30,						Six Months Ended June 30,
	2018			2017			2018			2017
Interest based on debt outstanding	$	81		$	98		$	177		$	195
Early retirement of debt		—			—			312			—
Capitalized interest		(17	)		(16	)		(35	)		(32	)
Other		(2	)		(5	)		(5	)		(3	)
Total net financing costs	$	62		$	77		$	449		$	160