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Segment Information (Tables)
6 Months Ended
Jun. 30, 2018
Segment Reporting [Abstract]  
Condensed Statements Of Comprehensive Earnings And Balance Sheets Of Reportable Segments

 

 

U.S.

 

 

Canada

 

 

Total

 

Three Months Ended June 30, 2018:

 

 

 

 

 

 

 

 

 

 

 

 

Revenues from external customers

 

$

1,922

 

 

$

327

 

 

$

2,249

 

Depreciation, depletion and amortization

 

$

342

 

 

$

78

 

 

$

420

 

Interest expense

 

$

72

 

 

$

(3

)

 

$

69

 

Asset impairments

 

$

154

 

 

$

 

 

$

154

 

Asset dispositions

 

$

23

 

 

$

 

 

$

23

 

Restructuring and transaction costs

 

$

85

 

 

$

9

 

 

$

94

 

Loss from continuing operations before income taxes

 

$

(471

)

 

$

(10

)

 

$

(481

)

Income tax expense (benefit)

 

$

13

 

 

$

(20

)

 

$

(7

)

Net earnings (loss) from continuing operations

 

$

(484

)

 

$

10

 

 

$

(474

)

Capital expenditures, including acquisitions

 

$

585

 

 

$

60

 

 

$

645

 

Three Months Ended June 30, 2017:

 

 

 

 

 

 

 

 

 

 

 

 

Revenues from external customers

 

$

1,891

 

 

$

274

 

 

$

2,165

 

Depreciation, depletion and amortization

 

$

283

 

 

$

86

 

 

$

369

 

Interest expense

 

$

81

 

 

$

 

 

$

81

 

Asset dispositions

 

$

(22

)

 

$

 

 

$

(22

)

Earnings (loss) from continuing operations before income taxes

 

$

213

 

 

$

(6

)

 

$

207

 

Income tax expense (benefit)

 

$

2

 

 

$

(7

)

 

$

(5

)

Net earnings from continuing operations

 

$

211

 

 

$

1

 

 

$

212

 

Capital expenditures, including acquisitions

 

$

385

 

 

$

71

 

 

$

456

 

Six Months Ended June 30, 2018:

 

 

 

 

 

 

 

 

 

 

 

 

Revenues from external customers

 

$

3,801

 

 

$

646

 

 

$

4,447

 

Depreciation, depletion and amortization

 

$

647

 

 

$

172

 

 

$

819

 

Interest expense

 

$

319

 

 

$

145

 

 

$

464

 

Asset impairments

 

$

154

 

 

$

 

 

$

154

 

Asset dispositions

 

$

11

 

 

$

 

 

$

11

 

Restructuring and transaction costs

 

$

85

 

 

$

9

 

 

$

94

 

Loss from continuing operations before income taxes

 

$

(587

)

 

$

(139

)

 

$

(726

)

Income tax expense (benefit)

 

$

14

 

 

$

(55

)

 

$

(41

)

Net loss from continuing operations

 

$

(601

)

 

$

(84

)

 

$

(685

)

Property and equipment, net

 

$

10,031

 

 

$

4,090

 

 

$

14,121

 

Total continuing assets (1)

 

$

13,247

 

 

$

5,148

 

 

$

18,395

 

Capital expenditures, including acquisitions

 

$

1,197

 

 

$

149

 

 

$

1,346

 

Six Months Ended June 30, 2017:

 

 

 

 

 

 

 

 

 

 

 

 

Revenues from external customers

 

$

3,972

 

 

$

593

 

 

$

4,565

 

Depreciation, depletion and amortization

 

$

585

 

 

$

184

 

 

$

769

 

Interest expense

 

$

161

 

 

$

5

 

 

$

166

 

Asset dispositions

 

$

(29

)

 

$

(1

)

 

$

(30

)

Earnings (loss) from continuing operations before income taxes

 

$

523

 

 

$

(3

)

 

$

520

 

Income tax expense (benefit)

 

$

5

 

 

$

(5

)

 

$

 

Net earnings from continuing operations

 

$

518

 

 

$

2

 

 

$

520

 

Property and equipment, net

 

$

10,051

 

 

$

4,166

 

 

$

14,217

 

Total continuing assets (1)

 

$

13,907

 

 

$

5,020

 

 

$

18,927

 

Capital expenditures, including acquisitions

 

$

731

 

 

$

153

 

 

$

884

 

 

(1)

Total assets in the table above do not include assets held for sale related to Devon’s discontinued operations, which totaled $10.8 billion and $10.2 billion on June 30, 2018 and June 30, 2017, respectively.