Discontinued Operations (Tables)

12 Months Ended

Dec. 31, 2020

Discontinued Operations And Disposal Groups [Abstract]

Summary of Amounts Reported as Discontinued Operations in the Consolidated Comprehensive Statements of Earnings and Carrying Amounts of Assets and Liabilities Classified as Held for Sale on the Consolidated Balance Sheets

The following table presents the amounts reported in the consolidated statements of comprehensive earnings as discontinued operations.

Year ended December 31,	Barnett Shale			Canada			EnLink			Total
2020
Oil, gas and NGL sales	$	263		$	—		$	—		$	263
Total revenues		263			—			—			263
Production expenses		214			—			—			214
Asset impairments		182			—			—			182
Asset dispositions		(4	)		5			—			1
General and administrative expenses		—			3			—			3
Financing costs, net		—			(3	)		—			(3	)
Restructuring and transaction costs		—			9			—			9
Other expenses		10			(1	)		—			9
Total expenses		402			13			—			415
Earnings (loss) from discontinued operations before income taxes		(139	)		(13	)		—			(152	)
Income tax benefit		(11	)		(13	)		—			(24	)
Net earnings (loss) from discontinued operations, net of tax	$	(128	)	$	—		$	—		$	(128	)
2019
Oil, gas and NGL sales	$	486		$	741		$	—		$	1,227
Oil, gas and NGL derivatives		—			(113	)		—			(113	)
Marketing and midstream revenues		—			38			—			38
Total revenues		486			666			—			1,152
Production expenses		306			293			—			599
Exploration expenses		—			13			—			13
Marketing and midstream expenses		—			18			—			18
Depreciation, depletion and amortization		77			128			—			205
Asset impairments		748			37			—			785
Asset dispositions		1			(223	)		—			(222	)
General and administrative expenses		—			34			—			34
Financing costs, net		—			87			—			87
Restructuring and transaction costs		—			248			—			248
Other expenses		11			6			—			17
Total expenses		1,143			641			—			1,784
Earnings (loss) from discontinued operations before income taxes		(657	)		25			—			(632	)
Income tax benefit		(142	)		(216	)		—			(358	)
Net earnings (loss) from discontinued operations, net of tax	$	(515	)	$	241		$	—		$	(274	)
2018
Oil, gas and NGL sales	$	777		$	814		$	—		$	1,592
Oil, gas and NGL derivatives		—			151			—			150
Marketing and midstream revenues		—			95			3,567			3,662
Total revenues		777			1,060			3,567			5,404
Production expenses		467			605			—			1,072
Exploration expenses		—			48			—			48
Marketing and midstream expenses		—			42			2,912			2,954
Depreciation, depletion and amortization		100			330			244			674
Asset dispositions		14			—			(2,607	)		(2,593	)
General and administrative expenses		—			76			65			141
Financing costs, net		—			14			98			112
Restructuring and transaction costs		—			17			—			17
Other expenses		(34	)		182			(8	)		140
Total expenses		547			1,314			704			2,565
Earnings (loss) from discontinued operations before income taxes		230			(254	)		2,863			2,839
Income tax expense (benefit)		50			(124	)		403			329
Net earnings (loss) from discontinued operations, net of tax		180			(130	)		2,460			2,510
Net earnings attributable to noncontrolling interests		—			—			160			160
Net earnings (loss) from discontinued operations, attributable to Devon	$	180		$	(130	)	$	2,300		$	2,350

The following table presents the carrying amounts of the assets and liabilities associated with discontinued operations on the consolidated balance sheet as of December 31, 2019.

	As of December 31, 2019
	Barnett Shale		Canada		Total
Accounts receivable	$	38	$	1	$	39
Other current assets		5		2		7
Oil and gas property and equipment, based on    successful efforts accounting, net		751		—		751
Other property and equipment, net		11		—		11
Goodwill		88		—		88
Other long-term assets		—		81		81
Total assets associated with discontinued operations	$	893	$	84	$	977
Accounts payable	$	15	$	4	$	19
Revenues and royalties payable		44		3		47
Other current liabilities		19		233		252
Asset retirement obligations		141		—		141
Other long-term liabilities		16		169		185
Total liabilities associated with discontinued operations	$	235	$	409	$	644