Share-Based Compensation (Tables)

3 Months Ended

Mar. 31, 2021

Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]

Schedule Of Share-Based Compensation Expense Included In The Consolidated Statements Of Comprehensive Earnings

	Three Months Ended March 31,
	2021		2020
G&A	$	20	$	20
Restructuring and transaction costs		21		—
Total	$	41	$	20

Summary Of Unvested Restricted Stock Awards, Performance-Based Restricted Stock Awards And Performance Share Units

						Performance-Based					Performance
	Restricted Stock Awards & Units					Restricted Stock Awards					Share Units
	Awards/Units			Weighted Average Grant-Date Fair Value		Awards			Weighted Average Grant-Date Fair Value		Units					Weighted Average Grant-Date Fair Value
	(Thousands, except fair value data)
Unvested at 12/31/20		5,316		$	25.82		44		$	44.70		1,994				$	31.89
Granted (1)		5,542		$	18.71		—		$	—		861				$	18.08
Vested		(4,329	)	$	22.63		(39	)	$	45.41		(754	)			$	37.40
Forfeited		(20	)	$	24.79		—		$	—		(25	)			$	36.04
Unvested at 3/31/21		6,509		$	21.89		5		$	38.54		2,076		(2	)	$	24.12

(1) Due to the closing of the Merger, each share of WPX common stock was automatically converted into the right to receive 0.5165 of a share of Devon common stock. As a result, approximately 4.9 million awards relate to the conversion of WPX equity awards to Devon equity awards.  

(2) A maximum of 4.2 million common shares could be awarded based upon Devon’s final TSR ranking.

Summary Of Performance Share Units Grant-Date Fair Values And Their Related Assumptions

	2021
Grant-date fair value	$	18.08
Risk-free interest rate	0.18%
Volatility factor	67.8%
Contractual term (years)	2.89

Summary of Unrecognized Compensation Cost And Weighted Average Period For Recognition

			Performance-Based
	Restricted Stock		Restricted Stock		Performance
	Awards/Units		Awards		Share Units
Unrecognized compensation cost	$	88	$	—	$	21
Weighted average period for recognition (years)		2.2		0.2		2.3