Discontinued Operations (Tables)

3 Months Ended

Mar. 31, 2021

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.

	Three Months Ended March 31, 2020
Oil, gas and NGL sales	$	92
Total revenues		92
Production expenses		74
Asset impairments (1)		179
General and administrative expenses		1
Financing costs, net		(2	)
Other, net		(3	)
Total expenses		249
Loss from discontinued operations before income taxes		(157	)
Income tax benefit		(32	)
Net loss from discontinued operations, net of tax	$	(125	)

(1) Devon recognized an $179 million asset impairment in the first quarter of 2020 related to the Barnett Shale assets primarily due to the difference between the net carrying value and the purchase price, net of estimated customary purchase price adjustments, which qualified as a level 2 fair value measurement.