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Segment Information | 9 Months Ended
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Sep. 30, 2014
Segment Information [Abstract] |
Segment Information | 19. Segment Information Devon manages its operations through distinct operating segments, which are defined primarily by geographic areas. For financial reporting purposes, Devon aggregates its U.S. operating segments into one reporting segment due to the similar nature of the businesses. However, Devon's Canadian operating segment is reported as a separate reporting segment primarily due to the significant differences between the U.S. and Canadian regulatory environments. Devon’s U.S. and Canadian segments are both primarily engaged in oil and gas exploration and production activities. With the formation of EnLink in the first quarter of 2014, Devon considers EnLink to be an operating segment that is distinct from its existing operating segments. EnLink’s operations consist of midstream assets and operations located across the U.S. Additionally, EnLink has a management team that is primarily responsible for capital and resource allocation decisions. Therefore, EnLink is presented as a separate reporting segment. For the reporting periods prior to the formation of EnLink, Devon has reclassified, fro m its U.S. segment to the EnLink segment, all asset-level amounts related to the midstream assets that it contributed to EnLink Holdings.
|  | U.S. |  | Canada |  | EnLink |  | Eliminations |  | Total
|  | (In millions)
Three Months Ended September 30, 2014: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Revenues from external customers |  | $ | 4,199 |  | $ | 481 |  | $ | 656 |  | $ | — |  | $ | 5,336
Intersegment revenues |  | $ | — |  | $ | — |  | $ | 199 |  | $ | (199) |  | $ | —
Depreciation, depletion and amortization |  | $ | 655 |  | $ | 113 |  | $ | 74 |  | $ | — |  | $ | 842
Interest expense |  | $ | 95 |  | $ | 20 |  | $ | 14 |  | $ | (11) |  | $ | 118
Earnings (loss) before income taxes |  | $ | 1,461 |  | $ | 109 |  | $ | 84 |  | $ | — |  | $ | 1,654
Income tax expense (benefit) |  | $ | 557 |  | $ | 38 |  | $ | 18 |  | $ | — |  | $ | 613
Net earnings (loss) |  | $ | 904 |  | $ | 71 |  | $ | 66 |  | $ | — |  | $ | 1,041
Net earnings attributable to noncontrolling interests |  | $ | — |  | $ | — |  | $ | 25 |  | $ | — |  | $ | 25
Net earnings (loss) attributable to Devon |  | $ | 904 |  | $ | 71 |  | $ | 41 |  | $ | — |  | $ | 1,016
Capital expenditures |  | $ | 1,213 |  | $ | 335 |  | $ | 207 |  | $ | — |  | $ | 1,755
Three Months Ended September 30, 2013: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Revenues from external customers |  | $ | 1,687 |  | $ | 791 |  | $ | 236 |  | $ | — |  | $ | 2,714
Intersegment revenues |  | $ | — |  | $ | — |  | $ | 342 |  | $ | (342) |  | $ | —
Depreciation, depletion and amortization |  | $ | 444 |  | $ | 199 |  | $ | 48 |  | $ | — |  | $ | 691
Interest expense |  | $ | 94 |  | $ | 20 |  | $ | — |  | $ | (10) |  | $ | 104
Asset impairments |  | $ | 7 |  | $ | — |  | $ | — |  | $ | — |  | $ | 7
Earnings (loss) before income taxes |  | $ | 366 |  | $ | 219 |  | $ | 54 |  | $ | — |  | $ | 639
Income tax expense (benefit) |  | $ | 141 |  | $ | 50 |  | $ | 19 |  | $ | — |  | $ | 210
Net earnings (loss) |  | $ | 225 |  | $ | 169 |  | $ | 35 |  | $ | — |  | $ | 429
Capital expenditures |  | $ | 1,219 |  | $ | 437 |  | $ | 37 |  | $ | — |  | $ | 1,693
Nine Months Ended September 30, 2014: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Revenues from external customers |  | $ | 10,067 |  | $ | 1,671 |  | $ | 1,833 |  | $ | — |  | $ | 13,571
Intersegment revenues |  | $ | — |  | $ | — |  | $ | 672 |  | $ | (672) |  | $ | —
Depreciation, depletion and amortization |  | $ | 1,794 |  | $ | 419 |  | $ | 196 |  | $ | — |  | $ | 2,409
Interest expense |  | $ | 303 |  | $ | 61 |  | $ | 33 |  | $ | (31) |  | $ | 366
Earnings (loss) before income taxes |  | $ | 2,219 |  | $ | 1,310 |  | $ | 239 |  | $ | — |  | $ | 3,768
Income tax expense (benefit) |  | $ | 1,121 |  | $ | 517 |  | $ | 60 |  | $ | — |  | $ | 1,698
Net earnings (loss) |  | $ | 1,098 |  | $ | 793 |  | $ | 179 |  | $ | — |  | $ | 2,070
Net earnings attributable to noncontrolling interests |  | $ | 1 |  | $ | — |  | $ | 54 |  | $ | — |  | $ | 55
Net earnings (loss) attributable to Devon |  | $ | 1,097 |  | $ | 793 |  | $ | 125 |  | $ | — |  | $ | 2,015
Property and equipment, net |  | $ | 23,764 |  | $ | 6,882 |  | $ | 4,523 |  | $ | — |  | $ | 35,169
Total assets |  | $ | 30,533 |  | $ | 10,895 |  | $ | 9,528 |  | $ | (117) |  | $ | 50,839
Capital expenditures |  | $ | 9,748 |  | $ | 1,055 |  | $ | 491 |  | $ | — |  | $ | 11,294
Nine Months Ended September 30, 2013: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Revenues from external customers |  | $ | 5,033 |  | $ | 2,052 |  | $ | 688 |  | $ | — |  | $ | 7,773
Intersegment revenues |  | $ | — |  | $ | — |  | $ | 1,005 |  | $ | (1,005) |  | $ | —
Depreciation, depletion and amortization |  | $ | 1,287 |  | $ | 643 |  | $ | 139 |  | $ | — |  | $ | 2,069
Interest expense |  | $ | 284 |  | $ | 62 |  | $ | — |  | $ | (24) |  | $ | 322
Asset impairments |  | $ | 1,117 |  | $ | 843 |  | $ | — |  | $ | — |  | $ | 1,960
Earnings (loss) before income taxes |  | $ | 96 |  | $ | (559) |  | $ | 137 |  | $ | — |  | $ | (326)
Income tax expense (benefit) |  | $ | 10 |  | $ | (158) |  | $ | 49 |  | $ | — |  | $ | (99)
Net earnings (loss) |  | $ | 86 |  | $ | (401) |  | $ | 88 |  | $ | — |  | $ | (227)
Capital expenditures |  | $ | 3,477 |  | $ | 1,377 |  | $ | 173 |  | $ | — |  | $ | 5,027
December 31, 2013: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Property and equipment, net |  | $ | 18,201 |  | $ | 8,478 |  | $ | 1,768 |  | $ | — |  | $ | 28,447
Total assets |  | $ | 27,080 |  | $ | 13,560 |  | $ | 2,237 |  | $ | — |  | $ | 42,877

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- Definition The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 29 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8864-108599 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8933-108599 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 26 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8844-108599 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 10 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8538-108599 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8380-108599 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 34 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8981-108599 Reference 7: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 35 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8984-108599 Reference 8: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 41 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e9038-108599 Reference 9: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8906-108599 Reference 10: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 42 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e9054-108599 Reference 11: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 31 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8924-108599 Reference 12: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 40 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e9031-108599 Reference 13: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 33 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8971-108599 Reference 14: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 12 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8595-108599 + Details
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