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Debt (Tables) | 9 Months Ended
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Sep. 30, 2014
Debt Instrument [Line Items] |
Schedule Of Debt Instruments |
| September 30, 2014 |  | December 31, 2013
| (In millions)
Devon debt |  |  |  |  |
Commercial paper | $ | - |  | $ | 1,317
5.625% due January 15, 2014 |  | - |  |  | 500
Floating rate due December 15, 2015 |  | 500 |  |  | 500
2.40% due July 15, 2016 |  | 500 |  |  | 500
Floating rate due December 15, 2016 |  | 350 |  |  | 350
1.20% due December 15, 2016 |  | 650 |  |  | 650
1.875% due May 15, 2017 |  | 750 |  |  | 750
8.25% due July 1, 2018 |  | 125 |  |  | 125
2.25% due December 15, 2018 |  | 750 |  |  | 750
6.30% due January 15, 2019 |  | 700 |  |  | 700
4.00% due July 15, 2021 |  | 500 |  |  | 500
3.25% due May 15, 2022 |  | 1,000 |  |  | 1,000
7.50% due September 15, 2027 |  | 150 |  |  | 150
7.875% due September 30, 2031 |  | 1,250 |  |  | 1,250
7.95% due April 15, 2032 |  | 1,000 |  |  | 1,000
5.60% due July 15, 2041 |  | 1,250 |  |  | 1,250
4.75% due May 15, 2042 |  | 750 |  |  | 750
Net discount on debentures and notes |  | (20) |  |  | (20)
Total Devon debt |  | 10,205 |  |  | 12,022
EnLink debt |  |  |  |  |
Credit facilities |  | 451 |  |  | -
Other borrowings |  | 27 |  |  | -
2.70% due April 1, 2019 |  | 400 |  |  | -
7.125% due June 1, 2022 |  | 163 |  |  | -
4.40% due April 1, 2024 |  | 450 |  |  | -
5.60% due April 1, 2044 |  | 350 |  |  | -
Net premium on debentures and notes |  | 13 |  |  | -
Total EnLink debt |  | 1,854 |  |  | -
Total debt |  | 12,059 |  |  | 12,022
Less amount classified as short-term debt (1) |  | 1,898 |  |  | 4,066
Total long-term debt | $ | 10,161 |  | $ | 7,956
___________________
| (1) |  | Short-term debt as of September 30, 2014 consists of $1.9 billion of senior notes that Devon intends to redeem in the fourth quarter of 2014 prior to their scheduled maturity date. The redemption includes the 2.4% $500 million sen ior note due 2016, the 1.2% $650 million senior note due 2016 and the 1.875% $750 million senior note due 2017 plus unpaid interest and a make-whole premium. The debt will be repaid with funds received as part of the divestiture program discussed in Note 2.
Short-term debt as of December 31, 2013 consists of $2.25 billion of senior notes issued in conjunction with the GeoSouthern acquisition, $1.3 billion of commercial paper and $500 million of senior notes due January 15, 2014. Subsequent to the close of the GeoSouthern acquisition the $2.25 billion of senior notes were reclassified to long-term debt.
EnLink [Member] |
Debt Instrument [Line Items] |
Schedule Of Debt Instruments |
| March 7, 2014 Fair Value of Debt |  | Effective Rate of Debt
| (In millions) |  |
8.875% due February 15, 2018 (principal of $725 million) (1) | $ | 760 |  | 7.7%
7.125% due June 1, 2022 (principal of $197 million) |  | 226 |  | 5.3%
Credit facilities |  | 468 |  |
Total long-term debt | $ | 1,454 |  |
___________________
| (1) |  | The 2018 senior notes were redeemed on April 18, 2014.

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- Definition Tabular disclosure of information pertaining to short-term and long-debt instruments or arrangements, including but not limited to identification of terms, features, collateral requirements and other information necessary to a fair presentation. + References No definition available. + Details
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