

	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

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(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 senior 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.