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Consolidated Balance Sheets (USD $)
In Millions, unless otherwise specified
Sep. 30, 2014
Dec. 31, 2013
Current assets:    
Cash and cash equivalents $ 3,408 $ 6,066
Accounts receivable 2,009 1,520
Other current assets 556 419
Total current assets 5,973 8,005
Oil and gas, based on full-cost accounting:    
Subject to amortization 73,733 73,995
Not subject to amortization 3,642 2,791
Total oil and gas 77,375 76,786
Other 9,204 6,195
Total property and equipment, at cost 86,579 82,981
Less accumulated depreciation, depletion and amortization (51,410) (54,534)
Property and equipment, net 35,169 28,447
Goodwill 8,310 5,858
Other long-term assets 1,387 567
Total assets 50,839 42,877
Current liabilities:    
Accounts payable 1,344 1,229
Revenues and royalties payable 1,455 786
Short-term debt 1,898 [1] 4,066 [1]
Income taxes payable 651 1
Other current liabilities 646 573
Total current liabilities 5,994 6,655
Long-term debt 10,161 7,956
Asset retirement obligations 1,348 2,140
Other long-term liabilities 926 834
Deferred income taxes 5,642 4,793
Stockholders' equity:    
Common stock, $0.10 par value. Authorized 1.0 billion shares; issued 409 million and 406 million shares in 2014 and 2013, respectively 41 41
Additional paid-in capital 4,004 3,780
Retained earnings 17,138 15,410
Accumulated other comprehensive earnings 993 1,268
Total stockholders' equity attributable to Devon 22,176 20,499
Noncontrolling interests 4,592  
Total stockholders' equity 26,768 20,499
Commitments and contingencies (Note 17)      
Total liabilities and stockholders' equity $ 50,839 $ 42,877
[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.