Segment Information (Tables)

9 Months Ended

Sep. 30, 2014

Condensed Statements Of Comprehensive Earnings And Balance Sheets Of Reportable Segments



	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

- Definition

Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss.

+ References+ Details