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Segment Information | 12 Months Ended
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Dec. 31, 2014
Segment Information [Abstract] |
Segment Information | 2 1.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, and certain information regarding such activities for each segment is included in Note 22. With the formation of EnLink in the first quarter of 2014, Devon considers EnLink, combined with the General Partner, 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, from its U.S. segment to the EnLink segment, all asset-level amounts related to the midstream assets that it contributed to EnLink.
|  | U.S. |  | Canada |  | EnLink |  | Eliminations |  | Total
|  | (In millions)
Year Ended December 31, 2014: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Revenues from external customers |  | $ | 14,862 |  | $ | 2,063 |  | $ | 2,641 |  | $ | - |  | $ | 19,566
Intersegment revenues |  | $ | - |  | $ | - |  | $ | 859 |  | $ | (859) |  | $ | -
Depreciation, depletion and amortization |  | $ | 2,479 |  | $ | 560 |  | $ | 280 |  | $ | - |  | $ | 3,319
Asset impairments |  | $ | 12 |  | $ | 1,941 |  | $ | - |  | $ | - |  | $ | 1,953
Gains and losses on asset sales |  | $ | 5 |  | $ | (1,077) |  | $ | - |  | $ | - |  | $ | (1,072)
Interest expense |  | $ | 441 |  | $ | 85 |  | $ | 54 |  | $ | (44) |  | $ | 536
Earnings (loss) before income taxes |  | $ | 4,388 |  | $ | (657) |  | $ | 328 |  | $ | - |  | $ | 4,059
Income tax expense |  | $ | 1,797 |  | $ | 495 |  | $ | 76 |  | $ | - |  | $ | 2,368
Net earnings (loss) |  | $ | 2,591 |  | $ | (1,152) |  | $ | 252 |  | $ | - |  | $ | 1,691
Net earnings attributable to noncontrolling interests |  | $ | 1 |  | $ | - |  | $ | 83 |  | $ | - |  | $ | 84
Net earnings (loss) attributable to Devon |  | $ | 2,590 |  | $ | (1,152) |  | $ | 169 |  | $ | - |  | $ | 1,607
Property and equipment, net |  | $ | 24,572 |  | $ | 6,790 |  | $ | 4,934 |  | $ | - |  | $ | 36,296
Total assets |  | $ | 32,147 |  | $ | 8,517 |  | $ | 10,097 |  | $ | (124) |  | $ | 50,637
Capital expenditures |  | $ | 11,245 |  | $ | 1,344 |  | $ | 970 |  | $ | - |  | $ | 13,559
Year Ended December 31, 2013: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Revenues from external customers |  | $ | 6,807 |  | $ | 2,656 |  | $ | 934 |  | $ | - |  | $ | 10,397
Intersegment revenues |  | $ | - |  | $ | - |  | $ | 1,362 |  | $ | (1,362) |  | $ | -
Depreciation, depletion and amortization |  | $ | 1,744 |  | $ | 849 |  | $ | 187 |  | $ | - |  | $ | 2,780
Asset impairments |  | $ | 1,133 |  | $ | 843 |  | $ | - |  | $ | - |  | $ | 1,976
Interest expense |  | $ | 392 |  | $ | 80 |  | $ | - |  | $ | (35) |  | $ | 437
Earnings (loss) before income taxes |  | $ | 495 |  | $ | (532) |  | $ | 186 |  | $ | - |  | $ | 149
Income tax expense (benefit) |  | $ | 258 |  | $ | (156) |  | $ | 67 |  | $ | - |  | $ | 169
Net earnings (loss) |  | $ | 237 |  | $ | (376) |  | $ | 119 |  | $ | - |  | $ | (20)
Property and equipment, net |  | $ | 18,201 |  | $ | 8,478 |  | $ | 1,768 |  | $ | - |  | $ | 28,447
Total assets |  | $ | 27,080 |  | $ | 13,560 |  | $ | 2,237 |  | $ | - |  | $ | 42,877
Capital expenditures |  | $ | 4,589 |  | $ | 1,841 |  | $ | 213 |  | $ | - |  | $ | 6,643
Year Ended December 31, 2012: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Revenues from external customers |  | $ | 6,098 |  | $ | 2,600 |  | $ | 803 |  | $ | - |  | $ | 9,501
Intersegment revenues |  | $ | - |  | $ | - |  | $ | 1,105 |  | $ | (1,105) |  | $ | -
Depreciation, depletion and amortization |  | $ | 1,679 |  | $ | 987 |  | $ | 145 |  | $ | - |  | $ | 2,811
Asset impairments |  | $ | 1,845 |  | $ | 163 |  | $ | 16 |  | $ | - |  | $ | 2,024
Interest expense |  | $ | 343 |  | $ | 82 |  | $ | - |  | $ | (19) |  | $ | 406
Earnings (loss) before income taxes |  | $ | (372) |  | $ | (73) |  | $ | 128 |  | $ | - |  | $ | (317)
Income tax expense (benefit) |  | $ | (143) |  | $ | (35) |  | $ | 46 |  | $ | - |  | $ | (132)
Net earnings (loss) |  | $ | (229) |  | $ | (38) |  | $ | 82 |  | $ | - |  | $ | (185)
Property and equipment, net |  | $ | 16,622 |  | $ | 8,955 |  | $ | 1,739 |  | $ | - |  | $ | 27,316
Total assets |  | $ | 22,050 |  | $ | 19,070 |  | $ | 2,206 |  | $ | - |  | $ | 43,326
Capital expenditures |  | $ | 6,159 |  | $ | 1,963 |  | $ | 352 |  | $ | - |  | $ | 8,474

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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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