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v3.3.0.814

Segment Information (Tables) | 9 Months Ended
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Sep. 30, 2015
Segment Information [Abstract] |
Condensed Statements Of Comprehensive Earnings And Balance Sheets Of Reportable Segments |
|  | U.S.(1) |  | Canada |  | EnLink(1) |  | Eliminations |  | Total
|  | (Millions)
Three Months Ended September 30, 2015: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Revenues from external customers |  | $ | 2,381 |  | $ | 221 |  | $ | 999 |  | $ | - |  | $ | 3,601
Intersegment revenues |  | $ | - |  | $ | - |  | $ | 172 |  | $ | (172) |  | $ | -
Depreciation, depletion and amortization |  | $ | 510 |  | $ | 134 |  | $ | 100 |  | $ | - |  | $ | 744
Interest expense |  | $ | 96 |  | $ | 22 |  | $ | 31 |  | $ | (11) |  | $ | 138
Asset impairments |  | $ | 4,716 |  | $ | 336 |  | $ | 799 |  | $ | - |  | $ | 5,851
Loss before income taxes |  | $ | (4,464) |  | $ | (401) |  | $ | (758) |  | $ | - |  | $ | (5,623)
Income tax expense (benefit) |  | $ | (1,605) |  | $ | (116) |  | $ | 7 |  | $ | - |  | $ | (1,714)
Net loss |  | $ | (2,859) |  | $ | (285) |  | $ | (765) |  | $ | - |  | $ | (3,909)
Net loss attributable to noncontrolling interests |  | $ | - |  | $ | - |  | $ | (402) |  | $ | - |  | $ | (402)
Net loss attributable to Devon |  | $ | (2,859) |  | $ | (285) |  | $ | (363) |  | $ | - |  | $ | (3,507)
Capital expenditures |  | $ | 974 |  | $ | 108 |  | $ | 105 |  | $ | - |  | $ | 1,187
Three Months Ended September 30, 2014: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Revenues from external customers |  | $ | 4,197 |  | $ | 481 |  | $ | 658 |  | $ | - |  | $ | 5,336
Intersegment revenues |  | $ | - |  | $ | - |  | $ | 199 |  | $ | (199) |  | $ | -
Depreciation, depletion and amortization |  | $ | 654 |  | $ | 113 |  | $ | 75 |  | $ | - |  | $ | 842
Interest expense |  | $ | 95 |  | $ | 20 |  | $ | 14 |  | $ | (11) |  | $ | 118
Earnings before income taxes |  | $ | 1,463 |  | $ | 109 |  | $ | 82 |  | $ | - |  | $ | 1,654
Income tax expense |  | $ | 557 |  | $ | 38 |  | $ | 18 |  | $ | - |  | $ | 613
Net earnings |  | $ | 906 |  | $ | 71 |  | $ | 64 |  | $ | - |  | $ | 1,041
Net earnings attributable to noncontrolling interests |  | $ | - |  | $ | - |  | $ | 25 |  | $ | - |  | $ | 25
Net earnings attributable to Devon |  | $ | 906 |  | $ | 71 |  | $ | 39 |  | $ | - |  | $ | 1,016
Capital expenditures |  | $ | 1,211 |  | $ | 335 |  | $ | 209 |  | $ | - |  | $ | 1,755
Nine Months Ended September 30, 2015: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Revenues from external customers |  | $ | 6,570 |  | $ | 802 |  | $ | 2,887 |  | $ | - |  | $ | 10,259
Intersegment revenues |  | $ | - |  | $ | - |  | $ | 499 |  | $ | (499) |  | $ | -
Depreciation, depletion and amortization |  | $ | 1,817 |  | $ | 382 |  | $ | 289 |  | $ | - |  | $ | 2,488
Interest expense |  | $ | 271 |  | $ | 70 |  | $ | 76 |  | $ | (34) |  | $ | 383
Asset impairments |  | $ | 14,344 |  | $ | 336 |  | $ | 799 |  | $ | - |  | $ | 15,479
Loss before income taxes |  | $ | (14,450) |  | $ | (609) |  | $ | (667) |  | $ | - |  | $ | (15,726)
Income tax expense (benefit) |  | $ | (5,334) |  | $ | (129) |  | $ | 28 |  | $ | - |  | $ | (5,435)
Net loss |  | $ | (9,116) |  | $ | (480) |  | $ | (695) |  | $ | - |  | $ | (10,291)
Net earnings (loss) attributable to noncontrolling interests |  | $ | 1 |  | $ | - |  | $ | (370) |  | $ | - |  | $ | (369)
Net loss attributable to Devon |  | $ | (9,117) |  | $ | (480) |  | $ | (325) |  | $ | - |  | $ | (9,922)
Property and equipment, net |  | $ | 11,586 |  | $ | 5,623 |  | $ | 5,566 |  | $ | - |  | $ | 22,775
Total assets |  | $ | 17,436 |  | $ | 6,754 |  | $ | 10,274 |  | $ | (113) |  | $ | 34,351
Capital expenditures |  | $ | 3,205 |  | $ | 478 |  | $ | 777 |  | $ | - |  | $ | 4,460
Nine Months Ended September 30, 2014: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Revenues from external customers |  | $ | 10,065 |  | $ | 1,671 |  | $ | 1,835 |  | $ | - |  | $ | 13,571
Intersegment revenues |  | $ | - |  | $ | - |  | $ | 672 |  | $ | (672) |  | $ | -
Depreciation, depletion and amortization |  | $ | 1,791 |  | $ | 419 |  | $ | 199 |  | $ | - |  | $ | 2,409
Interest expense |  | $ | 303 |  | $ | 61 |  | $ | 33 |  | $ | (31) |  | $ | 366
Earnings before income taxes |  | $ | 2,224 |  | $ | 1,310 |  | $ | 234 |  | $ | - |  | $ | 3,768
Income tax expense |  | $ | 1,121 |  | $ | 517 |  | $ | 60 |  | $ | - |  | $ | 1,698
Net earnings |  | $ | 1,103 |  | $ | 793 |  | $ | 174 |  | $ | - |  | $ | 2,070
Net earnings attributable to noncontrolling interests |  | $ | 1 |  | $ | - |  | $ | 54 |  | $ | - |  | $ | 55
Net earnings attributable to Devon |  | $ | 1,102 |  | $ | 793 |  | $ | 120 |  | $ | - |  | $ | 2,015
Property and equipment, net |  | $ | 23,661 |  | $ | 6,882 |  | $ | 4,626 |  | $ | - |  | $ | 35,169
Total assets |  | $ | 30,431 |  | $ | 10,895 |  | $ | 9,630 |  | $ | (117) |  | $ | 50,839
Capital expenditures |  | $ | 9,724 |  | $ | 1,055 |  | $ | 515 |  | $ | - |  | $ | 11,294
Year Ended December 31, 2014: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Property and equipment, net |  | $ | 24,463 |  | $ | 6,790 |  | $ | 5,043 |  | $ | - |  | $ | 36,296
Total assets |  | $ | 32,037 |  | $ | 8,517 |  | $ | 10,207 |  | $ | (124) |  | $ | 50,637
____________________________
| (1) |  | Due to Devon’s control of EnLink through its control of the General Partner, the acquisition of VEX by EnLink from Devon in the second quarter of 2015 was considered a transfer of net assets between entities under common control, and EnLink was required to recast its financial statements as of September 30, 2015 to include the activities of such assets from the date of common control. Therefore, the results of VEX for prior periods have been moved from the U.S. segment to the EnLink segment.

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- 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 Reference 1: 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=51669610&loc=d3e8906-108599 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e8813-108599 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 21 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e8721-108599 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=35741047&loc=d3e13816-109267 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e8736-108599 + Details
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