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Share-Based Compensation (Tables)
 9 Months Ended
Sep. 30, 2015
Schedule Of The Effects Of Share-Based Compensation Included In The Consolidated Comprehensive Statements Of Earnings

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Nine Months Ended September 30,

 

 

 

2015

 

2014

 

 

 

 

 

 

 

 

 

 

 

(Millions)

Gross general and administrative expense for share-based compensation

 

$
182 

 

$
155 

 

Share-based compensation expense capitalized pursuant to the

 

 

 

 

 

 

 

 full cost method of accounting for oil and gas properties

 

$
48 

 

$
40 

 

Related income tax benefit

 

$
37 

 

$
34 

 

 

Summary Of Unvested Restricted Stock Awards and Units, Performance-Based Restricted Stock Awards And Performance Share Units

 

 

Restricted Stock

 

Performance-Based

 

Performance

 

 

Awards and Units

 

Restricted Stock Awards

 

Share Units

 

 

Awards and Units

 

 

 

Weighted Average Grant-Date Fair Value

 

Awards

 

 

 

Weighted Average Grant-Date Fair Value

 

Units

 

 

 

Weighted Average Grant-Date Fair Value

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(Thousands, except fair value data)

Unvested at 12/31/14

 
4,304 

 

 

$
60.85 

 
380 

 

 

$
59.41 

 
1,477 

 

 

$
70.90 

Granted

 
2,764 

 

 

$
63.61 

 
236 

 

 

$
62.02 

 
786 

 

 

$
84.14 

Vested

 
(1,025)

 

 

$
62.59 

 
(58)

 

 

$
61.33 

 
(337)

 

 

$
66.00 

Forfeited

 
(318)

 

 

$
61.72 

 
(29)

 

 

$
64.18 

 
(67)

 

 

$
79.20 

Unvested at 9/30/15

 
5,725 

 

 

$
61.82 

 
529 

 

 

$
60.10 

 
1,859 

 

(1)

$
76.17 

____________________________

(1) A maximum of 3.7 million common shares could be awarded based upon Devon’s final total shareholder return ranking relative to Devon’s peer group established under applicable award agreements.    

Summary Of Performance Share Units Grant-Date Fair Values And Their Related Assumptions

 

 

 

 

 

 

 

2015

 

 

 

 

 

 

Grant-date fair value

$
81.99 

-

$
85.05 

Risk-free interest rate
1.06% 

Volatility factor
26.2% 

Contractual term (years)
2.89 

 

Summary of Unrecognized Compensation Cost And Weighted Average Period For Recognition

 

 

 

 

 

 

 

 

 

 

 

 

Restricted Stock

 

Performance-Based

 

Performance

 

 

Awards and Units

 

Restricted Stock Awards

 

Share Units

Unrecognized compensation cost (millions)

 

$
234 

 

$
8 

 

$
53 

Weighted average period for recognition (years)

 

 
2.6 

 

 
2.8 

 

 
2.0 

 

General Partner And EnLink [Member]  
Summary of Unrecognized Compensation Cost And Weighted Average Period For Recognition

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

General Partner

 

EnLink

 

 

Restricted

 

Performance

 

Restricted

 

Performance

 

 

Incentive Units

 

Units

 

Incentive Units

 

Units

Unrecognized compensation cost (millions)

 

$
20 

 

$
3 

 

$
20 

 

$
3 

Weighted average period for recognition (years)

 

 
1.7 

 

 
2.3 

 

 
1.7 

 

 
2.3