XML 98 R79.htm IDEA: XBRL DOCUMENT v3.20.2
Discontinued Operations and Assets Held for Sale (Narrative) (Details)
$ in Millions, $ in Billions
1 Months Ended 3 Months Ended 6 Months Ended 12 Months Ended
Oct. 01, 2020
USD ($)
$ / bbl
$ / MMBTU
Mar. 31, 2020
USD ($)
Jun. 30, 2020
USD ($)
Mar. 31, 2020
USD ($)
Dec. 31, 2019
USD ($)
Sep. 30, 2019
USD ($)
Jun. 30, 2019
USD ($)
Jun. 30, 2019
CAD ($)
Jun. 30, 2020
USD ($)
Jun. 30, 2019
USD ($)
Dec. 31, 2019
USD ($)
Dec. 31, 2019
CAD ($)
Apr. 30, 2020
USD ($)
Income Statement Balance Sheet And Additional Disclosures By Disposal Groups Including Discontinued Operations [Line Items]                          
Asset impairments             $ 37   $ 179 $ 37      
Goodwill     $ 88   $ 88       88   $ 88    
Cash restricted for discontinued operations     195   380   370   195 370 380    
Gain recognized on sale of business, pre-tax     2       188   2 187      
Foreign currency translation adjustment [1]             1,237     $ 1,237      
Canadian Divestiture [Member]                          
Income Statement Balance Sheet And Additional Disclosures By Disposal Groups Including Discontinued Operations [Line Items]                          
Estimated cash abandonment charges per quarter                 6        
Barnett Shale [Member]                          
Income Statement Balance Sheet And Additional Disclosures By Disposal Groups Including Discontinued Operations [Line Items]                          
Asset impairments       $ 179 $ 748                
Goodwill     88           88        
Contingent payments valuation   $ 41                      
Cash restricted for discontinued operations     20           20        
Estimated cash abandonment charges per quarter                 $ 2        
Canadian Business Segment [Member]                          
Income Statement Balance Sheet And Additional Disclosures By Disposal Groups Including Discontinued Operations [Line Items]                          
Charge on early retirement of debt, cash retirement costs           $ 52              
Loss on early retirement of debt, noncash charges           6              
Canadian Business Segment [Member] | 4.00% due July 15, 2021 [Member] | Senior Notes [Member]                          
Income Statement Balance Sheet And Additional Disclosures By Disposal Groups Including Discontinued Operations [Line Items]                          
Long-term debt retired           $ 500              
Debt interest rate, stated percentage           4.00%              
Debt, maturity date           Jul. 15, 2021              
Canadian Business Segment [Member] | 3.25% due May 15, 2022 [Member] | Senior Notes [Member]                          
Income Statement Balance Sheet And Additional Disclosures By Disposal Groups Including Discontinued Operations [Line Items]                          
Long-term debt retired           $ 1,000              
Debt interest rate, stated percentage           3.25%              
Debt, maturity date           May 15, 2022              
BKV [Member] | Barnett Shale [Member]                          
Income Statement Balance Sheet And Additional Disclosures By Disposal Groups Including Discontinued Operations [Line Items]                          
Cash deposit received                         $ 170
Contingent earnout payment period                 The contingent payment period commences on January 1, 2021 and has a term of four years.        
Canadian Natural Resources Limited [Member] | Canadian Business Segment [Member]                          
Income Statement Balance Sheet And Additional Disclosures By Disposal Groups Including Discontinued Operations [Line Items]                          
Cash restricted for discontinued operations     $ 175           $ 175        
Proceeds from the sale of business             $ 2,600 $ 3.4     2,600 $ 3.4  
Gain recognized on sale of business, pre-tax                     223    
Gain recognized on sale of business, after-tax                     425    
Income taxes paid                 $ 175        
Foreign currency translation adjustment                     $ 1,200    
Scenario Forecast [Member] | BKV [Member] | Barnett Shale [Member]                          
Income Statement Balance Sheet And Additional Disclosures By Disposal Groups Including Discontinued Operations [Line Items]                          
Proceeds from the sale of business $ 570                        
Henry Hub gas price for contingent earnout payment upside | $ / MMBTU 2.75                        
WTI oil price for contingent earnout payment upside | $ / bbl 50                        
Scenario Forecast [Member] | Maximum [Member] | BKV [Member] | Barnett Shale [Member]                          
Income Statement Balance Sheet And Additional Disclosures By Disposal Groups Including Discontinued Operations [Line Items]                          
Contingent earnout payments $ 260                        
[1] In conjunction with the sale of substantially all of its oil and gas assets and operations in Canada, Devon released the cumulative translation adjustment as part of its gain on the disposition of its Canadian business. See Note 17 for additional details.