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Income Taxes (Tables)

9 Months Ended

Sep. 30, 2020

Income Tax Disclosure [Abstract]

Schedule Of Effective Income Tax Rate Reconciliation

The following table presents Devon’s total income tax expense (benefit) and a reconciliation of its effective income tax rate to the U.S. statutory income tax rate.

		Three Months Ended September 30,								Nine Months Ended September 30,
		2020				2019				2020				2019
Earnings (loss) from continuing operations before income taxes		$	(193	)		$	190			$	(2,980	)		$	(88	)
Current income tax expense (benefit)		$	(90	)		$	2			$	(199	)		$	1
Deferred income tax expense (benefit)			—				52				(311	)			2
Total income tax expense (benefit)		$	(90	)		$	54			$	(510	)		$	3
U.S. statutory income tax rate			21	%			21	%			21	%			21	%
State income taxes			0	%			6	%			1	%			(2	%)
Change in tax legislation			4	%			0	%			3	%			0	%
Unrecognized tax benefits			18	%			0	%			0	%			(2	%)
Other			0	%			1	%			(1	%)			(20	%)
Deferred tax asset valuation allowance			4	%			0	%			(7	%)			0	%
Effective income tax rate			47	%			28	%			17	%			(3	%)

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- References

No definition available.

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- Definition

Tabular disclosure of the reconciliation using percentage or dollar amounts of the reported amount of income tax expense attributable to continuing operations for the year to the amount of income tax expense that would result from applying domestic federal statutory tax rates to pretax income from continuing operations.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 12
-URI http://asc.fasb.org/extlink&oid=84230637&loc=d3e32687-109319

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