XML 100 R42.htm IDEA: XBRL DOCUMENT
v3.20.4

Debt And Related Expenses (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2020
Debt Disclosure [Abstract] |
Schedule Of Debt Instruments and Balances | See below for a summary of debt instruments and balances. The notes and debentures are senior, unsecured obligations of Devon.
|  | December 31, 2020 |  |  | December 31, 2019 |
5.85% due December 15, 2025 |  | $ | 485 |  |  | $ | 485 |
7.50% due September 15, 2027 (1) |  |  | 73 |  |  |  | 73 |
7.875% due September 30, 2031 |  |  | 675 |  |  |  | 675 |
7.95% due April 15, 2032 |  |  | 366 |  |  |  | 366 |
5.60% due July 15, 2041 |  |  | 1,250 |  |  |  | 1,250 |
4.75% due May 15, 2042 |  |  | 750 |  |  |  | 750 |
5.00% due June 15, 2045 |  |  | 750 |  |  |  | 750 |
Net discount on debentures and notes |  |  | (20 | ) |  |  | (20 | )
Debt issuance costs |  |  | (31 | ) |  |  | (35 | )
Total long-term debt |  | $ | 4,298 |  |  | $ | 4,294 |
(1) | This instrument was assumed by Devon in April 2003 in conjunction with the merger with Ocean Energy. The fair value and effective rates of this note at the time assumed was $169 million and 6.5%. This instrument is the unsecured and unsubordinated obligation of Devon OEI Operating, L.L.C. and is guaranteed by Devon Energy Production Company, L.P. Each of these entities is a wholly-owned subsidiary of Devon.
Schedule of Debt Maturities | Debt maturities as of December 31, 2020, excluding debt issuance costs, premiums and discounts, are as follows:
|  | Total |
2021 |  | $ | — |
2022 |  |  | — |
2023 |  |  | — |
2024 |  |  | — |
2025 |  |  | 485 |
Thereafter |  |  | 3,864 |
Total |  | $ | 4,349 |
Schedule Of Net Financing Cost Components | The following schedule includes the components of net financing costs.
|  | Year Ended December 31, |
|  | 2020 |  |  | 2019 |  |  | 2018 |
Interest based on debt outstanding |  | $ | 259 |  |  | $ | 260 |  |  | $ | 287 |
Early retirement of debt |  |  | — |  |  |  | — |  |  |  | 312 |
Interest income |  |  | (12 | ) |  |  | (33 | ) |  |  | (32 | )
Other |  |  | 23 |  |  |  | 23 |  |  |  | 13 |
Total net financing costs |  | $ | 270 |  |  | $ | 250 |  |  | $ | 580 |

X
- References No definition available. + Details
Name: | us-gaap_DebtDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of interest income and expense, including, but not limited to, interest income and expense from investments, loans, and securities. + References No definition available. + Details
Name: | us-gaap_InterestIncomeAndInterestExpenseDisclosureTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of information pertaining to short-term and long-debt instruments or arrangements, including but not limited to identification of terms, features, collateral requirements and other information necessary to a fair presentation. + References No definition available. + Details
Name: | us-gaap_ScheduleOfDebtTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of maturity and sinking fund requirement for long-term debt. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 470 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6802200&loc=d3e1835-112601 + Details
Name: | us-gaap_ScheduleOfMaturitiesOfLongTermDebtTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration