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v3.21.2

Acquisition and Divestitures (Schedule of Preliminary Allocation of the Total Purchase Price) (Details) $ / shares in Units, $ in Millions |  | 9 Months Ended |
--- | --- | --- | ---
Jan. 07, 2021 shares | Sep. 30, 2021 USD ($) $ / shares shares | Dec. 31, 2020 shares
Consideration: |  |  |
Conversion of common stock into right to recieve per share | 0.5165 | 0.5165 |
Common stock, shares issued (in shares) | shares |  | 677,000,000 | 382,000,000
Total common equity consideration |  | $ 5,383 |
Share-based replacement awards |  | 49 |
Total consideration |  | 5,432 |
Assets acquired: |  |  |
Cash, cash equivalents and restricted cash |  | 344 |
Accounts receivable |  | 425 |
Other current assets |  | 49 |
Right-of-use assets |  | 38 |
Proved oil and gas property and equipment |  | 7,017 |
Unproved and properties under development |  | 2,362 |
Other property and equipment |  | 485 |
Investments |  | 400 |
Other long-term assets |  | 43 |
Total assets acquired |  | 11,163 |
Liabilities assumed: |  |  |
Accounts payable |  | 346 |
Revenue and royalties payable |  | 223 |
Other current liabilities |  | 454 |
Debt |  | 3,562 |
Lease liabilities |  | 38 |
Asset retirement obligations |  | 94 |
Deferred income taxes |  | 249 |
Other long-term liabilities |  | 765 |
Total liabilities assumed |  | 5,731 |
Net assets acquired |  | $ 5,432 |
WPX |  |  |
Consideration: |  |  |
WPX Common Stock outstanding | shares |  | 561,200,000 |
Devon and WPX Agreement [Member] |  |  |
Consideration: |  |  |
Conversion of common stock into right to recieve per share | 0.5165 |  |
Common stock, shares issued (in shares) | shares | 290,000,000 | 289,900,000 |
Devon closing price on January 7, 2021 | $ / shares |  | $ 18.57 |

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