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Discontinued Operations (Tables) | 9 Months Ended
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Sep. 30, 2021
Discontinued Operations And Disposal Groups [Abstract] |
Summary of Amounts Reported as Discontinued Operations in the Consolidated Comprehensive Statements of Earnings and Carrying Amounts of Assets and Liabilities Classified as Held for Sale on the Consolidated Balance Sheets | The following table presents the amounts reported in the consolidated statements of comprehensive earnings as discontinued operations.
| Three Months Ended September 30, 2020 |  |  | Nine Months Ended September 30, 2020 |
Oil, gas and NGL sales | $ | 94 |  |  | $ | 263 |
Total revenues |  | 94 |  |  |  | 263 |
Production expenses |  | 66 |  |  |  | 214 |
Asset impairments (1) |  | 3 |  |  |  | 182 |
Asset dispositions |  | — |  |  |  | (2 | )
General and administrative expenses |  | 2 |  |  |  | 3 |
Financing costs, net |  | (1 | ) |  |  | (3 | )
Other, net |  | 26 |  |  |  | 19 |
Total expenses |  | 96 |  |  |  | 413 |
Loss from discontinued operations before income taxes |  | (2 | ) |  |  | (150 | )
Income tax benefit |  | (15 | ) |  |  | (47 | )
Net earnings (loss) from discontinued operations, net of tax | $ | 13 |  |  | $ | (103 | )
| (1) | Devon recognized $182 million of asset impairments in the first nine months of 2020 related to the Barnett Shale assets primarily due to the difference between the net carrying value and the purchase price, net of estimated customary purchase price adjustments, which qualified as a level 2 fair value measurement.

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