XML 36 R2.htm IDEA: XBRL DOCUMENT v3.22.0.1
Consolidated Statements of Comprehensive Earnings - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Revenues from contracts with customers $ 13,750 $ 4,673 $ 6,674
Oil, gas and NGL derivatives (1,544) 155 (454)
Total revenues 12,206 4,828 6,220
Production expenses 2,131 1,123 1,197
Exploration expenses 14 167 58
Depreciation, depletion and amortization 2,158 1,300 1,497
Asset impairments   2,693  
Asset dispositions (168) (1) (48)
General and administrative expenses 391 338 475
Financing costs, net 329 270 250
Restructuring and transaction costs 258 49 84
Other, net (43) (34) 4
Total expenses 9,308 7,918 6,329
Earnings (loss) from continuing operations before income taxes 2,898 (3,090) (109)
Income tax expense (benefit) 65 (547) (30)
Net earnings (loss) from continuing operations 2,833 (2,543) (79)
Net loss from discontinued operations, net of income taxes   (128) (274)
Net earnings (loss) 2,833 (2,671) (353)
Net earnings attributable to noncontrolling interests 20 9 2
Net earnings (loss) attributable to Devon $ 2,813 $ (2,680) $ (355)
Basic net earnings (loss) per share:      
Basic earnings (loss) from continuing operations per share $ 4.20 $ (6.78) $ (0.21)
Basic loss from discontinued operations per share   (0.34) (0.68)
Basic net earnings (loss) per share 4.20 (7.12) (0.89)
Diluted net earnings (loss) per share:      
Diluted earnings (loss) from continuing operations per share 4.19 (6.78) (0.21)
Diluted loss from discontinued operations per share   (0.34) (0.68)
Diluted net earnings (loss) per share $ 4.19 $ (7.12) $ (0.89)
Comprehensive earnings (loss):      
Net earnings (loss) $ 2,833 $ (2,671) $ (353)
Other comprehensive earnings (loss), net of tax:      
Foreign currency translation, discontinued operations     78
Release of Canadian cumulative translation adjustment, discontinued operations [1]     (1,237)
Pension and postretirement plans (5) (8) 13
Other comprehensive loss, net of tax (5) (8) (1,146)
Comprehensive earnings (loss): 2,828 (2,679) (1,499)
Comprehensive earnings attributable to noncontrolling interests 20 9 2
Comprehensive earnings (loss) attributable to Devon 2,808 (2,688) (1,501)
Oil, Gas and NGL Sales [Member]      
Revenues from contracts with customers 9,531 2,695 3,809
Marketing and Midstream Revenues [Member]      
Revenues from contracts with customers 4,219 1,978 2,865
Marketing and Midstream Expenses [Member]      
Expenses $ 4,238 $ 2,013 $ 2,812
[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 19 for additional details.