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Consolidated Balance Sheets - USD ($)
$ in Millions
Dec. 31, 2022
Dec. 31, 2021
ASSETS    
Cash, cash equivalents and restricted cash $ 1,454 $ 2,271
Accounts receivable 1,767 1,543
Inventory 201 114
Other current assets 469 321
Total current assets 3,891 4,249
Oil and gas property and equipment, based on successful efforts accounting, net 16,567 13,536
Other property and equipment, net ($109 million and $111 million related to CDM in 2022 and 2021, respectively) [1] 1,539 1,472
Total property and equipment, net 18,106 15,008
Goodwill 753 753
Right-of-use assets 224 235
Investments 440 402
Other long-term assets 307 378
Total assets 23,721 21,025
LIABILITIES AND EQUITY    
Accounts payable 859 500
Revenues and royalties payable 1,506 1,456
Short-term debt 251 0
Other current liabilities 489 1,131
Total current liabilities 3,105 3,087
Long-term debt 6,189 6,482
Lease liabilities 257 252
Asset retirement obligations 511 468
Other long-term liabilities 900 1,050
Deferred income taxes 1,463 287
Stockholders' equity:    
Common stock, $0.10 par value. Authorized 1.0 billion shares; issued 653 million and 663 million shares in 2022 and 2021, respectively 65 66
Additional paid-in capital 6,921 7,636
Retained earnings 4,297 1,692
Accumulated other comprehensive loss (116) (132)
Total stockholders’ equity attributable to Devon 11,167 9,262
Noncontrolling interests 129 137
Total equity 11,296 9,399
Total liabilities and equity $ 23,721 $ 21,025
[1] $109 million and $111 million related to CDM in 2022 and 2021, respectively.