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Consolidated Balance Sheets - USD ($)
$ in Millions
Mar. 31, 2023
Dec. 31, 2022
ASSETS    
Cash, cash equivalents and restricted cash $ 887 $ 1,454
Accounts receivable 1,615 1,767
Inventory 212 201
Other current assets 475 469
Total current assets 3,189 3,891
Oil and gas property and equipment, based on successful efforts accounting, net 16,932 16,567
Other property and equipment, net ($112 million and $109 million related to CDM in 2023 and 2022, respectively) [1] 1,583 1,539
Total property and equipment, net 18,515 18,106
Goodwill 753 753
Right-of-use assets 219 224
Investments 469 440
Other long-term assets 275 307
Total assets 23,420 23,721
LIABILITIES AND EQUITY    
Accounts payable 935 859
Revenues and royalties payable 1,266 1,506
Short-Term Debt 247 251
Other current liabilities 483 489
Total current liabilities 2,931 3,105
Long-term debt 6,175 6,189
Lease liabilities 256 257
Asset retirement obligations 546 511
Other long-term liabilities 866 900
Deferred income taxes 1,543 1,463
Stockholders' equity:    
Common stock, $0.10 par value. Authorized 1.0 billion shares; issued 645 million and 653 million shares in 2023 and 2022, respectively 64 65
Additional paid-in capital 6,344 6,921
Retained earnings 4,712 4,297
Accumulated other comprehensive loss (115) (116)
Treasury stock, at cost, 0.6 million shares in 2023 (28) 0
Total stockholders’ equity attributable to Devon 10,977 11,167
Noncontrolling interests 126 129
Total equity 11,103 11,296
Total liabilities and equity $ 23,420 $ 23,721
[1] $112 million and $109 million related to CDM in 2023 and 2022, respectively.