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v3.23.2

Debt And Related Expenses (Tables) | 6 Months Ended
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Jun. 30, 2023
Debt Instrument [Line Items] |
Schedule Of Debt Instruments and Balances | See below for a summary of debt instruments and balances. The notes and debentures are senior, unsecured obligations of Devon.
|  | June 30, 2023 |  |  | December 31, 2022 |
8.25% due August 1, 2023 |  | $ | 242 |  |  | $ | 242 |
5.25% due September 15, 2024 |  |  | 472 |  |  |  | 472 |
5.85% due December 15, 2025 |  |  | 485 |  |  |  | 485 |
7.50% due September 15, 2027 |  |  | 73 |  |  |  | 73 |
5.25% due October 15, 2027 |  |  | 390 |  |  |  | 390 |
5.875% due June 15, 2028 |  |  | 325 |  |  |  | 325 |
4.50% due January 15, 2030 |  |  | 585 |  |  |  | 585 |
7.875% due September 30, 2031 |  |  | 675 |  |  |  | 675 |
7.95% due April 15, 2032 |  |  | 366 |  |  |  | 366 |
5.60% due July 15, 2041 |  |  | 1,250 |  |  |  | 1,250 |
4.75% due May 15, 2042 |  |  | 750 |  |  |  | 750 |
5.00% due June 15, 2045 |  |  | 750 |  |  |  | 750 |
Net premium on debentures and notes |  |  | 82 |  |  |  | 103 |
Debt issuance costs |  |  | (32 | ) |  |  | (26 | )
Total debt |  | $ | 6,413 |  |  | $ | 6,440 |
Less amount classified as short-term debt |  |  | 244 |  |  |  | 251 |
Total long-term debt |  | $ | 6,169 |  |  | $ | 6,189 |
Schedule Of Net Financing Cost Components | The following schedule includes the components of net financing costs.
|  | Three Months Ended June 30, |  |  | Six Months Ended June 30, |
|  | 2023 |  |  | 2022 |  |  | 2023 |  |  | 2022 |
Interest based on debt outstanding |  | $ | 96 |  |  | $ | 93 |  |  | $ | 189 |  |  | $ | 185 |
Interest income |  |  | (15 | ) |  |  | (2 | ) |  |  | (32 | ) |  |  | (3 | )
Other |  |  | (3 | ) |  |  | (7 | ) |  |  | (7 | ) |  |  | (13 | )
Total net financing costs |  | $ | 78 |  |  | $ | 84 |  |  | $ | 150 |  |  | $ | 169 |

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