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Restructuring and Transaction Costs (Tables)

12 Months Ended

Dec. 31, 2023

Restructuring and Related Activities [Abstract]

Schedule of Restructuring and Transaction Costs

The following table summarizes Devon’s restructuring and transaction costs.

		Year Ended December 31,
		2023				2022				2021
Restructuring costs		$	—			$	—			$	210
Transaction costs			—				—				48
Total costs		$	—			$	—			$	258

Schedule of the Activity and Balances Associated with Restructuring Liabilities

The following table summarizes Devon’s restructuring liabilities. The remaining restructuring liability as of December 31, 2023 primarily relates to obligations associated with an abandoned Canadian firm transportation agreement.

		Other				Other
		Current				Long-term
		Liabilities				Liabilities				Total
Balance as of December 31, 2021		$	38			$	111			$	149
Changes related to prior years' restructurings			(4	)			(30	)			(34	)
Balance as of December 31, 2022		$	34			$	81			$	115
Changes related to prior years' restructurings			(21	)			(9	)			(30	)
Balance as of December 31, 2023		$	13			$	72			$	85

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- Definition

Tabular disclosure of costs incurred for restructuring including, but not limited to, exit and disposal activities, remediation, implementation, integration, asset impairment, and charges against earnings from the write-down of assets.

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Tabular disclosure of an entity's restructuring reserve that occurred during the period associated with the exit from or disposal of business activities or restructurings for each major type of cost. This element may also include a description of any reversal and other adjustment made during the period to the amount of an accrued liability for restructuring activities. This element may be used to encapsulate the roll forward presentations of an entity's restructuring reserve by type of cost and in total, and explanation of changes that occurred in the period.

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