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Fair Value Measurements (Tables)
 12 Months Ended
Dec. 31, 2023
Fair Value Disclosures [Abstract]  
Schedule Of Carrying Value And Fair Value Measurement Information For Financial Assets And Liabilities

The following table provides carrying value and fair value measurement information for certain of Devon’s financial assets and liabilities. The carrying values of cash, restricted cash, accounts receivable, other current receivables, accounts payable, other current payables, accrued expenses and lease liabilities included in the accompanying consolidated balance sheets approximated fair value at December 31, 2023 and December 31, 2022, as applicable. Therefore, such financial assets and liabilities are not presented in the following table.

 

 

 

 

 

 

 

 

 

Fair Value Measurements Using:

 

 

 

Carrying

 

 

Total Fair

 

 

Level 1

 

 

Level 2

 

 

Level 3

 

 

 

Amount

 

 

Value

 

 

Inputs

 

 

Inputs

 

 

Inputs

 

December 31, 2023 assets (liabilities):

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Cash equivalents

 

$

306

 

 

$

306

 

 

$

306

 

 

$

—

 

 

$

—

 

Commodity derivatives

 

$

208

 

 

$

208

 

 

$

—

 

 

$

208

 

 

$

—

 

Commodity derivatives

 

$

(9

)

 

$

(9

)

 

$

—

 

 

$

(9

)

 

$

—

 

Debt

 

$

(6,155

)

 

$

(6,090

)

 

$

—

 

 

$

(6,090

)

 

$

—

 

Contingent earnout payments

 

$

55

 

 

$

55

 

 

$

—

 

 

$

—

 

 

$

55

 

December 31, 2022 assets (liabilities):

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Cash equivalents

 

$

708

 

 

$

708

 

 

$

708

 

 

$

—

 

 

$

—

 

Commodity derivatives

 

$

131

 

 

$

131

 

 

$

—

 

 

$

131

 

 

$

—

 

Commodity derivatives

 

$

(3

)

 

$

(3

)

 

$

—

 

 

$

(3

)

 

$

—

 

Debt

 

$

(6,440

)

 

$

(6,231

)

 

$

—

 

 

$

(6,231

)

 

$

—

 

Contingent earnout payments

 

$

157

 

 

$

157

 

 

$

—

 

 

$

—

 

 

$

157