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v3.24.3

Debt And Related Expenses (Narrative) (Details) - USD ($) $ in Millions |  |  | 3 Months Ended | 9 Months Ended |  |
--- | --- | --- | --- | --- | --- | ---
Sep. 15, 2024 | Aug. 12, 2024 | Sep. 30, 2024 | Sep. 30, 2023 | Sep. 30, 2024 | Sep. 30, 2023 | Aug. 28, 2024 | Dec. 31, 2023
Debt Instrument [Line Items] |  |  |  |  |  |  |  |
Repayments of long-term debt |  |  | $ 472 | $ 242 | $ 472 | $ 242 |  |
Maturity date extension |  |  |  |  | In the first quarter of 2024, Devon exercised its option to extend the 2023 Senior Credit Facility maturity date from March 24, 2028 to March 24, 2029. |  |  |
Term Loan Credit Agreement [Member] |  |  |  |  |  |  |  |
Debt Instrument [Line Items] |  |  |  |  |  |  |  |
Aggregate Principal Amount |  | $ 2,000 |  |  |  |  |  |
Outstanding credit facility borrowings |  | 1,000 |  |  |  |  |  |
Debt-to-capitalization ratio |  |  | 0.267 |  | 0.267 |  |  |
Interest rate on the term loan |  |  | 6.33% |  | 6.33% |  |  |
Senior Credit Facility [Member] |  |  |  |  |  |  |  |
Debt Instrument [Line Items] |  |  |  |  |  |  |  |
Credit facility, borrowing capacity |  |  |  |  |  |  |  | $ 3,000
Outstanding credit facility borrowings |  |  | $ 0 |  | $ 0 |  |  |
Debt-to-capitalization ratio |  |  | 0.267 |  | 0.267 |  |  |
Outstanding letters of credit |  |  | $ 4 |  | $ 4 |  |  |
Senior Credit Facility [Member] | Maximum [Member] |  |  |  |  |  |  |  |
Debt Instrument [Line Items] |  |  |  |  |  |  |  |
Debt-to-capitalization ratio |  |  | 0.65 |  | 0.65 |  |  |
Tranche One [Member] | Term Loan Credit Agreement [Member] |  |  |  |  |  |  |  |
Debt Instrument [Line Items] |  |  |  |  |  |  |  |
Aggregate Principal Amount |  | 500,000 |  |  |  |  |  |
Tranche Two [Member] | Term Loan Credit Agreement [Member] |  |  |  |  |  |  |  |
Debt Instrument [Line Items] |  |  |  |  |  |  |  |
Aggregate Principal Amount |  | $ 1,500 |  |  |  |  |  |
5.2% due 2034 [Member] | Senior Notes [Member] |  |  |  |  |  |  |  |
Debt Instrument [Line Items] |  |  |  |  |  |  |  |
Issuance of Senior Long-Term Debt |  |  |  |  |  |  | $ 1,250 |
Debt interest rate, stated percentage |  |  |  |  |  |  | 5.20% |
5.75% due 2054 [Member] | Senior Notes [Member] |  |  |  |  |  |  |  |
Debt Instrument [Line Items] |  |  |  |  |  |  |  |
Issuance of Senior Long-Term Debt |  |  |  |  |  |  | $ 1,000 |
Debt interest rate, stated percentage |  |  |  |  |  |  | 5.75% |
5.25% due September 15, 2024 [Member] |  |  |  |  |  |  |  |
Debt Instrument [Line Items] |  |  |  |  |  |  |  |
Debt interest rate, stated percentage |  |  | 5.25% |  | 5.25% |  |  | 5.25%
5.25% due September 15, 2024 [Member] | Senior Notes [Member] |  |  |  |  |  |  |  |
Debt Instrument [Line Items] |  |  |  |  |  |  |  |
Repayments of long-term debt | $ 472 |  |  |  |  |  |  |
Debt interest rate, stated percentage | 5.25% |  |  |  |  |  |  |
8.25% due August 1, 2023 [Member] | Senior Notes [Member] |  |  |  |  |  |  |  |
Debt Instrument [Line Items] |  |  |  |  |  |  |  |
Repayments of long-term debt | $ 242 |  |  |  |  |  |  |
Debt interest rate, stated percentage | 8.25% |  |  |  |  |  |  |

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