XML 82 R70.htm IDEA: XBRL DOCUMENT 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%