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Other, Net | 12 Months Ended
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Dec. 31, 2024
Other Expenses [Abstract] |
Other, Net | 5. Other, Net The following table summarizes Devon’s other expenses (income) presented in the accompanying consolidated comprehensive statements of earnings.
|  | Year Ended December 31, |
|  | 2024 |  |  | 2023 |  |  | 2022 |
Estimated future obligation under a performance guarantee |  | $ | (28 | ) |  | $ | — |  |  | $ | (144 | )
Asset retirement obligation accretion |  |  | 39 |  |  |  | 29 |  |  |  | 25 |
Restructuring & transaction costs |  |  | 9 |  |  |  | — |  |  |  | — |
Other |  |  | 76 |  |  |  | 9 |  |  |  | 24 |
Total |  | $ | 96 |  |  | $ | 38 |  |  | $ | (95 | )
Devon has guaranteed performance through 2026 for a minimum volume commitment associated with assets divested in 2018. Due to improved commodity prices, market conditions, and performance by the purchaser of the assets, the purchaser was able to fully satisfy the performance obligation due in 2024, 2023 and 2022, as well as reimburse Devon for shortfall payments previously made on the purchasers’ behalf in 2021 and 2020. Additionally, at March 31, 2024 and March 31, 2022, Devon reduced the estimated future exposure of the performance guarantee resulting in a $28 million and $144 million benefit, respectively. Other is primarily comprised of accrued liabilities related to various royalty matters.

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- Definition The entire disclosure for other income or other expense items (both operating and nonoperating). Sources of nonoperating income or nonoperating expense that may be disclosed, include amounts earned from dividends, interest on securities, profits (losses) on securities, net and miscellaneous other income or income deductions. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 720 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/720/tableOfContent Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Name Accounting Standards Codification -Topic 610 -Publisher FASB -URI https://asc.fasb.org/610/tableOfContent + Details
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