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Leases (Maturities of Lease Liabilities) (Details) - USD ($)
$ in Millions
Dec. 31, 2024
Dec. 31, 2023
Leases [Abstract]    
2025 $ 30  
2026 24  
2027 4  
2028 0  
2029 0  
Thereafter [1] 0  
Total lease payments 470  
Less: interest (152)  
Present value of lease liabilities [2] 318 $ 307
2025 55  
2026 49  
2027 29  
2028 24  
2029 22  
Thereafter [1] 349  
Total lease payments 58  
Less: interest (3)  
Present value of lease liabilities [2] 55 21
2025 25  
2026 25  
2027 25  
2028 24  
2029 22  
Thereafter [1] 349  
Total lease payments 528  
Less: interest (155)  
Present value of lease liabilities [2] $ 373 $ 328
[1] Devon has one real estate lease that contains a residual value guarantee. Under the lease terms, the residual value guarantee stipulates that if the lessor were to sell the leased property and receive sale proceeds less than 90% of the lease liability at the time of sale, Devon would be required to make a shortfall payment to the lessor for the difference.
[2] Devon has entered into certain leases of equipment related to the exploration, development and production of oil and gas that had terms not yet commenced as of December 31, 2024 and are therefore excluded from the amounts shown above.