XML 18 R3.htm IDEA: XBRL DOCUMENT v3.23.2
Consolidated Balance Sheets - USD ($)
$ in Millions
Jun. 30, 2023
Dec. 31, 2022
ASSETS    
Cash, cash equivalents and restricted cash $ 488 $ 1,454
Accounts receivable 1,519 1,767
Inventory 201 201
Other current assets 397 469
Total current assets 2,605 3,891
Oil and gas property and equipment, based on successful efforts accounting, net 17,317 16,567
Other property and equipment, net ($112 million and $109 million related to CDM in 2023 and 2022, respectively) [1] 1,446 1,539
Total property and equipment, net 18,763 18,106
Goodwill 753 753
Right-of-use assets 266 224
Investments 675 440
Other long-term assets 293 307
Total assets 23,355 23,721
LIABILITIES AND EQUITY    
Accounts payable 843 859
Revenues and royalties payable 1,199 1,506
Short-Term Debt 244 251
Other current liabilities 383 489
Total current liabilities 2,669 3,105
Long-term debt 6,169 6,189
Lease liabilities 299 257
Asset retirement obligations 548 511
Other long-term liabilities 858 900
Deferred income taxes 1,662 1,463
Stockholders' equity:    
Common stock, $0.10 par value. Authorized 1.0 billion shares; issued 645 million and 653 million shares in 2023 and 2022, respectively 64 65
Additional paid-in capital 6,131 6,921
Retained earnings 4,940 4,297
Accumulated other comprehensive loss (114) (116)
Total stockholders’ equity attributable to Devon 11,021 11,167
Noncontrolling interests 129 129
Total equity 11,150 11,296
Total liabilities and equity $ 23,355 $ 23,721
[1] $117 million and $109 million related to CDM in 2023 and 2022, respectively.