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Consolidated Balance Sheets - USD ($)
$ in Millions
Sep. 30, 2023
Dec. 31, 2022
ASSETS    
Cash, cash equivalents and restricted cash $ 761 $ 1,454
Accounts receivable 1,853 1,767
Inventory 233 201
Other current assets 365 469
Total current assets 3,212 3,891
Oil and gas property and equipment, based on successful efforts accounting, net 17,563 16,567
Other property and equipment, net ($124 million and $109 million related to CDM in 2023 and 2022, respectively) [1] 1,468 1,539
Total property and equipment, net 19,031 18,106
Goodwill 753 753
Right-of-use assets 261 224
Investments 671 440
Other long-term assets 313 307
Total assets 24,241 23,721
LIABILITIES AND EQUITY    
Accounts payable 812 859
Revenues and royalties payable 1,434 1,506
Short-term debt 487 251
Other current liabilities 597 489
Total current liabilities 3,330 3,105
Long-term debt 5,675 6,189
Lease liabilities 290 257
Asset retirement obligations 641 511
Other long-term liabilities 850 900
Deferred income taxes 1,676 1,463
Stockholders' equity:    
Common stock, $0.10 par value. Authorized 1.0 billion shares; issued 641 million and 653 million shares in 2023 and 2022, respectively 64 65
Additional paid-in capital 6,153 6,921
Retained earnings 5,535 4,297
Accumulated other comprehensive loss (113) (116)
Total stockholders’ equity attributable to Devon 11,639 11,167
Noncontrolling interests 140 129
Total equity 11,779 11,296
Total liabilities and equity $ 24,241 $ 23,721
[1] $124 million and $109 million related to CDM in 2023 and 2022, respectively.