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Consolidated Balance Sheets - USD ($)
$ in Millions
Dec. 31, 2023
Dec. 31, 2022
ASSETS    
Cash, cash equivalents and restricted cash $ 875 $ 1,454
Accounts receivable 1,573 1,767
Inventory 249 201
Other current assets 460 469
Total current assets 3,157 3,891
Oil and gas property and equipment, based on successful efforts accounting, net 17,825 16,567
Other property and equipment, net ($136 million and $109 million related to CDM in 2023 and 2022, respectively) [1] 1,503 1,539
Total property and equipment, net 19,328 18,106
Goodwill 753 753
Right-of-use assets 267 224
Investments 666 440
Other long-term assets 319 307
Total assets 24,490 23,721
LIABILITIES AND EQUITY    
Accounts payable 760 859
Revenues and royalties payable 1,222 1,506
Short-term debt 483 251
Other current liabilities 484 489
Total current liabilities 2,949 3,105
Long-term debt 5,672 6,189
Lease liabilities 295 257
Asset retirement obligations 643 511
Other long-term liabilities 876 900
Deferred income taxes 1,838 1,463
Stockholders' equity:    
Common stock, $0.10 par value. Authorized 1.0 billion shares; issued 636 million and 653 million shares in 2023 and 2022, respectively 64 65
Additional paid-in capital 5,939 6,921
Retained earnings 6,195 4,297
Accumulated other comprehensive loss (124) (116)
Treasury stock, at cost, 0.3 million shares in 2023 (13)  
Total stockholders’ equity attributable to Devon 12,061 11,167
Noncontrolling interests 156 129
Total equity 12,217 11,296
Total liabilities and equity $ 24,490 $ 23,721
[1] $136 million and $109 million related to CDM in 2023 and 2022, respectively.