v3.25.2
Debt And Related Expenses (Tables)
6 Months Ended
Jun. 30, 2025
Debt Instrument [Line Items]  
Schedule Of Debt Instruments and Balances

See below for a summary of debt instruments and balances. The notes, debentures and Term Loan reflected below are senior, unsecured obligations of Devon.

 

 

 

June 30, 2025

 

 

December 31, 2024

 

5.85% due December 15, 2025

 

$

485

 

 

$

485

 

7.50% due September 15, 2027

 

 

73

 

 

 

73

 

5.25% due October 15, 2027

 

 

390

 

 

 

390

 

5.875% due June 15, 2028

 

 

325

 

 

 

325

 

4.50% due January 15, 2030

 

 

585

 

 

 

585

 

7.875% due September 30, 2031

 

 

675

 

 

 

675

 

7.95% due April 15, 2032

 

 

366

 

 

 

366

 

5.20% due September 15, 2034

 

 

1,250

 

 

 

1,250

 

5.60% due July 15, 2041

 

 

1,250

 

 

 

1,250

 

4.75% due May 15, 2042

 

 

750

 

 

 

750

 

5.00% due June 15, 2045

 

 

750

 

 

 

750

 

5.75% due September 15, 2054

 

 

1,000

 

 

 

1,000

 

Term Loan due September 25, 2026

 

 

1,000

 

 

 

1,000

 

Net premium on debentures and notes

 

 

30

 

 

 

37

 

Debt issuance costs

 

 

(51

)

 

 

(53

)

Total debt

 

$

8,878

 

 

$

8,883

 

Less amount classified as short-term debt

 

 

485

 

 

 

485

 

Total long-term debt

 

$

8,393

 

 

$

8,398

 

Schedule Of Net Financing Cost Components

The following schedule includes the components of net financing costs.

 

 

 

Three Months Ended June 30,

 

 

Six Months Ended June 30,

 

 

 

2025

 

 

2024

 

 

2025

 

 

2024

 

Net financing costs:

 

 

 

 

 

 

 

 

 

 

 

 

Interest based on debt outstanding

 

$

126

 

 

$

88

 

 

$

253

 

 

$

175

 

Interest income

 

 

(14

)

 

 

(14

)

 

 

(24

)

 

 

(27

)

Other

 

 

4

 

 

 

2

 

 

 

10

 

 

 

4

 

Total net financing costs

 

$

116

 

 

$

76

 

 

$

239

 

 

$

152