v3.26.1
Debt And Related Expenses (Tables)
3 Months Ended
Mar. 31, 2026
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.

 

 

March 31, 2026

 

 

December 31, 2025

 

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

 

 

21

 

 

 

23

 

Debt issuance costs

 

 

(49

)

 

 

(48

)

Total debt

 

$

8,386

 

 

$

8,389

 

Less amount classified as short-term debt

 

 

999

 

 

 

998

 

Total long-term debt

 

$

7,387

 

 

$

7,391

 

Schedule Of Net Financing Cost Components

The following schedule includes the components of net financing costs.

 

 

Three Months Ended March 31,

 

 

 

2026

 

 

2025

 

Net financing costs:

 

 

 

 

 

 

Interest based on debt outstanding

 

$

118

 

 

$

127

 

Interest income

 

 

(14

)

 

 

(10

)

Other

 

 

5

 

 

 

6

 

Total net financing costs

 

$

109

 

 

$

123