DEBT AND FINANCING COSTS (Tables)

6 Months Ended

Jun. 30, 2013

Debt Disclosure [Abstract]

Non-Recurring Fair Value Measurement

The following table presents the carrying amounts and estimated fair values of the Company’s outstanding debt:

	June 30, 2013				December 31, 2012
	Carrying		Fair		Carrying		Fair
	Amount		Value		Amount		Value
	(In millions)
Uncommitted credit lines	$	78	$	78	$	91	$	91
Commercial paper		1,430		1,430		489		489
Notes and debentures		11,267		11,762		11,765		13,340
Total Debt	$	12,775	$	13,270	$	12,345	$	13,920

Financing Costs, Net

Financing Costs, Net

	For the Quarter Ended June 30,						For the Six Months Ended June 30,
	2013			2012			2013			2012
	(In millions)
Interest expense	$	143		$	131		$	291		$	239
Amortization of deferred loan costs		2			2			4			3
Capitalized interest		(90	)		(85	)		(183	)		(151	)
Interest income		(4	)		(3	)		(8	)		(6	)
Financing costs, net	$	51		$	45		$	104		$	85