DEBT AND FINANCING COSTS (Tables)

9 Months Ended

Sep. 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:

	September 30, 2013				December 31, 2012
	Carrying Amount		Fair Value		Carrying Amount		Fair Value
	(In millions)
Uncommitted credit lines	$	57	$	57	$	91	$	91
Commercial paper		—		—		489		489
Notes and debentures		10,868		11,258		11,765		13,340
Total Debt	$	10,925	$	11,315	$	12,345	$	13,920

Financing Costs, Net

Financing Costs, Net

	For the Quarter Ended September 30,						For the Nine Months Ended September 30,
	2013			2012			2013			2012
	(In millions)
Interest expense	$	146		$	132		$	437		$	371
Amortization of deferred loan costs		2			2			6			5
Capitalized interest		(93	)		(90	)		(276	)		(241	)
Interest income		(4	)		(4	)		(12	)		(10	)
Financing costs, net	$	51		$	40		$	155		$	125