DEBT AND FINANCING COSTS (Tables)

3 Months Ended

Mar. 31, 2014

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:

	March 31, 2014				December 31, 2013
	Carrying Amount		Fair Value		Carrying Amount		Fair Value
	(In millions)
Uncommitted credit lines	$	—	$	—	$	53	$	53
Notes and debentures		9,673		10,762		9,672		10,247
Total Debt	$	9,673	$	10,762	$	9,725	$	10,300

Components of Financing Costs, Net

Financing Costs, Net

The following table presents the components of Apache’s financing costs, net:

	For the Quarter Ended
	March 31,
	2014			2013
	(In millions)
Interest expense	$	124		$	146
Amortization of deferred loan costs		2			2
Capitalized interest		(95	)		(90	)
Interest income		(4	)		(3	)
Financing costs, net	$	27		$	55