DEBT AND FINANCING COSTS (Tables)

6 Months Ended

Jun. 30, 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:

	June 30, 2014				December 31, 2013
	Carrying Amount		Fair Value		Carrying Amount		Fair Value
	(In millions)
Uncommitted credit lines	$	1	$	1	$	53	$	53
Notes and debentures		9,674		10,828		9,672		10,247
Total Debt	$	9,675	$	10,829	$	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 June 30,						For the Six Months Ended June 30,
	2014			2013			2014			2013
	(In millions)
Interest expense	$	124		$	141		$	248		$	287
Amortization of deferred loan costs		1			2			3			4
Capitalized interest		(90	)		(88	)		(185	)		(178	)
Interest income		—			(3	)		(4	)		(6	)
Financing costs, net	$	35		$	52		$	62		$	107