Debt and Financing Costs (Tables)

9 Months Ended

Sep. 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:

	September 30, 2014				December 31, 2013
	Carrying		Fair		Carrying		Fair
	Amount		Value		Amount		Value
	(In millions)
Uncommitted credit lines	$	20	$	20	$	53	$	53
Commercial paper		1,228		1,228		—		—
Notes and debentures		9,674		10,463		9,672		10,247
Total Debt	$	10,922	$	11,711	$	9,725	$	10,300

Components of Financing Costs, Net

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

	For the Quarter Ended						For the Nine Months Ended
	September 30,						September 30,
	2014			2013			2014			2013
	(In millions)
Interest expense	$	126		$	142		$	374		$	429
Amortization of deferred loan costs		2			2			5			6
Capitalized interest		(85	)		(91	)		(270	)		(268	)
Interest income		(2	)		(3	)		(6	)		(10	)
Financing costs, net	$	41		$	50		$	103		$	157