Debt and Financing Costs (Tables)

6 Months Ended

Jun. 30, 2015

Debt Disclosure [Abstract]

Summary of Carrying Amounts and Estimated Fair Values

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

	June 30, 2015				December 31, 2014
	Carrying Amount		Fair Value		Carrying Amount		Fair Value
	(In millions)
Commercial paper and committed bank facilities		—		—		1,570		1,570
Notes and debentures		9,676		9,885		9,675		9,944
Total Debt	$	9,676	$	9,885	$	11,245	$	11,514

Components of Financing Costs, Net

Financing Costs, Net

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

	For the Quarter Ended						For the Six Months Ended
	June 30,						June 30,
	2015			2014			2015			2014
	(In millions)
Interest expense	$	123		$	124		$	251		$	248
Amortization of deferred loan costs		2			1			4			3
Capitalized interest		(59	)		(72	)		(117	)		(150	)
Interest income		(3	)		(1	)		(5	)		(4	)
Financing costs, net	$	63		$	52		$	133		$	97