Debt and Financing Costs (Tables)

9 Months Ended

Sep. 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:

	September 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		8,777		8,829		9,675		9,944
Total Debt	$	8,777	$	8,829	$	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 September 30,						For the Nine Months Ended September 30,
	2015			2014			2015			2014
	(In millions)
Interest expense	$	120		$	125		$	371		$	373
Amortization of deferred loan costs		6			2			10			5
Capitalized interest		(56	)		(66	)		(173	)		(216	)
Loss on extinguishment of debt		39			—			39			—
Interest income		(2	)		(1	)		(7	)		(5	)
Financing costs, net	$	107		$	60		$	240		$	157