Debt and Financing Costs (Tables)

3 Months Ended

Mar. 31, 2016

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 as of March 31, 2016 and December 31, 2015:

	March 31, 2016				December 31, 2015
	Carrying Amount		Fair Value		Carrying Amount		Fair Value
	(In millions)
Commercial paper and committed bank facilities	$	—	$	—	$	—	$	—
Notes and debentures	8,719		8,561		8,717		8,330
Total Debt	$	8,719	$	8,561	$	8,717	$	8,330

Components of Financing Costs, Net

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

	For the Quarter Ended March 31,
	2016			2015
	(In millions)
Interest expense	$	116		$	128
Amortization of deferred loan costs	1			2
Capitalized interest	(26		)	(58		)
Interest income	(1		)	(3		)
Financing costs, net	$	90		$	69