Debt and Financing Costs (Tables)

9 Months Ended

Sep. 30, 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 September 30, 2016 and December 31, 2015:

	September 30, 2016				December 31, 2015
	Carrying Amount		Fair Value		Carrying Amount		Fair Value
	(In millions)
Commercial paper and committed bank facilities	$	—	$	—	$	—	$	—
Notes and debentures	8,722		9,429		8,717		8,330
Total Debt	$	8,722	$	9,429	$	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 September 30,						For the Nine Months Ended September 30,
	2016			2015			2016			2015
	(In millions)
Interest expense	$	116		$	120		$	348		$	371
Amortization of deferred loan costs	2			6			5			10
Capitalized interest	(13		)	(3		)	(36		)	(12		)
Loss on extinguishment of debt	—			39			—			39
Interest income	(3		)	(2		)	(6		)	(7		)
Financing costs, net	$	102		$	160		$	311		$	401