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DEBT AND FINANCING COSTS (Tables)
 3 Months Ended
Mar. 31, 2019
Debt Disclosure [Abstract]  
Schedule of Debt The following table presents the carrying value of the Company’s debt as of March 31, 2019 and December 31, 2018:
 
 
March 31, 2019
 
December 31, 2018
 
 
(In millions)
Notes and debentures before unamortized discount and debt issuance costs
 
$
8,299

 
$
8,299

Commercial paper
 
159

 
—

Finance lease obligations
 
68

 
40

Unamortized discount
 
(43
)
 
(44
)
Debt issuance costs
 
(50
)
 
(51
)
Total debt
 
8,433

 
8,244

Current maturities
 
(339
)
 
(151
)
Long-term debt
 
$
8,094

 
$
8,093
Components of Financing Costs, Net The following table presents the components of Apache’s financing costs, net:
 
 
For the Quarter Ended March 31,
 
 
2019
 
2018
 
 
(In millions)
Interest expense
 
$
107

 
$
112

Amortization of deferred loan costs
 
2

 
5

Capitalized interest
 
(8
)
 
(12
)
Interest income
 
(4
)
 
(6
)
Financing costs, net
 
$
97

 
$
99