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Debt and Interest Expense (Tables)
 6 Months Ended
Jun. 30, 2016
Debt Disclosure [Abstract]  
Debt Outstanding and Debt Activity Tables
The following summarizes the Company’s debt activity, after eliminating the effect of intercompany transactions, during the six months ended June 30, 2016:
 
Carrying Value
 
 
millions
WES
 
WGP(1)
 
Anadarko (2)
 
Anadarko Consolidated
 
Description
Balance at December 31, 2015
$
2,691

 
$
—

 
$
12,957

 
$
15,648

 
 
Issuances
—

 
—

 
794

 
794

 
4.850% Senior Notes due 2021
 
—

 
—

 
1,088

 
1,088

 
5.550% Senior Notes due 2026
 
—

 
—

 
1,088

 
1,088

 
6.600% Senior Notes due 2046
Borrowings
—

 
—

 
1,750

 
1,750

 
364-Day Facility
 
530

 
—

 
—

 
530

 
WES RCF
 
—

 
28

 
—

 
28

 
WGP RCF
Repayments
—

 
—

 
(1,749
)
 
(1,749
)
 
5.950% Senior Notes due 2016
 
—

 
—

 
(1,245
)
 
(1,245
)
 
6.375% Senior Notes due 2017
 
—

 
—

 
(1,750
)
 
(1,750
)
 
364-Day Facility
 
(290
)
 
—

 
—

 
(290
)
 
WES RCF
 
—

 
—

 
(250
)
 
(250
)
 
Commercial paper notes, net
 
—

 
—

 
(17
)
 
(17
)
 
TEUs - senior amortizing notes
Other, net
1

 
—

 
27

 
28

 
Amortization of discounts, premiums,
and debt issuance costs
Balance at June 30, 2016
$
2,932

 
$
28

 
$
12,693

 
$
15,653

 
 
__________________________________________________________________
(1) 
Excludes WES.
(2) 
Excludes WES and WGP.

The following summarizes the Company’s outstanding debt after eliminating the effect of intercompany transactions:
millions
WES
 
WGP(1)
 
Anadarko(2)
 
Anadarko Consolidated
June 30, 2016
 
 
 
 
 
 
 
Total borrowings at face value
$
2,960

 
$
28

 
$
14,325

 
$
17,313

Net unamortized discounts, premiums, and
debt issuance costs (3)
(28
)
 
—

 
(1,632
)
 
(1,660
)
Total borrowings
2,932

 
28

 
12,693

 
15,653

Capital lease obligation
—

 
—

 
20

 
20

Less short-term debt
—

 
—

 
32

 
32

Total long-term debt
$
2,932

 
$
28

 
$
12,681

 
$
15,641

 
 
 
 
 
 
 
 
December 31, 2015
 
 
 
 
 
 
 
Total borrowings at face value
$
2,720

 
$
—

 
$
14,592

 
$
17,312

Net unamortized discounts, premiums, and
debt issuance costs (3)
(29
)
 
—

 
(1,635
)
 
(1,664
)
Total borrowings
2,691

 
—

 
12,957

 
15,648

Capital lease obligation
—

 
—

 
20

 
20

Less short-term debt
—

 
—

 
32

 
32

Total long-term debt
$
2,691

 
$
—

 
$
12,945

 
$
15,636

__________________________________________________________________
(1) 
Excludes WES.
(2) 
Excludes WES and WGP.
(3) 
Unamortized discounts, premiums, and debt issuance costs are amortized over the term of the related debt. Debt issuance costs related to revolving credit facilities are included in other current assets and other assets on the Company’s Consolidated Balance Sheets.
Interest Expense Table
The following summarizes interest expense:
 
Three Months Ended 
 June 30,
 
Six Months Ended 
 June 30,
millions
2016
 
2015
 
2016
 
2015
Debt and other
$
259

 
$
244

 
$
517

 
$
498

Capitalized interest
(42
)
 
(43
)
 
(80
)
 
(81
)
Total interest expense
$
217

 
$
201

 
$
437

 
$
417