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Debt (Tables)
 9 Months Ended
Sep. 30, 2018
Debt Disclosure [Abstract]  
Schedule or Debt Outstanding
The following summarizes the Company’s borrowing activity, after eliminating the effect of intercompany transactions, during the nine months ended September 30, 2018:
 
Carrying Value
 
 
millions
WES
 
WGP (1)
 
Anadarko (2)
 
Anadarko Consolidated
 
Description
Balance at December 31, 2017
$
3,465

 
$
28

 
$
11,965

 
$
15,458

 
 
Issuances


 

 


 


 
 
 
394

 
—

 
—

 
394

 
WES 4.500% Senior Notes due 2028
 
687

 
—

 
—

 
687

 
WES 5.300% Senior Notes due 2048
 
396

 
—

 
—

 
396

 
WES 4.750% Senior Notes due 2028
 
342

 
—

 
—

 
342

 
WES 5.500% Senior Notes due 2048
Borrowings


 


 

 


 
 
 
320

 
—

 
—

 
320

 
WES RCF
Repayments


 

 

 


 
 
 
(690
)
 
—

 
—

 
(690
)
 
WES RCF
 
—

 
—

 
(114
)
 
(114
)
 
7.050% Debentures due 2018
 
(350
)
 
—

 
—

 
(350
)
 
WES 2.600% Senior Notes due 2018
 
—

 
—

 
(17
)
 
(17
)
 
TEUs - senior amortizing notes
Other, net
2

 
—

 
39

 
41

 
Amortization of discounts, premiums, and debt issuance costs
Balance at September 30, 2018
$
4,566

 
$
28

 
$
11,873

 
$
16,467

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

10. Debt (Continued)

Debt  The following summarizes the Company’s outstanding debt, including capital lease obligations, after eliminating the effect of intercompany transactions:
millions
WES
 
WGP (1)
 
Anadarko (2)
 
Consolidated
September 30, 2018
 
 
 
 
 
 
 
Total borrowings at face value
$
4,620

 
$
28

 
$
13,383

 
$
18,031

Net unamortized discounts, premiums, and debt issuance costs (3)
(54
)
 
—

 
(1,510
)
 
(1,564
)
Total borrowings (4)
4,566

 
28

 
11,873

 
16,467

Capital lease obligations
—

 
—

 
226

 
226

Less short-term debt
—

 
28

 
910

 
938

Total long-term debt
$
4,566

 
$
—

 
$
11,189

 
$
15,755

 
 
 
 
 
 
 
 
December 31, 2017
 
 
 
 
 
 
 
Total borrowings at face value
$
3,490

 
$
28

 
$
13,514

 
$
17,032

Net unamortized discounts, premiums, and debt issuance costs (3)
(25
)
 
—

 
(1,549
)
 
(1,574
)
Total borrowings (4)
3,465

 
28

 
11,965

 
15,458

Capital lease obligations
—

 
—

 
231

 
231

Less short-term debt
—

 
—

 
142

 
142

Total long-term debt
$
3,465

 
$
28

 
$
12,054

 
$
15,547

__________________________________________________________________
(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 RCFs are included in other current assets and other assets on the Company’s Consolidated Balance Sheets.
(4) 
The Company’s outstanding borrowings, except for borrowings under the WGP RCF, are senior unsecured.