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Other Financial Information (Tables)
12 Months Ended
Dec. 31, 2022
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Schedule of Other Financial Information
Other financial information is as follows:
Year ended December 31
202220212020
Total financing interest and debt costs$630 $775 $735 
Less: Capitalized interest114 63 38 
Interest and debt expense$516 $712 $697 
Research and development expenses$268 $268 $435 
Excess of replacement cost over the carrying value of inventories (LIFO method)
$9,061 $5,588 $2,749 
LIFO profits (losses) on inventory drawdowns included in earnings$122 $35 $(147)
Foreign currency effects*
$669 $306 $(645)
* Includes $253, $180 and $(152) in 2022, 2021 and 2020, respectively, for the company’s share of equity affiliates’ foreign currency effects.