Other Financial Information (Tables)

12 Months Ended

Dec. 31, 2023

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Schedule of Other Financial Information

Other financial information is as follows:
	Year ended December 31
	2023		2022		2021
Total financing interest and debt costs	$	617	$	630	$	775
Less: Capitalized interest	148		114		63
Interest and debt expense	$	469	$	516	$	712
Research and development expenses	$	320	$	268	$	268
Excess of replacement cost over the carrying value of inventories (LIFO method)	$	6,455	$	9,061	$	5,588
LIFO profits (losses) on inventory drawdowns included in earnings	$	14	$	122	$	35
Foreign currency effects*	$	(224)	$	669	$	306

* Includes $(11), $253 and $180 in 2023, 2022 and 2021, respectively, for the company’s share of equity affiliates’ foreign currency effects.