XML 61 R36.htm IDEA: XBRL DOCUMENT
v3.22.4

Other Financial Information | 12 Months Ended
--- | ---
Dec. 31, 2022
Organization, Consolidation and Presentation of Financial Statements [Abstract] |
Other Financial Information | Other Financial Information Earnings in 2022 included after-tax gains of approximately $390 relating to the sale of certain properties. Of this amount, approximately $90 and $300 related to downstream and upstream, respectively. Earnings in 2021 included after-tax gains of approximately $785 relating to the sale of certain properties, of which approximately $30 and $755 related to downstream and upstream assets, respectively. Earnings in 2020 included after-tax gains of approximately $765 relating to the sale of certain properties, of which approximately $30 and $735 related to downstream and upstream assets, respectively. Earnings in 2022 included after-tax charges of approximately $1,075 for impairments and other asset write-offs and $600 for an early contract termination in upstream, and $271 for pension settlement costs. Earnings in 2021 included after-tax charges of approximately $519 for pension settlement costs, $260 for early retirement of debt, $120 relating to upstream remediation and $110 relating to downstream legal reserves. Earnings in 2020 included after-tax charges of approximately $4,800 for impairments and other asset write-offs related to upstream.
Other financial information is as follows: |  |  |  |  |  |
| Year ended December 31
| 2022 |  |  | 2021 |  | 2020
Total financing interest and debt costs | $ | 630 |  |  |  | $ | 775 |  |  | $ | 735 |
Less: Capitalized interest | 114 |  |  |  | 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. The company has $4,722 in goodwill on the Consolidated Balance Sheet, of which $4,370 is in the upstream segment primarily related to the 2005 acquisition of Unocal and $352 is in the downstream segment. The company tested this goodwill for impairment during 2022, and no impairment was required.

X
- Definition The entire disclosures of supplemental information, including descriptions and amounts, related to the balance sheet, income statement, and/or cash flow statement. + References No definition available. + Details
Name: | us-gaap_AdditionalFinancialInformationDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_OrganizationConsolidationAndPresentationOfFinancialStatementsAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration