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Other Financial Information (Tables) | 12 Months Ended
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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.

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