v3.25.4
Other Financial Information (Tables)
 12 Months Ended
Dec. 31, 2025
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Schedule of Other Financial Information
Other financial information is as follows:
Year ended December 31
202520242023
Total financing interest and debt costs$1,392 $773 $617 
Less: Capitalized interest175 179 148 
Interest and debt expense$1,217 $594 $469 
Research and development expenses$427 $353 $320 
Excess of replacement cost over the carrying value of inventories (LIFO method)
$4,808 $5,997 $6,455 
LIFO profits (losses) on inventory drawdowns included in earnings$(38)$(111)$14 
Foreign currency effects*
$(469)$520 $(224)
* Includes $(3), $45 and $(11) in 2025, 2024 and 2023, respectively, for the company’s share of equity affiliates’ foreign currency effects.