The following information related to Exxon Mobil’s inventories is taken from its 2017 annual report. 3. Miscellaneous Financial Information In 2017, 2016, and 2015, net income included losses of S10 million, S295 million, and $186 million, respectively, attributable to the combined effects of LIFO inventory accumulations and drawdowns. The aggregate replacement cost of inventories was estimated to exceed their LIFO carrying values by $10.8 billion and $8.1 billion at December 31, 2017 and 2016, respectively. Crude oil, products, and merchandise as of year-end 2017 and 2016 consist of the following:
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