Multiloop QED in the Euler-Heisenberg approach

I summarize what is known about the Euler-Heisenberg Lagrangian and its multiloop corrections for scalar and spinor QED, in various types of constant fields, and in various dimensions. Particular attention is given to the asymptotic properties of the weak-field expansion of the Lagrangian, which via Borel summation is related to Schwinger pair-creation, and the status of the “exponentiation conjecture” for the imaginary part of the Euler-Heisenberg to all loop orders.