AT&T Inc. (T) | Analysis of Inventory
Inventory Accounting Policy
Inventories, were $1,036 at December 31, 2012, and $1,188 at December 31, 2011. Wireless handsets and accessories, which are valued at the lower of cost or market (determined using current replacement cost) were $888 as of December 31, 2012, and $1,082 as of December 31, 2011. The remainder of AT&T's inventory includes new and reusable supplies and network equipment of local telephone operations, which are stated principally at average original cost, or specific costs in the case of large individual items. Inventories of AT&T's other subsidiaries are stated at the lower of cost or market.
Source: AT&T Inc., Annual Report
Inventory Disclosure
AT&T Inc., Statement of Financial Position, Inventory
USD $ in millions
| Dec 31, 2012 | Dec 31, 2011 | Dec 31, 2010 | Dec 31, 2009 | Dec 31, 2008 | ||
|---|---|---|---|---|---|---|
| Wireless handsets and accessories | 888 | 1,082 | 1,185 | 790 | 749 | |
| Supplies and network equipment | 148 | 106 | 118 | 95 | 113 | |
| Inventory | 1,036 | 1,188 | 1,303 | 885 | 862 |
Source: Based on data from AT&T Inc. Annual Reports
| Item | Description | The company |
|---|---|---|
| Inventory | Carrying amount (lower of cost or market) as of the balance sheet date of inventories less all valuation and other allowances. Excludes noncurrent inventory balances (expected to remain on hand past one year or one operating cycle, if longer). | AT&T Inc.'s inventory declined from 2010 to 2011 and from 2011 to 2012. |
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