Inventory Accounting Policy
Materials and supplies are carried at the lower of average cost or market.
Source: Union Pacific Corp., Annual Report
Materials and supplies are carried at the lower of average cost or market.
Source: Union Pacific Corp., Annual Report
You have visited 10 password protected pages for free. Others contain data covered by 
.
Sign Up Now to get full access to whole website and cut out all advertisements.
Union Pacific Corp., Statement of Financial Position, Inventory
USD $ in millions
| Dec 31, 2011 | Dec 31, 2010 | Dec 31, 2009 | Dec 31, 2008 | Dec 31, 2007 | ||
|---|---|---|---|---|---|---|
 |
Materials and supplies | |
|
|
|
|
|
Inventory, net | |
|
|
|
|
Source: Based on data from Union Pacific Corp. Annual Reports
| Item | Description | The company |
|---|---|---|
| Materials and supplies | Aggregated amount of unprocessed materials to be used in manufacturing or production process and supplies that will be consumed. | Union Pacific Corp.'s materials and supplies increased from 2009 to 2010 and from 2010 to 2011. |
| Inventory, net | 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). | Union Pacific Corp.'s inventory, net increased from 2009 to 2010 and from 2010 to 2011. |
May 24, 2012