CSX Corp. (CSX)
Analysis of Inventory
Difficulty: Advanced
Inventory Accounting Policy
Materials and supplies in the consolidated balance sheets are carried at average costs and consist primarily of fuel and parts used in the repair and maintenance of CSXT’s freight car and locomotive fleets, equipment and track structure.
Source: 10-K (filing date: 2019-02-06).
Inventory Disclosure
CSX Corp., Statement of Financial Position, Inventory
US$ in millions
| Dec 31, 2018 | Dec 31, 2017 | Dec 30, 2016 | Dec 25, 2015 | Dec 26, 2014 | |||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Materials and supplies | 263 | 372 | 407 | 350 | 273 |
Based on: 10-K (filing date: 2019-02-06), 10-K (filing date: 2018-02-07), 10-K (filing date: 2017-02-14), 10-K (filing date: 2016-02-10), 10-K (filing date: 2015-02-11).
| Item | Description | The company |
|---|---|---|
| Materials and supplies | Amount after valuation and LIFO reserves of inventory expected to be sold, or consumed within one year or operating cycle, if longer. | CSX Corp.’s materials and supplies declined from 2016 to 2017 and from 2017 to 2018. |