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Analysis of Inventory
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: 2018-02-07).
CSX Corp., Statement of Financial Position, Inventory
USD $ in millions
|Dec 31, 2017||Dec 30, 2016||Dec 25, 2015||Dec 26, 2014||Dec 27, 2013|
|Materials and supplies|
|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 increased from 2015 to 2016 but then slightly declined from 2016 to 2017 not reaching 2015 level.|