Analysis of Inventory
Inventory Disclosure
Kraft Foods Group Inc., balance sheet: inventory
US$ in millions
| Dec 27, 2014 | Dec 28, 2013 | Dec 29, 2012 | |||||
|---|---|---|---|---|---|---|---|
| Raw materials | 481) | 453) | 535) | ||||
| Work in process | 296) | 294) | 326) | ||||
| Finished product | 998) | 869) | 1,067) | ||||
| Inventories | 1,775) | 1,616) | 1,928) |
Based on: 10-K (reporting date: 2014-12-27), 10-K (reporting date: 2013-12-28), 10-K (reporting date: 2012-12-29).
Total inventory levels exhibited a notable fluctuation between 2012 and 2014, characterized by a significant contraction in 2013 followed by a moderate recovery in 2014. Aggregate inventories decreased from US$ 1,928 million in 2012 to US$ 1,616 million in 2013, before rising to US$ 1,775 million by the end of 2014.
- Raw Materials
- A decline of approximately 15.3% was observed between 2012 and 2013, with values falling from US$ 535 million to US$ 453 million. A subsequent increase to US$ 481 million occurred in 2014, though levels remained below the initial 2012 baseline.
- Work in Process
- Work in process inventories remained the most stable component of the overall inventory structure. After a decrease from US$ 326 million in 2012 to US$ 294 million in 2013, the value remained nearly constant at US$ 296 million in 2014.
- Finished Products
- Finished products constituted the largest portion of inventory throughout the period and experienced the highest volatility. Values dropped from US$ 1,067 million in 2012 to US$ 869 million in 2013, before recovering to US$ 998 million in 2014.
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