Kraft Heinz Co. (KHC)
Analysis of Inventory
Inventory Accounting Policy
Inventories are stated at the lower of cost or net realizable value. Kraft Heinz values inventories primarily using the average cost method.
Source: 10-K (filing date: 2019-06-07).
Kraft Heinz Co., Statement of Financial Position, Inventory
USD $ in millions
|Dec 29, 2018||Dec 30, 2017||Dec 31, 2016||Dec 31, 2015|
|Packaging and ingredients|
|Work in process|
|Inventories||Amount after valuation and LIFO reserves of inventory expected to be sold, or consumed within one year or operating cycle, if longer.||Kraft Heinz Co.’s inventories increased from 2016 to 2017 but then declined significantly from 2017 to 2018.|