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Analysis of Inventory
Difficulty: Advanced
Inventory Accounting Policy
Inventories, which are included in "Other current assets" on AT&T’s consolidated balance sheets, were $2,225 at December 31, 2017, and $2,039 at December 31, 2016. Wireless devices and accessories, which are valued at the lower of cost or net realizable value, were $2,160 at December 31, 2017, and $1,951 at December 31, 2016.
Source: 10-K (filing date: 2018-02-20).
Inventory Disclosure
AT&T Inc., Statement of Financial Position, Inventory
USD $ in millions
| Dec 31, 2017 | Dec 31, 2016 | Dec 31, 2015 | Dec 31, 2014 | Dec 31, 2013 | |||||||
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| Wireless devices and accessories | |
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Based on: 10-K (filing date: 2018-02-20), 10-K (filing date: 2017-02-17), 10-K (filing date: 2016-02-18), 10-K (filing date: 2015-02-20), 10-K (filing date: 2014-02-21).
| Item | Description | The company |
|---|---|---|
| Inventory | Amount after valuation and LIFO reserves of inventory expected to be sold, or consumed within one year or operating cycle, if longer. | AT&T Inc.’s inventory declined from 2015 to 2016 but then slightly increased from 2016 to 2017. |