AbbVie Inc. (ABBV)
Analysis of Inventory
Inventory Accounting Policy
Inventories are valued at the lower of cost (first-in, first-out basis) or market. Cost includes material and conversion costs.
Source: 10-K (filing date: 2019-02-27).
AbbVie Inc., Statement of Financial Position, Inventory
USD $ in millions
|Dec 31, 2018||Dec 31, 2017||Dec 31, 2016||Dec 31, 2015||Dec 31, 2014|
|Inventories||Amount after valuation and LIFO reserves of inventory expected to be sold, or consumed within one year or operating cycle, if longer.|