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Analysis of Inventory
Inventory Accounting Policy
Inventories are valued at the lower of cost (first-in, first-out basis) or market.
Source: 10-K (filing date: 2018-02-16).
AbbVie Inc., Statement of Financial Position, Inventory
USD $ in millions
|Dec 31, 2017||Dec 31, 2016||Dec 31, 2015||Dec 31, 2014||Dec 31, 2013|
|Inventories||Amount after valuation and LIFO reserves of inventory expected to be sold, or consumed within one year or operating cycle, if longer.||AbbVie Inc.'s inventories declined from 2015 to 2016 but then increased from 2016 to 2017 not reaching 2015 level.|