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Abbott Laboratories (ABT)

Analysis of Inventory

Advanced level

Inventory Disclosure

Abbott Laboratories, balance sheet: inventory

US$ in millions

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Dec 31, 2019 Dec 31, 2018 Dec 31, 2017 Dec 31, 2016 Dec 31, 2015
Finished products 2,784  2,407  2,339  1,624  1,744 
Work in process 560  499  472  294  316 
Materials 972  890  790  516  539 
Inventories 4,316  3,796  3,601  2,434  2,599 

Based on: 10-K (filing date: 2020-02-21), 10-K (filing date: 2019-02-22), 10-K (filing date: 2018-02-16), 10-K (filing date: 2017-02-17), 10-K (filing date: 2016-02-19).

Item Description The company
Inventories Amount after valuation and LIFO reserves of inventory expected to be sold, or consumed within one year or operating cycle, if longer. Abbott Laboratories’s inventories increased from 2017 to 2018 and from 2018 to 2019.