Abbott Laboratories (ABT)
Analysis of Inventory
Accounting Policy on Inventory
Inventories are stated at the lower of cost (first-in, first-out basis) or net realizable value. Cost includes material and conversion costs.
Source: 10-K (filing date: 2019-02-22).
Abbott Laboratories, balance sheet: inventory
US$ in millions
|Dec 31, 2018||Dec 31, 2017||Dec 31, 2016||Dec 31, 2015||Dec 31, 2014|
|Work in process||499||472||294||316||278|
|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 2016 to 2017 and from 2017 to 2018.|