Name: Baxter International Inc. (NYSE:BAX) | Analysis of Inventory
Creator: Stock Analysis on Net

Analysis of Inventory

Inventory Disclosure

Inventory Disclosure

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Baxter International Inc., balance sheet: inventory

US$ in millions

	Dec 31, 2015	Dec 31, 2014	Dec 31, 2013	Dec 31, 2012	Dec 31, 2011
Raw materials	374)	910)	920)	765)	596)
Work in process	142)	1,126)	1,136)	898)	923)
Finished goods	1,088)	1,523)	1,443)	1,140)	1,109)
Inventories	1,604)	3,559)	3,499)	2,803)	2,628)

Based on: 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31).

Between 2011 and 2014, total inventories exhibited a consistent upward trend, increasing from $2,628 million to a peak of $3,559 million. However, the period ending December 31, 2015, saw a substantial contraction, with total inventories falling to $1,604 million, representing a decline of approximately 55% from the previous year's peak.

Raw Materials: Values rose steadily from $596 million in 2011 to $920 million in 2013. Following a period of relative stability in 2014, a sharp decrease to $374 million was recorded in 2015.
Work in Process: This category experienced growth from $923 million in 2011 to $1,126 million in 2014, despite a minor dip in 2012. A precipitous decline occurred in 2015, with values dropping to $142 million, marking the most significant proportional decrease among all inventory types.
Finished Goods: Finished goods showed a sustained increase from $1,109 million in 2011 to a high of $1,523 million in 2014. In 2015, a reduction to $1,088 million was observed, returning the balance to levels comparable to those seen in 2011.

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