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Analysis of Inventory
Inventory Accounting Policy
Inventories are stated at the lower of average cost or market.
Source: 10-K (filing date: 2018-02-13).
Bristol-Myers Squibb Co., Statement of Financial Position, Inventory
USD $ in millions
|Dec 31, 2017||Dec 31, 2016||Dec 31, 2015||Dec 31, 2014||Dec 31, 2013|
|Work in process|
|Raw and packaging materials|
|Inventories||Amount after valuation and LIFO reserves of inventory expected to be sold, or consumed within one year or operating cycle, if longer.||Bristol-Myers Squibb Co.’s inventories increased from 2015 to 2016 and from 2016 to 2017.|