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Bristol-Myers Squibb Co. (BMY)

Analysis of Inventory

High level of difficulty

Accounting Policy on Inventory

Inventories are stated at the lower of average cost or market.

Source: 10-K (filing date: 2019-02-25).

Inventory Disclosure

Bristol-Myers Squibb Co., balance sheet: inventory

US$ in millions

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Dec 31, 2018 Dec 31, 2017 Dec 31, 2016 Dec 31, 2015 Dec 31, 2014
Finished goods 396  384  310  381  500 
Work in process 1,026  931  988  646  856 
Raw and packaging materials 202  273  264  194  204 
Inventories 1,624  1,588  1,562  1,221  1,560 

Based on: 10-K (filing date: 2019-02-25), 10-K (filing date: 2018-02-13), 10-K (filing date: 2017-02-21), 10-K (filing date: 2016-02-12), 10-K (filing date: 2015-02-13).

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. Bristol-Myers Squibb Co.’s inventories increased from 2016 to 2017 and from 2017 to 2018.