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Analysis of Inventory

Difficulty: Advanced

Inventory Accounting Policy

Inventories are stated at the lower of weighted average cost or market. Physical inventory counts are taken on a regular basis in each retail store and long-term care pharmacy and a continuous cycle count process is the primary procedure used to validate the inventory balances on hand in each distribution center and mail facility to ensure that the amounts reflected in the accompanying consolidated financial statements are properly stated. During the interim period between physical inventory counts, CVS Health accrues for anticipated physical inventory losses on a location-by-location basis based on historical results and current trends.

Source: CVS Health Corp., Annual Report

Inventory Disclosure

CVS Health Corp., Statement of Financial Position, Inventory

USD $ in millions

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Dec 31, 2017 Dec 31, 2016 Dec 31, 2015 Dec 31, 2014 Dec 31, 2013
Inventories hidden hidden hidden hidden hidden

Source: Based on data from CVS Health Corp. Annual Reports

Item Description The company
Inventories Carrying amount (lower of cost or market) as of the balance sheet date of inventories less all valuation and other allowances. Excludes noncurrent inventory balances (expected to remain on hand past one year or one operating cycle, if longer). CVS Health Corp.'s inventories increased from 2015 to 2016 and from 2016 to 2017.