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Coca-Cola Co. (KO)


Analysis of Inventory

Difficulty: Advanced


Inventory Accounting Policy

Inventories consist primarily of raw materials and packaging (which include ingredients and supplies) and finished goods (which include concentrates and syrups in Coca-Cola’s concentrate operations and finished beverages in the finished product operations). Inventories are valued at the lower of cost or net realizable value. Coca-Cola determines cost on the basis of the average cost or first-in, first-out methods.

Source: 10-K (filing date: 2019-02-21).


Inventory Disclosure

Coca-Cola Co., Statement of Financial Position, Inventory

USD $ in millions

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Dec 31, 2018 Dec 31, 2017 Dec 31, 2016 Dec 31, 2015 Dec 31, 2014
Raw materials and packaging 1,862  1,729  1,565  1,564  1,615 
Finished goods 692  693  844  1,032  1,134 
Other 212  233  266  306  351 
Inventories 2,766  2,655  2,675  2,902  3,100 

Based on: 10-K (filing date: 2019-02-21), 10-K (filing date: 2018-02-23), 10-K (filing date: 2017-02-24), 10-K (filing date: 2016-02-25), 10-K (filing date: 2015-02-25).

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. Coca-Cola Co.’s inventories declined from 2016 to 2017 but then increased from 2017 to 2018 exceeding 2016 level.