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Johnson & Johnson (JNJ)
Analysis of Inventory
Difficulty: Advanced
Inventory Accounting Policy
Inventories are stated at the lower of cost or net realizable value determined by the first-in, first-out method.
Source: 10-K (filing date: 2019-02-20).
Inventory Disclosure
Johnson & Johnson, Statement of Financial Position, Inventory
USD $ in millions
| Dec 30, 2018 | Dec 31, 2017 | Dec 31, 2016 | Dec 31, 2015 | Dec 28, 2014 | |||||||
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| Finished goods | |
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| Inventories | |
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Based on: 10-K (filing date: 2019-02-20), 10-K (filing date: 2018-02-21), 10-K (filing date: 2017-02-27), 10-K (filing date: 2016-02-24), 10-K (filing date: 2015-02-24).
| 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. | Johnson & Johnson’s inventories increased from 2016 to 2017 but then slightly declined from 2017 to 2018. |