Johnson & Johnson (JNJ)
Analysis of Inventory
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).
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|
|Raw materials and supplies|
|Goods in process|
|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.|