Microsoft Excel LibreOffice Calc

Lockheed Martin Corp. (NYSE:LMT)

Analysis of Inventory

Advanced level

Inventory Disclosure

Lockheed Martin Corp., balance sheet: inventory

US$ in millions

Microsoft Excel LibreOffice Calc
Dec 31, 2019 Dec 31, 2018 Dec 31, 2017 Dec 31, 2016 Dec 31, 2015
Materials, spares and supplies 532  446  —  —  — 
Work-in-process 2,783  2,161  —  —  — 
Finished goods 304  390  —  —  — 
Other inventories —  —  8,455  9,416  9,997 
Inventories 3,619  2,997  8,455  9,416  9,997 
Less: Customer advances and progress payments —  —  (3,968) (4,746) (5,035)
Inventories, net 3,619  2,997  4,487  4,670  4,962 

Based on: 10-K (filing date: 2020-02-07), 10-K (filing date: 2019-02-08), 10-K (filing date: 2018-02-06), 10-K (filing date: 2017-02-09), 10-K (filing date: 2016-02-24).

Item Description The company
Inventories, net Amount after valuation and LIFO reserves of inventory expected to be sold, or consumed within one year or operating cycle, if longer. Lockheed Martin Corp.’s inventories, net decreased from 2017 to 2018 but then slightly increased from 2018 to 2019.