Raytheon Co. (RTN)
Analysis of Inventory
Inventory Accounting Policy
Inventories are stated at the lower of its cost (first-in, first-out or average cost) or net realizable value. An impairment for excess or inactive inventory is recorded based upon an analysis that considers current inventory levels, historical usage patterns, future sales expectations and salvage value.
Source: 10-K (filing date: 2019-02-13).
Raytheon Co., Statement of Financial Position, Inventory
USD $ in millions
|Dec 31, 2018||Dec 31, 2017||Dec 31, 2016||Dec 31, 2015||Dec 31, 2014|
|Materials and purchased parts|
|Work 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.||Raytheon Co.’s inventories declined from 2016 to 2017 but then increased from 2017 to 2018 exceeding 2016 level.|