Stryker Corp. (SYK)
Analysis of Inventory
High level of difficulty
Accounting Policy on Inventory
Inventories are stated at the lower of cost or market, with cost generally determined using the first-in, first-out (FIFO) cost method. For excess and obsolete inventory resulting from the potential inability to sell specific products at prices in excess of current carrying costs, reserves are maintained to reduce current carrying cost to market prices.
Source: 10-K (filing date: 2019-02-07).
Stryker Corp., balance sheet: inventory
US$ in millions
|Dec 31, 2018||Dec 31, 2017||Dec 31, 2016||Dec 31, 2015||Dec 31, 2014|
|Materials and supplies|
|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.||Stryker Corp.’s inventories increased from 2016 to 2017 and from 2017 to 2018.|