乐天堂fun88(中国区)官方网站 Corporation Annual report pursuant to Section 13 and 15(d)

Annual report pursuant to Section 13 and 15(d)

INVENTORIES

INVENTORIES

12 Months Ended

Dec. 31, 2013

INVENTORIES

听

INVENTORIES

4. INVENTORIES

听听听听听听听听Inventories consisted of the following (dollars in millions):

听	听	December听31,					听

听	听	2013		听	2012		听
Raw materials and supplies	听	$	433	听	$	484	听
Work in progress	听	听	92	听	听	98	听
Finished goods	听	听	1,290	听	听	1,311	听
听	听	听		听	听		听
Total	听	听	1,815	听	听	1,893	听
LIFO reserves	听	听	(74	)	听	(74	)
听	听	听		听	听		听
Net	听	$	1,741	听	$	1,819	听
听	听	听		听	听		听
听	听	听		听	听		听

听听听听听听听听For both December听31, 2013 and 2012, approximately 11% of inventories were recorded using the LIFO cost method.

- Definition

The entire disclosure for inventory. This may include, but is not limited to, the basis of stating inventory, the method of determining inventory cost, the major classes of inventory, and the nature of the cost elements included in inventory. If inventory is stated above cost, accrued net losses on firm purchase commitments for inventory and losses resulting from valuing inventory at the lower-of-cost-or-market may also be included. For LIFO inventory, may disclose the amount and basis for determining the excess of replacement or current cost over stated LIFO value and the effects of a LIFO quantities liquidation that impacts net income.

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