Chemours CC Inventory LIFO Reserve
Discontinued — last reported Q3 '16
Inventory LIFO Reserve at other companies
Segments
By geography
Other financials
Where this comes from
Reported directly by Chemours in its filing.
Tagged under the XBRL concept us-gaap:LIFOInventoryAmount.
The official record: Chemours’s 10-Q, filed November 7, 2016, on SEC EDGAR. View the filing →
Questions, answered.
- What does inventory LIFO reserve mean?
- This is the difference between the cost of inventory calculated using the FIFO or average cost method and the cost calculated using the LIFO method. It is used to adjust the LIFO-based inventory value to a current cost basis for analytical purposes. Investors use this to normalize earnings and inventory values when comparing companies that use different inventory accounting methods.