Discontinued — last reported Q3 '20
Business Segments · LIFO inventory (charge) benefit
O&P - Americas — LIFO inventory (charge) benefit
Analysis
StatementSegment
CategoryProfitability
SignalContext dependent
VolatilityVolatile
First reportedQ3 2020
Last reportedQ3 2020
How to read this metric
A LIFO charge typically occurs during inflationary periods, while a benefit occurs when commodity prices decline.
Detailed definition
Represents the impact of the Last-In, First-Out (LIFO) inventory accounting method on the segment's cost of goods sold....
Peer comparison
Commonly used by US-based industrial companies to manage tax liabilities during commodity price cycles.
Metric ID:
lyb_segment_o_p_americas_lifo_inventory_charge_benefitSimilar Metrics at Other Companies
Frequently Asked Questions
- What does o&p - americas — lifo inventory (charge) benefit mean?
- The financial impact of using LIFO accounting to value inventory during periods of changing commodity prices.