Financial Statement Information Inventories (Policies)

3 Months Ended

Mar. 31, 2020

Inventory [Abstract]

Inventory, Policy [Policy Text Block]

Inventories

Inventories consist of the following (in thousands):

	March 31,		December 31,
	2020		2019
Aftermarket and refurbished products	$	2,254,953	$	2,297,895
Salvage and remanufactured products	436,132		447,908
Manufactured products	27,545		26,974
Total inventories	$	2,718,630	$	2,772,777

Aftermarket and refurbished products and salvage and remanufactured products are primarily composed of finished goods. As of March 31, 2020, manufactured products inventory was composed of $19 million of raw materials, $4 million of work in process, and $5 million of finished goods. As of December 31, 2019, manufactured products inventory was composed of $17 million of raw materials, $3 million of work in process, and $6 million of finished goods.