XML 36 R9.htm IDEA: XBRL DOCUMENT

Inventories

9 Months Ended

Sep. 30, 2013

3.	Inventories


	September 30, 2013		December 31, 2012
	(in millions)
Finished goods	$	833.6	$	786.3
Work in progress		71.7		52.3
Raw materials		176.6		156.7

Inventories	$	1,081.9	$	995.3

In the three and nine month periods ended September, 30, 2013, we have recorded charges in cost of products sold of $52.5 million and $92.9 million, respectively, for excess and obsolete inventory. In the three month period ended September 30, 2013, the majority of those charges came from our decision to discontinue certain products. This resulted in charges of $39.1 million for the affected inventory and instruments. Of the $39.1 million, $36.2 million was related to inventory and reflected in cost of products sold and $2.9 million was related to instruments and reflected in “Special items”.

- 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.

+ References+ Details