Rendering

Component: (Network and Table)
Network
2309301 - Disclosure - INVENTORY (Tables)
(http://www.monsanto.com/role/InventoryTables)
Table(Implied)
Slicers (applies to each fact value in each table cell)
Reporting Entity [Axis]0001110783 (http://www.sec.gov/CIK)
Inventory Disclosure [Abstract]Period [Axis]
2015-09-01 - 2016-08-31
Inventory Disclosure [Abstract]
 
Components of Inventory
Components of inventory are:
 
As of Aug. 31,
(Dollars in millions)
2016
2015
Finished Goods
$
1,404

$
1,603

Goods In Process
1,489

1,627

Raw Materials and Supplies
498

420

Inventory at FIFO Cost
3,391

3,650

Excess of FIFO over LIFO Cost
(150
)
(154
)
Total
$
3,241

$
3,496

  
Inventory Obsolescence Reserve
The following table displays a roll forward of the inventory obsolescence reserve for fiscal years 2014, 2015 and 2016.
 
(Dollars in millions)
 
Balance Aug. 31, 2013
$
408

Additions — charged to expense
331

Deductions and other(1)
(324
)
Balance Aug. 31, 2014
$
415

Additions — charged to expense
390

Deductions and other(1)
(371
)
Balance Aug. 31, 2015
$
434

Additions — charged to expense
410

Deductions and other(1)
(376
)
Balance Aug. 31, 2016
$
468

(1) 
Deductions and other includes disposals and foreign currency translation adjustments.