us-gaap:InventoryDisclosureTextBlock

Activision Blizzard, Inc.

3. Inventories

Our inventories consist of the following (amounts in millions):

	At September 30, 2009		At December 31, 2008
Finished goods	$	320	$	251
Purchased parts and components	31		11

	$	351	$	262

AES CORP

2. INVENTORY

The following table summarizes the Company’s inventory balances as of September 30, 2009 and December 31, 2008:


	September 30, 2009		December 31, 2008
	(in millions)
Coal, fuel oil and other raw materials	$	284	$	311
Spare parts and supplies		294		253

Total	$	578	$	564

AGILENT TECHNOLOGIES INC

6. INVENTORY

	July 31, 2009		October 31, 2008
	(in millions)
Finished goods	$	296	$	331
Purchased parts and fabricated assemblies		275		315
Inventory	$	571	$	646

AK Steel Holding Corporation

NOTE 3 – Inventories

Inventories are valued at the lower of cost or market. The cost of the majority of inventories is measured on the last in, first out (LIFO) method. Other inventories are measured principally at average cost.

	September 30,			December 31,
	2009			2008
Finished and semi-finished	$	858.8		$	877.1
Raw materials		310.5			512.1
Total cost		1,169.3			1,389.2
Adjustment to state inventories at LIFO value		(556.0	)		(822.4	)
Net inventories	$	613.3		$	566.8

ALCOA INC

F. Inventories


	September 30, 2009		December 31, 2008
Finished goods	$	497	$	747
Work-in-process		712		960
Bauxite and alumina		643		724
Purchased raw materials		400		575
Operating supplies		264		232

	$	2,516	$	3,238

At September 30, 2009 and December 31, 2008, 35% and 39% of total inventories, respectively, were valued on a last in, first out (LIFO) basis. If valued on an average-cost basis, total inventories would have been $851 and $1,078 higher at September 30, 2009 and December 31, 2008, respectively. During the 2009 third quarter, reductions in LIFO inventory quantities caused a partial liquidation of the lower cost LIFO inventory base. This liquidation resulted in the recognition of income of $112 ($73 after-tax).

ALLEGHENY TECHNOLOGIES INCORPORATED

Note 2. Inventories

Inventories at September 30, 2009 and December 31, 2008 were as follows (in millions):

	September 30,		December 31,
	2009		2008

Raw materials and supplies	$	158.1	$	163.6
Work-in-process		620.3		772.6
Finished goods		108.2		164.9
Total inventories at current cost		886.6		1,101.1
Less allowances to reduce current cost values to LIFO basis		(146.6)		(205.6)
Progress payments		(2.7)		(7.9)
Total inventories, net	$	737.3	$	887.6

Inventories are stated at the lower of cost (last-in, first-out (“LIFO”), first-in, first-out (“FIFO”), and average cost methods) or market, less progress payments. Most of the Company’s inventory is valued utilizing the LIFO costing methodology. Inventory of the Company’s non-U.S. operations is valued using average cost or FIFO methods. The effect of using the LIFO methodology to value inventory, rather than FIFO, decreased cost of sales by $59.0 million for the nine first months of 2009 compared to a decrease to cost of sales of $36.3 million for the first nine months of 2008.

ALLERGAN INC

Note 5: Inventories

Components of inventories were:


	September 30, 2009		December 31, 2008
	(in millions)
Finished products	$	152.2	$	174.9
Work in process		34.7		36.8
Raw materials		42.6		50.8

Total	$	229.5	$	262.5

At September 30, 2009 and December 31, 2008, approximately $5.3 million and $11.2 million, respectively, of the Company’s finished goods medical device inventories, primarily breast implants, were held on consignment at a large number of doctors’ offices, clinics and hospitals worldwide. The value and quantity at any one location are not significant.

Alpha Natural Resources, Inc.

(4)	Inventories

Inventories consisted of the following:

	September 30,		December 31,
	2009		2008
Raw coal	$	19,158	$	9,018
Saleable coal		124,962		61,297
Equipment for resale		2,432		2,282
Materials and supplies, net		41,303		13,997
Total inventories, net	$	187,855	$	86,594

ALTERA CORP

Note 4 – Inventories

Inventories as of September 25, 2009 and December 31, 2008 were comprised of the following:


*(In thousands)*	September 25, 2009		December 31, 2008
Raw materials	$	4,823	$	5,237
Work in process	$	42,951	$	51,527
Finished goods		18,052		27,873

Total inventories	$	65,826	$	84,637

AMETEK INC/

9. Inventories


	September 30,		December 31,
	2009		2008
	(In thousands)
Finished goods and parts	$	44,812	$	66,416
Work in process		70,117		81,282
Raw materials and purchased parts		197,607		201,811

Total inventories	$	312,536	$	349,509

AMGEN INC

8. Inventories

Inventories consisted of the following (in millions):


	September 30, 2009		December 31, 2008
Raw materials	$	109	$	112
Work in process		1,565		1,519
Finished goods		481		444

	$	2,155	$	2,075

AMPHENOL CORP /DE/

Note 3-Inventories

Inventories, net, consist of:

	September 30, 2009		December 31, 2008
Raw materials and supplies	$	122,510	$	130,572
Work in process	211,777		233,003
Finished goods	121,703		148,932
	$	455,990	$	512,507

ANADARKO PETROLEUM CORP

3. Inventories

The major classes of inventories, included in other current assets, are as follows:


millions	September 30, 2009		December 31, 2008
Crude oil and NGLs	$	91	$	89
Natural gas		69		51

Total	$	160	$	140

ARCH COAL INC

8. Inventories

Inventories consist of the following:

	September 30,	December 31,
	2009	2008
	(In thousands)
Coal............................................................................................................................................	$ 108,370	$ 64,683
Repair parts and supplies, net of allowance........................................................................	128,923	126,885
	$ 237,293	$ 191,568

The repair parts and supplies are stated net of an allowance for slow-moving and obsolete inventories of $13.0 million at September 30, 2009, and $12.7 million at December 31, 2008.

AVON PRODUCTS INC

3. INVENTORIES


Components of Inventories	September 30, 2009		December 31, 2008
Raw materials	$	363.9	$	292.7
Finished goods		828.8		715.2

Total	$	1,192.7	$	1,007.9

BAKER HUGHES INC

NOTE 6. INVENTORIES

Inventories, net of reserves, are comprised of the following:


	September 30,		December 31,
	2009		2008

Finished goods	$	1,671	$	1,693
Work in process		150		175
Raw materials		146		153

Total	$	1,967	$	2,021

BARD C R INC /NJ/

7. Inventories

The following is a summary of inventories as of:


	September 30, 2009		December 31, 2008
(dollars in millions)
Finished goods	$	191.5	$	165.2
Work in process		25.5		23.3
Raw materials		94.1		86.6

	$	311.1	$	275.1

BAXTER INTERNATIONAL INC

Inventories



	September 30,		December 31,
(in millions)	2009		2008

Raw materials	$	646	$	600
Work in process		837		737
Finished goods		1,145		1,024

Inventories	$	2,628	$	2,361

BERKSHIRE HATHAWAY INC

Note 13. Inventories

Inventories are comprised of the following (in millions).

	September 30, 2009		December 31, 2008
Raw materials	$	956	$	1,161
Work in process and other		582		607
Finished manufactured goods		2,072		2,580
Purchased goods		2,441		3,152
	$	6,051	$	7,500

Biogen Idec Inc.


2.	Inventory

Inventories are stated at the lower of cost or market with cost determined under the first-in, first-out, or FIFO, method. Included in inventory are raw materials used in the production of pre-clinical and clinical products, which are charged to research and development expense when consumed.

The components of inventories are as follows:


	As of		As of
	September 30,		December 31,
(In millions)	2009		2008

Raw materials	$	40.6	$	29.8
Work in process		168.4		180.0
Finished goods		69.7		53.8

Total Inventory	$	278.7	$	263.6

BOEING CO

Note 5 – Inventories

Inventories consisted of the following:


	September 30 2009			December 31 2008
Long-term contracts in progress	$	14,829		$	14,051
Commercial aircraft programs¹		18,162			19,309
Commercial spare parts, used aircraft, general stock materials and other		4,919			4,340

		37,910			37,700
Less advances and progress billings		(21,929	)		(22,088	)

	$	15,981		$	15,612

Includes deferred production costs related to the 777 program of $612 and $1,223 and unamortized tooling related to the 777 program of $208 and $255 as of September 30, 2009 and December 31, 2008. Also includes work in process (including deferred production costs), supplier advances, and tooling and other non-recurring costs related to the 787 program of $2,828, $2,181 and $996 as of September 30, 2009 and $3,021, $2,548 and $755 as of December 31, 2008.

In August 2009, we concluded that the first three flight-test airplanes for the 787 program will not be sold as previously anticipated due to the inordinate amount of rework and unique and extensive modifications made to those aircraft. Therefore, $2,481 in costs previously recorded for the first three flight-test airplanes were reclassified from program inventory to Research and development expense during the third quarter of 2009. Costs incurred in August and September 2009 of $138 related to these flight-test airplanes were also included in research and development expense.

Delta launch program inventories that will be sold at cost to United Launch Alliance (ULA) under an inventory supply agreement that terminates on March 31, 2021 are included in long-term contracts in progress inventories. At September 30, 2009 and December 31, 2008, the inventory balance was $1,827 and $1,822, of which $1,119 relates to yet unsold launches at September 30, 2009. ULA is continuing to assess the future of the Delta II program. In the event ULA is unable to sell additional Delta II inventory, earnings could be reduced by up to $85. See Note 8.

Inventories included $235 subject to claims or other uncertainties relating to the A-12 program as of September 30, 2009 and December 31, 2008. See Note 14.

BORGWARNER INC.

(5) Inventories

Inventories are valued at the lower of cost or market. The cost of U.S. inventories is determined by the last-in, first-out (“LIFO”) method, while the operations outside the U.S. use the first-in, first-out (“FIFO”) or average-cost methods. Inventories consisted of the following:


	September 30,			December 31,
(millions)	2009			2008
Raw material and supplies	$	189.5		$	260.7
Work in progress		71.8			95.7
Finished goods		69.6			111.4

FIFO inventories		330.9			467.8
LIFO reserve		(16.3	)		(16.6	)

Inventories, net	$	314.6		$	451.2

BOWNE & CO INC


Note 8.	Inventories

Inventories of $28,148 as of September 30, 2009 included raw materials of $8,296 and work-in-process and finished goods of $19,852. As of December 31, 2008, inventories of $27,973 included raw materials of $9,730 and work-in-process and finished goods of $18,243. During the quarter ended September 30, 2009, the Company reviewed and updated its inventory standards to reflect the Company’s current cost structure and production capacity, and recorded an increase of $2,860 in its work-in-process inventory values as a result of this analysis. Management will continue to update its inventory standards on a periodic basis going forward.

BRISTOL MYERS SQUIBB CO

Note 14. Inventories, Net

The major categories of inventories were as follows:


Dollars in Millions	September 30, 2009		December 31, 2008
Finished goods	$	732	$	707
Work in process		684		738
Raw and packaging materials		408		320

Inventories, net	$	1,824	$	1,765

Inventories expected to remain on-hand beyond one year were $266 million at September 30, 2009 and $185 million at December 31, 2008 and were included in non-current other assets.

Inventories include capitalized costs related to production of products for programs in Phase III development subject to final U.S. Food and Drug Administration approval. The probability of future sales, as well as the status of the regulatory approval process was considered in assessing the recoverability of these costs. These capitalized costs were $36 million and $47 million at September 30, 2009 and December 31, 2008, respectively.

BUCYRUS INTERNATIONAL INC

5. Inventories

Inventories consisted of the following:


	September 30, 2009		December 31, 2008
	(Dollars in thousands)

Raw materials and parts	$	91,524	$	103,586
Work in process		248,141		242,224
Finished products (primarily replacement parts)		327,486		270,900

	$	667,151	$	616,710

Bunge LTD

3. INVENTORIES

Inventories consist of the following:

(US$ in millions)	September 30, 2009		December 31, 2008
Agribusiness – Readily marketable inventories at fair value (1)	$	2,529	$	2,619
Fertilizer (2)	1,179		1,875
Edible oils (3)	362		444
Milling (3)	93		113
Other (4)	672		602
Total	$	4,835	$	5,653

(1) Readily marketable inventories are agricultural commodity inventories that are readily convertible to cash because of their commodity characteristics, widely available markets and international pricing mechanisms.

(2) Fertilizer inventories carried at lower of cost or market.

(3) Includes readily marketable inventories at fair value in the aggregate amount of $39 million and $122 million at September 30, 2009 and December 31, 2008, respectively.

(4) Agribusiness inventories carried at lower of cost or market.

CAMERON INTERNATIONAL CORP

Note 6: Inventories

Inventories consisted of the following (in thousands):

	September 30, 2009			December 31, 2008
Raw materials	$	132,972		$	126,649
Work-in-process		518,104			403,791
Finished goods, including parts and subassemblies		1,210,267			931,168
Other		11,271			10,197
		1,872,614			1,471,805
Excess of current standard costs over LIFO costs		(115,595	)		(85,240	)
Allowances		(58,454	)		(49,640	)
Total inventories	$	1,698,565		$	1,336,925

Caterpillar Inc.

5.	Inventories Inventories (principally using the "last-in, first-out" (LIFO) method) are comprised of the following:

(Millions of dollars)	September 30,		December 31,
	2009		2008
Raw materials	$	2,152	$	2,678
Work-in-process		865		1,508
Finished goods		3,534		4,316
Supplies		264		279
Total inventories	$	6,815	$	8,781

Inventory quantities have been further reduced during the three and nine months ended September 30, 2009. This reduction resulted in a liquidation of LIFO inventory layers carried at lower costs prevailing in prior years as compared with current costs. The effect of this reduction of inventory that is not expected to be replaced by the end of 2009 decreased Cost of goods sold in the Consolidated Results of Operations by approximately $120 million and increased Profit by approximately $100 million or $0.16 per share for the three months ended September 30, 2009. For the nine months ended September 30, 2009, LIFO liquidations decreased Cost of goods sold by approximately $230 million and increased Profit by approximately $185 million or $0.30 per share. Additional LIFO liquidations may occur during the fourth quarter of 2009.

CBS CORP

5) PROGRAMMING AND OTHER INVENTORY

The following table sets forth the Company's programming and other inventory.



			At September 30, 2009		At December 31, 2008

Program rights		$	1,518.1	$	1,915.7
Television programming:
	Released (including acquired libraries)		442.7		551.4
	In process and other		196.9		53.6
Theatrical programming, in process and other			75.3		—
Publishing, primarily finished goods			78.9		83.7
Other			1.2		1.0

Total programming and other inventory			2,313.1		2,605.4
	Less current portion		861.3		1,027.3

Total noncurrent programming and other inventory		$	1,451.8	$	1,578.1

CELGENE CORP /DE/

10. Inventory

A summary of inventories by major category at September 30, 2009 and December 31, 2008 follows:


	September 30,		December 31,
	2009		2008

Raw materials	$	21,145	$	16,910
Work in process		34,174		33,170
Finished goods		29,769		50,096

Total	$	85,088	$	100,176

CF Industries Holdings, Inc.

11. Inventories

Inventories consist of the following:

	September 30, 2009		December 31, 2008

	(in millions)
Fertilizer	$	166.8	$	526.2
Raw materials, spare parts and supplies		52.8		62.4

	$	219.6	$	588.6

At December 31, 2008, fertilizer inventories were net of a $57.0 million valuation allowance related to our phosphate and potash inventories.

CLIFFS NATURAL RESOURCES INC.

NOTE 3 – INVENTORIES

The following table presents the detail of our Inventories on the Statements of Condensed Consolidated Financial Position at September 30, 2009 and December 31, 2008:


	(In Millions)
	September 30, 2009						December 31, 2008
Segment	Finished Goods		Work-in Process		Total Inventory		Finished Goods		Work-in Process		Total Inventory
North American Iron Ore	$	192.0	$	11.3	$	203.3	$	135.3	$	13.5	$	148.8
North American Coal		14.1		4.0		18.1		15.0		6.7		21.7
Asia Pacific Iron Ore		25.4		36.9		62.3		30.6		55.1		85.7
Other		4.2		4.4		8.6		6.6		2.6		9.2

Total	$	235.7	$	56.6	$	292.3	$	187.5	$	77.9	$	265.4

Clorox Co /DE/

NOTE 4. INVENTORIES, NET

Inventories, net, consisted of the following at:

	9/30/2009		6/30/2009
Finished goods	$	326	$	304
Raw materials and packaging		104		99
Work in process		4		4
LIFO allowances		(31)		(31)
Allowances for obsolescence		(11)		(10)

Total	$	392	$	366

COCA COLA CO

Note B — Inventories

The following table summarizes our inventory balances (in millions):


	October 2, 2009	December 31, 2008

Raw materials and packaging	$ 1,323	$ 1,191
Finished goods	712	706
Other	306	290

Total inventories	$ 2,341	$ 2,187

COCA COLA ENTERPRISES INC

NOTE 3 – INVENTORIES

We value our inventories at the lower of cost or market. Cost is determined using the first-in, first-out (FIFO) method. The following table summarizes our inventories as of October 2, 2009 and December 31, 2008 (in millions):


	October 2, 2009		December 31, 2008
Finished goods	$	718	$	639
Raw materials and supplies		300		262

Total inventories	$	1,018	$	901

COLGATE PALMOLIVE CO

4.	Inventories

Inventories by major class are as follows:

	September 30, 2009		December 31, 2008
Raw materials and supplies	$	308	$	297
Work-in-process		53		41
Finished goods		880		859
Total Inventories	$	1,241	$	1,197

CONAGRA FOODS INC /DE/

11. INVENTORIES

The major classes of inventories were as follows:


	August 30,		May 31,		August 24,
	2009		2009		2008
Raw materials and packaging	$	557.1	$	636.3	$	609.1
Work in process		98.5		104.9		101.2
Finished goods		1,273.4		1,202.2		1,251.8
Supplies and other		84.3		81.7		78.0

	$	2,013.3	$	2,025.1	$	2,040.1

CONOCOPHILLIPS

Note 4—Inventories

Inventories consisted of the following:

	Millions of Dollars
	September 30		December 31
		2009	2008

Crude oil and petroleum products	$	5,270	4,232
Materials, supplies and other		998	863
	$	6,268	5,095

Inventories valued on the last-in, first-out (LIFO) basis totaled $5,049 million and $3,939 million at September 30, 2009, and December 31, 2008, respectively. The remaining inventories are valued under various methods, including first-in, first-out and weighted average. The excess of current replacement cost over LIFO cost of inventories amounted to $4,898 million and $1,959 million at September 30, 2009, and December 31, 2008, respectively.

CONSOL Energy Inc

NOTE 6—INVENTORIES:

Inventory components consist of the following:


	September 30, 2009		December 31, 2008
Coal	$	173,413	$	93,875
Merchandise for resale		50,589		43,074
Supplies		86,537		90,861

Total Inventories	$	310,539	$	227,810

Merchandise for resale is valued using the Last In First Out (LIFO) cost method. The excess of replacement cost of merchandise for resale inventories over carrying LIFO value was $12,413 and $14,716 at September 30, 2009 and December 31, 2008, respectively.

Cooper Industries plc

Note 6. Inventories


	September 30,			December 31,
	2009			2008
	(in millions)
Raw materials	$	197.0		$	239.3
Work-in-process		158.9			163.2
Finished goods		328.6			405.0
Perishable tooling and supplies		13.1			13.9

		697.6			821.4
Allowance for excess and obsolete inventory		(84.9	)		(77.0	)
Excess of current standard costs over LIFO costs		(110.0	)		(102.6	)

Net inventories	$	502.7		$	641.8

CORNING INC /NY

8. Inventories

Inventories comprise the following (in millions):

	September 30, 2009		December 31, 2008
Finished goods	$	209	$	293
Work in process		123		197
Raw materials and accessories		109		120
Supplies and packing materials		177		188
Total inventories	$	618	$	798

CUMMINS INC

NOTE 7. INVENTORIES

Inventories included the following:

	September 27,			December 31,
In millions	2009			2008
Finished products	$	833		$	860
Work-in-process and raw materials	716			1,021
Inventories at FIFO cost	1,549			1,881
Excess of FIFO over LIFO	(88		)	(98		)
Total inventories	$	1,461		$	1,783

DENTSPLY INTERNATIONAL INC /DE/

NOTE 7 - INVENTORIES

Inventories are stated at the lower of cost or market. At September 30, 2009 and December 31, 2008, the cost of $9.3 million, or 3.0%, and $9.6 million, or 3.1%, respectively, of inventories was determined by the last-in, first-out (“LIFO”) method. The cost of other inventories was determined by the first-in, first-out (“FIFO”) or average cost methods. The Company establishes reserves for inventory estimated to be obsolete or unmarketable equal to the difference between the cost of inventory and estimated market value based upon assumptions about future demand and market conditions. The inventory valuation reserves were $32.7 million and $28.4 million as of September 30, 2009 and December 31, 2008, respectively.

If the FIFO method had been used to determine the cost of LIFO inventories, the amounts at which net inventories are stated would be higher than reported at September 30, 2009 and December 31, 2008 by $3.7 million and $3.5 million, respectively.

Inventories, net of inventory valuation reserves, consist of the following:


	September 30,		December 31,
(in thousands)	2009		2008

Finished goods	$	191,501	$	184,226
Work-in-process		55,345		58,123
Raw materials and supplies		64,820		63,776
	$	311,666	$	306,125

DISH Network CORP

5. Inventories

Inventories consist of the following:


	As of
	September 30,			December 31,
	2009			2008
	(In thousands)
Finished goods — DBS	$	179,648		$	238,343
Raw materials		72,310			146,353
Work-in-process — used		58,109			61,663
Work-in-process — new		1,234			2,414

Subtotal		311,301			448,773
Inventory allowance		(33,183	)		(22,102	)

Inventories, net	$	278,118		$	426,671

At September 30, 2009 our inventory balance was $278 million, a decline of $149 million compared to our balance at December 31, 2008. This decline primarily related to the impact of our sales and marketing promotions and reduced churn during the third quarter of 2009.

DOVER CORP

3. Inventory

The following table displays the components of inventory:


	At September 30,		At December 31,
(in thousands)	2009		2008
Raw materials	$	297,528	$	319,407
Work in progress		138,438		144,017
Finished goods		183,938		231,507

Subtotal		619,904		694,931
Less LIFO reserve		52,582		58,810

Total	$	567,322	$	636,121

DOW CHEMICAL CO /DE/

NOTE F – INVENTORIES

The following table provides a breakdown of inventories:

Inventories In millions	Sept. 30, 2009		Dec. 31, 2008
Finished goods	$	3,884	$	3,351
Work in process		1,614		1,217
Raw materials		765		830
Supplies		707		638
Total inventories	$	6,970	$	6,036

The reserves reducing inventories from the first-in, first-out (“FIFO”) basis to the last-in, first-out (“LIFO”) basis amounted to $566 million at September 30, 2009 and $627 million at December 31, 2008.

Duke Energy CORP

6. Inventory

Inventory is comprised of amounts presented in the table below and is recorded primarily using the average cost method. Inventory related to Duke Energy’s regulated operations is valued at historical cost consistent with ratemaking treatment. Materials and supplies are recorded as inventory when purchased and subsequently charged to expense or capitalized to plant when installed. Inventory related to Duke Energy’s non-regulated operations is valued at the lower of cost or market.


	September 30, 2009		December 31, 2008
	(in millions)
Materials and supplies	$	674	$	661
Coal held for electric generation		742		471
Natural gas		4		3

Total inventory	$	1,420	$	1,135

Dupont E I De Nemours & Co

Note 8. Inventories

	September 30, 2009	December 31, 2008

Finished products	$ 2,972	$ 3,156
Semifinished products	1,319	2,234
Raw materials and supplies	811	1,199

	5,102	6,589
Adjustment of inventories to a last-in, first-out (LIFO) basis	(710)	(908)

Total	$ 4,392	$ 5,681

EASTMAN CHEMICAL CO

3.	INVENTORIES

		September 30,		December 31,
(Dollars in millions)		2009		2008

At FIFO or average cost (approximates current cost)
Finished goods	$	535	$	634
Work in process		161		200
Raw materials and supplies		259		328
Total inventories		955		1,162
LIFO Reserve		(460)		(525)
Total inventories	$	495	$	637

Inventories valued on the LIFO method were approximately 70 percent as of September 30, 2009 and 75 percent as of December 31, 2008 of total inventories.

EATON CORP

INVENTORIES

The components of inventories follow:


	September 30,			December 31,
	2009			2008
Raw materials	$	611		$	683
Work-in-process & finished goods		866			987

Inventories at FIFO		1,477			1,670
Excess of FIFO over LIFO cost		(118	)		(116	)

	$	1,359		$	1,554

EMC CORP

7. Inventories

Inventories consist of (table in thousands):


	September 30, 2009		December 31, 2008
Purchased parts	$	23,718	$	62,866
Work-in-process		456,283		488,286
Finished goods		330,924		291,651

	$	810,925	$	842,803

ENTERPRISE PRODUCTS PARTNERS L P

Note 5. Inventories

Our inventory amounts were as follows at the dates indicated:

	September 30,		December 31,
	2009		2008
Working inventory (1)	$	508.1	$	200.4
Forward sales inventory (2)		639.4		162.4
Total inventory	$	1,147.5	$	362.8

(1) Working inventory is comprised of inventories of natural gas, NGLs and certain petrochemical products that are either available-for-sale or used in providing services. (2) Forward sales inventory consists of identified NGL and natural gas volumes dedicated to the fulfillment of forward sales contracts. As a result of energy market conditions, we significantly increased our physical inventory purchases and related forward physical sales commitments during 2009. In general, the significant increase in volumes dedicated to forward physical sales contracts improves the overall utilization and profitability of our fee-based assets.

Our inventory values reflect payments for product purchases, freight charges associated with such purchase volumes, terminal and storage fees, vessel inspection costs, demurrage charges and other related costs. Inventories are valued at the lower of average cost or market.

Operating costs and expenses, as presented on our Unaudited Condensed Statements of Consolidated Operations, include cost of sales amounts related to the sale of inventories. Our costs of sales amounts were $3.72 billion and $5.47 billion for the three months ended September 30, 2009 and 2008, respectively. For the nine months ended September 30, 2009 and 2008, our costs of sales amounts were $9.05 billion and $15.88 billion, respectively. The decrease in cost of sales period-to-period is primarily due to lower energy commodity prices associated with our marketing activities.

Due to fluctuating commodity prices, we recognize lower of average cost or market (“LCM”) adjustments when the carrying value of our available-for-sale inventories exceed their net realizable value. These non-cash charges are a component of cost of sales in the period they are recognized, and reflected in operating costs and expenses as presented on our Unaudited Condensed Statements of Consolidated Operations. LCM adjustments may be mitigated or offset through the use of commodity hedging instruments to the extent such instruments affect net realizable value. See Note 4 for a description of our commodity hedging activities. For the three months ended September 30, 2009 and 2008, we recognized LCM adjustments of $0.4 million and $36.5 million, respectively. We recognized LCM adjustments of $6.4 million and $41.3 million for the nine months ended September 30, 2009 and 2008, respectively.

FLIR SYSTEMS INC

Note 7. Inventories

Inventories consist of the following (in thousands):


	September 30, 2009		December 31, 2008
Raw material and subassemblies	$	134,997	$	129,108
Work-in-progress		47,121		40,325
Finished goods		39,576		38,054

	$	221,694	$	207,487

FLOWSERVE CORP

8. Inventories

Inventories are stated at lower of cost or market. Cost is determined by the first-in, first-out method. Inventories, net consisted of the following:


	September 30,			December 31,
(Amounts in thousands)	2009			2008
Raw materials	$	262,095		$	241,953
Work in process		744,508			635,490
Finished goods		262,676			264,746
Less: Progress billings		(321,160	)		(250,289	)
Less: Excess and obsolete reserve		(63,697	)		(57,288	)

Inventories, net	$	884,422		$	834,612

FMC Corporation

Note 7: Inventories

Inventories consisted of the following:



	September 30,	December 31,
	2009	2008
	(in Millions)
Finished goods and work in process.........................................................................................................	$ 230.6	$ 249.7
Raw materials..............................................................................................................................................	150.0	131.1

Net inventory................................................................................................................................................	$ 380.6	$ 380.8

FMC TECHNOLOGIES INC

Note 5: Inventories

Inventories consisted of the following:


(In millions)	September 30, 2009			December 31, 2008
Raw materials	$	108.9		$	124.8
Work in process		121.0			84.7
Finished goods		522.9			472.2

Gross inventories before LIFO reserves and valuation adjustments		752.8			681.7
LIFO reserves and valuation adjustments		(143.4	)		(122.4	)

Net inventories	$	609.4		$	559.3

FORD MOTOR CO