DNOW Inc.
For the period ended Mar 31, 2026. Filed May 7, 2026.
View on SEC.govAbout this filing
A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2026 · Filed May 7, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
3. Inventories, net
The Company uses the LIFO method of valuation for U.S. inventories. The use of the LIFO method has the effect of reducing net income during periods of rising inventory costs (inflationary periods) and increasing net income during periods of falling inventory costs (deflationary periods). Valuation of inventory under the LIFO method can be made only at the end of each year based on the inventory levels and costs at that time. Accordingly, the Company bases interim LIFO calculations using current month end perpetual inventory balances, except in those instances where better information regarding projected year-end balances is available.
Inventories consist primarily of(in millions):
| March 31, 2026 | December 31, 2025 | |
|---|---|---|
| U.S. finished goods inventory at average cost | $1,099 | $1,078 |
| Outside U.S. finished goods inventory at average cost | 152 | 154 |
| Total finished goods inventory | 1,251 | 1,232 |
| Less: Excess of average cost over LIFO cost (LIFO reserve) | (43) | (27) |
| Less: Other inventory reserves | (15) | (13) |
| Inventories, net | $1,193 | $1,192 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.