Note 12: Inventories
in € millions |
2015 |
2016 |
Raw materials and supplies |
450 |
480 |
Work in progress |
87 |
82 |
Finished products and goods for resale |
967 |
970 |
Total |
1,504 |
1,532 |
Of the total carrying value of inventories at year-end 2016, €54 million is measured at net realizable value (2015: €51 million). In 2016, €66 million was recognized in the statement of income for the write-down of inventories (2015: €63 million), while €17 million of write-downs were reversed (2015: €15 million). There are no inventories subject to retention of title clauses.