Note 13: Inventories
In € millions |
2016 |
2017* |
||
|
||||
Raw materials and supplies |
480 |
331 |
||
Work in progress |
82 |
62 |
||
Finished products and goods for resale |
970 |
701 |
||
Total |
1,532 |
1,094 |
||
Of the total carrying value of inventories at year-end 2017, €35 million is measured at net realizable value (2016: €54 million). In 2017, €54 million was recognized in the statement of income for the write-down of inventories (2016: €66 million), while €19 million of write-downs were reversed (2016: €17 million) for continuing and discontinued operations. There are no inventories subject to retention of title clauses.