Note 14: Inventories
In € millions |
2017 |
2018 |
Raw materials and supplies |
331 |
353 |
Work in progress |
62 |
66 |
Finished products and goods for resale |
701 |
720 |
Total |
1,094 |
1,139 |
Of the total carrying value of inventories at year-end 2018, €45 million is measured at net realizable value (2017: €35 million). In 2018, €79 million was recognized in the statement of income for the write-down of inventories (2017: €46 million), while €18 million of write-downs were reversed (2017: €14 million). There are no inventories subject to retention of title clauses.