Note 16: Inventories

Inventories

In € millions, at December 31

2020

2021

Raw materials and supplies

378

611

Work in progress

70

94

Finished products and goods for resale

711

945

Total

1,159

1,650

The total carrying value of inventories as per December 31, 2021 has increased compared to December 31, 2020, mainly as a result of significant increases in raw material prices throughout 2021.

Of the total carrying value of inventories at year-end 2021, €18 million is measured at net realizable value (2020: €17 million). In 2021, €67 million was recognized in the statement of income for the write-down of inventories (2020: €59 million), while €32 million of write-downs were reversed (2020: €28 million). There are no inventories subject to retention of title clauses.