Note 11: Inventories

In € millions

 

2014

 

2015

Raw materials and supplies

 

476

 

450

Work in progress

 

84

 

87

Finished products and goods for resale

 

985

 

967

Total

 

1,545

 

1,504

Of the total carrying value of inventories at year-end 2015, €51 million is measured at net realizable value (2014: €49 million). In 2015, €27 million was recognized in the statement of income for the write-down of inventories (2014: €28 million), while €15 million of write-downs were reversed (2014: €17 million). There are no inventories subject to retention of title clauses.