Inventories were comprised as follows:
| Inventories | ||
|---|---|---|
| Dec. 31, 2023 | Dec. 31, 2024 | |
| € million | € million | |
| Raw materials and supplies | 790 | 831 |
| Work in process, finished goods and goods purchased for resale1 | 1,665 | 2,016 |
| Advance payments | 4 | 4 |
| Total | 2,459 | 2,851 |
1 In fiscal 2024, work in process comprises approximately 19% of inventories (previous year: approximately 19%).
In fiscal 2024, impairment losses on inventories of €45 million (previous year: €56 million) and reversals of impairment losses of €14 million (previous year: €25 million) were recognized through profit or loss in cost of goods sold.
The cost of goods sold included cost of inventories recognized as an expense of €11,671 million (previous year: €11,776 million).