Inventories were comprised as follows:
| Inventories | ||
|---|---|---|
| Dec. 31, 2024 | Dec. 31, 2025 | |
| € million | € million | |
| Raw materials and supplies | 831 | 734 |
| Work in process, finished goods and goods purchased for resale1 | 2,016 | 1,766 |
| Advance payments | 4 | 3 |
| Total | 2,851 | 2,503 |
1 In fiscal 2025, work in process comprises approximately 17% of inventories (previous year: approximately 19%).
In fiscal 2025, impairment losses on inventories of €45 million (previous year: €45 million) and reversals of impairment losses of €16 million (previous year: €14 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 €10,855 million (previous year: €11,671 million).