Annual Report 2025

Notes

20. Inventories

Inventories

€ million

 

Dec. 31, 2025

 

Dec. 31, 2024

 

 

 

 

 

Raw materials, consumables and supplies

 

8,362

 

8,926

Work in progress

 

4,800

 

5,100

Finished goods and purchased merchandise

 

31,924

 

32,905

Current lease assets

 

6,656

 

6,226

Prepayments

 

4,268

 

3,587

Hedges on inventories

 

33

 

−25

 

 

56,042

 

56,720

At the same time as the relevant revenue was recognized, inventories in the amount of €221 billion (previous year: €215 billion) were included in cost of sales. Loss allowances (excluding lease assets) recognized as expenses in the reporting period amounted to €828 million (previous year: €839 million). Vehicles with a value amounting to €400 million (previous year: €276 million) were assigned as collateral for partial retirement obligations and other liabilities.