Inventories

Inventories were comprised as follows:

Inventories

 

 

Dec. 31, 2016

 

Dec. 31, 2017

 

 

€ million

 

€ million

Raw materials and supplies

 

2,396

 

1,761

Work in process, finished goods and goods purchased for resale

 

5,991

 

4,776

Advance payments

 

21

 

13

Total

 

8,408

 

6,550

The deconsolidation of Covestro reduced inventories by €1,831 million.

Impairment losses recognized on inventories were reflected in the cost of goods sold. They were comprised as follows:

Impairments of Inventories

 

 

2016

 

2017

 

 

€ million

 

€ million

Accumulated impairment losses, January 1

 

(427)

 

(416)

Divestments / changes in the scope of consolidation

 

 

13

Impairment losses in the reporting period

 

(321)

 

(235)

Impairment loss reversals or utilization

 

346

 

261

Exchange differences

 

(18)

 

45

Transfers (IFRS 5)

 

4

 

1

Accumulated impairment losses, December 31

 

(416)

 

(331)

Compare to Last Year