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Inventories
12 Months Ended
Dec. 31, 2023
Subclassifications of assets, liabilities and equities [abstract]  
Inventories Inventories
Inventories comprise the following:
202320222021
(€ million)Gross
value
AllowancesCarrying
amount
Gross
value
AllowancesCarrying
amount
Gross
value
AllowancesCarrying
amount
Raw materials1,676 (126)1,550 1,613 (139)1,474 1,344 (66)1,278 
Work in process5,869 (553)5,316 5,663 (678)4,985 5,579 (554)5,025 
Finished goods3,045 (245)2,800 2,748 (247)2,501 2,696 (284)2,412 
Total10,590 (924)9,666 10,024 (1,064)8,960 9,619 (904)8,715 
Allowances include write-downs of products on hand pending marketing approval, except in specific circumstances where it is possible to estimate that recovery of the value of inventories as of the end of the reporting period is highly probable.
No inventories were pledged as security for liabilities as of December 31, 2023 (versus €3 million as of December 31, 2022 and €20 million as of December 31, 2021).