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Inventories | 12 Months Ended
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Dec. 31, 2024
Subclassifications of assets, liabilities and equities [abstract] |
Inventories | Inventories Inventories comprise the following:
| 2024 | 2023 | 2022
(€ million) | Gross value | Allowances | Carrying amount | Gross value | Allowances | Carrying amount | Gross value | Allowances | Carrying amount
Raw materials | 1,588 | (135) | 1,453 | 1,676 | (126) | 1,550 | 1,613 | (139) | 1,474
Work in process | 5,777 | (481) | 5,296 | 5,869 | (553) | 5,316 | 5,663 | (678) | 4,985
Finished goods | 2,899 | (217) | 2,682 | 3,045 | (245) | 2,800 | 2,748 | (247) | 2,501
Total | 10,264 | (833) | 9,431 | 10,590 | (924) | 9,666 | 10,024 | (1,064) | 8,960
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, 2024 (versus zero as of December 31, 2023 and €3 million as of December 31, 2022).

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