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Inventories
 12 Months Ended
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).