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INVENTORY | 12 Months Ended
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Dec. 31, 2021
Inventories [Abstract] |
Disclosure of inventories [text block] | INVENTORY The following table presents the components of inventory:
AS AT DEC. 31 (MILLIONS) | 2021 |  | 2020
Residential properties under development | $ | 2,135 |  |  | $ | 2,816 |
Land held for development | 1,802 |  |  | 2,015 |
Completed residential properties | 1,869 |  |  | 743 |
Industrial products | 3,113 |  |  | 2,611 |
Other 1 | 2,496 |  |  | 2,175 |
Total | $ | 11,415 |  |  | $ | 10,360 |
1. Other includes fuel inventory of $731 million (2020 – $651 million) and office developments of $213 million (2020 – $581 million). The current and non-current balances of inventory are as follows:
AS AT DEC. 31 (MILLIONS) | 2021 |  | 2020
Current | $ | 8,557 |  |  | $ | 6,337 |
Non-current | 2,858 |  |  | 4,023 |
Total | $ | 11,415 |  |  | $ | 10,360 |
During the year ended December 31, 2021, the company recognized $35.7 billion of inventory relating to cost of goods sold (2020 – $24.6 billion) and a $96 million expense for impaired inventory (2020 – $107 million). The carrying amount of inventory pledged as collateral at December 31, 2021 was $6.8 billion (2020 – $6.0 billion).

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