NOTE 12 - INVENTORIES


(in millions of Euros)	At June 30, 2018			At December 31, 2017
Finished goods		182			164
Work in progress		388			332
Raw materials		137			111
Stores and supplies		66			64
Adjustments^(A)		(28	)		(28	)

Total inventories		745			643

(A)	Includes Net realizable value adjustments.

Constellium records inventories at the lower of cost and net realizable value. Any change in the net realizable value adjustment on inventories is included in Cost of sales in the Unaudited Interim Consolidated Income Statement.