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Inventories
 12 Months Ended
Dec. 31, 2023
Text Block 1 [Abstract]  
Inventories
NOTE 9. INVENTORIES
Inventories consisted of the following:
 
 December 31,   
2023
      2022  
Direct materials
   
$
92,132
 
    $ 107,575  
Repair and distribution parts
   
 
     152,282
 
           136,876  
Work-in-progress
   
 
119,254
 
      98,297  
Equipment
   
 
25,730
 
      26,550  
Total inventories
   
$
389,398
 
    $ 369,298  
               
 December 31,   
2023
      2022  
Work-in-progress
related to finance leases
   
$
-
 
    $ 41,986  
The amount of inventory and overhead costs recognized as expense and included in COGS during the year ended December 31, 2023 was $2,545 million (December 31, 2022 – $1,455 million). COGS is made up of direct materials, direct labour, depreciation on manufacturing assets, post-manufacturing expenses, and overhead. COGS also includes inventory write-downs pertaining to obsolescence and aging, and recoveries of past write-downs upon disposition. The net change in inventory reserves charged to the consolidated statements of loss and included in COGS for the year ended December 31, 2023 was $1 million (December 31, 2022 – $2 million).
The costs related to the construction of EI assets determined to be finance leases are accounted for as
work-in-progress
related to finance leases. Once a project is completed and enters service it is reclassified to COGS. During the year ended December 31, 2023 the Company invested $5 million (December 31, 2022 – $75 million) related to finance leases that commenced operations in the period. The Company does not have any finance lease projects in progress as at December 31, 2023.