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Inventories | 12 Months Ended
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Dec. 31, 2020
Inventories Disclosure [abstract] |
Inventories | 14. Inventories
(USD millions) |  | 2020 |  | 2019 |
Raw material, consumables |  | 967 |  | 751 |
Work in progress |  | 3 324 |  | 3 024 |
Finished products |  | 2 840 |  | 2 207 |
Total inventories |  | 7 131 |  | 5 982 |
The following table shows the amount of inventory recognized as an expense in “Cost of goods sold” in the consolidated income statements from continuing operations:
(USD billions) |  | 2020 |  | 2019 |  | 2018 |
Cost of goods sold |  | – 8.5 |  | – 8.5 |  | – 8.3 |
The following table shows the recognized amount of inventory provision and reversals of inventory provision recorded in the consolidated income statements from continuing operations:
(USD millions) |  | 2020 |  | 2019 |  | 2018 |
Inventory provisions |  | – 702 |  | – 752 |  | – 603 |
Reversals of inventory provisions |  | 255 |  | 218 |  | 216 |
The reversals mainly result from the release of products initially requiring additional quality control inspections and from the reassessment of inventory values manufactured prior to regulatory approval but for which approval was subsequently received.

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