07 » Inventories
Inventories by major classification are as follows:
|
|
Dec. 31, 2025 |
|
Dec. 31, 2024 |
||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
|
|
Gross value |
|
Allowance for obsolescence |
|
Net value |
|
Gross value |
|
Allowance for obsolescence |
|
Net value |
Merchandise and finished goods on hand |
|
4,311 |
|
(143) |
|
4,168 |
|
3,454 |
|
(173) |
|
3,281 |
Goods in transit |
|
1,656 |
|
— |
|
1,656 |
|
1,698 |
|
— |
|
1,698 |
Raw materials |
|
8 |
|
— |
|
8 |
|
10 |
|
— |
|
10 |
Work in progress |
|
0 |
|
— |
|
0 |
|
0 |
|
— |
|
0 |
Inventories |
|
5,975 |
|
(143) |
|
5,832 |
|
5,162 |
|
(173) |
|
4,989 |
Goods in transit mainly relate to shipments of finished goods and merchandise from suppliers in Asia to subsidiaries in Europe, North America, Asia, and Latin America.
Expenses from write-down on inventories amounted to € 37 million in 2025 (2024: Income of € 98 million). The income in 2024 primarily results from a positive development in the aging structure of inventories over the course of the financial year. In 2025, the aging structure of inventories remained stable at a comparable level.