INVENTORY

12 Months Ended

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
Other1	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).