INVENTORY

12 Months Ended

Dec. 31, 2023

Inventories [Abstract]

INVENTORY

INVENTORY

The following table presents the components of inventory:

AS AT DEC. 31 (MILLIONS)	2023		2022
Industrial products	$	2,303	$	2,911
Residential properties under development	2,109		1,558
Land held for development	1,715		1,895
Completed residential properties	1,396		2,342
Other1	3,889		4,137
Total	$	11,412	$	12,843

1.As at December 31, 2023, the significant components of other inventory are fuel inventory of $597 million (2022 – $850 million) and logistics buildings of $773 million (2022 – $575 million).

The current and non-current balances of inventory are as follows:

AS AT DEC. 31 (MILLIONS)	2023		2022
Current	$	7,060	$	9,108
Non-current	4,352		3,735
Total	$	11,412	$	12,843

During the year ended December 31, 2023, the company recognized $41.9 billion of inventory relating to cost of goods sold (2022 – $44.1 billion) and a $315 million expense for impaired inventory (2022 – $110 million). The carrying amount of inventory pledged as collateral as at December 31, 2023 was $5.4 billion (2022 – $7.1 billion).