INVENTORY



AS AT DEC. 31 (MILLIONS)	2018		2017
Residential properties under development	$	2,001	$	2,245
Land held for development	1,794		1,922
Completed residential properties	1,398		917
Industrial products and other¹	1,796		1,227
Total	$	6,989	$	6,311


1.	Industrial products and other includes fuel inventory of $585 million (2017 – $612 million).

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



AS AT DEC. 31 (MILLIONS)	2018		2017
Current	$	4,578	$	3,585
Non-current	2,411		2,726
Total	$	6,989	$	6,311

During the year ended December 31, 2018, the company recognized $25.7 billion (2017 – $15.2 billion) of inventory relating to cost of goods sold and a $22 million recovery of previously impaired inventory (2017 – $37 million impairment expense). The carrying amount of inventory pledged as collateral at December 31, 2018 was $3.5 billion (2017 – $2.9 billion).