INVENTORY

12 Months Ended

Dec. 31, 2020

Inventories [Abstract]

Disclosure of inventories [text block]

INVENTORY

AS AT DEC. 31 (MILLIONS)	2020		2019
Residential properties under development	$	2,816	$	3,007
Land held for development	2,015		1,781
Completed residential properties	743		998
Industrial products	2,611		2,816
Other1	2,175		1,670
Total	$	10,360	$	10,272

1.Other includes fuel inventory of $651 million (2019 – $690 million) and office developments of $581 million (2019 – $243 million).

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

AS AT DEC. 31 (MILLIONS)	2020		2019
Current	$	6,337	$	7,054
Non-current	4,023		3,218
Total	$	10,360	$	10,272

During the year ended December 31, 2020, the company recognized $24.6 billion (2019 – $26.5 billion) of inventory relating to cost of goods sold and a $107 million expense of impaired inventory (2019 – $38 million). The carrying amount of inventory pledged as collateral at December 31, 2020 was $6.0 billion (2019 – $4.7 billion).