INVENTORY

12 Months Ended

Dec. 31, 2022

Inventories [Abstract]

Disclosure of inventories [text block]

INVENTORY

The following table presents the components of inventory:

AS AT DEC. 31 (MILLIONS)	2022		2021
Residential properties under development	$	1,558	$	2,135
Land held for development	1,895		1,802
Completed residential properties	2,342		1,869
Industrial products	2,911		3,113
Other1	4,137		2,496
Total	$	12,843	$	11,415

1.As at December 31, 2022, the significant components of other inventory are fuel inventory of $850 million and logistics buildings of $575 million. As at December 31, 2021, the significant components of other inventory were fuel inventory of $731 million and office developments of $213 million.

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

AS AT DEC. 31 (MILLIONS)	2022		2021
Current	$	9,108	$	8,557
Non-current	3,735		2,858
Total	$	12,843	$	11,415

During the year ended December 31, 2022, the company recognized $44.1 billion of inventory relating to cost of goods sold (2021 – $35.7 billion) and a $110 million expense for impaired inventory (2021 – $96 million). The carrying amount of inventory pledged as collateral as at December 31, 2022 was $7.1 billion (2021 – $6.8 billion).