Inventories

12 Months Ended

Dec. 31, 2024

Inventories [Abstract]

Inventories

14. Inventories

(CAD$ in millions)	December 31, 2024		December 31, 2023
Supplies	$	1,235	$	1,318
Raw materials	260		277
Work in process	774		1,046
Finished products	636		655
	2,905		3,296
Less non-current portion (Note 20)	(307)		(350)
	$	2,598	$	2,946

Cost of sales of $7.5 billion (2023 – $5.4 billion) includes $6.3 billion (2023 – $4.7 billion) of production costs that were recognized as part of inventories and subsequently expensed when sold during the year.

No inventories were held at net realizable value as at December 31, 2024 (2023 – $49 million were held at net realizable value). Total inventory write-downs in 2024 were $42 million (2023 – $26 million) and were included as part of cost of sales.

Non-current inventories consist of ore stockpiles and other in-process materials that are not expected to be sold within one year.