Inventories

 
2016
2015
   
Raw materials and consumables
504
448
Intermediates and finished goods
1,359
1,227
   
 
1,863
1,675
Adjustments to lower net realizable value
(63)
(48)
   
Total
1,800
1,627

The carrying amount of inventories adjusted to net realizable value (before reclassification to held for sale) was €240 million (2015: €172 million).

At the end of 2016 there were no inventories reclassified to held for sale (2015: €2 million).

Changes in the adjustment to net realizable value

 
2016
2015
   
Balance at 1 January
(48)
(56)
   
Additions charged to income statement
(101)
(71)
Utilization / reversals
86
73
Exchange differences
-
(3)
Reclassification to held for sale
-
-
Disposals
-
9
Balance at 31 December
(63)
(48)