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19. Inventories

US$ million 2008 2007
Raw materials and consumables 774 703
Work in progress 843 812
Finished products 1,085 829
  2,702 2,344

The cost of inventories recognised as an expense and included in cost of sales amounted to $12,253 million (2007: $14,585 million), of which nil (2007: $2,212 million) relates to discontinued operations.

Inventories held at net realisable value amounted to $561 million (2007: $167 million).

The write-down of inventories recognised as an expense and included in cost of sales amounted to $210 million (net of revaluation of provisionally priced purchases) (2007: $34 million), of which nil (2007: $7 million) relates to discontinued operations.