Company: MT
Filing Date: 2025-03-10
Form Type: 20-F
Source: 0001243429-25-000017
Chunk: 393

Company: ArcelorMittal
Filing Date: 2025-03-10
Form: 20-F
Chunk 393
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                                                                    |         2024 |     |  2023 |
| Accrued payroll and employee relatedexpenses                       |        1,335 |     | 1,403 |
| Accrued interest and other payables                                |          873 |     | 1,134 |
| Payable from acquisition of intangible,tangible & financial assets |        1,471 |     | 1,270 |
| Other amounts due to public authorities                            |          644 |     |   691 |
| Derivative financial instruments (notes 6.1and 6.3)                |          327 |     |   360 |
| Unearned revenue and accrued payables                              |           88 |     |   109 |
| Total                                                              |        4,738 |     | 4,967 |

NOTE 5: GOODWILL, INTANGIBLE AND TANGIBLE ASSETS 5.1 Goodwill and intangible assets

The carrying amounts of goodwill and intangible assets are

summarized as follows:

|                                        | December 31, |     |       |
|                                        |         2024 |     |  2023 |
| Goodwill on acquisitions               |        3,605 |     | 3,908 |
| Concessions, patents and licenses      |          285 |     |   266 |
| Customer relationships and trade marks |          204 |     |   155 |
| Emission rights                        |          246 |     |   642 |
| Other                                  |          113 |     |   131 |
| Total                                  |        4,453 |     | 5,102 |

Goodwill

Goodwill arising on an acquisition is recognized as previously

described within the business combinations section in note

2.2.3. Goodwill is allocated to those GCGUs that are expected

to benefit from the business combination in which the goodwill

arose and in all cases is at the operating segment level, which

represents the lowest level at which goodwill is monitored for

internal management purposes except for goodwill allocated to

AMKR CGU in Ukraine and AMSA GCGU in South Africa (see

below).

As described in note 3.1, effective January 1, 2024, the

Company has revised it s operating segments following changes

to its organizational structure and to components of the Group

whose operating results are regularly reviewed by the CODM.

Accordingly