Company: MT
Filing Date: 2025-03-10
Form Type: 20-F
Source: 0001243429-25-000017
Chunk: 464

Company: ArcelorMittal
Filing Date: 2025-03-10
Form: 20-F
Chunk 464
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158 |
| Put option liability Sonasid (note 11.5.2)                |                     114 |     |   116 |
| Other                                                     |                     175 |     |   168 |
| Total                                                     |                   1,422 |     | 1,061 |

As of December 31, 2024 , payable from non-cash acquisition of

financial assets included 222 relating to outstanding equity

contributions for joint ventures (in addition to 224 classified as

accrued expenses and other liabilities, see note 4.8).

Additionally, 39 and 52 respectively, were related to AMNS

India's debt guarantee (see note 9.4).

Unfavorable contracts of 156 and 233 as of December 31, 2024

and 2023, respectively, mainly related to ArcelorMittal Pecém

(see note 2.2.4) and ArcelorMittal Brasil.

As of December 31, 2024, the income tax payable mainly

related to income tax contingencies (in majority unasserted

claims) and withholding tax.

292

| Consolidated financial statements                          |
| (millions of U.S. dollar, except share and per share data) |

9.3 Contingent liabilities Tax Claims ArcelorMittal is a party to various tax claims. As of December 31, 2024 , ArcelorMittal had recorded short-term and long-term liabilities related to income tax contingencies of 267 and provisions for non-income tax claims in the aggregate of 79 for which it considers the risk of loss to be probable. Set out below is a summary description of the tax claims (i) for which ArcelorMittal had recorded a provision as of December 31, 2024 , (ii) that constitute a contingent liability, (iii) that were resolved in 2024 or (iv) that were resolved and had a financial impact in 2023 or 2022, in each case involving amounts deemed material by ArcelorMittal. The Company is vigorously defending against the pending claims discussed below. Claims that previously were disclosed may no longer be described because of rulings in the case, changes in ArcelorMittal’s business or other developments rendering them, in ArcelorMittal’s judgment, no longer material. These include the claims disclosed in the previous year for which ArcelorMittal no longer expects to report on their status, absent a change in ArcelorM