Company: MT
Filing Date: 2025-03-10
Form Type: 20-F
Source: 0001243429-25-000017
Chunk: 370

Company: ArcelorMittal
Filing Date: 2025-03-10
Form: 20-F
Chunk 370
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                       3,183 |     |               2,800 |     |                    5,874 |     |                    536 |     | 12,393 |
| Income / (loss) from continuing operations                  |     |                          40 |     |                 184 |     |                      222 |     |                   -227 |     |    219 |
| Other comprehensive income                                  |     |                           1 |     |                  -1 |     |                      -25 |     |                      — |     |    -25 |
| Total comprehensive income (loss)                           |     |                          41 |     |                 183 |     |                      197 |     |                   -227 |     |    194 |
| Cash dividends received by the Company                      |     |                           5 |     |                  43 |     |                       35 |     |                      — |     |     83 |

1. The country of incorporation corresponds to the country of operation except for China Oriental whose country of operation is China. 2. Other adjustments correspond to the difference between the carrying amount at December 31, 2023 and the net assets situation corresponding to the latest financial statements ArcelorMittal is permitted to disclose translated with closing rates as of the reporting dates described in the table above. 3. The amount for DHS Group includes an adjustment to align the German GAAP financial information with the Company’s accounting policies and is mainly linked to property, plant and equipment, inventory and pension. 4. Adjustments in Gonvarri Steel Industries primarily relate to differences in accounting policies regarding revaluation of fixed assets. 5. Adjustments in Baffinland primarily relate to differences in accounting policies regarding recognized goodwill. In September 2020, following a legal reorganization that was not a business combination for the Company, its share of fair value remeasurement of 1.5 billion was not recognized in the carrying amount of Baffinland. 6. Following a legal reorganization in September 2020, the Company holds an indirect interest in Baffinland through Nunavut Iron Ore Inc.

224

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

|                                                             |     |           December 31, 2022 |     |                     |     |                          |     |                        |     |        |
|:------------------------------------------------------------|:----|----------------------------:|:----|--------------------:|:----|-------------------------