Company: MT
Filing Date: 2025-03-10
Form Type: 20-F
Source: 0001243429-25-000017
Chunk: 397

Company: ArcelorMittal
Filing Date: 2025-03-10
Form: 20-F
Chunk 397
---
 At December 31, 2023                                    |                             290 |     |                                1,013 |     |    251 |     | 1,554 |
| Amortization charge                                     |                              67 |     |                                   15 |     |     25 |     |   107 |
| Foreign exchange differences                            |                             -57 |     |                                  -84 |     |    -23 |     |  -164 |
| Transfers and other movements                           |                               — |     |                                    — |     |     17 |     |    17 |
| Fully amortized intangible assets                       |                             -34 |     |                                 -322 |     |     -3 |     |  -359 |
| At December 31, 2024                                    |                             266 |     |                                  622 |     |    267 |     | 1,155 |
| Carrying amount                                         |                                 |     |                                      |     |        |     |       |
| At December 31, 2023                                    |                             266 |     |                                  155 |     |    773 |     | 1,194 |
| At December 31, 2024                                    |                             285 |     |                                  204 |     |    359 |     |   848 |

1 Including emission rights of 246 and 642 at December 31, 2024 and 2023, respectively.

Disposal of other intangible assets resulted in a 190 gain in

2024 and 414 gain in 2023.

Research and development costs not meeting the criteria for

capitalization are expensed as incurred. These costs amounted

to 285 , 299 and 286 for the years ended December 31, 2024 ,

2023 and 2022 , respectively and were recognized in selling,

general and administrative expenses. 5.2 Property, plant and equipment and biological assets

Property, plant and equipment is recorded at cost less

accumulated depreciation and impairment. Cost includes all

related costs directly attributable to the acquisition or

construction of the asset. Except for land and assets used in

mining activities, property, plant and equipment is depreciated

using the straight-line method over the useful lives of the related

assets as presented in the table below.

| Asset Category             |     | Useful Life Range |
| Land                       |     | Not depreciated   |
| Buildings                  |     | 10to50years       |
| Property