Company: MT
Filing Date: 2025-03-10
Form Type: 20-F
Source: 0001243429-25-000017
Chunk: 360

Company: ArcelorMittal
Filing Date: 2025-03-10
Form: 20-F
Chunk 360
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 assets sold                           |                  100% |
| Total net assets disposed of                   |                   278 |
| ArcelorMittal retained interest62%             |                     — |
| Goodwill allocation                            |                  -194 |
| Consideration                                  |                   278 |
| Reclassification of foreign exchange and other |                -1,469 |
| Gain (loss) on disposal/derecognition          |                -1,663 |

2.4 Investments in associates and joint arrangements

The carrying amounts of the Company’s investments accounted

for under the equity method were as follows:

|                                                       | December 31, |     |        |
| Category                                              |         2024 |     |   2023 |
| Joint ventures                                        |        6,184 |     |  5,611 |
| Associates                                            |        3,895 |     |  3,109 |
| Individually immaterial joint ventures andassociates1 |        1,341 |     |  1,358 |
| Total                                                 |       11,420 |     | 10,078 |

1. Individually immaterial joint ventures and associates represent in aggregate

less than 20% of the total carrying amount of investments in joint ventures and

associates at December 31, 2024 and 2023, and none of them have a

carrying value exceeding 150 at December 31, 2024 and 2023.

217

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

2.4.1 Joint ventures

The following tables summarize the latest available financial information and reconcile it to the carrying value of each of the Company’s

material joint ventures, as well as the income statement of the Company’s material joint ventures:

|                                                                        |     |               December 31, 2024 |     |                           |     |                                       |     |                          |     |                            |     |                                  |     |                                                  |     |                                     |     |        |
|:-----------------------------------------------------------------------|:----|--------------------------------:|:----|--------------------------:|:----|--------------------------------------:|:----|-------------------------:|:----|---------------------------:|:----|---------------------------------:|:----|-------------------------------------------------:|:----|------------------------------------:|:----|-------:|
| Joint Ventures                                                         |     |                      AMNS India |     |                   Calvert |     |                                  NEMM