Company: MT
Filing Date: 2025-03-10
Form Type: 20-F
Source: 0001243429-25-000017
Chunk: 228

Company: ArcelorMittal
Filing Date: 2025-03-10
Form: 20-F
Chunk 228
---
 million paid to non-controlling shareholders in subsidiaries. Dividend payments during the year ended December 31, 2023 of $531 million included $369 million paid to ArcelorMittal shareholders and $162 million paid to non- controlling shareholders in subsidiaries. Dividend payments during the year ended December 31, 2022 of $663 million included $332 million paid to ArcelorMittal shareholders and $331 million paid to non-controlling shareholders in subsidiaries. Equity Equity attributable to the equity holders of the parent decreased to $49.2 billion as of December 31, 2024 from $ 54.0 billion as of December 31, 2023 primarily due to $3.9 billion foreign exchange losses resulting from the appreciation of U.S. dollar against other currencies, $1.3 billion decrease due to share buyback programs and $0.4 billion dividend payments partly offset by net income attributable to the equity holders of the parent of $1.3 billion . See note 11 to ArcelorMittal’s consolidated financial statements for the year ended December 31, 2024 . Equity attributable to the equity holders of the parent increased to $54.0 billion as of December 31, 2023 from $ 53.2 billion as of December 31, 2022 primarily due to net income attributable to the equity holders of the parent of $0.9 billion and $2.4 billion foreign exchange gains, partly offset by $0.1 billion actuarial loses, $1.2 billion decrease due to share buyback programs, and $0.4 billion dividend payments. Disclosures about market risk ArcelorMittal is exposed to a number of different market risks arising from its normal business activities. Market risk is the possibility that changes in raw materials prices, foreign currency exchange rates, interest rates, base metal prices (zinc, nickel, aluminum and tin) and energy prices (oil, natural gas and power) will adversely affect the value of ArcelorMittal’s financial assets, liabilities or expected future cash flows. The fair value information presented below is based on the information available to management as of the date of the consolidated statements of financial position. Although ArcelorMittal is not aware of any factors that would significantly affect the estimated fair value amounts, such amounts have not been comprehensively revalued for purposes of this annual report since that date, and therefore, the current estimates of fair value may differ significantly from the amounts presented. The estimated fair values of certain financial instruments