Company: MT
Filing Date: 2025-03-10
Form Type: 20-F
Source: 0001243429-25-000017
Chunk: 394

Company: ArcelorMittal
Filing Date: 2025-03-10
Form: 20-F
Chunk 394
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, there are six operating and reportable segments:

North America, Brazil, Europe, India and JVs, Sustainable

Solutions and Mining. The discussion within this note reflects

the impairment test results as of October 1 for the years ended

December 31, 2024 and 2023 . Following the decision to revise

its segments, the Company reallocated 242 and 174 goodwill

from the former ACIS GCGU to the AMKR CGU in Ukraine and

to AMSA GCGU in South Africa, respectively. In addition, with

respect to the Europe operating segment, 98 goodwill was

reallocated to the Sustainable Solutions operating segment

based on the relative enterprise values of the underlying

businesses.

Goodwill acquired in business combination s for each of the

Company’s operating segments and certain other CGUs and

GCGUs retrospectively adjusted for the change in segmentation

is as follows:

|                       | December31, 2023 | Acquisitions1 | Foreign exchangedifferences andother movements | December31, 2024 |
|:----------------------|-----------------:|--------------:|-----------------------------------------------:|-----------------:|
| North America         |            1,563 |             — |                                            -62 |            1,501 |
| Brazil                |            1,316 |             — |                                           -254 |            1,062 |
| Europe                |              515 |             — |                                            -27 |              488 |
| Sustainable Solutions |               98 |            85 |                                             -5 |              178 |
| Others3               |              416 |             — |                                            -40 |              376 |
| Total                 |            3,908 |            85 |                                           -388 |            3,605 |

236

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

|                      | December31, 2022 | Acquisitions1 | Foreignexchangedifferencesand othermovements | Divestments2 | December31, 2023 |
|:---------------------|-----------------:|--------------:|---------------------------------------------:|-------------:|-----------------:|
| North America        |            1,540 |             — |                                           23 |            — |            1,563 |
| Brazil               |            1,070 |           164 |                                           82 |            — |            1,316 |
| Europe               |