Company: MT
Filing Date: 2025-03-10
Form Type: 20-F
Source: 0001243429-25-000017
Chunk: 422

Company: ArcelorMittal
Filing Date: 2025-03-10
Form: 20-F
Chunk 422
---
 debt at fair value. Fair value measurement has been

classified into three levels based upon a fair value hierarchy that

reflects the significance of the inputs used in making the

measurements.

| As of December 31, 2024                                                     | Carrying amount |     | Fair Value |     |         |     |         |     |        |
|:----------------------------------------------------------------------------|----------------:|:----|-----------:|:----|--------:|:----|:--------|:----|-------:|
|                                                                             |                 |     |    Level 1 |     | Level 2 |     | Level 3 |     |  Total |
| Instruments payable bearing interest at fixed rates                         |           8,957 |     |      8,008 |     |   1,030 |     | —       |     |  9,038 |
| Instruments payable bearing interest at variable rates                      |           1,590 |     |          — |     |   1,609 |     | —       |     |  1,609 |
| Total long-term debt, including current portion                             |          10,547 |     |      8,008 |     |   2,639 |     | —       |     | 10,647 |
| Short term bank loans and other credit facilities includingcommercial paper |           1,016 |     |          — |     |   1,023 |     | —       |     |  1,023 |

| As of December 31, 2023                                                     | Carrying amount |     | Fair Value |     |         |     |         |     |       |
|:----------------------------------------------------------------------------|----------------:|:----|-----------:|:----|--------:|:----|:--------|:----|------:|
|                                                                             |                 |     |    Level 1 |     | Level 2 |     | Level 3 |     | Total |
| Instruments payable bearing interest at fixed rates                         |           8,165 |     |      6,969 |     |   1,273 |     | —       |     | 8,242 |
| Instruments payable bearing interest at variable rates                      |           1,536 |     |          — |     |   1,539 |     | —       |     | 1,539 |
| Total long-term debt, including current portion                             |           9,701 |     |      6,969 |     |