Company: MT
Filing Date: 2025-03-10
Form Type: 20-F
Source: 0001243429-25-000017
Chunk: 439

Company: ArcelorMittal
Filing Date: 2025-03-10
Form: 20-F
Chunk 439
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18 , respectively. Credit risk The Company’s treasury department monitors various market data regarding the credit standings and overall reliability of the financial institutions for all countries where the Company’s subsidiaries operate. The choice of the financial institution for the financial transactions must be approved by the treasury department. Credit risk related to customers, customer credit terms and receivables are discussed in note 4.3. Sensitivity analysis Foreign currency sensitivity The following tables demonstrate the Company’s derivative financial instruments' sensitivity to a 10% strengthening and a 10% weakening in the U.S. Dollar and Euro exchange rates against the relevant currencies, with all other variables held constant. A positive number indicates an increase in profit or loss and other equity, where a negative number indicates a decrease in profit or loss and other equity. The sensitivity analysis includes the Company’s complete portfolio of foreign currency derivatives outstanding.

|                                  | December 31, 2024 |     |              |
|:---------------------------------|------------------:|:----|-------------:|
|                                  |      Income(loss) |     | Other Equity |
| 10% strengthening in U.S. dollar |              -276 |     |          -70 |
| 10% strengthening in Euro        |                63 |     |            — |
| 10% weakening in U.S. dollar     |               248 |     |           89 |
| 10% weakening in Euro            |               -77 |     |            — |

|                                  | December 31, 2023 |     |              |
|:---------------------------------|------------------:|:----|-------------:|
|                                  |      Income(loss) |     | Other Equity |
| 10% strengthening in U.S. dollar |              -157 |     |          171 |
| 10% strengthening in Euro        |                77 |     |            — |
| 10% weakening in U.S. dollar     |               168 |     |         -148 |
| 10% weakening in Euro            |               -94 |     |            — |

268

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

Cash flow sensitivity analysis for variable rate instruments

The following tables detail the Company’s variable interest rate

instruments’ sensitivity. A change of 100 basis points (“bp”) in

interest rates during the period would have increased

(decreased) profit or loss by the amounts presented below. This

analysis assumes that all other variables, in