Company: MT
Filing Date: 2025-03-10
Form Type: 20-F
Source: 0001243429-25-000017
Chunk: 387

Company: ArcelorMittal
Filing Date: 2025-03-10
Form: 20-F
Chunk 387
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51,353 |
| Labor costs                                                                        |                   6,781 |     |  7,038 |     |  6,721 |
| Logistic expenses                                                                  |                   3,789 |     |  4,028 |     |  4,096 |
| Depreciation and amortization                                                      |                   2,632 |     |  2,675 |     |  2,580 |
| Impairment charges (note 5.3)                                                      |                     116 |     |  1,038 |     |  1,026 |
| Foreign exchange translationlosses upon disposal ofKazakhstan operations (note2.3) |                       — |     |  1,469 |     |      — |
| Other                                                                              |                   1,403 |     |    868 |     |  1,533 |
| Total                                                                              |                  56,653 |     | 63,538 |     | 67,309 |

4.3 Trade accounts receivable and other Trade accounts receivable are initially recorded at their transaction price and do not carry any interest. ArcelorMittal maintains an allowance for lifetime expected credit loss at an amount that it considers to be a reliable estimate of expected credit losses resulting from the inability of its customers to make required payments. In judging the adequacy of the allowance for expected credit losses, ArcelorMittal considers multiple factors including historical bad debt experience, the current and forward looking economic environment and the aging of the receivables. Recoveries of trade receivables previously reserved in the allowance for expected credit losses are recognized as gains in selling, general and administrative expenses. ArcelorMittal’s policy is to record an allowance for expected lifetime credit losses and a charge in selling, general and administrative expense when a specific account is deemed uncollectible. The Company concluded that a trade receivable is in default when it is overdue by more than 180days . Based on historical experience and analysis, the Company concluded that there is a risk of default as such receivables are generally not recoverable and therefore provided for, unless the collectability can be clearly demonstrated. Uninsured trade receivables and the associated allowance are written off when ArcelorMittal has exhausted its recovery efforts and enforcement options. ArcelorMittal continuously considered the impacts on the current economic environment in its risk of default assessment for receivables outstanding less than 180 days . Receivables aged 31 days or older and uninsured trade