Company: MT
Filing Date: 2025-03-10
Form Type: 20-F
Source: 0001243429-25-000017
Chunk: 487

Company: ArcelorMittal
Filing Date: 2025-03-10
Form: 20-F
Chunk 487
---
 2024 , 2023 and 2022, respectively, consist of

uncertain tax positions (see note 10.3) including 202 recorded

in 2024 for expected resolution of the tax disputes in th e North

America segment .

301

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

10.2 Income tax recorded directly in equity and/or other

comprehensive income

|                                                |     | Year ended December 31, 
                    2024 |     | 2023 |     | 2022 |
|:-----------------------------------------------|:----|------------------------:|:----|-----:|:----|-----:|
| Recognized in other comprehensiveincome on:    |     |                         |     |      |     |      |
| Deferred tax expense (benefit)                 |     |                         |     |      |     |      |
| Gain (loss) on derivative financialinstruments |     |                    -107 |     | -126 |     |  -31 |
| Recognized actuarial gain (loss)               |     |                      17 |     |  -18 |     |  193 |
| Foreign currency translationadjustments        |     |                       4 |     |  110 |     |  143 |
|                                                |     |                     -86 |     |  -34 |     |  305 |
| Recognized directly in equity on:              |     |                         |     |      |     |      |
| Deferred tax expense (benefit)                 |     |                         |     |      |     |      |
| Loss related to repurchase of MCNs             |     |                       — |     | -231 |     |    — |
|                                                |     |                       — |     | -231 |     |    — |
| Total                                          |     |                     -86 |     | -265 |     |  305 |

10.3 Uncertain tax positions The Company operates in multiple jurisdictions with complex legal and tax regulatory environments. In certain of these jurisdictions, ArcelorMittal has taken income tax positions that management believes are supportable and are intended to withstand challenge by tax authorities. Some of these positions are inherently uncertain and include those relating to transfer pricing matters and the interpretation of income tax laws applied in complex transactions. The Company periodically reassesses its tax positions. Changes to the financial statement recognition, measurement and disclosure of tax positions are based