Company: MT
Filing Date: 2025-03-10
Form Type: 20-F
Source: 0001243429-25-000017
Chunk: 361

Company: ArcelorMittal
Filing Date: 2025-03-10
Form: 20-F
Chunk 361
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 Other comprehensiveincome (loss)                                       |     |                            -351 |     |                        -4 |     |                                     — |     |                        — |     |                         -1 |     |                                1 |     |                                                — |     |                                   — |     |   -355 |
| Total comprehensiveincome (loss)                                       |     |                             -28 |     |                       187 |     |                                     — |     |                      288 |     |                        -73 |     |                               18 |     |                                               86 |     |                                  -1 |     |    477 |
| Cash dividends receivedby the Company                                  |     |                               — |     |                        24 |     |                                     — |     |                      115 |     |                          — |     |                                8 |     |                                                — |     |                                   — |     |    147 |

1. The country of incorporation corresponds to the country of operation.

218

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

2. Ownership interest in Borçelik was 45.33% and 50.00% based on issued shares and outstanding shares, respectively, at December 31, 2024; voting interest was 48.01% at December 31, 2024 . 3. Adjustment in Borçelik relates primarily to differences in accounting policies regarding revaluation of fixed assets. 4. Adjustments in AMNS India correspond primarily to transaction costs incurred to set up the joint venture and the fair value of the guarantee of the joint venture's debt (see note 9.4). 5. Includes AMNS Luxembourg, AMNS India (including infrastructure assets) and intermediate holding entities. 6. Adjustments in Calvert primarily relate to differences in accounting policies regarding inventory valuation. 7. The joint venture was incorporated and had no operations in 2024. The initial carrying amount of 566 corresponds to a paid cash contribution of 120 and 446 liability (including a non-current portion of 222 see note 9.2) corresponding to the net present value of future equity increases for which the Company has a present obligation.

|                                                             |     |               December 31, 2023 |     |                           |     |                          |     |                            |     |                                  |     |                                                 |     |                                     |     |        |
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