Company: MT
Filing Date: 2025-03-10
Form Type: 20-F
Source: 0001243429-25-000017
Chunk: 434

Company: ArcelorMittal
Filing Date: 2025-03-10
Form: 20-F
Chunk 434
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     |      |     |            |
|:---------------------------|---------------------:|:----|-------------------:|:----|-----------:|:----|------------:|:----|-----:|:----|-----------:|
|                            | Assets/(liabilities) |     | (Outflows)/inflows |     |            |     |             |     |      |     |            |
|                            |           Fair value |     |   3 months andless |     | 3-6 months |     | 6-12 months |     | 2025 |     | After 2025 |
| Foreign exchange contracts |                  -38 |     |                 -3 |     |        -34 |     |          -1 |     |    — |     |          — |
| Commodities                |                  412 |     |                 50 |     |         70 |     |         171 |     |   60 |     |         61 |
| Emission rights            |                    — |     |                  — |     |          — |     |           — |     |    — |     |          — |
| Total                      |                  374 |     |                 47 |     |         36 |     |         170 |     |   60 |     |         61 |

Associated gains or losses that were recognized in other comprehensive income are reclassified to the consolidated statements of operations in the same period during which the hedged forecasted cash flow affects the consolidated statements of operations. The following table presents the periods in which the realized and unrealized gains or losses on derivatives designated as cash flows hedges recognized in other comprehensive income, net of tax, are expected to impact the consolidated statements of operations:

263

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

|                            |       December 31, 2024 |     |                  |     |            |     |             |     |      |     |            |
|:---------------------------|------------------------:|:----|-----------------:|:----|-----------:|:----|------------:|:----|-----:|:----|-----------:|
|                            | Cash flow hedgereserve1 |     | (Expense)/income |     |            |     |             |     |      |     |            |
|                            |         Carrying amount |     | 3 months andless |     | 3