Company: MT
Filing Date: 2025-03-10
Form Type: 20-F
Source: 0001243429-25-000017
Chunk: 436

Company: ArcelorMittal
Filing Date: 2025-03-10
Form: 20-F
Chunk 436
---
 |                                          |
| Foreign exchange risk - Option/Forward contracts  |                                       28 |     |                                                                 -152 |                                                              -18 |     |             -42 |     | Sales                                                                                                              |                                     -184 |
| Price risk - Commodities Option/Forward contracts |                                      633 |     |                                                                 -105 |                                                               82 |     |            -314 |     | Sales, Cost ofsales                                                                                                |                                      296 |
| Price risk - Emission rights forwards             |                                      900 |     |                                                                  -54 |                                                               -2 |     |               — |     | Cost of sales                                                                                                      |                                      844 |
| Total                                             |                                    1,561 |     |                                                                 -311 |                                                               62 |     |            -356 |     |                                                                                                                    |                                      956 |

1. The cash flow hedge reserve balance as of December 31, 2024 also includes 365 deferred gains for the Company's share of such reserves at its equity method

investments, which are not disclosed above.

265

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

.

|                                                                 |                      December 31, 2023 |     |                       |     |                           |     |                                                                                         |
|:----------------------------------------------------------------|---------------------------------------:|:----|----------------------:|:----|--------------------------:|:----|:----------------------------------------------------------------------------------------|
| Hedging Instruments                                             | Nominal amount ofthe hedginginstrument |     | Assets carryingamount |     | Liabilitiescarryingamount |     | Line item in the statement of financial position wherethe hedging instrument is located |
| Cash flow hedges                                                |                                        |     |                       |     |                           |     |                                                                                         |
| Foreign exchange risk - Option/Forward contracts                |                                  2,840 |     |                    12 |     |                       -50 |     | Prepaid expenses and other current assets/Accruedexpenses and other liabilities         |
| Foreign exchange risk - Option/Forward/Swap contracts           |                                      — |     |                     — |     |                         — |     | Other assets/Other long-term obligations                                                |
| Price risk - Commodities forwards                               |                                  1,118 |     |                   361 |     |                       -70 |     | Prepaid expenses and other current assets/Accruedexpenses and other liabilities         |
| Price risk - Commodities forwards                               |                                    524 |     |                   127 |