Company: MT
Filing Date: 2025-03-10
Form Type: 20-F
Source: 0001243429-25-000017
Chunk: 448

Company: ArcelorMittal
Filing Date: 2025-03-10
Form: 20-F
Chunk 448
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 Mortality and retirement rates are based on actual and projected plan experience. Statements of Financial Position Total deferred employee benefits including pension or other

post-employment benefits, are as follows:

|                                                                              | December 31, |     |       |
|                                                                              |         2024 |     |  2023 |
| Pension plan benefits                                                        |        1,310 |     | 1,594 |
| Other post-employment benefits and otherlong-term employee benefits ("OPEB") |          884 |     |   967 |
| Termination benefits                                                         |          117 |     |   134 |
| Defined benefit liabilities                                                  |        2,311 |     | 2,695 |
| Provisions for social plans (non-current)                                    |           27 |     |    46 |
| Total                                                                        |        2,338 |     | 2,741 |

This note, including the table above, discloses the following benefit categories: • pension plan benefits are pension plans and lump sum benefits that are classified under post-employment benefits as required by IAS 19 which are not mandatory by law; • other post-employment and other long-term employee benefits, also referred to as, OPEB which includes all

273

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

other post-employment benefits as defined in IAS 19 (e.g. lump sum benefits which are mandatory by law, medical insurance and life insurance) together with all other long-term employee benefits as defined in IAS 19; • termination benefits, which relate to provisions for long term termination benefits as defined in IAS 19 (e.g. early retirement benefits). The provisions for termination benefits relate to European countries (Belgium and Germany) ; and • provisions for social plans (non-current) which relate to provisions for social plans in restructuring provisions as required by IAS 37. Pension plans This section includes post-employment benefits that are pension plan and lump sum benefits which are not mandatory by law . A summary of the significant defined benefit pension plans is as follows: Canada The primary pension plans are those of ArcelorMittal Dofasco, AMMC and ArcelorMittal Long Products Canada. The ArcelorMittal Dofasco pension plan is a hybrid plan providing the benefits of both a defined benefit and defined contribution pension plan. The defined contribution component is financed by both employer and employee contributions. The employer’s defined contribution