Company: MT
Filing Date: 2025-03-10
Form Type: 20-F
Source: 0001243429-25-000017
Chunk: 202

Company: ArcelorMittal
Filing Date: 2025-03-10
Form: 20-F
Chunk 202
---
 associates, joint ventures and other investments amounted to $ 1,184 million for the year ended December 31, 2023, as compared to $ 1,317 million for the year ended December 31, 2022. Income from investments in associates, joint ventures and other investments benefited from higher contributions from AMNS India and Chinese investees in 2023. Income from investments in associates, joint ventures and other investments included the annual dividend from Erdemir of $117 million in 2022, with no such dividend received in 2023. Income from investments in associates, joint ventures and other investments was lower at $ 711 million for the first half of 2023, as compared to $ 1,137 million for the first half of 2022, primarily due to lower contributions from AMNS Calvert and European investees, which experienced similar dynamics to those affecting the Company, partially offset by the higher contribution from AMNS India. Income from investments in associates, joint ventures and other investments was higher at $ 473 million for the second half of 2023, as compared to $ 180 million for the second half of 2022, primarily due to higher contributions from AMNS India and Chinese investees, partially offset by the lower contribution from European investees. Impairment of investments in associates, joint ventures and other investments amounted to nil, $1,405 million and nil for the years ended December 31, 2024, 2023 and 2022. The impairment charge recognized in 2023 related to ADI due to a downward revision of expected future cash flows and the then- uncertainty regarding its future.

| Sustainable Solutions                      |                                            |     |        |     |        |
|                                            | Performance for the yearended December 31, |     |        |     |        |
| (in millions of USD unlessotherwise shown) |                                       2024 |     |   2023 |     |   2022 |
| Sales                                      |                                     10,722 |     | 11,467 |     | 13,658 |
| Depreciation                               |                                       -178 |     |   -143 |     |   -108 |
| Operating  income                          |                                         57 |     |    225 |     |    778 |

Sales Sales in the Sustainable Solutions segment were $ 10.7 billion for the year ended December 31, 2024, representing a 6.5% decrease as compared