Company: MT
Filing Date: 2025-03-10
Form Type: 20-F
Source: 0001243429-25-000017
Chunk: 463

Company: ArcelorMittal
Filing Date: 2025-03-10
Form: 20-F
Chunk 463
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 equipment or to restore a site at the end of its useful life, mainly in connection with mining operations. As of December 31, 2024 , ArcelorMittal had established provisions for AROs of 478 , including mainly 159 for Brazil, 134 for Canada, 59 for Mexico, 52 for Ukraine and 46 for Germany, As of December 31, 2024, AROs related to mining activities and total undiscounted amount of site restoration obligations amounted to 424 and 984 , respectively. Additions to AROs in 2024 included 136 related to the decommissioning of the Serra Azul mine (Brazil) tailing dam scheduled to begin in 2025. AROs in Canada relate to site restoration and dismantling of the facilities near the mining sites in Mont-Wright and Fire Lake, and the accumulation area of mineral substances at the facility of Port-Cartier in Quebec, upon closure of the mines pursuant to the restoring plan of the mines. In addition, Dofasco has legal obligations for the former Sherman Mine site near Temagami, Ontario. AROs in Mexico relate to the restoration costs of the Las Truchas, El Volcan, San Jose and the joint operation Peña Colorada iron ore mines. AROs in Ukraine are legal obligations for site rehabilitation at the iron ore mining site in Kryvyi Rih, upon closure of the mine pursuant to its restoration plan. In Germany, AROs principally relate to the Hamburg site, which operates on leased land with the contractual obligation to remove all buildings and other facilities upon the termination of the lease, and to the Prosper coke plant in Bottrop for filling the basin, restoring the layer and stabilizing the shoreline at the harbor. 9.2 Other long-term obligations

|                                                           | Balance at December 31, |     |       |
|                                                           |                    2024 |     |  2023 |
| Derivative financial instruments (notes 6.1and 6.3)       |                     343 |     |    76 |
| Payable from acquisition of financialassets               |                     302 |     |   125 |
| Unfavorable contracts                                     |                     156 |     |   233 |
| Income tax payable                                        |                     156 |     |   185 |
| Put option liability ArcelorMittal Texas HBI(note 11.5.2) |                     176 |     |