Company: MT
Filing Date: 2025-03-10
Form Type: 20-F
Source: 0001243429-25-000017
Chunk: 424

Company: ArcelorMittal
Filing Date: 2025-03-10
Form: 20-F
Chunk 424
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 deposits       |          949 |     |   774 |
| Money market funds1 |        1,096 |     | 1,507 |
| Total               |        6,400 |     | 7,686 |

1 Money market funds are highly liquid investments with a maturity of 3 months

or less from the date of acquisition.

Restricted cash represents cash and cash equivalents not

readily available to the Company, mainly related to insurance

deposits, cash accounts in connection with environmental

obligations and true sale of receivables programs, as well as

various other deposits or required balance obligations related to

letters of credit and credit arrangements.

Restricted cash of 84 as of December 31, 2024 and 97 as of

December 31, 2023 included 68 and 54 relating to various

environmental obligations, true sales of receivables programs

and letters of credit issued in ArcelorMittal South Africa. It also

included 13 and 13 in connection with the mandatory convertible

bonds as of December 31, 2024 and December 31, 2023 ,

respectively (see note 11.2 ).

Changes in restricted cash are included within investing

activities in the consolidated statements of cash flows.

Reconciliation of liabilities arising from financing activities

The table below details changes in the Company's liabilities

arising from financing activities, including both cash and non-

cash changes. Liabilities arising from financing activities are

those for which cash flows were, or future cash flows will be

classified in the Company's consolidated statements of cash

flows from financing activities.

|                                                              | Long-term debt, net of currentportion |     | Short-term debt and currentportion of long term debt |
| Balance as of December 31, 2022 (note 6.1.2)                 |                                 9,067 |     |                                                2,583 |
| Proceeds from long-term debt                                 |                                   134 |     |                                                    — |
| Payments of long-term debt                                   |                                   -16 |     |                                                    — |
| Amortized cost                                               |                                     8 |     |                                                   -3 |
| Proceeds from short-term debt                                |                                     — |     |                                                  218 |
| Payments of short-term debt                                  |                                     — |     |                                               -1,670 |
| Current portion of long-term debt                            |                                -1,332 |     |                                                1,332 |
| Payments