Company: MT
Filing Date: 2025-03-10
Form Type: 20-F
Source: 0001243429-25-000017
Chunk: 438

Company: ArcelorMittal
Filing Date: 2025-03-10
Form: 20-F
Chunk 438
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303 |     | Short-term debtand currentportion of long-term debt; long-term debt, net ofcurrent portion |     | —                                                              |     | N/a                                                                                             |     |                               564 |
| Total                                      |                                 4,319 |     | —                    |     |                     4,303 |     |                                                                                            |     | —                                                              |     |                                                                                                 |     |                               634 |

| Hedging Instruments                        |                     December 31, 2023 
 Nominalamount ofthe hedginginstrument |     | Assetscarryingamount |     | Liabilitiescarryingamount |     | Line item in thestatement offinancial positionwhere the hedginginstrument islocated       |     | Change invalue used forcalculatinghedgeineffectivenessfor 2023 |     | Line item in thestatement ofcomprehensiveincome that includesthe recognizedhedgeineffectiveness |     | Foreigncurrencytranslationreserve |
|:-------------------------------------------|--------------------------------------:|:----|:---------------------|:----|--------------------------:|:----|:------------------------------------------------------------------------------------------|:----|:---------------------------------------------------------------|:----|:------------------------------------------------------------------------------------------------|:----|----------------------------------:|
| Net investment hedges                      |                                       |     |                      |     |                           |     |                                                                                           |     |                                                                |     |                                                                                                 |     |                                   |
| Foreign exchange risk -Cross Currency Swap |                                     — |     | —                    |     |                         — |     | N/a                                                                                       |     | —                                                              |     | N/a                                                                                             |     |                                70 |
| Foreign exchange risk - EURdebt            |                                 4,017 |     | —                    |     |                     4,009 |     | Short-term debtand current portionof long-term debt;long-term debt, netof current portion |     | —                                                              |     | N/a                                                                                             |     |                               332 |
| Total                                      |                                 4,017 |     | —                    |     |                     4,009 |     |                                                                                           |     | —                                                              |     |                                                                                                 |     |                               402 |

267

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

Raw materials, freight, energy risks and emission rights The Company is exposed to risks in fluctuations in prices of raw materials (including base metals such as zinc, nickel, aluminum, tin, copper and iron ore), freight and energy, both