Company: MT
Filing Date: 2025-03-10
Form Type: 20-F
Source: 0001243429-25-000017
Chunk: 444

Company: ArcelorMittal
Filing Date: 2025-03-10
Form: 20-F
Chunk 444
---
    December 31, 2023 |       |
|:------------------------------------|---------------:|----------:|----------:|---------------------:|------:|
|                                     | 1 year or less | 2-3 years | 4-5 years | Greater than 5 years | TOTAL |
| Potential extension options         |              1 |         1 |         — |                    — |     2 |
| Potential termination options       |              — |        -1 |         — |                   -1 |    -2 |
| Potential residual value guarantees |              9 |         9 |         6 |                    — |    24 |

271

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

Undiscounted amounts related to lease contracts not yet commenced and therefore not included in the recognized lease liabilities as of

December 31, 2024 and December 31, 2023, to which the Company is committed are described below:

|                          |                |           |           |    December 31, 2024 |       |
|:-------------------------|---------------:|----------:|----------:|---------------------:|------:|
|                          | 1 year or less | 2-3 years | 4-5 years | Greater than 5 years | TOTAL |
| Leases not yet commenced |              6 |        13 |         7 |                   49 |    75 |

|                          |                |           |           |    December 31, 2023 |       |
|:-------------------------|---------------:|----------:|----------:|---------------------:|------:|
|                          | 1 year or less | 2-3 years | 4-5 years | Greater than 5 years | TOTAL |
| Leases not yet commenced |              4 |        10 |        10 |                   69 |    93 |

There were neither income from subleasing right-of-use assets

nor gains or losses from sales and leaseback for the years

ended December 31, 2024 and December 31, 2023.

NOTE 8: PERSONNEL EXPENSES AND DEFERRED EMPLOYEE BENEFITS 8.1 Employees and key management personnel

As of December 31, 2024 , 2023 and 2022, ArcelorMittal had

approximately 125,000 , 127,000 and 154