Company: MT
Filing Date: 2025-03-10
Form Type: 20-F
Source: 0001243429-25-000017
Chunk: 404

Company: ArcelorMittal
Filing Date: 2025-03-10
Form: 20-F
Chunk 404
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 |     |                        16,643 |     |                   1,100 |     |                996 |     |        1,897 |     | 24,182 |
| Carrying amount                                        |                                |     |                               |     |                         |     |                    |     |              |     |        |
| At December 31, 2023                                   |                          7,031 |     |                        17,813 |     |                   6,260 |     |              1,344 |     |        1,208 |     | 33,656 |
| At December 31, 2024                                   |                          6,503 |     |                        16,810 |     |                   7,253 |     |              1,240 |     |        1,505 |     | 33,311 |

1. Other movements predominantly represent transfers from construction in progress to other categories and retirement of fully depreciated assets and capitalization of

borrowing costs.

2. Machinery, equipment and other includes biological assets of 74 and 64 as of December 31, 2024 and 2023, respectively, and bearer plants of 47 and 51 as of

December 31, 2024 and 2023, respectively.

C api tal expenditures relating to decarbonization In 2024, capital expenditures relating to decarbonization projects amounted to 0.3 billion and related mainly to the Europe reportable segment. In 2023, they amounted to 0.2 billion mainly with respect to the ArcelorMittal Dofasco (Canada) DRI/EAF project. Assets pledged as security See note 9.4 for information about assets pledged as security by the Company. Capital commitments See note 9.4 for information about contractual commitments for acquisition of property, plant and equipment by the Company. Other information The carrying amount of temporarily idle property, plant and equipment at December 31, 2024 and 2023 was 286 and 264

242

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

including mainly 30 and 41 in Brazil, 164 and 112 in the Europe segment and 87 and 105 in Others, respectively. The carrying amount of property, plant and equipment retired from active use and not classified as held for sale was 1 and 22 at December 31, 2024 and 2023