Company: MT
Filing Date: 2025-03-10
Form Type: 20-F
Source: 0001243429-25-000017
Chunk: 392

Company: ArcelorMittal
Filing Date: 2025-03-10
Form: 20-F
Chunk 392
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 25 |     |    27 |
| Receivables from sale of intangible, tangibleand financial assets |           68 |     |   100 |
| Income tax receivable                                             |           49 |     |    91 |
| Other1                                                            |          246 |     |   185 |
| Total                                                             |        1,578 |     | 1,859 |

1. Other mainly include s assets in pension funds and other amounts receivable .

2. Includes 197 and 342 of outstanding receiv ables in connection with the sale

of ArcelorMittal Temirtau, at December 31, 2024 and 2023, respectively (see

note 2.3).

4.7 Trade accounts payable and other Trade accounts payable are obligations to pay for goods that have been acquired in the ordinary course of business from suppliers. Trade accounts payable have maturities from 15 to

235

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

180days depending on the type of material, the geographic area in which the purchase transaction occurs and the various contractual agreements. The carrying value of trade accounts payable approximates fair value. The Company’s average outstanding number of trade payable days amounted to 83 over the last 5 years. Certain contractual arrangements with the longest maturities enable suppliers, at their own discretion, to early discount their receivables due from the Company to obtain funding for their own working capital needs. The Company has determined that such arrangements did neither lead to the extinguishment of the liability against the supplier nor resulted in significant modifications of amounts payable and applicable terms and conditions. Accordingly, in the consolidated statement of financial position the corresponding payables remain classified as trade accounts payables until they are settled at their agreed due dates, and the corresponding cash outflows are classified as part of the operating activities in the consolidated statement of cash flows. As of December 31, 2024, the Company estimates that about 2.8 billion of outstanding trade payables were subject to the above-mentioned contractual arrangements as compared to 2.9 billion in 2023 and the Company estimates that similar amounts of trade payables were early discounted by its suppliers in 2024 and 2023. 4.8 Accrued expenses and other liabilities

Accrued expenses and other liabilities were comprised of the

following:

|                                                                    | December 31, |     |       |
|