Company: MT
Filing Date: 2025-03-10
Form Type: 20-F
Source: 0001243429-25-000017
Chunk: 490

Company: ArcelorMittal
Filing Date: 2025-03-10
Form: 20-F
Chunk 490
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 tax assets that have been recognized in its consolidated financial statements. Where the Company has had a history of recent losses, it relied on convincing other evidence such as the character of (historical) losses and planning opportunities to support the deferred tax assets recognized. As of December 31, 2024 , ArcelorMittal recorded 132 of deferred income tax liabilities in respect of deferred taxation that would arise if temporary differences on investments in subsidiaries, associates and interests in joint ventures were to be realized in the foreseeable future as compared to 168 as of December 31, 2023 . No deferred tax liability has been recognized in respect of other temporary differences on investments in subsidiaries, associates and interests in joint ventures because the Company is able to control the timing of the reversal of the temporary difference and it is probable that such differences will not reverse in the foreseeable future. The amount of these unrecognized deferred tax liabilities is 898 at December 31, 2024 ( 870 at December 31, 2023). 10.5 Tax losses, tax credits and other tax benefits carried

forward

At December 31, 2024 , the Company had total estimated tax

losses carried forward and other tax benefits of 150.2billion .

This includes net operating losses and other tax benefits of 25.5

billion primarily related to subsidiaries in the Basque Country in

Spain, Luxembourg, Mexico, Poland and the United States,

which expire as follows:

| Year expiring |     | Recognized |     | Unrecognized |     |  Total |
| 2025          |     |          9 |     |           66 |     |     75 |
| 2026          |     |         10 |     |           33 |     |     43 |
| 2027          |     |         10 |     |           30 |     |     40 |
| 2028          |     |         16 |     |          181 |     |    197 |
| 2029          |     |         18 |     |          176 |     |    194 |
| 2030 - 2045   |     |        998 |     |       23,961 |     | 24,959 |
| Total         |     |      1,061 |     |       24,447 |     | 25,508 |

The remaining tax losses carried forward and other tax benefits

for an amount of 124