Company: MT
Filing Date: 2025-03-10
Form Type: 20-F
Source: 0001243429-25-000017
Chunk: 363

Company: ArcelorMittal
Filing Date: 2025-03-10
Form: 20-F
Chunk 363
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 -318 |
| Income tax benefit (expense)                                |     |                            -273 |     |                            25 |     |                         — |     |                      -37 |     |                        -13 |     |                               -55 |     |                                               -8 |     |   -361 |
| Income (loss) from continuingoperations                     |     |                             323 |     |                           106 |     |                       102 |     |                      249 |     |                         57 |     |                                90 |     |                                               29 |     |    956 |
| Other comprehensive income (loss)                           |     |                            -139 |     |                             — |     |                        71 |     |                        — |     |                          6 |     |                                22 |     |                                               -1 |     |    -41 |
| Total comprehensive income (loss)                           |     |                             184 |     |                           106 |     |                       173 |     |                      249 |     |                         63 |     |                               112 |     |                                               28 |     |    915 |
| Cash dividends received by theCompany                       |     |                               — |     |                             — |     |                        65 |     |                        — |     |                         13 |     |                                52 |     |                                                — |     |    130 |

1. The country of incorporation corresponds to the country of operation except for Tameh whose country of operation is also the Czech Republic.

2. Ownership interest in Borçelik was 45.33% and 50.00% based on issued shares and outstanding shares, respectively, at December 31, 2022; voting interest was 48.01%

at December 31, 2022.

3. Adjustment in Borçelik relates primarily to differences in accounting policies regarding revaluation of fixed assets.

4. Adjustments in AMNS India correspond primarily to transaction costs incurred to set up the joint venture and the fair value of the guarantee of the joint venture's debt (see

note 9.4).

5. Includes AMNS Luxembourg, AMNS India and intermediate holding entities.

6. Includes Acciaierie d'Italia summarized statement of financial position as of December 31, 2022 adjusted for the fair value adjustments at divestment date.

7. Adjustments in Calvert primarily relate to differences in accounting policies regarding inventory valuation.

220

| Consolidated financial statements                          |
| (millions