Company: MT
Filing Date: 2025-03-10
Form Type: 20-F
Source: 0001243429-25-000017
Chunk: 410

Company: ArcelorMittal
Filing Date: 2025-03-10
Form: 20-F
Chunk 410
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 thereafter. Average selling prices are expected to remain stable during the explicit years for both facilities. The following changes in key assumptions in projected earnings in every year of initial 5 -year period and perpetuity of AMSA's and AMKR's operations, assuming unchanged values for the other assumptions, would cause the recoverable amount to equal the carrying amount:

|                                                           | AMSA | AMKR |
| Excess of recoverable amount over carryingamount          |   74 |  143 |
| Increase in pre-tax discount rate (change inbasis points) |  115 |  181 |
| Decrease in average selling price (change in %)           | 0.6% | 1.7% |
| Decrease in shipments (change in %)                       | 2.7% | 5.7% |

Impairment test of property, plant and equipment and intangibles (excluding goodwill) At each reporting date, ArcelorMittal reviews the carrying amounts of its intangible assets (excluding goodwill) and tangible assets to determine whether there is any indication that the carrying amount of those assets may not be recoverable through continuing use, or that a reversal of previous periods' impairment charges may be required . If any such indication exists, the recoverable amount of the asset (or CGU) is reviewed in order to determine the amount of the impairment (or reversal of prior periods' impairment charges) , if any. The recoverable amount is the higher of its fair value less cost of disposal and its value in use. In estimating its value in use, the estimated future cash flows are discounted to their present value using a pre-tax discount rate that reflects current market assessments of the time value of money and the risks specific to the asset (or cash-generating unit). For an asset that does not generate cash inflows largely independent of those from other assets, the recoverable amount is determined for the CGU to which the asset belongs. The CGU is the smallest identifiable group of assets corresponding to operating units that generate cash inflows. If the recoverable amount of an asset (or CGU) is estimated to be less than its carrying amount, an impairment loss is recognized. An impairment loss is recognized as an expense immediately as part of cost of sales (see note 4.2) in the consolidated statements of operations. In the case of permanently idled assets, the impairment is measured at the individual asset level. Otherwise, the Company’s assets are measured for impairment at the CGU level.