Company: MT
Filing Date: 2025-03-10
Form Type: 20-F
Source: 0001243429-25-000017
Chunk: 435

Company: ArcelorMittal
Filing Date: 2025-03-10
Form: 20-F
Chunk 435
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 |               40 |     |         71 |     |         179 |     |  244 |     |      1,027 |

1. The cash flow hedge reserve balance as of December 31, 2023 also includes 417 deferred gains for the Company's share of such reserves at its equity method investments, which are not included in the table above ( 1,023 as of December 31, 2022).

264

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

The following tables summarize the effect of hedge accounting on ArcelorMittal’s consolidated statement of financial position, statement

of comprehensive income and statement of changes in equity.

|                                                                 |                      December 31, 2024 |     |                      |     |                           |     |                                                                                        |
|:----------------------------------------------------------------|---------------------------------------:|:----|---------------------:|:----|--------------------------:|:----|:---------------------------------------------------------------------------------------|
| Hedging Instruments                                             | Nominal amount ofthe hedginginstrument |     | Assetscarryingamount |     | Liabilitiescarryingamount |     | Line item in the statement of financialposition where the hedging instrumentis located |
| Cash flow hedges                                                |                                        |     |                      |     |                           |     |                                                                                        |
| Foreign exchange risk - Option/forward/swapcontracts            |                                  1,472 |     |                    9 |     |                       -54 |     | Prepaid expenses and other currentassets/Accrued expenses and otherliabilities         |
| Foreign exchange risk - Option/forward/swapcontracts            |                                  1,326 |     |                   43 |     |                      -192 |     | Other assets/Other long-termobligations                                                |
| Price risk - Commodities Options/forwards                       |                                    354 |     |                   50 |     |                       -31 |     | Prepaid expenses and other currentassets/Accrued expenses and otherliabilities         |
| Price risk - Commodities Options/forwards                       |                                    254 |     |                   61 |     |                       -19 |     | Other assets/Other long-termobligations                                                |
| Price risk - Emission rights forwards                           |                                      — |     |                    — |     |                         — |     | Prepaid expenses and other currentassets/Accrued expenses and otherliabilities         |
| Total                                                           |                                        |     |                  163