Company: MT
Filing Date: 2025-03-10
Form Type: 20-F
Source: 0001243429-25-000017
Chunk: 386

Company: ArcelorMittal
Filing Date: 2025-03-10
Form: 20-F
Chunk 386
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 relating to the

Company's trade receivable and other for the years ended

December 31, 2024, 2023 and 2022.

|                                                                                           | Year ended December 31, 
                    2024 |     |    2023 |     |    2022 |
|:------------------------------------------------------------------------------------------|------------------------:|:----|--------:|:----|--------:|
| Trade accounts receivable andother - opening balance                                      |                   3,661 |     |   3,839 |     |   5,143 |
| Performance obligationssatisfied                                                          |                  62,441 |     |  68,275 |     |  79,844 |
| Payments received                                                                         |                 -62,249 |     | -68,590 |     | -80,977 |
| Impairment of receivables (netof write backs and utilization)                             |                     -18 |     |    -165 |     |       — |
| Recognition (derecognition) ofreceivables related to businesscombination and divestments1 |                      31 |     |     189 |     |     190 |
| Foreign exchange and others                                                               |                    -491 |     |     113 |     |    -361 |
| Trade accounts receivable andother - closing balance                                      |                   3,375 |     |   3,661 |     |   3,839 |

1. 2024 consists receivables acquired as part of acquisition of Italpannelli SRL.

2023 mainly included receivables acquired as part of acquisition of

ArcelorMittal Pecém (see note 2.2.4) and receivables from ArcelorMittal

Temirtau recognized upon disposal partially offset by the derecognition of

ArcelorMittal Temirtau's receivables (see note 2.3). 2022 included mainly

receivables acquired as part of acquisition of ArcelorMittal Texas HBI (see

note 2.2.4).

4.2 Cost of sales

Cost of sales includes the following components:

|                                                                                    | Year ended December 31, 
                    2024 |     |   2023 |     |   2022 |
|:-----------------------------------------------------------------------------------|------------------------:|:----|-------:|:----|-------:|
| Materials                                                                          |                  41,932 |     | 46,422 |     |