falsedesktopMT2019-12-31000124342920000004{"tbl_sim": "https://q10k.com/tbl-sim", "search": "https://q10k.com/search"}{"q10k_tbl_0": "\t\tPage\nPRESENTATION OF FINANCIAL AND CERTAIN OTHER INFORMATION\t\t4\nCAUTIONARY STATEMENT REGARDING FORWARD-LOOKING STATEMENTS\t\t7\nPART I\t\t7\nITEM 1.\tIDENTITY OF DIRECTORS SENIOR MANAGEMENT AND ADVISERS\t7\nITEM 2.\tOFFER STATISTICS AND EXPECTED TIMETABLE\t7\nITEM 3.\tKEY INFORMATION\t7\nA.\tSelected financial data\t7\nB.\tCapitalization and indebtedness\t8\nC.\tReasons for the offer and use of proceeds\t8\nD.\tRisk factors\t9\nITEM 4.\tINFORMATION ON THE COMPANY\t28\nA.\tHistory and development of the Company\t28\nB.\tBusiness overview\t35\nC.\tOrganizational structure\t83\nD.\tProperty plant and equipment\t84\nITEM 4A.\tUNRESOLVED STAFF COMMENTS\t109\nITEM 5.\tOPERATING AND FINANCIAL REVIEW AND PROSPECTS\t109\nA.\tOperating results\t132\nB.\tLiquidity and capital resources\t145\nC.\tResearch and development patents and licenses\t150\nD.\tTrend information\t150\nE.\tOff-balance sheet arrangements\t152\nF.\tTabular disclosure of contractual obligations\t152\nG.\tSafe harbor\t153\nITEM 6.\tDIRECTORS SENIOR MANAGEMENT AND EMPLOYEES\t153\nA.\tDirectors and senior management\t153\nB.\tCompensation\t159\nC.\tBoard practices/corporate governance\t176\nD.\tEmployees\t185\nE.\tShare ownership\t190\nITEM 7.\tMAJOR SHAREHOLDERS AND RELATED PARTY TRANSACTIONS\t192\nA.\tMajor shareholders\t192\nB.\tRelated party transactions\t193\nC.\tInterest of experts and counsel\t194\nITEM 8.\tFINANCIAL INFORMATION\t194\nA.\tConsolidated statements and other financial information\t194\nB.\tSignificant changes\t195\nITEM 9.\tTHE OFFER AND LISTING\t195\nA.\tOffer and listing details\t195\nB.\tPlan of distribution\t195\nC.\tMarkets\t195\nD.\tSelling shareholders\t196\nE.\tDilution\t196\nF.\tExpenses of the issue\t196\nITEM 10.\tADDITIONAL INFORMATION\t196\n", "q10k_tbl_1": "A.\tShare capital\t196\nB.\tMemorandum and Articles of Association\t196\nC.\tMaterial contracts\t207\nD.\tExchange controls\t208\nE.\tTaxation\t208\nF.\tDividends and paying agents\t213\nG.\tStatements by experts\t213\nH.\tDocuments on display\t213\nI.\tSubsidiary information\t214\nITEM 11.\tQUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK\t214\nITEM 12.\tDESCRIPTION OF SECURITIES OTHER THAN EQUITY SECURITIES\t216\nA.\tDebt securities\t216\nB.\tWarrants and rights\t216\nC.\tOther securities\t216\nD.\tAmerican depositary shares\t217\nPART II\t\t217\nITEM 13.\tDEFAULTS DIVIDEND ARREARAGES AND DELINQUENCIES\t217\nITEM 14.\tMATERIAL MODIFICATIONS TO THE RIGHTS OF SECURITY HOLDERS AND USE OF PROCEEDS\t217\nITEM 15.\tCONTROLS AND PROCEDURES\t217\nITEM 16A.\tAUDIT & RISK COMMITTEE FINANCIAL EXPERT\t220\nITEM 16B.\tCODE OF ETHICS\t220\nITEM 16C.\tPRINCIPAL ACCOUNTANT FEES AND SERVICES\t220\nITEM 16D.\tEXEMPTIONS FROM THE LISTING STANDARDS FOR AUDIT COMMITTEES\t220\nITEM 16E.\tPURCHASES OF EQUITY SECURITIES BY THE ISSUER AND AFFILIATED PURCHASERS\t221\nITEM 16F.\tCHANGE IN REGISTRANT'S CERTIFYING ACCOUNTANT\t221\nITEM 16G.\tCORPORATE GOVERNANCE\t221\nITEM 16H.\tMINE SAFETY DISCLOSURE\t221\nPART III\t\t222\nITEM 17.\tFINANCIAL STATEMENTS\t222\nITEM 18.\tFINANCIAL STATEMENTS\t222\nITEM 19.\tEXHIBITS\t222\n", "q10k_tbl_2": "Name of Subsidiary\tAbbreviation\tCountry\nNAFTA\t\t\nArcelorMittal Dofasco G.P.\tArcelorMittal Dofasco\tCanada\nArcelorMittal México S.A. de C.V.\tArcelorMittal Mexico\tMexico\nArcelorMittal USA LLC\tArcelorMittal USA\tUSA\nArcelorMittal Long Products Canada G.P.\tArcelorMittal Long Products Canada\tCanada\nBrazil and neighboring countries (\"Brazil\")\t\t\nArcelorMittal Brasil S.A.\tArcelorMittal Brasil\tBrazil\nAcindar Industria Argentina de Aceros S.A.\tAcindar\tArgentina\nEurope\t\t\nArcelorMittal France S.A.S.1\tArcelorMittal France\tFrance\nArcelorMittal Belgium N.V.\tArcelorMittal Belgium\tBelgium\nArcelorMittal España S.A.\tArcelorMittal España\tSpain\nArcelorMittal Flat Carbon Europe S.A.\tAMFCE\tLuxembourg\nArcelorMittal Poland S.A.\tArcelorMittal Poland\tPoland\nArcelorMittal Eisenhüttenstadt GmbH\tArcelorMittal Eisenhüttenstadt\tGermany\nArcelorMittal Bremen GmbH\tArcelorMittal Bremen\tGermany\nArcelorMittal Méditerranée S.A.S.\tArcelorMittal Méditerranée\tFrance\nArcelorMittal Belval & Differdange S.A.\tArcelorMittal Belval & Differdange\tLuxembourg\nArcelorMittal Hamburg GmbH\tArcelorMittal Hamburg\tGermany\nArcelorMittal Duisburg GmbH\tArcelorMittal Duisburg\tGermany\nArcelorMittal International Luxembourg S.A.\tArcelorMittal International Luxembourg\tLuxembourg\nArcelorMittal Italia S.p.A.\tArcelorMittal Italia\tItaly\nAfrica and Commonwealth of Independent States (\"ACIS\")\t\t\nArcelorMittal South Africa Ltd.\tArcelorMittal South Africa\tSouth Africa\nJSC ArcelorMittal Temirtau\tArcelorMittal Temirtau\tKazakhstan\nPJSC ArcelorMittal Kryvyi Rih\tArcelorMittal Kryvyi Rih\tUkraine\nMining\t\t\nArcelorMittal Mining Canada G.P. and ArcelorMittal Infrastructure Canada G.P.\tArcelorMittal Mines and Infrastructure Canada (\"AMMC\")\tCanada\nArcelorMittal Liberia Ltd\tArcelorMittal Liberia\tLiberia\nJSC ArcelorMittal Temirtau\tArcelorMittal Temirtau\tKazakhstan\nPJSC ArcelorMittal Kryvyi Rih\tArcelorMittal Kryvyi Rih\tUkraine\n", "q10k_tbl_3": "ARS\tArgentine Peso the official currency of Argentina\tExecutive Officers\tthose executives of the Company who are supporting the CEO Office and jointly with the CEO Office represent the senior management of the Company\nArticles of Association\tthe amended and restated articles of association of ArcelorMittal dated May 16 2018 filed as Exhibit 1.1 hereto\tGMB\tthe Group Management Board the former senior management body which was replaced by the CEO Office as of January 1 2016. The CEO Office supported by five Executive Officers makes up the Company's senior management\nAUD$ or AUD\tAustralian dollars the official currency of Australia\tGreenfield project\tthe development of a new project\nBrownfield project\tthe expansion of an existing operation\tIron pellets\tagglomerated ultra-fine iron ore particles of a size and quality suitable for use in steel-making processes\nC$ or CAD\tCanadian dollars the official currency of Canada\tKilometers\tmeasures of distance are stated in kilometers each of which equals approximately 0.62 miles or in meters each of which equals approximately 3.28 feet\nCEO Office\tthe Chairman and Chief Executive Officer Mr. Lakshmi N. Mittal and the President and Chief Financial Officer Mr. Aditya Mittal\tKZT\tthe Kazakhstani tenge the official currency of Kazakhstan\nCIS\tthe countries of the Commonwealth of Independent States\tMetallurgical coal\ta broader term than coking coal that includes all coals used in steelmaking such as coal used for the pulverized coal injection (\"PCI\") process\nCNY\tChinese yuan the official currency of China\tPLN\tPolish złoty the offcial currency of Poland\nCoking coal\tcoal that by virtue of its coking properties is used in the manufacture of coke which is used in the steelmaking process\tProduction capacity\tthe annual production capacity of plant and equipment based on existing technical parameters as estimated by management\nCrude steel\tthe first solid steel product upon solidification of liquid steel including ingots from conventional mills and semis (e.g. slab billet and blooms) from continuous casters\tPs or MXN\tthe Mexican peso the official currency of the United Mexican States\nDownstream\tfinishing operations: flat products - the process after the production of hot-rolled coil/plates and long products - the process after the production of blooms/billets (including production of bars wire rods SBQ etc.)\tReal reais or R$\tBrazilian reais the official currency of Brazil\nDMTU or dmtu\tdry metric tonne unit\tROM\trun of mine - mined iron ore or coal to be fed to a preparation and/or concentration process\nDRI\tdirect reduced iron a metallic iron formed by removing oxygen from iron ore without the formation of or passage through a smelting phase. DRI can be used as feedstock for steel production\tSales\tinclude shipping and handling fees and costs billed to a customer in a sales transaction\nEnergy coal\tcoal used as a fuel source in electrical power generation cement manufacture and various industrial applications. Energy coal may also be referred to as steam or thermal coal\tSBQ\tspecial bar quality steel a high-quality long product\nEuro euros EUR or €\tthe official currency of the European Union (\"EU\") member states participating in the European Monetary Union\tSignificant Shareholder\ta trust (HSBC Trustee (C.I.) Limited as trustee) of which Mr. Lakshmi N. Mittal Mrs. Usha Mittal and their children are the beneficiaries\n", "q10k_tbl_4": "(Amounts in $ millions except per share data)\tYear ended December 31\t\t\t\t\n\t2019\t2018\t2017\t2016\t2015\nSales\t70615\t76033\t68679\t56791\t63578\nOperating (loss) income\t(627)\t6539\t5434\t4161\t(4161)\nNet (loss) income from continuing operations (including non-controlling interest)\t(2391)\t5330\t4575\t1734\t(8423)\nNet (loss) income attributable to equity holders of the parent\t(2454)\t5149\t4568\t1779\t(7946)\nNet (loss) income (including non-controlling interest)\t(2391)\t5330\t4575\t1734\t(8423)\n(Loss) earnings per common share (in U.S. dollars)\t\t\t\t\t\nBasic (loss) earnings per common share1 2\t(2.42)\t5.07\t4.48\t1.87\t(10.29)\nDiluted (loss) earnings per common share1 2\t(2.42)\t5.04\t4.46\t1.86\t(10.29)\nDividends declared per share3\t0.30\t0.20\t0.10\t0\t0\n", "q10k_tbl_5": "(Amounts in $ millions except share data)\tAs of December 31\t\t\t\t\n\t2019\t2018\t2017\t2016\t2015\nTotal assets\t87908\t91249\t85297\t75142\t76846\nNet assets\t40483\t44108\t40855\t32325\t27570\nShare capital\t364\t364\t401\t401\t10011\nBasic weighted average common shares outstanding (millions)2\t1013\t1015\t1020\t953\t772\nDiluted weighted average common shares outstanding (millions)2\t1013\t1021\t1024\t955\t772\n", "q10k_tbl_6": "\tFor the year ended December 31\t\nLost time injury frequency rate\t2019\t2018\nMining\t0.97\t0.61\nNAFTA\t0.58\t0.53\nBrazil\t0.36\t0.36\nEurope\t1.00*\t0.93*\nACIS\t0.69\t0.61\nTotal Steel\t0.73*\t0.70*\nTotal (Steel and Mining)\t0.75*\t0.69*\nArcelorMittal Italia\t11.13\t8.20\nTotal (Steel and Mining) including ArcelorMittal Italia\t1.21\t0.73\n", "q10k_tbl_7": "Millions of metric tonnes\tConsumption\tSourced from own mines/facilities2\tOther sources\tSelf-sufficiency %\nIron ore\t115.2\t59.3\t55.9\t52%\nPCI & coal1\t46.5\t5.7\t40.8\t12%\nCoke\t27.8\t26.3\t1.5\t95%\nScrap & DRI\t34.4\t18.6\t15.8\t54%\n", "q10k_tbl_8": "Facility\tNumber of Facilities\tCapacity (in million tonnes per year)1\tProduction in 2019 (in million tonnes)2\nCoke Oven Battery\t62\t31.9\t24.5\nSinter Plant\t28\t93.4\t65.3\nBlast Furnace\t51\t93.7\t67.4\nBasic Oxygen Furnace (including Tandem Furnace)\t66\t96.9\t72.1\nDRI Plant\t13\t9.4\t6.5\nElectric Arc Furnace\t33\t27.6\t17.0\nContinuous Caster-Slabs\t44\t87.7\t63.2\nHot Rolling Mill\t20\t74.5\t52.9\nPickling Line\t31\t33.6\t16.0\nTandem Mill\t34\t40.5\t25.9\nAnnealing Line (continuous / batch)\t46\t20.7\t10.1\nSkin Pass Mill\t31\t18.2\t7.9\nPlate Mill\t10\t5.4\t2.2\nContinuous Caster-Bloom / Billet\t32\t31.0\t20.3\nBreakdown Mill (Blooming / Slabbing Mill)\t3\t10.7\t4.3\nBillet Rolling Mill\t3\t2.6\t1.5\nSection Mill\t23\t12.3\t7.1\nBar Mill\t21\t8.7\t5.7\nWire Rod Mill\t17\t11.2\t7.2\nHot Dip Galvanizing Line\t51\t20.0\t15.9\nElectro Galvanizing Line\t11\t2.0\t0.9\nTinplate Mill\t16\t3.3\t1.7\nTin Free Steel (TFS)\t2\t0.4\t0.1\nColor Coating Line\t17\t2.8\t1.7\nSeamless Pipes\t5\t0.6\t0.1\nWelded Pipes\t77\t4.8\t1.2\n", "q10k_tbl_9": "NAFTA\t\t\tCrude Steel\t\t\nUnit\tCountry\tLocations\tProduction in 2019 (in million tonnes per year)1\tType of plant\tProducts\nArcelorMittal USA\tUSA\tWarren OH\tn/a\tCoke-Making\tCoke\nArcelorMittal USA\tUSA\tMonessen PA\tn/a\tCoke-Making\tCoke\nArcelorMittal USA 2 3 4\tUSA\tEast Chicago IN\t4.5\tIntegrated\tFlat\nArcelorMittal USA\tUSA\tBurns Harbor IN\t4.2\tIntegrated\tFlat\nArcelorMittal USA\tUSA\tCleveland OH\t3.0\tIntegrated\tFlat\nArcelorMittal USA\tUSA\tRiverdale IL\t0.7\tIntegrated\tFlat\nArcelorMittal USA\tUSA\tCoatesville PA\t0.3\tMini-mill\tFlat\nArcelorMittal USA\tUSA\tColombus OH\tn/a\tDownstream\tFlat\nI/N Tek\tUSA\tNew Carlisle IN\tn/a\tDownstream\tFlat\nArcelorMittal USA 5\tUSA\tConshohocken PA\tn/a\tDownstream\tFlat\nArcelorMittal USA\tUSA\tWeirton WV\tn/a\tDownstream\tFlat\nArcelorMittal USA 6\tUSA\tGary IN\tn/a\tDownstream\tFlat\nDouble G\tUSA\tJackson MS\tn/a\tDownstream\tFlat\nArcelorMittal Dofasco 7\tCanada\tHamilton\t3.3\tIntegrated Mini-mill\tFlat\nArcelorMittal Mexico\tMexico\tLázaro Cárdenas Celaya\t3.7\tMini-mill Integrated and Downstream\tFlat Long/ Bar Wire Rod\nArcelorMittal Long Products Canada\tCanada\tContrecoeur East West\t2.0\tMini-mill\tLong/ Wire Rod Bars Slabs\nArcelorMittal USA\tUSA\tSteelton PA\t0.2\tMini-mill\tLong/ Rail\nArcelorMittal Tubular Products\tCanada\tBrampton\tn/a\tDownstream\tPipes and Tubes\nArcelorMittal Tubular Products\tCanada\tLondon\tn/a\tDownstream\tPipes and Tubes\nArcelorMittal Tubular Products\tCanada\tWoodstock\tn/a\tDownstream\tPipes and Tubes\nArcelorMittal Tubular Products\tCanada\tHamilton\tn/a\tDownstream\tPipes and Tubes\nArcelorMittal Tubular Products\tUSA\tShelby\tn/a\tDownstream\tPipes and Tubes\nArcelorMittal Tubular Products\tUSA\tMarion\tn/a\tDownstream\tPipes and Tubes\nArcelorMittal Tubular Products\tMexico\tMonterrey\tn/a\tDownstream\tPipes and Tubes\n", "q10k_tbl_10": "BRAZIL\t\t\tCrude Steel\t\t\nUnit\tCountry\tLocations\tProduction in 2019 (in million tonnes per year) 1\tType of plant\tProducts\nSol\tBrazil\tVitória\tn/a\tCoke-Making\tCoke\nArcelorMittal Tubarão 2\tBrazil\tVitória\t6.3\tIntegrated\tFlat\nArcelorMittal Vega\tBrazil\tSão Francisco do Sul\tn/a\tDownstream\tFlat\nArcelorMittal Brasil\tBrazil\tJoão Monlevade\t1.2\tIntegrated\tLong/ Wire Rod\nArcelorMittal Brasil\tBrazil\tJuiz de Fora Piracicaba\t1.7\tMini-mill\tLong/ Bar Wire Rod\nArcelorMittal Brasil 3\tBrazil\tBarra Mansa Resende\t0.7\tMini-mill\tLong/Rebar Wire rod Bars Sections Wires\nAcindar\tArgentina\tVilla Constitucion\t1.1\tMini-mill\tLong/ Wire Rod Bar\nArcelorMittal Costa Rica\tCosta Rica\tCosta Rica\tn/a\tDownstream\tLong/ Wire Rod\nIndustrias Unicon\tVenezuela\tBarquisimeto Matanzas La Victoria\tn/a\tDownstream\tPipes and Tubes\n", "q10k_tbl_11": "EUROPE\t\t\tCrude Steel\t\t\nUnit\tCountry\tLocations\tProduction in 2019 (in million tonnes per year) 1 2\tType of plant\tProducts\nArcelorMittal Bremen\tGermany\tBremen Bottrop\t3.1\tIntegrated\tFlat\nArcelorMittal Eisenhüttenstadt 3\tGermany\tEisenhüttenstadt\t2.0\tIntegrated\tFlat\nArcelorMittal Belgium\tBelgium\tGent Geel Genk Huy Liège\t5.5\tIntegrated and Downstream\tFlat\nArcelorMittal Atlantique et Lorraine\tFrance\tDunkirk Mardyck Montataire Desvres Florange Mouzon Basse- Indre\t6.2\tIntegrated and Downstream\tFlat\nArcelorMittal Méditerranée\tFrance\tFos-sur-Mer Saint-Chély\t3.8\tIntegrated and Downstream\tFlat\nArcelorMittal España 4\tSpain\tAvilés Gijón Etxebarri Lesaka Sagunto\t4.2\tIntegrated and Downstream\tFlat Long Rails Wire Rod\nArcelorMittal Italy\tItaly\tTaranto Genova Novi Ligure\t4.3\tIntegrated and Downstream\tFlat Pipes and Tubes\nArcelorMittal Poland 5 6 7\tPoland\tKrakow Swietochlowice Dabrowa Gornicza Chorzow Sosnowiec Zdzieszowice\t4.8\tIntegrated and Downstream\tFlat Long Coke/ Sections Wire Rod Sheet Piles Rails\nArcelorMittal Sestao\tSpain\tBilbao\t0.3\tMini-mill\tFlat\nIndusteel\tFrance Belgium\tCharleroi Le Creusot Chateauneuf Saint-Chamond Seraing Dunkirk\t0.4\tMini-mill and Downstream\tFlat\nArcelorMittal Belval & Differdange\tLuxembourg\tEsch-Belval Differdange Rodange\t2.1\tMini-mill\tLong /Sheet Piles Rails Sections & Special Sections\nArcelorMittal Olaberria-Bergara\tSpain\tOlaberría Bergara\t1.0\tMini-mill\tLong/ Sections\nArcelorMittal Gandrange\tFrance\tGandrange\tn/a\tDownstream\tLong/ Wire Rod Bars\nArcelorMittal Warszawa\tPoland\tWarsaw\t0.6\tMini-mill\tLong/ Bars\nArcelorMittal Hamburg\tGermany\tHamburg\t0.9\tMini-mill\tLong/ Wire Rods\n", "q10k_tbl_12": "Unit\tCountry\tLocations\tArcelorMittal Interest (%)\tType of Mine\tProduct\nIron Ore\t\t\t\t\t\nArcelorMittal Mines and Infrastructure Canada\tCanada\tMt Wright Fire Lake and Port Cartier Qc\t85.0\tIron Ore Mine (open pit) pellet plant railway and port\tConcentrate and pellets\nMinorca Mines\tUSA\tVirginia MN\t100.0\tIron Ore Mine (open pit)\tPellets\nHibbing Taconite Mines\tUSA\tHibbing MN\t62.3\tIron Ore Mine (open pit)\tPellets\nArcelorMittal Mexico (excluding Peña Colorada)\tMexico\tSonora Sinaloa and Michoacán\t100.0\tIron Ore Mine (open pit)\tConcentrate lump and fines\nArcelorMittal Mexico Peña Colorada\tMexico\tMinatitlán\t50.0\tIron Ore Mine (open pit)\tConcentrate and pellets\nArcelorMittal Brasil Andrade Mine\tBrazil\tState of Minas Gerais\t100.0\tIron Ore Mine (open pit)\tFines\nArcelorMittal Mineração Serra Azul\tBrazil\tState of Minas Gerais\t100.0\tIron Ore Mine (open pit)\tLump and fines\nArcelorMittal Prijedor\tBosnia and Herzegovina\tPrijedor\t51.0\tIron Ore Mine (open pit)\tConcentrate and lump\nArcelorMittal Kryvyi Rih\tUkraine\tKryvyi Rih\t95.1\tIron Ore Mine (open pit and underground)\tConcentrate lump and sinter feed\nArcelorMittal Temirtau\tKazakhstan\tLisakovsk Kentobe Atasu Atansore\t100.0\tIron Ore Mine (open pit and underground)\tConcentrate lump and fines\nArcelorMittal Liberia\tLiberia\tYekepa\t85.0\tIron Ore Mine (open pit)\tFines\nCoal\t\t\t\t\t\nArcelorMittal Princeton\tUSA\tMcDowell WV Tazewell VA\t100.0\tCoal Mine (surface and underground)\tCoking and PCI coal\nArcelorMittal Temirtau\tKazakhstan\tKaraganda\t100.0\tCoal Mine (underground)\tCoking coal and thermal coal\n", "q10k_tbl_13": "Ongoing Projects*\t\t\t\t\t\nRegion\tSite\tProject\tCapacity / particulars\tForecast completion\tNote #\nACIS\tArcelorMittal Kryvyi Rih (Ukraine)\tNew LF&CC 2\tFacilities upgrade to switch from ingot to continuous caster route. Additional billets of 145 thousand tonnes over ingot route through yield increase\t2020\t\nNAFTA\tMexico\tNew Hot Strip Mill\tProduction capacity of 2.5 million tonnes per year\t2021\t1\nNAFTA\tArcelorMittal Dofasco (Canada)\tHot Strip Mill Modernization\tReplace existing three end of life coilers with two states of the art coilers and new runout tables.\t2021\t2\nNAFTA\tBurns Harbor (US)\tNew walking beam Furnaces\tTwo new walking beam reheat furnaces bringing benefits on productivity quality and operational cost\t2021\t\nBrazil\tArcelorMittal Vega\tExpansion project\tIncrease hot dipped / cold rolled coil capacity and construction of a new 700 thousand tonnes continuous annealing line (CAL) and continuous galvanizing line (CGL) combiline\t2022\t3\nBrazil\tJuiz de Fora\tMelt shop expansion\tIncrease in melt shop capacity by 0.2 million tonnes/year\tOn hold\t4\nBrazil\tMonlevade\tSinter plant blast furnace and melt shop\tIncrease in liquid steel capacity by 1.2 million tonnes/year;\tOn hold\t4\n\tSinter feed capacity of 2.3 million tonnes/year\t\t\nMining\tLiberia\tPhase 2 expansion project\tIncrease production capacity to 15 million tonnes/year\tUnder review\t5\n", "q10k_tbl_14": "\tAs of December 31 2019\t\t\t\t\t\tAs of December 31 2018\t\n\tProven Ore Reserves\t\tProbable Ore Reserves\t\tTotal Ore Reserves\t\tTotal Ore Reserves\t\n\tMillions of Tonnes\t% Fe\tMillions of Tonnes\t% Fe\tMillions of Tonnes\t% Fe\tMillions of Tonnes\t% Fe\nCanada\t2154\t29.5\t251\t29.4\t2405\t29.5\t2114\t30.1\nMinorca - USA\t123\t23.6\t7\t25.3\t130\t23.7\t101\t23.5\nHibbing - USA\t106\t19.8\t25\t19.6\t131\t19.8\t159\t19.6\nMexico (Excluding Peña Colorada)\t9\t36.6\t107\t30.7\t116\t31.2\t124\t32.4\nPeña Colorada - Mexico\t97\t21.8\t104\t21.3\t201\t21.5\t211\t21.5\nBrazil\t52\t55.5\t41\t49.4\t93\t52.8\t95\t53.0\nLiberia\t6\t52.2\t474\t47.8\t480\t47.9\t484\t48.0\nBosnia\t6\t48.5\t6\t45.6\t12\t47.0\t14\t46.1\nUkraine open pit\t71\t33.6\t538\t34.5\t609\t34.4\t129\t33.5\nUkraine Underground\t8\t54.4\t19\t54.4\t27\t54.4\t28\t54.4\nKazakhstan open pit\t2\t37.8\t120\t39.3\t122\t39.3\t260\t39.4\nKazakhstan Underground\t1\t42.0\t21\t45.4\t22\t45.2\t23\t45.4\nTotal\t\t\t\t\t4348\t32.4\t3742\t33.1\n", "q10k_tbl_15": "Operations/Projects\t% Ownership\tIn Operation Since\t2019 Run of Mine Production (Million Tonnes)*\t2019 Saleable Production (Million Tonnes)1*\tEstimated Mine Life (Years)2\nCanada\t85\t1976\t66.4\t23.8\t34\nMinorca - USA\t100\t1977\t8.5\t2.8\t15\nHibbing - USA\t62\t1976\t28.4\t7.5\t6\nMexico (Excluding Peña Colorada)\t100\t1976\t7.1\t2.2\t17\nPeña Colorada - Mexico\t50\t1974\t7.9\t3.9\t13\nBrazil\t100\t1944\t3.2\t2.3\t43\nLiberia\t85\t2011\t4.3\t4.4\t23\nBosnia\t51\t2008\t1.9\t1.5\t8\nUkraine Open Pit\t95\t1959\t23.6\t9.8\t26\nUkraine Underground\t95\t1933\t0.9\t0.9\t29\nKazakhstan Open Pit\t100\t1976\t3.2\t1.9\t50\nKazakhstan Underground\t100\t1956\t1.7\t0.9\t10\n", "q10k_tbl_16": "\tAs of December 31 2019\t\t\t\t\t\t\t\t\tAs of December 31 2018\t\n\tProven Coal Reserves\t\tProbable Coal Reserves\t\tTotal Coal Reserves\t\t\t\t\tTotal Coal Reserves\t\nROM Millions of Tonnes\tWet Recoverable Million Tonnes\tROM Millions of Tonnes\tWet Recoverable Million Tonnes\tROM Millions of Tonnes\tWet Recoverable Million Tonnes\tAsh (%)\tSulfur (%)\tVolatile (%)\tMillions of Tonnes\tWet Recoverable Million Tonnes\nPrinceton - USA\t66\t42\t24\t10\t90\t52\t5\t0.7\t18\t94\t56\nKaraganda - Kazakhstan\t9\t4\t101\t46\t110\t50\t35\t0.6\t29\t110\t54\nTotal\t\t\t\t\t200\t102\t19\t0.6\t23\t204\t110\n", "q10k_tbl_17": "Operations/Projects\t% Ownership\tIn Operation Since\t2019 Run of Mine Production (Million Tonnes)\t2019 Wet Recoverable production (Million Tonnes)\tEstimated Mine Life (Years)1\nPrinceton - USA\t100\t1995\t3.6\t2.0\t33\nKaraganda - Kazakhstan\t100\t1934\t9.6\t3.5\t10\n", "q10k_tbl_18": "Flat products\t\t\t\t\nSource: Steel Business Briefing (SBB)\tNorthern Europe\tSouthern Europe\tUnited States\tChina\nSpot HRC average price per tonne\tSpot HRC average price per tonne\tSpot HRC average price per tonne\tSpot HRC average price per tonne VAT excluded\nQ1 2017\t€569\t€537\t694\t458\nQ2 2017\t€521\t€491\t682\t396\nQ3 2017\t€517\t€500\t687\t509\nQ4 2017\t€538\t€510\t685\t538\nQ1 2018\t€561\t€545\t834\t549\nQ2 2018\t€567\t€530\t980\t565\nQ3 2018\t€566\t€537\t982\t546\nQ4 2018\t€548\t€499\t883\t489\nQ1 2019\t€510\t€477\t766\t482\nQ2 2019\t€487\t€467\t679\t512\nQ3 2019\t€469\t€453\t627\t474\nQ4 2019\t€431\t€413\t579\t462\n", "q10k_tbl_19": "Long products\t\t\t\nSource: Steel Business Briefing (SBB)\tEurope medium sections\tEurope rebar\tTurkish rebar\nSpot average price per tonne\tSpot average price per tonne\tSpot FOB average price per tonne\nQ1 2017\t€515\t€463\t424\nQ2 2017\t€501\t€441\t427\nQ3 2017\t€530\t€469\t507\nQ4 2017\t€587\t€553\t527\nQ1 2018\t€614\t€558\t572\nQ2 2018\t€592\t€545\t552\nQ3 2018\t€611\t€551\t525\nQ4 2018\t€626\t€538\t490\nQ1 2019\t€605\t€526\t466\nQ2 2019\t€583\t€515\t473\nQ3 2019\t€567\t€490\t441\nQ4 2019\t€529\t€461\t421\n", "q10k_tbl_20": "\tIron ore\tCoking coal\nSource: Metal Bulletin\taverage price per tonne (Delivered to China Metal Bulletin index 62% Fe)\taverage price per tonne (Premium Hard Coking Coal FOB Australia index)\nQ1 2017\t85.63\t166.82\nQ2 2017\t62.90\t190.58\nQ3 2017\t71.24\t188.34\nQ4 2017\t65.50\t203.5\nQ1 2018\t74.39\t228.48\nQ2 2018\t65.97\t188.89\nQ3 2018\t66.86\t188.17\nQ4 2018\t71.56\t220.79\nQ1 2019\t82.41\t206.33\nQ2 2019\t100.92\t202.85\nQ3 2019\t102.03\t161.03\nQ4 2019\t88.97\t139.27\n", "q10k_tbl_21": "Commodities\t\t\t\t\nSource: Thomson Reuters\tBrent crude oil spot average price $ per barrel\tWest Texas intermediate spot average price $ per barrel\tEuropean thermal coal import (API2) spot average price $ per ton\tEuropean Union allowance spot average price € per ton of CO2 equivalent\nQ1 2017\t54.57\t51.78\t77.86\t5.17\nQ2 2017\t50.79\t48.15\t75.71\t4.81\nQ3 2017\t52.17\t48.20\t86.11\t5.91\nQ4 2017\t61.46\t55.30\t92.68\t7.47\nQ1 2018\t67.23\t62.89\t86.09\t9.80\nQ2 2018\t74.97\t67.91\t89.97\t14.49\nQ3 2018\t75.84\t69.43\t98.66\t18.85\nQ4 2018\t68.60\t59.34\t92.45\t20.47\nQ1 2019\t63.83\t54.90\t75.38\t22.24\nQ2 2019\t68.47\t59.91\t57.13\t25.55\nQ3 2019\t62.03\t56.44\t58.75\t26.93\nQ4 2019\t62.42\t56.87\t58.24\t24.88\n", "q10k_tbl_22": "Natural gas\t\t\t\nSource: Thomson Reuters\tTTF Spot average price € per MWh\tHenry Hub Spot average price $ per MMBtu\tJKM Spot average price $ per MMBtu\nQ1 2017\t18.42\t3.06\t7.35\nQ2 2017\t15.61\t3.14\t5.85\nQ3 2017\t16.13\t2.95\t6.19\nQ4 2017\t19.13\t2.92\t9.45\nQ1 2018\t21.25\t2.85\t9.35\nQ2 2018\t21.06\t2.83\t8.71\nQ3 2018\t24.56\t2.86\t10.71\nQ4 2018\t24.65\t3.72\t10.24\nQ1 2019\t18.47\t2.87\t6.86\nQ2 2019\t13.02\t2.51\t4.94\nQ3 2019\t10.20\t2.33\t4.74\nQ4 2019\t12.66\t2.41\t5.91\n", "q10k_tbl_23": "Electricity\t\t\t\nSource: Thomson Reuters\tGermany Baseload spot average price € per MWh\tFrance Baseload spot average price € per MWh\tBelgium Baseload spot average price € per MWh\nQ1 2017\t41.32\t54.77\t51.58\nQ2 2017\t29.76\t33.90\t35.74\nQ3 2017\t32.73\t34.56\t34.17\nQ4 2017\t32.49\t56.19\t56.47\nQ1 2018\t36.05\t44.09\t45.17\nQ2 2018\t36.03\t36.78\t44.10\nQ3 2018\t53.86\t57.58\t61.08\nQ4 2018\t51.89\t62.47\t71.01\nQ1 2019\t41.35\t47.18\t48.34\nQ2 2019\t35.74\t34.81\t34.44\nQ3 2019\t37.55\t35.64\t35.11\nQ4 2019\t36.51\t40.23\t39.37\n", "q10k_tbl_24": "\tSales for the year ended December 311\t\t\tOperating (loss) income for the year ended December 312\t\t\n\t2019\t2018\t2017\t2019\t2018\t2017\nSegment\t(in $ millions)\t(in $ millions)\t(in $ millions)\t(in $ millions)\t(in $ millions)\t(in $ millions)\nNAFTA\t18555\t20332\t17997\t(1259)\t1889\t1185\nBrazil\t8113\t8711\t7755\t846\t1356\t697\nEurope\t37721\t40488\t36208\t(1107)\t1632\t2359\nACIS\t6837\t7961\t7621\t(25)\t1094\t508\nMining\t4837\t4211\t4033\t1215\t860\t991\nOthers and eliminations\t(5448)\t(5670)\t(4935)\t(297)\t(292)\t(306)\nTotal\t70615\t76033\t68679\t(627)\t6539\t5434\n", "q10k_tbl_25": "Others and eliminations operating (loss) income\tYear ended December 31\t\t\n\t2019\t2018\t2017\n\t(in $ millions)\t(in $ millions)\t(in $ millions)\nCorporate and shared services 1\t(144)\t(170)\t(199)\nFinancial activities\t8\t(23)\t(23)\nShipping and logistics\t(19)\t1\t(16)\nIntragroup stock margin eliminations\t13\t(45)\t(41)\nDepreciation and impairment 2\t(155)\t(55)\t(27)\nTotal adjustments to segment operating income and other\t(297)\t(292)\t(306)\n", "q10k_tbl_26": "NAFTA\t\t\t\n\tPerformance for the year ended December 31\t\t\n(in millions of USD unless otherwise shown)\t2019\t2018\t2017\nSales\t18555\t20332\t17997\nDepreciation\t570\t522\t518\nImpairments\t(1300)\t0\t0\nOperating (loss) income\t(1259)\t1889\t1185\nCrude steel production (thousand tonnes)\t21897\t22559\t23480\nSteel shipments (thousand tonnes)\t20921\t22047\t21834\nAverage steel selling price (USD/tonne)\t810\t852\t742\n", "q10k_tbl_27": "Brazil\t\t\t\n\tPerformance for the year ended December 31\t\t\n(in millions of USD unless otherwise shown)\t2019\t2018\t2017\nSales\t8113\t8711\t7755\nDepreciation\t274\t298\t293\nImpairments\t0\t86\t0\nOperating income\t846\t1356\t697\nCrude steel production (thousand tonnes)\t11001\t12264\t11210\nSteel shipments (thousand tonnes)\t11192\t11464\t10840\nAverage steel selling price (USD/tonne)\t679\t719\t667\n", "q10k_tbl_28": "Europe\t\t\t\n\tPerformance for the year ended December 31\t\t\n(in millions of USD unless otherwise shown)\t2019\t2018\t2017\nSales\t37721\t40488\t36208\nDepreciation\t1256\t1195\t1201\nImpairments\t525\t908\t0\nOperating (loss) income\t(1107)\t1632\t2359\nCrude steel production (thousand tonnes)\t43913\t44693\t43768\nSteel shipments (thousand tonnes)\t42352\t41020\t40941\nAverage steel selling price (USD/tonne)\t696\t787\t702\n", "q10k_tbl_29": "ACIS\t\t\t\n\tPerformance for the year ended December 31\t\t\n(in millions of USD unless otherwise shown)\t2019\t2018\t2017\nSales\t6837\t7961\t7621\nDepreciation\t364\t311\t313\nImpairments\t102\t0\t206\nOperating (loss) income\t(25)\t1094\t508\nCrude steel production (thousand tonnes)\t12998\t13022\t14678\nSteel shipments (thousand tonnes)\t11547\t11741\t13094\nAverage steel selling price (USD/tonne)\t517\t598\t515\n", "q10k_tbl_30": "Mining\t\t\t\t\n\t\tPerformance for the year ended December 31\t\t\n(in millions of USD unless otherwise shown)\tNote\t2019\t2018\t2017\nSales\t\t4837\t4211\t4033\nDepreciation\t\t448\t418\t416\nOperating income\t\t1215\t860\t991\nOwn iron ore production (million tonnes)\t\t57.1\t58.5\t57.4\nIron ore shipped externally and internally at market price (million tonnes)\t12\t37.1\t37.6\t35.7\nIron ore shipment - cost plus basis (million tonnes)\t1\t22.2\t20.6\t22.2\nOwn coal production (million tonnes)\t\t5.5\t5.9\t6.3\nCoal shipped externally and internally at market price (million tonnes)\t12\t2.8\t2.5\t2.8\nCoal shipment - cost plus basis (million tonnes)\t1\t2.9\t3.3\t3.5\n", "q10k_tbl_31": "\tNote\t\t\tYear ended December 31\t\t\nIron ore production (million metric tonnes)\t1\tType\tProduct\t2019\t2018\t2017\nOwn mines\t\t\t\t\t\t\nNorth America\t2\tOpen pit\tConcentrate lump fines and pellets\t35.4\t36.9\t38.1\nSouth America\t\tOpen pit\tLump and fines\t2.3\t2.8\t3.2\nEurope\t\tOpen pit\tConcentrate and lump\t1.5\t1.4\t1.6\nAfrica\t\tOpen pit / Underground\tFines\t4.4\t4.6\t2.0\nAsia CIS & Other\t\tOpen pit / Underground\tConcentrate lump fines and sinter feed\t13.5\t12.8\t12.5\nTotal own iron ore production\t\t\t\t57.1\t58.5\t57.4\nStrategic long-term contracts - iron ore\t\t\t\t\t\t\nNorth America\t3\tOpen pit\tPellets\t0\t0\t0.9\nAfrica\t\tOpen pit\tLump and fines\t0\t0\t0\nTotal strategic long-term contracts - iron ore\t\t\t\t0\t0\t0.9\nTotal\t\t\t\t57.1\t58.5\t58.3\n", "q10k_tbl_32": "Note\tYear ended December 31\t\t\nCoal production (million metric tonnes)\t2019\t2018\t2017\nOwn mines\t\t\t\nNorth America\t1.96\t2.09\t2.06\nAsia CIS & Other\t3.53\t3.82\t4.25\nTotal coal production\t5.49\t5.91\t6.31\n", "q10k_tbl_33": "\t2019\t\t2018\t\t2017\t\n\tStatutory income tax\tStatutory income tax rate\tStatutory income tax\tStatutory income tax rate\tStatutory income tax\tStatutory income tax rate\nUnited States\t(382)\t21.00%\t44\t21.00%\t(98)\t21.00%\nArgentina\t3\t25.00%\t6\t25.00%\t15\t25.00%\nFrance\t(164)\t25.82%\t48\t25.82%\t112\t25.82%\nBrazil\t84\t34.00%\t271\t34.00%\t69\t34.00%\nBelgium\t(37)\t25.00%\t55\t25.00%\t105\t25.00%\nGermany\t(124)\t30.30%\t(22)\t30.30%\t7\t30.30%\nSpain\t(73)\t25.00%\t18\t25.00%\t(4)\t25.00%\nItaly\t(254)\t24.00%\t2\t24.00%\t(6)\t24.00%\nLuxembourg\t407\t24.94%\t123\t26.01%\t1139\t26.01%\nMexico\t(105)\t30.00%\t73\t30.00%\t(18)\t30.00%\nSouth Africa\t(92)\t28.00%\t19\t28.00%\t(115)\t28.00%\nCanada\t234\t25.90%\t359\t25.90%\t190\t25.90%\nKazakhstan\t52\t20.00%\t65\t20.00%\t77\t20.00%\nCzech Republic\t(2)\t19.00%\t(51)\t19.00%\t(21)\t19.00%\nPoland\t(27)\t19.00%\t45\t19.00%\t30\t19.00%\nRomania\t(14)\t16.00%\t(44)\t16.00%\t(7)\t16.00%\nUkraine\t(21)\t18.00%\t69\t18.00%\t47\t18.00%\nLiberia\t31\t25.00%\t(3)\t25.00%\t(18)\t25.00%\nUnited Kingdom\t4\t17.00%\t8\t17.00%\t(1)\t17.00%\nSwitzerland\t22\t7.83%\t17\t7.83%\t(67)\t7.83%\nOthers\t(10)\t\t(59)\t\t(29)\t\nTotal\t(468)\t\t1043\t\t1407\t\n", "q10k_tbl_34": "Repayment amounts per year (in billions of $)\t\t\t\t\t\t\t\nType of indebtedness as of December 31 2019\t2020\t2021\t2022\t2023\t2024\t>2024\tTotal\nBonds\t0.5\t0.3\t1.5\t1.4\t1.9\t3.7\t9.3\nCommercial paper\t1.2\t0\t0\t0\t0\t0\t1.2\nLease liabilities and other loans\t1.1\t0.7\t0.4\t0.8\t0.2\t0.6\t3.8\nTotal gross debt\t2.8\t1.0\t1.9\t2.2\t2.1\t4.3\t14.3\n", "q10k_tbl_35": "Summary of cash flow\tFor the year ended December 31\t\t\n(in $ millions)\t2019\t2018\t2017\nNet cash provided by operating activities\t6017\t4196\t4563\nNet cash used in investing activities\t(3824)\t(3759)\t(2830)\nNet cash provided by (used in) financing activities\t514\t(689)\t(1731)\n", "q10k_tbl_36": "(amounts in $ millions)\tTotal\tLess than 1 year\t1-3 years\t3-5 years\tMore than 5 years\nDebt obligations-scheduled repayments-note 6.1.2 to the consolidated financial statements1\t14340\t2869\t2950\t4247\t4274\nEnvironmental commitments and asset retirement obligations-note 9.1 and note 9.3 to the consolidated financial statements2\t1551\t249\t376\t209\t717\nPurchase obligations-note 9.4 to the consolidated financial statements\t19697\t7140\t4673\t3190\t4694\nFunding contribution to the pension and post-employment plans3-note 8.2 to the consolidated financial statements\t422\t422\t0\t0\t0\nScheduled interest payments\t3549\t431\t745\t534\t1839\nOther long-term liabilities\t341\t0\t41\t284\t16\nAcquisition/investment commitments-note 9.4 to the consolidated financial statements\t448\t299\t146\t1\t2\nTotal\t40348\t11410\t8931\t8465\t11542\n", "q10k_tbl_37": "Name\tAge4\tDate of joining the Board5\tEnd of Term\tPosition within ArcelorMittal\nLakshmi N. Mittal\t69\tMay 1997\tMay 2020\tChairman of the Board of Directors and Chief Executive Officer\nVanisha Mittal Bhatia6\t39\tDecember 2004\tMay 2022\tDirector\nJeannot Krecké\t69\tJanuary 2010\tMay 2022\tDirector\nSuzanne P. Nimocks2 3\t60\tJanuary 2011\tMay 2022\tDirector\nBruno Lafont1 2 3\t63\tMay 2011\tMay 2020\tLead Independent Director\nTye Burt2 3\t62\tMay 2012\tMay 2021\tDirector\nMichel Wurth\t65\tMay 2014\tMay 2020\tDirector\nKaryn Ovelmen1 3\t56\tMay 2015\tMay 2021\tDirector\nKarel de Gucht1 3\t65\tMay 2016\tMay 2022\tDirector\n", "q10k_tbl_38": "Content\t\nAnnual statement by the ARCGS Committee Chairman\t\nBoard of Directors\t\nRemuneration at a glance - senior management\tOverview of the Company's remuneration policy and rationale of each performance metric\nRemuneration at a glance - 2019 pay outcomes\tComparison of pay outcomes 2019 vs. 2018 Explanation of results for 2018 short-term incentives paid in 2019\nRemuneration\t\nRemuneration strategy\tExplanation of what informs the ARCGS's decision on pay\nRemuneration policy\tExplanation of policies applied to senior management\nRemuneration mix\tOverview of the remuneration mix for senior management\n2019 Total remuneration\tOverview of 2019 outcomes\nShort-term incentives\tDescription of short-term incentives plan (\"STI\")\nLong-term incentive plan\tDescription of long-term incentive plan (\"LTIP\" or \"LTI\"s)\nGlobal stock option plan\tDescription of global stock option plan\nOther benefits\tDescription of other benefits\nSOX 304 and Clawback\tExplanation of SOX section 304 rules regarding clawbacks of CEO/CFO remuneration\nAbbreviations\t\nEBITDA\tOperating income plus depreciation impairment expenses and exceptional items\nFCF\tFree cash flow\nSTI\tShort-term incentives\nLTI/LTIP\tLong-term incentives (plans)\nEPS\tEarnings per share\nPSU\tPerformance share units\nRSU\tRestricted share units\nROCE\tReturn on capital employed\nTSR\tTotal shareholder return\n", "q10k_tbl_39": "\tYear ended December 31\t\t\t\t\n(Amounts in $ thousands except Long-term incentives information)\t2019\t2018\t2017\t2016\t2015\nBase salary1\t1569\t1604\t1505\t1550\t1746\nDirector fees\t1554\t1509\t1744\t1900\t1856\nShort-term performance-related bonus1\t3198\t2775\t2333\t0\t1910\nLong-term incentives 1 2 3\t89933\t70302\t49431\t168214\t59773\n", "q10k_tbl_40": "(Amounts in $ thousands)\t20191\t20181\t20171\t20161\t20151\nLakshmi N. Mittal\t1569\t1604\t1505\t1550\t1746\nVanisha Mittal Bhatia\t171\t166\t174\t153\t160\nNarayanan Vaghul\t--69\t\t\t182\t204\nSuzanne P. Nimocks\t183\t178\t187\t164\t184\nWilbur L. Ross Jr.\t--32\t\t\t171\t180\nLewis B. Kaden\t--95\t\t\t250\t244\nBruno Lafont\t280\t272\t255\t171\t180\nTye Burt\t183\t178\t187\t164\t173\nAntoine Spillmann\t---\t\t\t55\t198\nKaryn Ovelmen\t204\t198\t203\t171\t0\nJeannot Krecké\t171\t166\t174\t153\t173\nMichel Wurth\t171\t166\t174\t153\t160\nKarel de Gucht\t191\t185\t194\t114\t0\nTotal\t3123\t3113\t3249\t3451\t3602\n", "q10k_tbl_41": "(Amounts in $ thousands)\t20191\t20181\t20171\t20161\t20151\nAverage Remuneration\t389\t408\t379\t336\t326\n", "q10k_tbl_42": "\t2019\t2018\t2017 2016\t2015\n\tShort-term Incentives\t\t\t\nLakshmi N. Mittal\t3198\t2775\t2333-1910\t\n", "q10k_tbl_43": "\tOptions granted in 2010\nLakshmi N. Mittal\t18833\nExercise price\t91.98\nTerm (in years)\t10\nExpiration date\tAug. 3 2020\n", "q10k_tbl_44": "\tPSUs grants in 2019\tPSUs granted in 2018\tPSUs granted in 2017\tPSUs granted in 2016\tPSUs granted in 2015\nLakshmi N. Mittal2\t89933\t70302\t49431\t168214\t59773\nTerm (in years)\t3\t3\t3\t3+2\t3\nVesting date1\tJanuary 1 2023\tJanuary 1 2022\tJanuary 1 2021\tJanuary 1 2020 and January 1 2022\tJune 30 2018\n", "q10k_tbl_45": "ArcelorMittal's Remuneration Policy\t\t\t\nRemuneration\tPeriod\tStrategy\tCharacteristic\nSalary\t2019\tRecruitment and retention l\tReviewed annually by the ARCGS Committee considering market data\nl\tIncreases based on Company performance and individual performance\nSTI\t2019\tDelivery of strategic priorities and financial success l\tMaximum STI award of 270% of base salary for the CEO 225% of base salary for the CFO and 135% of base salary for other Executive Officers\nl\t100% STI paid in cash\nl\tArcelorMittal's first priority Health and Safety is part of the STI\nl\tOverperformance towards competition\nLTIP\t2020-2022\tEncourages long term shareholder return l\tPerformance share units granted with a face value of 100% of base salary for the CEO and CFO and 60% for Executive Officers\nl\tShares vest after a three-year performance period\nl\tPerformance related vesting\n", "q10k_tbl_46": "Vehicle\tDate of vesting\tDate of Grant\tNumber of PSUs granted to the Executive Officers and outstanding\tNumber of Shares acquired by the Executive Officers\nPSUs\tJanuary 1 2019 Performance approved by ARCGS Committee on March 19 2019\tDecember 18 2015\t10668\t11603\nPSUs1\tJanuary 1 2019 Performance approved by ARCGS Committee on March 19 2019\tJune 30 2016\t149920\t112818\n", "q10k_tbl_47": "Remuneration component and link to strategy\tOperational and performance framework\tOpportunity\nFixed annual salary Competitive base salary to attract and retain high-quality and experienced senior executives\t* Base salary levels are reviewed annually with effect from April 1 (except promotion) compared to the market to ensure that ArcelorMittal remains competitive with market median base pay levels * Reviews are based on market information obtained but not led by benchmarking to comparable roles changes in responsibility and general economic conditions\tThe ARCGS does not set a maximum salary instead when determining any salary increases it takes into account a number of reference points including salary increases across the Company\nBenefits Competitive level to ensure coverage of the executives\t* May include costs of health insurance death and disability insurances company car tax return preparation etc. * Relocation benefits may be provided where a change of location is made at Company's request\tThe cost to the Company of providing benefits can change from year to year. The level of benefit provided is intended to remain competitive\nPension Competitive level of post-employment benefit to attract and retain executives\t* Local benchmark of pension contributions for comparable roles\t\nShort term incentives (STI) Motivate the senior executives to achieve stretch performance on strategic priorities\t* Scorecard is set at the commencement of each financial year * Measures and relative weights are chosen by the ARCGS Committee to drive overall performance for the coming year * STI calculations for each executive reflect the performance of ArcelorMittal and /or the performance of the relevant business units the achievement of specific objectives of the department and the individual executive's overall performance * No STI is paid for a performance below threshold 80% for each criteria; 100% STI payout for performance achieved at 100% for each criteria; 150% STI payout for performance achieved at 120% or above for each criteria\tRange for CEO: 0 to 270% with a target at 120% of base salary Range for President and CFO: 0 to 225% with a target at 100% of base salary Range for Executive Officers: 0 to 135% with a target at 60% of base salary\nLTIP Sustain shareholder wealth creation in excess of performance of a peer group and incentivize executives to achieve strategy\tCEO Office LTIP * The vesting is subject to a relative TSR (Total Shareholder Return) compared to the S&P 500 and a peer group and to a relative EPS of a peer group over a three year- period *The peer group is determined by the ARCGS Committee * No vesting will occur below the median for all grants as from 2016 * Performance is determined by the ARCGS Committee Executive Officers LTIP - The vesting is subject to one or two measures depending on the business units Gap to competition and ROCE in 2019 - Vesting will occur if the performance is reached - Performance is determined by the ARCGS Committee\tMaximum value at grant: 100% of base salary for CEO and President and CFO 60% of base salary for Executive Officers\n", "q10k_tbl_48": "\t\tChief Executive Officer\t\t\t\t\tPresident and Chief Financial Officer and Executive Officers (Other GMB members for 2015)\t\t\t\t\n(Amounts in $ thousands except for Long-term incentives)\t\t2019\t2018\t2017\t2016\t20157\t2019\t20185\t2017\t20166\t20157\nBase salary1\t\t1569\t1604\t1505\t1550\t1746\t4643\t5371\t4709\t8729\t3497\nRetirement benefits\t\t0\t---\t\t\t0\t698\t862\t849\t898\t305\nOther benefits2\t\t47\t48\t41\t42\t40\t223\t314\t250\t225\t101\nShort-term incentives3\t\t3198\t2775\t2333-1910\t\t\t6015\t5495\t4468\t2029\t2948\nLong-term incentives\t- fair value in $ thousands4\t1339\t1166\t1130\t2297\t1530\t3096\t2702\t1922\t6882\t2431\n\t- number of share units\t89933\t70302\t49431\t168214\t59773\t183084\t141109\t94553\t509623\t94995\n", "q10k_tbl_49": "Functional level\tTarget achievement threshold @ 80%\tTarget achievement @ 100%\tTarget achievement ≥ ceiling @ 120%\nChief Executive Officer\t60% of base pay\t120% of base pay\t180% of base pay\nPresident and Chief Financial Officer\t50% of base pay\t100% of base pay\t150% of base pay\nExecutive Officers\t30% of base pay\t60% of base pay\t90% of base pay\n", "q10k_tbl_50": "\tCEO Office\t\t\tExecutive Officers\t\n2019 Grant\tl PSUs with a three year performance period\t\tl\tPSUs with a three year performance period\t\nl\tValue at grant 100% of base salary for the CEO and the President and CFO\t\t\t\t\nl\tVesting conditions:\t\tl Vesting conditions\t\t\n\t\tThreshold Target\t\t\tTarget\n\tTSR/EPS vs. peer group\t100% median ≥120% median\tROCE\t\t100% target 100% vesting\n\tTSR vs. S&P 500\tPerformance equal to Index ≥Performance equal to Index + 2% outperformance\tGap to competition (where applicable)\t\t100% target 100% vesting\n\tVesting percentage\t50% 100%\t\t\t\n", "q10k_tbl_51": "\tCEO Office\t\t\tOther Executive Officers\t\t\n2015 Grant\tPSUs with a three-year performance period\t\t\tl RSUs with a three-year vesting period (2015 grant vested in December 2018)\t\t\n\tPerformance criteria: 50% TSR (½ vs. S&P 500 and ½ vs. peer group) and 50% EPS vs. peer group\t\tl\tPSUs with a three-year performance period\t\t\n\tValue at grant: 100% of base salary for the CEO and 80% for the President and CFO\t\tl\tPerformance target: mainly ROCE and mining volume plan for the Mining segment\t\t\n\t\t\tl\tOne PSU can give right to 0 through up to 1.5 share\t\t\n\tVesting conditions:\t\tl\tVesting conditions:\t\t\n\t\tThreshold Target\tStretch\tPerformance\tThreshold Target\tStretch\n\tTSR/EPS vs. peer group\t80% median 100% median\t≥120% median\tPerformance\t80% 100%\t≥120%\n\tTSR vs. S&P 500\tPerformance equal to 80% of Index Performance equal to Index\t≥Performance equal to Index + 2% outperformance\tVesting\t50% 100%\t150%\n\tVesting percentage\t50% 100%\t150%\t\t\t\n2016 Special Grant\tl PSUs with a five-year performance period 50% vesting after three-year performance period and 50% after additional two-year performance period\t\t\tl PSUs with a five-year performance period 50% vesting after three-year performance period and 50% after additional two-year performance period\t\t\nl\tPerformance criteria: 50% TSR (½ vs. S&P 500 and ½ vs. peer group) and 50% EPS vs. peer group\t\tl\tPerformance criteria: ROCE and Gap to competition in some areas one target grant: a share will vest if performance is met at target one overperformance grant: a share will vest if performance exceeds 120%\t\t\nl\tValue at grant: 150% of base salary for the CEO and the President and CFO\t\tl\tVesting conditions:\t\t\nl\tVesting conditions:\t\t\t\t\t\n\t\tThreshold\tTarget\tPerformance\t100%\t≥120%\n\tTSR/EPS vs. peer group\t100% median\t≥120% median\tTarget award vesting\t100%\t100%\n\tTSR vs. S&P 500\tPerformance equal to Index\t≥Performance equal to Index + 2% outperformance\tOverperformance award (=20% of target award)\t0\t100%\n\tVesting percentage\t50%\t100%\t\t\t\n2017 Grant\tl PSUs with a three-year performance period\t\t\tl PSUs with a three-year performance period\t\t\nl\tPerformance criteria: 50% TSR (½ vs. S&P 500 and ½ vs. peer group) and 50% EPS vs. peer group\t\tl\tPerformance criteria: TSR and Gap to competition in some areas\t\t\nl\tValue at grant: 100% of base salary for the CEO and the President and CFO\t\t\t\t\t\nl\tVesting conditions:\t\tl\tVesting conditions:\t\t\n\t\tThreshold\tTarget\tPerformance\tThreshold\tTarget\n\tTSR/EPS vs. peer group\t100% median\t≥120% median\tTSR vs. peer group\t100% median 50% vesting\t≥120% median 100% vesting\n\tTSR vs. S&P 500\tPerformance equal to Index\t≥Performance equal to Index + 2% outperformance\tGap to competition (where applicable)\t0\t100% target 100% vesting\n\tVesting percentage\t50%\t100%\t\t\t\n", "q10k_tbl_52": "\tCEO Office\t\t\tExecutive Officers\t\n2018 Grant\tl PSUs with a three year performance period\t\tl\tPSUs with a three year performance period\t\nl\tValue at grant 100% of base salary for the CEO and the President and CFO\t\t\t\t\nl\tVesting conditions:\t\tl Vesting conditions\t\t\n\t\tThreshold Target\t\t\tTarget\n\tTSR/EPS vs. peer group\t100% median ≥120% median\tROCE\t\t100% target 100% vesting\n\tTSR vs. S&P 500\tPerformance equal to Index ≥Performance equal to Index + 2% outperformance\tGap to competition (where applicable)\t\t100% target 100% vesting\n\tVesting percentage\t50% 100%\t\t\t\n", "q10k_tbl_53": "Segment\t2019\t2018\t2017\nNAFTA\t25159\t26550\t26324\nBrazil\t18696\t19555\t18058\nEurope\t74149\t88768\t78643\nACIS\t41284\t41544\t42451\nMining\t30345\t30579\t30088\nOther activities\t1615\t1587\t1544\nTotal\t191248\t208583\t197108\n", "q10k_tbl_54": "\tOptions granted in 2010\nCEO office\t33900\nExercise price1\t91.98\nTerm (in years)\t10\nExpiration date\tAug. 3 2020\n", "q10k_tbl_55": "\tOptions granted in 2010\nExecutive Officers\t29250\nExercise price1\t91.98\nTerm (in years)\t10\nExpiration date\tAug. 3 2020\n", "q10k_tbl_56": "\tPSUs granted in 2019\tPSUs granted in 2018\tPSUs granted in 2017\tPSUs granted in 2016\nCEO office\t172517\t134861\t90084\t306536\nTerm (in years)\t3\t3\t3\t3+2\nVesting date1\tJanuary 1 2023\tJanuary 1 2022\tJanuary1 2021\tJanuary 1 2020 - January 1 2022\n", "q10k_tbl_57": "\tPSUs granted in 2019\tPSUs granted in 2018\tPSUs granted in 2017\tPSUs granted in 2016\nExecutive Officers\t100500\t76550\t44720\t149920\nTerm (in years)\t3\t3\t3\t2\nVesting date1\tJanuary 1 2023\tJanuary 1 2022\tJanuary 1 2021\tJanuary 1 2021\n", "q10k_tbl_58": "\tArcelorMittal Ordinary Shares1\t\n\tNumber\t%\nSignificant Shareholder2\t382277751\t37.41%\nTreasury Shares3\t9824202\t0.96%\nOther Public Shareholders\t629801670\t61.63%\nTotal\t1021903623\t100.00%\nOf which: Directors and Senior Management4\t267905\t0.03%\n", "q10k_tbl_59": "Currency\tImpact on net debt translation of a 10% appreciation of the U.S. dollar against the euro\tImpact on net debt translation of a 10% depreciation of the U.S. dollar against the euro\nIn 2019\tin $ equivalent (in millions)\tin $ equivalent (in millions)\nArgentine peso\t9\t(19)\nBrazilian real\t(3)\t6\nEuro\t(522)\t522\nPolish Zloty\t(21)\t27\nSouth African rand\t8\t(12)\nUkrainian hryvinia\t26\t(12)\nOther\t6\t(7)\n", "q10k_tbl_60": "Currency\tImpact on net debt translation of a 10% appreciation of the U.S. dollar against the euro\tImpact on net debt translation of a 10% depreciation of the U.S. dollar against the euro\nIn 2018\tin $ equivalent (in millions)\tin $ equivalent (in millions)\nArgentine peso\t7\t(23)\nCanadian dollar\t(9)\t10\nEuro\t(564)\t564\nIndian rupee\t33\t(42)\nSouth African rand\t25\t(38)\nSwiss franc\t(12)\t14\nOther\t10\t(8)\n", "q10k_tbl_61": "2019\tTotal Number of Shares Purchased Average Price Paid Per Share\tTotal Number of Shares Purchased as Part of Publicly Announced Plan or Program\tMaximum Number of Shares that May Yet Be Purchased Under the Plans or Programs(1)(2)\nJanuary 1 - January 31--\t\t0\t0\nFebruary 1 - February 28\t4000000(1) $22.42\t4000000(1)\t0\nMarch 1 - March 31--\t\t0\t0\nApril 1 - April 30--\t\t0\t0\nMay 1 - May 31--\t\t0\t0\nJune 1 - June 30--\t\t0\t0\nJuly 1 - July 31--\t\t0\t0\nAugust 1 - August 31--\t\t0\t0\nSeptember 1 - September 30--\t\t0\t0\nOctober 1 - October 31--\t\t0\t0\nNovember 1 - November 30--\t\t0\t0\nDecember 1 - December 31--\t\t0\t0\n", "q10k_tbl_62": "Exhibit\tDescription\nNumber\n1.1*\tAmended and Restated Articles of Association of ArcelorMittal dated May 16 2018 (filed as Exhibit 1.1 to ArcelorMittal's annual report on Form 20-F for the year ended December 31 2018 filed with the Commision on February 25 2019 (File No. 001-35788) and incorporated by reference herein) and available at: http://www.sec.gov/Archives/edgar/data/1243429/000124342919000005/a2018exhibit11.htm.\n2.1\tThe total amount of long-term debt securities authorized under any instrument does not exceed 10% of the total assets of ArcelorMittal and its subsidiaries on a consolidated basis. ArcelorMittal hereby agrees to furnish to the SEC upon its request a copy of any instrument defining the rights of holders of long-term debt of ArcelorMittal or of its subsidiaries for which consolidated or unconsolidated financial statements are required to be filed.\n2.2\tDescription of ArcelorMittal securities registered pursuant to Section 12 of the Securities Exchange Act of 1934 and available at Exhibit 2.2.\n4.1*\tShareholder's agreement dated as of August 13 1997 among Ispat International N.V. LNM Holdings S.L. (renamed Ispat International Investments S.L.) and Mr. Lakshmi N. Mittal (filed as Exhibit 4.3 to Mittal Steel Company N.V.'s annual report on Form 20-F for the year ended December 31 2004 (File No. 001-14666) and incorporated by reference herein) and available at: http://www.sec.gov/Archives/edgar/data/1041989/000095012305003893/y07225exv4w3.txt.\n4.2*\tMemorandum of Understanding dated June 25 2006 among Arcelor Mittal Steel Company N.V. and Mr. and Mrs. Lakshmi N. Mittal (filed as Exhibit 99.1 to Mittal Steel Company N.V.'s report on Form 6-K (File No. 001-14666) filed with the Commission on June 29 2006 and incorporated by reference herein) and available at: http://www.sec.gov/Archives/edgar/data/1041989/000090342306000774/mittal6k-ex991_0629.htm.\n4.3*\tSupplemental Terms for 2015-2016 to the ArcelorMittal Equity Incentive Plan effective May 5 2015 (filed as Exhibit 4.4 to the annual report on Form 20-F filed on February 22 2016 (File No. 001-35788) and incorporated by reference herein) and available at: http://www.sec.gov/Archives/edgar/data/1243429/000124342916000008/exhibit44.htm.\n4.4*\tRestricted Share Units and Performance Share Units Plan effective May 10 2011 (filed as Exhibit 4.5 to ArcelorMittal's annual report on Form 20-F filed on February 22 2012 (File No. 333-146371) and incorporated by reference herein) and available at: http://www.sec.gov/Archives/edgar/data/1243429/000124342912000008/Exhibit4.5.htm.\n4.5*\tArcelorMittal Group Management Board Performance Share Unit Plan effective May 8 2013 (filed as Exhibit 4.7 to the annual report on Form 20-F filed on February 25 2014 (File No. 001-35788) and incorporated by reference herein) and available at: http://www.sec.gov/Archives/edgar/data/1243429/000124342914000002/exhibit47.htm.\n4.6*\tSupplemental Terms for 2014-2015 Restricted Share Units and Performance Share Units Plan to the ArcelorMittal Equity Incentive Plan effective May 8 2014 (filed as Exhibit 4.8 to ArcelorMittal's annual report on Form 20-F for the year ended December 31 2014 (File No. 001-35788) and incorporated by reference herein) and available at: http://www.sec.gov/Archives/edgar/data/1243429/000124342915000002/Exhibit48.htm.\n4.7*\tSupplemental Terms for 2015-2016 to the GMB PSU Plan effective May 5 2015 (filed as Exhibit 4.9 to the annual report on Form 20-F filed on February 22 2016 (File No. 001-35788) and incorporated by reference herein) and available at: http://www.sec.gov/Archives/edgar/data/1243429/000124342916000008/exhibit49.htm.\n", "q10k_tbl_63": "4.8*\tSupplemental Terms for 2016-2017 to the GMB PSU Plan effective May 4 2016 (filed as Exhibit 5.0 to the annual report on Form 20-F filed on February 23 2017 (File No. 001-35788) and incorporated by reference herein) and available at: http://www.sec.gov/Archives/edgar/data/1243429/000124342917000002/ex50.htm.\n4.9*\tSupplemental Terms for 2016-2017 to the ArcelorMittal Equity Incentive Plan effective May 4 2016 (filed as Exhibit 5.1 to the annual report on Form 20-F filed on February 23 2017 (File No. 001-35788) and incorporated by reference herein) and available at: http://www.sec.gov/Archives/edgar/data/1243429/000124342917000002/ex51.htm.\n4.10*\tSupplemental Terms for 2017-2018 to the GMB PSU Plan effective May 10 2017 filed as Exhibit 4.12 to the annual report on Form 20-F filed on February 15 2018) and available at http://www.sec.gov/Archives/edgar/data/1243429/000124342918000007/a2017exhibit412.htm.\n4.11*\tSupplemental Terms for 2017-2018 to the ArcelorMittal Equity Incentive Plan effective May 10 2017 filed as Exhibit 4.13 to the annual report on Form 20-F filed on February 15 2018) and available at http://www.sec.gov/Archives/edgar/data/1243429/000124342918000007/a2017exhibit413.htm\n4.12*\tSupplemental Terms for 2018-2019 to the GMB PSU Plan effective May 9 2018 filed as Exhibit 4.13 to the annual report on Form 20-F filed on February 25 2019) and available at http://www.sec.gov/Archives/edgar/data/1243429/000124342919000005/a2018exhibit413.htm.\n4.13*\tSupplemental Terms for 2018-2019 to the ArcelorMittal Equity Incentive Plan effective May 9 2018 filed as Exhibit 4.14 to the annual report on Form 20-F filed on February 25 2019) and available at http://www.sec.gov/Archives/edgar/data/1243429/000124342919000005/a2018exhibit414.htm.\n4.14\tSupplemental Terms for 2019-2020 Group Management Board Performance Share Units Plan effective December 12 2019 and available at Exhibit 4.14.\n4.15\tSupplemental Terms for 2019-2020 Performance Share Units effective December 12 2019 and available at Exhibit 4.15.\n8.1\tList of Significant Subsidiaries available at Exhibit 8.1.\n12.1\tCertifications of ArcelorMittal's Chief Executive Officer and Chief Financial Officer pursuant to Rule 13a-14(a) under the Exchange Act and available at Exhibit 12.1.\n13.1\tCertifications of ArcelorMittal's Chief Executive Officer and Chief Financial Officer pursuant to Rule 13a-14(b) under the Exchange Act and Section 1350 of Chapter 63 of Title 18 of the United States Code and available at Exhibit 13.1.\n15.1\tConsent of Deloitte Audit available and at Exhibit 15.1.\n15.2\tConsent of Gustavson Associates - Mexico (Las Truchas and San Jose) and available at Exhibit 15.2.\n15.3\tConsent of KAI Ltd. - Ukraine (ArecelorMittal Kryvyi Rih Open Pit) and available at Exhibit 15.3.\n15.4\tConsent of SRK Consulting (UK) Limited - iron ore and available at Exhibit 15.4.\n15.5\tConsent of SRK Consulting (UK) Limited - coal and available at Exhibit 15.5.\n15.6\tConsent of SRK Consulting (Canada) Inc. - Ukraine (ArcelorMittal Kryvyi Rih Open Pit) and available at Exhibit 15.6.\n15.7\tConsent of SRK Consulting (Canada) Inc. - AMMC and available at Exhibit 15.7.\n15.8\tConsent of Breton Banville and Associates and available at Exhibit 15.8.\n16.1\tMine Safety and Health Administration Safety Data available at Exhibit 16.1.\n101.INS\tXBRL Instance Document - the instance document does not appear in the Interactive Data File because its XBRL tags are embedded within the Inline XBRL document.\n101.SCH\tXBRL Taxonomy Extension Schema Document\n101.CAL\tInline XBRL Taxonomy Extension Calculation Linkbase Document\n101.DEF\tInline XBRL Taxonomy Extension Definition Linkbase Document\n101.LAB\tInline XBRL Taxonomy Extension Label Linkbase Document\n101.PRE\tInline XBRL Taxonomy Extension Presentation Linkbase Document\n", "q10k_tbl_64": "\t\tYear Ended December 31\t\t\n\tNotes\t2019\t2018\t2017\nSales\t4.1 and 12.1\t70615\t76033\t68679\n(including 7442 8259 and 7503 of sales to related parties for 2019 2018 and 2017 respectively)\t\t\t\t\nCost of sales\t4.2 and 12.2\t68887\t67025\t60876\n(including 1092 1116 and 1033 of purchases from related parties for 2019 2018 and 2017 respectively)\t\t\t\t\nGross margin\t\t1728\t9008\t7803\nSelling general and administrative expenses\t\t2355\t2469\t2369\nOperating (loss) / income\t\t(627)\t6539\t5434\nIncome from investments in associates joint ventures and other investments\t2.6\t347\t652\t448\nFinancing costs - net\t6.2\t(1652)\t(2210)\t(875)\n(Loss) / income before taxes\t\t(1932)\t4981\t5007\nIncome tax expense/(benefit)\t10.1\t459\t(349)\t432\nNet (loss) / income (including non-controlling interests)\t\t(2391)\t5330\t4575\nNet (loss) / income attributable to equity holders of the parent\t\t(2454)\t5149\t4568\nNet income attributable to non-controlling interests\t\t63\t181\t7\nNet (loss) / income (including non-controlling interests)\t\t(2391)\t5330\t4575\n", "q10k_tbl_65": "\tYear Ended December 31\t\t\n\t2019\t2018\t2017\n(Loss) / earning per common share (in U.S. dollars)\t\t\t\nBasic\t(2.42)\t5.07\t4.48\nDiluted\t(2.42)\t5.04\t4.46\nWeighted average common shares outstanding (in millions) 11.3\t\t\t\nBasic\t1013\t1015\t1020\nDiluted\t1013\t1021\t1024\n", "q10k_tbl_66": "\tYear Ended December 31\t\t\t\t\t\n\t2019\t\t2018\t\t2017\t\nNet (loss) income (including non-controlling interests)\t\t(2391)\t\t5330\t\t4575\nItems that can be recycled to the consolidated statements of operations\t\t\t\t\t\t\nAvailable-for-sale-investments:\t\t\t\t\t\t\nGain arising during the period\t0\t\t0\t\t497\t\nReclassification adjustments for loss (gain) included in the consolidated statements of operations\t0\t\t0\t\t0\t\n\t0\t\t0\t\t497\t\nDerivative financial instruments:\t\t\t\t\t\t\nGain (loss) arising during the period\t354\t\t755\t\t(340)\t\nReclassification adjustments for (gain) loss included in the consolidated statements of operations)\t(1004\t\t353\t\t28\t\n\t(650)\t\t1108\t\t(312)\t\nExchange differences arising on translation of foreign operations:\t\t\t\t\t\t\nGain (loss) arising during the period\t177\t\t(1996)\t\t2025\t\nReclassification adjustments for gain included in the consolidated statements of operations)\t(105\t\t(15)\t\t(21)\t\n\t72\t\t(2011)\t\t2004\t\nShare of other comprehensive (loss) income related to associates and joint ventures\t\t\t\t\t\t\n(Loss) gain arising during the period)\t(82\t\t(239)\t\t341\t\nReclassification adjustments for loss (gain) included in the consolidated statements of operations\t10\t\t(123)\t\t217\t\n\t(72)\t\t(362)\t\t558\t\nIncome tax benefit (expense) related to components of other comprehensive income (loss) that can be recycled to the consolidated statements of operations\t279\t\t(274)\t\t167\t\nItems that cannot be recycled to the consolidated statements of operations\t\t\t\t\t\t\nInvestments in equity instruments at FVOCI:\t\t\t\t\t\t\nGain (loss) arising during the period\t28\t\t(603)\t\t0\t\nShare of other comprehensive gain (loss) related to associates and joint ventures\t10\t\t(5)\t\t0\t\n\t38\t\t(608)\t\t0\t\nEmployee benefits - Recognized actuarial (losses) gains)\t(259\t\t344\t\t1098\t\nShare of other comprehensive income (loss) related to associates and joint ventures\t0\t\t0\t\t29\t\nIncome tax (expense) benefit related to components of other comprehensive income that cannot be recycled to the consolidated statements of operations)\t(32\t\t228\t\t42\t\nTotal other comprehensive (loss) income)\t(624\t\t(1575)\t\t4083\t\nTotal other comprehensive (loss) income attributable to:\t\t\t\t\t\t\nEquity holders of the parent)\t(666\t\t(1478)\t\t4037\t\nNon-controlling interests\t42\t\t(97)\t\t46\t\n\t\t(624)\t\t(1575)\t\t4083\nTotal comprehensive (loss) income\t\t(3015)\t\t3755\t\t8658\nTotal comprehensive (loss) income attributable to:\t\t\t\t\t\t\nEquity holders of the parent\t\t(3120)\t\t3671\t\t8605\nNon-controlling interests\t\t105\t\t84\t\t53\nTotal comprehensive (loss) income\t\t(3015)\t\t3755\t\t8658\n", "q10k_tbl_67": "\t\tDecember 31\t\n\tNotes\t2019\t2018\nASSETS\t\t\t\nCurrent assets:\t\t\t\nCash and cash equivalents\t6.1.3\t4867\t2172\nRestricted cash\t6.1.3\t128\t182\nTrade accounts receivable and other (including 298 and 366 from related parties at December 31 2019 and 2018 respectively)\t4.3 and 12.1\t3569\t4432\nInventories\t4.4\t17296\t20744\nPrepaid expenses and other current assets\t4.5\t2756\t2834\nAssets held for sale\t2.3.2\t0\t2111\nTotal current assets\t\t28616\t32475\nNon-current assets:\t\t\t\nGoodwill and intangible assets\t5.1 and 5.3\t5432\t5728\nProperty plant and equipment and biological assets\t5.2 5.3 and 7\t36231\t35638\nInvestments in associates and joint ventures\t2.4\t6529\t4906\nOther investments\t2.5\t772\t855\nDeferred tax assets\t10.4\t8680\t8287\nOther assets\t4.6\t1648\t3360\nTotal non-current assets\t\t59292\t58774\nTotal assets\t\t87908\t91249\nLIABILITIES AND EQUITY\t\t\t\nCurrent liabilities:\t\t\t\nShort-term debt and current portion of long-term debt\t6.1.2.1 and 7\t2869\t3167\nTrade accounts payable and other (including 251 and 201 to related parties at December 31 2019 and 2018 respectively)\t4.7 and 12.2\t12614\t13981\nShort-term provisions\t9.1\t516\t539\nAccrued expenses and other liabilities\t4.8\t4910\t4709\nIncome tax liabilities\t\t378\t238\nLiabilities held for sale\t2.3.2\t0\t821\nTotal current liabilities\t\t21287\t23455\nNon-current liabilities:\t\t\t\nLong-term debt net of current portion\t6.1.2.2 and 7\t11471\t9316\nDeferred tax liabilities\t10.4\t2331\t2374\nDeferred employee benefits\t8.2\t7343\t6982\nLong-term provisions\t9.1\t2475\t1995\nOther long-term obligations\t9.2\t2518\t3019\nTotal non-current liabilities\t\t26138\t23686\nTotal liabilities\t\t47425\t47141\nContingencies and commitments\t9.3 and 9.4\t\t\nEquity:\t11\t\t\nCommon shares (no par value 1151576921 and 1151576921 shares authorized 1021903623 and 1021903623 shares issued and 1012079421 and 1013568258 shares outstanding at December 31 2019 and 2018 respectively)\t\t364\t364\nTreasury shares (9824202 and 8335365 common shares at December 31 2019 and 2018 respectively at cost)\t\t(602)\t(569)\nAdditional paid-in capital\t\t34826\t34894\nRetained earnings\t\t22883\t25611\nReserves\t\t(18950)\t(18214)\nEquity attributable to the equity holders of the parent\t\t38521\t42086\nNon-controlling interests\t\t1962\t2022\nTotal equity\t\t40483\t44108\nTotal liabilities and equity\t\t87908\t91249\n", "q10k_tbl_68": "\t\t\t\t\t\tReserves\t\t\t\t\t\t\n\t\t\t\t\t\tItems that can be recycled to the Consolidated Statements of Operations\t\tItems that cannot be recycled to the Consolidated Statements of Operations\t\t\t\t\n\tShares1\tShare Capital\tTreasury Shares\tAdditional Paid-in Capital\tRetained Earnings\tForeign Currency Translation Adjustments\tUnrealized Gains (Losses) on Derivative Financial Instruments relating to CFH\tUnrealized Gains (Losses) on Investments in Equity Instruments at FVOCI\tRecognized actuarial (losses) gains\tEquity attributable to the equity holders of the parent\tNon-controlling interests\tTotal Equity\nBalance at December 31 2016\t1020\t401\t(371)\t34826\t16049\t(16544)\t142\t322\t(4690)\t30135\t2190\t32325\nNet income (including non-controlling interests)\t0\t0\t0\t0\t4568\t0\t0\t0\t0\t4568\t7\t4575\nOther comprehensive income (loss)\t0\t0\t0\t0\t\t2602\t(235)\t501\t1169\t4037\t46\t4083\nTotal comprehensive income (loss)\t0\t0\t0\t0\t4568\t2602\t(235)\t501\t1169\t8605\t53\t8658\nRecognition of share-based payments (note 8.3)\t0\t0\t9\t22\t0\t0\t0\t0\t0\t31\t0\t31\nDividend (note 11.4)\t0\t0\t0\t0\t0\t0\t0\t0\t0\t0\t(145)\t(145)\nAcquisition of Bekaert Sumaré Ltda (note 2.2.4)\t0\t0\t0\t0\t0\t0\t0\t0\t0\t0\t48\t48\nMandatorily convertible bonds extension (note 11.2)\t0\t0\t0\t0\t0\t0\t0\t0\t0\t0\t(83)\t(83)\nOther movements\t0\t0\t0\t0\t18\t0\t0\t0\t0\t18\t3\t21\nBalance at December 31 2017\t1020\t401\t(362)\t34848\t20635\t(13942)\t(93)\t823\t(3521)\t38789\t2066\t40855\nNet income (including non-controlling interests)\t0\t0\t0\t0\t5149\t0\t0\t0\t0\t5149\t181\t5330\nOther comprehensive income (loss)\t0\t0\t0\t0\t0\t(2174)\t732\t(608)\t572\t(1478)\t(97)\t(1575)\nTotal comprehensive income (loss)\t0\t0\t0\t0\t5149\t(2174)\t732\t(608)\t572\t3671\t84\t3755\nRecognition of share-based payments (note 8.3)\t0\t0\t19\t9\t0\t0\t0\t0\t0\t28\t0\t28\nDividend (note 11.4)\t0\t0\t0\t0\t(101)\t0\t0\t0\t0\t(101)\t(115)\t(216)\nShare buyback (note 11.1))\t(7\t0\t(226)\t0\t0\t0\t0\t0\t0\t(226)\t0\t(226)\nChange in share capital currency (note 11.1)\t0\t(37)\t0\t37\t0\t0\t0\t0\t0\t0\t0\t0\nAcquisition of non-controlling interests (note 11.5)\t0\t0\t0\t0\t(55)\t0\t0\t0\t0\t(55)\t(13)\t(68)\nOther movements\t1\t0\t0\t0\t(17)\t0\t0\t(3)\t0\t(20)\t0\t(20)\nBalance at December 31 2018\t1014\t364\t(569)\t34894\t25611\t(16116)\t639\t212\t(2949)\t42086\t2022\t44108\nNet (loss) income (including non-controlling interests)\t0\t0\t0\t0\t(2454)\t0\t0\t0\t0\t(2454)\t63\t(2391)\nOther comprehensive income (loss)\t0\t0\t0\t0\t0\t(9)\t(404)\t38\t(291)\t(666)\t42\t(624)\nTotal comprehensive income (loss)\t0\t0\t0\t0\t(2454)\t(9)\t(404)\t38\t(291)\t(3120)\t105\t(3015)\nRecognition of share-based payments (note 8.3)\t2\t0\t57\t(68)\t0\t0\t0\t0\t0\t(11)\t0\t(11)\nDividend (note 11.4)\t0\t0\t0\t0\t(203)\t0\t0\t0\t0\t(203)\t(154)\t(357)\nShare buyback (note 11.1))\t(4\t0\t(90)\t0\t0\t0\t0\t0\t0\t(90)\t0\t(90)\nSharing of cash flow hedge (gain) from INR/USD hedging programs related to AMNS India (note 2.4.1)\t0\t0\t0\t0\t(141)\t0\t0\t0\t0\t(141)\t0\t(141)\nTransfer of fair value reserve of equity instruments designated at FVOCI (note 2.5)\t0\t0\t0\t0\t70\t0\t0\t(70)\t0\t0\t0\t0\nOther movements\t0\t0\t0\t0\t0\t0\t0\t0\t0\t0\t(11)\t(11)\nBalance at December 31 2019\t1012\t364\t(602)\t34826\t22883\t(16125)\t235\t180\t(3240)\t38521\t1962\t40483\n", "q10k_tbl_69": "\t\tYear Ended December 31\t\t\n\tNotes\t2019\t2018\t2017\nOperating activities:\t\t\t\t\nNet (loss) income (including non-controlling interests)\t\t(2391)\t5330\t4575\nAdjustments to reconcile net income to net cash provided by operations:\t\t\t\t\nDepreciation and amortization\t5.1 and 5.2\t3067\t2799\t2768\nImpairment\t5.3\t1927\t994\t206\nBargain purchase gain\t2.2.4\t0\t(209)\t0\nInterest expense\t6.2\t695\t687\t879\nInterest income\t6.2\t(88)\t(72)\t(56)\nIncome tax expense/ (benefit)\t10.1\t459\t(349)\t432\nRemeasurement loss relating to US deferred employee benefits\t8.2\t0\t15\t0\nNet gain on disposal of subsidiaries\t2.3.1\t(101)\t(16)\t(18)\nIncome from investments in associates joint ventures and other investments\t2.6\t(347)\t(652)\t(448)\nProvision on pensions and OPEB\t8.2\t435\t463\t555\nChange in fair value adjustment on call option on mandatory convertible bonds and pellet purchase agreement\t6.2\t320\t572\t(578)\nUnrealized foreign exchange effects\t\t7\t152\t(541)\nWrite-downs (reversal) of inventories to net realizable value provisions and other non-cash operating expenses net\t4.4\t818\t789\t781\nChanges in assets and liabilities that provided (required) cash net of acquisitions:\t\t\t\t\nTrade accounts receivable\t\t964\t(646)\t(620)\nInventories\t4.4\t2469\t(4652)\t(2347)\nTrade accounts payable and other\t4.7\t(1236)\t914\t1094\nInterest paid\t\t(723)\t(749)\t(947)\nInterest received\t\t118\t67\t57\nIncome taxes paid\t\t(484)\t(629)\t(506)\nDividends received from associates joint ventures and other investments\t\t370\t360\t232\nCash contributions to plan assets and benefits paid for pensions and OPEB\t8.2\t(348)\t(472)\t(496)\nVAT and other amounts received (paid) from/to public authorities\t\t196\t(544)\t(177)\nOther working capital and provisions movements\t\t(110)\t44\t(282)\nNet cash provided by operating activities\t\t6017\t4196\t4563\nInvesting activities:\t\t\t\t\nPurchase of property plant and equipment and intangibles\t\t(3572)\t(3305)\t(2819)\nDisposals of net assets of subsidiaries net of cash disposed of 38 1 and 13 in 2019 2018 and 2017 respectively\t2.3.1\t514\t65\t6\nAcquisitions of net assets of subsidiaries net of cash acquired of 3 13 and 617 in 2019 2018 and 2017 respectively\t2.2.4\t(46)\t(39)\t16\nLease installments and capital expenditure refund relating to ArcelorMittal Italia acquisition\t\t(200)\t0\t0\nAcquisition of AMNS India\t2.4.1\t(755)\t0\t0\nAcquisition of Uttam Galva and KSS Petron debt\t4.6\t(83)\t(1001)\t0\nDisposals of associates and joint ventures\t2.4.1 and 2.5\t0\t220\t0\nDisposals of financial assets\t2.5 and 2.6\t196\t44\t44\nOther investing activities net\t\t122\t257\t(77)\nNet cash used in investing activities\t\t(3824)\t(3759)\t(2830)\nFinancing activities:\t\t\t\t\nAcquisition of non-controlling interests\t11.5.2\t0\t(68)\t0\nProceeds from put and call option on shares\t2.2.4\t0\t115\t0\nProceeds from short-term debt\t6.1.3\t600\t2319\t1859\nProceeds from long-term debt\t6.1.3\t5772\t1138\t1407\nPayments of short-term debt\t6.1.3\t(1811)\t(2871)\t(2102)\nPayments of long-term debt\t6.1.3\t(3299)\t(798)\t(2691)\nShare buyback\t11.1\t(90)\t(226)\t0\nDividends paid (includes 129 119 and 141 of dividends paid to non-controlling shareholders in 2019 2018 and 2017 respectively)\t\t(332)\t(220)\t(141)\nPayment of principal portion of lease liabilities and other financing activities\t6.1.3\t(326)\t(78)\t(63)\nNet cash provided by (used in) financing activities\t\t514\t(689)\t(1731)\nNet increase (decrease) in cash and cash equivalents\t\t2707\t(252)\t2\nEffect of exchange rate changes on cash\t\t(22)\t(140)\t58\nCash and cash equivalents:\t\t\t\t\nAt the beginning of the year\t\t2172\t2574\t2501\nReclassification of the period-end cash and cash equivalents from (to) held for sale\t2.3\t10\t(10)\t13\nAt the end of the year\t\t4867\t2172\t2574\n", "q10k_tbl_70": "NOTE 1: ACCOUNTING PRINCIPLES\t\n1.1\tBasis of presentation\n1.2\tUse of judgment and estimates\n1.3\tAccounting standards applied\nNOTE 2: SCOPE OF CONSOLIDATION\t\n2.1\tBasis of consolidation\n2.2\tInvestments in subsidiaries\n2.3\tDivestments and assets held for sale\n2.4\tInvestments in associates and joint arrangements\n2.5\tOther investments\n2.6\tIncome (loss) from investments in associates joint ventures and other investments\nNOTE 3: SEGMENT REPORTING\t\n3.1\tReportable segments\n3.2\tGeographical information\n3.3\tSales by type of products\n3.4\tDisaggregated revenue\nNOTE 4: OPERATING DATA\t\n4.1\tRevenue\n4.2\tCost of sales\n4.3\tTrade accounts receivable and other\n4.4\tInventories\n4.5\tPrepaid expenses and other current assets\n4.6\tOther assets\n4.7\tTrade accounts payable and other\n4.8\tAccrued expenses and other liabilities\nNOTE 5: GOODWILL INTANGIBLE AND TANGIBLE ASSETS\t\n5.1\tGoodwill and intangible assets\n5.2\tProperty plant and equipment and biological assets\n5.3\tImpairment of intangible assets including goodwill and tangible assets\nNOTE 6: FINANCING AND FINANCIAL INSTRUMENTS\t\n6.1\tFinancial assets and liabilities\n6.2\tFinancing costs - net\n6.3\tRisk management policy\nNOTE 7: LEASES\t\nNOTE 8: PERSONNEL EXPENSES AND DEFERRED EMPLOYEE BENEFITS\t\n8.1\tEmployees and key management personnel\n8.2\tDeferred employee benefits\n8.3\tShare-based payments\nNOTE 9: PROVISIONS CONTINGENCIES AND COMMITMENTS\t\n9.1\tProvisions overview\n9.2\tOther long-term obligations\n9.3\tEnvironmental liabilities asset retirement obligations and legal proceedings\n9.4\tCommitments\nNOTE 10: INCOME TAXES\t\n10.1\tIncome tax expense (benefit)\n10.2\tIncome tax recorded directly in equity and/or other comprehensive income\n10.3\tUncertain tax positions\n10.4\tDeferred tax assets and liabilities\n10.5\tTax losses tax credits and other tax benefits carried forward\nNOTE 11: EQUITY\t\n11.1\tShare details\n11.2\tEquity instruments and hybrid instruments\n11.3\tEarnings per common share\n11.4\tDividends\n11.5\tNon-controlling interests\nNOTE 12: RELATED PARTIES\t\n12.1\tSales and trade receivables\n12.2\tPurchases and trade payables\n12.3\tOther transactions with related parties\n", "q10k_tbl_71": "Name of Subsidiary\tCountry\t% of Ownership\nNAFTA\t\t\nArcelorMittal Dofasco G.P.\tCanada\t100.00%\nArcelorMittal México S.A. de C.V.\tMexico\t100.00%\nArcelorMittal USA LLC\tUnited States\t100.00%\nArcelorMittal Long Products Canada G.P.\tCanada\t100.00%\nBrazil and neighboring countries (\"Brazil\")\t\t\nArcelorMittal Brasil S.A.\tBrazil\t97.01%\nAcindar Industria Argentina de Aceros S.A.\tArgentina\t100.00%\nEurope\t\t\nArcelorMittal France S.A.S.\tFrance\t100.00% 1\nArcelorMittal Belgium N.V.\tBelgium\t100.00%\nArcelorMittal España S.A.\tSpain\t99.85%\nArcelorMittal Flat Carbon Europe S.A.\tLuxembourg\t100.00%\nArcelorMittal Poland S.A.\tPoland\t100.00%\nArcelorMittal Eisenhüttenstadt GmbH\tGermany\t100.00%\nArcelorMittal Bremen GmbH\tGermany\t100.00%\nArcelorMittal Méditerranée S.A.S.\tFrance\t100.00%\nArcelorMittal Belval & Differdange S.A.\tLuxembourg\t100.00%\nArcelorMittal Hamburg GmbH\tGermany\t100.00%\nArcelorMittal Duisburg GmbH\tGermany\t100.00%\nArcelorMittal International Luxembourg S.A.\tLuxembourg\t100.00%\nArcelorMittal Italia S.p.A.\tItaly\t94.45%\nAfrica and Commonwealth of Independent States (\"ACIS\")\t\t\nArcelorMittal South Africa Ltd. (\"AMSA\")\tSouth Africa\t69.22%\nJSC ArcelorMittal Temirtau\tKazakhstan\t100.00%\nPJSC ArcelorMittal Kryvyi Rih (\"AM Kryvyi Rih\")\tUkraine\t95.13%\nMining\t\t\nArcelorMittal Mining Canada G.P. and ArcelorMittal Infrastructure G.P.(\"AMMC\")\tCanada\t85.00%\nArcelorMittal Liberia Ltd\tLiberia\t85.00%\nJSC ArcelorMittal Temirtau\tKazakhstan\t100.00%\nPJSC ArcelorMittal Kryvyi Rih\tUkraine\t95.13%\n", "q10k_tbl_72": "\tMünker\tAMSF\tIlva\nCurrent assets\t22\t262\t1156\nProperty plant and equipment\t34\t600\t1118\nIntangible assets\t11\t19\t267\nOther non-current assets\t0\t252\t369\nTotal assets acquired\t67\t1133\t2910\nDeferred tax liabilities)\t(8\t(45)\t(74)\nOther liabilities)\t(14\t(792)\t(1113)\nTotal liabilities acquired)\t(22\t(837)\t(1187)\nNet assets acquired\t45\t296\t1723\nNon-controlling interests\t0\t0\t0\nConsideration paid net\t46\t0\t52\nConsideration payable\t5\t328\t1490\nGoodwill/(bargain purchase gain)\t6\t32\t(181)\n", "q10k_tbl_73": "\t2019\t\t2018\t\t2017\t\t\n\tArcelorMittal Italia remedies\tGlobal Chartering Limited\tFrýdek Místek\tVotorantim remedies\tAMTBA\tDownstream Solutions Europe\tGeorgetown\nCash and cash equivalents\t0\t0\t0\t0\t13\t0\t0\nOther current assets\t1386\t14\t48\t40\t46\t38\t0\nProperty plant and equipment\t178\t517\t35\t48\t55\t2\t4\nOther assets\t11\t21\t0\t0\t10\t17\t0\nTotal assets\t1575\t552\t83\t88\t124\t57\t4\nCurrent liabilities\t1046\t229\t31\t4\t52\t18\t1\nOther long-term liabilities\t241\t311\t4\t0\t7\t12\t2\nTotal liabilities\t1287\t540\t35\t4\t59\t30\t3\nTotal net assets\t288\t12\t48\t84\t65\t27\t1\nAssigned receivables\t404\t0\t0\t0\t0\t0\t0\n% of net assets sold%\t100\t50%\t100%\t100%\t100%\t100%\t100%\nTotal net assets disposed of\t692\t6\t48\t84\t65\t27\t1\nCash consideration received net of escrow deposit and cash disposed\t518\t(4)\t39\t26\t65\t6\t19\nConsideration receivable\t174\t6\t10\t58\t\t\t\nReclassification of foreign exchange reserves\t72\t33\t15\t0\t0\t21\t0\nGain on disposal\t72\t29\t16\t0\t0\t0\t18\n", "q10k_tbl_74": "\tDecember 31 2018\t\t\n\tArcelorMittal Italia remedies\tSteelton\tTotal\nCurrent Assets:\t\t\t\nCash and cash equivalents\t10\t0\t10\nTrade accounts receivable prepaid expenses and other current assets\t291\t28\t319\nInventories\t1011\t23\t1034\nTotal Current Assets\t1312\t51\t1363\nNon-current Assets:\t\t\t\nProperty plant and equipment\t638\t78\t716\nOther assets\t32\t0\t32\nTotal Non-current Assets\t670\t78\t748\nTotal Assets\t1982\t129\t2111\nCurrent Liabilities:\t\t\t\nTrade accounts payables accrued expenses and other liabilities\t542\t21\t563\nTotal Current Liabilities\t542\t21\t563\nNon-current Liabilities:\t\t\t\nLong-term debt\t77\t0\t77\nOther long-term liabilities\t164\t17\t181\nTotal Non-current Liabilities\t241\t17\t258\nTotal Liabilities\t783\t38\t821\n", "q10k_tbl_75": "\tDecember 31\t\nCategory\t2019\t2018\nJoint ventures\t2586\t1011\nAssociates\t2859\t2871\nIndividually immaterial joint ventures and associates1\t1084\t1024\nTotal\t6529\t4906\n", "q10k_tbl_76": "\tDecember 31 2019\t\t\t\t\t\nJoint Ventures\tAMNS India\tCalvert\tVAMA\tTameh\tBorçelik\tTotal\nPlace of incorporation and operation 1\tIndia\tUnited States\tChina\tPoland\tTurkey\t\nPrincipal Activity\tIntegrated flat steel producer 56\tAutomotive steel finishing\tAutomotive steel finishing\tEnergy production and supply\tManufacturing and sale of steel 234\t\nOwnership and voting rights at December 31 2019\t60.00%\t50.00%\t50.00%\t50.00%\t50.00%\t\nCurrent assets\t2318\t1604\t313\t171\t508\t4914\nof which cash and cash equivalents\t444\t62\t81\t75\t106\t768\nNon-current assets\t6295\t1282\t637\t580\t267\t9061\nCurrent liabilities\t5922\t984\t485\t183\t378\t7952\nof which trade and other payables and provisions\t670\t144\t226\t139\t274\t1453\nNon-current liabilities\t189\t764\t147\t244\t49\t1393\nof which trade and other payables and provisions\t46\t0\t0\t26\t49\t121\nNet assets\t2502\t1138\t318\t324\t348\t4630\nCompany's share of net assets\t1501\t569\t159\t162\t174\t2565\nAdjustments for differences in accounting policies and other\t48\t6\t0\t0\t(33)\t21\nCarrying amount in the statements of financial position\t1549\t575\t159\t162\t141\t2586\nRevenue\t0\t3504\t772\t499\t1141\t5916\nDepreciation and amortization\t0\t(63)\t(31)\t(37)\t(24)\t(155)\nInterest income\t2\t2\t1\t0\t1\t6\nInterest expense\t(10)\t(48)\t(23)\t(7)\t(19)\t(107)\nIncome tax benefit (expense)\t(83)\t0\t(22)\t(7)\t(10)\t(122)\nProfit (loss) from continuing operations\t(116)\t156\t10\t28\t19\t97\nTotal comprehensive income (loss)\t(116)\t156\t10\t28\t19\t97\nCash dividends received by the Company\t0\t57\t0\t9\t12\t78\n", "q10k_tbl_77": "\tDecember 31 2018\t\t\t\t\nJoint Ventures\tCalvert\tVAMA\tTameh\tBorçelik\tTotal\nPlace of incorporation and operation1\tUnited States\tChina\tPoland\tTurkey\t\nPrincipal Activity\tAutomotive steel finishing\tAutomotive steel finishing\tEnergy production and supply\tManufacturing and sale of steel 234\t\nOwnership and voting rights at December 31 2018\t50.00%\t50.00%\t50.00%\t50.00%\t\nCurrent assets\t1490\t329\t205\t519\t2543\nof which cash and cash equivalents\t76\t85\t90\t67\t318\nNon-current assets\t1282\t688\t540\t282\t2792\nCurrent liabilities\t824\t491\t208\t398\t1921\nof which trade and other payables and provisions\t173\t180\t176\t263\t792\nNon-current liabilities\t853\t217\t226\t49\t1345\nof which trade and other payables and provisions\t0\t0\t22\t0\t22\nNet assets\t1095\t309\t311\t354\t2069\nCompany's share of net assets\t548\t156\t156\t177\t1037\nAdjustments for differences in accounting policies and other\t6\t0\t0\t(32)\t(26)\nCarrying amount in the statements of financial position\t554\t156\t156\t145\t1011\nRevenue\t3295\t625\t467\t1328\t5715\nDepreciation and amortization\t(62)\t(32)\t(31)\t(22)\t(147)\nInterest income\t1\t1\t0\t2\t4\nInterest expense\t(40)\t(26)\t(4)\t(20)\t(90)\nIncome tax benefit (expense)\t0\t(1)\t(8)\t(18)\t(27)\nProfit (loss) from continuing operations\t312\t5\t30\t6\t353\nOther comprehensive income (loss)\t0\t0\t3\t1\t4\nTotal comprehensive income (loss)\t312\t5\t33\t7\t357\nCash dividends received by the Company\t48\t0\t4\t34\t86\n", "q10k_tbl_78": "\tDecember 31 2017\t\t\t\t\t\nJoint Ventures\tCalvert\tMacsteel\tVAMA\tTameh\tBorçelik\tTotal\nPlace of incorporation and operation1\tUnited States\tNetherlands\tChina\tPoland\tTurkey\t\nPrincipal Activity\tAutomotive steel finishing\tSteel trading and shipping\tAutomotive steel finishing\tEnergy production and supply\tManufacturing and sale of steel 23\t\nOwnership and voting rights at December 31 2017\t50.00%\t50.00%\t49.00%\t50.00%\t45.33%\tOwnership and voting rights % at **\nCurrent assets\t1135\t739\t283\t158\t519\t2834\nof which cash and cash equivalents\t13\t95\t71\t57\t7\t243\nNon-current assets\t1303\t389\t754\t476\t296\t3218\nCurrent liabilities\t612\t404\t449\t132\t357\t1954\nof which trade and other payables and provisions\t118\t235\t190\t118\t244\t905\nNon-current liabilities\t947\t43\t277\t189\t46\t1502\nof which trade and other payables and provisions\t0\t3\t0\t20\t0\t23\nNet assets\t879\t681\t311\t313\t412\t2596\nCompany's share of net assets\t440\t341\t152\t156\t187\t1276\nAdjustments for differences in accounting policies and other\t6\t(3)\t0\t0\t(30)\t(27)\nCarrying amount in the statements of financial position\t446\t338\t152\t156\t157\t1249\nRevenue\t2870\t2775\t489\t330\t1234\t7698\nDepreciation and amortization\t(62)\t(1)\t(30)\t(27)\t(22)\t(142)\nInterest income\t0\t14\t1\t0\t1\t16\nInterest expense\t(35)\t(10)\t(28)\t4\t(12)\t(81)\nIncome tax benefit (expense)\t0\t(5)\t0\t(7)\t(20)\t(32)\nProfit (loss) from continuing operations\t270\t31\t5\t42\t65\t413\nOther comprehensive income (loss)\t0\t2\t0\t(1)\t(1)\t0\nTotal comprehensive income (loss)\t270\t33\t5\t41\t64\t413\nCash dividends received by the Company\t20\t0\t0\t4\t30\t54\n", "q10k_tbl_79": "\tDecember 31 2019\t\t\t\t\nAssociates\tChina Oriental\tDHS Group\tGonvarri Steel Industries\tBaffinland\tTotal\nFinancial statements reporting date\tJune 30 2019\tSeptember 30 2019\tSeptember 30 2019\tDecember 31 2019\t\nPlace of incorporation and operation1\tBermuda\tGermany\tSpain\tCanada\t\nPrincipal Activity\tIron and steel manufacturing\tSteel manufacturing 3\tSteel manufacturing 4\tExtraction of iron ore 5\t\nOwnership and voting rights at December 31 2019\t37.02%\t33.43%\t35.00%\t25.70%\t\nCurrent assets\t2920\t1385\t2062\t479\t6846\nNon-current assets\t1797\t2794\t1628\t2403\t8622\nCurrent liabilities\t1837\t402\t1038\t663\t3940\nNon-current liabilities\t150\t979\t795\t891\t2815\nNon-controlling interests\t44\t122\t218\t0\t384\nNet assets attributable to equity holders of the parent\t2686\t2676\t1639\t1328\t8329\nCompany's share of net assets\t994\t895\t574\t341\t2804\nAdjustments for differences in accounting policies and other\t0\t43\t(49)\t7\t1\nOther adjustments2\t5\t27\t22\t0\t54\nCarrying amount in the statements of financial position\t999\t965\t547\t348\t2859\nRevenue\t3102\t1795\t3724\t454\t9075\nProfit (loss) from continuing operations\t249\t(116)\t82\t(72)\t143\nOther comprehensive income (loss)\t0\t8\t(7)\t0\t1\nTotal comprehensive income (loss)\t249\t(108)\t75\t(72)\t144\nCash dividends received by the Company\t57\t0\t13\t0\t70\n", "q10k_tbl_80": "\tDecember 31 2018\t\t\t\t\nAssociates\tChina Oriental\tDHS Group\tGonvarri Steel Industries\tBaffinland\tTotal\nFinancial statements reporting date\tJune 30 2018\tSeptember 30 2018\tSeptember 30 2018\tDecember 31 2018\t\nPlace of incorporation and operation1\tBermuda\tGermany\tSpain\tCanada\t\nPrincipal Activity\tIron and steel manufacturing\tSteel manufacturing 3\tSteel manufacturing 4\tExtraction of iron ore 5\t\nOwnership and voting rights at December 31 2018\t37.02%\t33.43%\t35.00%\t28.76%\t\nCurrent assets\t2516\t1528\t2183\t390\t6617\nNon-current assets\t1443\t3062\t1526\t1949\t7980\nCurrent liabilities\t1426\t480\t1134\t399\t3439\nNon-current liabilities\t35\t1005\t677\t694\t2411\nNon-controlling interests\t45\t136\t219\t0\t400\nNet assets attributable to equity holders of the parent\t2453\t2969\t1679\t1246\t8347\nCompany's share of net assets\t908\t992\t588\t358\t2846\nAdjustments for differences in accounting policies and other\t0\t27\t(52)\t22\t(3)\nOther adjustments2\t44\t(4)\t(12)\t0\t28\nCarrying amount in the statements of financial position\t952\t1015\t524\t380\t2871\nRevenue\t3370\t1959\t3544\t320\t9193\nProfit (loss) from continuing operations\t474\t20\t60\t(98)\t456\nOther comprehensive income (loss)\t0\t5\t(37)\t0\t(32)\nTotal comprehensive income (loss)\t474\t25\t23\t(98)\t424\nCash dividends received by the Company\t92\t5\t16\t0\t113\n", "q10k_tbl_81": "\tDecember 31 2017\t\t\t\t\nAssociates\tChina Oriental\tDHS Group\tGonvarri Steel Industries\tBaffinland\tTotal\nFinancial statements reporting date\tJune 30 2017\tSeptember 30 2017\tSeptember 30 2017\tDecember 31 2017\t\nPlace of incorporation and operation1\tBermuda\tGermany\tSpain\tCanada\t\nPrincipal Activity\tIron and steel manufacturing\tSteel manufacturing 3\tSteel manufacturing 4\tExtraction of iron ore 5\t\nOwnership and voting rights at December 31 2017\t39.02%\t33.43%\t35.00%\t31.07%\t\nCurrent assets\t1737\t1699\t1967\t355\t5758\nNon-current assets\t1336\t3096\t1372\t1698\t7502\nCurrent liabilities\t1261\t555\t889\t302\t3007\nNon-current liabilities\t119\t1121\t446\t531\t2217\nNon-controlling interests\t23\t136\t220\t0\t379\nNet assets attributable to equity holders of the parent\t1670\t2983\t1784\t1220\t7657\nCompany's share of net assets\t652\t997\t624\t379\t2652\nAdjustments for differences in accounting policies and other\t0\t32\t(54)\t23\t1\nOther adjustments2\t183\t22\t(4)\t0\t201\nCarrying amount in the statements of financial position\t835\t1051\t566\t402\t2854\nRevenue\t2944\t1773\t2862\t341\t7920\nProfit (loss) from continuing operations\t275\t(4)\t122\t(20)\t373\nOther comprehensive income (loss)\t(1)\t(5)\t(9)\t0\t(15)\nTotal comprehensive income (loss)\t274\t(9)\t113\t(20)\t358\nCash dividends received by the Company\t49\t0\t18\t0\t67\n", "q10k_tbl_82": "\tDecember 31 2019\t\t\tDecember 31 2018\t\t\n\tAssociates\tJoint Ventures\tTotal\tAssociates\tJoint Ventures\tTotal\nCarrying amount of interests in associates and joint ventures\t304\t780\t1084\t310\t714\t1024\nShare of:\t\t\t\t\t\t\nIncome from continuing operations\t26\t87\t113\t8\t80\t88\nOther comprehensive income (loss)\t1\t2\t3\t(5)\t2\t(3)\nTotal comprehensive income\t27\t89\t116\t3\t82\t85\n", "q10k_tbl_83": "\tDecember 31\t\n\t2019\t2018\nErdemir\t642\t577\nStalprodukt S.A.\t57\t101\nPowercell Sweden\t23\t12\nGerdau\t0\t115\nOthers\t50\t50\nInvestments in equity instruments at FVOCI\t772\t855\n", "q10k_tbl_84": "\tYear Ended December 31\t\t\n\t2019\t2018\t2017\nShare in net earnings of equity-accounted companies\t252\t567\t537\nImpairment charges\t0\t(132)\t(26)\nGain (loss) on disposal)\t(4\t126\t(117)\nDividend income\t99\t91\t54\nTotal\t347\t652\t448\n", "q10k_tbl_85": "\tNAFTA\t\tBrazil\tEurope\tACIS\tMining\tOthers 1\tElimination\tTotal\nYear ended December 31 2019\t\t\t\t\t\t\t\t\t\nSales to external customers\t18478\t\t6927\t37487\t6487\t1165\t71\t0\t70615\nIntersegment sales 2\t77\t\t1186\t234\t350\t3672\t353\t(5872)\t0\nOperating income (loss))\t(1259\t\t846\t(1107)\t(25)\t1215\t(295)\t(2)\t(627)\nDepreciation and amortization)\t(570\t\t(274)\t(1256)\t(364)\t(448)\t(155)\t0\t(3067)\nImpairment)\t(1300\t\t0\t(525)\t(102)\t0\t0\t0\t(1927)\nCapital expenditures\t727\t\t328\t1353\t513\t480\t171\t0\t3572\nYear ended December 31 2018\t\t\t\t\t\t\t\t\t\nSales to external customers\t20145\t\t7041\t40247\t7506\t1009\t85\t0\t76033\nIntersegment sales 2\t187\t\t1670\t241\t455\t3202\t307\t(6062)\t0\nOperating income (loss)\t1889\t\t1356\t1632\t1094\t860\t(247)\t(45)\t6539\nDepreciation and amortization)\t(522\t\t(298)\t(1195)\t(311)\t(418)\t(55)\t0\t(2799)\nBargain purchase gain3\t0\t0\t0\t209\t0\t0\t0\t0\t209\nImpairment\t0\t\t(86)\t(908)\t0\t0\t0\t0\t(994)\nCapital expenditures\t669\t\t244\t1336\t534\t485\t37\t0\t3305\nYear ended December 31 2017\t\t\t\t\t\t\t\t\t\nSales to external customers\t17893\t\t6571\t35825\t7323\t985\t82\t0\t68679\nIntersegment sales 2\t104\t\t1184\t383\t298\t3048\t303\t(5320)\t0\nOperating income (loss)\t1185\t\t697\t2359\t508\t991\t(288)\t(18)\t5434\nDepreciation and amortization)\t(518\t\t(293)\t(1201)\t(313)\t(416)\t(27)\t0\t(2768)\nImpairment\t0\t\t0\t0\t(206)\t0\t0\t0\t(206)\nCapital expenditures\t466\t\t263\t1143\t427\t495\t25\t0\t2819\n", "q10k_tbl_86": "\tYear ended December 31\t\t\n\t2019\t2018\t2017\nOperating (loss)/income)\t(627\t6539\t5434\nIncome from investments in associates and joint ventures\t347\t652\t448\nFinancing costs - net)\t(1652\t(2210)\t(875)\n(Loss) income before taxes)\t(1932\t4981\t5007\nIncome tax expense (benefit)\t459\t(349)\t432\nNet (loss) income (including non-controlling interests))\t(2391\t5330\t4575\n", "q10k_tbl_87": "\tYear ended December 31\t\t\n\t2019\t2018\t2017\nAmericas\t\t\t\nUnited States\t15238\t16271\t14367\nBrazil\t5094\t4982\t4149\nCanada\t3004\t3563\t3034\nMexico\t1941\t1970\t2251\nArgentina\t814\t960\t1230\nOthers\t1195\t1322\t1005\nTotal Americas\t27286\t29068\t26036\nEurope\t\t\t\nGermany\t5694\t6757\t5933\nPoland\t3957\t4518\t3746\nFrance\t4114\t4431\t4051\nSpain\t3855\t4265\t3751\nItaly\t4317\t3333\t2711\nCzech Republic\t1244\t1782\t1400\nTurkey\t1499\t1683\t1937\nUnited Kingdom\t1434\t1471\t1370\nBelgium\t1617\t1309\t1129\nNetherlands\t1142\t1209\t1117\nRussia\t876\t1144\t1204\nRomania\t720\t708\t621\nOthers\t4899\t5653\t4948\nTotal Europe\t35368\t38263\t33918\nAsia & Africa\t\t\t\nSouth Africa\t2260\t2742\t2560\nMorocco\t583\t628\t596\nEgypt\t309\t206\t310\nRest of Africa\t1278\t1257\t1033\nChina\t676\t608\t622\nKazakhstan\t470\t496\t392\nSouth Korea\t380\t365\t259\nIndia\t95\t92\t163\nRest of Asia\t1910\t2308\t2790\nTotal Asia & Africa\t7961\t8702\t8725\nTotal\t70615\t76033\t68679\n", "q10k_tbl_88": "\tDecember 31\t\n\t2019\t2018\nAmericas\t\t\nCanada\t5336\t5187\nBrazil\t4254\t4259\nUnited States\t2878\t4022\nMexico\t1408\t1163\nArgentina\t266\t252\nVenezuela\t17\t10\nOthers\t16\t19\nTotal Americas\t14175\t14912\nEurope\t\t\nFrance\t4293\t4363\nGermany\t2665\t2607\nBelgium2\t2695\t2526\nPoland\t2508\t2356\nUkraine\t2674\t2219\nSpain\t1920\t1971\nItaly\t1488\t1365\nLuxembourg\t1231\t1229\nBosnia and Herzegovina\t188\t205\nRomania2\t62\t86\nCzech Republic2\t31\t24\nOthers\t165\t235\nTotal Europe\t19920\t19186\nAsia & Africa\t\t\nKazakhstan\t1519\t1309\nSouth Africa\t568\t625\nLiberia\t157\t148\nMorocco\t92\t93\nOthers\t128\t107\nTotal Asia & Africa\t2464\t2282\nUnallocated assets\t22733\t22394\nTotal\t59292\t58774\n", "q10k_tbl_89": "\tYear ended December 31\t\t\n\t2019\t2018\t2017\nFlat products\t43633\t46734\t43065\nLong products\t13706\t15751\t13685\nTubular products\t2044\t2158\t1810\nMining products\t1165\t1009\t985\nOthers\t10067\t10380\t9134\nTotal\t70615\t76033\t68679\n", "q10k_tbl_90": "Year ended December 31 2019\tNAFTA\tBrazil\tEurope\tACIS\tMining\tOthers\tTotal\nSteel sales\t17669\t6467\t33759\t5789\t0\t0\t63684\nNon-steel sales 1\t122\t66\t1130\t239\t1117\t0\t2674\nBy-product sales 2\t114\t93\t816\t135\t0\t0\t1158\nOther sales 3\t573\t301\t1782\t324\t48\t71\t3099\nTotal\t18478\t6927\t37487\t6487\t1165\t71\t70615\n", "q10k_tbl_91": "Year ended December 31 2018\tNAFTA\tBrazil\tEurope\tACIS\tMining\tOthers\tTotal\nSteel sales\t19372\t6582\t36603\t6748\t0\t0\t69305\nNon-steel sales 1\t148\t31\t882\t243\t968\t0\t2272\nBy-product sales 2\t124\t115\t947\t182\t0\t0\t1368\nOther sales 3\t501\t313\t1815\t333\t41\t85\t3088\nTotal\t20145\t7041\t40247\t7506\t1009\t85\t76033\n", "q10k_tbl_92": "Year ended December 31 2017\tNAFTA\tBrazil\tEurope\tACIS\tMining\tOthers\tTotal\nSteel sales\t17210\t6128\t32676\t6661\t0\t0\t62675\nNon-steel sales 1\t121\t77\t817\t188\t947\t0\t2150\nBy-product sales 2\t98\t89\t683\t159\t0\t0\t1029\nOther sales 3\t464\t277\t1649\t315\t38\t82\t2825\nTotal\t17893\t6571\t35825\t7323\t985\t82\t68679\n", "q10k_tbl_93": "\tYear ended December 31\t\t\n\t2019\t2018\t2017\nTrade accounts receivable and other - opening balance\t4432\t3863\t2974\nPerformance obligations satisfied\t70615\t76033\t68679\nPayments received)\t(71559\t(75387)\t(68059)\nImpairment of receivables (net of write backs and utilization)\t9\t(8)\t0\nReclassification of the period-end receivables to held for sale\t0\t(182)\t0\nAdditions through business combinations\t4\t532\t33\nForeign exchange and others\t68\t(419)\t236\nTrade accounts receivable and other - closing balance\t3569\t4432\t3863\n", "q10k_tbl_94": "\tYear ended December 31\t\t\n\t2019\t2018\t2017\nMaterials\t47809\t46842\t42813\nLabor costs\t9094\t9206\t8842\nLogistic expenses\t4951\t4974\t4161\nDepreciation and amortization\t3067\t2799\t2768\nGain on bargain purchase1\t0\t(209)\t0\nImpairment\t1927\t994\t206\nOther\t2039\t2419\t2086\nTotal\t68887\t67025\t60876\n", "q10k_tbl_95": "\tDecember 31\t\n\t2019\t2018\nGross amount\t3698\t4605\nAllowance for lifetime expected credit losses)\t(129\t(173)\nTotal\t3569\t4432\n", "q10k_tbl_96": "\tDecember 31\t\n\t2019\t2018\nNAFTA\t285\t579\nBrazil\t702\t864\nEurope\t1983\t2348\nACIS\t523\t531\nMining\t76\t110\nTotal\t3569\t4432\n", "q10k_tbl_97": "\tDecember 31\t\t\tDecember 31\t\t\n\t2019\t\t\t2018\t\t\n\tGross\tAllowance\tTotal\tGross\tAllowance\tTotal\nNot past due\t2851\t(11)\t2840\t3377\t(3)\t3374\nOverdue 1-30 days\t452\t(2)\t450\t691\t(3)\t688\nOverdue 31-60 days\t85\t(1)\t84\t178\t(1)\t177\nOverdue 61-90 days\t43\t0\t43\t97\t(1)\t96\nOverdue 91-180 days\t67\t(4)\t63\t59\t(4)\t55\nMore than 180 days\t200\t(111)\t89\t203\t(161)\t42\nTotal\t3698\t(129)\t3569\t4605\t(173)\t4432\n", "q10k_tbl_98": "\tYear ended December 31\t\t\n\t2019\t2018\t2017\nAllowance - opening balance\t173\t193\t184\nAdditions\t18\t35\t34\nWrite backs / utilization)\t(27\t(29)\t(38)\nForeign exchange and others)\t(35\t(26)\t13\nAllowance - closing balance\t129\t173\t193\n", "q10k_tbl_99": "\tDecember 31\t\n\t2019\t2018\nFinished products\t5821\t7464\nProduction in process\t4165\t4596\nRaw materials\t5101\t6822\nManufacturing supplies spare parts and other 1\t2209\t1862\nTotal\t17296\t20744\n", "q10k_tbl_100": "\tYear ended December 31\t\t\n\t2019\t2018\t2017\nInventory reserve - opening balance\t1168\t1239\t1097\nAdditions 1\t726\t423\t442\nDeductions / Releases 2)\t(212\t(382)\t(404)\nForeign exchange and others\t78\t(112)\t104\nInventory reserve - closing balance\t1760\t1168\t1239\n", "q10k_tbl_101": "\tDecember 31\t\n\t2019\t2018\nVAT receivables\t941\t1049\nPrepaid expenses and non-trade receivables\t696\t416\nFinancial amounts receivable\t350\t304\nIncome tax receivable\t102\t106\nReceivables from public authorities\t137\t125\nReceivables from sale of financial and intangible assets\t153\t149\nDerivative financial instruments\t268\t617\nOther 1\t109\t68\nTotal\t2756\t2834\n", "q10k_tbl_102": "\tDecember 31\t\n\t2019\t2018\nDerivative financial instruments\t130\t609\nFinancial amounts receivable\t594\t1679\nLong-term VAT receivables\t285\t322\nCash guarantees and deposits\t164\t185\nReceivables from public authorities\t51\t172\nAccrued interest\t65\t86\nReceivables from sale of financial and intangible assets\t131\t61\nIncome tax receivable\t25\t18\nOther 1\t203\t228\nTotal\t1648\t3360\n", "q10k_tbl_103": "\tDecember 31\t\n\t2019\t2018\nAccrued payroll and employee related expenses\t1560\t1613\nAccrued interest and other payables\t927\t976\nPayable from acquisition of intangible tangible & financial assets\t1559\t1332\nOther amounts due to public authorities\t507\t540\nDerivative financial instruments 1\t308\t190\nUnearned revenue and accrued payables\t49\t58\nTotal\t4910\t4709\n", "q10k_tbl_104": "\tDecember 31\t\n\t2019\t2018\nGoodwill on acquisitions\t5104\t4986\nConcessions patents and licenses\t197\t293\nCustomer relationships and trade marks\t95\t90\nOther1\t36\t359\nTotal\t5432\t5728\n", "q10k_tbl_105": "\tDecember 31 2017\tDivestments and assets held for sale 1\tForeign exchange differences and other movements 2\tDecember 31 2018\nNAFTA\t2249\t0\t(51)\t2198\nBrazil\t1640\t(18)\t(218)\t1404\nEurope\t582\t(16)\t(16)\t550\nACIS\t823\t0\t11\t834\nTotal\t5294\t(34)\t(274)\t4986\n", "q10k_tbl_106": "\tDecember 31 2018\tDivestments and assets held for sale\tForeign exchange differences and other movements 1\tDecember 31 2019\nNAFTA\t2198\t0\t35\t2233\nBrazil\t1404\t0\t(51)\t1353\nEurope\t550\t0\t(5)\t545\nACIS\t834\t0\t139\t973\nTotal\t4986\t0\t118\t5104\n", "q10k_tbl_107": "\tConcessions patents and licenses\tCustomer relationships and trade marks\tOther\tTotal\nCost\t\t\t\t\nAt December 31 2017\t766\t1214\t96\t2076\nAcquisitions\t22\t0\t39\t61\nAcquisitions through business combinations (note 2.2.4)\t2\t0\t317\t319\nDisposals\t0\t0\t(5)\t(5)\nForeign exchange differences)\t(61\t(83)\t(4)\t(148)\nTransfers to assets held for sale (note 2.3))\t(32\t0\t0\t(32)\nTransfers and other movements1\t64\t1\t0\t65\nFully amortized intangible assets 2)\t(16\t(4)\t0\t(20)\nAt December 31 2018\t745\t1128\t443\t2316\nAcquisitions\t17\t0\t65\t82\nAcquisitions through business combination (note 2.2.4)\t0\t12\t0\t12\nDisposal\t0\t0\t(6)\t(6)\nForeign exchange differences)\t(8\t(11)\t(4)\t(23)\nTransfers and other movements 1)\t(107\t4\t(351)\t(454)\nFully amortized intangible assets 2)\t(17\t0\t0\t(17)\nAt December 31 2019\t630\t1133\t147\t1910\nAccumulated amortization and impairment losses\t\t\t\t\nAt December 31 2017\t491\t1096\t46\t1633\nAmortization charge\t47\t22\t42\t111\nForeign exchange differences)\t(44\t(76)\t(3)\t(123)\nTransfers to assets held for sale (note 2.3))\t(27\t0\t0\t(27)\nTransfers and other movements1\t1\t0\t(1)\t0\nFully amortized intangible assets 2)\t(16\t(4)\t0\t(20)\nAt December 31 2018\t452\t1038\t84\t1574\nAmortization charge\t53\t11\t30\t94\nForeign exchange differences)\t(7\t(11)\t(2)\t(20)\nTransfers and other movements1)\t(48\t0\t(1)\t(49)\nFully amortized intangible assets 2)\t(17\t0\t0\t(17)\nAt December 31 2019\t433\t1038\t111\t1582\nCarrying amount\t\t\t\t\nAt December 31 2018\t293\t90\t359\t742\nAt December 31 2019\t197\t95\t36\t328\n", "q10k_tbl_108": "\tLand buildings and Improvements\tMachinery equipment and other 2\tConstruction in progress\tRight-of-use assets4\tMining Assets\tTotal\nCost\t\t\t\t\t\t\nAt December 31 2017\t12845\t50174\t3732\t0\t3875\t70626\nAdditions\t36\t282\t3064\t0\t28\t3410\nAcquisitions through business combinations (note 2.2.4)\t358\t1210\t58\t0\t0\t1626\nForeign exchange differences)\t(888\t(4006)\t(220)\t0\t(100)\t(5214)\nDisposals)\t(120\t(535)\t(113)\t0\t(13)\t(781)\nDivestments (note 2.3.1))\t(43\t(215)\t(2)\t0\t0\t(260)\nTransfers (to)/ from assets held for sale (note 2.3.2))\t(1434\t(4532)\t(143)\t0\t0\t(6109)\nOther movements 1\t125\t1684\t(2013)\t0\t111\t(93)\nAt December 31 2018\t10879\t44062\t4363\t0\t3901\t63205\nAdoption of IFRS 16 (notes 1 and 7)3\t0\t(921)\t0\t2365\t0\t1444\nAt January 1 2019\t10879\t43141\t4363\t2365\t3901\t64649\nAdditions\t35\t471\t3245\t259\t26\t4036\nAcquisitions through business combinations (note 2.2.4)\t24\t10\t0\t0\t0\t34\nForeign exchange differences)\t(99\t(98)\t50\t(7)\t38\t(116)\nDisposals)\t(66\t(654)\t(16)\t(4)\t(19)\t(759)\nDivestments (note 2.3.1)\t0\t(130)\t0\t(484)\t0\t(614)\nOther movements 1\t124\t1888\t(2152)\t(37)\t167\t(10)\nAt December 31 2019\t10897\t44628\t5490\t2092\t4113\t67220\nAccumulated depreciation and impairment\t\t\t\t\t\t\nAt December 31 2017\t4356\t25700\t988\t0\t2611\t33655\nDepreciation charge for the year\t356\t2212\t0\t0\t120\t2688\nImpairment (note 5.3)\t21\t930\t9\t0\t0\t960\nDisposals)\t(110\t(494)\t0\t0\t(13)\t(617)\nForeign exchange differences)\t(484\t(2715)\t(7)\t0\t(81)\t(3287)\nDivestments (note 2.3.1))\t(31\t(181)\t0\t0\t0\t(212)\nTransfers (to)/ from assets held for sale (note 2.3.2))\t(989\t(4456)\t(26)\t0\t0\t(5471)\nOther movements 1)\t(6\t(158)\t17\t0\t(2)\t(149)\nAt December 31 2018\t3113\t20838\t981\t0\t2635\t27567\nAdoption of IFRS 16 (notes 1 and 7)3\t0\t(558)\t0\t597\t0\t39\nAt January 1 2019\t3113\t20280\t981\t597\t2635\t27606\nDepreciation charge for the year\t338\t2171\t0\t343\t121\t2973\nImpairment (note 5.3)\t154\t1202\t9\t65\t0\t1430\nDisposals)\t(45\t(614)\t0\t(3)\t(17)\t(679)\nForeign exchange differences)\t(58\t(112)\t(4)\t4\t24\t(146)\nDivestments (note 2.3.1)\t0\t(3)\t0\t(94)\t0\t(97)\nOther movements 1)\t(14\t(35)\t5\t(55)\t1\t(98)\nAt December 31 2019\t3488\t22889\t991\t857\t2764\t30989\nCarrying amount\t\t\t\t\t\t\nAt December 31 2018\t7766\t23224\t3382\t0\t1266\t35638\nAt December 31 2019\t7409\t21739\t4499\t1235\t1349\t36231\n", "q10k_tbl_109": "\tYear ended December 31\t\t\nType of asset\t2019\t2018\t2017\nGoodwill\t0\t34\t0\nTangible assets\t1927\t960\t206\nTotal\t1927\t994\t206\n", "q10k_tbl_110": "\tNAFTA\tBrazil\tEurope\tACIS\nGCGU weighted average pre-tax discount rate used in 2019 (in %)\t10.8\t15.0\t9.1\t14.5\nGCGU weighted average pre-tax discount rate used in 2018 (in %)\t12.9\t15.5\t10.6\t15.4\n", "q10k_tbl_111": "\t2019\t\n\tNAFTA\tACIS\nExcess of recoverable amount over carrying amount\t789\t152\nIncrease in pre-tax discount rate (change in basis points)\t65\t27\nDecrease in average selling price (change in %)\t0.37\t0.29\nDecrease in shipments (change in %)\t1.06\t1.00\n", "q10k_tbl_112": "Cash-Generating Unit\tCountry\tOperating Segment\tImpairment Recorded\t2019 Pre-Tax Discount Rate\t2018 Pre-Tax Discount Rate\tCarrying amount of property plant and equipment as of June 30 2019\nArcelorMittal USA\tUSA\tNAFTA\t600\t13.98%\t16.91%\t3213\n", "q10k_tbl_113": "Cash-Generating Unit\tCountry\tOperating Segment\tImpairment Recorded\t2019 Pre-Tax Discount Rate\t2018 Pre-Tax Discount Rate\tCarrying amount of property plant and equipment as of December 31 2019\nArcelorMittal USA\tUSA\tNAFTA\t700\t10.17%\t16.91%\t2568\n", "q10k_tbl_114": "Cash-Generating Unit\tCountry\tOperating Segment\tImpairment Recorded\t2019 Pre-Tax Discount Rate\t2018 Pre-Tax Discount Rate\tCarrying amount of property plant and equipment as of December 31 2019\nLong Steel Products\tSouth Africa\tACIS\t75\t13.87%\t15.13%\t163\n", "q10k_tbl_115": "Cash-Generating Unit\tCountry\tOperating Segment\tImpairment Recorded\t2017 Pre-Tax Discount Rate\t2016 Pre-Tax Discount Rate\tCarrying amount of property plant and equipment as of June 30 2017\nLong Steel Products\tSouth Africa\tACIS\t46\t17.12%\t16.63%\t325\n", "q10k_tbl_116": "Cash-Generating Unit\tCountry\tOperating Segment\tImpairment Recorded\t2017 Pre-Tax Discount Rate\t2016 Pre-Tax Discount Rate\tCarrying amount of property plant and equipment as of December 31 2017\nVanderbijlpark facility\tSouth Africa\tACIS\t86\t15.23%\t14.97%\t296\nLong Steel Products\tSouth Africa\tACIS\t33\t15.24%\t15.22%\t306\n", "q10k_tbl_117": "\tDecember 31 2019\t\t\t\t\t\n\tCarrying amount in the consolidated statements of financial position\tNon-financial assets and liabilities\tAssets/Liabilities at amortized cost\tFair value recognized in profit or loss\tFair value recognized in OCI\tDerivatives\nASSETS\t\t\t\t\t\t\nCurrent assets:\t\t\t\t\t\t\nCash and cash equivalents\t4867\t0\t4867\t0\t0\t0\nRestricted cash\t128\t0\t128\t0\t0\t0\nTrade accounts receivable and other\t3569\t0\t3146\t0\t423\t0\nInventories\t17296\t17296\t0\t0\t0\t0\nPrepaid expenses and other current assets\t2756\t1305\t1047\t136\t0\t268\nTotal current assets\t28616\t18601\t9188\t136\t423\t268\nNon-current assets:\t\t\t\t\t\t\nGoodwill and intangible assets\t5432\t5432\t0\t0\t0\t0\nProperty plant and equipment and biological assets\t36231\t36172\t0\t59\t0\t0\nInvestments in associates and joint ventures\t6529\t6529\t0\t0\t0\t0\nOther investments\t772\t0\t0\t0\t772\t0\nDeferred tax assets\t8680\t8680\t0\t0\t0\t0\nOther assets\t1648\t388\t1130\t0\t0\t130\nTotal non-current assets\t59292\t57201\t1130\t59\t772\t130\nTotal assets\t87908\t75802\t10318\t195\t1195\t398\nLIABILITIES AND EQUITY\t\t\t\t\t\t\nCurrent liabilities:\t\t\t\t\t\t\nShort-term debt and current portion of long-term debt\t2869\t0\t2869\t0\t0\t0\nTrade accounts payable and other\t12614\t0\t12614\t0\t0\t0\nShort-term provisions\t516\t485\t31\t0\t0\t0\nAccrued expenses and other liabilities\t4910\t1075\t3527\t0\t0\t308\nIncome tax liabilities\t378\t378\t0\t0\t0\t0\nTotal current liabilities\t21287\t1938\t19041\t0\t0\t308\nNon-current liabilities:\t\t\t\t\t\t\nLong-term debt net of current portion\t11471\t0\t11471\t0\t0\t0\nDeferred tax liabilities\t2331\t2331\t0\t0\t0\t0\nDeferred employee benefits\t7343\t7343\t0\t0\t0\t0\nLong-term provisions\t2475\t2465\t10\t0\t0\t0\nOther long-term obligations\t2518\t501\t1779\t0\t0\t238\nTotal non-current liabilities\t26138\t12640\t13260\t0\t0\t238\nEquity:\t\t\t\t\t\t\nEquity attributable to the equity holders of the parent\t38521\t38521\t0\t0\t0\t0\nNon-controlling interests\t1962\t1962\t0\t0\t0\t0\nTotal equity\t40483\t40483\t0\t0\t0\t0\nTotal liabilities and equity\t87908\t55061\t32301\t0\t0\t546\n", "q10k_tbl_118": "\tDecember 31 2018\t\t\t\t\t\n\tCarrying amount in the consolidated statements of financial position\tNon-financial assets and liabilities\tAssets/Liabilities at amortized cost\tFair value recognized in profit or loss\tFair value recognized in OCI\tDerivatives\nASSETS\t\t\t\t\t\t\nCurrent assets:\t\t\t\t\t\t\nCash and cash equivalents\t2172\t0\t2172\t0\t0\t0\nRestricted cash\t182\t0\t182\t0\t0\t0\nTrade accounts receivable and other\t4432\t0\t3957\t0\t475\t0\nInventories\t20744\t20744\t0\t0\t0\t0\nPrepaid expenses and other current assets\t2834\t1405\t812\t0\t0\t617\nAssets held for sale\t2111\t2111\t0\t0\t0\t0\nTotal current assets\t32475\t24260\t7123\t0\t475\t617\nNon-current assets:\t\t\t\t\t\t\nGoodwill and intangible assets\t5728\t5728\t0\t0\t0\t0\nProperty plant and equipment and biological assets\t35638\t35589\t0\t49\t0\t0\nInvestments in associates and joint ventures\t4906\t4906\t0\t0\t0\t0\nOther investments\t855\t0\t0\t0\t855\t0\nDeferred tax assets\t8287\t8287\t0\t0\t0\t0\nOther assets\t3360\t526\t1188\t1037\t0\t609\nTotal non-current assets\t58774\t55036\t1188\t1086\t855\t609\nTotal assets\t91249\t79296\t8311\t1086\t1330\t1226\nLIABILITIES AND EQUITY\t\t\t\t\t\t\nCurrent liabilities:\t\t\t\t\t\t\nShort-term debt and current portion of long-term debt\t3167\t0\t3167\t0\t0\t0\nTrade accounts payable and other\t13981\t0\t13981\t0\t0\t0\nShort-term provisions\t539\t528\t11\t0\t0\t0\nAccrued expenses and other liabilities\t4709\t1212\t3307\t0\t0\t190\nIncome tax liabilities\t238\t238\t0\t0\t0\t0\nLiabilities held for sale\t821\t821\t0\t0\t0\t0\nTotal current liabilities\t23455\t2799\t20466\t0\t0\t190\nNon-current liabilities:\t\t\t\t\t\t\nLong-term debt net of current portion\t9316\t0\t9316\t0\t0\t0\nDeferred tax liabilities\t2374\t2374\t0\t0\t0\t0\nDeferred employee benefits\t6982\t6982\t0\t0\t0\t0\nLong-term provisions\t1995\t1984\t11\t0\t0\t0\nOther long-term obligations\t3019\t457\t1854\t0\t0\t708\nTotal non-current liabilities\t23686\t11797\t11181\t0\t0\t708\nEquity:\t\t\t\t\t\t\nEquity attributable to the equity holders of the parent\t42086\t42086\t0\t0\t0\t0\nNon-controlling interests\t2022\t2022\t0\t0\t0\t0\nTotal equity\t44108\t44108\t0\t0\t0\t0\nTotal liabilities and equity\t91249\t58704\t31647\t0\t0\t898\n", "q10k_tbl_119": "As of December 31 2019\t\t\t\t\n\tLevel 1\tLevel 2\tLevel 3\tTotal\nAssets at fair value:\t\t\t\t\nInvestments in equity instruments at FVOCI\t699\t0\t73\t772\nTrade accounts receivable and other subject to TSR programs*\t0\t0\t423\t423\nDerivative financial current assets\t0\t268\t0\t268\nDerivative financial non-current assets\t0\t3\t127\t130\nTotal assets at fair value\t699\t271\t623\t1593\nLiabilities at fair value:\t\t\t\t\nDerivative financial current liabilities\t0\t144\t164\t308\nDerivative financial non-current liabilities\t0\t101\t137\t238\nTotal liabilities at fair value\t0\t245\t301\t546\n", "q10k_tbl_120": "As of December 31 2018\t\t\t\t\n\tLevel 1\tLevel 2\tLevel 3\tTotal\nAssets at fair value:\t\t\t\t\nInvestments in equity instruments at FVOCI\t793\t0\t62\t855\nTrade accounts receivable and other subject to TSR programs*\t0\t0\t475\t475\nDerivative financial current assets\t0\t617\t0\t617\nDerivative financial non-current assets\t0\t126\t483\t609\nTotal assets at fair value\t793\t743\t1020\t2556\nLiabilities at fair value:\t\t\t\t\nDerivative financial current liabilities\t0\t75\t115\t190\nDerivative financial non-current liabilities\t0\t131\t577\t708\nTotal liabilities at fair value\t0\t206\t692\t898\n", "q10k_tbl_121": "\tDecember 31\t\n\t2019\t2018\nShort-term bank loans and other credit facilities including commercial paper 1\t1838\t1968\nCurrent portion of long-term debt\t770\t1130\nLease obligations2\t261\t69\nTotal\t2869\t3167\n", "q10k_tbl_122": "\t\t\t\tDecember 31\t\n\tYear of maturity\tType of Interest\tInterest rate1\t2019\t2018\nCorporate\t\t\t\t\t\n5.5 billion Revolving Credit Facility4\t2023-2024\tFloating\t\t0\t0\n€750 million Unsecured Notes\t2019\tFixed\t3.00%\t0\t858\n500 Unsecured Notes\t2020\tFixed\t5.13%\t0\t324\nCHF 225 million Unsecured Notes\t2020\tFixed\t2.50%\t233\t228\n€600 million Unsecured Notes\t2020\tFixed\t2.88%\t316\t685\n1.0 billion Unsecured Bonds\t2020\tFixed\t5.25%\t0\t623\n1.5 billion Unsecured Notes\t2021\tFixed\t5.50%\t0\t754\n€500 million Unsecured Notes\t2021\tFixed\t3.00%\t320\t570\n€750 million Unsecured Notes\t2022\tFixed\t3.13%\t841\t856\n1.1 billion Unsecured Notes\t2022\tFixed\t6.25%\t657\t656\n€500 million Unsecured Notes\t2023\tFixed\t0.95%\t558\t568\n€750 million Unsecured Notes\t2023\tFixed\t1.00%\t838\t0\n€1 billion Unsecured Notes\t2024\tFixed\t2.25%\t1131\t0\n750 Unsecured Notes\t2024\tFixed\t3.60%\t746\t0\n500 Unsecured Notes\t2025\tFixed\t6.13%\t498\t497\n€750 million Unsecured Notes\t2025\tFixed\t1.75%\t834\t0\n750 Unsecured Notes\t2026\tFixed\t4.55%\t745\t0\n500 Unsecured Notes\t2029\tFixed\t4.25%\t493\t0\n1.5 billion Unsecured Bonds\t2039\tFixed\t7.00%\t671\t670\n1.0 billion Unsecured Notes\t2041\tFixed\t6.75%\t428\t428\nOther loans\t2021\tFixed\t3.10% - 3.46%\t151\t114\nEIB loan\t2025\tFixed\t1.16%\t344\t401\n7.0 billion Term Facility3\t2020\tFloating\t3.09%\t0\t1000\nOther loans\t2021 - 2035\tFloating\t0.35% - 4.06%\t1218\t639\nTotal Corporate\t\t\t\t11022\t9871\nAmericas\t\t\t\t\t\nOther loans\t2020 - 2030\tFixed/Floating\t0.0% - 10.0%\t81\t84\nTotal Americas\t\t\t\t81\t84\nEurope Asia & Africa\t\t\t\t\t\nEBRD Facility\t2024\tFloating\t3.8% - 4.1%\t175\t50\nOther loans\t2020 - 2029\tFixed/Floating\t0.0% - 5.8%\t97\t86\nTotal Europe Asia & Africa\t\t\t\t272\t136\nTotal\t\t\t\t11375\t10091\nLess current portion of long-term debt\t\t\t\t(770)\t(1130)\nTotal long-term debt (excluding lease obligations)\t\t\t\t10605\t8961\nLong-term lease obligations2\t\t\t\t866\t355\nTotal long-term debt net of current portion\t\t\t\t11471\t9316\n", "q10k_tbl_123": "Nominal value\tDate of issuance\tRepayment date\tInterest rate1\tIssued at\nCHF 225 million Unsecured Notes\tJul 3 2015\tJul 3 2020\t2.50%\t100.00%\n€600 million Unsecured Notes\tJul 4 2014\tJul 6 2020\t2.88%\t99.18%\n€500 million Unsecured Notes\tApr 9 2015\tApr 9 2021\t3.00%\t99.55%\n€750 million Unsecured Notes\tJan 14 2015\tJan 14 2022\t3.13%\t99.73%\n1.1 billion Unsecured Notes\tFeb 28 2012\tFeb 25 2022\t6.25%\t98.28%\n€500 million Unsecured Notes\tDec 4 2017\tJan 17 2023\t0.95%\t99.38%\n€750 million Unsecured Notes\tNov 19 2019\tMay 19 2023\t1.00%\t99.89%\n€250 million Unsecured Notes\tJul 4 2019\tJan 17 2024\t2.25%\t105.59%\n€750 million Unsecured Notes\tJan 17 2019\tJan 17 2024\t2.25%\t99.72%\n750 Unsecured Notes\tJul 16 2019\tJul 16 2024\t3.60%\t99.86%\n500 Unsecured Notes\tJun 1 2015\tJun 1 2025\t6.13%\t100.00%\n€750 million Unsecured Notes\tNov 19 2019\tNov 19 2025\t1.75%\t99.41%\n750 Unsecured Notes\tMar 11 2019\tMar 11 2026\t4.55%\t99.72%\n500 Unsecured Notes\tJul 16 2019\tJul 16 2029\t4.25%\t99.00%\n1.0 billion Unsecured Bonds\tOct 8 2009\tOct 15 2039\t7.00%\t95.20%\n500 Unsecured Bonds\tAug 5 2010\tOct 15 2039\t7.00%\t104.84%\n1.0 billion Unsecured Notes\tMar 7 2011\tMar 1 2041\t6.75%\t99.18%\n", "q10k_tbl_124": "Year of maturity\tAmount\n2020\t2869\n2021\t994\n2022\t1956\n2023\t2185\n2024\t2062\nSubsequent years\t4274\nTotal\t14340\n", "q10k_tbl_125": "As of December 31 2019\tCarrying amount\tFair Value\t\t\t\n\t\tLevel 1\tLevel 2\tLevel 3\tTotal\nInstruments payable bearing interest at fixed rates\t10999\t9963\t1747\t0\t11710\nInstruments payable bearing interest at variable rates\t1503\t\t1501\t0\t1501\nTotal long-term debt including current portion\t12502\t9963\t3248\t0\t13211\nShort term bank loans and other credit facilities including commercial paper\t1838\t0\t1854\t0\t1854\n", "q10k_tbl_126": "As of December 31 2018\tCarrying amount\tFair Value\t\t\t\n\t\tLevel 1\tLevel 2\tLevel 3\tTotal\nInstruments payable bearing interest at fixed rates\t8692\t8029\t1049\t0\t9078\nInstruments payable bearing interest at variable rates\t1823\t0\t1759\t0\t1759\nTotal long-term debt including current portion\t10515\t8029\t2808\t0\t10837\nShort term bank loans and other credit facilities including commercial paper\t1968\t0\t1967\t0\t1967\n", "q10k_tbl_127": "\tDecember 31\t\n\t2019\t2018\nCash at bank\t3443\t1832\nTerm deposits\t246\t283\nMoney market funds1\t1178\t57\nTotal\t4867\t2172\n", "q10k_tbl_128": "\tLong-term debt net of current portion\tShort-term debt and current portion of long term debt\nBalance as of December 31 2017 (note 6.1.2)\t10143\t2785\nProceeds from long-term debt\t1138\t0\nPayments of long-term debt)\t(798\t0\nAmortized cost\t9\t18\nUnrealized foreign exchange effects)\t(240\t(219)\nProceeds from short-term debt\t0\t2319\nPayments of short-term debt 1\t0\t(2949)\nCurrent portion of long-term debt)\t(1130\t1130\nDebt acquired through business combinations\t174\t69\nDebt classified as held for sale (note 2.3.2))\t(77\t0\nOther movements 2\t97\t14\nBalance as of December 31 2018 (note 6.1.2)\t9316\t3167\nAdoption of IFRS 16 (notes 1 and 7)\t893\t243\nBalance as of January 1 2019\t10209\t3410\nProceeds from long-term debt\t5772\t0\nPayments of long-term debt)\t(3299\t0\nAmortized cost\t7\t13\nUnrealized foreign exchange effects)\t(78\t(42)\nProceeds from short-term debt\t0\t600\nPayments of short-term debt\t0\t(1811)\nPayments of principal portion of lease liabilities (note 7))\t(10\t(310)\nAdditions to lease liabilities (notes 5.2 and 7)\t185\t74\nCurrent portion of long-term debt)\t(1031\t1031\nDerecognition of lease liabilities following the divestment of Global Chartering (note 2.3.1))\t(311\t(89)\nOther movements\t27\t(7)\nBalance as of December 31 2019 (note 6.1.2)\t11471\t2869\n", "q10k_tbl_129": "As of December 31 2019\tTotal USD\tEUR\tUSD\tCHF\tPLN\tCAD\tOther (in USD)\nShort-term debt and current portion of long-term debt\t2869\t1966\t248\t233\t20\t174\t228\nLong-term debt net of current portion\t11471\t6240\t4754\t0\t239\t106\t132\nCash and cash equivalents including restricted cash)\t(4995\t(2986)\t(1383)\t(2)\t(64)\t(32)\t(528)\nNet debt\t9345\t5220\t3619\t231\t195\t248\t(168)\n", "q10k_tbl_130": "As of December 31 2018\tTotal USD\tEUR\tUSD\tCHF\tINR\tCAD\tOther (in USD)\nShort-term debt and current portion of long-term debt\t3167\t2566\t338\t0\t8\t151\t104\nLong-term debt net of current portion\t9316\t3530\t5405\t228\t0\t69\t84\nCash and cash equivalents including restricted cash)\t(2354\t(454)\t(1017)\t(2)\t(307)\t(29)\t(545)\nNet debt\t10129\t5642\t4726\t226\t(299)\t191\t(357)\n", "q10k_tbl_131": "\tDecember 31 2019\t\t\t\n\tAssets\t\tLiabilities\t\n\tNotional Amount\tFair Value\tNotional Amount\tFair Value\nForeign exchange rate instruments\t\t\t\t\nForward purchase contracts\t1187\t29\t2633\t(36)\nForward sale contracts\t1716\t42\t705\t(4)\nCurrency swaps sales\t0\t0\t500\t(41)\nExchange option purchases\t2317\t38\t1030\t(4)\nExchange options sales\t1213\t10\t1418\t(5)\nTotal foreign exchange rate instruments\t\t119\t\t(90)\nRaw materials (base metals) freight energy emission rights\t\t\t\t\nTerm contracts sales\t250\t29\t182\t(7)\nTerm contracts purchases\t419\t117\t1479\t(142)\nOptions sales/purchases\t12\t6\t10\t(6)\nTotal raw materials (base metals) freight energy emission rights\t\t152\t\t(155)\nTotal\t\t271\t\t(245)\n", "q10k_tbl_132": "\tDecember 31 2018\t\t\t\n\tAssets\t\tLiabilities\t\n\tNotional Amount\tFair Value\tNotional Amount\tFair Value\nForeign exchange rate instruments\t\t\t\t\nForward purchase contracts\t2005\t66\t1258\t(13)\nForward sale contracts\t5810\t252\t724\t(9)\nCurrency swaps sales\t0\t0\t1000\t(101)\nExchange option purchases\t2000\t71\t43\t0\nExchange options sales\t234\t3\t1000\t(35)\nTotal foreign exchange rate instruments\t\t392\t\t(158)\nRaw materials (base metals) freight energy emission rights\t\t\t\t\nTerm contracts sales\t79\t4\t24\t(6)\nTerm contracts purchases\t1524\t347\t739\t(42)\nTotal raw materials (base metals) freight energy emission rights\t\t351\t\t(48)\nTotal\t\t743\t\t(206)\n", "q10k_tbl_133": "\tPut option with ISP1\tCall option on 1000 mandatory convertible bonds\tSpecial payment in pellet purchase agreement\tTotal\nBalance as of December 31 2017\t0\t984\t(264)\t720\nChange in fair value)\t(124\t(501)\t(304)\t(929)\nBalance as of December 31 2018)\t(124\t483\t(568)\t(209)\nChange in fair value)\t(1\t(356)\t392\t35\nBalance as of December 31 2019)\t(125\t127\t(176)\t(174)\n", "q10k_tbl_134": "\tYear ended December 31\t\t\n\t2019\t2018\t2017\nInterest expense)\t(695\t(687)\t(879)\nInterest income\t88\t72\t56\nChange in fair value adjustment on call option on mandatory convertible bonds and pellet purchase agreement (note 6.1.5))\t(320\t(572)\t578\nAccretion of defined benefit obligations and other long term liabilities)\t(405\t(349)\t(353)\nNet foreign exchange result\t4\t(235)\t546\nOther 1)\t(324\t(439)\t(823)\nTotal)\t(1652\t(2210)\t(875)\n", "q10k_tbl_135": "\tDecember 31\t\n\t2019\t2018\nTotal equity\t40483\t44108\nNet debt (including nil and 67 cash and debt classified as held for sale as of December 31 2019 and December 31 2018 respectively)\t9345\t10196\nGearing%\t23.1\t23.1%\n", "q10k_tbl_136": "\tDecember 31 2019\t\n\tTrade receivables\tTrade payables\nUSD\t810\t5179\nEUR\t1391\t4901\nBRL\t491\t566\nCAD\t34\t357\nKZT\t60\t186\nZAR\t173\t364\nMXN\t70\t50\nUAH\t72\t157\nPLN\t116\t498\nARS\t47\t71\nOther\t305\t285\nTotal\t3569\t12614\n", "q10k_tbl_137": "\t10% increase\t\t10% decrease\t\n\tTrade receivables\tTrade payables\tTrade receivables\tTrade payables\nEUR\t1530\t5391\t1252\t4411\nBRL\t540\t623\t442\t509\nCAD\t37\t393\t31\t321\nKZT\t66\t205\t54\t167\nZAR\t190\t400\t156\t328\nMXN\t77\t55\t63\t45\nUAH\t79\t173\t65\t141\nPLN\t128\t548\t104\t448\nARS\t52\t78\t42\t64\n", "q10k_tbl_138": "\tDecember 31 2019\t\t\t\t\t\n\tCarrying amount\tContractual Cash Flow\t2020\t2021\tfrom 2022 to 2024\tAfter 2024\nNon-derivative financial liabilities\t\t\t\t\t\t\nBonds)\t(9398\t(12227)\t(880)\t(643)\t(5542)\t(5162)\nLoans over 100)\t(1968\t(2405)\t(534)\t(453)\t(1014)\t(404)\nTrade and other payables)\t(12614\t(12619)\t(12619)\t0\t0\t0\nOther loans and lease)\t(2974\t(3257)\t(1886)\t(297)\t(528)\t(546)\nTotal)\t(26954\t(30508)\t(15919)\t(1393)\t(7084)\t(6112)\nDerivative financial liabilities\t\t\t\t\t\t\nEquity contracts (Put options))\t(125\t(125)\t(125)\t0\t0\t0\nForeign exchange contracts)\t(90\t(90)\t(49)\t0\t0\t(41)\nOther commodities contracts1)\t(331\t(331)\t(134)\t(76)\t(103)\t(18)\nTotal)\t(546\t(546)\t(308)\t(76)\t(103)\t(59)\n", "q10k_tbl_139": "\tDecember 31 2018\t\t\t\t\t\n\tCarrying amount\tContractual Cash Flow\t2019\t2020\tfrom 2021 to 2023\tAfter 2023\nNon-derivative financial liabilities\t\t\t\t\t\t\nBonds)\t(7807\t(10277)\t(1200)\t(2166)\t(3898)\t(3013)\nLoans over 100)\t(2322\t(2505)\t(639)\t(1153)\t(629)\t(84)\nTrade and other payables)\t(13981\t(13999)\t(13999)\t0\t0\t0\nOther loans)\t(2354\t(2456)\t(1783)\t(228)\t(310)\t(135)\nTotal)\t(26464\t(29237)\t(17621)\t(3547)\t(4837)\t(3232)\nDerivative financial liabilities\t\t\t\t\t\t\nEquity contracts (Put options))\t(124\t(124)\t0\t0\t(124)\t0\nForeign exchange contracts)\t(158\t(158)\t(52)\t(41)\t(3)\t(62)\nOther commodities contracts1)\t(616\t(616)\t(138)\t(148)\t(217)\t(113)\nTotal)\t(898\t(898)\t(190)\t(189)\t(344)\t(175)\n", "q10k_tbl_140": "\tDecember 31 2019\t\t\t\t\t\n\tAssets/ (liabilities)\t(Outflows)/inflows\t\t\t\t\n\tFair value\t3 months and less\t3-6 months\t6-12 months\t2021\tAfter 2021\nForeign exchange contracts\t46\t67\t(17)\t(4)\t0\t0\nCommodities)\t(275\t(12)\t(27)\t(40)\t(47)\t(149)\nEmission rights\t88\t(4)\t0\t92\t0\t0\nTotal)\t(141\t51\t(44)\t48\t(47)\t(149)\n", "q10k_tbl_141": "\tDecember 31 2018\t\t\t\t\t\n\tAssets/ (liabilities)\t(Outflows)/inflows\t\t\t\t\n\tFair value\t3 months and less\t3-6 months\t6-12 months\t2020\tAfter 2020\nForeign exchange contracts\t329\t329\t4\t0\t(1)\t(3)\nCommodities1)\t(588\t(8)\t(39)\t(77)\t(143)\t(321)\nEmission rights\t317\t0\t0\t206\t111\t0\nTotal\t58\t321\t(35)\t129\t(33)\t(324)\n", "q10k_tbl_142": "\tDecember 31 2019\t\t\t\t\t\n\tCash flow reserve\t(Expense)/income\t\t\t\t\n\tCarrying amount\t3 months and less\t3-6 months\t6-12 months\t2021\tAfter 2021\nForeign exchange contracts\t13\t9\t1\t3\t0\t0\nCommodity contracts)\t(106\t(16)\t(19)\t(27)\t(44)\t0\nEmission rights\t310\t72\t73\t145\t16\t4\nTotal\t217\t65\t55\t121\t(28)\t4\n", "q10k_tbl_143": "\tDecember 31 2018\t\t\t\t\t\n\tCash flow reserve\t(Expense)/income\t\t\t\t\n\tCarrying amount\t3 months and less\t3-6 months\t6-12 months\t2020\tAfter 2020\nForeign exchange contracts\t4\t0\t0\t4\t0\t0\nCommodity contracts)\t(390\t(34)\t(32)\t(59)\t(115)\t(150)\nEmission rights\t778\t46\t47\t93\t87\t505\nTotal\t392\t12\t15\t38\t(28)\t355\n", "q10k_tbl_144": "\tDecember 31 2019\t\t\t\nHedging Instruments\tNominal amount of the hedging instrument\tAssets carrying amount\tLiabilities carrying amount\tLine item in the statement of financial position where the hedging instrument is located\nCash flow hedges\t\t\t\t\nForeign exchange risk - Option/Forward contracts\t5207\t80\t(34)\tPrepaid expenses and other current assets/Accrued expenses and other liabilities\nPrice risk - Commodities forwards1\t531\t14\t(93)\tPrepaid expenses and other current assets/Accrued expenses and other liabilities\nPrice risk - Commodities forwards1\t721\t0\t(196)\tOther assets/Other long-term obligations\nPrice risk - Emission rights forwards\t559\t104\t(16)\tPrepaid expenses and other current assets/Accrued expenses and other liabilities\nTotal\t0\t198\t(339)\t\n", "q10k_tbl_145": "\tDecember 31 2019\t\t\t\t\t\nHedging Instruments\tCash flow hedge reserve at December 31 2018\tHedging gains or losses of the reporting period that were recognized in OCI\tGains or losses reclassification adjustment and hedge ineffectiveness\tBasis adjustment\tLine item in the statement of comprehensive income that includes the reclassification adjustment and hedge ineffectiveness\tCash flow hedge reserve at December 31 2019\nCash flow hedges\t\t\t\t\t\t\nForeign exchange risk - Option/Forward contracts\t282\t76\t(4)\t(323)\tSales\t31\nPrice risk - Commodities forwards)\t(399\t272\t21\t0\tSales Cost of sales\t(106)\nPrice risk - Emission rights forwards\t778\t(32)\t(436)\t0\tCost of sales\t310\nTotal\t661\t316\t(419)\t(323)\t\t235\n", "q10k_tbl_146": "\tDecember 31 2018\t\t\t\nHedging Instruments\tNominal amount of the hedging instrument\tAssets carrying amount\tLiabilities carrying amount\tLine item in the statement of financial position where the hedging instrument is located\nCash flow hedges\t\t\t\t\nForeign exchange risk - Option/Forward contracts\t7465\t332\t0\tPrepaid expenses and other current assets\nPrice risk - Commodities forwards\t350\t0\t(124)\tAccrued expenses and other liabilities\nPrice risk - Commodities forwards\t491\t0\t(454)\tOther long-term obligations\nPrice risk - Energy forwards\t765\t0\t(9)\tOther long-term obligations\nPrice risk - Emission rights forwards\t1091\t205\t0\tPrepaid expenses and other current assets\nPrice risk - Emission rights forwards\t79\t112\t0\tOther assets\nTotal\t10241\t649\t(587)\t\n", "q10k_tbl_147": "\tDecember 31 2018\t\t\t\t\t\nHedging Instruments\tCash flow hedge reserve at December 31 2017\tHedging gains or losses of the reporting period that were recognized in OCI\tGains or losses reclassification adjustment and hedge ineffectiveness\tBasis adjustment\tLine item in the statement of comprehensive income that includes the reclassification adjustment and hedge ineffectiveness\tCash flow hedge reserve at December 31 2018\nCash flow hedges\t\t\t\t\t\t\nForeign exchange risk - Option/Forward contracts)\t(141\t284\t0\t139\tn/a\t282\nPrice risk - Commodities forwards1\t18\t(543)\t126\t0\tSales Cost of sales\t(399)\nPrice risk - Emission rights forwards\t84\t694\t0\t0\tn/a\t778\nTotal)\t(39\t435\t126\t139\t\t661\n", "q10k_tbl_148": "Derivatives\tNotional amount\tDate traded\tFair value at December 31 2018\tChange in fair value\tFair value as of December 31 20191\nCCS 10Y\t300\tMay 27 2015\t(39)\t14\t(25)\nCCS 10Y\t160\tMay 27 2015\t(21)\t8\t(13)\nCCS 10Y\t40\tMay 27 2015\t(6)\t3\t(3)\nTotal\t500\t\t(66)\t25\t(41)\n", "q10k_tbl_149": "\tDecember 31 2019\t\t\t\t\t\t\nHedging Instruments\tNominal amount of the hedging instrument\tAssets carrying amount\tLiabilities carrying amount\tLine item in the statement of financial position where the hedging instrument is located\tChange in value used for calculating hedge ineffectiveness for 2019\tLine item in the statement of comprehensive income that includes the recognized hedge ineffectiveness\tForeign currency translation reserve\nNet investment hedges\t\t\t\t\t\t\t\nForeign exchange risk - Cross Currency Swap\t500\t0\t(41)\tOther long-term obligations\t0\tn/a\t33\nForeign exchange risk - EUR debt\t7788\t0\t(7777)\tShort-term debt and current portion of long-term debt; long-term debt net of current portion\t0\tn/a\t567\nTotal\t8288\t0\t(7818)\t\t0\t\t600\n", "q10k_tbl_150": "Derivatives\tNotional amount\tDate traded\tFair value at December 31 2017\tChange in fair value\tFair value as of December 31 20181\nCCS 5Y\t500\tMay 27 2015\t(64)\t29\t(35)\nCCS 10Y\t300\tMay 27 2015\t(56)\t17\t(39)\nCCS 10Y\t160\tMay 27 2015\t(30)\t9\t(21)\nCCS 10Y\t40\tMay 27 2015\t(7)\t1\t(6)\nTotal\t1000\t\t(157)\t56\t(101)\n", "q10k_tbl_151": "\tDecember 31 2018\t\t\t\t\t\t\nHedging Instrument\tNominal amount of the hedging instrument\tAssets carrying amount\tLiabilities carrying amount\tLine item in the statement of financial position in which the hedged item is located\tChange in value used for calculating hedge ineffectiveness for 2018\tLine item in the statement of comprehensive income that includes the recognized hedge ineffectiveness\tForeign currency translation reserve\nNet investment hedge\t\t\t\t\t\t\t\nForeign exchange risk - Cross Currency Swap\t1000\t0\t(101)\tOther long-term obligations\t0\tn/a\t28\nForeign exchange risk - EUR debt\t5931\t0\t(5918)\tShort-term debt and current portion of long-term debt; long-term debt net of current portion\t0\tn/a\t474\nTotal\t6931\t0\t(6019)\t\t0\t\t502\n", "q10k_tbl_152": "\tDecember 31\t\n\t2019\t2018\nBase metals\t(6)\t(9)\nFreight\t7\t0\nEnergy (oil gas electricity)\t(92)\t(5)\nEmission rights\t88\t317\nTotal\t(3)\t303\nDerivative assets associated with raw materials energy freight and emission rights\t152\t351\nDerivative liabilities associated with raw materials energy freight and emission rights\t(155)\t(48)\nTotal\t(3)\t303\n", "q10k_tbl_153": "\tDecember 31 2019\t\n\tIncome\tOther Equity\n10% strengthening in U.S. dollar\t(104)\t325\n10% weakening in U.S. dollar\t113\t(252)\n", "q10k_tbl_154": "\tDecember 31 2018\t\n\tIncome\tOther Equity\n10% strengthening in U.S. dollar\t132\t(422)\n10% weakening in U.S. dollar\t(148)\t674\n", "q10k_tbl_155": "\tDecember 31 2019\t\n\tIncome\tOther Equity Cash Flow Hedging Reserves\n+10% in prices\t\t\nBase Metals\t2\t15\nIron Ore\t0\t0\nFreight\t0\t0\nEmission rights\t0\t65\nEnergy\t0\t71\n-10% in prices\t\t\nBase Metals\t(2)\t(15)\nIron Ore\t0\t0\nFreight\t0\t0\nEmission rights\t0\t(65)\nEnergy\t0\t(71)\n", "q10k_tbl_156": "\tDecember 31 2018\t\n\tIncome\tOther Equity Cash Flow Hedging Reserves\n+10% in prices\t\t\nBase Metals\t(1)\t19\nIron Ore\t0\t1\nFreight\t3\t0\nEmission rights\t0\t149\nEnergy\t0\t75\n-10% in prices\t\t\nBase Metals\t1\t(19)\nIron Ore\t0\t(1)\nFreight\t(3)\t0\nEmission rights\t0\t(149)\nEnergy\t0\t(75)\n", "q10k_tbl_157": "Non-cancellable operating lease commitments as of December 31 2018*\t1869\nRecognition exemption for leases of low-value assets)\t(58\nRecognition exemption for short-term leases)\t(20\nUndiscounted operating lease commitments as of January 1 2019\t1791\nEffects of discounting using incremental borrowing rates (weighted average rate of 4.7%))\t(632\nLease liabilities related to assets held for sale)\t(23\nAdditional lease liabilities as of January 1 2019 from leases previously classified as operating leases in accordance with IAS 17\t1136\n* As reported in the consolidated financial statements for the year ended December 31 2018 - note 8.4\t\n", "q10k_tbl_158": "\t1 year or less\t2-3 years\t4-5 years\tGreater than 5 years\tTOTAL\nLease liabilities (undiscounted)\t279\t369\t209\t513\t1370\n", "q10k_tbl_159": "\t1 year or less\t2-3 years\t4-5 years\tGreater than 5 years\tTOTAL\nPotential extension options\t1\t8\t13\t16\t38\nPotential termination options)\t(2\t(2)\t(1)\t(1)\t(6)\nPotential residual value guarantees\t1\t1\t1\t0\t3\n", "q10k_tbl_160": "\tYear Ended December 31\t\t\nEmployee Information\t2019\t2018\t2017\nWages and salaries\t8380\t8176\t7912\nDefined benefits cost (see note 8.2)\t201\t264\t265\nLoss following new labor agreement in the U.S. (see note 8.2)\t0\t15\t0\nOther staff expenses\t1668\t2004\t1791\nTotal\t10249\t10459\t9968\n", "q10k_tbl_161": "\tYear Ended December 31\t\t\n\t2019\t2018\t2017\nBase salary and directors fees\t8\t8\t8\nShort-term performance-related bonus\t9\t8\t7\nPost-employment benefits\t1\t1\t1\nShare-based payments\t0\t4\t3\n", "q10k_tbl_162": "\tDecember 31\t\n\t2019\t2018\nPension plan benefits\t3289\t3034\nOther post-employment benefits and other long-term employee benefits (\"OPEB\")\t3792\t3600\nTermination benefits\t198\t222\nDefined benefit liabilities\t7279\t6856\nProvisions for social plans (non-current)\t64\t126\nTotal\t7343\t6982\n", "q10k_tbl_163": "\tYear ended December 31 2019\t\t\t\t\t\n\tTotal\tUnited States\tCanada\tBrazil\tEurope\tOther\nChange in benefit obligation\t\t\t\t\t\t\nBenefit obligation at beginning of the period\t9872\t3266\t3001\t724\t2716\t165\nCurrent service cost\t114\t26\t21\t0\t58\t9\nInterest cost on DBO\t367\t130\t110\t58\t47\t22\nPast service cost - Plan amendments\t4\t0\t0\t2\t2\t0\nPlan participants' contribution\t2\t0\t0\t0\t2\t0\nSettlements)\t(172\t0\t0\t(169)\t(3)\t0\nActuarial (gain) loss\t1001\t342\t277\t121\t176\t85\nDemographic assumptions\t16\t2\t43\t0\t(29)\t0\nFinancial assumptions\t949\t334\t213\t138\t209\t55\nExperience adjustment\t36\t6\t21\t(17)\t(4)\t30\nBenefits paid)\t(652\t(261)\t(201)\t(42)\t(127)\t(21)\nForeign currency exchange rate differences and other movements\t93\t2\t152\t(30)\t(41)\t10\nBenefit obligation at end of the period\t10629\t3505\t3360\t664\t2830\t270\nChange in plan assets\t\t\t\t\t\t\nFair value of plan assets at beginning of the period\t6877\t2676\t2664\t655\t882\t0\nInterest income on plan assets\t256\t95\t92\t54\t15\t0\nReturn on plan assets greater than discount rate\t808\t360\t305\t79\t64\t0\nEmployer contribution\t77\t7\t27\t2\t41\t0\nPlan participants' contribution\t2\t0\t0\t0\t2\t0\nSettlement)\t(146\t0\t0\t(143)\t(3)\t0\nBenefits paid)\t(541\t(257)\t(200)\t(42)\t(42)\t0\nForeign currency exchange rate differences and other movements\t62\t0\t133\t(29)\t(42)\t0\nFair value of plan assets at end of the period\t7395\t2881\t3021\t576\t917\t0\nPresent value of the wholly or partly funded obligation)\t(9012\t(3476)\t(3345)\t(663)\t(1528)\t0\nFair value of plan assets\t7395\t2881\t3021\t576\t917\t0\nNet present value of the wholly or partly funded obligation)\t(1617\t(595)\t(324)\t(87)\t(611)\t0\nPresent value of the unfunded obligation)\t(1617\t(29)\t(15)\t(1)\t(1302)\t(270)\nPrepaid due to unrecoverable surpluses)\t(30\t0\t(25)\t(2)\t(3)\t0\nNet amount recognized)\t(3264\t(624)\t(364)\t(90)\t(1916)\t(270)\nNet assets related to funded obligations\t25\t8\t13\t0\t4\t0\nRecognized liabilities)\t(3289\t(632)\t(377)\t(90)\t(1920)\t(270)\nChange in unrecoverable surplus\t\t\t\t\t\t\nUnrecoverable surplus at beginning of the period)\t(27\t0\t(21)\t(3)\t(3)\t0\nInterest cost on unrecoverable surplus)\t(1\t0\t(1)\t0\t0\t0\nChange in unrecoverable surplus in excess of interest)\t(1\t0\t(2)\t1\t0\t0\nExchange rates changes)\t(1\t0\t(1)\t0\t0\t0\nUnrecoverable surplus at end of the period)\t(30\t0\t(25)\t(2)\t(3)\t0\n", "q10k_tbl_164": "\tYear ended December 31 2018\t\t\t\t\t\n\tTotal\tUnited States\tCanada\tBrazil\tEurope\tOther\nChange in benefit obligation\t\t\t\t\t\t\nBenefit obligation at beginning of the period\t10835\t3508\t3481\t766\t2990\t90\nCurrent service cost\t136\t31\t25\t3\t68\t9\nInterest cost on DBO\t360\t120\t110\t68\t42\t20\nPast service cost - Plan amendments\t25\t25\t0\t0\t0\t0\nPlan participants' contribution\t3\t0\t1\t0\t2\t0\nSettlements)\t(76\t0\t(61)\t0\t0\t(15)\nActuarial (gain) loss)\t(290\t(159)\t(72)\t50\t(104)\t(5)\nDemographic assumptions\t20\t9\t1\t0\t10\t0\nFinancial assumptions)\t(311\t(163)\t(75)\t38\t(92)\t(19)\nExperience adjustment\t1\t(5)\t2\t12\t(22)\t14\nBenefits paid)\t(671\t(259)\t(203)\t(48)\t(144)\t(17)\nTermination benefits\t6\t0\t0\t0\t6\t0\nForeign currency exchange rate differences and other movements)\t(456\t0\t(280)\t(115)\t(144)\t83\nBenefit obligation at end of the period\t9872\t3266\t3001\t724\t2716\t165\nChange in plan assets\t\t\t\t\t\t\nFair value of plan assets at beginning of the period\t7822\t2993\t3167\t723\t924\t15\nInterest income on plan assets\t267\t92\t97\t63\t15\t0\nReturn on plan assets greater/(less) than discount rate)\t(333\t(197)\t(142)\t20\t(15)\t1\nEmployer contribution\t151\t42\t59\t6\t44\t0\nPlan participants' contribution\t3\t0\t1\t0\t2\t0\nSettlements)\t(78\t0\t(63)\t0\t0\t(15)\nBenefits paid)\t(550\t(254)\t(203)\t(48)\t(45)\t0\nForeign currency exchange rate differences and other movements)\t(405\t0\t(252)\t(109)\t(43)\t(1)\nFair value of plan assets at end of the period\t6877\t2676\t2664\t655\t882\t0\nPresent value of the wholly or partly funded obligation)\t(8537\t(3238)\t(2988)\t(723)\t(1500)\t(88)\nFair value of plan assets\t6877\t2676\t2664\t655\t882\t0\nNet present value of the wholly or partly funded obligation)\t(1660\t(562)\t(324)\t(68)\t(618)\t(88)\nPresent value of the unfunded obligation)\t(1335\t(28)\t(13)\t(1)\t(1216)\t(77)\nPrepaid due to unrecoverable surpluses)\t(27\t0\t(21)\t(3)\t(3)\t0\nNet amount recognized)\t(3022\t(590)\t(358)\t(72)\t(1837)\t(165)\nNet assets related to funded obligations\t12\t0\t9\t0\t3\t0\nRecognized liabilities)\t(3034\t(590)\t(367)\t(72)\t(1840)\t(165)\nChange in unrecoverable surplus\t\t\t\t\t\t\nUnrecoverable surplus at beginning of the period)\t(34\t0\t(23)\t(3)\t(6)\t(2)\nInterest cost on unrecoverable surplus)\t(1\t0\t(1)\t0\t0\t0\nChange in unrecoverable surplus in excess of interest\t6\t0\t2\t(1)\t3\t2\nExchange rates changes\t2\t0\t1\t1\t0\t0\nUnrecoverable surplus at end of the period)\t(27\t0\t(21)\t(3)\t(3)\t0\n", "q10k_tbl_165": "\tYear ended December 31 2019\t\t\t\t\t\nNet periodic pension cost (benefit)\tTotal\tUnited States\tCanada\tBrazil\tEurope\tOthers\nCurrent service cost\t114\t26\t21\t0\t58\t9\nPast service cost - Plan amendments\t4\t0\t0\t2\t2\t0\nPast service cost - Settlements)\t(26\t0\t0\t(26)\t0\t0\nNet interest cost/(income) on net DB liability/(asset)\t112\t35\t19\t4\t32\t22\nTotal\t204\t61\t40\t(20)\t92\t31\n", "q10k_tbl_166": "\tYear ended December 31 2018\t\t\t\t\t\nNet periodic pension cost (benefit)\tTotal\tUnited States\tCanada\tBrazil\tEurope\tOthers\nCurrent service cost\t136\t31\t25\t3\t68\t9\nPast service cost - Plan amendments\t25\t25\t0\t0\t0\t0\nPast service cost - Settlements\t2\t0\t2\t0\t0\t0\nCost of termination benefits\t6\t0\t0\t0\t6\t0\nNet interest cost/(income) on net DB liability/(asset)\t94\t28\t14\t5\t27\t20\nTotal\t263\t84\t41\t8\t101\t29\n", "q10k_tbl_167": "\tYear ended December 31 2017\t\t\t\t\t\nNet periodic pension cost (benefit)\tTotal\tUnited States\tCanada\tBrazil\tEurope\tOthers\nCurrent service cost\t125\t32\t26\t4\t60\t3\nPast service cost - Plan amendments\t14\t0\t13\t0\t1\t0\nNet interest cost/(income) on net DB liability/(asset)\t106\t48\t13\t4\t31\t10\nTotal\t245\t80\t52\t8\t92\t13\n", "q10k_tbl_168": "\tYear ended December 31 2019\t\t\t\t\n\tTotal\tUnited States\tCanada\tEurope\tOthers\nChange in benefit obligation\t\t\t\t\t\nBenefit obligation at beginning of the period\t4098\t2907\t591\t531\t69\nCurrent service cost\t80\t40\t9\t28\t3\nInterest cost on DBO\t163\t124\t22\t11\t6\nPlan participants' contribution\t29\t29\t0\t0\t0\nActuarial (gain) loss\t129\t29\t67\t26\t7\nDemographic assumptions\t4\t(11)\t15\t0\t0\nFinancial assumptions\t256\t169\t53\t25\t9\nExperience adjustment)\t(131\t(129)\t(1)\t1\t(2)\nBenefits paid)\t(242\t(170)\t(31)\t(37)\t(4)\nForeign currency exchange rate differences and other movements\t37\t17\t30\t(13)\t3\nBenefit obligation at end of the period\t4294\t2976\t688\t546\t84\nChange in plan assets\t\t\t\t\t\nFair value of plan assets at beginning of the period\t498\t491\t0\t7\t0\nInterest income on plan assets\t20\t20\t0\t0\t0\nReturn on plan assets greater/(less) than discount rate\t37\t37\t0\t0\t0\nEmployer contribution)\t(25\t(25)\t0\t0\t0\nPlan participants' contribution\t29\t29\t0\t0\t0\nBenefits paid)\t(57\t(56)\t0\t(1)\t0\nFair value of plan assets at end of the period\t502\t496\t0\t6\t0\nPresent value of the wholly or partly funded obligation)\t(575\t(531)\t0\t(44)\t0\nFair value of plan assets\t502\t496\t0\t6\t0\nNet present value of the wholly or partly funded obligation)\t(73\t(35)\t0\t(38)\t0\nPresent value of the unfunded obligation)\t(3719\t(2445)\t(688)\t(502)\t(84)\nNet amount recognized)\t(3792\t(2480)\t(688)\t(540)\t(84)\n", "q10k_tbl_169": "\tYear ended December 31 2018\t\t\t\t\n\tTotal\tUnited States\tCanada\tEurope\tOthers\nChange in benefit obligation\t\t\t\t\t\nBenefit obligation at beginning of the period\t4686\t3269\t679\t579\t159\nCurrent service cost\t85\t49\t10\t25\t1\nInterest cost on DBO\t155\t120\t21\t12\t2\nPast service cost - Plan amendments)\t(13\t(10)\t(1)\t(2)\t0\nPast service cost - Curtailments)\t(2\t0\t0\t(2)\t0\nPlan participants' contribution\t32\t32\t0\t0\t0\nActuarial (gain) loss)\t(395\t(365)\t(32)\t3\t(1)\nDemographic assumptions)\t(11\t(14)\t2\t1\t0\nFinancial assumptions)\t(320\t(285)\t(24)\t(8)\t(3)\nExperience adjustment)\t(64\t(66)\t(10)\t10\t2\nBenefits paid)\t(266\t(188)\t(34)\t(41)\t(3)\nForeign currency exchange rate differences and other movements)\t(184\t0\t(52)\t(43)\t(89)\nBenefit obligation at end of the period\t4098\t2907\t591\t531\t69\nChange in plan assets\t\t\t\t\t\nFair value of plan assets at beginning of the period\t546\t538\t0\t8\t0\nInterest income on plan assets\t17\t17\t0\t0\t0\nReturn on plan assets greater/(less) than discount rate)\t(33\t(32)\t0\t(1)\t0\nEmployer contribution)\t(3\t(3)\t0\t0\t0\nPlan participants' contribution\t32\t32\t0\t0\t0\nBenefits paid)\t(63\t(61)\t0\t(2)\t0\nForeign currency exchange rate differences and other movements\t2\t0\t0\t2\t0\nFair value of plan assets at end of the period\t498\t491\t0\t7\t0\nPresent value of the wholly or partly funded obligation)\t(589\t(528)\t0\t(61)\t0\nFair value of plan assets\t498\t491\t0\t7\t0\nNet present value of the wholly or partly funded obligation)\t(91\t(37)\t0\t(54)\t0\nPresent value of the unfunded obligation)\t(3509\t(2379)\t(591)\t(470)\t(69)\nNet amount recognized)\t(3600\t(2416)\t(591)\t(524)\t(69)\n", "q10k_tbl_170": "\tYear ended December 31 2019\t\t\t\t\nComponents of net periodic OPEB cost (benefit)\tTotal\tUnited States\tCanada\tEurope\tOthers\nCurrent service cost\t80\t40\t9\t28\t3\nNet interest cost/(income) on net DB liability/(asset)\t143\t104\t22\t11\t6\nActuarial (gains)/losses recognized during the year\t8\t0\t0\t8\t0\nTotal\t231\t144\t31\t47\t9\n", "q10k_tbl_171": "\tYear ended December 31 2018\t\t\t\t\nComponents of net periodic OPEB cost (benefit)\tTotal\tUnited States\tCanada\tEurope\tOthers\nCurrent service cost\t85\t49\t10\t25\t1\nPast service cost - Plan amendments)\t(13\t(10)\t(1)\t(2)\t0\nPast service cost - Curtailments)\t(2\t0\t0\t(2)\t0\nNet interest cost/(income) on net DB liability/(asset)\t138\t103\t21\t12\t2\nActuarial (gains)/losses recognized during the year\t7\t0\t0\t7\t0\nTotal\t215\t142\t30\t40\t3\n", "q10k_tbl_172": "\tYear ended December 31 2017\t\t\t\t\nComponents of net periodic OPEB cost (benefit)\tTotal\tUnited States\tCanada\tEurope\tOthers\nCurrent service cost\t100\t58\t9\t26\t7\nPast service cost - Plan amendments\t4\t0\t1\t2\t1\nNet interest cost/(income) on net DB liability/(asset)\t204\t159\t23\t11\t11\nActuarial (gains)/losses recognized during the year\t2\t0\t0\t2\t0\nTotal\t310\t217\t33\t41\t19\n", "q10k_tbl_173": "\tYear ended December 31\t\t\n\t2019\t2018\t2017\nNet periodic pension cost\t204\t263\t245\nNet periodic OPEB cost\t231\t215\t310\nTotal\t435\t478\t555\nCost of sales\t142\t212\t220\nSelling general and administrative expenses\t30\t34\t23\nFinancing costs - net\t263\t232\t312\nTotal\t435\t478\t555\n", "q10k_tbl_174": "\tDecember 31 2019\t\t\t\t\n\tUnited States\tCanada\tBrazil\tEurope\t\nEquity Securities%\t40\t44%\t6%\t2%\t\n- Asset classes that have a quoted market price in an active market%\t13\t34%\t6%\t2%\t\n- Asset classes that do not have a quoted market price in an active market%\t27\t10%\t0\t0\t\nFixed Income Securities (including cash)%\t43\t48%\t88%\t73%\t\n- Asset classes that have a quoted market price in an active market\t0\t42%\t88%\t73%\t\n- Asset classes that do not have a quoted market price in an active market%\t43\t6%\t0\t0\t\nReal Estate%\t3\t6%\t1%\t0\t\n- Asset classes that have a quoted market price in an active market\t0\t0\t1%\t0\t\n- Asset classes that do not have a quoted market price in an active market%\t3\t6%\t0\t0\t\nOther%\t14\t2%\t5%\t25%\t\n- Asset classes that have a quoted market price in an active market%\t5\t0\t5%\t5%\t\n- Asset classes that do not have a quoted market price in an active market%\t9\t2%\t0\t20%\t1\nTotal%\t100\t100%\t100%\t100%\t\n", "q10k_tbl_175": "\tDecember 31 2018\t\t\t\t\n\tUnited States\tCanada\tBrazil\tEurope\t\nEquity Securities%\t35\t42%\t0\t3%\t\n- Asset classes that have a quoted market price in an active market%\t12\t33%\t0\t3%\t\n- Asset classes that do not have a quoted market price in an active market%\t23\t9%\t0\t0\t\nFixed Income Securities (including cash)%\t46\t50%\t78%\t72%\t\n- Asset classes that have a quoted market price in an active market\t0\t44%\t78%\t67%\t\n- Asset classes that do not have a quoted market price in an active market%\t46\t6%\t0\t5%\t\nReal Estate%\t5\t6%\t1%\t0\t\n- Asset classes that have a quoted market price in an active market\t0\t0\t1%\t0\t\n- Asset classes that do not have a quoted market price in an active market%\t5\t6%\t0\t0\t\nOther%\t14\t2%\t21%\t25%\t\n- Asset classes that have a quoted market price in an active market%\t4\t2%\t21%\t4%\t\n- Asset classes that do not have a quoted market price in an active market%\t10\t0\t0\t21%\t1\nTotal%\t100\t100%\t100%\t100%\t\n", "q10k_tbl_176": "\tDecember 31 2019\t\t\t\t\n\tUnited States\tCanada\tBrazil\tEurope\t\nEquity Securities%\t38\t45%\t6%\t3%\t\nFixed Income Securities (including cash)%\t44\t48%\t88%\t72%\t\nReal Estate%\t3\t6%\t1%\t0\t\nOther%\t15\t1%\t5%\t25%\t1\nTotal%\t100\t100%\t100%\t100%\t\n", "q10k_tbl_177": "\tPension Plans\t\t\tOther Post-employment Benefits\t\t\n\t2019\t2018\t2017\t2019\t2018\t2017\nDiscount rate\t\t\t\t\t\t\nRange\t1.00% - 10.50%\t1.75% - 16.00%\t1.50% - 15.00%\t1.00% - 7.25%\t1.75% - 9.50%\t1.30% - 7.65%\nWeighted average\t2.90%\t3.80%\t3.45%\t3.06%\t3.98%\t3.60%\nRate of compensation increase\t\t\t\t\t\t\nRange\t1.90% - 10.00%\t2.00% - 10.00%\t1.80% - 9.00%\t1.60% - 4.80%\t2.00% - 4.80%\t2.00% - 4.50%\nWeighted average\t2.80%\t2.85%\t2.81%\t2.95%\t3.24%\t3.32%\n", "q10k_tbl_178": "\tOther Post-employment Benefits\t\t\n\t2019\t2018\t2017\nHealthcare cost trend rate assumed\t\t\t\nRange\t1.80% - 5.00%\t1.80% - 8.00%\t1.80% - 5.00%\nWeighted average\t4.42%\t4.46%\t4.48%\n", "q10k_tbl_179": "\tEffect on 2020 Pre-Tax Pension Expense (sum of service cost and interest cost)\tEffect on December 31 2019 DBO\nChange in assumption\t\t\n100 basis points decrease in discount rate\t(54)\t1321\n100 basis points increase in discount rate\t42\t(1081)\n100 basis points decrease in rate of compensation\t(13)\t(178)\n100 basis points increase in rate of compensation\t14\t180\n1 year increase of the expected life of the beneficiaries\t10\t302\n", "q10k_tbl_180": "\tEffect on 2020 Pre-Tax OPEB Expense (sum of service cost and interest cost)\tEffect on December 31 2019 DBO\nChange in assumption\t\t\n100 basis points decrease in discount rate\t(3)\t682\n100 basis points increase in discount rate\t2\t(536)\n100 basis points decrease in healthcare cost trend rate\t(29)\t(450)\n100 basis points increase in healthcare cost trend rate\t39\t566\n1 year increase of the expected life of the beneficiaries\t7\t162\n", "q10k_tbl_181": "\tNumber of Options\tRange of Exercise Prices (per option)\tWeighted Average Exercise Price (per option)\nOutstanding December 31 2016\t4682534\t63.42 - 235.32\t153.19\nExpired)\t(1397659\t63.42 - 235.32\t170.40\nOutstanding December 31 2017\t3284875\t63.42 - 235.32\t145.86\nExpired)\t(1295500\t63.42 - 235.32\t215.77\nOutstanding December 31 2018\t1989375\t91.98 - 109.14\t100.33\nExpired)\t(1084985\t91.98 - 109.14\t107.29\nOutstanding December 31 2019\t904390\t91.98\t91.98\nExercisable December 31 2017\t3284875\t63.42 - 235.32\t145.86\nExercisable December 31 2018\t1989375\t91.98 - 109.14\t100.33\nExercisable December 31 2019\t904390\t91.98\t91.98\n", "q10k_tbl_182": "Options Outstanding\t\t\t\t\nExercise Price (per option)\tNumber of options\tRemaining contractual life (in years)\tOptions exercisable (number of options)\tMaturity\n91.98\t904390\t0.59\t904390\tAugust 3 2020\n", "q10k_tbl_183": "\tCEO Office\t\t\tOther Executive Officers\t\n2019 Grant\tl PSUs with a three year performance period\t\tl\tPSUs with a three year performance period\t\nl\tValue at grant 100% of base salary for the CEO and the President and CFO\t\t\t\t\nl\tVesting conditions:\t\tl Vesting conditions\t\t\n\t\tThreshold Target\t\t\tTarget\n\tTSR/EPS vs. peer group\t100% median ≥120% median\tROCE\t\t100% target 100% vesting\n\tTSR vs. S&P 500\tPerformance equal to Index ≥Performance equal to Index + 2% outperformance\tGap to competition (where applicable)\t\t100% target 100% vesting\n\tVesting percentage\t50% 100%\t\t\t\n", "q10k_tbl_184": "\tCEO Office\t\t\tOther Executive Officers\t\n2016 Special Grant\tl PSUs with a five-year performance period 50% vesting after three-year performance period and 50% after additional two-year performance period\t\tl\tPSUs with a five-year performance period 50% vesting after three-year performance period and 50% after additional two-year performance period\t\nl\tPerformance criteria: 50% TSR (½ vs. S&P 500 and ½ vs. peer group) and 50% EPS vs. peer group\t\tl Performance criteria: ROCE and Gap to competition in some areas one target grant: a share will vest if performance is met at target one overperformance grant: a share will vest if performance exceeds 120%\t\t\nl\tValue at grant: 150% of base salary for the CEO and the President and CFO\t\tl Vesting conditions:\t\t\nl\tVesting conditions:\t\t\t\t\n\t\tThreshold Target\tPerformance\t\t100% ≥120%\n\tTSR/EPS vs. peer group\t100% median ≥120% median\tTarget award vesting\t\t100% 100%\n\tTSR vs. S&P 500\tPerformance equal to Index ≥Performance equal to Index + 2% outperformance\tOverperformance award (=20% of target award)\t\t- 100%\n\tVesting percentage\t50% 100%\t\t\t\n2017 Grant\tl PSUs with a three-year performance period\t\tl\tPSUs with a three-year performance period\t\nl\tPerformance criteria: 50% TSR (½ vs. S&P 500 and ½ vs. peer group) and 50% EPS vs. peer group\t\tl Performance criteria: TSR and Gap to competition in some areas\t\t\nl\tValue at grant: 100% of base salary for the CEO and the President and CFO\t\t\t\t\nl\tVesting conditions:\t\tl Vesting conditions:\t\t\n\t\tThreshold Target\t\t\tThreshold Target\n\tTSR/EPS vs. peer group\t100% median ≥120% median\tTSR vs. peer group\t\t100% median 50% vesting ≥120% median 100% vesting\n\tTSR vs. S&P 500\tPerformance equal to Index ≥Performance equal to Index + 2% outperformance\tGap to competition (where applicable)\t\t- 100% target 100% vesting\n\tVesting percentage\t50% 100%\t\t\t\n2018 Grant\tl PSUs with a three year performance period\t\tl\tPSUs with a three year performance period\t\nl\tValue at grant 100% of base salary for the CEO and the President and CFO\t\t\t\t\nl\tVesting conditions:\t\tl Vesting conditions\t\t\n\t\tThreshold Target\t\t\tTarget\n\tTSR/EPS vs. peer group\t100% median ≥120% median\tROCE\t\t100% target 100% vesting\n\tTSR vs. S&P 500\tPerformance equal to Index ≥Performance equal to Index + 2% outperformance\tGap to competition (where applicable)\t\t100% target 100% vesting\n\tVesting percentage\t50% 100%\t\t\t\n", "q10k_tbl_185": "At Grant date\t\t\t\t\t\tNumber of shares issued as of December 31 2019\t\nGrant date\tType of plan\tNumber of shares\tNumber of beneficiaries\tMaturity\tFair value per share\tShares outstanding\tShares forfeited\nDecember 16 2019\tPSU\t1760350\t517\tJanuary 1 2023\t18.57\t1760350\t0\nDecember 16 2019\tCEO Office\t172517\t2\tJanuary 1 2023\t14.89\t172517\t0\nDecember 20 2018\tPSU\t1358750\t524\tJanuary 1 2022\t21.31\t1298550\t60200\nDecember 20 2018\tCEO Office\t134861\t2\tJanuary 1 2022\t16.58\t134861\t0\nDecember 20 2017\tPSU\t1081447\t527\tJanuary 1 2021\t18.42\t958082\t123365\nDecember 20 2017\tCEO Office\t90084\t2\tJanuary 1 2021\t22.85\t90084\t0\nJune 30 2016\tPSU II\t3472355\t554\tJanuary 1 2021\t13.17\t2751076\t721279\nJune 30 2016\tCEO PSU II\t153268\t2\tJanuary 1 2022\t16.62\t153268\t0\nJune 30 2016\tCEO PSU I\t153268\t2\tJanuary 1 2020\t10.68\t153268\t0\nTotal\t\t8376900\t\t\t10.68 - $22.85\t7472056\t904844\n", "q10k_tbl_186": "\tRSUs\t\tPSUs\t\n\tNumber of shares\tFair value per share\tNumber of shares\tFair value per share\nOutstanding December 31 2016\t650254\t21.00\t8039494\t15.08\nGranted 1\t0\t0\t1199338\t19.25\nExited)\t(303550\t30.69\t(204855)\t43.34\nForfeited)\t(40699\t20.32\t(437141)\t18.33\nOutstanding December 31 2017\t306005\t11.49\t8596836\t14.83\nGranted 2\t0\t0\t1577865\t21.32\nExited)\t(288721\t11.49\t(412893)\t28.98\nForfeited)\t(17284\t11.49\t(391348)\t16.41\nOutstanding December 31 2018\t0\t0\t9370460\t15.34\nGranted 3\t0\t0\t2018176\t17.96\nExited\t0\t0\t(2677011)\t13.49\nForfeited\t0\t0\t(1239569)\t14.25\nOutstanding December 31 2019\t0\t0\t7472056\t16.76\n", "q10k_tbl_187": "\tBalance at December 31 2018\tAdditions1\tDeductions/ Payments\tEffects of foreign exchange and other movements\t\tBalance at December 31 2019\nEnvironmental (see note 9.3)\t1228\t97\t(95)\t(156)\t2\t1074\nEmission rights (see text below)\t0\t481\t0\t3\t\t484\nAsset retirement obligations (see note 9.3)\t422\t28\t(10)\t38\t\t478\nSite restoration\t141\t3\t(5)\t(3)\t\t136\nStaff related obligations\t201\t65\t(64)\t(17)\t\t185\nVoluntary separation plans\t38\t30\t(13)\t(8)\t\t47\nLitigation and other (see note 9.3)\t369\t65\t(91)\t(31)\t\t312\nTax claims\t120\t5\t(14)\t(30)\t\t81\nOther legal claims\t249\t60\t(77)\t(1)\t\t231\nCommercial agreements and onerous contracts\t34\t29\t(16)\t(1)\t\t46\nOther\t101\t148\t(30)\t10\t\t229\n\t2534\t946\t(324)\t(165)\t\t2991\nShort-term provisions\t539\t\t\t\t\t516\nLong-term provisions\t1995\t\t\t\t\t2475\n\t2534\t\t\t\t\t2991\n", "q10k_tbl_188": "\tBalance at December 31 2017\tAdditions1\tDeductions/ Payments\tEffects of foreign exchange and other movements\t\tBalance at December 31 2018\nEnvironmental (see note 9.3)\t815\t24\t(90)\t479\t2\t1228\nAsset retirement obligations (see note 9.3)\t427\t26\t(11)\t(20)\t\t422\nSite restoration\t40\t117\t(13)\t(3)\t\t141\nStaff related obligations\t183\t75\t(46)\t(11)\t\t201\nVoluntary separation plans\t79\t3\t(56)\t12\t\t38\nLitigation and other (see note 9.3)\t328\t79\t(76)\t38\t\t369\nTax claims\t126\t13\t(14)\t(5)\t\t120\nOther legal claims\t202\t66\t(62)\t43\t\t249\nCommercial agreements and onerous contracts\t24\t14\t(20)\t16\t\t34\nOther\t126\t19\t(32)\t(12)\t\t101\n\t2022\t357\t(344)\t499\t\t2534\nShort-term provisions\t410\t\t\t\t\t539\nLong-term provisions\t1612\t\t\t\t\t1995\n\t2022\t\t\t\t\t2534\n", "q10k_tbl_189": "\tBalance at December 31\t\n\t2019\t2018\nDerivative financial instruments (see note 6.1.5)\t238\t708\nPayable from acquisition of financial assets\t1340\t1506\nUnfavorable contracts\t203\t217\nIncome tax payable\t251\t184\nOther\t486\t404\nTotal\t2518\t3019\n", "q10k_tbl_190": "\tDecember 31\t\n\t2019\t2018\nPurchase commitments\t19697\t24594\nGuarantees pledges and other collateral\t7815\t5527\nNon-cancellable operating leases*\t0\t1869\nCapital expenditure commitments\t448\t697\nOther commitments\t3201\t3516\nTotal\t31161\t36203\n", "q10k_tbl_191": "\tYear Ended December 31\t\t\n\t2019\t2018\t2017\nTotal current tax expense\t786\t928\t583\nTotal deferred tax benefit\t(327)\t(1277)\t(151)\nTotal income tax expense (benefit)\t459\t(349)\t432\n", "q10k_tbl_192": "\tYear Ended December 31\t\t\n\t2019\t2018\t2017\nNet income (loss) (including non-controlling interests))\t(2391\t5330\t4575\nIncome tax expense (benefit)\t459\t(349)\t432\nIncome (loss) before tax)\t(1932\t4981\t5007\nTax expense (benefit) at the statutory rates applicable to profits (losses) in the countries1)\t(468\t1043\t1407\nPermanent items)\t(993\t(421)\t(522)\nRate changes\t340\t0\t(94)\nNet change in measurement of deferred tax assets\t1201\t(1301)\t(281)\nTax effects of foreign currency translation\t14\t(47)\t(157)\nTax credits)\t(9\t(17)\t(66)\nOther taxes\t160\t151\t90\nOthers\t214\t243\t55\nIncome tax expense (benefit)\t459\t(349)\t432\n", "q10k_tbl_193": "\tYear Ended December 31\t\t\n\t2019\t2018\t2017\nTax deductible write-downs on shares and receivables)\t(922\t(498)\t(652)\nJuros sobre o Capital Próprio (\"JSCP\"))\t(32\t(73)\t(4)\nNon taxable gain on bargain purchase\t0\t(60)\t0\nTaxable income (tax loss) of AMTFS)\t(8\t47\t(34)\nTaxable dividends\t11\t0\t65\nOther permanent items)\t(42\t163\t103\nTotal permanent items)\t(993\t(421)\t(522)\n", "q10k_tbl_194": "\tYear Ended December 31\t\t\n\t2019\t2018\t2017\nTax contingencies/settlements\t225\t183\t7\nPrior period taxes)\t(20\t21\t(7)\nOthers\t9\t39\t55\nTotal\t214\t243\t55\n", "q10k_tbl_195": "\tYear Ended December 31\t\t\n\t2019\t2018\t2017\nRecognized in other comprehensive income on:\t\t\t\nDeferred tax expense (benefit)\t\t\t\nGain (loss) on derivative financial instruments\t(244)\t380\t(77)\nRecognized actuarial gain (loss)\t32\t(228)\t(42)\nForeign currency translation adjustments\t(35)\t(106)\t(90)\n\t(247)\t46\t(209)\nRecognized directly in equity on:\t\t\t\nDeferred tax expense (benefit)\t\t\t\nOthers\t0\t0\t9\nTotal\t(247)\t46\t(200)\n", "q10k_tbl_196": "\tAssets\t\tLiabilities\t\tNet\t\n\t2019\t2018\t2019\t2018\t2019\t2018\nIntangible assets\t22\t29\t(720)\t(744)\t(698)\t(715)\nProperty plant and equipment\t177\t271\t(4445)\t(5098)\t(4268)\t(4827)\nInventories\t261\t286\t(209)\t(251)\t52\t35\nFinancial instruments\t47\t124\t(98)\t(424)\t(51)\t(300)\nOther assets\t157\t460\t(408)\t(572)\t(251)\t(112)\nProvisions\t1350\t1728\t(243)\t(512)\t1107\t1216\nOther liabilities\t469\t461\t(70)\t(331)\t399\t130\nTax losses and other tax benefits carried forward\t9984\t10384\t0\t0\t9984\t10384\nTax credits carried forward\t76\t104\t0\t0\t76\t104\nUntaxed reserves\t0\t0\t(1)\t(2)\t(1)\t(2)\nDeferred tax assets / (liabilities)\t12543\t13847\t(6194)\t(7934)\t6349\t5913\nDeferred tax assets\t\t\t\t\t8680\t8287\nDeferred tax liabilities\t\t\t\t\t(2331)\t(2374)\n", "q10k_tbl_197": "\tGross amount\tTotal deferred tax assets\tRecognized deferred tax assets\tUnrecognized deferred tax assets\nTax losses and other tax benefits carried forward\t105937\t26504\t9984\t16520\nTax credits carried forward\t693\t693\t76\t617\nOther temporary differences\t15793\t3799\t2483\t1316\nTotal\t\t30996\t12543\t18453\n", "q10k_tbl_198": "\tGross amount\tTotal deferred tax assets\tRecognized deferred tax assets\tUnrecognized deferred tax assets\nTax losses and other tax benefits carried forward\t110769\t28642\t10384\t18258\nTax credits carried forward\t722\t722\t104\t618\nOther temporary differences\t16923\t4117\t3359\t758\nTotal\t\t33481\t13847\t19634\n", "q10k_tbl_199": "Year expiring\tRecognized\tUnrecognized\tTotal\n2020\t25\t144\t169\n2021\t3\t656\t659\n2022\t2\t659\t661\n2023\t6\t469\t475\n2024\t3\t212\t215\n2025 - 2039\t354\t5934\t6288\nTotal\t393\t8074\t8467\n", "q10k_tbl_200": "Year expiring\tRecognized\tUnrecognized\tTotal\n2020\t0\t3\t3\n2021\t0\t2\t2\n2022\t0\t2\t2\n2023\t0\t1\t1\n2024\t0\t1\t1\n2025 - 2039\t26\t575\t601\nTotal\t26\t584\t610\n", "q10k_tbl_201": "\tDecember 31 2017\tMovement in year\tDecember 31 2018\tMovement in year\tDecember 31 2019\nIssued shares\t1021903623\t0\t1021903623\t0\t1021903623\nTreasury shares)\t(1986836\t(6348529)\t(8335365)\t(1488837)\t(9824202)\nTotal outstanding shares\t1019916787\t(6348529)\t1013568258\t(1488837)\t1012079421\n", "q10k_tbl_202": "\tYear Ended December 31\t\t\n\t2019\t2018\t2017\nNet income (loss) attributable to equity holders of the parent)\t(2454\t5149\t4568\nWeighted average common shares outstanding (in millions) for the purposes of basic earnings per share\t1013\t1015\t1020\nIncremental shares from assumed conversion of restricted share units and performance share units (in millions)\t0\t6\t4\nWeighted average common shares outstanding (in millions) for the purposes of diluted earnings per share\t1013\t1021\t1024\n", "q10k_tbl_203": "Description\tApproved by\tDividend per share (in $)\tPayout date\tTotal (in millions of $)\nDividend for financial year 2016\tAnnual general shareholders' meeting on May 4 2017\t0\t0\t0\nDividend for financial year 2017\tAnnual general shareholders' meeting on May 9 2018\t0.10\tJune 13 2018\t101\nDividend for financial year 2018\tAnnual general shareholders' meeting on May 7 2019\t0.20\tJune 13 2019\t203\n", "q10k_tbl_204": "Name of Subsidiary\tCountry of incorporation and operation\t% of non-controlling interests and non- controlling voting rights at December 31 2019\t% of non-controlling interests and non- controlling voting rights at December 31 2018\tNet income (loss) attributable to non- controlling interests for the year ended December 31 2019\tNon-controlling interests at December 31 2019\tNet income (loss) attributable to non- controlling interests for the year ended December 31 2018\tNon-controlling interests at December 31 2018\tNet income (loss) attributable to non- controlling interests for the year ended December 31 2017\nAMSA\tSouth Africa\t30.78%\t30.78%\t(98)\t74\t29\t170\t(124)\nSonasid1\tMorocco\t67.57%\t67.57%\t0\t103\t2\t107\t3\nArcelorMittal Kryvyi Rih\tUkraine\t4.87%\t4.87%\t(5)\t185\t15\t182\t10\nBelgo Bekaert Arames (\"BBA\")\tBrazil\t45.00%\t45.00%\t28\t141\t28\t136\t25\nHera Ermac2\tLuxembourg\t0\t0\t0\t801\t0\t797\t0\nAMMC\tCanada\t15.00%\t15.00%\t114\t486\t91\t484\t91\nArceo\tBelgium\t62.86%\t62.86%\t3\t154\t4\t158\t4\nArcelorMittal Liberia Ltd\tLiberia\t15.00%\t15.00%\t18\t(250)\t(2)\t(268)\t(11)\nOther\t\t\t\t3\t268\t14\t256\t9\nTotal\t\t\t\t63\t1962\t181\t2022\t7\n", "q10k_tbl_205": "\tDecember 31 2019\t\t\t\t\t\t\t\n\tAMSA\tSonasid\tAM Kryvyi Rih\tBBA\tHera Ermac\tAMMC\tArceo\tAM Liberia\nCurrent assets\t997\t188\t1557\t225\t905\t1434\t129\t155\nNon-current assets\t618\t102\t3530\t148\t1193\t3083\t122\t123\nTotal assets\t1615\t290\t5087\t373\t2098\t4517\t251\t278\nCurrent liabilities\t907\t101\t1130\t98\t298\t457\t1\t1739\nNon-current liabilities\t468\t39\t446\t14\t76\t591\t1\t46\nNet assets\t240\t150\t3511\t261\t1724\t3469\t249\t(1507)\n", "q10k_tbl_206": "\tDecember 31 2019\t\t\t\t\t\t\t\n\tAMSA\tSonasid\tAM Kryvyi Rih\tBBA\tHera Ermac\tAMMC\tArceo\tAM Liberia\nRevenue\t2864\t366\t2420\t761\t0\t2655\t0\t257\nNet income (loss))\t(319\t(1)\t(100)\t63\t144\t766\t5\t115\nTotal comprehensive income (loss))\t(312\t0\t(141)\t64\t144\t761\t5\t115\n", "q10k_tbl_207": "\tDecember 31 2019\t\t\t\t\t\t\t\n\tAMSA\tSonasid\tAM Kryvyi Rih\tBBA\tHera Ermac\tAMMC\tArceo\tAM Liberia\nNet cash provided by / (used in) operating activities)\t(35\t9\t163\t76\t857\t1045\t9\t84\nNet cash provided by / (used in) investing activities)\t(79\t(5)\t(270)\t(12)\t(114)\t(332)\t17\t(18)\nNet cash provided by / (used in) financing activities\t97\t(6)\t68\t(62)\t(743)\t(683)\t(7)\t(65)\nImpact of currency movements on cash\t5\t0\t8\t0\t0\t0\t0\t0\nCash and cash equivalents:\t\t\t\t\t\t\t\t\nAt the beginning of the year\t72\t55\t73\t11\t0\t180\t27\t0\nAt the end of the year\t60\t53\t42\t13\t0\t210\t46\t1\nDividend to non-controlling interests\t0\t(4)\t0\t(18)\t0\t(102)\t(5)\t0\n", "q10k_tbl_208": "\tDecember 31 2018\t\t\t\t\t\t\t\n\tAMSA\tSonasid\tAM Kryvyi Rih\tBBA\tHera Ermac\tAMMC\tArceo\tAM Liberia\nCurrent assets\t1307\t194\t1408\t240\t251\t1144\t93\t113\nNon-current assets\t672\t100\t2947\t158\t2492\t3113\t166\t114\nTotal assets\t1979\t294\t4355\t398\t2743\t4257\t259\t227\nCurrent liabilities\t1056\t106\t535\t109\t84\t331\t2\t1816\nNon-current liabilities\t372\t34\t308\t28\t335\t539\t1\t41\nNet assets\t551\t154\t3512\t261\t2324\t3387\t256\t(1630)\n", "q10k_tbl_209": "\tDecember 31 2018\t\t\t\t\t\t\t\n\tAMSA\tSonasid\tAM Kryvyi Rih\tBBA\tHera Ermac\tAMMC\tArceo\tAM Liberia\nRevenue\t3440\t396\t2497\t771\t0\t2396\t0\t132\nNet income (loss)\t95\t4\t340\t59\t(555)\t636\t6\t(12)\nTotal comprehensive income (loss))\t(40\t5\t331\t62\t(555)\t642\t6\t(12)\n", "q10k_tbl_210": "\tDecember 31 2018\t\t\t\t\t\t\t\n\tAMSA\tSonasid\tAM Kryvyi Rih\tBBA\tHera Ermac\tAMMC\tArceo\tAM Liberia\nNet cash provided by / (used in) operating activities\t69\t22\t313\t47\t38\t735\t10\t(18)\nNet cash provided by / (used in) investing activities\t132\t(5)\t(346)\t(14)\t(38)\t(134)\t14\t(29)\nNet cash provided by / (used in) financing activities)\t(260\t0\t50\t(27)\t0\t(579)\t(9)\t47\nImpact of currency movements on cash)\t(10\t0\t(4)\t0\t0\t0\t(1)\t0\nCash and cash equivalents:\t\t\t\t\t\t\t\t\nAt the beginning of the year\t141\t38\t60\t5\t0\t158\t13\t0\nAt the end of the year\t72\t55\t73\t11\t0\t180\t27\t0\nDividend to non-controlling interests\t0\t0\t0\t(18)\t0\t(87)\t(7)\t0\n", "q10k_tbl_211": "\tDecember 31 2017\t\t\t\t\t\t\t\n\tAMSA\tSonasid\tAM Kryvyi Rih\tBBA\tHera Ermac\tAMMC\tArceo\tAM Liberia\nRevenue\t2926\t371\t2486\t698\t0\t1943\t0\t56\nNet income (loss))\t(403\t6\t209\t52\t1130\t617\t6\t(71)\nTotal comprehensive income (loss))\t(421\t4\t210\t52\t1130\t613\t6\t(71)\n", "q10k_tbl_212": "\tDecember 31 2017\t\t\t\t\t\t\t\n\tAMSA\tSonasid\tAM Kryvyi Rih\tBBA\tHera Ermac\tAMMC\tArceo\tAM Liberia\nNet cash provided by / (used in) operating activities)\t(119\t(7)\t194\t63\t(12)\t947\t10\t(69)\nNet cash provided by / (used in) investing activities)\t(193\t(3)\t(234)\t(9)\t12\t(301)\t3\t(63)\nNet cash provided by / (used in) financing activities\t330\t(4)\t0\t(61)\t0\t(656)\t(8)\t132\nImpact of currency movements on cash\t13\t1\t(2)\t0\t0\t0\t1\t0\nCash and cash equivalents:\t\t\t\t\t\t\t\t\nAt the beginning of the year\t110\t51\t102\t12\t0\t168\t7\t0\nAt the end of the year\t141\t38\t60\t5\t0\t158\t13\t0\nDividend to non-controlling interests\t0\t(2)\t0\t(26)\t0\t(98)\t(5)\t0\n", "q10k_tbl_213": "\t\tYear Ended December 31\t\t\tDecember 31\t\n\t\tSales\t\t\tTrade receivables\t\nRelated parties and their subsidiaries where applicable\tCategory\t2019\t2018\t2017\t2019\t2018\nCalvert\tJoint Venture\t2518\t2207\t2030\t5\t33\nGonvarri Steel Industries 1\tAssociate\t1728\t2022\t1666\t42\t78\nArcelorMittal CLN Distribuzione Italia S.r.l.\tJoint Venture\t483\t511\t472\t57\t38\nBorçelik\tJoint Venture\t474\t536\t426\t20\t20\nBamesa\tAssociate\t365\t383\t397\t32\t27\nI/N Kote L.P.\tJoint Venture\t321\t329\t321\t2\t10\nC.L.N. Coils Lamiere Nastri S.p.A.\tAssociate\t247\t265\t233\t10\t6\nAM RZK\tJoint Venture\t225\t136\t235\t13\t5\nAperam Société Anonyme (\"Aperam\")\tOther\t172\t278\t262\t16\t29\nTuper S.A.\tJoint Venture\t147\t155\t154\t43\t45\nTameh\tJoint Venture\t109\t110\t67\t8\t4\nWDI 2\tAssociate\t105\t148\t127\t1\t1\nAl Jubail\tJoint Venture\t25\t115\t66\t0\t1\nMacsteel 3\tOther\t0\t470\t521\t0\t2\nOther\t\t523\t594\t526\t49\t67\nTotal\t\t7442\t8259\t7503\t298\t366\n", "q10k_tbl_214": "\t\tYear Ended December 31\t\t\tDecember 31\t\n\t\tPurchases\t\t\tTrade payables\t\nRelated parties and their subsidiaries where applicable\tCategory\t2019\t2018\t2017\t2019\t2018\nTameh\tJoint Venture\t273\t344\t286\t22\t2\nCalvert\tJoint Venture\t127\t107\t65\t41\t23\nCFL Cargo S.A.\tAssociate\t63\t59\t60\t17\t9\nAl Jubail\tJoint Venture\t53\t42\t2\t4\t22\nExeltium S.A.S.\tAssociate\t52\t54\t53\t0\t0\nSitrel\tJoint Venture\t49\t41\t0\t1\t3\nAperam\tOther\t47\t85\t94\t7\t6\nBaycoat Limited Partnership\tJoint Venture\t47\t43\t42\t8\t5\nGonvarri Steel Industries 1\tAssociate\t22\t35\t19\t15\t31\nBaffinland 2\tAssociate\t16\t28\t142\t1\t16\nOther\t\t343\t278\t270\t135\t84\nTotal\t\t1092\t1116\t1033\t251\t201\n"}{"bs": "q10k_tbl_67", "is": "q10k_tbl_64", "cf": "q10k_tbl_69"}None