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EQUITY (Tables)
 12 Months Ended
Dec. 31, 2020
Share Capital, Reserves And Other Equity Interest [Abstract]  
Classes of Share Capital The Company’s shares consist of the following:
December 31, 2018Movement in yearDecember 31, 2019Movement in yearDecember 31, 2020
Issued shares1,021,903,623 — 1,021,903,623 80,906,149 1,102,809,772 
Treasury shares(8,335,365)(1,488,837)(9,824,202)(12,251,157)(22,075,359)
Total outstanding shares1,013,568,258 (1,488,837)1,012,079,421 68,654,992 1,080,734,413 
Earnings Per Share
The following table provides the numerators and a reconciliation of the denominators used in calculating basic and diluted earnings per common share for the years ended December 31, 2020, 2019 and 2018.
Year ended December 31,
202020192018
Net (loss) / income attributable to equity holders of the parent(733)(2,454)5,149 
Weighted average common shares outstanding (in millions) for the purposes of basic earnings per share1,140 1,013 1,015 
Incremental shares from assumed conversion of restricted share units and performance share units (in millions)— — 6 
Weighted average common shares outstanding (in millions) for the purposes of diluted earnings per share1,140 1,013 1,021 
Dividends
DescriptionApproved byDividend per
share (in $)		Payout dateTotal (in
millions of $)
Dividend for financial year 2017Annual general shareholders’ meeting on May 9, 20180.10 June 13, 2018101 
Dividend for financial year 2018Annual general shareholders’ meeting on May 7, 20190.20 June 13, 2019203 
Dividend for financial year 2019Annual general shareholders’ meeting on June 13, 2020— — — 
Schedule of Subsidiaries
Name of SubsidiaryCountry% of Ownership
NAFTA
ArcelorMittal Dofasco G.P.Canada100.00%
ArcelorMittal México S.A. de C.V.Mexico100.00%
ArcelorMittal USA LLC 1
United StatesSold
ArcelorMittal Long Products Canada G.P.Canada100.00%
Brazil and neighboring countries ("Brazil")
ArcelorMittal Brasil S.A.Brazil97.01%
Acindar Industria Argentina de Aceros S.A. ("Acindar")Argentina100.00%
Europe
ArcelorMittal France S.A.S.France100.00%
ArcelorMittal Belgium N.V.Belgium100.00%
ArcelorMittal España S.A.Spain99.85%
ArcelorMittal Flat Carbon Europe S.A.Luxembourg100.00%
ArcelorMittal Poland S.A.Poland100.00%
ArcelorMittal Eisenhüttenstadt GmbHGermany100.00%
ArcelorMittal Bremen GmbHGermany100.00%
ArcelorMittal Méditerranée S.A.S.France100.00%
ArcelorMittal Belval & Differdange S.A.Luxembourg100.00%
ArcelorMittal Hamburg GmbHGermany100.00%
ArcelorMittal Duisburg GmbHGermany100.00%
ArcelorMittal International Luxembourg S.A.Luxembourg100.00%
ArcelorMittal Italia S.p.A.2
Italy100.00%
Africa and Commonwealth of Independent States ("ACIS")
ArcelorMittal South Africa Ltd. ("AMSA")South Africa69.22%
JSC ArcelorMittal TemirtauKazakhstan100.00%
PJSC ArcelorMittal Kryvyi Rih ("AM Kryvyi Rih")Ukraine95.13%
Mining
ArcelorMittal Mining Canada G.P. and ArcelorMittal Infrastructure G.P.("AMMC")Canada85.00%
ArcelorMittal Liberia LtdLiberia85.00%
1. On December 9, 2020, the Company completed the sale of ArcelorMittal USA (see note 2.3.1).
2. On December 10, 2020, the Company signed a binding agreement with Invitalia, an Italian state-owned company, forming a public-private joint venture between the parties. As a result, the carrying amount of the assets and liabilities of ArcelorMittal Italia was classified as held for sale and the Company's investment in ArcelorMittal Italia will be accounted for under the equity method upon closing of the first investment (expected in the first quarter of 2021) (see note 2.3.2).
The tables below provide a list of the subsidiaries which include significant non-controlling interests at December 31, 2020 and 2019 and for the years ended December 31, 2020, 2019 and 2018.
Name of SubsidiaryCountry of incorporation and operation% of non-controlling interests and non- controlling voting rights at December 31, 2020% of non-controlling interests and non- controlling voting rights at December 31, 2019Net income (loss) attributable to non- controlling interests for the year ended December 31, 2020Non-controlling interests at December 31, 2020Net income (loss) attributable to non- controlling interests for the year ended December 31, 2019Non-controlling interests at December 31, 2019Net income (loss) attributable to non- controlling interests for the year ended December 31, 2018
AMSASouth Africa30.78 %30.78 %(34)24 (98)74 29 
Sonasid1
Morocco67.57 %67.57 %— 114 — 103 2 
ArcelorMittal Kryvyi RihUkraine4.87 %4.87 %(1)151 (5)185 15 
Belgo Bekaert Arames ("BBA")Brazil45.00 %45.00 %33 116 28 141 28 
Hera Ermac2
Luxembourg— — — 855 — 801 — 
AMMCCanada15.00 %15.00 %127 466 114 486 91 
ArceoBelgium62.86 %62.86 %2 167 3 154 4 
ArcelorMittal Liberia LtdLiberia15.00 %15.00 %28 (222)18 (250)(2)
Other   — 286 3 268 14 
Total   155 1,957 63 1,962 181 
1.Sonasid - ArcelorMittal holds a controlling stake of 50% in Nouvelles Sidérurgies Industrielles. ArcelorMittal controls Nouvelles Sidérurgies Industrielles on the basis of a shareholders’ agreement which includes deadlock arrangements in favor of the Company. Nouvelles Sidérurgies Industrielles holds a 64.86% stake in Sonasid. The total non-controlling interests in Sonasid of 67.57% are the result of ArcelorMittal’s indirect ownership percentage in Sonasid of 32.43% through its controlling stake in Nouvelles Sidérurgies Industrielles.
2.Hera Ermac - The non-controlling interests correspond to the equity component net of transaction fees of the mandatory convertible bonds maturing on January 31, 2024 (see note 11.2).
Financial Information of Subsidiaries with Material Non-controlling Interests
The tables below provide summarized statements of financial position for the above-mentioned subsidiaries as of December 31, 2020 and 2019 and summarized statements of operations and summarized statements of cash flows for the years ended December 31, 2020, 2019 and 2018.
December 31, 2020
Summarized statements of financial positionAMSASonasidAM Kryvyi RihBBAHera ErmacAMMCArceoAM Liberia
Current assets853 214 1,050 200 694 1,566 182 153 
Non-current assets572 114 2,871 112 1,044 2,987 89 150 
Total assets1,425 328 3,921 312 1,738 4,553 271 303 
Current liabilities875 115 619 93 54 515 — 1,583 
Non-current liabilities471 48 354 9 113 633 — 55 
Net assets79 165 2,948 210 1,571 3,405 271 (1,335)
December 31, 2020
Summarized statements of operations AMSASonasidAM Kryvyi RihBBAHera ErmacAMMCArceoAM Liberia
Revenue1,526 324 2,348 650 — 2,746 — 361 
Net income (loss)(110)(1)17 75 (208)849 4 192 
Total comprehensive income (loss)(138)3 14 79 (208)747 4 192 
 December 31, 2020
Summarized statements of cash flowsAMSASonasidAM Kryvyi RihBBAHera ErmacAMMCArceoAM Liberia
Net cash provided by / (used in) operating activities30 39 697 86 (209)922 8 223 
Net cash provided by / (used in) investing activities(13)(5)(212)(12)208 (137)20 (19)
Net cash provided by / (used in) financing activities77 (1)(485)(65)1 (870)(6)(204)
Impact of currency movements on cash19 6 (11)(2)— — 5 — 
Cash and cash equivalents:        
At the beginning of the year60 53 42 13 — 210 46 1 
At the end of the year173 92 31 20 — 125 73 1 
Dividend to non-controlling interests(27)(126)(3)

 December 31, 2019
Summarized statements of financial position AMSASonasidAM Kryvyi RihBBAHera ErmacAMMCArceoAM Liberia
Current assets997 188 1,557 225 905 1,434 129 155 
Non-current assets618 102 3,530 148 1,193 3,083 122 123 
Total assets1,615 290 5,087 373 2,098 4,517 251 278 
Current liabilities907 101 1,130 98 298 457 1 1,739 
Non-current liabilities468 39 446 14 76 591 1 46 
Net assets240 150 3,511 261 1,724 3,469 249 (1,507)

 December 31, 2019
Summarized statements of operationsAMSASonasidAM Kryvyi RihBBAHera ErmacAMMCArceoAM Liberia
Revenue2,864 366 2,420 761 — 2,655 — 257 
Net income (loss)(319)(1)(100)63 144 766 5 115 
Total comprehensive income (loss)(312)— (141)64 144 761 5 115 
 December 31, 2019
Summarized statements of cash flows AMSASonasidAM Kryvyi RihBBAHera ErmacAMMCArceoAM Liberia
Net cash provided by / (used in) operating activities(35)9 163 76 857 1,045 9 84 
Net cash provided by / (used in) investing activities(79)(5)(270)(12)(114)(332)17 (18)
Net cash provided by / (used in) financing activities97 (6)68 (62)(743)(683)(7)(65)
Impact of currency movements on cash5 — 8 — — — — — 
Cash and cash equivalents:
At the beginning of the year72 55 73 11 — 180 27 — 
At the end of the year60 53 42 13 — 210 46 1 
Dividend to non-controlling interests— (4)— (18)— (102)(5)— 

 December 31, 2018
Summarized statements of operations AMSASonasidAM Kryvyi RihBBAHera ErmacAMMCArceoAM Liberia
Revenue3,440 396 2,497 771 — 2,396 — 132 
Net income (loss)95 4 340 59 (555)636 6 (12)
Total comprehensive income (loss)(40)5 331 62 (555)642 6 (12)
 December 31, 2018
Summarized statements of cash flowsAMSASonasidAM Kryvyi RihBBAHera ErmacAMMCArceoAM Liberia
Net cash provided by / (used in) operating activities69 22 313 47 38 735 10 (18)
Net cash provided by / (used in) investing activities132 (5)(346)(14)(38)(134)14 (29)
Net cash provided by / (used in) financing activities(260)— 50 (27)— (579)(9)47 
Impact of currency movements on cash(10)— (4)— — — (1)— 
Cash and cash equivalents:      
At the beginning of the year141 38 60 5 — 158 13 — 
At the end of the year72 55 73 11 — 180 27 — 
Dividend to non-controlling interests— — — (18)— (87)(7)—