SCOPE OF CONSOLIDATION (Tables)

12 Months Ended

Dec. 31, 2022

Basis Of Consolidation [Abstract]

Schedule of Subsidiaries

2.2.1 List of subsidiaries

The table below provides a list of the Company’s principal operating subsidiaries at December 31, 2022. Unless otherwise stated, the subsidiaries listed below have share capital consisting solely of ordinary shares or voting interests in the case of partnerships, which are held directly or indirectly by the Company and the proportion of ownership interests held equals to the voting rights held by the Company. The country of incorporation corresponds to their principal place of operations.

Name of Subsidiary	Country	% of Ownership
NAFTA
ArcelorMittal Dofasco G.P.	Canada	100.00%
ArcelorMittal México S.A. de C.V.	Mexico	100.00%
ArcelorMittal Long Products Canada G.P.	Canada	100.00%
ArcelorMittal Texas HBI LLC1	USA	80.00%
Brazil and neighboring countries ("Brazil")
ArcelorMittal Brasil S.A.	Brazil	97.08%
Acindar Industria Argentina de Aceros S.A. ("Acindar")	Argentina	100.00%
Europe
ArcelorMittal France S.A.S.	France	100.00%
ArcelorMittal Belgium N.V.	Belgium	100.00%
ArcelorMittal España S.A.	Spain	99.85%
ArcelorMittal Flat Carbon Europe S.A.	Luxembourg	100.00%
ArcelorMittal Poland S.A.	Poland	100.00%
ArcelorMittal Eisenhüttenstadt GmbH	Germany	100.00%
ArcelorMittal Bremen GmbH	Germany	100.00%
ArcelorMittal Méditerranée S.A.S.	France	100.00%
ArcelorMittal Belval & Differdange S.A.	Luxembourg	100.00%
ArcelorMittal Hamburg GmbH	Germany	100.00%
ArcelorMittal Duisburg GmbH	Germany	100.00%
ArcelorMittal International Luxembourg S.A.	Luxembourg	100.00%
Africa and Commonwealth of Independent States ("ACIS")
ArcelorMittal South Africa Ltd. ("AMSA")	South Africa	69.22%
JSC ArcelorMittal Temirtau	Kazakhstan	100.00%
PJSC ArcelorMittal Kryvyi Rih ("AM Kryvyi Rih")	Ukraine	95.13%
Mining
ArcelorMittal Mining Canada G.P. and ArcelorMittal Infrastructure Canada G.P. ("AMMC")	Canada	85.00%
ArcelorMittal Liberia Ltd2	Liberia	85.00%

1.Acquisition during the year. For more details see note 2.2.4.

2.ArcelorMittal Liberia Ltd is incorporated in Cyprus.

The tables below provide a list of the subsidiaries which include significant non-controlling interests at December 31, 2022 and 2021 and for the years ended December 31, 2022, 2021 and 2020.

Name of Subsidiary	Country of incorporation and operation	% of non-controlling interests and non- controlling voting rights at December 31, 2022		% of non-controlling interests and non- controlling voting rights at December 31, 2021		Net income (loss) attributable to non- controlling interests for the year ended December 31, 2022	Non-controlling interests at December 31, 2022	Net income (loss) attributable to non- controlling interests for the year ended December 31, 2021	Non-controlling interests at December 31, 2021	Net income (loss) attributable to non- controlling interests for the year ended December 31, 2020
AMSA	South Africa	30.78	%	30.78	%	55	198	151	160	(34)
Société Nationale de Sidérurgie S.A. ("Sonasid")1	Morocco	67.57	%	67.57	%	5	103	9	118	—
ArcelorMittal Kryvyi Rih	Ukraine	4.87	%	4.87	%	(68)	74	45	187	(1)
Belgo Bekaert Arames ("BBA")	Brazil	45.00	%	45.00	%	60	215	127	187	33
Hera Ermac2	Luxembourg	—		—		—	855	—	855	—
AMMC	Canada	15.00	%	15.00	%	183	492	257	527	127
Arceo	Belgium	62.86	%	62.86	%	1	144	2	153	2
ArcelorMittal Liberia Ltd3	Liberia	15.00	%	15.00	%	—	(173)	4	(218)	28
ArcelorMittal Texas HBI4	USA	20.00	%	—		(9)	225	—	—	—
Other						9	305	14	269	—
Total						236	2,438	609	2,238	155

1.Sonasid - ArcelorMittal holds a controlling stake of 50% in Nouvelles Sidérurgies Industrielles ("NSI"). ArcelorMittal controls NSI on the basis of a shareholders’ agreement which includes deadlock arrangements in favor of the Company. NSI 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 NSI.

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).

3.ArcelorMittal Liberia Ltd is incorporated in Cyprus. On December 20, 2022, ArcelorMittal fully settled a 300 capital increase in ArcelorMittal Liberia Ltd including 45 on behalf of non-controlling interests.

4.On June 30, 2022, ArcelorMittal acquired a 80% controlling stake in ArcelorMittal Texas HBI (see note 2.2.4).

Schedule of Business Combinations

The table below summarizes the final acquisition-date fair value of the assets acquired and liabilities assumed in 2022 and 2021:

	2022					2021
	JLM	ASL	CSM	ArcelorMittal Texas HBI	ALBA	Condesa
Current assets	10	11	68	283	34	92
Property, plant and equipment	10	14	16	949	53	39
Intangible assets	24	16	—	11	30	—
Other non-current assets	—	1	1	—	—	10
Total assets	44	42	85	1,243	117	141
Deferred tax liabilities	(8)	(6)	—	(30)	(13)	—
Other liabilities	(13)	(10)	(51)	(82)	(70)	(84)
Total liabilities	(21)	(16)	(51)	(112)	(83)	(84)
Net assets acquired	23	26	34	1,131	34	57
Consideration paid net of cash acquired	43	39	7	805	45	25
Deferred consideration	—	—	—	—	11	—
Non-controlling interests	—	—	4	229	—	—
Fair value of previously held interests at acquisition date	—	—	20	—	—	11
Remeasurement gain relating to the equity interest previously held	—	—	—	—	—	(3)
Goodwill/(bargain purchase gain)	20	13	(3)	(97)	22	(24)

Schedule of Significant Divestments

The table below summarizes the significant divestments completed in 2021 and 2020:

	2021		2020
	Acciaierie d'Italia		ArcelorMittal USA Divestment Business
Cash and cash equivalents	4		7
Other current assets	2,446		2,105
Intangible assets	17		12
Property, plant and equipment	1,875		3,341
Other assets	297		166
Total assets	4,639		5,631
Current liabilities	2,204		1,604
Other long-term liabilities	1,669		3,938
Total liabilities	3,873		5,542
Total net assets	766		89
% of net assets sold	100	%	100	%
Total net assets disposed of	766		89
ArcelorMittal retained interest 62%	1,205		—
Goodwill allocation	(52)		(672)
Consideration	—		2,219
Reclassification of foreign exchange and other	(283)		2
Gain on disposal/derecognition	104		1,460

Investments Accounted for Under the Equity Method

The carrying amounts of the Company’s investments accounted for under the equity method were as follows:

	December 31,
Category	2022	2021
Joint ventures	6,372	6,087
Associates	3,060	2,985
Individually immaterial joint ventures and associates1	1,333	1,247
Total	10,765	10,319

1.Individually immaterial joint ventures and associates represent in aggregate less than 20% of the total carrying amount of investments in joint ventures and associates at December 31, 2022 and 2021, and none of them have a carrying value exceeding 150 at December 31, 2022 and 2021.

Joint Ventures

The following tables summarize the latest available financial information and reconcile it to the carrying value of each of the Company’s material joint ventures, as well as the income statement of the Company’s material joint ventures:

	December 31, 2022
Joint Ventures	AMNS India		Acciaierie d'Italia		Calvert		VAMA		Tameh		Borçelik		Al Jubail		Total
Place of incorporation and operation 1	India		Italy		United States		China		Poland		Turkey		Saudi Arabia
Principal Activity	Integrated flat steel producer 4,5		Integrated flat steel producer6		Automotive steel finishing7		Automotive steel finishing		Energy production and supply		Manufacturing and sale of steel 2,3		Production and sale seamless line pipes and tubes
Ownership and voting rights at December 31, 2022	60.00	%	62.00	%	50.00	%	50.00	%	50.00	%	50.00	%	33.34	%
Current assets	3,494		2,558		2,019		534		448		624		662		10,339
of which cash, cash equivalents and restricted cash	800		179		216		159		26		70		101		1,551
Non-current assets	9,680		2,765		1,764		761		436		254		1,137		16,797
Current liabilities	1,809		2,754		968		533		434		390		429		7,317
of which trade and other payables and provisions	1,567		1,844		203		388		390		333		265		4,990
Non-current liabilities	5,928		908		975		61		120		34		738		8,764
of which trade and other payables and provisions	602		153		—		—		27		34		29		845
Non-controlling interest	3		—		—		—		—		—		—		3
Net assets attributable to equity holders of the parent	5,434		1,661		1,840		701		330		454		632		11,052
Company's share of net assets	3,260		1,030		920		351		165		227		211		6,164
Adjustments for differences in accounting policies and other	144		146		(36)		—		—		(42)		(4)		208
Carrying amount in the statements of financial position	3,404		1,176		884		351		165		185		207		6,372
Revenue	7,287		4,525		4,969		1,495		1,080		1,868		918		22,142
Depreciation and amortization	(350)		(157)		(67)		(32)		(45)		(25)		(71)		(747)
Interest income	70		—		—		2		3		2		—		77
Interest expense	(162)		(34)		(36)		(5)		(16)		(22)		(43)		(318)
Income tax benefit (expense)	(273)		25		—		(37)		(13)		(55)		(8)		(361)
Income (loss) from continuing operations	323		106		102		249		57		90		29		956
Other comprehensive income (loss)	(139)		—		71		—		6		22		(1)		(41)
Total comprehensive income (loss)	184		106		173		249		63		112		28		915
Cash dividends received by the Company	—		—		65		—		13		52		—		130

1.The country of incorporation corresponds to the country of operation except for Tameh whose country of operation is also the Czech Republic.

2.Ownership interest in Borçelik was 45.33% and 50.00% based on issued shares and outstanding shares, respectively, at December 31, 2022; voting interest was 48.01% at December 31, 2022.

3.Adjustment in Borçelik relates primarily to differences in accounting policies regarding revaluation of fixed assets.

4.Adjustments in AMNS India correspond primarily to transaction costs incurred to set up the joint venture and the fair value of the guarantee of the joint venture's debt (see note 9.4).

5.Includes AMNS Luxembourg, AMNS India and intermediate holding entities.

6.Includes Acciaierie d'Italia summarized statement of financial position as of December 31, 2022 adjusted for the fair value adjustments at divestment date (see note 2.3.1).

7.Adjustments in Calvert primarily relate to differences in accounting policies regarding inventory valuation.

	December 31, 2021
Joint Ventures	AMNS India		Acciaierie d'Italia		Calvert		VAMA		Tameh		Borçelik		Al Jubail		Total
Place of incorporation and operation 1	India		Italy		United States		China		Poland		Turkey		Saudi Arabia
Principal Activity	Integrated flat steel producer 5,6		Integrated flat steel producer7		Automotive steel finishing8		Automotive steel finishing		Energy production and supply		Manufacturing and sale of steel 2,3,4		Production and sale seamless line pipes and tubes 9
Ownership and voting rights at December 31, 2021	60.00	%	62.00	%	50.00	%	50.00	%	50.00	%	50.00	%	29.23	%
Current assets	5,536		3,643		2,334		293		356		983		573		13,718
of which cash and cash equivalents	1,285		92		256		56		62		155		88		1,994
Non-current assets	6,260		2,669		1,418		679		497		243		1,197		12,963
Current liabilities	764		3,313		1,162		466		376		723		533		7,337
of which trade and other payables and provisions	620		2,840		202		272		330		581		120		4,965
Non-current liabilities	5,770		1,365		790		8		169		56		640		8,798
of which trade and other payables and provisions	331		1,342		—		—		24		44		45		1,786
Net assets	5,262		1,634		1,800		498		308		447		597		10,546
Company's share of net assets	3,157		1,013		900		249		154		224		175		5,872
Adjustments for differences in accounting policies and other	148		146		(34)		—		—		(29)		(16)		215
Carrying amount in the statements of financial position	3,305		1,159		866		249		154		195		159		6,087
Revenue	7,226		3,291		4,808		1,452		721		1,791		334		19,623
Depreciation and amortization	(378)		(119)		(65)		(34)		(34)		(24)		(42)		(696)
Interest income	53		—		—		3		—		1		—		57
Interest expense	(139)		(12)		(28)		(7)		(6)		(18)		(27)		(237)
Income tax benefit (expense)	(71)		211		—		(12)		(4)		(65)		—		59
Income / (loss) from continuing operations	1,436		393		861		95		18		105		(85)		2,823
Other comprehensive income (loss)	818		—		9		—		8		9		—		844
Total comprehensive income (loss)	2,254		393		870		95		26		114		(85)		3,667
Cash dividends received by the Company	—		—		50		—		10		13		—		73

1.The country of incorporation corresponds to the country of operation except for Tameh whose country of operation is also the Czech Republic.

2.Ownership interest in Borçelik was 45.33% and 50.00% based on issued shares and outstanding shares, respectively, at December 31, 2021; voting interest was 48.01% at December 31, 2021.

3.The non-current liabilities include 39 deferred tax liability.

4.Adjustment in Borçelik relates primarily to differences in accounting policies regarding revaluation of fixed assets.

5.Adjustments in AMNS India correspond primarily to transaction costs incurred to set up the joint venture and the fair value of the guarantee of the joint venture's debt (see note 9.4).

6.Includes AMNS Luxembourg, AMNS India and intermediate holding entities.

7.Includes Acciaierie d'Italia summarized statement of financial position as of December 31, 2021 adjusted for the fair value adjustments at divestment date (see note 2.3.1). The summarized statement of comprehensive income presents results of Acciaierie d'Italia for the period from April 14, 2021 to December 31, 2021.

8.Adjustments in Calvert primarily relate to differences in accounting policies regarding inventory valuation.

9.The summarized statement of comprehensive income presents results for full year 2021 including Jubail Energy Services Company ("JESCO") results after July 31, 2021.

			December 31, 2020
Joint Ventures	AMNS India		Calvert		VAMA		Tameh		Borçelik		Total
Place of incorporation and operation1	India		United States		China		Poland		Turkey
Principal Activity	Integrated flat steel producer 5,6		Automotive steel finishing		Automotive steel finishing		Energy production and supply		Manufacturing and sale of steel 2,3,4
Ownership and voting rights at December 31, 2020	60.00	%	50.00	%	50.00	%	50.00	%	50.00	%
Current assets	3,528		1,236		252		175		510		5,701
of which cash and cash equivalents	1,137		53		77		43		82		1,392
Non-current assets	5,745		1,261		669		570		257		8,502
Current liabilities	657		805		511		180		283		2,436
of which trade and other payables and provisions	524		138		232		132		271		1,297
Non-current liabilities	5,604		662		23		226		127		6,642
of which trade and other payables and provisions	67		—		—		26		47		140
Net assets	3,012		1,030		387		339		357		5,125
Company's share of net assets	1,807		515		194		170		179		2,865
Adjustments for differences in accounting policies and other	149		24		—		—		(32)		141
Carrying amount in the statements of financial position	1,956		539		194		170		147		3,006
Revenue	3,992		2,693		1,001		420		1,055		9,161
Depreciation and amortization	(371)		(61)		(41)		(48)		(24)		(545)
Interest income	43		—		1		—		1		45
Interest expense	(135)		(33)		(16)		(8)		(12)		(204)
Income tax benefit (expense)	318		—		(6)		(2)		(17)		293
Income / (loss) from continuing operations	472		9		47		7		29		564
Other comprehensive income (loss)	(98)		—		—		6		(4)		(96)
Total comprehensive income (loss)	374		9		47		13		25		468
Cash dividends received by the Company	—		58		—		—		9		67

1.The country of incorporation corresponds to the country of operation except for Tameh whose country of operation is also the Czech Republic.

2.Ownership interest in Borçelik was 45.33% and 50.00% based on issued shares and outstanding shares, respectively, at December 31, 2020; voting interest was 48.01% at December 31, 2020.

3.The non-current liabilities include 39 deferred tax liability.

4.Adjustment in Borçelik relates primarily to differences in accounting policies regarding revaluation of fixed assets.

5.Adjustments in AMNS India correspond primarily to transaction costs incurred to set up the joint venture and the fair value of the guarantee of the joint venture's debt (see note 9.4).

6.Includes AMNS Luxembourg, AMNS India and intermediate holding entities.

Associates

The following table summarizes the financial information and reconciles it to the carrying amount of each of the Company’s material associates, as well as the income statement of the Company’s material associates:

	December 31, 2022
Associates	China Oriental		DHS Group		Gonvarri Steel Industries		Baffinland 6		Total
Financial statements reporting date	June 30, 2022		September 30, 2022		September 30, 2022		December 31, 2022
Place of incorporation and operation1	Bermuda		Germany		Spain		Canada
Principal Activity	Iron and steel manufacturing		Steel manufacturing 3		Steel manufacturing 4		Extraction of iron ore 5
Ownership and voting rights at December 31, 2022	37.00	%	33.43	%	35.00	%	25.23	%
Current assets	5,081		1,827		3,400		758		11,066
Non-current assets	3,218		2,257		1,802		10,700		17,977
Current liabilities	4,134		640		2,067		770		7,611
Non-current liabilities	314		863		815		3,379		5,371
Non-controlling interests	348		115		416		—		879
Net assets attributable to equity holders of the parent	3,503		2,466		1,904		7,309		15,182
Company's share of net assets	1,296		824		666		1,844		4,630
Adjustments for differences in accounting policies and other	—		150		(43)		(1,488)		(1,381)
Other adjustments2	(56)		(183)		50		—		(189)
Carrying amount in the statements of financial position	1,240		791		673		356		3,060
Revenue	3,857		2,715		5,628		482		12,682
Income / (loss) from continuing operations	190		428		236		(136)		718
Other comprehensive income	4		18		62		—		84
Total comprehensive income (loss)	193		446		298		(136)		801
Cash dividends received by the Company	28		10		26		—		64

1.The country of incorporation corresponds to the country of operation except for China Oriental whose country of operation is China.

2.Other adjustments correspond to the difference between the carrying amount at December 31, 2022 and the net assets situation corresponding to the latest financial statements ArcelorMittal is permitted to disclose translated with closing rates as of the reporting dates described in the table above. For the year ended December 31, 2020, the Company recognized a 211 impairment loss with respect to its investment in DHS Group.

3.The amount for DHS Group includes an adjustment to align the German GAAP financial information with the Company’s accounting policies and is mainly linked to property, plant and equipment, inventory and pension.

4.Adjustments in Gonvarri Steel Industries primarily relate to differences in accounting policies regarding revaluation of fixed assets.

5.Adjustments in Baffinland primarily relate to differences in accounting policies regarding recognized goodwill. In September 2020, following a legal reorganization that was not a business combination for the Company, its share of fair value remeasurement of 1.5 billion was not recognized in the carrying amount of Baffinland.

6.Following a legal reorganization in September 2020, the Company holds an indirect interest in Baffinland through Nunavut Iron Ore Inc.

	December 31, 2021
Associates	China Oriental		DHS Group		Gonvarri Steel Industries		Baffinland6		Total
Financial statements reporting date	June 30, 2021		September 30, 2021		September 30, 2021		December 31, 2021
Place of incorporation and operation1	Bermuda		Germany		Spain		Canada
Principal Activity	Iron and steel manufacturing		Steel manufacturing 3		Steel manufacturing 4		Extraction of iron ore 5
Ownership and voting rights at December 31, 2021	37.00	%	33.43	%	35.00	%	25.23	%
Current assets	4,636		1,364		2,840		479		9,319
Non-current assets	2,978		2,668		1,797		10,790		18,233
Current liabilities	3,571		472		1,568		477		6,088
Non-current liabilities	533		1,107		716		3,365		5,721
Non-controlling interests	88		103		415		—		606
Net assets attributable to equity holders of the parent	3,422		2,350		1,938		7,427		15,137
Company's share of net assets	1,266		786		678		1,874		4,604
Adjustments for differences in accounting policies and other	—		55		(47)		(1,488)		(1,480)
Other adjustments2	66		(191)		(14)		—		(139)
Carrying amount in the statements of financial position	1,332		650		617		386		2,985
Revenue	3,863		2,011		4,465		676		11,015
Income / (loss) from continuing operations	250		(44)		197		(45)		358
Other comprehensive income (loss)	—		7		33		—		40
Total comprehensive income (loss)	250		(37)		230		(45)		398
Cash dividends received by the Company	36		—		17		—		53

1.The country of incorporation corresponds to the country of operation except for China Oriental whose country of operation is China.

2.Other adjustments correspond to the difference between the carrying amount at December 31, 2021 and the net assets situation corresponding to the latest financial statements ArcelorMittal is permitted to disclose as of the reporting dates described in the table above. For the year ended December 31, 2020, the Company recognized a 211 impairment loss with respect to its investment in DHS.

3.The amount for DHS Group includes an adjustment to align the German GAAP financial information with the Company’s accounting policies and is mainly linked to property, plant and equipment, inventory and pension.

4.Adjustments in Gonvarri Steel Industries primarily relate to differences in accounting policies regarding revaluation of fixed assets.

5.Adjustments in Baffinland primarily relate to differences in accounting policies regarding revaluation of fixed assets and locally recognized goodwill. In September 2020, following a legal reorganization that was not a business combination for the Company, its share of provisional fair value remeasurement of 1.5 billion was not recognized in the carrying amount of Baffinland.

6.Following a legal reorganization in September 2020, the Company holds an indirect interest in Baffinland through Nunavut Iron Ore Inc.

	December 31, 2020
Associates	China Oriental		DHS Group		Gonvarri Steel Industries		Baffinland 6		Total
Financial statements reporting date	June 30, 2020		September 30, 2020		September 30, 2020		December 31, 2020
Place of incorporation and operation1	Bermuda		Germany		Spain		Canada
Principal Activity	Iron and steel manufacturing		Steel manufacturing 3		Steel manufacturing 4		Extraction of iron ore 5
Ownership and voting rights at December 31, 2020	37.02	%	33.43	%	35.00	%	25.23	%
Current assets	3,611		1,330		2,233		538		7,712
Non-current assets	2,507		2,810		1,675		8,295		15,287
Current liabilities	2,780		364		1,087		479		4,710
Non-current liabilities	454		1,165		772		1,050		3,441
Non-controlling interests	46		112		288		1		447
Net assets attributable to equity holders of the parent	2,838		2,499		1,761		7,303		14,401
Company's share of net assets	1,050		835		616		1,843		4,344
Adjustments for differences in accounting policies and other	—		38		(49)		(1,456)		(1,467)
Other adjustments 2	112		(201)		59		—		(30)
Carrying amount in the statements of financial position	1,162		672		626		387		2,847
Revenue	2,420		1,428		3,065		772		7,685
Net income (loss)	112		(244)		86		73		27
Other comprehensive income (loss)	16		(5)		(67)		—		(56)
Total comprehensive income (loss)	128		(249)		19		73		(29)
Cash dividends received by the Company	28		—		15		—		43

1.The country of incorporation corresponds to the country of operation except for China Oriental whose country of operation is China.

2.Other adjustments correspond to the difference between the carrying amount at December 31, 2020 and the net assets situation corresponding to the latest financial statements ArcelorMittal is permitted to disclose as of the reporting dates described in the table above. For the year ended December 31, 2020, the Company recognized a 211 impairment loss with respect to its investment in DHS.

3.The amount for DHS Group includes an adjustment to align the German GAAP financial information with the Company’s accounting policies, and is mainly linked to property, plant and equipment, inventory and pension.

4.Adjustments in Gonvarri Steel Industries primarily relate to differences in accounting policies regarding revaluation of fixed assets.

5.Adjustments in Baffinland primarily relate to differences in accounting policies regarding revaluation of fixed assets and locally recognized goodwill. In September 2020, following a legal reorganization that was not a business combination for the Company, its share of provisional fair value remeasurement of 1.5 billion was not recognized in the carrying amount of Baffinland.

6.Following a legal reorganization in September 2020, the Company holds an indirect interest in Baffinland through Nunavut Iron Ore Inc. The summarized statement of comprehensive income presents full year result for Baffinland (direct owner and operator of Mary River project).

Other Associates and Joint Ventures that are Not Individually Material

The following table summarizes the financial information of all individually immaterial joint ventures and associates that are accounted for using the equity method:

	December 31, 2022			December 31, 2021
	Associates	Joint Ventures	Total	Associates	Joint Ventures	Total
Carrying amount of interests in associates and joint ventures	422	911	1,333	383	864	1,247
Share of:
Income from continuing operations	79	239	318	77	386	463
Other comprehensive income (loss)	2	5	7	(4)	—	(4)
Total comprehensive income (loss)	81	244	325	73	386	459

Other Investments

Other investments include the following:

	December 31,
	2022	2021
Erdemir	910	885
ArcelorMittal XCarb	76	83
Stalprodukt S.A.	58	77
Others	75	101
Investments in equity instruments at FVOCI	1,119	1,146

Income (Loss) from Investments in Associates, Joint Ventures and Other Investments

Income (loss) from investments in associates, joint ventures and other investments consisted of the following:

	Year ended December 31,
	2022	2021	2020
Share in net earnings of equity-accounted companies	1,193	2,091	430
Impairment charges	—	—	(211)
Gain (loss) on disposal	—	16	—
Dividend income 1	124	97	15
Total	1,317	2,204	234

1.Mainly 117, 89 and 12 dividend income from Erdemir in 2022, 2021 and 2020, respectively.