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SEGMENT AND GEOGRAPHIC INFORMATION (Tables)
 6 Months Ended
Jun. 30, 2023
Disclosure of operating segments [abstract]  
Schedule of segment reporting
The following table summarizes certain financial data relating to ArcelorMittal’s operations in its different reportable segments:
NAFTABrazilEuropeACISMiningOthers*EliminationTotal
Six months ended June 30, 2023
Sales to external customers6,783 5,876 21,212 2,698 530 8 — 37,107 
Intersegment sales**65 1,018 209 136 1,054 5 (2,487)— 
Operating income (loss)1,117 876 933 (240)599 (185)17 3,117 
Depreciation and amortization253 177 603 145 112 20 — 1,310 
Capital expenditures237 382 701 223 372 101 (18)1,998 
Six months ended June 30, 2022
Sales to external customers7,385 6,291 26,377 3,189 727 9 — 43,978 
Intersegment sales**28 1,061 115 381 1,211 8 (2,804)— 
Operating income (loss)1,871 1,875 4,144 323 974 (136)(124)8,927 
Depreciation and amortization186 129 652 211 120 18 — 1,316 
Capital expenditures202 213 398 197 162 12 — 1,184 
*Others include all other operational and non-operational items which are not segmented, such as corporate and shared services, financial activities, and shipping and logistics.
**Transactions between segments are reported on the same basis of accounting as transactions with third parties.
Reconciliation of operating income to net income
The reconciliation from operating income to net income is as follows:
Six months ended June 30,
20232022
Operating income 3,117 8,927 
Income from investments in associates, joint ventures and other investments711 1,137 
Financing costs - net(361)(427)
Income before taxes3,467 9,637 
Income tax expense(420)(1,381)
Net income (including non-controlling interests)3,047 8,256 
Schedule of geographical areas
Sales (by destination)
Six months ended June 30,
20232022
Americas
United States4,807 4,768 
Brazil4,152 4,545 
Canada1,783 2,281 
Mexico1,683 1,463 
Argentina909 856 
Others Americas612 960 
Total Americas13,946 14,873 
Europe
Germany3,685 4,236 
France2,794 3,288 
Poland2,420 3,399 
Spain2,256 2,665 
Italy1,415 2,396 
Belgium1,133 1,071 
Netherlands806 1,046 
United Kingdom755 952 
Czech Republic681 848 
Turkey524 685 
Russia494 420 
Ukraine195 275 
Romania192 312 
Others Europe2,564 3,499 
Total Europe19,914 25,092 
Asia & Africa
South Africa974 1,308 
Morocco385 416 
Egypt22 76 
Rest of Africa284 289 
China364 345 
Kazakhstan298 370 
South Korea176 240 
India59 47 
Rest of Asia685 922 
Total Asia & Africa3,247 4,013 
Total37,107 43,978 
Schedule of products and services
The table below presents sales to external customers by product type. In addition to steel produced by the Company, amounts include material purchased for additional transformation and sold through distribution services. Others include mainly non-steel sales, manufactured and specialty steel products, and services.
Sales (by products)
Six months ended June 30,
20232022
Flat products20,738 25,208 
Long products7,834 9,682 
Tubular products1,220 1,477 
Mining products564 837 
Others6,751 6,774 
Total37,107 43,978 
Schedule of disaggregation of revenue
The tables below summarize the disaggregated revenue recognized from contracts with customers for the six months ended June 30, 2023 and 2022, respectively:
Six months ended June 30, 2023NAFTABrazilEuropeACISMiningOthersTotal
Steel sales6,223 5,487 18,526 2,206 — — 32,442 
Non-steel sales 1
313 79 1,060 258 516 — 2,226 
By-product sales 2
48 82 785 82 — — 997 
Other sales 3
199 228 841 152 14 8 1,442 
Total6,783 5,876 21,212 2,698 530 8 37,107 
Six months ended June 30, 2022NAFTABrazilEuropeACISMiningOthersTotal
Steel sales7,153 5,877 23,720 2,767 — — 39,517 
Non-steel sales 1
10 87 1,124 227 708 — 2,156 
By-product sales 2
64 67 641 84 — — 856 
Other sales 3
158 260 892 111 19 9 1,449 
Total7,385 6,291 26,377 3,189 727 9 43,978 
1.Non-steel sales mainly relate to iron ore, coal, scrap, electricity and hot briquetted iron (following the acquisition of ArcelorMittal Texas HBI on June 30, 2022);
2.By-products sales mainly relate to slag, waste and coke by-products;
3.Other sales are mainly comprised of shipping and other services.