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SEGMENT AND GEOGRAPHIC INFORMATION (Tables)
 6 Months Ended
Jun. 30, 2022
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, 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 
Six months ended June 30, 2021
Sales to external customers5,755 4,861 19,990 4,170 751 9 — 35,536 
Intersegment sales**23 937 37 726 1,317 7 (3,047)— 
Operating income (loss)936 1,742 1,861 1,458 1,287 (126)(85)7,073 
Depreciation and amortization142 109 615 220 115 20 — 1,221 
Capital expenditures147 139 578 214 97 16 (3)1,188 
*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,
20222021
Operating income 8,927 7,073 
Income from investments in associates, joint ventures and other investments1,137 1,043 
Financing costs - net(427)(594)
Income before taxes9,637 7,522 
Income tax expense(1,381)(946)
Net income (including non-controlling interests)8,256 6,576 
Schedule of geographical areas
Sales (by destination)
Six months ended June 30,
20222021
Americas
United States4,768 3,342 
Brazil4,545 3,971 
Canada2,281 1,844 
Mexico1,463 1,151 
Argentina856 598 
Others Americas960 749 
Total Americas14,873 11,655 
Europe
Germany4,236 3,019 
France3,288 2,489 
Poland3,399 2,328 
Spain2,665 2,041 
Italy2,396 2,667 
Turkey685 669 
Czech Republic848 598 
United Kingdom952 728 
Belgium1,071 877 
Russia420 863 
Netherlands1,046 628 
Romania312 228 
Ukraine275 394 
Others Europe3,499 2,200 
Total Europe25,092 19,729 
Asia & Africa
South Africa1,308 1,202 
Morocco416 325 
Egypt76 26 
Rest of Africa289 456 
China345 397 
Kazakhstan370 370 
South Korea240 264 
India47 91 
Rest of Asia922 1,021 
Total Asia & Africa4,013 4,152 
Total43,978 35,536 
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,
20222021
Flat products25,208 19,418 
Long products9,682 8,380 
Tubular products1,477 1,045 
Mining products837 839 
Others6,774 5,854 
Total43,978 35,536 
Schedule of disaggregation of revenue
The tables below summarize the disaggregated revenue recognized from contracts with customers for the six months ended June 30, 2022 and 2021, respectively:
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 
Six months ended June 30, 2021NAFTABrazilEuropeACISMiningOthersTotal
Steel sales5,594 4,588 17,874 3,470 — — 31,526 
Non-steel sales 1
1 91 861 490 740 — 2,183 
By-product sales 2
43 52 439 67 — — 601 
Other sales 3
117 130 816 143 11 9 1,226 
Total5,755 4,861 19,990 4,170 751 9 35,536 
1.Non-steel sales mainly relate to iron ore, coal, scrap and electricity;
2.By-products sales mainly relate to slag, waste and coke by-products;
3.Other sales are mainly comprised of shipping and other services.