XML 324 R39.htm IDEA: XBRL DOCUMENT v3.25.0.1

SEGMENT INFORMATION (Tables)

12 Months Ended

Dec. 31, 2024

Segment Reporting [Abstract]

Segment, Reconciliation of Other Items from Segments to Consolidated

		2024					2023					2022
(in millions of U.S. dollar)		A&T	P&ARP	AS&I	H&C		A&T	P&ARP	AS&I	H&C		A&T	P&ARP	AS&I	H&C
Segment revenue		1,816	4,196	1,432	6		1,868	4,214	1,762	21		1,786	4,900	1,955	—
Inter-segment elimination		(73)	(13)	(29)	—		(15)	(21)	(3)	—		(58)	(9)	(42)	—
External revenue		1,743	4,183	1,403	6		1,853	4,193	1,759	21		1,728	4,891	1,913	—
Cost of metal		(747)	(2,890)	(778)	8		(821)	(2,839)	(959)	(9)		(886)	(3,623)	(1,152)	7
Production costs		(618)	(946)	(461)	(7)		(583)	(939)	(572)	(7)		(524)	(841)	(526)	(2)
Other segment expenses (A)		(93)	(105)	(90)	(40)		(98)	(110)	(99)	(36)		(90)	(99)	(92)	(26)
Segment adjusted EBITDA		285	242	74	(33)		351	305	129	(31)		228	328	143	(21)

(A) Other segment expenses includes primarily selling, general administrative expenses and research and development expenses.

		Year ended December 31,
(in millions of U.S. dollar)		2024		2023		2022
A&T		(99)		(103)		(77)
P&ARP		(221)		(181)		(134)
AS&I		(74)		(75)		(67)
H&C		(7)		(6)		(6)
Total capital expenditures (A)		(401)		(365)		(284)

(A)Purchase of Property plant and equipment, net of grant received and insurance compensation related to Property plant and equipment.

		Year ended December 31,
(in millions of U.S. dollar)		2024		2023		2022
A&T		(75)		(72)		(67)
P&ARP		(166)		(156)		(150)
AS&I		(82)		(89)		(84)
H&C		(5)		(5)		(5)
Total depreciation, amortization and impairment expense		(328)		(322)		(306)

Schedule of Segment Revenue, Segment Costs and Segment Adjusted EBITDA

				Year ended December 31,
(in millions of U.S. dollar)		Notes		2024		2023		2022
A&T				285		351		228
P&ARP				242		305		328
AS&I				74		129		143
H&C				(33)		(31)		(21)
Segment Adjusted EBITDA				568		754		678
Metal price lag (A)				55		(92)		(31)
Depreciation and amortization		11, 13		(304)		(300)		(290)
Impairment of assets (B)		5		(24)		(22)		(16)
Share based compensation costs		22		(25)		(22)		(18)
Pension and other post-employment benefits - non operating gains		5, 17		11		14		2
Restructuring costs (C)		5		(11)		—		(1)
Unrealized losses on derivatives		5		(1)		(3)		(48)
Unrealized exchange gains / (losses) from the remeasurement of monetary assets and liabilities – net		5		1		(2)		(2)
(Losses) / gains on disposal (D)		5		(4)		41		(5)
Other (E)				2		(1)		—
Expenses on factoring arrangements		9		(22)		(24)		(16)
Finance costs - net		6		(111)		(111)		(103)
Income before tax				135		232		150
Income tax (expense) / benefit		7		(75)		(75)		165
Net income				60		157		315

(A)Metal price lag represents the financial impact of the timing difference between when aluminum prices included within Constellium's

Revenue are established and when aluminum purchase prices included in Cost of sales are established. The metal price lag will

generally increase our earnings in times of rising primary aluminum prices and decrease our earnings in times of declining primary

aluminum prices. The calculation of metal price lag adjustment is based on a standardized methodology applied at each of

Constellium’s manufacturing sites. Metal price lag is calculated as the average value of product purchased in the period, approximated

at the market price, less the value of product in inventory at the weighted average of metal purchased over time, multiplied by the

quantity sold in the period.

(B)For the years ended December 31, 2024, 2023 and 2022, impairment related to property, plant and equipment in our Valais operations.

(C)For the year ended December 31, 2024, restructuring costs were related to cost reduction programs in the United States and in Europe.

(D)For the year ended December 31, 2023, gains and losses on disposals net of transaction costs included a $3 million loss related to the

sale of Constellium Ussel S.A.S. which was completed on February 2, 2023 and a $47 million gain related to the sale of Constellium

Extrusions Deutschland GmbH which was completed on September 29, 2023 (See Note 23 - Acquisition and disposal of subsidiaries).

(E)For the year ended December 31, 2024, other was related to $45 million of insurance proceeds and $43 million of losses resulting from

flooding in the Valais facilities at the end of June 2024, $4 million of insurance proceeds related to assets damaged in 2021 and $3

million of gains recognized upon the reevaluation of previously held non-controlling interests of Railtech See Note 23 - Acquisition and

disposal of subsidiaries), as well as $6 million of costs associated with non-recurring corporate transformation projects.

Reconciliation of Assets from Segment to Consolidated

		At December 31,
(in millions of U.S. dollar)		2024		2023
A&T		1,172		1,201
P&ARP		2,118		2,045
AS&I		651		736
H&C		313		347
Segment assets		4,254		4,329
Deferred income tax assets		311		337
Cash and cash equivalents		141		223
Fair value of derivatives instruments and other financial assets		28		44
Total assets		4,734		4,933

X

- Definition

Tabular disclosure of all significant reconciling items in the reconciliation of total assets from reportable segments to the entity's consolidated assets.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 31
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-31

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 30
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-30

+ Details

Name:	us-gaap_ReconciliationOfAssetsFromSegmentToConsolidatedTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of reconciliation of other items from reportable segments to their consolidated amount. Excludes reconciliation of revenue, profit (loss), and assets.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 31
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-31

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 30
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-30

+ Details

Name:	us-gaap_ReconciliationOfOtherSignificantReconcilingItemsFromSegmentsToConsolidatedTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 25
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-25

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 22
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-22

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 30
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-30

+ Details

Name:	us-gaap_ScheduleOfSegmentReportingInformationBySegmentTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- References

No definition available.

+ Details

Name:	us-gaap_SegmentReportingAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration