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OTHER GAINS AND LOSSES - NET (Tables)
 12 Months Ended
Dec. 31, 2024
Other Income and Expenses [Abstract]  
Schedule of other gains (losses)
Year ended December 31,
(in millions of U.S. dollar)
Notes
2024
2023
2022
Operating income and expenses
Realized gains / (losses) on derivatives (A)
12
(50)
(8)
Unrealized losses on derivatives at fair value through profit and
loss - net (A)
(1)
(3)
(48)
Unrealized exchange gains / (losses) from the remeasurement of
monetary assets and liabilities – net
1
(2)
(2)
Impairment of assets (B)
(24)
(22)
(16)
Restructuring costs (C)
(11)
—
(1)
(Losses) / gains on disposal (D)
(4)
41
(5)
Result from the flood in Valais (E)
2
—
—
Non-operating income and expenses
Expenses on factoring arrangements
9
(22)
(24)
(16)
Pension and other post-employment benefits 
17
11
14
2
Other (F)
10
3
4
Total other gains and losses - net
(26)
(43)
(90)
(A)Realized and unrealized gains and losses are related to derivatives entered into with the purpose of mitigating exposure to volatility in
foreign currencies and commodity prices and that do not qualify for hedge accounting.
(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)Includes $45 million of insurance proceeds and $43 million of clean-up costs and inventory impairment related to the flooding of our
facilities in Valais (Switzerland).
(F)For the year ended December 31, 2024, other included $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).