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FINANCE COSTS - NET
 3 Months Ended
Mar. 31, 2025
Other Income and Expenses [Abstract]  
FINANCE COSTS - NET
NOTE 5 - FINANCE COSTS - NET
Three months ended March 31,
(in millions of U.S. dollar)Notes20252024
Interest expense on borrowings (A)(25)(25)
Interest cost on pension and other long-term benefits 13(2)(2)
Realized and unrealized losses on debt derivatives at fair value (B)12(9)(1)
Realized and unrealized exchange gains on financing activities - net (B)101
Other finance expenses (2)(1)
Capitalized borrowing costs (C)11
Finance expenses (27)(27)
Finance costs - net (27)(27)
(A)For the three months ended March 31, 2025, interest expense on borrowings included $22 million of interest expenses related to Constellium SE Senior Notes including amortization of arrangement fees. For the three months ended March 31, 2024, it included $21 million of interest expense related to Constellium SE Senior Notes including amortization of arrangement fees.
(B)     The Group hedges the currency exposure when using external funding sources in a currency different from the functional currency of the entities being funded. Changes in the fair value of these hedging derivatives are recognized within Finance costs – net in the Interim Consolidated Income Statement.
(C)     Borrowing costs directly attributable to the construction of assets are capitalized. The capitalization rate was 5% for the three months ended March 31, 2025 and 2024.