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FINANCE COSTS - NET
 9 Months Ended
Sep. 30, 2025
Other Income and Expenses [Abstract]  
FINANCE COSTS - NET
NOTE 5 - FINANCE COSTS - NET
Three months ended September 30,Nine months ended September 30,
(in millions of U.S. dollars)Notes2025202420252024
Interest expense on borrowings (A)(27)(25)(77)(72)
Interest expense on finance leases ——(1)(1)
Interest cost on pension and other long-term benefits 13(1)(2)(5)(7)
Net loss on settlement of debt (B)—(3)—(3)
Realized and unrealized gains/(losses) on debt derivatives at fair value (C)121(3)(25)(4)
Realized and unrealized exchange gains on financing activities - net (C)13294
Other finance expenses (2)(2)(7)(4)
Capitalized borrowing costs (D)1134
Finance expenses (27)(31)(83)(83)
Finance costs - net (27)(31)(83)(83)
(A)For the three months ended September 30, 2025, and 2024, interest expense on borrowings included $23 million of interest expenses related to Constellium SE Senior Notes including amortization of debt issuance costs, in each period. For the nine months ended September 30, 2025, and 2024, interest expense on borrowings included $67 million and $66 million of interest expenses related to Constellium SE Senior Notes including amortization of debt issuance costs, respectively.
(B)In August 2024, Constellium SE redeemed its $250 million 5.875% Senior Notes due 2026 and €400 million 4.250% Senior Notes due 2026. The net loss on the settlement of debt included $3 million of write‐off of unamortized issuance costs related to the redemption of our Senior Notes that were due in 2026.
(C)     The Group hedges the currency exposure when using external funding sources in a currency other than 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.
(D)     Borrowing costs directly attributable to the construction of assets are capitalized. The capitalization rate was 5% for the three and nine months ended September 30, 2025, and 2024.