v3.25.2
FINANCE COSTS - NET
 6 Months Ended
Jun. 30, 2025
Other Income and Expenses [Abstract]  
FINANCE COSTS - NET
NOTE 5 - FINANCE COSTS - NET
Three months ended June 30,Six months ended June 30,
(in millions of U.S. dollar)Notes2025202420252024
Interest expense on borrowings (A)(25)(22)(50)(47)
Interest expense on finance leases (1)(1)(1)(1)
Interest cost on pension and other long-term benefits 13(2)(3)(4)(5)
Realized and unrealized losses on debt derivatives at fair value (B)12(17)—(26)(1)
Realized and unrealized exchange gains on financing activities - net (B)18—281
Other finance expenses (3)(1)(5)(2)
Capitalized borrowing costs (C)1223
Finance expenses (29)(25)(56)(52)
Finance costs - net (29)(25)(56)(52)
(A)For the three months ended June 30, 2025, and 2024, interest expense on borrowings included $22 million and $21 million of interest expenses related to Constellium SE Senior Notes including amortization of debt issuance costs, respectively. For the six months ended June 30, 2025, and 2024, interest expense on borrowings included $44 million and $43 million of interest expenses related to Constellium SE Senior Notes including amortization of debt issuance costs, respectively.
(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 and six months ended June 30, 2025, and 2024.