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Financial and capital risk management - Effects of derivatives on the income statement, cash flow and other comprehensive income (Details) € in Millions, $ in Millions | 12 Months Ended |
--- | --- | ---
Dec. 31, 2020 USD ($) | Dec. 31, 2019 USD ($) | Dec. 31, 2018 USD ($) | Dec. 31, 2020 EUR (€) | Dec. 31, 2020 USD ($)
Financial instruments classification |  |  |  |  |
Financial settlement inflows (outflows) | $ (34) | $ (324) | $ (67) |  |
Net investments hedge |  |  |  |  |
Financial instruments classification |  |  |  |  |
Gain recognized in other comprehensive income | (2,786) | (392) | (543) |  |
Put options - Nickel Revenue Hedging - Bought |  |  |  |  |
Financial instruments classification |  |  |  |  |
Financial settlement inflows (outflows) | 292 |  |  |  |
Cash flow hedge (Nickel and Palladium) |  |  |  |  |
Financial instruments classification |  |  |  |  |
Financial settlement inflows (outflows) | 292 |  |  |  |
Gain recognized in other comprehensive income | (104) | 150 |  |  |
Derivatives not designated as hedge |  |  |  |  |
Financial instruments classification |  |  |  |  |
Gain (loss) recognized in the income statement | (1,210) | 244 | (266) |  |
Derivatives not designated as hedge | Others |  |  |  |  |
Financial instruments classification |  |  |  |  |
Gain (loss) recognized in the income statement | 61 | 102 | 32 |  |
Financial settlement inflows (outflows) | 68 | 21 | (3) |  |
Derivatives not designated as hedge | Foreign exchange and interest rate risk |  |  |  |  |
Financial instruments classification |  |  |  |  |
Gain (loss) recognized in the income statement | (1,147) | 42 | (279) |  |
Financial settlement inflows (outflows) | (196) | (406) | (121) |  |
Derivatives not designated as hedge | Foreign exchange and interest rate risk | CDI & TJLP vs. US$ fixed and floating rate swap |  |  |  |  |
Financial instruments classification |  |  |  |  |
Gain (loss) recognized in the income statement | (746) | (39) | (206) |  |
Financial settlement inflows (outflows) | (141) | (381) | (135) |  |
Derivatives not designated as hedge | Foreign exchange and interest rate risk | IPCA swap |  |  |  |  |
Financial instruments classification |  |  |  |  |
Gain (loss) recognized in the income statement | (262) | 118 | (23) |  |
Financial settlement inflows (outflows) |  | (28) | 7 |  |
Derivatives not designated as hedge | Foreign exchange and interest rate risk | Eurobonds Swap |  |  |  |  |
Financial instruments classification |  |  |  |  |
Gain (loss) recognized in the income statement | 28 | (39) | (27) |  |
Financial settlement inflows (outflows) | (6) | (5) | (3) |  |
Derivatives not designated as hedge | Foreign exchange and interest rate risk | Euro forward |  |  |  |  |
Financial instruments classification |  |  |  |  |
Gain (loss) recognized in the income statement | (160) | 2 | (23) |  |
Derivatives not designated as hedge | Foreign exchange and interest rate risk | Pre-dollar swap |  |  |  |  |
Financial instruments classification |  |  |  |  |
Gain (loss) recognized in the income statement | (7) |  |  |  |
Financial settlement inflows (outflows) | (49) | 8 | 10 |  |
Derivatives not designated as hedge | Commodities price risk |  |  |  |  |
Financial instruments classification |  |  |  |  |
Gain (loss) recognized in the income statement | (124) | 100 | (19) |  |
Financial settlement inflows (outflows) | (198) | 50 | 57 |  |
Derivatives not designated as hedge | Commodities price risk | Nickel |  |  |  |  |
Financial instruments classification |  |  |  |  |
Gain (loss) recognized in the income statement | 10 | 58 | (25) |  |
Derivatives not designated as hedge | Commodities price risk | Base metals products |  |  |  |  |
Financial instruments classification |  |  |  |  |
Financial settlement inflows (outflows) | 8 | 48 | 8 |  |
Derivatives not designated as hedge | Commodities price risk | Gasoil Brent and Freight |  |  |  |  |
Financial instruments classification |  |  |  |  |
Gain (loss) recognized in the income statement | (134) | 42 | 6 |  |
Financial settlement inflows (outflows) | (206) | 2 | 49 |  |
Derivatives designated as cash flow hedge |  |  |  |  |
Financial instruments classification |  |  |  |  |
Financial settlement inflows (outflows) | 292 | 11 |  |  |
Derivatives designated as cash flow hedge | Nickel |  |  |  |  |
Financial instruments classification |  |  |  |  |
Financial settlement inflows (outflows) | 292 | 11 |  |  |
Derivatives designated as cash flow hedge | Others |  |  |  |  |
Financial instruments classification |  |  |  |  |
Gain (loss) recognized in the income statement | $ 61 | $ 102 | $ 32 |  |
Vale S.A. International | Designated hedge |  |  |  |  |
Financial instruments classification |  |  |  |  |
Financial instruments designated as hedging instruments, at fair value |  |  |  |  | $ 2,168
Vale Holding BV | Designated hedge |  |  |  |  |
Financial instruments classification |  |  |  |  |
Financial instruments designated as hedging instruments, at fair value | € |  |  |  | € 750 |

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