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Consolidated Income Statement - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
Operations      
Net operating revenue $ 40,018 $ 37,570 $ 36,575
Cost of goods sold and services rendered (19,039) (21,187) (22,109)
Gross profit 20,979 16,383 14,466
Operating expenses      
Selling and administrative expenses (554) (487) (523)
Research and evaluation expenses (443) (443) (373)
Pre-operating and operational stoppage (887) (1,153) (271)
Brumadinho event (5,257) (7,402)  
Other operating expenses, net (752) (505) (445)
Total (7,893) (9,990) (1,612)
Impairment and disposal of non-current assets (2,243) (5,074) (899)
Operating income 10,843 1,319 11,955
Financial income 375 527 423
Financial expenses (3,283) (3,746) (2,314)
Other financial items, net (1,903) (194) (3,066)
Equity results and other results in associates and joint ventures (1,063) (681) (182)
Income (loss) before income taxes 4,969 (2,775) 6,816
Income taxes      
Current tax (3,398) (1,522) (752)
Deferred tax 2,960 2,117 924
Total (438) 595 172
Net income (loss) from continuing operations 4,531 (2,180) 6,988
Net income (loss) attributable to noncontrolling interests (350) (497) 36
Net income (loss) from continuing operations attributable to Vale's stockholders 4,881 (1,683) 6,952
Discontinued operations      
Loss from discontinued operations     (92)
Loss from discontinued operations attributable to Vale's stockholders     (92)
Net income (loss) 4,531 (2,180) 6,896
Net income (loss) attributable to noncontrolling interests (350) (497) 36
Net income (loss) attributable to Vale's stockholders $ 4,881 $ (1,683) $ 6,860
Common share      
Basic and diluted earnings (loss) per share:      
Common share (US$) $ 0.95 $ (0.33) $ 1.32