XML 145 R118.htm IDEA: XBRL DOCUMENT v3.21.1
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