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Consolidated Statement of Cash Flows - USD ($)
$ in Millions
 12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
Consolidated Statement of Cash Flows      
Cash flow from operations (a) $ 17,030 $ 15,623 $ 15,365
Interest on loans and borrowings paid (755) (1,186) (1,121)
Derivatives received (paid), net (34) (324) (67)
Interest on participative stockholders' debentures paid (183) (194) (148)
Income taxes (including settlement program) (1,736) (1,809) (1,128)
Net cash provided by operating activities 14,322 12,110 12,901
Cash flow from investing activities:      
Capital expenditures (4,430) (3,704) (3,784)
Additions to investments (131) (76) (23)
Acquisition of subsidiary, net of cash   (926)  
Proceeds from disposal of assets and investments 426 142 1,481
Dividends received from associates and joint ventures 173 353 245
Judicial deposits and restricted cash related to Brumadinho event (9) (1,638)  
Short-term investment (LFTs) 630 (828) (50)
Investment fund applications (824)    
Others investments activities, net [1] (504) (312) 2,290
Net cash provided by (used in) investing activities (4,669) (6,989) 159
Cash flow from financing activities:      
Loans and borrowings from third-parties 6,800 3,142 1,225
Payments of loans and borrowings from third-parties (6,064) (5,417) (7,841)
Payments of leasing (219) (224)  
Dividends and interest on capital paid to stockholders (3,350)   (3,313)
Dividends and interest on capital paid to noncontrolling interest (14) (184) (182)
Share buyback program     (1,000)
Transactions with noncontrolling stockholders 171 (812) (17)
Net cash used in financing activities (2,676) (3,495) (11,128)
Net cash used in discontinued operations     (46)
Increase in cash and cash equivalents 6,977 1,626 1,886
Cash and cash equivalents in the beginning of the year 7,350 5,784 5,784
Effect of exchange rate changes on cash and cash equivalents (825) (60) (313)
Effects of disposals of subsidiaries, net of cash and cash equivalents (15)   (117)
Cash and cash equivalents at end of the year 13,487 7,350 5,784
Non-cash transactions:      
Additions to property, plant and equipment - capitalized loans and borrowing costs 70 140 194
Cash flow from operating activities:      
Income (loss) before income taxes 4,969 (2,775) 6,816
Adjusted for:      
Provisions related to Brumadinho event 4,748 6,550  
Equity results and other results in associates and joint ventures 1,063 681 182
Impairment and disposal of non-current assets 2,243 5,074 899
Depreciation, depletion and amortization 3,234 3,726 3,351
Financial results, net 4,811 3,413 4,957
Changes in assets and liabilities:      
Accounts receivable (2,540) (25) (156)
Inventories (180) 110 (817)
Suppliers and contractors [2] (267) 655 (376)
Provision - Payroll, related charges and others remunerations 222 (94) (11)
Proceeds from streaming transactions     690
Payments related to Brumadinho event [3] (809) (989)  
Other assets and liabilities, net (464) (703) (170)
Cash flow from operations (a) $ 17,030 $ 15,623 $ 15,365
[1] Includes loans and advances from/to related parties. For the year ended December 31, 2018, includes proceeds received from Nacala project finance (note 29) in the amount of US$2,572.
[2] Includes variable lease payments.
[3] In addition, the Company has incurred in expenses in the amount of US$510 and US$730 for the year ended December 31, 2020 and 2019, respectively. Therefore, in 2020, the Company has disbursed a total amount of US$1,319 in relation to the Brumadinho event (2019: US$1,719).