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Consolidated Statement of Cash Flows - USD ($)
$ in Millions
 3 Months Ended 6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Jun. 30, 2021
Jun. 30, 2020
Consolidated Statement of Cash Flows        
Cash flow from operations (a) $ 9,277 $ 2,111 $ 17,950 $ 4,116
Interest on loans and borrowings paid (138) (168) (426) (412)
Cash received (paid) on settlement of Derivatives, net 60 (114) (139) 159
Interest on participative stockholders' debentures paid (193) (95) (193) (95)
Income taxes (including settlement program) (1,280) (398) (2,444) (747)
Net cash provided by operating activities 7,726 1,336 14,748 3,021
Cash flow from investing activities:        
Capital expenditures (1,139) (967) (2,148) (2,091)
Additions to investments     (42) (75)
Acquisition of subsidiary, net of cash (2,345)   (2,345)  
Cash paid on the disposal of VNC (note 12)     (555)  
Dividends received from associates and joint ventures 43 77 43 77
Short-term investment (LFTs) 543 449 (173) 630
Investment fund applications   (96)   (96)
Others investments activities, net (189) (133) (213) (186)
Net cash provided by (used in) investing activities (3,087) (670) (5,433) (1,741)
Cash flow from financing activities:        
Loans and borrowings from third-parties 10   300 5,000
Payments of loans and borrowings from third-parties (179) (116) (1,412) (491)
Payments of leasing (49) (49) (104) (99)
Dividends and interest on capital paid to stockholders (2,208)   (6,092)  
Dividends and interest on capital paid to noncontrolling interest (3) (5) (6) (8)
Share buyback program (2,004)   (2,004)  
Net cash used in financing activities (4,433) (170) (9,318) 4,402
Increase in cash and cash equivalents 206 496 (3) 5,682
Cash and cash equivalents in the beginning of the year 12,883 11,788 13,487 7,350
Effect of exchange rate changes on cash and cash equivalents 560 (171) 165 (919)
Cash and cash equivalents at end of the year 13,649 12,113 13,649 12,113
Non-cash transactions:        
Additions to property, plant and equipment - capitalized loans and borrowing costs 14 12 30 44
Cash flow from operating activities:        
Income (loss) before income taxes 9,610 1,064 16,897 576
Adjusted for:        
Provisions related to Brumadinho event   21   21
Equity results and other results in associates and joint ventures 454 535 470 701
Impairment and disposal of non-current assets 432 403 593 432
Depreciation, depletion and amortization 849 807 1,580 1,622
Financial results (350) 485 (273) 2,770
Changes in assets and liabilities:        
Accounts receivable (1,105) (922) 296 (301)
Inventories (188) (125) (362) (352)
Suppliers and contractors [1] 291 108 35 (566)
Provision - Payroll, related charges and others remunerations 82 115 (207) (93)
Payments related to Brumadinho event [2] (303) (155) (452) (371)
Other assets and liabilities, net (495) (225) (627) (323)
Cash flow from operations (a) $ 9,277 $ 2,111 $ 17,950 $ 4,116
[1] Includes variable lease payments.
[2] In addition, the Company has incurred in expenses in the amount of US$185 and US$300 for the three and six-month periods ended June 30, 2021, respectively (US$109 and US$268 for the three and six-month periods ended June 30, 2020).