XML 180 R124.htm IDEA: XBRL DOCUMENT v3.22.1
Financial and capital risk management - Effects of derivatives on statement of financial position and Net exposure (Details) - USD ($)
$ in Millions
 12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Financial instruments classification    
Current assets $ 111 $ 134
Non-current assets 20 66
Current liabilities 243 328
Non-current liabilities 592 689
Derivative financial assets (liabilities) $ (704) (817)
Percentage of risk estimate 95.00%  
Derivatives not designated as hedge    
Financial instruments classification    
Current assets $ 111 134
Non-current assets 20 66
Current liabilities 243 328
Non-current liabilities 592 689
Derivatives not designated as hedge | Others    
Financial instruments classification    
Current assets 13  
Non-current assets   16
Derivative financial assets (liabilities) 13 (2)
Derivatives not designated as hedge | Foreign exchange and interest rate risk    
Financial instruments classification    
Current assets 62 7
Non-current assets 20 50
Current liabilities 214 251
Non-current liabilities 592 689
Derivative financial assets (liabilities) (724) (883)
Derivatives not designated as hedge | Foreign exchange and interest rate risk | CDI & TJLP vs. USD fixed and floating rate swap    
Financial instruments classification    
Current liabilities 151 111
Non-current liabilities 440 525
Derivative financial assets (liabilities) (591) (636)
Derivatives not designated as hedge | Foreign exchange and interest rate risk | IPCA swap    
Financial instruments classification    
Current assets 41 7
Non-current assets   38
Current liabilities 6 72
Non-current liabilities 113 100
Derivative financial assets (liabilities) (78) (127)
Derivatives not designated as hedge | Foreign exchange and interest rate risk | Eurobonds Swap    
Financial instruments classification    
Non-current assets   3
Current liabilities   4
Derivative financial assets (liabilities)   (1)
Derivatives not designated as hedge | Foreign exchange and interest rate risk | Pre dollar swap    
Financial instruments classification    
Current assets 20  
Non-current assets 9 9
Current liabilities 57 63
Non-current liabilities 38 58
Derivative financial assets (liabilities) (66) (112)
Derivatives not designated as hedge | Foreign exchange and interest rate risk | Libor swap    
Financial instruments classification    
Current assets 1  
Non-current assets 11  
Current liabilities   1
Non-current liabilities 1 6
Derivative financial assets (liabilities) 11 (7)
Derivatives not designated as hedge | Commodities price risk    
Financial instruments classification    
Current assets 36 127
Current liabilities 29 59
Derivative financial assets (liabilities) 7 68
Derivatives not designated as hedge | Commodities price risk | Base metals products    
Financial instruments classification    
Derivative financial assets (liabilities) 1 (16)
Derivatives not designated as hedge | Commodities price risk | Gasoil Brent and Freight    
Financial instruments classification    
Derivative financial assets (liabilities) 6 84
Derivatives not designated as hedge | Commodities price risk | Nickel    
Financial instruments classification    
Current assets 28 30
Current liabilities 27 46
Derivatives not designated as hedge | Commodities price risk | Bunker oil, Gasoil and Brent    
Financial instruments classification    
Current assets 8 97
Current liabilities 2 13
Derivatives not designated as hedge | Others    
Financial instruments classification    
Current assets 13  
Non-current assets   16
Current liabilities   18
Derivative financial assets (liabilities) $ 13 (2)
Derivatives not designated as hedge | Others | Others    
Financial instruments classification    
Current liabilities   $ 18