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Consolidated Income Statement - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Continuing operations      
Net operating revenue $ 54,502 $ 39,545 $ 36,549
Cost of goods sold and services rendered (21,729) (17,564) (19,312)
Gross profit 32,773 21,981 17,237
Operating expenses      
Selling and administrative (481) (491) (474)
Research and development (549) (415) (413)
Pre-operating and operational stoppage (648) (887) (1,153)
Brumadinho event and de-characterization of dams (2,576) (5,257) (7,402)
Other operating expenses, net (400) (800) (519)
Total (4,654) (7,850) (9,961)
Impairment and disposal of non-current assets (426) (1,308) (3,383)
Operating income 27,693 12,823 3,893
Financial income 337 307 453
Financial expenses (1,653) (3,191) (3,684)
Other financial items, net 4,435 (1,929) (162)
Equity results and other results in associates and joint ventures (1,271) (1,020) (656)
Income (loss) before income taxes 29,541 6,990 (156)
Income taxes      
Current tax (5,663) (3,398) (1,522)
Deferred tax 966 2,663 2,117
Total (4,697) (735) 595
Net income from continuing operations 24,844 6,255 439
Net income (loss) attributable to noncontrolling interests 108 (3) 115
Net income from continuing operations attributable to Vale's stockholders 24,736 6,258 324
Discontinued operations      
Loss from discontinued operations (2,376) (1,724) (2,619)
Loss attributable to noncontrolling interests (85) (347) (612)
Loss from discontinued operations attributable to Vale's stockholders (2,291) (1,377) (2,007)
Net income (loss) 22,468 4,531 (2,180)
Net income (loss) attributable to noncontrolling interests 23 (350) (497)
Net income (loss) attributable to Vale's stockholders 22,445 4,881 (1,683)
Ferrous minerals      
Continuing operations      
Net operating revenue $ 46,302 $ 32,078 $ 30,005
Common share      
Basic and diluted earnings (loss) per share attributable to Vale's stockholders:      
Common share, Basic $ 4.47 $ 0.95 $ (0.33)
Common share, Diluted $ 4.47 $ 0.95 $ (0.33)