XML 155 R99.htm IDEA: XBRL DOCUMENT v3.22.1
Investments in subsidiaries, associates and joint ventures - Guarantees provided (Details)
$ in Millions
1 Months Ended 12 Months Ended
Oct. 31, 2020
USD ($)
Jun. 30, 2020
Dec. 31, 2019
USD ($)
segment
Aug. 31, 2019
USD ($)
Jan. 31, 2019
USD ($)
Dec. 31, 2021
USD ($)
Dec. 31, 2020
USD ($)
Dec. 31, 2019
USD ($)
Investments in associates and joint ventures                
Ownership interest in associate (as a percent)   14.90%            
% Voting capital   44.30%            
Investments in associates and joint ventures           $ 1,751 $ 2,031  
Investments in equity securities - Non-Current     $ 2,798     1,751 2,031 $ 2,798
Equity results in income statement           494 (76) 253
Dividends received           190 173 353
Financial liabilities           4,796 5,307  
Investment classified as held for sale and impairment           (377)    
Non-controlling interests           $ 834 $ (923)  
Sumitomo Metal Mining Co., Ltd                
Investments in associates and joint ventures                
Ownership interest in associate (as a percent)   20.00%            
% Voting capital   15.00%            
PT Indonesia Asahan Aluminium                
Investments in associates and joint ventures                
% Voting capital   59.30%            
Cash consideration $ 278              
Non-controlling interests $ 179              
Divestment agreement PTVI                
Investments in associates and joint ventures                
Ownership interest in associate (as a percent)   5.10%            
Minimum                
Investments in associates and joint ventures                
% Voting capital           20.00%    
Maximum                
Investments in associates and joint ventures                
% Voting capital           50.00%    
VLI                
Investments in associates and joint ventures                
Ownership interest in associate (as a percent)             8.00%  
Gain from sale of interest in associate             $ 172  
Associates                
Investments in associates and joint ventures                
Notional amount           $ 1,513 1,557  
Joint ventures                
Investments in associates and joint ventures                
% Voting capital 50.00%              
Financial liabilities           542 877  
Joint ventures | Minimum                
Investments in associates and joint ventures                
Capital contribution $ 110              
Joint ventures | Maximum                
Investments in associates and joint ventures                
Capital contribution $ 160              
Ferrous Resources Limited                
Investments in associates and joint ventures                
% Voting capital       100.00%        
Cash consideration       $ 525        
New Steel Global N.v                
Investments in associates and joint ventures                
Ownership interest in joint venture (as a percent)         100.00%      
Cash consideration         $ 496      
Henan Longyu Energy Resources Co., Ltd.                
Investments in associates and joint ventures                
Gain from sale of interest in associate     $ 116          
Henan Longyu Energy Resources Co., Ltd. | Henan Longyu Energy Resources Co., Ltd.                
Investments in associates and joint ventures                
% Voting capital     25.00%          
Cash consideration     $ 156         156
Number of Coal Mines the Entity Operates | segment     2          
Investment classified as held for sale and impairment     $ 163          
Ferrous minerals                
Investments in associates and joint ventures                
Investments in associates and joint ventures           1,113 1,154  
Equity results in income statement           166 50 254
Dividends received           $ 81 140 296
Ferrous minerals | VLI                
Investments in associates and joint ventures                
Ownership interest in associate (as a percent)           29.60%    
% Voting capital           29.60%    
Investments in associates and joint ventures           $ 408 480  
Equity results in income statement           $ (40) (22) 1
Dividends received             2 9
Ferrous minerals | Baovale Mineracao S.A                
Investments in associates and joint ventures                
Ownership interest in joint venture (as a percent)           50.00%    
% Voting capital           50.00%    
Investments in associates and joint ventures           $ 21 20  
Equity results in income statement           4 1 4
Dividends received           $ 1    
Ferrous minerals | Companhia Coreano-Brasileira de Pelotizacao                
Investments in associates and joint ventures                
Ownership interest in joint venture (as a percent)           50.00%    
% Voting capital           50.00%    
Investments in associates and joint ventures           $ 51 48  
Equity results in income statement           46 8 48
Dividends received           $ 33 34 62
Ferrous minerals | Companhia Hispano-Brasileira de Pelotizacao                
Investments in associates and joint ventures                
Ownership interest in joint venture (as a percent)           50.89%    
% Voting capital           50.89%    
Investments in associates and joint ventures           $ 38 43  
Equity results in income statement           1 11 37
Dividends received           $ 7 27 50
Ferrous minerals | Companhia Italo-Brasileira de Pelotizacao                
Investments in associates and joint ventures                
Ownership interest in joint venture (as a percent)           50.90%    
% Voting capital           51.00%    
Investments in associates and joint ventures           $ 48 44  
Equity results in income statement           40 10 30
Dividends received           $ 23 23 54
Ferrous minerals | Companhia Nipo-Brasileira de Pelotizacao                
Investments in associates and joint ventures                
Ownership interest in joint venture (as a percent)           51.00%    
% Voting capital           51.11%    
Investments in associates and joint ventures           $ 129 121  
Equity results in income statement           40 8 84
Dividends received           $ 8 32 92
Ferrous minerals | MRS Logistica S.A.                
Investments in associates and joint ventures                
Ownership interest in associate (as a percent)           48.16%    
% Voting capital           46.75%    
Investments in associates and joint ventures           $ 418 398  
Equity results in income statement           75 34 50
Dividends received           $ 9 22 29
Ferrous minerals | Samarco Mineracao S.A.                
Investments in associates and joint ventures                
Ownership interest in joint venture (as a percent)           50.00%    
% Voting capital           50.00%    
Base metals                
Investments in associates and joint ventures                
Investments in associates and joint ventures           $ 17 18  
Equity results in income statement           $ 1    
Base metals | Korea Nickel Corp                
Investments in associates and joint ventures                
Ownership interest in joint venture (as a percent)           25.00%    
% Voting capital           25.00%    
Investments in associates and joint ventures           $ 17 18  
Equity results in income statement           1    
Others                
Investments in associates and joint ventures                
Investments in associates and joint ventures           621 859  
Equity results in income statement           327 (126) (1)
Dividends received           $ 109 33 57
Others | Mineracao Rio Grande do Norte S.A.                
Investments in associates and joint ventures                
Ownership interest in joint venture (as a percent)           40.00%    
% Voting capital           40.00%    
Investments in associates and joint ventures             71  
Equity results in income statement           $ (5) (3) 15
Dividends received             9  
Others | Others                
Investments in associates and joint ventures                
Investments in associates and joint ventures           50 70  
Equity results in income statement           $ (1) (5) (5)
Others | Alianca Geracao de Energia S.A.                
Investments in associates and joint ventures                
Ownership interest in joint venture (as a percent)           55.00%    
% Voting capital           55.00%    
Investments in associates and joint ventures           $ 367 367  
Equity results in income statement           53 28 31
Dividends received           $ 25 24 28
Others | Alianca Norte Energia Participacoes S.A.                
Investments in associates and joint ventures                
Ownership interest in joint venture (as a percent)           51.00%    
% Voting capital           51.00%    
Investments in associates and joint ventures           $ 105 117  
Equity results in income statement           $ (4) (8) 4
Others | California Steel Industries, Inc                
Investments in associates and joint ventures                
Ownership interest in joint venture (as a percent)           50.00%    
% Voting capital           50.00%    
Investments in associates and joint ventures             234  
Equity results in income statement           $ 228 (7) 23
Dividends received           $ 84   29
Others | Companhia Siderurgica do Pecem                
Investments in associates and joint ventures                
Ownership interest in associate (as a percent)           50.00%    
% Voting capital           50.00%    
Investments in associates and joint ventures           $ 99    
Equity results in income statement           $ 56 $ (131) $ (69)