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Acquisitions and divestitures (Tables) | 12 Months Ended
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Dec. 31, 2022
Acquisitions And Divestitures |
Schedule of effects on the balance sheet |
Schedule of effects on the balance sheet |  |  |  |  |  |  |  |  |  |  |  |
|  | December 31, 2022 |  | December 31, 2021 |
|  | Total |  | Coal (Discontinued operation) |  | Manganese assets |  | CSI | Other |  | Total |
Assets |  |  |  |  |  |  |  |  |  |  |  |
Accounts receivable |  | - |  | - |  | 11 |  | - | - |  | 11 |
Inventories |  | - |  | 167 |  | 12 |  | - | - |  | 179 |
Taxes |  | - |  | 364 |  | 17 |  | - | - |  | 381 |
Investments |  | - |  | - |  | - |  | 377 | - |  | 377 |
Property, plant and equipment |  | - |  | - |  | - |  | - | 6 |  | 6 |
Other assets |  | - |  | 21 |  | 1 |  | - | - |  | 22 |
Total Assets |  | - |  | 552 |  | 41 |  | 377 | 6 |  | 976 |
Liabilities |  |  |  |  |  |  |  |  |  |  |  |
Suppliers and contractors |  | - |  | 110 |  | 10 |  | - | - |  | 120 |
Other liabilities |  | - |  | 232 |  | 3 |  | - | - |  | 235 |
Total liabilities |  | - |  | 342 |  | 13 |  | - | - |  | 355 |
Schedule of acquisitions and divestitures |
Schedule of acquisitions and divestitures |  |  |  |  |  |  |  |  |  |  |  |
|  | Year ended December 31, 2022 |  |
| Cumulative translation adjustments |  | Result of the transaction |  |
| Reference | Other financial items, net |  | Equity results and other results in associates and joint ventures |  | Total recycling from OCI |  | Impairment reversal (impairment) of non-current assets |  | Equity results and other results in associates and joint ventures |  |
Midwestern System | 16(b) | 37 |  | - |  | 37 |  | 1,121 |  | - |  |
California Steel Industries | 16(c) | - |  | 150 |  | 150 |  | - |  | 142 |  |
Companhia Siderúrgica do Pecém (i) | 16(d) | - |  | - |  | - |  | - |  | (135) |  |
Manganese | 16(e) | - |  | - |  | - |  | (10) |  | - |  |
Other |  | 28 |  | - |  | 28 |  | - |  | (9) |  |
|  | 65 |  | 150 |  | 215 |  | 1,111 |  | (2) |  |
Discontinued operations (Coal) | 16(a) | 3,072 |  | - |  | 3,072 |  | (589) |  | - |  |
|  | 3,137 |  | 150 |  | 3,287 |  | 522 |  | (2) |  |
(i) | Includes impairment of the investment in the amount of US$111 and a provision for accounts receivable with CSP in the amount of US$24.
| Year ended December 31, 2021 |  |
| Cumulative translation adjustments |  | Result of the transaction |  |
| Reference | Other financial items, net |  | Equity results and other results in associates and joint ventures |  | Total recycling from OCI |  | Impairment of non-current assets |  | Equity results and other results in associates and joint ventures |  |
Midwestern System | 16(b) | - |  | - |  | - |  | (78) |  | - |  |
Vale Nouvelle-Calédonie S.A.S. | 16(f) | 1,132 |  | - |  | 1,132 |  | (98) |  | - |  |
Vale Shipping | 16(g) | 771 |  | - |  | 771 |  | - |  | - |  |
Manganese | 16(e) | - |  | - |  | - |  | (35) |  | - |  |
Other |  | 9 |  | - |  | 9 |  | - |  | (75) |  |
|  | 1,912 |  | - |  | 1,912 |  | (211) |  | (75) |  |
Discontinued operations (Coal) | 16(a) | 424 |  | - |  | 424 |  | (3,282) |  | - |  |
|  | 2,336 |  | - |  | 2,336 |  | (3,493) |  | (75) |  |
|  | Year ended December 31, 2020 |  |
|  | Cumulative translation adjustments |  | Result of the transaction |  |
| Reference | Other financial items, net |  | Equity results and other results in associates and joint ventures |  | Total recycling from OCI |  | Impairment of non-current assets |  | Equity results and other results in associates and joint ventures |  |
Vale Nouvelle-Calédonie S.A.S. | 16(f) | - |  | - |  | - |  | (882) |  | - |  |
VLI | 16(h) | - |  | - |  | - |  | - |  | 172 |  |
Biopalma | 16(i) | - |  | - |  | - |  | (125) |  | - |  |
Longyu | 16(j) | - |  | 116 |  | 116 |  | - |  | - |  |
Manganese | 16(e) | - |  | - |  | - |  | (76) |  | - |  |
Other |  | - |  | 19 |  | 19 |  | - |  | (11) |  |
|  | - |  | 135 |  | 135 |  | (1,083) |  | 161 |  |
Discontinued operations (Coal) | 16(a) |  |  |  |  | - |  | (935) |  |  |  |
|  | - |  | 135 |  | 135 |  | (2,018) |  | 161 |  |
Fair value of assets and liabilities assumed |
Fair value of assets and liabilities assumed |  |
|  | June 22, 2021
Acquired assets |  |
Cash and cash equivalents |  | 172
Inventory, recoverable tax, and other assets |  | 423
Intangible |  | 2,219
Property, plant, and equipment |  | 1,363
Assumed liabilities |  | (158)
Net identifiable assets acquired |  | 4,019
Fair value adjustments (i) |  | (1,590)
Total identifiable net assets at fair value |  | 2,429
Pre-existing relation (Loans receivable from NLC) |  | 859
Loss on pre-existing relation |  | (771)
Total identifiable net assets at fair value |  | 2,517
Cash consideration |  | 2,517
(-) Balances acquired |  |
Cash and cash equivalents |  | 172
Net cash outflow |  | 2,345
(i) | Of this amount, US$441 was allocated to property, plant, and equipment and US$791 was allocated to intangible and the remaining amount was allocated to other assets.
Schedule of net income and cash flows from discontinued operations |
Schedule of net income and cash flows from discontinued operations |  |  |  |  |  |
|  | 2022 |  | 2021 |  | 2020
Net income from discontinued operations |  |  |  |  |  |
Net operating revenue |  | 448 |  | 1,083 |  | 473
Cost of goods sold and services rendered |  | (264) |  | (1,386) |  | (1,475)
Operating expenses |  | (13) |  | (33) |  | (43)
Impairment and disposals of non-current assets, net |  | (589) |  | (3,282) |  | (935)
Operating loss |  | (418) |  | (3,618) |  | (1,980)
Cumulative translation adjustments (i) |  | 3,072 |  |  |  |
Other financial results, net |  | (7) |  | 447 |  | 2
Derecognition of noncontrolling interest |  | (585) |  |  |  |
Equity results in associates and joint ventures |  |  |  | (26) |  | (43)
Net income (loss) before income taxes |  | 2,062 |  | (3,197) |  | (2,021)
Income taxes |  | (2) |  | 821 |  | 297
Net income (loss) from discontinued operations |  | 2,060 |  | (2,376) |  | (1,724)
Loss attributable to noncontrolling interests |  | - |  | (85) |  | (347)
Net income (loss) attributable to Vale's shareholders |  | 2,060 |  | (2,291) |  | (1,377)
(i) | In 2021, the Company assessed that its Australian subsidiaries (part of the coal business), which were no longer operational, were considered "abandoned" under IAS 21 and, therefore, the Company recognized a gain related to the cumulative translation adjustments in the amount of US$424, which was reclassified to the net income as “Other financial items, net”.
|  | 2022 |  | 2021 |  | 2020
Cash flow from discontinued operations |  |  |  |  |  |
Operating activities |  |  |  |  |  |
Net income (loss) before income taxes |  | 2,062 |  | (3,197) |  | (2,021)
Adjustments: |  |  |  |  |  |
Equity results in associates and joint ventures |  | - |  | 26 |  | 43
Depreciation, amortization and depletion |  | - |  | 69 |  | 19
Impairment and disposals of non-current assets, net |  | 589 |  | 3,282 |  | 935
Derecognition of noncontrolling interest |  | 585 |  | - |  | -
Financial results, net |  | (3,065) |  | (447) |  | (2)
Decrease in assets and liabilities |  | (130) |  | (49) |  | (29)
Net cash generated (used) by operating activities |  | 41 |  | (316) |  | (1,055)
Investing activities |  |  |  |  |  |
Additions to property, plant and equipment |  | (38) |  | (194) |  | (203)
Acquisition of NLC, net of cash |  | - |  | (2,345) |  | -
Disposal of coal, net of cash |  | (65) |  | - |  | -
Other |  | - |  | 70 |  | 74
Net cash used in investing activities |  | (103) |  | (2,469) |  | (129)
Financing activities |  |  |  |  |  |
Payments |  | (11) |  | (13) |  | (15)
Net cash used in financing activities |  | (11) |  | (13) |  | (15)
Net cash used by discontinued operations |  | (73) |  | (2,798) |  | (1,199)

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