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Other financial assets and liabilities (Details) - USD ($) $ in Millions | Dec. 31, 2022 | Dec. 31, 2021
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Other Financial Assets And Liabilities |  |  |
Restricted cash-noncurrent |  | $ 77 | $ 117
Derivative financial instruments- current |  | 342 | 111
Derivative financial instruments - Non-Current |  | 196 | 20
Investments in equity securities -Non- Current | [1] | 7 | 6
Total other financial assets - Current |  | 342 | 111
Total other financial assets - Non-Current |  | 280 | 143
Derivative financial instruments - Current |  | 90 | 243
Derivative financial instruments - Non-Current |  | 186 | 592
Related parties - Current |  | 400 | 393
Financial guarantees provided -Non current | [2] | 103 | 542
Liabilities related to the concession grant-Current |  | 416 | 760
Liabilities related to the concession grant-Non current |  | 2,554 | 1,437
Contract liability | [3] | 766 | 916
Total other financial liabilities - Current |  | 1,672 | 2,312
Total other financial liabilities - Non-Current |  | $ 2,843 | $ 2,571
[1] | Corresponding to a 3.24% non-controlling interest in Boston Electrometallurgical Company, whose objective is to promote the development of a technology focused on reducing carbon dioxide emissions in steel production.
[2] | In July 2022, the Company signed a binding agreement with ArcelorMittal for the sale of CSP. At the closing, CSP's debt will be settled and the financial liability related to the guarantee granted will be derecognized by Vale.
[3] | Includes advances received from customers that meets the definition of contract liability described in IFRS 15 - Revenue from Contracts with Customers and other financial advances received that meet the definition of a financial liability described in IAS 32 - Financial Instruments: Presentation.

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- Definition The amount of current government grants recognised in the statement of financial position as deferred income. [Refer: Government [member]; Government grants] + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Name IAS -Number 1 -IssueDate 2022-03-24 -Paragraph 55 -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&num=1&code=ifrs-tx-2022-en-r&anchor=para_55&doctype=Standard -URIDate 2022-03-24 + Details
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