XML 137 R128.htm IDEA: XBRL DOCUMENT v3.23.1
Other financial assets and liabilities (Details) - USD ($)
$ in Millions
Dec. 31, 2022
Dec. 31, 2021
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.