XML 11 R2.htm IDEA: XBRL DOCUMENT v3.23.1
Consolidated Income Statement - USD ($)
$ in Millions
 12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Continuing operations      
Net operating revenue $ 43,839 $ 54,502 $ 39,545
Cost of goods sold and services rendered (24,028) (21,729) (17,564)
Gross profit 19,811 32,773 21,981
Operating expenses      
Selling and administrative (515) (481) (491)
Research and development (660) (549) (415)
Pre-operating and operational stoppage (479) (648) (887)
Other operating expenses, net (1,722) (2,976) (6,057)
Total (3,376) (4,654) (7,850)
Impairment reversal (impairment and disposals) of non-current assets, net 773 (426) (1,308)
Operating income 17,208 27,693 12,823
Financial income 520 337 307
Financial expenses (1,179) (1,249) (1,158)
Other financial items, net 2,927 4,031 (3,962)
Equity results and other results in associates and joint ventures 305 (1,271) (1,020)
Income before income taxes 19,781 29,541 6,990
Income taxes (2,971) (4,697) (735)
Net income from continuing operations 16,810 24,844 6,255
Net income (loss) attributable to noncontrolling interests 82 108 (3)
Net income from continuing operations attributable to Vale's shareholders 16,728 24,736 6,258
Discontinued operations      
Net income (loss) from discontinued operations 2,060 (2,376) (1,724)
Loss attributable to noncontrolling interests (85) (347)
Net income (loss) from discontinued operations attributable to Vale's shareholders 2,060 (2,291) (1,377)
Net income 18,870 22,468 4,531
Net income (loss) attributable to noncontrolling interests 82 23 (350)
Net income attributable to Vale's shareholders $ 18,788 $ 22,445 $ 4,881