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Other financial assets and liabilities (Tables)
 12 Months Ended
Dec. 31, 2022
Other Financial Assets And Liabilities  
Schedule of other financial assets and liabilities
                 
      Current   Non-Current
    Notes December 31, 2022   December 31, 2021   December 31, 2022   December 31, 2021
Other financial assets                  
Restricted cash     -   -   77   117
Derivative financial instruments   20 342   111   196   20
Investments in equity securities (i)     -   -   7   6
      342   111   280   143
Other financial liabilities                  
Derivative financial instruments   20 90   243   186   592
Other financial liabilities - Related parties   31 400   393   -   -
Financial guarantees provided (ii)   32(b) -   -   103   542
Liabilities related to the concession grant   14(a) 416   760   2,554   1,437
Contract liability and other advances (iii)     766   916   -   -
      1,672   2,312   2,843   2,571

 

(i) 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.
(ii) 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.
(iii) 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.
Summary of liabilities related to the concession grant
                   
    December 31, 2021   Addition   Present value adjustment   Disbursements   December 31, 2022
Payment obligation   586   440   148   (220)   954
Infrastructure investment   1,611   409   160   (164)   2,016
                     
    2,197   849   308   (384)   2,970
                     
Current liabilities   760               416
Non-current liabilities   1,437               2,554
Liabilities   2,197               2,970
                     
Discount rate in nominal terms - Payment obligation   11.04%               11.04%
Discount rate in nominal terms - Infrastructure investment   5.11% - 5.75%               6.08% - 6.23%