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Acquisitions and divestitures (Tables)
 12 Months Ended
Dec. 31, 2022
Acquisitions And Divestitures  
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
                       
    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
   
    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
           
    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)