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v3.23.3

Income taxes - Income tax reconciliation (Details) - USD ($) $ in Millions | 3 Months Ended | 6 Months Ended
--- | --- | ---
Jun. 30, 2023 | Jun. 30, 2022 | Jun. 30, 2023 | Jun. 30, 2022
Notes and other explanatory information [abstract] |  |  |  |
Income before income taxes | $ 2,720 | $ 5,056 | $ 5,016 | $ 11,625
Income taxes at statutory rate (34%) | (925) | (1,719) | (1,705) | (3,953)
Adjustments that affect the taxes basis: |  |  |  |
Tax incentives | 497 | 565 | 902 | 1,059
Equity results | 33 | 22 | 3 | 30
Addition (reduction) of tax loss carryforward | (172) | 211 | (243) | (444)
Reversal of deferred income tax related to Renova Foundation | (1,078) |  | (1,078) |
Other | (147) | 10 | (89) | 306
Income taxes | (1,792) | (911) | (2,210) | (3,002)
Current tax | (404) | (1,181) | (622) | (1,434)
Deferred tax | $ (1,388) | $ 270 | $ (1,588) | $ (1,568)

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