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Consolidated Statement of Cash Flows - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2023
Jun. 30, 2022
Statement of cash flows [abstract]        
Cash flow from operations $ 3,259 $ 5,738 $ 7,539 $ 11,269
Interest on loans and borrowings paid (200) (277) (369) (456)
Cash received (paid) on settlement of derivatives, net 134 (42) 172 (118)
Payments related to Brumadinho event (497) (319) (621) (383)
Payments related to de-characterization of dams (95) (83) (173) (152)
Interest on participative shareholders' debentures paid (127) (235) (127) (235)
Income taxes (including settlement program) paid (574) (1,213) (911) (3,790)
Net cash generated by operating activities from continuing operations 1,900 3,569 5,510 6,135
Net cash generated by operating activities from discontinued operations 41
Net cash generated by operating activities 1,900 3,569 5,510 6,176
Cash flow from investing activities:        
Capital expenditures (1,208) (1,293) (2,338) (2,429)
Additions to investments (1) (8)
Proceeds (payments) from the sale of investments, net (67) 437
Dividends received from associates and joint ventures 105 71 105 136
Short-term investment 67 101 12 103
Other investments activities, net (30) 48 (97) 48
Net cash used in investing activities from continuing operations (1,067) (1,073) (2,393) (1,705)
Net cash used in investing activities from discontinued operations (65) (103)
Net cash used in investing activities (1,067) (1,138) (2,393) (1,808)
Cash flow from financing activities:        
Loans and borrowings from third-parties 1,500 200 1,800 625
Payments of loans and borrowings from third-parties (581) (1,433) (620) (1,828)
Payments of leasing (45) (57) (92) (98)
Dividends and interest on capital paid to Vale’s shareholders (1,795) (3,480)
Dividends and interest on capital paid to noncontrolling interest (5) (4) (8) (7)
Shares buyback program (1,361) (2,596) (2,124) (4,384)
Stake acquisition on subsidiaries (130) (130)
Net cash used in financing activities from continuing operations (622) (3,890) (2,969) (9,172)
Net cash used in financing activities from discontinued operations (11)
Net cash used in financing activities (622) (3,890) (2,969) (9,183)
Net increase (decrease) in cash and cash equivalents 211 (1,459) 148 (4,815)
Cash and cash equivalents in the beginning of the period 4,705 9,061 4,736 11,721
Effect of exchange rate changes on cash and cash equivalents 67 (417) 99 290
Cash and cash equivalents from subsidiaries sold, net (11)
Cash and cash equivalents at end of the period $ 4,983 $ 7,185 $ 4,983 $ 7,185