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Other financial assets and liabilities (Details) - USD ($)
$ in Millions
Jun. 30, 2023
Dec. 31, 2022
Other Financial Assets And Liabilities    
Restricted cash-noncurrent $ 108 $ 77
Derivative financial instruments- current 522 342
Derivative financial instruments - Non-Current 559 196
Investments in equity securities -Non- Current [1] 31 7
Total other financial assets - Current 522 342
Total other financial assets - Non-Current 698 280
Derivative financial instruments - Current 47 90
Derivative financial instruments - Non-Current 98 186
Related parties - Current 187 400
Financial guarantees provided -Non current [2]   103
Liabilities related to the concession grant-Current 611 416
Liabilities related to the concession grant-Non current 2,673 2,554
Contract liability [3] 754 766
Total other financial liabilities - Current 1,599 1,672
Total other financial liabilities - Non-Current $ 2,771 $ 2,843
[1] It mainly relates to a 2.66% noncontrolling interest in Boston Electrometallurgical Company, which aims to promote the development of a technology focused on reducing carbon dioxide emissions in steel production.
[2] In March 2023, the Company completed the sale of its interest in CSP and derecognized the financial guarantee granted by the Company.
[3] Includes advances received from customers that meets the definition of contract liability described in IFRS 15 – Revenue from Contracts with Customers and other financial liabilities that meets the definition of a financial liability described in IAS 32 - Financial Instruments: Presentation.