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Consolidated Statement of Comprehensive Income - USD ($) $ in Millions | 12 Months Ended
--- | ---
Dec. 31, 2023 | Dec. 31, 2022 | Dec. 31, 2021
Profit or loss [abstract] |  |  |
Net income | $ 8,105 | $ 18,870 | $ 22,468
Items that will not be reclassified to income statement |  |  |
Translation adjustments of the Parent Company | 2,966 | 2,259 | (2,174)
Retirement benefit obligations | (68) | 269 | 475
Fair value adjustment to investment in equity securities | 13 |  | 397
Total items that will not be reclassified to the income statement, net of tax | 2,911 | 2,528 | (1,302)
Items that may be reclassified to income statement |  |  |
Translation adjustments of foreign operations | (522) | (1,306) | 918
Net investment hedge | 139 | 81 | (118)
Cash flow hedge | (19) | 19 | 3
Reclassification of cumulative translation adjustment to income statement |  | (4,830) | (4,749)
Total items that may be reclassified to the income statement, net of tax | (402) | (6,036) | (3,946)
Comprehensive income | 10,614 | 15,362 | 17,220
Comprehensive income attributable to noncontrolling interests | 125 | 80 | 21
Comprehensive income attributable to Vale's shareholders | $ 10,489 | $ 15,282 | $ 17,199

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