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Acquisitions and divestitures (Tables) | 12 Months Ended
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Dec. 31, 2023
Acquisitions And Divestitures |
Schedule of acquisitions and divestitures |
Schedule of acquisitions and divestitures |  |  |  |  |  |
|  | Year ended December 31, 2023
|  | 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
Mineração Rio do Norte | 16(d) | - | - | - | - | (87)
Companhia Siderúrgica do Pecém | 16(f) | - | - | - | - | 31
|  | - | - | - | - | (56)
|  | 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
Companhia Siderúrgica do Pecém (i) | 16(f) | - | - | - | - | (135)
Midwestern System | 16(g) | 37 | - | 37 | 1,121 | -
California Steel Industries | 16(h) | - | 150 | 150 | - | 142
Manganese | 16(i) | - | - | - | (10) | -
Other |  | 28 | - | 28 | - | (9)
|  | 65 | 150 | 215 | 1,111 | (2)
Discontinued operations (Coal) | 16(l) | 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 reversal (impairment) of non-current assets | Equity results and other results in associates and joint ventures
Midwestern System | 16(g) | - | - | - | (78) | -
Vale Nouvelle-Calédonie | 16(m) | 1,132 | - | 1,132 | (98) | -
Vale Shipping Holding | 16(k) | 771 | - | 771 | - | -
Manganese | 16(i) | - | - | - | (35) | -
Other |  | 9 | - | 9 | - | (75)
|  | 1,912 | - | 1,912 | (211) | (75)
Discontinued operations (Coal) | 16(l) | 424 |  | 424 | (3,282) | -
|  | 2,336 | - | 2,336 | (3,493) | (75)
Schedule of effects on the balance sheet |
Schedule of effects on the balance sheet |  |
|  | December 31, 2023
| Notes | PTVI (held for sale)
Assets |  |
Cash and cash equivalents |  | 703
Accounts receivable |  | 20
Inventories |  | 80
Taxes |  | 117
Investments |  | 13
Property, plant and equipment | 18 | 2,792
Intangibles | 17 | 69
Other assets |  | 139
Total Assets |  | 3,933
Liabilities |  |
Suppliers and contractors |  | 172
Other liabilities |  | 389
Total liabilities |  | 561
Net assets held for sale |  | 3,372
Schedule of fair value of assets and liabilities assumed |
Schedule of fair value of assets and liabilities assumed |  |
|  | June 22, 2021
Acquired assets |  |
Cash and cash equivalents |  | 172
Inventory, recoverable tax, and other assets |  | 423
Intangibles |  | 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 |
Schedule of net income and cash flows from discontinued operations |  |  |
| Year ended December 31,
| 2023 | 2022 | 2021
Net income from discontinued operations |  |  |
Net operating revenue | - | 448 | 1,083
Cost of goods sold and services rendered | - | (264) | (1,386)
Operating expenses | - | (13) | (33)
Impairment and results on disposals of non-current assets, net | - | (589) | (3,282)
Operating loss | - | (418) | (3,618)
Cumulative translation adjustments (i) | - | 3,072 | -
Derecognition of noncontrolling interest | - | (585) | -
Financial results, net | - | (7) | 447
Equity results in associates and joint ventures | - | - | (26)
income (loss) before income taxes | - | 2,062 | (3,197)
Income taxes | - | (2) | 821
Net income (loss) from discontinued operations | - | 2,060 | (2,376)
Loss attributable to noncontrolling interests | - | - | (85)
Net income (loss) attributable to Vale's shareholders | - | 2,060 | (2,291)
(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 - The Effects of Changes in Foreign Exchange Rates 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”.
| Year ended December 31,
| 2023 | 2022 | 2021
Cash flow from discontinued operations |  |  |
Operating activities |  |  |
Income (loss) before income taxes | - | 2,062 | (3,197)
Adjustments: |  |  |
Equity results in associates and joint ventures | - | - | 26
Depreciation, amortization and depletion | - | - | 69
Impairment and results on disposals of non-current assets, net | - | 589 | 3,282
Derecognition of noncontrolling interest | - | 585 | -
Financial results, net | - | (3,065) | (447)
Decrease in assets and liabilities | - | (130) | (49)
Net cash generated (used) by operating activities | - | 41 | (316)
Investing activities |  |  |
Additions to property, plant and equipment | - | (38) | (194)
Acquisition of NLC, net of cash | - | - | (2,345)
Disposal of coal, net of cash | - | (65) | -
Other | - | - | 70
Net cash used in investing activities | - | (103) | (2,469)
Financing activities |  |  |
Payments | - | (11) | (13)
Net cash used by financing activities | - | (11) | (13)
Net cash used by discontinued operations | - | (73) | (2,798)

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