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Consolidated Statement of Financial Position - USD ($)
$ in Millions
Dec. 31, 2023
Dec. 31, 2022
Current assets    
Cash and cash equivalents $ 3,609 $ 4,736
Short-term investments 51 61
Accounts receivable 4,197 4,319
Other financial assets 271 342
Inventories 4,684 4,482
Recoverable taxes 900 1,272
Judicial deposits 611
Other 444 314
Current assets excluding assets held for sale 14,767 15,526
Non-current assets held for sale 3,933  
Total current assets 18,700 15,526
Non-current assets    
Judicial deposits 798 1,215
Other financial assets 593 280
Recoverable taxes 1,374 1,110
Deferred income taxes 9,565 10,770
Other 1,257 1,019
Total non-current assets excluding investments, intangible assets and property, plant and equipment 13,587 14,394
Investments in associates and joint ventures 1,872 1,798
Intangibles 11,631 10,238
Property, plant, and equipment 48,396 44,938
Total non current assets 75,486 71,368
Total assets 94,186 86,894
Current liabilities    
Suppliers and contractors 5,272 4,461
Loans and borrowings 824 307
Leases 197 182
Other financial liabilities 1,676 1,672
Taxes payable 1,314 470
Settlement program ("REFIS") 428 371
Liabilities related to Brumadinho 1,057 944
Liabilities related to associates and joint ventures 837 1,911
De-characterization of dams and asset retirement obligations 1,035 661
Provisions for litigation 114 106
Employee benefits 964 930
Dividends payable 1,383
Other 376 493
Current liabilities excluding assets held for sale 14,094 13,891
Liabilities associated with non-current assets held for sale 561  
Total current liabilities 14,655 13,891
Non-current liabilities    
Loans and borrowings 11,647 10,874
Leases 1,255 1,349
Participative shareholders' debentures 2,874 2,725
Other financial liabilities 3,373 2,843
Settlement program ("REFIS") 1,723 1,869
Deferred income taxes 870 1,413
Liabilities related to Brumadinho 2,003 2,368
Liabilities related to associates and joint ventures 3,590 1,410
De-characterization of dams and asset retirement obligations 6,694 6,520
Provisions for litigation 885 1,186
Employee benefits 1,381 1,260
Streaming transactions 1,962 1,612
Other 293 216
 Total non current liabilities 38,550 35,645
Total liabilities 53,205 49,536
Equity    
Equity attributable to Vale's shareholders 39,461 35,867
Equity attributable to noncontrolling interests 1,520 1,491
Total equity 40,981 37,358
Total liabilities and equity $ 94,186 $ 86,894