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Information by business segment and geographic area (Tables)
 12 Months Ended
Dec. 31, 2023
Notes and other explanatory information [abstract]  
Schedule of adjusted EBITDA
       
    Year ended December 31,
  Notes 2023 2022 2021
Iron ore (i)   14,888 15,670 26,471
Iron ore pellets   3,122 3,653 4,873
Other ferrous products and services   117 120 136
Iron Ore Solutions   18,127 19,443 31,480
         
Nickel   851 1,924 1,576
Copper   1,100 569 1,617
Energy Transition Metals   1,951 2,493 3,193
         
Other (ii)   (2,117) (2,176) (3,330)
         
Adjusted EBITDA from continuing operations   17,961 19,760 31,343
         
Depreciation, depletion and amortization (3,070) (3,171) (3,034)
Impairment reversal (impairment) and results on disposal of non-current assets, net and other (ii) 16 and 19 (482) 773 (426)
Dividends received and interest from associates and joint ventures (iii)   (204) (154) (190)
Operating income   14,205 17,208 27,693
         
Equity results and other results in associates and joint ventures 15 (1,108) 305 (1,271)
Financial results 6 (1,946) 2,268 3,119
Income before income taxes   11,151 19,781 29,541

(i) Includes the reclassification of the EBITDA of Midwestern System from the Iron Ore Solutions segment to “Other” in the amounts of US$77 and US$109 for the years ended December 31, 2022 and December 31, 2021, respectively.

(ii) Includes adjustments of US$216 for the year ended December 31, 2023, to reflect the performance of the streaming transactions at market prices.

(iii) In 2022, the Company received US$65 in dividends from California Steel Industries related to the sale transaction of this investment, which was treated as part of the result of the transaction (note 16h) and, therefore, this amount was not included in the adjusted EBITDA.

 

         
    Year ended December 31,
  Notes 2023 2022 2021
Adjusted EBITDA from discontinued operations (coal)   - 171 (189)
         
Depreciation, depletion and amortization   - - (69)
Impairment and results on disposals of non-current assets, net   - (589) (3,282)
Dividends received and interest from associates and joint ventures   - - (78)
Operating loss 16(l) - (418) (3,618)
         
Equity results and other results in associates and joint ventures   - - (26)
Financial results   - 3,065 447
Derecognition of noncontrolling interest   - (585) -
Income (loss) before income taxes from discontinued operations (coal) 16(l) - 2,062 (3,197)
Schedule of net operating revenue by shipment destination
             
  Year ended December 31, 2023
  Iron Ore Solutions Energy Transition Metals    
  Iron ore Iron ore pellets Other ferrous products and services Nickel and other products Copper Other Total
China 20,641 2 - 642 292 - 21,577
Japan 2,356 279 1 583 - - 3,219
Asia, except Japan and China 2,111 407 10 513 267 - 3,308
Brazil 1,370 1,684 502 63 - 136 3,755
United States of America - 262 - 1,361 - - 1,623
Americas, except United States and Brazil 1 398 1 456 41 - 897
Germany 244 55 2 458 592 - 1,351
Europe, except Germany 1,037 374 - 1,082 1,184 - 3,677
Middle East, Africa, and Oceania - 2,342 - 35 - - 2,377
Net operating revenue 27,760 5,803 516 5,193 2,376 136 41,784

 

  Year ended December 31, 2022
  Iron Ore Solutions Energy Transition Metals    
  Iron ore Iron ore pellets Other ferrous products and services Nickel and other products Copper Other Total
China 20,545 41 7 1,538 72 - 22,203
Japan 2,557 208 - 765 5 - 3,535
Asia, except Japan and China 2,028 393 13 484 154 47 3,119
Brazil 1,305 1,997 447 60 - 328 4,137
United States of America - 218 - 1,425 - - 1,643
Americas, except United States and Brazil - 472 5 597 - 125 1,199
Germany 357 16 - 597 551 - 1,521
Europe, except Germany 1,396 317 - 1,126 997 - 3,836
Middle East, Africa, and Oceania - 2,594 - 27 - 25 2,646
Net operating revenue 28,188 6,256 472 6,619 1,779 525 43,839

 

  Year ended December 31, 2021
  Iron Ore Solutions Energy Transition Metals    
  Iron ore (i) Iron ore pellets Other ferrous products and services Nickel and other products Copper Other Total
China 27,296 159 55 904 189 - 28,603
Japan 3,489 488 - 514 32 - 4,523
Asia, except Japan and China 2,998 515 23 592 373 - 4,501
Brazil 1,778 2,417 425 55 - 489 5,164
United States of America 23 369 - 1,151 - - 1,543
Americas, except United States and Brazil 5 725 29 362 40 122 1,283
Germany 558 48 12 657 759 - 2,034
Europe, except Germany 2,175 194 4 1,126 1,197 - 4,696
Middle East, Africa, and Oceania 2 2,138 - 15 - - 2,155
Net operating revenue 38,324 7,053 548 5,376 2,590 611 54,502

(i) Includes the reclassification of the revenues of Midwestern System from the Iron Ore Solutions segment to “Other” in the amounts of US$231 and US$377 for the years ended December 31, 2022 and December 31, 2021, respectively.
Schedule of asset by segment
                 
  December 31, 2023 December 31, 2022
  Iron Ore Solutions Energy Transition Metals Other Total Iron Ore Solutions Energy Transition Metals Other Total
Investments in associates and joint ventures 1,349 - 523 1,872 1,296 - 502 1,798
Property, plant and equipment and intangibles 38,376 18,341 3,310 60,027 33,048 19,655 2,473 55,176
                 
Capital expenditures                
Sustaining capital (i) 2,539 1,610 120 4,269 2,236 1,521 102 3,859
Project execution 1,219 358 74 1,651 866 338 383 1,587
Product inventory  3,758 1,968 194 5,920 3,102 1,859 485 5,446

 

(i) According to the Company's shareholders remuneration policy, dividends are calculated based on 30% of the adjusted EBITDA less sustaining capital investments. The calculation also considered the investments made on the coal discontinued operation (note 16l), which was US$38 for the year ended December 31, 2022.
Schedule of assets by geographic area
               
  December 31, 2023 December 31, 2022
  Investments in associates and joint ventures Intangible Property, plant and equipment Total Investments in associates and joint ventures Intangible Property, plant and equipment Total
Brazil 1,872 9,822 33,769 45,463 1,798 8,391 28,210 38,399
Canada - 1,808 11,890 13,698 - 1,845 11,178 13,023
Americas, except Brazil and Canada - - 4 4 - - 4 4
Indonesia (i) - - 59 59 - 1 2,731 2,732
China - 1 14 15 - 1 19 20
Asia, except Indonesia and China - - 731 731 - - 786 786
Europe - - 678 678 - - 747 747
Oman - - 1,251 1,251 - - 1,263 1,263
Total 1,872 11,631 48,396 61,899 1,798 10,238 44,938 56,974

 

(i) The reduction refers substantially to the reclassification of PTVI's assets presented in these financial statements as “held for sale” in accordance with IFRS 5 – Non-current Assets Held for Sale and Discontinued Operations.