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Taxes (Tables)
 12 Months Ended
Dec. 31, 2023
Notes and other explanatory information [abstract]  
Schedule of income tax reconciliation
       
      Year ended December 31,
  Notes 2023 2022 2021
Income before income taxes   11,151 19,781 29,541
Income taxes at statutory rate (34%)   (3,791) (6,726) (10,044)
Adjustments that affect the taxes basis:        
Tax incentives   1,071 1,247 2,826
Income tax benefit from interest on capital   789 556 260
Equity results   88 84 167
Addition of tax loss carryforward   409 899 663
Reclassification of cumulative adjustments to the income statement   - 547 1,471
Reversal of deferred income tax related to Renova Foundation 26(e) (1,078) - -
Liabilities related to associates and joint ventures 26(c) (404) - -
Other   (130) 422 (40)
Income taxes   (3,046) (2,971) (4,697)
Current tax   (1,375) (2,020) (5,663)
Deferred tax   (1,671) (951) 966
Income taxes   (3,046) (2,971) (4,697)
Schedule of deferred income tax assets and liabilities
       
  Deferred tax assets                                Deferred tax liabilities
  Year ended December 31,
  2023 2022 2023 2022
Taxes losses carryforward 5,704 5,908 - -
Temporary differences:        
  Asset retirement obligations and other liabilities (i) 4,165 4,875 (807) (714)
  Fair value of financial instruments 735 839 - -
  Employee post-retirement obligation 478 411 - -
  Provision for litigation 306 364 - -
  Fair value of property, plant and equipment in business combination - - (2,034) (2,205)
  Goodwill amortization - - (575) (518)
  Other 723 397 - -
  12,111 12,794 (3,416) (3,437)
         
Financial position        
Assets 9,565 10,770 - -
Liabilities - - (870) (1,413)

 

(i) Following the adoption of the amendment to IAS 12 – Deferred Taxes related to Assets and Liabilities Arising from a Single Transaction, the Company started disclosing separately the deferred tax assets and deferred tax liabilities arising from the decommissioning of assets, environmental obligations, and leases, which resulted in an increase of US$807 in deferred tax assets and deferred tax liabilities. Comparative information was restated to reflect the effects of the adoption, resulting in an increase of US$714 in deferred tax assets and deferred tax liabilities. Therefore, there has been no impact on the deferred tax balances recorded in the Company's financial statements.
Schedule of changes in deferred tax assets and liability
     
  Assets Liabilities Deferred taxes, net
Balance as of December 31, 2021 11,441 1,881 9,560
Taxes losses carryforward (68) - (68)
Provision for asset retirement obligations and other liabilities (488) 114 (602)
Fair value of financial instruments (634) - (634)
Allocated goodwill - (607) 607
Other (254) - (254)
Effect in income statement (1,444) (493) (951)
Employee post-retirement obligation (116) - (116)
Fair value of financial instruments 73 - 73
Other comprehensive income (43) - (43)
Transfer between assets and liabilities 130 130 -
Translation adjustment 686 (77) 763
Sale of California Steel Industries - (28) 28
Balance as of December 31, 2022 10,770 1,413 9,357
Taxes losses carryforward (609) - (609)
Provision for asset retirement obligations and other liabilities (1,123) 86 (1,209)
Fair value of financial instruments (168) - (168)
Allocated goodwill - (64) 64
Other 251 - 251
Effect in income statement (1,649) 22 (1,671)
Employee post-retirement obligation 34 - 34
Fair value of financial instruments 32 - 32
Other comprehensive income 66 - 66
Transfer between assets and liabilities (371) (371) -
Translation adjustment 749 19 730
Transfer to asset to held for sale - (213) -
Balance as of December 31, 2023 9,565 870 8,482
Schedule of income taxes settlement program
   
  December 31, 2023 December 31, 2022
Current liabilities 428 371
Non-current liabilities 1,723 1,869
REFIS liabilities 2,151 2,240
     
SELIC rate 11.75% 13.75%
Schedule of uncertain tax positions
             
  December 31, 2023 December 31, 2022
  Assessed (i) Not in dispute (ii) Total Assessed (i) Not in dispute (ii) Total
UTPs not recorded on statement of financial position (iii)            
Transfer pricing over the exportation of ores to a foreign subsidiary 2,144 3,010 5,154 1,190 2,592 3,782
Expenses of interest on capital 1,511 - 1,511 1,288 - 1,288
Proceeding related to income tax paid abroad 512 - 512 439 - 439
Goodwill amortization 606 190 796 578 223 801
Payments to Renova Foundation 167 536 703 29 530 559
Other 468 - 468 699 - 699
Total not recoeded on statement of financial position  5,408 3,736 9,144 4,223 3,345 7,568
             
UTPs recorded on statement of financial position            
Deduction of CSLL in Brazil 183 - 183 155 - 155
Total recorded on statement of financial position  183 - 183 155 - 155

(i) Includes the tax effects arising from the reduction of the tax losses and negative basis of the CSLL without fines and interest.
(ii) Includes the principal, without fines and interest.
(iii) Based on the assessment of its internal and external legal advisors, the Company believes that the tax treatment adopted for these matters will be accepted in decisions of the higher courts on last instance.
Schedule of recoverable and payable taxes
           
  December 31, 2023 December 31, 2022
  Current assets Non-current assets Current liabilities Current assets Non-current assets Current liabilities
Value-added tax ("ICMS") 232 5 25 261 1 46
Brazilian federal contributions ("PIS" and "COFINS") (i) 355 1,010 615 690 740 35
Income taxes 302 358 429 309 369 221
Financial compensation for the exploration of mineral resources ("CFEM") - - 93 - - 54
Other 11 1 152 12 - 114
Total 900 1,374 1,314 1,272 1,110 470

 

(i) In December 2023, a judicial decision was issued in a lawsuit related with Brazilian federal contributions (“PIS” and “COFINS”), which is fully guaranteed by a judicial deposit, determining the conversion of part of the judicial deposit to the Government, resulting in the reclassification of the amount to payable taxes. Further details are presented in note 28 of these financial statements.