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Acquisitions and divestitures (Tables)
 12 Months Ended
Dec. 31, 2023
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
   
    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
   
    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
     
  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)