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v3.24.3

Taxes (Details) - USD ($) $ in Millions | 3 Months Ended | 6 Months Ended
--- | --- | ---
Jun. 30, 2024 | Jun. 30, 2023 | Jun. 30, 2024 | Jun. 30, 2023
Notes and other explanatory information [abstract] |  |  |  |
Income before income taxes | $ 2,735 | $ 2,720 | $ 4,870 | $ 5,016
Income taxes at statutory rate (34%) | (930) | (925) | (1,656) | (1,705)
Adjustments that affect the taxes basis: |  |  |  |
Tax incentives | 298 | 497 | 767 | 902
Equity results | 4 | 33 | (3) | 3
Reduction of tax loss carryforward | 369 | (172) | 213 | (243)
Reversal of deferred income tax related to Renova Foundation |  | (1,078) |  | (1,078)
Reclassification of cumulative adjustments to the income statement | (4) |  | (22) |
Gain on divestment in PTVI | 358 |  | 358 |
Other | (61) | (147) | (71) | (89)
Income taxes | 34 | (1,792) | (414) | (2,210)
Current tax | (639) | (404) | (1,373) | (622)
Deferred tax | $ 673 | $ (1,388) | $ 959 | $ (1,588)

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