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Financial results (Details) - USD ($) $ in Millions | 3 Months Ended | 6 Months Ended
--- | --- | ---
Jun. 30, 2024 | Jun. 30, 2023 | Jun. 30, 2024 | Jun. 30, 2023
Financial income |  |  |  |
Short-term investments | $ 75 | $ 82 | $ 156 | $ 170
Other | 3 | 24 | 31 | 57
Total financial income | 78 | 106 | 187 | 227
Financial expenses |  |  |  |
Loans and borrowings interest | (203) | (180) | (369) | (355)
Interest on REFIS | (23) | (38) | (51) | (76)
Interest on lease liabilities | (14) | (15) | (28) | (30)
Interest on supplier liabilities | (44) | (53) | (90) | (91)
Other | (81) | (111) | (166) | (165)
Total financial expenses | (365) | (397) | (704) | (717)
Other financial items, net |  |  |  |
Foreign exchange and indexation losses, net | (253) | (750) | (626) | (1,226)
Participative shareholders' debentures | (241) | 321 | (77) | 274
Derivative financial instruments, net | (471) | 563 | (469) | 755
Total other financial items, net | (965) | 134 | (1,172) | (197)
Total | $ (1,252) | $ (157) | $ (1,689) | $ (687)

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