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Consolidated Interim Income Statement - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
Profit or loss [abstract]        
Net operating revenue $ 9,920 $ 9,673 $ 18,379 $ 18,107
Cost of goods sold and services rendered (6,349) (5,940) (11,716) (10,889)
Gross profit 3,571 3,733 6,663 7,218
Operating expenses        
Selling and administrative (137) (139) (277) (257)
Research and development (189) (165) (345) (304)
Pre-operating and operational stoppage (91) (103) (183) (227)
Other operating revenues (expenses), net 721 (454) 465 (677)
Operating income 3,875 2,872 6,323 5,753
Financial income 78 106 187 227
Financial expenses (365) (397) (704) (717)
Other financial items, net (965) 134 (1,172) (197)
Equity results and other results in associates and joint ventures 112 5 236 (50)
Income before income taxes 2,735 2,720 4,870 5,016
Income taxes 34 (1,792) (414) (2,210)
Net income 2,769 928 4,456 2,806
Net income attributable to noncontrolling interests 36 8 77
Net income attributable to Vale's shareholders $ 2,769 $ 892 $ 4,448 $ 2,729
Basic and diluted earnings per share attributable to Vale's shareholders        
Basic earnings per share attributable to Vale's shareholders $ 0.65 $ 0.20 $ 1.04 $ 0.62
Diluted earnings per share attributable to Vale's shareholders $ 0.65 $ 0.20 $ 1.04 $ 0.62