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Leases (Tables)
 6 Months Ended
Jun. 30, 2024
Disclosure Leases Abstract  
Schedule of right of use
         
  December 31, 2023 Additions and contract modifications Depreciation Translation adjustment June 30, 2024
Ports 628 - (27) (7) 594
Vessels 415 - (23) - 392
Pelletizing plants 193 - (26) (22) 145
Properties 80 (1) (12) (6) 61
Energy plants 34 - (3) (1) 30
Mining equipment 9 (3) (2) (1) 3
Total 1,359 (4) (93) (37) 1,225
Schedule of lease liabilities
           
  December 31, 2023 Additions and contract modifications Payments (i) Interest Translation adjustment June 30, 2024
Ports 682 - (34) 12 (2) 658
Vessels 397 - (34) 8 - 371
Pelletizing plants 207 - (5) 4 (25) 181
Properties 102 (1) (9) 2 (1) 93
Energy plants 49 - (2) 1 (1) 47
Mining equipment 15 (3) (1) 1 (2) 10
Total 1,452 (4) (85) 28 (31) 1,360
Current liabilities 197         177
Non-current liabilities 1,255         1,183
Total 1,452         1,360

 

(i) The total amount of the variable lease payments not included in the measurement of lease liabilities was US$117 recorded in the income statement in the six-month period ended June 30, 2024 (2023: US$74).
Schedule of summary of annual minimum payments related
                               
    2024   2025   2026   2027   2028 onwards   Total   Remaining term (years)   Discount rate
Ports   33   66   54   43   694   890   2 to 19   4% to 5%
Vessels   30   59   54   53   239   435   1 to 9    3% to 4%
Pelletizing plants   50   44   15   15   85   209   1 to 9    2% to 6%
Properties   15   17   15   13   36   96   1 to 10    2% to 7%
Energy plants   4   9   6   5   39   63   2 to 6    5% to 6%
Mining equipment   4   5   4   1   -   14   1 to 4    3% to 6%
Total   136   200   148   130   1,093   1,707