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Consolidated Income Statement - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Continuing operations      
Net operating revenue $ 38,056 $ 41,784 $ 43,839
Cost of goods sold and services rendered (24,265) (24,089) (24,028)
Gross profit 13,791 17,695 19,811
Operating expenses      
Selling and administrative (622) (553) (515)
Research and development (790) (723) (660)
Pre-operating and operational stoppage (403) (450) (479)
 (Impairment), reversal of impairment and gains (losses) on disposal of non-current assets, net 301 (266) 773
Other operating revenues (expenses), net (1,489) (1,498) (1,722)
Operating income 10,788 14,205 17,208
Financial income 422 432 520
Financial expenses (1,473) (1,459) (1,179)
Other financial items, net (2,772) (919) 2,927
Equity results and other results in associates and joint ventures (269) (1,108) 305
Income before income taxes 6,696 11,151 19,781
Income taxes (721) (3,046) (2,971)
Net income from continuing operations 5,975 8,105 16,810
(Loss) net income from continuing operations attributable to noncontrolling interests (191) 122 82
Net income from continuing operations attributable to Vale S.A.'s shareholders 6,166 7,983 16,728
Discontinued operations      
Net income from discontinued operations attributable to Vale S.A.'s shareholders 2,060
Net income 5,975 8,105 18,870
(Loss) net income attributable to noncontrolling interests (191) 122 82
Net income attributable to Vale S.A.'s shareholders $ 6,166 $ 7,983 $ 18,788