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Leases (Tables)
 12 Months Ended
Dec. 31, 2024
Disclosure Leases Abstract  
Schedule of right of use
             
  December 31, 2023 Additions and contract modifications Depreciation Acquisition of Aliança Energia Deconsolidation of VODC Translation adjustment December 31, 2024
Ports 628 3 (44) - (525) (11) 51
Vessels 415 - (62) - - - 353
Pelletizing plants 193 - (48) - - (36) 109
Properties 80 49 (20) 4 - (19) 94
Energy plants 34 - (5) - - (1) 28
Other 9 31 (8) - - (7) 25
Total 1,359 83 (187) 4 (525) (74) 660
Schedule of lease liabilities
               
  December 31, 2023 Additions and contract modifications Payments (i) Interest Acquisition of Aliança Energia Deconsolidation of VODC Translation adjustment December 31, 2024
Ports 682 3 (63) 19 - (583) (4) 54
Vessels 397 - (55) 14 - - - 356
Pelletizing plants 207 - (46) 8 - - (43) 126
Properties 102 49 (24) 4 4 - (28) 107
Energy plants 49 - (6) 3 - - (3) 43
Other 15 31 (8) 1 - - (12) 27
Total 1,452 83 (202) 49 4 (583) (90) 713
Current liabilities 197             147
Non-current liabilities 1,255             566
Total 1,452             713

 

(i)The total amount of the variable lease payments not included in the measurement of lease liabilities was US$253 recorded in the income statement for the year ended December 31, 2024, (2023: US$112 and 2022: US$367).
Schedule of summary of annual minimum payments related
                               
    2025   2026   2027   2028   2029 onwards   Total   Remaining term (years)   Discount rate
Ports   25   12   1   1   18   57   2 to 18   4% to 5%
Vessels   59   54   53   51   188   405   1 to 8    3% to 4%
Pelletizing plants   39   13   13   13   63   141   1 to 8    2% to 6%
Properties   15   14   12   12   22   75   1 to 14    2% to 6%
Energy plants   8   6   5   5   33   57   2 to 5    5% to 6%
Other   9   6   3   3   1   22   1 to 4    3% to 6%
Total   155   105   87   85   325   757