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FINANCE EXPENSES AND INCOME - Finance Costs (Details) - BRL (R$) R$ in Millions | 12 Months Ended
--- | ---
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020
Finance Expenses And Income |  |  |
Interest expense | R$ (2,328.3) | R$ (1,431.8) | R$ (1,786.6)
Net Interest on pension plans | (107.9) | (115.6) | (117.2)
Losses on hedging instruments | (3,158.4) | (2,540.2) | (1,919.3)
Interest on provision for disputes and litigation | (456.6) | (290.0) | (208.8)
Exchange variations | (751.1) | (453.9) | (706.4)
Financial instruments at fair value through profit or loss | 0.0 | 0.0 | (4.3)
Tax on financial transactions | (339.6) | (216.6) | (335.0)
Bank guarantee expenses | (176.1) | (174.9) | (188.0)
Other financial results | (574.2) | (204.8) | (164.9)
Total | R$ (7,892.2) | R$ (5,427.8) | R$ (5,430.5)

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