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EMPLOYEE BENEFITS (Tables)
 12 Months Ended
Dec. 31, 2025
Notes and other explanatory information [abstract]  
Schedule of net defined benefit plans
     
  2025  2024  2023 
Present value of funded obligations (5,241.4) (5,630.2) (5,365.5)
Fair value of plan assets 4,733.8  4,943.5  4,604.6 
Present value of net obligations (507.6) (686.7) (760.9)
Present value of unfunded obligations (932.8) (961.1) (917.2)
Present value of net obligations  (1,440.4) (1,647.8) (1,678.1)
Asset ceiling (397.6) (367.6) (182.6)
Net liabilities (1,838.0) (2,015.4) (1,860.7)
Other long term employee benefits (144.8) (150.8) (93.9)
Total employee benefits (1,982.8) (2,166.2) (1,954.6)
Employee benefits amount in the balance sheet      
Liabilities  (2,012.7) (2,236.7) (2,011.9)
Assets  29.9  70.5  57.3 
Net liabilities (1,982.8) (2,166.2) (1,954.6)
Schedule of present value of the defined benefit obligations and fair value of plan assets
                             
 
  Present value of net obligations    Fair value of plan assets   Asset ceiling   Total liabilities
  2025 2024 2023   2025 2024 2023   2025 2024 2023   2025 2024 2023
Defined benefit obligation at January 1 (6,591.3) (6,282.7) (6,397.5)   4,943.5  4,604.6  4,543.3    (367.6) (182.6) (163.3)   (2,015.4) (1,860.7) (2,017.5)
                               
Recognized in the income statement                              
Service costs (37.8) (43.3) (24.1)   -    -    -      -    -    -      (37.8) (43.3) (24.1)
Interest costs (383.7) (382.1) (413.4)   -    -    -      (40.5) (16.8) (16.2)   (424.2) (398.9) (429.6)
Interest income -    -    -      316.6  281.3  318.1    -    -    -      316.6  281.3  318.1 
Administrative costs -    -    -      (9.2) (8.3) (5.2)   -    -    -      (9.2) (8.3) (5.2)
Curtailments, settlements and other -    -    -      4.0  3.5  (4.8)   -    -    -      4.0  3.5  (4.8)
Subtotal (421.5) (425.4) (437.5)   311.4  276.5  308.1    (40.5) (16.8) (16.2)   (150.6) (165.7) (145.6)
                               
Included in the comprehensive income for the period.                              
Gains/(losses) on settlements or reductions in benefits 3.9  3.7  2.5    -    -    -      -    -    -      3.9  3.7  2.5 
Actuarial gains/(losses) - demographic assumptions -    -    11.5    -    -    -      -    -    -      -    -    11.5 
Actuarial gains/(losses) - financial assumptions 32.3  253.1  (297.0)   -    -    -      10.5  (168.2) (3.1)   42.8  84.9  (300.1)
Experience adjustments (147.0) 85.7  91.2    -    -    -      -    -    -      (147.0) 85.7  91.2 
Effects of exchange differences 387.7  (750.7) 216.7    (250.8) 450.9  (102.0)   -    -    -      136.9  (299.8) 114.7 
Expected return, excluding interest income -    -    -      86.5  (103.6) 101.7    -    -    -      86.5  (103.6) 101.7 
Subtotal 276.9  (408.2) 24.9    (164.3) 347.3  (0.3)   10.5  (168.2) (3.1)   123.1  (229.1) 21.5 
                               
Others                              
Contributions by plan participants (4.4) (4.8) (4.2)   4.4  4.6  4.6    -    -    -      -    (0.2) 0.4 
Reclassifications 9.9  0.3  -      -    -    -      -    -    -      9.9  0.3  -   
Contributions by employer -    -    -      236.5  240.3  280.5    -    -    -      236.5  240.3  280.5 
Transfers -    -    -      (42.4) -    -      -    -    -      (42.4) -    -   
Benefits paid, excluding administrative costs 556.2  529.5  531.6    (555.3) (529.8) (531.6)   -    -    -      0.9  (0.3) -   
Subtotal 561.7  525.0  527.4    (356.8) (284.9) (246.5)   -    -    -      204.9  240.1  280.9 
                               
Total (6,174.2) (6,591.3) (6,282.7)   4,733.8  4,943.5  4,604.6    (397.6) (367.6) (182.6)   (1,838.0) (2,015.4) (1,860.7)
Schedule of employee benefit revenue expenses
     
  2025  2024  2023 
Cost of sales (21.3) (32.1) (15.1)
Commercial expenses (9.4) (11.8) (7.3)
Administrative income/(expenses) (12.2) (9.2) (8.9)
Financial expenses (107.7) (112.6) (114.3)
  (150.6) (165.7) (145.6)
Schedule of asset ceiling
     
  2025 2024 2023
Position of plan assets as of January 1st 70.5  57.3  56.6 
Effect of subsidiary sale (i) (36.0) -    -   
Interest income/(expenses) 3.6  4.2  4.9 
Change in asset ceiling excluding amounts included in interest income/(expenses) 5.6  (6.3) (0.1)
Effects of exchange differences (7.3) 15.3  (4.1)
Other (6.4) -    -   
Position of plan assets as of December 31 30.0  70.5  57.3 

 

(i)As disclosed in note 1 - Corporate Information, item 1.3.3 – Sale of subsidiary.
Schedule of plans assets
                     
  2025   2024   2023
  Rated Unrated Total   Rated Unrated Total   Rated Unrated Total
Government bonds 34% -    34%   35% -    35%   43% -    43%
Corporate bonds 12% -    12%   9% -    9%   10% -    10%
Equity instruments 31% -    31%   27% -    27%   15% -    15%
Cash 21% -    21%   16% -    16%   6% -    6%
Others 2% -    2%   13% -    13%   26% -    26%
Schedule of assumptions
     
  2025 (i) 2024 (i) 2023 (i)
Discount rate 4,7% to 22,6% 4,6% to 11,6% 4,6% to 11,7%
Inflation 2,0% to 18,5% 2,0% to 5,0% 2,0% to 3,5%
Future salary increases  1,0% to 19,7% 1,0% to 8,7% 1,0% to 7,1%
Future pension increases 2,7% to 4,0% 2,7% to 4,0% 2,7% to 3,8%
Medical costs trend rate  6,3% to 7,1%  6,3% to 7,1%  6,4% to 7,1%
Dental claims trend rate  3,5% 3,5% 3.5%
       
Life expectancy for a male over 65 years old  84 to 87 84 to 87 84 to 87
Life expectancy for a female over 65 years old 86 to 89 86 to 89 86 to 89

 

(i)Includes assumptions in Brazil, Central America and Caribbean, Latin America - South and Canada.
Schedule of sensitivity of the defined benefit obligation
                 
In millions of Brazilian Reais   2025   2024   2023
  Change in assumption Increase in assumption Decrease in assumption   Increase in assumption Decrease in assumption   Increase in assumption Decrease in assumption
Medical cost trend rate 100 bases points  (83.7) 73.4    (80.1) 69.4    (95.2) 82.2 
Discount rate 50 bases points  256.0  (271.6)   315.1  (236.7)   284.8  (302.4)
Future salary increases 50 bases points  (14.5) 12.5    (4.6) 25.9    (17.3) 14.7 
Longevity One year (180.9) 177.5    (150.2) 241.4    (201.0) 196.1