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Income taxes - Schedule of Income Tax and Social Contribution Expense (Details) - USD ($)
$ in Thousands
 3 Months Ended 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
Major components of tax expense (income) [abstract]        
Profit (loss) before taxes $ (222,084) $ 736,497 $ 86,609 $ 1,430,601
Brazilian statutory corporate tax rate (34.00%) (34.00%) (34.00%) (34.00%)
Expected tax expense (benefit) $ 75,509 $ (250,409) $ (29,447) $ (486,404)
Adjustments to reconcile taxable income tax expense (benefit):        
Share of profit of equity-accounted investees (42,466) 2,659 4,596 3,589
Non-taxable tax benefits 63,081 56,103 120,833 107,024
Difference of tax rates on taxable income from foreign subsidiaries (25,797) 22,259 (20,070) 46,964
Profits taxed by-foreign jurisdictions 7,836 30,683 (14,725) (81,997)
Current year deferred taxes not recognized and deferred taxes recognized from prior years 35,452 (26,104) (14,948) 76,067
Non-taxable interest - Foreign subsidiaries 3,281 3,145 6,581 6,263
Donations and social programs (1,054) 0 (1,827) 0
SELIC interest on tax credits 504 3,693 1,306 31,315
Brazilian tax incentive law - Lei do Bem 0 1,397 0 1,397
Other permanent differences 9,562 14,391 6,507 15,829
Current and deferred income tax benefit (expense) 125,909 (142,183) 58,806 (279,953)
Current income tax (18,101) (165,666) (51,871) (390,457)
Deferred income tax 144,010 23,483 110,677 110,504
TOTAL INCOME TAXES $ 125,909 $ (142,183) $ 58,806 $ (279,953)
Effective income tax rate (56.69%) (19.31%) 67.90% (19.57%)