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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
 12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
OPERATING ACTIVITIES      
Consolidated net income $ 960 $ 199 $ 885
Discontinued operations 47 80 483
Net income from continuing operations 913 119 402
Adjustments for:      
Depreciation and amortization of assets 1,250 1,190 1,072
Impairment losses of longed-lived assets 122 43 442
Share of profit of equity accounted investments (93) (98) (30)
Results on sale of associates, fixed assets and others (172) (41) (120)
Financial expense, financial income and other financial items, net 934 523 333
Income taxes 67 1,204 168
Decrease (increase) in working capital, excluding income taxes 231 192 (390)
Cash flows provided by operating activities from continuing operations 3,252 3,132 1,877
Interest paid (621) (549) (493)
Income taxes paid (878) (515) (136)
Net cash flows provided by operating activities from continuing operations 1,753 2,068 1,248
Net cash flows provided by operating activities from discontinued operations 141 154 120
Net cash flows provided by operating activities after interest and income taxes 1,894 2,222 1,368
INVESTING ACTIVITIES      
Investment in property, machinery and equipment, net (1,000) (865) (755)
Investment in intangible assets, net (296) (207) (151)
Disposal (acquisition) of subsidiaries and associates, net 1,020 (189) 341
Non-current assets and others, net 35 22 (14)
Cash flows used in investing activities from continuing operations (241) (1,239) (579)
Net cash flows used in investing activities from discontinued operations (87) (83) (61)
Net cash flows used in investing activities (328) (1,322) (640)
FINANCING ACTIVITIES      
Proceeds from new debt instruments 5,048 2,938 2,006
Debt repayments (5,497) (3,840) (2,420)
Issuance of subordinated notes   992  
Other financial obligations, net (292) (274) (197)
Own shares repurchase program     (111)
Dividends paid (90)    
Shares in trust for future deliveries under share-based compensation (52) (45) (36)
Changes in non-controlling interests (2) (62) (14)
Derivative financial instruments (37) (189) 34
Coupons on subordinated notes (143) (120) (51)
Non-current liabilities, net (188) (101) (172)
Net cash flows used in financing activities (1,253) (701) (961)
Increase (decrease) in cash and cash equivalents from continuing operations 259 128 (292)
Increase in cash and cash equivalents from discontinued operations 54 71 59
Foreign currency translation effect on cash (73) (70) 115
Cash and cash equivalents at beginning of period 624 495 613
CASH AND CASH EQUIVALENTS AT END OF PERIOD 864 624 495
Changes in working capital, excluding income taxes:      
Trade accounts receivable 56 (27) (208)
Other accounts receivable and other assets (45) 21 (23)
Inventories 196 68 (464)
Trade accounts payable 159 (45) 290
Other accounts payable and accrued expenses (135) 175 15
Decrease (increase) in working capital, excluding income taxes $ 231 $ 192 $ (390)