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Consolidated statements of financial position - USD ($)
$ in Millions
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Non-current assets      
Intangible assets $ 491 $ 367 $ 384
Property, plant and equipment 18,736 17,712 17,510
Right-of-use assets 743 631 541
Investments in associates and joint ventures 1,960 1,676 1,905
Deferred income tax assets, net 330 18 17
Other receivables 337 158 205
Trade receivables 1 31 6
Investments in financial assets 0 8 201
Total non-current assets 22,598 20,601 20,769
Current assets      
Assets held for sale 1,537 0 0
Inventories [1] 1,546 1,683 1,738
Contract assets 30 10 1
Other receivables 552 381 808
Trade receivables 1,620 973 1,504
Investments in financial assets 390 264 319
Cash and cash equivalents 1,118 1,123 773
Total current assets 6,793 4,434 5,143
TOTAL ASSETS 29,391 25,035 25,912
SHAREHOLDERS' EQUITY      
Shareholders' contributions 4,506 4,504 4,507
Retained earnings 7,146 4,445 5,947
Shareholders' equity attributable to shareholders of the parent company 11,652 8,949 10,454
Non-controlling interest 218 102 98
TOTAL SHAREHOLDERS' EQUITY 11,870 9,051 10,552
Non-current liabilities      
Provisions 1,084 2,660 2,571
Contract liabilities 114 34 0
Deferred income tax liabilities, net 90 1,242 1,733
Income tax liability 2 4 26
Taxes payable 0 0 1
Salaries and social security 34 0 1
Lease liabilities 406 325 272
Loans 7,035 6,682 5,948
Other liabilities 74 112 19
Accounts payable 6 5 6
Total non-current liabilities 8,845 11,064 10,577
Current liabilities      
Liabilities directly associated with assets held for sale 2,136 0 0
Provisions 116 181 199
Contract liabilities 73 69 77
Income tax liability 126 31 27
Taxes payable 247 139 173
Salaries and social security 412 210 297
Lease liabilities 370 341 294
Loans 1,907 1,508 1,140
Other liabilities 410 122 12
Accounts payable 2,879 2,319 2,564
Total current liabilities 8,676 4,920 4,783
TOTAL LIABILITIES 17,521 15,984 15,360
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY $ 29,391 $ 25,035 $ 25,912
[1] As of December 31, 2024, 2023 and 2022, the carrying amount of inventories does not exceed their net realizable value.