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NET FINANCIAL RESULT (Details) - BRL (R$)
R$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2023
Jun. 30, 2022
Financial expenses        
Interest on loans, financing and debentures     R$ (1,797,937) R$ (1,742,976)
Amortization of transaction costs     (32,421) (36,838)
Interest expense on lease liabilities     (223,237) (210,597)
Amortization of fair value adjustment       (9,452)
Other     (254,471) (183,660)
Financial expenses     (2,308,066) (2,183,523)
Financial income        
Cash and cash equivalents and marketable securities     683,608 303,822
Other     106,290 48,745
Financial income     789,898 352,567
Results from derivative financial instruments        
Income     6,758,955 8,653,252
Expenses     (1,859,936) (4,032,366)
Results from derivative financial instruments R$ 2,903,766 R$ (1,575,557) 4,899,019 4,620,886
Monetary and exchange rate variations, net        
Exchange rate variation on loans, financing and debentures     4,543,048 3,812,954
Leases     191,986 176,291
Other assets and liabilities     (1,110,099) (818,556)
Monetary and exchange rate variations, net R$ 2,376,817 R$ (4,459,984) 3,624,935 3,170,689
Net financial result     7,005,786 5,960,619
Capitalized loan costs     511,650 108,972
Transaction costs for loans and financing     19 39
Formation cost     R$ 104,137 R$ 84,470