XML 86 R77.htm IDEA: XBRL DOCUMENT v3.23.3
FINANCIAL INSTRUMENTS AND RISKS MANAGEMENT - Derivatives outstanding by type of contract (Details)
R$ in Thousands, $ in Thousands
Jun. 30, 2023
USD ($)
Jun. 30, 2023
BRL (R$)
Dec. 31, 2022
USD ($)
Dec. 31, 2022
BRL (R$)
Financial Instruments and Risks        
Fair value   R$ 3,261,071   R$ 26,954
Operational Hedge        
Financial Instruments and Risks        
Fair value   3,501,710   1,754,670
Operational Hedge | ZCC        
Financial Instruments and Risks        
Notional Amount | $ $ 4,815,050   $ 6,866,800  
Fair value   3,201,865   1,596,089
Operational Hedge | NDF (R$ x US$)        
Financial Instruments and Risks        
Notional Amount 243,100 243,100 248,100 248,100
Fair value   159,434   (2,474)
Operational Hedge | NDF (Euro x US$)        
Financial Instruments and Risks        
Notional Amount | $ 399,328   544,702  
Fair value   140,411   161,055
Debt Hedges        
Financial Instruments and Risks        
Fair value   (450,678)   (1,768,134)
Debt Hedges | Swap LIBOR to Fixed (US$)        
Financial Instruments and Risks        
Notional Amount | $ 3,143,877   3,200,179  
Fair value   927,104   1,052,546
Debt Hedges | Swap IPCA to CDI        
Financial Instruments and Risks        
Notional Amount | $ 2,130,618   1,741,787  
Fair value   245,159   278,945
Debt Hedges | Swap IPCA to Fixed (US$)        
Financial Instruments and Risks        
Notional Amount | $     121,003  
Fair value       (29,910)
Debt Hedges | Swap CDI x Fixed (US$)        
Financial Instruments and Risks        
Notional Amount | $ 1,265,004   1,863,534  
Fair value   (1,262,085)   (2,566,110)
Debt Hedges | Pre-fixed Swap to US$ (US$)        
Financial Instruments and Risks        
Notional Amount | $ 350,000   350,000  
Fair value   (360,856)   (503,605)
Commodity Hedge        
Financial Instruments and Risks        
Fair value   210,039   40,418
Commodity Hedge | Swap US-CPI (U.S.$)        
Financial Instruments and Risks        
Notional Amount | $ 130,810   $ 124,960  
Fair value   187,618   R$ 40,418
Commodity Hedge | Swap VLSFO/Brent        
Financial Instruments and Risks        
Notional Amount | $ $ 128,307      
Fair value   R$ 22,421