XML 45 R38.htm IDEA: XBRL DOCUMENT v3.24.2.u1

Financial instruments and risk management (Tables)

6 Months Ended

Jun. 30, 2024

Disclosure of detailed information about financial instruments [line items]

Disclosure of detailed information about financial instruments [text block]

			Note						06/30/2024						12/31/2023
Assets
Amortized cost
Cash and cash equivalents			5						7,246,498						8,345,871
Trade accounts receivable			7						7,224,926						6,848,454
Other assets (1)									670,095						737,222
									15,141,519						15,931,547
Fair value through other comprehensive income
Investments			14.1						31,364						23,606
									31,364						23,606
Fair value through profit or loss
Derivative financial instruments			4.5.1						3,884,621						4,430,454
Marketable securities			6						14,815,013						13,267,286
									18,699,634						17,697,740
									33,872,517						33,652,893
Liabilities
Amortized cost
Trade accounts payable			17						5,058,959						5,572,219
Loans, financing and debentures			18.1						88,624,374						77,172,692
Lease liabilities			19.2						6,604,352						6,243,782
Liabilities for assets acquisitions and subsidiaries			23						211,226						187,187
Dividends and interests on own capital payable									3,010						1,316,528
Other liabilities (1)									481,507						116,716
									100,983,428						90,609,124
Fair value through profit or loss
Derivative financial instruments			4.5.1						5,732,329						2,436,072
									5,732,329						2,436,072
									106,715,757						93,045,196
									72,843,240						59,392,303

(1)Does not include items not classified as financial instruments.

Disclosure of fair value measurement [text block]

			Yield used to discount/methodology						06/30/2024						12/31/2023
Quoted in the secondary market
In foreign currency
Bonds			Secondary Market						43,616,964						38,703,379
Estimated present value
In foreign currency
Export credits (“Prepayment”)			SOFR						17,671,131						17,783,760
Assets Financing			SOFR						379,014						278,107
ECA - Export Credit Agency			SOFR						691,611
IFC - International Finance Corporation			SOFR						3,165,736						3,198,761
In local currency
BNDES – TJLP			DI 1						175,745						215,458
BNDES – TLP			DI 1						2,285,041						2,712,762
BNDES – Fixed			DI 1						1,757						3,903
BNDES – Selic (“Special Settlement and Custody System”)			DI 1						604,215						686,798
Assets Financing			DI 1						62,955						75,622
Debentures			DI 1/IPCA						10,659,539						8,881,277
NCE (“Export Credit Notes”)			DI 1						95,229						110,396
NCR (“Rural Credit Notes”)			DI 1						2,141,198						2,228,806
Export credits (“Prepayment”)			DI 1						823,967						824,035
									82,374,102						75,703,064

Disclosure of liquidity risk [text block]

																																	06/30/2024
			Book value						Undiscounted cash flow						Up to 1 year						1 - 2 years						2 - 5 years						More than 5 years
Liabilities
Trade accounts payables			5,058,959						5,058,959						5,058,959
Loans, financing and debentures			88,624,374						118,976,266						13,708,238						8,967,446						42,773,201						53,527,381
Lease liabilities			6,604,352						11,631,398						1,230,619						1,113,432						2,930,245						6,357,102
Liabilities for asset acquisitions and subsidiaries			211,226						210,946						91,922						18,624						85,035						15,365
Derivative financial instruments			5,732,329						6,887,436						615,555						191,218						674,980						5,405,683
Dividends and interests on own capital payable			3,010						3,010						3,010
Other liabilities			481,507						481,507						422,471						59,036
			106,715,757						143,249,522						21,130,774						10,349,756						46,463,461						65,305,531

																																	12/31/2023
			Book value						Undiscounted cash flow						Up to 1 year						1 - 2 years						2 - 5 years						More than 5 years
Liabilities
Trade accounts payables			5,572,219						5,572,219						5,572,219
Loans, financing and debentures			77,172,692						105,526,852						7,648,237						12,983,542						31,355,362						53,539,711
Lease liabilities			6,243,782						11,021,519						1,172,568						1,045,795						2,743,793						6,059,363
Liabilities for asset acquisitions and subsidiaries			187,187						215,891						94,948						18,314						87,520						15,109
Derivative financial instruments			2,436,072						2,801,258						66,433						1,278,953						1,191,014						264,858
Dividends and interests on own capital payable			1,316,528						1,316,528						1,316,528
Other liabilities			116,716						116,716						58,955						57,761
			93,045,196						126,570,983						15,929,888						15,384,365						35,377,689						59,879,041

Disclosure of effect of changes in foreign exchange rates [text block]

			06/30/2024						12/31/2023
Assets
Cash and cash equivalents			5,149,219						6,432,557
Marketable securities			2,811,914						7,378,277
Trade accounts receivable			5,393,033						5,049,609
Derivative financial instruments			3,041,184						3,070,594
			16,395,350						21,931,037
Liabilities
Trade accounts payable			(1,200,975)						(1,625,011)
Loans and financing			(71,901,265)						(61,304,673)
Liabilities for asset acquisitions and subsidiaries			(150,121)						(127,598)
Derivative financial instruments			(4,980,878)						(1,867,882)
			(78,233,239)						(64,925,164)
			(61,837,889)						(42,994,127)

Sensitivity analysis for types of market risk [text block]

			06/30/2024
			Effect on profit or loss
			Probable (base value)						Possible (25%)						Remote (50%)
Cash and cash equivalents			5,149,219						1,287,305						2,574,610
Marketable securities			2,811,914						702,979						1,405,957
Trade accounts receivable			5,393,033						1,348,258						2,696,517
Trade accounts payable			(1,200,975)						(300,244)						(600,488)
Loans and financing			(71,901,265)						(17,975,316)						(35,950,633)
Liabilities for asset acquisitions and subsidiaries			(150,121)						(37,530)						(75,061)

Disclosure of derivative financial instruments [text block]

						Notional value, net in U.S.$												Fair value in R$
						06/30/2024						12/31/2023						06/30/2024						12/31/2023
Instruments as part of protection strategy
Operational hedges
Zero Cost Collar						6,547,200						4,500,200						(1,333,266)						1,968,337
NDF (R$ x US$)						357,500						505,000						(77,902)						162,776
NDF (€ x US$)						68,512						262,088						9,371						100,362
Debt hedges
Swap SOFR to Fixed (US$)						1,437,593						2,555,626						391,912						741,492
Swap IPCA to CDI (notional in Brazilian Reais)						5,078,782						4,274,397						(364,433)						47,645
Swap CDI x Fixed (US$)						909,612						1,025,000						(318,356)						(1,081,964)
Pre-fixed Swap to US$ (US$)												200,000												(203,045)
Swap CDI x SOFR (US$)						610,171						125,000						(277,115)						25,774
Swap SOFR to SOFR (US$)						150,961						150,961						(21,923)						(16,615)
Commodity Hedge
Swap US$ e US-CPI (1)						139,342						131,510						66,945						230,471
Zero Cost Collar (Brent)						121,865						163,100						30,535						(3,148)
Swap VLSFO/Brent						76,684						142,794						46,524						22,297
																		(1,847,708)						1,994,382
Current assets																		1,161,258						2,676,526
Non-current assets																		2,723,363						1,753,928
Current liabilities																		(469,544)						(578,763)
Non-current liabilities																		(5,262,785)						(1,857,309)
																		(1,847,708)						1,994,382

(1)The embedded derivative refers to a swap contract for the sale of price variations in US$ and US-CPI within the term of a forest partnership with a standing wood supply contract.

Schedule of fair value by maturity [Table Text Block]

			06/30/2024						12/31/2023
2024			471,913						2,097,763
2025			(230,840)						233,072
2026			(379,675)						(574,871)
2027 onwards			(1,709,106)						238,418
			(1,847,708)						1,994,382

Disclosure of Positions of Derivative Financial Instruments [Table Text Block]

												Notional value												Fair value
						Currency						06/30/2024						12/31/2023						06/30/2024						12/31/2023
Debt hedges
Assets
Swap CDI to Fixed						US$						4,748,394						3,898,011						1,618,434						223,776
Swap Pre-Fixed to US$						US$												738,800
Swap SOFR to Fixed						US$						1,437,593						2,555,626						430,489						1,104,984
Swap IPCA to CDI						R$						5,229,379						4,320,471						308,989						161,542
Swap CDI to SOFR						US$						3,117,625						644,850						679,637						32,560
Swap SOFR to SOFR						US$						150,961						150,961						6,717						6,681
																								3,044,266						1,529,543
Liabilities
Swap CDI to Fixed						US$						909,612						1,025,000						(1,936,790)						(1,305,740)
Swap Pre-Fixed to US$						US$												200,000												(203,045)
Swap SOFR to Fixed						US$						1,437,593						2,555,626						(38,577)						(363,492)
Swap IPCA to CDI						R$						5,078,782						4,274,397						(673,422)						(113,897)
Swap CDI to SOFR						US$						610,171						125,000						(956,752)						(6,786)
Swap SOFR to SOFR						US$						150,961						150,961						(28,640)						(23,296)
																								(3,634,181)						(2,016,256)
																								(589,915)						(486,713)
Operational hedge
Zero Cost Collar (US$ x R$)						US$						6,547,200						4,500,200						(1,333,266)						1,968,337
NDF (R$ x US$)						US$						357,500						505,000						(77,902)						162,776
NDF (€ x US$)						US$						68,512						262,088						9,371						100,362
																								(1,401,797)						2,231,475
Commodity hedge
Swap US-CPI (standing wood) (1)						US$						139,342						131,510						66,945						230,471
Zero Cost Collar (Brent)						US$						121,865						163,100						30,535						(3,148)
Swap VLSFO/Brent						US$						76,684						142,794						46,524						22,297
																								144,004						249,620
																								(1,847,708)						1,994,382

(1)The embedded derivative refers to the swap contracts for selling price variations in US$ and the US-CPI in forest partnership with a standing wood supply contract.

Disclosure of Settled Derivatives [Table Text Block]

			06/30/2024						12/31/2023
Operational hedge
Zero Cost Collar (R$ x US$)			580,961						2,987,953
NDF (R$ x US$)			39,368						155,458
NDF (€ x US$)			57,391						84,332
			677,720						3,227,743
Commodity hedge			63,904						80,516
Swap VLSFO/other			63,904						80,516
Debt hedge
Swap CDI to Fixed (US$)			(1,562,218)						(438,417)
Swap IPCA to CDI (Brazilian Reais)			(14,722)						256,683
Swap IPCA to Fixed (US$)									21,139
Swap Pre-Fixed to US$			(221,462)						(104,827)
Swap SOFR to SOFR			800
Swap CDI to SOFR (US$)			(22,911)						7,729
Swap SOFR to Fixed (US$)			396,102						508,720
			(1,424,411)						251,027
			(682,787)						3,559,286

Disclosure of Fair Value Hierarchy [Table Text Block]

																		06/30/2024
						Level 2						Level 3						Total
Assets
At fair value through profit or loss
Derivative financial instruments						3,884,621												3,884,621
Marketable securities						14,815,013												14,815,013
						18,699,634												18,699,634
At fair value through other comprehensive income
Other investments												31,364						31,364
												31,364						31,364
Biological assets												19,801,748						19,801,748
												19,801,748						19,801,748
Total assets						18,699,634						19,833,112						38,532,746
Liabilities
At fair value through profit or loss
Derivative financial instruments						5,732,329												5,732,329
						5,732,329												5,732,329
						5,732,329												5,732,329

															12/31/2023
			Level 2						Level 3						Total
Assets
At fair value through profit or loss
Derivative financial instruments			4,430,454												4,430,454
Marketable securities			13,267,286												13,267,286
			17,697,740												17,697,740
At fair value through other comprehensive income
Other investments - CelluForce									23,606						23,606
									23,606						23,606
Biological assets									18,278,582						18,278,582
									18,278,582						18,278,582
Total assets			17,697,740						18,302,188						35,999,928
Liabilities
At fair value through profit or loss
Derivative financial instruments			2,436,072												2,436,072
			2,436,072												2,436,072
Total liabilities			2,436,072												2,436,072

Currency risk [member] | Derivative financial instruments

Disclosure of detailed information about financial instruments [line items]

Disclosure of derivative financial instruments [text block]

			06/30/2024
			Effect on profit or loss
			Probable (base value)						Possible 25%						Remote 50%
Dollar/Real
Derivative financial instruments
Derivative options			(1,333,266)						(6,410,594)						(14,619,086)
Derivative swaps			(589,917)						(2,262,706)						(4,443,068)
Derivative Non-Deliverable Forward (‘NDF’) Contracts			(77,902)						(318,622)						(671,020)
Embedded derivatives			66,945						(155,851)						(311,701)
NDF parity derivatives (1)			9,371						(154,754)						(273,597)
Commodity Derivatives			77,059						19,264						38,528
Dollar/Euro
Derivative financial instruments
NDF parity derivatives (1)			9,371						(93,190)						(192,420)

(1)Long positions at US$/EUR parity in order to protect the Capex cash flow of the Cerrado Project against the appreciation of the Euro.

Interest rate risk [member] | Financial instruments, excluding derivatives

Disclosure of detailed information about financial instruments [line items]

Sensitivity analysis for types of market risk [text block]

			06/30/2024
			Effect on profit or loss
			Probable						Possible (25%)						Remote (50%)
CDI/SELIC
Cash and cash equivalents			1,952,958						(50,777)						(101,554)
Marketable securities			11,208,299						(291,416)						(582,832)
Loans and financing			9,240,306						292,225						584,449
TJLP
Loans and financing			224,140						3,922						7,845
SOFR
Loans and financing			24,015,749						323,942						647,885

Interest rate risk [member] | Derivative financial instruments

Disclosure of detailed information about financial instruments [line items]

Sensitivity analysis for types of market risk [text block]

06/30/2024

Effect on profit or loss

Probable

Probable 25%

Remote 50%

CDI

Derivative financial instruments

Liabilities

Derivative options

(1,333,266)

(662,127)

(1,317,419)

Derivative swaps

(589,917)

(80,807)

(158,606)

SOFR

Derivative financial instruments

Liabilities

Derivative swaps

(589,917)

(143,819)

(275,609)

Other price risk [member] | Derivative financial instruments

Disclosure of detailed information about financial instruments [line items]

Sensitivity analysis for types of market risk [text block]

06/30/2024

Effect on profit or loss

Probable (base value)

Possible (25%)

Remote (50%)

Embedded derivative in a commitment to purchase standing wood, originating from a forest partnership agreement

66,945

(33,119)

(68,055)

X

- Definition

The disclosure of derivative financial instruments. [Refer: Derivatives [member]]

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Name IAS
-Number 1
-IssueDate 2023-01-01
-Paragraph 10
-Subparagraph e
-URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&num=1&code=ifrs-tx-2023-en-r&anchor=para_10_e&doctype=Standard
-URIDate 2023-03-23

+ Details

Name:	ifrs-full_DisclosureOfDerivativeFinancialInstrumentsExplanatory
Namespace Prefix:	ifrs-full_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

The disclosure of detailed information about financial instruments. [Refer: Financial instruments, class [member]]

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Name IFRS
-Number 7
-IssueDate 2023-01-01
-Paragraph 31
-URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&num=7&code=ifrs-tx-2023-en-r&anchor=para_31&doctype=Standard
-URIDate 2023-03-23

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Name IFRS
-Number 7
-IssueDate 2023-01-01
-Paragraph 7
-URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&num=7&code=ifrs-tx-2023-en-r&anchor=para_7&doctype=Standard
-URIDate 2023-03-23

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Name IFRS
-Number 7
-IssueDate 2023-01-01
-Paragraph 35K
-URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&num=7&code=ifrs-tx-2023-en-r&anchor=para_35K&doctype=Standard
-URIDate 2023-03-23

+ Details

Name:	ifrs-full_DisclosureOfDetailedInformationAboutFinancialInstrumentsExplanatory
Namespace Prefix:	ifrs-full_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

The entire disclosure for the effect of changes in foreign exchange rates.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Name IAS
-Number 21
-IssueDate 2023-01-01
-Section Disclosure
-URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&num=21&code=ifrs-tx-2023-en-r&doctype=Standard&dita_xref=IAS21_g51-57_TI
-URIDate 2023-03-23

+ Details

Name:	ifrs-full_DisclosureOfEffectOfChangesInForeignExchangeRatesExplanatory
Namespace Prefix:	ifrs-full_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

The entire disclosure for fair value measurement.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Name IFRS
-Number 13
-IssueDate 2023-01-01
-Section Disclosure
-URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&num=13&code=ifrs-tx-2023-en-r&doctype=Standard&dita_xref=IFRS13_g91-99_TI
-URIDate 2023-03-23

+ Details

Name:	ifrs-full_DisclosureOfFairValueMeasurementExplanatory
Namespace Prefix:	ifrs-full_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Line items represent concepts included in a table. These concepts are used to disclose reportable information associated with members defined in one or many axes of the table.

+ References

No definition available.

+ Details

Name:	ifrs-full_DisclosureOfFinancialInstrumentsLineItems
Namespace Prefix:	ifrs-full_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

X

- Definition

The disclosure of liquidity risk. [Refer: Liquidity risk [member]]

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Name IAS
-Number 1
-IssueDate 2023-01-01
-Paragraph 10
-Subparagraph e
-URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&num=1&code=ifrs-tx-2023-en-r&anchor=para_10_e&doctype=Standard
-URIDate 2023-03-23

+ Details

Name:	ifrs-full_DisclosureOfLiquidityRiskExplanatory
Namespace Prefix:	ifrs-full_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

The disclosure of the sensitivity analysis for types of market risk to which the entity is exposed, showing how profit or loss and equity would have been affected by changes in the relevant risk variable that were reasonably possible at that date. [Refer: Market risk [member]]

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Name IFRS
-Number 7
-IssueDate 2023-01-01
-Paragraph 40
-Subparagraph a
-URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&num=7&code=ifrs-tx-2023-en-r&anchor=para_40_a&doctype=Standard
-URIDate 2023-03-23

+ Details

Name:	ifrs-full_SensitivityAnalysisForEachTypeOfMarketRisk
Namespace Prefix:	ifrs-full_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Disclosure of Fair Value Hierarchy

+ References

No definition available.

+ Details

Name:	suz_DisclosureOfFairValueHierarchyTableTextBlock
Namespace Prefix:	suz_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Disclosure of Positions of Derivative Financial Instruments

+ References

No definition available.

+ Details

Name:	suz_DisclosureOfPositionsOfDerivativeFinancialInstrumentsTableTextBlock
Namespace Prefix:	suz_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Disclosure of Settled Derivatives

+ References

No definition available.

+ Details

Name:	suz_DisclosureOfSettledDerivativesTableTextBlock
Namespace Prefix:	suz_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Schedule of fair value by maturity

+ References

No definition available.

+ Details

Name:	suz_ScheduleOfFairValueByMaturityTableTextBlock
Namespace Prefix:	suz_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Details

Name:	ifrs-full_TypesOfRisksAxis=ifrs-full_CurrencyRiskMember
Namespace Prefix:
Data Type:	na
Balance Type:
Period Type:

X

- Details

Name:	ifrs-full_ClassesOfFinancialInstrumentsAxis=ifrs-full_DerivativesMember
Namespace Prefix:
Data Type:	na
Balance Type:
Period Type:

X

- Details

Name:	ifrs-full_TypesOfRisksAxis=ifrs-full_InterestRateRiskMember
Namespace Prefix:
Data Type:	na
Balance Type:
Period Type:

X

- Details

Name:	ifrs-full_ClassesOfFinancialInstrumentsAxis=suz_FinancialInstrumentsExcludingDerivativesMember
Namespace Prefix:
Data Type:	na
Balance Type:
Period Type:

X

- Details

Name:	ifrs-full_TypesOfRisksAxis=ifrs-full_OtherPriceRiskMember
Namespace Prefix:
Data Type:	na
Balance Type:
Period Type: