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Foreign exchange gains (losses), net

12 Months Ended

Dec. 31, 2018

Text block [abstract]

Foreign exchange gains (losses), net

34.

Foreign exchange gains (losses), net


		12.31.2018				12.31.2017				12.31.2016
						(Restated)				(Restated)
Monetary and foreign exchange variations Assets:
Advances to suppliers*			—				(1.3	)			—
Tax credits			(30.9	)			(2.2	)			28.5
Trade accounts receivable and contract assets			(24.6	)			(38.8	)			14.6
Cash and cash equivalents and financial investments			(80.8	)			(4.0	)			204.2
Other			(25.6	)			(0.4	)			47.5

			(161.9	)			(46.7	)			294.8

Liabilities:
Loans and financing			82.7				6.0				(153.3	)
Advances from customers*			—				25.1				(46.3	)
Provisions			24.3				3.8				(27.6	)
Taxes and charges payable			13.0				1.6				(21.2	)
Accounts payable			17.4				6.8				(18.8	)
Suppliers			2.7				0.1				(11.7	)
Provisions for contingencies			3.3				(1.3	)			(3.2	)
Deferred taxes			(1.3	)			(1.4	)			0.4
Other			(0.9	)			—				(0.5	)

			141.2				40.7				(282.2	)

Net monetary and foreign exchange variations			(20.7	)			(6.0	)			12.6

Derivative instruments			20.7				12.6				(8.2	)

Foreign exchange gain (loss), net			—				6.6				4.4

*	See note to 2.2.1(c) for IFRIC 22 adoption discussions.