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Consolidated Statement of Cash Flows - USD ($)
$ in Millions
 12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
OPERATING ACTIVITIES      
Income (loss) for the year $ 354.6 $ 164.3 $ (203.5)
ADJUSTMENT TO NET INCOME FOR ITEMS NOT AFFECTING CASH      
Depreciation and amortization expenses 243.6 241.7 210.3
Realization of government grants     (0.5)
Realization of contribution from suppliers (30.2) (29.8) (21.1)
EVE transaction     239.2
Losses (reversal) of impairment losses of inventories 7.0 (4.8) (16.5)
Adjustment to fair value - Financial investments 19.3 (0.4) (1.7)
Expected credit losses (reversal) 21.1 (10.2) 17.4
(Gain) loss on disposal of fixed assets and investments [1] 6.2 (29.3) 41.1
Income tax and social contribution 202.4 (43.6) (87.5)
Accrued interest 174.6 189.7 201.0
Interest on marketable securities, net (18.1) (7.0) (9.8)
Share of (profit) loss of investments accounted for under the equity method 4.3 (10.2) (8.5)
Foreign exchange (gain) loss, net 8.7 7.1 (24.8)
Other provisions 55.4 (7.3) 38.7
Other [2] 5.2 10.9 19.6
CHANGES IN ASSETS      
Financial investments (117.7) 22.9 181.3
Derivative financial instruments (41.5) 21.2 (5.6)
Accounts receivable (159.3) (4.6) (1.1)
Contract assets (114.1) (4.6) 75.2
Customer financing 25.1 6.6 (87.5)
Inventories (370.2) (287.1) (294.3)
Other assets (49.4) (112.4) 10.5
CHANGES IN LIABILITIES      
Trade accounts payable and Trade accounts payable - Supplier finance arrangements 204.8 50.2 257.6
Other payables 24.1 69.1 (19.2)
Contract liabilities 748.1 576.8 450.8
Taxes and payroll charges payable (58.2) 98.6 39.1
Unearned income 2.9 2.8 (15.0)
Income tax and social contribution paid (101.2) (120.8) (50.2)
Interest paid (176.3) (172.8) (183.7)
NET CASH GENERATED IN OPERATING ACTIVITIES 871.2 617.0 751.3
INVESTING ACTIVITIES      
Acquisition of property, plant and equipment (200.4) (238.7) (136.2)
Proceeds from sale of property, plant and equipment 12.2 19.3 5.4
Additions to intangible assets (265.8) (192.1) (119.8)
Additions to investments in subsidiaries and affiliates, net of cash acquired (18.3) (24.0) (0.4)
Investment sale   41.2 158.2
Proceeds from sale of financial investments 49.5 60.2 (17.6)
Acquisition of financial investments (238.0) (58.8)  
Proceeds from (disposal of) loan granted 60.5 (60.5)  
Dividends received 0.6 5.8 0.9
NET CASH USED IN INVESTING ACTIVITIES (599.7) (447.6) (109.5)
FINANCING ACTIVITIES      
Proceeds from loans and financing 775.2 2,000.7 145.4
Repayment of loans and financing (1,155.3) (2,331.9) (961.8)
Capital increase   9.5  
Dividends and interest on own capital   (13.4)  
Receipt in the offering of subsidiary shares 65.6   207.0
Costs in the offering of subsidiary shares (2.4)   (47.9)
Lease payments (18.8) (13.6) (11.9)
NET CASH USED IN FINANCING ACTIVITIES (335.7) (348.7) (669.2)
DECREASE IN CASH AND CASH EQUIVALENTS (64.2) (179.3) (27.4)
Effects of exchange rate changes on cash and cash equivalents 0.9 (10.0) 4.4
Cash and cash equivalents at the beginning of the year 1,626.3 1,815.6 1,838.6
CASH AND CASH EQUIVALENTS AT THE END OF THE YEAR $ 1,563.0 $ 1,626.3 $ 1,815.6
[1] Fixed assets comprise property, plant and equipment, intangible, right of use.
[2] This line item aggregates non-controlling interests and (gain) and loss on shareholding, presented as separate line items in prior years. This change was made to simplify the disclosure.