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v3.22.1

Valuation adjustments (Details) - BRL (R$) R$ in Millions | 12 Months Ended
--- | ---
Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019
Adjustments to actuarial liabilities – Employee benefits | R$ (329) | R$ (340) | R$ (343)
Subsidiary and jointly controlled entity |  |  |
Adjustments to actuarial liabilities – Employee benefits | (2,433) | (2,660) | (2,650)
Deemed cost of PP&E | 554 | 569 | 586
Total | (1,879) | (2,091) | (2,064)
Valuation adjustments | R$ (2,208) | R$ (2,431) | R$ (2,407)

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