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Consolidated Statements of Changes in Equity - USD ($)
$ in Thousands
Total
Cumulative Effect, Period of Adoption, Adjustment
IFRS 9
Cumulative Effect, Period of Adoption, Adjustment
IAS 29
Cumulative Effect, Period of Adoption, Adjusted Balance
Capital stock
Capital stock
Cumulative Effect, Period of Adoption, Adjusted Balance
 [1],[2]
Treasury shares
Treasury shares
Cumulative Effect, Period of Adoption, Adjusted Balance
 [1],[2]
Initial public offering expenses
Initial public offering expenses
Cumulative Effect, Period of Adoption, Adjusted Balance
 [1]
Reserves
Reserves
Cumulative Effect, Period of Adoption, Adjustment
IFRS 9
 [1],[3]
Reserves
Cumulative Effect, Period of Adoption, Adjusted Balance
 [1],[3]
Capital stock issue discount
Capital stock issue discount
Cumulative Effect, Period of Adoption, Adjusted Balance
 [1],[4]
Currency translation adjustment
Currency translation adjustment
Cumulative Effect, Period of Adoption, Adjusted Balance
 [1]
Retained earnings
Retained earnings
Cumulative Effect, Period of Adoption, Adjustment
IFRS 9
 [1]
Retained earnings
Cumulative Effect, Period of Adoption, Adjustment
IAS 29
 [1]
Retained earnings
Cumulative Effect, Period of Adoption, Adjusted Balance
 [1]
Total
Total
Cumulative Effect, Period of Adoption, Adjustment
IFRS 9
 [1]
Total
Cumulative Effect, Period of Adoption, Adjustment
IAS 29
 [1]
Total
Cumulative Effect, Period of Adoption, Adjusted Balance
 [1]
Non-controlling interest
Non-controlling interest
Cumulative Effect, Period of Adoption, Adjustment
IFRS 9
Non-controlling interest
Cumulative Effect, Period of Adoption, Adjustment
IAS 29
Non-controlling interest
Cumulative Effect, Period of Adoption, Adjusted Balance
Acquisition reserve
Beginning balance at Dec. 31, 2017 $ 5,852,771 $ 507 $ 690,326 $ 6,543,604 $ 2,004,743 [1],[2] $ 2,004,743 $ (150,000) [1],[2] $ (150,000) $ (23,295) [1] $ (23,295) $ 1,416,121 [1],[3] $ 450 $ 1,416,571 $ (2,324,866) [1],[4] $ (2,324,866) $ (2,403,664) [1] $ (2,403,664) $ 6,491,385 [1] $ (147) $ 421,502 $ 6,912,740 $ 5,010,424 [1] $ 303 $ 421,502 $ 5,432,229 $ 842,347 $ 204 $ 268,824 $ 1,111,375  
Changes in equity [abstract]                                                            
Profit for the year 1,662,132                                 1,506,647 [1]       1,506,647 [1]       155,485        
Other comprehensive income [abstract]                                                            
Currency translation adjustment (449,981)                             (298,813) [1]           (298,813) [1]       (151,168)        
Remeasurement of post employment benefit obligations (32,784)                   (29,418) [1],[3]                     (29,418) [1]       (3,366)        
Cash flow hedges and others, net of tax (205)                   (288) [1],[3]                     (288) [1]       83        
Others (1,312)                   (1,164) [1],[3]                     (1,164) [1]       (148)        
Total comprehensive income for the year 1,177,850                   (30,870) [1],[3]         (298,813) [1]   1,506,647 [1]       1,176,964 [1]       886        
Dividends paid in cash [5] (215,938)                                 (215,938) [1]       (215,938) [1]       0        
Dividends paid in cash to non-controlling interest [6] (20,940)                                                 (20,940)        
Ending balance at Dec. 31, 2018 $ 7,484,576       2,004,743 [1],[2],[7]   $ (150,000) [1],[2],[7]   (23,295) [1]   1,385,701 [1],[3],[8]     (2,324,866) [9],[10]   (2,702,477) [1]   8,203,449 [1]       6,393,255 [1]       1,091,321        
Other comprehensive income [abstract]                                                            
Dividends paid, per share (in dollars per share) $ 0.11                                                          
Dividends paid, USD per ADS (in dollars per share) $ 1.10                                                          
Dividends not paid on Treasury Shares $ 4,600                                                          
Number of shares authorised (in shares) 3,500,000,000                                                          
Par value per share (in dollars per share) $ 1.00                                                          
Number of shares issued (in shares) 2,004,743,442                                                          
Number of shares in entity held by entity or by its subsidiaries or associates             41,666,666                                              
Legal reserve $ 200,500                                                          
Undistributable reserve 1,400,000                                                          
Reserve of cash flow hedges, net of tax 500                                                          
Other reserves                                                           $ (88,500)
Profit for the year 630,045                                 564,269 [10]       564,269 [10]       65,776        
Currency translation adjustment (61,925)                             (57,569) [10]           (57,569) [10]       (4,356)        
Remeasurement of post employment benefit obligations (67,207)                   (60,730) [8],[10]                     (60,730) [10]       (6,477)        
Cash flow hedges and others, net of tax (525)                   (268) [8],[10]                     (268) [10]       (257)        
Others (202)                   (229) [8],[10]                     (229) [10]       27        
Total comprehensive income for the year 500,186                   (61,227) [8],[10]     0 [9],[10]   (57,569) [10]   564,269 [10]       445,473 [10]       54,713        
Dividends paid in cash [11] (235,569)                                 (235,569) [10]       (235,569) [10]       0        
Dividends paid in cash to non-controlling interest [12] (28,530)                                                 (28,530)        
Acquisition of non-controlling interest (5,790)                   8,506 [8],[10],[13]                     8,506 [10],[13]       (14,296) [13]        
Ending balance at Dec. 31, 2019 $ 7,714,873       2,004,743 [7],[10],[14],[15]   $ (150,000) [7],[10],[14],[15]   (23,295) [10],[14]   1,332,980 [8],[10],[14],[16]     (2,324,866) [9],[10],[14]   (2,760,046) [10],[14]   8,532,149 [10],[14]       6,611,665 [10],[14]       1,103,208        
Other comprehensive income [abstract]                                                            
Dividends paid, per share (in dollars per share) $ 0.12                                                          
Dividends paid, USD per ADS (in dollars per share) $ 1.20                                                          
Dividends not paid on Treasury Shares $ 5,000                                                          
Number of shares authorised (in shares) 3,500,000,000                                                          
Par value per share (in dollars per share) $ 1.00                                                          
Number of shares issued (in shares) 2,004,743,442                                                          
Number of shares in entity held by entity or by its subsidiaries or associates             41,666,666                                              
Legal reserve $ 200,500                                                          
Undistributable reserve 1,400,000                                                          
Reserve of cash flow hedges, net of tax (100)                                                          
Other reserves                                                           (80,000)
Profit for the year 867,871                                 778,468 [14]       778,468 [14]       89,403        
Currency translation adjustment (108,919)                             (100,983) [14]           (100,983) [14]       (7,936)        
Remeasurement of post employment benefit obligations (11,036)                   (9,340) [14],[16]                     (9,340) [14]       (1,696)        
Cash flow hedges and others, net of tax (186)                   (95) [14],[16]                     (95) [14]       (91)        
Others (2,436)                   (1,383) [14],[16]                     (1,383) [14]       (1,053)        
Total comprehensive income for the year 745,294                   (10,818) [14],[16]         (100,983) [14]   778,468 [14]       666,667 [14]       78,627        
Acquisition of non-controlling interest [17] (17,014)                   7,783 [14],[16]                     7,783 [14]       (24,797)        
Ending balance at Dec. 31, 2020 $ 8,443,153       $ 2,004,743 [14],[15]   $ (150,000) [14],[15]   $ (23,295) [14]   $ 1,329,945 [14],[16]     $ (2,324,866) [14],[18]   $ (2,861,029) [14]   $ 9,310,617 [14]       $ 7,286,115 [14]       $ 1,157,038        
Other comprehensive income [abstract]                                                            
Number of shares authorised (in shares) 3,500,000,000                                                          
Par value per share (in dollars per share) $ 1.00                                                          
Number of shares issued (in shares) 2,004,743,442                                                          
Number of shares in entity held by entity or by its subsidiaries or associates             41,666,666                                              
Legal reserve $ 200,500                                                          
Undistributable reserve 1,400,000                                                          
Reserve of cash flow hedges, net of tax $ (200)                                                          
Other reserves                                                           $ (72,200)
[1] Shareholders’ equity is determined in accordance with accounting principles generally accepted in Luxembourg.
[2] The Company has an authorized share capital of a single class of 3.5 billion shares having a nominal value of $1.00 per share. As of December 31, 2018, there were 2,004,743,442 shares issued. All issued shares are fully paid. Also, as of December 31, 2018, the Company held 41,666,666 shares as treasury shares.
[3] Include mainly legal reserve under Luxembourg law for $200.5 million, undistributable reserves under Luxembourg law for $1.4 billion, hedge accounting reserve, net of tax effect, for $0.5 million and reserves related to the acquisition of non-controlling interest in subsidiaries for $(88.5) million.
[4] Represents the difference between book value of non-monetary contributions received from shareholders under Luxembourg GAAP and IFRS.
[5] Represents $0.11 per share ($1.10 per ADS). Related to the dividends distributed on May 2, 2018, and as 41,666,666 shares are held as treasury shares by Ternium, the dividends attributable to these treasury shares amounting to $4.6 million were included in equity as less dividend paid.
[6] Corresponds to the dividends paid by Ternium Argentina S.A.
[7] The Company has an authorized share capital of a single class of 3.5 billion shares having a nominal value of $1.00 per share. As of December 31, 2019, there were 2,004,743,442 shares issued. All issued shares are fully paid. Also, as of December 31, 2019, the Company held 41,666,666 shares as treasury shares.
[8] Include mainly legal reserve under Luxembourg law for $200.5 million, undistributable reserves under Luxembourg law for $1.4 billion, hedge accounting reserve, net of tax effect, for $(0.1) million and reserves related to the acquisition of non-controlling interest in subsidiaries for $(80.0) million.
[9] Represents the difference between book value of non-monetary contributions received from shareholders under Luxembourg GAAP and IFRS.
[10] Shareholders’ equity is determined in accordance with accounting principles generally accepted in Luxembourg.
[11] Represents $0.12 per share ($1.20 per ADS). Related to the dividends distributed on May 6, 2019, and as 41,666,666 shares are held as treasury shares by Ternium, the dividends attributable to these treasury shares amounting to $5.0 million were included in equity as less dividend paid.
[12] Corresponds to the dividends paid by Ternium Argentina S.A.
[13] Corresponds to the acquisition of non-controlling interest participation of Ternium Argentina S.A..
[14] Shareholders’ equity determined in accordance with accounting principles generally accepted in Luxembourg is disclosed in Note 24 (iii).
[15] The Company has an authorized share capital of a single class of 3.5 billion shares having a nominal value of $1.00 per share. As of December 31, 2020, there were 2,004,743,442 shares issued. All issued shares are fully paid. Also, as of December 31, 2020, the Company held 41,666,666 shares as treasury shares.
[16] Include mainly legal reserve under Luxembourg law for $200.5 million, undistributable reserves under Luxembourg law for $1.4 billion, hedge accounting reserve, net of tax effect, for $(0.2) million and reserves related to the acquisition of non-controlling interest in subsidiaries for $(72.2) million.
[17] Corresponds to the acquisition of non-controlling interest participation of Ternium Argentina S.A..
[18] Represents the difference between book value of non-monetary contributions received from shareholders under Luxembourg GAAP and IFRS.