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Consolidated Statements of Financial Position - USD ($)
$ in Thousands
Dec. 31, 2024
Dec. 31, 2023
Non-current assets    
Property, plant and equipment, net $ 8,381,155 $ 7,637,687
Intangible assets, net 1,022,111 996,048
Investments in non-consolidated companies 468,516 517,265
Other investments 22,979 210,930
Deferred tax assets 1,194,398 1,713,385
Receivables, net 961,298 1,073,245
Non-current assets 12,050,457 12,148,560
Current assets    
Receivables, net 772,726 686,394
Current income tax assets 129,713 486,470
Derivative financial instruments 4,483 15,406
Inventories, net 4,750,511 4,948,376
Trade receivables, net 1,562,058 2,065,499
Other investments 2,160,051 1,975,646
Cash and cash equivalents [1] 1,691,263 1,846,013
Current assets excluding assets classified as held for sale 11,070,805 12,023,804
Assets classified as held for sale 7,285 6,740
Current assets 11,078,090 12,030,544
Total assets 23,128,547 24,179,104
EQUITY    
Capital and reserves attributable to the owners of the parent 11,968,186 12,418,595
Non-controlling interest 4,163,383 4,393,264
Total Equity 16,131,569 16,811,859
Non-current liabilities    
Provisions 552,600 839,921
Deferred tax liabilities 88,707 170,820
Non current tax liabilities 21,436 0
Other liabilities 765,961 1,148,998
Trade payables 5,402 12,030
Lease liabilities 163,666 188,913
Borrowings 1,560,047 1,205,961
Non-current liabilities 3,157,819 3,566,643
Current liabilities    
Current income tax liabilities 106,883 137,388
Other liabilities 629,678 429,713
Trade payables 1,925,526 2,232,654
Derivative financial instruments 50,342 8,220
Lease liabilities 46,458 52,174
Borrowings 670,072 940,453
Current liabilities 3,839,159 3,800,602
Total Liabilities 6,996,978 7,367,245
Total Equity and Liabilities 23,128,547 24,179,104
Usiminas    
Current assets    
Total assets 6,439,000 8,296,000
EQUITY    
Capital and reserves attributable to the owners of the parent 4,309,000 5,484,000
Non-controlling interest 452,000 556,000
Current liabilities    
Provision for ongoing litigation related to the acquisition of a participation in Usiminas 410,200 0
Total Liabilities $ 2,130,000 $ 2,812,000
[1] It includes restricted cash of $2,746, $3,129 and $30 as of December 31, 2024, 2023 and 2022, respectively. In addition, the Company had other investments with a maturity of more than three months for $2,182,874, $2,186,420 and $1,975,490 as of December 31, 2024, 2023 and 2022, respectively.