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EMPLOYEE BENEFITS (Tables) | 12 Months Ended
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Dec. 31, 2020
EMPLOYEE BENEFITS |
Schedule of total assets and liabilities of all types of employee benefits granted |
|  | 2020 |  | 2019
Plan assets - Defined contribution pension plan |  | 39,196 |  | 45,381
Total assets |  | 39,196 |  | 45,381
Actuarial liabilities - Defined benefit pension plan |  | 1,441,592 |  | 1,138,592
Acturial liabilities - Post-employment health care benefit |  | 362,944 |  | 298,989
Retirement and termination benefit liabilities |  | 56,903 |  | 32,863
Total liabilities |  | 1,861,439 |  | 1,470,444
Current |  | 208 |  | 495
Non-current |  | 1,861,231 |  | 1,469,949
Post-employment defined benefit pension plans |
EMPLOYEE BENEFITS |
Summary of sensitivity analysis |
|  | 1% Increase |  | 1% Decrease
Discount rate |  | (17,965) |  | 12,482
Defined benefit pension plan |
EMPLOYEE BENEFITS |
Schedule of current expenses of benefit plans |
|  | 2020 |  | 2019 |  | 2018
Cost of current service |  | 69,323 |  | 54,518 |  | 60,803
Interest expense |  | 191,326 |  | 189,544 |  | 82,513
Return on plan assets |  | (156,475) |  | (163,148) |  | (59,692)
Past service cost |  | 3,967 |  | 2,302 |  | 7,065
Settlement |  | (11,609) |  | (4,712) |  | 3,220
Interest cost on unrecoverable surplus |  | 7,413 |  | 16,247 |  | 20,023
Net pension cost |  | 103,945 |  | 94,751 |  | 113,932
Schedule of reconciliations of assets and liabilities of benefit plans |
|  | 2020 |  | 2019
Present value of defined benefit obligation |  | (5,921,285) |  | (4,601,965)
Fair value of plan assets |  | 4,652,000 |  | 3,656,891
Asset ceiling restrictions on recognition of net funded assets |  | (172,307) |  | (193,517)
Net |  | (1,441,592) |  | (1,138,591)
Defined benefit obligation |  | (1,441,592) |  | (1,138,591)
Schedule of variation of plan obligations and assets |
|  | 2020 |  | 2019 |  | 2018
Variation of the plan obligations |  |  |  |  |  |
Obligation at the begining of the year |  | 4,601,965 |  | 4,391,251 |  | 4,314,592
Cost of service |  | 69,323 |  | 54,518 |  | 60,803
Interest expense |  | 191,326 |  | 189,544 |  | 188,729
Payments of the benefits |  | (434,650) |  | (309,817) |  | (318,198)
Past service cost |  | 3,967 |  | 2,302 |  | 7,065
Supplementary amounts of the plan |  | - |  | - |  | 17,078
Settlement |  | (190,948) |  | (498,493) |  | (61,369)
Acturial remeasurements |  | 467,106 |  | 546,911 |  | (370,083)
Exchange Variance |  | 1,213,196 |  | 225,749 |  | 552,634
Obligation at the end of the year |  | 5,921,285 |  | 4,601,965 |  | 4,391,251
|  | 2020 |  | 2019 |  | 2018
Variation of the plan assets |  |  |  |  |  |
Fair value of the plan assets at the begining of the year |  | 3,656,891 |  | 3,568,934 |  | 3,456,613
Return of the plan assets |  | 156,475 |  | 163,148 |  | 165,908
Contributions from sponsors |  | 224,979 |  | 162,650 |  | 197,828
Settlement |  | (179,339) |  | (493,781) |  | (64,868)
Payments of benefits |  | (434,650) |  | (309,817) |  | (318,198)
Remeasurement |  | 334,675 |  | 386,767 |  | (253,301)
Exchange Variance |  | 892,969 |  | 178,990 |  | 384,952
Fair value of plan assets at the end of the year |  | 4,652,000 |  | 3,656,891 |  | 3,568,934
Summary of actuarial gains and losses recognized in other comprehensive income |
|  | 2020 |  | 2019 |  | 2018
Remeasurements |  | (334,675) |  | (386,767) |  | 253,301
Actuarial Remeasurements |  | 467,106 |  | 546,911 |  | (370,083)
Restriction recognized in Other Comprehensive Income |  | (42,317) |  | (94,198) |  | (43,197)
Remeasurements recognized in Other Comprehensive Income |  | 90,114 |  | 65,946 |  | (159,979)
Summary of historical actuarial remeasurements |
|  | 2020 |  | 2019 |  | 2018 |  | 2017 |  | 2016
Present value of defined benefit obligation |  | (5,921,285) |  | (4,601,965) |  | (4,391,251) |  | (4,314,592) |  | (4,174,653)
Fair value of the plan assets |  | 4,652,000 |  | 3,656,891 |  | 3,568,934 |  | 3,456,613 |  | 3,292,890
Surplus (Deficit) |  | (1,269,285) |  | (945,074) |  | (822,317) |  | (857,979) |  | (881,763)
Experience adjustments on plan liabilities (Gain) |  | 467,106 |  | 546,911 |  | (370,083) |  | 235,549 |  | 186,905
Experience adjustments on plan assets (Gain) |  | (334,675) |  | (386,767) |  | 253,301 |  | (232,214) |  | (109,153)
Summary of allocation for plan assets |
|  | 2020
|  | Brazilian Plans |  | American Plans
Fixed income |  | 99.1% |  | 46.6%
Variable income |  | - |  | 47.1%
Others |  | 0.9% |  | 6.3%
Total |  | 100.0% |  | 100.0%
|  | 2019
|  | Brazilian Plans |  | American Plans
Fixed income |  | 98.0% |  | 54.9%
Variable income |  | - |  | 42.2%
Others |  | 2.0% |  | 2.9%
Total |  | 100.0% |  | 100.0%
Summary of assumptions |
|  | 2020
|  | Brazilian Plan |  | North America Plan
Average discount rate |  | 6.56% |  | 2.25% - 2.50%
Rate of increase in compensation |  | Not applicable |  | 3.00%
Mortality table |  | AT-2000 per sex |  | RP-2006 and MP-2020
Mortality table of disabled |  | AT-2000 per sex |  | RP-2006 and MP-2020
Rate of rotation |  | Null |  | Based on age and/or the service
|  | 2019
|  | Brazilian Plan |  | North America Plan
Average discount rate |  | 7.16% |  | 3.00% - 3.25%
Rate of increase in compensation |  | Not applicable |  | 3.00%
Mortality table |  | AT-2000 per sex |  | RP-2006 and MP-2019
Mortality table of disabled |  | AT-2000 per sex |  | RP-2006 and MP-2019
Rate of rotation |  | Null |  | Based on age and/or the service
Post-employment health care benefit |
EMPLOYEE BENEFITS |
Schedule of current expenses of benefit plans |
|  | 2020 |  | 2019 |  | 2018
Current service cost |  | 4,964 |  | 3,302 |  | 4,144
Interest expense |  | 11,311 |  | 10,656 |  | 11,082
Past service cost |  | (660) |  | (2,717) |  | (40,740)
Net cost pension benefit |  | 15,615 |  | 11,241 |  | (25,514)
Schedule of reconciliations of assets and liabilities of benefit plans |
|  | 2020 |  | 2019
Present value of obligations |  | (362,944) |  | (298,989)
Total net liabilities |  | (362,944) |  | (298,989)
Schedule of variation of plan obligations and assets |
|  | 2020 |  | 2019 |  | 2018
Change in benefit obligation |  |  |  |  |  |
Benefit obligation at beginning of the year |  | 298,989 |  | 272,959 |  | 316,364
Cost of service |  | 4,964 |  | 3,302 |  | 4,144
Interest expense |  | 11,311 |  | 10,656 |  | 11,082
Past service cost |  | (660) |  | (2,717) |  | (40,740)
Contributions from participants |  | 2,349 |  | 2,088 |  | 1,496
Payment of benefits |  | (20,870) |  | (15,331) |  | (18,655)
Remeasurements |  | (23,533) |  | 11,202 |  | (40,841)
Exchange variations |  | 90,394 |  | 16,830 |  | 40,109
Benefit obligation at the end of the year |  | 362,944 |  | 298,989 |  | 272,959
|  | 2020 |  | 2019 |  | 2018
Change in plan assets |  |  |  |  |  |
Contributions from sponsors |  | 19,150 |  | 13,243 |  | 17,159
Contributions from participants |  | 2,349 |  | 2,088 |  | 1,496
Payments of benefits |  | (21,499) |  | (15,331) |  | (18,655)
Fair value of plan assets at end of the year |  | - |  | - |  | -
Summary of actuarial gains and losses recognized in other comprehensive income |
|  | 2020 |  | 2019 |  | 2018
Losses / Gains on actuarial obligation |  | (23,533) |  | 11,202 |  | (40,841)
Actuarial losses recognized in Equity |  | (23,533) |  | 11,202 |  | (40,841)
Summary of historical actuarial remeasurements |
|  | 2020 |  | 2019 |  | 2018 |  | 2017 |  | 2016
Present value of defined benefit obligation |  | (362,944) |  | (298,989) |  | (272,959) |  | (316,364) |  | (305,447)
Deficit |  | (362,944) |  | (298,989) |  | (272,959) |  | (316,364) |  | (305,447)
Experience adjustments on plan liabilities |  | (23,533) |  | 11,202 |  | (40,841) |  | (14,452) |  | (3,673)
Summary of assumptions |
|  | 2020 |  | 2019
Average discount rate |  | 2.25% - 2.50% |  | 3.00% - 3.25%
Health treatment - rate assumed next year |  | 6.10% - 6.50% |  | 5.80% - 6.70%
Health treatment - Assumed rate of decline in the cost to achieve in the years of 2028 to 2041 |  | 4.00% - 4.40% |  | 4.00% - 4.40%
Summary of sensitivity analysis |
|  | 1% Increase |  | 1% Decrease
Effect over total service costs and interest costs |  | 2,739 |  | (2,171)
Effect over benefit plan obligations |  | 43,331 |  | (34,975)

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