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v3.23.1

EMPLOYEE BENEFITS (Tables) | 12 Months Ended
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Dec. 31, 2022
EMPLOYEE BENEFITS |
Schedule of total assets and liabilities of all types of employee benefits granted | ​
​ | ​ | ​ | ​ | ​
​ |  | 2022 |  | 2021
Plan assets - Defined contribution pension plan |  | 9,179 | ​ | 4,942
Total assets |  | 9,179 | ​ | 4,942
​ |  | ​ | ​ | ​
Actuarial liabilities - Defined benefit pension plan |  | 658,492 | ​ | 1,083,719
Acturial liabilities - Post-employment health care benefit |  | 224,180 | ​ | 318,181
Retirement and termination benefit liabilities |  | 11,222 | ​ | 13,290
Total liabilities |  | 893,894 | ​ | 1,415,190
​ | ​ | ​ | ​ | ​
Current | ​ | 516 | ​ | 39
Non-current |  | 893,378 | ​ | 1,415,151
​
Post-employment defined benefit pension plans |
EMPLOYEE BENEFITS |
Summary of sensitivity analysis | ​
​ | ​ | ​ | ​ | ​
​ |  | 1% Increase |  | 1% Decrease
Discount rate |  | 18,477 |  | (12,645)
​
Defined benefit pension plan |
EMPLOYEE BENEFITS |
Schedule of current expenses of benefit plans | ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | 2022 |  | 2021 |  | 2020
Cost of current service |  | 63,616 | ​ | 74,840 |  | 69,323
Interest expense |  | 169,526 | ​ | 170,897 |  | 191,326
Return on plan assets |  | (150,700) | ​ | (136,933) |  | (156,475)
Past service cost |  | — | ​ | 7,093 |  | 3,967
Settlement |  | — | ​ | (847) |  | (11,609)
Interest cost on unrecoverable surplus |  | 10,440 | ​ | 4,371 |  | 7,413
Net pension cost |  | 92,882 | ​ | 119,421 |  | 103,945
​
Schedule of reconciliations of assets and liabilities of benefit plans | ​
​ | ​ | ​ | ​ | ​
​ |  | 2022 |  | 2021
Present value of defined benefit obligation |  | (3,841,213) | ​ | (5,409,065)
Fair value of plan assets |  | 3,499,475 | ​ | 4,647,361
Asset ceiling restrictions on recognition of net funded assets |  | (316,754) | ​ | (322,015)
Net | ​ | (658,492) | ​ | (1,083,719)
Defined benefit obligation |  | (658,492) | ​ | (1,083,719)
​
Schedule of variation of plan obligations and assets | ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | 2022 |  | 2021 |  | 2020
Variation of the plan obligations | ​ | ​ | ​ | ​ | ​ | ​
Obligation at the begining of the year |  | 5,409,065 |  | 5,921,285 |  | 4,601,965
Cost of service |  | 63,616 | ​ | 74,840 |  | 69,323
Interest expense |  | 169,526 | ​ | 170,897 |  | 191,326
Payments of the benefits |  | (317,779) | ​ | (486,310) |  | (434,650)
Past service cost |  | — | ​ | 7,093 |  | 3,967
Settlement |  | — | ​ | (228,881) |  | (190,948)
Acturial remeasurements |  | (1,058,898) | ​ | (457,421) |  | 467,106
Exchange Variance | ​ | (424,317) | ​ | 407,562 | ​ | 1,213,196
Obligation at the end of the year |  | 3,841,213 |  | 5,409,065 |  | 5,921,285
​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | 2022 |  | 2021 |  | 2020
Variation of the plan assets | ​ | ​ | ​ | ​ | ​ | ​
Fair value of the plan assets at the begining of the year |  | 4,647,361 |  | 4,652,000 |  | 3,656,891
Return of the plan assets |  | 150,700 | ​ | 136,933 |  | 156,475
Contributions from sponsors |  | 173,316 | ​ | 244,123 |  | 224,979
Settlement |  | — | ​ | (228,034) |  | (179,339)
Payments of benefits |  | (317,779) | ​ | (486,310) |  | (434,650)
Remeasurement |  | (791,672) | ​ | 25,498 |  | 334,675
Exchange Variance | ​ | (362,451) | ​ | 303,151 | ​ | 892,969
Fair value of plan assets at the end of the year |  | 3,499,475 |  | 4,647,361 |  | 4,652,000
​
Summary of actuarial gains and losses recognized in other comprehensive income | ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | 2022 |  | 2021 |  | 2020
Return of the plan assets | ​ | 791,672 | ​ | (25,498) |  | (334,675)
Actuarial Remeasurements |  | (1,058,898) | ​ | (457,421) |  | 467,106
Restriction recognized in Other Comprehensive Income |  | 4,965 | ​ | 178,941 |  | (42,317)
Remeasurements recognized in Other Comprehensive Income |  | (262,261) | ​ | (303,978) |  | 90,114
​
Summary of historical actuarial remeasurements | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | 2022 |  | 2021 |  | 2020 |  | 2019 |  | 2018
Present value of defined benefit obligation |  | (3,841,213) | ​ | (5,409,065) | ​ | (5,921,285) |  | (4,601,965) |  | (4,391,251)
Fair value of the plan assets |  | 3,499,475 | ​ | 4,647,361 | ​ | 4,652,000 |  | 3,656,891 |  | 3,568,934
Surplus (Deficit) |  | (341,738) | ​ | (761,704) | ​ | (1,269,285) |  | (945,074) |  | (822,317)
Experience adjustments on plan liabilities (Gain) |  | (1,058,898) | ​ | (457,421) | ​ | 467,106 |  | 546,911 |  | (370,083)
Experience adjustments on plan assets (Gain) |  | 791,672 | ​ | (25,498) | ​ | (334,675) |  | (386,767) |  | 253,301
​
Summary of allocation for plan assets | ​
​ | ​ | ​ | ​ | ​
​ | ​ | 2022
​ |  | Brazilian Plans |  | American Plans
Fixed income |  | 99.5% | ​ | 48.1%
Variable income |  | — | ​ | 41.2%
Others |  | 0.5% | ​ | 10.7%
Total |  | 100.0% | ​ | 100.0%
​
​ | ​ | ​ | ​ | ​
​ | ​ | 2021
​ |  | Brazilian Plans |  | American Plans
Fixed income |  | 99.2% | ​ | 50.4%
Variable income |  | — | ​ | 43.0%
Others |  | 0.8% | ​ | 6.6%
Total |  | 100.0% | ​ | 100.0%
​
Summary of assumptions | ​
​ | ​ | ​ | ​ | ​
​ |  | 2022
​ | ​ | Brazilian Plan |  | North America Plan
Average discount rate |  | 9.81% | ​ | 5.05% -5.11%
Rate of increase in compensation |  | Not applicable |  | 3.00%
Mortality table |  | AT-2000 per sex |  | RP-2006 and MP-2022
Mortality table of disabled |  | AT-2000 per sex |  | RP-2006 and MP-2022
Rate of rotation |  | Null |  | Based on age and/or the service
​
​ | ​ | ​ | ​ | ​
​ | ​ | 2021
​ |  | Brazilian Plan |  | North America Plan
Average discount rate |  | 8.82% | ​ | 2.80% - 2.90%
Rate of increase in compensation |  | Not applicable |  | 3.00%
Mortality table |  | AT-2000 per sex |  | RP-2006 and MP-2021
Mortality table of disabled |  | AT-2000 per sex |  | RP-2006 and MP-2021
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 | ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | 2022 |  | 2021 |  | 2020
Current service cost |  | 3,005 | ​ | 3,458 |  | 4,964
Interest expense |  | 8,102 | ​ | 8,239 |  | 11,311
Past service cost |  | — | ​ | (32,434) |  | (660)
Net cost pension benefit |  | 11,107 | ​ | (20,737) |  | 15,615
​
Schedule of reconciliations of assets and liabilities of benefit plans | ​
​ | ​ | ​ | ​ | ​
​ |  | 2022 |  | 2021
Present value of obligations |  | (224,180) | ​ | (318,181)
Total net liabilities |  | (224,180) | ​ | (318,181)
​
Schedule of variation of plan obligations and assets | ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | 2022 |  | 2021 |  | 2020
Change in benefit obligation | ​ | ​ | ​ | ​ | ​ | ​
Benefit obligation at beginning of the year |  | 318,181 |  | 362,944 |  | 298,989
Cost of service |  | 3,005 | ​ | 3,458 |  | 4,964
Interest expense |  | 8,102 | ​ | 8,239 |  | 11,311
Past service cost |  | — | ​ | (32,434) |  | (660)
Contributions from participants |  | 1,472 | ​ | 2,032 |  | 2,349
Payment of benefits |  | (17,488) | ​ | (17,431) |  | (20,870)
Remeasurements |  | (61,524) | ​ | (36,938) |  | (23,533)
Exchange variations |  | (27,568) | ​ | 28,311 |  | 90,394
Benefit obligation at the end of the year |  | 224,180 | ​ | 318,181 |  | 362,944
​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | 2022 |  | 2021 |  | 2020
Change in plan assets | ​ | ​ | ​ | ​ | ​ | ​
Contributions from sponsors |  | 16,016 | ​ | 24,713 |  | 19,150
Contributions from participants |  | 1,472 | ​ | 2,032 |  | 2,349
Payments of benefits |  | (17,488) | ​ | (26,745) |  | (21,499)
Fair value of plan assets at end of the year |  | — | ​ | — |  | —
​
Summary of actuarial gains and losses recognized in other comprehensive income | ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | 2022 |  | 2021 |  | 2020
Losses / Gains on actuarial obligation |  | (61,524) | ​ | (36,938) | ​ | (23,533)
Actuarial losses recognized in Equity |  | (61,524) | ​ | (36,938) | ​ | (23,533)
​
Summary of historical actuarial remeasurements | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | 2022 |  | 2021 |  | 2020 |  | 2019 |  | 2018
Present value of defined benefit obligation |  | (224,180) | ​ | (318,181) | ​ | (362,944) |  | (298,989) |  | (272,959)
Deficit |  | (224,180) | ​ | (318,181) | ​ | (362,944) |  | (298,989) |  | (272,959)
Experience adjustments on plan liabilities |  | (61,524) | ​ | (36,938) | ​ | (23,533) |  | 11,202 |  | (40,841)
​
Summary of assumptions | ​
​ | ​ | ​ | ​ | ​
​ |  | 2022 |  | 2021
Average discount rate |  | 5.05% - 5.11% | ​ | 2.80% - 2.90%
Health treatment - rate assumed next year |  | 5.01% - 6.70% | ​ | 4.99% - 6.20%
Health treatment - Assumed rate of decline in the cost to achieve in the years of 2028 to 2041 |  | 3.30% - 3.75% | ​ | 3.20% - 4.50%
​
Summary of sensitivity analysis | ​
​ | ​ | ​ | ​ | ​
​ |  | 1% Increase |  | 1% Decrease
Effect over total service costs and interest costs |  | 1,353 |  | (1,090)
Effect over benefit plan obligations |  | 20,829 |  | (17,589)
​

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