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Note 1 - Segment Information (Tables)

12 Months Ended

Dec. 31, 2022

Disclosure of operating segments [abstract]

Disclosure of operating segments [text block]

Year ended December 31, 2022	Tubes			Other			Total
Management view - operating income	2,772			75			2,847
Difference in cost of sales							44
Differences in depreciation and amortization							2
Differences in selling, general and administrative expenses							(4	)
Differences in other operating income (expenses), net							74
IFRS - operating income							2,963
Financial income (expense), net							(6	)
Income before equity in earnings of non-consolidated companies and income tax							2,957
Equity in earnings of non-consolidated companies							209
Income before income tax							3,166

IFRS - Net Sales	11,133			630			11,763
Depreciation and amortization	588			20			608

Year ended December 31, 2021	Tubes			Other			Total
Management view - operating income	178			65			243
Difference in cost of sales							473
Differences in depreciation and amortization							(1	)
Differences in other operating income (expenses), net							(8	)
IFRS - operating income							708
Financial income (expense), net							23
Income before equity in earnings of non-consolidated companies and income tax							731
Equity in earnings of non-consolidated companies							513
Income before income tax							1,243

IFRS - Net Sales	5,994			528			6,521
Depreciation and amortization	575			20			595

Year ended December 31, 2020	Tubes			Other			Total
Management view - operating (loss)	(277	)		(50	)		(327	)
Difference in cost of sales							(134	)
Differences in depreciation and amortization							-
Differences in selling, general and administrative expenses							(2	)
Differences in other operating income (expenses), net							(200	)
IFRS - operating (loss)							(663	)
Financial income (expense), net							(65	)
(Loss) before equity in earnings of non-consolidated companies and income tax							(728	)
Equity in earnings of non-consolidated companies							109
(Loss) before income tax							(619	)

IFRS - Net Sales	4,844			303			5,147
Depreciation and amortization	661			18			679

Disclosure of geographical areas [text block]

	North America		South America		Europe		Middle East & Africa		Asia Pacific		Unallocated ^(*)		Total
Year ended December 31, 2022
Net sales	6,902,787		2,550,402		1,000,833		1,031,106		277,398		-		11,762,526
Total assets	9,018,386		3,896,403		2,071,624		739,579		283,608		1,540,646		17,550,246
Trade receivables	1,371,717		583,223		202,753		249,637		86,610		-		2,493,940
Property, plant and equipment, net	3,548,844		1,031,423		706,539		189,701		79,756		-		5,556,263
Capital expenditures	118,644		176,448		62,143		2,813		18,398		-		378,446
Depreciation and amortization	348,550		125,324		76,631		37,612		19,606		-		607,723

Year ended December 31, 2021
Net sales	3,360,345		1,311,279		742,463		857,120		250,000		-		6,521,207
Total assets	7,992,946		2,399,448		1,727,573		581,204		364,486		1,383,774		14,449,431
Trade receivables	652,483		234,800		180,515		146,125		85,149		-		1,299,072
Property, plant and equipment, net	3,805,912		984,413		742,461		221,859		70,156		-		5,824,801
Capital expenditures	106,118		63,723		43,344		6,689		19,644		-		239,518
Depreciation and amortization	307,116		125,781		89,667		41,528		30,629		-		594,721

Year ended December 31, 2020
Net sales	2,179,949		776,235		642,793		1,227,532		320,225		-		5,146,734
Total assets	8,071,574		1,868,458		1,461,738		804,559		552,508		957,352		13,716,189
Trade receivables	411,692		115,972		139,427		210,194		90,863		-		968,148
Property, plant and equipment, net	3,971,101		1,050,619		823,057		242,939		105,465		-		6,193,181
Capital expenditures	71,531		63,111		39,691		10,452		8,537		-		193,322
Depreciation and amortization	408,546		106,827		84,518		44,259		34,656		-		678,806

Segment revenues by market [text block]

Revenues Tubes	2022			2021			2020
Oil & Gas	9,543			4,895			4,022
Oil & Gas processing plants	738			459			407
Industrial, Power and Others	852			640			415
Total	11,133			5,994			4,844