v3.25.2
FINANCIAL INSTRUMENTS - Level 2 financial instruments (Details) - Level 2 - USD ($)
$ in Millions
Jun. 30, 2025
Dec. 31, 2024
Disclosure of fair value measurement of assets [line items]    
Derivative financial assets, fair value $ 360.0 $ 438.0
Derivative financial liabilities, fair value (596.0) (638.0)
Total interest rate instruments    
Disclosure of fair value measurement of assets [line items]    
Derivative financial assets, fair value 1.0 0.0
Derivative financial liabilities, fair value 0.0 0.0
Other interest rate instruments    
Disclosure of fair value measurement of assets [line items]    
Derivative financial assets, notional amount 59.0 8.0
Derivative financial assets, fair value 1.0 0.0
Derivative liability, notional amount 213.0 20.0
Derivative financial liabilities, fair value 0.0 0.0
Total foreign exchange rate instruments    
Disclosure of fair value measurement of assets [line items]    
Derivative financial assets, fair value 187.0 266.0
Derivative financial liabilities, fair value (425.0) (518.0)
Forward purchase of contracts    
Disclosure of fair value measurement of assets [line items]    
Derivative financial assets, notional amount 186.0 499.0
Derivative financial assets, fair value 4.0 35.0
Derivative liability, notional amount 574.0 195.0
Derivative financial liabilities, fair value (14.0) (39.0)
Forward sale of contracts    
Disclosure of fair value measurement of assets [line items]    
Derivative financial assets, notional amount 448.0 59.0
Derivative financial assets, fair value 5.0 6.0
Derivative liability, notional amount 435.0 1,088.0
Derivative financial liabilities, fair value (20.0) (113.0)
Currency swaps sales    
Disclosure of fair value measurement of assets [line items]    
Derivative financial assets, notional amount 2,187.0 2,614.0
Derivative financial assets, fair value 74.0 151.0
Derivative liability, notional amount 4,851.0 1,701.0
Derivative financial liabilities, fair value (82.0) (17.0)
Currency swaps purchases    
Disclosure of fair value measurement of assets [line items]    
Derivative financial assets, notional amount 755.0 1,189.0
Derivative financial assets, fair value 20.0 7.0
Derivative liability, notional amount 4,514.0 3,734.0
Derivative financial liabilities, fair value (163.0) (55.0)
Exchange option purchases    
Disclosure of fair value measurement of assets [line items]    
Derivative financial assets, notional amount 5,412.0 4,203.0
Derivative financial assets, fair value 83.0 67.0
Derivative liability, notional amount 94.0 75.0
Derivative financial liabilities, fair value (1.0) 0.0
Exchange options sales    
Disclosure of fair value measurement of assets [line items]    
Derivative financial assets, notional amount 111.0 1.0
Derivative financial assets, fair value 1.0 0.0
Derivative liability, notional amount 5,450.0 3,602.0
Derivative financial liabilities, fair value (145.0) (294.0)
Total raw materials (base metal), freight, energy, emission rights and others    
Disclosure of fair value measurement of assets [line items]    
Derivative financial assets, fair value 172.0 172.0
Derivative financial liabilities, fair value (171.0) (120.0)
Term contracts sales    
Disclosure of fair value measurement of assets [line items]    
Derivative financial assets, notional amount 810.0 386.0
Derivative financial assets, fair value 56.0 26.0
Derivative liability, notional amount 536.0 302.0
Derivative financial liabilities, fair value (26.0) (44.0)
Term contracts purchases    
Disclosure of fair value measurement of assets [line items]    
Derivative financial assets, notional amount 1,083.0 571.0
Derivative financial assets, fair value 114.0 146.0
Derivative liability, notional amount 1,004.0 651.0
Derivative financial liabilities, fair value (116.0) (76.0)
Options sales/purchases    
Disclosure of fair value measurement of assets [line items]    
Derivative financial assets, notional amount 86.0 3.0
Derivative financial assets, fair value 2.0 0.0
Derivative liability, notional amount 544.0 0.0
Derivative financial liabilities, fair value $ (29.0) $ 0.0