v3.26.1
Consolidated Statement of Financial Position - USD ($)
$ in Millions
Dec. 31, 2025
Dec. 31, 2024
Current assets    
Cash and cash equivalents $ 7,372 $ 4,953
Short-term investments 194 53
Accounts receivable 2,297 2,358
Other financial assets 457 53
Inventories 5,937 4,605
Recoverable taxes 1,505 1,100
Other 529 359
 Total current assets 18,291 13,481
Non-current assets    
Judicial deposits 651 537
Other financial assets 482 231
Recoverable taxes 1,776 1,297
Deferred income taxes 6,318 8,244
Other 1,400 1,317
 Total non-current assets excluding investments, intangible assets and property, plant and equipment 10,627 11,626
Investments in associates and joint ventures 5,029 4,547
Intangibles 8,953 10,514
Property, plant, and equipment 43,625 39,984
 Total non current assets 68,234 66,671
Total assets 86,525 80,152
Current liabilities    
Suppliers and other payables 5,565 4,234
Loans and borrowings 518 1,020
Leases 160 147
Railway concession 570 467
Other financial liabilities 655 1,076
Taxes payable 687 574
Settlement programs ("REFIS") 423 353
Liabilities related to Brumadinho 758 714
Liabilities related to associates and joint ventures 1,082 1,844
De-characterization of dams and asset retirement obligations 868 833
Provisions for litigation 144 119
Employee benefits 1,133 1,012
Dividends payable 2,651 330
Other 656 367
 Total current liabilities 15,870 13,090
Non-current liabilities    
Loans and borrowings 17,616 13,772
Leases 508 566
Railway concession 1,824 1,887
Other financial liabilities 3,047 2,677
Settlement programs ("REFIS") 784 1,007
Deferred income taxes 107 445
Liabilities related to Brumadinho 1,153 1,256
Liabilities related to associates and joint ventures 1,531 1,819
De-characterization of dams and asset retirement obligations 5,294 4,930
Provisions for litigation 899 894
Employee benefits 1,214 1,118
Streaming transactions 1,968 1,882
Other 360 281
 Total non current liabilities 36,305 32,534
Total liabilities 52,175 45,624
Equity    
Equity attributable to Vale S.A.'s shareholders 33,509 33,406
Equity attributable to noncontrolling interests 841 1,122
Total equity 34,350 34,528
Total liabilities and equity $ 86,525 $ 80,152