v3.26.1
INCOME TAXES - Schedule of Reconciliation of Income Tax Expense (Details) - USD ($)
$ in Millions
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Major components of tax expense (income) [abstract]      
Net profit before income tax $ 267.6 $ 557.0 $ 120.7
Income tax and social contribution at the nominal Brazilian enacted tax rate - 34% (91.0) (189.4) (41.0)
Tax on profits of overseas subsidiaries (124.7) (120.8) (8.2)
Foreign Tax Credit (FTC) 259.5 0.0 0.0
Transfer Pricing and Thin Capitalization 0.0 0.0 (1.5)
Functional currency effect of the non-monetary assets 239.2 (326.1) 132.4
Research and development tax incentives 20.2 3.4 16.6
Interest on own capital 27.3
Currency effect of the result (250.0) 359.5 (135.6)
Equity in the earnings of subsidiaries (2.4) (1.4) 3.8
Non-recognized DTA on tax losses carryfoward (23.1) 5.9 (40.4)
Different tax rates in subsidiaries 36.1 81.1 110.5
EVE fiscal deconsolidation (12.8) 0.0 0.0
Non-deductible expenses and tax-free income (6.7) 2.9 3.6
Tax Overpayment (Monetary restatement) 17.4 0.0 0.0
Other difference between IFRS and fiscal basis (1.2) (12.0) 6.0
Others 3.6 (5.5) (2.6)
Total income tax expense 182.4 (13.0) 84.6
Income tax and social contribution income (expense) benefit as reported 91.4 (202.4) 43.6
Current income tax and social contribution expense as reported (45.2) (90.4) (109.0)
Deferred income tax and social contribution income (expense) benefit as reported $ 136.6 $ (112.0) $ 152.6
Effective rate 34.10% (36.30%) 36.10%