v3.26.1
Supplemental Financial Information - Schedule of Consolidated Statements of Financial Positions (Details) - USD ($)
$ in Thousands
Mar. 31, 2026
Dec. 31, 2025
Mar. 31, 2025
Dec. 31, 2024
CURRENT ASSETS        
Cash and cash equivalents $ 3,294,788 $ 4,565,136 $ 4,825,982 $ 5,613,672
Margin cash 158,815 159,562    
Trade accounts receivable 3,877,391 4,231,924    
Dividends receivable 2,550 1,465    
Inventories 6,761,314 6,107,165    
Biological assets 1,874,438 1,826,766    
Recoverable taxes 995,636 957,211    
Derivative assets 144,697 155,602    
Other current assets 507,887 433,372    
TOTAL CURRENT ASSETS 17,617,516 18,438,203    
NON-CURRENT ASSETS        
Long-term investments 49,224 45,780    
Recoverable taxes 2,011,523 1,874,572    
Biological assets 633,547 611,799    
Related party receivables 31,398 41,231    
Deferred income taxes 539,593 547,014    
Other non-current assets 509,245 488,803    
TOTAL OTHER NON-CURRENT ASSETS 3,774,530 3,609,199    
Investments in equity-accounted investees 293,924 171,612    
Property, plant and equipment 14,102,843 13,645,658 12,172,492 11,780,880
Right of use assets 1,617,901 1,613,647 1,592,643 1,596,873
Intangible assets 1,806,930 1,825,592 1,825,466 1,803,199
Goodwill 5,966,655 5,852,575    
TOTAL NON-CURRENT ASSETS 27,562,783 26,718,283    
TOTAL ASSETS 45,180,299 45,156,486    
CURRENT LIABILITIES        
Trade accounts payable 5,453,317 6,198,100    
Supply chain finance 1,156,528 1,134,459    
Loans and financing 840,120 833,085    
Income taxes 163,661 288,030    
Other taxes payable 159,119 152,959    
Payroll and social charges 1,291,550 1,560,159    
Lease liabilities 365,383 354,887    
Dividends payable 1,071,287    
Provisions for legal proceedings 231,209 159,217    
Derivative liabilities 126,672 156,405    
Other current liabilities 861,702 704,509    
TOTAL CURRENT LIABILITIES 11,720,548 11,541,810    
NON-CURRENT LIABILITIES        
Loans and financing 20,524,854 20,257,483    
Income and other taxes payable 420,390 407,727    
Payroll and social charges 305,282 288,065    
Lease liabilities 1,416,771 1,412,398    
Deferred income taxes 1,199,170 1,169,300    
Provisions for legal proceedings 219,022 209,358    
Related party payable 176,220 190,998    
Derivative liabilities 87,353 114,376    
Other non-current liabilities 49,993 42,180    
TOTAL NON-CURRENT LIABILITIES 24,399,055 24,091,885    
EQUITY        
Share capital - common shares 41,560 35,114    
Reserves 7,970,634 6,582,694    
Undistributed results 220,594 2,085,772    
Attributable to company shareholders 8,232,788 8,703,580    
Attributable to non-controlling interest 827,908 819,211    
TOTAL EQUITY 9,060,696 9,522,791 $ 8,256,060 $ 8,134,364
TOTAL LIABILITIES AND EQUITY 45,180,299 45,156,486    
Parent Company [Member] | Restricted subsidiaries [Member]        
CURRENT ASSETS        
Cash and cash equivalents 2,750,463 3,921,730    
Margin cash 158,299 159,048    
Trade accounts receivable 2,795,937 3,055,286    
Dividends receivable 2,550 1,465    
Inventories 5,626,909 4,949,488    
Biological assets 1,323,065 1,288,243    
Recoverable taxes 793,997 721,761    
Derivative assets 122,601 140,971    
Other current assets 310,262 242,811    
TOTAL CURRENT ASSETS 13,884,083 14,480,803    
NON-CURRENT ASSETS        
Long-term investments 49,224 45,780    
Recoverable taxes 2,011,523 1,874,572    
Biological assets 269,536 256,583    
Related party receivables 31,398 41,231    
Deferred income taxes 509,030 516,308    
Other non-current assets 367,563 378,828    
TOTAL OTHER NON-CURRENT ASSETS 3,238,274 3,113,302    
Investments in equity-accounted investees 3,357,849 3,198,779    
Property, plant and equipment 10,425,061 10,077,519    
Right of use assets 1,382,373 1,370,826    
Intangible assets 947,278 942,690    
Goodwill 4,649,601 4,513,691    
TOTAL NON-CURRENT ASSETS 24,000,436 23,216,807    
TOTAL ASSETS 37,884,519 37,697,610    
CURRENT LIABILITIES        
Trade accounts payable 3,639,419 4,313,158    
Supply chain finance 1,156,528 1,134,459    
Loans and financing 793,465 781,928    
Income taxes 37,223 170,093    
Other taxes payable 143,220 119,893    
Payroll and social charges 927,210 1,072,999    
Lease liabilities 305,262 294,217    
Dividends payable 1,071,287    
Provisions for legal proceedings 231,209 159,217    
Derivative liabilities 116,100 152,218    
Other current liabilities 529,353 398,770    
TOTAL CURRENT LIABILITIES 8,950,276 8,596,952    
NON-CURRENT LIABILITIES        
Loans and financing 17,430,976 17,166,293    
Income and other taxes payable 397,413 385,147    
Payroll and social charges 302,944 303,900    
Lease liabilities 1,224,175 1,212,245    
Deferred income taxes 735,310 695,746    
Provisions for legal proceedings 219,022 209,358    
Related party payable 176,220 190,998    
Derivative liabilities 87,353 114,376    
Other non-current liabilities 42,219 34,138    
TOTAL NON-CURRENT LIABILITIES 20,615,632 20,312,201    
EQUITY        
Share capital - common shares 5,187,927 5,145,820    
Reserves 8,238,896 6,803,802    
Undistributed results (5,194,035) (3,246,042)    
Attributable to company shareholders 8,232,788 8,703,580    
Attributable to non-controlling interest 85,823 84,877    
TOTAL EQUITY 8,318,611 8,788,457    
TOTAL LIABILITIES AND EQUITY 37,884,519 37,697,610    
Parent Company [Member] | Unrestricted subsidiaries [Member]        
CURRENT ASSETS        
Cash and cash equivalents 544,325 643,406    
Margin cash 516 514    
Trade accounts receivable 1,091,372 1,188,544    
Dividends receivable    
Inventories 1,134,405 1,157,677    
Biological assets 551,373 538,523    
Recoverable taxes 208,199 241,507    
Derivative assets 22,096 14,631    
Other current assets 204,353 202,424    
TOTAL CURRENT ASSETS 3,756,639 3,987,226    
NON-CURRENT ASSETS        
Long-term investments    
Recoverable taxes    
Biological assets 364,011 355,216    
Related party receivables    
Deferred income taxes 30,563 31,474    
Other non-current assets 141,682 109,975    
TOTAL OTHER NON-CURRENT ASSETS 536,256 496,665    
Investments in equity-accounted investees    
Property, plant and equipment 3,677,782 3,568,139    
Right of use assets 235,528 242,821    
Intangible assets 859,652 882,902    
Goodwill 1,317,054 1,338,884    
TOTAL NON-CURRENT ASSETS 6,626,272 6,529,411    
TOTAL ASSETS 10,382,911 10,516,637    
CURRENT LIABILITIES        
Trade accounts payable 1,823,816 1,895,272    
Supply chain finance    
Loans and financing 46,655 51,157    
Income taxes 132,998 123,994    
Other taxes payable 15,899 33,066    
Payroll and social charges 364,340 48,716    
Lease liabilities 60,121 6,067    
Dividends payable    
Provisions for legal proceedings    
Derivative liabilities 10,572 4,187    
Other current liabilities 339,077 319,178    
TOTAL CURRENT LIABILITIES 2,793,478 2,481,637    
NON-CURRENT LIABILITIES        
Loans and financing 3,093,878 3,091,190    
Income and other taxes payable 22,977 2,258    
Payroll and social charges 2,338 (15,835)    
Lease liabilities 192,596 200,153    
Deferred income taxes 463,860 474,322    
Provisions for legal proceedings    
Related party payable    
Derivative liabilities    
Other non-current liabilities 7,774 8,042    
TOTAL NON-CURRENT LIABILITIES 3,783,423 3,760,130    
EQUITY        
Share capital - common shares 1,352,356 1,351,259    
Reserves (268,262) (221,108)    
Undistributed results 1,979,831 1,897,016    
Attributable to company shareholders 3,063,925 3,027,167    
Attributable to non-controlling interest 742,085 734,334    
TOTAL EQUITY 3,806,010 3,761,501    
TOTAL LIABILITIES AND EQUITY 10,382,911 10,003,268    
Parent Company [Member] | Eliminations [Member]        
CURRENT ASSETS        
Cash and cash equivalents    
Margin cash    
Trade accounts receivable (9,918) (11,906)    
Dividends receivable    
Inventories    
Biological assets    
Recoverable taxes (6,560) (6,057)    
Derivative assets    
Other current assets (6,728) (11,863)    
TOTAL CURRENT ASSETS (23,206) (29,826)    
NON-CURRENT ASSETS        
Long-term investments    
Recoverable taxes    
Biological assets    
Related party receivables    
Deferred income taxes (768)    
Other non-current assets    
TOTAL OTHER NON-CURRENT ASSETS (768)    
Investments in equity-accounted investees (3,063,925) (3,027,167)    
Property, plant and equipment    
Right of use assets    
Intangible assets    
Goodwill    
TOTAL NON-CURRENT ASSETS (3,063,925) (3,027,935)    
TOTAL ASSETS (3,087,131) (3,057,761)    
CURRENT LIABILITIES        
Trade accounts payable (9,918) (1,033)    
Supply chain finance    
Loans and financing    
Income taxes (6,560) (6,057)    
Other taxes payable    
Payroll and social charges    
Lease liabilities    
Dividends payable    
Provisions for legal proceedings    
Derivative liabilities    
Other current liabilities (6,728) (13,439)    
TOTAL CURRENT LIABILITIES (23,206) (20,529)    
NON-CURRENT LIABILITIES        
Loans and financing    
Income and other taxes payable    
Payroll and social charges    
Lease liabilities    
Deferred income taxes (768)    
Provisions for legal proceedings    
Related party payable    
Derivative liabilities    
Other non-current liabilities    
TOTAL NON-CURRENT LIABILITIES (768)    
EQUITY        
Share capital - common shares (6,498,723) (6,461,965)    
Reserves    
Undistributed results 3,434,798 3,434,798    
Attributable to company shareholders (3,063,925) (3,027,167)    
Attributable to non-controlling interest    
TOTAL EQUITY (3,063,925) (3,027,167)    
TOTAL LIABILITIES AND EQUITY $ (3,087,131) $ (3,048,464)