v3.26.1
Consolidated Statement of Financial Position - USD ($)
$ in Millions
Jun. 30, 2026
Dec. 31, 2025
Current assets    
Cash and cash equivalents $ 5,577 $ 7,372
Short-term investments 188 194
Accounts receivable 2,614 2,297
Other financial assets 576 457
Inventories 6,264 5,937
Recoverable taxes 1,717 1,505
Other 696 529
Current assets excluding assets held for sale 17,632 18,291
Non-current assets held for sale 27
Total current assets 17,659 18,291
Non-current assets    
Judicial deposits 577 651
Other financial assets 796 482
Recoverable taxes 1,743 1,776
Deferred income taxes 6,016 6,318
Other 1,403 1,400
Total non-current assets excluding investments, intangible assets and property, plant and equipment 10,535 10,627
Investments 5,264 5,029
Intangible assets 9,422 8,953
Property, plant, and equipment 46,399 43,625
Total non current assets 71,620 68,234
Total assets 89,279 86,525
Current liabilities    
Suppliers and other payables 6,203 5,565
Loans and borrowings 1,093 518
Leases 169 160
Railway concession 629 570
Other financial liabilities 649 655
Taxes payable 890 687
Settlement programs ("REFIS") 464 423
Liabilities related to Brumadinho 807 758
Liabilities related to associates and joint ventures 662 1,082
De-characterization of dams and asset retirement obligations 1,119 868
Provisions for litigation 161 144
Employee benefits 886 1,133
Dividends payable 21 2,651
Other 884 656
Current liabilities excluding assets held for sale 14,637 15,870
Liabilities associated with non-current assets held for sale 181
Total current liabilities 14,818 15,870
Non-current liabilities    
Loans and borrowings 17,211 17,616
Leases 465 508
Railway concession 1,790 1,824
Other financial liabilities 3,247 3,047
Settlement programs ("REFIS") 627 784
Deferred income taxes 54 107
Liabilities related to Brumadinho 967 1,153
Liabilities related to associates and joint ventures 1,435 1,531
De-characterization of dams and asset retirement obligations 5,032 5,294
Provisions for litigation 997 899
Employee benefits 1,185 1,214
Streaming transactions 1,944 1,968
Other 561 360
Total non current liabilities 35,515 36,305
Total liabilities 50,333 52,175
Equity    
Equity attributable to Vale S.A.'s shareholders 38,011 33,509
Equity attributable to noncontrolling interests 935 841
Total equity 38,946 34,350
Total liabilities and equity $ 89,279 $ 86,525