v3.26.1
Financial results (Details) - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
Financial income        
Short-term investments $ 101 $ 95 $ 211 $ 193
Others 21 17 39 35
Total financial income 122 112 250 228
Financial expenses        
Interest on loans and borrowings (249) (230) (508) (450)
Expenses from bonds repurchase (44)
Interest on working capital transactions (54) (43) (118) (82)
Taxes on financial income (15) (20) (27) (36)
Interest on other financial liabilities (37) (32) (75) (58)
Others (54) (79) (99) (116)
Total financial expenses (409) (404) (827) (786)
Other financial items, net        
Foreign exchange and indexation gains (losses), net (322) 28 (487) (324)
Participative shareholders' debentures 198 (117) (38) (79)
Derivative financial instruments, net (62) 548 663 1,313
Total other financial expenses (186) 459 138 910
Total $ (473) $ 167 $ (439) $ 352