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Condensed Consolidated Balance Sheets (USD $)
In Millions
3 Months Ended 12 Months Ended
Mar. 31, 2011
Dec. 31, 2010
Current assets    
Cash and cash equivalents $ 11,271 $ 7,584
Short-term investments 540 1,793
Accounts receivable    
Related parties 325 435
Unrelated parties 7,182 7,776
Loans and advances to related parties 194 96
Inventories 4,810 4,298
Deferred income tax 300 386
Unrealized gains on derivative instruments 103 52
Advances to suppliers 386 188
Recoverable taxes 1,700 1,603
Assets held for sale 210 6,987
Others 857 593
Total current assets 27,878 31,791
Non-current assets    
Property, plant and equipment, net 86,498 83,096
Intangible assets 1,297 1,274
Investments in affiliated companies, joint ventures and others investments 8,326 4,497
Other assets:    
Goodwill on acquisition of subsidiaries 3,371 3,317
Loans and advances    
Related parties 36 29
Unrelated parties 307 165
Prepaid pension cost 2,102 1,962
Prepaid expenses 333 222
Judicial deposits 1,814 1,731
Recoverable taxes 445 361
Deferred income tax 428 0
Unrealized gains on derivative instruments 468 301
Tax Incentive / reinvestment 332 144
Account receivable of sale of aluminum 400 0
Others 160 249
Total other assets 10,196 8,481
TOTAL 134,195 129,139
Current liabilities    
Suppliers 4,137 3,558
Payroll and related charges 779 1,134
Minimum annual remuneration attributed to stockholders 3,964 4,842
Current portion of long - term debt 1,558 2,823
Short-term debt 149 139
Loans from related parties 10 9
Provision for income taxes 685 751
Taxes payable and royalties 267 257
Employees postretirement benefits 216 168
Unrealized losses on derivative instruments 6 35
Provisions for asset retirement obligations 71 75
Liabilities associated with assets held for sale 75 3,152
Others 740 969
Total current liabilities 12,657 17,912
Non-current liabilities    
Employees postretirement benefits 2,466 2,442
Long-term debt 22,027 21,591
Provisions for contingencies (Note 16 (b)) 2,102 2,043
Unrealized losses on derivative instruments 61 61
Deferred income tax 9,203 8,085
Provisions for asset retirement obligations 1,297 1,293
Debentures 1,387 1,284
Others 2,433 1,987
Total non-current liabilities 40,976 38,786
Redeemable noncontrolling interest 648 712
Commitments and contingencies (Note 16)    
Stockholders' equity    
Preferred class A stock - 7,200,000,000 no-par-value shares authorized and 2,108,579,618 (2010 - 2,108,579,618) issued 10,370 10,370
Common stock - 3,600,000,000 no-par-value shares authorized and 3,256,724,482 (2010 - 3,256,724,482) issued 16,016 16,016
Treasury stock - 99,649,562 (2010 - 99649571) preferred and 47,375,394 (2010 - 47,375,394) common shares (2,660) (2,660)
Additional paid-in capital 2,188 2,188
Mandatorily convertible notes common shares 290 290
Mandatorily convertible notes - preferred shares 644 644
Other cumulative comprehensive loss 978 (333)
Undistributed retained earnings 43,189 42,218
Unappropriated retained earnings 5,995 166
Total Company stockholders' equity 77,010 68,899
Noncontrolling interests 2,904 2,830
Total stockholders' equity 79,914 71,729
TOTAL $ 134,195 $ 129,139