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Condensed Consolidated Statements of Cash Flows (Unaudited) (USD $)
In Millions
3 Months Ended
Mar. 31, 2011
Dec. 31, 2010
Mar. 31, 2010
Cash flows from operating activities:      
Net income $ 6,774 $ 6,048 $ 1,575
Adjustments to reconcile net income to cash from operations:      
Depreciation, depletion and amortization 957 1,073 743
Dividends received 250 629 50
Equity in results of affiliates, joint ventures and other investments (280) (303) (96)
Deferred income taxes (216) (412) (488)
Loss on disposal of property, plant and equipment 172 248 98
Gain on sale of assets (1,513)    
Discontinued operations, net of tax     145
Foreign exchange and indexation gains, net (104) (72) (59)
Unrealized derivative losses (gains), net (212) 532 243
Unrealized interest (income) expense, net 7 (43) 18
Others (37) (27) 118
Decrease (increase) in assets:      
Accounts receivable 111 (639) (777)
Inventories (743) 404 (258)
Recoverable taxes (112) (70) 48
Others 200 709 125
Increase (decrease) in liabilities:      
Suppliers 157 (445) 112
Payroll and related charges (356) 204 (277)
Income taxes 476 (93) (46)
Others 477 (35) 132
Net cash provided by operating activities 6,008 7,708 1,406
Cash flows from investing activities:      
Short term investments 1,253 (1,793) 3,735
Related parties      
Loan proceeds     (28)
Others (143) (17) (5)
Judicial deposits (29) 96 (116)
Investments (115) (36) (28)
Additions to property, plant and equipment (2,813) (4,742) (1,817)
Proceeds from disposal of investments available for sale 1,081    
Net cash provided by (used in) investing activities (766) (6,492) 1,741
Short-term debt      
Additions 767 229 1,632
Repayments (760) (147) (1,649)
Related parties      
Proceeds 19 2 10
Repayments (1) (22) (1)
Third Parties      
Proceeds 603 891 1,059
Repayments (1,351) (958) (250)
Treasury stock   (1,655)  
Dividends and interest attributed to Company's stockholders (1,000) (1,750)  
Dividends and interest attributed to noncontrolling interest   (81) (1)
Net cash provided by (used in) financing activities (1,723) (3,491) 800
Increase (decrease) in cash and cash equivalents 3,519 (2,275) 3,947
Effect of exchange rate changes on cash and cash equivalents 168 136 (116)
Cash and cash equivalents, beginning of period 7,584 9,723 7,293
Cash and cash equivalents, end of period 11,271 7,584 11,124
Cash paid during the period for:      
Interest on short-term debt (1) (2) (1)
Interest on long-term debt (337) (314) (243)
Income tax (965) (1,100) (127)
Non-cash transactions      
Interest capitalized $ 33 $ 38 $ 46