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Derivative financial instruments - Effects of derivatives on the income statement, cash flow and other comprehensive income (Details) - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Financial instruments classification      
Gain (loss) recognized in the income statement $ 244 $ (266) $ 454
Financial settlement inflows (outflows) (324) (67) (240)
Derivatives not designated as hedge | Options - MBR      
Financial instruments classification      
Gain (loss) recognized in the income statement 8 62 135
Derivatives not designated as hedge | Conversion options - VLI      
Financial instruments classification      
Gain (loss) recognized in the income statement 35   61
Derivatives not designated as hedge | Foreign exchange and interest rate risk      
Financial instruments classification      
Gain (loss) recognized in the income statement 42 (279) 313
Financial settlement inflows (outflows) (406) (121) (241)
Derivatives not designated as hedge | Foreign exchange and interest rate risk | CDI & TJLP vs. US$ fixed and floating rate swap      
Financial instruments classification      
Gain (loss) recognized in the income statement (39) (206) 152
Financial settlement inflows (outflows) (381) (135) (181)
Derivatives not designated as hedge | Foreign exchange and interest rate risk | IPCA swap      
Financial instruments classification      
Gain (loss) recognized in the income statement 118 (23) 43
Financial settlement inflows (outflows) (28) 7 (20)
Derivatives not designated as hedge | Foreign exchange and interest rate risk | Eurobonds Swap      
Financial instruments classification      
Gain (loss) recognized in the income statement (39) (27) 36
Financial settlement inflows (outflows) (5) (3) (39)
Derivatives not designated as hedge | Foreign exchange and interest rate risk | Euro forward      
Financial instruments classification      
Gain (loss) recognized in the income statement     46
Derivatives not designated as hedge | Foreign exchange and interest rate risk | Pre-dolar swap      
Financial instruments classification      
Gain (loss) recognized in the income statement 2 (23) 36
Financial settlement inflows (outflows) 8 10 (1)
Derivatives not designated as hedge | Commodities price risk      
Financial instruments classification      
Gain (loss) recognized in the income statement 100 (19) (50)
Financial settlement inflows (outflows) 50 57 1
Derivatives not designated as hedge | Commodities price risk | Nickel      
Financial instruments classification      
Gain (loss) recognized in the income statement 58 (25) 30
Financial settlement inflows (outflows) 48 8 4
Derivatives not designated as hedge | Commodities price risk | Bunker oil      
Financial instruments classification      
Financial settlement inflows (outflows) 2 49 (3)
Derivatives not designated as hedge | Commodities price risk | Bunker oil, Gasoil and Brent      
Financial instruments classification      
Gain (loss) recognized in the income statement 42 6 (80)
Derivatives not designated as hedge | Others      
Financial instruments classification      
Gain (loss) recognized in the income statement 59 (30) (5)
Financial settlement inflows (outflows) 21 (3)  
Derivatives designated as cash flow hedge      
Financial instruments classification      
Gain (loss) recognized in the income statement 102 $ 32 $ 191
Gain recognized in other comprehensive income 150    
Derivatives designated as cash flow hedge | Nickel      
Financial instruments classification      
Financial settlement inflows (outflows) 11    
Gain recognized in other comprehensive income $ 150