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Consolidated Statements of Cash Flows (USD $)
In Millions, unless otherwise specified
3 Months Ended 12 Months Ended
Dec. 31, 2011
Sep. 30, 2011
Dec. 31, 2010
Dec. 31, 2011
Dec. 31, 2010
Dec. 31, 2009
Cash flows from operating activities:            
Net income $ 4,573 $ 4,911 $ 6,048 $ 22,652 $ 17,453 $ 5,456
Adjustments to reconcile net income to cash from operations:            
Depreciation, depletion and amortization 1,168 1,018 1,073 4,122 3,260 2,722
Dividends received 205 240 629 1,038 1,161 386
Equity in results of affiliates, joint ventures and other investments (167) (282) (303) (1,135) (987) (433)
Deferred income taxes 109 (846) (412) (265) (1,291) 16
Loss on disposal of property, plant and equipment 15 17 248 223 623 293
Gain on sale of assets available for sale       (1,513)   (40)
Discontinued operations, net of tax         143  
Foreign exchange and indexation gains, net 808 2,218 (595) 2,879 (787) (1,095)
Unrealized derivative losses (gains), net 290 642 532 490 594 (1,382)
Unrealized interest (income) expense, net 150 78 (43) 194 187 (25)
Others (68) (37) (27) (183) 58 20
Decrease (increase) in assets:            
Accounts receivable 456 (730) (639) (821) (3,800) 616
Inventories (203) (324) 404 (1,343) (425) 530
Recoverable taxes 20 (392) (70) (563) 42 108
Others (16) (219) 709 (315) 307 (455)
Increase (decrease) in liabilities:            
Suppliers (156) 829 (445) 1,076 928 121
Payroll and related charges 225 212 204 285 214 159
Income taxes (185) (2,745) (93) (2,478) 1,311 (234)
Others 288 (379) (35) 153 192 373
Net cash provided by operating activities 7,512 4,211 7,185 24,496 19,183 7,136
Cash flows from investing activities:            
Short term investments     (1,793) 1,793 1,954 (1,439)
Related parties            
Loan proceeds         (28) (181)
Repayments           7
Others (58) 57 (17) (178) (30) (25)
Judicial deposits (59) (239) 96 (186) (94) (132)
Investments (345) (18) (36) (504) (87) (1,947)
Additions to property, plant and equipment (6,071) (3,711) (4,742) (16,075) (12,647) (8,096)
Proceeds from disposal of investments       1,081   606
Acquisition (sale) of subsidiaries         (6,252) (1,952)
Net cash used in investing activities (6,533) (3,911) (6,492) (14,069) (17,184) (13,159)
Short-term debt            
Additions 21 20 229 859 2,233 1,285
Repayments (36) (63) (147) (955) (2,132) (1,254)
Related parties            
Proceeds     2 19 24 16
Repayments     (22) (1) (25) (373)
Third parties            
Proceeds 214 479 891 1,564 4,436 3,104
Repayments (82) (769) (958) (2,621) (2,629) (307)
Treasury stock (1,001) (2,001) (1,132) (3,002) (1,510) (9)
Mandatorily convertible notes           934
Transactions of noncontrolling interest (1,134)     (1,134) 660  
Dividends and interest attributed to Company's stockholders (3,000) (3,000) (1,750) (9,000) (3,000) (2,724)
Dividends and interest attributed to noncontrolling interest (40)   (81) (100) (140) (47)
Net cash provided by (used in) financing activities (5,058) (5,334) (2,968) (14,371) (2,083) 625
Increase (decrease) in cash and cash equivalents (4,079) (5,034) (2,275) (3,944) (84) (5,398)
Effect of exchange rate changes on cash and cash equivalents 45 (628) 136 (109) 375 2,360
Cash and cash equivalents, beginning of period 7,565 13,227 9,723 7,584 7,293 10,331
Cash and cash equivalents, end of period 3,531 7,565 7,584 3,531 7,584 7,293
Cash paid during the period for:            
Interest on short-term debt (1)   (2) (3) (5) (1)
Interest on long-term debt (198) (234) (314) (1,143) (1,097) (1,113)
Income tax (1,060) (4,097) (1,100) (7,293) (1,972) (1,331)
Non-cash transactions            
Income tax paid with credits (681)     (681)    
Interest capitalized $ 78 $ 54 $ 38 $ 234 $ 164 $ 266