v3.25.4
SCOPE OF CONSOLIDATION - Summary of Associates (Details) - USD ($)
$ in Millions
 1 Months Ended 12 Months Ended
Sep. 30, 2020
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Disclosure of associates [line items]        
Current assets   $ 30,605 $ 29,382  
Non-current assets   67,098 60,003  
Current liabilities   22,520 21,825  
Non-current liabilities   18,647 16,274  
Non-controlling interests   2,070 2,063  
Net assets attributable to equity holders of the parent   54,466 49,223  
Carrying amount in the statements of financial position   4,170 3,895  
Revenue   61,352 62,441 $ 68,275
Income (loss) from continuing operations   3,243 1,380 1,022
Other comprehensive income (loss)   2,892 (4,480) 1,274
Total comprehensive income (loss)   6,135 (3,100) 2,296
Associate        
Disclosure of associates [line items]        
Current assets   13,305 13,380 9,671
Non-current assets   21,083 20,097 18,212
Current liabilities   7,883 8,150 6,176
Non-current liabilities   7,088 6,937 5,664
Non-controlling interests   1,058 1,040 942
Net assets attributable to equity holders of the parent   18,359 17,350 15,101
Company's share of net assets   5,584 5,241 4,616
Adjustments for differences in accounting policies and other   (1,436) (1,415) (1,385)
Other adjustments   22 69 (122)
Carrying amount in the statements of financial position   4,170 3,895 3,109
Revenue   14,274 15,073 12,393
Income (loss) from continuing operations   428 631 219
Other comprehensive income (loss)   (265) (218) (25)
Total comprehensive income (loss)   163 413 194
Cash dividends received by the Company   $ 174 $ 61 $ 83
Vallourec        
Disclosure of associates [line items]        
Proportion of voting rights held in associate (in percent)   27.85% 27.89%  
Proportion of ownership interest in associate (in percent)   27.85% 27.89%  
Current assets   $ 3,247 $ 3,035  
Non-current assets   2,510 2,358  
Current liabilities   1,526 1,694  
Non-current liabilities   1,488 1,225  
Non-controlling interests   100 81  
Net assets attributable to equity holders of the parent   2,643 2,393  
Company's share of net assets   736 667  
Adjustments for differences in accounting policies and other   0 0  
Other adjustments   209 247  
Carrying amount in the statements of financial position   945 914  
Revenue   3,095 3,228  
Income (loss) from continuing operations   311 328  
Other comprehensive income (loss)   (181) (196)  
Total comprehensive income (loss)   130 132  
Cash dividends received by the Company   $ 111 $ 0  
China Oriental        
Disclosure of associates [line items]        
Proportion of voting rights held in associate (in percent)   37.00% 37.00% 37.00%
Proportion of ownership interest in associate (in percent)   37.00% 37.00% 37.00%
Current assets   $ 4,062 $ 4,317 $ 3,681
Non-current assets   3,004 2,836 3,124
Current liabilities   2,997 3,183 2,909
Non-current liabilities   499 555 395
Non-controlling interests   380 375 369
Net assets attributable to equity holders of the parent   3,190 3,040 3,132
Company's share of net assets   1,180 1,125 1,159
Adjustments for differences in accounting policies and other   0 0 0
Other adjustments   15 1 48
Carrying amount in the statements of financial position   1,195 1,126 1,207
Revenue   2,739 3,128 3,183
Income (loss) from continuing operations   34 17 40
Other comprehensive income (loss)   0 0 1
Total comprehensive income (loss)   34 17 41
Cash dividends received by the Company   $ 10 $ 9 $ 5
DHS Group        
Disclosure of associates [line items]        
Proportion of voting rights held in associate (in percent)   33.43% 33.43% 33.43%
Proportion of ownership interest in associate (in percent)   33.43% 33.43% 33.43%
Current assets   $ 2,280 $ 2,228 $ 1,919
Non-current assets   2,722 2,255 2,430
Current liabilities   561 639 505
Non-current liabilities   1,124 926 994
Non-controlling interests   35 126 125
Net assets attributable to equity holders of the parent   3,282 2,792 2,725
Company's share of net assets   1,097 934 911
Adjustments for differences in accounting policies and other   112 89 134
Other adjustments   (202) (179) (190)
Carrying amount in the statements of financial position   1,007 844 855
Revenue   2,434 2,519 2,800
Income (loss) from continuing operations   88 156 184
Other comprehensive income (loss)   (6) (1) (1)
Total comprehensive income (loss)   82 155 183
Cash dividends received by the Company   $ 20 $ 22 $ 43
Gonvarri Steel Industries        
Disclosure of associates [line items]        
Proportion of voting rights held in associate (in percent)   35.00% 35.00% 35.00%
Proportion of ownership interest in associate (in percent)   35.00% 35.00% 35.00%
Current assets   $ 3,205 $ 3,043 $ 3,351
Non-current assets   2,585 2,196 2,086
Current liabilities   1,740 1,641 1,857
Non-current liabilities   1,042 970 940
Non-controlling interests   543 458 448
Net assets attributable to equity holders of the parent   2,465 2,170 2,192
Company's share of net assets   863 760 767
Adjustments for differences in accounting policies and other   (72) (23) (40)
Other adjustments   0 0 20
Carrying amount in the statements of financial position   791 737 747
Revenue   5,410 5,629 5,874
Income (loss) from continuing operations   151 256 222
Other comprehensive income (loss)   (78) (21) (25)
Total comprehensive income (loss)   73 235 197
Cash dividends received by the Company   $ 33 $ 30 $ 35
Baffinland        
Disclosure of associates [line items]        
Proportion of voting rights held in associate (in percent)   25.20% 25.23% 25.23%
Proportion of ownership interest in associate (in percent)   25.20% 25.23% 25.23%
Current assets   $ 511 $ 757 $ 720
Non-current assets   10,262 10,452 10,572
Current liabilities   1,059 993 905
Non-current liabilities   2,935 3,261 3,335
Non-controlling interests   0 0 0
Net assets attributable to equity holders of the parent   6,779 6,955 7,052
Company's share of net assets   1,708 1,755 1,779
Adjustments for differences in accounting policies and other   (1,476) (1,481) (1,479)
Other adjustments   0 0 0
Carrying amount in the statements of financial position   232 274 300
Revenue   596 569 536
Income (loss) from continuing operations   (156) (126) (227)
Other comprehensive income (loss)   0 0 0
Total comprehensive income (loss)   (156) (126) (227)
Cash dividends received by the Company   $ 0 $ 0 $ 0
Fair value measurement adjustment not recognized $ 1,500