XML 257 R162.htm IDEA: XBRL DOCUMENT v3.22.0.1
EQUITY - Narrative Equity Instruments and Hybrid Instruments (Details)
12 Months Ended
Dec. 23, 2021
USD ($)
Dec. 22, 2020
USD ($)
Dec. 15, 2020
USD ($)
shares
May 18, 2020
USD ($)
$ / shares
May 14, 2020
USD ($)
Dec. 31, 2021
USD ($)
$ / shares
shares
Dec. 31, 2020
USD ($)
shares
Dec. 31, 2019
USD ($)
Sep. 27, 2011
USD ($)
Dec. 28, 2009
USD ($)
business_day
Disclosure of detailed information about borrowings [line items]                    
Financing costs - net           $ (1,155,000,000) $ (1,256,000,000) $ (1,652,000,000)    
Increase in non-controlling interest           (9,000,000) (59,000,000) (11,000,000)    
(Payments) proceeds from mandatorily convertible subordinated notes           (1,196,000,000) 1,237,000,000 0    
Borrowings           8,401,000,000        
Mandatorily convertible notes           $ 509,000,000 $ 840,000,000      
Increase in number of ordinary shares issued (in shares) | shares           (120,000,000) 80,906,149      
Non-controlling interests                    
Disclosure of detailed information about borrowings [line items]                    
Increase in non-controlling interest             $ (6,000,000) $ (11,000,000)    
Mandatorily convertible unsecured unsubordinated bonds                    
Disclosure of detailed information about borrowings [line items]                    
Notional amount   $ 869,000,000   $ 1,250,000,000   $ 1,000,000,000     $ 1,000,000,000 $ 750,000,000
Call option, number of business days prior to maturity | business_day                   10
Other liabilities   131,000,000                
Financing costs - net   178,000,000                
Borrowings maturity, term       3 years            
Borrowings, issuance amount of principal (in percent)       100.00%            
Borrowings, interest rate (in percent)       5.50%            
Conversion price (in USD per share) | $ / shares       $ 10.79   $ 9.18        
Percentage of minimum price used to determine maximum price (in percent)       117.50%            
Borrowings       $ 190,000,000   $ 44,000,000 123,000,000      
Borrowing costs incurred       2,000,000            
Mandatorily convertible notes       1,047,000,000   $ 509,000,000 $ 840,000,000      
Borrowing costs incurred, equity component       $ 11,000,000            
Borrowings, principal amount of debt converted $ 395,000,000   $ 247,000,000              
Increase in number of ordinary shares issued (in shares) | shares     22,653,933              
Additional conversion cost     $ 25,000,000              
Consideration allocated to debt component 30,000,000   30,000,000              
Consideration allocated to equity component 331,000,000   $ 207,000,000              
Conversion ratio, cash consideration 1,196,000,000                  
Financing cost related to conversion of convertible instruments, debt 61,000,000                  
Decrease in equity related to financing cost from conversion of convertible instruments 774,000,000                  
Decrease through financing cost related to conversion of convertible instruments $ (589,000,000)                  
Mandatorily convertible unsecured unsubordinated bonds | Mittal family trust                    
Disclosure of detailed information about borrowings [line items]                    
(Payments) proceeds from mandatorily convertible subordinated notes         $ 100,000,000          
Mandatorily convertible unsecured unsubordinated bonds | Non-controlling interests                    
Disclosure of detailed information about borrowings [line items]                    
Increase in non-controlling interest   $ 53,000,000