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Fair Value Measurement Of Assets And Liabilities (Tables) | 6 Months Ended
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Jun. 30, 2022
Fair Value Measurement Of Assets And Liabilities [Abstract] |
Financial Assets And Liabilities Measured At Fair Value On Recurring Basis |
|  |  |  | Quoted Prices in |  |  |  |  |  |  |  | Quoted Prices in |  |  |  |
|  | Balances as of |  | active markets for |  | Significant other |  | Unobservable |  | Balances as of |  | active markets for |  | Significant other |  | Unobservable
|  | June 30, |  | identical Assets |  | observable inputs |  | inputs |  | December 31, |  | identical Assets |  | observable inputs |  | inputs
Description |  | 2022 |  | (Level 1) |  | (Level 2) |  | (Level 3) |  | 2021 |  | (Level 1) |  | (Level 2) |  | (Level 3)
|  | (In millions)
Assets |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Cash and Cash Equivalents: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Money Market Funds |  | $ 321 |  | $ 321 |  | $ — |  | $ — |  | $ 1,079 |  | $ 1,079 |  | $ — |  | $ —
Sovereign Debt Securities (1) |  | — |  | — |  | — |  | — |  | 16 |  | 16 |  | — |  | —
Restricted Cash and cash equivalents: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Money Market Funds |  | 207 |  | 207 |  | — |  | — |  | 210 |  | 210 |  | — |  | —
Sovereign Debt Securities (Central Bank of Brazil Mandatory Guarantee) (1) |  | 135 |  | 135 |  | — |  | — |  | 296 |  | 296 |  | — |  | —
Investments: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Sovereign Debt Securities (Central Bank of Brazil Mandatory Guarantee) (1) |  | 748 |  | 748 |  | — |  | — |  | 602 |  | 602 |  | — |  | —
Sovereign Debt Securities (1) (2) |  | 739 |  | 739 |  | — |  | — |  | 228 |  | 228 |  | — |  | —
Corporate Debt Securities |  | 55 |  | 55 |  | — |  | — |  | — |  | — |  | — |  | —
Other Assets: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Derivative Instruments |  | 6 |  | — |  | 6 |  | — |  | 17 |  | — |  | — |  | 17
Total Financial Assets |  | $ 2,211 |  | $ 2,205 |  | $ 6 |  | $ — |  | $ 2,448 |  | $ 2,431 |  | $ — |  | $ 17
Liabilities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Contingent considerations |  | $ 9 |  | $ — |  | $ — |  | $ 9 |  | $ 9 |  | $ — |  | $ — |  | $ 9
Long-term retention plan |  | 28 |  | — |  | 28 |  | — |  | 103 |  | — |  | 103 |  | —
Derivative Instruments |  | 21 |  | — |  | 21 |  | — |  | 6 |  | — |  | — |  | 6
Total Financial Liabilities |  | $ 58 |  | $ — |  | $ 49 |  | $ 9 |  | $ 118 |  | $ — |  | $ 103 |  | $ 15
(1)Measured at fair value with impact on the consolidated statement of income for the application of the fair value option. (See Note 2 – Fair value option applied to certain financial instruments.) (2)As of June 30, 2022 and December 31, 2021 includes $15 million and $13 million, respectively, of investments from securitization transactions that are restricted to the payment of amounts due to third-party investors. (See Note 4 - Cash, cash equivalents, restricted cash and cash equivalents and investments.)
Summary Of Reconciliation Of Financial Liabilities Valuated At Fair Value |
|  | Balance as of December 31, 2021 |  | Net Additions |  | Settlements |  | Foreign Currency Translation |  | Gain (Losses) in Other Comprehensive Income |  | Gain (Losses) on Income Statement |  | Transfers out of level 3 |  | Balance as of June 30, 2022
Derivative Instruments, net | $ | 11 | $ | 2 | $ | 7 | $ | 2 | $ | (15) | $ | (22) | $ | 15 | $ | —
Contingent Considerations |  | 9 |  | — |  | — |  | — |  | — |  | — |  | — |  | 9
Total | $ | 20 | $ | 2 | $ | 7 | $ | 2 | $ | (15) | $ | (22) | $ | 15 | $ | 9
|  | Balance as of December 31, 2020 |  | Net Additions |  | Settlements |  | Foreign Currency Translation |  | Gain (Losses) in Other Comprehensive Income |  | Gain (Losses) on Income Statement |  | Transfers out of level 3 |  | Balance as of December 31, 2021
Derivative Instruments, net | $ | (14) | $ | 3 | $ | 14 | $ | (3) | $ | 11 | $ | — | $ | — | $ | 11
Contingent Considerations |  | 5 |  | 4 |  | — |  | — |  | — |  | — |  | — |  | 9
Total | $ | (9) | $ | 7 | $ | 14 | $ | (3) | $ | 11 | $ | — | $ | — | $ | 20
Fair Value Of Financial Assets And Liabilities Measured At Amortized Cost |
|  | Balances as of |  | Fair Value as of |  | Balances as of |  | Fair Value as of
|  | June 30, |  | June 30, |  | December 31, |  | December 31,
|  | 2022 |  | 2022 |  | 2021 |  | 2021
|  | (In millions)
Assets |  |  |  |  |  |  |  |
Time Deposits |  | $ 536 |  | $ 536 |  | $ 16 |  | $ 16
Accounts receivable, net |  | 102 |  | 102 |  | 98 |  | 98
Credit Card receivables and other means of payment, net |  | 2,501 |  | 2,501 |  | 1,839 |  | 1,839
Loans receivable, net |  | 1,845 |  | 1,934 |  | 1,260 |  | 1,260
Other assets |  | 550 |  | 550 |  | 458 |  | 458
Total Assets |  | $ 5,534 |  | $ 5,623 |  | $ 3,671 |  | $ 3,671
Liabilities |  |  |  |  |  |  |  |
Accounts payable and accrued expenses |  | $ 1,131 |  | $ 1,131 |  | $ 1,036 |  | $ 1,036
Funds payable to customers |  | 2,528 |  | 2,528 |  | 2,393 |  | 2,393
Amounts payable due to credit and debit card transactions |  | 437 |  | 437 |  | 341 |  | 341
Salaries and social security payable |  | 249 |  | 249 |  | 230 |  | 230
Loans payable and other financial liabilities (*) |  | 4,440 |  | 4,307 |  | 3,518 |  | 3,534
Other liabilities |  | 117 |  | 117 |  | 117 |  | 117
Total Liabilities |  | $ 8,902 |  | $ 8,769 |  | $ 7,635 |  | $ 7,651
(*) The fair value of the 2028 Notes (including the conversion option) is disclosed in Note 11.

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- Definition Tabular disclosure of assets, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, by class that are measured at fair value on a recurring basis. The disclosures contemplated herein include the fair value measurements at the reporting date by the level within the fair value hierarchy in which the fair value measurements in their entirety fall, segregating fair value measurements using quoted prices in active markets for identical assets (Level 1), significant other observable inputs (Level 2), and significant unobservable inputs (Level 3). + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (b) -URI https://asc.fasb.org/extlink&oid=126976982&loc=d3e19207-110258 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (a) -URI https://asc.fasb.org/extlink&oid=126976982&loc=d3e19207-110258 + Details
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