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Fair Value Measurement Of Assets And Liabilities (Tables)

6 Months Ended

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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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

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-Publisher FASB
-Name Accounting Standards Codification
-Topic 820
-SubTopic 10
-Section 50
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-Subparagraph (a)
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Tabular disclosure of financial instrument classified as a derivative asset (liability) after deduction of derivative liability (asset) using recurring unobservable inputs that reflect the entity's own assumption about the assumptions market participants would use in pricing.

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-Publisher FASB
-Name Accounting Standards Codification
-Topic 820
-SubTopic 10
-Section 50
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-URI https://asc.fasb.org/extlink&oid=126976982&loc=d3e19207-110258

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