XML 34 R22.htm IDEA: XBRL DOCUMENT
v3.22.2.2

Leases | 9 Months Ended
--- | ---
Sep. 30, 2022
Leases [Abstract] |
Leases | 13. Leases The Company leases certain fulfillment, cross-docking and services centers, office space, aircrafts, machines, and vehicles in the various countries in which it operates. The lease agreements do not contain any residual value guarantees or material restrictive covenants. Supplemental balance sheet information related to leases was as follows:
|  | September 30, |  |  | December 31,
|  | 2022 |  |  | 2021
Operating Leases | (In millions)
Operating lease right-of-use assets | $ | 587 |  | $ | 461
Operating lease liabilities | $ | 591 |  | $ | 464
Finance Leases |  |  |  |  |
Property and equipment, at cost |  | 85 |  |  | 68
Accumulated depreciation |  | (25) |  |  | (14)
Property and equipment, net | $ | 60 |  | $ | 54
Loans payable and other financial liabilities | $ | 52 |  | $ | 46
‎ The following table summarizes the weighted average remaining lease term and the weighted average incremental borrowing rate for operating leases and the weighted average discount rate for finance leases at September 30, 2022:
Weighted average remaining lease term |  |  |
Operating leases |  | 7 | Years
Finance leases |  | 3 | Years
Weighted average discount rate (*) |  |  |
Operating leases |  | 9 | %
Finance leases |  | 15 | %
(*) Includes discount rates of leases in local currency and U.S. dollar. The components of lease expense were as follows:
|  | Nine Months Ended September 30,
|  | 2022 |  |  | 2021
| (In millions)
Operating lease cost | $ | 91 |  | $ | 56
Finance lease cost: |  |  |  |  |
Depreciation of property and equipment |  | 13 |  |  | 7
Interest on lease liabilities |  | 6 |  |  | 3
Total finance lease cost | $ | 19 |  | $ | 10
Supplemental cash flow information related to leases was as follows:
| Nine months ended September 30,
|  | 2022 |  |  | 2021
Cash paid for amounts included in the measurement of lease liabilities: | (In millions)
Operating cash flows from operating leases | $ | 85 |  | $ | 51
Financing cash flows from finance leases |  | 14 |  |  | 13
Right-of-use assets obtained in exchange for lease obligations: |  |  |  |  |
Operating leases | $ | 193 |  | $ | 138
Finance leases |  | 15 |  |  | 29
The following table summarizes the fixed, future minimum rental payments, excluding variable costs, which are discounted by the Company’s incremental borrowing rates to calculate the lease liabilities for the operating and finance leases:
Period Ending September 30, 2022 |  | Operating Leases |  |  | Finance Leases
| (In millions)
One year or less | $ | 133 |  | $ | 21
One year to two years |  | 130 |  |  | 20
Two years to three years |  | 121 |  |  | 16
Three years to four years |  | 96 |  |  | 7
Four years to five years |  | 71 |  |  | 4
Thereafter |  | 231 |  |  | —
Total lease payments | $ | 782 |  | $ | 68
Less imputed interest |  | (191) |  |  | (16)
Total | $ | 591 |  | $ | 52

X
- Definition Operating And Finance Leases Disclosure [Text Block] + References No definition available. + Details
Name: | meli_OperatingAndFinanceLeasesDisclosureTextBlock
Namespace Prefix: | meli_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_LeasesAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration