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Cash, Cash Equivalents, Restricted Cash And Cash Equivalents And Investments

9 Months Ended

Sep. 30, 2022

Cash, Cash Equivalents, Restricted Cash And Cash Equivalents And Investments [Abstract]

Cash, Cash Equivalents, Restricted Cash And Cash Equivalents And Investments

4. Cash, cash equivalents, restricted cash and cash equivalents and investments

The composition of cash, cash equivalents, restricted cash and cash equivalents, short-term and long-term investments is as follows:

		September 30,		December 31,
		2022		2021
		(In millions)
Cash and cash equivalents
Cash in bank accounts		$                             834		$                          1,103
Time deposits		129		387
Money market		492		1,079
Foreign government debt securities		—		16
Total cash and cash equivalents		$                          1,455		$                          2,585
Restricted cash and cash equivalents
Securitization transactions		$                             421		$                             282
Foreign government debt securities (Central Bank of Brazil mandatory guarantee)		—		296
Bank account (Argentine Central Bank regulation)		384		449
Bank account (Mexican National Banking and Securities Commission regulation)		78		—
Time deposits (Mexican National Banking and Securities Commission regulation)		95		—
Bank account (Chilean Financial Market Commission regulation)		9		21
Time deposits (Chilean Financial Market Commission regulation)		35		—
Money market (Secured lines of credit guarantee)		51		15
Total restricted cash and cash equivalents		$                          1,073		$                          1,063
Total cash, cash equivalents, restricted cash and cash equivalents (*)		$                          2,528		$                          3,648
Short-term investments
Time deposits		$                             438		$                               16
Foreign government debt securities (Central Bank of Brazil mandatory guarantee)		1,013		602
Foreign government debt securities		25		42
U.S. government debt securities		452		150
Corporate debt securities		15		—
Total short-term investments		$                          1,943		$                             810
Long-term investments
U.S. government debt securities		$                             256		$                               —
Foreign government debt securities		48		23
Securitization transactions (**)		15		13
Equity securities held at cost		56		53
Total long-term investments		$                             375		$                               89

(*) Cash, cash equivalents, restricted cash and cash equivalents as reported in the consolidated statements of cash flow.

(**) Investments from securitization transactions are restricted to the payment of amounts due to third-party investors.  

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- References

No definition available.

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- Definition

The entire disclosure for cash and cash equivalent footnotes, which may include the types of deposits and money market instruments, applicable carrying amounts, restricted amounts and compensating balance arrangements. Cash and equivalents include: (1) currency on hand (2) demand deposits with banks or financial institutions (3) other kinds of accounts that have the general characteristics of demand deposits (4) short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Generally, only investments maturing within three months from the date of acquisition qualify.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(1))
-URI https://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682

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