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Loans Payable And Other Financial Liabilities (Tables) | 12 Months Ended
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Dec. 31, 2022
Debt Disclosure [Abstract] |
Summary of Loans Payable and Other Financial Liabilities | The following tables summarize the Company’s loans payable and other financial liabilities as of December 31, 2022 and 2021:
| Book value as of
| December 31, 2022 |  | December 31, 2021
| (In millions)
Current loans payable and other financial liabilities: |  |  |
Loans from banks | $ | 319 |  |  | $ | 378 |
Bank overdrafts | 9 |  |  | 146 |
Secured lines of credit | 115 |  |  | 73 |
Financial Bills | 113 |  |  | — |
Deposit Certificates | 993 |  |  | 582 |
Commercial Notes | 6 |  |  | — |
Finance lease obligations | 14 |  |  | 10 |
Collateralized debt | 535 |  |  | 77 |
2028 Notes | 3 |  |  | 3 |
2026 Sustainability Notes | 4 |  |  | 4 |
2031 Notes | 10 |  |  | 10 |
Other lines of credit | 10 |  |  | 2 |
| $ | 2,131 |  |  | $ | 1,285 |
Non-Current loans payable and other financial liabilities: |  |  |
Loans from banks | $ | 145 |  |  | $ | 8 |
Secured lines of credit | 24 |  |  | 17 |
Financial Bills | — |  |  | 92 |
Deposit Certificates | 3 |  |  | 3 |
Commercial Notes | 187 |  |  | — |
Finance lease obligations | 37 |  |  | 36 |
Collateralized debt | 703 |  |  | 674 |
2028 Notes | 436 |  |  | 312 |
2026 Sustainability Notes | 398 |  |  | 397 |
2031 Notes | 694 |  |  | 694 |
| $ | 2,627 |  |  | $ | 2,233 |
|  |  |  |  |  |  |  |  |  |  |  | Book value as of
Type of instrument |  | Currency |  | Interest |  | Weighted Average Interest Rate |  |  |  | Maturity |  | December 31, 2022 |  | December 31, 2021
|  |  |  |  |  |  |  |  |  |  |  | (In millions)
Loans from banks |  |  |  |  |  |  |  |  |  |  |  |  |  |
Chilean Subsidiaries |  | Chilean Pesos |  | Fixed |  | 11.80 |  | % |  | January 2023 - April 2025 |  | $ | 150 |  |  | $ | 117 |
Brazilian Subsidiary |  | US Dollar |  | — |  | — |  | % |  | — |  | — |  |  | 160 |
Brazilian Subsidiary (*) |  | US Dollar |  | Fixed |  | 4.32 |  | % |  | August 2023 |  | 59 |  |  | — |
Brazilian Subsidiary |  | Brazilian Reais |  | Variable |  | TJLP + 0.8 |  | % |  | January - May 2031 |  | 9 |  |  | 4 |
Mexican Subsidiary |  | Mexican Pesos |  | Variable |  | TIIE + 2.20 - 3.50 |  | % |  | January 2023 - June 2027 |  | 177 |  |  | 66 |
Uruguayan Subsidiary |  | Uruguayan Pesos |  | Fixed |  | 11.73 |  | % |  | January - June 2023 |  | 47 |  |  | 23 |
Colombian Subsidiary |  | Colombian Pesos |  | Fixed |  | 14.69 |  | % |  | January - June 2023 |  | 22 |  |  | 16 |
Bank overdrafts |  |  |  |  |  |  |  |  |  |  |  |  |  |
Uruguayan Subsidiary |  | Uruguayan Pesos |  | Fixed |  | 11.97 |  | % |  | January 2023 |  | 9 |  |  | 27 |
Argentine Subsidiary |  | Argentine Pesos |  | — |  | — |  | % |  | — |  | — |  |  | 115 |
Brazilian Subsidiary |  | Brazilian Reais |  | — |  | — |  | % |  | — |  | — |  |  | 4 |
Secured lines of credit |  |  |  |  |  |  |  |  |  |  |  |  |  |
Argentine Subsidiaries |  | Argentine Pesos |  | Fixed |  | 67.46 |  | % |  | January 2023 |  | 107 |  |  | 69 |
Mexican Subsidiary |  | Mexican Pesos |  | Fixed |  | 10.03 |  | % |  | January 2023 - July 2027 |  | 32 |  |  | 21 |
Financial Bills |  |  |  |  |  |  |  |  |  |  |  |  |  |
Brazilian Subsidiary |  | Brazilian Reais |  | Variable |  | CDI + 0.95 - 1.10 |  | % |  | July 2023 - February 2024 |  | 113 |  |  | 92 |
Deposit Certificates |  |  |  |  |  |  |  |  |  |  |  |  |  |
Brazilian Subsidiary |  | Brazilian Reais |  | Variable |  | IPCA + 5.25 -7.15 |  | % |  | February - May 2023 |  | 272 |  |  | — |
Brazilian Subsidiary |  | Brazilian Reais |  | Variable |  | 97% to 160% of CDI |  |  |  | January 2023 - September 2024 |  | 565 |  |  | 521 |
Brazilian Subsidiary |  | Brazilian Reais |  | Fixed |  | 11.35 - 15.00 |  | % |  | January - July 2023 |  | 114 |  |  | 41 |
Brazilian Subsidiary |  | Brazilian Reais |  | Variable |  | 105.31% of CDI |  |  |  | February 2023 |  | 45 |  |  | 23 |
Commercial Notes |  |  |  |  |  |  |  |  |  |  |  |  |  |
Brazilian Subsidiary |  | Brazilian Reais |  | Variable |  | DI + 0.88 |  | % |  | January 2023 - August 2027 |  | 71 |  |  | — |
Brazilian Subsidiary |  | Brazilian Reais |  | Variable |  | IPCA + 6.41 |  | % |  | January 2023 - August 2029 |  | 122 |  |  | — |
Finance lease obligations |  |  |  |  |  |  |  |  |  |  |  | 51 |  |  | 46 |
Collateralized debt |  |  |  |  |  |  |  |  |  |  |  | 1,238 |  |  | 751 |
2028 Notes |  |  |  |  |  |  |  |  |  |  |  | 439 |  |  | 315 |
2026 Sustainability Notes |  |  |  |  |  |  |  |  |  |  |  | 402 |  |  | 401 |
2031 Notes |  |  |  |  |  |  |  |  |  |  |  | 704 |  |  | 704 |
Other lines of credit |  |  |  |  |  |  |  |  |  |  |  | 10 |  |  | 2 |
|  |  |  |  |  |  |  |  |  |  |  | $ | 4,758 |  |  | $ | 3,518 |
(*) The carrying amount includes the effect of the derivative instrument that qualified for fair value hedge. See Note 24 “Derivative Instruments” of these audited consolidated financial statements for further detail.
Schedule of Capped Call Transactions | The amounts the Company has paid, including transaction expenses, are as follows:
Capped call trading date |  | Amount
|  | (In millions)
August 2018 (*) |  | $ | 92 |
November 2018 (*) |  | 11 |
June 2019 (**) |  | 88 |
June 2020 (**) |  | 104 |
August, 2020 |  | 83 |
November, 2020 |  | 120 |
January, 2021 |  | 101 |
(*) | Totally unwinded in 2021.
(**) | Partially unwinded in 2021.
Summary Of Interest Expense For Contractual Interest And Accretion Of Debt Discount | The following table presents the interest expense for contractual interest, the accretion of debt discount and the amortization of debt issuance costs:
| Year ended December 31,
| 2022 |  | 2021 | 2020
| (In millions)
Contractual coupon interest expense | $ | 8 |  |  | $ | 9 |  |  | $ | 17 |
Amortization of debt discount (*) | — |  |  | 16 |  |  | 26 |
Amortization of debt issuance costs | 1 |  |  | — |  |  | 1 |
Total interest expense related to the 2028 Notes | $ | 9 |  |  | $ | 25 |  |  | $ | 44 |
(*) For the year ended December 31, 2022 no amortization of debt discount was recorded due to the adoption of ASU 2020-06. See Note 2 "Summary of significant accounting policies - Recently Adopted Accounting Standards" for further detail.

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