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Fair Value Measurement Of Assets And Liabilities (Tables)

12 Months Ended

Dec. 31, 2022

Fair Value Disclosures [Abstract]

Financial Assets And Liabilities Measured At Fair Value On Recurring Basis

The following table summarizes the Company’s assets and liabilities measured at fair value on a recurring basis as of December 31, 2022 and 2021:

Description						Balances as of December 31, 2022						Quoted Prices in active markets for identical Assets (Level 1)						Significant other observable inputs (Level 2)						Unobservable inputs (Level 3)						Balances as of December 31, 2021						Quoted Prices in active markets for identical Assets (Level 1)						Significant other observable inputs (Level 2)						Unobservable inputs (Level 3)
						(In millions)
Assets
Cash and Cash Equivalents:
Money Market						$	599					$	599					$	—					$	—					$	1,079					$	1,079					$	—					$	—
U.S. government debt securities (1)						21						21						—						—						—						—						—						—
Foreign government debt securities (1)						—						—						—						—						16						16						—						—
Restricted Cash and Cash Equivalents:
Money Market						352						352						—						—						210						210						—						—
Foreign government debt securities (Central Bank of Brazil Mandatory Guarantee) (1)						158						158						—						—						296						296						—						—
Investments:
U.S. government debt securities (1)						733						733						—						—						150						150						—						—
Foreign government debt securities (Central Bank of Brazil Mandatory Guarantee) (1)						1,219						1,219						—						—						602						602						—						—
Foreign government debt securities (1) (2)						214						214						—						—						78						78						—						—
Other Assets:
Derivative Instruments						1						—						1						—						17						—						—						17
USDC						3						3						—						—						—						—						—						—
Customer crypto-assets safeguarding assets						15						—						15						—						—						—						—						—
Total Assets						$	3,315					$	3,299					$	16					$	—					$	2,448					$	2,431					$	—					$	17
Liabilities:
Long-term retention plan						$	58					$	—					$	58					$	—					$	103					$	—					$	103					$	—
Other Liabilities:
Contingent considerations						8						—						—						8						9						—						—						9
Derivative Instruments						24						—						24						—						6						—						—						6
Customer crypto-assets safeguarding liabilities						15						—						15						—						—						—						—						—
Total Liabilities						$	105					$	—					$	97					$	8					$	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 December 31, 2022 and 2021 includes $21 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 5 - Cash, cash equivalents, restricted cash and cash equivalents and investments.)

Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Input Reconciliation

The following tables summarize the reconciliation of the financial assets and liabilities measured at fair value using Level 3 inputs as of December 31, 2022 and 2021:

			Year Ended December 31, 2022
			Derivative Instruments, net						Contingent Considerations
			(In millions)
Balance, beginning of the year			$	11					$	(9)
Net Additions			3						—
Settlements			7						1
Foreign Currency Translation			(5)						—
Losses in Other Comprehensive Income			(15)						—
Losses in Income Statement			(28)						—
Transfers out of level 3			27						—
Balance, end of the year			$	—					$	(8)

			Year Ended December 31, 2021
			Derivative Instruments, net						Contingent Considerations
			(In millions)
Balance, beginning of the year			$	(14)					$	(5)
Net Additions			3						(4)
Settlements			14						—
Foreign Currency Translation			(3)						—
Gains in Other Comprehensive Income			11						—
Balance, end of the year			$	11					$	(9)

Fair Value Of Financial Assets And Liabilities Measured At Amortized Cost

The following table summarizes the estimated fair value level for the remaining financial assets and liabilities of the Company not measured at fair value as of December 31, 2022 and 2021:

			Balances as of December 31, 2022						Estimated fair value as of December 31, 2022						Balances as of December 31, 2021						Estimated fair value as of December 31, 2021
			(In millions)
Assets
Time Deposits			$	439					$	439					$	16					$	16
Accounts receivables, net			130						130						98						98
Credit Card receivables and other means of payment, net			2,946						2,946						1,839						1,839
Loans receivable, net			1,736						1,761						1,260						1,260
Other assets			273						273						457						457
Total Assets			$	5,524					$	5,549					$	3,670					$	3,670
Liabilities
Accounts payable and accrued expenses			$	1,393					$	1,393					$	1,036					$	1,036
Funds payable to customers			3,454						3,454						2,393						2,393
Amounts payable due to credit and debit card transactions			488						488						341						341
Salaries and social security payable			349						349						230						230
Taxes payable			414						414						291						291
Loans payable and other financial liabilities (*)			4,758						4,997						3,518						3,534
Other liabilities			186						186						117						117
Total Liabilities			$	11,042					$	11,281					$	7,926					$	7,942

(*) Includes the fair value of the liability component of the 2028 Notes as of December 31, 2021 of $331 million.

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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

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)
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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.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 820
-SubTopic 10
-Section 50
-Paragraph 3
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-URI https://asc.fasb.org/extlink&oid=126976982&loc=d3e19279-110258

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-Publisher FASB
-Name Accounting Standards Codification
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-Section 50
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-Subparagraph (c)
-URI https://asc.fasb.org/extlink&oid=126976982&loc=d3e19207-110258

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