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Loans Payable And Other Financial Liabilities (Tables)
 12 Months Ended
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, 2022December 31, 2021
(In millions)
Current loans payable and other financial liabilities:
Loans from banks$319 $378 
Bank overdrafts9 146 
Secured lines of credit115 73 
Financial Bills113 — 
Deposit Certificates993 582 
Commercial Notes6 — 
Finance lease obligations14 10 
Collateralized debt535 77 
2028 Notes3 3 
2026 Sustainability Notes4 4 
2031 Notes10 10 
Other lines of credit10 2 
$2,131 $1,285 
Non-Current loans payable and other financial liabilities:
Loans from banks$145 $8 
Secured lines of credit24 17 
Financial Bills— 92 
Deposit Certificates3 3 
Commercial Notes187 — 
Finance lease obligations37 36 
Collateralized debt703 674 
2028 Notes436 312 
2026 Sustainability Notes398 397 
2031 Notes694 694 
$2,627 $2,233 
Book value as of
Type of instrumentCurrencyInterestWeighted Average Interest
Rate 		MaturityDecember 31, 2022December 31, 2021
 (In millions)
Loans from banks
Chilean SubsidiariesChilean PesosFixed11.80%January 2023 - April 2025$150 $117 
Brazilian SubsidiaryUS Dollar——%—— 160 
Brazilian Subsidiary (*)US DollarFixed4.32%August 202359 — 
Brazilian SubsidiaryBrazilian ReaisVariable
TJLP + 0.8
%January - May 20319 4 
Mexican SubsidiaryMexican PesosVariable
TIIE + 2.20 - 3.50
%January 2023 - June 2027177 66 
Uruguayan SubsidiaryUruguayan PesosFixed11.73%January - June 202347 23 
Colombian SubsidiaryColombian PesosFixed14.69%January - June 202322 16 
Bank overdrafts
Uruguayan SubsidiaryUruguayan PesosFixed11.97%January 20239 27 
Argentine SubsidiaryArgentine Pesos——%—— 115 
Brazilian SubsidiaryBrazilian Reais——%—— 4 
Secured lines of credit
Argentine SubsidiariesArgentine PesosFixed67.46%January 2023107 69 
Mexican SubsidiaryMexican PesosFixed10.03%January 2023 - July 202732 21 
Financial Bills
Brazilian SubsidiaryBrazilian ReaisVariable
CDI + 0.95 - 1.10
%July 2023 - February 2024113 92 
Deposit Certificates
Brazilian SubsidiaryBrazilian ReaisVariable
IPCA + 5.25 -7.15
%February - May 2023272 — 
Brazilian SubsidiaryBrazilian ReaisVariable
97% to 160% of CDI
January 2023 - September 2024565 521 
Brazilian SubsidiaryBrazilian ReaisFixed
11.35 - 15.00
%January - July 2023114 41 
Brazilian SubsidiaryBrazilian ReaisVariable
105.31% of CDI
February 202345 23 
Commercial Notes
Brazilian SubsidiaryBrazilian ReaisVariable
DI + 0.88
%January 2023 - August 202771 — 
Brazilian SubsidiaryBrazilian ReaisVariable
IPCA + 6.41
%January 2023 - August 2029122 — 
Finance lease obligations51 46 
Collateralized debt1,238 751 
2028 Notes439 315 
2026 Sustainability Notes402 401 
2031 Notes704 704 
Other lines of credit10 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 dateAmount
(In millions)
August 2018 (*)$92 
November 2018 (*)11 
June 2019 (**)88 
June 2020 (**)104 
August, 202083 
November, 2020120 
January, 2021101 
(*)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,
202220212020
(In millions)
Contractual coupon interest expense$8 $9 $17 
Amortization of debt discount (*)— 16 26 
Amortization of debt issuance costs1 — 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.