Cash, cash equivalents, restricted cash and cash equivalents and investments (Tables)

3 Months Ended

Mar. 31, 2023

Cash and Cash Equivalents [Abstract]

Components of 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:


	March 31, 2023		December 31, 2022
	(In millions)
Cash and cash equivalents
Cash in bank accounts	$	1,084	$	1,160
Money market	629		599
Time deposits	191		130
U.S. government debt securities	239		21
Total cash and cash equivalents	$	2,143	$	1,910
Restricted cash and cash equivalents
Securitization transactions	$	610	$	459
Foreign government debt securities (Central Bank of Brazil mandatory guarantee) (*)	—		158
Bank account (Argentine Central Bank regulation) (*)	403		496
Bank account (Mexican National Banking and Securities Commission regulation) (*)	62		9
Time deposits (Mexican National Banking and Securities Commission regulation) (*)	209		239
Bank account (Chilean Commission for the Financial Market regulation) (*)	10		4
Time deposits (Chilean Commission for the Financial Market regulation) (*)	48		49
Money market (Secured lines of credit guarantee)	32		33
Bank account (Financial Superintendence of Colombia regulation) (*)	—		1
Money market (Financial Superintendence of Colombia regulation) (*)	7		5
Total restricted cash and cash equivalents	$	1,381	$	1,453
Total cash, cash equivalents, restricted cash and cash equivalents	$	3,524	$	3,363

Short-term investments
U.S. government debt securities	$	409	$	558
Foreign government debt securities (Central Bank of Brazil mandatory guarantee) (*)	1,408		1,219
Foreign government debt securities	73		123
Time deposits	588		439
Securitization transactions (**)	1		—
Total short-term investments	$	2,479	$	2,339

Long-term investments
U.S. government debt securities	$	138	$	175
Foreign government debt securities	62		70
Securitization transactions (**)	21		21
Equity securities held at cost	57		56
Total long-term investments	$	278	$	322


(*)			Regulations issued by the Central Banks and other regulators of the countries where the Company operates applicable to its Fintech business are described in Note 3 to the consolidated financial statements in the Company’s 2022 10-K. Recently issued regulations are described in Note 3 of these unaudited interim condensed consolidated financial statements.
(**)			Investments from securitization transactions are restricted to the payment of amounts due to third-party investors.