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v3.23.2

Loans payable and other financial liabilities (Tables) | 6 Months Ended
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Jun. 30, 2023
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 June 30, 2023 and December 31, 2022:
| June 30, 2023 |  | December 31, 2022
| (In millions)
Current loans payable and other financial liabilities: |  |  |
Loans from banks | $ | 373 |  |  | $ | 319 |
Bank overdrafts | 32 |  |  | 9 |
Secured lines of credit | 115 |  |  | 115 |
Financial Bills | 131 |  |  | 113 |
Deposit Certificates | 827 |  |  | 993 |
Commercial Notes | 12 |  |  | 6 |
Finance lease obligations | 22 |  |  | 14 |
Collateralized debt | 749 |  |  | 535 |
2028 Notes | 3 |  |  | 3 |
2026 Sustainability Notes | 4 |  |  | 4 |
2031 Notes | 9 |  |  | 10 |
Other lines of credit | 9 |  |  | 10 |
| $ | 2,286 |  |  | $ | 2,131 |
Non-Current loans payable and other financial liabilities: |  |  |
Loans from banks | $ | 126 |  |  | $ | 145 |
Secured lines of credit | 23 |  |  | 24 |
Financial Bills | 1 |  |  | — |
Deposit Certificates | — |  |  | 3 |
Commercial Notes | 202 |  |  | 187 |
Finance lease obligations | 40 |  |  | 37 |
Collateralized debt | 604 |  |  | 703 |
2028 Notes | 436 |  |  | 436 |
2026 Sustainability Notes | 396 |  |  | 398 |
2031 Notes | 651 |  |  | 694 |
Other lines of credit | 2 |  |  | — |
| $ | 2,481 |  |  | $ | 2,627 |
Type of instrument |  | Currency |  | Interest |  | Weighted Average Interest Rate |  |  |  | Maturity |  | June 30, 2023 |  | December 31, 2022
|  |  |  |  |  |  |  |  |  |  |  | (In millions)
Loans from banks |  |  |  |  |  |  |  |  |  |  |  |  |  |
Chilean Subsidiaries |  | Chilean Pesos |  | Fixed |  | 11.60 |  | % |  | August 2023 - April 2025 |  | $ | 112 |  |  | $ | 150 |
Brazilian Subsidiary (*) |  | US Dollar |  | Fixed |  | 5.75 |  | % |  | November 2023 |  | 51 |  |  | — |
Brazilian Subsidiary (*) |  | US Dollar |  | Fixed |  | 4.32 |  | % |  | August 2023 |  | 59 |  |  | 59 |
Brazilian Subsidiary |  | Brazilian Reais |  | Variable |  | TJLP + 0.8 |  | % |  | July 2023 - May 2031 |  | 9 |  |  | 9 |
Mexican Subsidiary |  | Mexican Pesos |  | Variable |  | TIIE + 2.20 - 3.50 |  | % |  | July 2023 - June 2027 |  | 198 |  |  | 177 |
Uruguayan Subsidiary |  | Uruguayan Pesos |  | Fixed |  | 11.00 |  | % |  | July 2023 |  | 47 |  |  | 47 |
Colombian Subsidiary |  | Colombian Pesos |  | Fixed |  | 14.45 |  | % |  | July 2023 - September 2023 |  | 23 |  |  | 22 |
Bank overdrafts |  |  |  |  |  |  |  |  |  |  |  |  |  |
Uruguayan Subsidiary |  | Uruguayan Pesos |  | Fixed |  | 11.62 |  | % |  | July 2023 |  | 7 |  |  | 9 |
Chilean Subsidiaries |  | Chilean Pesos |  | Variable |  | TIB + 2.00 |  | % |  | July 2023 |  | 25 |  |  | — |
Secured lines of credit |  |  |  |  |  |  |  |  |  |  |  |  |  |
Argentine Subsidiaries |  | Argentine Pesos |  | Fixed |  | 88.50 |  | % |  | July 2023 |  | 106 |  |  | 107 |
Mexican Subsidiary |  | Mexican Pesos |  | Fixed |  | 10.12 |  | % |  | July 2023 - July 2027 |  | 32 |  |  | 32 |
Financial Bills |  |  |  |  |  |  |  |  |  |  |  |  |  |
Brazilian Subsidiary |  | Brazilian Reais |  | Variable |  | CDI + 0.95 - 1.40 |  | % |  | July 2023 - June 2025 |  | 132 |  |  | 113 |
Deposit Certificates |  |  |  |  |  |  |  |  |  |  |  |  |  |
Brazilian Subsidiary |  | Brazilian Reais |  | — |  | — |  | % |  | — |  | — |  |  | 272 |
Brazilian Subsidiary |  | Brazilian Reais |  | Variable |  | 100% to 150% of CDI |  |  |  | July 2023 - June 2024 |  | 715 |  |  | 565 |
Brazilian Subsidiary |  | Brazilian Reais |  | Fixed |  | 13.35 - 14.70 |  | % |  | July 2023 - April 2024 |  | 91 |  |  | 114 |
Brazilian Subsidiary |  | Brazilian Reais |  | Variable |  | 107.02% to 107.05% of CDI |  |  |  | August 2023 |  | 21 |  |  | 45 |
Commercial Notes |  |  |  |  |  |  |  |  |  |  |  |  |  |
Brazilian Subsidiary |  | Brazilian Reais |  | Variable |  | DI + 0.88 |  | % |  | July 2023 - August 2027 |  | 77 |  |  | 71 |
Brazilian Subsidiary |  | Brazilian Reais |  | Variable |  | IPCA + 6.41 |  | % |  | July 2023 - August 2029 |  | 137 |  |  | 122 |
Finance lease obligations |  |  |  |  |  |  |  |  |  |  |  | 62 |  |  | 51 |
Collateralized debt |  |  |  |  |  |  |  |  |  |  |  | 1,353 |  |  | 1,238 |
2028 Notes |  | US Dollar |  | Fixed |  | 2.00 |  | % |  | August 2023 - August 2028 |  | 439 |  |  | 439 |
2026 Sustainability Notes |  | US Dollar |  | Fixed |  | 2.375 |  | % |  | July 2023 - January 2026 |  | 400 |  |  | 402 |
2031 Notes |  | US Dollar |  | Fixed |  | 3.125 |  | % |  | July 2023 - January 2031 |  | 660 |  |  | 704 |
Other lines of credit |  |  |  |  |  |  |  |  |  |  |  | 11 |  |  | 10 |
|  |  |  |  |  |  |  |  |  |  |  | $ | 4,767 |  |  | $ | 4,758 |
(*)The carrying amount includes the effect of the derivative instrument that qualified for fair value hedge accounting. See Note 15 "Derivative instruments" 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)
June 2019 (*) |  | $ | 88 |
June 2020 (*) |  | 104 |
August 2020 |  | 83 |
November 2020 |  | 120 |
January 2021 |  | 101 |
(*) Partially unwound in 2021.

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