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Cash, cash equivalents, restricted cash and cash equivalents and investments (Tables) | 6 Months Ended
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Jun. 30, 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:
| June 30, 2023 |  | December 31, 2022
| (In millions)
Cash and cash equivalents |  |  |
Cash in bank accounts | $ | 860 |  |  | $ | 1,160 |
Money market | 683 |  |  | 599 |
Time deposits | 211 |  |  | 130 |
U.S. government debt securities | 65 |  |  | 21 |
Foreign government debt securities | 41 |  |  | — |
Total cash and cash equivalents | $ | 1,860 |  |  | $ | 1,910 |
Restricted cash and cash equivalents |  |  |
Securitization transactions | $ | 792 |  |  | $ | 459 |
Foreign government debt securities (Central Bank of Brazil mandatory guarantee) (*) | 302 |  |  | 158 |
Bank account (Argentine Central Bank regulation) (*) | 472 |  |  | 496 |
Bank account (Mexican National Banking and Securities Commission regulation) (*) | 59 |  |  | 9 |
Time deposits (Mexican National Banking and Securities Commission regulation) (*) | 248 |  |  | 239 |
Bank account (Chilean Commission for the Financial Market regulation) (*) | 15 |  |  | 4 |
Time deposits (Chilean Commission for the Financial Market regulation) (*) | 41 |  |  | 49 |
Money market (Secured lines of credit guarantee) | 35 |  |  | 33 |
Bank account (Financial Superintendence of Colombia regulation) (*) | — |  |  | 1 |
Money market (Financial Superintendence of Colombia regulation) (*) | — |  |  | 5 |
Total restricted cash and cash equivalents | $ | 1,964 |  |  | $ | 1,453 |
Total cash, cash equivalents, restricted cash and cash equivalents (***) | $ | 3,824 |  |  | $ | 3,363 |
Short-term investments |  |  |
U.S. government debt securities | $ | 992 |  |  | $ | 558 |
Foreign government debt securities (Central Bank of Brazil mandatory guarantee) (*) | 1,398 |  |  | 1,219 |
Foreign government debt securities | 37 |  |  | 123 |
Time deposits | 411 |  |  | 439 |
Securitization transactions (**) | 1 |  |  | — |
Total short-term investments | $ | 2,839 |  |  | $ | 2,339 |
Long-term investments |  |  |
U.S. government debt securities | $ | — |  |  | $ | 175 |
Foreign government debt securities | 68 |  |  | 70 |
Securitization transactions (**) | 23 |  |  | 21 |
Equity securities held at cost | 58 |  |  | 56 |
Total long-term investments | $ | 149 |  |  | $ | 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.
(***) | Cash, cash equivalents, restricted cash and cash equivalents as reported in the consolidated statement of cash flows.

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