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

6 Months Ended

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.