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Loans payable and other financial liabilities (Tables)
 6 Months Ended
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, 2023December 31, 2022
(In millions)
Current loans payable and other financial liabilities:
Loans from banks$373 $319 
Bank overdrafts32 9 
Secured lines of credit115 115 
Financial Bills131 113 
Deposit Certificates827 993 
Commercial Notes12 6 
Finance lease obligations22 14 
Collateralized debt749 535 
2028 Notes3 3 
2026 Sustainability Notes4 4 
2031 Notes9 10 
Other lines of credit9 10 
$2,286 $2,131 
Non-Current loans payable and other financial liabilities:
Loans from banks$126 $145 
Secured lines of credit23 24 
Financial Bills1 — 
Deposit Certificates— 3 
Commercial Notes202 187 
Finance lease obligations40 37 
Collateralized debt604 703 
2028 Notes436 436 
2026 Sustainability Notes396 398 
2031 Notes651 694 
Other lines of credit2 — 
$2,481 $2,627 
Type of instrumentCurrencyInterestWeighted Average Interest Rate MaturityJune 30, 2023December 31, 2022
 (In millions)
Loans from banks
Chilean SubsidiariesChilean PesosFixed11.60%August 2023 - April 2025$112 $150 
Brazilian Subsidiary (*)US DollarFixed5.75%November 202351 — 
Brazilian Subsidiary (*)US DollarFixed4.32%August 202359 59 
Brazilian SubsidiaryBrazilian ReaisVariable
TJLP + 0.8
%July 2023 - May 20319 9 
Mexican SubsidiaryMexican PesosVariable
TIIE + 2.20 - 3.50
%July 2023 - June 2027198 177 
Uruguayan SubsidiaryUruguayan PesosFixed11.00%July 202347 47 
Colombian SubsidiaryColombian PesosFixed14.45%July 2023 - September 202323 22 
Bank overdrafts
Uruguayan SubsidiaryUruguayan PesosFixed11.62%July 20237 9 
Chilean SubsidiariesChilean PesosVariable
TIB + 2.00
%July 202325 — 
Secured lines of credit
Argentine SubsidiariesArgentine PesosFixed88.50%July 2023106 107 
Mexican SubsidiaryMexican PesosFixed10.12%July 2023 - July 202732 32 
Financial Bills
Brazilian SubsidiaryBrazilian ReaisVariable
CDI + 0.95 - 1.40
%July 2023 - June 2025132 113 
Deposit Certificates
Brazilian SubsidiaryBrazilian Reais——%—— 272 
Brazilian SubsidiaryBrazilian ReaisVariable
100% to 150% of CDI
July 2023 - June 2024715 565 
Brazilian SubsidiaryBrazilian ReaisFixed
13.35 - 14.70
%July 2023 - April 202491 114 
Brazilian SubsidiaryBrazilian ReaisVariable
107.02% to 107.05% of CDI
August 202321 45 
Commercial Notes
Brazilian SubsidiaryBrazilian ReaisVariable
DI + 0.88
%July 2023 - August 202777 71 
Brazilian SubsidiaryBrazilian ReaisVariable
IPCA + 6.41
%July 2023 - August 2029137 122 
Finance lease obligations62 51 
Collateralized debt1,353 1,238 
2028 NotesUS DollarFixed2.00%August 2023 - August 2028439 439 
2026 Sustainability NotesUS DollarFixed2.375%July 2023 - January 2026400 402 
2031 NotesUS DollarFixed3.125%July 2023 - January 2031660 704 
Other lines of credit11 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 dateAmount
(In millions)
June 2019 (*)
$88 
June 2020 (*)
104 
August 202083 
November 2020120 
January 2021101 
(*) Partially unwound in 2021.