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Cash, cash equivalents, restricted cash and cash equivalents and investments (Tables) | 9 Months Ended
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Sep. 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:
| September 30, 2023 |  | December 31, 2022
| (In millions)
Cash and cash equivalents |  |  |
Cash in bank accounts | $ | 1,238 |  |  | $ | 1,160 |
Money market | 764 |  |  | 599 |
Time deposits | 169 |  |  | 130 |
U.S. government debt securities | — |  |  | 21 |
Total cash and cash equivalents | $ | 2,171 |  |  | $ | 1,910 |
Restricted cash and cash equivalents |  |  |
Securitization transactions (2) | $ | 281 |  |  | $ | 459 |
Foreign government debt securities (Central Bank of Brazil mandatory guarantee) (1) | — |  |  | 158 |
Bank account (Argentine Central Bank regulation) (1) | 413 |  |  | 496 |
Bank account (Mexican National Banking and Securities Commission regulation) (1) | 38 |  |  | 9 |
Time deposits (Mexican National Banking and Securities Commission regulation) (1) | 264 |  |  | 239 |
Bank account (Chilean Commission for the Financial Market regulation) (1) | 27 |  |  | 4 |
Time deposits (Chilean Commission for the Financial Market regulation) (1) | 36 |  |  | 49 |
Money market (Secured lines of credit guarantee) | 26 |  |  | 33 |
Bank account (Financial Superintendence of Colombia regulation) (1) | — |  |  | 1 |
Money market (Financial Superintendence of Colombia regulation) (1) | — |  |  | 5 |
Total restricted cash and cash equivalents | $ | 1,085 |  |  | $ | 1,453 |
Total cash, cash equivalents, restricted cash and cash equivalents (3) | $ | 3,256 |  |  | $ | 3,363 |
Short-term investments |  |  |
U.S. government debt securities | $ | 1,124 |  |  | $ | 558 |
Foreign government debt securities (Central Bank of Brazil mandatory guarantee) (1) | 1,762 |  |  | 1,219 |
Foreign government debt securities (4) | 94 |  |  | 123 |
Time deposits | 326 |  |  | 439 |
Securitization transactions (2) | 1 |  |  | — |
Equity securities at fair value | 13 |  |  | $ | — |
Total short-term investments | $ | 3,320 |  |  | $ | 2,339 |
Long-term investments |  |  |
U.S. government debt securities | $ | — |  |  | $ | 175 |
Foreign government debt securities (5) | 67 |  |  | 70 |
Securitization transactions (2) | 24 |  |  | 21 |
Equity securities held at cost | 58 |  |  | 56 |
Total long-term investments | $ | 149 |  |  | $ | 322 |
(1)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. (2)Investments from securitization transactions are restricted to the payment of amounts due to third-party investors. (3)Cash, cash equivalents, restricted cash and cash equivalents as reported in the consolidated statement of cash flows. (4)As of September 30, 2023, this includes $6 million that guarantee a line of credit and are considered restricted. (5)On September 11, 2023, the Brazilian subsidiary Mercado Crédito Sociedade de Crédito, Financiamento e Investimento S.A. received $15 million of capital contribution from its shareholders, which is in the process of legal registration by the Central Bank of Brazil. As a result, $15 million of long-term investments are considered restricted as of September 30, 2023.

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- Definition Tabular disclosure of the components of cash, cash equivalents, and investments. + References No definition available. + Details
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