XML 23 R13.htm IDEA: XBRL DOCUMENT
v3.23.3

Cash, cash equivalents, restricted cash and cash equivalents and investments | 9 Months Ended
--- | ---
Sep. 30, 2023
Cash and Cash Equivalents [Abstract] |
Cash, cash equivalents, restricted cash and cash equivalents and investments | 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.

X
- References No definition available. + Details
Name: | us-gaap_CashAndCashEquivalentsAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for cash and cash equivalent footnotes, which may include the types of deposits and money market instruments, applicable carrying amounts, restricted amounts and compensating balance arrangements. Cash and equivalents include: (1) currency on hand (2) demand deposits with banks or financial institutions (3) other kinds of accounts that have the general characteristics of demand deposits (4) short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Generally, only investments maturing within three months from the date of acquisition qualify. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 210 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(1)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480566/210-10-S99-1 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 944 -SubTopic 210 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.7-03(a)(2)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147479440/944-210-S99-1 + Details
Name: | us-gaap_CashAndCashEquivalentsDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration