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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, 2023December 31, 2022
(In millions)
Cash and cash equivalents  
Cash in bank accounts$1,238 $1,160 
Money market764 599 
Time deposits169 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 deposits326 439 
Securitization transactions (2)1 — 
Equity securities at fair value13 $— 
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 cost58 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.