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Loans payable and other financial liabilities (Tables)
 9 Months Ended
Sep. 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 September 30, 2023 and December 31, 2022:
September 30, 2023December 31, 2022
(In millions)
Current loans payable and other financial liabilities:
Loans from banks$489 $319 
Bank overdrafts— 9 
Secured lines of credit94 115 
Financial Bills— 113 
Deposit Certificates901 993 
Commercial Notes2 6 
Finance lease obligations20 14 
Collateralized debt664 535 
2028 Notes87 3 
2026 Sustainability Notes2 4 
2031 Notes4 10 
Other lines of credit9 10 
$2,272 $2,131 
Non-Current loans payable and other financial liabilities:
Loans from banks$90 $145 
Secured lines of credit19 24 
Financial Bills8 — 
Deposit Certificates— 3 
Commercial Notes202 187 
Finance lease obligations40 37 
Collateralized debt774 703 
2028 Notes— 436 
2026 Sustainability Notes397 398 
2031 Notes651 694 
Other lines of credit1 — 
$2,182 $2,627 
Type of instrumentCurrencyInterestWeighted Average Interest Rate MaturitySeptember 30, 2023December 31, 2022
 (In millions)
Loans from banks
Chilean SubsidiariesChilean PesosFixed9.99%October 2023 - April 2025$102 $150 
Brazilian Subsidiary (*)US DollarFixed5.75%November 202352 — 
Brazilian Subsidiary (*)US Dollar——%—— 59 
Brazilian Subsidiary (*)US DollarFixed5.91%August 2024162 — 
Brazilian SubsidiaryBrazilian ReaisVariable
TJLP + 0.8
%October 2023 - May 20319 9 
Mexican SubsidiaryMexican PesosVariable
TIIE + 2.20 - 3.50
%October 2023 - June 2027192 177 
Uruguayan SubsidiaryUruguayan PesosFixed9.90%October 202348 47 
Colombian SubsidiaryColombian PesosFixed13.98%November 202314 22 
Bank overdrafts
Uruguayan SubsidiaryUruguayan Pesos——%—— 9 
Secured lines of credit
Argentine SubsidiariesArgentine PesosFixed103.12%October 202384 107 
Mexican SubsidiaryMexican PesosFixed10.17%October 2023 - July 202729 32 
Financial Bills
Brazilian SubsidiaryBrazilian ReaisVariable
CDI + 1.15 - 1.40
%March - June 20258 113 
Deposit Certificates
Brazilian SubsidiaryBrazilian Reais——%—— 272 
Brazilian SubsidiaryBrazilian ReaisVariable
100% to 140% of CDI
October 2023 - September 2024769 565 
Brazilian SubsidiaryBrazilian ReaisFixed
11.90 - 14.40
%October 2023 - April 202492 114 
Brazilian SubsidiaryBrazilian ReaisVariable
106.50% of CDI
November 202340 45 
Commercial Notes
Brazilian SubsidiaryBrazilian ReaisVariable
DI + 0.88
%October 2023 - August 202772 71 
Brazilian SubsidiaryBrazilian ReaisVariable
IPCA + 6.41
%October 2023 - August 2029132 122 
Finance lease obligations60 51 
Collateralized debt1,438 1,238 
2028 NotesUS DollarFixed2.00%October - November 202387 439 
2026 Sustainability NotesUS DollarFixed2.375%January 2024 - January 2026399 402 
2031 NotesUS DollarFixed3.125%January 2024 - January 2031655 704 
Other lines of credit10 10 
$4,454 $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.