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CASH, CASH EQUIVALENTS, RESTRICTED CASH AND CASH EQUIVALENTS AND INVESTMENTS (Tables) | 12 Months Ended
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Dec. 31, 2023
Cash and Cash Equivalents [Abstract] |
Summary of Composition of Cash, Cash Equivalents, Restricted Cash and Cash Equivalents, Short-term and Long-term Investments | The composition of cash, cash equivalents, restricted cash and cash equivalents, short-term and long-term investments is as follows:
| December 31,
| 2023 |  | 2022
| (In millions)
Cash in bank accounts | $ | 1,458 |  |  | $ | 1,160 |
Money market | 639 |  |  | 599 |
Time deposits | 367 |  |  | 130 |
U.S. government debt securities | 60 |  |  | 21 |
Foreign government debt securities | 32 |  |  | — |
Total cash and cash equivalents | 2,556 |  |  | 1,910 |
Securitization transactions (1) | 355 |  |  | 459 |
Foreign government debt securities (Central Bank of Brazil mandatory guarantee) | 114 |  |  | 158 |
Cash in bank accounts (Argentine Central Bank regulation) | 309 |  |  | 496 |
Cash in bank accounts (Mexican National Banking and Securities Commission regulation) | 91 |  |  | 9 |
Time deposits (Mexican National Banking and Securities Commission regulation) | 314 |  |  | 239 |
Cash in bank accounts (Chilean Commission for the Financial Market regulation) | 42 |  |  | 4 |
Time deposits (Chilean Commission for the Financial Market regulation) | 54 |  |  | 49 |
Money market (Secured lines of credit guarantee) | 7 |  |  | 33 |
Cash in bank accounts (Central Bank of Uruguay mandatory guarantee) | 1 |  |  | — |
Time deposits (Central Bank of Uruguay mandatory guarantee) | 1 |  |  | — |
Money market (Central Bank of Uruguay mandatory guarantee) | 2 |  |  | — |
Foreign government debt securities (Central Bank of Uruguay mandatory guarantee) | 2 |  |  | — |
Cash in bank accounts (Financial Superintendence of Colombia regulation) | — |  |  | 1 |
Money market (Financial Superintendence of Colombia regulation) | — |  |  | 5 |
Total restricted cash and cash equivalents | 1,292 |  |  | 1,453 |
Total cash, cash equivalents, restricted cash and cash equivalents (2) | $ | 3,848 |  |  | $ | 3,363 |
U.S. government debt securities | $ | 1,009 |  |  | $ | 558 |
Foreign government debt securities (3) | 2,451 |  |  | 1,342 |
Time deposits (4) | 15 |  |  | 439 |
Corporate debt securities | 5 |  |  | — |
Total short-term investments | $ | 3,480 |  |  | $ | 2,339 |
U.S. government debt securities | $ | — |  |  | $ | 175 |
Foreign government debt securities | 56 |  |  | 70 |
Securitization transactions (1) | 23 |  |  | 21 |
Corporate debt securities | 25 |  |  | — |
Equity securities held at cost | 58 |  |  | 56 |
Total long-term investments | $ | 162 |  |  | $ | 322 |
(1) Investments from securitization transactions are restricted to the payment of amounts due to third-party investors. (2) Cash, cash equivalents, restricted cash and cash equivalents as reported in the consolidated statements of cash flows. (3) As of December 31, 2023 and 2022, includes $2,283 million and $1,219 million considered restricted due to Central Bank of Brazil mandatory guarantee. Also, as of December 31, 2023, includes $6 million that guarantees a line of credit and is considered restricted. (4) As of December 31, 2023 and 2022, the time deposits in excess of $100 thousand, are in majority foreign deposits.

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