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CASH, CASH EQUIVALENTS, RESTRICTED CASH AND CASH EQUIVALENTS AND INVESTMENTS | 12 Months Ended
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Dec. 31, 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:
| 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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- 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
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