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CASH, CASH EQUIVALENTS, RESTRICTED CASH AND CASH EQUIVALENTS AND INVESTMENTS
 12 Months Ended
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,
20232022
(In millions)
Cash in bank accounts$1,458 $1,160 
Money market639 599 
Time deposits367 130 
U.S. government debt securities60 21 
Foreign government debt securities32 — 
Total cash and cash equivalents2,556 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 equivalents1,292 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 securities5 — 
Total short-term investments$3,480 $2,339 
U.S. government debt securities$— $175 
Foreign government debt securities56 70 
Securitization transactions (1)
23 21 
Corporate debt securities25 — 
Equity securities held at cost58 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.