XML 47 R36.htm IDEA: XBRL DOCUMENT
v3.24.1.u1

FAIR VALUE MEASUREMENT OF ASSETS AND LIABILITIES (Tables) | 3 Months Ended
--- | ---
Mar. 31, 2024
Fair Value Disclosures [Abstract] |
Summary of Assets and Liabilities Measured at Fair Value | The following table summarizes the Company’s assets and liabilities measured at fair value on a recurring basis as of March 31, 2024 and December 31, 2023:
| Balances as of March 31, 2024 |  | Quoted Prices in active markets for identical Assets (Level 1) |  | Significant other observable inputs (Level 2) |  |  |  | Balances as of December 31, 2023 |  | Quoted Prices in active markets for identical Assets (Level 1) |  | Significant other observable inputs (Level 2) |  |
| (In millions)
Cash and Cash Equivalents: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Money Market | $ | 955 |  |  | $ | 955 |  |  | $ | — |  |  |  |  | $ | 639 |  |  | $ | 639 |  |  | $ | — |  |  |
U.S. government debt securities (1) | 221 |  |  | 221 |  |  | — |  |  |  |  | 60 |  |  | 60 |  |  | — |  |  |
Foreign government debt securities (1) | — |  |  | — |  |  | — |  |  |  |  | 32 |  |  | 32 |  |  | — |  |  |
Restricted Cash and Cash Equivalents: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Money Market (2) | 236 |  |  | 236 |  |  | — |  |  |  |  | 278 |  |  | 278 |  |  | — |  |  |
Foreign government debt securities (1) | 1 |  |  | 1 |  |  | — |  |  |  |  | 116 |  |  | 116 |  |  | — |  |  |
Investments: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
U.S. government debt securities (1) | 853 |  |  | 853 |  |  | — |  |  |  |  | 1,009 |  |  | 1,009 |  |  | — |  |  |
Foreign government debt securities (1) (3) | 2,822 |  |  | 2,822 |  |  | — |  |  |  |  | 2,530 |  |  | 2,530 |  |  | — |  |  |
Corporate debt securities | 151 |  |  | 151 |  |  | — |  |  |  |  | 30 |  |  | 30 |  |  | — |  |  |
Other Assets: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Derivative Instruments | 23 |  |  | — |  |  | 23 |  |  |  |  | 23 |  |  | — |  |  | 23 |  |  |
Customer crypto-assets safeguarding assets | 71 |  |  | — |  |  | 71 |  |  |  |  | 34 |  |  | — |  |  | 34 |  |  |
Intangible assets at fair value | 40 |  |  | 40 |  |  | — |  |  |  |  | 24 |  |  | 24 |  |  | — |  |  |
Total Assets | $ | 5,373 |  |  | $ | 5,279 |  |  | $ | 94 |  |  |  |  | $ | 4,775 |  |  | $ | 4,718 |  |  | $ | 57 |  |  |
Salaries and social security payable: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Long-term retention plan | $ | 33 |  |  | $ | — |  |  | $ | 33 |  |  |  |  | $ | 104 |  |  | $ | — |  |  | $ | 104 |  |  |
Other Liabilities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Derivative Instruments | 22 |  |  | — |  |  | 22 |  |  |  |  | 31 |  |  | — |  |  | 31 |  |  |
Customer crypto-assets safeguarding liabilities | 71 |  |  | — |  |  | 71 |  |  |  |  | 34 |  |  | — |  |  | 34 |  |  |
Total Liabilities | $ | 126 |  |  | $ | — |  |  | $ | 126 |  |  |  |  | $ | 169 |  |  | $ | — |  |  | $ | 169 |  |  |
(1) Measured at fair value with impact on the statement of income for the application of the fair value option. (See Note 2 – Summary of significant accounting policies – Fair value option applied to certain financial instruments). (2) As of March 31, 2024 and December 31, 2023, includes $221 million and $269 million, respectively, of money market funds from securitization transactions. (See Note 5 – Cash, cash equivalents, restricted cash and cash equivalents and investments). (3) As of March 31, 2024 and December 31, 2023, includes $23 million and $23 million, respectively, of investments from securitization transactions that are restricted to the payment of amounts due to third-party investors. (See Note 5 – Cash, cash equivalents, restricted cash and cash equivalents and investments).
Summary of Debt Securities Classified as Available for Sale | The following table summarizes the net carrying amount of the corporate debt securities classified as available for sale, classified by its contractual maturities:
| March 31, 2024 |  | December 31, 2023
| (In millions)
One year or less | $ | 38 |  |  | $ | 5 |
One year to two years | 51 |  |  | 12 |
Two years to three years | 23 |  |  | 4 |
Three years to four years | 11 |  |  | 3 |
Four years to five years | 28 |  |  | 6 |
Total available for sale investments | $ | 151 |  |  | $ | 30 |
Summary of Debt Securities Classified as Held to Maturity | The following table summarizes the net carrying amount of the debt securities not classified as available for sale, classified by its contractual maturities or Management expectation to convert the investments into cash:
| March 31, 2024 |  | December 31, 2023
| (In millions)
One year or less | $ | 3,820 |  |  | $ | 3,668 |
One year to two years | 4 |  |  | 4 |
Two years to three years | 35 |  |  | — |
Three years to four years | 31 |  |  | 35 |
Four years to five years | 5 |  |  | 37 |
More than five years | 2 |  |  | 3 |
| $ | 3,897 |  |  | $ | 3,747 |
Summary of Estimated Fair Value Level of Financial Assets and Liabilities | The following table summarizes the estimated fair value of the financial assets and liabilities of the Company not measured at fair value as of March 31, 2024 and December 31, 2023:
| Balances as of March 31, 2024 |  | Estimated fair value as of March 31, 2024 |  | Balances as of December 31, 2023 |  | Estimated fair value as of December 31, 2023
| (In millions)
Cash and cash equivalents | $ | 1,403 |  |  | $ | 1,403 |  |  | $ | 1,825 |  |  | $ | 1,825 |
Restricted cash and cash equivalents | 1,002 |  |  | 1,002 |  |  | 898 |  |  | 898 |
Investments | 35 |  |  | 35 |  |  | 15 |  |  | 15 |
Accounts receivables, net | 170 |  |  | 170 |  |  | 156 |  |  | 156 |
Credit card receivables and other means of payment, net | 3,962 |  |  | 3,962 |  |  | 3,632 |  |  | 3,632 |
Loans receivable, net | 3,205 |  |  | 3,200 |  |  | 2,694 |  |  | 2,676 |
Other assets | 94 |  |  | 94 |  |  | 131 |  |  | 131 |
Total Assets | $ | 9,871 |  |  | $ | 9,866 |  |  | $ | 9,351 |  |  | $ | 9,333 |
Accounts payable and accrued expenses | $ | 2,203 |  |  | $ | 2,203 |  |  | $ | 2,117 |  |  | $ | 2,117 |
Funds payable to customers | 5,059 |  |  | 5,059 |  |  | 4,475 |  |  | 4,475 |
Amounts payable due to credit and debit card transactions | 1,352 |  |  | 1,352 |  |  | 1,092 |  |  | 1,092 |
Salaries and social security payable | 498 |  |  | 498 |  |  | 441 |  |  | 441 |
Loans payable and other financial liabilities | 4,342 |  |  | 4,281 |  |  | 4,495 |  |  | 4,441 |
Other liabilities | 317 |  |  | 317 |  |  | 285 |  |  | 285 |
Total Liabilities | $ | 13,771 |  |  | $ | 13,710 |  |  | $ | 12,905 |  |  | $ | 12,851 |

X
- Definition Schedule of company's financial assets and liabilities. + References No definition available. + Details
Name: | meli_ScheduleOfCompanysFinancialAssetsAndLiabilitiesTableTextBlock
Namespace Prefix: | meli_
Data Type: | dtr-types1:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of investment in debt security measured at fair value with change in fair value recognized in other comprehensive income (available-for-sale). + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 320 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 9 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147481800/320-10-50-9 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 320 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 3 -Publisher FASB -URI https://asc.fasb.org//1943274/2147481800/320-10-50-3 Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 320 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org//1943274/2147481800/320-10-50-2 Reference 4: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 320 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org//1943274/2147481800/320-10-50-2 Reference 5: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 320 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147481800/320-10-50-2 Reference 6: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 320 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (aa) -Publisher FASB -URI https://asc.fasb.org//1943274/2147481800/320-10-50-2 Reference 7: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 320 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (aaa) -Publisher FASB -URI https://asc.fasb.org//1943274/2147481800/320-10-50-2 Reference 8: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 320 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org//1943274/2147481800/320-10-50-2 Reference 9: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 320 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 3 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147481800/320-10-50-3 Reference 10: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 320 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 3 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org//1943274/2147481800/320-10-50-3 Reference 11: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 320 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 3 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org//1943274/2147481800/320-10-50-3 Reference 12: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 320 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 3 -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org//1943274/2147481800/320-10-50-3 + Details
Name: | us-gaap_DebtSecuritiesAvailableForSaleTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of assets, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, by class that are measured at fair value on a recurring basis. The disclosures contemplated herein include the fair value measurements at the reporting date by the level within the fair value hierarchy in which the fair value measurements in their entirety fall, segregating fair value measurements using quoted prices in active markets for identical assets (Level 1), significant other observable inputs (Level 2), and significant unobservable inputs (Level 3). + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482106/820-10-50-2 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482106/820-10-50-2 + Details
Name: | us-gaap_FairValueAssetsMeasuredOnRecurringBasisTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_FairValueDisclosuresAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of information about investment in debt security measured at amortized cost (held-to-maturity). + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 320 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 5 -Publisher FASB -URI https://asc.fasb.org//1943274/2147481800/320-10-50-5 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 320 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 5 -Subparagraph (f) -Publisher FASB -URI https://asc.fasb.org//1943274/2147481800/320-10-50-5 Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 320 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 5B -Publisher FASB -URI https://asc.fasb.org//1943274/2147481800/320-10-50-5B Reference 4: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 320 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 5 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147481800/320-10-50-5 Reference 5: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 320 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 5 -Subparagraph (aaa) -Publisher FASB -URI https://asc.fasb.org//1943274/2147481800/320-10-50-5 Reference 6: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 320 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 5 -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org//1943274/2147481800/320-10-50-5 Reference 7: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 320 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 5 -Subparagraph (e) -Publisher FASB -URI https://asc.fasb.org//1943274/2147481800/320-10-50-5 Reference 8: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 320 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 5 -Subparagraph (f)(1) -Publisher FASB -URI https://asc.fasb.org//1943274/2147481800/320-10-50-5 Reference 9: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 320 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 5 -Subparagraph (f)(2) -Publisher FASB -URI https://asc.fasb.org//1943274/2147481800/320-10-50-5 Reference 10: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 320 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 5 -Subparagraph (f)(3) -Publisher FASB -URI https://asc.fasb.org//1943274/2147481800/320-10-50-5 Reference 11: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 320 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 5 -Subparagraph (f)(4) -Publisher FASB -URI https://asc.fasb.org//1943274/2147481800/320-10-50-5 Reference 12: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 320 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 5A -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147481800/320-10-50-5A Reference 13: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 320 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 5A -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org//1943274/2147481800/320-10-50-5A Reference 14: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 320 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 5A -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org//1943274/2147481800/320-10-50-5A Reference 15: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 320 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 5B -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147481800/320-10-50-5B Reference 16: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 320 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 5B -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org//1943274/2147481800/320-10-50-5B Reference 17: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 320 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 5B -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org//1943274/2147481800/320-10-50-5B Reference 18: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 320 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 5B -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org//1943274/2147481800/320-10-50-5B + Details
Name: | us-gaap_HeldToMaturitySecuritiesTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration