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CASH, CASH EQUIVALENTS, RESTRICTED CASH AND CASH EQUIVALENTS AND INVESTMENTS (Tables)
 3 Months Ended
Mar. 31, 2024
Cash and Cash Equivalents [Abstract]  
Components of 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:

March 31, 2024December 31, 2023
(In millions)
Cash in bank accounts$1,218 $1,458 
Money market955 639 
Time deposits185 367 
U.S. government debt securities221 60 
Foreign government debt securities— 32 
Total cash and cash equivalents2,579 2,556 
Securitization transactions (1)
312 355 
Foreign government debt securities (Central Bank of Brazil mandatory guarantee)
— 114 
Cash in bank accounts (Argentine Central Bank regulation)
390 309 
Cash in bank accounts (Mexican National Banking and Securities Commission regulation)
155 91 
Time deposits (Mexican National Banking and Securities Commission regulation)
278 314 
Cash in bank accounts (Chilean Commission for the Financial Market regulation)
36 42 
Time deposits (Chilean Commission for the Financial Market regulation)
48 54 
Money market (Secured lines of credit guarantee)12 7 
Cash in bank accounts (Central Bank of Uruguay mandatory guarantee)
— 1 
Time deposits (Central Bank of Uruguay mandatory guarantee)
4 1 
Money market (Central Bank of Uruguay mandatory guarantee)
3 2 
Foreign government debt securities (Central Bank of Uruguay mandatory guarantee)
1 2 
Total restricted cash and cash equivalents1,239 1,292 
Total cash, cash equivalents, restricted cash and cash equivalents (2)
$3,818 $3,848 
U.S. government debt securities$853 $1,009 
Foreign government debt securities (3)
2,745 2,451 
Time deposits (4)
35 15 
Corporate debt securities38 5 
Total short-term investments$3,671 $3,480 
Foreign government debt securities
$54 $56 
Securitization transactions (1)
23 23 
Corporate debt securities113 25 
Equity securities held at cost59 58 
Total long-term investments$249 $162 
(1) Cash, cash equivalents and 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 interim condensed consolidated statements of cash flows.
(3) As of March 31, 2024 and December 31, 2023, includes $2,452 million and $2,283 million, respectively, considered restricted due to the Central Bank of Brazil's mandatory guarantee. Also, as of March 31, 2024 and December 31, 2023, includes $6 million that guarantees a line of credit and is considered restricted. As of March 31, 2024, includes $5 million considered restricted due to the Central Bank of Uruguay's mandatory guarantee.
(4) As of March 31, 2024, includes $35 million of collateral as part of card scheme arrangement rules in Brazil, and is considered restricted.