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CASH, CASH EQUIVALENTS, RESTRICTED CASH AND CASH EQUIVALENTS AND INVESTMENTS (Tables) | 6 Months Ended
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Jun. 30, 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:
| June 30, 2024 |  | December 31, 2023
| (In millions)
Cash in bank accounts | $ | 1,645 |  |  | $ | 1,458 |
Money market | 822 |  |  | 639 |
Time deposits | 252 |  |  | 367 |
U.S. government debt securities | 99 |  |  | 60 |
Foreign government debt securities | — |  |  | 32 |
Total cash and cash equivalents | 2,818 |  |  | 2,556 |
Securitization transactions (1) | 226 |  |  | 355 |
Foreign government debt securities (Central Bank of Brazil mandatory guarantee) | — |  |  | 114 |
Cash in bank accounts (Argentine Central Bank regulation) | 298 |  |  | 309 |
Cash in bank accounts (Mexican National Banking and Securities Commission regulation) | 69 |  |  | 91 |
Time deposits (Mexican National Banking and Securities Commission regulation) | 292 |  |  | 314 |
Cash in bank accounts (Chilean Commission for the Financial Market regulation) | 70 |  |  | 42 |
Time deposits (Chilean Commission for the Financial Market regulation) | 39 |  |  | 54 |
Money market (Secured lines of credit guarantee) | 3 |  |  | 7 |
Cash in bank accounts (Central Bank of Uruguay mandatory guarantee) | 1 |  |  | 1 |
Time deposits (Central Bank of Uruguay mandatory guarantee) | 4 |  |  | 1 |
Money market (Central Bank of Uruguay mandatory guarantee) | 2 |  |  | 2 |
Foreign government debt securities (Central Bank of Uruguay mandatory guarantee) | 1 |  |  | 2 |
Total restricted cash and cash equivalents | 1,005 |  |  | 1,292 |
Total cash, cash equivalents, restricted cash and cash equivalents (2) | $ | 3,823 |  |  | $ | 3,848 |
U.S. government debt securities | $ | 911 |  |  | $ | 1,009 |
Foreign government debt securities (3) | 2,977 |  |  | 2,451 |
Time deposits (4) | 101 |  |  | 15 |
Corporate debt securities | 84 |  |  | 5 |
Total short-term investments | $ | 4,073 |  |  | $ | 3,480 |
U.S. government debt securities | $ | 119 |  |  | $ | — |
Foreign government debt securities | 50 |  |  | 56 |
Securitization transactions (1) | 18 |  |  | 23 |
Corporate debt securities | 169 |  |  | 25 |
Equity securities held at cost | 60 |  |  | 58 |
Total long-term investments | $ | 416 |  |  | $ | 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 June 30, 2024 and December 31, 2023, includes $2,756 million and $2,283 million, respectively, considered restricted due to the Central Bank of Brazil’s mandatory guarantee. Also, as of June 30, 2024 and December 31, 2023, includes $6 million that guarantees a line of credit and is considered restricted. As of June 30, 2024, includes $8 million considered restricted due to the Central Bank of Uruguay’s mandatory guarantee. (4) As of June 30, 2024, includes $32 million of collateral as part of card scheme arrangement rules in Brazil, and is considered restricted.

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