XML 52 R41.htm IDEA: XBRL DOCUMENT
v3.24.3

DERIVATIVE INSTRUMENTS (Tables) | 9 Months Ended
--- | ---
Sep. 30, 2024
Derivative Instruments and Hedging Activities Disclosure [Abstract] |
Summary of Notional Amounts | The following table presents the notional amounts of the Company’s outstanding derivative instruments:
| Notional Amount as of
| September 30, 2024 |  | December 31, 2023
| (In millions)
Designated as hedging instrument |  |  |
Foreign exchange contracts | $ | 86 |  |  | $ | 91 |
Cross currency swap contracts | 177 |  |  | 244 |
Not designated as hedging instrument |  |  |
Foreign exchange contracts | $ | — |  |  | $ | 16 |
Interest rate swap contracts | 165 |  |  | 245 |
Summary of Outstanding Derivative Instruments | The fair values of the Company’s outstanding derivative instruments as of September 30, 2024 and December 31, 2023 were as follows:
Derivative instruments |  |  | September 30, |  | December 31,
| 2024 |  | 2023
|  |  | (In millions)
Foreign exchange contracts designated as cash flow hedges | Other current assets |  | $ | 2 |  |  | $ | — |
Cross currency swap contracts designated as fair value hedge | Other current assets |  | 4 |  |  | 1 |
Interest rate swap contracts not designated as hedging instruments | Other non-current assets |  | 20 |  |  | 22 |
Cross currency swap contracts designated as net investment hedge | Other current liabilities |  | — |  |  | 6 |
Cross currency swap contracts designated as fair value hedge | Other current liabilities |  | 1 |  |  | 4 |
Interest rate swap contracts not designated as hedging instruments | Other current liabilities |  | 6 |  |  | 7 |
Foreign exchange contracts not designated as hedging instruments | Other current liabilities |  | — |  |  | 1 |
Foreign exchange contracts designated as cash flow hedges | Other current liabilities |  | 1 |  |  | 3 |
Interest rate swap contracts not designated as hedging instruments | Other non-current liabilities |  | 10 |  |  | 10 |
Effect of Derivative Contracts on Comprehensive Income | The effects of derivative contracts on the interim condensed consolidated statement of comprehensive income for the nine-month periods ended September 30, 2024 and 2023 were as follows:
| December 31, 2023 |  | Amount of gain recognized in other comprehensive income |  | Amount of (gain) loss reclassified from accumulated other comprehensive income |  | September 30, 2024
| (In millions)
Foreign exchange contracts designated as cash flow hedges | $ | (4) |  |  | $ | 7 |  |  | $ | (2) |  |  | $ | 1 |
Cross currency swap contracts designated as net investment hedge | (3) |  |  | 2 |  |  | 1 |  |  | — |
| $ | (7) |  |  | $ | 9 |  |  | $ | (1) |  |  | $ | 1 |
| December 31, 2022 |  | Amount of gain (loss) recognized in other comprehensive income |  | Amount of (gain) loss reclassified from accumulated other comprehensive income |  | September 30, 2023
| (In millions)
Foreign exchange contracts designated as cash flow hedges | $ | (2) |  |  | $ | (9) |  |  | $ | 9 |  |  | $ | (2) |
Interest swap contracts designated as cash flow hedges | (2) |  |  | 8 |  |  | (6) |  |  | — |
Cross currency swap contracts designated as net investment hedge | (1) |  |  | (7) |  |  | 5 |  |  | (3) |
| $ | (5) |  |  | $ | (8) |  |  | $ | 8 |  |  | $ | (5) |
Effect of Derivative Contracts on Income Statement | The effects of derivative contracts not designated as hedging instruments on the interim condensed consolidated statements of income for the nine and three-month periods ended September 30, 2024 and 2023 were as follows:
| Nine months period ended September 30, |  | Three months period ended September 30,
| 2024 |  | 2023 |  | 2024 |  | 2023
| (In millions) |  | (In millions)
Foreign exchange contracts not designated as hedging instruments recognized in Foreign currency losses, net | $ | — |  |  | $ | (10) |  |  | $ | — |  |  | $ | 1 |
Interest rate contracts not designated as hedging instruments recognized in Interest expense and other financial losses | (7) |  |  | 1 |  |  | (1) |  |  | (4) |
| $ | (7) |  |  | $ | (9) |  |  | $ | (1) |  |  | $ | (3) |

X
- Definition Schedule Of Derivative Instruments, Effect On Comprehensive Income + References No definition available. + Details
Name: | meli_ScheduleOfDerivativeInstrumentsEffectOnComprehensiveIncomeTableTextBlock
Namespace Prefix: | meli_
Data Type: | dtr-types1:textBlockItemType
Balance Type: | na
Period Type: | duration

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

X
- Definition Tabular disclosure of the location and fair value amounts of derivative instruments (and nonderivative instruments that are designated and qualify as hedging instruments) reported in the statement of financial position. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4B -Publisher FASB -URI https://asc.fasb.org/1943274/2147480434/815-10-50-4B + Details
Name: | us-gaap_ScheduleOfDerivativeInstrumentsInStatementOfFinancialPositionFairValueTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of pertinent information about a derivative or group of derivatives on a disaggregated basis, such as for individual instruments, or small groups of similar instruments. May include a combination of the type of instrument, risks being hedged, notional amount, hedge designation, related hedged item, inception date, maturity date, or other relevant item. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 50 -Paragraph 2 -SubTopic 10 -Topic 815 -Publisher FASB -URI https://asc.fasb.org/1943274/2147480434/815-10-50-2 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 1A -Publisher FASB -URI https://asc.fasb.org/1943274/2147480434/815-10-50-1A Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 1B -Publisher FASB -URI https://asc.fasb.org/1943274/2147480434/815-10-50-1B Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 8 -Publisher FASB -URI https://asc.fasb.org/1943274/2147480434/815-10-50-8 Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4B -Publisher FASB -URI https://asc.fasb.org/1943274/2147480434/815-10-50-4B Reference 6: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 1 -Publisher FASB -URI https://asc.fasb.org/1943274/2147480434/815-10-50-1 Reference 7: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4 -Publisher FASB -URI https://asc.fasb.org/1943274/2147480434/815-10-50-4 Reference 8: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 5 -Publisher FASB -URI https://asc.fasb.org/1943274/2147480434/815-10-50-5 Reference 9: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4C -Publisher FASB -URI https://asc.fasb.org/1943274/2147480434/815-10-50-4C + Details
Name: | us-gaap_ScheduleOfDerivativeInstrumentsTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the notional amounts of outstanding derivative positions. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 1A -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480434/815-10-50-1A + Details
Name: | us-gaap_ScheduleOfNotionalAmountsOfOutstandingDerivativePositionsTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration