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CASH, CASH EQUIVALENTS, RESTRICTED CASH AND CASH EQUIVALENTS AND INVESTMENTS | 9 Months Ended
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Sep. 30, 2024
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:
| September 30, 2024 |  | December 31, 2023
| (In millions)
Cash in bank accounts | $ | 1,518 |  |  | $ | 1,458 |
Money market | 302 |  |  | 639 |
Time deposits | 342 |  |  | 367 |
U.S. government debt securities | — |  |  | 60 |
Foreign government debt securities | — |  |  | 32 |
Total cash and cash equivalents | 2,162 |  |  | 2,556 |
Securitization transactions (1) | 480 |  |  | 355 |
Foreign government debt securities (Central Bank of Brazil mandatory guarantee) | — |  |  | 114 |
Cash in bank accounts (Central Bank of Brazil mandatory guarantee) | 18 |  |  | — |
Cash in bank accounts (Argentine Central Bank regulation) | 336 |  |  | 309 |
Cash in bank accounts (Mexican National Banking and Securities Commission regulation) | 143 |  |  | 91 |
Time deposits (Mexican National Banking and Securities Commission regulation) | 216 |  |  | 314 |
Cash in bank accounts (Chilean Commission for the Financial Market regulation) | 82 |  |  | 42 |
Time deposits (Chilean Commission for the Financial Market regulation) | 38 |  |  | 54 |
Money market (Secured lines of credit guarantee) | 1 |  |  | 7 |
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 |  |  | 2 |
Foreign government debt securities (Central Bank of Uruguay mandatory guarantee) | — |  |  | 2 |
Total restricted cash and cash equivalents | 1,316 |  |  | 1,292 |
Total cash, cash equivalents, restricted cash and cash equivalents (2) | $ | 3,478 |  |  | $ | 3,848 |
U.S. government debt securities | $ | 975 |  |  | $ | 1,009 |
Foreign government debt securities (3) | 3,358 |  |  | 2,451 |
Time deposits (4) | 84 |  |  | 15 |
Corporate debt securities (5) | 94 |  |  | 5 |
Total short-term investments | $ | 4,511 |  |  | $ | 3,480 |
U.S. government debt securities | $ | 287 |  |  | $ | — |
Foreign government debt securities (5) | 692 |  |  | 56 |
Securitization transactions (1) | 19 |  |  | 23 |
Corporate debt securities | 167 |  |  | 25 |
Equity securities held at cost | 61 |  |  | 58 |
Total long-term investments | $ | 1,226 |  |  | $ | 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 September 30, 2024 and December 31, 2023, includes $3,336 million and $2,283 million, respectively, considered restricted due to the Central Bank of Brazil’s mandatory guarantee. Also, as of September 30, 2024 and December 31, 2023, includes $6 million that guarantees a line of credit and is considered restricted. As of September 30, 2024, includes $13 million considered restricted due to the Central Bank of Uruguay’s mandatory guarantee. (4) As of September 30, 2024, includes $47 million of collateral as part of credit card scheme arrangement rules in Brazil, and is considered restricted. (5) As of September 30, 2024, $635 million foreign government debt securities and $2 million corporate debt securities are held by a consolidated VIE.

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- Definition The entire disclosure for cash and cash equivalent footnotes, which may include the types of deposits and money market instruments, applicable carrying amounts, restricted amounts and compensating balance arrangements. Cash and equivalents include: (1) currency on hand (2) demand deposits with banks or financial institutions (3) other kinds of accounts that have the general characteristics of demand deposits (4) short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Generally, only investments maturing within three months from the date of acquisition qualify. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 210 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(1)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 944 -SubTopic 210 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.7-03(a)(2)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147478777/944-210-S99-1 + Details
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