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LOANS PAYABLE AND OTHER FINANCIAL LIABILITIES (Tables)
 9 Months Ended
Sep. 30, 2024
Debt Disclosure [Abstract]  
Summary of Loans Payable and Other Financial Liabilities
The following tables summarize the Company’s Loans payable and other financial liabilities as of September 30, 2024 and December 31, 2023:
September 30, 2024December 31, 2023
(In millions)
Loans from banks$680 $485 
Bank overdrafts1 33 
Secured lines of credit65 39 
Financial Bills8 — 
Deposit Certificates1,058 976 
Commercial Notes2 7 
Finance lease liabilities
32 35 
Collateralized debt390 693 
2026 Sustainability Notes2 4 
2031 Notes4 9 
Other lines of credit8 11 
Current loans payable and other financial liabilities$2,250 $2,292 
Loans from banks$169 $72 
Secured lines of credit8 17 
Financial Bills272 8 
Commercial Notes192 211 
Finance lease liabilities69 96 
Collateralized debt1,455 782 
2026 Sustainability Notes362 389 
2031 Notes575 626 
Other lines of credit1 2 
Non-Current loans payable and other financial liabilities$3,103 $2,203 
Type of instrumentCurrencyInterestWeighted Average Interest Rate MaturitySeptember 30, 2024December 31, 2023





 (In millions)
Loans from banks
Chilean SubsidiariesChilean PesosFixed7.18%October 2024 - September 2025$126 $104 
Brazilian SubsidiaryBrazilian ReaisVariable
CDI + 0.81%
March 202549 — 
Brazilian Subsidiary (1)
US DollarFixed5.90%November 202453 216 
Brazilian Subsidiary (1)
EurosFixed4.26%September 2025128 — 
Brazilian SubsidiaryBrazilian ReaisVariable
TJLP + 0.80%
October 2024 - May 203124 9 
Mexican SubsidiariesMexican PesosVariable
TIIE + 1.59% - 3.5%
October 2024 - August 2029421 178 
Uruguayan SubsidiaryUruguayan PesosFixed8.78%October - December 202448 50 
Bank overdrafts
Uruguayan SubsidiaryUruguayan Pesos——October 20241 13 
Chilean SubsidiariesChilean Pesos———— 20 
Secured lines of credit
Argentine SubsidiariesArgentine PesosFixed42.21%October 202456 29 
Mexican SubsidiaryMexican PesosFixed10.51%October 2024 - July 202717 27 
Financial Bills
Brazilian SubsidiaryBrazilian ReaisVariable
CDI + 0.45% - 1.40%
March 2025 - September 2027280 8 
Deposit Certificates
Brazilian SubsidiaryBrazilian ReaisVariable
CDI + 0.32% - 0.69%
October 2024 - September 2025227 — 
Brazilian SubsidiaryBrazilian ReaisVariable
98% to 150% of CDI
October 2024 - September 2025769 703 
Brazilian SubsidiaryBrazilian ReaisFixed
10.10% - 11.91%
October 2024 - March 202534 77 
Brazilian SubsidiaryBrazilian ReaisVariable
101.50% of CDI
October 202428 196 
Commercial Notes
Brazilian SubsidiaryBrazilian ReaisVariable
DI + 0.88%
October 2024 - August 202767 78 
Brazilian SubsidiaryBrazilian ReaisVariable
IPCA + 6.41%
October 2024 - August 2029127 140 
Finance lease liabilities101 131 
Collateralized debt1,845 1,475 
2026 Sustainability NotesUS DollarFixed2.375%January 2025 - January 2026364 393 
2031 NotesUS DollarFixed3.125%January 2025 - January 2031579 635 
Other lines of credit9 13 
$5,353 $4,495 
(1) The carrying amount includes the effect of the derivative instruments that qualified for fair value hedge accounting. See Note 16 – Derivative instruments for further detail.