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LOANS PAYABLE AND OTHER FINANCIAL LIABILITIES (Tables) | 12 Months Ended
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Dec. 31, 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 December 31, 2024 and 2023:
| December 31,
| 2024 |  | 2023
| (In millions)
Loans from banks | $ | 946 |  |  | $ | 485 |
Bank overdrafts | 26 |  |  | 33 |
Secured lines of credit | 110 |  |  | 39 |
Financial Bills | 7 |  |  | — |
Deposit Certificates | 1,068 |  |  | 976 |
Commercial Notes | 5 |  |  | 7 |
Finance lease liabilities | 41 |  |  | 35 |
Collateralized debt | 610 |  |  | 693 |
2026 Sustainability Notes | 4 |  |  | 4 |
2031 Notes | 8 |  |  | 9 |
Other lines of credit | 3 |  |  | 11 |
Current loans payable and other financial liabilities | $ | 2,828 |  |  | $ | 2,292 |
Loans from banks | $ | 217 |  |  | $ | 72 |
Secured lines of credit | 6 |  |  | 17 |
Financial Bills | 271 |  |  | 8 |
Deposit Certificates | 2 |  |  | — |
Commercial Notes | 170 |  |  | 211 |
Finance lease liabilities | 81 |  |  | 96 |
Collateralized debt | 1,232 |  |  | 782 |
2026 Sustainability Notes | 362 |  |  | 389 |
2031 Notes | 546 |  |  | 626 |
Other lines of credit | — |  |  | 2 |
Non-Current loans payable and other financial liabilities | $ | 2,887 |  |  | $ | 2,203 |
Type of instrument |  | Currency |  | Interest |  | Weighted Average Interest Rate |  | Maturity |  | December 31,
|  |  |  |  | 2024 |  | 2023
|  |  |  |  |  |  |  |  |  | (In millions)
Loans from banks |  |  |  |  |  |  |  |  |  |  |  |
Chilean Subsidiaries |  | Chilean Pesos |  | Fixed |  | 6.80% |  | January - December 2025 |  | $ | 134 |  |  | $ | 104 |
Brazilian Subsidiary |  | Brazilian Reais |  | Variable |  | CDI + 0.81 |  | March 2025 |  | 44 |  |  | — |
Brazilian Subsidiary (1) |  | US Dollar |  | Fixed |  | 5.55% |  | October - November 2025 |  | 211 |  |  | 216 |
Brazilian Subsidiary (1) |  | Euros |  | Fixed |  | 4.16% |  | September 2025 - November 2026 |  | 190 |  |  | — |
Brazilian Subsidiary |  | Brazilian Reais |  | Variable |  | TJLP + 0.8% |  | January 2025 - May 2031 |  | 20 |  |  | 9 |
Mexican Subsidiaries |  | Mexican Pesos |  | Variable |  | TIIE + 1.59% - 3.50% |  | January 2025 - September 2029 |  | 512 |  |  | 178 |
Uruguayan Subsidiary |  | Uruguayan Pesos |  | Fixed |  | 8.88% |  | January - June 2025 |  | 52 |  |  | 50 |
Bank overdrafts |  |  |  |  |  |  |  |  |  |  |  |
Uruguayan Subsidiary |  | Uruguayan Pesos |  | Fixed |  | 9.64% |  | January 2025 |  | 15 |  |  | 13 |
Chilean Subsidiary |  | Chilean Pesos |  | Variable |  | TIB + 2.00% |  | January 2025 |  | 11 |  |  | 20 |
Secured lines of credit |  |  |  |  |  |  |  |  |  |  |  |
Argentine Subsidiaries |  | Argentine Pesos |  | Fixed |  | 37.62% |  | January - February 2025 |  | 102 |  |  | 29 |
Mexican Subsidiary |  | Mexican Pesos |  | Fixed |  | 10.63% |  | January 2025 - July 2027 |  | 14 |  |  | 27 |
Financial Bills |  |  |  |  |  |  |  |  |  |  |  |
Brazilian Subsidiary |  | Brazilian Reais |  | Variable |  | CDI + 0.45% - 1.40% |  | March 2025 - September 2027 |  | 278 |  |  | 8 |
Deposit Certificates |  |  |  |  |  |  |  |  |  |  |  |
Brazilian Subsidiary |  | Brazilian Reais |  | Variable |  | CDI +0.29% - 0.7% |  | January - November 2025 |  | 331 |  |  | — |
Brazilian Subsidiary |  | Brazilian Reais |  | Variable |  | 98% to 150% of CDI |  | January 2025 - December 2026 |  | 480 |  |  | 703 |
Brazilian Subsidiary |  | Brazilian Reais |  | Fixed |  | 10.69% - 13.98% |  | January - June 2025 |  | 36 |  |  | 77 |
Brazilian Subsidiary |  | Brazilian Reais |  | Variable |  | 101.5% to 107.5% of CDI |  | January - February 2025 |  | 223 |  |  | 196 |
Commercial Notes |  |  |  |  |  |  |  |  |  |  |  |
Brazilian Subsidiary |  | Brazilian Reais |  | Variable |  | DI + 0.88% |  | January 2025 - August 2027 |  | 60 |  |  | 78 |
Brazilian Subsidiary |  | Brazilian Reais |  | Variable |  | IPCA + 6.41% |  | January 2025 - August 2029 |  | 115 |  |  | 140 |
Finance lease liabilities |  |  |  |  |  |  |  |  |  | 122 |  |  | 131 |
Collateralized debt |  |  |  |  |  |  |  |  |  | 1,842 |  |  | 1,475 |
2026 Sustainability Notes |  | US Dollar |  | Fixed |  | 2.375% |  | January 2025 - January 2026 |  | 366 |  |  | 393 |
2031 Notes |  | US Dollar |  | Fixed |  | 3.125% |  | January 2025 - January 2031 |  | 554 |  |  | 635 |
Other lines of credit |  |  |  |  |  |  |  |  |  | 3 |  |  | 13 |
|  |  |  |  |  |  |  |  |  | $ | 5,715 |  |  | $ | 4,495 |
(1) The carrying amount includes the effect of the derivative instruments that qualified for fair value hedge accounting. See Note 23 – Derivative instruments of these audited consolidated financial statements for further detail.

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- Definition Tabular disclosure of information pertaining to short-term and long-debt instruments or arrangements, including but not limited to identification of terms, features, collateral requirements and other information necessary to a fair presentation. + References No definition available. + Details
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