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CASH, CASH EQUIVALENTS, RESTRICTED CASH AND CASH EQUIVALENTS AND INVESTMENTS (Tables) | 12 Months Ended
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Dec. 31, 2024
Cash and Cash Equivalents [Abstract] |
Summary of Composition of Cash, Cash Equivalents, Restricted Cash and Cash Equivalents, Short-term and Long-term Investments | The composition of cash, cash equivalents, restricted cash and cash equivalents, short-term and long-term investments is as follows:
| December 31,
| 2024 |  | 2023
| (In millions)
Cash in bank accounts | $ | 1,725 |  |  | $ | 1,458 |
Money market | 572 |  |  | 639 |
Time deposits | 334 |  |  | 367 |
U.S. government debt securities | — |  |  | 60 |
Foreign government debt securities | 4 |  |  | 32 |
Total cash and cash equivalents | 2,635 |  |  | 2,556 |
Securitization transactions (1) | 492 |  |  | 355 |
Foreign government debt securities (Central Bank of Brazil mandatory guarantee) | 469 |  |  | 114 |
Cash in bank account (Argentine Central Bank regulation) | 471 |  |  | 309 |
Cash in bank account (Mexican National Banking and Securities Commission regulation) | 149 |  |  | 91 |
Time deposits (Mexican National Banking and Securities Commission regulation) | 297 |  |  | 314 |
Cash in bank account (Chilean Commission for the Financial Market regulation) | 130 |  |  | 42 |
Time deposits (Chilean Commission for the Financial Market regulation) | 39 |  |  | 54 |
Money market (Secured lines of credit guarantee) | 14 |  |  | 7 |
Cash in bank account (Central Bank of Uruguay mandatory guarantee) | — |  |  | 1 |
Time deposits (Central Bank of Uruguay mandatory guarantee) | 3 |  |  | 1 |
Money market (Central Bank of Uruguay mandatory guarantee) | — |  |  | 2 |
Foreign government debt securities (Central Bank of Uruguay mandatory guarantee) | — |  |  | 2 |
Total restricted cash and cash equivalents | 2,064 |  |  | 1,292 |
Total cash, cash equivalents, restricted cash and cash equivalents (2) | $ | 4,699 |  |  | $ | 3,848 |
U.S. government debt securities | $ | 619 |  |  | $ | 1,009 |
Foreign government debt securities (3) | 3,619 |  |  | 2,451 |
Time deposits (4) | 160 |  |  | 15 |
Corporate debt securities (5) | 87 |  |  | 5 |
Total short-term investments | $ | 4,485 |  |  | $ | 3,480 |
U.S. government debt securities | $ | 468 |  |  | $ | — |
Foreign government debt securities (5) (6) | 483 |  |  | 56 |
Securitization transactions (1) | 12 |  |  | 23 |
Corporate debt securities | 175 |  |  | 25 |
Equity securities held at cost | 65 |  |  | 58 |
Total long-term investments | $ | 1,203 |  |  | $ | 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 consolidated statements of cash flows. (3) As of December 31, 2024 and 2023, includes $3,370 million and $2,283 million considered restricted due to Central Bank of Brazil mandatory guarantee. Also, as of December 31, 2024 and 2023, includes $5 million and $6 million, respectively, that guarantees a line of credit and is considered restricted. As of December 31, 2024, includes $17 million considered restricted due to the Central Bank of Uruguay’s mandatory guarantee. (4) As of December 31, 2024, includes $42 million of collateral as part of credit card scheme arrangement rules in Brazil, and is considered restricted. As of December 31, 2024 and 2023, the time deposits in excess of $100 thousand, are in majority foreign deposits. (5) As of December 31, 2024, $337 million foreign government debt securities and $1 million corporate debt securities are held by a consolidated VIE. (6) As of December 31, 2024, includes $2 million considered restricted due to Brazilian stock market mandatory guarantee to operate with futures contracts.

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