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CASH, CASH EQUIVALENTS, RESTRICTED CASH AND CASH EQUIVALENTS AND INVESTMENTS (Tables)
 12 Months Ended
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,
20242023
(In millions)
Cash in bank accounts$1,725 $1,458 
Money market572 639 
Time deposits334 367 
U.S. government debt securities— 60 
Foreign government debt securities4 32 
Total cash and cash equivalents2,635 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 equivalents2,064 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 securities175 25 
Equity securities held at cost65 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.