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FAIR VALUE MEASUREMENT OF ASSETS AND LIABILITIES (Tables)
 12 Months Ended
Dec. 31, 2024
Fair Value Disclosures [Abstract]  
Summary of Assets and Liabilities Measured at Fair Value
The following table summarizes the Company’s assets and liabilities measured at fair value on a recurring basis as of December 31, 2024 and 2023:
Balances as of
December 31, 2024		Quoted Prices in
active markets for
identical Assets
(Level 1)		Significant other
observable inputs
(Level 2)		Unobservable
inputs
(Level 3)		Balances as of
December 31, 2023		Quoted Prices in
active markets for
identical Assets
(Level 1)		Significant other
observable inputs
(Level 2)
(In millions)
Cash and cash equivalents:
Money market$572 $572 $— $— $639 $639 $— 
U.S. government debt securities (1)
— — — — 60 60 — 
Foreign government debt securities (1)
4 4 — — 32 32 — 
Restricted cash and cash equivalents:
Money market (2)
297 297 — — 278 278 — 
Foreign government debt securities (1)
469 469 — — 116 116 — 
Investments:
U.S. government debt securities (1)
1,087 1,087 — — 1,009 1,009 — 
Foreign government debt securities (1) (3)
4,114 4,114 — — 2,530 2,530 — 
Corporate debt securities262 262 — — 30 30 — 
Other assets:
Derivative instruments58 — 58 — 23 — 23 
Intangible assets at fair value49 49 — — 24 24 — 
Total assets$6,912 $6,854 $58 $— $4,741 $4,718 $23 
Salaries and social security payable:
Long-term retention program$163 $— $163 $— $104 $— $104 
Other Liabilities:
Contingent considerations4 — — 4 — — — 
Derivative Instruments31 — 31 — 31 — 31 
Meli Dólar liability (1)
31 — 31 — — — — 
Total liabilities$229 $— $225 $4 $135 $— $135 
(1) Measured at fair value with impact on the consolidated statements of income for the application of the fair value option. (See Note 2 – Summary of significant accounting policies – Fair value option applied to certain investments and Meli Dólar liability.)
(2) As of December 31, 2024 and 2023 includes $283 million and $269 million, respectively, of money market funds from securitization transactions. (See Note 5 – Cash, cash equivalents, restricted cash and cash equivalents and investments.)
(3) As of December 31, 2024 and 2023 includes $12 million and $23 million, respectively, of investments from securitization transactions. (See Note 5 – Cash, cash equivalents, restricted cash and cash equivalents and investments.)
Summary of Debt Securities Classified as Available for Sale
The following table summarizes the net carrying amount of the investments classified as available for sale (Corporate debt securities), classified by its contractual maturities:
December 31,
20242023
(In millions)
One year or less$87 $5 
One year to two years45 12 
Two years to three years21 4 
Three years to four years63 3 
Four years to five years46 6 
Total available for sale investments
$262 $30 
Summary of Debt Securities Classified as Held to Maturity
The following table summarizes the net carrying amount of the debt securities not classified as available for sale (U.S. and foreign government debt securities), classified by its contractual maturities or Management expectation to convert the investments into cash:
December 31,
20242023
(In millions)
One year or less$4,711 $3,668 
One year to two years475 4 
Two years to three years152 — 
Three years to four years231 35 
Four years to five years104 37 
More than five years1 3 
Total debt securities not classified as available for sale$5,674 $3,747 
Summary of Estimated Fair Value Level of Financial Assets and Liabilities
The following table summarizes the estimated fair value level of the financial assets and liabilities of the Company not measured at fair value as of December 31, 2024 and 2023:
Balances as of
December 31, 2024		Estimated fair value as of December 31, 2024Balances as of
December 31, 2023		Estimated fair value as of December 31, 2023
(In millions)
Cash and cash equivalents$2,059 $2,059 $1,825 $1,825 
Restricted cash and cash equivalents (1)
1,298 1,298 898 898 
Investments160 160 15 15 
Accounts receivables, net255 255 156 156 
Credit card receivables and other means of payment, net5,288 5,288 3,632 3,632 
Loans receivable, net4,895 4,840 2,694 2,676 
Other assets114 114 131 131 
Total Assets$14,069 $14,014 $9,351 $9,333 
Accounts payable and accrued expenses$3,196 $3,196 $2,117 $2,117 
Funds payable to customers6,954 6,954 4,475 4,475 
Amounts payable due to credit and debit card transactions1,964 1,964 1,092 1,092 
Salaries and social security payable564 564 441 441 
Loans payable and other financial liabilities5,593 5,499 4,495 4,441 
Other liabilities356 356 285 285 
Total Liabilities$18,627 $18,533 $12,905 $12,851 
(1) As of December 31, 2024 and 2023 includes $38 million and $12 million of cash in banks, and $171 million and $74 million of time deposits from securitization transactions, respectively. (See Note 5 – Cash, cash equivalents, restricted cash and cash equivalents and investments.)