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LOANS PAYABLE AND OTHER FINANCIAL LIABILITIES (Tables)
 12 Months Ended
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,
20242023
(In millions)
Loans from banks$946 $485 
Bank overdrafts26 33 
Secured lines of credit110 39 
Financial Bills7 — 
Deposit Certificates1,068 976 
Commercial Notes5 7 
Finance lease liabilities41 35 
Collateralized debt610 693 
2026 Sustainability Notes4 4 
2031 Notes8 9 
Other lines of credit3 11 
Current loans payable and other financial liabilities$2,828 $2,292 
Loans from banks$217 $72 
Secured lines of credit6 17 
Financial Bills271 8 
Deposit Certificates2 — 
Commercial Notes170 211 
Finance lease liabilities81 96 
Collateralized debt1,232 782 
2026 Sustainability Notes362 389 
2031 Notes546 626 
Other lines of credit— 2 
Non-Current loans payable and other financial liabilities$2,887 $2,203 
Type of instrumentCurrencyInterestWeighted Average Interest
Rate 		MaturityDecember 31,
20242023
 (In millions)
Loans from banks
Chilean SubsidiariesChilean PesosFixed6.80%January - December 2025$134 $104 
Brazilian SubsidiaryBrazilian ReaisVariableCDI + 0.81March 202544 — 
Brazilian Subsidiary (1)
US DollarFixed5.55%October - November 2025211 216 
Brazilian Subsidiary (1)
EurosFixed4.16%September 2025 - November 2026190 — 
Brazilian Subsidiary
Brazilian ReaisVariable
TJLP + 0.8%
January 2025 - May 203120 9 
Mexican SubsidiariesMexican PesosVariable
TIIE + 1.59% - 3.50%
January 2025 - September 2029512 178 
Uruguayan SubsidiaryUruguayan PesosFixed8.88%January - June 202552 50 
Bank overdrafts
Uruguayan SubsidiaryUruguayan PesosFixed9.64%January 202515 13 
Chilean SubsidiaryChilean PesosVariable
TIB + 2.00%
January 202511 20 
Secured lines of credit
Argentine SubsidiariesArgentine PesosFixed37.62%January - February 2025102 29 
Mexican SubsidiaryMexican PesosFixed10.63%January 2025 - July 202714 27 
Financial Bills
Brazilian SubsidiaryBrazilian ReaisVariable
CDI + 0.45% - 1.40%
March 2025 - September 2027278 8 
Deposit Certificates
Brazilian SubsidiaryBrazilian ReaisVariable
CDI +0.29% - 0.7%
January - November 2025331 — 
Brazilian SubsidiaryBrazilian ReaisVariable
98% to 150% of CDI
January 2025 - December 2026480 703 
Brazilian SubsidiaryBrazilian ReaisFixed
10.69% - 13.98%
January - June 202536 77 
Brazilian SubsidiaryBrazilian ReaisVariable
101.5% to 107.5% of CDI
January - February 2025223 196 
Commercial Notes
Brazilian SubsidiaryBrazilian ReaisVariable
DI + 0.88%
January 2025 - August 202760 78 
Brazilian SubsidiaryBrazilian ReaisVariable
IPCA + 6.41%
January 2025 - August 2029115 140 
Finance lease liabilities122 131 
Collateralized debt1,842 1,475 
2026 Sustainability NotesUS DollarFixed2.375%January 2025 - January 2026366 393 
2031 NotesUS DollarFixed3.125%January 2025 - January 2031554 635 
Other lines of credit3 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.