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LOANS PAYABLE AND OTHER FINANCIAL LIABILITIES (Tables) | 3 Months Ended
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Mar. 31, 2025
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 March 31, 2025 and December 31, 2024:
| March 31, 2025 |  | December 31, 2024
| (In millions)
Loans from banks | $ | 1,045 |  |  | $ | 946 |
Bank overdrafts | — |  |  | 26 |
Secured lines of credit | 138 |  |  | 110 |
Financial Bills | 27 |  |  | 7 |
Deposit Certificates | 1,076 |  |  | 1,068 |
Commercial Notes | 6 |  |  | 5 |
Finance lease liabilities | 39 |  |  | 41 |
Collateralized debt | 864 |  |  | 610 |
2026 Sustainability Notes | 364 |  |  | 4 |
2031 Notes | 4 |  |  | 8 |
Other lines of credit | 6 |  |  | 3 |
Current loans payable and other financial liabilities | $ | 3,569 |  |  | $ | 2,828 |
Loans from banks | $ | 361 |  |  | $ | 217 |
Secured lines of credit | 5 |  |  | 6 |
Financial Bills | 455 |  |  | 271 |
Deposit Certificates | 2 |  |  | 2 |
Commercial Notes | 186 |  |  | 170 |
Finance lease liabilities | 76 |  |  | 81 |
Collateralized debt | 1,232 |  |  | 1,232 |
2026 Sustainability Notes | — |  |  | 362 |
2031 Notes | 546 |  |  | 546 |
Other lines of credit | 1 |  |  | — |
Non-Current loans payable and other financial liabilities | $ | 2,864 |  |  | $ | 2,887 |
Type of instrument |  | Currency |  | Interest |  | Weighted Average Interest Rate |  | Maturity |  | March 31, 2025 |  | December 31, 2024
|  |  |  |  |  |  |  |  |  | (In millions)
Loans from banks |  |  |  |  |  |  |  |  |  |  |  |
Chilean Subsidiaries |  | Chilean Pesos |  | Fixed |  | 6.53% |  | April 2025 - June 2026 |  | $ | 187 |  |  | $ | 134 |
Brazilian Subsidiary |  | Brazilian Reais |  | — |  | — |  | — |  | — |  |  | 44 |
Brazilian Subsidiary (1) |  | US Dollar |  | Fixed |  | 5.47% |  | October 2025 - March 2026 |  | 289 |  |  | 211 |
Brazilian Subsidiary (1) |  | Euros |  | Fixed |  | 4.16% |  | September 2025 - November 2026 |  | 201 |  |  | 190 |
Brazilian Subsidiary |  | Brazilian Reais |  | Variable |  | TJLP + 0.80% |  | April 2025 - May 2031 |  | 20 |  |  | 20 |
Mexican Subsidiaries |  | Mexican Pesos |  | Variable |  | TIIE + 1.59% - 3.50% |  | April 2025 - March 2030 |  | 635 |  |  | 512 |
Uruguayan Subsidiary |  | Uruguayan Pesos |  | Fixed |  | 9.28% |  | April - August 2025 |  | 74 |  |  | 52 |
Bank overdrafts |  |  |  |  |  |  |  |  |  |  |  |
Uruguayan Subsidiary |  | Uruguayan Pesos |  | — |  | — |  | — |  | — |  |  | 15 |
Chilean Subsidiary |  | Chilean Pesos |  | — |  | — |  | — |  | — |  |  | 11 |
Secured lines of credit |  |  |  |  |  |  |  |  |  |  |  |
Argentine Subsidiaries |  | Argentine Pesos |  | Fixed |  | 30.15% |  | April 2025 |  | 131 |  |  | 102 |
Mexican Subsidiary |  | Mexican Pesos |  | Fixed |  | 10.91% |  | April 2025 - July 2027 |  | 12 |  |  | 14 |
Financial Bills |  |  |  |  |  |  |  |  |  |  |  |
Brazilian Subsidiary |  | Brazilian Reais |  | Variable |  | CDI + 0.45% - 1.40% |  | April 2025 - March 2028 |  | 482 |  |  | 278 |
Deposit Certificates |  |  |  |  |  |  |  |  |  |  |  |
Brazilian Subsidiary |  | Brazilian Reais |  | Variable |  | CDI + 0.15% - 0.69% |  | April 2025 - January 2026 |  | 376 |  |  | 331 |
Brazilian Subsidiary |  | Brazilian Reais |  | Variable |  | 97.5% to 109.0% of CDI |  | April 2025 - January 2027 |  | 646 |  |  | 703 |
Brazilian Subsidiary |  | Brazilian Reais |  | Fixed |  | 11.46% - 15.22% |  | April - September 2025 |  | 56 |  |  | 36 |
Commercial Notes |  |  |  |  |  |  |  |  |  |  |  |
Brazilian Subsidiary |  | Brazilian Reais |  | Variable |  | DI + 0.88% |  | April 2025 - August 2027 |  | 63 |  |  | 60 |
Brazilian Subsidiary |  | Brazilian Reais |  | Variable |  | IPCA + 6.41% |  | April 2025 - August 2029 |  | 129 |  |  | 115 |
Finance lease liabilities |  |  |  |  |  |  |  |  |  | 115 |  |  | 122 |
Collateralized debt |  |  |  |  |  |  |  |  |  | 2,096 |  |  | 1,842 |
2026 Sustainability Notes |  | US Dollar |  | Fixed |  | 2.375% |  | July 2025 - January 2026 |  | 364 |  |  | 366 |
2031 Notes |  | US Dollar |  | Fixed |  | 3.125% |  | July 2025 - January 2031 |  | 550 |  |  | 554 |
Other lines of credit |  |  |  |  |  |  |  |  |  | 7 |  |  | 3 |
|  |  |  |  |  |  |  |  |  | $ | 6,433 |  |  | $ | 5,715 |
(1) The carrying amount includes the effect of the derivative instruments that qualified for fair value hedge accounting. See Note 15 – Derivative instruments for further detail.

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