XML 40 R27.htm IDEA: XBRL DOCUMENT
v3.25.1

CASH, CASH EQUIVALENTS, RESTRICTED CASH AND CASH EQUIVALENTS AND INVESTMENTS (Tables) | 3 Months Ended
--- | ---
Mar. 31, 2025
Cash and Cash Equivalents [Abstract] |
Components of Cash, Cash Equivalents, Restricted Cash and Cash Equivalents and Investments | The composition of cash, cash equivalents, restricted cash and cash equivalents, short-term and long-term investments is as follows:
| March 31, 2025 |  | December 31, 2024
| (In millions)
Cash in bank accounts | $ | 1,752 |  |  | $ | 1,725 |
Money market | 675 |  |  | 572 |
Time deposits | 527 |  |  | 334 |
U.S. government debt securities | 23 |  |  | — |
Foreign government debt securities | — |  |  | 4 |
Total cash and cash equivalents | 2,977 |  |  | 2,635 |
Securitization transactions (1) | 410 |  |  | 492 |
Foreign government debt securities (Central Bank of Brazil mandatory guarantee) | — |  |  | 469 |
Cash in bank accounts (Argentine Central Bank regulation) | 431 |  |  | 471 |
Cash in bank accounts (Mexican National Banking and Securities Commission regulation) | 120 |  |  | 149 |
Time deposits (Mexican National Banking and Securities Commission regulation) | 333 |  |  | 297 |
Cash in bank accounts (Chilean Commission for the Financial Market regulation) | 161 |  |  | 130 |
Time deposits (Chilean Commission for the Financial Market regulation) | 38 |  |  | 39 |
Money market (Secured lines of credit guarantee) | 21 |  |  | 14 |
Time deposits (Central Bank of Uruguay mandatory guarantee) | — |  |  | 3 |
Money market (Central Bank of Uruguay mandatory guarantee) | 2 |  |  | — |
Foreign government debt securities (Central Bank of Uruguay mandatory guarantee) | 5 |  |  | — |
Total restricted cash and cash equivalents | 1,521 |  |  | 2,064 |
Total cash, cash equivalents, restricted cash and cash equivalents (2) | $ | 4,498 |  |  | $ | 4,699 |
U.S. government debt securities | $ | 542 |  |  | $ | 619 |
Foreign government debt securities (3) | 4,331 |  |  | 3,619 |
Time deposits (4) | 126 |  |  | 160 |
Corporate debt securities (5) | 83 |  |  | 87 |
Total short-term investments | $ | 5,082 |  |  | $ | 4,485 |
U.S. government debt securities | $ | 533 |  |  | $ | 468 |
Foreign government debt securities (5) (6) | 529 |  |  | 483 |
Securitization transactions (1) | 11 |  |  | 12 |
Corporate debt securities | 182 |  |  | 175 |
Equity securities held at cost | 66 |  |  | 65 |
Total long-term investments | $ | 1,321 |  |  | $ | 1,203 |
(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 interim condensed consolidated statements of cash flows. (3) As of March 31, 2025 and December 31, 2024, includes $4,250 million and $3,370 million, respectively, considered restricted due to the Central Bank of Brazil’s mandatory guarantee. Also, as of March 31, 2025 and December 31, 2024, includes $5 million considered restricted, that guarantees a line of credit. As of March 31, 2025 and December 31, 2024, includes $14 million and $17 million, respectively, considered restricted due to the Central Bank of Uruguay’s mandatory guarantee. (4) As of March 31, 2025 and December 31, 2024, includes $72 million and $42 million, respectively, of collateral as part of credit card scheme arrangement rules in Brazil, and is considered restricted. (5) Includes investments held by a consolidated VIE, in which the Company has determined that it has both the power to direct the activities of the entity that most significantly impact the entity’s performance and the obligation to absorb losses or the right to receive benefits of the entity. As of March 31, 2025 and December 31, 2024, includes $409 million and $337 million, of foreign government debt securities, respectively. Also, as of December 31, 2024, includes $1 million of corporate debt securities. (6) As of March 31, 2025 and December 31, 2024, includes $4 million and $2 million, respectively, of foreign government debt securities considered restricted due to the Brazilian stock market's mandatory guarantee to operate with futures contracts.

X
- References No definition available. + Details
Name: | us-gaap_CashAndCashEquivalentsAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the components of cash, cash equivalents, and investments. + References No definition available. + Details
Name: | us-gaap_ScheduleOfCashCashEquivalentsAndShortTermInvestmentsTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration