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LOANS PAYABLE AND OTHER FINANCIAL LIABILITIES (Tables)
 3 Months Ended
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, 2025December 31, 2024
(In millions)
Loans from banks$1,045 $946 
Bank overdrafts— 26 
Secured lines of credit138 110 
Financial Bills27 7 
Deposit Certificates1,076 1,068 
Commercial Notes6 5 
Finance lease liabilities
39 41 
Collateralized debt864 610 
2026 Sustainability Notes364 4 
2031 Notes4 8 
Other lines of credit6 3 
Current loans payable and other financial liabilities$3,569 $2,828 
Loans from banks$361 $217 
Secured lines of credit5 6 
Financial Bills455 271 
Deposit Certificates2 2 
Commercial Notes186 170 
Finance lease liabilities76 81 
Collateralized debt1,232 1,232 
2026 Sustainability Notes— 362 
2031 Notes546 546 
Other lines of credit1 — 
Non-Current loans payable and other financial liabilities$2,864 $2,887 
Type of instrumentCurrencyInterestWeighted Average Interest Rate MaturityMarch 31, 2025December 31, 2024





 (In millions)
Loans from banks
Chilean SubsidiariesChilean PesosFixed6.53%April 2025 - June 2026$187 $134 
Brazilian SubsidiaryBrazilian Reais———— 44 
Brazilian Subsidiary (1)
US DollarFixed5.47%October 2025 - March 2026289 211 
Brazilian Subsidiary (1)
EurosFixed4.16%September 2025 - November 2026201 190 
Brazilian SubsidiaryBrazilian ReaisVariable
TJLP + 0.80%
April 2025 - May 203120 20 
Mexican SubsidiariesMexican PesosVariable
TIIE + 1.59% - 3.50%
April 2025 - March 2030635 512 
Uruguayan SubsidiaryUruguayan PesosFixed9.28%April - August 202574 52 
Bank overdrafts
Uruguayan SubsidiaryUruguayan Pesos———— 15 
Chilean SubsidiaryChilean Pesos———— 11 
Secured lines of credit
Argentine SubsidiariesArgentine PesosFixed30.15%April 2025131 102 
Mexican SubsidiaryMexican PesosFixed10.91%April 2025 - July 202712 14 
Financial Bills
Brazilian SubsidiaryBrazilian ReaisVariable
CDI + 0.45% - 1.40%
April 2025 - March 2028482 278 
Deposit Certificates
Brazilian SubsidiaryBrazilian ReaisVariable
CDI + 0.15% - 0.69%
April 2025 - January 2026376 331 
Brazilian SubsidiaryBrazilian ReaisVariable
97.5% to 109.0% of CDI
April 2025 - January 2027646 703 
Brazilian SubsidiaryBrazilian ReaisFixed
11.46% - 15.22%
April - September 202556 36 
Commercial Notes
Brazilian SubsidiaryBrazilian ReaisVariable
DI + 0.88%
April 2025 - August 202763 60 
Brazilian SubsidiaryBrazilian ReaisVariable
IPCA + 6.41%
April 2025 - August 2029129 115 
Finance lease liabilities115 122 
Collateralized debt2,096 1,842 
2026 Sustainability NotesUS DollarFixed2.375%July 2025 - January 2026364 366 
2031 NotesUS DollarFixed3.125%July 2025 - January 2031550 554 
Other lines of credit7 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.