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CASH, CASH EQUIVALENTS, RESTRICTED CASH AND CASH EQUIVALENTS AND INVESTMENTS | 6 Months Ended
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Jun. 30, 2025
Cash and Cash Equivalents [Abstract] |
CASH, CASH EQUIVALENTS, RESTRICTED CASH AND CASH EQUIVALENTS AND INVESTMENTS | 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:
| June 30, 2025 |  | December 31, 2024
| (In millions)
Cash in bank accounts | $ | 1,205 |  |  | $ | 1,725 |
Money market | 947 |  |  | 572 |
Time deposits | 851 |  |  | 334 |
Foreign government debt securities | 5 |  |  | 4 |
Total cash and cash equivalents | 3,008 |  |  | 2,635 |
Securitization transactions (1) | 371 |  |  | 492 |
Foreign government debt securities (Central Bank of Brazil mandatory guarantee) | — |  |  | 469 |
Cash in bank accounts (Central Bank of Brazil mandatory guarantee) | 2,253 |  |  | — |
Cash in bank accounts (Argentine Central Bank mandatory guarantee) | 427 |  |  | 471 |
Cash in bank accounts (Mexican National Banking and Securities Commission mandatory guarantee) | 79 |  |  | 149 |
Time deposits (Mexican National Banking and Securities Commission mandatory guarantee) | 530 |  |  | 297 |
Cash in bank accounts (Chilean Commission for the Financial Market mandatory guarantee) | 175 |  |  | 130 |
Time deposits (Chilean Commission for the Financial Market mandatory guarantee) | 39 |  |  | 39 |
Money market (Secured lines of credit guarantee) | — |  |  | 14 |
Time deposits (Central Bank of Uruguay mandatory guarantee) | — |  |  | 3 |
Foreign government debt securities (Central Bank of Uruguay mandatory guarantee) | 6 |  |  | — |
Total restricted cash and cash equivalents | 3,880 |  |  | 2,064 |
Total cash, cash equivalents, restricted cash and cash equivalents (2) | $ | 6,888 |  |  | $ | 4,699 |
U.S. government debt securities | $ | 780 |  |  | $ | 619 |
Foreign government debt securities (3) | 3,625 |  |  | 3,619 |
Time deposits (4) | 153 |  |  | 160 |
Corporate debt securities (5) | 76 |  |  | 87 |
Total short-term investments | $ | 4,634 |  |  | $ | 4,485 |
U.S. government debt securities | $ | 479 |  |  | $ | 468 |
Foreign government debt securities (5) (6) | 625 |  |  | 483 |
Securitization transactions (1) | 12 |  |  | 12 |
Corporate debt securities | 205 |  |  | 175 |
Equity securities held at cost | 67 |  |  | 65 |
Total long-term investments | $ | 1,388 |  |  | $ | 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 June 30, 2025 and December 31, 2024, includes $3,581 million and $3,370 million, respectively, considered restricted due to the Central Bank of Brazil's mandatory guarantee. Also, December 31, 2024, includes $5 million considered restricted, that guarantees a line of credit. As of June 30, 2025 and December 31, 2024, includes $13 million and $17 million, respectively, considered restricted due to the Central Bank of Uruguay’s mandatory guarantee. (4) As of June 30, 2025 and December 31, 2024, includes $75 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 June 30, 2025 and December 31, 2024, includes $348 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 June 30, 2025 and December 31, 2024, includes $5 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.

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- Definition The entire disclosure for cash and cash equivalent footnotes, which may include the types of deposits and money market instruments, applicable carrying amounts, restricted amounts and compensating balance arrangements. Cash and equivalents include: (1) currency on hand (2) demand deposits with banks or financial institutions (3) other kinds of accounts that have the general characteristics of demand deposits (4) short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Generally, only investments maturing within three months from the date of acquisition qualify. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 210 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(1)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 944 -SubTopic 210 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.7-03(a)(2)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147478777/944-210-S99-1 + Details
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