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LOANS PAYABLE AND OTHER FINANCIAL LIABILITIES (Tables)
 6 Months Ended
Jun. 30, 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 June 30, 2025 and December 31, 2024:
June 30, 2025December 31, 2024
(In millions)
Loans from banks$996 $946 
Bank overdrafts8 26 
Secured lines of credit152 110 
Financial Bills97 7 
Deposit Certificates1,415 1,068 
Commercial Notes10 5 
Finance lease liabilities
42 41 
Collateralized debt707 610 
2026 Sustainability Notes367 4 
2031 Notes8 8 
Other lines of credit16 3 
Current loans payable and other financial liabilities$3,818 $2,828 
Loans from banks$373 $217 
Secured lines of credit4 6 
Financial Bills431 271 
Deposit Certificates4 2 
Commercial Notes198 170 
Finance lease liabilities72 81 
Collateralized debt1,868 1,232 
2026 Sustainability Notes— 362 
2031 Notes533 546 
Other lines of credit1 — 
Non-Current loans payable and other financial liabilities$3,484 $2,887 
Type of instrumentCurrencyInterestWeighted Average Interest Rate MaturityJune 30, 2025December 31, 2024





 (In millions)
Loans from banks
Chilean SubsidiariesChilean PesosFixed6.33%July 2025 - June 2026$189 $134 
Brazilian SubsidiaryBrazilian Reais———— 44 
Brazilian Subsidiary (1)
US DollarFixed5.47%October 2025 - March 2026293 211 
Brazilian Subsidiary (1)
EurosFixed4.16%September 2025 - November 2026222 190 
Brazilian SubsidiaryBrazilian ReaisVariable
TJLP + 0.80%
July 2025 - May 203121 20 
Mexican SubsidiariesMexican PesosVariable
TIIE + 1.85% - 3.50%
July 2025 - March 2030565 512 
Uruguayan SubsidiaryUruguayan PesosFixed9.30%July - November 202579 52 
Bank overdrafts
Uruguayan SubsidiaryUruguayan PesosFixed10.41%July 20258 15 
Chilean SubsidiaryChilean Pesos———— 11 
Secured lines of credit
Argentine SubsidiariesArgentine PesosFixed33.63%July 2025144 102 
Mexican SubsidiaryMexican PesosFixed11.00%July 2025 - July 202712 14 
Financial Bills
Brazilian SubsidiaryBrazilian ReaisVariable
CDI + 0.45% - 1.40%
July 2025 - April 2028528 278 
Deposit Certificates
Brazilian SubsidiaryBrazilian ReaisVariable
CDI + 0.13% - 0.65%
July 2025 - January 2026549 331 
Brazilian SubsidiaryBrazilian ReaisVariable
95.5% to 120.1% of CDI
July 2025 - June 2027819 703 
Brazilian SubsidiaryBrazilian ReaisFixed
13.92% - 15.73%
July - December 202551 36 
Commercial Notes
Brazilian SubsidiaryBrazilian ReaisVariable
DI + 0.88%
July 2025 - August 202769 60 
Brazilian SubsidiaryBrazilian ReaisVariable
IPCA + 6.41%
July 2025 - August 2029139 115 
Finance lease liabilities114 122 
Collateralized debt2,575 1,842 
2026 Sustainability NotesUS DollarFixed2.375%July 2025 - January 2026367 366 
2031 NotesUS DollarFixed3.125%July 2025 - January 2031541 554 
Other lines of credit17 3 
$7,302 $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.