XML 61 R49.htm IDEA: XBRL DOCUMENT v3.25.2
SEGMENTS - Summary of Financial Performance of Company's Reporting Segments (Details) - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Segment Reporting Information [Line Items]        
Net revenues and financial income $ 6,790 $ 5,073 $ 12,725 $ 9,406
Operating expenses and indirect costs of net revenues and financial expenses (673) (551) (1,362) (1,053)
Income from operations 825 726 1,588 1,254
Other income (expenses):        
Interest income and other financial gains 44 39 81 64
Interest expense and other financial losses (36) (39) (75) (77)
Foreign currency losses, net (117) (58) (172) (92)
Net income before income tax expense 716 668 1,422 1,149
Service        
Segment Reporting Information [Line Items]        
Net revenues and financial income 5,964 4,592 11,284 8,547
Product        
Segment Reporting Information [Line Items]        
Net revenues and financial income 826 481 1,441 859
Operating Segments        
Segment Reporting Information [Line Items]        
Net revenues and financial income 6,790 5,073 12,725 9,406
Local operating expenses (5,104) (3,654) (9,428) (6,813)
Depreciation and amortization (188) (142) (347) (286)
Total segment costs (5,292) (3,796) (9,775) (7,099)
Direct contribution 1,498 1,277 2,950 2,307
Operating Segments | Service        
Segment Reporting Information [Line Items]        
Net revenues and financial income 5,964 4,592 11,284 8,547
Operating Segments | Product        
Segment Reporting Information [Line Items]        
Net revenues and financial income 826 481 1,441 859
Brazil | Operating Segments        
Segment Reporting Information [Line Items]        
Net revenues and financial income 3,473 2,786 6,555 5,357
Local operating expenses (2,834) (2,039) (5,291) (3,976)
Depreciation and amortization (98) (71) (181) (144)
Total segment costs (2,932) (2,110) (5,472) (4,120)
Direct contribution 541 676 1,083 1,237
Brazil | Operating Segments | Service        
Segment Reporting Information [Line Items]        
Net revenues and financial income 2,959 2,489 5,632 4,805
Brazil | Operating Segments | Product        
Segment Reporting Information [Line Items]        
Net revenues and financial income 514 297 923 552
Mexico | Operating Segments        
Segment Reporting Information [Line Items]        
Net revenues and financial income 1,506 1,201 2,728 2,172
Local operating expenses (1,178) (964) (2,138) (1,667)
Depreciation and amortization (60) (43) (105) (87)
Total segment costs (1,238) (1,007) (2,243) (1,754)
Direct contribution 268 194 485 418
Mexico | Operating Segments | Service        
Segment Reporting Information [Line Items]        
Net revenues and financial income 1,311 1,084 2,418 1,970
Mexico | Operating Segments | Product        
Segment Reporting Information [Line Items]        
Net revenues and financial income 195 117 310 202
Argentina | Operating Segments        
Segment Reporting Information [Line Items]        
Net revenues and financial income 1,527 863 2,909 1,478
Local operating expenses (847) (464) (1,561) (838)
Depreciation and amortization (19) (18) (39) (35)
Total segment costs (866) (482) (1,600) (873)
Direct contribution 661 381 1,309 605
Argentina | Operating Segments | Service        
Segment Reporting Information [Line Items]        
Net revenues and financial income 1,446 816 2,759 1,406
Argentina | Operating Segments | Product        
Segment Reporting Information [Line Items]        
Net revenues and financial income 81 47 150 72
Other Countries | Operating Segments        
Segment Reporting Information [Line Items]        
Net revenues and financial income 284 223 533 399
Local operating expenses (245) (187) (438) (332)
Depreciation and amortization (11) (10) (22) (20)
Total segment costs (256) (197) (460) (352)
Direct contribution 28 26 73 47
Other Countries | Operating Segments | Service        
Segment Reporting Information [Line Items]        
Net revenues and financial income 248 203 475 366
Other Countries | Operating Segments | Product        
Segment Reporting Information [Line Items]        
Net revenues and financial income $ 36 $ 20 $ 58 $ 33