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CASH, CASH EQUIVALENTS, RESTRICTED CASH AND CASH EQUIVALENTS AND INVESTMENTS (Tables) | 9 Months Ended
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Sep. 30, 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:
| September 30, 2025 |  | December 31, 2024
| (In millions)
Cash in bank accounts | $ | 1,320 |  |  | $ | 1,725 |
Money market | 684 |  |  | 572 |
Time deposits | 578 |  |  | 334 |
Foreign government debt securities | — |  |  | 4 |
Total cash and cash equivalents | 2,582 |  |  | 2,635 |
Securitization transactions (1) | 408 |  |  | 492 |
Foreign government debt securities (Central Bank of Brazil mandatory guarantee) | — |  |  | 469 |
Cash in bank accounts (Central Bank of Brazil mandatory guarantee) | 4,964 |  |  | — |
Cash in bank accounts (Argentine Central Bank mandatory guarantee) | 308 |  |  | 471 |
Cash in bank accounts (Mexican National Banking and Securities Commission mandatory guarantee) | 19 |  |  | 149 |
Time deposits (Mexican National Banking and Securities Commission mandatory guarantee) | 591 |  |  | 297 |
Cash in bank accounts (Chilean Commission for the Financial Market mandatory guarantee) | 222 |  |  | 130 |
Time deposits (Chilean Commission for the Financial Market mandatory guarantee) | 35 |  |  | 39 |
Money market (Secured lines of credit guarantee) | — |  |  | 14 |
Time deposits (Central Bank of Uruguay mandatory guarantee) | — |  |  | 3 |
Money market (Central Bank of Uruguay mandatory guarantee) | 1 |  |  | — |
Foreign government debt securities (Central Bank of Uruguay mandatory guarantee) | 4 |  |  | — |
Money market (held for Meli Dólar holders) | 65 |  |  | — |
Total restricted cash and cash equivalents | 6,617 |  |  | 2,064 |
Total cash, cash equivalents, restricted cash and cash equivalents (2) | $ | 9,199 |  |  | $ | 4,699 |
U.S. government debt securities | $ | 1,169 |  |  | $ | 619 |
Foreign government debt securities (3) | 2,165 |  |  | 3,619 |
Time deposits (4) | 316 |  |  | 160 |
Corporate debt securities (5) | 65 |  |  | 87 |
Total short-term investments | $ | 3,715 |  |  | $ | 4,485 |
U.S. government debt securities | $ | 333 |  |  | $ | 468 |
Foreign government debt securities (5) (6) | 695 |  |  | 483 |
Securitization transactions (1) (7) | 8 |  |  | 12 |
Corporate debt securities | 228 |  |  | 175 |
Equity securities held at cost | 72 |  |  | 65 |
Total long-term investments | $ | 1,336 |  |  | $ | 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 September 30, 2025 and December 31, 2024, includes $2,128 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 September 30, 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 September 30, 2025 and December 31, 2024, includes $77 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 that most significantly impact the VIE’s performance and the obligation to absorb losses or the right to receive benefits. As of September 30, 2025 and December 31, 2024, includes $400 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 September 30, 2025 and December 31, 2024, includes $7 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. (7) Corresponds to foreign government debt securities.

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