XML 45 R32.htm IDEA: XBRL DOCUMENT v3.25.3
LOANS PAYABLE AND OTHER FINANCIAL LIABILITIES (Tables)
 9 Months Ended
Sep. 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 September 30, 2025 and December 31, 2024:
September 30, 2025December 31, 2024
(In millions)
Loans from banks$729 $946 
Bank overdrafts26 26 
Secured lines of credit156 110 
Financial Bills210 7 
Deposit Certificates1,542 1,068 
Commercial Notes2 5 
Finance lease liabilities
42 41 
Collateralized debt1,311 610 
2026 Sustainability Notes365 4 
2031 Notes4 8 
Debt securities
41 — 
Other lines of credit3 3 
Current loans payable and other financial liabilities$4,431 $2,828 
Loans from banks$770 $217 
Secured lines of credit2 6 
Financial Bills378 271 
Deposit Certificates2 2 
Commercial Notes204 170 
Finance lease liabilities70 81 
Collateralized debt1,449 1,232 
2026 Sustainability Notes— 362 
2031 Notes533 546 
Other lines of credit1 — 
Non-Current loans payable and other financial liabilities$3,409 $2,887 
Type of instrumentCurrencyInterestWeighted Average Interest Rate MaturitySeptember 30, 2025December 31, 2024





 (In millions)
Loans from banks
Chilean SubsidiariesChilean PesosFixed5.96%October 2025 - September 2026$179 $134 
Brazilian SubsidiaryBrazilian Reais———— 44 
Brazilian Subsidiary (1)
US DollarFixed5.30%October 2025 - October 2026449 211 
Brazilian Subsidiary (1)
EurosFixed3.99%November 2025 - November 202683 190 
Brazilian SubsidiaryBrazilian ReaisVariable
TJLP + 0.80%
October 2025 - May 203121 20 
Mexican SubsidiariesMexican PesosVariable
TIIE + 1.80% - 2.60%
October 2025 - March 2030678 512 
Uruguayan SubsidiaryUruguayan PesosFixed8.74%October - November 202589 52 
Bank overdrafts
Uruguayan SubsidiaryUruguayan PesosFixed9.19%October 202526 15 
Chilean SubsidiaryChilean Pesos———— 11 
Secured lines of credit
Argentine Subsidiaries (2)
Argentine PesosFixed52.49%October 2025148 102 
Mexican SubsidiaryMexican PesosFixed11.08%October 2025 - July 202710 14 
Financial Bills
Brazilian SubsidiaryBrazilian ReaisVariable
CDI + 0.45% - 0.95%
March 2026 - April 2028588 278 
Deposit Certificates
Brazilian SubsidiaryBrazilian ReaisVariable
CDI + 0.19% - 0.55%
October 2025 - September 2026900 331 
Brazilian SubsidiaryBrazilian ReaisVariable
95.5% to 130.0% of CDI
October 2025 - June 2027612 703 
Brazilian SubsidiaryBrazilian ReaisFixed
14.34% - 15.36%
October 2025 - March 202632 36 
Commercial Notes
Brazilian SubsidiaryBrazilian ReaisVariable
DI + 0.88%
October 2025 - August 202769 60 
Brazilian SubsidiaryBrazilian ReaisVariable
IPCA + 6.41%
October 2025 - August 2029137 115 
Finance lease liabilities112 122 
Collateralized debt2,760 1,842 
2026 Sustainability NotesUS DollarFixed2.375% January 2026365 366 
2031 NotesUS DollarFixed3.125%January 2026 - January 2031537 554 
Debt securitiesArgentine PesosVariable
TAMAR + 2.85%
October 2025 - July 202641 — 
Other lines of credit4 3 
$7,840 $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.
(2) As of September 30, 2025, includes $9 million secured by a compensating balance agreement signed by MercadoLibre S.R.L.