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Financial risk management (Tables) | 12 Months Ended
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Dec. 31, 2024
Disclosure of nature and extent of risks arising from financial instruments [abstract] |
Schedule of bank promissory notes | The classification used for bank promissory notes is as follows: –S: Large Banks –T: Small-to-medium-sized banks –T1: Financial services companies –Others
ICBC Classification |  | As of December 31, 2024 |  | As of December 31, 2023
S |  | 5,894 |  | 112,545
T |  | 13,626 |  | 13,218
T1 |  | 12,744 |  | 168
Others |  | 7,476 |  | -
Total |  | 39,740 |  | 125,931
Schedule of credit quality of financial assets | The credit quality of financial assets that are not past due or impaired can be evaluated by reference to external credit ratings (if they are available) or historical information on counterparty late payment rates:
Financial institution |  | Financial assets |  | Rating |  | As of December 31, 2024
|  |  |  | Moody´s |  | S&P |  | Fitch |  | ThUS$
Banco Santander |  | Time deposits |  | P-1 |  | A-1 |  | F1 |  | 104,542 |
Banco Crédito e Inversiones |  | Time deposits |  | P-1 |  | A-2 |  | F2 |  | 1,003 |
Banco Estado |  | Time deposits |  | P-1 |  | A-1 |  | F2 |  | 104,084 |
Banco de Chile |  | Time deposits |  | P-1 |  | A-1 |  | - |  | 6,307 |
Scotiabank Chile |  | Time deposits |  | - |  | - |  | F1+ |  | 106,564 |
Banco Crédito e Inversiones |  | Investment fund |  | AA+ |  | - |  | - |  | 4,997 |
JP Morgan US dollar Liquidity Fund Institutional |  | Investment fund |  | Aaa-mf |  | - |  | - |  | 1,974 |
Legg Mason - Western Asset Institutional cash reserves |  | Investment fund |  | - |  | - |  | AAAmmf |  | 122,337 |
Total |  |  |  |  |  |  |  |  |  | 451,808 |
Banco Crédito e Inversiones |  | Time deposits |  | P-1 |  | A-2 |  | F2 |  | 174,684 |
Banco Estado |  | Time deposits |  | P-1 |  | A-2 |  | F2 |  | 90,975 |
Banco Santander |  | Time deposits |  | P-1 |  | A-1 |  | F1 |  | 415,851 |
Banco Itaú CorpBanca |  | Time deposits |  | P-1 |  | A-2 |  | - |  | 66,166 |
Scotiabank Chile |  | Time deposits |  | - |  | - |  | F1+ |  | 240,164 |
Bank of Nova Scotia |  | Time deposits |  | P-1 |  | A-1 |  | F1+ |  | 51,025 |
KBC Bank |  | Time deposits |  | - |  | A-2 |  | F1 |  | 22,397 |
Total |  |  |  |  |  |  |  |  |  | 1,061,262 |
Financial institution |  | Financial assets |  | Rating |  | As of December 31, 2023
|  |  |  | Moody´s |  | S&P |  | Fitch |  | ThUS$
Banco Santander- Santiago |  | Time deposits |  | P-1 |  | A-2 |  | - |  | 6,318
Banco Crédito e Inversiones |  | Time deposits |  | P-1 |  | A-2 |  | F2 |  | 1,001
Corpbanca |  | Time deposits |  | P-2 |  | A-2 |  | - |  | 5,014
Banco de Chile |  | Time deposits |  | P-1 |  | A-1 |  | - |  | 4,460
Scotiabank Sud Americano |  | Time deposits |  | - |  | - |  | F1+ |  | 6,752
Banco Crédito e Inversiones |  | Time deposits |  | AA+ |  | - |  | - |  | 5,031
JP Morgan US dollar Liquidity Fund Institutional |  | Investment fund |  | Aaa-mf |  | AAAm |  | AAAmmf |  | 22,845
Legg Mason - Western Asset Institutional cash reserves |  | Investment fund |  | - |  | AAAm |  | AAAmmf |  | 312,924
Total |  |  |  |  |  |  |  |  |  | 364,345
Banco Crédito e Inversiones |  | Time deposits |  | P-1 |  | A-2 |  | F2 |  | 74,459
Banco Morgan Stanley |  | Time deposits |  | P-1 |  | A-2 |  | F1 |  | 5,590
Banco Santander |  | Time deposits |  | P-1 |  | A-2 |  | - |  | 100,083
Banco Itaú CorpBanca |  | Time deposits |  | P-2 |  | A-2 |  | - |  | 372,061
Scotiabank Sud Americano |  | Time deposits |  | - |  | - |  | F1+ |  | 319,128
Bank of Nova Scotia |  | Time deposits |  | P-1 |  | - |  | - |  | 353,592
Sumitomo Mitsui Banking |  | Time deposits |  | P-1 |  | - |  | F1 |  | 91,884
Total |  |  |  |  |  |  |  |  |  | 1,316,797
Schedule of derivative contracts | These derivative contracts are held with domestic and foreign banks, which have the following credit ratings as of December 31, 2024.
Financial institution |  | Financial assets |  | Rating
|  |  |  | Moody´s |  | S&P |  | Fitch
MUFG |  | Derivative |  | P-1 |  | - |  | F1
Merrill Lynch International |  | Derivative |  | P-1 |  | A-2 |  | F1+
JP Morgan |  | Derivative |  | P-1 |  | A-1 |  | F1+
Morgan Stanley |  | Derivative |  | P-1 |  | A-2 |  | F1
The Bank of Nova Scotia |  | Derivative |  | P-1 |  | A-1 |  | F1+
Banco Itaú-Corpbanca |  | Derivative |  | P-2 |  | A-2 |  | -
Banco de Chile |  | Derivative |  | P-1 |  | A-1 |  | -
Barclays |  | Derivative |  | P-2 |  | A-2 |  | F1
HSBC |  | Derivative |  | P-2 |  | A-2 |  | F1+
Schedule of cash and cash equivalents | Cash and cash equivalents are invested in highly liquid mutual funds with an AAA risk rating.
|  | Nature of undiscounted cash flows
As of December 31, 2024 |  | Carrying amount |  | Less than 1 year |  | 1 to 5 years |  | Over 5 years |  | Total
(figures expressed in millions of US dollars) |  |  |  |  |
Bank borrowings |  | 984.80 |  | 907.07 |  | 77.49 |  | 71.89 |  | 1,056.45
Unsecured obligations |  | 3,815.34 |  | 433.76 |  | 1,258.08 |  | 3,355.57 |  | 5,047.41
Sub total |  | 4,800.14 |  | 1,340.83 |  | 1,335.57 |  | 3,427.46 |  | 6,103.86
Hedging liabilities |  | 28.76 |  | 6.40 |  | 40.33 |  | 10.34 |  | 57.07
Derivative financial instruments |  | 0.16 |  | 0.16 |  | — |  | — |  | 0.16
Sub total |  | 28.92 |  | 6.56 |  | 40.33 |  | 10.34 |  | 57.23
Current and non-current lease liabilities (1) |  | 83.81 |  | 25.12 |  | 62.49 |  | 0.67 |  | 88.28
Trade accounts payable and other accounts payable |  | 471.45 |  | 471.45 |  | — |  | — |  | 471.45
Total |  | 5,384.32 |  | 1,843.96 |  | 1,438.39 |  | 3,438.47 |  | 6,720.82
(1) Leases subject to variability are not included.
|  | Nature of undiscounted cash flows
As of December 31, 2023 |  | Carrying amount |  | Less than 1 year |  | 1 to 5 years |  | Over 5 years |  | Total
(figures expressed in millions of US dollars) |  |  |  |  |
Bank borrowings |  | 1,464.26 |  | 1,117.86 |  | 268.80 |  | 62.05 |  | 1,448.71
Unsecured obligations |  | 2,999.17 |  | 98.88 |  | 729.56 |  | 2,733.92 |  | 3,562.36
Sub total |  | 4,463.43 |  | 1,216.74 |  | 998.36 |  | 2,795.97 |  | 5,011.07
Hedging liabilities |  | 25.37 |  | 24.11 |  | 30.08 |  | 1.30 |  | 55.49
Derivative financial instruments |  | 14.81 |  | 14.81 |  | — |  | — |  | 14.81
Sub total |  | 40.18 |  | 38.92 |  | 30.08 |  | 1.30 |  | 70.30
Current and non-current lease liabilities |  | 75.16 |  | 19.94 |  | 56.45 |  | 3.79 |  | 80.18
Trade accounts payable and other accounts payable |  | 449.63 |  | 449.63 |  | — |  | — |  | 449.63
Total |  | 5,028.40 |  | 1,725.23 |  | 1,084.89 |  | 2,801.06 |  | 5,611.18

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