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Financial risk management (Tables)
 12 Months Ended
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 ClassificationAs of December 31, 2024As of December 31, 2023
S5,894112,545
T13,62613,218
T112,744168
Others7,476-
Total39,740125,931
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 institutionFinancial assetsRatingAs of
December 31,
2024
Moody´sS&PFitchThUS$
Banco SantanderTime depositsP-1A-1F1104,542 
Banco Crédito e InversionesTime depositsP-1A-2F21,003 
Banco EstadoTime depositsP-1A-1F2104,084 
Banco de ChileTime depositsP-1A-1-6,307 
Scotiabank ChileTime deposits--F1+106,564 
Banco Crédito e InversionesInvestment fundAA+--4,997 
JP Morgan US dollar Liquidity Fund InstitutionalInvestment fundAaa-mf--1,974 
Legg Mason - Western Asset Institutional cash reservesInvestment fund--AAAmmf122,337 
Total    451,808 
Banco Crédito e InversionesTime depositsP-1A-2F2174,684 
Banco EstadoTime depositsP-1A-2F290,975 
Banco Santander Time depositsP-1A-1F1415,851 
Banco Itaú CorpBancaTime depositsP-1A-2-66,166 
Scotiabank ChileTime deposits--F1+240,164 
Bank of Nova ScotiaTime depositsP-1A-1F1+51,025 
KBC BankTime deposits-A-2F122,397 
Total    1,061,262 
Financial institutionFinancial assetsRatingAs of
December 31,
2023
Moody´sS&PFitchThUS$
Banco Santander- SantiagoTime depositsP-1 A-2-6,318
Banco Crédito e Inversiones Time depositsP-1 A-2F21,001
CorpbancaTime depositsP-2 A-2-5,014
Banco de Chile Time depositsP-1 A-1-4,460
Scotiabank Sud Americano Time deposits--F1+6,752
Banco Crédito e InversionesTime depositsAA+ --5,031
JP Morgan US dollar Liquidity Fund Institutional Investment fundAaa-mfAAAmAAAmmf22,845
Legg Mason - Western Asset Institutional cash reserves Investment fund-AAAmAAAmmf312,924
Total    364,345
Banco Crédito e InversionesTime depositsP-1A-2 F274,459
Banco Morgan StanleyTime depositsP-1A-2 F15,590
Banco SantanderTime depositsP-1 A-2 -100,083
Banco Itaú CorpBancaTime depositsP-2A-2 -372,061
Scotiabank Sud AmericanoTime deposits--F1+319,128
Bank of Nova ScotiaTime depositsP-1--353,592
Sumitomo Mitsui BankingTime depositsP-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 institutionFinancial assetsRating
Moody´sS&PFitch
MUFGDerivativeP-1-F1
Merrill Lynch InternationalDerivativeP-1A-2F1+
JP MorganDerivativeP-1A-1F1+
Morgan StanleyDerivativeP-1A-2F1
The Bank of Nova ScotiaDerivativeP-1A-1F1+
Banco Itaú-CorpbancaDerivativeP-2A-2-
Banco de ChileDerivativeP-1A-1-
BarclaysDerivativeP-2A-2F1
HSBCDerivativeP-2A-2F1+
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, 2024Carrying
amount		Less than 1 year1 to 5 yearsOver 5 yearsTotal
(figures expressed in millions of US dollars)
Bank borrowings984.80907.0777.4971.891,056.45
Unsecured obligations3,815.34433.761,258.083,355.575,047.41
Sub total4,800.141,340.831,335.573,427.466,103.86
Hedging liabilities28.766.4040.3310.3457.07
Derivative financial instruments0.160.16——0.16
Sub total28.926.5640.3310.3457.23
Current and non-current lease liabilities (1)83.8125.1262.490.6788.28
Trade accounts payable and other accounts payable471.45471.45——471.45
Total5,384.321,843.961,438.393,438.476,720.82


(1) Leases subject to variability are not included.
Nature of undiscounted cash flows
As of December 31, 2023Carrying
amount		Less than 1 year1 to 5 yearsOver 5 yearsTotal
(figures expressed in millions of US dollars)
Bank borrowings1,464.261,117.86268.8062.051,448.71
Unsecured obligations2,999.1798.88729.562,733.923,562.36
Sub total4,463.431,216.74998.362,795.975,011.07
Hedging liabilities25.3724.1130.081.3055.49
Derivative financial instruments14.8114.81——14.81
Sub total40.1838.9230.081.3070.30
Current and non-current lease liabilities75.1619.9456.453.7980.18
Trade accounts payable and other accounts payable449.63449.63——449.63
Total5,028.401,725.231,084.892,801.065,611.18