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DERIVATIVE FINANCIAL INSTRUMENTS (Tables)
 12 Months Ended
Dec. 31, 2022
Disclosure of detailed information about financial instruments [abstract]  
Disclosure of detailed information about hedging instruments
The net fair values of derivative financial instruments at December 31, 2022 and 2021 were as follows:
As of December 31,
20222021
Contracts with positive fair value
Foreign exchange contracts227 4,353 
227 4,353 
Contracts with negative fair value
Interest rate swap contracts(1)(163)
Commodity contracts(504)— 
Foreign exchange contracts— (1,726)
(505)(1,889)
Changes in fair value of derivative instruments designated as cash flow hedges for each of the years presented are included below:
Cash flow hedges
Gross amountIncome taxTotal
At December 31, 2020(338)103 (235)
(Decrease) / Increase— — — 
Reclassification to income statement278 (83)195 
At December 31, 2021(60)20 (40)
(Decrease) / Increase1 (1)— 
Reclassification to income statement59 (19)40 
At December 31, 2022— — — 
The net fair values of the exchange rate derivative contracts as of December 31, 2022 and 2021 were as follows:
Fair value at December 31,
CurrenciesContractNotional amount20222021
EUR/$Forward - Buy EUR
26.8 million EUR
258 245 
COP/$ND Forward - Sell COP
441.8 billion COP
227 4,038 
MXN/$ND Forward - Sell MXN
2.4 billion MXN
(258)— 
EUR/$Forward - Sell EUR
3.0 million EUR
— 70 
ARS/$ND Forward - Buy ARS
10.9 billion ARS
— (1,726)
227 2,627 
COP: Colombian pesos; EUR: Euros; $: U.S. dollars; ARS: Argentine pesos; MXN: Mexican pesos.