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The Copa América is an international association football competition established in 1916. It is contested by the men's national teams of the members of the Confederación Sudamericana de Fútbol (CONMEBOL), the sport's continental governing body. The most recent Copa América, hosted by Chile in 2015, was won by the home team, who beat Argentina 4–2 in the penalty shootout to obtain the title, after a 0–0 draw.
The Copa América final matches are the last of the competition, and the results determine which country's team is declared South American champions. If after 90 minutes of regular play the score is a draw, a penalty shootout takes place. The winning penalty shoot-out team are then declared champions. Every edition from 1916 to 1967 involved a final round-robin group, without the need of a decisive, final match. Ever since the competition was rebranded to its present state, the tournament has been decided by a one-off match on every occasion except 1989 and 1991, when the winner was decided by a final group contested by four teams.
With 15 titles Uruguay is the most successful Copa América team. Argentina has 14 titles and Brazil, eight. The other former champions are Paraguay, Peru and Chile, with two titles each, and Bolivia, and Colombia, who have each won one.