XML 119 R46.htm IDEA: XBRL DOCUMENT v3.21.1
Employee Benefits (Tables)
 12 Months Ended
Dec. 31, 2020
Text block [abstract]  
Analysis of the Net Liability and Net Period Cost for Employee Benefit
An analysis of the net liability and net period cost for employee benefits is as follows:
 
 
  
At December 31,
 
 
  
2019
 
  
2020
 
Mexico
  
Ps.
116,537,660
 
  
Ps.
129,260,355
 
Puerto Rico
  
 
13,228,592
 
  
 
14,924,874
 
Brazil
  
 
9,503,738
 
  
 
8,913,548
 
Europe
  
 
12,827,318
 
  
 
14,392,445
 
Ecuador
  
 
409,750
 
  
 
488,161
 
El Salvador
  
 
 
 
  
 
154,422
 
Nicaragua
  
 
 
 
  
 
61,337
 
Honduras
  
 
 
 
  
 
35,060
 
 
  
 
 
 
  
 
 
 
Total
  
Ps.
152,507,058
 
  
Ps.
168,230,202
 
 
  
 
 
 
  
 
 
 
 
 
  
For the year ended December 31
 
 
  
2018
 
  
2019
 
  
2020
 
Mexico
  
Ps.
12,046,208
 
  
Ps.
12,788,464
 
  
Ps.
14,911,208
 
Puerto Rico
  
 
686,067
 
  
 
747,755
 
  
 
664,046
 
Brazil
  
 
579,432
 
  
 
511,964
 
  
 
722,412
 
Europe
  
 
619,039
 
  
 
2,526,957
 
  
 
1,701,424
 
Ecuador
  
 
58,354
 
  
 
34,425
 
  
 
67,402
 
El Salvador
  
 
 
 
  
 
 
 
  
 
15,751
 
Nicaragua
  
 
 
 
  
 
 
 
  
 
3,711
 
 
  
 
 
 
  
 
 
 
  
 
 
 
 
  
 
13,989,100
 
  
Ps.
16,609,565
 
  
Ps.
18,085,954
 
 
  
 
 
 
  
 
 
 
  
 
 
Summary of Defined Benefit Obligation (DBO) and Plan Assets for the Pension and Other Benefit Obligation Plans
The defined benefit obligation (DBO) and plan assets for the pension and other benefit obligation plans, by country, are as follows:
 
 
 
At December 31
 
 
 
2019
 
 
2020
 
 
 
DBO
 
 
Plan Assets
 
 
Effect of
asset celling
 
 
Net employee
benefit liability
 
 
DBO
 
 
Plan Assets
 
 
Effect of
asset celling
 
 
Net employee
benefit
liability
 
Mexico
 
Ps.
280,602,176
 
 
Ps.
(164,910,346
) 
 
Ps.
 
 
 
Ps.
115,691,830
 
 
Ps.
278,434,302
 
 
Ps.
(150,090,481
) 
 
Ps.
 
 
 
Ps.
128,343,821
 
Puerto Rico
 
 
35,803,893
 
 
 
(22,575,301
) 
 
   
 
 
13,228,592
 
 
 
40,240,193
 
 
 
(25,315,319
) 
 
   
 
 
14,924,874
 
Brazil
 
 
21,412,097
 
 
 
(18,815,174
) 
 
 
4,428,021
 
 
 
7,024,944
 
 
 
18,568,932
 
 
 
(16,143,783
) 
 
 
3,393,640
 
 
 
5,818,789
 
Europe
 
 
4,538,543
 
 
   
 
   
 
 
4,538,543
 
 
 
5,490,873
 
 
   
 
   
 
 
5,490,873
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Total
 
Ps.
342,356,709
 
 
Ps.
(206,300,821
) 
 
Ps.
4,428,021
 
 
Ps.
140,483,909
 
 
Ps.
342,734,300
 
 
Ps.
(191,549,583
) 
 
Ps.
3,393,640
 
 
Ps.
154,578,357
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Summary of the Actuarial Results Generated for the Pension and Retirement Plans as well as the Medical Services
 
  
At December 31, 2018
 
 
  
DBO
 
 
Plan Assets
 
 
Effect of asset
celling
 
 
Net employee
benefit liability
 
Balance at the beginning of the year
  
Ps.
329,113,625
 
 
Ps.
(227,688,604
) 
 
Ps.
6,519,560
 
 
Ps.
107,944,581
 
Current service cost
  
 
3,322,813
 
 
   
 
   
 
 
3,322,813
 
Interest cost on projected benefit obligation
  
 
30,185,257
 
 
   
 
   
 
 
30,185,257
 
Expected return on plan assets
  
   
 
 
(20,804,104
) 
 
   
 
 
(20,804,104
) 
Changes in the asset ceiling during the period and others
  
   
 
   
 
 
587,373
 
 
 
587,373
 
Past service costs and other
  
   
 
 
157,765
 
 
   
 
 
157,765
 
Actuarial gain for changes in experience
  
 
(7,222
) 
 
   
 
   
 
 
(7,222
) 
Actuarial loss from changes in demographic assumptions
  
 
134,625
 
 
   
 
   
 
 
134,625
 
Actuarial gain from changes in financial assumptions
  
 
(24,890
) 
 
   
 
   
 
 
(24,890
) 
 
  
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net period cost
  
Ps.
33,610,583
 
 
Ps.
(20,646,339
) 
 
Ps.
587,373
 
 
Ps.
13,551,617
 
Actuarial gain for changes in experience
  
 
(21,283,470
) 
 
   
 
   
 
 
(21,283,470
) 
Actuarial loss from changes in demographic assumptions
  
 
68,482
 
 
   
 
   
 
 
68,482
 
Actuarial gain from changes in financial assumptions
  
 
(1,246,539
) 
 
   
 
   
 
 
(1,246,539
) 
Changes in the asset ceiling during the period and others
  
   
 
   
 
 
(1,055,409
) 
 
 
(1,055,409
) 
Return on plan assets greater than discount rate (shortfall)
  
   
 
 
23,503,296
 
 
   
 
 
23,503,296
 
 
  
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Recognized in other comprehensive income
  
Ps.
(22,461,527
) 
 
Ps.
23,503,296
 
 
Ps.
(1,055,409
) 
 
Ps.
(13,640
) 
Contributions made by plan participants
  
 
173,722
 
 
 
(173,722
) 
 
   
 
 
—  
 
Contributions to the pension plan made by the Company
  
   
 
 
(1,565,792
) 
 
   
 
 
(1,565,792
) 
Benefits paid
  
 
(19,546,541
) 
 
 
19,546,541
 
 
   
 
 
—  
 
Payments to employees
  
 
(10,651,938
) 
 
   
 
   
 
 
(10,651,938
) 
Effect of translation
  
 
(3,535,477
) 
 
 
3,353,498
 
 
 
(963,981
) 
 
 
(1,145,960
) 
 
  
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Others
  
Ps.
(33,560,234
) 
 
Ps.
21,160,525
 
 
Ps.
(963,981
) 
 
Ps.
(13,363,690
) 
Balance at the end of the year
  
 
306,702,447
 
 
 
(203,671,122
) 
 
 
5,087,543
 
 
 
108,118,868
 
Less short-term portion
  
 
(212,141
) 
 
   
 
   
 
 
(212,141
) 
 
  
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Non-current
 
obligation
  
Ps.
306,490,306
 
 
Ps.
(203,671,122
) 
 
Ps.
5,087,543
 
 
Ps.
107,906,727
 
 
  
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
  
At December 31, 2019
 
 
  
DBO
 
 
Plan Assets
 
 
Effect of asset
celling
 
 
Net
employee
benefit
liability
 
Balance at the beginning of the year
  
Ps.
306,702,447
 
 
Ps.
(203,671,122
) 
 
 
5,087,543
 
 
Ps.
108,118,868
 
Current service cost
  
 
2,591,975
 
 
 
 
 
2,591,975
 
Interest cost on projected benefit obligation
  
 
31,001,348
 
 
 
 
 
31,001,348
 
Expected return on plan assets
  
 
 
(20,070,037
) 
 
 
 
(20,070,037
) 
Changes in the asset ceiling during the period and others
  
 
 
 
445,743
 
 
 
445,743
 
Past service costs and others
  
 
 
144,481
 
 
 
 
144,481
 
Actuarial gain for changes in experience
  
 
(22,599
) 
 
 
 
 
(22,599
) 
Actuarial gain from changes in demographic assumptions
  
 
(129
) 
 
 
 
 
(129
) 
Actuarial loss from changes in financial assumptions
  
 
36,163
 
 
 
 
 
36,163
 
  
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net period cost
  
Ps.
33,606,758
 
 
Ps.
(19,925,556
) 
 
Ps.
445,743
 
 
Ps.
14,126,945
 
Actuarial loss for changes in experience
  
 
31,606,323
 
 
 
 
 
31,606,323
 
Actuarial gain from changes in demographic assumptions
  
 
(339,657
) 
 
 
 
 
(339,657
) 
Actuarial loss from changes in financial assumptions
  
 
7,207,072
 
 
 
 
 
7,207,072
 
Changes in the asset ceiling during the period and others
  
 
 
 
(712,064
) 
 
 
(712,064
) 
Return on plan assets greater than discount rate (shortfall)
  
 
 
423,514
 
 
 
 
423,514
 
  
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Recognized in other comprehensive income
  
Ps.
38,473,738
 
 
Ps.
423,514
 
 
Ps.
(712,064
) 
 
Ps.
38,185,188
 
Contributions made by plan participants
  
 
155,188
 
 
 
(155,188
) 
 
 
 
—  
 
Contributions to the pension plan made by the Company
  
 
 
(1,337,610
) 
 
 
 
(1,337,610
) 
Benefits paid
  
 
(15,836,928
) 
 
 
15,836,928
 
 
 
 
—  
 
Payments to employees
  
 
(16,996,920
) 
 
 
 
 
(16,996,920
) 
Effect of translation
  
 
(3,534,509
) 
 
 
2,528,213
 
 
 
(393,201
) 
 
 
(1,399,497
) 
  
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Others
  
Ps.
(36,213,169
) 
 
Ps.
16,872,343
 
 
Ps.
(393,201
) 
 
Ps.
(19,734,027
) 
Balance at the end of the year
  
 
342,569,774
 
 
 
(206,300,821
) 
 
 
4,428,021
 
 
 
140,696,974
 
Less short-term portion
  
 
(213,065
) 
 
 
 
 
(213,065
) 
  
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Non-current
obligation
  
Ps.
342,356,709
 
 
Ps.
(206,300,821
) 
 
Ps.
4,428,021
 
 
Ps.
140,483,909
 
  
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
  
At December 31, 2020
 
 
  
DBO
 
 
Plan Assets
 
 
Effect of asset

celling
 
 
Net employee

benefit liability
 
Balance at the beginning of the year
  
Ps.
342,569,774
 
 
Ps.
(206,300,821
) 
 
Ps.
4,428,021
 
 
Ps.
140,696,974
 
Current service cost
  
 
2,810,584
 
 
 
 
 
2,810,584
 
Interest cost on projected benefit obligation
  
 
30,482,173
 
 
 
 
 
30,482,173
 
Expected return on plan assets
  
 
 
(17,655,119
) 
 
 
 
(17, 655,119
) 
Changes in the asset ceiling during the period and others
  
 
 
 
278,639
 
 
 
278,639
 
Past service costs and other
  
 
 
148,253
 
 
 
 
148,253
 
Actuarial gain for changes in experience
  
 
(8,945
) 
 
 
 
 
(8,945
) 
Actuarial gain from changes in demographic assumptions
  
 
(270
) 
 
 
 
 
(270
) 
Actuarial loss from changes in financial assumptions
  
 
20,219
 
 
 
 
 
20,219
 
  
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net period cost
  
Ps.
33,303,761
 
 
Ps.
(17,506,866
) 
 
Ps.
278,639
 
 
Ps.
16,075,534
 
Actuarial gain for changes in experience
  
 
(9,677
) 
 
 
 
 
(9,677
) 
Actuarial gain from changes in demographic assumptions
  
 
(103,987
) 
 
 
 
 
(103,987
) 
Actuarial loss from changes in financial assumptions
  
 
3,475,345
 
 
 
 
 
3,475,345
 
Changes in the asset ceiling during the period and others
  
 
 
 
(542,430
) 
 
 
(542,430
) 
Return on plan assets greater than discount rate (shortfall)
  
 
 
12,320,777
 
 
 
 
12,320,777
 
Actuarial loss from changes in demographic assumptions
  
 
(924,084
) 
 
 
 
 
(924,084
) 
  
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Recognized in other comprehensive income
  
Ps.
2,437,597
 
 
Ps.
12320,777
 
 
Ps.
(542,430
) 
 
Ps.
14,215,944
 
Contributions made by plan participants
  
 
137,947
 
 
 
(137,947
) 
 
 
 
—  
 
Contributions to the pension plan made by the Company
  
 
 
(1,882,654
) 
 
 
 
(1,882,654
) 
Benefits paid
  
 
(19,740,727
) 
 
 
19,740,727
 
 
 
 
—  
 
Payments to employees
  
 
(14,426,720
) 
 
 
 
 
(14,426,720
) 
Effect of translation
  
 
(1,278,392
) 
 
 
2,217,201
 
 
 
(770,590
) 
 
 
168,219
 
  
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Others
  
Ps.
(35,307,892
) 
 
Ps.
19,937,327
 
 
Ps.
(770,590
) 
 
Ps.
(16,141,155
) 
Balance at the end of the year
  
 
343,003,240
 
 
 
(191,549,583
) 
 
 
3,393,640
 
 
 
154,847,297
 
Less short-term portion
  
 
(268,940
) 
 
 
 
 
(268,940
) 
  
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Non-current
obligation
  
Ps.
342,734,300
 
 
Ps.
(191,549,583
) 
 
Ps.
3,393,640
 
 
Ps.
154,578,357
 
  
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Schedule of Plan Assets Invested
Plan assets are invested in:
At December 31
 
 
  
2019
 
 
2020
 
 
  
Puerto Rico
 
 
Brazil
 
 
Mexico
 
 
Puerto Rico
 
 
Brazil
 
 
Mexico
 
Equity instruments
  
 
41
% 
 
 
—  
 
 
 
64
% 
 
 
43
% 
 
 
—  
 
 
 
68
% 
Debt instruments
  
 
58
% 
 
 
94
% 
 
 
36
% 
 
 
22
% 
 
 
95
% 
 
 
32
% 
Others
  
 
1
% 
 
 
6
% 
 
 
—  
 
 
 
35
% 
 
 
5
% 
 
 
—  
 
 
  
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
  
 
100
% 
 
 
100
% 
 
 
100
% 
 
 
100
% 
 
 
100
% 
 
 
100
% 
 
  
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Summary of Assumptions Used in Determining the Net Period Cost
 
 
 
2018
 
2019
 
2020
 
 
Puerto
Rico
 
Brazil
 
Mexico
 
Europe
 
Puerto
Rico
 
Brazil
 
Mexico
 
Europe
 
Puerto
Rico
 
Brazil
 
Mexico
 
Europe
 
 
 
 
 
 
 
 
1.25%,
 
 
 
 
 
 
 
0.75%,
 
 
 
6.48% &
 
 
 
0.25%,
 
 
 
 
 
 
 
 
 
1.75% &
 
 
 
 
 
 
 
 
1.00% &
 
 
 
 
 
 
 
 
0.50% &
 
Discount rate and long- term rate return
 
 
4.45%
 
 
9.10%
 
 
11.81%
 
 
2.00%
 
 
3.23%
 
 
7.03%
 
 
10.50%
 
 
1.25%
 
 
2.34%
 
 
7.39%
 
 
10.04%
 
 
0.75%
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
3.0.%,
 
 
 
 
 
 
 
3.00%,
 
 
 
 
 
 
 
3.00%,
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
3.5% &
 
 
 
 
 
 
 
3.5% &
 
 
 
 
 
 
 
3.5% &
 
 
 
 
 
 
 
 
 
 
 
 
 
Rate of future salary increases
 
2.75%
 
4.00%
 
3.55%
 
4.40%
 
2.75%
 
3.80%
 
3.20%
 
4.40%
 
2.75%
 
3.25%
 
2.84%
 
4.10%
 
 
 
 
 
 
 
 
 
 
 
 
 
Percentage of increase in health care costs for the coming year
 
3.87%
 
10.50%
 
 
 
 
 
3.18%
 
10.30%
 
 
 
 
 
2.28%
 
9.96%
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Year to which this level will be maintained
 
N/A
 
2029
 
 
 
 
 
N/A
 
2029
 
 
 
 
 
N/A
 
2031
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Rate of increase of pensions
 
 
 
 
 
 
 
1.60%
 
 
 
 
 
 
 
1.60%
 
 
 
 
 
 
 
1.60%
 
 
 
 
 
 
 
 
 
 
 
 
 
Employee turnover rate*
 
 
 
 
 
 
 
0.0%-1.51%
 
 
 
 
 
 
 
0.00%-1.38%
 
 
 
 
 
 
 
0.00%-1.31%
 

*
Depending on years of service
Summary of Increase (Decrease) Would Have Resulted in the DBO Pension and Other Benefits
 
  
-100 points
 
  
+100 points
 
Discount rate
  
Ps.
29,012,552
 
  
Ps.
(25,541,956
) 
Health care cost trend rat
  
Ps.
(665,934
) 
  
Ps.
781,238
 
Summary of Long-Term Direct Employee Benefits
 
  
Balance at
December 31,
2018
 
  
Effect of
translation
 
 
Increase of
the year
 
  
Applications
 
  
Balance at
December 31,
2019
 
 
  
Payments
 
 
Reversals
 
Long-term direct employee benefits
  
Ps.
8,111,778
 
  
Ps.
(518,180
) 
 
 
Ps.2,528,224
 
  
 
Ps.(1,946,055
) 
 
 
Ps.
 
—  
 
  
 
Ps.8,175,767
 
 
  
 
 
 
  
 
 
 
 
 
 
 
  
 
 
 
 
 
 
 
  
 
 
 
      
 
  
Balance at

December 31,

2019
 
  
Effect of

translation
 
 
Increase of

the year
 
  
Applications
 
  
Balance at

December 31,

2020
 
 
  
Payments
 
 
Reversals
 
Long-term direct employee benefits
  
Ps.
8,175,767
 
  
Ps.
1,256,880
 
 
 
Ps.1,729,392
 
  
 
Ps.(2,411,436
) 
 
 
Ps.
 
—  
 
  
 
Ps.8,750,603