XML 160 R35.htm IDEA: XBRL DOCUMENT

Derivative Financial Instruments (Tables)

12 Months Ended

Dec. 31, 2021

Schedule of Derivative Financial Instruments Contracted

An analysis of the derivative financial instruments contracted by the Company at December 31, 2020 and 2021 is as follows:


	At December 31,
	2020					2021
Instrument	Notional amount in millions		Fair Value			Notional amount in millions		Fair Value
Assets:
Swaps US Dollar – Mexican Peso	US$	3,490	Ps.	16,806,937		US$	1,890	Ps.	6,881,934
Swaps US Dollar – Euro	US$	150		117,726		US$	150		307,646
Swaps Yen – US Dollar	¥	9,750		269,215		¥	6,500		119,325
Swaps Pound Sterling – US Dollar	£	1,010		2,237,919		£	100		99,463
Forwards US Dollar – Mexican Peso	US$	240		39,607		US$	2,080		321,864
Forwards Mexican Peso – US Dollar		—		—		MX$	35,419		1,635,087
Forwards Brazilian Real – US Dollar	BRL$	4,193		1,190,292		BRL$	2,480		127,131
Forwards Euro – US Dollar	€	915		266,639			—		—
Put Option		—		—		€	374		638,347

Total Assets		—	Ps.	20,928,335			—	Ps.	10,130,806


	At December 31,
	2020					2021
Instrument	Notional amount in millions		Fair Value			Notional amount in millions		Fair Value
Liabilities:
Swaps US Dollar – Euro	US$	800	Ps.	(4,811,031	)	US$	800	Ps.	(1,270,005	)
Swaps Yen – US Dollar	¥	3,250		(14,802	)	¥	6,500		(119,313	)
Swaps Pound Sterling – Euro	£	640		(3,122,492	)	£	640		(1,924,941	)
Swap Pound Sterling – US Dollar	£	550		(457,559	)	£	1,460		(2,117,583	)
Swaps Euro – US Dollar		—		—		€	495		(528,298	)
Swaps Euro – Mexican Peso		—		—		€	750		(680,720	)
Forwards US Dollar – Mexican Peso	US$	3,494		(4,052,852	)	US$	1,175		(286,937	)
Forwards Brazilian Real – US Dollar	BRL$	1,762		(425,249	)	BRL$	4,021		(234,822	)
Forwards Euro – US Dollar		—		—		€	815		(1,122,641	)
Forwards US Dollar – Euro		—		—		US$	8		(1,570	)
Forwards Euro – Mexican Peso	€	200		(272,274	)	€	200		(22,182	)
Put option	€	374		(1,073,990	)		—		—
Call option		—		—		€	2,097		(1,725,495	)

Total Liabilities		—	Ps.	(14,230,249	)		—	Ps.	(10,034,508	)

Summary of Maturities of Notional Amount of Derivatives

The maturities of the notional amount of the derivatives are as follows:


Instrument	Notional amount in millions	2022		2023		2024		2025		2026 Thereafter
Assets
Swaps US Dollar-Mexican Peso	US$		—		—		—		—		1,890
Swaps Yen-US Dollar	¥		—		—		—		—		6,500
Swaps US Dollar – Euro	US$		—		—		—		—		150
Swaps Pound Sterling – US Dollar	£		—		—		—		—		100
Forwards US Dollar-Mexican Peso	US$		2,080		—		—		—		—
Forwards Mexican Peso – US Dollar	MX$		35,419		—		—		—		—
Forwards Brazilian Real-US Dollar	BRL		2,480		—		—		—		—
Put Option	€		—		374		—		—		—
Liabilities
Swaps US Dollar-Euro	US$		—		—		—		—		800
Swaps Euro – US Dollar	€		—		320		175		—		—
Swaps Euro – Mexican Peso	US$		—		750		—		—		—
Swaps Yen-US Dollar	¥		—		—		—		—		6,500
Swaps Pound Sterling-Euro	£		—		—		—		—		640
Swap Pound Sterling-US Dollar	£		—		—		—		—		1,460
Forwards US Dollar – Mexican Peso	US$		1,175		—		—		—		—
Forwards Euro – US Dollar	€		765		—		50		—		—
Forwards US Dollar—Euro	US$		8		—		—		—		—
Forwards Brazilian Real-US Dollar	BRL		4,021		—		—		—		—
Forwards Euro – Mexican Peso	€		200		—		—		—		—
Call option	€		—		—		2,097		—		—