XML 52 R37.htm IDEA: XBRL DOCUMENT
v3.8.0.1

Significant Accounting Policies (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2017
Text block1 [abstract] |
Disclosure of Exchange Rates of Local Currencies Translated to Mexican Pesos |
• |  | For non-hyperinflationary economic environments, assets and liabilities are translated into Mexican pesos using the year-end exchange rate, equity is translated into Mexican pesos using the historical exchange rate, and the income statement and comprehensive income is translated using the exchange rate at the date of each transaction. The Company uses the average exchange rate of each month if the exchange rate does not fluctuate significantly.
|  |  |  | Exchange Rates of Local Currencies Translated to Mexican Pesos(1) |
Country or Zone |  | Functional / Recording Currency |  | Average Exchange Rate for |  |  | Exchange Rate as of |
|  | 2017 |  |  | 2016 |  |  | 2015 |  |  | December 31, 2017 |  |  | December 31, 2016 |
Guatemala |  | Quetzal |  |  | 2.57 |  |  |  | 2.46 |  |  |  | 2.07 |  |  |  | 2.69 |  |  |  | 2.75 |
Costa Rica |  | Colon |  |  | 0.03 |  |  |  | 0.03 |  |  |  | 0.03 |  |  |  | 0.03 |  |  |  | 0.04 |
Panama |  | U.S. dollar |  |  | 18.93 |  |  |  | 18.66 |  |  |  | 15.85 |  |  |  | 19.74 |  |  |  | 20.66 |
Colombia |  | Colombian peso |  |  | 0.01 |  |  |  | 0.01 |  |  |  | 0.01 |  |  |  | 0.01 |  |  |  | 0.01 |
Nicaragua |  | Cordoba |  |  | 0.63 |  |  |  | 0.65 |  |  |  | 0.58 |  |  |  | 0.64 |  |  |  | 0.70 |
Argentina |  | Argentine peso |  |  | 1.15 |  |  |  | 1.26 |  |  |  | 1.71 |  |  |  | 1.06 |  |  |  | 1.30 |
Venezuela a) |  | Bolivar |  |  | a | ) |  |  | a | ) |  |  | a | ) |  |  | a | ) |  |  | a | )
Brazil |  | Reais |  |  | 5.94 |  |  |  | 5.39 |  |  |  | 4.81 |  |  |  | 5.97 |  |  |  | 6.34 |
Chile |  | Chilean peso |  |  | 0.03 |  |  |  | 0.03 |  |  |  | 0.02 |  |  |  | 0.03 |  |  |  | 0.03 |
Euro Zone |  | Euro (€) |  |  | 21.32 |  |  |  | 20.66 |  |  |  | 17.60 |  |  |  | 23.57 |  |  |  | 21.77 |
Peru |  | Nuevo Sol |  |  | 5.78 |  |  |  | 5.53 |  |  |  | 4.99 |  |  |  | 6.08 |  |  |  | 6.15 |
Ecuador |  | Peso |  |  | 18.93 |  |  |  | 18.66 |  |  |  | 15.85 |  |  |  | 19.74 |  |  |  | 20.66 |
Philippines |  | Philippine peso |  |  | 0.38 |  |  |  | 0.39 |  |  |  | 0.35 |  |  |  | 0.40 |  |  |  | 0.41 |
(1) | Exchange rates published by the Central Bank of each country where the Company operates.
Disclosure of Recognition of Effects of Inflation in Countries with Hyperinflationary Economic Environments | As of December 31, 2017, 2016, and 2015, the operations of the Company are classified as follows:
Country |  | Cumulative Inflation 2015- 2017 |  |  | Type of Economy |  | Cumulative Inflation 2014- 2016 |  |  | Type of Economy |  | Cumulative Inflation 2013- 2015 |  |  | Type of Economy
Mexico |  |  | 12.7 | % |  | Non-hyperinflationary |  |  | 9.9 | % |  | Non-hyperinflationary |  |  | 10.5 | % |  | Non-hyperinflationary
Guatemala |  |  | 13.5 | % |  | Non-hyperinflationary |  |  | 10.6 | % |  | Non-hyperinflationary |  |  | 10.8 | % |  | Non-hyperinflationary
Costa Rica |  |  | 2.5 | % |  | Non-hyperinflationary |  |  | 5.1 | % |  | Non-hyperinflationary |  |  | 8.1 | % |  | Non-hyperinflationary
Panama |  |  | 2.3 | % |  | Non-hyperinflationary |  |  | 2.8 | % |  | Non-hyperinflationary |  |  | 5.1 | % |  | Non-hyperinflationary
Colombia |  |  | 17.5 | % |  | Non-hyperinflationary |  |  | 17.0 | % |  | Non-hyperinflationary |  |  | 12.8 | % |  | Non-hyperinflationary
Nicaragua |  |  | 12.3 | % |  | Non-hyperinflationary |  |  | 13.1 | % |  | Non-hyperinflationary |  |  | 15.8 | % |  | Non-hyperinflationary
Argentina (a) |  |  | 101.5 | % |  | Non-hyperinflationary |  |  | 99.7 | % |  | Non-hyperinflationary |  |  | 59.2 | % |  | Non-hyperinflationary
Venezuela |  |  | 30,690.0 | % |  | Hyperinflationary |  |  | 2,263.0 | % |  | Hyperinflationary |  |  | 562.9 | % |  | Hyperinflationary
Brazil |  |  | 21.1 | % |  | Non-hyperinflationary |  |  | 25.2 | % |  | Non-hyperinflationary |  |  | 24.7 | % |  | Non-hyperinflationary
Philippines |  |  | 7.5 | % |  | Non-hyperinflationary |  |  | 5.7 | % |  | Non-hyperinflationary |  |  | 8.3 | % |  | Non-hyperinflationary
Euro Zone |  |  | 2.72 | % |  | Non-hyperinflationary |  |  | 1.2 | % |  | Non-hyperinflationary |  |  | 0.9 | % |  | Non-hyperinflationary
Chile |  |  | 9.67 | % |  | Non-hyperinflationary |  |  | 12.2 | % |  | Non-hyperinflationary |  |  | 12.5 | % |  | Non-hyperinflationary
Peru |  |  | 9.28 | % |  | Non-hyperinflationary |  |  | 11.2 | % |  | Non-hyperinflationary |  |  | 10.8 | % |  | Non-hyperinflationary
Ecuador |  |  | 30.34 | % |  | Non-hyperinflationary |  |  | 8.4 | % |  | Non-hyperinflationary |  |  | 10.0 | % |  | Non-hyperinflationary
Disclosure of Estimated Useful Lives of Company's Principal Assets | The estimated useful lives of the Company’s principal assets are as follows:
|  | Years |
Buildings |  |  | 25-50 |
Machinery and equipment |  |  | 10-20 |
Distribution equipment |  |  | 7-15 |
Refrigeration equipment |  |  | 5-7 |
Returnable bottles |  |  | 1.5-4 |
Leasehold improvements |  |  | The shorter of lease term or 15 years |
Information technology equipment |  |  | 3-5 |
Other equipment |  |  | 3-10

X
- Definition The disclosure of changes in foreign exchange rates. + References No definition available. + Details
Name: | fmx_DisclosureOfChangesInForeignExchangeRatesExplanatory
Namespace Prefix: | fmx_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition The detail disclosure about effects of inflation in hyperinflationary economic environment. + References No definition available. + Details
Name: | fmx_DisclosureOfDetailInformationAboutEffectsOfInflationInHyperinflationaryEconomicEnvironmentExplanatory
Namespace Prefix: | fmx_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition The disclosure of fixed assets with estimated useful life. + References No definition available. + Details
Name: | fmx_DisclosureOfFixedAssetsWithEstimatedUsefulLifeExplanatory
Namespace Prefix: | fmx_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Text block1 [abstract] + References No definition available. + Details
Name: | fmx_TextBlock1Abstract
Namespace Prefix: | fmx_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration