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Significant Accounting Policies (Tables)

12 Months Ended

Dec. 31, 2018

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Disclosure of Exchange Rates of Local Currencies Translated to Mexican Pesos


				Exchange Rates of Local Currencies Translated to Mexican Pesos⁽¹⁾
		Functional / Recording Currency		Average Exchange Rate for												Exchange Rate as of
Country or Zone		Functional / Recording Currency		2018				2017				2016				December 31, 2018				December 31, 2017
Guatemala		Quetzal			2.56				2.57				2.46				2.54				2.69
Costa Rica		Colon			0.03				0.03				0.03				0.03				0.03
Panama		U.S. dollar			19.24				18.93				18.66				19.68				19.74
Colombia		Colombian peso			0.01				0.01				0.01				0.01				0.01
Nicaragua		Cordoba			0.62				0.63				0.65				0.61				0.64
Argentina		Argentine peso			0.73				1.15				1.26				0.52				1.06
Venezuela a)		Bolivar			—				a	)			a	)			—				a	)
Brazil		Reais			5.29				5.94				5.39				5.08				5.97
Chile		Chilean peso			0.03				0.03				0.03				0.03				0.03
Euro Zone		Euro (€)			22.71				21.32				20.66				22.54				23.57
Peru		Nuevo Sol			5.85				5.78				5.53				5.83				6.08
Ecuador		U.S. dollar			19.24				18.93				18.66				19.68				19.74
Philippines		Philippine peso			0.37				0.38				0.39				0.37				0.40
Uruguay		Uruguayan peso			0.63				0.66				0.71				0.61				0.69

(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, 2018, 2017, and 2016, the operations of the Company are classified as follows:


Country		Cumulative Inflation 2016- 2018				Type of Economy		Cumulative Inflation 2015- 2017				Type of Economy		Cumulative Inflation 2014- 2016				Type of Economy
Mexico			15.7	%		Non-hyperinflationary			12.7	%		Non-hyperinflationary			9.9	%		Non-hyperinflationary
Guatemala			12.2	%		Non-hyperinflationary			13.5	%		Non-hyperinflationary			10.6	%		Non-hyperinflationary
Costa Rica			5.7	%		Non-hyperinflationary			2.5	%		Non-hyperinflationary			5.1	%		Non-hyperinflationary
Panama			2.1	%		Non-hyperinflationary			2.3	%		Non-hyperinflationary			2.8	%		Non-hyperinflationary
Colombia			13.4	%		Non-hyperinflationary			17.5	%		Non-hyperinflationary			17.0	%		Non-hyperinflationary
Nicaragua			13.1	%		Non-hyperinflationary			12.3	%		Non-hyperinflationary			13.1	%		Non-hyperinflationary
Argentina (a)			158.4	%		Hyperinflationary			101.5	%		Non-hyperinflationary			99.7	%		Non-hyperinflationary
Venezuela			—			Hyperinflationary			30,690.0	%		Hyperinflationary			2,263.0	%		Hyperinflationary
Brazil			25.0	%		Non-hyperinflationary			21.1	%		Non-hyperinflationary			25.2	%		Non-hyperinflationary
Philippines			11.9	%		Non-hyperinflationary			7.5	%		Non-hyperinflationary			5.7	%		Non-hyperinflationary
Euro Zone			2.7	%		Non-hyperinflationary			2.7	%		Non-hyperinflationary			1.2	%		Non-hyperinflationary
Chile			9.7	%		Non-hyperinflationary			9.7	%		Non-hyperinflationary			12.2	%		Non-hyperinflationary
Peru			9.3	%		Non-hyperinflationary			9.3	%		Non-hyperinflationary			11.2	%		Non-hyperinflationary
Ecuador			30.3	%		Non-hyperinflationary			30.3	%		Non-hyperinflationary			8.4	%		Non-hyperinflationary
Uruguay			25.3	%		Non-hyperinflationary			—			Non-hyperinflationary			—			Non-hyperinflationary

Disclosure of Estimated Useful Lives of Company's Assets

The estimated useful lives of the Company’s 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