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Intangible Assets (Tables)

12 Months Ended

Dec. 31, 2018

Statement [LineItems]

Summary of Reconciliation of Changes in Intangible Assets and Goodwill

		Rights to Produce and Distribute Coca-Cola Trademark Products				Goodwill				Trademark Rights				Other Indefinite Lived Intangible Assets				Total Unamortized Intangible Assets				Technology Costs and Management Systems				Systems in Development				Alcohol Licenses				Other				Total Amortized Intangible Assets				Total Intangible Assets
Cost as of January 1, 2016		Ps.	66,392			Ps.	33,850			Ps.	1,481			Ps.	1,246			Ps.	102,969			Ps.	4,890			Ps.	683			Ps.	1,225			Ps.	860			Ps.	7,658			Ps.	110,627
Additions			—				—				3				—				3				345				609				191				146				1,291				1,294
Acquisitions from business combinations (see Note 4)			9,602				12,276				239				1,067				23,184				318				3				—				174				495				23,679
Changes in fair value of past acquisitions			—				(2,385	)			4,315				(554	)			1,376				—				—				—				1,078				1,078				2,454
Transfer of completed development systems			—				—				—				—				—				304				(304	)			—				—				—				—
Disposals			—				—				—				—				—				(336	)			—				—				(24	)			(360	)			(360	)
Effect of movements in exchange rates			8,124				8,116				187				392				16,819				451				(193	)			—				104				362				17,181
Changes in value on the recognition of inflation effects			1,220				—				—				—				1,220				141				—				—				—				141				1,361
Capitalization of borrowing costs			—				—				—				—				—				11				—				—				—				11				11
Cost as of December 31, 2016		Ps.	85,338			Ps.	51,857			Ps.	6,225			Ps.	2,151			Ps.	145,571			Ps.	6,124			Ps.	798			Ps.	1,416			Ps.	2,338			Ps.	10,676			Ps.	156,247

		Rights to Produce and Distribute Coca-Cola Trademark Products				Goodwill				Trademark Rights				Other Indefinite Lived Intangible Assets				Total Unamortized Intangible Assets				Technology Costs and Management Systems				Systems in Development				Alcohol Licenses				Other				Total Amortized Intangible Assets				Total Intangible Assets
Cost as of January 1, 2017		Ps.	85,338			Ps.	51,857			Ps.	6,225			Ps.	2,151			Ps.	145,571			Ps.	6,124			Ps.	798			Ps.	1,416			Ps.	2,338			Ps.	10,676			Ps.	156,247
Additions			1,288				—				—				6				1,294				464				920				221				445				2,050				3,344
Acquisitions from business combinations (see Note 4)			4,144				140				5				—				4,289				6				—				—				80				86				4,375
Changes in fair value of past acquisitions			5,167				(7,022	)			836				9				(1,010	)			(188	)			—				—				892				704				(306	)
Transfer of completed development systems			—				—				—				—				—				412				(412	)			—				—				—				—
Disposals			—				—				—				—				—				110				—				—				—				110				110
Effect of movements in exchange rates			(2,563	)			(1,526	)			119				91				(3,879	)			175				(15	)			—				52				212				(3,667	)
Changes in value on the recognition of inflation effects			(727	)			—				—				—				(727	)			—				—				—				175				175				(552	)
Venezuela deconsolidation effect			(745	)			—				—				—				(745	)			—				—				—				(139	)			(139	)			(884	)
Cost as of December 31, 2017		Ps.	91,902			Ps.	43,449			Ps.	7,185			Ps.	2,257			Ps.	144,793			Ps.	7,103			Ps.	1,291			Ps.	1,637			Ps.	3,843			Ps.	13,874			Ps.	158,667
		Rights to Produce and Distribute Coca-Cola Trademark Products				Goodwill				Trademark Rights				Other Indefinite Lived Intangible Assets				Total Unamortized Intangible Assets				Technology Costs and Management Systems				Systems in Development				Alcohol Licenses				Other				Total Amortized Intangible Assets				Total Intangible Assets
Cost as of January 1, 2018		Ps.	91,902			Ps.	43,449			Ps.	7,185			Ps.	2,257			Ps.	144,793			Ps.	7,103			Ps.	1,291			Ps.	1,637			Ps.	3,843			Ps.	13,874			Ps.	158,667
Additions			—				75				—				71				146				1,051				371				131				94				1,647				1,793
Acquisitions from business combinations (see Note 4)			4,602				842				170				—				5,614				35				57				—				291				383				5,997
Changes in fair value of past acquisitions			—				272				—				—				272				—				—				—				—				—				272
Internal development			—				—				—				—				—				—				—				—				41				41				41
Transfer of completed development systems			—				—				—				—				—				904				(904	)			—				—				—				—
Disposals			—				—				—				(2	)			(2	)			(43	)			—				—				(146	)			(189	)			(191	)
Philippines Disposal			(3,882	)			—				—				—				(3,882	)			—				—				—				(596	)			(596	)			(4,478	)
Effect of movements in exchange rates			(5,005	)			(4,108	)			(656	)			(349	)			(10,118	)			(343	)			(38	)			—				(311	)			(692	)			(10,810	)
Changes in value on the recognition of inflation effects			—				—				—				—				—				—				—				—				57				57				57
Cost as of December 31, 2018		Ps.	87,617			Ps.	40,530			Ps.	6,699			Ps.	1,977			Ps.	136,823			Ps.	8,707			Ps.	777			Ps.	1,768			Ps.	3,273			Ps.	14,525			Ps.	151,348

Amortization and Impairment Losses		Rights to Produce and Distribute Coca-Cola Trademark Products				Goodwill				Trademark Rights				Other Indefinite Lived Intangible Assets				Total Unamortized Intangible Assets				Technology Costs and Management Systems				Systems in Development				Alcohol Licenses				Other				Total Amortized Intangible Assets				Total Intangible Assets
Amortization as of January 1, 2016		Ps.	—			Ps.	—			Ps.	—			Ps.	—			Ps.	—			Ps.	(1,619	)		Ps.	—			Ps.	(302	)		Ps.	(365	)		Ps.	(2,286	)		Ps.	(2,286	)
Amortization expense			—				—				—				—				—				(630	)			—				(74	)			(302	)			(1,006	)			(1,006	)
Impairment losses			—				—				—				—				—				—				—				—				—				—				—
Disposals			—				—				—				—				—				313				—				—				36				349				349
Effect of movements in exchange rates			—				—				—				—				—				(1	)			—				—				(35	)			(36	)			(36	)
Amortization as of December 31, 2016		Ps.	—			Ps.	—			Ps.	—			Ps.	—			Ps.	—			Ps.	(1,937	)		Ps.	—			Ps.	(376	)		Ps.	(666	)		Ps.	(2,979	)		Ps.	(2,979	)
Amortization as of January 1, 2017		Ps.	—			Ps.	—			Ps.	—			Ps.	—			Ps.	—			Ps.	(1,937	)		Ps.	—			Ps.	(376	)		Ps.	(666	)		Ps.	(2,979	)		Ps.	(2,979	)
Amortization expense			—				—				—				—				—				(961	)			—				(81	)			(217	)			(1,259	)			(1,259	)
Impairment losses			—				—				—				—				—				(110	)			—				—				—				(110	)			(110	)
Disposals			—				—				—				—				—				—				—				—				—				—				—
Venezuela deconsolidation effect			—				—				—				—				—				—				—				—				(120	)			(120	)			(120	)
Venezuela impairment			—				—				—				—				—				—				—				—				—				—				—
Effect of movements in exchange rates			—				—				—				—				—				(254	)			—				—				148				(106	)			(106	)
Amortization as of December 31, 2017		Ps.	—			Ps.	—			Ps.	—			Ps.	—			Ps.	—			Ps.	(3,262	)		Ps.	—			Ps.	(457	)		Ps.	(855	)		Ps.	(4,574	)		Ps.	(4,574	)
Amortization as of January 1, 2018		Ps.	—			Ps.	—			Ps.	—			Ps.	—			Ps.	—			Ps.	(3,262	)		Ps.	—			Ps.	(457	)		Ps.	(855	)		Ps.	(4,574	)		Ps.	(4,574	)
Amortization expense			—				—				—				—				—				(1,453	)			—				(87	)			(373	)			(1,913	)			(1,913	)
Disposals			—				—				—				—				—				93				—				—				98				191				191
Philippines Disposal			—				—				—				—				—				—				—				—				375				375				375
Effect of movements in exchange rates			—				—				—				—				—				236				—				—				(1	)			235				235
Changes in value on the recognition of inflation effects			—				—				—				—				—				(51	)			—				—				(1	)			(52	)			(52	)
Amortization as of December 31, 2018		Ps.	—			Ps.	—			Ps.	—			Ps.	—			Ps.	—			Ps.	(4,437	)		Ps.	—			Ps.	(544	)		Ps.	(757	)		Ps.	(5,738	)		Ps.	(5,738	)

Carrying Amount		Rights to Produce and Distribute Coca-Cola Trademark Products				Goodwill				Trademark Rights				Other Indefinite Lived Intangible Assets				Total Unamortized Intangible Assets				Technology Costs and Management Systems				Systems in Development				Alcohol Licenses				Other				Total Amortized Intangible Assets				Total Intangible Assets
As of December 31, 2016		Ps.	85,338			Ps.	51,857			Ps.	6,225			Ps.	2,151			Ps.	145,571			Ps.	4,187			Ps.	798			Ps.	1,040			Ps.	1,672			Ps.	7,697			Ps.	153,268
As of December 31, 2017		Ps.	91,902			Ps.	43,449			Ps.	7,185			Ps.	2,257			Ps.	144,793			Ps.	3,841			Ps.	1,291			Ps.	1,180			Ps.	2,988			Ps.	9,300			Ps.	154,093
As of December 31, 2018		Ps.	87,617			Ps.	40,530			Ps.	6,699			Ps.	1,977			Ps.	136,823			Ps.	4,270			Ps.	777			Ps.	1,224			Ps.	2,516			Ps.	8,787			Ps.	145,610

Schedule of Allocation of Amortization Expenses

For the years ended 2018, 2017 and 2016, allocation for amortization expense is as follows:

		2018				2017				2016
Cost of goods sold		Ps.	399			Ps.	132			Ps.	82
Administrative expenses			858				627				727
Selling expenses			656				500				207
		Ps.	1,913			Ps.	1,259			Ps.	1,016

Summary of Average Remaining Period for Company's Intangible Assets Subject to Amortization

The average remaining period for the Company’s intangible assets that are subject to amortization is as follows:

		Years
Technology Costs and Management Systems		3 - 10
Alcohol Licenses		12 - 15

Disclosure of Aggregate Carrying Amounts of Goodwill and Distribution Rights Allocated to Each CGU

The aggregate carrying amounts of goodwill and distribution rights allocated to each CGU are as follows:

		December 31, 2018				December 31, 2017
Mexico		Ps.	56,352			Ps.	56,352
Guatemala			1,853				488
Nicaragua			460				484
Costa Rica			1,417				1,520
Panama			1,182				1,185
Colombia			4,600				5,824
Brazil			42,153				48,345
Argentina			327				50
Uruguay			3,003				—
Philippines			—				3,882
Total		Ps.	111,347			Ps.	118,130

Details of Key Assumptions by CGU for Impairment Test

The key assumptions by CGU for impairment test as of December 31, 2018 were as follows:

CGU		Pre-tax WACC				Post-tax WACC				Expected Annual Long-Term Inflation 2019-2028				Expected Volume Growth Rates 2019-2028
Mexico			7.4	%			5.3	%			4.0	%			1.4	%
Colombia			7.8	%			5.2	%			3.1	%			4.0	%
Costa Rica			13.9	%			9.2	%			4.0	%			1.6	%
Guatemala			9.4	%			7.5	%			3.2	%			7.3	%
Nicaragua			21.2	%			11.0	%			6.2	%			3.8	%
Panama			9.2	%			7.0	%			2.4	%			3.0	%
Argentina			19.6	%			11.3	%			21.9	%			2.7	%
Brazil			10.7	%			6.6	%			3.8	%			1.7	%

The key assumptions by CGU for impairment test as of December 31, 2017 were as follows:

CGU		Pre-tax WACC				Post-tax WACC				Expected Annual Long-Term Inflation 2018-2027				Expected Volume Growth Rates 2018-2027
Mexico			7.3	%			5.3	%			3.7	%			2.2	%
Colombia			9.1	%			6.6	%			3.1	%			3.2	%
Costa Rica			11.5	%			7.8	%			3.3	%			2.7	%
Guatemala			13.9	%			10.7	%			4.7	%			7.1	%
Nicaragua			16.6	%			10.6	%			5.0	%			4.9	%
Panama			8.3	%			6.5	%			2.3	%			3.4	%
Argentina			11.0	%			7.3	%			10.7	%			3.1	%
Brazil			9.7	%			6.2	%			4.1	%			1.3	%

Disclosure of Detailed Information About Sensitivity to Changes in Assumptions

						Change in Volume
CGU		Change in WACC				Growth CAGR (1)				Effect on Valuation
Mexico			+0.3	%			-1.0	%			Passes by 5.0x
Colombia			+0.6	%			-1.0	%			Passes by 3.9x
Costa Rica			+1.7	%			-1.0	%			Passes by 1.9x
Guatemala			+0.7	%			-1.0	%			Passes by 18.4x
Nicaragua			+0.3	%			-0.3	%			Passes by 1.0x
Panama			+0.3	%			-1.0	%			Passes by 6.9x
Argentina			+6.1	%			-1.0	%			Passes by 8.9x
Brazil			+1.1	%			-1.0	%			Passes by 1.3x

(1) Compound Annual Growth Rate (“CAGR”).

FEMSA Comercio - Health Division [member]

Statement [LineItems]

Details of Key Assumptions by CGU for Impairment Test

The key assumptions by CGU for impairment test as of December 31, 2018 were as follows:

CGU		Pre-tax WACC				Post-tax WACC				Expected Annual Long-Term Inflation 2019-2028				Expected Volume Growth Rates 2019-2028
South America (FEMSA Comercio – Health Division)			9.0	%			6.3	%			3.0	%			0.4	%

The key assumptions by CGU for impairment test as of December 31, 2017 were as follows:

CGU		Pre-tax WACC				Post-tax WACC				Expected Annual Long-Term Inflation 2018-2027				Expected Volume Growth Rates 2018-2027
South America (FEMSA Comercio – Health Division)			6.9	%			6.2	%			3.0	%			2.0	%

Disclosure of Detailed Information About Sensitivity to Changes in Assumptions

CGU

Change in WACC

Change in Sales Growth CAGR (1)

Effect on Valuation

FEMSA Comercio – Health Division (South America)

+0.3

%

-0.5

%

Passes by 1.15x

(1) Compound Annual Growth Rate.

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