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Financial Instruments (Tables) | 6 Months Ended
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Jun. 30, 2019
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Summary of Financial Assets and Liabilities Measured at Fair Value | The following table summarizes the Company’s financial assets and liabilities measured at fair value, as of June 30, 2019 and December 31, 2018:
|  | June 30, 2019 |  |  | December 31, 2018 |
|  | Level 1 |  |  | Level 2 |  |  | Level 1 |  |  | Level 2 |
Derivative financial instrument (current asset) |  |  | 27 |  |  |  | 770 |  |  |  | — |  |  |  | 735 |
Derivative financial instrument (non-current asset) |  |  | — |  |  |  | 9,807 |  |  |  | — |  |  |  | 10,752 |
Derivative financial instrument (current liability) |  |  | 201 |  |  |  | 352 |  |  |  | 236 |  |  |  | 147 |
Derivative financial instrument (non-current liability) |  |  | — |  |  |  | 2,243 |  |  |  | — |  |  |  | 1,262 |
Fair Value of Company's Publicly Traded Debt | considered to be level 2 in the fair value hierarchy. The fair value of the Company’s publicly traded debt is based on quoted market prices as of of June 30, 2019 and December 31, 2018, which is considered to be level 1 in the fair value hierarchy.
|  | June 30, 2019 |  |  | December 31, 2018 |
Carrying value |  | Ps. | 123,260 |  |  | Ps. | 128,664 |
Fair value |  |  | 128,757 |  |  |  | 128,741 |
Disclosure of Outstanding Interest Rate Swap Agreements | As of June 30, 2019, the Company has the following outstanding interest rate swap agreements:
Maturity Date |  | Notional Amount |  |  | Fair Value Liability June 30, 2019 |  |  | Fair Value Asset June 30, 2019 |
2019 |  |  | Ps. 3,908 |  |  | Ps. | (31 | ) |  |  | Ps.— |
2020 |  |  | 4,440 |  |  |  | (151 | ) |  |  | — |
2021 |  |  | 4,411 |  |  |  | (236 | ) |  |  | — |
2022 |  |  | 538 |  |  |  | (22 | ) |  |  | — |
2023 |  |  | 13,095 |  |  |  | (79 | ) |  |  | 546 |
As of December 31, 2018, the Company has the following outstanding interest rate swap agreements:
Maturity Date |  | Notional Amount |  |  | Fair Value Liability December 31, 2018 |  |  | Fair Value Asset December 31, 2018 |
2019 |  | Ps. | 4,032 |  |  | Ps. | (49 | ) |  | Ps. | — |
2020 |  |  | 4,559 |  |  |  | (112 | ) |  |  | — |
2021 |  |  | 4,548 |  |  |  | (151 | ) |  |  | — |
2022 |  |  | 617 |  |  |  | (18 | ) |  |  | — |
2023 |  |  | 13,101 |  |  |  | (49 | ) |  |  | 1,143 |
Disclosure of Outstanding Forward Agreements to Purchase Foreign Currency | As of June 30, 2019, the Company had the following outstanding forward agreements to purchase foreign currency:
Maturity Date |  | Notional Amount |  |  | Fair Value Liability June 30, 2019 |  |  | Fair Value Asset June 30, 2019 |
2019 |  | Ps. | 6,479 |  |  | Ps. | (80 | ) |  | Ps. | 28 |
2020 |  |  | 1,209 |  |  |  | — |  |  |  | 1 |
As of December 31, 2018, the Company had the following outstanding forward agreements to purchase foreign currency:
Maturity Date |  | Notional Amount |  |  | Fair Value Liability December 31, 2018 |  |  | Fair Value Asset December 31, 2018 |
2019 |  | Ps. | 5,808 |  |  | Ps. | (65 | ) |  | Ps. | 133 |
Summary of Outstanding Colar Options to Purchase Foreign Currency | As of June 30, 2019, the Company paid a net premium of Ps. 23 million for the following outstanding collar options to purchase foreign currency:
Maturity Date |  | Notional Amount |  |  | Fair Value Asset June 30, 2019 |  |  | Fair Value Asset June 30, 2019 |
2019 |  | Ps. | 813 |  |  | Ps. | (19 | ) |  | Ps. | 4 |
2020 |  |  | 907 |  |  |  | (20 | ) |  |  | 8 |
At December 31, 2018, the Company paid a net premium of Ps. 43 million for the following outstanding collar options to purchase foreign currency:
Maturity Date |  | Notional Amount |  |  | Fair Value Liability December 31, 2018 |  |  | Fair Value Asset December 31, 2018 |
2019 |  | Ps. | 1,734 |  |  | Ps. | (33 | ) |  | Ps. | 57 |
Disclosure of Outstanding Cross Currency Swap Agreements | At June 30, 2019, the Company had the following outstanding cross – currency swap agreements:
Maturity Date |  | Notional Amount |  |  | Fair Value Liability June 30, 2019 |  |  | Fair Value Asset June 30, 2019 |
2019 |  | Ps. | 4,615 |  |  | Ps. | — |  |  | Ps. | 502 |
2020 |  |  | 17,569 |  |  |  | (289 | ) |  |  | 554 |
2021 |  |  | 4,659 |  |  |  | — |  |  |  | 578 |
2022 |  |  | 391 |  |  |  | (7 | ) |  |  | 1 |
2023 |  |  | 23,654 |  |  |  | (783 | ) |  |  | 7,461 |
2024 |  |  | 695 |  |  |  | (39 | ) |  |  | — |
2026 |  |  | 803 |  |  |  | (167 | ) |  |  | — |
2027 |  |  | 6,709 |  |  |  | (401 | ) |  |  | — |
2029 |  |  | 1,527 |  |  |  | — |  |  |  | 18 |
2043 |  |  | 8,869 |  |  |  | — |  |  |  | 601 |
As of December 31, 2018, the Company had the following outstanding cross – currency swap agreements:
Maturity Date |  | Notional Amount |  |  | Fair Value Liability December 30, 2018 |  |  | Fair Value Asset December 31, 2018 |
2019 |  | Ps. | 4,738 |  |  | Ps. | — |  |  | Ps. | 502 |
2020 |  |  | 18,126 |  |  |  | (378 | ) |  |  | 1,015 |
2021 |  |  | 4,774 |  |  |  | — |  |  |  | 615 |
2023 |  |  | 396 |  |  |  | (7 | ) |  |  | — |
2026 |  |  | 23,948 |  |  |  | (396 | ) |  |  | 7,818 |
2027 |  |  | 813 |  |  |  | (154 | ) |  |  | — |
2028 |  |  | 6,889 |  |  |  | (42 | ) |  |  | 202 |
Disclosure of Fair Value of Commodity Price Contracts | As of June 30, 2019, Coca-Cola FEMSA had the following sugar price contracts:
Maturity Date |  | Notional Amount |  |  | Fair Value Asset June 30, 2019 |
2019 |  | Ps. | 971 |  |  | Ps. | (33 | )
2020 |  |  | 209 |  |  |  | 13 |
As of December 31, 2018, Coca-Cola FEMSA had the following sugar price contracts:
Maturity Date |  | Notional Amount |  |  | Fair Value Asset December 31, 2018 |
2019 |  | Ps. | 1,223 |  |  | Ps. | (88 | )
As of June 30, 2019, Coca-Cola FEMSA had the following aluminum price contracts:
Maturity Date |  | Notional Amount |  |  | Fair Value Asset June 30, 2019 |
2019 |  | Ps. | 398 |  |  | Ps. | (24 | )
2020 |  |  | 39 |  |  |  | (1 | )
As of December 31, 2018, Coca-Cola FEMSA had the following aluminum price contracts:
Maturity Date |  | Notional Amount |  |  | Fair Value Asset December 31, 2018 |
2019 |  | Ps. | 265 |  |  | Ps. | (17 | )
As of June 30, 2019, Coca-Cola FEMSA had the following PX+MEG contracts:
Maturity Date |  | Notional Amount |  |  | Fair Value Liability June 30, 2019 |
2019 |  | Ps. | 651 |  |  | Ps. | (110 | )
2020 |  |  | 165 |  |  |  | (28 | )
As of December 31, 2018, Coca-Cola FEMSA had the following PX+MEG contracts:
Maturity Date |  | Notional Amount |  |  | Fair Value Asset December 31, 2018 |
2019 |  | Ps. | 1,303 |  |  | Ps. | (131 | )

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