XML 44 R58.htm IDEA: XBRL DOCUMENT
v3.20.1

Financial Instruments (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2019
Statement [LineItems] |
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 December 31, 2019 and 2018:
|  | December 31, 2019 |  |  | December 31, 2018 |
|  | Level 1 |  |  | Level 2 |  |  | Level 1 |  |  | Level 2 |
Financial instrument (current asset) |  |  | 91 |  |  |  | 917 |  |  |  | — |  |  |  | 735 |
Financial instrument (non-current asset) |  |  | 2,880 |  |  |  | 21,570 |  |  |  | 2,680 |  |  |  | 10,752 |
Financial instrument (current liability) |  |  | 47 |  |  |  | 801 |  |  |  | 236 |  |  |  | 147 |
Financial instrument (non-current liability) |  |  | — |  |  |  | 1,672 |  |  |  | — |  |  |  | 1,262 |
Fair Value of Company's Publicly Traded Debt | The fair value of the Company’s publicly traded debt is based on quoted market prices as of December 31, 2018 and 2017, which is considered to be level 1 in the fair value hierarchy.
|  | 2019 |  |  | 2018 |
Carrying value |  | Ps. | 117,951 |  |  | Ps. | 128,664 |
Fair value |  |  | 124,038 |  |  |  | 128,741 |
Disclosure of Outstanding Interest Rate Swap Agreements | At December 31, 2019, the Company has the following outstanding interest rate swap agreements:
Maturity Date |  | Notional Amount |  |  | Fair Value Liability December 31, 2019 |  |  | Fair Value Asset December 31, 2019 |
2020 |  | Ps. | 4,365 |  |  | Ps. | (142) |  |  | Ps. | — |
2021 |  |  | 405 |  |  |  | (24 | ) |  |  | — |
2022 |  |  | 414 |  |  |  | (20 | ) |  |  | — |
2023 |  |  | 12,770 |  |  |  | (79 | ) |  |  | 245 |
2024 |  |  | 3 |  |  |  | — |  |  |  | — |
At 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 | At December 31, 2019, the Company had the following outstanding forward agreements to purchase foreign currency:
Maturity Date |  | Notional Amount |  |  | Fair Value Liability December 31, 2019 |  |  | Fair Value Asset December 31, 2019 |
2020 |  | Ps. | 8,447 |  |  | Ps. | (292) |  |  | Ps. | 34 |
2021 |  |  | 215 |  |  |  | — |  |  |  | 27 |
2022 |  |  | 52 |  |  |  | — |  |  | Ps. | 5 |
At 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 | At December 31, 2019, 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, 2019 |  |  | Fair Value Asset December 31, 2019 |
2020 |  | Ps. | 107 |  |  | Ps. | — |  |  | Ps. | 2 |
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 December 31, 2019, the Company had the following outstanding cross – currency swap agreements:
Maturity Date |  | Notional Amount |  |  | Fair Value Liability 2019 |  |  | Fair Value Asset December 31, 2019 |
2020 |  | Ps. | 17,252 |  |  | Ps. | (307) |  |  | Ps. | 883 |
2021 |  |  | 702 |  |  |  | — |  |  |  | 49 |
2022 |  |  | 375 |  |  |  | — |  |  |  | 3 |
2023 |  |  | 23,466 |  |  |  | (594 | ) |  |  | 7,122 |
2024 |  |  | 1,788 |  |  |  | (53 | ) |  |  | — |
2026 |  |  | 772 |  |  |  | (63 | ) |  |  | — |
2027 |  |  | 6,596 |  |  |  | (843 | ) |  |  | — |
2029 |  |  | 1,371 |  |  |  | — |  |  |  | 121 |
2043 |  |  | 8,869 |  |  |  | — |  |  |  | 576 |
At December 31, 2018, the Company had the following outstanding cross – currency swap agreements:
Maturity Date |  | Notional Amount |  |  | Fair Value Liability 2018 |  |  | Fair Value Asset December 31, 2018 |
2019 |  | Ps. | 4,738 |  |  | Ps. | — |  |  | Ps. | 502 |
2020 |  |  | 18,126 |  |  |  | (378 | ) |  |  | 1,015 |
2021 |  |  | 4,774 |  |  |  | — |  |  |  | 615 |
2022 |  |  | 396 |  |  |  | (7 | ) |  |  | — |
2023 |  |  | 23,948 |  |  |  | (396 | ) |  |  | 7,818 |
2026 |  |  | 813 |  |  |  | (154 | ) |  |  | — |
2027 |  |  | 6,889 |  |  |  | (42 | ) |  |  | 202 |
Disclosure of Fair Value of Commodity Price Contracts | At December 31, 2019, Coca-Cola FEMSA had the following sugar price contracts:
Maturity Date |  | Notional Amount |  |  | Fair Value Asset December 31 2019 |
2020 |  | Ps. | 1,554 |  |  | Ps. | 53 |
2021 |  | Ps. | 98 |  |  | Ps. | 15 |
At December 31, 2018, Coca-Cola FEMSA had the following sugar price contracts:
Maturity Date |  | Notional Amount |  |  | Fair Value Liability December 31 2018 |
2019 |  | Ps. | 1,223 |  |  | Ps. | (88 | )
At December 31, 2019, Coca-Cola FEMSA had the following aluminum price contracts:
Maturity Date |  | Notional Amount |  |  | Fair Value Asset December 31, 2019 |
2020 |  | Ps. | 394 |  |  | Ps. | 4 |
At December 31, 2018, Coca-Cola FEMSA had the following aluminum price contracts:
Maturity Date |  | Notional Amount |  |  | Fair Value Liability December 31, 2018 |
2019 |  | Ps. | 265 |  |  | Ps. | (17 | )
At December 31, 2019, Coca-Cola FEMSA had the following PX+MEG (resine) contracts:
Maturity Date |  | Notional Amount |  |  | Fair Value Liability December 31, 2019 |
2020 |  | Ps. | 320 |  |  | Ps. | (28) |
At December 31, 2018, Coca-Cola FEMSA had the following PX+MEG (resine) contracts:
Maturity Date |  | Notional Amount |  |  | Fair Value Liability December 31, 2018 |
2019 |  | Ps. | 1,303 |  |  | Ps. | (131) |
Disclosure of Detailed Information about Treasury Lock Contracts | At December 31, 2019, the Company had the following outstanding treasury locks agreements:
Maturity Date |  | Notional Amount |  |  | Fair Value Liability December 31, 2019 |  |  | Fair Value Asset December 31, 2019 |
2020 |  | Ps. | 10,365 |  |  | Ps. | — |  |  | Ps. | 102 |
Disclosure of Net Effects of Expired Contracts Met Hedging Criteria | Net effects of expired contracts that met hedging criteria
|  | Impact in Consolidated Income Statement |  |  | 2019 |  |  | 2018 |  |  | 2017 |
Cross currency swap (1) |  |  | Interest expense |  |  | Ps. | 199 |  |  | Ps. | 157 |  |  | Ps. | 2,102 |
Cross currency swap (1) |  |  | Foreign exchange |  |  |  | 480 |  |  |  | 642 |  |  |  | — |
Interest rate swaps |  |  | Interest expense |  |  |  | 515 |  |  |  | — |  |  |  | — |
Forward agreements to purchase foreign currency |  |  | Foreign exchange |  |  |  | (116) |  |  |  | (87) |  |  |  | (40 | )
Commodity price contracts |  |  | Cost of goods sold |  |  |  | (391 | ) |  |  | (258 | ) |  |  | (6 | )
Options to purchase foreign currency |  |  | Cost of goods sold |  |  |  | (63 | ) |  |  | (8 | ) |  |  | — |
Forward agreements to purchase foreign currency |  |  | Cost of goods sold |  |  |  | (163 | ) |  |  | 240 |  |  |  | 89 |
(1) | This amount corresponds to the settlement of cross currency swaps portfolio in Brazil presented as part of the other financial activities.
Disclosure of Net Effect of Changes in Fair Value of Derivative Financial Instruments Did Not Meet Hedging Criteria for Accounting Purposes | 21.10 Net effect of changes in fair value of derivative financial instruments that did not meet the hedging criteria for accounting purposes.
Derivative |  | Impact in Consolidated Income Statement |  | 2019 |  |  | 2018 |  |  | 2017 |
Forward agreements to purchase foreign currency |  | Market value gain (loss) on financial statements |  | Ps. | 4 |  |  | Ps. | (12 | ) |  | Ps. | 12 |
Cross currency swaps |  | Market value (loss) gain on financial statements |  | Ps. | (293 | ) |  |  | (116 | ) |  |  | 337 |
21.11 Net effect of expired contracts that did not meet the hedging criteria for accounting purposes
Type of Derivatives |  | Impact in Consolidated Income Statement |  | 2019 |  |  | 2018 |  |  | 2017 |
Cross-currency swaps |  | Market value loss on financial instruments |  | Ps. | (293 | ) |  | Ps. | (186 | ) |  | Ps. | (104 | )
Embedded derivatives |  | Market value gain on financial instruments |  |  | 4 |  |  |  | — |  |  |  | 1 |
Summary of Sensitivity Analysis of Interest Rate Risks Management | The following disclosures provide a sensitivity analysis of the interest rate risks management considered to be reasonably possible at the end of the reporting period, which the Company is exposed to as it relates to its fixed and floating rate borrowings, which it considers in its existing hedging strategy:
Interest Rate Swap (1) |  | Change in Bps. |  |  | Effect on Equity |
2019 |  |  |  |  |  |  |  |
FEMSA (2) |  |  | (100 Bps. | ) |  | Ps. | (432 | )
Coca-Cola FEMSA |  |  | (100 Bps. | ) |  |  | (37 | )
2018 |  |  |  |  |  |  |  |
FEMSA (2) |  |  | (100 Bps. | ) |  | Ps. | (359 | )
Coca-Cola FEMSA |  |  | (100 Bps. | ) |  |  | (1,976 | )
2017 |  |  |  |  |  |  |  |
FEMSA (2) |  |  | (100 Bps. | ) |  | Ps. | (452 | )
Coca-Cola FEMSA |  |  | (100 Bps. | ) |  |  | (234 | )
(1) | The sensitivity analysis effects include all subsidiaries of the Company.
(2) | Does not include Coca-Cola FEMSA.
Interest Effect of Unhedged Portion Bank Loans |  | 2019 |  |  | 2018 |  |  | 2017 |
Change in interest rate |  |  | +100 Bps. |  |  |  | +100 Bps. |  |  |  | +100 Bps. |
Effect on profit loss |  | Ps. | (50 | ) |  | Ps. | 145 |  |  | Ps. | (251 | )
Summary of Maturity Analysis for Non-derivative and Derivative Financial Liabilities | The amounts disclosed are undiscounted net cash outflows for the respective upcoming fiscal years, based on the earliest date on which the Company could be required to pay. Cash outflows for financial liabilities (including interest) without fixed amount or timing are based on economic conditions (like interest rates and foreign exchange rates) existing at December 31, 2019.
|  | 2020 |  |  | 2021 |  |  | 2022 |  |  | 2023 |  |  | 2024 |  |  | 2025 and thereafter |
Non-derivative financial liabilities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Notes and bonds |  | Ps. | 10,598 |  |  | Ps. | 1,130 |  |  | Ps. | 1,154 |  |  | Ps. | 29,446 |  |  | Ps. | 600 |  |  | Ps. | 44,328 |
Loans from Banks |  |  | 5,745 |  |  |  | 809 |  |  |  | 902 |  |  |  | 542 |  |  |  | 4,711 |  |  |  | — |
IFRS 16 lease obligation |  |  | 244 |  |  |  | 153 |  |  |  | 82 |  |  |  | 35 |  |  |  | 13 |  |  |  | — |
Derivative financial liabilities |  |  | 1,291 |  |  |  | 1,337 |  |  |  | 1,192 |  |  |  | (1,011 | ) |  |  | 671 |  |  |  | (7,314 | )
Summary of Financial Instruments to Hedge Exposure to Foreign Exchange Rates and Interest Rates | As of December 31, 2019, the Company’s financial instruments used to hedge its exposure to foreign exchange rates and interest rates as follows:
|  | Maturity |
|  | 1-6 months |  |  | 6-12 months |  |  | More than 12 |
Foreign exchange currency risk |  |  |  |  |  |  |  |  |  |  |  |
Foreign exchange currency forward contracts |  |  |  |  |  |  |  |  |  |  |  |
Net exposure |  |  | 4,373 |  |  |  | 2,086 |  |  |  | — |
Average exchange rate MXN/USD |  |  | 20.00 |  |  |  | 20.20 |  |  |  | — |
Net exposure |  |  | 746 |  |  |  | 378 |  |  |  | 267 |
Average exchange rate BRL/USD |  |  | 4.05 |  |  |  | 4.19 |  |  |  | 4.44 |
Net exposure |  |  | 220 |  |  |  | 85 |  |  |  | — |
Average exchange rate COP/USD |  |  | 3,491 |  |  |  | 3,460 |  |  |  | — |
Net exposure |  |  | 137 |  |  |  | — |  |  |  | — |
Average exchange rate ARS/USD |  |  | 79.23 |  |  |  | — |  |  |  | — |
Net exposure |  |  | 335 |  |  |  | 87 |  |  |  | — |
Average exchange rate URY/USD |  |  | 37.55 |  |  |  | 40.03 |  |  |  | — |
Foreign exchange currency option contracts |  |  |  |  |  |  |  |  |  |  |  |
Net exposure |  |  | 107 |  |  |  | — |  |  |  | — |
Average exchange rate COP/USD |  |  | 3,252 |  |  |  | — |  |  |  | — |
Foreign exchange currency swap contracts |  |  |  |  |  |  |  |  |  |  |  |
Net exposure |  |  | 9,423 |  |  |  | — |  |  |  | 18,428 |
Average exchange rate MXN/USD |  |  | 19.54 |  |  |  | — |  |  |  | 15.93 |
Net exposure |  |  | — |  |  |  | 4,365 |  |  |  | 9,140 |
Average exchange rate BRL/USD |  |  | — |  |  |  | 3.41 |  |  |  | 4.00 |
Net exposure |  |  | — |  |  |  | 84 |  |  |  | 1,195 |
Average exchange rate BRL/MXN |  |  | — |  |  |  | 0.21 |  |  |  | 0.21 |
Net exposure |  |  | — |  |  |  | — |  |  |  | 2,403 |
Average exchange rate COP/USD |  |  | — |  |  |  | — |  |  |  | 3,075 |
Net exposure |  |  | — |  |  |  | 3,007 |  |  |  | 1,371 |
Average exchange rate CLP/USD |  |  | — |  |  |  | 696.02 |  |  |  | 677.00 |
Interest rate risk |  |  |  |  |  |  |  |  |  |  |  |
Interest rate swaps |  |  |  |  |  |  |  |  |  |  |  |
Net exposure |  |  | — |  |  |  | 4,365 |  |  |  | — |
Interest rate average BRL |  |  | — |  |  |  | 8.34 | % |  |  | — |
Net exposure |  |  | — |  |  |  | — |  |  |  | 11,403 |
Interest rate average MXN |  |  | — |  |  |  | — |  |  |  | 7.17 | %
Net exposure |  |  | — |  |  |  | — |  |  |  | 2,197 |
Average exchange rate CLP |  |  | — |  |  |  | — |  |  |  | 6.26 | %
Commodities risk |  |  |  |  |  |  |  |  |  |  |  |
Aluminum |  |  | 276 |  |  |  | 118 |  |  |  | — |
Average price (USD/Ton) |  |  | 1,796 |  |  |  | 1,812 |  |  |  | — |
Sugar |  |  | 1,192 |  |  |  | 361 |  |  |  | 98 |
Average price (USD cent/Lb) |  |  | 13.09 |  |  |  | 12.73 |  |  |  | 13.45 |
PX+MEG |  |  | 160 |  |  |  | 160 |  |  |  | — |
Average price (USD /Ton) |  |  | 848 |  |  |  | 848 |  |  |  | — |
As of December 31, 2018, the Company’s financial instruments used to hedge its exposure to foreign exchange rates and interest rates as follows:
|  | Maturity |
|  | 1-6 months |  |  | 6-12 months |  |  | More than 12 |
Foreign exchange currency risk |  |  |  |  |  |  |  |  |  |  |  |
Foreign exchange currency forward contracts |  |  |  |  |  |  |  |  |  |  |  |
Net exposure |  | Ps. | 1,022 |  |  | Ps. | — |  |  | Ps. | — |
Average exchange rate MXN/EUR |  |  | 23.78 |  |  |  | — |  |  |  | — |
Net exposure |  |  | 3,484 |  |  |  | 683 |  |  |  | — |
Average exchange rate MXN/USD |  |  | 20.19 |  |  |  | 20.75 |  |  |  | — |
Net exposure |  |  | 805 |  |  |  | 337 |  |  |  | — |
Average exchange rate BRL/USD |  |  | 3.75 |  |  |  | 3.83 |  |  |  | — |
Net exposure |  |  | 429 |  |  |  | 63 |  |  |  | — |
Average exchange rate COP/USD |  |  | 2,851 |  |  |  | 2,976 |  |  |  | — |
Net exposure |  |  | 339 |  |  |  | — |  |  |  | — |
Average exchange rate ARS/USD |  |  | 43.31 |  |  |  | — |  |  |  | — |
Net exposure |  |  | 196 |  |  |  | 159 |  |  |  | — |
Average exchange rate URY/USD |  |  | 32.9 |  |  |  | 33.97 |  |  |  | — |
Foreign exchange currency swap contracts |  |  |  |  |  |  |  |  |  |  |  |
Net exposure |  |  | — |  |  |  | — |  |  |  | 31,172 |
Average exchange rate MXN/USD |  |  | — |  |  |  | — |  |  |  | 16.08 |
Net exposure |  |  | — |  |  |  | 4,652 |  |  |  | 18,042 |
Average exchange rate BRL/USD |  |  | — |  |  |  | 3.36 |  |  |  | 3.59 |
Net exposure |  |  | — |  |  |  | 86 |  |  |  | 79 |
Average exchange rate BRL/MXN |  |  | — |  |  |  | 0.18 |  |  |  | 0.19 |
Net exposure |  |  | — |  |  |  | — |  |  |  | 1,928 |
Average exchange rate COP/USD |  |  | — |  |  |  | — |  |  |  | 3,043.59 |
Net exposure |  |  | — |  |  |  | — |  |  |  | 3,725 |
Average exchange rate CLP/USD |  |  | — |  |  |  | — |  |  |  | 693.10 |
Interest rate risk |  |  |  |  |  |  |  |  |  |  |  |
Interest rate swaps |  |  |  |  |  |  |  |  |  |  |  |
Net exposure |  |  | — |  |  |  | 4,013 |  |  |  | 8,594 |
Interest rate average BRL |  |  | — |  |  |  | 6.29 | % |  |  | 8.15 | %
Net exposure |  |  | — |  |  |  | — |  |  |  | 11,403 |
Interest rate average MXN |  |  | — |  |  |  | — |  |  |  | 7.17 | %
Net exposure |  |  | 19 |  |  |  | — |  |  |  | 2,828 |
Average exchange rate CLP |  |  | 6.45 | % |  |  | — |  |  |  | 5.56 | %
Commodities risk |  |  |  |  |  |  |  |  |  |  |  |
Aluminum |  |  | 189 |  |  |  | 75,250 |  |  |  | — |
Average price (USD/Ton) |  |  | 1,975 |  |  |  | 1,986 |  |  |  | — |
Sugar |  |  | 725 |  |  |  | 498 |  |  |  | — |
Average price (USD cent/Lb) |  |  | 12.86 |  |  |  | 13.11 |  |  |  | — |
PX+MEG |  |  | 739 |  |  |  | 565 |  |  |  | — |
Average price (USD /Ton) |  |  | 1,077 |  |  |  | 1,040 |  |  |  | — |
Summary of Cash Flows Hedge Exposures | As of December 31, 2018, the Company maintained the following cash flows hedge exposures:
|  | Cash flow hedge reserve |  |  | Cash flow hedge costs |  |  | Remained balances of cash flow hedge reserve from which hedging accounting is not applied |
Foreign exchange currency risk |  |  |  |  |  |  |  |  |  |  |  |
Purchase of stock |  |  | 1 |  |  |  | 22 |  |  |  | — |
As of December 31, 2017, the Company maintained the following cash flows hedge exposures:
|  | Cash flow hedge reserve |  |  | Cash flow hedge costs |  |  | Remained balances of cash flow hedge reserve from which hedging accounting is not applied |
Foreign exchange currency risk |  |  |  |  |  |  |  |  |  |  |  |
Purchase of stock |  |  | — |  |  |  | 11 |  |  |  | — |
Reconciliation Per Category of Equity Components and Analysis of OCI Components, Net of Tax Generated by Cash Flow Hedges | As of December 31, 2019, a reconciliation per category of equity components and an analysis of OCI components, net of tax; generated by the cash flow hedges were as follows:
|  | Hedging reserve |  |  | Costs of hedging reserve |
Balances at beginning of the period |  | Ps. | 812 |  |  | Ps. | 12 |
Cash flows hedges |  |  |  |  |  |  |  |
Fair value changes: |  |  |  |  |  |  |  |
Foreign exchange currency risk – Purchase of stock |  |  | (333 | ) |  |  | (12 | )
Foreign exchange currency risk – Other stock |  |  | (6,202 | ) |  |  | — |
Interest rate risk |  |  | 5,327 |  |  |  | — |
The amounts included in non-financial costs: |  |  |  |  |  |  |  |
Taxes due to changes in reserves during the period |  |  | 363 |  |  |  | — |
Balances at the end of the period |  | Ps. | (33 | ) |  | Ps. | — |
Market risk [member] |
Statement [LineItems] |
Disclosure of Sensitivity Analysis of Market Risks Management | The following disclosures provide a sensitivity analysis of the market risks management considered to be reasonably possible at the end of the reporting period based on a stress test of the exchange rates according to an annualized volatility estimated with historic prices obtained for the underlying asset over a period of time, in the cases of derivative financial instruments related to foreign currency risk, which the Company is exposed to as it relates to in its existing hedging strategy:
Foreign Currency Risk |  | Change in Exchange Rate |  |  | Effect on Equity |
2019 |  |  |  |  |  |  |  |
FEMSA (1) |  |  | +9% MXN/EUR |  |  | Ps. | 57 |
|  |  | -9% MXN/EUR |  |  |  | (57 | )
|  |  | +13% BRL/USD |  |  |  | 202 |
|  |  | -13% BRL/USD |  |  |  | (202 | )
Coca-Cola FEMSA |  |  | +9% MXN/USD |  |  |  | 739 |
|  |  | -9% MXN/USD |  |  |  | (739 | )
|  |  | +13% BRL/USD |  |  |  | 155 |
|  |  | -13% BRL/USD |  |  |  | (155 | )
|  |  | +5% UYU/USD |  |  |  | 23 |
|  |  | -5% UYU/USD |  |  |  | (23 | )
|  |  | +10% COP/USD |  |  |  | 54 |
|  |  | -10% COP/USD |  |  |  | (54 | )
|  |  | +25% ARS/USD |  |  |  | 88 |
|  |  | -25% ARS/USD |  |  |  | (88 | )
2018 |  |  |  |  |  |  |  |
FEMSA (1) |  |  | +12 MXN/EUR |  |  | Ps. | 116 |
|  |  | -12% MXN/EUR |  |  |  | (116 | )
Coca-Cola FEMSA |  |  | +13% MXN/USD |  |  |  | 668 |
|  |  | -13% MXN/USD |  |  |  | (668 | )
|  |  | +16% BRL/USD |  |  |  | 413 |
|  |  | -16% BRL/USD |  |  |  | (413 | )
|  |  | +8% UYU/USD |  |  |  | 46 |
|  |  | -8% UYU/USD |  |  |  | (46 | )
|  |  | +12% COP/USD |  |  |  | 2 |
|  |  | -12% COP/USD |  |  |  | (2 | )
|  |  | +27% ARS/USD |  |  |  | 522 |
|  |  | -27% ARS/USD |  |  |  | (522 | )
2017 |  |  |  |  |  |  |  |
FEMSA (1) |  |  | +13% MXN/EUR |  |  | Ps. | 141 |
|  |  | -13% MXN/EUR |  |  |  | (141 | )
|  |  | +8% CLP/USD |  |  |  | 2 |
|  |  | -8% CLP/USD |  |  |  | (2 | )
Coca-Cola FEMSA |  |  | +12% MXN/USD |  |  |  | 626 |
|  |  | -12% MXN/USD |  |  |  | (626 | )
|  |  | +14% BRL/USD |  |  |  | 234 |
|  |  | -14% BRL/USD |  |  |  | (234 | )
|  |  | +9% COP/USD |  |  |  | 73 |
|  |  | -9% COP/USD |  |  |  | (73 | )
|  |  | +10% ARS/USD |  |  |  | 29 |
|  |  | -10% ARS/USD |  |  |  | (29 | )
(1) | Does not include Coca-Cola FEMSA.
Cross Currency Swaps (1) (2) |  | Change in Exchange Rate |  |  | Effect on Equity |  |  | Effect on Profit or Loss |
2019 |  |  |  |  |  |  |  |  |  |  |  |
FEMSA (3) |  |  | +11% CLP/USD |  |  | Ps. | — |  |  | Ps. | 546 |
|  |  | -11% CLP/USD |  |  |  | — |  |  |  | (546 | )
|  |  | +9% MXN/USD |  |  |  | — |  |  |  | 1,805 |
|  |  | -9% MXN/USD |  |  |  | — |  |  |  | (1,805 | )
|  |  | +10% COP/USD |  |  |  | — |  |  |  | 286 |
|  |  | -10% COP/USD |  |  |  | — |  |  |  | (286 | )
|  |  | +13% MXN/BRL |  |  |  | — |  |  |  | 177 |
|  |  | -13% MXN/BRL |  |  |  | — |  |  |  | (177 | )
Coca-Cola FEMSA |  |  | +9% MXN/USD |  |  |  | 2,315 |  |  |  | — |
|  |  | -9% MXN/USD |  |  |  | (2,315 | ) |  |  | — |
|  |  | +13% BRL/USD |  |  |  | 645 |  |  |  | — |
|  |  | -13% BRL/USD |  |  |  | (645 | ) |  |  | — |
2018 |  |  |  |  |  |  |  |  |  |  |  |
FEMSA (3) |  |  | +10% CLP/USD |  |  | Ps. | — |  |  | Ps. | 368 |
|  |  | -10% CLP/USD |  |  |  | — |  |  |  | (368 | )
|  |  | +13% MXN/USD |  |  |  | — |  |  |  | 2,706 |
|  |  | -13% MXN/USD |  |  |  | — |  |  |  | (2,706 | )
|  |  | +12% COP/USD |  |  |  | — |  |  |  | 283 |
|  |  | -12% COP/USD |  |  |  | — |  |  |  | (283 | )
|  |  | +15% MXN/BRL |  |  |  | — |  |  |  | 27 |
|  |  | -15% MXN/BRL |  |  |  | — |  |  |  | (27 | )
Coca-Cola FEMSA |  |  | +13% MXN/USD |  |  |  | 3,130 |  |  |  | — |
|  |  | -13% MXN/USD |  |  |  | (3,130 | ) |  |  | — |
|  |  | +16% BRL/USD |  |  |  | 9,068 |  |  |  | — |
|  |  | -16% BRL/USD |  |  |  | (9,068 | ) |  |  | — |
2017 |  |  |  |  |  |  |  |  |  |  |  |
FEMSA (3) |  |  | +8% CLP/USD |  |  | Ps. | — |  |  | Ps. | 373 |
|  |  | -8% CLP/USD |  |  |  | — |  |  |  | (373 | )
|  |  | +12% MXN/USD |  |  |  | — |  |  |  | 3,651 |
|  |  | -12% MXN/USD |  |  |  | — |  |  |  | (3,651 | )
|  |  | +9% COP/USD |  |  |  | — |  |  |  | 304 |
|  |  | -9% COP/USD |  |  |  | — |  |  |  | (304 | )
|  |  | +14% MXN/BRL |  |  |  | — |  |  |  | 23 |
|  |  | -14% MXN/BRL |  |  |  | — |  |  |  | (23 | )
Coca-Cola FEMSA |  |  | +12% MXN/USD |  |  |  | 3,540 |  |  |  | — |
|  |  | -12% MXN/USD |  |  |  | (3,540 | ) |  |  | — |
|  |  | +14% BRL/USD |  |  |  | 7,483 |  |  |  | — |
|  |  | -14% BRL/USD |  |  |  | (7,483 | ) |  |  | — |
(1) | The sensitivity analysis effects include all subsidiaries of the Company.
(2) | Includes the sensitivity analysis effects of all derivative financial instruments related to foreign exchange risk.
(3) | Does not include Coca-Cola FEMSA.
Net Cash in Foreign Currency (1) |  | Change in Exchange Rate |  |  | Effect on Profit or Loss |
2019 |  |  |  |  |  |  |  |
FEMSA (2) |  |  | +9% EUR/+9 % USD |  |  | Ps. | 3,833 |
|  |  | -9% EUR/ -9 % USD |  |  |  | (3,833 | )
Coca-Cola FEMSA |  |  | +8% USD |  |  |  | 940 |
|  |  | -8% USD |  |  |  | (940 | )
2018 |  |  |  |  |  |  |  |
FEMSA (2) |  |  | +12% EUR/+13 % USD |  |  | Ps. | 8,596 |
|  |  | -12% EUR/ -13 % USD |  |  |  | (8,596 | )
Coca-Cola FEMSA |  |  | f+13% USD |  |  |  | 1,868 |
|  |  | -13% USD |  |  |  | (1,868 | )
2017 |  |  |  |  |  |  |  |
FEMSA (2) |  |  | +13% EUR/+12% USD |  |  | Ps. | 8,077 |
|  |  | -13% EUR/ -12% USD |  |  |  | (8,077 | )
Coca-Cola FEMSA |  |  | +12% USD |  |  |  | 553 |
|  |  | -12% USD |  |  |  | (553 | )
(1) | The sensitivity analysis effects include all subsidiaries of the Company.
(2) | Does not include Coca-Cola FEMSA.
Commodity Price Contracts (1) |  | Change in U.S.$ Rate |  |  | Effect on Equity |
2019 |  |  |  |  |  |  |  |
Coca-Cola FEMSA |  |  | Sugar - 24 | % |  | Ps. | (255 | )
|  |  | Aluminum - 15 | % |  | Ps. | (1,164 | )
2018 |  |  |  |  |  |  |  |
Coca-Cola FEMSA |  |  | Sugar -30 | % |  | Ps. | (341 | )
|  |  | Aluminum - 22 | % |  | Ps. | (55 | )
2017 |  |  |  |  |  |  |  |
Coca-Cola FEMSA |  |  | Sugar - 30 | % |  | Ps. | (32 | )
(1) | Effects on commodity price contracts are only in Coca-Cola FEMSA.

X
- Definition The disclosure of cash flows hedge. + References No definition available. + Details
Name: | fmx_DisclosureOfCashFlowsHedgeExplanatory
Namespace Prefix: | fmx_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition The disclosure of cross currency swap contract. + References No definition available. + Details
Name: | fmx_DisclosureOfCrossCurrencySwapContractExplanatory
Namespace Prefix: | fmx_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Disclosure of detailed information about treasury lock contracts. + References No definition available. + Details
Name: | fmx_DisclosureOfDetailedInformationAboutTreasuryLockContractsTableTextBlock
Namespace Prefix: | fmx_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Disclosure of fair value of commodity price contracts. + References No definition available. + Details
Name: | fmx_DisclosureOfFairValueOfCommodityPriceContractsExplanatory
Namespace Prefix: | fmx_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition The disclosure of financial instruments to hedge exposure to foreign exchange rates and interest rate. + References No definition available. + Details
Name: | fmx_DisclosureOfFinancialInstrumentsToHedgeExposureToForeignExchangeRatesAndInterestRateExplanatory
Namespace Prefix: | fmx_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Disclosure of maturity analysis for non-derivative and derivative financial liabilities. + References No definition available. + Details
Name: | fmx_DisclosureOfMaturityAnalysisForNonderivativeAndDerivativeFinancialLiabilitiesExplanatory
Namespace Prefix: | fmx_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Disclosure of net effects of derivative financial instruments that did not met hedging criteria. + References No definition available. + Details
Name: | fmx_DisclosureOfNetEffectsOfDerivativeFinancialInstrumentsThatDidNotMetHedgingCriteriaExplanatory
Namespace Prefix: | fmx_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Disclosure of net effects of expired contracts that met hedging criteria. + References No definition available. + Details
Name: | fmx_DisclosureOfNetEffectsOfExpiredContractsThatMetHedgingCriteriaExplanatory
Namespace Prefix: | fmx_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Disclosure Of Outstanding Collar to Purchase Foreign Currency [text block] + References No definition available. + Details
Name: | fmx_DisclosureOfOutstandingCollarToPurchaseForeignCurrencyTextBlock
Namespace Prefix: | fmx_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Disclosure of outstanding forward agreements to purchase foreign currency. + References No definition available. + Details
Name: | fmx_DisclosureOfOutstandingForwardAgreementsToPurchaseForeignCurrencyExplanatory
Namespace Prefix: | fmx_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Disclosure of outstanding interest rate swap agreements. + References No definition available. + Details
Name: | fmx_DisclosureOfOutstandingInterestRateSwapAgreementsExplanatory
Namespace Prefix: | fmx_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Disclosure of reconciliation by risk category of components of equity and analysis of other comprehensive income items resulting from hedge accounting. + References No definition available. + Details
Name: | fmx_DisclosureOfReconciliationByRiskCategoryOfComponentsOfEquityAndAnalysisOfOtherComprehensiveIncomeItemsResultingFromHedgeAccountingExplanatory
Namespace Prefix: | fmx_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | fmx_StatementLineItems
Namespace Prefix: | fmx_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The disclosure of derivative financial instruments. [Refer: Derivatives [member]] + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Name IAS -Number 1 -IssueDate 2019-01-01 -Paragraph 10 -Subparagraph e -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&num=1&code=ifrs-tx-2019-en-r&anchor=para_10_e&doctype=Standard -URIDate 2019-03-27 + Details
Name: | ifrs-full_DisclosureOfDerivativeFinancialInstrumentsExplanatory
Namespace Prefix: | ifrs-full_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition The disclosure of financial liabilities classified as held for trading. [Refer: Financial liabilities] + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Name IAS -Number 1 -IssueDate 2019-01-01 -Paragraph 10 -Subparagraph e -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&num=1&code=ifrs-tx-2019-en-r&anchor=para_10_e&doctype=Standard -URIDate 2019-03-27 + Details
Name: | ifrs-full_DisclosureOfFinancialLiabilitiesHeldForTradingExplanatory
Namespace Prefix: | ifrs-full_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition The disclosure of information that enables users of financial statements to evaluate the nature and extent of risks arising from financial instruments to which the entity is exposed. [Refer: Financial instruments, class [member]] + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Name IFRS -Number 7 -IssueDate 2019-01-01 -Paragraph 31 -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IFRS&num=7&code=ifrs-tx-2019-en-r&anchor=para_31&doctype=Standard -URIDate 2019-03-27 + Details
Name: | ifrs-full_DisclosureOfNatureAndExtentOfRisksArisingFromFinancialInstrumentsExplanatory
Namespace Prefix: | ifrs-full_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition The explanation of the risk management strategy related to hedge accounting. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Name IFRS -Number 7 -IssueDate 2019-01-01 -Paragraph 22A -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IFRS&num=7&code=ifrs-tx-2019-en-r&anchor=para_22A&doctype=Standard -URIDate 2019-03-27 + Details
Name: | ifrs-full_ExplanationOfRiskManagementStrategyRelatedToHedgeAccountingExplanatory
Namespace Prefix: | ifrs-full_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Details
Name: | ifrs-full_TypesOfRisksAxis=ifrs-full_MarketRiskMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |