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Employee Benefits (Tables) | 12 Months Ended
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Dec. 31, 2020
IFRS Text Block [Abstract] |
Summary of Actuarial Assumptions | Actuarial calculations for pension and retirement plans, seniority premiums and post-retirement medical benefits, as well as the associated cost for the period, were determined using the following long-term assumptions for Mexico:
|  | December 31, |  | December 31, |  | December 31, |
Mexico |  | 2020 |  | 2019 |  | 2018 |
Financial: |  |  |  |  |  |  |
Discount rate used to calculate the defined benefit obligation |  | 7.20 | % | 7.50 | % | 9.40 | %
Salary increase |  | 4.50 | % | 4.50 | % | 4.60 | %
Future pension increases |  | 3.50 | % | 3.50 | % | 3.60 | %
Healthcare cost increase rate |  | 5.10 | % | 5.10 | % | 5.10 | %
Biometric: |  |  |  |  |  |  |
Mortality (1) |  | EMSSA 2009 |  | EMSSA 2009 |  | EMSSA 2009 |
Disability (2) |  | IMSS‑97 |  | IMSS‑97 |  | IMSS‑97 |
Normal retirement age |  | 60 years |  | 60 years |  | 60 years |
Employee turnover table (3) |  | BMAR 2007 |  | BMAR 2007 |  | BMAR 2007 |
Measurement date December:
| (1) |  | EMSSA. Mexican Experience of social security.
| (2) |  | IMSS. Mexican Experience of Instituto Mexicano del Seguro Social.
| (3) |  | BMAR. Actuary experience.
Summary of Defined Benefit Plan Expected Future Benefit Payments | Based on these assumptions, the amounts of benefits expected to be paid out in the following years are as follows:
|  | Pension and |  |  |  | Post-Retirement |  |  |
|  | Retirement |  | Seniority |  | Medical |  |  |
|  | Plans |  | Premiums |  | Services |  | Total
2021 |  | Ps. | 702 |  | Ps. | 198 |  | Ps. | 26 |  | Ps. | 926
2022 |  |  | 335 |  |  | 168 |  |  | 28 |  |  | 531
2023 |  |  | 384 |  |  | 168 |  |  | 29 |  |  | 581
2024 |  |  | 398 |  |  | 170 |  |  | 31 |  |  | 599
2025 |  |  | 496 |  |  | 176 |  |  | 33 |  |  | 705
2026 to 2030 |  |  | 3,118 |  |  | 791 |  |  | 199 |  |  | 4,108
Summary of Balances of the Liabilities for Employee Benefits |
|  | December 31, |  | December 31,
|  | 2020 |  | 2019
Pension and Retirement Plans: |  |  |  |  |  |
Defined benefit obligation |  | Ps. | 7,679 |  | Ps. | 7,193
Pension plan funds at fair value |  |  | (2,788) |  |  | (2,678)
Net defined benefit liability |  | Ps. | 4,891 |  | Ps. | 4,515
Seniority Premiums: |  |  |  |  |  |
Defined benefit obligation |  | Ps. | 1,763 |  | Ps. | 1,237
Seniority premium plan funds at fair value |  |  | (137) |  |  | (127)
Net defined benefit liability |  | Ps. | 1,626 |  | Ps. | 1,110
Postretirement Medical Services: |  |  |  |  |  |
Defined benefit obligation |  | Ps. | 812 |  | Ps. | 797
Medical services funds at fair value |  |  | (76) |  |  | (75)
Net defined benefit liability |  | Ps. | 736 |  | Ps. | 722
Total Employee Benefits |  | Ps. | 7,253 |  | Ps. | 6,347
Summary of Trust Assets | Trust assets consist of fixed and variable return financial instruments recorded at fair value (Level 1), which are invested as follows:
|  | December 31, | December 31, |
|  | 2020 | 2019 |
Fixed return: |  |  |  |  |
Traded securities |  | 27 | % | 9 | %
Bank instruments |  | 9 | % | 23 | %
Federal government instruments of the respective countries |  | 29 | % | 33 | %
Variable return: |  |  |  |  |
Publicly traded shares |  | 35 | % | 35 | %
|  | 100 | % | 100 | %
Summary of Amounts and Types of Securities in Related Parties Included in Portfolio Fund | In Mexico, the amounts and types of securities of the Company in related parties included in portfolio fund are as follows:
|  | December 31, |  | December 31,
|  | 2020 |  | 2019
Debt: |  |  |  |  |  |
El Puerto de Liverpool, S.A.B. de C.V. |  | Ps. | 30 |  | Ps. | 30
Grupo Industrial Bimbo, S.A.B. de C. V. |  |  | 5 |  |  | 31
BBVA Bancomer, S.A de C.V. |  |  | 10 |  |  | 20
Grupo Financiero Banorte, S.A.B. de C.V. |  |  | — |  |  | 8
Grupo Financiero Scotiabank Inverlat, S.A. de C.V. |  |  | 10 |  |  | 10
Equity: |  |  |  |  |  |
CEMEX, S.A.B. de C.V. |  |  | 8 |  |  | 12
Grupo Financiero Banorte, S.A.B. de C.V. |  |  | 8 |  |  | 1
Alfa, S.A.B. de C.V. |  |  | 3 |  |  | 6
El Puerto de Liverpool, S.A.B. de C.V. |  |  | — |  |  | 2
Grupo Aeroportuario del Suereste, S.A.B. de C.V. |  |  | 2 |  |  | —
Others |  |  | 4 |  |  | 3
Summary of Amount Recognized in Consolidated Income Statements and Consolidated Statements of Comprehensive Income |
|  | Income Statement |  | AOCI (1)
|  |  |  |  |  | Gain or |  | Net Interest on |  |
|  |  |  |  |  | Loss on |  | the Net Defined |  | Remeasurements
|  | Current |  | Past Service |  | Settlement or |  | Benefit |  | of the Net Defined
December 31, 2020 |  | Service Cost |  | Cost |  | Curtailment |  | Liability |  | Benefit Liability
Pension and retirement plans |  | Ps. | 372 |  | Ps. | 73 |  | Ps. | — |  | Ps. | 305 |  | Ps. | 2,024
Seniority premiums |  |  | 239 |  |  | — |  |  | — |  |  | 91 |  |  | 483
Postretirement medical services |  |  | 44 |  |  | — |  |  | — |  |  | 54 |  |  | 342
Total |  | Ps. | 656 |  | Ps. | 73 |  | Ps. | — |  | Ps. | 450 |  | Ps. | 2,849
December 31, 2019 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Pension and retirement plans |  | Ps. | 279 |  | Ps. | (45) |  | Ps. | 2 |  | Ps. | 290 |  | Ps. | 1,608
Seniority premiums |  |  | 139 |  |  | 161 |  |  | — |  |  | 57 |  |  | 162
Postretirement medical services |  |  | 15 |  |  | — |  |  | — |  |  | 32 |  |  | 396
Total |  | Ps. | 433 |  | Ps. | 116 |  | Ps. | 2 |  | Ps. | 379 |  | Ps. | 2,166
|  |  |  |  |  | Gain or |  | Net Interest on |  |
|  |  |  |  |  | Loss on |  | the Net Defined |  | Remeasurements
|  | Current |  | Past Service |  | Settlement or |  | Benefit |  | of the Net Defined
December 31, 2018 |  | Service Cost |  | Cost |  | Curtailment |  | Liability |  | Benefit Liability
Pension and retirement plans |  | Ps. | 318 |  | Ps. | — |  | Ps. | (5) |  | Ps. | 304 |  | Ps. | 668
Seniority premiums |  |  | 125 |  |  | — |  |  | (8) |  |  | 49 |  |  | (63)
Postretirement medical services |  |  | 25 |  |  | — |  |  | (1) |  |  | 34 |  |  | 41
Total |  | Ps. | 468 |  | Ps. | — |  | Ps. | (14) |  | Ps. | 387 |  | Ps. | 646
| (1) |  | Amounts accumulated in other comprehensive income as of the end of the period.
Summary of Remeasurements of Net Defined Benefit Liability Recognized in Accumulated Other Comprehensive Income | Remeasurements of the net defined benefit liability recognized in accumulated other comprehensive income are as follows:
|  | December 31, |  | December 31, |  | December 31,
|  | 2020 |  | 2019 |  | 2018
Amount accumulated in other comprehensive income as of the beginning of the period, net of tax |  | Ps. | 1,624 |  | Ps. | 475 |  | Ps. | 892
Actuarial (gains) arising from exchange rates |  |  | (6) |  |  | (30) |  |  | (21)
Remeasurements during the year, net of tax |  |  | 312 |  |  | 100 |  |  | 221
Actuarial losses and (gains) arising from changes in financial assumptions |  |  | 139 |  |  | 1,071 |  |  | (617)
Actuarial losses and (gains) arising from changes in demographic assumptions |  |  | 27 |  |  | — |  |  | —
Effect on settlement |  |  | 3 |  |  | 8 |  |  | —
Amount accumulated in other comprehensive income as of the end of the period, net of tax |  | Ps. | 2,099 |  | Ps. | 1,624 |  | Ps. | 475
Summary of Changes in the Balance of the Defined Benefit Obligation for Post-employment |
|  | December 31, |  | December 31, |  | December 31,
|  | 2020 |  | 2019 |  | 2018
Pension and Retirement Plans: |  |  |  |  |  |  |  |  |
Initial balance |  | Ps. | 7,193 |  | Ps. | 6,189 |  | Ps. | 7,370
Current service cost |  |  | 372 |  |  | 279 |  |  | 318
Past service (credit) cost |  |  | 73 |  |  | (45) |  |  | —
Interest expense |  |  | 506 |  |  | 530 |  |  | 484
Settlement / Curtailment |  |  | — |  |  | 2 |  |  | (5)
Remeasurements of the net defined benefit obligation |  |  | 326 |  |  | 859 |  |  | (740)
Foreign exchange loss (gain) |  |  | 37 |  |  | (69) |  |  | (86)
Benefits paid |  |  | (828) |  |  | (582) |  |  | (450)
(Derecognition) acquisitions |  |  | — |  |  | 30 |  |  | (702)
Ending balance |  | Ps. | 7,679 |  | Ps. | 7,193 |  | Ps. | 6,189
Seniority Premiums: |  |  |  |  |  |  |  |  |
Initial balance |  | Ps. | 1,237 |  | Ps. | 772 |  | Ps. | 783
Current service cost |  |  | 239 |  |  | 139 |  |  | 125
Past service cost |  |  | — |  |  | 161 |  |  | —
Interest expense |  |  | 101 |  |  | 68 |  |  | 57
Settlement |  |  | 13 |  |  | — |  |  | (8)
Remeasurements of the net defined benefit obligation |  |  | 309 |  |  | 230 |  |  | (115)
Benefits paid |  |  | (136) |  |  | (133) |  |  | (77)
Acquisitions |  |  | — |  |  | — |  |  | 7
Ending balance |  | Ps. | 1,763 |  | Ps. | 1,237 |  | Ps. | 772
Postretirement Medical Services: |  |  |  |  |  |  |  |  |
Initial balance |  | Ps. | 797 |  | Ps. | 418 |  | Ps. | 524
Current service cost |  |  | 44 |  |  | 15 |  |  | 25
Interest expense |  |  | 61 |  |  | 38 |  |  | 39
Curtailment / Settlement |  |  | — |  |  | — |  |  | (1)
Remeasurements of the net defined benefit obligation |  |  | (59) |  |  | 356 |  |  | (143)
Benefits paid |  |  | (31) |  |  | (30) |  |  | (26)
Ending balance |  | Ps. | 812 |  | Ps. | 797 |  | Ps. | 418
Summary of Changes in the Balance of Plan Assets |
|  | December 31, |  | December 31, |  | December 31,
|  | 2020 |  | 2019 |  | 2018
Total Plan Assets: |  |  |  |  |  |  |  |  |
Initial balance |  | Ps. | 2,880 |  | Ps. | 2,680 |  | Ps. | 3,304
Actual return on trust assets |  |  | 113 |  |  | 174 |  |  | 47
Foreign exchange loss (gain) |  |  | 3 |  |  | 2 |  |  | (1)
Life annuities |  |  | 5 |  |  | 24 |  |  | 35
Benefits paid |  |  | — |  |  | — |  |  | (1)
(Derecognition) acquisitions |  |  | — |  |  | — |  |  | (704)
Ending balance |  | Ps. | 3,001 |  | Ps. | 2,880 |  | Ps. | 2,680
Summary of Amount of Defined Benefit Plan Expense and OCI Impact in Absolute Terms of Variation on Net Defined Benefit Liability | The following table presents the amount of defined benefit plan expense and OCI impact in absolute terms of a variation of 1% in the assumptions on the net defined benefit liability associated with the Company’s defined benefit plans. The sensitivity of this 1% on the significant actuarial assumptions is based on a projected long-term discount rates for Mexico and a yield curve projection of long-term Mexican government bonds - CETES:
+1%: |  | Income Statement |  | OCI(1)
|  |  |  |  | Gain or |  | Effect of Net |  | Remeasurements
Discount rate used to calculate the defined benefit |  |  |  |  | Loss on |  | Interest on the Net |  | of the Net Defined
obligation and the net interest on the net defined |  | Current |  | Settlement or |  | Defined Benefit |  | Benefit Liability
benefit liability |  | Service Cost |  | Curtailment |  | Liability (Asset) |  | (Asset)
Pension and retirement plans |  | Ps. | 400 |  | Ps. | — |  | Ps. | 237 |  | Ps. | 1,784
Seniority premiums |  |  | 223 |  |  | — |  |  | 80 |  |  | 432
Postretirement medical services |  |  | 40 |  |  | — |  |  | 47 |  |  | 290
Total |  | Ps. | 663 |  | Ps. | — |  | Ps. | 364 |  | Ps. | 2,506
Expected salary increase |  |  |  |  |  |  |  |  |  |  |  |
Pension and retirement plans |  | Ps. | 466 |  | Ps. | — |  | Ps. | 339 |  | Ps. | 1,984
Seniority premiums |  |  | 241 |  |  | — |  |  | 93 |  |  | 514
Seniority premiums |  |  | 44 |  |  | — |  |  | 54 |  |  | 342
Total |  | Ps. | 751 |  | Ps. | — |  | Ps. | 486 |  | Ps. | 2,840
Assumed rate of increase in healthcare costs |  |  |  |  |  |  |  |  |  |  |  |
Postretirement medical services |  | Ps. | 52 |  | Ps. | — |  | Ps. | 64 |  | Ps. | 375
-1%: |  |  |  |  |  |  |  |  |  |  |  |
|  |  |  |  | Gain or |  | Effect of Net |  | Remeasurements
Discount rate used to calculate the defined benefit |  |  |  |  | Loss on |  | Interest on the Net |  | of the Net Defined
obligation and the net interest on the net defined |  | Current |  | Settlement or |  | Defined Benefit |  | Benefit Liability
benefit liability |  | Service Cost |  | Curtailment |  | Liability (Asset) |  | (Asset)
Pension and retirement plans |  | Ps. | 458 |  | Ps. | — |  | Ps. | 366 |  | Ps. | 2,025
Seniority premiums |  |  | 257 |  |  | — |  |  | 99 |  |  | 521
Postretirement medical services |  |  | 50 |  |  | — |  |  | 62 |  |  | 364
Total |  | Ps. | 765 |  | Ps. | — |  | Ps. | 527 |  | Ps. | 2,910
Expected salary increase |  |  |  |  |  |  |  |  |  |  |  |
Pension and retirement plans |  | Ps. | 396 |  | Ps. | — |  | Ps. | 265 |  | Ps. | 1,820
Seniority premiums |  |  | 235 |  |  | — |  |  | 90 |  |  | 432
Total |  | Ps. | 631 |  | Ps. | — |  | Ps. | 355 |  | Ps. | 2,252
Assumed rate of increase in healthcare costs |  |  |  |  |  |  |  |  |  |  |  |
Postretirement medical services |  | Ps. | 38 |  | Ps. | — |  | Ps. | 45 |  | Ps. | 276
| (1) |  | Amounts accumulated in other comprehensive income as of the end of the period.
Summary of Employee Benefit Expenses Recognized in Consolidated Income Statements | For the years ended December 31, 2020, 2019 and 2018, employee benefits expenses recognized in the consolidated income statements as cost of goods sold, administrative and selling expenses are as follows:
|  | 2020 |  | 2019 |  | 2018
Wages and salaries |  | Ps. | 68,312 |  | Ps. | 64,776 |  | Ps. | 58,745
Social security costs |  |  | 11,595 |  |  | 11,494 |  |  | 10,486
Employee profit sharing |  |  | 1,112 |  |  | 1,205 |  |  | 1,294
Post-employment benefits |  |  | 1,002 |  |  | 795 |  |  | 842
Share-based payments |  |  | 575 |  |  | 200 |  |  | 405
Termination benefits |  |  | 201 |  |  | 169 |  |  | 132
|  | Ps. | 82,797 |  | Ps. | 78,639 |  | Ps. | 71,904

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