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Taxes (Tables) | 12 Months Ended
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Dec. 31, 2020
IFRS Text Block [Abstract] |
Summary of Major Components of Income Tax Expense |
|  | 2020 |  | 2019 |  | 2018
Current tax expense |  | Ps. | 18,690 |  | Ps. | 11,652 |  | Ps. | 10,480
Deferred tax expense (income): |  |  |  |  |  |  |  |  |
Origination and reversal of temporary differences |  |  | (5,824) |  |  | 127 |  |  | 491
Utilization (recognition) of tax losses, net |  |  | 1,994 |  |  | (1,201) |  |  | (927)
Change in the statutory rate |  |  | (41) |  |  | (102) |  |  | 125
Total deferred tax income expense |  |  | (3,871) |  |  | (1,176) |  |  | (311)
Total income taxes |  | Ps. | 14,819 |  | Ps. | 10,476 |  | Ps. | 10,169
Income Tax Expense/Benefit Recognized in Consolidated Statement of Other Comprehensive Income |
Income tax related to items charged or |  |  |  |  |  |  |  |  |
recognized directly in OCI during the period: |  | 2020 |  | 2019 |  | 2018
Unrealized gain (loss) on cash flow hedges |  | Ps. | 871 |  | Ps. | (391) |  | Ps. | (293)
Exchange differences on translation of foreign operations |  |  | 4,758 |  |  | (1,667) |  |  | (2,647)
Remeasurements of the net defined benefit liability |  |  | (208) |  |  | (371) |  |  | 287
Share of the other comprehensive income of equity accounted investees |  |  | (2,597) |  |  | 288 |  |  | 989
Total income tax benefit recognized in OCI |  | Ps. | 2,824 |  | Ps. | (2,141) |  | Ps. | (1,664)
Reconciliation Between Statutory and Actual Tax Rate |
|  | 2020 |  | 2019 |  | 2018 |
Mexican statutory income tax rate |  | 30.0 | % | 30.0 | % | 30.0 | %
Difference between book and tax inflationary values and translation effects |  | (5.1) | % | (2.2) | % | (4.0) | %
Annual inflation tax adjustment |  | 3.0 | % | 0.2 | % | (1.2) | %
Difference between statutory income tax rates |  | 1.0 | % | 0.9 | % | 1.8 | %
Non-deductible expenses |  | 3.8 | % | 4.5 | % | 3.2 | %
Taxable (non-taxable) income |  | 2.9 | % | (1.0) | % | (0.5) | %
Effect of changes in Argentina tax law |  | 0.1 | % | (0.3) | % | (0.9) | %
Others |  | (1.9) | % | (0.7) | % | 0.9 | %
Impairments (1) |  | 4.6 | % | 0.9 | % | 0.4 | %
Adjustments for previous tax years (2) |  | 30.3 | % | — | % | — | %
Income tax credit |  | (8.3) | % | — | % | — | %
Tax Loss (3) |  | 16.3 | % | 0.1 | % | 0.5 | %
Consolidated Effective income tax rate (4) |  | 76.7 | % | 32.4 | % | 30.2 | %
| (1) |  | Includes the impairments of Specialty's and Estrella Azul explained in Note 13 and 10, respectively.
| (2) |  | Related to an agreement with the Mexican tax authority, to resolve interpretative differences over foreign (non-Mexican) dividends received before 2020.
| (3) |  | Includes the adjustments in tax losses recognized during 2020 in Coca-Cola FEMSA.
| (4) |  | The effective income tax rate without the extraordinary effects occurred during 2020 is 33.8%.
Deferred Tax Assets and Liabilities |
|  | Consolidated Statement |  | Consolidated Statement
|  | of Financial Position as of |  | of Income
|  | December 31, 2020 |  | December 31, 2019 |  | 2020 |  | 2019 |  |  | 2018
Allowance for doubtful accounts |  | Ps. | (501) |  | Ps. | (437) |  | Ps. | (25) |  | Ps. | (43) |  | Ps. | 93
Inventories |  |  | (757) |  |  | 76 |  |  | 60 |  |  | (6) |  |  | (27)
Other current assets |  |  | 122 |  |  | 256 |  |  | (163) |  |  | 182 |  |  | (31)
Property, plant and equipment, net |  |  | (4,999) |  |  | (4,068) |  |  | (708) |  |  | (320) |  |  | (851)
Investments in equity accounted investees |  |  | (9,321) |  |  | (5,482) |  |  | (15) |  |  | 7 |  |  | 40
Other assets |  |  | (681) |  |  | 137 |  |  | (729) |  |  | 59 |  |  | (82)
Finite useful lived intangible assets |  |  | (181) |  |  | (111) |  |  | 129 |  |  | (345) |  |  | 627
Indefinite lived intangible assets |  |  | 9,316 |  |  | 10,788 |  |  | (261) |  |  | 1,220 |  |  | 758
Post-employment and other long-term employee benefits |  |  | (1,124) |  |  | (1,067) |  |  | (37) |  |  | (2) |  |  | (148)
Derivative financial instruments |  |  | (121) |  |  | (9) |  |  | (114) |  |  | (31) |  |  | (63)
Provisions |  |  | 1,135 |  |  | (1,216) |  |  | 142 |  |  | 1,359 |  |  | 1,122
Temporary non-deductible provision |  |  | (4,907) |  |  | (3,183) |  |  | (1,893) |  |  | (1,797) |  |  | (293)
Employee profit sharing payable |  |  | (371) |  |  | (430) |  |  | 64 |  |  | 8 |  |  | (27)
Tax loss carryforwards |  |  | (8,422) |  |  | (10,309) |  |  | 1,994 |  |  | (1,201) |  |  | (927)
Tax credits to recover (2) |  |  | (2,595) |  |  | (1,855) |  |  | (1,629) |  |  | (122) |  |  | (109)
Other comprehensive income (1) |  |  | 32 |  |  | (596) |  |  | 86 |  |  | 29 |  |  | (54)
Exchange differences on translation of foreign operations in OCI |  |  | 7,697 |  |  | 3,959 |  |  | — |  |  | — |  |  | —
Other liabilities |  |  | 717 |  |  | 533 |  |  | (440) |  |  | (3) |  |  | (324)
Right of use from leases, net |  |  | (1,049) |  |  | (561) |  |  | (532) |  |  | (577) |  |  | —
Deferred tax income |  |  |  |  |  |  |  | Ps. | (4,071) |  | Ps. | (1,583) |  | Ps. | (296)
Deferred tax income net recorded in share of the profit of equity accounted investees |  |  |  |  |  |  |  |  | 200 |  |  | 407 |  |  | (15)
Deferred tax income, net |  |  |  |  |  |  |  | Ps. | (3,871) |  | Ps. | (1,176) |  | Ps. | (311)
Deferred income taxes, net |  |  | (16,010) |  |  | (13,575) |  |  |  |  |  |  |  |  |
Deferred tax asset |  |  | (22,043) |  |  | (20,521) |  |  |  |  |  |  |  |  |
Deferred tax liability |  | Ps. | 6,033 |  | Ps. | 6,946 |  |  |  |  |  |  |  |  |
| (1) |  | Deferred tax related to derivative financial instruments and remeasurements of the net defined benefit liability.
| (2) |  | Corresponds to income tax credits arising from dividends received from foreign subsidiaries to be recovered within the next ten years accordingly to the Mexican Income Tax law as well as effects of the exchange of foreign currencies with a related and non-related parties.
Deferred Tax related to Other Comprehensive Income (AOCI) |
Income tax related to items charged or |  |  |  |  |  |
recognized directly in AOCI as of the year: |  | 2020 |  | 2019
Unrealized loss on derivative financial instruments |  | Ps. | 795 |  | Ps. | (36)
Remeasurements of the net defined benefit liability |  |  | (762) |  |  | (560)
Total deferred tax loss related to AOCI |  | Ps. | 33 |  | Ps. | (596)
Schedule of Changes in Net Deferred Income Tax Asset |
|  | 2020 |  | 2019 |  | 2018
Balance at the beginning of the period |  | Ps. | (13,575) |  | Ps. | (10,657) |  | Ps. | (9,720)
Deferred tax provision for the period |  |  | (3,871) |  |  | (1,176) |  |  | (311)
Deferred tax income net recorded in share of the profit of equity accounted investees |  |  | (404) |  |  | (406) |  |  | 165
Acquisition of subsidiaries |  |  | — |  |  | (382) |  |  | (316)
Effects in equity: |  |  |  |  |  |  |  |  |
Unrealized (gain) on cash flow hedges |  |  | 865 |  |  | (391) |  |  | (445)
Exchange differences on translation of foreign operations |  |  | 2,215 |  |  | (2,121) |  |  | (1,762)
Remeasurements of the net defined benefit liability |  |  | (256) |  |  | (204) |  |  | 543
Retained earnings of equity accounted investees |  |  | (32) |  |  | 384 |  |  | 54
Cash flow hedges in foreign investments |  |  | (1,020) |  |  | 425 |  |  | 310
Restatement effect of the period and beginning balances associated with hyperinflationary economies |  |  | 68 |  |  | 953 |  |  | 438
Disposal of subsidiaries |  |  | — |  |  | — |  |  | 387
Balance at the end of the period |  | Ps. | (16,010) |  | Ps. | (13,575) |  | Ps. | (10,657)
Schedule of Tax Loss Carryforwards |
|  | Tax Loss
Year |  | Carryforwards
2021 |  | Ps. | 35
2022 |  |  | 50
2023 |  |  | 26
2024 |  |  | 69
2025 |  |  | 872
2026 |  |  | 1,884
2027 |  |  | 52
2028 |  |  | 2,683
2029 |  |  | 3,535
2030 and thereafter |  |  | 2,303
No expiration (Brazil and Colombia) |  |  | 15,109
|  | Ps. | 26,618
Summary of Changes in the Balance of Tax Loss Carryforwards |
|  | 2020 |  | 2019
Balance at beginning of the period |  | Ps. | 32,536 |  | Ps. | 29,941
Derecognized |  |  | (8,521) |  |  | (377)
Additions |  |  | 7,538 |  |  | 7,194
Usage of tax losses |  |  | (2,444) |  |  | (2,947)
Translation effect of beginning balances |  |  | (2,491) |  |  | (1,275)
Balance at end of the period |  | Ps. | 26,618 |  | Ps. | 32,536

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