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Financial Instruments (Tables)

12 Months Ended

Dec. 31, 2020

Statement [Line Items]

Disclosure of financial instruments at fair value through profit or loss [text block]

		December 31, 2020				December 31, 2019
		Level 1		Level 2		Level 1		Level 2
Financial instrument (current asset)		488		85		91		917
Financial instrument (non-current asset)		3,002		31,069		2,880		21,570
Financial instrument (current liability)		83		1,045		47		801
Financial instrument (non-current liability)		—		3,743		—		1,672

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, 2020 and 2019, which is considered to be level 1 in the fair value hierarchy.

		2020			2019
Carrying value		Ps.	188,665		Ps.	117,951
Fair value			208,134			124,038

Disclosure of Outstanding Interest Rate Swap Agreements

At December 31, 2020, the Company has the following outstanding interest rate swap agreements:

		Notional			Fair Value Liability			Fair Value Asset
Maturity Date		Amount			December 31, 2020			December 31, 2020
2021		Ps.	449		Ps.	(6)		Ps.	—
2022			458			(16)			—
2023			12,918			(492)			—
2024			2,294			(126)			—

At December 31, 2019, the Company has the following outstanding interest rate swap agreements:

		Notional			Fair Value Liability			Fair Value Asset
Maturity Date		Amount			December 31, 2019			December 31, 2019
2020		Ps.	4,365		Ps.	(142)		Ps.	—
2021			405			(24)			—
2022			414			(20)			—
2023			12,770			(79)			245
2024			3			—			—

Disclosure of Outstanding Forward Agreements to Purchase Foreign Currency

At December 31, 2020, the Company had the following outstanding forward agreements to purchase foreign currency:

		Notional			Fair Value Liability			Fair Value Asset
Maturity Date		Amount			December 31, 2020			December 31, 2020
2021		Ps.	9,042		Ps.	(1,040)		Ps.	4
2022			66			(41)			—
2023			23			(2)			—
2024			2			—			—

At December 31, 2019, the Company had the following outstanding forward agreements to purchase foreign currency:

		Notional			Fair Value Liability			Fair Value Asset
Maturity Date		Amount			December 31, 2019			December 31, 2019
2020		Ps.	8,447		Ps.	(292)		Ps.	34
2021			215			—			27
2022			52			—			5

Summary of Outstanding Collar 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:

		Notional			Fair Value Liability			Fair Value Asset
Maturity Date		Amount			December 31, 2019			December 31, 2019
2020		Ps.	107		Ps.	—		Ps.	2

Disclosure of Outstanding Cross Currency Swap Agreements

At December 31, 2020, the Company had the following outstanding cross – currency swap agreements:

		Notional			Fair Value Liability			Fair Value Asset
Maturity Date		Amount			December 31, 2020			December 31, 2020
2021		Ps.	4,575		Ps.	(5)		Ps.	169
2022			376			—			23
2023			24,103			—			10,808
2024			1,577			(9)			264
2025			10,750			(2,481)			—
2027			6,982			(464)			80
2029			1,519			—			122
2030			3,790			(107)			192
2043			8,869			—			2,706

At December 31, 2019, the Company had the following outstanding cross – currency swap agreements:

		Notional			Fair Value Liability			Fair Value Asset
Maturity Date		Amount			December 31, 2019			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

Disclosure of Fair Value of Commodity Price Contracts

At December 31, 2020, Coca-Cola FEMSA had the following sugar price contracts:

		Notional			Fair Value Liability			Fair Value Asset
Maturity Date		Amount			December 31, 2020			December 31, 2020
2021		Ps.	1,260		Ps.	(18)		Ps.	275
2022			366			—			70

At December 31, 2019, Coca-Cola FEMSA had the following sugar price contracts:

		Notional			Fair Value Asset
Maturity Date		Amount			December 31, 2019
2020		Ps.	1,554		Ps.	53
2021			98			15

At December 31, 2020, Coca-Cola FEMSA had the following aluminum price contracts:

					Fair Value Asset
		Notional			December 31,
Maturity Date		Amount			2020
2021		Ps.	695		Ps.	125
2022			99			17

At December 31, 2019, Coca-Cola FEMSA had the following aluminum price contracts:

					Fair Value Liability
		Notional			December 31,
Maturity Date		Amount			2019
2020		Ps.	394		Ps.	4

At December 31, 2020, Coca-Cola FEMSA had the following PX+MEG (resine) contracts:

					Fair Value Liability
		Notional			December 31,
Maturity Date		Amount			2020
2021		Ps.	729		Ps.	(65)

At December 31, 2019, Coca-Cola FEMSA had the following PX+MEG (resine) contracts:

					Fair Value Liability
		Notional			December 31,
Maturity Date		Amount			2019
2020		Ps.	320		Ps.	(28)

Disclosure of Detailed Information about Treasury Lock Contracts

At December 31, 2019, the Company had the following outstanding treasury locks agreements:

					Fair Value Liability			Fair Value Asset
		Notional			December 31,			December 31,
Maturity Date		Amount			2020			2020
2020		Ps.	10,365		Ps.	—		Ps.	102

Disclosure of Net Effects of Expired Contracts Met Hedging Criteria

10 Net effects of expired contracts that met hedging criteria

		Impact in Consolidated
		Income Statement		2020			2019			2018
Cross currency swaps (1)		Interest expense		Ps.	(109)		Ps.	199		Ps.	157
Cross currency swaps (1)		Foreign exchange			1,212			480			642
Interest rate swaps		Interest expense			(163)			515			—
Forward agreements to purchase foreign currency		Foreign exchange			(167)			(116)			(87)
Commodity price contracts		Cost of goods sold			(129)			(391)			(258)
Options to purchase foreign currency		Cost of goods sold			8			(63)			(8)
Forward agreements to purchase foreign currency		Cost of goods sold			839			(163)			240
Treasury locks		Interest expense			153			—			—

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

21.11 Net effect of changes in fair value of derivative financial instruments that did not meet the hedging criteria for accounting purposes.

		Impact in Consolidated
Derivative		Income Statement		2020			2019			2018
Forward agreements to purchase foreign currency		Market value gain (loss) on financial statements		Ps.	—		Ps.	4		Ps.	(12)
Cross currency swaps		Market value (loss) on financial statements			(212)			(293)			(116)

21.12 Net effect of expired contracts that did not meet the criteria for hedge accounting purposes

		Impact in Consolidated
Type of Derivatives		Income Statement		2020			2019			2018
Cross-currency swaps		Market value loss on financial instruments		Ps.	(212)		Ps.	(293)		Ps.	(186)
Embedded derivatives		Market value gain on financial instruments			—			4			—

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:

		Change in
Interest Rate Swap (1)		Bps.		Effect on Equity
2020
FEMSA (2)		(100 Bps.)		Ps.	(354)
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)

(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		2020			2019			2018
Change in interest rate			+100 Bps.			+100 Bps.			+100 Bps.
Effect on profit loss		Ps.	(110)		Ps.	(50)		Ps.	(145)

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, 2020.

																	2026 and
		2021			2022			2023			2024			2025			thereafter
Non-derivative financial liabilities:
Notes and bonds		Ps.	5,646		Ps.	4,981		Ps.	45,553		Ps.	2,746		Ps.	4,306		Ps.	191,771
Loans from Banks			6,605			1,310			558			2,825			3,772			5,640
IFRS 16 lease obligation			89			53			38			31			24			—
Derivative financial liabilities			1,621			1,472			(3,700)			1,185			2,546			(10,457)

Summary of Financial Instruments to Hedge Exposure to Foreign Exchange Rates and Interest Rates

As of December 31, 2020, 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		2,887		1,892		2
Average exchange rate MXN/USD		23.26		23.46		20.01
Net exposure		910		601		43
Average exchange rate BRL/USD		5.33		5.20		4.53
Net exposure		511		212		—
Average exchange rate COP/USD		3,750		3,740		—
Net exposure		96		—		—
Average exchange rate ARS/USD		92.97		—		—
Net exposure		225		58		—
Average exchange rate URY/USD		45.92		45.69		—
Foreign exchange currency swap contracts
Net exposure		—		—		44,107
Average exchange rate MXN/USD		—		—		14.70
Net exposure		58		—		9,652
Average exchange rate BRL/USD		5.15		—		4.00
Net exposure		—		71		981
Average exchange rate BRL/MXN		—		0.26		0.26
Net exposure		404		709		1,688
Average exchange rate COP/USD		3,454		2,992		3,296
Net exposure		—		3,333		1,519
Average exchange rate CLP/USD		—		696.02		677.00
Interest rate risk
Interest rate swaps
Net exposure		—		—		11,403
Interest rate average MXN		—		—		7.17	%
Net exposure		—		—		4,716
Interest rate average CLP		—		—		4.95	%
Commodities risk
Aluminum		325		370		99
Average price (USD/Ton)		1,654		1,720		1,740
Sugar		869		391		365
Average price (USD cent/Lb)		12.13		11.87		12.17
PX+MEG		364		364		—
Average price (USD /Ton)		730		730		—

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		Ps.	4,373		Ps.	2,086		Ps.	—
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
Interest rate average 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			—

Reconciliation Per Category of Equity Components and Analysis of OCI Components, Net of Tax Generated by Cash Flow Hedges

		Hedging			Costs of hedging
		reserve			reserve
Balances at beginning of the period		Ps.	431		Ps.	—
Cash flows hedges
Fair value changes:
Foreign exchange currency risk – Purchase of stock			82			—
Foreign exchange currency risk – Other stock			(626)			—
Interest rate risk			2,991			—
The amounts included in non-financial costs:
Taxes due to changes in reserves during the period			12			—
Balances at the end of the period		Ps.	2,890		Ps.	—

Schedule of Reconciliation of Each Component of Equity and Analysis of Other Comprehensive Income

		Foreign
		exchange			Foreign			Cross-currency			Interest			Treasury			Commodity			Total holders			Non-controlling
		forward contracts			currency option			swaps			rate swaps			Lock contracts			price contracts			of the parent			interest			Total
As at January 1, 2019		Ps.	53		Ps.	17		Ps.	1,296		Ps.	351		Ps.	—		Ps.	(136)		Ps.	1,065		Ps.	(120)		Ps.	945
Financial instruments – purchases			(244)			2			78			—			102			29			(33)			(71)			(104)
Change in fair value of financial instruments recognized in OCI			—			—			(77)			(416)			—			3			(490)			(1,101)			(1,591)
Amount reclassified from OCI to profit or loss			(68)			(26)			451			36			—			198			591			631			1,222
Foreign currency revaluation of the net foreign operations			—			—			(176)			—			—			—			(176)			(93)			(269)
Effects of changes in foreign exchange rates			—			—			30			9			—			3			42			22			64
Tax effect			103			7			—						(31)			(74)			(465)			195			(270)
As at December 31, 2019		Ps.	(156)		Ps.	—		Ps.	1,602		Ps.	(20)		Ps.	71		Ps.	23		Ps.	534		Ps.	(537)		Ps.	(3)
Financial instruments – purchases			(840)			2			(2,145)			—			—			351			(2,632)			(170)			(2,803)
Change in fair value of financial instruments recognized in OCI			(483)			—			6,922			(762)			—			9			5,686			1,425			7,387
Amount reclassified from OCI to profit or loss			277			(2)			2,461			129			(102)			(37)			2,726			943			3,670
Foreign currency revaluation of the net foreign operations			—			—			(3,588)			—			—			—			(3,588)			(1,893)			(3,588)
Effects of changes in foreign exchange rates			7			—			92			14			—			(8)			105			55			(1,846)
Tax effect			163			—			—						31			(108)			(977)			(106)			(1,246)
As at December 31, 2020		Ps.	(1,032)		Ps.	—		Ps.	5,344		Ps.	(639)		Ps.	—		Ps.	230		Ps.	1,854		Ps.	(283)		Ps.	1,571

Market risk [member]

Statement [Line Items]

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:

		Change in
Foreign Currency Risk		Exchange Rate		Effect on Equity
2020
FEMSA (1)		+19% MXN/EUR		Ps.	327
		‑19% MXN/EUR			(327)
		+21% BRL/USD			240
		‑21% BRL/USD			(240)
Coca-Cola FEMSA		+19% MXN/USD			884
		‑19% MXN/USD			(884)
		+21% BRL/USD			357
		‑21% BRL/USD			(357)
		+9% UYU/USD			21
		‑9% UYU/USD			(21)
		+16% COP/USD			142
		‑16% COP/USD			(142)
		+2% ARS/USD			2
		‑2% ARS/USD			(2)
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)

(1) Does not include Coca-Cola FEMSA.

		Change in
Cross Currency Swaps (1) (2)		Exchange Rate		Effect on Equity			Effect on Profit or Loss
2020
FEMSA (3)		+13% CLP/USD		Ps.	—		Ps.	717
		‑13% CLP/USD			—			(717)
		+19% MXN/USD			—			6,381
		‑19% MXN/USD			—			(6,381)
		+16% COP/USD			—			426
		‑16% COP/USD			—			(426)
		+19% MXN/BRL			—			238
		‑19% MXN/BRL			—			(238)
Coca-Cola FEMSA		+19% MXN/USD			5,507			—
		‑19% MXN/USD			(5,507)			—
		+21% BRL/USD			2,161			—
		‑21% BRL/USD			(2,161)			—
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)			—

(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.

		Change in
Net Cash in Foreign Currency (1)		Exchange Rate		Effect on Profit or Loss
2020
FEMSA (2)		+18% EUR/ +19 % USD		Ps.	8,827
		‑18% EUR/ -19 % USD			(8,827)
Coca-Cola FEMSA		+18% USD			5,755
		‑18% USD			(5,755)
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		+13% USD			1,868
		‑13% USD			(1,868)

(1) The sensitivity analysis effects include all subsidiaries of the Company.

(2) Does not include Coca-Cola FEMSA.

		Change in
Commodity Price Contracts (1)		U.S.$ Rate		Effect on Equity
2020
Coca-Cola FEMSA		Sugar - 32	%	Ps.	(515)
		Aluminum - 16	%	Ps.	(289)
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)

(1) Effects on commodity price contracts are only in Coca-Cola FEMSA.

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The disclosure of financial instruments to hedge exposure to foreign exchange rates and interest rate.

+ References

No definition available.

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- Definition

Disclosure of maturity analysis for non-derivative and derivative financial liabilities.

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No definition available.

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- Definition

Disclosure of net effects of derivative financial instruments that did not met hedging criteria.

+ References

No definition available.

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- Definition

Disclosure of net effects of expired contracts that met hedging criteria.

+ References

No definition available.

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- Definition

Disclosure Of Outstanding Collar to Purchase Foreign Currency [text block]

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No definition available.

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- Definition

Disclosure of outstanding forward agreements to purchase foreign currency.

+ References

No definition available.

+ Details

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- Definition

Disclosure of outstanding interest rate swap agreements.

+ References

No definition available.

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- 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

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- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

+ References

No definition available.

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X

- Definition

The disclosure of detailed information about hedging instruments. [Refer: Hedging instruments [member]]

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Name IFRS
-Number 7
-IssueDate 2020-01-01
-Paragraph 24A
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-URIDate 2020-01-01

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- Definition

The disclosure of the fair value of financial instruments. [Refer: Financial instruments, class [member]; At fair value [member]]

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Name IAS
-Number 1
-IssueDate 2020-01-01
-Paragraph 10
-Subparagraph e
-URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&num=1&code=ifrs-tx-2020-en-r&anchor=para_10_e&doctype=Standard
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- 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 2020-01-01
-Paragraph 10
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- 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 2020-01-01
-Paragraph 31
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-URIDate 2020-01-01

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- 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 2020-01-01
-Paragraph 22A
-URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IFRS&num=7&code=ifrs-tx-2020-en-r&anchor=para_22A&doctype=Standard
-URIDate 2020-01-01

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