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
2022	Ps.	754	Ps.	201	Ps.	22	Ps.	977
2023		317		156		23		497
2024		346		149		25		520
2025		421		140		26		587
2026		419		137		27		583
2027 to 2031		3,039		681		162		3,882

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,
	2021		2020
Fixed return:
Traded securities	17	%	27	%
Bank instruments	10	%	9	%
Federal government instruments of the respective countries	35	%	29	%
Variable return:
Publicly traded shares	38	%	35	%
	100	%	100	%

Summary of Amount Recognized in Consolidated Income Statements and Consolidated Statements of Comprehensive Income

Income Statement

AOCI⁽¹⁾

Gain or

Net Interest on

Remeasurements

Loss on

the Net

of the Net

Current

Past Service

Settlement or

Defined

December 31, 2021

Service Cost

Cost

Curtailment

Benefit Liability

Pension and retirement plans

Ps.

390

Ps.

39

Ps.

(55)

Ps.

319

Ps.

1,757

Seniority premiums

290

1

(3)

114

853

Postretirement medical services

44

2

(24)

52

202

Total

Ps.

724

Ps.

42

Ps.

(82)

Ps.

485

Ps.

2,812

December 31, 2020

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

(1)Amounts accumulated in other comprehensive income as of the end of the period.

Summary of Changes in the Balance of the Defined Benefit Obligation for Post-employment


	December 31,		December 31,		December 31,
	2021		2020		2019
Pension and Retirement Plans:
Initial balance	Ps.	7,679	Ps.	7,193	Ps.	6,189
Current service cost		390		372		279
Past service (credit) cost		(3)		73		(45)
Interest expense		527		506		530
Settlement / Curtailment		—		—		2
Remeasurements of the net defined benefit obligation		(42)		326		859
Foreign exchange loss (gain)		28		37		(69)
Benefits paid		(564)		(828)		(582)
Acquisitions		—		—		30
Ending balance	Ps.	8,015	Ps.	7,679	Ps.	7,193
Seniority Premiums:
Initial balance	Ps.	1,763	Ps.	1,237	Ps.	772
Current service cost		290		239		139
Past service cost		836		—		161
Interest expense		124		101		68
Settlement		(839)		13		—
Remeasurements of the net defined benefit obligation		112		309		230
Benefits paid		(178)		(136)		(133)
Ending balance	Ps.	2,108	Ps.	1,763	Ps.	1,237
Postretirement Medical Services:
Initial balance	Ps.	812	Ps.	797	Ps.	418
Current service cost		44		44		15
Past service cost		236		—		—
Interest expense		57		61		38
Curtailment / Settlement		(271)		—		—
Remeasurements of the net defined benefit obligation		(191)		(59)		356
Benefits paid		(40)		(31)		(30)
Ending balance	Ps.	647	Ps.	812	Ps.	797

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 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.	394	Ps.	(54)	Ps.	232	Ps.	1,858
Seniority premiums		266		(3)		100		440
Postretirement medical services		39		(19)		41		120
Total	Ps.	699	Ps.	(76)	Ps.	373	Ps.	2,418

Expected salary increase
Pension and retirement plans	Ps.	467	Ps.	(56)	Ps.	362	Ps.	2,039
Seniority premiums		302		(4)		119		682
Postretirement medical services		46		(24)		52		148
Total	Ps.	815	Ps.	(84)	Ps.	533	Ps.	2,869

Assumed rate of increase in healthcare costs
Postretirement medical services	Ps.	52	Ps.	(26)	Ps.	56	Ps.	149


-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.	465	Ps.	(56)	Ps.	384	Ps.	2,086
Seniority premiums		307		(3)		124		660
Postretirement medical services		51		(26)		57		149
Total	Ps.	823	Ps.	(85)	Ps.	565	Ps.	2,895

Expected salary increase
Pension and retirement plans	Ps.	390	Ps.	(54)	Ps.	276	Ps.	1,883
Seniority premiums		267		(3)		102		425
Postretirement medical services		46		(24)		52		148
Total	Ps.	703	Ps.	(81)	Ps.	430	Ps.	2,456

Assumed rate of increase in healthcare costs
Postretirement medical services	Ps.	39	Ps.	(19)	Ps.	42	Ps.	120

(1)	Amounts accumulated in other comprehensive income as of the end of the period.