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Information by Segment | 12 Months Ended
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Dec. 31, 2023
Segments [Abstract] |
Information by Segment | Information by Segment The information by segment is presented considering the Company’s business units (as defined in Note 1) based on its products and services, which is consistent with the internal reporting reviewed by the Chief Operating Decision Maker. A segment is a component of the Company that engages in business activities from which it earns revenues, and incurs the related costs and expenses, including revenues, costs and expenses that relate to transactions with any of the Company’s other components. All segments’ operating results are reviewed regularly by the Chief Operating Decision Maker, who makes decisions about the resources that would be allocated to the segment and to assess its performance, and for which financial information is available. On February 15, 2023, the Company announced a new long-range plan to maximize value creation, as well as a series of decisions resulting from its strategic review process. During 2022, FEMSA carried out a thorough strategic review of its business platform, including the bottom-up definition of long-range plans for each business unit, as well as the top-down analysis of the optimal corporate and capital structure, to ensure full alignment between the Board and management as to how to pursue and maximize value creation. Consistent with this vision, the Company has determined that the best path to maximize long term value creation is by focusing on its core business verticals which have the highest strategic relevance, growth potential, and financial and competitive strength: •Retail, with excellent long-term growth opportunities, comprised of Proximity, Health, and Fuel. •Coca-Cola FEMSA, leveraging its leading competitive position and best in class execution, combined with significant financial strength and strategic opportunities. •Digital solutions, building a powerful value-added financial ecosystem, while playing a key role in leveraging the connection among FEMSA’s core business units and its customers. As a result of what is mentioned above, Logistics and Distributions segment, as well as the investment in Heineken are no longer presented as a reportable segment given the divestiture plans and their presentation as discontinued operations (see Note 4) for all periods in these consolidated financial statements. Inter-segment transfers or transactions are entered into and presented under accounting policies of each segment, which are the same as those applied by the Company. Intercompany operations are eliminated and presented within the consolidation adjustment column included in the tables below. a)By Business Unit:
2023 |  | Coca-Cola FEMSA |  | Proximity Americas Division |  | Proximity Europe Division |  | Health Division |  | Fuel Division |  | Discontinued operations |  | Other (1) |  | Consolidation Adjustments |  | Consolidated
Total revenues |  | Ps. | 245,088 |  | Ps. | 278,520 |  | Ps. | 43,552 |  | Ps. | 75,358 |  | Ps. | 58,499 |  | Ps. | — |  | Ps. | 56,875 |  | Ps. | (55,200) |  | Ps. | 702,692
Intercompany revenue |  |  | 8,448 |  |  | 1,735 |  |  | — |  |  | 3 |  |  | 349 |  |  | — |  |  | 44,665 |  |  | (55,200) |  |  | —
Gross profit |  |  | 110,860 |  |  | 117,062 |  |  | 18,622 |  |  | 22,499 |  |  | 7,344 |  |  | — |  |  | 32,647 |  |  | (29,527) |  |  | 279,507
Income before income taxes and share of the profit of equity method accounted investees |  |  | 28,792 |  |  | 2,401 |  |  | 388 |  |  | (166) |  |  | 699 |  |  | — |  |  | 40,139 |  |  | (14,437) |  |  | 57,816
Consolidated net income from continued operations |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 44,439
Consolidated net income from discontinued operations |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 32,238 |  |  | — |  |  | — |  |  | 32,238
Depreciation and amortization (2) |  |  | 10,531 |  |  | 12,937 |  |  | 4,700 |  |  | 3,447 |  |  | 1,137 |  |  | — |  |  | 2,646 |  |  | (1,381) |  |  | 34,017
Non-cash items other than depreciation and amortization |  |  | 1,707 |  |  | 509 |  |  | 148 |  |  | 1,296 |  |  | 13 |  |  | — |  |  | (328) |  |  | 2 |  |  | 3,347
Investments in equity method accounted investees |  |  | 9,246 |  |  | 1,690 |  |  | — |  |  | 1 |  |  | 19 |  |  | — |  |  | 15,291 |  |  | — |  |  | 26,247
Total assets |  |  | 273,512 |  |  | 176,836 |  |  | 39,833 |  |  | 64,888 |  |  | 25,124 |  |  | 25,819 |  |  | 403,265 |  |  | (203,421) |  |  | 805,856
Total liabilities |  |  | 139,808 |  |  | 149,131 |  |  | 37,876 |  |  | 48,357 |  |  | 20,267 |  |  | 11,569 |  |  | 120,707 |  |  | (100,228) |  |  | 427,487
Investments in fixed assets (3) |  |  | 21,396 |  |  | 13,387 |  |  | 1,654 |  |  | 1,750 |  |  | 186 |  |  | — |  |  | 1,659 |  |  | (1,421) |  |  | 38,611
(1)Includes other companies and corporate (see Note 1). (2)Includes bottle breakage. (3)Includes acquisitions and disposals of property, plant and equipment, intangible assets, and other long-lived assets. The disposals of property, plant and equipment are for Ps. 400.
2022 (Revised) |  | Coca-Cola FEMSA |  | Proximity Americas Division |  | Proximity Europe Division |  | Health Division |  | Fuel Division |  | Discontinued operations |  | Other (1) |  | Consolidation Adjustments |  | Consolidated
Total revenues |  | Ps. | 226,740 |  |  | Ps. | 233,958 |  |  | Ps. | 9,809 |  |  | Ps. | 74,800 |  |  | Ps. | 51,813 |  |  | Ps. | — |  |  | Ps. | 21,280 |  |  | Ps. | (21,392) |  |  | Ps. | 597,008 |
Intercompany revenue |  |  | 6,489 |  |  |  | 74 |  |  |  | — |  |  |  | — |  |  |  | 311 |  |  |  | — |  |  |  | 14,518 |  |  |  | (21,392) |  |  |  | — |
Gross profit |  |  | 100,300 |  |  |  | 97,586 |  |  |  | 4,599 |  |  |  | 21,983 |  |  |  | 6,560 |  |  |  | — |  |  |  | (3,785) |  |  |  | 14,275 |  |  |  | 241,518 |
Income before income taxes and share of the profit of equity method accounted investees |  |  | 25,787 |  |  |  | 5,661 |  |  |  | 218 |  |  |  | 1,659 |  |  |  | 1,543 |  |  |  | — |  |  |  | (27,939) |  |  |  | 39,567 |  |  |  | 46,496 |
Consolidated net income from continued operations |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 33,320 |
Consolidated net income from discontinued operations |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 1,423 |  |  |  | — |  |  |  | — |  |  |  | 1,423 |
Depreciation and amortization (2) |  |  | 10,425 |  |  |  | 11,571 |  |  |  | 826 |  |  |  | 3,291 |  |  |  | 1,062 |  |  |  | — |  |  |  | 719 |  |  |  | (575) |  |  |  | 27,319 |
Non-cash items other than depreciation and amortization |  |  | 1,738 |  |  |  | 511 |  |  |  | 6 |  |  |  | 394 |  |  |  | 59 |  |  |  | — |  |  |  | 272 |  |  |  | 68 |  |  |  | 3,048 |
Investments in equity method accounted investees (4) |  |  | 8,452 |  |  |  | 2,650 |  |  |  | — |  |  |  | 1 |  |  |  | 19 |  |  |  | — |  |  |  | 265 |  |  |  | — |  |  |  | 103,669 |
Total assets |  |  | 277,995 |  |  |  | 143,877 |  |  |  | 38,759 |  |  |  | 60,960 |  |  |  | 24,102 |  |  |  | 179,277 |  |  |  | 162,788 |  |  |  | (88,943) |  |  |  | 798,815 |
Total liabilities |  |  | 146,119 |  |  |  | 119,991 |  |  |  | 36,647 |  |  |  | 47,798 |  |  |  | 19,574 |  |  |  | 45,094 |  |  |  | 134,742 |  |  |  | (88,951) |  |  |  | 461,014 |
Investments in fixed assets (3) |  |  | 19,665 |  |  |  | 9,957 |  |  |  | 544 |  |  |  | 2,868 |  |  |  | 157 |  |  |  | 1,140 |  |  |  | 1,047 |  |  |  | (968) |  |  |  | 34,410 |
(1)Includes other companies and corporate (see Note 1). (2)Includes bottle breakage. (3)Includes acquisitions and disposals of property, plant and equipment, intangible assets, and other long-lived assets. The disposals of property, plant and equipment are for Ps. 308. (4)Includes Company's investment in Heineken for an amount of Ps. 92,282.
2021 (Revised) |  | Coca-Cola FEMSA |  | Proximity Division |  | Health Division |  | Fuel Division |  | Discontinued operations |  | Other (1) |  | Consolidation Adjustments |  | Consolidated
Total revenues |  | Ps. | 194,804 |  |  | Ps. | 198,586 |  |  | Ps. | 73,027 |  |  | Ps. | 39,922 |  |  | Ps. | — |  |  | Ps. | 19,365 |  |  | Ps. | (20,244) |  |  | Ps. | 505,460 |
Intercompany revenue |  |  | 5,428 |  |  |  | 520 |  |  |  | — |  |  |  | 57 |  |  |  | — |  |  |  | 14,239 |  |  |  | (20,244) |  |  |  | — |
Gross profit |  |  | 88,598 |  |  |  | 84,196 |  |  |  | 21,736 |  |  |  | 5,269 |  |  |  | — |  |  |  | 11,519 |  |  |  | (5,134) |  |  |  | 206,184 |
Income before income taxes and share of the profit of equity method accounted investees |  |  | 22,852 |  |  |  | 12,580 |  |  |  | 1,068 |  |  |  | 455 |  |  |  | — |  |  |  | 6,217 |  |  |  | (182) |  |  |  | 42,990 |
Consolidated net income from continued operations |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 29,414 |
Consolidated net income from discontinued operations |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 8,264 |  |  |  | — |  |  |  | — |  |  |  | 8,264 |
Depreciation and amortization (2) |  |  | 9,834 |  |  |  | 10,869 |  |  |  | 3,355 |  |  |  | 972 |  |  |  | — |  |  |  | 494 |  |  |  | (129) |  |  |  | 25,395 |
Non-cash items other than depreciation and amortization |  |  | 1,613 |  |  |  | 448 |  |  |  | 111 |  |  |  | 14 |  |  |  | — |  |  |  | 255 |  |  |  | — |  |  |  | 2,441 |
Investments in equity method accounted investees (4) |  |  | 7,494 |  |  |  | 2,899 |  |  |  | — |  |  |  | 19 |  |  |  | — |  |  |  | 538 |  |  |  | — |  |  |  | 107,299 |
Total assets |  |  | 271,567 |  |  |  | 129,821 |  |  |  | 57,463 |  |  |  | 19,878 |  |  |  | 165,874 |  |  |  | 166,984 |  |  |  | (74,087) |  |  |  | 737,500 |
Total liabilities |  |  | 143,995 |  |  |  | 110,765 |  |  |  | 44,037 |  |  |  | 16,503 |  |  |  | 32,628 |  |  |  | 128,568 |  |  |  | (74,113) |  |  |  | 402,383 |
Investments in fixed assets (3) |  |  | 13,865 |  |  |  | 7,179 |  |  |  | 2,049 |  |  |  | 243 |  |  |  | 557 |  |  |  | 474 |  |  |  | (312) |  |  |  | 24,055 |
(1)Includes other companies and corporate (see Note 1). (2)Includes bottle breakage. (3)Includes acquisitions and disposals of property, plant and equipment, intangible assets, and other long-lived assets. The disposals of property, plant and equipment are for Ps. 208. (4)Includes Company's investment in Heineken for an amount of Ps. 96,349. b)By Geographic Area: The Company aggregates geographic areas to report geographical information: (i) Mexico and Central America (comprising the following countries: Mexico, Guatemala, Nicaragua, Costa Rica and Panama), (ii) the United States, (iii) South America (comprising the following countries: Brazil, Argentina, Colombia, Chile, Ecuador, Peru and Uruguay) and (iv) Europe (comprised of the Company’s equity method investment in Heineken Group until 2022 and Valora). For further information related to aggregated geographic areas see Note 28.2 Disaggregation of revenue. Geographic disclosure for the Company’s non-current assets is as follow:
|  | 2023 |  | 2022
Mexico and Central America (1) |  | Ps. | 305,204 |  | Ps. | 245,222
United States (2) |  |  | 36 |  |  | 61,164
South America (3) |  |  | 114,051 |  |  | 121,398
Europe (4) (5) |  |  | 30,406 |  |  | 144,582
Consolidated |  | Ps. | 449,697 |  | Ps. | 572,366
(1)Domestic (Mexico only) non-current assets were Ps. 295,770 and Ps. 237,832, as of December 31, 2023 and 2022, respectively. (2)In 2023 the Company finalized the merger of Envoy Solutions, LLC into BradyIFS, keeping an economic interest of 37% in IFS TopCo. See Note 10. (3)South America non-current assets includes Brazil, Argentina, Colombia, Chile, Uruguay and Ecuador. Brazilian non-current assets were Ps. 61,223 and Ps. 67,848, as of December 31, 2023 and 2022, respectively. Colombia’s non-current assets were Ps. 13,479 and Ps. 17,092, as of December 31, 2023 and 2022, respectively. Argentina’s non-current assets were Ps. 2,898 and Ps. 4,895, as of December 31, 2023 and 2022, respectively. Chile’s non-current assets were Ps. 30,885 and Ps. 30,272, as of December 31, 2023 and 2022, respectively. Uruguay’s non-current assets were Ps. 2,070 and Ps. 3,403, as of December 31, 2023 and 2022, respectively. Ecuador’s non-current assets were Ps. 3,496 and Ps. 3,737, as of December 31, 2023 and 2022, respectively. (4)On October 7, 2022, the Company completed the acquisition of Valora Holding AG. (5)During 2023 the Company sold its investment in Heineken Group. See Note 4.

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