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Consolidated Statements of Changes in Equity $ in Millions, $ in Millions | Equity attributable to equity holders of the parent MXN ($) | Capital Stock MXN ($) | Additional paid-in capital MXN ($) | Retained earnings MXN ($) | Fair value in equity financial instrument MXN ($) | Valuation of the effective portion of derivative financial instrument MXN ($) | Exchange differences on the translation of foreign operations and equity accounted investees MXN ($) | Remeasurements of the net defined benefit liability MXN ($) | Non-controlling interest MXN ($) | USD ($) | MXN ($)
--- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | ---
Beginning Balance at Dec. 31, 2020 | $ 237,743 | $ 3,348 | $ 17,808 | $ 217,430 | $ (4,482) | $ 2,667 | $ 4,162 | $ (3,190) | $ 69,444 |  |  | $ 307,187
Consolidated net income from continued operations | 28,495 |  |  | 28,495 |  |  |  |  | 9,183 |  |  | 37,678
Other comprehensive income (loss), net | 3,928 |  |  |  | 5,165 | 1,563 | (3,722) | 922 | (368) |  |  | 3,560
Total other comprehensive income (loss) | 32,423 |  |  | 28,495 | 5,165 | 1,563 | (3,722) | 922 | 8,815 |  |  | 41,238
Dividends declared and paid | (7,687) |  |  | (7,687) |  |  |  |  | (5,729) |  |  | (13,416)
Issuance of share-based compensation plans | 54 |  | 54 |  |  |  |  |  | (14) |  |  | 40
Contribution from non-controlling interest |  |  |  |  |  |  |  |  | 0 |  |  |
Other movements in equity method accounted investees, net of income tax | 68 |  |  | 68 |  |  |  |  |  |  |  | 68
Ending Balance at Dec. 31, 2021 | 262,601 | 3,348 | 17,862 | 238,306 | 683 | 4,230 | 440 | (2,268) | 72,516 |  |  | 335,117
Consolidated net income from continued operations | 23,909 |  |  | 23,909 |  |  |  |  | 10,834 |  |  | 34,743
Other comprehensive income (loss), net | (12,734) |  |  |  | (2,236) | (1,709) | (9,545) | 756 | (2,198) |  |  | (14,932)
Total other comprehensive income (loss) | 11,175 |  |  | 23,909 | (2,236) | (1,709) | (9,545) | 756 | 8,636 |  |  | 19,811
Dividends declared and paid | (11,358) |  |  | (11,358) |  |  |  |  | (6,176) |  |  | (17,534)
Issuance of share-based compensation plans | 146 | (1) | 147 |  |  |  |  |  | (57) |  |  | 89
Disposal of businesses | (295) |  | (295) |  |  |  |  |  | (74) |  |  | (369)
Contribution from non-controlling interest |  |  |  |  |  |  |  |  | 352 |  |  | 352
Other movements in equity method accounted investees, net of income tax | 335 |  |  | 335 |  |  |  |  |  |  |  | 335
Ending Balance at Dec. 31, 2022 | 262,604 | 3,347 | 17,714 | 251,192 | (1,553) | 2,521 | (9,105) | (1,512) | 75,197 |  |  | 337,801
Consolidated net income from continued operations | 65,689 |  |  | 65,689 |  |  |  |  | 10,988 | $ 4,536 | [1] | 76,677
Sale of Heineken investment | 3,981 |  |  |  |  | (738) | 3,472 | 1,247 |  |  |  | 3,981
Other comprehensive income (loss), net | (16,072) |  |  |  | 1,357 | (490) | (16,662) | (277) | (3,466) |  |  | (19,538)
Total other comprehensive income (loss) | 53,598 |  |  | 65,689 | 1,357 | (1,228) | (13,190) | 970 | 7,522 | 3,615 | [2] | 61,120
Dividends declared and paid | (12,247) |  |  | (12,247) |  |  |  |  | (6,551) |  |  | (18,798)
Issuance of share-based compensation plans | (114) | 1 | (115) |  |  |  |  |  | 22 |  |  | (92)
Disposal of businesses | 0 |  | 0 |  |  |  |  |  | (1,681) |  |  | (1,681)
Contribution from non-controlling interest |  |  |  |  |  |  |  |  | 0 |  |  |
Other movements in equity method accounted investees, net of income tax | 19 |  |  | 19 |  |  |  |  |  |  |  | 19
Ending Balance at Dec. 31, 2023 | $ 303,860 | $ 3,348 | $ 17,599 | $ 304,653 | $ (196) | $ 1,293 | $ (22,295) | $ (542) | $ 74,509 | $ 22,392 | [3] | $ 378,369
[1] | Convenience translation to U.S. dollars ($) – See Note 2.2.3
[2] | Convenience translation to U.S. dollars ($) – See Note 2.2.3
[3] | Convenience translation to U.S. dollars ($) – See Note 2.2.3

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