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Equity Method Accounted Investees (Tables) | 12 Months Ended
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Dec. 31, 2024
Investments in subsidiaries, joint ventures and associates reported in separate financial statements [abstract] |
Summary of Equity Accounted Investees | As of December 31, 2024 and 2023, Company’s equity method accounted investees are as follows:
|  |  |  |  |  | Ownership Percentage |  |  | Carrying Value
Investee |  | Principal Activity |  | Place of Incorporation |  | December 31, 2024 |  | December 31, 2023 |  |  | December 31, 2024 |  |  | December 31, 2023
IFS TopCo LLC (3) |  | Distribution |  | United States |  | 37.1 | % | 37.1 | % |  | 17,356 |  |  | 15,032
Coca-Cola FEMSA: |  |  |  |  |  |  |  |  |  |  |  |  |  |
Joint ventures: |  |  |  |  |  |  |  |  |  |  |  |  |  |
Dispensadoras de Café, S.A.P.I. de C.V. |  | Services |  | Mexico |  | 50.0 | % | 50.0 | % |  | 239 |  |  | 223
Fountain Agua Mineral, L.T.D.A. |  | Beverages |  | Brazil |  | 50.0 | % | 50.0 | % |  | 818 |  |  | 808
Planta Nueva Ecología De Tabasco, S.A. de C.V. |  | Recycling |  | Mexico |  | 50.0 | % | 50.0 | % |  | 1,392 |  |  | 1,139
Associates: |  |  |  |  |  |  |  |  |  |  |  |  |  |
Promotora Industrial Azucarera, S.A. de C.V. (“PIASA”) |  | Sugar production |  | Mexico |  | 36.4 | % | 36.4 | % |  | 3,654 |  |  | 3,454
Industria Envasadora de Querétaro, S.A. de C.V. (“IEQSA”) |  | Canned bottling |  | Mexico |  | 26.5 | % | 26.5 | % |  | 195 |  |  | 215
Industria Mexicana de Reciclaje, S.A. de C.V. (“IMER”) |  | Recycling |  | Mexico |  | 35.0 | % | 35.0 | % |  | 91 |  |  | 99
Jugos del Valle, S.A.P.I. de C.V. |  | Beverages |  | Mexico |  | 28.2 | % | 28.2 | % |  | 3,466 |  |  | 2,831
Leao Alimentos e Bebidas, L.T.D.A. |  | Beverages |  | Brazil |  | 25.1 | % | 25.1 | % |  | 212 |  |  | 298
Alimentos de Soja S.A.U. |  | Beverages |  | Argentina |  | 10.7 | % | 10.7 | % |  | 48 |  |  | 23
Other investments in Coca-Cola FEMSA |  | Various |  | Various |  | Various |  | Various |  |  | 118 |  |  | 156
Proximity Americas Division: |  |  |  |  |  |  |  |  |  |  |  |  |  |
Joint ventures: |  |  |  |  |  |  |  |  |  |  |  |  |  |
Raizen Conveniências |  | Proximity |  | Brazil |  | 50.0 | % | 50.0 | % |  | 929 |  |  | 1,636
Other investments (1) (3) |  | Various |  | Various |  | Various |  | Various |  |  | 179 |  |  | 333
|  |  |  |  |  |  |  |  |  | Ps. | 28,697 |  | Ps. | 26,247
(1)Associate. (2)Joint ventures. (3)As a result of the merger between Envoy Solutions and Brady Plus during October 2023, the Company owns 37.1% of the shares of IFS TopCo LLC, having significant influence over this investee, mainly because it has appointed directors who participate in the Board of IFS TopCo LLC (see Note 4).
Reconciliation from Equity of Associate to Investment of Company | Reconciliation from the equity of the associate IFS TopCo LLC to the investment of the Company.
|  |  | December 31, 2024 |  | December 31, 2023
Amounts in millions |  |  | Peso |  | U.S. dollars |  | Peso |  | U.S. dollars
Equity attributable to the equity interest in IFS TopCo |  |  | Ps. | 41,564 |  | $. | 2,051 |  | Ps. | 36,169 |  | $. | 2,141
Economic ownership percentage |  | % |  | 37.08 | % |  | 37.08 | % |  | 37.08 | % |  | 37.08
Investment in IFS TopCo investment exclusive of goodwill |  |  | Ps. | 15,413 |  | $. | 760 |  | Ps. | 13,412 |  | $. | 794
Goodwill allocated |  |  |  | 1,943 |  |  | 96 |  |  | 1,620 |  |  | 96
IFS TopCo investment (1) |  |  | Ps. | 17,356 |  | $. | 856 |  | Ps. | 15,032 |  | $. | 890
(1)IFS TopCo purchase price allocation was finalized during the twelve month remeasurement period after the acquisition date.
Schedule of Company's Share of Other Comprehensive Income from Equity Investees, Net of Taxes | For the year ended December 31, 2024, 2023 and 2022, the Company’s share of other comprehensive income from equity investees, net of taxes are as follows:
|  | 2024 |  | 2023 |  | 2022
Items that may be reclassified to consolidated net income: |  |  |  |  |  |  |  |  |
Valuation of the effective portion of derivative financial instruments |  | Ps. | (32) |  | Ps. | (526) |  |  | Ps. | (286)
Exchange differences on translating foreign operations |  |  | 292 |  |  | 6,623 |  |  |  | 2,655
Total |  | Ps. | 260 |  | Ps. | 6,097 |  |  | Ps. | 2,369
Items that may not be reclassified to consolidated net income in subsequent periods: |  |  |  |  |  |  |  |  |
Remeasurements of the net defined benefit liability |  | Ps. | — |  | Ps. | 897 |  |  | Ps. | 267 |

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