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Non-Controlling Interest in Consolidated Subsidiaries
 12 Months Ended
Dec. 31, 2024
Non-Controlling Interest In Consolidated Subsidiaries [Abstract]  
Non-Controlling Interest in Consolidated Subsidiaries Non-Controlling Interest in Consolidated Subsidiaries
An analysis of FEMSA’s non-controlling interest in its consolidated subsidiaries as of December 31, 2024 and 2023 is as follows:
December 31, 2024December 31, 2023
Coca-Cola FEMSAPs.82,522Ps.73,151
Proximity Americas Division1,0311,046
Other76312
 Ps.83,629Ps.74,509
The changes in the FEMSA’s non-controlling interest were as follows:
    202420232022
Balance at beginning of the period Ps.74,509 Ps.75,197 Ps.72,516 
Net income of non-controlling interest 13,501 10,988 10,834 
Other comprehensive loss: 2,608 (3,465)(2,198)
Exchange differences on translation of foreign operation 2,235 (3,325)(1,558)
Remeasurements of the net defined benefits liability (478)87 173 
Valuation of the effective portion of derivative financial instruments 851 (227)(813)
Dividends (6,801)(6,551)(6,176)
Share based payment (5)22 (57)
Other acquisitions and remeasurements (186)— 5 
Repurchase of non-controlling interests— — (79)
Contribution from non-controlling interest— — 352 
Disposals of businesses (Envoy and others)3 (1,682)— 
Balance at end of the period Ps.83,629 Ps.74,509 Ps.75,197 
Non-controlling interest’s accumulated other comprehensive loss is comprised as follows:
 December 31, 2024December 31, 2023
Exchange differences on translation foreign operation Ps.(10,647)Ps.(12,882)
Remeasurements of the net defined benefits liability (813)(335)
Valuation of the effective portion of derivative financial instruments 544 (307)
Accumulated other comprehensive loss Ps.(10,916)Ps.(13,524)
Coca-Cola FEMSA shareholders, especially the Coca-Cola Company which holds Series D shares, have some protective rights about investing in or disposing of significant businesses. However, these rights do not limit the continued normal operations of Coca-Cola FEMSA.
Summarized financial information in respect of Coca-Cola FEMSA is set out below:
December 31, 2024December 31, 2023
Total current assets Ps.75,132 Ps.67,738 
Total non-current assets 232,854 205,782 
Total current liabilities 67,171 54,916 
Total non-current liabilities 90,274 84,899 
Total revenue Ps.279,793 Ps.245,088 
Consolidated net income 24,549 20,226 
Consolidated comprehensive income for the year, net of tax Ps.29,706 Ps.14,104 
Net cash flows generated from operating activities 42,442 42,289 
Net cash flows used in investing activities (23,392)(20,070)
Net cash flows used in financing activities (19,642)(26,352)
22.1 Options from past business acquisitions
Open Market - The former controlling shareholders of Open Market retain a put option for their remaining 20% non-controlling interest that can be exercised (i) at any time after the acquisition date (December 27, 2016) upon the occurrence of certain events and (ii) annually from January through April, after the third anniversary of the acquisition date (i.e. 2019). In any event, the Company through one of its subsidiaries can call the remaining 20% non-controlling interest annually from January through April, after the fifth anniversary of the acquisition date (i.e. 2021). Both options would be exercisable at the then fair value of the interest and shall remain indefinitely.