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Income Taxes (Tables) | 12 Months Ended
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Dec. 31, 2019
Text block [abstract] |
Summary of Major Components of Income Tax Expense | The major components of income tax expense for the years ended December 31, 2019, 2018 and 2017 are:
|  | 2019 |  |  | 2018 |  |  | 2017 |
Current tax expense: |  |  |  |  |  |  |  |  |  |  |  |
Current year |  | Ps. | 6,011 |  |  | Ps. | 4,763 |  |  | Ps. | 6,108 |
Deferred tax expense: |  |  |  |  |  |  |  |  |  |  |  |
Origination and reversal of temporary differences |  |  | 905 |  |  |  | 1,579 |  |  |  | (1,859 | )
(Benefit) utilization of tax losses recognized |  |  | (1,268 | ) |  |  | (1,082 | ) |  |  | (65 | )
Total deferred tax income expense (benefit) |  |  | (363 | ) |  |  | 497 |  |  |  | (1,924 | )
Total income tax expense in consolidated net income |  | Ps. | 5,648 |  |  | Ps. | 5,260 |  |  | Ps. | 4,184 |
2019 |  | Mexico |  |  | Foreign |  |  | Total |
Current tax expense: |  |  |  |  |  |  |  |  |  |  |  |
Current year |  | Ps. | 5,123 |  |  | Ps. | 888 |  |  | Ps. | 6,011 |
Deferred tax expense: |  |  |  |  |  |  |  |  |  |  |  |
Origination and reversal of temporary differences |  |  | (438 | ) |  |  | 1,343 |  |  |  | 905 |
(Benefit) utilization of tax losses recognized |  |  | (1,136 | ) |  |  | (132 | ) |  |  | (1,268 | )
Total deferred tax (benefit) |  |  | (1,574 | ) |  |  | 1,211 |  |  |  | (363 | )
Total income tax expense in consolidated net income |  | Ps. | 3,549 |  |  | Ps. | 2,099 |  |  | Ps. | 5,648 |
2018 |  | Mexico |  |  | Foreign |  |  | Total |
Current tax expense: |  |  |  |  |  |  |  |  |  |  |  |
Current year |  | Ps. | 3,545 |  |  | Ps. | 1,218 |  |  | Ps. | 4,763 |
Deferred tax expense: |  |  |  |  |  |  |  |  |  |  |  |
Origination and reversal of temporary differences |  |  | (283 | ) |  |  | 1,862 |  |  |  | 1,579 |
(Benefit) utilization of tax losses recognized |  |  | (679 | ) |  |  | (403 | ) |  |  | (1,082 | )
Total deferred tax (benefit) |  |  | (962 | ) |  |  | 1,459 |  |  |  | 497 |
Total income tax expense in consolidated net income |  | Ps. | 2,583 |  |  | Ps. | 2,677 |  |  | Ps. | 5,260 |
2017 |  | Mexico |  |  | Foreign |  |  | Total |
Current tax expense: |  |  |  |  |  |  |  |  |  |  |  |
Current year |  | Ps. | 3,874 |  |  | Ps. | 2,234 |  |  | Ps. | 6,108 |
Deferred tax expense: |  |  |  |  |  |  |  |  |  |  |  |
Origination and reversal of temporary differences |  |  | (1,798 | ) |  |  | (61 | ) |  |  | (1,859 | )
(Benefit) utilization of tax losses recognized |  |  | 179 |  |  |  | (244 | ) |  |  | (65 | )
Total deferred tax (benefit) |  |  | (1,619 | ) |  |  | (305 | ) |  |  | (1,924 | )
Total income tax expense in consolidated net income |  | Ps. | 2,255 |  |  | Ps. | 1,929 |  |  | Ps. | 4,184 |
Schedule of Recognized in Consolidated Statement of Other Comprehensive Income |
|  | 2019 |  |  | 2018 |  |  | 2017 |
Income tax related to items charged or recognized directly in OCI during the year: |  |  |  |  |  |  |  |  |  |  |  |
Unrealized (gain) loss on cash flow hedges |  | Ps. | (373 | ) |  | Ps. | (208 | ) |  | Ps. | (160 | )
Remeasurements of the net defined benefit liability |  |  | (192 | ) |  |  | 152 |  |  |  | (61 | )
Total income tax recognized in OCI |  | Ps. | (565 | ) |  | Ps. | (56 | ) |  | Ps. | (221 | )
Schedule of Deferred Tax related to Other Comprehensive Income | Balance of income tax included in Accumulated Other Comprehensive Income (AOCI) as of:
|  | 2019 |  |  | 2018 |  |  | 2017 |
Income tax related to items charged or recognized directly in OCI as of year-end: |  |  |  |  |  |  |  |  |  |  |  |
Unrealized loss (gain) on derivative financial instruments |  |  | Ps. | (481) |  |  | Ps. | (128) |  |  | Ps.59 |
Comprehensive income to be reclassified to profit or loss in subsequent periods |  |  | (481 | ) |  |  | (128 | ) |  |  | 59 |
Re-measurements of the net defined benefit liability |  |  | (240 | ) |  |  | (56 | ) |  |  | (199 | )
Balance of income tax in AOCI |  |  | Ps. | (721) |  |  | Ps. | (184) |  |  | Ps. | (140)
Schedule of Domestic Tax Rate | A reconciliation between income tax expense and income (loss) before income taxes and share of the profit or loss of associates and joint ventures accounted for using the equity method multiplied by the Mexican domestic statutory tax rate for the years ended December 31, 2019, 2018 and 2017 is as follows:
|  | 2019 |  |  | 2018 |  |  | 2017 |
Mexican statutory income tax rate |  |  | 30 | % |  |  | 30 | % |  |  | 30 | %
Income tax from prior years |  |  | (2.66 | ) |  |  | (0.50 | ) |  |  | 3.16 |
(Loss) on monetary position for subsidiaries in hyperinflationary economies |  |  | (0.50 | ) |  |  | (0.96 | ) |  |  | 4.26 |
Annual inflation tax adjustment |  |  | 0.78 |  |  |  | (0.32 | ) |  |  | (3.65 | )
Non-deductible expenses |  |  | 3.92 |  |  |  | 2.43 |  |  |  | (5.54 | )
Non-taxable income |  |  | — |  |  |  | (0.78 | ) |  |  | 1.17 |
Income taxed at a rate other than the Mexican statutory rate |  |  | 1.28 |  |  |  | 1.69 |  |  |  | (2.54 | )
Effect of restatement of tax values |  |  | (1.47 | ) |  |  | (3.38 | ) |  |  | 5.53 |
Effect of change in statutory rate |  |  | (0.52 | ) |  |  | (0.38 | ) |  |  | 0.20 |
Income tax credits |  |  | (0.18 | ) |  |  | (0.13 | ) |  |  | 9.68 |
Effect of Venezuela (Note 3.3) |  |  | — |  |  |  | — |  |  |  | (75.56 | )
Tax loss |  |  | (1.01 | ) |  |  | 1.04 |  |  |  | (6.00 | )
Other |  |  | 1.04 |  |  |  | 1.89 |  |  |  | 2.12 |
|  |  | 30.68 | % |  |  | 30.60 | % |  |  | (37.17 | )%
Schedule of Deferred Income Tax | An analysis of the temporary differences giving rise to deferred income tax liabilities (assets) is as follows:
|  | Consolidated Statement of Financial Position as of |  |  | Consolidated Income Statement |
|  | 2019 |  |  | 2018 |  |  | 2019 |  |  | 2018 |  |  | 2017 |
Allowance for doubtful accounts |  | Ps. | (60 | ) |  | Ps. | (33 | ) |  | Ps. | (18 | ) |  | Ps. | 76 |  |  | Ps. | 16 |
Inventories |  |  | (61 | ) |  |  | (32 | ) |  |  | (37 | ) |  |  | (33 | ) |  |  | (60 | )
Prepaid expenses |  |  | 43 |  |  |  | 3 |  |  |  | 41 |  |  |  | (19 | ) |  |  | 5 |
Property, plant and equipment, net |  |  | (863 | ) |  |  | (1,051 | ) |  |  | 128 |  |  |  | (392 | ) |  |  | (1,783 | )
Rights of use assets |  |  | 197 |  |  |  | — |  |  |  | 197 |  |  |  | — |  |  |  | — |
Other assets |  |  | 20 |  |  |  | 38 |  |  |  | 24 |  |  |  | 74 |  |  |  | (166 | )
Finite useful lived intangible assets |  |  | 148 |  |  |  | 225 |  |  |  | (78 | ) |  |  | 182 |  |  |  | 761 |
Indefinite lived intangible assets |  |  | 1,039 |  |  |  | 1,081 |  |  |  | 114 |  |  |  | 31 |  |  |  | 743 |
Post-employment and other non-current employee benefits |  |  | (387 | ) |  |  | (457 | ) |  |  | 65 |  |  |  | (114 | ) |  |  | (56 | )
Derivative financial instruments |  |  | (7 | ) |  |  | 3 |  |  |  | (12 | ) |  |  | (39 | ) |  |  | (44 | )
Contingencies |  |  | (2,169 | ) |  |  | (2,209 | ) |  |  | (94 | ) |  |  | 1,146 |  |  |  | (886 | )
Employee profit sharing payable |  |  | (201 | ) |  |  | (184 | ) |  |  | 17 |  |  |  | — |  |  |  | 6 |
Tax loss carryforwards |  |  | (9,224 | ) |  |  | (8,358 | ) |  |  | (1,268 | ) |  |  | (1,082 | ) |  |  | (13 | )
Tax credits to recover (1) |  |  | (1,855 | ) |  |  | (1,855 | ) |  |  | (122 | ) |  |  | (109 | ) |  |  | (1,159 | )
Cumulative other comprehensive income |  |  | (721 | ) |  |  | (184 | ) |  |  | 29 |  |  |  | (54 | ) |  |  | (224 | )
Liabilities of amortization of goodwill of business acquisition |  |  | 7,663 |  |  |  | 7,299 |  |  |  | 860 |  |  |  | 1,125 |  |  |  | (554 | )
Financial leasing |  |  | (190 | ) |  |  | — |  |  |  | (190 | ) |  |  | — |  |  |  | — |
Other liabilities |  |  | (33 | ) |  |  | 132 |  |  |  | (19 | ) |  |  | (295 | ) |  |  | 1,490 |
Deferred tax (income) |  |  |  |  |  |  |  |  |  | Ps. | (363 | ) |  | Ps. | 497 |  |  | Ps. | (1,924 | )
Deferred tax, asset |  | Ps. | (10,432 | ) |  | Ps. | (8,438 | ) |  |  |  |  |  |  |  |  |  |  |  |
Deferred tax, liability |  |  | 3,771 |  |  |  | 2,856 |  |  |  |  |  |  |  |  |  |  |  |  |
Deferred income taxes, net |  | Ps. | (6,661 | ) |  | Ps. | (5,582 | ) |  |  |  |  |  |  |  |  |  |  |  |
(1) | Correspond to income tax credits arising from dividends received from foreign subsidiaries to be recovered within the next ten years accordingly to the Mexican Income Tax law as well as effects of the exchange of foreign currencies with Related and Non-Related Parties.
Schedule of Changes in Net Deferred Income Tax Asset | The changes in the balance of the net deferred income tax asset are as follows:
|  | 2019 |  |  | 2018 |  |  | 2017 |
Balance at beginning of the period |  | Ps. | (5,582 | ) |  | Ps. | (6,298 | ) |  | Ps. | (4,776 | )
Deferred tax provision for the period |  |  | (363 | ) |  |  | 497 |  |  |  | (1,763 | )
Change in the statutory rate |  |  | (66 | ) |  |  | 63 |  |  |  | — |
Acquisition of subsidiaries, see Note 4 |  |  | 57 |  |  |  | (413 | ) |  |  | (563 | )
Venezuela effect |  |  | — |  |  |  | — |  |  |  | 261 |
Effects in equity: |  |  |  |  |  |  |  |  |  |  |  |
Unrealized (gain) on derivative financial instruments |  |  | (373 | ) |  |  | (21 | ) |  |  | (160 | )
Cumulative translation adjustment |  |  | (230 | ) |  |  | 31 |  |  |  | 221 |
Remeasurements of the net defined benefit liability |  |  | (192 | ) |  |  | 152 |  |  |  | (61 | )
Inflation adjustment |  |  | 88 |  |  |  | 20 |  |  |  | 543 |
Philippines disposal |  |  | — |  |  |  | 387 |  |  |  | — |
Balance at end of the period |  | Ps. | (6,661 | ) |  | Ps. | (5,582 | ) |  | Ps. | (6,298 | )
Schedule of Tax Loss Carryforwards | The tax losses carryforwards for which deferred tax asset has been recorded and their corresponding years of expiration are as follows:
|  | Tax Loss Carryforwards amounts in Millions |
2024 |  | Ps. | 1 |
2025 |  |  | 4,714 |
2026 |  |  | 4,655 |
2027 |  |  | — |
2028 |  |  | 2,188 |
2029 and thereafter |  |  | 3,243 |
No expiration (Brazil) |  |  | 14,070 |
|  | Ps. | 28,871 |
Summary of Changes in Balance of Tax Loss Carryforwards | The changes in the balance of tax loss carryforwards are as follows:
|  | 2019 |  |  | 2018 |  |  | 2017 |
Balance at beginning of the period |  | Ps. | 25,879 |  |  | Ps. | 24,817 |  |  | Ps. | 24,791 |
Increase |  |  | 6,029 |  |  |  | 3,398 |  |  |  | 3,334 |
Usage of tax losses |  |  | (1,854 | ) |  |  | (352 | ) |  |  | (2,723 | )
Effect of foreign currency exchange rates |  |  | (1,183 | ) |  |  | (1,984 | ) |  |  | (585 | )
Balance at end of the period |  | Ps. | 28,871 |  |  | Ps. | 25,879 |  |  | Ps. | 24,817 |

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