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Bank Loans and Notes Payables (Tables)

12 Months Ended

Dec. 31, 2020

Disclosure of detailed information about borrowings [abstract]

Summary of Detailed Information About Borrowings

Expressed in millions of mexican pesos. (1)			2021			2022			2023			2024			2025			2026 and following years			Carrying value as of December 31, 2020			Fair value as of December 31, 2020			Carrying value as of December 31, 2019
Short- term debt:
Fixed rate debt:
Colombian pesos
Bank loans			—			—			—			—			—			—			—			—			230
Interest rate			—			—			—			—			—			—			—						4.37%
Argentine pesos
Bank loans			711			—			—			—			—			—			711			711			126
Interest rate			44.73%			—			—			—			—			—			44.73%						63.50%
Uruguayan pesos
Bank loans			498			—			—			—			—			—			498			498			63
Interest rate			15.13%			—			—			—			—			—			15.13%						11.59%
Subtotal			1,209			—			—			—			—			—			1,209			1,209			419
Variable rate debt:
Colombian pesos
Bank loans			436			—			—			—			—			—			436			436			431
Interest rate			3.08%			—			—			—			—			—			3.08%						4.66%
Argentine pesos
Bank loans			—			—			—			—			—			—			—			—			32
Interest rate			—			—			—			—			—			—			—						54.25%
Subtotal			436			—			—			—			—			—			436			436			463
Short- term debt			1,645			—			—			—			—			—			1,645			1,645			882
Long term debt:
Fixed rate debt:
U.S. Dollar
Yankee bond			—			—			—			—			—			50,598			50,598			57,967			37,575
Interest rate			—			—			—			—			—			3.09%			3.09%						4.48%
Mexican pesos
Senior notes			2,500			—			7,497			—			—			11,486			21,483			22,638			18,484
Interest rate			8.27%			—			5.46%			—			—			7.73%			7.00%						6.95%

Expressed in millions of mexican pesos. (1)			2021			2022			2023			2024			2025			2026 and following years			Carrying value as of December 31, 2020			Fair value as of December 31, 2020			Carrying value as of December 31, 2019
Brazilian reais
Bank loans			59			50			29			19			—			—			157			157			309
Interest rate			6.04%			6.05%			6.40%			6.62%			—			—			6.18%						6.05%
Uruguayan pesos
Bank loans			770			261			—			—			—			—			1,031			1,032			1,266
Interest rate			10.29%			8.04%			—			—			—			—			9.72%						10.01%
Subtotal			3,329			311			7,526			19			—			62,084			73,269			81,794			57,634
Variable rate debt:
Mexican pesos
Senior notes			—			1,459			—			—			1,722			—			3,181			3,176			1,459
Interest rate			—			4.73%			—			—			4.56%			—			4.64%						7.99%
Bank loans			—			—			—			—			3,737			5,598			9,335			9,400			9,358
Interest rate			—			—			—			—			4.89%			5.15%			5.04%						8.20%
Colombian pesos
Bank loans			—			—			—			—			—			—			—			—			402
Interest rate			—			—			—			—			—			—			—						5.61%
Brazilian reais
Bank loans			43			5			—			—			—			—			48			48			242
Interest rate			8.45%			8.37%			—			—			—			—			8.44%						7.82%
Subtotal			43			1,464			—			—			5,459			5,598			12,564			12,624			11,461
Long term debt			3,372			1,775			7,526			19			5,459			67,682			85,833			94,418			69,095
Current portion of long term debt			3,372			—			—			—			—			—			3,372			—			10,603
Long- term debt			—			1,775			7,526			19			5,459			67,682			82,461			94,418			58,492

(1)All interest rates shown in this table are weighted average contractual annual rates.

Summary of Interest Expense

For the years ended December 31, 2020, 2019 and 2018, the interest expense related to the bank loans and notes payable is comprised as follows and included in the consolidated income statement under the interest expense caption:

			2020			2019			2018
Interest on debts and borrowings			Ps. 6,228			Ps. 4,459			Ps. 4,786
Finance charges for employee benefits			231			200			202
Derivative instruments			1,174			1,946			2,370
Finance charges of leases			105			129			—
Finance operating charges			156			170			210
			Ps. 7,894			Ps. 6,904			Ps. 7,568

Summary of Reconciliation of Liabilities Arising From Financing Activities

Cash flows

Non-cash impact

Carrying Value at December 31, 2019

Repayments

Proceeds

New leases

Others

Foreign Exchange movement

Translation Effect

Carrying Value at December 31, 2020

Short-term bank loans

Ps. 882

Ps. (17,641)

Ps. 18,525

Ps. —

Ps. —

Ps. —

Ps. (121)

Ps. 1,645

Short-term notes payable

—

—

—

—

—

—

—

Total short-term from financing activities

Ps. 882

Ps. (17,641)

Ps. 18,525

Ps. —

Ps. —

Ps. —

Ps. (121)

Ps. 1,645

Long-term bank loans

11,576

(896)

293

—

—

—

(405)

10,568

Long-term notes payable

57,519

(26,650)

43,479

—

—

1,018

(101)

75,265

Total long-term from financing activities

Ps. 69,095

Ps. (27,546)

Ps. 43,772

Ps. —

Ps. —

Ps. 1,018

Ps. (506)

Ps. 85,833

Lease liabilities

Ps. 1,383

Ps. (573)

Ps. —

Ps. 599

Ps. 34

Ps. (13)

Ps. (123)

Ps. 1,306

Total from financing activities

Ps. 71,360

Ps. (45,760)

Ps. 62,297

Ps. 599

Ps. 34

Ps. 1,005

Ps. (750)

Ps. 88,784

Cash flows

Non-cash impact

Carrying Value at December 31, 2018

Repayments

Proceeds

New leases

Others

Foreign Exchange movement

Translation Effect

Carrying Value at December 31, 2019

Short-term bank loans

Ps. 1,382

Ps. (852)

Ps. 503

Ps. —

Ps. —

Ps. —

Ps. (151)

Ps. 882

Short-term notes payable

—

—

—

—

—

—

—

—

Total short-term from financing activities

Ps. 1,382

Ps. (852)

Ps. 503

Ps. —

Ps. —

Ps. —

Ps. (151)

Ps. 882

Long-term bank loans

16,572

(14,926)

10,233

—

—

—

(303)

11,576

Long-term notes payable

63,841

(4,674)

—

—

—

(1,589)

(59)

57,519

Long-term lease liabilities

10

(8)

—

—

—

(1)

(1)

—

Total long-term from financing activities

Ps. 80,423

Ps. (19,608)

Ps. 10,233

Ps. —

Ps. —

Ps. (1,590)

Ps. (363)

Ps. 69,095

Lease liabilities (1)

Ps. 1,798

Ps. (492)

Ps. —

Ps. 215

Ps. (21)

Ps. (37)

Ps. (80)

Ps. 1,383

Total from financing activities

Ps. 83,603

Ps. (20,952)

Ps. 10,736

Ps. 215

Ps. (21)

Ps. (1,627)

Ps. (594)

Ps. 71,360

(1) Beginning balance as of adoption date; January 1st, 2019

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