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Income Taxes (Tables) | 12 Months Ended
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Dec. 31, 2021
Major components of tax expense (income) [abstract] |
Summary of Major Components of Income Tax Expense | The major components of income tax expense for the years ended December 31, 2021, 2020 and 2019 are:
| 2021 | 2020 | 2019
Current tax expense: |  |  |
Current year | Ps. 4,259 | Ps. 7,367 | Ps. 6,011
Deferred tax expense: |  |  |
Origination and reversal of temporary differences | 2,795 | (3,391) | 905
(Benefit) utilization of tax losses recognized | (445) | 1,452 | (1,268)
Total deferred tax expense (benefit) | 2,350 | (1,939) | (363)
Total income tax expense in consolidated net income | Ps. 6,609 | Ps. 5,428 | Ps. 5,648
2021 | Mexico | Foreign | Total
Current tax expense: |  |  |
Current year | Ps. 3,356 | Ps. 903 | Ps. 4,259
Deferred tax expense: |  |  |
Origination and reversal of temporary differences | 1,659 | 1,136 | 2,795
Utilization (benefit) of tax losses recognized | 356 | (801) | (445)
Total deferred tax | 2,015 | 335 | 2,350
Total income tax expense in consolidated net income | Ps. 5,371 | Ps. 1,238 | Ps. 6,609
2020 | Mexico | Foreign | Total
Current tax expense: |  |  |
Current year | Ps. 6,311 | Ps. 1,056 | Ps. 7,367
Deferred tax expense: |  |  |
Origination and reversal of temporary differences | (2,676) | (715) | (3,391)
Utilization (benefit) of tax losses recognized | 1,962 | (510) | 1,452
Total deferred tax (benefit) | (714) | (1,225) | (1,939)
Total income tax expense (benefit) in consolidated net income | Ps. 5,597 | Ps. (169) | Ps. 5,428
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) 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
Schedule of Recognized in Consolidated Statement of Other Comprehensive Income | Recognized in Consolidated Statement of Other Comprehensive Income (OCI)
Income tax related to items recognized directly in OCI during the year: | 2021 | 2020 | 2019
Unrealized loss (gain) on cash flow hedges | Ps. 787 | Ps. 216 | Ps. (373)
Remeasurements of the net defined benefit liability | (27) | (130) | (192)
Total income tax recognized in OCI | Ps. 760 | Ps. 86 | Ps. (565)
Schedule of Deferred Tax Related to Other Comprehensive Income | Balance of income tax included in Accumulated Other Comprehensive Income (AOCI) as of:
Income tax related to items recognized directly in OCI as of year-end: | 2021 | 2020 | 2019
Unrealized loss (gain) on derivative financial instruments | Ps. 573 | Ps. (212) | Ps. (481)
Comprehensive loss (income) to be reclassified to profit or loss in subsequent periods | 573 | (212) | (481)
Re-measurements of the net defined benefit liability | (408) | (378) | (240)
Balance of income tax in AOCI | Ps. 165 | Ps. (590) | Ps. (721)
Schedule of Domestic Tax Rate | A reconciliation between effective income tax rate and Mexican domestic statutory tax rate for the years ended December 31, 2021, 2020 and 2019 follows:
| 2021 | 2020 | 2019
Mexican statutory income tax rate | 30 | % | 30 | % | 30 | %
Income tax from prior years | (0.64) | % | (0.38) | % | (2.66) | %
(Loss) on monetary position for subsidiaries in hyperinflationary economies | (0.21) | % | (0.62) | % | (0.50) | %
Annual inflation tax adjustment | 6.48 | % | 0.73 | % | 0.78 | %
Non-deductible expenses | 1.82 | % | 2.49 | % | 3.92 | %
Non-taxable income | — | % | — | % | — | %
Income taxed at a rate other than the Mexican statutory rate | 1.14 | % | 0.08 | % | 1.28 | %
Effect of restatement of tax values | (2.54) | % | (1.81) | % | (1.47) | %
Effect of change in statutory rate | (0.09) | % | (0.23) | % | (0.52) | %
Income tax credits (1) | (2.69) | % | (10.34) | % | (0.18) | %
Tax loss (2) | (3.57) | % | 13.80 | % | (1.01) | %
Other | (0.78) | % | 0.04 | % | 1.04 | %
| 28.92 | % | 33.76 | % | 30.68 | %
(1) Favorable position of Brazilian Courts related to a no taxation on financial effects of recovered tax credits from previously won judicial disputes, which allowed a recognition of a deferred tax credit in Brazil in 2021 and 2020. (2) During 2020, the Company recognized an amount of Ps. 2,349 in the deferred tax asset based on the probability of the expected timing of reversal of tax losses in Mexico.
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
| 2021 | 2020 | 2021 | 2020 | 2019
Expected credit losses | Ps. (96) | Ps. (64) | Ps. (34) | Ps. (10) | Ps. (18)
Inventories | 17 | 23 | (1) | 72 | (37)
Prepaid expenses | 55 | 26 | 29 | (17) | 41
Property, plant and equipment, net | (1,171) | (1,006) | (223) | (90) | 128
Rights of use assets | 112 | 176 | (68) | (22) | 197
Other assets | (340) | (325) | (28) | (389) | 24
Finite useful lived intangible assets | (54) | (128) | 69 | (275) | (78)
Indefinite lived intangible assets | 1,412 | 796 | 165 | 140 | 114
Post-employment and other non-current employee benefits | (447) | (381) | (59) | 4 | 65
Derivative financial instruments | 2 | 74 | (72) | 80 | (12)
Contingencies | (889) | (1,627) | 171 | 182 | (94)
Employee profit sharing payable | (444) | (208) | (236) | (7) | 17
Tax loss carryforwards | (7,244) | (6,915) | (445) | 2,342 | (1,268)
Tax credits to recover (1) | (1,394) | (2,594) | 1,200 | (1,629) | (122)
Cumulative other comprehensive income | 165 | (590) | 760 | 86 | 29
Liabilities of amortization of goodwill of business acquisition | 5,897 | 6,554 | 87 | — | 860
Financial leasing | (155) | (211) | 53 | (23) | (190)
Other (2) | (1,058) | (2,269) | 982 | (2,383) | (19)
Deferred tax (income) |  |  | Ps. 2,350 | Ps. (1,939) | Ps. (363)
Deferred tax, asset | Ps. (8,342) | Ps. (11,143) |  |  |
Deferred tax, liability | 2,710 | 2,474 |  |  |
Deferred income taxes, net | Ps. (5,632) | Ps. (8,669) |  |  |
(1)Corresponds to income tax credits from dividends received from foreign subsidiaries to be recovered within the next ten years accordingly to the Mexican Income Tax law. (2)One of the principal items considered are deferred non deductible interest calculated according to the Mexican Tax Law.
Schedule of Changes in Net Deferred Income Tax Asset | The changes in the balance of the net deferred income tax asset are as follows:
| 2021 | 2020 | 2019
Balance at beginning of the period | Ps. (8,669) | Ps. (6,661) | Ps. (5,582)
Deferred tax provision for the period | 2,350 | (1,939) | (363)
Change in the statutory rate | 81 | (42) | (66)
Acquisition of subsidiaries | — | — | 57
Effects in equity: |  |  |
Unrealized loss (gain) on derivative financial instruments | 787 | 216 | (373)
Cumulative translation adjustment | (163) | (392) | (230)
Remeasurements of the net defined benefit liability | (27) | (130) | (192)
Inflation adjustment | 9 | 279 | 88
Balance at end of the period | Ps. (5,632) | Ps. (8,669) | Ps. (6,661)
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
2025 | Ps. 1,218
2026 | 5,516
2027 | —
2028 | 509
2029 | 10
2030 | —
2031 and thereafter | 89
No expiration (Brazil) | 14,787
| Ps. 22,129
Summary of Changes in Balance of Tax Loss Carryforwards | The changes in the balance of tax loss carryforwards are as follows:
| 2021 | 2020 | 2019
Balance at beginning of the period | Ps. 21,522 | Ps. 28,871 | Ps. 25,879
Increase | 5,768 | 4,985 | 6,029
Utilization of tax losses | (4,558) | (1,986) | (1,854)
Unused tax losses - 2028 to 2030 | — | (7,830) | —
Effect of foreign currency exchange rates | (603) | (2,518) | (1,183)
Balance at end of the period | Ps. 22,129 | Ps. 21,522 | Ps. 28,871

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