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Leases
 12 Months Ended
Dec. 31, 2023
Presentation of leases for lessee [abstract]  
Leases Leases
For the years ended as of December 31, 2023 and 2022, the change in the Company’s right-of-use assets, is as follows:

20232022
Balance at beginning of the periodPs. 2,069Ps. 1,472
Additions5861,083
Remeasurements812476
Additions from business combinations—13
Disposals(271)(296)
Depreciation(776)(660)
Hyperinflationary economies effect613
Effects of changes in foreign exchange rates(38)(32)
Balance at end of the periodPs. 2,388Ps. 2,069

As of December 31, 2023 and 2022, the lease liabilities are integrated as follows:

20232022
Maturity analysis – contractual undiscounted cash flows
Less than one yearPs. 966Ps. 675
One to three years1,386928
More than three years1,3531,462
Total undiscounted lease liabilities on December 31Ps. 3,705Ps. 3,065
Lease liabilities included in the statement of financial position on December 312,5212,135
CurrentPs. 752Ps. 472
Non-CurrentPs. 1,769Ps. 1,663

For the years ended as of December 31, 2023 and 2022, the change in the Company’s lease liabilities, is as follows:
20232022
Balance at beginning of the periodPs. 2,135Ps. 1,505
Additions5861,083
Remeasurements812476
Additions from business combinations—13
Disposals(277)(309)
Payments(690)(631)
Foreign exchange effects(20)17
Effects of changes in foreign exchange rates(25)(19)
Balance at end of the periodPs. 2,521Ps. 2,135


The total lease payments during 2023, 2022 and 2021 were Ps. 968, Ps. 763, and Ps. 730, respectively; out of which, Ps. 278, Ps. 132, and Ps. 101, represented the interest expense reported in the consolidated income statements for the years ended on December 31, 2023, 2022 and 2021, respectively.

The expenses for the low value assets and short-term leases reported in the consolidated income statements recognized in operating expenses for the years ended on December 31, 2023, 2022 and 2021 were Ps. 190, Ps. 116 and Ps. 183, respectively.

As of December 31, 2023, 2022 and 2021 the weighted average incremental borrowing rate was 10.18%, 9.29% and 7.18%, respectively.