XML 71 R54.htm IDEA: XBRL DOCUMENT v3.24.1.u1

Bank Loans and Notes Payables (Tables)

12 Months Ended

Dec. 31, 2023

Disclosure of detailed information about borrowings [abstract]

Summary of Detailed Information About Borrowings

Expressed in millions of mexican pesos. (1)			2024			2025			2026			2027			2028			2029 and following years			Carrying value as of December 31, 2023			Fair value as of December 31, 2023			Carrying value as of December 31, 2022
Short- term debt:
Fixed rate debt:
Argentine pesos
Bank loans			73			—			—			—			—			—			73			73			—
Interest rate			130.00%			—			—			—			—			—			130.00%			—			—
Euros
Bank loans			15			—			—			—			—			—			15			15			—
Interest rate			17.60%			—			—			—			—			—			17.60%			—			—
Subtotal			88			—			—			—			—			—			88			88			—
Short- term debt			88			—			—			—			—			—			88			88			—
Long term debt:
Fixed rate debt:
U.S. Dollar
Yankee bonds (2)			—			—			—			—			—			36,352			36,352			33,719			41,429
Interest rate			—			—			—			—			—			3.05%			3.05%			—			3.06%
Bank loans			25			115			—			—			—			—			140			140			92
Interest rate			6.81%			6.73%			—			—			—			—			6.74%			—			6.81%
Mexican pesos
Senior notes			—			—			—			8,495			9,960			5,491			23,946			22,439			31,438
Interest rate			—			—			—			7.87%			7.36%			9.95%			8.13%			—			7.50%
Brazilian reais
Bank loans			21			0			—			—			—			—			21			21			56
Interest rate			6.90%			6.70%			—			—			—			—			6.90%			—			6.96%
Uruguayan pesos
Bank loans			—			—			—			—			—			—			—			—			976
Interest rate			—			—			—			—			—			—			—			—			6.27%
Subtotal			46			115			—			8,495			9,960			41,843			60,459			56,319			73,991
Variable rate debt:
Mexican pesos

Expressed in millions of mexican pesos. (1)			2024			2025			2026			2027			2028			2029 and following years			Carrying value as of December 31, 2023			Fair value as of December 31, 2023			Carrying value as of December 31, 2022
Senior notes			—			1,728			2,925			—			—			—			4,653			4,650			4,650
Interest rate			—			11.59%			11.55%			—			—			—			11.57%			—			10.41%
Brazilian reais
Bank loans			6			6			2			—			—			—			14			15			28
Interest rate			8.81%			8.94%			8.94%			—			—			—			8.88%			—			9.77%
Subtotal			6			1,734			2,927			—			—			—			4,667			4,666			4,678
Long term debt			52			1,849			2,927			8,495			9,960			41,843			65,126			60,985			78,669
Current portion of long term debt			52			—			—			—			—			—			52			—			8,524
Long- term debt			—			1,849			2,927			8,495			9,960			41,843			65,074			60,985			70,145

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

(2) Interest rate derivatives that have been designated as fair value hedge relationships have been used by the Company to mitigate the volatility in the fair value of existing financing instruments due to changes in floating interest rate benchmarks. Gains and losses on these instruments are recorded in “market value gain (loss) in financial instruments” in the period in which they occur. Since 2022, the Company is applying fair value hedging to the hedged portion of the Senior Notes of US$ 705, which are linked to an interest rate swap. The hedging gain or loss will adjust the carrying amount of the hedged item and will be recognized in the consolidated income statements under “market value gain (loss) in financial instruments”. For the years ended on December 31, 2023, and 2022, the Company recorded in the consolidated income statements a loss of Ps. 371 and a gain of Ps. 1,647, respectively. As of December 31, 2023, and 2022 the carrying value of the Senior Note of US$ 705 is being reduced by an amount of Ps. 1,277 and 1,647 respectively, stemming from the impacts of fair value hedging.

Summary of Interest Expense

For the years ended December 31, 2023, 2022 and 2021, 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:

			2023			2022			2021
Interest on debts and borrowings			Ps. 4,215			Ps. 4,104			Ps. 4,544
Finance charges for employee benefits (See Note 16.4)			297			286			248
Derivative instruments (Interest)			2,086			1,706			1,097
Interest expense for leases (See Note 10)			278			132			101
Finance operating charges			226			272			202
			Ps. 7,102			Ps. 6,500			Ps. 6,192

Summary of Reconciliation of Liabilities Arising From Financing Activities

Cash flows

Non-cash impact

Carrying Value at December 31, 2022

Repayments

Proceeds

New leases

Others

Fair value in Hedge Instruments

Foreign Exchange movement

Translation Effect

Carrying Value at December 31, 2023

Short-term bank loans

Ps. —

Ps. (1)

Ps. 87

Ps. 24

Ps. (22)

Ps. 88

Total short-term from financing activities

Ps. —

Ps. (1)

Ps. 87

Ps. —

Ps. —

Ps. —

Ps. 24

Ps. (22)

Ps. 88

Long-term bank loans

1,152

(900)

64

152

(293)

175

Long-term notes payable

77,517

(7,500)

—

78

371

(5,515)

64,951

Total long-term from financing activities

Ps. 78,669

Ps. (8,400)

Ps. 64

Ps. —

Ps. 78

Ps. 371

Ps. (5,363)

Ps. (293)

Ps. 65,126

Lease liabilities

Ps. 2,135

Ps. (690)

Ps. —

Ps. 586

Ps. 535

Ps. —

Ps. (20)

Ps. (28)

Ps. 2,521

Total from financing activities

Ps. 80,804

Ps. (9,091)

Ps. 151

Ps. 586

Ps. 613

Ps. 371

Ps. (5,359)

Ps. (343)

Ps. 67,735

Cash flows

Non-cash impact

Carrying Value at December 31, 2021

Repayments

Proceeds

New leases

Others

Fair value in Hedge Instruments

Foreign Exchange movement

Translation Effect

Carrying Value at December 31, 2022

Short-term bank loans

Ps. 645

Ps. (521)

Ps. —

Ps. —

Ps. —

Ps. —

Ps. —

Ps. (124)

Ps. —

Total short-term from financing activities

Ps. 645

Ps. (521)

Ps. —

Ps. —

Ps. —

Ps. —

Ps. —

Ps. (124)

Ps. —

Long-term bank loans

1,284

(314)

89

—

—

—

17

76

1,152

Long-term notes payable

83,853

(7,597)

6,000

—

(272)

(1,647)

(2,820)

—

77,517

Total long-term from financing activities

Ps.85,137

Ps.(7,911)

Ps.6,089

Ps.—

Ps.(272)

Ps.(1,647)

Ps.(2,803)

Ps.76

Ps.78,669

Lease liabilities

Ps. 1,505

Ps. (631)

Ps. —

Ps. 1,083

Ps. 180

Ps. —

Ps. 17

Ps. (19)

Ps. 2,135

Total from financing activities

Ps. 87,287

Ps. (9,063)

Ps. 6,089

Ps. 1,083

Ps. (92)

Ps. (1,647)

Ps. (2,786)

Ps. (67)

Ps. 80,804

X

- References

No definition available.

+ Details

Name:	ifrs-full_DisclosureOfDetailedInformationAboutBorrowingsAbstract
Namespace Prefix:	ifrs-full_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

X

- Definition

The disclosure of detailed information about borrowings. [Refer: Borrowings]

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Name IFRS
-Number 7
-IssueDate 2023-01-01
-Paragraph 7
-URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&num=7&code=ifrs-tx-2023-en-r&anchor=para_7&doctype=Standard
-URIDate 2023-03-23

+ Details

Name:	ifrs-full_DisclosureOfDetailedInformationAboutBorrowingsExplanatory
Namespace Prefix:	ifrs-full_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

The disclosure of the reconciliation of liabilities arising from financing activities. [Refer: Liabilities arising from financing activities]

+ References

Reference 1: http://www.xbrl.org/2003/role/exampleRef
-Name IAS
-Number 7
-IssueDate 2023-01-01
-Paragraph 44D
-URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&num=7&code=ifrs-tx-2023-en-r&anchor=para_44D&doctype=Standard
-URIDate 2023-03-23

+ Details

Name:	ifrs-full_DisclosureOfReconciliationOfLiabilitiesArisingFromFinancingActivitiesExplanatory
Namespace Prefix:	ifrs-full_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

The disclosure of interest expense on borrowing [table text block]

+ References

No definition available.

+ Details

Name:	kof_DisclosureOfInterestExpenseOnBorrowingExplanatoryTableTextBlock
Namespace Prefix:	kof_
Data Type:	dtr-types1:textBlockItemType
Balance Type:	na
Period Type:	duration