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v3.25.1

Other Liabilities, Provisions and Commitments | 12 Months Ended
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Dec. 31, 2024
Disclosure of other provisions [abstract] |
Other Liabilities, Provisions and Commitments | Other Liabilities, Provisions and Commitments 24.1 Other current liabilities
| 2024 | 2023
Short-term employee benefits | Ps. 7,493 | Ps. 6,567
Accrued expenses | 7,117 | 6,288
Other | 1,470 | 734
Total | Ps. 16,080 | Ps. 13,589
24.2 Other current financial liabilities
| 2024 | 2023
Sundry creditors | Ps. 1,196 | Ps. 1,150
Derivative financial instruments (See Note 19) | 320 | 680
Dividends payable | 196 | 209
Total | Ps. 1,712 | Ps. 2,039
24.3 Other non-current liabilities
| 2024 | 2023
Taxes payable | Ps. 38 | Ps. 38
Debt with former shareholders | 1,514 | 1,578
Other | 241 | 825
Total | Ps. 1,793 | Ps. 2,441
24.4 Other non-current financial liabilities
| 2024 | 2023
Derivative financial instruments (See Note 19) | Ps. 2,100 | Ps. 4,668
Success fee to pay | 432 | 460
Security deposits | 196 | 184
Other (1) | 1,103 | 152
Total | Ps. 3,831 | Ps. 5,464
(1) The 2024 amount includes tax credit recovery payment to former shareholders. See Note 18. 24.5 Provisions The Company has various loss contingencies and has recognized provisions for legal proceedings it believes an unfavorable resolution is probable and the amount can be reasonably estimated. The following table presents the nature and amount of the provisions as of December 31, 2024 and 2023:
| 2024 | 2023
Taxes | Ps. 940 | Ps. 1,348
Labor | 1,180 | 1,308 |
Legal | 668 | 614 |
Total (1) | Ps. 2,788 | Ps. 3,270
(1) In Brazil, the Company is required to guarantee tax, legal and labor contingencies with guarantee deposits. See Note 12. 24.6 Changes in the balance of provisions 24.6.1 Taxes
| 2024 | 2023 | 2022
Balance at beginning of the period | Ps. 1,348 | Ps. 1,823 | Ps. 2,066
Penalties and other charges (See Note 18) | 69 | 228 | 109
New contingencies (See Note 18) | 4 | 4 | 306
Cancellation and adjustments (1) (See Note 18) | (283) | (447) | (177)
Payments | (107) | (155) | (473)
Effect of foreign currency exchange rates | (91) | (105) | (8)
Balance at end of the period | Ps. 940 | Ps. 1,348 | Ps. 1,823
(1) Cancellation and adjustments includes Ps.240 related to reduction of contingencies guaranteed by former shareholders. 24.6.2 Labor
| 2024 | 2023 | 2022
Balance at beginning of the period | Ps. 1,308 | Ps. 1,385 | Ps. 1,472
Penalties and other charges (See Note 18) | 71 | 64 | 80
New contingencies (See Note 18) | 361 | 843 | 516
Cancellation and expiration (See Note 18) | (340) | (523) | (385)
Contingencies added in business combinations | — | — | 65
Payments | (181) | (308) | (301)
Effects of foreign currency exchange rates | (39) | (153) | (62)
Balance at end of the period | Ps. 1,180 | Ps. 1,308 | Ps. 1,385
24.6.3 Legal
| 2024 | 2023 | 2022
Balance at beginning of the period | Ps. 614 | Ps. 679 | Ps. 612
Penalties and other charges (See Note 18) | 52 | 50 | 57
New contingencies (See Note 18) | 36 | 117 | 75
Cancellation and expiration (See Note 18) | (35) | (109) | (79)
Contingencies added in business combinations | — | — | 149
Payments | (5) | (68) | (110)
Effect of foreign currency exchange rates | 6 | (55) | (25)
Balance at end of the period | Ps. 668 | Ps. 614 | Ps. 679
While provision for these claims has already been made, the actual outcome of the disputes and the timing of the resolution cannot be estimated by the Company at this time. 24.7 Unsettled lawsuits The Company has entered into several proceedings with its labor unions, tax authorities and other parties. These proceedings have arisen in the ordinary course of business and are common to the industry in which the Company operates. Such contingencies were assessed by the Company as less than probable but more than remote, and the estimated amount including uncertain tax position as of December 31, 2024 of these lawsuits is Ps. 164,577, however, the Company believes that the ultimate resolution of such proceedings will not have a material effect on its consolidated financial position or result of operations. The Company has tax disputes, most of which are related to its Brazilian and Mexican operations, with loss expectations assessed by management and supported by the analysis of legal counsel considered as possible. The main possible tax contingencies of Brazilian and Mexican operations amount to approximately Ps. 110,752. This refers to various tax disputes related primarily to: (i) Ps. 10,454 of credits for ICMS (“VAT”); (ii) Ps. 37,219 related to tax credits of “IPI” (Tax on Industrial Products by its Portuguese acronym) over raw materials acquired from Free Trade Zone Manaus; (iii) Claims of Ps. 30,115 related to compensation of federal taxes not approved by the Tax authorities; (iv) Ps. 12,263 relating to questions about the amortization of goodwill generated in acquisitions operations; (v) Ps. 2,621 relating to liability over the operations of a third party, former distributor, in the period from 2001 to 2003; and (vi) Ps. 706 related to the exclusion of ICMS (“VAT”) from the PIS/COFINS taxable basis and (vii) Ps. 17,374 regarding disputes on tax deductions of ongoing business. The Company is defending its position in these matters and final decision is pending in court. In recent years in its Mexican and Brazilian territories, Coca-Cola FEMSA has been requested to present certain information regarding possible monopolistic practices. These requests are commonly generated in the ordinary course of business in the soft drink industry where these subsidiaries operate. The Company does not expect any material liability to arise from these contingencies. 24.8 Collateralized contingencies As is customary in Brazil, the Company has been required by the tax authorities to collateralize tax contingencies currently in litigation amounting to Ps. 15,700, Ps. 13,692 and Ps. 13,728 as of December 31, 2024, 2023 and 2022, respectively, by pledging fixed assets and entering into available lines of credit covering the contingencies. Also as disclosed in Note 7.2 there is some restricted cash in Brazil that relates to short term deposits in order to fulfill the collateral requirements for accounts payable. 24.9 Commitments The Company has signed commitments for the purchase of property, plant and equipment of Ps. 9,166 and Ps. 3,394 as December 31, 2024 and 2023, respectively.

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