XML 61 R19.htm IDEA: XBRL DOCUMENT
v3.8.0.1

Equity Accounted Investees, Other Investments and Non-Current Accounts Receivable | 12 Months Ended
--- | ---
Dec. 31, 2017
Text block1 [abstract] |
Equity Accounted Investees, Other Investments and Non-Current Accounts Receivable |
13) | EQUITY ACCOUNTED INVESTEES, OTHER INVESTMENTS AND NON-CURRENT ACCOUNTS RECEIVABLE
13.1) | EQUITY ACCOUNTED INVESTEES
As of December 31, 2017 and 2016, the investments in common shares of associates were as follows:
|  | Activity |  |  | Country |  |  | % |  |  |  |  |  | 2017 |  |  | 2016 |
Camcem, S.A. de C.V. |  |  | Cement |  |  |  | Mexico |  |  |  | 40.1 |  |  |  | Ps |  |  |  | 3,618 |  |  |  | 3,674 |
Trinidad Cement Limited |  |  | Cement |  |  |  | Trinidad and Tobago |  |  |  | 39.5 |  |  |  |  |  |  |  | — |  |  |  | 1,689 |
Concrete Supply Co. LLC |  |  | Concrete |  |  |  | United States |  |  |  | 40.0 |  |  |  |  |  |  |  | 1,192 |  |  |  | 1,234 |
Akmenes Cementas AB |  |  | Cement |  |  |  | Lithuania |  |  |  | 37.8 |  |  |  |  |  |  |  | 585 |  |  |  | 586 |
ABC Capital, S.A. Institución de Banca Múltiple |  |  | Financing |  |  |  | Mexico |  |  |  | 33.9 |  |  |  |  |  |  |  | 228 |  |  |  | 474 |
Lehigh White Cement Company |  |  | Cement |  |  |  | United States |  |  |  | 24.5 |  |  |  |  |  |  |  | 375 |  |  |  | 334 |
Société Méridionale de Carrières |  |  | Aggregates |  |  |  | France |  |  |  | 33.3 |  |  |  |  |  |  |  | 367 |  |  |  | 300 |
Société d’Exploitation de Carrières |  |  | Aggregates |  |  |  | France |  |  |  | 50.0 |  |  |  |  |  |  |  | 318 |  |  |  | 257 |
Cemento Interoceánico S.A. (formerly Industrias Básicas, S.A.) |  |  | Cement |  |  |  | Panama |  |  |  | 25.0 |  |  |  |  |  |  |  | 168 |  |  |  | 155 |
Other companies |  |  | — |  |  |  | — |  |  |  | — |  |  |  |  |  |  |  | 1,721 |  |  |  | 1,785 |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  | Ps |  |  |  | 8,572 |  |  |  | 10,488 |
Out of which: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Book value at acquisition date |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Ps |  |  |  | 6,957 |  |  |  | 8,275 |
Changes in stockholders’ equity |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Ps |  |  |  | 1,615 |  |  |  | 2,213 |
During 2016, the Parent Company participated as shareholder in a share restructuring executed by Camcem, S.A. de C.V. (“Camcem”), indirect parent company of Control Administrativo Mexicano, S.A. de C.V. (“Camsa”) and GCC, aimed to simplify its corporate structure, by means of which, Imin de México, S.A. de C.V., intermediate holding company, Camsa and GCC were merged, prevailing GCC as the surviving entity. As a result of the share restructuring, CEMEX’s 10.3% interest in Camcem and 49% interest in Camsa, both before the restructuring, were exchanged on equivalent basis into a 40.1% interest in Camcem and a 23% interest in GCC, which shares of the latest trade in the MSE (note 12.1). On January 25, 2017, in a public offering to investors in Mexico conducted through the BMV and in a concurrent private placement to eligible investors outside of Mexico, the Parent Company and GCC announced the offering of up to 76,483,332 shares (all the shares of GCC owned by CEMEX) at a price range of between 95.00 to 115.00 pesos per share, which included 9,976,087 shares available to the underwriters of the offerings pursuant to a 30-day option to purchase such shares granted to them by CEMEX. During 2017, after conclusion of the public offering and the private placement, CEMEX sold approximately 13.53% of the common stock of GCC at a price of 95.00 pesos per share receiving Ps4,094 after deducting commissions and offering expenses, recognizing a gain on sale of Ps1,859 as part of “Financial income and other items, net” in the income statement. In addition, on September 28, 2017, CEMEX announced the definitive sale to two financial institutions of the remaining 31,483,332 shares of GCC, which represented approximately 9.47% of the equity capital of GCC. Proceeds from the sale were Ps3,012 and generated a gain on sale of Ps1,682 recognized as part of “Financial income and other items, net” in the income statement. CEMEX continues to have an approximate 20% indirect interest in GCC through Camcem. As mentioned in note 4.1, by means of a public offer and take-over bid through its subsidiary Sierra, and effective as of February 1, 2017, CEMEX acquired a majority ownership interest in TCL’s common stock and assumed control of this entity. Combined condensed statement of financial position information of CEMEX’s associates as of December 31, 2017 and 2016 is set forth below:
|  |  |  |  | 2017 |  |  | 2016 |
Current assets |  |  | Ps |  |  |  | 21,527 |  |  |  | 21,651 |
Non-current assets |  |  |  |  |  |  | 32,071 |  |  |  | 41,085 |
Total assets |  |  |  |  |  |  | 53,598 |  |  |  | 62,736 |
Current liabilities |  |  |  |  |  |  | 10,863 |  |  |  | 11,612 |
Non-current liabilities |  |  |  |  |  |  | 17,730 |  |  |  | 22,436 |
Total liabilities |  |  |  |  |  |  | 28,593 |  |  |  | 34,048 |
Total net assets |  |  | Ps |  |  |  | 25,005 |  |  |  | 28,688 |
Combined selected information of the statements of operations of CEMEX’s associates in 2017, 2016 and 2015 is set forth below:
|  |  |  |  | 2017 |  |  | 2016 |  |  | 2015 |
Sales |  |  | Ps |  |  |  | 28,158 |  |  |  | 29,791 |  |  |  | 25,484 |
Operating earnings |  |  |  |  |  |  | 4,458 |  |  |  | 4,730 |  |  |  | 3,523 |
Income before income tax |  |  |  |  |  |  | 2,451 |  |  |  | 3,111 |  |  |  | 3,350 |
Net income |  |  |  |  |  |  | 1,891 |  |  |  | 1,860 |  |  |  | 2,403 |
The share of equity accounted investees by geographic operating segment in the income statements for 2017, 2016 and 2015 is detailed as follows:
|  |  |  |  | 2017 |  |  | 2016 |  |  | 2015 |
Mexico |  |  | Ps |  |  |  | 269 |  |  |  | 452 |  |  |  | 330 |
United States |  |  |  |  |  |  | 266 |  |  |  | 253 |  |  |  | 92 |
Europe |  |  |  |  |  |  | 108 |  |  |  | 54 |  |  |  | 339 |
Corporate and others |  |  |  |  |  |  | (55 | ) |  |  | (71 | ) |  |  | (24 | )
|  |  | Ps |  |  |  | 588 |  |  |  | 688 |  |  |  | 737 |
13.2) | OTHER INVESTMENTS AND NON-CURRENT ACCOUNTS RECEIVABLE
As of December 31, 2017 and 2016, consolidated other investments and non-current accounts receivable were summarized as follows:
|  |  |  |  | 2017 |  |  | 2016 |
Non-current portion of valuation of derivative financial instruments |  |  | Ps |  |  |  | 794 |  |  |  | 1,900 |
Non-current accounts receivable and other investments1 |  |  |  |  |  |  | 4,612 |  |  |  | 4,572 |
Investments available-for-sale2 |  |  |  |  |  |  | 275 |  |  |  | 491 |
Investments held for trading3 |  |  |  |  |  |  | 77 |  |  |  | 157 |
|  |  | Ps |  |  |  | 5,758 |  |  |  | 7,120 |
1 | Includes, among other items: a) advances to suppliers of fixed assets of Ps43 in 2017 and Ps52 in 2016. CEMEX recognized impairment losses of non-current accounts receivable in Costa Rica of Ps21 in 2016, and in Egypt and Colombia of Ps71 and Ps22 in 2015, respectively.
2 | This line item refers mainly to a strategic investment in CPOs of Axtel, S.A.B. de C.V. (“Axtel”). This investment is recognized as available for sale at fair value and changes in valuation are recorded in other items comprehensive income, net until its disposal.
3 | This line item refers to investments in private funds. In 2017 and 2016, no contributions were made to such private funds.

X
- Definition Entire disclosure of equity accounted investees, other investments and non-current accounts receivable. + References No definition available. + Details
Name: | cx_DisclosureOfEquityAccountedInvesteesOtherInvestmentsAndNoncurrentAccountsReceivableExplanatory
Namespace Prefix: | cx_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Text block1 [abstract] + References No definition available. + Details
Name: | cx_TextBlock1Abstract
Namespace Prefix: | cx_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration