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Stockholders' Equity (Tables)
 12 Months Ended
Dec. 31, 2017
Text block1 [abstract]  
Summary of Breakdown of Common Stock and Additional Paid-in Capital

As of December 31, 2017 and 2016, the breakdown of common stock and additional paid-in capital was as follows:

 

            2017      2016  

Common stock

      Ps        4,171        4,162  

Additional paid-in capital

         140,483        123,174  
     

 

 

     

 

 

  
     Ps        144,654        127,336  
     

 

 

     

 

 

  
Summary of Common Stock

As of December 31, 2017 and 2016 the common stock of CEMEX, S.A.B. de C.V. was presented as follows:

 

     2017      2016  

Shares 1

   Series A2      Series B2      Series A2      Series B2  

Subscribed and paid shares

      30,214,469,912        15,107,234,956        28,121,583,148        14,060,791,574  

Unissued shares authorized for executives’ stock compensation programs

      531,739,616        265,869,808        638,468,154        319,234,077  

Shares that guarantee the issuance of convertible securities3

      4,529,605,020        2,264,802,510        5,218,899,920        2,609,449,960  
  

 

 

     

 

 

     

 

 

     

 

 

  
     35,275,814,548        17,637,907,274        33,978,951,222        16,989,475,611  
  

 

 

     

 

 

     

 

 

     

 

 

  

 

1 As of December 31, 2017 and 2016, 13,068,000,000 shares correspond to the fixed portion, and 39,845,721,822 shares in 2017 and 37,900,426,833 shares in 2016, correspond to the variable portion.
2 Series “A” or Mexican shares must represent at least 64% of CEMEX’s capital stock; meanwhile, Series “B” or free subscription shares must represent at most 36% of CEMEX’s capital stock.
3 Shares that guarantee the conversion of both the outstanding voluntary and mandatorily convertible securities and new securities issues (note 16.2).
Summary of Other Equity Reserves

As of December 31, 2017 and 2016 other equity reserves are summarized as follows:

 

            2017     2016  

Cumulative translation effect, net of effects from perpetual debentures and deferred income taxes recognized directly in equity (notes 19.2 and 20.4)

      Ps        21,288       31,293  

Cumulative actuarial losses

         (10,931 )      (10,934 ) 

Effects associated with CEMEX´s convertible securities1

         3,427       4,761  

Treasury shares held by subsidiaries

         (301 )      (327 ) 
     

 

 

    

 

 

  
     Ps        13,483       24,793  
     

 

 

    

 

 

  

 

1 Represents the equity component upon the issuance of CEMEX’s convertible securities described in note 16.2, as well as the effects associated with such securities in connection with the change in the Parent Company’s functional currency (note 2.4). Upon conversion of these securities, the balances have been correspondingly reclassified to common stock and/or additional paid-in capital (note 16.1).
Summary of Translation Effects of Foreign Subsidiaries Included in Statements of Comprehensive Income (Loss)

For the years ended December 31, 2017, 2016 and 2015, the translation effects of foreign subsidiaries included in the statements of comprehensive income were as follows:

 

            2017     2016     2015  

Foreign currency translation result1

      Ps        (3,116 )      20,648       12,869  

Foreign exchange fluctuations from debt2

         (4,160 )      1,367       908  

Foreign exchange fluctuations from intercompany balances3

         (2,243 )      (10,385 )      (5,801 ) 
     

 

 

    

 

 

    

 

 

  
     Ps        (9,519 )      11,630       7,976  
     

 

 

    

 

 

    

 

 

  

 

1 These effects refer to the result from the translation of the financial statements of foreign subsidiaries and include the changes in fair value of foreign exchange forward contracts designated as hedge of a net investment (note 16.4).
2 Generated by foreign exchange fluctuations over a notional amount of debt in CEMEX, S.A.B. de C.V., associated with the acquisition of foreign subsidiaries and designated as a hedge of the net investment in foreign subsidiaries (note 2.4).
3 Refers to foreign exchange fluctuations arising from balances with related parties in foreign currencies that are of a long-term investment nature considering that their liquidation is not anticipated in the foreseeable future and foreign exchange fluctuations over a notional amount of debt of a subsidiary of CEMEX España identified and designated as a hedge of the net investment in foreign subsidiaries.
Detail of Cemex's Perpetual Debentures, Excluding Perpetual Debentures Held by Subsidiaries

As of December 31, 2017 and 2016, the detail of CEMEX’s perpetual debentures, excluding the perpetual debentures held by subsidiaries, was as follows:

 

        2017     2016     Repurchase
option		   Interest rate

Issuer

   Issuance date   Nominal amount     Nominal amount      

C10-EUR Capital (SPV) Ltd

   May 2007   € 64     € 64     Tenth anniversary   EURIBOR + 4.79%

C8 Capital (SPV) Ltd

   February 2007   US$ 135     US$ 135     Eighth anniversary   LIBOR + 4.40%

C5 Capital (SPV) Ltd1

   December 2006   US$ 61     US$ 61     Fifth anniversary   LIBOR + 4.277%

C10 Capital (SPV) Ltd

   December 2006   US$ 175     US$ 175     Tenth anniversary   LIBOR + 4.71%

 

 

1 Under the 2017 Credit Agreement, and previously under the 2014 Credit Agreement, CEMEX is not permitted to call these debentures.