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Business Combinations, Discontinued Operations, Sale of Other Disposal Groups and Selected Financial Information by Reportable Segment and Line of Business | 12 Months Ended
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Dec. 31, 2018
Text block [abstract] |
Business Combinations, Discontinued Operations, Sale of Other Disposal Groups and Selected Financial Information by Reportable Segment and Line of Business |
4) | BUSINESS COMBINATIONS, DISCONTINUED OPERATIONS, SALE OF OTHER DISPOSAL GROUPS AND SELECTED FINANCIAL INFORMATION BY REPORTABLE SEGMENT AND LINE OF BUSINESS
4.1) | BUSINESS COMBINATIONS
On December 5, 2016, through its subsidiary Sierra Trading (“Sierra”), CEMEX presented an offer and take-over bid, which was amended on January 9, 2017 (the “Offer”), to all shareholders of Trinidad Cement Limited (“TCL”), a company publicly listed in Trinidad and Tobago, to acquire up to 132,616,942 ordinary shares in TCL (equivalent to approximately 30.2% of TCL’s common stock). TCL’s main operations are in Trinidad and Tobago, Jamaica and Barbados. TCL shares deposited in response to the Offer together with Sierra’s then existing 39.5% shareholding in TCL represented approximately 69.8% of the outstanding shares of TCL. The total consideration paid by Sierra for the TCL shares under the Offer was US$86 (Ps1,791). CEMEX started consolidating TCL on February 1, 2017. CEMEX determined a fair value of TCL’s assets as of February 1, 2017 of US$531 (Ps11,061), which considered a price of TT$5.07 per share for the percentage acquired in the Offer and TT$4.15 per share, or the market price before the Offer, for the remaining shares, and US$113 (Ps2,354) of debt assumed, among other effects. The purchase of TCL represented a step acquisition. As a result, the remeasurement of CEMEX’s previous held ownership interest in TCL of 39.5% generated a gain of US$32 (Ps623) in 2017 as part of “Financial income and other items, net.” All convenience translations to pesos above consider an exchange rate of 20.83 pesos per dollar as of February 1, 2017. After concluding in 2018 the allocation of TCL’s fair value to the assets acquired and liabilities assumed, the statement of financial position of TCL at the acquisition date of February 1, 2017 was as follows:
|  |  |  |  | As of February 1, 2017 |
Current assets |  | US$ |  |  |  |  | 84 |
Property, machinery and equipment |  |  |  |  |  |  | 331 |
Intangible assets and other non-current assets (include goodwill of US$106) |  |  |  |  |  |  | 116 |
Total assets |  |  |  |  |  |  | 531 |
Current liabilities (includes debt of US$47) |  |  |  |  |  |  | 122 |
Non-current liabilities (includes debt of US$97 and deferred tax liabilities of US$19) |  |  |  |  |  |  | 160 |
Total liabilities |  |  |  |  |  |  | 282 |
Net assets |  | US$ |  |  |  |  | 249 |
Non-controlling interest net assets |  |  |  |  |  |  | 70 |
Controlling interest net assets |  | US$ |  |  |  |  | 179 |
In addition, in August 2018, a subsidiary of CEMEX in the United Kingdom acquired all the shares of the ready-mix producer Procon Readymix Ltd (“Procon”) for an amount in pounds sterling equivalent to US$22, considering the pound sterling to dollar exchange rate as of August 31, 2018. As of December 31, 2018, based on the preliminary valuation of the fair values of the assets acquired and liabilities assumed, the net assets of Procon amount to US$10 (Ps196) and goodwill was determined in the amount of US$12 (Ps244).
4.2) | DISCONTINUED OPERATIONS
On September 27, 2018, CEMEX concluded the sale of its construction materials operations in Brazil (the “Brazilian Operations”) through the sale to Votorantim Cimentos N/NE S.A. of all the shares of CEMEX’s Brazilian subsidiary Cimento Vencemos Do Amazonas Ltda, consisting of a fluvial cement distribution terminal located in Manaus, Amazonas province, as well as the operation license. The sale price was US$31 (Ps580). CEMEX determined a net gain on sale of US$12 (Ps234), including a withholding tax expense of US$3 and the reclassification of a foreign currency translation loss accrued in equity of US$7 (Ps140). CEMEX’s Brazilian Operations for the period from January 1 to September 27, 2018 and the years 2017 and 2016 were reclassified to the single line item “Discontinued Operations.” On June 30, 2017, CEMEX concluded the sale of its Pacific Northwest Materials Business consisting of aggregate, asphalt and ready-mix concrete operations in Oregon and Washington to Cadman Materials, Inc., a subsidiary of HeidelbergCement Group, for US$150. CEMEX determined a net gain on disposal of these assets of US$22 (Ps399), which included a proportional allocation of goodwill of US$73 (Ps1,324). Considering the disposal of its Pacific Northwest Materials Business, the operations of that business for the six-month period ending June 30, 2017 and for the year 2016 were reclassified to the single line item “Discontinued Operations.” On January 31, 2017, CEMEX concluded the sale of its Concrete Reinforced Pipe Manufacturing Business (“Concrete Pipe Business”) in the United States to Quikrete Holdings, Inc. for US$500 plus an additional US$40 contingent consideration based on future performance. CEMEX determined a net gain on disposal of these assets for US$148 (Ps3,083), which included a proportional allocation of goodwill of US$260 (Ps5,369). Considering the disposal of the entire Concrete Pipe Business, its operations for the one-month period ending January 31, 2017 and the year 2016 were reclassified to the single line item “Discontinued Operations.” On May 26, 2016, CEMEX closed the sale of its operations in Bangladesh and Thailand to Siam City Cement Public Company Ltd. for US$70 (Ps1,450). CEMEX determined a gain on sale of US$24 (Ps424) net of the reclassification of foreign currency translation gains accrued in equity of US$7 (Ps122). The operations in Bangladesh and Thailand for the period from January 1 to May 26, 2016, included in CEMEX’s income statements, were reclassified to the single line item “Discontinued Operations.” The following table presents condensed combined information of the statement of operations of CEMEX’s discontinued operations in Brazil for the period from January 1 to September 27, 2018 and for the years 2017 and 2016, in the Pacific Northwest Materials Business in the United States for the six-months period ended June 30, 2017 and for the year 2016; the Concrete Pipe Business operations in the United States for the one-month period ended January 31, 2017 and for the year 2016, and the operations in Bangladesh and Thailand for the period from January 1 to May 26, 2016:
|  |  |  |  | 2018 |  |  | 2017 |  |  | 2016 |
Sales |  |  | Ps |  |  |  | 503 |  |  |  | 2,235 |  |  |  | 9,445 |
Cost of sales and operating expenses |  |  |  |  |  |  | (495 | ) |  |  | (2,257 | ) |  |  | (8,983 | )
Other products (expenses), net |  |  |  |  |  |  | (1 | ) |  |  | 14 |  |  |  | (3 | )
Financial expenses, net and others |  |  |  |  |  |  | (5 | ) |  |  | — |  |  |  | (32 | )
Earnings before income tax |  |  |  |  |  |  | 2 |  |  |  | (8 | ) |  |  | 427 |
Income tax |  |  |  |  |  |  | (6 | ) |  |  | (1 | ) |  |  | (102 | )
Result of discontinued operations |  |  |  |  |  |  | (4 | ) |  |  | (9 | ) |  |  | 325 |
Disposal result, withholding taxes and reclassification of currency translation effects |  |  |  |  |  |  | 216 |  |  |  | 3,470 |  |  |  | 388 |
Net result of discontinued operations |  |  | Ps |  |  |  | 212 |  |  |  | 3,461 |  |  |  | 713 |
As of December 31, 2017, the condensed information of the statement of financial position of the Brazilian Operations was as follows:
|  |  |  |  | 2017 |
Current assets |  |  | Ps |  |  |  | 148 |
Property, machinery and equipment, net and other non-current assets |  |  |  |  |  |  | 140 |
Total assets |  |  |  |  |  |  | 288 |
Current liabilities |  |  |  |  |  |  | 66 |
Non-current liabilities |  |  |  |  |  |  | — |
Total liabilities |  |  |  |  |  |  | 66 |
Net assets |  |  | Ps |  |  |  | 222 |
4.3) | OTHER DISPOSAL GROUPS
As of December 31, 2018, CEMEX is in negotiations for the sale of its ready-mix and aggregates business in the central region of France. The transaction is subject to several customary authorizations and CEMEX expects to conclude this sale in the short-term. The assets and liabilities of this business are presented as assets held for sale and liabilities directly related in the statement of financial position as of December 31, 2018, including a proportional allocation of goodwill related to this reporting segment of US$22 (Ps439). On November 18, 2016, a subsidiary of CEMEX in the United States closed the sale to an affiliate of Grupo Cementos de Chihuahua, S.A.B. de C.V. (“GCC”) of certain assets consisting of CEMEX’s cement plant in Odessa, Texas, two cement terminals and the building materials business in El Paso, Texas and Las Cruces, New Mexico, for an amount of US$306 (Ps6,340). The Odessa plant had an annual production capacity of approximately 537 thousand metric tons (unaudited). The transfer of control was effective on November 18, 2016. As a result of the sale of these assets, CEMEX recognized in 2016 a gain of US$104 (Ps2,159) as part of “Other expenses, net” in the income statement of 2016, net of an expense for the proportional write-off of goodwill associated to CEMEX’s reporting segment in the United States based on their relative fair values for US$161 (Ps3,340) and the reclassification of proportional foreign currency translation gains associated with these net assets accrued in equity until disposal for US$65 (Ps1,347). On September 12, 2016, CEMEX announced that one of its subsidiaries in the United States signed a definitive agreement for the sale of its Fairborn, Ohio cement plant and cement terminal in Columbus, Ohio to Eagle Materials Inc. (“Eagle Materials”) for US$400 (Ps8,288). Fairborn plant had an annual production capacity of approximately 730 thousand metric tons (unaudited). On February 10, 2017, CEMEX closed the divestment of these assets, and recognized in 2017 a gain on disposal for US$188 (Ps3,694) as part of “Other expenses, net” in the income statement, net of an expense for the proportional write-off of goodwill associated to CEMEX’s reporting segment in the United States based on their relative fair values for US$211 (Ps4,365). The operations of the net assets in the central region of France and those sold to GCC and Eagle Materials, mentioned above, did not represent discontinued operations and were consolidated by CEMEX line-by-line in the income statements for the year 2018, 2017 and 2016, until their disposal. In arriving at this conclusion, CEMEX evaluated: a) the Company’s ongoing operations in France and cement operations of its CGUs in Texas and the Mid-West; and b) the relative size of the net assets sold and held for sale in respect to the Company’s remaining overall ongoing operations in France and the United States. Moreover, as a reasonability check, CEMEX measured the materiality of such net assets as a percentage of consolidated net sales, operating earnings before other expenses, net, net income and total assets. The percentage was not material in any case. For the year 2018, 2017 and 2016, selected combined income statement information of the net assets in the central region of France and those sold to GCC and Eagle Materials, until their disposal, was as follows:
|  |  |  |  | 2018 |  |  | 2017 |  |  | 2016 |
Net sales |  |  | Ps |  |  |  | 1,169 |  |  |  | 1,194 |  |  |  | 4,544 |
Operating costs and expenses |  |  |  |  |  |  | (1,205 | ) |  |  | (1,201 | ) |  |  | (4,064 | )
Operating earnings (losses) before other expenses, net |  |  | Ps |  |  |  | (36 | ) |  |  | (7 | ) |  |  | 480 |
As of December 31, 2018, the condensed balance sheet of the net assets expected to be sold in the central region of France was as follows:
|  |  |  |  | 2018 |
Current assets |  |  | Ps |  |  |  | 189 |
Non-current assets |  |  |  |  |  |  | 763 |
Total assets of the disposal group |  |  |  |  |  |  | 952 |
Current liabilities |  |  |  |  |  |  | 211 |
Non-current liabilities |  |  |  |  |  |  | 103 |
Total liabilities directly related to disposal group |  |  |  |  |  |  | 314 |
Total net assets of disposal group |  |  | Ps |  |  |  | 638 |
In addition, on April 28, 2017, CEMEX concluded the sale of its assets and activities related to the ready-mix concrete pumping business in Mexico to Cementos Españoles de Bombeo, S. de R.L., subsidiary in Mexico of Pumping Team S.L.L. (“Pumping Team”), specialist in the supply of ready-mix concrete pumping services based in Spain, for an aggregate price of Ps1,649, which included the sale of fixed assets for Ps309, plus administrative and client and market development services, as well as the lease of facilities in Mexico that CEMEX will supply to Pumping Team over a period of ten years with the possibility to extend for three additional years, for an aggregate initial amount of Ps1,340, which are recognized each period as services are rendered. There is the possibility of a contingent revenue subject to results for up to Ps557 linked to annual metrics beginning in the first year and up to the fifth year of the agreement. For the first year of operation under the agreements from May 2017 to April 2018, CEMEX received Ps25 of this contingent revenue.
4.4) | SELECTED FINANCIAL INFORMATION BY REPORTABLE SEGMENT AND LINE OF BUSINESS
Reportable segments represent the components of CEMEX that engage in business activities from which CEMEX may earn revenues and incur expenses, whose operating results are regularly reviewed by the entity’s top management to make decisions about resources to be allocated to the segments and assess their performance, and for which discrete financial information is available. CEMEX operates geographically and by business on a regional basis. For the reported periods, the Company’s operations were organized in five geographical regions, each under the supervision of a regional president, as follows: 1) Mexico, 2) United States, 3) Europe, 4) South, Central America and the Caribbean (“SCA&C”), and 5) Asia, Middle East and Africa (“AMEA”). The accounting policies applied to determine the financial information by reportable segment are consistent with those described in note 2. Considering similar regional and economic characteristics and/or materiality, certain countries have been aggregated and presented as single line items as follows: a) “Rest of Europe” refers mainly to CEMEX’s operations and activities in Croatia, Latvia, Scandinavia and Finland; b) “Rest of South, Central America and the Caribbean” refers mainly to CEMEX’s operations and activities in Puerto Rico, Nicaragua, Jamaica, the Caribbean, Guatemala and El Salvador, excluding the acquired operations of TCL; c) “Caribbean TCL” refers to TCL’s operations mainly in Trinidad and Tobago, Jamaica, Guyana and Barbados; and d) “Rest of Asia, Middle East and Africa” refers mainly to CEMEX’s operations in the United Arab Emirates. The segment “Others” refers to: 1) cement trade maritime operations, 2) Neoris N.V., CEMEX’s subsidiary involved in the business of information technology solutions, 3) the Parent Company, other corporate entities and finance subsidiaries, and 4) other minor subsidiaries with different lines of business. Selected information of the consolidated income statements by reportable segment for the years 2018, 2017 and 2016, excluding the share of profits of equity accounted investees by reportable segment that is included in the note 13.1, was as follows:
2018 |  |  |  |  | Revenues (including intragroup transactions) |  |  | Less: Intragroup transactions |  |  | Revenues |  |  | Operating EBITDA |  |  | Less: Depreciation and amortization |  |  | Operating earnings before other expenses, net |  |  | Other expenses, net |  |  | Financial expense |  |  | Other financing items, net |
Mexico |  |  | Ps |  |  |  | 63,543 |  |  |  | (1,759 | ) |  |  | 61,784 |  |  |  | 22,204 |  |  |  | 2,198 |  |  |  | 20,006 |  |  |  | (626 | ) |  |  | (469 | ) |  |  | (29 | )
United States |  |  |  |  |  |  | 72,345 |  |  |  | — |  |  |  | 72,345 |  |  |  | 12,069 |  |  |  | 5,917 |  |  |  | 6,152 |  |  |  | (362 | ) |  |  | (571 | ) |  |  | (217 | )
Europe |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
United Kingdom |  |  |  |  |  |  | 20,431 |  |  |  | — |  |  |  | 20,431 |  |  |  | 2,071 |  |  |  | 1,064 |  |  |  | 1,007 |  |  |  | 133 |  |  |  | (67 | ) |  |  | (406 | )
France |  |  |  |  |  |  | 18,308 |  |  |  | — |  |  |  | 18,308 |  |  |  | 1,272 |  |  |  | 577 |  |  |  | 695 |  |  |  | (959 | ) |  |  | (62 | ) |  |  | (3 | )
Germany |  |  |  |  |  |  | 10,836 |  |  |  | (1,450 | ) |  |  | 9,386 |  |  |  | 748 |  |  |  | 531 |  |  |  | 217 |  |  |  | (152 | ) |  |  | (14 | ) |  |  | (79 | )
Spain |  |  |  |  |  |  | 7,627 |  |  |  | (898 | ) |  |  | 6,729 |  |  |  | 220 |  |  |  | 662 |  |  |  | (442 | ) |  |  | (303 | ) |  |  | (43 | ) |  |  | 58 |
Poland |  |  |  |  |  |  | 6,989 |  |  |  | (80 | ) |  |  | 6,909 |  |  |  | 783 |  |  |  | 390 |  |  |  | 393 |  |  |  | 8 |  |  |  | (4 | ) |  |  | 7 |
Czech Republic |  |  |  |  |  |  | 3,796 |  |  |  | (31 | ) |  |  | 3,765 |  |  |  | 867 |  |  |  | 300 |  |  |  | 567 |  |  |  | 16 |  |  |  | (2 | ) |  |  | (36 | )
Rest of Europe |  |  |  |  |  |  | 6,365 |  |  |  | (869 | ) |  |  | 5,496 |  |  |  | 747 |  |  |  | 375 |  |  |  | 372 |  |  |  | (447 | ) |  |  | (10 | ) |  |  | (10 | )
SCA&C |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Colombia1 |  |  |  |  |  |  | 10,088 |  |  |  | — |  |  |  | 10,088 |  |  |  | 1,845 |  |  |  | 533 |  |  |  | 1,312 |  |  |  | (251 | ) |  |  | (132 | ) |  |  | (483 | )
Panama1 |  |  |  |  |  |  | 4,490 |  |  |  | (226 | ) |  |  | 4,264 |  |  |  | 1,234 |  |  |  | 313 |  |  |  | 921 |  |  |  | (52 | ) |  |  | (4 | ) |  |  | 3 |
Costa Rica1 |  |  |  |  |  |  | 2,674 |  |  |  | (274 | ) |  |  | 2,400 |  |  |  | 873 |  |  |  | 91 |  |  |  | 782 |  |  |  | (5 | ) |  |  | (2 | ) |  |  | 148 |
Caribbean TCL3 |  |  |  |  |  |  | 4,893 |  |  |  | (99 | ) |  |  | 4,794 |  |  |  | 1,080 |  |  |  | 375 |  |  |  | 705 |  |  |  | (316 | ) |  |  | (48 | ) |  |  | (28 | )
Dominican Republic |  |  |  |  |  |  | 4,218 |  |  |  | (310 | ) |  |  | 3,908 |  |  |  | 1,153 |  |  |  | 180 |  |  |  | 973 |  |  |  | (17 | ) |  |  | (7 | ) |  |  | (64 | )
Rest of SCA&C1 |  |  |  |  |  |  | 7,781 |  |  |  | (393 | ) |  |  | 7,388 |  |  |  | 1,427 |  |  |  | 170 |  |  |  | 1,257 |  |  |  | (128 | ) |  |  | (15 | ) |  |  | 70 |
AMEA |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Philippines2 |  |  |  |  |  |  | 8,612 |  |  |  | — |  |  |  | 8,612 |  |  |  | 1,183 |  |  |  | 523 |  |  |  | 660 |  |  |  | 54 |  |  |  | (20 | ) |  |  | (50 | )
Egypt |  |  |  |  |  |  | 4,586 |  |  |  | — |  |  |  | 4,586 |  |  |  | 529 |  |  |  | 303 |  |  |  | 226 |  |  |  | (176 | ) |  |  | (29 | ) |  |  | (70 | )
Israel |  |  |  |  |  |  | 12,128 |  |  |  | — |  |  |  | 12,128 |  |  |  | 1,548 |  |  |  | 292 |  |  |  | 1,256 |  |  |  | 8 |  |  |  | (36 | ) |  |  | (8 | )
Rest of AMEA |  |  |  |  |  |  | 2,263 |  |  |  | — |  |  |  | 2,263 |  |  |  | 352 |  |  |  | 88 |  |  |  | 264 |  |  |  | (4 | ) |  |  | (3 | ) |  |  | (5 | )
Others |  |  |  |  |  |  | 24,667 |  |  |  | (13,396 | ) |  |  | 11,271 |  |  |  | (2,939 | ) |  |  | 1,188 |  |  |  | (4,127 | ) |  |  | (2,258 | ) |  |  | (11,059 | ) |  |  | 1,298 |
Continuing operations |  |  |  |  |  |  | 296,640 |  |  |  | (19,785 | ) |  |  | 276,855 |  |  |  | 49,266 |  |  |  | 16,070 |  |  |  | 33,196 |  |  |  | (5,837 | ) |  |  | (12,597 | ) |  |  | 96 |
Discontinued operations |  |  |  |  |  |  | 503 |  |  |  | — |  |  |  | 503 |  |  |  | 11 |  |  |  | 3 |  |  |  | 8 |  |  |  | (1 | ) |  |  | — |  |  |  | (5 | )
Total |  |  | Ps |  |  |  | 297,143 |  |  |  | (19,785 | ) |  |  | 277,358 |  |  |  | 49,277 |  |  |  | 16,073 |  |  |  | 33,204 |  |  |  | (5,838 | ) |  |  | (12,597 | ) |  |  | 91 |
2017 |  |  |  |  | Revenues (including intragroup transactions) |  |  | Less: Intragroup transactions |  |  | Revenues |  |  | Operating EBITDA |  |  | Less: Depreciation and amortization |  |  | Operating earnings before other expenses, net |  |  | Other expenses, net |  |  | Financial expense |  |  | Other financing items, net |
Mexico |  | Ps |  |  |  |  | 58,442 |  |  |  | (1,075 | ) |  |  | 57,367 |  |  |  | 21,215 |  |  |  | 2,246 |  |  |  | 18,969 |  |  |  | (687 | ) |  |  | (409 | ) |  |  | (534 | )
United States |  |  |  |  |  |  | 65,536 |  |  |  | — |  |  |  | 65,536 |  |  |  | 10,652 |  |  |  | 6,200 |  |  |  | 4,452 |  |  |  | 3,202 |  |  |  | (631 | ) |  |  | (177 | )
Europe |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
United Kingdom |  |  |  |  |  |  | 20,179 |  |  |  | — |  |  |  | 20,179 |  |  |  | 2,763 |  |  |  | 997 |  |  |  | 1,766 |  |  |  | 450 |  |  |  | (77 | ) |  |  | (397 | )
France |  |  |  |  |  |  | 16,162 |  |  |  | — |  |  |  | 16,162 |  |  |  | 855 |  |  |  | 549 |  |  |  | 306 |  |  |  | (129 | ) |  |  | (61 | ) |  |  | 18 |
Germany |  |  |  |  |  |  | 10,056 |  |  |  | (1,339 | ) |  |  | 8,717 |  |  |  | 743 |  |  |  | 509 |  |  |  | 234 |  |  |  | (11 | ) |  |  | (14 | ) |  |  | (63 | )
Spain |  |  |  |  |  |  | 6,870 |  |  |  | (990 | ) |  |  | 5,880 |  |  |  | 344 |  |  |  | 638 |  |  |  | (294 | ) |  |  | (711 | ) |  |  | (34 | ) |  |  | 12 |
Poland |  |  |  |  |  |  | 5,552 |  |  |  | (74 | ) |  |  | 5,478 |  |  |  | 647 |  |  |  | 361 |  |  |  | 286 |  |  |  | (140 | ) |  |  | (30 | ) |  |  | (8 | )
Czech Republic |  |  |  |  |  |  | 3,450 |  |  |  | (33 | ) |  |  | 3,417 |  |  |  | 815 |  |  |  | 333 |  |  |  | 482 |  |  |  | 37 |  |  |  | 44 |  |  |  | 53 |
Rest of Europe |  |  |  |  |  |  | 5,989 |  |  |  | (831 | ) |  |  | 5,158 |  |  |  | 648 |  |  |  | 355 |  |  |  | 293 |  |  |  | (168 | ) |  |  | (68 | ) |  |  | 18 |
SCA&C |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Colombia1 |  |  |  |  |  |  | 10,685 |  |  |  | — |  |  |  | 10,685 |  |  |  | 2,166 |  |  |  | 507 |  |  |  | 1,659 |  |  |  | (642 | ) |  |  | (129 | ) |  |  | (36 | )
Panama1 |  |  |  |  |  |  | 5,112 |  |  |  | (98 | ) |  |  | 5,014 |  |  |  | 2,007 |  |  |  | 319 |  |  |  | 1,688 |  |  |  | (20 | ) |  |  | (5 | ) |  |  | 7 |
Costa Rica1 |  |  |  |  |  |  | 2,805 |  |  |  | (379 | ) |  |  | 2,426 |  |  |  | 1,000 |  |  |  | 99 |  |  |  | 901 |  |  |  | — |  |  |  | (5 | ) |  |  | 29 |
Caribbean TCL3 |  |  |  |  |  |  | 4,332 |  |  |  | (49 | ) |  |  | 4,283 |  |  |  | 1,059 |  |  |  | 610 |  |  |  | 449 |  |  |  | (139 | ) |  |  | (215 | ) |  |  | (25 | )
Dominican Republic |  |  |  |  |  |  | 3,913 |  |  |  | (339 | ) |  |  | 3,574 |  |  |  | 1,073 |  |  |  | 191 |  |  |  | 882 |  |  |  | (23 | ) |  |  | (10 | ) |  |  | (5 | )
Rest of SCA&C1 |  |  |  |  |  |  | 7,803 |  |  |  | (533 | ) |  |  | 7,270 |  |  |  | 1,529 |  |  |  | 258 |  |  |  | 1,271 |  |  |  | (1,046 | ) |  |  | (13 | ) |  |  | (7 | )
AMEA |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Philippines2 |  |  |  |  |  |  | 8,296 |  |  |  | — |  |  |  | 8,296 |  |  |  | 1,394 |  |  |  | 528 |  |  |  | 866 |  |  |  | 89 |  |  |  | (3 | ) |  |  | (24 | )
Egypt |  |  |  |  |  |  | 3,862 |  |  |  | — |  |  |  | 3,862 |  |  |  | 594 |  |  |  | 299 |  |  |  | 295 |  |  |  | (210 | ) |  |  | (60 | ) |  |  | 574 |
Israel |  |  |  |  |  |  | 11,377 |  |  |  | — |  |  |  | 11,377 |  |  |  | 1,469 |  |  |  | 287 |  |  |  | 1,182 |  |  |  | (15 | ) |  |  | 3 |  |  |  | 21 |
Rest of AMEA |  |  |  |  |  |  | 2,139 |  |  |  | — |  |  |  | 2,139 |  |  |  | 386 |  |  |  | 76 |  |  |  | 310 |  |  |  | (159 | ) |  |  | (31 | ) |  |  | (9 | )
Others |  |  |  |  |  |  | 21,820 |  |  |  | (11,203 | ) |  |  | 10,617 |  |  |  | (2,759 | ) |  |  | 626 |  |  |  | (3,385 | ) |  |  | (3,493 | ) |  |  | (17,553 | ) |  |  | 4,169 |
Continuing operations |  |  |  |  |  |  | 274,380 |  |  |  | (16,943 | ) |  |  | 257,437 |  |  |  | 48,600 |  |  |  | 15,988 |  |  |  | 32,612 |  |  |  | (3,815 | ) |  |  | (19,301 | ) |  |  | 3,616 |
Discontinued operations |  |  |  |  |  |  | 2,235 |  |  |  | — |  |  |  | 2,235 |  |  |  | 39 |  |  |  | 61 |  |  |  | (22 | ) |  |  | 14 |  |  |  | — |  |  |  | — |
Total |  |  |  |  |  | Ps | 276,615 |  |  |  | (16,943 | ) |  |  | 259,672 |  |  |  | 48,639 |  |  |  | 16,049 |  |  |  | 32,590 |  |  |  | (3,801 | ) |  |  | (19,301 | ) |  |  | 3,616 |
Mexico |  |  |  |  |  | Ps | 53,579 |  |  |  | (848 | ) |  |  | 52,731 |  |  |  | 19,256 |  |  |  | 2,390 |  |  |  | 16,866 |  |  |  | (608 | ) |  |  | (339 | ) |  |  | 2,695 |
United States |  |  |  |  |  |  | 66,554 |  |  |  | — |  |  |  | 66,554 |  |  |  | 10,973 |  |  |  | 6,400 |  |  |  | 4,573 |  |  |  | 2,919 |  |  |  | (487 | ) |  |  | (212 | )
Europe |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
United Kingdom |  |  |  |  |  |  | 21,153 |  |  |  | — |  |  |  | 21,153 |  |  |  | 3,606 |  |  |  | 1,047 |  |  |  | 2,559 |  |  |  | 711 |  |  |  | (63 | ) |  |  | (393 | )
France |  |  |  |  |  |  | 14,535 |  |  |  | — |  |  |  | 14,535 |  |  |  | 669 |  |  |  | 484 |  |  |  | 185 |  |  |  | (110 | ) |  |  | (53 | ) |  |  | 2 |
Germany |  |  |  |  |  |  | 9,572 |  |  |  | (1,385 | ) |  |  | 8,187 |  |  |  | 553 |  |  |  | 464 |  |  |  | 89 |  |  |  | (64 | ) |  |  | (15 | ) |  |  | (85 | )
Spain |  |  |  |  |  |  | 6,563 |  |  |  | (841 | ) |  |  | 5,722 |  |  |  | 814 |  |  |  | 663 |  |  |  | 151 |  |  |  | (112 | ) |  |  | (37 | ) |  |  | (9 | )
Poland |  |  |  |  |  |  | 4,799 |  |  |  | (88 | ) |  |  | 4,711 |  |  |  | 579 |  |  |  | 330 |  |  |  | 249 |  |  |  | 6 |  |  |  | (11 | ) |  |  | 123 |
Czech Republic |  |  |  |  |  |  | 3,027 |  |  |  | (30 | ) |  |  | 2,997 |  |  |  | 622 |  |  |  | 328 |  |  |  | 294 |  |  |  | (117 | ) |  |  | (4 | ) |  |  | 2 |
Rest of Europe |  |  |  |  |  |  | 4,908 |  |  |  | (511 | ) |  |  | 4,397 |  |  |  | 519 |  |  |  | 332 |  |  |  | 187 |  |  |  | 14 |  |  |  | (29 | ) |  |  | 75 |
SCA&C |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Colombia1 |  |  |  |  |  |  | 12,415 |  |  |  | (1 | ) |  |  | 12,414 |  |  |  | 3,975 |  |  |  | 489 |  |  |  | 3,486 |  |  |  | (575 | ) |  |  | 46 |  |  |  | 38 |
Panama1 |  |  |  |  |  |  | 4,906 |  |  |  | (124 | ) |  |  | 4,782 |  |  |  | 2,170 |  |  |  | 340 |  |  |  | 1,830 |  |  |  | (7 | ) |  |  | (27 | ) |  |  | 5 |
Costa Rica1 |  |  |  |  |  |  | 2,818 |  |  |  | (351 | ) |  |  | 2,467 |  |  |  | 1,127 |  |  |  | 116 |  |  |  | 1,011 |  |  |  | (23 | ) |  |  | (11 | ) |  |  | 27 |
Dominican Republic |  |  |  |  |  |  | 4,223 |  |  |  | (525 | ) |  |  | 3,698 |  |  |  | 1,210 |  |  |  | 199 |  |  |  | 1,011 |  |  |  | (67 | ) |  |  | (6 | ) |  |  | 34 |
Rest of SCA&C1 |  |  |  |  |  |  | 7,155 |  |  |  | (253 | ) |  |  | 6,902 |  |  |  | 1,665 |  |  |  | 238 |  |  |  | 1,427 |  |  |  | (1,159 | ) |  |  | (22 | ) |  |  | (216 | )
AMEA |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Philippines2 |  |  |  |  |  |  | 9,655 |  |  |  | — |  |  |  | 9,655 |  |  |  | 2,687 |  |  |  | 530 |  |  |  | 2,157 |  |  |  | 21 |  |  |  | (1 | ) |  |  | (24 | )
Egypt |  |  |  |  |  |  | 6,950 |  |  |  | (5 | ) |  |  | 6,945 |  |  |  | 2,454 |  |  |  | 539 |  |  |  | 1,915 |  |  |  | (213 | ) |  |  | (78 | ) |  |  | (253 | )
Israel |  |  |  |  |  |  | 9,650 |  |  |  | — |  |  |  | 9,650 |  |  |  | 1,346 |  |  |  | 232 |  |  |  | 1,114 |  |  |  | 5 |  |  |  | (24 | ) |  |  | 6 |
Rest of AMEA |  |  |  |  |  |  | 2,208 |  |  |  | (12 | ) |  |  | 2,196 |  |  |  | 271 |  |  |  | 67 |  |  |  | 204 |  |  |  | (117 | ) |  |  | (3 | ) |  |  | 21 |
Others |  |  |  |  |  |  | 18,381 |  |  |  | (8,600 | ) |  |  | 9,781 |  |  |  | (2,891 | ) |  |  | 799 |  |  |  | (3,690 | ) |  |  | (2,174 | ) |  |  | (20,323 | ) |  |  | 2,631 |
Continuing operations |  |  |  |  |  |  | 263,051 |  |  |  | (13,574 | ) |  |  | 249,477 |  |  |  | 51,605 |  |  |  | 15,987 |  |  |  | 35,618 |  |  |  | (1,670 | ) |  |  | (21,487 | ) |  |  | 4,467 |
Discontinued operations |  |  |  |  |  |  | 9,652 |  |  |  | (207 | ) |  |  | 9,445 |  |  |  | 1,159 |  |  |  | 697 |  |  |  | 462 |  |  |  | (3 | ) |  |  | (10 | ) |  |  | (22 | )
Total |  | Ps |  |  |  |  | 272,703 |  |  |  | (13,781 | ) |  |  | 258,922 |  |  |  | 52,764 |  |  |  | 16,684 |  |  |  | 36,080 |  |  |  | (1,673 | ) |  |  | (21,497 | ) |  |  | 4,445 |
1 | CEMEX Latam Holdings, S.A. (“CLH”), a company incorporated in Spain, trades its ordinary shares on the Colombian Stock Exchange. CLH is the indirect holding company of CEMEX’s operations in Colombia, Panama, Costa Rica, Guatemala, Nicaragua and El Salvador. At year end 2018 and 2017, there is a non-controlling interest in CLH of approximately 26.75% and 26.72%, respectively, of its ordinary shares, excluding shares held in CLH’s treasury (note 20.4).
2 | CEMEX’s operations in the Philippines are mainly conducted through CEMEX Holdings Philippines, Inc. (“CHP”), a Philippine company whose shares trade on the Philippines Stock Exchange. As of December 31, 2018 and 2017, there is a non-controlling interest in CHP of 45.0% of its ordinary shares (note 20.4).
3 | As mentioned in note 4.1, in February 2017, CEMEX’s acquired a controlling interest in TCL, whose shares trade on the Trinidad and Tobago Stock Exchange. As of December 31, 2018 and 2017, there is a non-controlling interest in TCL of approximately 30.2% of its ordinary shares in both years (note 20.4).
Debt by reportable segment is included in note 16. As of December 31, 2018 and 2017, selected statement of financial position information by reportable segment was as follows:
2018 |  |  |  |  | Equity accounted investees |  |  | Other segment assets |  |  | Total assets |  |  | Total liabilities |  |  | Net assets by segment |  |  | Additions to fixed assets1 |
Mexico |  | Ps |  |  |  |  | — |  |  |  | 68,449 |  |  |  | 68,449 |  |  |  | 17,906 |  |  |  | 50,543 |  |  |  | 2,285 |
United States |  |  |  |  |  |  | 2,485 |  |  |  | 267,011 |  |  |  | 269,496 |  |  |  | 33,756 |  |  |  | 235,740 |  |  |  | 4,611 |
Europe |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
United Kingdom |  |  |  |  |  |  | 118 |  |  |  | 32,248 |  |  |  | 32,366 |  |  |  | 19,220 |  |  |  | 13,146 |  |  |  | 908 |
France |  |  |  |  |  |  | 927 |  |  |  | 16,316 |  |  |  | 17,243 |  |  |  | 7,111 |  |  |  | 10,132 |  |  |  | 441 |
Germany |  |  |  |  |  |  | 85 |  |  |  | 8,350 |  |  |  | 8,435 |  |  |  | 6,546 |  |  |  | 1,889 |  |  |  | 314 |
Spain |  |  |  |  |  |  | 6 |  |  |  | 25,134 |  |  |  | 25,140 |  |  |  | 2,957 |  |  |  | 22,183 |  |  |  | 499 |
Poland |  |  |  |  |  |  | 8 |  |  |  | 5,523 |  |  |  | 5,531 |  |  |  | 2,605 |  |  |  | 2,926 |  |  |  | 564 |
Czech Republic |  |  |  |  |  |  | 157 |  |  |  | 4,195 |  |  |  | 4,352 |  |  |  | 1,224 |  |  |  | 3,128 |  |  |  | 169 |
Rest of Europe |  |  |  |  |  |  | — |  |  |  | 11,299 |  |  |  | 11,299 |  |  |  | 2,250 |  |  |  | 9,049 |  |  |  | 226 |
South, Central America and the Caribbean |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Colombia |  |  |  |  |  |  | — |  |  |  | 24,514 |  |  |  | 24,514 |  |  |  | 8,721 |  |  |  | 15,793 |  |  |  | 428 |
Panama |  |  |  |  |  |  | — |  |  |  | 7,156 |  |  |  | 7,156 |  |  |  | 1,187 |  |  |  | 5,969 |  |  |  | 231 |
Costa Rica |  |  |  |  |  |  | — |  |  |  | 1,640 |  |  |  | 1,640 |  |  |  | 580 |  |  |  | 1,060 |  |  |  | 61 |
Caribbean TCL |  |  |  |  |  |  | — |  |  |  | 11,230 |  |  |  | 11,230 |  |  |  | 4,954 |  |  |  | 6,276 |  |  |  | 535 |
Dominican Republic |  |  |  |  |  |  | — |  |  |  | 4,010 |  |  |  | 4,010 |  |  |  | 1,182 |  |  |  | 2,828 |  |  |  | 150 |
Rest of South, Central America and the Caribbean |  |  |  |  |  |  | 29 |  |  |  | 6,430 |  |  |  | 6,459 |  |  |  | 2,621 |  |  |  | 3,838 |  |  |  | 183 |
Asia, Middle East and Africa |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Philippines |  |  |  |  |  |  | 6 |  |  |  | 12,235 |  |  |  | 12,241 |  |  |  | 2,929 |  |  |  | 9,312 |  |  |  | 544 |
Egypt |  |  |  |  |  |  | 1 |  |  |  | 4,795 |  |  |  | 4,796 |  |  |  | 1,906 |  |  |  | 2,890 |  |  |  | 176 |
Israel |  |  |  |  |  |  | — |  |  |  | 9,592 |  |  |  | 9,592 |  |  |  | 6,712 |  |  |  | 2,880 |  |  |  | 412 |
Rest of Asia, Middle East and Africa |  |  |  |  |  |  | — |  |  |  | 3,991 |  |  |  | 3,991 |  |  |  | 1,451 |  |  |  | 2,540 |  |  |  | 103 |
Others |  |  |  |  |  |  | 5,670 |  |  |  | 16,918 |  |  |  | 22,588 |  |  |  | 206,963 |  |  |  | (184,375 | ) |  |  | 129 |
Continuing operations |  |  |  |  |  |  | 9,492 |  |  |  | 541,036 |  |  |  | 550,528 |  |  |  | 332,781 |  |  |  | 217,747 |  |  |  | 12,969 |
Assets held for sale and related liabilities (note 12.1) |  |  |  |  |  |  | 29 |  |  |  | 2,071 |  |  |  | 2,100 |  |  |  | 314 |  |  |  | 1,786 |  |  |  | — |
Total |  | Ps |  |  |  |  | 9,521 |  |  |  | 543,107 |  |  |  | 552,628 |  |  |  | 333,095 |  |  |  | 219,533 |  |  |  | 12,969 |
2017 |  |  |  |  | Equity accounted investees |  |  | Other segment assets |  |  | Total assets |  |  | Total liabilities |  |  | Net assets by segment |  |  | Additions to fixed assets1 |
Mexico |  | Ps |  |  |  |  | 241 |  |  |  | 71,280 |  |  |  | 71,521 |  |  |  | 23,574 |  |  |  | 47,947 |  |  |  | 2,133 |
United States |  |  |  |  |  |  | 1,573 |  |  |  | 266,769 |  |  |  | 268,342 |  |  |  | 32,366 |  |  |  | 235,976 |  |  |  | 3,498 |
Europe |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
United Kingdom |  |  |  |  |  |  | 107 |  |  |  | 34,774 |  |  |  | 34,881 |  |  |  | 24,160 |  |  |  | 10,721 |  |  |  | 1,010 |
France |  |  |  |  |  |  | 1,055 |  |  |  | 18,481 |  |  |  | 19,536 |  |  |  | 7,360 |  |  |  | 12,176 |  |  |  | 372 |
Germany |  |  |  |  |  |  | 85 |  |  |  | 9,010 |  |  |  | 9,095 |  |  |  | 6,848 |  |  |  | 2,247 |  |  |  | 441 |
Spain |  |  |  |  |  |  | — |  |  |  | 25,731 |  |  |  | 25,731 |  |  |  | 3,543 |  |  |  | 22,188 |  |  |  | 553 |
Poland |  |  |  |  |  |  | 9 |  |  |  | 5,477 |  |  |  | 5,486 |  |  |  | 3,086 |  |  |  | 2,400 |  |  |  | 230 |
Czech Republic |  |  |  |  |  |  | 149 |  |  |  | 4,867 |  |  |  | 5,016 |  |  |  | 1,338 |  |  |  | 3,678 |  |  |  | 157 |
Rest of Europe |  |  |  |  |  |  | 9 |  |  |  | 11,256 |  |  |  | 11,265 |  |  |  | 2,289 |  |  |  | 8,976 |  |  |  | 164 |
South, Central America and the Caribbean |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Colombia |  |  |  |  |  |  | — |  |  |  | 24,406 |  |  |  | 24,406 |  |  |  | 11,307 |  |  |  | 13,099 |  |  |  | 1,178 |
Panama |  |  |  |  |  |  | — |  |  |  | 7,232 |  |  |  | 7,232 |  |  |  | 1,029 |  |  |  | 6,203 |  |  |  | 152 |
Costa Rica |  |  |  |  |  |  | — |  |  |  | 1,869 |  |  |  | 1,869 |  |  |  | 646 |  |  |  | 1,223 |  |  |  | 42 |
Caribbean TCL |  |  |  |  |  |  | — |  |  |  | 11,004 |  |  |  | 11,004 |  |  |  | 4,917 |  |  |  | 6,087 |  |  |  | 584 |
Dominican Republic |  |  |  |  |  |  |  |  |  |  | 4,362 |  |  |  | 4,362 |  |  |  | 1,132 |  |  |  | 3,230 |  |  |  | 172 |
Rest of South, Central America and the Caribbean |  |  |  |  |  |  | 31 |  |  |  | 6,936 |  |  |  | 6,967 |  |  |  | 3,234 |  |  |  | 3,733 |  |  |  | 185 |
Asia, Middle East and Africa |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Philippines |  |  |  |  |  |  | 6 |  |  |  | 11,548 |  |  |  | 11,554 |  |  |  | 2,617 |  |  |  | 8,937 |  |  |  | 518 |
Egypt |  |  |  |  |  |  | 1 |  |  |  | 4,602 |  |  |  | 4,603 |  |  |  | 1,776 |  |  |  | 2,827 |  |  |  | 418 |
Israel |  |  |  |  |  |  | — |  |  |  | 9,760 |  |  |  | 9,760 |  |  |  | 6,838 |  |  |  | 2,922 |  |  |  | 391 |
Rest of Asia, Middle East and Africa |  |  |  |  |  |  | — |  |  |  | 3,911 |  |  |  | 3,911 |  |  |  | 1,189 |  |  |  | 2,722 |  |  |  | 58 |
Others |  |  |  |  |  |  | 5,306 |  |  |  | 24,466 |  |  |  | 29,772 |  |  |  | 218,023 |  |  |  | (188,251 | ) |  |  | 163 |
Continuing operations |  |  |  |  |  |  | 8,572 |  |  |  | 557,741 |  |  |  | 566,313 |  |  |  | 357,272 |  |  |  | 209,041 |  |  |  | 12,419 |
Assets held for sale and related liabilities (note 12.1) |  |  |  |  |  |  | — |  |  |  | 1,378 |  |  |  | 1,378 |  |  |  | — |  |  |  | 1,378 |  |  |  | — |
Total |  | Ps |  |  |  |  | 8,572 |  |  |  | 559,119 |  |  |  | 567,691 |  |  |  | 357,272 |  |  |  | 210,419 |  |  |  | 12,419 |
1 | In 2018 and 2017, the column “Additions to fixed assets” includes capital expenditures of Ps12,141 and Ps9,514, respectively (note 14).
Revenues by line of business and reportable segment for the years ended December 31, 2018, 2017 and 2016 were as follows:
2018 |  |  |  |  | Cement |  |  | Concrete |  |  | Aggregates |  |  | Others |  |  | Eliminations |  |  | Revenues |
Mexico |  | Ps |  |  |  |  | 44,295 |  |  |  | 17,277 |  |  |  | 4,051 |  |  |  | 12,358 |  |  |  | (16,197 | ) |  |  | 61,784 |
United States |  |  |  |  |  |  | 30,518 |  |  |  | 40,249 |  |  |  | 16,393 |  |  |  | 7,581 |  |  |  | (22,396 | ) |  |  | 72,345 |
Europe |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
United Kingdom |  |  |  |  |  |  | 4,837 |  |  |  | 7,441 |  |  |  | 8,139 |  |  |  | 8,102 |  |  |  | (8,088 | ) |  |  | 20,431 |
France |  |  |  |  |  |  | — |  |  |  | 15,092 |  |  |  | 7,321 |  |  |  | 176 |  |  |  | (4,281 | ) |  |  | 18,308 |
Germany |  |  |  |  |  |  | 3,608 |  |  |  | 4,841 |  |  |  | 2,353 |  |  |  | 2,732 |  |  |  | (4,148 | ) |  |  | 9,386 |
Spain |  |  |  |  |  |  | 6,010 |  |  |  | 1,365 |  |  |  | 377 |  |  |  | 609 |  |  |  | (1,632 | ) |  |  | 6,729 |
Poland |  |  |  |  |  |  | 3,864 |  |  |  | 3,066 |  |  |  | 960 |  |  |  | 299 |  |  |  | (1,280 | ) |  |  | 6,909 |
Czech Republic |  |  |  |  |  |  | 1,555 |  |  |  | 2,377 |  |  |  | 835 |  |  |  | 362 |  |  |  | (1,364 | ) |  |  | 3,765 |
Rest of Europe |  |  |  |  |  |  | 5,263 |  |  |  | 565 |  |  |  | 221 |  |  |  | 24 |  |  |  | (577 | ) |  |  | 5,496 |
South, Central America and the Caribbean |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Colombia |  |  |  |  |  |  | 6,792 |  |  |  | 3,631 |  |  |  | 1,065 |  |  |  | 1,769 |  |  |  | (3,169 | ) |  |  | 10,088 |
Panama |  |  |  |  |  |  | 3,285 |  |  |  | 1,368 |  |  |  | 445 |  |  |  | 355 |  |  |  | (1,189 | ) |  |  | 4,264 |
Costa Rica |  |  |  |  |  |  | 2,126 |  |  |  | 427 |  |  |  | 120 |  |  |  | 114 |  |  |  | (387 | ) |  |  | 2,400 |
Caribbean TCL |  |  |  |  |  |  | 4,712 |  |  |  | 199 |  |  |  | 91 |  |  |  | 1,716 |  |  |  | (1,924 | ) |  |  | 4,794 |
Dominican Republic |  |  |  |  |  |  | 3,441 |  |  |  | 526 |  |  |  | 171 |  |  |  | 470 |  |  |  | (700 | ) |  |  | 3,908 |
Rest of South, Central America and the Caribbean |  |  |  |  |  |  | 7,668 |  |  |  | 782 |  |  |  | 150 |  |  |  | 122 |  |  |  | (1,334 | ) |  |  | 7,388 |
Asia, Middle East and Africa |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Philippines |  |  |  |  |  |  | 8,549 |  |  |  | 4 |  |  |  | 59 |  |  |  | 43 |  |  |  | (43 | ) |  |  | 8,612 |
Egypt |  |  |  |  |  |  | 3,993 |  |  |  | 511 |  |  |  | 14 |  |  |  | 225 |  |  |  | (157 | ) |  |  | 4,586 |
Israel |  |  |  |  |  |  | — |  |  |  | 10,026 |  |  |  | 3,061 |  |  |  | 2,127 |  |  |  | (3,086 | ) |  |  | 12,128 |
Rest of Asia, Middle East and Africa |  |  |  |  |  |  | 943 |  |  |  | 1,763 |  |  |  | — |  |  |  | — |  |  |  | (443 | ) |  |  | 2,263 |
Others |  |  |  |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 24,667 |  |  |  | (13,396 | ) |  |  | 11,271 |
Continuing operations |  |  |  |  |  |  | 141,459 |  |  |  | 111,510 |  |  |  | 45,826 |  |  |  | 63,851 |  |  |  | (85,791 | ) |  |  | 276,855 |
Discontinued operations |  |  |  |  |  |  | 503 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 503 |
Total |  | Ps |  |  |  |  | 141,962 |  |  |  | 111,510 |  |  |  | 45,826 |  |  |  | 63,851 |  |  |  | (85,791 | ) |  |  | 277,358 |
2017 |  |  |  |  | Cement |  |  | Concrete |  |  | Aggregates |  |  | Others |  |  | Eliminations |  |  | Revenues |
Mexico |  | Ps |  |  |  |  | 42,195 |  |  |  | 14,672 |  |  |  | 3,416 |  |  |  | 11,211 |  |  |  | (14,127 | ) |  |  | 57,367 |
United States |  |  |  |  |  |  | 27,804 |  |  |  | 35,400 |  |  |  | 14,436 |  |  |  | 6,235 |  |  |  | (18,339 | ) |  |  | 65,536 |
Europe |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
United Kingdom |  |  |  |  |  |  | 4,879 |  |  |  | 7,459 |  |  |  | 7,758 |  |  |  | 8,067 |  |  |  | (7,984 | ) |  |  | 20,179 |
France |  |  |  |  |  |  | — |  |  |  | 13,367 |  |  |  | 6,373 |  |  |  | 205 |  |  |  | (3,783 | ) |  |  | 16,162 |
Germany |  |  |  |  |  |  | 3,595 |  |  |  | 4,668 |  |  |  | 2,134 |  |  |  | 2,335 |  |  |  | (4,015 | ) |  |  | 8,717 |
Spain |  |  |  |  |  |  | 5,499 |  |  |  | 944 |  |  |  | 259 |  |  |  | 676 |  |  |  | (1,498 | ) |  |  | 5,880 |
Poland |  |  |  |  |  |  | 3,230 |  |  |  | 2,532 |  |  |  | 701 |  |  |  | 226 |  |  |  | (1,211 | ) |  |  | 5,478 |
Czech Republic |  |  |  |  |  |  | 1,287 |  |  |  | 2,148 |  |  |  | 880 |  |  |  | 334 |  |  |  | (1,232 | ) |  |  | 3,417 |
Rest of Europe |  |  |  |  |  |  | 4,949 |  |  |  | 567 |  |  |  | 175 |  |  |  | 128 |  |  |  | (661 | ) |  |  | 5,158 |
South, Central America and the Caribbean |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Colombia |  |  |  |  |  |  | 7,043 |  |  |  | 4,024 |  |  |  | 1,224 |  |  |  | 1,960 |  |  |  | (3,566 | ) |  |  | 10,685 |
Panama |  |  |  |  |  |  | 3,876 |  |  |  | 1,725 |  |  |  | 452 |  |  |  | 180 |  |  |  | (1,219 | ) |  |  | 5,014 |
Costa Rica |  |  |  |  |  |  | 2,095 |  |  |  | 386 |  |  |  | 122 |  |  |  | 120 |  |  |  | (297 | ) |  |  | 2,426 |
Caribbean TCL |  |  |  |  |  |  | 4,097 |  |  |  | 29 |  |  |  | 19 |  |  |  | 215 |  |  |  | (77 | ) |  |  | 4,283 |
Dominican Republic |  |  |  |  |  |  | 3,193 |  |  |  | 564 |  |  |  | 191 |  |  |  | 117 |  |  |  | (491 | ) |  |  | 3,574 |
Rest of South, Central America and the Caribbean |  |  |  |  |  |  | 7,534 |  |  |  | 744 |  |  |  | 77 |  |  |  | 190 |  |  |  | (1,960 | ) |  |  | 6,585 |
Asia, Middle East and Africa |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Philippines |  |  |  |  |  |  | 8,093 |  |  |  | 67 |  |  |  | 159 |  |  |  | 52 |  |  |  | (75 | ) |  |  | 8,296 |
Egypt |  |  |  |  |  |  | 3,347 |  |  |  | 479 |  |  |  | 16 |  |  |  | 173 |  |  |  | (153 | ) |  |  | 3,862 |
Israel |  |  |  |  |  |  | — |  |  |  | 9,400 |  |  |  | 2,875 |  |  |  | 2,146 |  |  |  | (3,045 | ) |  |  | 11,376 |
Rest of Asia, Middle East and Africa |  |  |  |  |  |  | 928 |  |  |  | 1,678 |  |  |  | — |  |  |  | 2 |  |  |  | (468 | ) |  |  | 2,140 |
Others |  |  |  |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 22,505 |  |  |  | (11,203 | ) |  |  | 11,302 |
Continuing operations |  |  |  |  |  |  | 133,644 |  |  |  | 100,853 |  |  |  | 41,267 |  |  |  | 57,077 |  |  |  | (75,404 | ) |  |  | 257,437 |
Discontinued operations |  |  |  |  |  |  | 686 |  |  |  | 525 |  |  |  | 340 |  |  |  | 687 |  |  |  | (3 | ) |  |  | 2,235 |
Total |  | Ps |  |  |  |  | 134,330 |  |  |  | 101,378 |  |  |  | 41,607 |  |  |  | 57,764 |  |  |  | (75,407 | ) |  |  | 259,672 |
2016 |  |  |  |  | Cement |  |  | Concrete |  |  | Aggregates |  |  | Others |  |  | Eliminations |  |  | Revenues |
Mexico |  | Ps |  |  |  |  | 37,647 |  |  |  | 13,664 |  |  |  | 3,156 |  |  |  | 11,773 |  |  |  | (13,509 | ) |  |  | 52,731 |
United States |  |  |  |  |  |  | 28,585 |  |  |  | 35,843 |  |  |  | 14,565 |  |  |  | 7,107 |  |  |  | (19,546 | ) |  |  | 66,554 |
Europe |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
United Kingdom |  |  |  |  |  |  | 5,267 |  |  |  | 7,830 |  |  |  | 8,195 |  |  |  | 7,889 |  |  |  | (8,028 | ) |  |  | 21,153 |
France |  |  |  |  |  |  | — |  |  |  | 11,883 |  |  |  | 5,640 |  |  |  | 278 |  |  |  | (3,266 | ) |  |  | 14,535 |
Germany |  |  |  |  |  |  | 3,416 |  |  |  | 4,539 |  |  |  | 2,112 |  |  |  | 2,262 |  |  |  | (4,142 | ) |  |  | 8,187 |
Spain |  |  |  |  |  |  | 5,478 |  |  |  | 823 |  |  |  | 196 |  |  |  | 472 |  |  |  | (1,247 | ) |  |  | 5,722 |
Poland |  |  |  |  |  |  | 2,811 |  |  |  | 2,237 |  |  |  | 579 |  |  |  | 219 |  |  |  | (1,135 | ) |  |  | 4,711 |
Czech Republic |  |  |  |  |  |  | 1,118 |  |  |  | 1,871 |  |  |  | 796 |  |  |  | 336 |  |  |  | (1,124 | ) |  |  | 2,997 |
Rest of Europe |  |  |  |  |  |  | 4,168 |  |  |  | 383 |  |  |  | 115 |  |  |  | 2 |  |  |  | (271 | ) |  |  | 4,397 |
South, Central America and the Caribbean |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Colombia |  |  |  |  |  |  | 8,814 |  |  |  | 4,522 |  |  |  | 1,364 |  |  |  | 1,761 |  |  |  | (4,047 | ) |  |  | 12,414 |
Panama |  |  |  |  |  |  | 3,794 |  |  |  | 1,577 |  |  |  | 413 |  |  |  | 139 |  |  |  | (1,141 | ) |  |  | 4,782 |
Costa Rica |  |  |  |  |  |  | 2,144 |  |  |  | 390 |  |  |  | 179 |  |  |  | 126 |  |  |  | (372 | ) |  |  | 2,467 |
Dominican Republic |  |  |  |  |  |  | 3,255 |  |  |  | 620 |  |  |  | 210 |  |  |  | 124 |  |  |  | (511 | ) |  |  | 3,698 |
Rest of South, Central America and the Caribbean |  |  |  |  |  |  | 7,276 |  |  |  | 906 |  |  |  | 112 |  |  |  | 174 |  |  |  | (2,032 | ) |  |  | 6,436 |
Asia, Middle East and Africa |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Philippines |  |  |  |  |  |  | 9,405 |  |  |  | 143 |  |  |  | 164 |  |  |  | 70 |  |  |  | (127 | ) |  |  | 9,655 |
Egypt |  |  |  |  |  |  | 6,076 |  |  |  | 943 |  |  |  | 26 |  |  |  | 217 |  |  |  | (317 | ) |  |  | 6,945 |
Israel |  |  |  |  |  |  | — |  |  |  | 8,016 |  |  |  | 2,519 |  |  |  | 1,372 |  |  |  | (2,258 | ) |  |  | 9,649 |
Rest of Asia, Middle East and Africa |  |  |  |  |  |  | 961 |  |  |  | 1,519 |  |  |  | — |  |  |  | 7 |  |  |  | (290 | ) |  |  | 2,197 |
Others |  |  |  |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 18,849 |  |  |  | (8,602 | ) |  |  | 10,247 |
Continuing operations |  |  |  |  |  |  | 130,215 |  |  |  | 97,709 |  |  |  | 40,341 |  |  |  | 53,177 |  |  |  | (71,965 | ) |  |  | 249,477 |
Discontinued operations |  |  |  |  |  |  | 889 |  |  |  | 1,366 |  |  |  | 785 |  |  |  | 6,665 |  |  |  | (260 | ) |  |  | 9,445 |
Total |  | Ps |  |  |  |  | 131,104 |  |  |  | 99,075 |  |  |  | 41,126 |  |  |  | 59,842 |  |  |  | (72,225 | ) |  |  | 258,922 |

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- Definition The entire disclosure for business combinations discontinued operations and operating segments. + References No definition available. + Details
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Namespace Prefix: | cx_
Data Type: | nonnum:textBlockItemType
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- Definition Text block [abstract] + References No definition available. + Details
Name: | cx_TextBlockAbstract
Namespace Prefix: | cx_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration