XML 97 R51.htm IDEA: XBRL DOCUMENT
v3.19.1

Pensions and Post-Employment Benefits (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2018
Text block [abstract] |
Schedule Actuarial Results Related to Pension and Other Post Retirement Benefits | For the years ended December 31, 2018, 2017 and 2016, the effects of pension plans and other post-employment benefits are summarized as follows:
|  |  |  |  | Pensions |  |  | Other benefits |  |  | Total |
Net period cost (income): |  |  |  |  | 2018 |  |  | 2017 |  |  | 2016 |  |  | 2018 |  |  | 2017 |  |  | 2016 |  |  | 2018 |  |  | 2017 |  |  | 2016 |
Recorded in operating costs and expenses |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Service cost |  |  | Ps |  |  |  | 193 |  |  |  | 221 |  |  |  | 151 |  |  |  | 35 |  |  |  | 33 |  |  |  | 25 |  |  |  | 228 |  |  |  | 254 |  |  |  | 176 |
Past service cost |  |  |  |  |  |  | 168 |  |  |  | (55 | ) |  |  | 8 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 168 |  |  |  | (55 | ) |  |  | 8 |
|  |  |  |  |  |  | 361 |  |  |  | 166 |  |  |  | 159 |  |  |  | 35 |  |  |  | 33 |  |  |  | 25 |  |  |  | 396 |  |  |  | 199 |  |  |  | 184 |
Recorded in other financial expenses |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net interest cost |  |  |  |  |  |  | 691 |  |  |  | 693 |  |  |  | 711 |  |  |  | 84 |  |  |  | 74 |  |  |  | 57 |  |  |  | 775 |  |  |  | 767 |  |  |  | 768 |
Recorded in other comprehensive income |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Actuarial (gains) losses for the period |  |  |  |  |  |  | (3,415 | ) |  |  | 20 |  |  |  | 3,985 |  |  |  | 11 |  |  |  | (23 | ) |  |  | 34 |  |  |  | (3,404 | ) |  |  | (3 | ) |  |  | 4,019 |
|  |  | Ps |  |  |  | (2,363 | ) |  |  | 879 |  |  |  | 4,855 |  |  |  | 130 |  |  |  | 84 |  |  |  | 116 |  |  |  | (2,233 | ) |  |  | 963 |  |  |  | 4,971 |
Summary of Actuarial (Gains) Losses | For the years 2018, 2017 and 2016, actuarial (gains) losses for the period were generated by the following main factors as follows:
|  |  |  |  | 2018 |  |  | 2017 |  |  | 2016 |
Actuarial (gains) losses due to experience |  |  | Ps |  |  |  | (1,110 | ) |  |  | 121 |  |  |  | (511 | )
Actuarial (gains) losses due to demographic assumptions |  |  |  |  |  |  | (1,104 | ) |  |  | (46 | ) |  |  | (231 | )
Actuarial (gains) losses due financial assumptions |  |  |  |  |  |  | (1,190 | ) |  |  | (78 | ) |  |  | 4,761 |
|  |  | Ps |  |  |  | (3,404 | ) |  |  | (3 | ) |  |  | 4,019 |
Disclosure of Net Defined Benefit Liability (Asset) | As of December 31, 2018 and 2017, the reconciliation of the actuarial benefits’ obligations and pension plan assets, are presented as follows:
|  |  |  |  | Pensions |  |  | Other benefits |  |  | Total |
|  |  |  |  | 2018 |  |  | 2017 |  |  | 2018 |  |  | 2017 |  |  | 2018 |  |  | 2017 |
Change in benefits obligation: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Projected benefit obligation at beginning of the period |  |  | Ps |  |  |  | 54,910 |  |  |  | 51,055 |  |  |  | 1,436 |  |  |  | 1,164 |  |  |  | 56,346 |  |  |  | 52,219 |
Service cost |  |  |  |  |  |  | 193 |  |  |  | 221 |  |  |  | 35 |  |  |  | 33 |  |  |  | 228 |  |  |  | 254 |
Interest cost |  |  |  |  |  |  | 1,608 |  |  |  | 1,625 |  |  |  | 87 |  |  |  | 76 |  |  |  | 1,695 |  |  |  | 1,701 |
Actuarial (gains) losses |  |  |  |  |  |  | (5,126 | ) |  |  | 727 |  |  |  | 8 |  |  |  | (24 | ) |  |  | (5,118 | ) |  |  | 703 |
Additions through business combinations |  |  |  |  |  |  | — |  |  |  | 2,801 |  |  |  | 111 |  |  |  | 271 |  |  |  | 111 |  |  |  | 3,072 |
Reduction from disposal of assets |  |  |  |  |  |  | (9 | ) |  |  | — |  |  |  | — |  |  |  | — |  |  |  | (9 | ) |  |  | — |
Plan amendments |  |  |  |  |  |  | 168 |  |  |  | (55 | ) |  |  | — |  |  |  | — |  |  |  | 168 |  |  |  | (55 | )
Benefits paid |  |  |  |  |  |  | (2,807 | ) |  |  | (2,920 | ) |  |  | (102 | ) |  |  | (81 | ) |  |  | (2,909 | ) |  |  | (3,001 | )
Foreign currency translation |  |  |  |  |  |  | (2,226 | ) |  |  | 1,456 |  |  |  | (30 | ) |  |  | (3 | ) |  |  | (2,256 | ) |  |  | 1,453 |
Projected benefit obligation at end of the period |  |  |  |  |  |  | 46,711 |  |  |  | 54,910 |  |  |  | 1,545 |  |  |  | 1,436 |  |  |  | 48,256 |  |  |  | 56,346 |
Change in plan assets: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Fair value of plan assets at beginning of the period |  |  |  |  |  |  | 32,665 |  |  |  | 28,828 |  |  |  | 28 |  |  |  | 26 |  |  |  | 32,693 |  |  |  | 28,854 |
Return on plan assets |  |  |  |  |  |  | 917 |  |  |  | 932 |  |  |  | 3 |  |  |  | 2 |  |  |  | 920 |  |  |  | 934 |
Actuarial (gains) losses |  |  |  |  |  |  | (1,711 | ) |  |  | 707 |  |  |  | (3 | ) |  |  | (1 | ) |  |  | (1,714 | ) |  |  | 706 |
Employer contributions |  |  |  |  |  |  | 1,562 |  |  |  | 1,494 |  |  |  | 102 |  |  |  | 81 |  |  |  | 1,664 |  |  |  | 1,575 |
Additions through business combinations |  |  |  |  |  |  | — |  |  |  | 2,841 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 2,841 |
Reduction for disposal of assets |  |  |  |  |  |  | — |  |  |  | (4 | ) |  |  | — |  |  |  | — |  |  |  | — |  |  |  | (4 | )
Benefits paid |  |  |  |  |  |  | (2,807 | ) |  |  | (2,920 | ) |  |  | (102 | ) |  |  | (81 | ) |  |  | (2,909 | ) |  |  | (3,001 | )
Foreign currency translation |  |  |  |  |  |  | (1,335 | ) |  |  | 787 |  |  |  | — |  |  |  | 1 |  |  |  | (1,335 | ) |  |  | 788 |
Fair value of plan assets at end of the period |  |  |  |  |  |  | 29,291 |  |  |  | 32,665 |  |  |  | 28 |  |  |  | 28 |  |  |  | 29,319 |  |  |  | 32,693 |
Net projected liability in the statement of financial position |  |  | Ps |  |  |  | 17,420 |  |  |  | 22,245 |  |  |  | 1,517 |  |  |  | 1,408 |  |  |  | 18,937 |  |  |  | 23,653 |
Summary of Plan Assets Measured at Estimated Fair Value | As of December 31, 2018 and 2017, based on the hierarchy of fair values, plan assets are detailed as follows:
|  |  |  |  | 2018 |  |  | 2017 |
|  |  |  |  | Level 1 |  |  | Level 2 |  |  | Level 3 |  |  | Total |  |  | Level 1 |  |  | Level 2 |  |  | Level 3 |  |  | Total |
Cash |  |  | Ps |  |  |  | 701 |  |  |  | — |  |  |  | — |  |  |  | 701 |  |  | Ps | 579 |  |  |  | — |  |  |  | — |  |  |  | 579 |
Investments in corporate bonds |  |  |  |  |  |  | 131 |  |  |  | 6,720 |  |  |  | — |  |  |  | 6,851 |  |  |  | 144 |  |  |  | 6,067 |  |  |  | 1 |  |  |  | 6,212 |
Investments in government bonds |  |  |  |  |  |  | 1,649 |  |  |  | 6,786 |  |  |  | — |  |  |  | 8,435 |  |  |  | 1,701 |  |  |  | 9,407 |  |  |  | — |  |  |  | 11,108 |
Total fixed-income securities |  |  |  |  |  |  | 2,481 |  |  |  | 13,506 |  |  |  | — |  |  |  | 15,987 |  |  |  | 2,424 |  |  |  | 15,474 |  |  |  | 1 |  |  |  | 17,899 |
Investment in marketable securities |  |  |  |  |  |  | 5,089 |  |  |  | 1,557 |  |  |  | — |  |  |  | 6,646 |  |  |  | 6,212 |  |  |  | 1,735 |  |  |  | — |  |  |  | 7,947 |
Other investments and private funds |  |  |  |  |  |  | 973 |  |  |  | 4,172 |  |  |  | 1,541 |  |  |  | 6,686 |  |  |  | 991 |  |  |  | 3,279 |  |  |  | 2,577 |  |  |  | 6,847 |
Total variable-income securities |  |  |  |  |  |  | 6,062 |  |  |  | 5,729 |  |  |  | 1,541 |  |  |  | 13,332 |  |  |  | 7,203 |  |  |  | 5,014 |  |  |  | 2,577 |  |  |  | 14,794 |
Total plan assets |  |  | Ps |  |  |  | 8,543 |  |  |  | 19,235 |  |  |  | 1,541 |  |  |  | 29,319 |  |  | Ps | 9,627 |  |  |  | 20,488 |  |  |  | 2,578 |  |  |  | 32,693 |
Summary of Significant Assumptions Used in the Determination of the Benefit Obligation | The most significant assumptions used in the determination of the benefit obligation were as follows:
|  | 2018 |  |  | 2017 |
|  |  |  |  | United |  |  | United |  |  | Range of rates in |  |  |  |  |  | United |  |  | United |  |  | Rates ranges in |
|  | Mexico |  |  | States |  |  | Kingdom |  |  | other countries |  |  | Mexico |  |  | States |  |  | Kingdom |  |  | other countries |
Discount rates |  |  | 10.8% |  |  |  | 4.5% |  |  |  | 2.9% |  |  |  | 1.3% – 7.5% |  |  |  | 9.3% |  |  |  | 3.9% |  |  |  | 2.4% |  |  |  | 1.3% – 6.3% |
Rate of return on plan assets |  |  | 10.8% |  |  |  | 4.5% |  |  |  | 2.9% |  |  |  | 1.3% – 7.5% |  |  |  | 9.3% |  |  |  | 3.9% |  |  |  | 2.4% |  |  |  | 1.3% – 6.3% |
Rate of salary increases |  |  | 4.0% |  |  |  | — |  |  |  | 3.3% |  |  |  | 2.3% – 6.0% |  |  |  | 4.0% |  |  |  | — |  |  |  | 3.2% |  |  |  | 1.5% – 6.0% |
Schedule of Estimated Payments for Pensions and Other Post-Employment Benefits | As of December 31, 2018, estimated payments for pensions and other post-employment benefits over the next 10 years were as follows:
|  |  |  |  | 2018 |
2019 |  |  | Ps |  |  |  | 2,904 |
2020 |  |  |  |  |  |  | 2,663 |
2021 |  |  |  |  |  |  | 2,641 |
2022 |  |  |  |  |  |  | 2,662 |
2023 – 2028 |  |  |  |  |  |  | 15,714 |
Aggregate Projected Benefit Obligation for Pension Plans and Other Post-Employment Benefits and the Plan Assets by Country | As of December 31, 2018 and 2017, the aggregate projected benefit obligation (“PBO”) for pension plans and other post-employment benefits and the plan assets by country were as follows:
|  |  |  |  | 2018 |  |  |  |  |  | 2017 |
|  |  |  |  | PBO |  |  | Assets |  |  | Deficit |  |  |  |  |  | PBO |  |  | Assets |  |  | Deficit |
Mexico |  |  | Ps |  |  |  | 3,300 |  |  |  | 582 |  |  |  | 2,718 |  |  |  | Ps |  |  |  | 3,213 |  |  |  | 840 |  |  |  | 2,373 |
United States |  |  |  |  |  |  | 5,619 |  |  |  | 3,428 |  |  |  | 2,191 |  |  |  |  |  |  |  | 6,378 |  |  |  | 4,031 |  |  |  | 2,347 |
United Kingdom1 |  |  |  |  |  |  | 28,771 |  |  |  | 20,775 |  |  |  | 7,996 |  |  |  |  |  |  |  | 35,602 |  |  |  | 23,145 |  |  |  | 12,457 |
Germany |  |  |  |  |  |  | 3,973 |  |  |  | 195 |  |  |  | 3,778 |  |  |  |  |  |  |  | 4,362 |  |  |  | 213 |  |  |  | 4,149 |
Other countries |  |  |  |  |  |  | 6,593 |  |  |  | 4,339 |  |  |  | 2,254 |  |  |  |  |  |  |  | 6,791 |  |  |  | 4,464 |  |  |  | 2,327 |
|  |  | Ps |  |  |  | 48,256 |  |  |  | 29,319 |  |  |  | 18,937 |  |  |  | Ps |  |  |  | 56,346 |  |  |  | 32,693 |  |  |  | 23,653 |
1 | Applicable regulation in the United Kingdom requires to maintain plan assets at a level similar to that of the obligations. Beginning in 2012, the pension fund receives annual dividends of approximately US$20, increasing at a 5% rate per year, from a limited partnership (the “Partnership”), whose assets transferred by CEMEX UK of an approximate value of US$553, are leased back to CEMEX UK. The Partnership is owned, controlled and consolidated by CEMEX UK. In 2037, on expiry of the arrangement, the Partnership will be terminated and under the terms of the agreement, the remaining assets will be distributed to CEMEX UK. Distributions from the Partnership to the pension fund are considered as employer contributions to plan assets in the period in which they occur.

X
- Definition The disclosure of actuarial gain losses. + References No definition available. + Details
Name: | cx_DisclosureOfActuarialGainLossesExplanatory
Namespace Prefix: | cx_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Disclosure of aggregate projected benefit obligation for pension plans and other postemployment benefits and plan assets by country. + References No definition available. + Details
Name: | cx_DisclosureOfAggregateProjectedBenefitObligationForPensionPlansAndOtherPostemploymentBenefitsAndPlanAssetsByCountryExplanatory
Namespace Prefix: | cx_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Disclosure of estimated payments for pensions and other postemployment benefits explanatory. + References No definition available. + Details
Name: | cx_DisclosureOfEstimatedPaymentsForPensionsAndOtherPostemploymentBenefitsExplanatory
Namespace Prefix: | cx_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Disclosure of pensions and postretirement benefits explanatory. + References No definition available. + Details
Name: | cx_DisclosureOfPensionsAndPostretirementBenefitsExplanatory
Namespace Prefix: | cx_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- 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

X
- Definition The disclosure of the fair value of defined benefit plan assets. [Refer: Plan assets [member]; Defined benefit plans [member]] + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Name IAS -Number 19 -IssueDate 2018-01-01 -Paragraph 142 -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&num=19&date=2018-03-01&anchor=para_142&doctype=Standard -URIDate 2018-03-16 + Details
Name: | ifrs-full_DisclosureOfFairValueOfPlanAssetsExplanatory
Namespace Prefix: | ifrs-full_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition The disclosure of a net defined benefit liability (asset). [Refer: Net defined benefit liability (asset)] + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Name IAS -Number 19 -IssueDate 2018-01-01 -Paragraph 140 -Subparagraph a -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&num=19&date=2018-03-01&anchor=para_140_a&doctype=Standard -URIDate 2018-03-16 + Details
Name: | ifrs-full_DisclosureOfNetDefinedBenefitLiabilityAssetExplanatory
Namespace Prefix: | ifrs-full_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition The disclosure of a sensitivity analysis for significant actuarial assumptions used to determine the present value of a defined benefit obligation. [Refer: Actuarial assumptions [member]; Defined benefit obligation, at present value] + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Name IAS -Number 19 -IssueDate 2018-01-01 -Paragraph 145 -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&num=19&date=2018-03-01&anchor=para_145&doctype=Standard -URIDate 2018-03-16 + Details
Name: | ifrs-full_DisclosureOfSensitivityAnalysisForActuarialAssumptionsExplanatory
Namespace Prefix: | ifrs-full_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration