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Stockholders' Equity (Tables)
 12 Months Ended
Dec. 31, 2018
Text block [abstract]  
Summary of Breakdown of Common Stock and Additional Paid-in Capital

As of December 31, 2018 and 2017, the breakdown of common stock and additional paid-in capital was as follows:

 

            2018      2017  

Common stock

      Ps        4,171        4,171  

Additional paid-in capital

         141,151        140,483  
     

 

 

     

 

 

  
     Ps        145,322        144,654  
     

 

 

     

 

 

  

Summary of Common Stock

As of December 31, 2018 and 2017, the common stock of CEMEX, S.A.B. de C.V. was presented as follows:

 

     2018      2017  

Shares1

    Series A2      Series B2      Series A2      Series B2  

Subscribed and paid shares

      30,002,628,318        15,001,314,159        30,214,469,912        15,107,234,956  

Unissued shares authorized for executives’ stock compensation programs

      936,375,524        468,187,762        531,739,616        265,869,808  

Repurchased shares3

      307,207,506        153,603,753        —          —    

Shares that guarantee the issuance of convertible securities4

      4,529,603,200        2,264,801,600        4,529,605,020        2,264,802,510  

Shares authorized for the issuance of stock or convertible securities5

      302,144,720        151,072,360        —          —    
  

 

 

     

 

 

     

 

 

     

 

 

  
     36,077,959,268        18,038,979,634        35,275,814,548        17,637,907,274  
  

 

 

     

 

 

     

 

 

     

 

 

  

 

1

As of December 31, 2018 and 2017, 13,068,000,000 shares correspond to the fixed portion, and 41,048,938,902 shares in 2018 and 39,845,721,822 shares in 2017, 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 repurchased under the share repurchase program authorized by the Company’s shareholders (note 20.2).
4

Refers to those shares that guarantee the conversion of both the outstanding voluntary and mandatorily convertible securities and new securities issues (note 16.2).
5

Shares authorized for issuance in a public offer or private placement and/or by issuance of new convertible securities.
Summary of Other Equity Reserves

As of December 31, 2018 and 2017, other equity reserves are summarized as follows:

 

            2018     2017  

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

      Ps        17,683       21,288  

Cumulative actuarial losses

         (7,527 )      (10,931 ) 

Treasury shares repurchased under share repurchase program (note 20.1)

         (1,520 )      —    

Effects associated with the Parent Company’s convertible securities1

         3,427       3,427  

Treasury shares held by subsidiaries

         (194 )      (301 ) 
     

 

 

    

 

 

  
     Ps        11,869       13,483  
     

 

 

    

 

 

  

 

1

Represents the equity component upon the issuance of CEMEX, S.A.B. de C.V.’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, 2018, 2017 and 2016, the translation effects of foreign subsidiaries included in the statements of comprehensive income were as follows:

 

            2018     2017     2016  

Foreign currency translation result1

      Ps        (3,713 )      (3,116 )      20,648  

Foreign exchange fluctuations from debt2

         2,438       (4,160 )      1,367  

Foreign exchange fluctuations from intercompany balances3

         (425 )      (2,243 )      (10,385 ) 
     

 

 

    

 

 

    

 

 

  
     Ps        (1,700 )      (9,519 )      11,630  
     

 

 

    

 

 

    

 

 

  

 

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, 2018 and 2017, the detail of CEMEX’s perpetual debentures, excluding the perpetual debentures held by subsidiaries, was as follows:

 

        2018     2017     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.