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Goodwill and Intangible Assets, Net (Tables) | 12 Months Ended
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Dec. 31, 2021
Text block [abstract] |
Summary of Consolidated Goodwill, Intangible Assets and Deferred Charges | As of December 31, 2021 and 2020, consolidated goodwill, intangible assets and deferred charges were summarized as follows:
|  | 2021 |  |  | 2020 |
|  | Cost |  |  | Accumulated amortization |  |  | Carrying amount |  |  | Cost |  |  | Accumulated amortization |  |  | Carrying amount |
Intangible assets of indefinite useful life: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Goodwill |  | $ | 7,984 |  |  |  | — |  |  |  | 7,984 |  |  | $ | 8,506 |  |  |  | — |  |  |  | 8,506 |
Intangible assets of definite useful life: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Extraction rights |  |  | 1,781 |  |  |  | (431 | ) |  |  | 1,350 |  |  |  | 1,774 |  |  |  | (416 | ) |  |  | 1,358 |
Industrial property and trademarks |  |  | 45 |  |  |  | (22 | ) |  |  | 23 |  |  |  | 44 |  |  |  | (20 | ) |  |  | 24 |
Customer relationships |  |  | 196 |  |  |  | (196 | ) |  |  | — |  |  |  | 196 |  |  |  | (196 | ) |  |  | — |
Mining projects |  |  | 52 |  |  |  | (7 | ) |  |  | 45 |  |  |  | 49 |  |  |  | (6 | ) |  |  | 43 |
Internally developed software |  |  | 689 |  |  |  | (461 | ) |  |  | 228 |  |  |  | 636 |  |  |  | (423 | ) |  |  | 213 |
Others intangible assets |  |  | 351 |  |  |  | (218 | ) |  |  | 133 |  |  |  | 398 |  |  |  | (290 | ) |  |  | 108 |
|  | $ | 11,098 |  |  |  | (1,335 | ) |  |  | 9,763 |  |  |  | 11,603 |  |  |  | (1,351 | ) |  |  | 10,252 |
Summary of Changes in Consolidated goodwill | Changes in consolidated goodwill for the years ended December 31, 2021, 2020 and 2019, were as follows:
|  | 2021 |  |  | 2020 |  |  | 2019 |
Balance at beginning of period |  | $ | 8,506 |  |  |  | 9,562 |  |  |  | 9,912 |
Impairment losses |  |  | (440 | ) |  |  | (1,020 | ) |  |  | — |
Business combinations (note 5.1) |  |  | 5 |  |  |  | 2 |  |  |  | — |
Reclassification to assets held for sale (notes 5.2, 5.3 and 14.1) |  |  | (2 | ) |  |  | (9 | ) |  |  | (371 | )
Foreign currency translation effects |  |  | (85 | ) |  |  | (29 | ) |  |  | 21 |
Balance at end of period |  | $ | 7,984 |  |  |  | 8,506 |  |  |  | 9,562 |
Summary of Changes in Intangible Asset | Changes in intangible assets of definite life in 2021, 2020 and 2019, were as follows:
|  | 2021 |
|  | Extraction rights |  |  | Industrial property and trademarks |  |  | Mining projects |  |  | Internally developed software 1 |  |  | Others |  |  | Total |
Balance at beginning of period |  | $ | 1,358 |  |  |  | 24 |  |  |  | 43 |  |  |  | 213 |  |  |  | 108 |  |  |  | 1,746 |
Impairment losses (note 2) |  |  | — |  |  |  | — |  |  |  | — |  |  |  | (49 | ) |  |  | (4 | ) |  |  | (53 | )
Amortization for the period |  |  | (24 | ) |  |  | (2 | ) |  |  | (1 | ) |  |  | (71 | ) |  |  | (22 | ) |  |  | (120 | )
Additions (disposals), net 1 |  |  | 27 |  |  |  | — |  |  |  | 2 |  |  |  | 132 |  |  |  | 53 |  |  |  | 214 |
Foreign currency translation effects |  |  | (11 | ) |  |  | 1 |  |  |  | 1 |  |  |  | 3 |  |  |  | (2 | ) |  |  | (8 | )
Balance at the end of period |  | $ | 1,350 |  |  |  | 23 |  |  |  | 45 |  |  |  | 228 |  |  |  | 133 |  |  |  | 1,779 |
|  | 2020 |  |  |  |
|  | Extraction rights |  |  | Industrial property and trademarks |  |  | Mining projects |  |  | Internally developed software 1 |  |  | Others |  |  | Total |  |  | 2019 |
Balance at beginning of period |  | $ | 1,590 |  |  |  | 24 |  |  |  | 43 |  |  |  | 253 |  |  |  | 118 |  |  |  | 2,028 |  |  |  | 2,024 |
Impairment losses (note 2) |  |  | (181 | ) |  |  | – |  |  |  | – |  |  |  | – |  |  |  | (13 | ) |  |  | (194 | ) |  |  | — |
Amortization for the period |  |  | (21 | ) |  |  | (2 | ) |  |  | (1 | ) |  |  | (79 | ) |  |  | (27 | ) |  |  | (130 | ) |  |  | (124 | )
Additions (disposals), net 1 |  |  | (33 | ) |  |  | – |  |  |  | – |  |  |  | 40 |  |  |  | 26 |  |  |  | 33 |  |  |  | 81 |
Business combinations (note 5.1) |  |  | — |  |  |  | 2 |  |  |  | — |  |  |  | — |  |  |  | 5 |  |  |  | 7 |  |  |  | — |
Reclassifications |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | (2 | )
Foreign currency translation effects |  |  | 3 |  |  |  | – |  |  |  | 1 |  |  |  | (1 | ) |  |  | (1 | ) |  |  | 2 |  |  |  | 49 |
Balance at the end of period |  | $ | 1,358 |  |  |  | 24 |  |  |  | 43 |  |  |  | 213 |  |  |  | 108 |  |  |  | 1,746 |  |  |  | 2,028 |
1 | Includes the capitalized direct costs incurred in th e development stage of internal-use software, such as professional fees, direct labor and related travel expenses. The capitalized amounts are amortized to the statement of operations over a period ranging from 3 to 5 years.
Summary of Goodwill Balances Allocated by Operating Segment | As of December 31, 2021 and 2020, goodwill balances allocated by Operating Segment were as follows:
|  | 2021 |  |  | 2020 |
Mexico |  | $ | 361 |  |  |  | 372 |
United States |  |  | 6,449 |  |  |  | 6,449 |
EMEAA |  |  |  |  |  |  |  |
United Kingdom |  |  | 280 |  |  |  | 292 |
France |  |  | 213 |  |  |  | 229 |
Spain |  |  | 158 |  |  |  | 463 |
Philippines |  |  | 89 |  |  |  | 95 |
United Arab Emirates |  |  | — |  |  |  | 96 |
Rest of EMEAA 1 |  |  | 48 |  |  |  | 44 |
SCA&C |  |  |  |  |  |  |  |
Colombia |  |  | 244 |  |  |  | 283 |
Caribbean TCL |  |  | 83 |  |  |  | 92 |
Rest of SCA&C 2 |  |  | 59 |  |  |  | 64 |
Others |  |  |  |  |  |  |  |
Other reporting segments 3 |  |  | — |  |  |  | 27 |
|  | $ | 7,984 |  |  |  | 8,506 |
1 | This caption refers to the operating segments in Israel, the Czech Republic and Egypt.
2 | This caption refers to the operating segments in the Dominican Republic, the Caribbean and Panama.
3 | This caption is primarily associated with Neoris N.V., CEMEX’s subsidiary involved in the sale of information technology and services.
Summary of Pre-tax Discount Rates and Long-term Growth Rates Used to Determine the Discounted Cash Flows | As of December 31, 2021, 2020 and 2019, CEMEX’s pre-tax discount rates and long-term growth rates used to determine the discounted cash flows in the group of CGUs with the main goodwill balances were as follows:
|  | Discount rates |  |  | Long-term growth rates 1 |
Groups of CGUs |  | 2021 |  |  | 2020 |  |  | 2019 |  |  | 2021 |  |  | 2020 |  |  | 2019 |
United States |  |  | 7.2 | % |  |  | 7.3 | % |  |  | 7.8 | % |  |  | 2.0 | % |  |  | 2.0 | % |  |  | 2.5 | %
Spain |  |  | 7.6 | % |  |  | 7.7 | % |  |  | 8.3 | % |  |  | 1.5 | % |  |  | 1.5 | % |  |  | 1.6 | %
United Kingdom |  |  | 7.3 | % |  |  | 7.4 | % |  |  | 8.0 | % |  |  | 1.5 | % |  |  | 1.6 | % |  |  | 1.5 | %
France |  |  | 7.3 | % |  |  | 7.4 | % |  |  | 8.0 | % |  |  | 1.4 | % |  |  | 1.7 | % |  |  | 1.4 | %
Mexico |  |  | 8.4 | % |  |  | 8.3 | % |  |  | 9.0 | % |  |  | 1.0 | % |  |  | 1.1 | % |  |  | 2.4 | %
Colombia |  |  | 8.5 | % |  |  | 8.4 | % |  |  | 8.9 | % |  |  | 3.5 | % |  |  | 2.5 | % |  |  | 3.7 | %
United Arab Emirates |  |  | — |  |  |  | 8.3 | % |  |  | 8.8 | % |  |  | — |  |  |  | 2.6 | % |  |  | 2.5 | %
Egypt |  |  | 10.7 | % |  |  | 10.2 | % |  |  | 10.3 | % |  |  | 3.0 | % |  |  | 5.6 | % |  |  | 6.0 | %
Range of rates in other countries |  |  | 7.4% – 11.7 | % |  |  | 7.2% – 15.5 | % |  |  | 8.1% – 11.5 | % |  |  | 1.7% – 6.0 | % |  |  | (0.3%) – 6.5 | % |  |  | 1.6% – 6.5 | %
Summary Of Operating Segments Presenting Impairment Charges Or Relative Impairment Risk | In relation to the economic assumptions used by the Company described above, the additional impairment losses that would have resulted from the sensitivity analyses derived from independent changes in each of the relevant assumptions, as well as the multiples of Operating EBITDA, in those operating segments that presented impairment charges or relative impairment risk during 2021, are as follows:
|  |  |  |  | Additional effects of the sensitivity analyses to the charges recognized from the changes in assumptions as of December 31, 2021 |
Operating segment |  | Impairment losses recognized |  |  | Discount rate +1% |  |  | Long-term growth rate –1% |  |  | Multiples Operating EBITDA 11.5x |
Spain |  | $ | 317 |  |  |  | 57 |  |  |  | 42 |  |  |  | — |
United States |  |  | — |  |  |  | 238 |  |  |  | — |  |  |  | — |

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