XML 101 R22.htm IDEA: XBRL DOCUMENT v3.22.1
Property, Machinery and Equipment, Net and Assets For The Right-Of-Use, Net
 12 Months Ended
Dec. 31, 2021
Text block [abstract]  
Property, Machinery and Equipment, Net and Assets For The Right-Of-Use, Net
16)
PROPERTY, MACHINERY AND EQUIPMENT, NET AND ASSETS FOR THE
RIGHT-OF-USE,
NET
As of December 31, 2021 and 2020, property, machinery and equipment, net and assets for the
right-of-use,
net were summarized as
follows:
 
 
  
2021
 
  
2020
 
Property, machinery and equipment, net
    $ 10,202        10,170  
Assets for the
right-of-use,
net
      1,120        1,243  
      
 
     
 
 
  
     $ 11,322        11,413  
      
 
     
 
 
  
16.1) PROPERTY, MACHINERY AND EQUIPMENT, NET
As of December 31, 2021 and 2020, consolidate
d
 property, machinery and equipment, net and the changes in this line item during 2021, 2020 and 2019, were as follows:

 
 
  
2021
 
 
  
Land and
mineral
reserves
 
 
Building
 
 
Machinery
and
equipment
 
 
Construction
in progress
1
 
 
Total
 
Cost at beginning of period
    $ 4,741       2,438       11,929       1,188       20,296  
Accumulated depreciation and depletion
      (1,177 )      (1,474 )      (7,475 )      —         (10,126 ) 
      
 
    
 
 
    
 
 
    
 
 
    
 
 
  
Net book value at beginning of period
      3,564       964       4,454       1,188       10,170  
Capital expenditures
      81       159       609       —         849  
Stripping costs
      18       —         —         —         18  
      
 
    
 
 
    
 
 
    
 
 
    
 
 
  
Total capital expenditures
      99       159       609       —         867  
Disposals
2
      (20 )      (6 )      (80 )      —         (106 ) 
Reclassifications
3
      (4 )      (8 )      (29 )      (3 )      (44 ) 
Depreciation and depletion for the period
      (108 )      (74 )      (542 )      —         (724 ) 
Impairment losses
      (11 )      (9 )      (15 )      (8 )      (43 ) 
Foreign currency translation effects
      55       12       (70 )      85       82  
      
 
    
 
 
    
 
 
    
 
 
    
 
 
  
Cost at end of period
      4,801       2,532       11,727       1,262       20,322  
Accumulated depreciation and depletion
      (1,226 )      (1,494 )      (7,400 )      —         (10,120 ) 
      
 
    
 
 
    
 
 
    
 
 
    
 
 
  
Net book value at end of period
    $ 3,575       1,038       4,327       1,262       10,202  
      
 
    
 
 
    
 
 
    
 
 
    
 
 
  
 
 
  
2020
 
 
 
 
 
  
Land and
mineral
reserves
 
 
Building
 
 
Machinery
and
equipment
 
 
Construction
in progress
1
 
 
Total
 
 
2019
1, 2
 
Cost at beginning of period
  
$
4,606
 
 
 
2,374
 
 
 
11,519
 
 
 
1,209
 
 
 
19,708
 
 
 
20,642
 
Accumulated depreciation and depletion
  
 
(968
) 
 
 
(1,326
) 
 
 
(6,849
) 
 
 
—  
 
 
 
(9,143
) 
 
 
(9,410
) 
 
  
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net book value at beginning of period
  
 
3,638
 
 
 
1,048
 
 
 
4,670
 
 
 
1,209
 
 
 
10,565
 
 
 
11,232
 
Capital expenditures
  
 
47
 
 
 
35
 
 
 
482
 
 
 
—  
 
 
 
564
 
 
 
737
 
Stripping costs
  
 
18
 
 
 
—  
 
 
 
—  
 
 
 
—  
 
 
 
18
 
 
 
22
 
 
  
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Total capital expenditures
  
 
65
 
 
 
35
 
 
 
482
 
 
 
—  
 
 
 
582
 
 
 
759
 
Disposals
2
  
 
(26
) 
 
 
(7
) 
 
 
(30
) 
 
 
—  
 
 
 
(63
) 
 
 
(96
) 
Reclassifications
3
  
 
(10
) 
 
 
(2
) 
 
 
(6
) 
 
 
—  
 
 
 
(18
) 
 
 
(402
) 
Business combinations (note 5.1)
  
 
—  
 
 
 
—  
 
 
 
11
 
 
 
—  
 
 
 
11
 
 
 
—  
 
Depreciation and depletion for the period
  
 
(134
) 
 
 
(99
) 
 
 
(515
) 
 
 
—  
 
 
 
(748
) 
 
 
(633
) 
Impairment losses
  
 
(87
) 
 
 
(54
) 
 
 
(165
) 
 
 
—  
 
 
 
(306
) 
 
 
(64
) 
Foreign currency translation effects
  
 
118
 
 
 
43
 
 
 
7
 
 
 
(21
) 
 
 
147
 
 
 
(231
) 
 
  
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Cost at end of period
  
 
4,741
 
 
 
2,438
 
 
 
11,929
 
 
 
1,188
 
 
 
20,296
 
 
 
19,708
 
Accumulated depreciation and depletion
  
 
(1,177
) 
 
 
(1,474
) 
 
 
(7,475
) 
 
 
—  
 
 
 
(10,126
) 
 
 
(9,143
) 
 
  
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net book value at end of period
  
$
3,564
 
 
 
964
 
 
 
4,454
 
 
 
1,188
 
 
 
10,170
 
 
 
10,565
 
 
  
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
1
As of December 31, 2021, the Maceo plant in Colombia, finalized significantly in 2017, with an annual capacity of approximately 1.3 million tons, has not initiated commercial operations. As of the reporting date, the works related to the access road to the plant remain suspended and the beginning of commercial operations is subject to the successful conclusion of several ongoing processes for the proper operation of the assets and other legal proceedings (note 26.3). As of December 31, 2021, the carrying amount of the plant, is for an amount in Colombian pesos equivalent to $240.
2
In 2021 includes sales of
non-strategic
fixed assets in Spain, the United States and the United Kingdom for $51, $29 and $12, respectively, among others. In 2020, includes sales of
non-strategic
fixed assets in the United Kingdom and the United States for $28 and $18, respectively, among others. In 2019, includes sales of
non-strategic
fixed assets in Germany, France and the United Kingdom for $32, $12 and $6, respectively, among others.
3
In 2021, refers to the reclassification to
held-for-sale
of the assets in Costa Rica and El Salvador for $43 and $1, respectively. In 2020, refers to the reclassification of the assets in France, Puerto Rico, Colombia and Dominican Republic for $8, $5, $3 and $2, respectively. In 2019, refers to the reclassification to
held-for-sale
of the assets in the United States, United Kingdom and Spain for $134, $182 and $86, respectively.
During 2020, considering mainly the negative effects of the
COVID-19
Pandemic on certain idle assets that will remain closed for the foreseeable future in relation to the estimated sales volumes and the Company’s ability to supply demand by achieving efficiencies in other operating assets, CEMEX recognized
non-cash
impairment losses for these assets for an aggregate amount of $306, of which $76 relate to assets in the United States mainly the North Brooksville plant, $189 to assets in EMEAA mainly referring to the Lloseta and Gador plants in Spain and the South Ferriby plant in the United Kingdom, and minor adjustments in other countries and $39 to assets in SCA&C mainly in connection with land in Puerto Rico and the kiln 1 in Panama. In 2019 due to the continued adverse outlook and the overall uncertain economic conditions in Puerto Rico after hurricane “Maria” in 2017, CEMEX recognized an impairment loss of $52. During 2021, there were no significant impairment losses of fixed assets. Moreover, during 2021 there were no reversal of impairment charges of the
COVID-19
Pandemic’ related adjustments of 2020 due to assets being recommissioned.
For the years ended December 31, 2021, 2020 and 2019, CEMEX adjusted the related fixed assets to their estimated value in use in those circumstances in which the assets would continue in operation based on estimated cash flows during the remaining useful life, or to their realizable value, in case of permanent shut down, and recognized impairment losses within the line item of “Other expenses, net” (notes 3.11 and 8).

During the years ended December 31, 2021, 2020 and 2019 impairment losses of fixed assets by country are as follows:
 
 
  
2021
 
  
2020
 
  
2019
 
United States
    $ 18        76        6  
Colombia
      10        2        3  
United Kingdom
      5        39        —    
Czech Republic
      5        —          —    
Spain
      —          135        —    
Puerto Rico
      —          20        52  
Croatia
      —          13        —    
Panama
      —          12        —    
Others
      5        9        3  
      
 
     
 
 
     
 
 
  
     $ 43        306        64  
      
 
     
 
 
     
 
 
  

16.2)
ASSETS FOR THE
RIGHT-OF-USE,
NET
As of December 31, 2021 and 2020, consolidated asset
s
 for the
right-of-use,
net and the changes in this caption during 2021, 2020 and 2019, were as follows:
 
 
  
2021
 
 
  
Land
 
 
Buildings
 
 
Machinery
and
equipment
 
 
Others
 
 
Total
 
Assets for the
right-of-use
at beginning of period
    $ 409       457       1,502       21       2,389  
Accumulated depreciation
      (139 )      (253 )      (744 )      (10 )      (1,146 ) 
      
 
    
 
 
    
 
 
    
 
 
    
 
 
  
Net book value at beginning of period
      270       204       758       11       1,243  
Additions of new leases
      59       22       143       3       227  
Cancellations and remeasurements
      (28 )      (19 )      (87 )     
–
  		       (134 ) 
Depreciation
      (17 )      (37 )      (226 )      (3 )      (283 ) 
Foreign currency translation effects
      (36 )      26       80       (3 )      67  
      
 
    
 
 
    
 
 
    
 
 
    
 
 
  
Assets for the
right-of-use
at end of period
      395       401       1,513       21       2,330  
Accumulated depreciation
      (147 )      (205 )      (845 )      (13 )      (1,210 ) 
      
 
    
 
 
    
 
 
    
 
 
    
 
 
  
Net book value at end of period
    $ 248       196       668       8       1,120  
      
 
    
 
 
    
 
 
    
 
 
    
 
 
  
 
  
2020
 
 
 
 
 
  
Land
 
 
Buildings
 
 
Machinery
and
equipment
 
 
Others
 
 
Total
 
 
2019
 
Assets for the
right-of-use
at beginning of period
  
$
366
 
 
 
471
 
 
 
1,417
 
 
 
11
 
 
 
2,265
 
 
 
2,073
 
Accumulated depreciation
  
 
(117
) 
 
 
(233
) 
 
 
(625
) 
 
 
(5
) 
 
 
(980
) 
 
 
(851
) 
 
  
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net book value at beginning of period
  
 
249
 
 
 
238
 
 
 
792
 
 
 
6
 
 
 
1,285
 
 
 
1,222
 
Additions of new leases
  
 
42
 
 
 
38
 
 
 
127
 
 
 
6
 
 
 
213
 
 
 
274
 
Cancellations and remeasurements
  
 
(7
) 
 
 
(17
) 
 
 
(51
) 
 
 
(1
) 
 
 
(76
) 
 
 
(52
) 
Business combinations (note 5.1)
  
 
13
 
 
 
—  
 
 
 
—  
 
 
 
—  
 
 
 
13
 
 
 
—  
 
Reclassifications
  
 
—  
 
 
 
—  
 
 
 
—  
 
 
 
—  
 
 
 
—  
 
 
 
35
 
Depreciation
  
 
(28
) 
 
 
(35
) 
 
 
(173
) 
 
 
(3
) 
 
 
(239
) 
 
 
(288
) 
Foreign currency translation effects
  
 
1
 
 
 
(20
) 
 
 
63
 
 
 
3
 
 
 
47
 
 
 
94
 
 
  
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Assets for the
right-of-use
at end of period
  
 
409
 
 
 
457
 
 
 
1,502
 
 
 
21
 
 
 
2,389
 
 
 
2,265
 
Accumulated depreciation
  
 
(139
) 
 
 
(253
) 
 
 
(744
) 
 
 
(10
) 
 
 
(1,146
) 
 
 
(980
) 
 
  
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net book value at end of period
  
$
270
 
 
 
204
 
 
 
758
 
 
 
11
 
 
 
1,243
 
 
 
1,285
 
 
  
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
For the years ended December 31, 2021, 2020 and 2019, the combined rental expense related with short-term leases, leases of
low-value
assets and variable lease payments were $94, $97 and $104, respectively, and were recognized in cost of sales and operating expenses, as correspond. During the reported periods, CEMEX did not have any material revenue from
sub-leasing
activities. Moreover, during 2021 and 2020, CEMEX did not have significant rent concessions related to the
COVID-19
Pandemic (note 2).