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Equity Accounted Investees, Other Investments and Non-Current Accounts Receivable (Tables)

12 Months Ended

Dec. 31, 2021

Summary of Main Investments in Common Shares of Associates

As of December 31, 2021 and 2020, the investments in common shares of associates were as

follows:


	Activity		Country		%		2021		2020
Camcem, S.A. de C.V.		Cement		Mexico		40.1	$	269		244
Concrete Supply Co. LLC		Concrete		United States		40.0		90		81
Lehigh White Cement Company		Cement		United States		36.8		69		62
Société d’Exploitation de Carrières		Aggregates		France		50.0		22		21
Société Méridionale de Carrières		Aggregates		France		33.3		12		14
Other companies		—		—		—		73		88

							$	535		510

Out of which:
Book value at acquisition date							$	303		311
Changes in stockholders’ equity							$	232		199

Summary of Combined Condensed Statement of Financial Position

Combined condensed statement of financial position information of CEMEX’s equity accounted investees as of December 31, 2021 and 2020 is set forth

below:


	2021		2020

Current assets	$	1,424		1,240
Non-current assets		1,718		1,662

Total assets		3,142		2,902

Current liabilities		532		496
Non-current liabilities		737		766

Total liabilities		1,269		1,262

Total net assets	$	1,873		1,640

Summary of Combined Selected Information of the Statements of Operations

Combined selected information of the statements of operations of CEMEX’s equity accounted investees in 2021, 2020 and 2019 is set forth

below:


	2021		2020		2019

Sales	$	1,801		1,759		1,600
Operating earnings		312		296		237
Income before income tax		219		175		158
Net income		153		128		118

Summary of Share of Profit of Equity Accounted Investees by Reportable Segment

The share of equity accounted investees by reportable segment in the statements of operations for 2021, 2020 and 2019 is detailed as

follows:


	2021		2020			2019

Mexico	$	28		30			23
United States		18		15			18
EMEAA		8		6			10
Corporate and others		—		(2	)		(2	)

	$	54		49			49

Summary of Other Investments and Non-current Accounts Receivable

As of December 31, 2021 and 2020, consolidated other investments and

non-current

accounts receivable were summarized as

follows:


	2021		2020

Non-current accounts receivable 1	$	204		246
Investments in strategic equity securities 2		14		23
Non-current portion of valuation of derivative financial instruments (note 18.4)		22		3
Investments at fair value through the income statement 3		3		3

	$	243		275

Includes, among other items: a) accounts receivable from investees and joint ventures of $21

million

in 2021 and $36 in 2020, b) advances to suppliers of fixed assets of $35 in 2021 and $47 in 2020, c) employee prepaid compensation of $7 in 2021 and $6 in 2020, and d) warranty deposits of $27 in 2021 and $29 in 2020.

2	These investments are recognized at fair value through other comprehensive income.

3	Refers to investments in private funds. In 2021 and 2020, no contributions were made to such private funds.