As of December 31, 2022, the Maceo plant in Colombia, finalized significantly in 2017, with an annual capacity of approximately 1.3 million tons of cement, has not initiated commercial operations mainly as the access road has not been finalized. As of the reporting date, the works related to the access road to the plant reflect a significant progress; nonetheless, the beginning of commercial operations is subject also to the successful conclusion of several ongoing processes for the proper operation of the assets and other legal proceedings (note 25.3). As of December 31, 2022, the carrying amount of the plant, is for an amount in Colombian Pesos equivalent to $219.

In 2022 includes sales of

non-strategic

fixed assets in the United States and the United Kingdom for $5 and $5, respectively, among others. 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.

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.

During 2022, 2021 and 2020, CEMEX recognized impairment losses of fixed assets for $77, $43 and $306, respectively, mainly in connection with reductions in estimated discounted future cash flows due to the increase in interest rates and assets held for sale in 2022 and 2021, and the negative effects of the

COVID-19

Pandemic in 2020, as a result of which CEMEX closed 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. Moreover, during 2022 and 2021 there were no reversal of impairment charges of the

COVID-19

Pandemic’ related adjustments of 2020 as all related assets remain closed.

For the years ended December 31, 2022, 2021 and 2020, 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 2.11 and 7).

During the years ended December 31, 2022, 2021 and 2020 impairment losses of fixed assets by country are as follows:


	2022		2021		2020
United States	$	26		18		76
Spain		23		—		135
Colombia		—		10		2
Caribbean TCL		14		—		—
United Kingdom		10		5		39
Puerto Rico		—		—		20
Croatia		—		—		13
Panama		—		—		12
Others		4		10		9

	$	77		43		306

15.2)

ASSETS FOR THE

RIGHT-OF-USE,

NET

As of December 31, 2022 and 2021, consolidated assets for the

right-of-use,

net and the changes in this caption during 2022, 2021 and 2020, were as follows:


	2022
	Land			Buildings			Machinery and equipment			Others			Total
Assets for the right-of-use at beginning of period	$	395			401			1,513			21			2,330
Accumulated depreciation		(147	)		(205	)		(845	)		(13	)		(1,210	)

Net book value at beginning of period		248			196			668			8			1,120
Additions of new leases		45			21			207			23			296
Cancellations and remeasurements		(15	)		(27	)		(82	)		(1	)		(125	)
Depreciation		(1	)		(77	)		(165	)		(15	)		(258	)
Foreign currency translation effects		20			19			48			8			95

Assets for the right-of-use at end of period		439			335			1,570			55			2,399
Accumulated depreciation		(142	)		(203	)		(894	)		(32	)		(1,271	)

Net book value at end of period	$	297			132			676			23			1,128


	2021
	Land			Buildings			Machinery and equipment			Others			Total			2020
Assets for the right-of-use at beginning of period	$	409			457			1,502			21			2,389			2,265
Accumulated depreciation		(139	)		(253	)		(744	)		(10	)		(1,146	)		(980	)

Net book value at beginning of period		270			204			758			11			1,243			1,285
Additions of new leases		59			22			143			3			227			213
Cancellations and remeasurements		(28	)		(19	)		(87	)		—			(134	)		(76	)
Business combinations (note 4.1)		—			—			—			—			—			13
Depreciation		(17	)		(37	)		(226	)		(3	)		(283	)		(239	)
Foreign currency translation effects		(36	)		26			80			(3	)		67			47

Assets for the right-of-use at end of period		395			401			1,513			21			2,330			2,389
Accumulated depreciation		(147	)		(205	)		(845	)		(13	)		(1,210	)		(1,146	)

Net book value at end of period	$	248			196			668			8			1,120			1,243

For the years ended December 31, 2022, 2021 and 2020, the combined rental expense related with short-term leases, leases of

low-value

assets and variable lease payments were $108, $94 and $97, 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 2022, 2021 and 2020, CEMEX did not have significant rent concessions related to the

COVID-19

Pandemic.