XML 158 R58.htm IDEA: XBRL DOCUMENT
v3.24.1.u1

Commitments (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2023
Text block [abstract] |
Summary of Contractual Obligations | As of December 31, 2023, Cemex had the following contractual obligations:
|  |  |  |  | 2023 |
Obligations |  |  |  |  | Less than 1 year |  |  | 1-3 years |  |  | 3-5 years |  |  | More than 5 years |  |  | Total |
Long-term debt |  | $ |  |  |  |  | 25 |  |  |  | 1,614 |  |  |  | 1,734 |  |  |  | 2,902 |  |  |  | 6,275 |
Leases 1 |  |  |  |  |  |  | 340 |  |  |  | 493 |  |  |  | 282 |  |  |  | 509 |  |  |  | 1,624 |
Total debt and other financial obligations 2 |  |  |  |  |  |  | 365 |  |  |  | 2,107 |  |  |  | 2,016 |  |  |  | 3,411 |  |  |  | 7,899 |
Interest payments on debt 3 |  |  |  |  |  |  | 369 |  |  |  | 595 |  |  |  | 464 |  |  |  | 393 |  |  |  | 1,821 |
Pension plans and other benefits 4 |  |  |  |  |  |  | 173 |  |  |  | 300 |  |  |  | 296 |  |  |  | 734 |  |  |  | 1,503 |
Acquisition of property, plant and equipment 5 |  |  |  |  |  |  | 286 |  |  |  | 155 |  |  |  | – |  |  |  | – |  |  |  | 441 |
Purchases of services, raw materials, fuel and energy 6 |  |  |  |  |  |  | 674 |  |  |  | 1,043 |  |  |  | 643 |  |  |  | 611 |  |  |  | 2,971 |
Total contractual obligations |  | $ |  |  |  |  | 1,867 |  |  |  | 4,200 |  |  |  | 3,419 |  |  |  | 5,149 |  |  |  | 14,635 |
1 | Represent nominal cash flows. As of December 31, 2023, the NPV of future payments under the Company’s lease contracts was $1,258, of which, $325 refers to payments from 1 to 3 years and $185 refers to payments from 3 to 5 years.
2 | The schedule of debt payments, which includes current maturities, does not consider the effect of any refinancing of debt that may occur during the following years. In the past, Cemex has replaced its long-term obligations for others of a similar nature.
3 | Estimated cash flows on floating rate denominated debt were determined using the floating interest rates in effect as of December 31, 2023.
4 | Represents estimated annual payments under these benefits for the next ten years (note 19), including the estimate of new retirees during such future years.
5 | Refers mainly to the expansion of a cement production line in the Philippines.
6 | Future payments for the purchase of raw materials are presented based on contractual nominal cash flows. Future nominal payments for energy were estimated for all contractual commitments based on an aggregate average expected consumption per year using the future prices of energy established in the contracts for each period. Future payments also include Cemex’s commitments for the purchase of fuel. In addition, includes a contractual commitment with Neoris over a 5-year contract from 2023 until 2027 for the acquisition by Cemex of digitalization services and solutions for an annual amount of $55. Moreover, it includes the Company’s commitments with six vendors for back-office services for an average annual amount of $60.

X
- Definition Text block [abstract] + References No definition available. + Details
Name: | cx_TextBlockAbstract
Namespace Prefix: | cx_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The disclosure of commitments. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Name IAS -Number 1 -IssueDate 2023-01-01 -Paragraph 10 -Subparagraph e -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&num=1&code=ifrs-tx-2023-en-r&anchor=para_10_e&doctype=Standard -URIDate 2023-03-23 + Details
Name: | ifrs-full_DisclosureOfCommitmentsExplanatory
Namespace Prefix: | ifrs-full_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration