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Stockholders' Equity (Tables) | 12 Months Ended
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Dec. 31, 2023
Text block [abstract] |
Schedule of reconciliation of controlling interest due to different currencies | As of December 31, 2023, the line-by-line reconciliation between Cemex’s controlling interest, as reported using the Dollar as presentation currency, and the Parent Company’s stockholders’ equity, using a convenience translation of the balances in Pesos translated using the exchange rate of 16.97 Pesos per Dollar as of December 31, 2023, is as follows:
|  |  |  |  | As of December 31, 2023 |
|  |  |  |  | Consolidated |  |  | Parent Company |
Common stock and additional paid-in capital 1 |  | $ |  |  |  |  | 7,699 |  |  |  | 6,086 |
Other equity reserves 1, 2 |  |  |  |  |  |  | (363 | ) |  |  | 1,576 |
Retained earnings 2 |  |  |  |  |  |  | 4,428 |  |  |  | 4,102 |
Total controlling interest |  | $ |  |  |  |  | 11,764 |  |  |  | 11,764 |
1 | The difference relates to the method of accruing Dollars using the historical exchange rates to translate each common stock and additional paid-in capital transaction denominated in Pesos to Dollars. The cumulative effect of these changes in exchange rates is recognized against other equity reserves.
2 | The difference relates to the method of accruing Dollars using the exchange rates of each month during the period for statement of income purposes. The cumulative effect of these changes in exchange rates is recognized against other equity reserves.
Summary of Breakdown of Common Stock and Additional Paid-in Capital | As of December 31, 2023 and 2022, the breakdown of consolidated common stock and additional paid-in capital was as follows:
|  |  |  |  | 2023 |  |  | 2022 |
Common stock |  | $ |  |  |  |  | 318 |  |  |  | 318 |
Additional paid-in capital |  |  |  |  |  |  | 7,381 |  |  |  | 7,492 |
|  | $ |  |  |  |  | 7,699 |  |  |  | 7,810 |
Summary of Common Stock | As of December 31, 2023 and 2022, the common stock of Cemex, S.A.B. de C.V. was presented as follows:
|  | 2023 |  |  | 2022 |
Shares 1 |  | Series A 2 |  |  | Series B 2 |  |  | Series A 2 |  |  | Series B 2 |
Subscribed and paid shares |  |  | 29,016,656,496 |  |  |  | 14,508,328,248 |  |  |  | 29,016,656,496 |  |  |  | 14,508,328,248 |
Unissued shares authorized for executives’ stock compensation programs |  |  | 881,442,830 |  |  |  | 440,721,415 |  |  |  | 881,442,830 |  |  |  | 440,721,415 |
Repurchased shares 3 |  |  | – |  |  |  | – |  |  |  | 441,284,956 |  |  |  | 220,642,478 |
|  |  | 29,898,099,326 |  |  |  | 14,949,049,663 |  |  |  | 30,339,384,282 |  |  |  | 15,169,692,141 |
1 | As of December 31, 2023 and 2022, 13,068,000,000 shares correspond to the fixed portion, and 31,779,148,989 shares in 2023 and 32,441,076,423 shares in 2022 correspond to the variable portion.
2 | Series “A” or Mexican shares must represent at least 64% of Cemex, S.A.B. de C.V.’s capital stock; Series “B” or free subscription shares must represent at most 36% of Cemex, S.A.B. de C.V.’s capital stock.
3 | Shares repurchased under the share repurchase program authorized by the Parent Company’s shareholders (note 21.2).
Summary of other Equity Reserves and Subordinated Notes | As of December 31, 2023 and 2022, the caption of other equity reserves and subordinated notes was integrated as follows:
|  |  |  |  | 2023 |  |  | 2022 |
Other equity reserves |  | $ |  |  |  |  | (2,349 | ) |  |  | (2,549) |
Subordinated notes |  |  |  |  |  |  | 1,986 |  |  |  | 994 |
|  | $ |  |  |  |  | (363 | ) |  |  | (1,555) |
Summary of Other Equity Reserves | As of December 31, 2023 and 2022, other equity reserves are detailed as follows:
|  |  |  |  | 2023 |  |  | 2022 |
Cumulative translation effect, tax effects from deferred income taxes recognized directly in equity (note 20.2) and derivative financial instruments designated as cash flow hedges |  | $ |  |  |  |  | (672 | ) |  |  | (926) |
Cumulative actuarial losses |  |  |  |  |  |  | (398 | ) |  |  | (353) |
Cumulative coupon payments under perpetual debentures (note 21.4) |  |  |  |  |  |  | (1,070 | ) |  |  | (1,070) |
Cumulative coupon payments under subordinated notes |  |  |  |  |  |  | (204 | ) |  |  | (84) |
Cancellation of treasury shares by shareholders’ resolution (note 21.1) |  |  |  |  |  |  | – |  |  |  | (111) |
Other effects |  |  |  |  |  |  | (5 | ) |  |  | (5) |
|  | $ |  |  |  |  | (2,349 | ) |  |  | (2,549) |
Summary of Translation Effects of Foreign Subsidiaries Included in Statements of Comprehensive Income (Loss) | For the years ended December 31, 2023, 2022 and 2021, the translation effects of foreign subsidiaries included in the statements of comprehensive income were as follows:
|  |  |  |  | 2023 |  |  | 2022 |  |  | 2021 |
Foreign currency translation result 1 |  | $ |  |  |  |  | 356 |  |  |  | (235 | ) |  |  | (476) |
Foreign exchange fluctuations from debt 2 |  |  |  |  |  |  | (28 | ) |  |  | (23 | ) |  |  | 89 |
Foreign exchange fluctuations from intercompany balances 3 |  |  |  |  |  |  | (73 | ) |  |  | (68 | ) |  |  | (13) |
|  | $ |  |  |  |  | 255 |  |  |  | (326 | ) |  |  | (400) |
1 | These effects refer to the result from the translation of the financial statements of foreign subsidiaries and include the changes in the fair value of foreign exchange forward contracts designated as a hedge of a net investment (note 17.4).
2 | Generated by foreign exchange fluctuations over a notional amount of debt in Cemex, S.A.B. de C.V., associated with the acquisition of foreign subsidiaries and designated as a hedge of the net investment in foreign subsidiaries (note 28.3).
3 | Refers to foreign exchange fluctuations arising from balances with related parties in foreign currencies that are of a long-term investment nature considering that their liquidation is not anticipated in the foreseeable future and foreign exchange fluctuations over a notional amount of debt of a subsidiary of Cemex España identified and designated as a hedge of the net investment in foreign subsidiaries.

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