XML 116 R16.htm IDEA: XBRL DOCUMENT
v3.24.1.u1

Trade Accounts Receivable | 12 Months Ended
--- | ---
Dec. 31, 2023
Text block [abstract] |
Trade Accounts Receivable |
10) | TRADE ACCOUNTS RECEIVABLE
As of December 31, 2023 and 2022, consolidated trade accounts receivable consisted of:
|  |  |  |  | 2023 |  |  | 2022 |
Trade accounts receivable |  | $ |  |  |  |  | 1,841 |  |  |  | 1,735 |
Allowances for expected credit losses |  |  |  |  |  |  | (90 | ) |  |  | (91 | )
|  | $ |  |  |  |  | 1,751 |  |  |  | 1,644 |
As of December 31, 2023 and 2022, trade accounts receivable include receivables of $848 and $828, respectively, sold in several countries under outstanding trade accounts receivable securitization programs and/or factoring programs with recourse, in which, generally Cemex effectively surrenders control associated with the trade accounts receivable sold and there is no guarantee or obligation to reacquire the assets; nonetheless, in such programs, Cemex retains certain residual interest in the programs and/or maintains continuing involvement with the accounts receivable. Therefore, the trade accounts receivable sold were not derecognized from the statement of financial position and the funded amounts to Cemex as of December 31, 2023 and 2022 of $678 in both years, were recognized within the line item of “Other financial obligations” (note 17.2). The discount granted to the acquirers of the trade accounts receivable is recorded as financial expense and amounted to $52 in 2023, $24 in 2022 and $11 in 2021. Cemex’s securitization programs are usually negotiated for periods of one to two years and are usually renewed at their maturity. As of December 31, 2023, the balances of trade accounts receivable and the allowance for Expected Credit Losses (“ECL”) were as follows:
|  |  |  |  | Accounts receivable |  |  | ECL allowance |  |  | ECL average rate |
Mexico |  | $ |  |  |  |  | 457 |  |  |  | 31 |  |  |  | 6.8 | %
United States |  |  |  |  |  |  | 536 |  |  |  | 8 |  |  |  | 1.5 | %
EMEAA |  |  |  |  |  |  | 745 |  |  |  | 41 |  |  |  | 5.5 | %
SCA&C |  |  |  |  |  |  | 96 |  |  |  | 10 |  |  |  | 10.4 | %
Others |  |  |  |  |  |  | 7 |  |  |  | – |  |  |  | – |
|  | $ |  |  |  |  | 1,841 |  |  |  | 90 |  |  |  |  |
Changes in the allowance for ECL in 2023, 2022 and 2021, were as follows:
|  |  |  |  | 2023 |  |  | 2022 |  |  | 2021 |
Allowances for expected credit losses at beginning of period |  | $ |  |  |  |  | 91 |  |  |  | 101 |  |  |  | 121 |
Charged to selling expenses |  |  |  |  |  |  | 11 |  |  |  | 9 |  |  |  | 1 |
Deductions |  |  |  |  |  |  | (15 | ) |  |  | (21 | ) |  |  | (16 | )
Reclassification to assets held for sale |  |  |  |  |  |  | – |  |  |  | – |  |  |  | (2 | )
Foreign currency translation effects |  |  |  |  |  |  | 3 |  |  |  | 2 |  |  |  | (3 | )
Allowances for expected credit losses at end of period |  | $ |  |  |  |  | 90 |  |  |  | 91 |  |  |  | 101 |

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 trade and other receivables. [Refer: Trade and other receivables] + 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_DisclosureOfTradeAndOtherReceivablesExplanatory
Namespace Prefix: | ifrs-full_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration