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Material Accounting Policies (Tables) | 12 Months Ended
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Dec. 31, 2023
Text block [abstract] |
Summary of Foreign Exchange Rates | The most significant closing exchange rates for the statement of financial position and the approximate average exchange rates (as determined using the closing exchange rates of each month within the period) for the statements of income with respect Cemex’s main functional currencies to the Dollar as of December 31, 2023, 2022 and 2021, were as follows:
|  | 2023 |  |  | 2022 |  |  | 2021 |
Currency |  | Closing |  |  | Average |  |  | Closing |  |  | Average |  |  | Closing |  |  | Average |
Peso |  |  | 16.9700 |  |  |  | 17.6300 |  |  |  | 19.5000 |  |  |  | 20.0274 |  |  |  | 20.5000 |  |  |  | 20.4266 |
Euro |  |  | 0.9059 |  |  |  | 0.9227 |  |  |  | 0.9344 |  |  |  | 0.9522 |  |  |  | 0.8789 |  |  |  | 0.8467 |
British Pound Sterling |  |  | 0.7852 |  |  |  | 0.8019 |  |  |  | 0.8266 |  |  |  | 0.8139 |  |  |  | 0.7395 |  |  |  | 0.7262 |
Colombian Peso |  |  | 3,822 |  |  |  | 4,272 |  |  |  | 4,810 |  |  |  | 4,277 |  |  |  | 3,981 |  |  |  | 3,783 |
Summary of Statutory Tax Rates | For the years ended December 31, 2023, 2022 and 2021, the statutory tax rates in Cemex’s main operations were as follows:
Country |  | 2023 |  |  |  | 2022 |  |  |  | 2021
Mexico |  | 30.0% |  |  |  | 30.0% |  |  |  | 30.0%
United States |  | 21.0% |  |  |  | 21.0% |  |  |  | 21.0%
United Kingdom |  | 23.5% |  |  |  | 19.0% |  |  |  | 19.0%
France |  | 25.8% |  |  |  | 25.8% |  |  |  | 28.4%
Germany |  | 28.2% |  |  |  | 28.2% |  |  |  | 28.2%
Spain |  | 25.0% |  |  |  | 25.0% |  |  |  | 25.0%
Philippines |  | 25.0% |  |  |  | 25.0% |  |  |  | 25.0%
Israel |  | 23.0% |  |  |  | 23.0% |  |  |  | 23.0%
Colombia |  | 35.0% |  |  |  | 35.0% |  |  |  | 31.0%
Others |  | 5.5% – 30.0% |  |  |  | 5.5% – 30.0% |  |  |  | 5.5% – 30.0%

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