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Trade Accounts Receivable (Tables)

12 Months Ended

Dec. 31, 2023

Text block [abstract]

Summary of 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

Summary of Trade Accounts Receivable and Allowance for Expected Credit Loss

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

Summary of Allowance for Expected Credit Losses

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