XML 160 R60.htm IDEA: XBRL DOCUMENT

Material Accounting Policies (Tables)

12 Months Ended

Dec. 31, 2023

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%