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Financial Instruments (Tables) | 12 Months Ended
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Dec. 31, 2024
Disclosure [Abstract] |
Summary of Debt Summarized by Interest Rates and Currencies | As of December 31, 2024 and 2023, Cemex’s consolidated debt summarized by interest rates and currencies, was as follows:
|  |  |  |  | 2024 |  |  |  |  |  | 2023 |
|  |  |  |  | Current |  |  | Non-current |  |  | Total 1, 2 |  |  |  |  |  | Current |  |  | Non-current |  |  | Total 1, 2 |
Floating rate debt |  | $ |  |  |  |  | 23 |  |  |  | 1,305 |  |  |  | 1,328 |  |  | $ |  |  |  |  | 13 |  |  |  | 1,968 |  |  |  | 1,981 |
Fixed rate debt |  |  |  |  |  |  | 166 |  |  |  | 4,035 |  |  |  | 4,201 |  |  |  |  |  |  |  | 12 |  |  |  | 4,235 |  |  |  | 4,247 |
|  | $ |  |  |  |  | 189 |  |  |  | 5,340 |  |  |  | 5,529 |  |  | $ |  |  |  |  | 25 |  |  |  | 6,203 |  |  |  | 6,228 |
Effective rate 3 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Floating rate |  |  |  |  |  |  | 5.1% |  |  |  | 6.0% |  |  |  |  |  |  |  |  |  |  |  | 6.4% |  |  |  | 7.1% |  |  |  |  |
Fixed rate |  |  |  |  |  |  | 7.3% |  |  |  | 4.6% |  |  |  |  |  |  |  |  |  |  |  | 4.4% |  |  |  | 5.0% |  |  |  |  |
|  |  |  |  | 2024 |  |  |  |  |  | 2023 |
Currency |  |  |  |  | Current |  |  | Non-current |  |  | Total |  |  | Effective rate 3 |  |  |  |  |  | Current |  |  | Non-current |  |  | Total |  |  | Effective rate 3 |
Dollars |  | $ |  |  |  |  | 161 |  |  |  | 3,595 |  |  |  | 3,756 |  |  |  | 5.1% |  |  | $ |  |  |  |  | 1 |  |  |  | 4,348 |  |  |  | 4,349 |  |  |  | 5.5% |
Euros |  |  |  |  |  |  | 2 |  |  |  | 876 |  |  |  | 878 |  |  |  | 3.9% |  |  |  |  |  |  |  | 9 |  |  |  | 990 |  |  |  | 999 |  |  |  | 4.2% |
Pesos |  |  |  |  |  |  | — |  |  |  | 842 |  |  |  | 842 |  |  |  | 11.2% |  |  |  |  |  |  |  | — |  |  |  | 704 |  |  |  | 704 |  |  |  | 12.0% |
Philippine Pesos |  |  |  |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  |  |  |  |  | 11 |  |  |  | 112 |  |  |  | 123 |  |  |  | 7.1% |
Other currencies |  |  |  |  |  |  | 26 |  |  |  | 27 |  |  |  | 53 |  |  |  | 5.4% |  |  |  |  |  |  |  | 4 |  |  |  | 49 |  |  |  | 53 |  |  |  | 4.5% |
|  |  |  |  |  | $ | 189 |  |  |  | 5,340 |  |  |  | 5,529 |  |  |  |  |  |  | $ |  |  |  |  | 25 |  |  |  | 6,203 |  |  |  | 6,228 |  |  |  |  |
1 | As of December 31, 2024 and 2023, from the total debt of $5,529 and $6,228, respectively, 95% and 94% was held in the Parent Company and 5% and 6% in subsidiaries of the Parent Company, respectively.
2 | As of December 31, 2024 and 2023, cumulative discounts, fees and other direct costs incurred in Cemex’s outstanding debt borrowings and the issuance of notes payable (jointly “Issuance Costs”) for $29 and $47, respectively, are presented reducing debt balances and are amortized to financial expense over the maturity of the related debt instruments under the effective interest rate method.
3 | In 2024 and 2023, represents the weighted-average effective interest rate of the related debt agreements determined at the end of each period.
Summary of Consolidated Debt by Type of Instrument | As of December 31, 2024 and 2023, Cemex’s consolidated debt summarized by type of instrument, was as follows:
2024 |  |  |  |  | Current |  |  | Non-current |  |  | 2023 |  |  |  |  | Current |  |  | Non-current |
Bank loans |  |  |  |  |  |  |  |  |  |  |  |  |  | Bank loans |  |  |  |  |  |  |  |  |  |  |  |
Lines of credit, 2025 to 2026 |  |  |  |  |  |  | $11 |  |  |  | 81 |  |  | Lines of credit, 2024 to 2025 |  | $ |  |  |  |  | 10 |  |  |  | 202 |
Syndicated loans, 2026 to 2029 |  |  |  |  |  |  | — |  |  |  | 1,731 |  |  | Syndicated loans, 2025 to 2028 |  |  |  |  |  |  | — |  |  |  | 2,476 |
|  |  |  |  |  |  | 11 |  |  |  | 1,812 |  |  |  |  |  |  |  |  |  | 10 |  |  |  | 2,678 |
Notes payable |  |  |  |  |  |  |  |  |  |  |  |  |  | Notes payable |  |  |  |  |  |  |  |  |  |  |  |
Medium-term notes, 2025 to 2031 |  |  |  |  |  |  | 150 |  |  |  | 3,538 |  |  | Medium-term notes, 2026 to 2031 |  |  |  |  |  |  | — |  |  |  | 3,508 |
Other notes payable, 2025 to 2027 |  |  |  |  |  |  | 6 |  |  |  | 12 |  |  | Other notes payable, 2024 to 2027 |  |  |  |  |  |  | 5 |  |  |  | 27 |
|  |  |  |  |  |  | 156 |  |  |  | 3,550 |  |  |  |  |  |  |  |  |  | 5 |  |  |  | 3,535 |
Total bank loans and notes payable |  |  |  |  |  |  | 167 |  |  |  | 5,362 |  |  | Total bank loans and notes payable |  |  |  |  |  |  | 15 |  |  |  | 6,213 |
Current maturities |  |  |  |  |  |  | 22 |  |  |  | (22) |  |  | Current maturities |  |  |  |  |  |  | 10 |  |  |  | (10) |
|  | $ |  |  |  |  | 189 |  |  |  | 5,340 |  |  |  |  | $ |  |  |  |  | 25 |  |  |  | 6,203 |
Summary of Changes in Consolidated Debt | Changes in consolidated debt for the years ended December 31, 2024, 2023 and 2022 were as follows:
|  |  |  |  | 2024 |  |  | 2023 |  |  | 2022 |
Debt at beginning of year |  | $ |  |  |  |  | 6,228 |  |  |  | 6,971 |  |  |  | 7,379 |
Proceeds from new debt instruments |  |  |  |  |  |  | 5,048 |  |  |  | 2,938 |  |  |  | 2,006 |
Debt repayments |  |  |  |  |  |  | (5,497) |  |  |  | (3,840) |  |  |  | (2,420) |
Foreign currency translation and accretion effects |  |  |  |  |  |  | (250) |  |  |  | 159 |  |  |  | 6 |
Debt at end of year |  | $ |  |  |  |  | 5,529 |  |  |  | 6,228 |  |  |  | 6,971 |
Summary of Non-Current Notes Payable | As of December 31, 2024 and 2023, non-current notes payable for $3,550 and $3,535, respectively, were detailed as follows:
Description |  |  | Date of issuance |  |  | Issuer 1 |  |  | Currency |  |  |  | Principal amount |  |  |  | Rate |  |  |  | Maturity |  |  |  | Redeemed amount 2 $ |  |  |  | Outstanding amount 2 $ |  |  |  |  |  |  |  | 2024 |  |  |  | 2023 |
2023 CEBURES variable rate 3 |  |  | 05/Oct/23 |  |  | Cemex, S.A.B. de C.V. |  |  | Peso |  |  |  | 3,000 |  |  |  | TIIE+.45% |  |  |  | 01/Oct/26 |  |  |  | — |  |  |  | 144 |  |  | $ |  |  |  |  | 144 |  |  |  | 59 |
2023 CEBURES fixed rate 3 |  |  | 05/Oct/23 |  |  | Cemex, S.A.B. de C.V. |  |  | Peso |  |  |  | 8,500 |  |  |  | 11.480% |  |  |  | 26/Sep/30 |  |  |  | — |  |  |  | 408 |  |  |  |  |  |  |  | 411 |  |  |  | 292 |
July 2031 Notes 4 |  |  | 12/Jan/21 |  |  | Cemex, S.A.B. de C.V. |  |  | Dollar |  |  |  | 1,750 |  |  |  | 3.875% |  |  |  | 11/Jul/31 |  |  |  | (642) |  |  |  | 1,108 |  |  |  |  |  |  |  | 1,104 |  |  |  | 1,102 |
September 2030 Notes 4 |  |  | 17/Sep/20 |  |  | Cemex, S.A.B. de C.V. |  |  | Dollar |  |  |  | 1,000 |  |  |  | 5.2% |  |  |  | 17/Sep/30 |  |  |  | (283) |  |  |  | 717 |  |  |  |  |  |  |  | 715 |  |  |  | 714 |
November 2029 Notes 4 |  |  | 19/Nov/19 |  |  | Cemex, S.A.B. de C.V. |  |  | Dollar |  |  |  | 1,000 |  |  |  | 5.45% |  |  |  | 19/Nov/29 |  |  |  | (247) |  |  |  | 753 |  |  |  |  |  |  |  | 750 |  |  |  | 749 |
March 2026 Notes 4 |  |  | 19/Mar/19 |  |  | Cemex, S.A.B. de C.V. |  |  | Euro |  |  |  | 400 |  |  |  | 3.125% |  |  |  | 19/Mar/26 |  |  |  | — |  |  |  | 414 |  |  |  |  |  |  |  | 414 |  |  |  | 441 |
July 2025 Notes |  |  | 01/Apr/03 |  |  | Cemex Materials LLC |  |  | Dollar |  |  |  | 150 |  |  |  | 7.70% |  |  |  | 21/Jul/25 |  |  |  | — |  |  |  | 150 |  |  |  |  |  |  |  | — |  |  |  | 151 |
Other notes payable |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 12 |  |  |  | 27 |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | $ |  |  |  |  | 3,550 |  |  |  | 3,535 |
1 | As of December 31, 2024, except for the July 2025 Notes and other notes payable, these issuances are fully and unconditionally guaranteed by Cemex Concretos, S.A. de C.V., Cemex Operaciones México, S.A. de C.V., Cemex Innovation Holding Ltd. and Cemex Corp. The July 2025 Notes are fully and unconditionally guaranteed by Cemex Corp.
2 | Presented net of all notes repurchased by Cemex. As of December 31, 2024, all repurchased notes have been canceled.
3 | On February 16, 2024, Cemex reopened and placed an additional principal amount of Ps5,500 of its sustainability-linked long-term notes ( Certificados Bursátiles de Largo Plazo or the “2023 CEBURES”) issued in 2023 . The reopening closed on February 20, 2024 and consisted of two tranches: the first of Ps2,000 at a floating annual interest rate of TIIE 28 plus 0.45%, and the second of Ps3,500 at a fixed annual interest rate of 11.48%. In connection with these issuances in 2024 and 2023, Cemex negotiated interest rate and currency derivative instruments to synthetically change the financial risks profile of these issuances from the Peso to the Dollar (note 17.4).
4 | During 2022, pursuant to tender offers and other market transactions, Cemex partially repurchased several series of its notes for an aggregate notional amount of $1,172. The difference between the amount paid for such notes and the notional amount redeemed, net of transactional costs, generated a repurchase gain of $104, recognized in the line item “Financial income and other items, net.”
Schedule of Consolidated Long-Term Debt | The maturities of consolidated long-term debt as of December 31, 2024, were as follows:
|  |  |  |  | Bank loans |  |  | Notes payable |  |  | Total |
2026 |  | $ |  |  |  |  | 275 |  |  |  | 565 |  |  |  | 840 |
2027 |  |  |  |  |  |  | 694 |  |  |  | 4 |  |  |  | 698 |
2028 |  |  |  |  |  |  | 694 |  |  |  | 2 |  |  |  | 696 |
2029 |  |  |  |  |  |  | 93 |  |  |  | 750 |  |  |  | 843 |
2030 and thereafter |  |  |  |  |  |  | 34 |  |  |  | 2,229 |  |  |  | 2,263 |
|  | $ |  |  |  |  | 1,790 |  |  |  | 3,550 |  |  |  | 5,340 |
Schedule of Lines of Credit | As of December 31, 2024, Cemex had the following lines of credit, of which, the committed portion refers to the revolving credit facility under the 2023 Credit Agreement, at annual interest rates ranging between 5.25% and 6.35%, depending on the negotiated currency:
|  |  |  |  | Lines of credit |  |  | Available |
Other lines of credit in foreign subsidiaries 1 |  | $ |  |  |  |  | 392 |  |  |  | 250 |
Other lines of credit from banks 1 |  |  |  |  |  |  | 1,009 |  |  |  | 1,009 |
Revolving credit facility 2023 Credit Agreement |  |  |  |  |  |  | 2,311 |  |  |  | 2,311 |
|  | $ |  |  |  |  | 3,712 |  |  |  | 3,570 |
1 | Uncommitted amounts subject to the banks’ availability.
Summary of Consolidated Financial Ratios | As of December 31, 2024, 2023 and 2022, under the 2023 Credit Agreement and the 2021 Credit Agreement, as applicable, the main consolidated financial ratios were as follows:
Consolidated financial ratios |  |  |  |  | Refers to the compliance limits and calculations that were effective on each date |
|  |  |  | 2024 |  |  | 2023 |  |  | 2022 |
Leverage ratio |  | Limit |  |  | <=3.75 |  |  |  | <=3.75 |  |  |  | <=3.75 |
|  | Calculation |  |  | 1.81 |  |  |  | 2.06 |  |  |  | 2.84 |
Coverage ratio |  | Limit |  |  | >=2.75 |  |  |  | >=2.75 |  |  |  | >=2.75 |
|  | Calculation |  |  | 7.26 |  |  |  | 7.91 |  |  |  | 6.27 |
Summary of Other Financial Obligations | As of December 31, 2024 and 2023, other financial obligations in the consolidated statement of financial position were detailed as follows:
|  |  |  |  |  |  |  |  |  |  | 2024 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 2023 |  |  |  |  |
|  |  |  |  | Current |  |  | Non-current |  |  | Total |  |  |  |  |  | Current |  |  | Non-current |  |  | Total |
I. Leases |  | $ |  |  |  |  | 269 |  |  |  | 902 |  |  |  | 1,171 |  |  |  |  |  |  | $ | 272 |  |  |  | 986 |  |  |  | 1,258 |
II. Liabilities secured with accounts receivable |  |  |  |  |  |  | 658 |  |  |  | — |  |  |  | 658 |  |  |  |  |  |  |  | 678 |  |  |  | — |  |  |  | 678 |
|  | $ |  |  |  |  | 927 |  |  |  | 902 |  |  |  | 1,829 |  |  | $ |  |  |  |  | 950 |  |  |  | 986 |  |  |  | 1,936 |
Detailed Information about In Lease Liabilities | Changes in the balance of lease financial liabilities during 2024 , 2023 and 2022 were as follows:
|  |  |  |  | 2024 |  |  | 2023 |  |  | 2022 |
Lease financial liability at beginning of year |  | $ |  |  |  |  | 1,258 |  |  |  | 1,176 |  |  |  | 1,176 |
Additions from new leases |  |  |  |  |  |  | 290 |  |  |  | 341 |  |  |  | 296 |
Reductions from payments |  |  |  |  |  |  | (296 | ) |  |  | (256 | ) |  |  | (276) |
Cancellations and liability remeasurements |  |  |  |  |  |  | (47 | ) |  |  | (24 | ) |  |  | 7 |
Foreign currency translation and accretion effects |  |  |  |  |  |  | (34 | ) |  |  | 21 |  |  |  | (27) |
Lease financial liability at end of year |  | $ |  |  |  |  | 1,171 |  |  |  | 1,258 |  |  |  | 1,176 |
Summary of Disclosure Detail Of Financial Lease Liabilities | As of December 31, 2024, the maturities of non-current lease financial liabilities are as follows:
|  |  |  |  | Total |
2026 |  | $ |  |  |  |  | 203 |
2027 |  |  |  |  |  |  | 149 |
2028 |  |  |  |  |  |  | 124 |
2029 |  |  |  |  |  |  | 85 |
2030 and thereafter |  |  |  |  |  |  | 341 |
|  | $ |  |  |  |  | 902 |
Summary of Carrying Amounts and Fair Value of Financial Instruments | As of December 31, 2024 and 2023, the carrying amounts of financial assets and liabilities and their respective fair values were as follows:
|  |  |  |  | 2024 |  |  |  |  |  | 2023 |
|  |  |  |  | Carrying amount |  |  | Fair value |  |  |  |  |  | Carrying amount |  |  | Fair value |
Financial assets |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Derivative financial instruments (notes 14.2 and 17.4) |  | $ |  |  |  |  | 60 |  |  |  | 60 |  |  | $ |  |  |  |  | 64 |  |  |  | 64 |
Other investments and non-current accounts receivable (note 14.2) |  |  |  |  |  |  | 196 |  |  |  | 179 |  |  |  |  |  |  |  | 276 |  |  |  | 266 |
|  | $ |  |  |  |  | 256 |  |  |  | 239 |  |  | $ |  |  |  |  | 340 |  |  |  | 330 |
Financial liabilities |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Long-term debt (note 17.1) |  | $ |  |  |  |  | 5,340 |  |  |  | 5,145 |  |  | $ |  |  |  |  | 6,203 |  |  |  | 6,030 |
Other financial obligations (note 17.2) |  |  |  |  |  |  | 902 |  |  |  | 898 |  |  |  |  |  |  |  | 986 |  |  |  | 919 |
Derivative financial instruments (notes 17.4 and 18.3) |  |  |  |  |  |  | 100 |  |  |  | 100 |  |  |  |  |  |  |  | 15 |  |  |  | 15 |
|  | $ |  |  |  |  | 6,342 |  |  |  | 6,143 |  |  | $ |  |  |  |  | 7,204 |  |  |  | 6,964 |
Summary of Fair Value of Derivative Financial Instruments at Fair Value Hierarchy | As of December 31, 2024 and 2023, assets and liabilities carried at fair value in the consolidated statements of financial position are included in the following fair value hierarchy categories (note 29.4):
2024 |  |  |  |  | Level 1 |  |  | Level 2 |  |  | Level 3 |  |  | Total |
Assets measured at fair value |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Derivative financial instruments (notes 14.2 and 17.4) |  | $ |  |  |  |  | — |  |  |  | 60 |  |  |  | — |  |  |  | 60 |
Investments in strategic equity securities (note 14.2) |  |  |  |  |  |  | 4 |  |  |  | — |  |  |  | — |  |  |  | 4 |
Other investments at fair value through earnings (note 14.2) |  |  |  |  |  |  | — |  |  |  | 1 |  |  |  | — |  |  |  | 1 |
|  | $ |  |  |  |  | 4 |  |  |  | 61 |  |  |  | — |  |  |  | 65 |
Liabilities measured at fair value |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Derivative financial instruments (notes 17.4 and 18.3) |  | $ |  |  |  |  | — |  |  |  | 100 |  |  |  | — |  |  |  | 100 |
2023 |  |  |  |  | Level 1 |  |  | Level 2 |  |  | Level 3 |  |  | Total |
Assets measured at fair value |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Derivative financial instruments (notes 14.2 and 17.4) |  | $ |  |  |  |  | — |  |  |  | 64 |  |  |  | — |  |  |  | 64 |
Investments in strategic equity securities (note 14.2) |  |  |  |  |  |  | 3 |  |  |  | — |  |  |  | — |  |  |  | 3 |
Other investments at fair value through earnings (note 14.2) |  |  |  |  |  |  | — |  |  |  | 1 |  |  |  | — |  |  |  | 1 |
|  |  |  |  |  | $ | 3 |  |  |  | 65 |  |  |  | — |  |  |  | 68 |
Liabilities measured at fair value |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Derivative financial instruments (notes 17.4 and 18.3) |  | $ |  |  |  |  | — |  |  |  | 15 |  |  |  | — |  |  |  | 15 |
Summary of Derivative Financial Instruments | As of December 31, 2024 and 2023, the notional amounts and fair values of Cemex’s derivative instruments were as follows:
|  |  |  |  | 2024 |  |  | 2023 |
|  |  |  |  | Notional amount |  |  | Fair value |  |  | Notional amount |  |  | Fair value |
I. Foreign exchange forwards hedging the net investment |  | $ |  |  |  |  | 713 |  |  |  | 63 |  |  |  | 976 |  |  |  | (94 | )
II. Cross currency swaps |  |  |  |  |  |  | 658 |  |  |  | (100 | ) |  |  | 335 |  |  |  | 23 |
III. Interest rate swaps |  |  |  |  |  |  | 600 |  |  |  | 14 |  |  |  | 750 |  |  |  | 30 |
IV. Fuel price hedging |  |  |  |  |  |  | 356 |  |  |  | 6 |  |  |  | 232 |  |  |  | 5 |
V. Foreign exchange options |  |  |  |  |  |  | 650 |  |  |  | 41 |  |  |  | 300 |  |  |  | 10 |
|  | $ |  |  |  |  | 2,977 |  |  |  | 24 |  |  |  | 2,593 |  |  |  | (26 | )
Summary of Consolidated Net Monetary Assets (Liabilities) by Currency | As of December 31, 2024 and 2023, Cemex’s consolidated net monetary assets (liabilities) by currency are as follows:
|  |  |  |  | 2024 |
|  |  |  |  | Mexico |  |  | United States |  |  | EMEA |  |  | SCA&C |  |  | Others 1 |  |  | Total |
Monetary assets |  | $ |  |  |  |  | 1,683 |  |  |  | 648 |  |  |  | 1,216 |  |  |  | 241 |  |  |  | 338 |  |  |  | 4,126 |
Monetary liabilities |  |  |  |  |  |  | 1,859 |  |  |  | 2,893 |  |  |  | 2,699 |  |  |  | 701 |  |  |  | 6,352 |  |  |  | 14,504 |
Net monetary assets (liabilities) |  | $ |  |  |  |  | (176 | ) |  |  | (2,245 | ) |  |  | (1,483 | ) |  |  | (460 | ) |  |  | (6,014 | ) |  |  | (10,378) |
Out of which: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Dollars |  | $ |  |  |  |  | (149 | ) |  |  | (2,248 | ) |  |  | (16 | ) |  |  | (24 | ) |  |  | (4,087 | ) |  |  | (6,524) |
Pesos |  |  |  |  |  |  | (27 | ) |  |  | — |  |  |  | — |  |  |  | — |  |  |  | (797 | ) |  |  | (824) |
Euros |  |  |  |  |  |  | — |  |  |  | — |  |  |  | (606 | ) |  |  | — |  |  |  | (1,278 | ) |  |  | (1,884) |
Pounds |  |  |  |  |  |  | — |  |  |  | — |  |  |  | (601 | ) |  |  | — |  |  |  | 85 |  |  |  | (516) |
Other currencies |  |  |  |  |  |  | — |  |  |  | 3 |  |  |  | (260 | ) |  |  | (436 | ) |  |  | 63 |  |  |  | (630) |
|  | $ |  |  |  |  | (176 | ) |  |  | (2,245 | ) |  |  | (1,483 | ) |  |  | (460 | ) |  |  | (6,014 | ) |  |  | (10,378) |
|  |  |  |  | 2023 |
|  |  |  |  | Mexico |  |  | United States |  |  | EMEA |  |  | SCA&C |  |  | Others 1 |  |  | Total |
Monetary assets |  | $ |  |  |  |  | 1,627 |  |  |  | 651 |  |  |  | 1,491 |  |  |  | 274 |  |  |  | (241 | ) |  |  | 3,802 |
Monetary liabilities |  |  |  |  |  |  | 2,184 |  |  |  | 2,679 |  |  |  | 3,087 |  |  |  | 730 |  |  |  | 7,179 |  |  |  | 15,859 |
Net monetary assets (liabilities) |  | $ |  |  |  |  | (557 | ) |  |  | (2,028 | ) |  |  | (1,596 | ) |  |  | (456 | ) |  |  | (7,420 | ) |  |  | (12,057) |
Out of which: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Dollars |  | $ |  |  |  |  | (157 | ) |  |  | (2,030 | ) |  |  | (5 | ) |  |  | (61 | ) |  |  | (4,780 | ) |  |  | (7,033) |
Pesos |  |  |  |  |  |  | (400 | ) |  |  | — |  |  |  | — |  |  |  | — |  |  |  | (524 | ) |  |  | (924) |
Euros |  |  |  |  |  |  | — |  |  |  | — |  |  |  | (660 | ) |  |  | — |  |  |  | (1,563 | ) |  |  | (2,223) |
Pounds |  |  |  |  |  |  | — |  |  |  | — |  |  |  | (710 | ) |  |  | — |  |  |  | 97 |  |  |  | (613) |
Other currencies |  |  |  |  |  |  | — |  |  |  | 2 |  |  |  | (221 | ) |  |  | (395 | ) |  |  | (650 | ) |  |  | (1,264) |
|  | $ |  |  |  |  | (557 | ) |  |  | (2,028 | ) |  |  | (1,596 | ) |  |  | (456 | ) |  |  | (7,420 | ) |  |  | (12,057) |
1 | Includes the Parent Company, Cemex’s financing subsidiaries, among other entities.

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