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Investments In Associates And Joint Ventures, Other Investments And Non-Current Accounts Receivable (Tables) | 12 Months Ended
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Dec. 31, 2024
Disclosure [Abstract] |
Summary of Main Investments in Common Shares of Associates | As of December 31, 2024 and 2023, the investments in common shares of associates and joint ventures, which are accounted under the equity method, were as follows:
Associates |  | Activity |  |  | Country |  |  | % |  |  |  |  |  | 2024 |  |  | 2023 |
Camcem, S.A. de C.V. |  |  | Cement |  |  |  | Mexico |  |  |  | 40.1 |  |  | $ |  |  |  |  | 393 |  |  |  | 364 |
Concrete Supply Co. LLC |  |  | Concrete |  |  |  | United States |  |  |  | 40.0 |  |  |  |  |  |  |  | 111 |  |  |  | 103 |
Lehigh White Cement Company |  |  | Cement |  |  |  | United States |  |  |  | 36.8 |  |  |  |  |  |  |  | 85 |  |  |  | 83 |
Couch Aggregates, LLC 1 |  |  | Aggregates |  |  |  | United States |  |  |  | 49.0 |  |  |  |  |  |  |  | 55 |  |  |  | — |
Neoris N.V. 2 |  |  | Technology |  |  |  | The Netherlands |  |  |  | 34.8 |  |  |  |  |  |  |  | — |  |  |  | 69 |
Joint ventures |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Société d’Exploitation de Carrières |  |  | Aggregates |  |  |  | France |  |  |  | 50.0 |  |  |  |  |  |  |  | 23 |  |  |  | 24 |
Société Méridionale de Carrières |  |  | Aggregates |  |  |  | France |  |  |  | 33.3 |  |  |  |  |  |  |  | 12 |  |  |  | 13 |
Other companies |  |  | — |  |  |  | — |  |  |  | — |  |  |  |  |  |  |  | 74 |  |  |  | 73 |
|  |  |  |  |  |  |  |  |  |  |  |  |  | $ |  |  |  |  | 753 |  |  |  | 729 |
Out of which: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Acquisition cost |  |  | $ |  |  |  |  | 388 |  |  |  | 330 |
Equity method recognition |  |  |  |  |  |  |  | 365 |  |  |  | 399 |
1 | On July 12, 2024, Cemex acquired a non-controlling interest in a newly formed entity which specializes in aggregates production and marine distribution in the Mid-South region of the United States and operates seven aggregate pits and four marine terminals. This transaction is part of Cemex’s ongoing strategy to accelerate growth and expand its aggregates business in the country, increasing Cemex’s presence in this growing market.
2 | On November 1, 2024, Cemex sold its 34.8% equity interest in Neoris (note 4.2)
Summary of Combined Condensed Statements of Financial Position | The combined condensed statements of financial position of associates and joint ventures as of December 31, 2024 and 2023 are set forth below:
|  |  |  |  | 2024 |  |  | 2023 |
Current assets |  | $ |  |  |  |  | 1,755 |  |  |  | 1,761 |
Non-current assets |  |  |  |  |  |  | 2,108 |  |  |  | 1,877 |
Total assets 1 |  |  |  |  |  |  | 3,863 |  |  |  | 3,638 |
Current liabilities |  |  |  |  |  |  | 492 |  |  |  | 468 |
Non-current liabilities |  |  |  |  |  |  | 859 |  |  |  | 850 |
Total liabilities 1 |  |  |  |  |  |  | 1,351 |  |  |  | 1,318 |
Total net assets |  | $ |  |  |  |  | 2,512 |  |  |  | 2,320 |
1 | Out of total assets in 2024 and 2023 of the table above, Camcem, S.A. de C.V. (“Camcem”), holding company of GCC, S.A.B. de C.V., represented 78% and 76%, respectively. In addition, out of total liabilities, Camcem represented 79% in 2024 and 77% in 2023.
Summary of Combined Selected Information of the Statements of Income | Combined selected information of the statements of income of associates and joint ventures in 2024, 2023 and 2022 is set forth below:
|  |  |  |  | 2024 |  |  | 2023 |  |  | 2022 |
Revenues |  | $ |  |  |  |  | 2,098 |  |  |  | 2,410 |  |  |  | 2,319 |
Operating earnings |  |  |  |  |  |  | 440 |  |  |  | 535 |  |  |  | 398 |
Income before income tax |  |  |  |  |  |  | 320 |  |  |  | 394 |  |  |  | 268 |
Net income 1 |  |  |  |  |  |  | 211 |  |  |  | 268 |  |  |  | 186 |
1 | Out of net income in the table above, caption that Cemex accounts under the equity method, Camcem represented 68% in 2024, 59% in 2023 and 53% in 2022.
Summary of Share of Profit of Associates and Joint Ventures by Reportable Segment | The share of associates and joint ventures by reportable segment in the statements of income for 2024, 2023 and 2022 are detailed as follows:
|  |  |  |  | 2024 |  |  | 2023 |  |  | 2022 |
Mexico |  | $ |  |  |  |  | 68 |  |  |  | 65 |  |  |  | 39 |
United States |  |  |  |  |  |  | 17 |  |  |  | 21 |  |  |  | 17 |
EMEA |  |  |  |  |  |  | 8 |  |  |  | 10 |  |  |  | 8 |
Corporate and others |  |  |  |  |  |  | — |  |  |  | 2 |  |  |  | (34 | )
|  | $ |  |  |  |  | 93 |  |  |  | 98 |  |  |  | 30 |
Summary of Other Investments and Non-current Accounts Receivable | As of December 31, 2024 and 2023, consolidated other investments and non-current accounts receivable were summarized as follows:
|  |  |  |  | 2024 |  |  | 2023 |
Non-current accounts receivable 1 |  | $ |  |  |  |  | 191 |  |  |  | 272 |
Non-current portion of assets from valuation of derivative financial instruments (note 17.4) |  |  |  |  |  |  | 60 |  |  |  | 64 |
Investments in strategic equity securities |  |  |  |  |  |  | 4 |  |  |  | 3 |
Investments at fair value through the statements of income |  |  |  |  |  |  | 1 |  |  |  | 1 |
|  | $ |  |  |  |  | 256 |  |  |  | 340 |
1 | Includes, among other items: a) accounts receivable from equity investments and joint ventures of $44 in 2024 and $78 in 2023, b) advances to suppliers of fixed assets of $28 in 2024 and $41 in 2023, c) employee prepaid compensation of $11 in 2024 and $8 in 2023 and, d) warranty deposits of $11 in 2024 and $24 in 2023.

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