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Property, Machinery and Equipment, Net and Assets For The Right-Of-Use, Net (Tables) | 12 Months Ended
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Dec. 31, 2024
Disclosure [Abstract] |
Detailed Information About In Property Plant Equipment Right Of Use Assets | As of December 31, 2024 and 2023, property, machinery and equipment, net and assets for the right-of-use, net were summarized as follows:
|  |  |  |  | 2024 |  |  | 2023 |
Property, machinery and equipment, net |  | $ |  |  |  |  | 10,152 |  |  |  | 11,272 |
Assets for the right-of-use, net |  |  |  |  |  |  | 1,088 |  |  |  | 1,194 |
|  | $ |  |  |  |  | 11,240 |  |  |  | 12,466 |
Summary of Average Useful Lives by Category of Fixed Assets | As of December 31, 2024, the average useful lives by category of fixed assets, which are reviewed at each reporting date, were as follows:
|  | Years
Administrative buildings |  | 31
Industrial buildings |  | 25
Machinery and equipment in plant |  | 17
Ready-mix trucks and motor vehicles |  | 11
Office equipment and other assets |  | 7
Disclosure of Net Change in Property, Machinery and Equipment | As of December 31, 2024 and 2023, consolidated property, machinery and equipment, net and the changes in this line item during 2024 and 2023, were as follows:
|  |  |  |  | 2024 |
|  |  |  |  | Land and mineral reserves |  |  | Building |  |  | Machinery and equipment |  |  | Construction in progress 2 |  |  | Total |
Cost at beginning of period |  | $ |  |  |  |  | 5,295 |  |  |  | 2,636 |  |  |  | 12,702 |  |  |  | 1,931 |  |  |  | 22,564 |
Accumulated depreciation and depletion |  |  |  |  |  |  | (1,495) |  |  |  | (1,657) |  |  |  | (8,140) |  |  |  | — |  |  |  | (11,292) |
Net book value at beginning of period |  |  |  |  |  |  | 3,800 |  |  |  | 979 |  |  |  | 4,562 |  |  |  | 1,931 |  |  |  | 11,272 |
Capital expenditures |  |  |  |  |  |  | 65 |  |  |  | 99 |  |  |  | 695 |  |  |  | 182 |  |  |  | 1,041 |
Stripping costs 1 |  |  |  |  |  |  | 49 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 49 |
Total capital expenditures |  |  |  |  |  |  | 114 |  |  |  | 99 |  |  |  | 695 |  |  |  | 182 |  |  |  | 1,090 |
Ordinary sales 3 |  |  |  |  |  |  | (42) |  |  |  | (4) |  |  |  | (44) |  |  |  | — |  |  |  | (90) |
Divestitures and reclassifications 4 |  |  |  |  |  |  | (67) |  |  |  | (62) |  |  |  | (205) |  |  |  | (359) |  |  |  | (693) |
Business combinations (note 4.1) |  |  |  |  |  |  | — |  |  |  | — |  |  |  | 2 |  |  |  | — |  |  |  | 2 |
Depreciation and depletion for the period |  |  |  |  |  |  | (34) |  |  |  | (33) |  |  |  | (738) |  |  |  | — |  |  |  | (805) |
Impairment losses (note 7) |  |  |  |  |  |  | (36) |  |  |  | (26) |  |  |  | (60) |  |  |  | — |  |  |  | (122) |
Asset retirement obligations (note 18.3) |  |  |  |  |  |  | — |  |  |  | 15 |  |  |  | 48 |  |  |  | — |  |  |  | 63 |
Foreign currency translation effects |  |  |  |  |  |  | (244) |  |  |  | (77) |  |  |  | 112 |  |  |  | (356) |  |  |  | (565) |
Cost at end of period |  |  |  |  |  |  | 5,120 |  |  |  | 2,426 |  |  |  | 11,962 |  |  |  | 1,398 |  |  |  | 20,906 |
Accumulated depreciation and depletion |  |  |  |  |  |  | (1,629) |  |  |  | (1,535) |  |  |  | (7,590) |  |  |  | — |  |  |  | (10,754) |
Net book value at end of period |  | $ |  |  |  |  | 3,491 |  |  |  | 891 |  |  |  | 4,372 |  |  |  | 1,398 |  |  |  | 10,152 |
|  |  |  |  | 2023 |
|  |  |  |  | Land and mineral reserves |  |  | Building |  |  | Machinery and equipment |  |  | Construction in progress 2 |  |  | Total |
Cost at beginning of period |  | $ |  |  |  |  | 4,843 |  |  |  | 2,342 |  |  |  | 11,663 |  |  |  | 1,668 |  |  |  | 20,516 |
Accumulated depreciation and depletion |  |  |  |  |  |  | (1,337) |  |  |  | (1,513) |  |  |  | (7,510) |  |  |  | — |  |  |  | (10,360) |
Net book value at beginning of period |  |  |  |  |  |  | 3,506 |  |  |  | 829 |  |  |  | 4,153 |  |  |  | 1,668 |  |  |  | 10,156 |
Capital expenditures |  |  |  |  |  |  | 33 |  |  |  | 86 |  |  |  | 720 |  |  |  | 200 |  |  |  | 1,039 |
Stripping costs 1 |  |  |  |  |  |  | 37 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 37 |
Total capital expenditures |  |  |  |  |  |  | 70 |  |  |  | 86 |  |  |  | 720 |  |  |  | 200 |  |  |  | 1,076 |
Ordinary sales 3 |  |  |  |  |  |  | (31) |  |  |  | (2) |  |  |  | (75) |  |  |  | — |  |  |  | (108) |
Business combinations (note 4.1) |  |  |  |  |  |  | 13 |  |  |  | 4 |  |  |  | 22 |  |  |  | — |  |  |  | 39 |
Depreciation and depletion for the period |  |  |  |  |  |  | (140) |  |  |  | (74) |  |  |  | (628) |  |  |  | — |  |  |  | (842) |
Impairment losses (note 7) |  |  |  |  |  |  | (16) |  |  |  | (2) |  |  |  | (18) |  |  |  | — |  |  |  | (36) |
Asset retirement obligations (note 18.3) |  |  |  |  |  |  | — |  |  |  | 20 |  |  |  | 44 |  |  |  | — |  |  |  | 64 |
Foreign currency translation effects |  |  |  |  |  |  | 398 |  |  |  | 118 |  |  |  | 344 |  |  |  | 63 |  |  |  | 923 |
Cost at end of period |  |  |  |  |  |  | 5,295 |  |  |  | 2,636 |  |  |  | 12,702 |  |  |  | 1,931 |  |  |  | 22,564 |
Accumulated depreciation and depletion |  |  |  |  |  |  | (1,495) |  |  |  | (1,657) |  |  |  | (8,140) |  |  |  | — |  |  |  | (11,292) |
Net book value at end of period |  | $ |  |  |  |  | 3,800 |  |  |  | 979 |  |  |  | 4,562 |  |  |  | 1,931 |  |  |  | 11,272 |
1 | All waste removal costs or stripping costs incurred in the operative phase of surface mines to access the mineral reserves are recognized as part of their carrying amount. The capitalized amounts are subsequently amortized over the expected useful life of exposed ore body based on the units-of-production method.
2 | As of December 31, 2024, in connection with the cement plant located in the municipality of Maceo in Colombia (the “Maceo Plant”) with an annual capacity of 1.3 million tons of cement, Cemex is performing the last infrastructure works required at the Maceo Plant to initiate commercial operations during 2025, including the access road to the plant, among others. There are also several ongoing processes for the proper operation of the assets and other legal proceedings (note 25.3). As of December 31, 2024, the carrying amount of the Maceo Plant is for an amount in Colombian Pesos equivalent to $335.
3 | In 2024 includes sales of non-strategic fixed assets in the United States and the United Kingdom for $69 and $7, respectively, among others. In 2023 includes sales of non-strategic fixed assets in the United States and France for $23 and $16, respectively, among others.
4 | In 2024 includes the reclassification to assets held for sale of the Dominican Republic operations for $115, as well as the divestiture of the operations in the Philippines and Guatemala for $542 and $36, respectively (note 4.2).
Summary of Recognized Impairment Losses | During the years ended December 31, 2024, 2023 and 2022 impairment losses of fixed assets by operating segment are as follows:
|  |  |  |  | 2024 |  |  | 2023 |  |  | 2022 |
France |  | $ |  |  |  |  | 45 |  |  |  | 6 |  |  |  | — |
United States |  |  |  |  |  |  | 24 |  |  |  | 3 |  |  |  | 26 |
Caribbean TCL |  |  |  |  |  |  | 16 |  |  |  | 7 |  |  |  | 14 |
Spain |  |  |  |  |  |  | 15 |  |  |  | 2 |  |  |  | 23 |
United Kingdom |  |  |  |  |  |  | 9 |  |  |  | 5 |  |  |  | 10 |
Others |  |  |  |  |  |  | 13 |  |  |  | 13 |  |  |  | 4 |
|  | $ |  |  |  |  | 122 |  |  |  | 36 |  |  |  | 77 |
Asset for the Right of Use,Net | As of December 31, 2024 and 2023, consolidated assets for the right-of-use, net and the changes in this caption during 2024 and 2023, were as follows:
|  |  |  |  |  |  |  | 2024 |  |  |  |  |  |  |
|  |  |  |  | Land |  |  | Buildings |  |  | Machinery and equipment |  |  | Others |  |  | Total |
Assets for the right-of-use at beginning of period |  | $ |  |  |  |  | 476 |  |  |  | 356 |  |  |  | 1,722 |  |  |  | 58 |  |  |  | 2,612 |
Accumulated depreciation |  |  |  |  |  |  | (155 | ) |  |  | (234 | ) |  |  | (985 | ) |  |  | (44 | ) |  |  | (1,418 | )
Net book value at beginning of period |  |  |  |  |  |  | 321 |  |  |  | 122 |  |  |  | 737 |  |  |  | 14 |  |  |  | 1,194 |
Additions of new leases |  |  |  |  |  |  | 24 |  |  |  | 76 |  |  |  | 171 |  |  |  | 19 |  |  |  | 290 |
Cancellations and remeasurements, net |  |  |  |  |  |  | (22 | ) |  |  | (2 | ) |  |  | (16 | ) |  |  | (2 | ) |  |  | (42 | )
Divestitures and reclassifications (note 4.2) |  |  |  |  |  |  | (34 | ) |  |  | (3 | ) |  |  | (4 | ) |  |  | — |  |  |  | (41 | )
Business combinations (note 4.1) |  |  |  |  |  |  | 6 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 6 |
Depreciation |  |  |  |  |  |  | (34 | ) |  |  | (36 | ) |  |  | (177 | ) |  |  | (13 | ) |  |  | (260 | )
Foreign currency translation effects |  |  |  |  |  |  | (16 | ) |  |  | 18 |  |  |  | (67 | ) |  |  | 6 |  |  |  | (59 | )
Assets for the right-of-use at end of period |  |  |  |  |  |  | 456 |  |  |  | 365 |  |  |  | 1,571 |  |  |  | 69 |  |  |  | 2,461 |
Accumulated depreciation |  |  |  |  |  |  | (211 | ) |  |  | (190 | ) |  |  | (927 | ) |  |  | (45 | ) |  |  | (1,373 | )
Net book value at end of period |  | $ |  |  |  |  | 245 |  |  |  | 175 |  |  |  | 644 |  |  |  | 24 |  |  |  | 1,088 |
|  |  |  |  | 2023 |
|  |  |  |  | Land |  |  | Buildings |  |  | Machinery and equipment |  |  | Others |  |  | Total |
Assets for the right-of-use at beginning of period |  | $ |  |  |  |  | 439 |  |  |  | 335 |  |  |  | 1,570 |  |  |  | 55 |  |  |  | 2,399 |
Accumulated depreciation |  |  |  |  |  |  | (142 | ) |  |  | (203 | ) |  |  | (894 | ) |  |  | (32 | ) |  |  | (1,271 | )
Net book value at beginning of period |  |  |  |  |  |  | 297 |  |  |  | 132 |  |  |  | 676 |  |  |  | 23 |  |  |  | 1,128 |
Additions of new leases |  |  |  |  |  |  | 36 |  |  |  | 9 |  |  |  | 284 |  |  |  | 12 |  |  |  | 341 |
Cancellations and remeasurements, net |  |  |  |  |  |  | (10 | ) |  |  | (4 | ) |  |  | (14 | ) |  |  | (1 | ) |  |  | (29 | )
Depreciation |  |  |  |  |  |  | (14 | ) |  |  | (32 | ) |  |  | (135 | ) |  |  | (12 | ) |  |  | (193 | )
Foreign currency translation effects |  |  |  |  |  |  | 12 |  |  |  | 17 |  |  |  | (74 | ) |  |  | (8 | ) |  |  | (53 | )
Assets for the right-of-use at end of period |  |  |  |  |  |  | 476 |  |  |  | 356 |  |  |  | 1,722 |  |  |  | 58 |  |  |  | 2,612 |
Accumulated depreciation |  |  |  |  |  |  | (155 | ) |  |  | (234 | ) |  |  | (985 | ) |  |  | (44 | ) |  |  | (1,418 | )
Net book value at end of period |  | $ |  |  |  |  | 321 |  |  |  | 122 |  |  |  | 737 |  |  |  | 14 |  |  |  | 1,194 |

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