Trade Accounts Receivable

12 Months Ended

Dec. 31, 2024

10)	TRADE ACCOUNTS RECEIVABLE

As of December 31, 2024 and 2023, consolidated trade accounts receivable consisted of:


		2024			2023
Trade accounts receivable	$		1,659			1,841
Allowances for expected credit losses			(77	)		(90	)

	$		1,582			1,751

As of December 31, 2024 and 2023, trade accounts receivable include receivables of $755 and $848, respectively, sold in several countries under outstanding trade accounts receivable securitization programs and/or factoring programs with recourse, in which generally, Cemex effectively does not surrender full control or the majority of risks and rewards associated with the trade accounts receivable sold. Therefore, the trade accounts receivable sold were not derecognized from the statement of financial position and the funded amounts to Cemex as of December 31, 2024 and 2023 of $658 and $678, respectively, were recognized within the line item of “Other financial obligations” (note 17.2).

The discount granted to the acquirers of the trade accounts receivable is recorded as financial expense and amounted to $52 in 2024, $52 in 2023 and $24 in 2022. Cemex’s securitization programs are usually negotiated for periods of one to two years and are usually renewed at their maturity.

Additionally, as of December 31, 2024, there are trade accounts receivable sold under factoring programs that qualify for derecognition for $54 which, considering that Cemex surrendered control and the majority of risks and rewards associated with the amount sold, the balance was derecognized from the statement of financial position

As of December 31, 2024, 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	$		332		29		8.7	%
United States			542		8		1.5	%
EMEA			701		34		4.9	%
SCA&C			72		6		8.3	%
Others			12		—		—

	$		1,659		77

Changes in the allowance for ECL in 2024, 2023 and 2022, were as follows:


		2024			2023			2022
Allowances for expected credit losses at beginning of period	$		90			91			101
Charged to selling expenses			15			11			9
Deductions			(17	)		(15	)		(21	)
Reclassification to assets held for sale			(6	)		—			—
Foreign currency translation effects			(5	)		3			2

Allowances for expected credit losses at end of period	$		77			90			91