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Trade Accounts Payable, Other Current Liabilities and Non-Current Liabilities (Tables)

12 Months Ended

Dec. 31, 2024

As of December 31, 2024 and 2023, consolidated other current liabilities were as follows:


		2024		2023

Other accounts payable and accrued expenses 1	$		569		656
Provisions 2			399		492
Contract liabilities with customers (note 3) 3			269		384
Interest payable			89		88

	$		1,326		1,620

1	Other accounts payable and accrued expenses mainly refer to accrued fixed and variable employee benefits, insurance payments and accruals for public services. These amounts are revolving in nature and are expected to be settled and replaced by similar amounts within the next 12 months.

2	Current provisions are detailed by concept in note 18.3 below.

As of December 31, 2024 and 2023, contract liabilities with customers included $225 and $339, respectively, of advances received from customers, as well as in 2024 and 2023 the current portion of deferred revenues in connection with advances under long-term clinker supply agreements of $5 in both years. Note 3 includes the changes during the period of this caption.

Summary of Other Non-current Liabilities

As of December 31, 2024 and 2023, consolidated other

non-current

liabilities were as follows:


		2024		2023

Asset retirement obligations 1	$		563		470
Environmental liabilities 2			203		250
Accruals for legal assessments and other responsibilities 3			95		100
Non-current liabilities for valuation of derivative instruments			100		15
Other non-current liabilities and provisions 4			420		329

	$		1,381		1,164

1	Provisions for asset retirement obligations include future estimated costs for demolition, cleaning and reforestation of production sites at the end of their operation, which are initially recognized against the related assets and are depreciated over their estimated useful life.

2	Environmental liabilities include future estimated costs arising from legal or constructive obligations, related to cleaning, reforestation and other remedial actions to remediate damage caused to the environment. The expected average period to settle these obligations is greater than 15 years.

3	Provisions for legal claims and other responsibilities include items related to tax contingencies.

4	As of December 31, 2024 and 2023, the balance includes deferred revenues of $17 and $22, respectively, that are amortized to the statement of income as deliverables are fulfilled over the maturity of long-term clinker supply agreements.

Summary of Changes in Consolidated Other Current and Non-Current Liabilities

Changes in consolidated

non-current

other liabilities plus current provisions for the years 2024 and 2023, were as follows:


		2024
		Asset retirement obligations			Environmental liabilities			Accruals for legal proceedings			Valuation of derivative instruments			Other liabilities and provisions			Total			2023
Balance at beginning of period	$		573			279			105			95			604			1,656			1,341
Additions or increase in estimates			63			6			45			123			158			395			532
Releases or decrease in estimates			(12	)		(52	)		(41	)		(118	)		(95	)		(318	)		(314	)
Accretion expense			38			—			—			—			15			53			42
Foreign currency translation			26			(5	)		(8	)		—			(19	)		(6	)		55

Balance at end of period	$		688			228			101			100			663			1,780			1,656

Out of which:
Current provisions	$		125			25			6			—			243			399			492
Other non-current liabilities			563			203			95			100			420			1,381			1,164