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FINANCIAL RISK MANAGEMENT (Tables)
 12 Months Ended
Dec. 31, 2021
Disclosure of notes and other explanatory information [Abstract]  
Sensitivity analysis for types of market risk The following table shows a breakdown of Ternium’s assessed financial position exposure to currency risk as of December 31, 2021.
Exposure to
functional currency		$ million
EU euro (EUR)(78)
Argentine peso (ARS)297 
Mexican peso (MXN)(1,255)
Brazilian real (BRL)66 
Colombian peso (COP)(52)
Other currencies(1)
Disclosure of credit risk exposure The investments in financial assets are as follows:
At December 31, 2021At December 31, 2020
Cash and cash equivalents1,276,605537,882
Other Investments - Current and Non-Current1,357,485816,157
Fixed Income (time-deposit, zero-coupon bonds, commercial papers)863,416579,917
Deposit certificates710,996451,857
Commercial papers92,729128,060
Other59,691—
Bonds and other fixed income490,806233,611
Non - U.S. government securities367,333135,671
Corporate securities123,47397,940
Other notes3,2632,629
    
The carrying amounts of the Company’s trade and other receivables as of December 31, 2021, are denominated in the following currencies:
Currency$ million
US dollar ($)1,674 
EU euro (EUR)3 
Argentine peso (ARS)43 
Mexican peso (MXN)214 
Brazilian real (BRL)300 
Colombian peso (COP)68 
Other currencies1 
2,303 
Disclosure of how the entity manages liquidity risk
The table below analyses financial liabilities into relevant maturity groups based on the remaining period at the date of the statement of financial position to the contractual maturity date. The amounts disclosed in the table are the contractual undiscounted cash flows.
$ million2022202320242025Thereafter
Borrowings823 125 522 9 — 
Interests to be accrued (1)22 10 4 — — 
Trade payables and other liabilities1,093 5 5 5 27 
Lease liabilities44 44 30 25 117 
Total1,982 184 561 39 144 
(1) These amounts do not include the effect of derivative financial instruments.
Disclosure of financial assets
As of December 31, 2021 (in $ thousands)Amortized
cost		Assets at fair value through profit or lossAssets at fair value through OCITotal
(i) Assets as per statement of financial position
Receivables202,123 — — 202,123 
Derivative financial instruments— 4,353 — 4,353 
Trade receivables1,767,425 — — 1,767,425 
Other investments621,831 244,848 490,806 1,357,485 
Cash and cash equivalents584,076 692,529 — 1,276,605 
Total3,175,455 941,730 490,806 4,607,991 
As of December 31, 2020 (in $ thousands)Amortized
cost		Assets at fair value through profit or lossAssets at fair value through OCITotal
(i) Assets as per statement of financial position
Receivables153,527 — — 153,527 
Derivative financial instruments— 1,572 — 1,572 
Trade receivables918,438 — — 918,438 
Other investments579,917 2,629 233,611 816,157 
Cash and cash equivalents278,862 259,020 — 537,882 
Total1,930,744 263,221 233,611 2,427,576 
Disclosure of financial liabilities
As of December 31, 2021 (in $ thousands)Liabilities at fair value through profit or lossAmortized
cost		Total
(ii) Liabilities as per statement of financial position
Other liabilities— 56,595 56,595 
Trade payables— 1,078,448 1,078,448 
Derivative financial instruments1,889 — 1,889 
Finance lease liabilities— 259,621 259,621 
Borrowings— 1,479,038 1,479,038 
Total1,889 2,873,702 2,875,591 
As of December 31, 2020 (in $ thousands)Liabilities at fair value through profit or lossAmortized
cost		Total
(ii) Liabilities as per statement of financial position
Other liabilities— 86,070 86,070 
Trade payables— 1,004,216 1,004,216 
Derivative financial instruments6,358 — 6,358 
Finance lease liabilities— 294,103 294,103 
Borrowings— 1,722,893 1,722,893 
Total6,358 3,107,282 3,113,640 
Disclosure of financial instruments at fair value through profit or loss
The following table presents the assets and liabilities that are measured at fair value as of December 31, 2021 and 2020:
Fair value measurement as of December 31, 2021
(in $ thousands):
DescriptionTotalLevel 1Level 2Level 3 (*)
Financial assets at fair value through profit or loss / OCI
Cash and cash equivalents692,529 692,529 — — 
Other investments735,654 668,056 39,777 27,821 
Derivative financial instruments4,353 — 4,353 — 
Total assets1,432,536 1,360,585 44,130 27,821 
Financial liabilities at fair value through profit or loss / OCI
Derivative financial instruments1,889 — 1,889 — 
Total liabilities1,889 — 1,889 — 
Fair value measurement as of December 31, 2020
(in $ thousands):
DescriptionTotalLevel 1Level 2Level 3 (*)
Financial assets at fair value through profit or loss / OCI
Cash and cash equivalents259,020 259,020 — — 
Other investments236,240 233,611 — 2,629 
Derivative financial instruments1,572 — 1,572 — 
Total assets496,832 492,631 1,572 2,629 
Financial liabilities at fair value through profit or loss / OCI
Derivative financial instruments6,358 — 6,358 — 
Total liabilities6,358 — 6,358 — 
(*) The fair value of financial instruments classified as level 3 is not obtained from observable market information, but from measurements of the asset portfolio at market value provided by the fund manager. The evolution of such instruments during the years ended December 31, 2021 and 2020, corresponds to the initial investment and to the changes in its fair value, as follows:.
Guarantee fund companiesNon - U.S. government securities Corporate securities
At December 31, 20202,629 — — — — 
Additions— 7,863 16,695 
Changes in fair value1,189 — — 
Net foreign exchange gain(555)— — 
At the end of the year3,263 7,863 16,695 
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation The evolution of such instruments during the years ended December 31, 2021 and 2020, corresponds to the initial investment and to the changes in its fair value, as follows:.
Guarantee fund companiesNon - U.S. government securities Corporate securities
At December 31, 20202,629 — — — — 
Additions— 7,863 16,695 
Changes in fair value1,189 — — 
Net foreign exchange gain(555)— — 
At the end of the year3,263 7,863 16,695