XML 157 R88.htm IDEA: XBRL DOCUMENT v3.25.1
III. FINANCIAL RISK MANAGEMENT (Details Textual)
$ in Thousands
12 Months Ended
Dec. 31, 2024
USD ($)
Dec. 31, 2023
USD ($)
Dec. 31, 2022
USD ($)
Disclosure of information about terms and conditions of hedging instruments and how they affect future cash flows [line items]      
Debt to equity ratio (as a ratio) 0.03 0.03  
Reserve of exchange differences on translation [1] $ 878 $ 71,252 [2]
Total borrowings 437,398 583,437 $ 728,762
Loss on interest rate risk if market interest rates were higher $ 5,500 $ 6,400  
Exposure investment-grade rated instruments (as a percent) 91.40% 90.80%  
Current trade receivables $ 1,907,507 $ 2,480,889  
Liquid financial assets (as a percent) 20.00% 19.00%  
Financial liabilities, fair value as a percentage of carrying value (as a percent) 98.30% 99.80%  
Reserve of cash flow hedges, continuing hedges   $ 8,100  
Reserve of cash flow hedges $ (600)    
Minimum maturity period of certificates of deposits 3 months    
CTA foreign exchange risk currency exposure $ 1,400 $ 1,100  
Information about major customers 0 0 0
Percentage of entity's revenue 10.00% 10.00% 10.00%
Allowance for doubtful accounts - trade receivables [member]      
Disclosure of information about terms and conditions of hedging instruments and how they affect future cash flows [line items]      
Current trade receivables $ 48,100 $ 49,000  
Petróleos Mexicanos [Member]      
Disclosure of information about terms and conditions of hedging instruments and how they affect future cash flows [line items]      
Debt issued fee to pay off mexican subsidiaries outstanding debt 16,000    
Debt issued fee to pay off mexican subsidiaries outstanding debt 200,000    
Past due [member]      
Disclosure of information about terms and conditions of hedging instruments and how they affect future cash flows [line items]      
Current trade receivables 395,500 679,600  
Guarantees under credit insurance [member]      
Disclosure of information about terms and conditions of hedging instruments and how they affect future cash flows [line items]      
Current trade receivables 208,500 212,700  
Letter of credit and other bank guarantees [member]      
Disclosure of information about terms and conditions of hedging instruments and how they affect future cash flows [line items]      
Current trade receivables 79,800 48,400  
Financial guarantee contracts [member] | Past due [member]      
Disclosure of information about terms and conditions of hedging instruments and how they affect future cash flows [line items]      
Current trade receivables 33,600 24,400  
Fixed interest rate [member]      
Disclosure of information about terms and conditions of hedging instruments and how they affect future cash flows [line items]      
Total borrowings [3] 172,018 $ 294,946  
Current borrowings $ 162,100    
Concentration risk (as a percent) [3] 39.00% 51.00%  
Other currencies hedged to U.S. dollar [member]      
Disclosure of information about terms and conditions of hedging instruments and how they affect future cash flows [line items]      
Liquid financial assets, percentage denominated by a specific currency (as a percent) 93.00% 94.00%  
Level 3 [member]      
Disclosure of information about terms and conditions of hedging instruments and how they affect future cash flows [line items]      
Total borrowings  
Current trade receivables  
One percent change, Argentine Peso / U.S. dollar foreign exchange risk [member]      
Disclosure of information about terms and conditions of hedging instruments and how they affect future cash flows [line items]      
Foreign exchange risk, currency exposure 400 1,300  
One percent change, Euro / U.S. dollar foreign exchange risk [member]      
Disclosure of information about terms and conditions of hedging instruments and how they affect future cash flows [line items]      
Foreign exchange risk, currency exposure 1,800 2,000  
One percent change, Brazilian Real / U.S. dollar foreign exchange risk [member]      
Disclosure of information about terms and conditions of hedging instruments and how they affect future cash flows [line items]      
Foreign exchange risk, currency exposure $ 400 $ 300  
Counterparty risk [member] | Petróleos Mexicanos [Member]      
Disclosure of information about terms and conditions of hedging instruments and how they affect future cash flows [line items]      
Concentration risk (as a percent) 17.00% 20.00%  
Liquidity risk [member]      
Disclosure of information about terms and conditions of hedging instruments and how they affect future cash flows [line items]      
Maximum maturity period of cash and cash equivalents 3 months    
Commodity price risk [member]      
Disclosure of information about terms and conditions of hedging instruments and how they affect future cash flows [line items]      
Maximum period of fixed price of commodities for short-term nature 1 year    
One percent change, All foreign exchange exposure vs USD dollar foreign exchange risk [member]      
Disclosure of information about terms and conditions of hedging instruments and how they affect future cash flows [line items]      
Foreign exchange risk, currency exposure $ 5,800 $ 6,700  
One percent change, All foreign exchange exposure vs USD dollar foreign exchange risk [member] | Foreign exchange derivatives contracts [member]      
Disclosure of information about terms and conditions of hedging instruments and how they affect future cash flows [line items]      
Foreign exchange risk, currency exposure $ 1,500 $ 2,300  
Currency risk [member]      
Disclosure of information about terms and conditions of hedging instruments and how they affect future cash flows [line items]      
Percentage of variance 1.00%    
[1] During 2022 as a result of NKKTubes’ definitive cease of operations, the currency translation adjustment reserve belonging to the shareholders was reclassified with impact in the income statement.
[2] Related to NKKTubes’ cease of operations.
[3] Out of the $172.0 million fixed rate borrowings, $162.1 million are short-term.