XML 64 R40.htm IDEA: XBRL DOCUMENT v3.23.1
Significant Accounting Policies (Tables)
12 Months Ended
Dec. 31, 2022
Significant Accounting Policies [Abstract]  
Disclosure of Exchange Rates of Local Currencies Translated to Mexican Pesos
Exchange Rates of Local Currencies Translated to Mexican Pesos (1)
Functional /Average Exchange Rate forExchange Rate as of
RecordingDecember 31,December 31,
Country or ZoneCurrency    20222021202020222021
GuatemalaQuetzal2.602.622.782.472.67
Costa RicaColon0.030.030.040.030.03
PanamaU.S. dollar 20.1320.2821.4919.3620.58
ColombiaColombian peso 0.010.010.010.010.01
NicaraguaCordoba 0.560.580.630.530.58
ArgentinaArgentine peso 0.150.210.310.110.20
BrazilReais 3.903.764.183.713.69
ChileChilean peso 0.020.030.030.020.02
Euro ZoneEuro (€) 21.1724.0024.4820.6523.25
PeruNuevo Sol 5.245.226.155.075.15
EcuadorU.S. dollar 20.1320.2821.4919.3620.58
United StatesU.S. dollar20.1320.2821.4919.3620.58
UruguayUruguayan peso 0.490.470.510.480.46
(1)Exchange rates published by the Central Bank of each country where the Company operates.
Disclosure of Recognition of Effects of Inflation in Countries with Hyperinflationary Economic Environments
As of December 31, 2022, 2021, and 2020, the operations of the Company are classified as follows:
Cumulative Inflation - 
CountryCumulative Inflation - Type of EconomyType of EconomyCumulative Inflation - Type of Economy
Mexico 15.7%Non-hyperinflationary 13.9%Non-hyperinflationary 11.2%Non-hyperinflationary
Guatemala 12.6%Non-hyperinflationary 11.7%Non-hyperinflationary 10.9%Non-hyperinflationary
Costa Rica 11.4%Non-hyperinflationary 5.8%Non-hyperinflationary 4.5%Non-hyperinflationary
Panama 4.7%Non-hyperinflationary 0.9%Non-hyperinflationary (1.5)%Non-hyperinflationary
Colombia 19.5%Non-hyperinflationary 11.4%Non-hyperinflationary 8.8%Non-hyperinflationary
Nicaragua 19.6%Non-hyperinflationary 17.1%Non-hyperinflationary 13.5%Non-hyperinflationary
Argentina (a) 194.0%Hyperinflationary 216.1%Hyperinflationary 209.2%Hyperinflationary
Brazil 16.4%Non-hyperinflationary 20.0%Non-hyperinflationary 13.1%Non-hyperinflationary
Euro Zone 14.6%Non-hyperinflationary 5.8%Non-hyperinflationary 2.4%Non-hyperinflationary
Chile 20.9%Non-hyperinflationary 13.7%Non-hyperinflationary 8.8%Non-hyperinflationary
Peru 15.4%Non-hyperinflationary 10.6%Non-hyperinflationary 6.2%Non-hyperinflationary
Ecuador 5.8%Non-hyperinflationary 22.8%Non-hyperinflationary (0.7)%Non-hyperinflationary
United States13.8%Non-hyperinflationary11.0%Non-hyperinflationary3.7%Non-hyperinflationary
Uruguay 16.9%Non-hyperinflationary 28.5%Non-hyperinflationary 28.5%Non-hyperinflationary
Disclosure of Estimated Useful Lives of Company's Assets
The estimated useful lives of the Company’s assets are as follows:
    Years
Buildings 
25-50
Machinery and equipment 
6-15
Distribution equipment 
4-10
Refrigeration equipment 
6-7
Returnable bottles 
1.5-3
Leasehold improvements 
The shorter of the lease term or 21 years
Information technology equipment 
3-5
Other equipment 
3-15