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Non-Controlling Interest in Consolidated Subsidiaries
 12 Months Ended
Dec. 31, 2023
Non-Controlling Interest In Consolidated Subsidiaries [Abstract]  
Non-Controlling Interest in Consolidated Subsidiaries Non-Controlling Interest in Consolidated Subsidiaries
An analysis of FEMSA’s non-controlling interest in its consolidated subsidiaries as of December 31, 2023 and 2022 is as follows:
December 31, 2023December 31, 2022
Coca-Cola FEMSAPs.73,151Ps.72,128
Proximity Americas Division1,0461,004
Envoy Solutions—1,777
Other312288
 Ps.74,509Ps.75,197
The changes in the FEMSA’s non-controlling interest were as follows:
    202320222021
Balance at beginning of the period Ps.75,197 Ps.72,516 Ps.69,444 
Net income of non-controlling interest 10,988 10,834 9,183 
Other comprehensive loss: (3,465)(2,198)(368)
Exchange differences on translation of foreign operation (3,325)(1,558)(1,342)
Remeasurements of the net defined benefits liability 87 173 (36)
Valuation of the effective portion of derivative financial instruments (227)(813)1,010 
Dividends (6,551)(6,176)(5,729)
Share based payment 22 (57)(14)
Other acquisitions and remeasurements — 5 — 
Repurchase of non-controlling interests— (79)— 
Contribution from non-controlling interest— 352 — 
Disposals of businesses (Envoy and others)(1,682)— — 
Balance at end of the period Ps.74,509 Ps.75,197 Ps.72,516 

Non-controlling interest’s accumulated other comprehensive loss is comprised as follows:
 December 31, 2023December 31, 2022
Exchange differences on translation foreign operation Ps.(12,882)Ps.(9,557)
Remeasurements of the net defined benefits liability (335)(422)
Valuation of the effective portion of derivative financial instruments (307)(80)
Accumulated other comprehensive loss Ps.(13,524)Ps.(10,059)

Coca-Cola FEMSA shareholders, especially the Coca-Cola Company which holds Series D shares, have some protective rights about investing in or disposing of significant businesses. However, these rights do not limit the continued normal operations of Coca-Cola FEMSA.
Summarized financial information in respect of Coca-Cola FEMSA is set out below:
December 31, 2023December 31, 2022
Total current assets Ps.67,738 Ps.79,212 
Total non-current assets 205,782 198,783 
Total current liabilities 54,916 57,960 
Total non-current liabilities 84,899 88,159 
Total revenue Ps.245,088 Ps.226,740 
Consolidated net income 20,226 19,626 
Consolidated comprehensive income for the year, net of tax Ps.14,104 Ps.15,767 
Net cash flows generated from operating activities 42,289 35,491 
Net cash flows used in investing activities (20,070)(19,597)
Net cash flows used in financing activities (26,352)(20,847)

22.1 Options from past business acquisitions
Open Market - The former controlling shareholders of Open Market retain a put option for their remaining 20% non-controlling interest that can be exercised (i) at any time after the acquisition date (December 27, 2016) upon the occurrence of certain events and (ii) annually from January through April, after the third anniversary of the acquisition date (i.e. 2019). In any event, the Company through one of its subsidiaries can call the remaining 20% non-controlling
interest annually from January through April, after the fifth anniversary of the acquisition date (i.e. 2021). Both options would be exercisable at the then fair value of the interest and shall remain indefinitely.