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Consolidated Income Statements
$ in Millions, $ in Millions
12 Months Ended
Dec. 31, 2023
USD ($)
$ / shares
Dec. 31, 2023
MXN ($)
$ / shares
Dec. 31, 2022
MXN ($)
$ / shares
Dec. 31, 2021
MXN ($)
$ / shares
Statement [Line Items]        
Net sales $ 41,399 [1] $ 699,640 $ 595,543 $ 504,122
Other operating revenues 181 [1] 3,052 1,465 1,338
Total revenues 41,580 [1] 702,692 597,008 505,460
Cost of goods sold 25,041 [1] 423,185 355,490 299,276
Gross profit 16,539 [1] 279,507 241,518 206,184
Administrative expenses 1,912 [1] 32,307 28,077 22,935
Selling expenses 11,168 [1] 188,732 149,145 129,057
Other income 775 [1] 13,102 1,051 5,566
Other expenses 370 [1] 6,252 2,896 3,725
Interest expense 883 [1] 14,916 15,853 16,630
Interest income 1,042 [1] 17,609 3,769 1,488
Foreign exchange (loss) gain, net (583) [1] (9,849) (3,696) 1,321
Gain on monetary position for subsidiaries in hyperinflationary economies 6 [2] 94 527 738
Market value (loss) gain on financial instruments (26) [1] (440) (706) 38
Income before income taxes and share in the profit of equity method accounted investees 3,420 [1] 57,816 46,496 42,990
Total income taxes attributable to continued operation 768 [1] 12,971 13,275 13,566
Share in the (loss) profit of equity method accounted investees, net of income taxes (24) [1] (406) 99 (10)
Net income from continuing operations 2,628 [1] 44,439 33,320 29,414
Net income from discontinued operations 1,908 [1] 32,238 1,423 8,264
CONSOLIDATED NET INCOME 4,536 [1] 76,677 34,743 37,678
Equity holders of the parent 3,886 [1] 65,689 23,909 28,495
Non-controlling interest 650 [1] 10,988 10,834 9,183
Aggregate continuing and discontinued operations        
Statement [Line Items]        
Gain on monetary position for subsidiaries in hyperinflationary economies $ 6 [1] 94 531 740
CONSOLIDATED NET INCOME   $ 44,439 $ 33,320 $ 29,414
Series B shares        
Basic earnings per share from continuing operations attributable to equity holders of the parent        
Controlling interest basic earnings (loss) per share from continuing operations | (per share) $ 0.09 [1] $ 1.67 $ 1.12 $ 1.01
Basic earnings per share from discontinued operations (in dollars per share) | (per share) 0.08 [1] 1.61 0.07 0.41
Diluted earnings per share from continuing operations attributable to equity holders of the parent        
Controlling interest diluted earnings (loss) per share from continuing operations | (per share) 0.09 [1] 1.67 1.12 1.01
Diluted earnings per share from discontinued operations (in dollars per share) | (per share) 0.08 [1] 1.61 0.07 0.41
Series D shares        
Basic earnings per share from continuing operations attributable to equity holders of the parent        
Controlling interest basic earnings (loss) per share from continuing operations | (per share) 0.11 [1] 2.09 1.40 1.26
Basic earnings per share from discontinued operations (in dollars per share) | (per share) 0.10 [1] 2.02 0.09 0.52
Diluted earnings per share from continuing operations attributable to equity holders of the parent        
Controlling interest diluted earnings (loss) per share from continuing operations | (per share) 0.11 [1] 2.09 1.40 1.26
Diluted earnings per share from discontinued operations (in dollars per share) | (per share) $ 0.10 [1] $ 2.01 $ 0.09 $ 0.52
[1] Convenience translation to U.S. dollars ($) – See Note 2.2.3
[2] Convenience translation to U.S. dollars ($) – See Note 2.2.3