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Consolidated Statements of Changes in Equity
$ in Millions, $ in Millions
Equity attributable to equity holders of the parent
MXN ($)
Capital Stock
MXN ($)
Additional paid-in capital
MXN ($)
Retained earnings
MXN ($)
Fair value in equity financial instrument
MXN ($)
Valuation of the effective portion of derivative financial instrument
MXN ($)
Exchange differences on the translation of foreign operations and equity accounted investees
MXN ($)
Remeasurements of the net defined benefit liability
MXN ($)
Non-controlling interest
MXN ($)
USD ($)
MXN ($)
Beginning Balance at Dec. 31, 2020 $ 237,743 $ 3,348 $ 17,808 $ 217,430 $ (4,482) $ 2,667 $ 4,162 $ (3,190) $ 69,444   $ 307,187
Consolidated net income from continued operations 28,495     28,495         9,183   37,678
Other comprehensive income (loss), net 3,928       5,165 1,563 (3,722) 922 (368)   3,560
Total other comprehensive income (loss) 32,423     28,495 5,165 1,563 (3,722) 922 8,815   41,238
Dividends declared and paid (7,687)     (7,687)         (5,729)   (13,416)
Issuance of share-based compensation plans 54   54           (14)   40
Contribution from non-controlling interest                 0    
Other movements in equity method accounted investees, net of income tax 68     68             68
Ending Balance at Dec. 31, 2021 262,601 3,348 17,862 238,306 683 4,230 440 (2,268) 72,516   335,117
Consolidated net income from continued operations 23,909     23,909         10,834   34,743
Other comprehensive income (loss), net (12,734)       (2,236) (1,709) (9,545) 756 (2,198)   (14,932)
Total other comprehensive income (loss) 11,175     23,909 (2,236) (1,709) (9,545) 756 8,636   19,811
Dividends declared and paid (11,358)     (11,358)         (6,176)   (17,534)
Issuance of share-based compensation plans 146 (1) 147           (57)   89
Disposal of businesses (295)   (295)           (74)   (369)
Contribution from non-controlling interest                 352   352
Other movements in equity method accounted investees, net of income tax 335     335             335
Ending Balance at Dec. 31, 2022 262,604 3,347 17,714 251,192 (1,553) 2,521 (9,105) (1,512) 75,197   337,801
Consolidated net income from continued operations 65,689     65,689         10,988 $ 4,536 [1] 76,677
Sale of Heineken investment 3,981         (738) 3,472 1,247     3,981
Other comprehensive income (loss), net (16,072)       1,357 (490) (16,662) (277) (3,466)   (19,538)
Total other comprehensive income (loss) 53,598     65,689 1,357 (1,228) (13,190) 970 7,522 3,615 [2] 61,120
Dividends declared and paid (12,247)     (12,247)         (6,551)   (18,798)
Issuance of share-based compensation plans (114) 1 (115)           22   (92)
Disposal of businesses 0   0           (1,681)   (1,681)
Contribution from non-controlling interest                 0    
Other movements in equity method accounted investees, net of income tax 19     19             19
Ending Balance at Dec. 31, 2023 $ 303,860 $ 3,348 $ 17,599 $ 304,653 $ (196) $ 1,293 $ (22,295) $ (542) $ 74,509 $ 22,392 [3] $ 378,369
[1] Convenience translation to U.S. dollars ($) – See Note 2.2.3
[2] Convenience translation to U.S. dollars ($) – See Note 2.2.3
[3] Convenience translation to U.S. dollars ($) – See Note 2.2.3