Fomento Económico Mexicano, S.A.B. de C.V. (FMX) 20-F 21 Apr 23 2022 FY Annual report (foreign) Financial data

Cover Page

Cover Page	12 Months Ended
	Dec. 31, 2022 shares
Document Information [Line Items]
Document Type	20-F
Document Annual Report	true
Document Period End Date	Dec. 31, 2022
Current Fiscal Year End Date	--12-31
Entity File Number	001-35934
Entity Registrant Name	Mexican Economic Development, Inc.
Entity Incorporation, State or Country Code	O5
Entity Address, Address Line One	General Anaya No. 601 Pte.
Entity Address, Address Line Two	Colonia Bella Vista
Entity Address, City or Town	Monterrey
Entity Address, State or Province	NL
Entity Address, Postal Zip Code	64410
Entity Address, Country	MX
Entity Well-known Seasoned Issuer	Yes
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Emerging Growth Company	false
ICFR Auditor Attestation Flag	true
Document Accounting Standard	International Financial Reporting Standards
Entity Shell Company	false
Entity Central Index Key	0001061736
Document Fiscal Year Focus	2022
Document Fiscal Period Focus	FY
Amendment Flag	false
Document Transition Report	false
Document Registration Statement	false
Document Shell Company Report	false
Business Contact [Member]
Document Information [Line Items]
Contact Personnel Name	Juan F. Fonseca
City Area Code	52-818
Local Phone Number	328-6167
Contact Personnel Email Address	investor@femsa.com.mx
Entity Address, Address Line One	General Anaya No. 601 Pte.
Entity Address, Address Line Two	Colonia Bella Vista
Entity Address, City or Town	Monterrey
Entity Address, State or Province	NL
Entity Address, Postal Zip Code	64410
Entity Address, Country	MX
ADR [Member]
Document Information [Line Items]
Title of 12(b) Security	American Depositary Shares
Trading Symbol	FMX
Security Exchange Name	NYSE
2.875% Senior Notes due 2023
Document Information [Line Items]
Title of 12(b) Security	2.875% Senior Notes due 2023
Trading Symbol	FMX23
Security Exchange Name	NYSE
4.375% Senior Notes due 2043
Document Information [Line Items]
Title of 12(b) Security	4.375% Senior Notes due 2043
Trading Symbol	FMX43
Security Exchange Name	NYSE
3.500% Senior Notes due 2050
Document Information [Line Items]
Title of 12(b) Security	3.500% Senior Notes due 2050
Trading Symbol	FMX50
Security Exchange Name	NYSE
“BD” Units
Document Information [Line Items]
Entity Common Stock, Shares Outstanding	2,161,177,770
“B” Units
Document Information [Line Items]
Entity Common Stock, Shares Outstanding	1,417,048,500

Audit Information

Audit Information	12 Months Ended
	Dec. 31, 2022
Auditor Information [Abstract]
Auditor Name	Ernst & Young Global Limited
Auditor Location	San Pedro Garza Garcia, Mexico
Auditor Firm ID	1284

Consolidated Statements of Fina

Consolidated Statements of Financial Position $ in Millions, $ in Millions	Dec. 31, 2022 USD ($)	[1]	Dec. 31, 2022 MXN ($)	Dec. 31, 2021 MXN ($)
CURRENT ASSETS
Cash and cash equivalents	$ 4,280		$ 83,439	$ 97,407
Investments	3		51	24,415
Trade receivables, net	2,335		45,527	33,898
Inventories	3,192		62,224	50,896
Recoverable taxes	993		19,361	18,091
Other current financial assets	583		11,369	2,480
Other current assets	230		4,478	3,531
Total current assets	11,616		226,449	230,718
NON CURRENT ASSETS
Equity method accounted investees	5,317		103,669	107,299
Property, plant and equipment, net	6,873		134,001	115,147
Right-of-use asset	4,307		83,966	56,994
Intangible assets, net	9,785		190,772	158,138
Deferred tax assets	1,379		26,890	20,733
Other non-current financial assets	1,221		23,810	41,071
Other non-current assets, net	475		9,258	7,400
Total non-current assets	29,357		572,366	506,782
TOTAL ASSETS	40,973		798,815	737,500
CURRENT LIABILITIES
Bank loans and notes payable	96		1,862	2,003
Current portion of non-current debt	845		16,479	2,637
Current portion of leases	620		12,095	7,306
Interest payable	106		2,075	1,968
Trade payable	4,021		78,400	66,203
Accounts payable	1,633		31,842	27,149
Taxes payable	856		16,694	16,260
Other current financial liabilities	896		17,475	13,197
Total current liabilities	9,073		176,922	136,723
NON-CURRENT LIABILITIES
Bank loans and notes payable	8,894		173,400	185,945
Long-term lease liabilities	4,166		81,222	55,049
Employee benefits	362		7,048	7,600
Deferred tax liabilities	350		6,823	6,042
Other non-current financial liabilities	339		6,618	2,364
Provisions and other non-current liabilities	461		8,981	8,660
Total non-current liabilities	14,572		284,092	265,660
TOTAL LIABILITIES	23,645		461,014	402,383
EQUITY
Capital stock	172		3,347	3,348
Additional paid-in capital	909		17,714	17,862
Retained earnings	12,884		251,192	238,306
Other comprehensive income	(494)		(9,649)	3,085
Total controlling interest	13,471		262,604	262,601
Non-controlling interest	3,857		75,197	72,516
TOTAL EQUITY	17,328		337,801	335,117
TOTAL LIABILITIES AND EQUITY	$ 40,973		$ 798,815	$ 737,500
[1]Convenience translation to U.S. dollars ($) – See Note 2.2.3

Consolidated Income Statements

Consolidated Income Statements $ in Millions, $ in Millions	12 Months Ended
	Dec. 31, 2022 USD ($) $ / shares	[1]	Dec. 31, 2022 MXN ($) $ / shares	Dec. 31, 2021 MXN ($) $ / shares	Dec. 31, 2020 MXN ($) $ / shares
Statement [Line Items]
Net sales	$ 34,455		$ 671,725	$ 554,923	$ 490,425
Other operating revenues	76		1,477	1,338	2,541
Total revenues	34,531		673,202	556,261	492,966
Cost of goods sold	21,622		421,534	342,548	303,313
Gross profit	12,909		251,668	213,713	189,653
Administrative expenses	1,769		34,486	27,219	22,988
Selling expenses	8,070		157,340	134,079	123,405
Other income	56		1,088	5,887	3,343
Other expenses	147		2,870	3,727	12,381
Interest expense	837		16,314	16,938	17,516
Interest income	197		3,842	1,464	2,100
Foreign exchange loss (gain), net	191		3,729	(1,314)	(385)
Gain on monetary position, net	27		527	738	384
Market value loss (gain) on financial instruments	36		706	(38)	264
Income before income taxes and share in the profit of equity method accounted investees	2,139		41,680	41,191	19,311
Income taxes	738		14,395	14,278	14,819
Share in the profit (loss) of equity method accounted investees, net of tax	383		7,458	10,765	(736)
CONSOLIDATED NET INCOME	1,784		34,743	37,678	3,756
Controlling interest	1,228		23,909	28,495	(1,930)
Non-controlling interest	$ 556		$ 10,834	$ 9,183	$ 5,686
Series B shares
Controlling interest basic earnings (loss) per share
Controlling interest basic earnings (loss) per share | (per share)	$ 0.06		$ 1.19	$ 1.42	$ (0.10)
Controlling interest diluted earnings (loss) per share
Controlling interest diluted earnings (loss) per share | (per share)	0.06		1.19	1.42	(0.10)
Series D shares
Controlling interest basic earnings (loss) per share
Controlling interest basic earnings (loss) per share | (per share)	0.08		1.49	1.78	(0.12)
Controlling interest diluted earnings (loss) per share
Controlling interest diluted earnings (loss) per share | (per share)	$ 0.08		$ 1.49	$ 1.78	$ (0.12)
[1]Convenience translation to U.S. dollars ($) – See Note 2.2.3

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income (Loss) $ in Millions, $ in Millions	12 Months Ended
	Dec. 31, 2022 USD ($)	[1]	Dec. 31, 2022 MXN ($)	Dec. 31, 2021 MXN ($)	Dec. 31, 2020 MXN ($)
Statement of comprehensive income [abstract]
CONSOLIDATED NET INCOME	$ 1,784		$ 34,743	$ 37,678	$ 3,756
Items that will be reclassified to consolidated net income in subsequent periods, net of tax:
Valuation of the effective portion of derivative financial instruments	(115)		(2,240)	2,541	1,654
Income on hedge of net investments in foreign operations	189		3,677	350	1,060
Exchange differences (loss) income on the translation of foreign operations and equity method accounted investees	(894)		(17,430)	(8,307)	489
Share of other comprehensive income (loss) of equity method accounted investees	122		2,369	2,925	(5,948)
Total items that will be reclassified	(698)		(13,624)	(2,491)	(2,745)
Items that will not to be reclassified to consolidated net income in subsequent periods, net of tax:
Gain (loss) due to changes in the fair value in equity financial instruments	(115)		(2,236)	5,165	(3,991)
Share of other comprehensive income (loss) of equity method accounted investees	14		267	590	(111)
Remeasurements of the Net Defined Benefit Liability	34		661	296	(474)
Total items that will not be reclassified	(67)		(1,308)	6,051	(4,576)
Other items of comprehensive income (loss), net of tax	(765)		(14,932)	3,560	(7,321)
Total other comprehensive income (loss)	1,019		19,811	41,238	(3,565)
Controlling interest comprehensive income (loss)	576		11,175	32,423	(3,458)
Non-controlling interest comprehensive income (loss)	$ 443		$ 8,636	$ 8,815	$ (107)
[1]Convenience translation to U.S. dollars ($) – See Note 2.2.3

Consolidated Statements of Chan

Consolidated Statements of Changes in Equity $ in Millions, $ in Millions	Total controlling interest 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 ($)	USD ($)	[1]	MXN ($)
Beginning Balance at Dec. 31, 2019	$ 251,989	$ 3,348	$ 18,162	$ 229,794	$ (491)	$ 1,361	$ 2,589	$ (2,774)	$ 73,762			$ 325,751
Consolidated net income	(1,930)			(1,930)					5,686			3,756
Other comprehensive income (loss), net	(1,428)				(3,991)	1,306	1,673	(416)	(5,681)			(7,109)
Sale of Joint Venture	(100)						(100)		(112)			(212)
Total other comprehensive income (loss)	(3,458)			(1,930)	(3,991)	1,306	1,573	(416)	(107)			(3,565)
Dividends declared and paid	(10,360)			(10,360)					(5,524)			(15,884)
Issuance of share-based compensation plans	(275)		(275)						(64)			(339)
Acquisition of Envoy	(79)		(79)						1,377			1,298
Contribution from non-controlling interest									0
Other movements in equity method accounted investees, net of tax	(74)			(74)								(74)
Ending 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	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 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	23,909			23,909					10,834	$ 1,784		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	1,019		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
Other acquisition of non-controlling interest	(295)		(295)						(74)			(369)
Contribution from non-controlling interest									352			352
Other movements in equity method accounted investees, net of 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	$ 17,328		$ 337,801
[1]Convenience translation to U.S. dollars ($) – See Note 2.2.3

Consolidated Statements of Cash

Consolidated Statements of Cash Flows $ in Millions, $ in Millions	12 Months Ended
	Dec. 31, 2022 USD ($)	[1]	Dec. 31, 2022 MXN ($)	Dec. 31, 2021 MXN ($)	Dec. 31, 2020 MXN ($)
OPERATING ACTIVITIES
Income before income taxes and Share in the profit (loss) of equity method accounted investees	$ 2,520		$ 49,138	$ 51,956	$ 18,575
Non-cash items adjustments:
Operating (income)	158		3,075	(1,884)	(1,544)
Depreciation	1,428		27,831	25,293	25,006
Amortization	138		2,696	2,694	3,043
Gain on sale of long-lived assets	(16)		(308)	(1,176)	(130)
Disposal of long-lived assets	21		416	579	1,290
Impairment of long-lived assets	43		833	1,427	5,102
Share of the profit of equity method accounted investees, net of taxes	(383)		(7,458)	(10,765)	736
Interest income	(197)		(3,842)	(1,464)	(2,100)
Interest expense	837		16,314	16,938	17,516
Foreign exchange loss (gain), net	191		3,729	(1,314)	(385)
Monetary position gain, net	(27)		(527)	(738)	(384)
Market value loss (gain) on financial instruments	36		706	(38)	264
Net cash flows from operating activities before changes in operating accounts	4,749		92,603	81,508	66,989
Trade accounts receivable and other current assets	(399)		(7,777)	(6,050)	2,551
Other current financial assets	(23)		(457)	(743)	31
Inventories	(396)		(7,726)	(7,835)	(247)
Derivative financial instruments	0		5	(69)	124
Trade accounts payable and other accounts	684		13,339	19,931	(1,847)
Other non-current liabilities	10		200	3	901
Other current financial liabilities	114		2,215	732	1,015
Employee benefits paid	(37)		(730)	(771)	(981)
Net cash generated from operations	4,702		91,672	86,706	68,536
Income taxes paid	(979)		(19,096)	(13,616)	(15,363)
Net cash generated by operating activities	3,723		72,576	73,090	53,173
INVESTING ACTIVITIES
Equity method accounted investees	(28)		(542)	(662)	(2,095)
Other equity investments	82		1,593	0
Other equity investments					(5,644)
Disposal of investments	0		0	(23,504)	0
Proceeds from investments	1,120		21,830	0	14,149
Interest received	190		3,712	1,715	2,106
Derivative financial instruments	(29)		(560)	213	(191)
Dividends received from equity method accounted investees	133		2,602	5,039	4,180
Property, plant and equipment acquisitions	(1,549)		(30,209)	(18,294)	(18,660)
Proceeds from disposal of property, plant and equipment	24		472	1,478	461
Acquisition of intangible assets	(114)		(2,231)	(2,005)	(1,482)
Proceeds from long-lived assets	0		0	976	0
Investment in other assets	(78)		(1,516)	(997)	(1,082)
Collections of other assets	9		181	213	526
Investment in other financial assets	(77)		(1,506)	(735)	(214)
Net cash (used in) investing activities	(2,383)		(46,432)	(46,175)	(31,367)
FINANCING ACTIVITIES
Proceeds from borrowings	830		16,185	39,888	129,371
Payments of bank loans	(507)		(9,882)	(38,747)	(63,278)
Interest paid	(429)		(8,358)	(9,469)	(9,615)
Derivative financial instruments	5		103	(3,245)	1,078
Dividends paid	(898)		(17,506)	(13,399)	(15,868)
Contribution from non-controlling interest	19		362	0	0
Acquisition of non-controlling interest	(14)		(266)	0	(11,692)
Interest paid derived from leases	(293)		(5,711)	(5,038)	(4,568)
Payments of leases	(482)		(9,397)	(7,287)	(5,242)
Other financing activities	(73)		(1,428)	308	(611)
Net cash (used in) generated by financing activities	(1,842)		(35,898)	(36,989)	19,575
(Decrease) increase in cash and cash equivalents	(502)		(9,754)	(10,074)	41,381
Cash and cash equivalents at the beginning of the period	4,996		97,407	107,624	65,562
Effects of exchange rate changes and inflation effects on cash and cash equivalents held in foreign currencies	(214)		(4,214)	(143)	681
Cash and cash equivalents at the end of the period	4,280		83,439	97,407	107,624
Coca-Cola FEMSA
INVESTING ACTIVITIES
Other acquisitions, net of cash acquired (see Note 4)	(121)		(2,356)	0	0
Proximity Division - Americas
INVESTING ACTIVITIES
Other acquisitions, net of cash acquired (see Note 4)	(65)		(1,263)	0	0
Valora
INVESTING ACTIVITIES
Other acquisitions, net of cash acquired (see Note 4)	(1,052)		(20,504)	0	0
Envoy and other acquisitions
INVESTING ACTIVITIES
Other acquisitions, net of cash acquired (see Note 4)	(825)		(16,076)	(9,612)	(23,284)
Other acquisitions
INVESTING ACTIVITIES
Other acquisitions, net of cash acquired (see Note 4)	$ (3)		$ (59)	$ 0	$ (137)
[1]Convenience translation to U.S. dollars ($) – See Note 2.2.3

Company Business

Company Business	12 Months Ended
	Dec. 31, 2022
Company Business [Abstract]
Company Business	Company Business Fomento Económico Mexicano, S.A.B. de C.V. and subsidiaries (“FEMSA,” the Company or the Group), incorporated in 1936, is a public company established as a Sociedad anónima bursátil de capital variable under the Mexican laws leading subsidiaries that are direct and indirect sub-holding companies in businesses in which the Company operates in the beverage industry through Coca-Cola FEMSA; retail industry through Proximity, Fuel and Health Divisions; transport logistic services industry through Logistics and Distribution and participate in beer industry through the Heineken investment. The following is a description of the Company’s businesses, along with its interest ownership in each reportable segment: % Ownership Business 2022 2021 Activities Coca-Cola FEMSA, S.A.B. de C.V. and subsidiaries (“Coca-Cola FEMSA”) 47.2% (1) 47.2% (1) Production, distribution and marketing of certain Coca-Cola trademark beverages in Mexico, Guatemala, Nicaragua, Costa Rica, Panama, Colombia, Venezuela, Brazil, Argentina and Uruguay. As of December 31, 2022, The Coca-Cola Company (“TCCC”) indirectly owns 27.8% of Coca-Cola FEMSA’s capital stock. In addition, shares representing 25% of Coca-Cola FEMSA’s capital stock are traded on the Bolsa Mexicana de Valores (Mexican Stock Exchange “BMV”) and the New York Stock Exchange, Inc. (“NYSE”) in the form of American Depositary Shares (“ADS”). Proximity Division - Americas (3) 100% 100% Small-box retail chain format operations in Mexico, Colombia, Peru, Chile and Brazil, mainly under the trade name “OXXO.” Proximity Division - Europe (3) (4) 98.15% — Small-box retail and foodvenience chain operated by Valora through its portfolio of brands (k kiosk, Brezelkönig, BackWerk, Ditsch, Press & Books, avec, Caffè Spettacolo and ok.–) located in Switzerland, Germany, Austria, Luxembourg and the Netherlands; as well as one of the world’s leading producers of pretzels under the trademark "Ditsch". Fuel Division 100% 100% Retail service stations for fuels, motor oils, lubricants and car care products under the trade name “OXXO Gas” with operations in Mexico. Health Division 100% 100% Drugstores operations in Chile, Colombia and Ecuador, mainly under the trademark “Cruz Verde”, “Fybeca” and “Sana Sana”; and in Mexico under various brands such as “YZA”,” La Moderna” and “Farmacon.” Logistics and Distribution Various (2) Various (2) Transport logistics services, specialized distribution and maintenance to subsidiary companies and third parties; with operations mainly in Mexico, the United States, Brazil, Colombia, among other countries in Latin America. Heineken investment 14.8% 14.8% Heineken N.V. and Heineken Holding N.V. shares, which represent an aggregate of 14.8% economic interest in both entities (“Heineken Group”). See note 30. Other businesses 100% 100% Production and distribution companies of collers, commercial refrigeration equipment, plastic boxes, food processing, preservation and weighing equipment. (1) The Company controls Coca-Cola FEMSA’s relevant activities. (2) On May 15, 2020, the Company completed the acquisition of the specialized distribution business of cleaning products and consumables in the United States, through the controlling interest of NW Synergy, which includes WAXIE Sanitary Supply (“WAXIE”) and North American Corporation (“North American”). Additionally, on December 31, 2020, the Company completed the acquisition of Southeastern Paper Group (“SEPG”). During 2022 and 2021 the Company acquired other companies increasing its specialized distribution footprint in the United States. See Note 4. (3) Starting 2022, the Company opted to report voluntarily a new reportable segment named “Proximity Division - Europe”, which includes Valora's sales through its portfolio of brands. Additionally, the segment previously called "Proximity Division" was renamed to "Proximity Division - Americas" (4) As described in note 4, as of October 7, 2022, the Company acquired 96.87% of ownership in Valora Holding AG. Through that date and until December 31, 2022, the Company continued acquiring ownership of Valora, having 98.15% at the end of the year.

Basis of Preparation

Basis of Preparation	12 Months Ended
	Dec. 31, 2022
Basis of Preparation [Abstract]
Basis of Preparation	Basis of Preparation 2.1 Statement of compliance The consolidated financial statements of the Company as of December 31, 2022 and 2021 and for the years ended December 31, 2022, 2021 and 2020 have been prepared in accordance with International Financial Reporting Standards (“IFRS”) as issued by the International Accounting Standards Board (“IASB”). The Company’s consolidated financial statements and notes were authorized for issuance to the Mexican Stock Exchange by the Company’s Board of Directors on February 23, 2023. These consolidated financial statements and notes were then approved by the Company’s Chief Executive Officer Daniel Rodríguez Cofré and the Chief Financial Officer Eugenio Garza y Garza on March 8, 2023, and for issuance by the Company’s Board of Directors on March 9, 2023, and by the Shareholders meeting on March 31,2023. The accompanying consolidated financial statements were approved for issuance in the Company’s annual report on Form 20-F by the Company’s Chief Executive Officer and Chief Corporate Financial Officer on April 21, 2023 and subsequent events have been considered through that date (see Note 30). 2.2 Basis of measurement and presentation 2.2.1 COVID-19 COVID-19, an infectious disease caused by a virus discovered at the end of 2019, was declared a world-wide pandemic by the WHO on March 11, 2020. The measures to slow the spread of COVID‑19 had a significant impact on the global economy. The COVID-19 pandemic had also caused significant volatility in the financial markets during 2020, undermining investors’ confidence in the growth of countries and businesses. Major stock markets had halted operations on several occasions as persistent market turmoil intensifies and new information became available. In 2021 and 2020, currencies in many of the countries where we operate, including the Mexican peso, had suffered a significant depreciation against the U.S. dollar as compared to 2019, which increased the cost of some of our raw materials, and therefore negatively affected our financial results during that period. The COVID-19 pandemic had also increased the interest rates for short-term loans. In 2020, governments implemented several preventive measures such as social distancing and the temporary closure of certain points of sale considered as non-essential. As such measures were relaxed in 2021, most businesses were able to reopen and this allowed us to recover the accounts receivable. Given that the impact in this item was not material, the Company did not implement any relevant change to the Company's models to estimate the receivables’ provisions. Regarding the above, the following were considerations that supported the Company's going concern basis of accounting: • Consideration of the Company's business model and related risks. • Whether the entity has sufficient cash and/or headroom in its credit facilities to support any downturn whilst noting that the evolving nature of the COVID-19 pandemic means that uncertainties will remain, and it may not be able to reasonably estimate the future impact. • Actions the entity has taken to mitigate the risk that the going concern assumption is not appropriate such as activities to preserve liquidity. • Any challenges of the underlying data and assumptions used to make the going concern assessment. 2.2.2 General considerations The consolidated financial statements have been prepared on historical cost basis, except for the following: • Derivative financial instruments. • Trust assets of post-employment and other long-term employee benefit plans. • Investments in equity instruments and some financial liabilities. The carrying values of assets and liabilities designated as hedged items in fair value hedges that would otherwise be carried at amortized cost are adjusted to record changes in the fair values attributable to the risks that are being hedged in effective hedge relationships. The financial statements of subsidiaries whose functional currency is the currency of a hyperinflationary economy are restated in terms of the measuring unit at the end of the reporting period. 2.2.3 Presentation of the consolidated income statement The Company’s consolidated income statement classifies its costs and expenses by function according to the industry practices in which the Company operates. 2.2.4 Presentation of consolidated statements of cash flows The Company’s consolidated statement of cash flows is presented using the indirect method. 2.2.5 Convenience translation to U.S. dollars ($) The consolidated financial statements are stated in millions of Mexican pesos (“Ps.”) and rounded to the nearest million unless stated otherwise. However, solely for the convenience of the readers, the consolidated statement of financial position, as of December 31, 2022, the consolidated income statement, the consolidated statement of comprehensive income (loss) and consolidated statement of cash flows for the year ended December 31, 2022 were converted into U.S. dollars at the closing exchange rate of Ps. 19.4960 Mexican pesos per U.S. dollar as published by the Federal Reserve Bank of New York as of December 31, 2022. This arithmetic conversion should not be construed as a representation that amounts expressed in Mexican pesos may be converted into U.S. dollars at that or any other exchange rate. As explained in Note 2.1 above, as of April 14, 2023 the exchange rate was Ps. 18.0490 per U.S. dollar, an appreciation of 7.4% since December 31, 2022. 2.3 Critical accounting judgments and estimates For the application of the Company’s accounting policies, as described in Note 3, management is required to make judgments, estimates, and assumptions about the carrying amounts of assets and liabilities that are not readily apparent from other sources. The estimates and assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates. The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognized in the period in which the estimate is revised if it affects only such period or in the current and subsequent periods if the revision affects both. Judgments and estimations In the process of applying the Company’s accounting policies, management has made the following judgments, which have the most significant effects on the consolidated financial statements. 2.3.1 Key sources of estimation uncertainty The following are the assumptions and other sources of estimation uncertainty at the end of the reporting period that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities in the subsequent financial period. Existing circumstances and assumptions about future developments, however, may change due to market changes or circumstances arising beyond the control of the Company. Such changes would be included in the assumptions when they occur. 2.3.1.1 Impairment of indefinite-lived intangible assets, goodwill and depreciable long-lived assets Intangible assets with indefinite lives including goodwill are subject to impairment tests annually or whenever indicators of impairment are present. An impairment exists when the carrying value of an asset or cash-generating unit (“CGU”) exceeds its recoverable amount, which is the higher of its fair value less costs to sell and its value in use. The fair value less costs to sell calculations are based on available data from binding sales agreements in arm’s length transactions of similar assets or observable market prices less incremental costs for disposing of the asset. To determine whether such assets are impaired, the Company calculates an estimation of the value-in-use of the CGU to which such assets have been allocated. Impairment losses are recognized in current earnings for the excess of the carrying amount of the asset or CGU over its recoverable amount. The Company assesses at each reporting date whether there is an indication that a long-lived asset may be impaired. If any indication exists, or when annual impairment testing for an asset is required, the Company estimates the asset’s recoverable amount. When the carrying amount of an asset or CGU exceeds its recoverable amount, the asset or CGU is considered impaired and is written down to its recoverable amount. In assessing value-in-use, the estimated future cash flows expected to be generated from the use of the asset or CGU are discounted to their present value using a pre-tax discount rate that reflects current market assessments of the time value of money and the risks specific to the asset. In determining fair value less costs to sell, recent market transactions are taken into account, if available. If no such transactions can be identified, an appropriate valuation model is used. These calculations are corroborated by valuation multiples, quoted share prices for publicly traded subsidiaries, or other available fair value indicators. The Company's forecasts assume defensive profile and a recovery in the economic activity in the countries where we operate starting in 2021 and therefore, an improvement in sales volume. The worst effects of the pandemic were in 2020, with a recovery in the results and management believes its industry will continue growing in the near term. Likewise, management will continue with the analyses of utilization levels of its assets, the recoverability of the accounts receivable, profitability of the business, etc. to identify any indications of impairment. The key assumptions used to determine the recoverable amount for the Company’s CGUs, including a sensitivity analysis, are further explained in Notes 3.20 and 13. 2.3.1.2 Useful lives of property, plant and equipment and intangible assets with definite useful lives Property, plant and equipment, including returnable bottles which are expected to provide benefits over more than one year, as well as intangible assets with definite useful lives are depreciated/amortized over their estimated useful lives. The Company bases its estimates on the experience of its technical personnel as well as its experience in the industry for similar assets, see Notes 3.15, 3.18, 11 and 13. 2.3.1.3 Post-employment and other non-current employee benefits The Company regularly evaluates the reasonableness of the assumptions used in its post-employment and other long-term employee benefit computations. Information about such assumptions is described in Note 17. 2.3.1.4 Income taxes Deferred income tax assets and liabilities are determined based on the differences between the financial statement carrying amounts and the tax bases of assets and liabilities. The Company recognizes deferred tax assets for unused tax losses and other credits and regularly reviews them for recoverability, based on its judgment regarding the probability of the timing and level of future taxable income, the expected timing of the reversals of existing taxable temporary differences and available tax planning strategies, see Note 25. 2.3.1.5 Tax, labor and legal contingencies and provisions The Company is subject to various claims and contingencies related to tax, labor and legal proceedings as described in Note 26. Due to their nature, such legal proceedings involve inherent uncertainties including, but not limited to, court rulings, negotiations between affected parties and governmental actions. Management periodically assesses the probability of loss for such contingencies and accrues a provision and/or discloses the relevant circumstances, as appropriate. If the potential loss of any claim or legal proceeding is considered probable and the amount can be reasonably estimated, the Company accrues a provision for the estimated loss. Management’s judgment must be exercised to determine the likelihood of such a loss and an estimate of the amount, due to the subjective nature of the loss. Management periodically evaluates positions taken in tax returns concerning situations in which applicable tax regulation is subject to interpretation and considers whether it is probable that a tax authority will accept an uncertain tax treatment. The Company measures its tax balances either based on the most likely amount or the expected value, depending on which method provides a better prediction of the resolution of the uncertainty. The Company operates in numerous tax jurisdictions and is subject to periodic tax audits, in the normal course of business, by local tax authorities on a range of tax matters in relation to corporate tax, transfer pricing and indirect taxes. The impact of changes in local tax regulations and ongoing inspections by local tax authorities could materially impact the amounts recorded in the financial statements. Where the amount of tax payable is uncertain, the Company establishes provisions based on management’s estimates with respect to the likelihood of material tax exposures and the probable amount of the liability. 2.3.1.6 Valuation of financial instruments The Company measures all financial instruments at fair value. The fair values of derivative financial instruments are determined considering quoted prices in recognized markets. If such instruments are not traded, fair value is determined by applying techniques based upon technical models supported by sufficient reliable and verifiable data, recognized in the financial sector. The Company bases its forward price curves upon market price quotations. Management believes that the chosen valuation techniques and assumptions used are appropriate in determining the fair value of financial instruments, see Note 21. In the initial recognition of an equity instrument that is not held for trading, under the “other” business model, the Company may irrevocably choose to present changes in the fair value of the investment in Other Comprehensive Income (OCI). This choice has to be made for each investment. Equity instruments are subsequently measured at fair value. Dividends are recognized as other income in results unless the dividend represents a recovery of part of the cost of the investment. Other net gains and losses, related to changes in fair value, are recognized in OCI and are considered items that will not be reclassified to consolidated net income in subsequent periods. 2.3.1.7 Business combinations Businesses combinations are accounted for using the acquisition method. The consideration transferred in a business combination is measured at fair value, which is calculated as the sum of the acquisition-date fair values of the assets transferred by the Company, the liabilities assumed by, the Company from the former owners of the acquiree, the amount of any non-controlling interest in the acquiree, and the equity interests issued by the Company in exchange for control of the acquiree. At the acquisition date, the identifiable assets acquired, and the liabilities assumed are recognized and measured at their fair value, except that: • Deferred tax assets or liabilities, and assets or liabilities related to employee benefit arrangements are recognized and measured in accordance with IAS 12, Income Taxes and IAS 19, Employee Benefits, respectively; • Liabilities or equity instruments related to share-based compensation arrangements of the acquiree or share-based compensation arrangements of the Company entered into to replace share-based compensation arrangements of the acquiree are measured in accordance with IFRS 2, Share-based Payment at the acquisition date, see Note 3.27; • Assets (or disposal groups) that are classified as held for sale in accordance with IFRS 5, Non-current Assets Held for Sale and Discontinued Operations are measured in accordance with that standard; and • Indemnifiable assets are recognized at the acquisition date on the same basis as the indemnified liability subject to any contractual limitations. For each acquisition, management’s judgment must be exercised to determine the fair value of the assets acquired, the liabilities assumed and any non-controlling interest in the acquiree, applying estimates or judgments in techniques used, especially in forecasting CGU's cash flows, in the computation of weighted average cost of capital (“WACC”) and estimation of inflation during the identification of intangible assets with indefinite lives including goodwill and distribution and trademark rights, and estimation of useful life of acquired intangible assets with definite lives, mainly, customer relationships. 2.3.1.8 Equity method accounted investees If the Company holds, directly or indirectly, 20 percent or more of the voting power of the investee, it is presumed that it has significant influence, unless it can be clearly demonstrated that this is not the case. If the Company holds, directly or indirectly, less than 20 percent of the voting power of the investee, it is presumed that the Company does not have significant influence, unless such influence can be demonstrated. Decisions regarding the propriety of utilizing the equity method of accounting for a less than 20 percent-owned corporate investee requires a careful evaluation of voting rights and their impact on the Company’s ability to exercise significant influence. Management considers the existence of the following circumstances which may indicate that the Company is in a position to exercise significant influence over a less than 20 percent-owned corporate investee: • Representation on the board of directors or equivalent governing body of the investee; • Participation in policy-making processes, including participation in decisions about dividends or other distributions; • Material transactions between the Company and the investee; • Interchange of managerial personnel; or • Provision of essential technical information. Management also considers the existence and effect of potential voting rights that are currently exercisable or convertible when assessing whether the Company has significant influence. In addition, the Company evaluates certain indicators that provide evidence of significant influence, such as: • Whether the extent of the Company’s ownership is significant relative to other shareholders (i.e. a lack of concentration of other shareholders); • Whether the Company’s significant shareholders or officers hold an additional investment in the investee; and • Whether the Company is a part of an investee’s board of director committees, such as the executive committee or the finance committee. An arrangement can be a joint arrangement even though not all of its parties have joint control of the arrangement. When the Company is a party to an arrangement it assesses whether the contractual arrangement gives all the parties, or a group of the parties, control of the arrangement collectively; joint control exists only when decisions about the relevant activities require the unanimous consent of the parties that control the arrangement collectively. Management needs to apply judgment when assessing whether all the parties, or a group of the parties, have joint control of an arrangement. When assessing joint control, management considers the following facts and circumstances: a) Whether all the parties or a group of the parties, control the arrangement, considering the definition of joint control, as described in Note 3.14; and b) Whether decisions about the relevant activities require the unanimous consent of all the parties, or a group of the parties. 2.3.1.9 Venezuela exchange rates and deconsolidation Effective December 31, 2017, the Company deconsolidated its Coca-Cola FEMSA subsidiary’s operations in Venezuela due to the political and economic environment in that country and began accounting for its investments under the fair value method. Consequently, beginning January 1, 2018, all changes in the fair value of the investment, including foreign currency translation differences are recognized for Venezuela’s operations in “Other comprehensive income, net of tax.” 2.3.1.10 Leases The Company periodically evaluates the reasonability of the assumptions used in the calculation of the right-of-use asset and lease liability. The results of these evaluations are recognized in the consolidated statement of financial position. Information on assumptions and estimates that have a significant risk of resulting in an adjustment to the carrying value of right-of-use assets and lease liabilities, and the related statement of income accounts, include the following: • If the Company is reasonably certain to exercise an option to extend a lease agreement or not exercise an option to terminate a lease agreement before its termination date, considering all the facts and circumstances that create an economic incentive for the Company to exercise, or not, such options, taking into account whether the lease option is enforceable and when the Company has the unilateral right to apply the option in question. • Determination of the non-cancellable period for evergreen contracts and lifelong leases, considering whether the Company is reasonably certain to terminate the lease and/or estimating a reasonable period for the use of the asset, based on significant leasehold improvements made on the leased properties that provide reasonable certainty to the Company about the remaining period to obtain the benefits of such improvements on leased properties. The Company estimates the Incremental Borrowing Rate (IBR) using observable inputs (such as market interest rates) when available and is required to make certain entity-specific estimates (such as the subsidiary’s stand-alone credit rating). 2.4 Application of recently issued accounting standards The Company has applied the following amendments to IFRS during 2022. None of the amendments had a significant impact on the company’s financial statements: 2.4.1 Reference to the Conceptual Framework – Amendments to IFRS 3 In May 2020, the IASB issued amendments to IFRS 3 Business Combinations - Reference to the Conceptual Framework. The amendments are intended to replace a reference to the Framework for the Preparation and Presentation of Financial Statements, issued in 1989, with a reference to the Conceptual Framework for Financial Reporting issued in March 2018 without significantly changing its requirements. The Board also added an exception to the recognition principle of IFRS 3 to avoid the issue of potential ‘day 2’ gains or losses arising for liabilities and contingent liabilities that would be within the scope of IAS 37 or IFRIC 21, Levies, if incurred separately. At the same time, the Board decided to clarify existing guidance in IFRS 3 for contingent assets that would not be affected by replacing the reference to the Framework for the Preparation and Presentation of Financial Statements. 2.4.2 Property, Plant and Equipment: Proceeds before Intended Use – Amendments to IAS 16 In May 2020, the IASB issued amendments to IAS 16, which prohibits entities deducting from the cost of an item of property, plant and equipment, any proceeds from selling items produced while bringing that asset to the location and condition necessary for it to be capable of operating in the manner intended by management. Instead, an entity will recognize the proceeds from selling such items, and the costs of producing those items, in profit or loss. The company concluded this amendment did not have a material impact on 2022 consolidated financial statements. 2.4.3 Onerous Contracts – Costs of Fulfilling a Contract – Amendments to IAS 37 In May 2020, the IASB issued amendments to IAS 37 to specify which costs an entity needs to include when assessing whether a contract is onerous or loss-making. The amendments apply a “directly related cost approach.” The costs that relate directly to a contract to provide goods or services include both incremental costs and an allocation of costs directly related to contract activities. General and administrative costs that do not relate directly to a contract and are excluded unless they are explicitly chargeable to the counterparty under the contract. The company concluded this amendment did not have a material impact on 2022 consolidated financial statements. 2.4.4 I - Subsidiary as a first-time adopter - amendment to IFRS 1 First-time Adoption of International Financial Reporting Standards As part of its 2018-2020 annual improvements to IFRS standards process, the IASB issued an amendment to IFRS 1. The amendment permits a subsidiary that elects to apply paragraph D16(a) of IFRS 1 to measure cumulative translation differences using the amounts reported by the parent, based on the parent’s date of transition to IFRS. This amendment will also be applied to an associate or joint venture that elects to apply paragraph D16(a) of IFRS 1. 2.4.5 Fees in the ’10 per-cent’ test for derecognition of financial liabilities – amendments to IFRS 9 Financial Instruments As part of its 2018-2020 annual improvements to IFRS standards process the IASB issued amendments to IFRS 9 Financial Instruments. The amendments clarify the fees that an entity includes when assessing whether the terms of a new or modified financial liability are substantially different from the terms of the original financial liability. These fees include only those paid or received between the borrower and the lender, including fees paid or received by either the borrower or lender on the other’s behalf. An entity applies the amendments to financial liabilities that are modified or exchanged on or after the beginning of the annual reporting period in which the entity first applies the amendments.

Significant Accounting Policies

Significant Accounting Policies	12 Months Ended
	Dec. 31, 2022
Significant Accounting Policies [Abstract]
Significant Accounting Policies	Significant Accounting Policies 3.1 Basis of consolidation The consolidated financial statements comprise the financial statements of the Company and its subsidiaries. Control is achieved when the Company is exposed, or has rights, to variable returns from its involvement with the investee and can affect those returns through its power over the investee. Specifically, the Company controls an investee if and only if the Company has: • Power over the investee (i.e. existing rights that give it the current ability to direct the relevant activities of the investee); • Exposure, or rights, to variable returns from its involvement with the investee; and • The ability to use its power over the investee to affect its returns. When the Company has less than a majority of the voting or similar rights of an investee, the Company considers all relevant facts and circumstances in assessing whether it has power over an investee, including: • The contractual arrangements with the other vote holders of the investee; • Rights arising from other contractual arrangements; and • The Company’s voting rights and potential voting rights. The Company re-assesses whether or not it controls an investee if facts and circumstances indicate that there are changes to one or more of the three elements of control. Consolidation of a subsidiary begins when the Company obtains control over the subsidiary and ceases when the Company loses control of the subsidiary. Assets, liabilities, income and expenses of a subsidiary are included in the consolidated financial statements from the date the Company gains control until the date the Company ceases to control the subsidiary. Profit or loss and each component of OCI are attributed to the equity holders of the parent of the Company and the non-controlling interests, even if this results in the non-controlling interests having a deficit balance. When necessary, adjustments are made to the financial statements of subsidiaries to bring their accounting policies into line with the Company’s accounting policies. All intra-group assets and liabilities, equity, income, expenses and cash flows relating to transactions between members of the Company are eliminated in full-on consolidation. A change in the ownership interest of a subsidiary, without a loss of control, is accounted for as an equity transaction. If the Company loses control over a subsidiary, it: • Derecognizes the assets (including goodwill) and liabilities of the subsidiary. • Derecognizes the carrying amount of any non-controlling interests. • Derecognizes the cumulative translation differences recorded in equity. • Recognizes the fair value of the consideration received. • Recognizes the fair value of any investment retained. • Recognizes any surplus or deficit in profit or loss. • Reclassifies the parent’s share of components previously recognized in OCI to profit or loss or retained earnings, as appropriate, as would be required if the Company had directly disposed of the related assets or liabilities. 3.1.1 Acquisitions of non-controlling interests Acquisitions of non-controlling interests are accounted for as transactions with owners in their capacity as owners and therefore no goodwill is recognized as a result. Adjustments to non-controlling interests arising from transactions that do not involve the loss of control are measured at carrying amount and reflected in shareholders’ equity as part of additional paid-in capital. 3.2 Business combinations Business combinations are accounted for using the acquisition method at the acquisition date, which is the date on which control is transferred to the Company. The cost of an acquisition is measured as the aggregate of the consideration transferred, which is measured at acquisition date fair value, and the amount of any non-controlling interests in the acquiree. For each business combination, the Company elects whether to measure the non-controlling interests in the acquiree at fair value or the proportionate share of the acquiree’s identifiable net assets. Goodwill is measured as the excess of the sum of the consideration transferred, the amount of any non-controlling interests in the acquiree, and the fair value of the Company’s previously held equity interest in the acquiree (if any) over the net of the acquisition-date amounts of the identifiable assets of the acquiree and the liabilities assumed. If the net of the acquisition-date amounts of the identifiable assets of the acquiree and liabilities assumed exceeds the sum of the consideration transferred, the amount of any non-controlling interests in the acquiree and the fair value of the Company previously held an interest in the acquiree (if any), the excess is recognized immediately in profit or loss as a bargain purchase gain. Costs, other than those associated with the issuance of debt or equity securities, that the Company incurs in connection with a business combination are expensed as incurred. Any contingent consideration payable is recognized at fair value at the acquisition date. If the contingent consideration is classified as equity, it is not remeasured, and settlement is accounted for within equity. Otherwise, subsequent changes to the fair value of the contingent considerations are recognized in the consolidated net income. If the initial accounting for a business combination is incomplete by the end of the reporting period in which the combination occurs, the Company reports provisional amounts for the items in which the accounting is incomplete and discloses that its allocation is preliminary. Those provisional amounts are adjusted retrospectively during the measurement period (not greater than 12 months from the acquisition date), or additional assets or liabilities are recognized, to reflect new information obtained about facts and circumstances that existed at the acquisition date that, if known, would have affected the amounts recognized at that date. Sometimes obtaining control of an acquiree in which equity interest is held immediately before the acquisition date is considered as a business combination achieved in stages also referred to as a step acquisition. The Company remeasures its previously held equity interest in the acquiree at its acquisition-date fair value and recognizes the resulting gain or loss, if any, in profit or loss. Also, the changes in the value of equity interest in the acquiree recognized in other comprehensive income shall be recognized on the same basis as required if the Company had disposed directly of the previously held equity interest, see Note 3.14. The Company sometimes obtains control of an acquiree without transferring consideration. The acquisition method of accounting for a business combination applies to those combinations that may take the following forms: (a) The acquiree repurchases a sufficient number of its shares for the Company to obtain control. (b) Minority veto rights lapse that previously kept the Company from controlling an acquiree in which it held the majority voting rights. (c) The Company and the acquiree agree to combine their businesses by contract alone in which it transfers no consideration in exchange for control and no equity interest is held in the acquiree, either on the acquisition date or previously. 3.3 Foreign currencies, consolidation of foreign subsidiaries and accounting of equity method accounted investees In preparing the financial statements of each subsidiary and accounting for equity method accounted investees, transactions in currencies other than the individual entity’s functional currency (foreign currencies) are recognized at the exchange rates prevailing at the dates of the transactions. At the end of each reporting period, monetary items denominated in foreign currencies are retranslated at the rates prevailing at that date. Non-monetary items that are measured in terms of historical cost in a foreign currency are not retranslated. Exchange differences on monetary items are recognized in the consolidated net income in the period in which they arise except for: • The variations in the net investment in foreign subsidiaries generated by exchange rate fluctuation which are included in other comprehensive income, which is recorded in equity as part of cumulative translation adjustment within the accumulated other comprehensive income; • Intercompany financing balances with foreign subsidiaries are classified as long-term investments when there is no plan to pay such financing in the foreseeable future. Exchange rate fluctuation regarding this financing is recorded in the exchange differences on translation of foreign operations within the accumulated other comprehensive income (loss) item, which is recorded in equity; and • Exchange differences on transactions entered into to hedge certain foreign currency risks. Foreign exchange differences on monetary items are recognized in profit or loss. Their classification in the income statement depends on their nature. Differences arising from fluctuations related to operating activities are presented in the “ other expenses ” line (see Note 20) while fluctuations related to non-operating activities such as financing activities are presented as part of the “foreign exchange gain (loss)” line in the income statement. For incorporation into the Company’s consolidated financial statements, each foreign subsidiary, associate or joint venture’s individual financial statements are translated into Mexican pesos, as follows: • For entities operating in hyperinflationary economic environments, the inflation effects of the origin country are recognized under IAS 29 Financial Reporting in Hyperinflationary Economies , and subsequently translated into Mexican pesos using the year-end exchange rate for the consolidated statements of financial position and consolidated income statement and comprehensive income; and • For entities operating in non-hyperinflationary economic environments, assets and liabilities are translated into Mexican pesos using the year-end exchange rate, equity is translated into Mexican pesos using the historical exchange rate, and the income statement and comprehensive income are translated using the exchange rate at the date of each transaction. The Company uses the average exchange rate of each month if the exchange rate does not fluctuate significantly. In addition, in relation to a partial disposal of a subsidiary that does not result in the Company losing control over the subsidiary, the proportionate share of exchange differences on translation of foreign subsidiaries and associates are re-attributed to non-controlling interests and are not recognized in profit or loss. For all other partial disposals (i.e., partial disposals of associates or joint ventures that do not result in the Company losing significant influence or joint control), the proportionate share of the exchange differences on translation of foreign subsidiaries and associates is reclassified to profit or loss. Goodwill and fair value adjustments on identifiable assets and liabilities acquired arising on the acquisition of a foreign operation are treated as assets and liabilities of the foreign operation and translated at the rate of exchange prevailing at the end of each reporting period. Foreign exchange differences arising are recognized in equity as part of the cumulative translation adjustment. The translation of assets and liabilities denominated in foreign currencies into Mexican pesos is for consolidation purposes and does not indicate that the Company could realize or settle the reported value of those assets and liabilities in Mexican pesos. Additionally, this does not indicate that the Company could return or distribute the reported Mexican peso value in equity to its shareholders. Exchange Rates of Local Currencies Translated to Mexican Pesos (1) Functional / Average Exchange Rate for Exchange Rate as of Recording December 31, December 31, Country or Zone Currency 2022 2021 2020 2022 2021 Guatemala Quetzal 2.60 2.62 2.78 2.47 2.67 Costa Rica Colon 0.03 0.03 0.04 0.03 0.03 Panama U.S. dollar 20.13 20.28 21.49 19.36 20.58 Colombia Colombian peso 0.01 0.01 0.01 0.01 0.01 Nicaragua Cordoba 0.56 0.58 0.63 0.53 0.58 Argentina Argentine peso 0.15 0.21 0.31 0.11 0.20 Brazil Reais 3.90 3.76 4.18 3.71 3.69 Chile Chilean peso 0.02 0.03 0.03 0.02 0.02 Euro Zone Euro (€) 21.17 24.00 24.48 20.65 23.25 Peru Nuevo Sol 5.24 5.22 6.15 5.07 5.15 Ecuador U.S. dollar 20.13 20.28 21.49 19.36 20.58 United States U.S. dollar 20.13 20.28 21.49 19.36 20.58 Uruguay Uruguayan peso 0.49 0.47 0.51 0.48 0.46 (1) Exchange rates published by the Central Bank of each country where the Company operates. 3.4 Recognition of the effects of inflation in countries with hyperinflationary economic environments The Company recognizes the effects of inflation on the financial information of its subsidiaries that operate in hyperinflationary economic environments (when cumulative inflation of the three preceding years is approaching, or exceeds, 100% or more in addition to other qualitative factors), which consists of: • Using inflation factors to restate non-monetary assets, such as inventories, property, plant and equipment, net, intangible assets, net including related costs and expenses when such assets are consumed or depreciated; • Applying the appropriate inflation factors to restate capital stock, additional paid-in capital, net income, retained earnings and items of other comprehensive income by the necessary amount to maintain the purchasing power equivalent in the currency of the subsidiary on the dates such capital was contributed, or income was generated up to the date the consolidated financial statements are presented; and • Including the monetary position gain or loss in the consolidated net income. The Company restates the financial information of subsidiaries that operate in a hyperinflationary economic environment using the consumer price index (“CPI”) of each country. As of December 31, 2022, 2021, and 2020, the operations of the Company are classified as follows: Cumulative Inflation - Country Cumulative Inflation - Type of Economy Type of Economy Cumulative 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 States 13.8 % Non-hyperinflationary 11.0 % Non-hyperinflationary 3.7 % Non-hyperinflationary Uruguay 16.9 % Non-hyperinflationary 28.5 % Non-hyperinflationary 28.5 % Non-hyperinflationary a) Argentina Beginning on July 1, 2018, Argentina became a hyperinflationary economy because, among some other economic factors, the last three years’ cumulative inflation in Argentina exceeded 100% according to the several economic indexes that exist in the country. The financial information for the Company’s Argentine subsidiary has been adjusted to recognize the inflationary effects since January 1, 2018 through: • Using inflation factors to restate non-monetary assets, such as inventories, property, plant and equipment, net, intangible assets, net, including related costs and expenses when such assets are consumed or depreciated. • Recognizing the monetary position gain or loss in the consolidated net income. The Federacion Argentina de Consejos Profesionales de Ciencias Económicas (“FACPCE”) approved on September 29, 2018 and published on October 5, 2018, a resolution which defines, among other things, that the index price to determine the restatement coefficient is based on a series that applies the NCPI from January 2017 with the IPIM until this date, and computing November and December 2015 using the CPI – of Ciudad del Gran Buenos Aires (“CGBA”) variation. 3.5 Cash and cash equivalents and restricted cash Cash is comprised of deposits in bank accounts that generate interest on the available balance. Cash equivalents are mainly represented by short-term bank deposits and fixed-income investments (overnight), both with maturities of three months or less, and their carrying values approximate fair value. The Company also maintains restricted cash which is pledged as collateral to meet certain contractual obligations. Restricted cash is presented within other current financial assets given that, by their nature, the restrictions are short-term. 3.6 Investments The investments include debt securities and bank deposits with a maturity of more than three months as of the acquisition date. Management determines the appropriate classification of investments at the time of purchase and evaluates that classification at the date of each statement of financial position, see Notes 6 and 14. 3.7 Financial assets Financial assets are classified within the following business models depending on management’s objective: (i) “held to maturity to recover cash flows,” (ii) “held to maturity and to sell financial assets” and (iii) “others or held for trading,” including derivatives assigned in hedging instruments with an effective hedge, as appropriate. The classification depends on the nature and purpose of holding the financial assets and is determined at the time of initial recognition. The Company performs a portfolio–level assessment of the business model in which a financial asset is managed to accomplish the Company’s risk management purposes. The information that is considered within the evaluation includes: • The policies and objectives of the Company about the portfolio and the practical implementation of policies; • Performance and evaluation of the Company’s portfolio including accounts receivable; • Risks that affect the performance of the business model and how those risks are managed; • Any compensation related to the performance of the portfolio; and • Frequency, volume and timing of sales of financial assets in previous periods together with the reasons for said sales and expectations regarding future sales activities. The Company’s financial assets include cash, cash equivalents and restricted cash, investments with maturities of more than three months, loans and accounts receivable, derivative financial instruments and other financial assets. For the initial recognition of a financial asset, the Company measures it at fair value plus the transaction costs that are directly attributable to the purchase thereof, if said asset is not measured at fair value through profit or loss. Accounts receivable that do not have a significant financing component are measured and recognized at the transaction price when they are generated. The rest of the financial assets are recognized only when the Company is part of the contractual provisions of the instrument. The fair value of an asset is measured using assumptions that would be used by market participants when valuing the asset, assuming that the transaction is orderly and takes place in the principal or the most advantageous market for the asset. During the initial recognition, the financial asset is also classified as measured at: amortized cost, fair value with changes in other comprehensive income – debt or equity investments – and fair value through profit or loss. The classification depends on the objective by which the financial asset is acquired. Financial assets are not reclassified after their initial recognition unless the Company changes the business model to manage the financial assets; in which case, all affected financial assets are reclassified on the first day of the first reporting period following the change in the business model. 3.7.1 Financial assets at amortized cost A financial asset is measured at amortized cost if it meets the following two conditions and is not designated as fair value through profit and loss (“FVTPL”): • It’s managed within a business model whose objective is to maintain financial assets to recover the contractual cash flows; and • The contractual terms are only payments at specified dates of the principal and interest on the amount of the outstanding principal, or solely payments of principal and interest (“SPPI”). The amortized cost of a financial asset is the amount of the initial recognition less the principal payments, plus or minus the accumulated amortization using the effective interest rate method of any difference between the initial amount and the amount as of the maturity and, for financial assets, adjusted for loss of impairment. The financial product, exchange fluctuation and impairment are recognized in results. Any profit or loss is also recognized in the same way in results. 3.7.2 Effective interest rate method (“ERR”) The effective interest rate method consists of calculating the amortized cost of loans and accounts receivables and other financial assets (measured at amortized cost) and allocating interest income/expense over the relevant period. The effective interest rate is the rate that exactly discounts estimated future cash receipts (including all fees on points paid or received that form an integral part of the effective interest rate, transaction costs and other premiums or discounts) through the expected life of the financial asset, or (where appropriate) a shorter period, to the net carrying amount on initial recognition. 3.7.3 Financial assets at fair value with changes in other comprehensive income (“FVOCI”) A financial asset is measured at FVOCI if it meets the following two conditions and is not designated as FVTPL: • It’s managed within a business model whose objective is achieved through the collection of contractual cash flows and the sale of financial assets; and • The contractual terms are solely principal and interest payments. These assets are subsequently measured at fair value. The financial product calculated using the internal rate of return (“IRR”), the exchange fluctuation and the impairment are recognized in profit and loss. Other gains and losses, related to changes in fair value, are recognized in OCI. In the case of derecognition or reclassification, the accumulated gains and losses in OCI are reclassified to profit and loss. In the initial recognition of an equity instrument that is not held for trading, under the “other” business model, the Company may irrevocably choose to present changes in the fair value of the investment in OCI. This choice has to be made for each investment. Equity instruments are subsequently measured at fair value. Dividends are recognized as other income in results unless the dividend represents a recovery of part of the cost of the investment. Other net gains and losses, related to changes in fair value, are recognized in OCI and are not reclassified to consolidated net income in subsequent periods. 3.7.4 Financial assets at fair value through profit or loss (FVTPL) Financial assets designated as FVTPL include financial assets held for trading and financial assets designated at initial recognition as FVTPL. Financial assets are classified as held for trading if they are acquired to sell in the short-term. Derivatives, including embedded derivatives are also classified as held for trading unless they are designated as effective hedging instruments as defined in IFRS 9. Financial assets designated as FVTPL are recorded in the balance sheet with changes in fair value presented as financial expense (net negative changes in fair value) or financial income (net positive changes in fair value) in profit or loss, including any dividend income. 3.7.5 Evaluation that contractual cash flows are solely principal and interest payments (“SPPI”) To classify a financial asset within one of the three different categories, the Company determines whether the contractual cash flows of the asset are only principal and interest payments. The Company considers the contractual terms of the financial instrument and whether the financial asset contains any contractual term that could change the timing or amount of the contractual cash flows in such a way that it would not meet the SPPI criteria. In making this evaluation, the Company considers the following: • Contingent events that would change the amount or timing of cash flows; • Terms that can adjust the contractual coupon rate, including variable interest rate characteristics; • Payment and extension features; and • Characteristics that limit the Company's right to obtain cash flows from certain assets. A prepaid feature is consistent with the characteristics of SPPI if the prepayment amount substantially represents the amounts of the principal and interest pending payment, which could include reasonable compensation for early termination of the contract. Additionally, a financial asset acquired or originated with a premium or discount to its contractual amount and in the initial recognition the fair value of the prepaid characteristic is insignificant, the asset will pass the test of the contractual characteristics of cash flow if the amount of prepaid represents substantially the contractual amount and accrued interest (but not paid); which may include additional compensation for the early termination of the contract. 3.7.6 Impairment of financial assets The Company recognizes impairment due to expected credit loss (“ECL”) in: • Financial assets measured at amortized cost; • Debt investments measured at FVOCI; and • Other contractual assets. Impairment losses on accounts receivable, contractual assets and leasing receivables are measured at the amount that equals the lifetime ECL, whether or not it has a significant financing component. The Company applies the criteria to all accounts receivable, contractual assets and leasing credits, together or separately. The Company measures impairment losses at an amount equal to ECL for the remaining life, except for the following: • Debt instruments classified as low credit risk; and • Other debt instruments in which the credit risk (non-recoverability risk over the financial instrument expected life) has not increased significantly since the initial recognition. In determining whether the credit risk of a financial asset has increased significantly since initial recognition and estimating the ECL, the Company considers reasonable and supportable information that is relevant and available without undue cost or effort. It includes qualitative and quantitative analysis based on Company’s experience and credit assessment. The impairment loss is a weighted estimate of the probability of expected loss. The amount of impairment loss is measured as the present value of any lack of liquidity (the difference between the contractual cash flows that correspond to the Company and the cash flows that management expects to receive). The expected credit loss is discounted at the original effective interest rate of the financial asset. The Company evaluates if there was evidence of impairment on a regular basis or when an impairment indicator exists. Some observable data that financial assets were impaired includes: • Significant financial difficulty of the issuer or the borrower; • A breach of contracts, such as default or past due event; • Granting concessions due to the borrower’s financial difficulties which the Company would not consider in other circumstances; • Indicators that the borrower will enter bankruptcy or other financial reorganization; • The disappearance of an active market for a financial instrument because of financial difficulties; or • Information indicating that there was a measurable decrease in the expected cash flows of a group of financial assets. For an equity instrument, evidence of impairment includes a significant decrease in its fair value lower than its carrying value. The impairment loss on financial assets measured at amortized cost reduces the book value and for financial assets measured at FVOCI, the impairment loss is recognized as loss within OCI. 3.7.7 Derecognition A financial asset (or, where applicable, a part of a financial asset or part of a group of similar financial assets) is derecognized when: • The rights to receive cash flows from the financial asset have expired; or • The Company has transferred its rights to receive cash flows from the asset or has assumed an obligation to pay the received cash flows in full without material delay to a third party under a ‘pass-through’ arrangement, and either (a) the Company has transferred substantially all the risks and rewards of the asset, or (b) the Company has neither transferred nor retained substantially all the risks and rewards of the asset, but has transferred control of the asset. 3.7.8 Offsetting of financial instruments Financial assets are required to be offset against financial liabilities and the net amount reported in the consolidated statement of financial position if, and only if the Company: • Currently has an enforceable legal right to offset the recognized amounts; and • Intends to settle on a net basis, or to realize the assets and settle the liabilities simultaneously. 3.8 Other financial assets Other financial assets include long-term accounts receivable, derivative financial instruments and recoverable contingencies acquired from business combinations. Long-term accounts receivable with a stated term are measured at amortized cost using the effective interest method, less any impairment. 3.9 Derivative financial instruments The Company is exposed to different risks related to cash flows, liquidity, market and third-party credit. As a result, the Company contracts different derivative financial instruments to reduce its exposure to the risk of exchange rate fluctuations between the Mexican peso and other currencies, and interest rate fluctuations associated with its borrowings denominated in foreign currencies and the exposure to the risk of fluctuation in the costs of certain raw materials. The Company values and records all derivative financial instruments and hedging activities, in the consolidated statement of financial position as either an asset or liability measured at FVTPL or FVOCI, considering quoted prices in recognized markets. If such instruments are not traded in a formal market, fair value is determined by applying techniques based upon technical models supported by sufficient, reliable and verifiable market data. Changes in the fair value of derivative financial instruments are recorded each period in current earnings or otherwise as a component of cumulative other comprehensive income based on the item being hedged and the effectiveness of the hedge. 3.9.1 Hedge accounting The Company designates certain hedging instruments, which include derivatives to cover foreign currency risk, as either fair value hedges or cash flow hedges. Hedges of foreign exchange risk on firm commitments are accounted for as cash flow hedges. At the inception of the hedge relationship, the Company documents the relationship between the hedging instrument and the hedged item, along with its risk management objectives and its strategy for undertaking various hedge transactions. Furthermore, at the inception of the hedge and on an ongoing basis, the Company documents whether the hedging instrument is highly effective in offsetting changes in fair values or cash flows of the hedged item attributable to the hedged risk. When forward contracts are used to hedge forecasted transactions, the Company generally designates only the change in fair value of the forward contract related to the spot component as the hedging instrument. Gains or losses related to the effective portion of the change in the spot component of forward contracts are recognized in the cash now hedge reserve under OCI. The change in the forward element of the contract that refers to the hedged item “aligned forward element” is recognized in other comprehensive income in the costs

Business Combinations and Dispo

Business Combinations and Disposals	12 Months Ended
	Dec. 31, 2022
Business Combinations and Disposals [Abstract]
Business Combinations and Disposals	Business Combinations and Disposals 4.1 Business Combinations The Company has consummated certain business acquisitions during 2022, 2021 and 2020, which were recorded using the acquisition method of accounting. The results of the acquired operations have been included in the consolidated financial statements since the date on which the Company obtained control of the business, as disclosed below. Therefore, the consolidated income statements and the consolidated statements of financial position in the year of such acquisitions are not comparable with previous periods. The consolidated statements of cash flows show the cash outflow and inflow for the acquired operations, net of the cash acquired related to those acquisitions. Acquisitions completed in the periods presented and disclosed below are presented according to their relative importance to the consolidated financial statements, not necessarily following a chronological order. 4.1.1 Coca-Cola FEMSA On January 2022, the Company (through Coca-Cola FEMSA) completed the acquisition of 100% of CVI Refrigerantes Ltda. (herein “CVI”), to expand its geographic footprint, for Ps. 1,947 in an all cash consideration. CVI was a bottler of Coca-Cola trademark products which operated in Rio Grande do Sul, Brazil. CVI is included in the Company’s results since the acquisition date. The allocation of the purchase price to the fair value of the net assets acquired is as follows: 2022 Total current assets, including cash acquired of Ps. 104 Ps. 615 Total non-current assets 972 Distribution rights 894 Total assets 2,481 Total liabilities (731) Net assets acquired 1,750 Goodwill arising on acquisition 197 Total consideration transferred 1,947 Amount to be paid (186) Net payment on acquisition date 1,761 Cash acquired of CVI (104) Net cash paid Ps. 1,657 Total revenues of CVI for the period from the acquisition date through to December 31, 2022 were Ps. 1,923. The consolidated total revenues of the Company adjusted to give effect to the acquisition of CVI, as if the acquisition had occurred on January 1, 2022 were Ps. 226,929 (unaudited). 4.1.2 Proximity Division - Europe On October 2022, the Company (through Proximity Division - Europe) completed the acquisition of 96.87% of Valora Holding AG. (herein “Valora”), for Ps. 22,475 in an all cash consideration. Due to the timing of the acquisition in the fourth quarter of 2022, the purchase price allocation is preliminary with respect to the valuation of acquired assets, liabilities assumed (including income taxes), intangible assets, and goodwill. The Company continues to obtain the information to complete the purchase price allocation and will record adjustments, if any, during the 12 month measurement period. The preliminary allocation of the purchase price to the fair value of the net assets acquired is as follows: 2022 Total current assets, including cash acquired of Ps. 1,971 Ps. 8,536 Right of use assets 18,820 Trademark 1,037 Other non-current assets 8,515 Total assets 36,908 Total liabilities (34,733) Net assets acquired 2,175 Goodwill and intangible assets pending of allocation (1) 20,361 Non-controlling interest 61 Total consideration transferred 22,475 Cash acquired (1,971) Net cash paid 20,504 (1) Goodwill and intangibles assets pending allocation would include primarily trademarks and customer relationships of which the majority are expected to be indefinite life. The company estimate that the amortization expense of customer relationships during 2022 is not significant. The Company expects to recover the amounts to be allocated as goodwill through synergies, building on FEMSA’s capabilities by leveraging its expertise in the organization and management of small-format proximity stores. The income statement information of this acquisition for the period from the acquisition date through December 31, 2022 is as follows: Income Statement 2022 Total revenues Ps. 10,064 Income before income taxes 229 Net loss Ps. (72) 4.1.3 Logistics and distribution On May 2022, the Company (through Envoy Solutions LLC) completed the acquisition of 100% of Sigma Supply of North America, LLC. (herein “Sigma Supply”), for Ps. 8,118 in an all cash consideration. Due to the timing of the acquisition in 2022, the purchase price allocation is preliminary with respect to the valuation of acquired assets, liabilities assumed (including income taxes), intangible assets, and goodwill. The Company continues to obtain the information to complete the purchase price allocation and will record adjustments, if any, during the 12 month measurement period. The preliminary allocation of the purchase price to the fair value of the net assets acquired is as follows: 2022 Current assets, including cash acquired of Ps. 15 Ps. 46 Accounts receivable 1,255 Inventory 1,391 Total non-current assets 24 Total assets 2,716 Total liabilities (560) Net assets acquired 2,156 Goodwill and intangible assets pending of allocation (1) 5,962 Total consideration transferred 8,118 Cash acquired (15) Net cash paid Ps. 8,103 (1) Goodwill and intangible assets pending allocation would include customer relationships which are expected to be approximately 28% of goodwill and intangible assets pending of allocation. The company estimate that the amortization expense of customer relationships during 2022 is not significant. The Company expects to recover the amounts to be allocated as goodwill through its strategy of creating a national distribution platform in the US, building on FEMSA’s capabilities by leveraging its expertise in the organization and management of supply chains and distribution systems in adjacent businesses. Additionally, this goodwill is deductible for US tax purposes in a period of 15 years. The income statement information of this acquisition for the period from the acquisition date through December 31, 2022 is as follows: Income Statement 2022 Total revenues Ps. 5,718 Income before income taxes 463 Net income Ps. 463 During 2020, the Company completed the acquisition through the controlling interest of 89.5% of NW Synergy Holdings LLC (now Envoy Solutions LLC, or Envoy) for Ps. 20,233 fully paid in cash. This acquisition was primarily related to the following: on May 15, 2020, the Company completed the acquisitions of WAXIE and North American, a new platform within the Jan-San, packaging and specialized distribution industry in the United States, operating a network of 26 distribution centers across the country and serving more than 27,000 customers in various industries such as building service contractors, education, government, retail and hospitality, which is included in the Company’s results since May 2020. As a result of the purchase price allocation, which was finalized in 2021, no additional fair value adjustments were recognized. The final allocation of the purchase price to the fair value of the net assets acquired is as follows: 2020 Total current assets, including cash acquired of Ps. 138 Ps. 2,162 Customer relationships and trademark 10,698 Other non-current assets 1,954 Total assets 14,814 Total liabilities (3,523) Net assets acquired 11,291 Goodwill 10,241 Non-controlling interest (1) (1,299) Total consideration transferred in cash 20,233 Cash acquired (138) Net cash paid Ps. 20,095 (1) Non-controlling interests were measured using the net asset value method. The Company expects to recover the amounts recorded as goodwill through its strategy of creating a national distribution platform in the US, building on FEMSA’s capabilities by leveraging its expertise in the organization and management of supply chains and distribution systems in adjacent businesses. Additionally, this goodwill is deductible for US tax purposes in a period of 15 years. The income statement information of this acquisition for the period from the acquisition date through December 31, 2020 is as follows: Income Statement 2020 Total revenues Ps. 11,275 Income before income taxes 525 Net income Ps. 498 4.2 Other acquisitions 4.2.1 Coca-Cola FEMSA On November 2022, the Company (through Coca-Cola FEMSA) completed the acquisition of 100% of the business of “Agua Cristal” from Bepensa, a mexican business group, in the Southeast region of Mexico for Ps. 699 in an all cash consideration transferred. The business of “Agua Cristal” is included in the Company results since December, 2022. As of the date of these Financial Statements, the Company is in the process of completing the evaluation of the fair value of this acquisition; however the Company booked provisional amounts, among which the main are property, plant and equipment for Ps. 448 and distribution rights for Ps.228, the provisional amount of goodwill amounts to Ps. 8 and the amount of liabilities assumed was not significant. 4.2.2 Proximity Division - Americas On February 2022, the Company (through Proximity Division - Americas) completed the acquisition of 100% of Ok Market (herein “Ok Market”), a chain of small-format proximity stores in Chile, for Ps. 1,269 in an all cash consideration. The final allocation of the purchase price to the fair value of the net assets acquired is as follows: 2022 Total current assets, including cash acquired of Ps. 6 Ps. 463 Total non-current assets 1,238 Total assets 1,701 Total liabilities (1,055) Net assets acquired 646 Goodwill 623 Total consideration transferred 1,269 Cash acquired (6) Net cash paid Ps. 1,263 The Company expects to recover the amounts recorded as goodwill through synergies, building on FEMSA’s capabilities by leveraging its expertise in the organization and management of small-format proximity stores. The income statement information of this acquisition for the period from the acquisition date through December 31, 2022 is as follows: Income Statement 2022 Total revenues Ps. 2,635 Income before income taxes 314 Net income Ps. 204 4.2.3 Logistics and distribution During 2022, the Company (through Envoy Solutions LLC) completed the acquisition of 100% of ATRA Janitorial Supply Co., LLC. (herein “Atra”), Hughes Enterprises, LLC. (herein "Hughes"), Sunbelt Packaging, LLC. (herein "Sunbelt"), H.T. Berry Company, LLC. (herein "H.T. Berry") and other smaller acquisitions for Ps. 8,171 in an all cash consideration. Due to the timing of the acquisition in 2022, the purchase price allocation is preliminary with respect to the valuation of acquired assets, liabilities assumed (including income taxes), intangible assets, and goodwill. The Company continues to obtain the information to complete the purchase price allocation and will record adjustments, if any, during the 12 month measurement period. The preliminary allocation of the purchase price to the fair value of the net assets acquired is as follows: 2022 Total current assets, including cash acquired of Ps. 198 Ps. 2,023 Total non-current assets 489 Total assets 2,512 Total liabilities (838) Net assets acquired 1,674 Goodwill and intangible assets pending of allocation (1) 6,497 Total consideration transferred 8,171 Cash acquired (198) Net cash paid Ps. 7,973 (1) Goodwill and intangible assets pending allocation would include customer relationships which are expected to be approximately 28% of goodwill and intangible assets pending of allocation. The company estimate that the amortization expense of customer relationships during 2022 is not significant. The Company expects to recover the amounts to be allocated as goodwill through its strategy of creating a national distribution platform in the US, building on FEMSA’s capabilities by leveraging its expertise in the organization and management of supply chains and distribution systems in adjacent businesses. Additionally, this goodwill is deductible for US tax purposes in a period of 15 years. The income statement information of these acquisitions for the period from the acquisition date through December 31, 2022 is as follows: Income Statement 2022 Total revenues Ps. 2,148 Income before income taxes 115 Net income Ps. 115 During 2021, the Company (through Envoy Solutions, LLC) completed the acquisition of 100% of Daycon Products, Co. (“Daycon”), Penn Jersey Paper, Co. (“PJP”), Next-Gen Supply Group, Inc. (“Next-Gen”), Johnston Paper Company, Inc. (“Johnston Paper”), and other smaller acquisitions which amounted to Ps. 9,949 fully paid in cash, increasing its specialized distribution footprint in the United States. In 2022, the Company finalized the allocation of the purchase price to the fair values of the identifiable assets acquired and liabilities assumed for acquisitions completed during the prior year, with no significant variations to the preliminary allocation to the fair value of the net assets acquired, which were included in its audited annual consolidated financial statements as of and for the year ended December 31, 2021. The final allocation of the purchase price to the fair value of the net assets acquired is as follows: 2021 Total current assets, including cash acquired of Ps. 337 Ps. 2,795 Customer relationships 2,864 Trademarks 58 Other non-current assets 1,594 Total assets 7,311 Total liabilities (2,907) Net assets acquired 4,404 Goodwill 5,545 Total consideration transferred 9,949 Amount to be paid (337) Net cash paid Ps. 9,612 (1) As a result of the purchase price allocation which was finalized in 2022, additional fair value adjustments from those recognized in 2021 have been recognized as follows: an increase in total net assets of Ps. 3,068 (from which Ps. 2,864 are customer relationships and Ps. 58 are trademarks), and a decrease in goodwill of Ps. 2,395. The Company expects to recover the amounts recorded as goodwill through its strategy of creating a national distribution platform in the US, building on FEMSA’s capabilities by leveraging its expertise in the organization and management of supply chains and distribution systems in adjacent businesses. Additionally, this goodwill is deductible for US tax purposes in a period of 15 years. The income statement information of these acquisitions for the period from the acquisition date through December 31, 2021 is as follows: Income Statement 2021 Total revenues Ps. $ 2,187 Income before income taxes 46 Net income Ps. 46 On December 31, 2020, the Company completed the acquisition of 100% of Southeastern Paper Group, Inc. (“SEPG”), which amounted to Ps. 2,984 fully paid in cash, increasing its specialized distribution footprint in the United States. As a result of the purchase price allocation, which was finalized in 2021, fair value adjustments have been recognized as follows: increase in customer relationships of Ps. 798, trademarks of Ps. 60, non-current assets amounted to Ps. 92, and decrease in goodwill of Ps. 944. Unaudited Pro Forma Financial Data The following unaudited consolidated pro forma financial data represent the Company’s historical financial information, adjusted to give effect to (i) the acquisitions of Valora, Sigma Supply and the other acquisitions made by Envoy Solutions LLC as if these acquisitions had occurred on January 1, 2022; and (ii) certain accounting adjustments mainly related to the pro forma depreciation of fixed assets and amortization of definite life intangibles of the acquired companies. Unaudited consolidated pro forma financial data for the acquisitions is as follows: For the year ended December 31, 2022 Total revenues Ps. 730,624 Income before income taxes and share of the profit of equity method accounted investees 43,318 Net income 34,864 Basic net controlling interest income per share Series “B” Ps. 1.20 Basic net controlling interest income per share Series “D” 1.50 The following unaudited consolidated pro forma financial data represent the Company’s historical financial information, adjusted to give effect to (i) the acquisitions of Daycon, PJP, Next-Gen and Johnston Paper as if these acquisitions had occurred on January 1, 2021; and (ii) certain accounting adjustments mainly related to the pro forma depreciation of fixed assets and amortization of definite life intangibles of the acquired companies. Unaudited consolidated pro forma financial data for the acquisitions is as follows: For the year ended December 31, 2021 Total revenues Ps. 565,838 Income before income taxes and share of the profit of equity method accounted investees 41,313 Net income 37,800 Basic net controlling interest income per share Series “B” Ps. 1.43 Basic net controlling interest income per share Series “D” 1.78 The following unaudited consolidated pro forma financial data represent the Company’s historical financial information, adjusted to give effect to (i) the acquisitions of Waxie and North American as if these acquisitions had occurred on January 1, 2020; and (ii) certain accounting adjustments mainly related to the pro forma depreciation of fixed assets and amortization of definite life intangibles of the acquired companies. Unaudited consolidated pro forma financial data for the acquisitions is as follows: For the year ended December 31, 2020 Total revenues Ps. 508,367 Income before income taxes and share of the profit of equity method accounted investees 20,019 Net income 4,464 Basic net controlling interest loss per share Series “B” Ps. (0.06) Basic net controlling interest loss per share Series “D” (0.08) 4.3. Disposals 4.3.1 Specialty’s Specialty’s was a Café & Bakery business based in California, Washington and Illinois. The COVID-19 pandemic started to expand across the United States in the last weeks of March 2020, which triggered an economic crisis. In the context of this uncertainty and adverse environment, Specialty’s had financial and economic setbacks with significant impacts in sales, as well as its profitability due to the government’s contingency plans for the disease which included mobility restrictions. Therefore, on May 15, 2020, the Company announced its decision to close Specialty’s operations. Such a decision was approved by the Company’s board on the date previously specified. Consequently, on May 26, 2020, the Company’s board approved the filing for bankruptcy under Chapter 7 of the U.S. Bankruptcy Code, which was filed on May 27, 2020. As a result of filing under Chapter 7, the Company lost control over this subsidiary and consequently it was deconsolidated. The case is being handled in the California Northern Bankruptcy Court. In connection with Specialty’s closing, the Company recorded an impairment charge of Ps. 2,021.

Cash and Cash Equivalents

Cash and Cash Equivalents	12 Months Ended
	Dec. 31, 2022
Cash and cash equivalents [abstract]
Cash and Cash Equivalents	Cash and Cash Equivalents Includes cash on hand and in bank deposits and cash equivalents, which are short-term, highly liquid investments that are readily convertible to known amounts of cash and are subject to an insignificant risk of changes in value, with a maturity date of three months or less at their acquisition date. Cash and cash equivalents at the end of the reporting period as shown in the consolidated statements of financial position and cash flows are comprised of the following: December 31, 2022 December 31, 2021 Cash and bank balances Ps. 39,598 Ps. 32,145 Cash equivalents (see Note 3.5) 43,841 65,262 Ps. 83,439 Ps. 97,407

Investments

Investments	12 Months Ended
	Dec. 31, 2022
Investments [Abstract]
Investments	Investments As of December 31, 2022 and 2021, current investments with a maturity greater than three months but less than twelve months are carried at amortized cost, and their carrying value is similar to their fair value. The following is a detail of such investments: Fixed-rate Corporate debt securities 2022 2021 Acquisition cost Ps. 21 Ps. 24,396 Accrued interest 30 19 Total investments Ps. 51 Ps. 24,415

Trade Accounts Receivable, Net

Trade Accounts Receivable, Net	12 Months Ended
	Dec. 31, 2022
Trade and other receivables [abstract]
Trade Accounts Receivable, Net	Trade Accounts Receivable, Net December 31, 2022 December 31, 2021 Trade accounts receivable Ps. 39,331 Ps. 30,564 The Coca-Cola Company (see Note 15) 776 820 Loans to employees 131 118 Heineken Group (see Note 15) 1,172 1,191 Others 6,355 3,156 Allowance for expected credit losses (2,238) (1,951) Ps. 45,527 Ps. 33,898 7.1 Trade receivables Trade receivables representing rights arising from sales and loans to employees or any other similar concept, are presented net of discounts and the allowance for expected credit losses. Coca-Cola FEMSA has accounts receivable from The Coca-Cola Company arising from the latter’s participation in advertising and promotional programs. Because less than 5% of the trade accounts receivables are unrecoverable, the Company does not have customers classified as "high risk,” which would be eligible to have special management conditions for the credit risk. As of December 31, 2022, the main customers of the Company represent, in aggregate form, 13% of the expected loss of unrecoverable trade receivable accounts. In 2020, due to the COVID-19 pandemic, governments implemented several preventive measures such as social distancing and the temporary closure of certain points of sale considered as non-essential. As such measures were relaxed in 2021, most businesses were able to reopen and this allowed us to recover the accounts receivable. Given that the impact in this item was not material, the Company did not implement any relevant change to its models to estimate the receivables’ recoverability. The allowance is calculated under an expected loss model that recognizes the impairment losses throughout the life of the contract. For this particular case, because the accounts receivable are generally outstanding for less than one year, the Company defined an impairment estimation model under a simplified approach of expected loss through a parametric model. The parameters used within the model are: • Breach probability; • Loss severity; • Financing rate; • Special recovery rate; and • Breach exposure. Aging of accounts receivable (days current or outstanding) December 31, 2022 December 31, 2021 Current Ps. 36,978 Ps. 28,523 0‑30 days 7,517 4,108 31‑60 days 1,037 622 61‑90 days 463 373 91‑120 days 291 748 120+ days 1,479 1,475 Total Ps. 47,765 Ps. 35,849 7.2 Changes in the allowance for expected credit losses 2022 2021 2020 Balance at the beginning of the period Ps. 1,951 Ps. 2,462 Ps. 2,189 Allowance for the period 1,060 496 591 Additions (write-offs) of uncollectible accounts (945) (821) (613) Addition from business combinations 166 — 273 Effects of changes in foreign exchange rates 6 (186) 22 Balance at the end of the period Ps. 2,238 Ps. 1,951 Ps. 2,462 In determining the recoverability of trade receivables, the Company considers any change in the credit quality of the trade receivable from the date credit was initially granted up to the end of the reporting period. The concentration of credit risk is limited due to the customer base being large and dispersed. 7.3 Payments from The Coca-Cola Company The Coca-Cola Company participates in certain advertising and promotional programs as well as in Coca-Cola FEMSA’s refrigeration equipment and returnable bottles investment program. Contributions received by Coca-Cola FEMSA for advertising and promotional incentives are recognized as a reduction in selling expenses and contributions received for the refrigeration equipment and returnable bottles investment program are recorded as a reduction in the carrying amount of refrigeration equipment and returnable bottles items. For the years ended December 31, 2022, 2021, and 2020 contributions received were Ps. 1,170, Ps. 2,437 and Ps. 1,482, respectively.

Inventories

Inventories	12 Months Ended
	Dec. 31, 2022
Inventories [Abstract]
Inventories	Inventories December 31, 2022 December 31, 2021 Finished products Ps. 53,185 Ps. 40,742 Raw materials 6,383 6,138 Spare parts 1,159 1,109 Work in process 1,028 960 Inventories in transit 469 1,947 Ps. 62,224 Ps. 50,896 For the years ended 2022, 2021 and 2020, the Company recognized write-downs of its inventories for Ps. 2,040, Ps. 1,871 and Ps. 2,046 to net realizable value, respectively. For the years ended 2022, 2021 and 2020, changes in inventories are comprised of the following and included in the consolidated income statement under the cost of goods sold caption: 2022 2021 2020 Changes in inventories of finished goods and work in progress Ps. 270,345 Ps. 246,134 Ps. 209,410 Raw materials and consumables used 114,857 85,286 79,896 Total Ps. 385,202 Ps. 331,420 Ps. 289,306

Other Current Assets and Other

Other Current Assets and Other Current Financial Assets	12 Months Ended
	Dec. 31, 2022
Current assets [abstract]
Other Current Assets and Other Current Financial Assets	Other Current Assets and Other Current Financial Assets 9.1 Other current assets December 31, 2022 December 31, 2021 Prepaid expenses Ps. 3,953 Ps. 3,115 Agreements with customers 208 111 Licenses 247 218 Assets classified as held for sale 27 10 Other 43 77 Ps. 4,478 Ps. 3,531 As of December 31, 2022 and 2021, the Company’s prepaid expenses are as follows: December 31, 2022 December 31, 2021 Advances for inventories Ps. 1,964 Ps. 2,110 Advertising and promotional expenses paid in advance 119 105 Advances to service suppliers 44 81 Prepaid leases 64 118 Prepaid insurance 332 284 Others 1,430 417 Ps. 3,953 Ps. 3,115 For the years ended December 31, 2022, 2021 and 2020, the Company’s advertising and promotional expenses amounted to Ps. 5,768, Ps. 7,586 and Ps. 7,471, respectively. 9.2 Other current financial assets 2022 2021 Restricted cash Ps. 1,103 Ps. 688 Derivative financial instruments (see Note 21) 10,061 1,629 Note receivables (1) 205 163 Ps. 11,369 Ps. 2,480 (1) The carrying value approximates its fair value as of December 31, 2022 and 2021. The Company has pledged part of its cash to fulfill the collateral requirements for the accounts payable in different currencies. As of December 31, 2022 and 2021, the restricted cash pledged was held in: 2022 2021 U.S. Dollars Ps. 1,095 Ps. 685 Chilean pesos 8 3 Ps. 1,103 Ps. 688 The restricted cash in U.S. Dollars corresponds to operations in Brazil and relates to short term deposits in order to fulfill the collateral requirements for accounts payable.

Equity Method Accounted Investe

Equity Method Accounted Investees	12 Months Ended
	Dec. 31, 2022
Investments in subsidiaries, joint ventures and associates reported in separate financial statements [abstract]
Equity Method Accounted Investees	Equity Method Accounted Investees As of December 31, 2022 and 2021, Company’s equity method accounted investees are as follows: Ownership Percentage Carrying Value Investee Principal Activity Place of Incorporation December 31, 2022 December 31, 2021 December 31, 2022 December 31, 2021 Heineken (1) (2) Beverages The Netherlands 14.8 % 14.8 % Ps. 92,282 Ps. 96,349 Coca-Cola FEMSA: Joint ventures: Dispensadoras de Café, S.A.P.I. de C.V. Services Mexico 50.0 % 50.0 % 189 183 Fountain Agua Mineral, L.T.D.A. Beverages Brazil 50.0 % 50.0 % 752 699 Planta Nueva Ecología De Tabasco, S.A. de C.V. Recycling Mexico 50.0 % 50.0 % 578 18 Associates: Promotora Industrial Azucarera, S.A. de C.V. (“PIASA”) Sugar production Mexico 36.4 % 36.4 % 3,632 3,348 Industria Envasadora de Querétaro, S.A. de C.V. (“IEQSA”) Canned bottling Mexico 26.5 % 26.5 % 157 178 Industria Mexicana de Reciclaje, S.A. de C.V. (“IMER”) Recycling Mexico 35.0 % 35.0 % 100 102 Jugos del Valle, S.A.P.I. de C.V. Beverages Mexico 29.3 % 28.8 % 2,267 2,128 Leao Alimentos e Bebidas, L.T.D.A. Beverages Brazil 25.1 % 24.7 % 388 404 TROP Frutas do Brasil S.A. (“TROP”) Beverages Brazil 23.9 % 23.6 % 13 55 Alimentos de Soja S.A.U. Beverages Argentina 10.7 % 10.7 % 282 263 Other investments in Coca-Cola FEMSA Various Various Various Various 94 116 Proximity Division - Americas: Raizen Conveniências Proximity Brazil 50.0 % 50.0 % 2,371 2,567 Other investments (1) (3) Various Various Various Various 564 889 Ps. 103,669 Ps. 107,299 (1) Associate. (2) As of December 31, 2022 and 2021 comprised of 8.63% of Heineken, N.V. and 12.26% of Heineken Holding, N.V., which represents an economic interest of 14.76% in Heineken Group. The Company has significant influence, mainly, because it participates in the Board of Directors of Heineken Holding, N.V. and the Supervisory Board of Heineken N.V.; and for the material transactions between the Company and Heineken Group (see Note 30). (3) Joint ventures. During 2022, Coca-Cola FEMSA's ownership in Jugos del Valle, S.A.P.I. de C.V. increased due to a corporate reestructuring and its ownership in Leao Alimentos e Bebidas, LTDA, Trop Frutas do Brasil, LTDA increased due to the acquisition of CVI. During 2022 and 2021 Coca-Cola FEMSA received dividends from Industria Envasadora de Querétaro, S.A. de C.V. ("IEQSA") for the amount of Ps. 16 and Ps. 16, respectively. During 2022 Coca-Cola FEMSA made capital contributions to Planta Nueva Ecología de Tabasco S.A. de C.V. for the amounts of Ps. 560, and there were no changes in the ownership percentage as a result of capital contributions made by the other shareholders. During 2021 Coca-Cola FEMSA made capital contributions to Jugos del Valle, S.A.P.I. de C.V. for the amount of Ps. 44 and there were no changes in the ownership percentage as a result of capital contributions made by the other shareholders. During 2021 Coca-Cola FEMSA reduced its capital on Leao Alimentos y Bebidas LTDA. for the amount of Ps. 46, and there were no changes in the ownership percentage as a result of the capital reduction. During 2021, Coca-Cola FEMSA recognized an impairment on its investment in Trop Frutas Do Brasil LTDA. for the amount of Ps. 250. During 2020 Coca-Cola FEMSA recognized impairments on its investment in Compañía Panameña de Bebidas, S.A.P.I. de C.V. and Leao Alimentos y Bebidas LTDA. for the amounts of Ps. 1,463 and Ps. 1,038, respectively. On September 30, 2020, Coca-Cola FEMSA announced that its joint venture with The Coca-Cola Company (Compañía Panameña de Bebidas, S.A.P.I. de C.V.) successfully sold 100% of its stock interest in Estrella Azul, a dairy products company in Panama. As part of the transaction, Coca-Cola FEMSA agreed with the buyer that it could receive payments in the future if the business of Estrella Azul achieves certain volume and EBITDA targets during the 2022-2027 period. Coca-Cola FEMSA estimated the amount of the payments to be received based on the forecasts of the business and calculated their net present value. As of December 31, 2022 and 2021, the financial asset recognized in the consolidated statement of financial position has a total value of Ps. 5 and Ps. 5, respectively. This transaction is presented in the other expenses line of the consolidated financial statements. Coca-Cola FEMSA concluded it did not achieve the requirements to be considered as a discontinued operation under IFRS 5. On April 30, 2010, the Company acquired an economic interest of 20% of Heineken Group. Heineken’s main activities are the production, distribution and marketing of beer worldwide. On September 18, 2017, the Company concluded the sale of a portion of its investment, representing 5.2% combined economic interest, consisting of 22,485,000 Heineken N.V. shares and 7,700,000 Heineken Holding N.V. shares at the price of €. 84.50 and €. 78.00 per share, respectively. The Company recognized an equity income (loss) of Ps. 7,359, Ps. 10,775 and Ps. (434) net of taxes based on its economic interest in Heineken Group for the years ended December 31, 2022, 2021 and 2020, respectively. The economic interest as of December 31, 2022 and 2021 was 14.8%. The Company’s share of the net income (loss) attributable to equity holders of Heineken Group exclusive of amortization of adjustments amounted to Ps. 8,316 (€.396 million), Ps. 11,635 (€. 491 million) and Ps. (842) (€.(30) million), for the years ended December 31, 2022, 2021 and 2020, respectively. Summarized financial information in respect of the associate Heineken Group accounted for under the equity method is set out below. December 31, 2022 December 31, 2021 Amounts in millions Peso Euro Peso Euro Total current assets Ps. 227,481 €. 11,015 Ps. 222,653 €. 9,578 Total non-current assets 854,803 41,391 912,929 39,272 Total current liabilities 293,050 14,190 281,141 12,094 Total non-current liabilities 336,543 16,296 396,489 17,056 Total equity 452,690 21,920 457,952 19,700 Equity attributable to equity holders 403,765 19,551 403,463 17,356 Total revenue and other income Ps. 598,072 €. 28,866 Ps. 555,269 €. 23,462 Total cost and expenses 509,333 24,583 449,171 18,979 Net income Ps. 62,965 €. 3,039 Ps. 83,662 €. 3,535 Net income attributable to equity holders 55,568 2,682 78,668 3,324 Other comprehensive income 6,257 302 31,713 1,340 Total comprehensive income Ps. 69,222 €. 3,341 Ps. 115,375 €. 4,875 Total comprehensive income attributable to equity holders 62,965 3,039 107,968 4,562 Reconciliation from the equity of the associate Heineken Group to the investment of the Company. December 31, 2022 December 31, 2021 Amounts in millions Peso Euro Peso Euro Equity attributable to equity holders of Heineken Ps. 403,765 €. 19,551 Ps. 403,463 €. 17,356 Economic ownership percentage 14.76 % 14.76 % 14.76 % 14.76 % Investment in Heineken investment exclusive of goodwill and other adjustments Ps. 59,560 €. 2,884 Ps. 59,534 €. 2,561 Effects of fair value determined by purchase price allocation 14,528 704 16,342 703 Goodwill 18,194 881 20,473 881 Heineken investment Ps. 92,282 €. 4,469 Ps. 96,349 €. 4,145 As of December 31, 2022 and 2021, the fair value of the Company’s investment in Heineken N.V. Holding and Heineken N.V. represented by shares equivalent to 14.8% of its outstanding shares amounted to Ps. 143,638 (€.6,912 million) and Ps. 181,059 (€.7,779 million) based on quoted market prices of those dates. As of April 14, 2023, the fair value amounted to €. 8,090 million. During the years ended December 31, 2022, 2021 and 2020, the Company received dividends distributions from Heineken Group, amounting to Ps. 2,635, Ps. 2,005 and Ps. 2,322, respectively. For the years ended December 31, 2022, 2021 and 2020 the equity (loss) earnings recognized for associates of Coca-Cola FEMSA were Ps. 194, Ps. 85 and Ps. (124), respectively. For the years ended December 31, 2022, 2021 and 2020 the equity (loss) earnings recognized for joint ventures of Coca-Cola FEMSA were Ps. 192, Ps. 3 and Ps. (157), respectively. For the year ended December 31, 2022, 2021 and 2020, the Company’s share of other comprehensive income from equity investees, net of taxes are as follows: 2022 2021 2020 Items that may be reclassified to consolidated net income: Valuation of the effective portion of derivative financial instruments Ps. (286) Ps. 32 Ps. (14) Exchange differences on translating foreign operations 2,655 2,893 (5,934) Total Ps. 2,369 Ps. 2,925 Ps. (5,948) Items that may not be reclassified to consolidated net income in subsequent periods: Remeasurements of the net defined benefit liability Ps. 267 Ps. 590 Ps. (111)

Property, Plant and Equipment

Property, Plant and Equipment	12 Months Ended
	Dec. 31, 2022
Property, plant and equipment [abstract]
Property, Plant and Equipment	Property, Plant and Equipment Cost Land Buildings Machinery and Equipment Refrigeration Equipment Returnable Bottles Investments in Fixed Assets in Progress Leasehold Improvements Other Total Cost as of January 1,2020 Ps. 9,682 Ps. 26,794 Ps. 82,646 Ps. 17,301 Ps. 16,152 Ps. 9,601 Ps. 25,291 Ps. 793 Ps. 188,260 Additions (1) 241 616 5,277 137 2,613 6,979 2,611 185 18,659 Additions from business acquisitions 158 — 200 — — 3 46 81 488 Changes in the fair value of past acquisitions — — 59 — — — — — 59 Transfer of completed projects in progress 4 809 3,471 1,192 57 (5,644) 110 1 — Transfer (to)/from assets classified as held for sale — — 449 — — — — — 449 Disposals (13) (122) (3,358) (1,073) (561) (12) (808) (58) (6,005) Specialty's disposal — — (775) — — (24) (1,036) — (1,835) Effects of changes in foreign exchange rates (238) (1,135) (2,233) (797) (629) (339) 310 (97) (5,158) Effects on the recognition of inflation effects 88 293 990 189 291 (30) 3 — 1,824 Cost as of December 31, 2020 Ps. 9,922 Ps. 27,255 Ps. 86,726 Ps. 16,949 Ps. 17,923 Ps. 10,534 Ps. 26,527 Ps. 905 Ps. 196,741 Cost as of January 1, 2021 Ps. 9,922 Ps. 27,255 Ps. 86,726 Ps. 16,949 Ps. 17,923 Ps. 10,534 Ps. 26,527 Ps. 905 Ps. 196,741 Additions (1) 303 484 5,263 115 3,655 8,527 2,869 237 21,453 Additions from business acquisitions — — 86 — — — — — 86 Changes in the fair value of past acquisitions — — 55 — — — 3 — 58 Transfer of completed projects in progress 3 768 4,997 1,351 31 (7,384) 215 19 — Transfer (to)/from assets classified as held for sale — — 60 — — — (8) 4 56 Disposals (93) (205) (7,196) (1,614) (2,300) (190) (1,771) (32) (13,401) Effects of changes in foreign exchange rates (162) (657) (1,487) (556) (364) (752) (76) (82) (4,136) Effects on the recognition of inflation effects 140 464 1,580 318 487 1 — — 2,990 Cost as of December 31, 2021 Ps. 10,113 Ps. 28,109 Ps. 90,084 Ps. 16,563 Ps. 19,432 Ps. 10,736 Ps. 27,759 Ps. 1,051 Ps. 203,847 Cost Land Buildings Machinery and Equipment Refrigeration Equipment Returnable Bottles Investments in Fixed Assets in Progress Leasehold Improvements Other Total Cost as of January 1, 2022 Ps. 10,113 Ps. 28,109 Ps. 90,084 Ps. 16,563 Ps. 19,432 Ps. 10,736 Ps. 27,759 Ps. 1,051 Ps. 203,847 Additions (1) 447 774 8,239 939 4,124 15,597 2,669 397 33,184 Additions from business acquisitions 201 1,268 4,478 126 8 699 175 — 6,955 Changes in the fair value of past acquisitions — — (68) — — — 36 (18) (51) Transfer of completed projects in progress 159 1,571 4,794 2,485 645 (9,954) 290 10 — Transfer (to)/from assets classified as held for sale — — (107) — — — — — (107) Disposals (33) (259) (3,362) (1,072) (381) (290) (214) (14) (5,626) Effects of changes in foreign exchange rates (458) (1,167) (1,955) (1,276) (1,707) (589) 641 (165) (6,677) Effects on the recognition of inflation effects 222 735 2,903 536 849 7 — (2) 5,250 Cost as of December 31, 2022 Ps. 10,651 Ps. 31,030 Ps. 105,004 Ps. 18,300 Ps. 22,970 Ps. 16,204 Ps. 31,356 Ps. 1,259 Ps. 236,775 (1) Total includes Ps. 2,278, Ps. 3,784 and Ps. 289 outstanding payment to suppliers, as of December 31, 2022, 2021 and 2020 respectively. (2) Investments in fixed assets in progress are expected to be completed and transferred to other fixed assets categories within next twelve months. Accumulated Depreciation Land Buildings Machinery and Equipment Refrigeration Equipment Returnable Bottles Investments in Fixed Assets in Progress Leasehold Improvements Other Total Accumulated Depreciation as of January 1, 2020 Ps. — Ps. (6,898) Ps. (37,873) Ps. (8,651) Ps. (10,091) Ps. — Ps. (9,738) Ps. (496) Ps. (73,747) Depreciation for the year — (828) (8,390) (1,832) (2,779) — (2,404) (145) (16,378) Transfer to/(from) assets classified as held for sale — — (282) — — — — — (282) Disposals — 38 2,707 989 536 — 492 38 4,800 Specialty's disposal — — 625 — — — 649 — 1,274 Effects of changes in foreign exchange rates — 127 698 464 432 — (123) 170 1,768 Changes in value on the recognition of inflation effects — (82) (595) (132) (250) — (6) (5) (1,070) Accumulated Depreciation as of December 31, 2020 Ps. — Ps. (7,643) Ps. (43,110) Ps. (9,162) Ps. (12,152) Ps. — Ps. (11,130) Ps. (438) Ps. (83,635) Accumulated Depreciation Land Buildings Machinery and Equipment Refrigeration Equipment Returnable Bottles Investments in Fixed Assets in Progress Leasehold Improvements Other Total Accumulated Depreciation as of January 1, 2021 Ps. — Ps. (7,643) Ps. (43,110) Ps. (9,162) Ps. (12,152) Ps. — Ps. (11,130) Ps. (438) Ps. (83,635) Depreciation for the year — (870) (8,344) (1,795) (2,708) — (2,462) (154) (16,333) Transfer to/(from) assets classified as held for sale — — (38) — — — — — (38) Disposals — 80 5,312 1,493 2,391 4 1,649 27 10,956 Effects of changes in foreign exchange rates — 151 864 372 222 — 417 88 2,114 Changes in value on the recognition of inflation effects — (139) (946) (208) (427) — (6) (38) (1,764) Accumulated Depreciation as of December 31, 2021 Ps. — Ps. (8,421) Ps. (46,262) Ps. (9,300) Ps. (12,674) Ps. 4 Ps. (11,532) Ps. (515) Ps. (88,700) Accumulated Depreciation Land Buildings Machinery and Equipment Refrigeration Equipment Returnable Bottles Investments in Fixed Assets in Progress Leasehold Improvements Other Total Accumulated Depreciation as of January 1, 2022 Ps. — Ps. (8,421) Ps. (46,262) Ps. (9,300) Ps. (12,674) Ps. 4 Ps. (11,532) Ps. (515) Ps. (88,700) Depreciation for the year — (1,393) (9,107) (2,015) (3,234) — (2,456) (134) (18,339) Transfer to/(from) assets classified as held for sale — — 89 — — — — — 89 Disposals — 217 3,319 936 305 — 248 12 5,037 Effects of changes in foreign exchange rates — 298 745 860 1,274 — (766) 144 2,555 Changes in value on the recognition of inflation effects — (244) (2,034) (354) (745) — (5) (34) (3,416) Accumulated Depreciation as of December 31, 2022 Ps. — Ps. (9,544) Ps. (53,249) Ps. (9,873) Ps. (15,074) Ps. 4 Ps. (14,510) Ps. (528) Ps. (102,774) Carrying Amount Land Buildings Machinery and Equipment Refrigeration Equipment Returnable Bottles Investments in Fixed Assets in Progress Leasehold Improvements Other Total As of December 31, 2020 Ps. 9,922 Ps. 19,612 Ps. 43,616 Ps. 7,787 Ps. 5,771 Ps. 10,534 Ps. 15,397 Ps. 467 Ps. 113,106 As of December 31, 2021 Ps. 10,113 Ps. 19,688 Ps. 43,822 Ps. 7,263 Ps. 6,758 Ps. 10,740 Ps. 16,227 Ps. 536 Ps. 115,147 As of December 31, 2022 Ps. 10,651 Ps. 21,486 Ps. 51,755 Ps. 8,428 Ps. 7,896 Ps. 16,209 Ps. 16,846 Ps. 730 Ps. 134,001 For the years ended December 31, 2022, 2021 and 2020, the Company did not recognize any capitalization of borrowing costs.

Leases

Leases	12 Months Ended
	Dec. 31, 2022
Leases [Abstract]
Leases	Leases During 2022, the activity in the Company's right-of-use assets was as follows: Land and buildings Other (1) Total Cost as of January 1, 2022 Ps. 54,944 2,050 56,994 Additions 10,208 478 10,686 Additions from business combinations 21,414 519 21,933 Disposals (1,464) (77) (1,541) Remeasurements 6,228 494 6,722 Depreciation (9,366) (1,106) (10,472) Effects of changes in foreign exchange rates and restatement effects associated with hyperinflationary economies (211) (145) (356) Right-of-use assets, net as of December 31, 2022 Ps. 81,753 2,213 83,966 (1) Other assets mainly include transportation equipment and servers. As of December 31, 2022, the lease liabilities are integrated as follows: December 31, 2022 Maturity analysis – contractual undiscounted cash flows Less than one year Ps. 14,374 One to five years 45,562 Five to ten years 32,348 More than ten years 14,282 Total undiscounted lease liabilities on December 31 106,566 Lease liabilities included in the statement of financial position on December 31 93,317 Current 12,095 Non-Current Ps. 81,222 As December 31, 2022, the weighted average incremental borrowing rate was 9.17%. The interest expense for leases reported in the income statement for the year ended December 31, 2022 was Ps. 5,789. The expense relating to short-term leases and leases of low-value assets for the year ended December 31, 2022 was Ps. 841. For the year ended December 31, 2022, the amounts recognized in the consolidated statement of cash flows related to leases paid, including interest paid derived from leases, are Ps. 15,108 As of December 31, 2022, the accumulated amount of concessions, decreases or cancellations for rent, which arose as a direct consequence of COVID-19 were not material. The Company applied the practical expedient to all decreases that met the criteria of the amendment to IFRS 16 effective as of June 1, 2020. During 2021, the activity in the Company's right-of-use assets was as follows: Land and buildings Other (1) Total Cost as of January 1, 2021 Ps. 52,764 1,893 54,747 Additions 7,485 386 7,871 Additions from business combinations 1,440 100 1,540 Disposals (1,337) (34) (1,371) Remeasurements 3,776 188 3,964 Depreciation (8,363) (597) (8,960) Effects of changes in foreign exchange rates and restatement effects associated with hyperinflationary economies (821) 24 (797) Right-of-use assets, net as of December 31 2021 Ps. 54,944 2,050 56,994 (1) Other assets mainly include transportation equipment and servers. As of December 31, 2021, the lease liabilities are integrated as follows: December 31, 2021 Maturity analysis – contractual undiscounted cash flows Less than one year Ps. 11,428 One to five years 36,929 Five to ten years 27,580 More than ten years 13,180 Total undiscounted lease liabilities on December 31 89,117 Lease liabilities included in the statement of financial position on December 31 62,355 Current 7,306 Non-Current Ps. 55,049 As of December 31, 2021, the weighted average incremental borrowing rate was 7.77%. The interest expense for leases reported in the income statement for the year ended-December 31, 2021 and 2020 was Ps. 5,118 and Ps. 5,074, respectively. The expense relating to short-term leases and leases of low-value assets for the year ended December 31, 2021 and 2020 was Ps. 112 and Ps. 508, respectively. For the year ended December 31, 2021 and 2020, the amounts recognized in the consolidated statement of cash flows related to leases paid, including interest paid derived from leases, are Ps. 12,325 and Ps. 9,810, respectively. As of December 31, 2021, the accumulated amount of concessions, decreases or cancellations for rent, which arose as a direct consequence of COVID-19 were not material. The Company applied the practical expedient to all decreases that met the criteria of the amendment to IFRS 16 effective as of June 1, 2020. 12.1 Land and buildings leases The Company leases land for construction of its retail stores mainly and some buildings for its office space. The leases of retail stores typically run for an average useful life of 15 years, and leases of office space for three Some leases provide for additional rent payments that are based on changes in the National Consumer and Price Index, or sales that the Company makes at the leased store in the period. Variable lease payments based on sales Some leases of retail stores contain variable lease payments that are based on sales that the Company makes at the store. Variable rental payments were not significant for the year ended December 31, 2022 and 2021. The Company expects the relative proportions of fixed and variable lease payments to remain broadly consistent in future years. Extension options Some leases of office buildings, cellars and retail stores contain extension options exercisable by the Company up to one year before the end of the non-cancellable contract period. Where practicable, the Company seeks to include extension options in new leases to provide operational flexibility. The extension options held are exercisable only by FEMSA and not by the lessor, in other words, the lessee has the unilateral right to exercise the extension option. The Company assesses at lease commencement whether it is reasonably certain to exercise the extension options. FEMSA reassesses whether it is reasonably certain to exercise the options if there is a significant event or significant change in circumstances within its control. Except for some business units, FEMSA considers that the “reasonably certain” criteria are met when a new lease contract is signed by both the Company and the lessor, which usually occurs within a short period of the expiration of the current lease term. Extension options on leases do not represent a significant impact on the right-of-use assets on December 31, 2022 and 2021. 12.2 Other leases The Company leases vehicles, servers and equipment, with lease terms from three FEMSA also leases IT equipment and machinery with contract terms from one

Intangible Assets

Intangible Assets	12 Months Ended
	Dec. 31, 2022
Intangible assets other than goodwill [abstract]
Intangible Assets	Intangible Assets Rights to Goodwill Trademark Rights Other Total Unamortized Intangible Technology Costs and Management Systems Customer Relationships (1) Alcohol Other Total Amortized Intangible Total Intangible Cost as of January 1, 2020 Ps. 81,255 Ps. 47,907 Ps. 6,600 Ps. 1,702 Ps. 137,464 Ps. 9,566 Ps. 2,012 Ps. 1,829 Ps. 2,531 Ps. 15,938 Ps. 153,402 Additions 1 — — — 1 771 — 111 604 1,486 1,487 Acquisitions from business combinations (see Note 4) — 12,080 2,101 — 14,181 26 8,596 — 1 8,623 22,804 Changes in fair value of past acquisitions — (1,086) 285 — (801) — 745 — 22 767 (34) Transfer of completed development systems — — — — — 398 — — (398) — — Disposals — (183) (116) (311) (610) (164) — (43) (378) (585) (1,195) Specialty's disposal — (1,194) (215) (11) (1,420) — — — (5) (5) (1,425) Effect of movements in exchange rates (4,067) (4,704) (8) (4) (9,323) 276 (1,503) — (65) (1,292) (10,615) Changes in value on the recognition of inflation effects — — — — — — — — 38 38 38 Cost as of December 31, 2020 Ps. 76,649 Ps. 52,820 Ps. 8,647 Ps. 1,376 Ps. 139,492 Ps. 10,873 Ps. 9,850 Ps. 1,897 Ps. 2,350 Ps. 24,970 Ps. 164,462 Rights to Goodwill Trademark Rights Other Total Unamortized Intangible Technology Costs and Management Systems Customer Relationships (1) Alcohol Other Total Amortized Intangible Total Intangible Cost as of January 1, 2021 Ps. 76,649 Ps. 52,820 Ps. 8,647 Ps. 1,376 Ps. 139,492 Ps. 10,873 Ps. 9,850 Ps. 1,897 Ps. 2,350 Ps. 24,970 Ps. 164,462 Additions 2 — — 127 129 1,140 — 145 1,103 2,388 2,517 Acquisitions from business combinations (see Note 4) — 7,940 65 — 8,005 — 873 — 1 874 8,879 Transfer of completed development systems — — — — — 262 — — (262) — — Disposals — (12) — (10) (22) (973) — (36) (102) (1,111) (1,133) Effect of movements in exchange rates (1,255) (2,303) (584) (80) (4,222) (641) 77 — (682) (1,246) (5,468) Changes in value on the recognition of inflation effects — — — — — — — — 62 62 62 Impairment — (1,094) (55) — (1,149) — — — — — (1,149) Cost as of December 31, 2021 Ps. 75,396 Ps. 57,351 Ps. 8,073 Ps. 1,413 Ps. 142,233 Ps. 10,661 Ps. 10,800 Ps. 2,006 Ps. 2,470 Ps. 25,937 Ps. 168,170 (1) Includes customer relationships related to the acquisitions through Envoy Solutions disclosed in Note 4. Rights to Goodwill Trademark Rights Other Total Unamortized Intangible Technology Costs and Management Systems Customer Relationships (1) Alcohol Other Total Amortized Intangible Total Intangible Cost as of January 1, 2022 Ps. 75,396 Ps. 57,351 Ps. 8,073 Ps. 1,413 Ps. 142,233 Ps. 10,661 Ps. 10,800 Ps. 2,006 Ps. 2,470 Ps. 25,937 Ps. 168,170 Additions — 22 — 12 34 672 — 50 1,476 2,198 2,232 Acquisitions from business combinations (see Note 4) 1,116 33,715 1,077 — 35,908 373 — — 1,054 1,427 37,335 Changes in fair value of past acquisitions — (2,557) — — (2,557) — 2,955 — — 2,955 398 Internal developments — — — — — 10 — — — 10 10 Transfer of completed development systems — — — — — 65 — (50) (15) — — Disposals — — — (2) (2) (891) (3) (29) — (923) (925) Effect of movements in exchange rates (756) (2,057) (106) (158) (3,077) 15 (264) — 466 217 (2,860) Changes in value on the recognition of inflation effects — — — — — — — — 80 80 80 Impairment — (770) — — (770) — — — — — (770) Cost as of December 31, 2022 Ps. 75,756 Ps. 85,704 Ps. 9,044 Ps. 1,265 Ps. 171,769 Ps. 10,905 Ps. 13,488 Ps. 1,977 Ps. 5,531 Ps. 31,901 Ps. 203,670 (1) Includes customer relationships related to the acquisitions through Envoy Solutions disclosed in Note 4 . Amortization and Impairment Losses Rights to Goodwill Trademark Rights Other Total Unamortized Intangible Technology Costs and Management Systems Customer Relationships Alcohol Other Total Amortized Intangible Total Intangible Amortization as of January 1 2020 Ps. — Ps. — Ps. — Ps. — Ps. — Ps. (5,174) Ps. (393) Ps. (637) Ps. (636) Ps. (6,840) Ps. (6,840) Amortization expense — — — — — (1,537) (467) (99) (362) (2,465) (2,465) Disposals — — — — — 129 — — 48 177 177 Effect of movements in exchange rates — — — — — 142 32 — 21 195 195 Changes in value on the recognition of inflation effects — — — — — (29) 1 — — (28) (28) Amortization as of December 31 2020 Ps. — Ps. — Ps. — Ps. — Ps. — Ps. (6,469) Ps. (827) Ps. (736) Ps. (929) Ps. (8,961) Ps. (8,961) Amortization as of January 1 2021 Ps. — Ps. — Ps. — Ps. — Ps. — Ps. (6,469) Ps. (827) Ps. (736) Ps. (929) Ps. (8,961) Ps. (8,961) Amortization expense — — — — — (1,473) (791) (102) (328) (2,694) (2,694) Disposals — — — — — 789 — — 101 890 890 Effect of movements in exchange rates — — — — — 792 10 — (15) 787 787 Changes in value on the recognition of inflation effects — — — — — (53) — — (1) (54) (54) Amortization as of December 31 2021 Ps. — Ps. — Ps. — Ps. — Ps. — Ps. (6,414) Ps. (1,608) Ps. (838) Ps. (1,172) Ps. (10,032) Ps. (10,032) Amortization as of January 1 2022 Ps. — Ps. — Ps. — Ps. — Ps. — Ps. (6,414) Ps. (1,608) Ps. (838) Ps. (1,172) Ps. (10,032) Ps. (10,032) Amortization expense — — — — — (1,312) (915) (104) (365) (2,696) (2,696) Disposals — — — — — 992 157 3 — 1,152 1,152 Effect of movements in exchange rates — — — — — (193) (786) — (248) (1,227) (1,227) Changes in value on the recognition of inflation effects — — — — — (94) — — (1) (95) (95) Amortization as of December 31 2022 Ps. — Ps. — Ps. — Ps. — Ps. — Ps. (7,021) Ps. (3,152) Ps. (939) Ps. (1,786) Ps. (12,898) Ps. (12,898) Carrying Amount Rights to Goodwill Trademark Rights Other Total Unamortized Intangible Technology Costs and Management Systems Customer Relationships Alcohol Other Total Amortized Intangible Total Intangible As of December 31 2020 Ps. 76,649 Ps. 52,820 Ps. 8,647 Ps. 1,376 Ps. 139,492 Ps. 4,404 Ps. 9,023 Ps. 1,161 Ps. 1,421 Ps. 16,009 Ps. 155,501 As of December 31 2021 Ps. 75,396 Ps. 57,351 Ps. 8,073 Ps. 1,413 Ps. 142,233 Ps. 4,247 Ps. 9,192 Ps. 1,168 Ps. 1,298 Ps. 15,905 Ps. 158,138 As of December 31 2022 Ps. 75,756 Ps. 85,704 Ps. 9,044 Ps. 1,265 Ps. 171,769 Ps. 3,884 Ps. 10,336 Ps. 1,038 Ps. 3,745 Ps. 19,003 Ps. 190,772 For the years ended December 31, 2022, 2021 and 2020, the Company did not recognize any capitalization of borrowing costs. For the years ended December 31, 2022, 2021 and 2020, allocation for amortization expense is as follows: 2022 2021 2020 Cost of goods sold Ps. 207 Ps. 254 Ps. 288 Administrative expenses 1,771 1,630 1,412 Selling expenses 718 810 765 Ps. 2,696 Ps. 2,694 Ps. 2,465 The average remaining period for the Company’s intangible assets that are subject to amortization is as follows: Years Technology Costs and Management Systems 2 - 10 Customer Relationships 10 - 25 Alcohol Licenses 12 Coca-Cola FEMSA Impairment Tests for cash-generating Units Containing Goodwill and Distribution Rights For the purpose of impairment testing, goodwill and distribution rights are allocated and monitored on an individual country basis, which is considered to be the CGU. The aggregate carrying amounts of goodwill and distribution rights allocated to each CGU are as follows: December 31, 2022 December 31, 2021 Mexico Ps. 56,587 Ps. 56,352 Guatemala 1,691 1,735 Nicaragua 404 438 Costa Rica 1,418 1,407 Panama 1,170 1,238 Colombia 3,051 3,798 Brazil 31,753 30,608 Argentina 426 395 Uruguay 2,512 2,332 Total Ps. 99,012 Ps. 98,303 Goodwill and distribution rights are tested for impairments annually. The recoverable amounts of the CGUs are based on value-in-use calculations. Value in use was determined by discounting the future cash flows generated from the continuing use of the CGU. The foregoing forecasts reflect the outcomes that Coca-Cola FEMSA considers most likely to occur based on the current situation of each of the CGUs including the macroeconomic situation in each CGU, the foregoing forecasts could differ from the results obtained over time. The value in use of CGUs is determined based on the method of discounted cash flows. The key assumptions used to calculate value in use are: volume, expected annual long-term inflation, and the WACC used to discount the projected flows. To determine the discount rate, Coca-Cola FEMSA uses the WACC as determined for each of the cash generating units in real terms and as described in following paragraphs. The estimated discount rates to perform the impairment test for each CGU considers market participants’ assumptions. Market participants were selected considering the size, operations and characteristics of the business that are similar to those of Coca-Cola FEMSA. The discount rates represent the current market assessment of the risks specific to each CGU, taking into consideration the time value of money and individual risks of the underlying assets that have not been incorporated into the projected cash flows. The discount rate calculation is based on the opportunity cost to a market participant, considering the specific circumstances of Coca-Cola FEMSA and its operating segments and is derived from its WACC. The WACC takes into account both debt and equity. The cost of equity is derived from the expected return on investment by Coca-Cola FEMSA’s investors. The cost of debt is based on the interest-bearing borrowings Coca-Cola FEMSA is obliged to service, which is equivalent to the cost of debt based on the conditions that a creditor would assess in the market. Segment-specific risk is incorporated by applying beta factors which are evaluated annually based on publicly available market data. Market participant assumptions are important because, not only do they include industry data for growth rates, management also assesses how the CGU’s position, relative to its competitors, might change over the forecasted period. The key assumptions used for the value-in-use calculations are as follows : • Cash flows were projected based on actual operating results and the five-year business plan. • A WACC for each CGU was applied as a hurdle rate to discount cash flows to get the recoverable amount of the units; the calculation assumes size premium adjustments. The key assumptions by CGU for impairment testing as of December 31, 2022 were as follows: CGU Pre-tax WACC Post-tax WACC Expected Annual Long-Term Inflation Expected 2023‑2027 2023‑2027 Mexico 9.5 % 6.5 % 4.3 % 2.4 % Brazil 11.6 % 7.2 % 3.9 % 4.3 % Colombia 13.9 % 8.0 % 3.9 % 9.5 % Argentina 27.8 % 19.8 % 68.0 % 4.5 % Guatemala 10.2 % 7.6 % 4.4 % 14.8 % Costa Rica 15.4 % 10.2 % 3.3 % 6.4 % Nicaragua 24.6 % 11.8 % 4.1 % 6.0 % Panama 11.0 % 8.3 % 2.2 % 4.0 % Uruguay 10.2 % 7.4 % 5.7 % 4.0 % The key assumptions by CGU for impairment testing as of December 31, 2021 were as follows: Pre-tax WACC Post-tax WACC Expected Annual Expected CGU 2022‑2026 2022‑2026 Mexico 6.8 % 4.9 % 3.7 % 2.8 % Brazil 9.1 % 5.8 % 3.3 % 7.7 % Colombia 8.7 % 5.8 % 3.0 % 8.4 % Argentina 19.7 % 14.5 % 35.9 % 5.4 % Guatemala 7.9 % 6.1 % 4.2 % 10.7 % Costa Rica 13.5 % 9.2 % 3.1 % 6.5 % Nicaragua 18.3 % 10.6 % 4.3 % 6.4 % Panama 8.5 % 6.5 % 2.2 % 7.0 % Uruguay 8.5 % 6.1 % 5.0 % 4.0 % Sensitivity to Changes in Assumptions On December 31, 2022, Coca-Cola FEMSA performed an additional impairment sensitivity calculation, taking into account an adverse change in post-tax WACC, according to the country risk premium, using for each country the relative standard deviation between equity and sovereign bonds and an additional sensitivity to the volume of 100 basis points and concluded that no impairment would be recorded. CGU Change in WACC Change in Volume Growth CAGR (1) Effect on Valuation Mexico +0.3 p.p. -1.0 % Passes by 4.2x Brazil +0.5 p.p. -1.0 % Passes by 2.6x Colombia +0.5 p.p. -1.0 % Passes by 2.0x Argentina +1.9 p.p. -1.0 % Passes by 8.6x Guatemala +0.4 p.p. -1.0 % Passes by 42.9x Costa Rica +0.6 p.p. -1.0 % Passes by 2.6x Nicaragua +0.8 p.p. -1.0 % Passes by 1.0x Panama +0.3 p.p. -1.0 % Passes by 5.8x Uruguay +0.2 p.p. -1.0 % Passes by 3.9x (1) Compound Annual Growth Rate (“CAGR”). The values assigned to the key assumptions represent management’s assessment of future trends in the industry and are based on both external sources and internal sources (historical data). Coca-Cola FEMSA consistently applied its methodology to determine CGU specific WACC’s to perform its annual impairment testing. Health Division Impairment Test for cash-generating Units Containing Goodwill For the purpose of impairment testing, goodwill is allocated and monitored on an individual country basis by operating segment. The Company has integrated its cash-generating units as follows: (i) Health Division are integrated as Mexico, Chile, Colombia and Ecuador for each of them. As of December 31, 2022 in Health Division there is a significant carrying amount of goodwill allocated in Chile and Colombia as a cash generating unit (South America) with a total carrying amount of Ps. 6,422. The recoverable amounts are based on the value in use. The value in use of CGUs is determined based on the method of discounted cash flows. The key assumptions used in projecting cash flows are: sales, expected annual long-term inflation, and the WACC used to discount the projected cash flows. The cash flow forecasts could differ from the results obtained over time; however, the Company prepares its estimates based on the current situation of each of the CGUs or group of CGUs. To determine the discount rate, the Company uses the WACC as determined for each of the cash generating units or group of the cash-generating units in real terms and as described in the following paragraphs. The discount rates represent the current market assessment of the risks specific to each CGU or group of CGUs, taking into consideration the time value of money and individual risks of the underlying assets that have not been incorporated in the cash flow estimates. The discount rate calculation is based on the opportunity cost to a market participant, considering the specific circumstances of the Company and its operating segments and is derived from its WACC. Market participant assumptions are important because, not only do they include industry data for growth rates, management also assesses how the CGU’s position, relative to its competitors, might change over the forecasted period. The key assumptions used for the value-in-use calculations are as follows: • Cash flows were projected based on actual operating results and the five-year business plan. The Company believes that this forecasted period is justified due to the non-current nature of the business and past experiences. • Cash flows projected based on actual operating results and five-year business plan were calculated using a perpetual growth rate equal to the expected annual population growth, to calculate the terminal recoverable amount. • A per CGU-specific WACC was applied by Health Division as a hurdle rate to discount cash flows to get the recoverable amount of the units; the calculation assumes size premium adjustments. The key assumptions by CGU for impairment test as of December 31, 2022 were as follows: CGU Pre-tax WACC Post-tax WACC Expected Annual Expected Volume Growth Rates 2023‑2027 South America 9.3 % 6.5 % 4.9 % 0.6 % (Health Division) . The key assumptions by CGU for impairment test as of December 31, 2021 were as follows: CGU Pre-tax WACC Post-tax WACC Expected Annual Expected Volume Growth Rates 2022‑2026 South America 7.3 % 5.3 % 3.4 % 0.3 % (Health Division) The values assigned to the key assumptions represent management’s assessment of future trends in the industry and are based on both external sources and internal sources (historical data). The Company consistently applied its methodology to determine CGU specific WACCs to perform its annual impairment testing. Sensitivity to Changes in Assumptions On December 31, 2022, the Company performed an additional impairment sensitivity calculation, taking into account an adverse change in post-tax WACC, according to the country risk premium, using for each country the relative standard deviation between equity and sovereign bonds and a sensitivity analysis of sales that would be affected considering a contraction in economic conditions as a result of lower purchasing power of customers, which based on management estimation considered to be reasonably possible an effect of 50 basis points in the sale’s CAGR, concluding that no impairment would be recognized. CGU Change in WACC Change in Sales Growth CAGR (1) Effect on Valuation Health Division (South America) 0.0 p.p. (0.5) % Passes by 1.41x (1) Compound Annual Growth Rate (“CAGR”). Envoy Solutions Impairment Test for Cash-Generating Units Containing Goodwill and trademark rights. For impairment testing, goodwill and trademark rights are allocated and monitored on an individual country basis, which is considered to be a CGU. The Company has integrated its cash-generating units as a specialized distribution platform for cleaning products and consumables, located in the United States. As of December 31, 2022 in specialized distribution there is a significant carrying amount of final allocated goodwill and trademark rights as a cash-generating unit with a total carrying amount of Ps. 15,549. Goodwill and trademark rights are tested for impairments annually. The recoverable amounts are based on the value in use. The value in use of CGUs is determined based on the method of discounted cash flows. The key assumptions used in projecting cash flows are: sales, expected annual long-term inflation, and the WACC used to discount the projected cash flows. The cash flow forecasts could differ from the results obtained over time; however, the Company prepares its estimates based on the current situation of each of the CGUs or group of CGUs. To determine the discount rate, the Company uses the WACC as determined for each of the cash generating units or group of the cash generating units in real terms and as described in following paragraphs. The discount rates represent the current market assessment of the risks specific to each CGU or group of CGUs, taking into consideration the time value of money and individual risks of the underlying assets that have not been incorporated in the cash flow estimates. The discount rate calculation is based on the opportunity cost to a market participant, considering the specific circumstances of the Company and its operating segments and is derived from its WACC. Market participant assumptions are important because, not only do they include industry data for growth rates, management also assesses how the CGU’s position, relative to its competitors, might change over the forecasted period. The key assumptions used for the value-in-use calculations are as follows: • Cash flows were projected based on actual operating results and the five-year business plan. The Company believes that this forecasted period is justified due to the non-current nature of the business and past experiences. • Cash flows projected based on actual operating results and five-year business plan were calculated using a perpetual growth rate equal to the expected annual population growth, to calculate the terminal recoverable amount. • A per CGU-specific WACC was applied by specialized distribution as a hurdle rate to discount cash flows to get the recoverable amount of the units; the calculation assumes size premium adjustments. The key assumptions by CGU for impairment test as of December 31, 2022 were as follows: CGU Pre-tax WACC Post-tax WACC Expected Annual Long-Term Inflation 2023‑2027 Expected Volume Growth Rates 2023‑2027 United States 7.1 % 5.5 % 3.5 % 1.3 % (Specialized Distribution) The key assumptions by CGU for impairment test as of December 31, 2021 were as follows: CGU Pre-tax WACC Post-tax WACC Expected Annual Long-Term Inflation 2022‑2026 Expected Volume Growth Rates 2022‑2026 United States 5.7 % 4.9 % 2.4 % 2.0 % (Specialized Distribution) The values assigned to the key assumptions represent management’s assessment of future trends in the industry and are based on both external sources and internal sources (historical data). The Company consistently applied its methodology to determine CGU specific WACC’s to perform its annual impairment testing. Sensitivity to Changes in Assumptions On December 31, 2022, the Company performed an additional impairment sensitivity calculation, taking into account an adverse change in post-tax WACC, according to the country risk premium, using for each country the relative standard deviation between equity and sovereign bonds and sensitivity analysis of sales that would be affected considering a contraction in economic conditions as a result of lower purchasing power of customers, which based on management estimation considered to be reasonably possible an effect of 50 basis points in the sale’s CAGR, concluding that no impairment would be recognized. CGU Change in Sales Growth CAGR (1) Effect on Valuation United States (Specialized Distribution) (0.5) % Passes by 1.76x —————————— (1) Compound Annual Growth Rate (“CAGR”).

Other Non-Current Assets and Ot

Other Non-Current Assets and Other Non-Current Financial Assets	12 Months Ended
	Dec. 31, 2022
Non-current assets [abstract]
Other Non-Current Assets and Other Non-Current Financial Assets	Other Non-Current Assets and Other Non-Current Financial Assets 14.1 Other non-current assets December 31, 2022 December 31, 2021 Agreement with customers Ps. 771 Ps. 759 Long-term prepaid advertising expenses 184 213 Guarantee deposits (1) 1,612 1,532 Prepaid bonuses 327 283 Advances to acquire property, plant and equipment 981 460 Recoverable taxes 1,844 1,687 Indemnifiable assets from business combinations (2) 1,555 1,554 Others 1,984 912 Ps. 9,258 Ps. 7,400 (1) As it is customary in Brazil, the Company is required to guarantee tax, legal and labor contingencies by guarantee deposits including those related to business acquisitions. See Note 26.7. (2) Corresponds to indemnification assets that are warranted by former Vonpar owners in accordance with the share purchase agreement. 14.2 Other non-current financial assets December 31, 2022 December 31, 2021 Non-current accounts receivable Ps. 1,686 Ps. 1,245 Derivative financial instruments (see Note 21) 3,520 16,710 Others 923 674 Other investments in equity instruments (1) 17,681 22,442 Ps. 23,810 Ps. 41,071 (1) Corresponds to the acquisition of a minority stake in Jetro Restaurant Depot as of November 8, 2019. On October 9, 2020, the Company acquired an additional minority stake in Jetro. Refer to Note 3.7.3. As of December 31, 2022 and 2021, non-current accounts receivable includes mainly receivables measured at its fair value for to Ps. 1,623 and Ps. 1,178, respectively. The fair value is calculated based on the discounted value of contractual cash flows whereby the discount rate is estimated using rates currently offered for receivables of similar amounts and maturities, which is considered to be level 2 in the fair value hierarchy.

Balances and Transactions with

Balances and Transactions with Related Parties and Affiliated Companies	12 Months Ended
	Dec. 31, 2022
Related party transactions [abstract]
Balances and Transactions with Related Parties and Affiliated Companies	Balances and Transactions with Related Parties and Affiliated Companies Balances and transactions between the Company and its subsidiaries have been eliminated on consolidation and are not disclosed in this note. The consolidated statements of financial position and consolidated income statements include the following balances and transactions with related parties and affiliated companies: December 31, 2022 December 31, 2021 Balances Due from The Coca-Cola Company (see Note 7) (1) (6) Ps. 776 Ps. 820 Balance with BBVA Bancomer, S.A. de C.V. (2) 3,891 8,076 Balance with Grupo Scotiabank Inverlat, S.A. (2) 2,350 6,585 Due from Heineken Group (1) (5) 2,455 2,001 Other receivables (1) 114 190 Due to The Coca-Cola Company (4) (6) Ps. 1,248 Ps. 1,444 Due to BBVA Bancomer, S.A. de C.V. (3) 2,317 1,847 Due to Heineken Group (4) (5) 3,214 3,144 Due to Grupo Financiero Scotiabank Inverlat, S.A. (4) 65 132 Other payables (4) 2,711 1,557 (1) Presented within trade receivables. (2) Presented within cash and cash equivalents. (3) Recorded within bank loans and notes payable. (4) Recorded within trade payables. (5) Associates. (6) Non-controlling interest. Balances due from related parties are considered to be recoverable. Accordingly, for the years ended December 31, 2022, 2021 and 2020, there was no expense resulting from uncollectible balances due from related parties. Transactions 2022 2021 2020 Income: Services to Heineken Group (1) Ps. 3,796 Ps. 2,530 Ps. 3,181 Logistic services to Jugos del Valle (1) 552 514 532 Interest revenues from BBVA Bancomer, S.A. de C.V . (3) 2,297 2,146 1,825 Interest revenues from Grupo Financiero Scotiabank Inverlat, S.A . (3) 455 302 295 Other revenues from related parties 963 814 764 Expenses: Purchase of concentrate from The Coca-Cola Company (2) Ps. 43,717 Ps. 37,213 Ps. 32,222 Purchases of beer from Heineken Group (1) 16,006 19,552 23,233 Purchase of baked goods and snacks from Grupo Bimbo, S.A.B. de C.V. (3) 6,101 4,417 5,774 Advertisement expense paid to The Coca-Cola Company (2) (4) 545 1,482 865 Purchase of juices from Jugos del Valle, S.A.P.I. de C.V . (1) 4,990 4,102 4,055 Purchase of sugar from Promotora Industrial Azucarera, S.A. de C.V. (1) 2,841 2,213 2,123 Interest expense and fees paid to BBVA Bancomer, S.A. de C.V. (3) 472 72 232 Purchase of sugar from Beta San Miguel (1) 724 938 1,023 Purchase of canned products from IEQSA (1) 577 234 226 Purchases to AdeS Alimentos y Bebidas (1) — — 338 Purchase of inventories to Leao Alimentos e Bebidas, L.T.D.A. (1) 215 1,320 1,253 Purchases of Material with Ecolab, Inc (3) 99 450 340 Advertising paid to Grupo Televisa, S.A.B . (3) 123 167 148 Insurance premiums for policies with Grupo Nacional Provincial, S.A.B . (3) 10 1 7 Donations to Fundación FEMSA, A.C. (3) 232 144 171 Donations to Difusión y Fomento Cultural, A.C. (3) 20 32 55 Donations to ITESM (3) 371 208 310 Purchases of resine to IMER (1) 504 416 308 Other expenses with related parties 57 206 311 (1) Associates. (2) Non-controlling interest. (3) Members of the board of directors in FEMSA participate in the board of directors of this entity. (4) Net of the contributions from The Coca-Cola Company of Ps. 1,170, Ps. 2,437 and Ps. 1,482, for the years ended in 2022, 2021 and 2020, respectively. Commitments with related parties Related Party Commitment Conditions Heineken Group Supply Supply of all beer products in Mexico’s OXXO stores. The contract may be renewed for five years or additional periods. At the end of the contract OXXO will not hold an exclusive contract with another supplier of beer for the next 3 years. Commitment term, January 1st, 2010 to June 30, 2020. On February 26, 2019, the Company through its subsidiary Cadena Comercial OXXO, S.A. de C.V. (“OXXO”) signed an agreement with HEINEKEN Group (“Cervezas Cuauhtémoc Moctezuma, S.A. de C.V.”) and both companies agreed to an extension of their existing commercial relationship with certain important changes. Under the terms of the agreement, signed in April 2019 and following a gradual process, OXXO started selling the beer brands of Grupo Modelo in certain regions of Mexico, covering the entire Mexican territory by the end of 2022. The aggregate compensation paid to executive officers and senior management of the Company were as follows: 2022 2021 2020 Short-term employee benefits paid Ps. 2,381 Ps. 1,934 Ps. 2,112 Postemployment benefits 53 52 45 Termination benefits 63 36 373 Share-based payments 866 853 575

Balances and Transactions in Fo

Balances and Transactions in Foreign Currencies	12 Months Ended
	Dec. 31, 2022
Balances and Transactions in Foreign Currencies [Abstract]
Balances and Transactions in Foreign Currencies	Balances and Transactions in Foreign Currencies Assets, liabilities and transactions denominated in foreign currencies are those realized in a currency different than the functional currency of the Company. For the three years ended on December 31, 2022, 2021 and 2020, the assets, liabilities and transactions denominated in foreign currencies, expressed in Mexican pesos (contractual amounts) are as follows: Assets Liabilities Balances Short-Term Long-Term Short-Term Long- Term As of December 31, 2022 U.S. dollars Ps. 40,557 Ps. 978 Ps. 11,049 Ps. 111,962 Euros 34 — 400 24,782 Other currencies 46 1,358 6 — Total Ps. 40,637 Ps. 2,336 Ps. 11,455 Ps. 136,744 As of December 31, 2021 U.S. dollars Ps. 74,994 Ps. 983 Ps. 6,310 Ps. 125,447 Euros 74 — 355 27,896 Other currencies 46 1,325 557 — Total Ps. 75,114 Ps. 2,308 Ps. 7,222 Ps. 153,343 Transactions Revenues Other Operating Revenues Purchases of Raw Materials Interest Expense Consulting Fees Asset Acquisitions Other For the year ended December 31, 2022 U.S. dollars Ps. 6,373 Ps. 2,080 Ps. 25,247 Ps. 2,411 Ps. 1,011 Ps. 44 Ps. 4,245 Euros 651 1 253 226 11 3 779 Other currencies — — — — 16 — — Total Ps. 7,024 Ps. 2,081 Ps. 25,500 Ps. 2,637 Ps. 1,038 Ps. 47 Ps. 5,024 For the year ended December 31, 2021 U.S. dollars Ps. 4,261 Ps. 2,107 Ps. 20,009 Ps. 3,466 Ps. 826 Ps. 180 Ps. 2,908 Euros 14 — 81 1,371 16 8 1 Other currencies 7 14 — — 1 — 64 Total Ps. 4,282 Ps. 2,121 Ps. 20,090 Ps. 4,837 Ps. 843 Ps. 188 Ps. 2,973 For the year ended December 31, 2020 U.S. dollars Ps. 4,213 Ps. 1,478 Ps. 16,398 Ps. 13,660 Ps. 480 Ps. 79 Ps. 2,413 Euros — — 35 — 20 — 1 Other currencies 125 52 3 532 3 — 103 Total Ps. 4,338 Ps. 1,530 Ps. 16,436 Ps. 14,192 Ps. 503 Ps. 79 Ps. 2,517 Mexican peso exchange rates effective at the dates of the consolidated statements of financial position and the issuance date of the Company’s consolidated financial statements were as follows: December 31, April 14, 2022 2021 2023 U.S. dollar 19.3615 20.5835 18.0638 Euro 20.7810 23.2753 19.9740

Employee Benefits

Employee Benefits	12 Months Ended
	Dec. 31, 2022
Employee Benefits [Abstract]
Employee Benefits	Employee Benefits The Company has various labor liabilities for employee benefits in connection with pension, seniority and post-retirement medical benefits. Benefits vary depending upon the country where the individual employees are located. Presented below is a discussion of the Company’s labor liabilities in Mexico, which comprise the substantial majority of those recorded in the consolidated financial statements. 17.1 Assumptions The Company annually evaluates the reasonableness of the assumptions used in its labor liability for post-employment and other non-current employee benefits computations. Actuarial calculations for pension and retirement plans, seniority premiums and post-retirement medical benefits, as well as the associated cost for the period, were determined using the following long-term assumptions for Mexico: Mexico December 31, 2022 December 31, 2021 December 31, 2020 Financial: Discount rate used to calculate the defined benefit obligation 9.90 % 8.00 % 7.20 % Salary increase 4.75 % 4.50 % 4.50 % Future pension increases 3.75 % 3.50 % 3.50 % Healthcare cost increase rate 6.00 % 5.10 % 5.10 % Biometric: Mortality (1) EMSSA 2009 EMSSA 2009 EMSSA 2009 Disability (2) IMSS 97 IMSS‑97 IMSS 97 Normal retirement age 60 YEARS 60 YEARS 60 YEARS Employee turnover table (3) BMAR 2007 BMAR 2007 BMAR 2007 Measurement date December: (1) EMSSA. Mexican Experience of social security. (2) IMSS. Mexican Experience of Instituto Mexicano del Seguro Social. (3) BMAR. Actuary experience. In Mexico, the methodology used to determine the discount rate was the Yield or Internal Rate of Return (IRR) which involve a yield curve. In this case, the expected rates for each period were taken from a yield curve of Mexican Federal Government Treasury Bonds (known as CETES in Mexico) because there is no deep market in high-quality corporate obligations in Mexican pesos. In Mexico upon retirement, the Company purchases an annuity for the employee, which will be paid according to the option chosen by the employee. Based on these assumptions, the amounts of benefits expected to be paid out in the following years are as follows: Pension and Retirement Plans Seniority Premiums Post-Retirement Medical Services Total 2023 Ps. 747 Ps. 266 Ps. 21 Ps. 1,034 2024 345 205 22 572 2025 419 192 24 635 2026 414 185 25 624 2027 509 182 28 719 2028 to 2032 3,118 928 191 4,237 17.2 Balances of the liabilities for employee benefits December 31, 2022 December 31, 2021 Pension and Retirement Plans: Defined benefit obligation Ps. 15,113 Ps. 8,015 Pension plan funds at fair value (14,324) (2,952) Effect due to asset ceiling 3,851 — Net defined benefit liability Ps. 4,640 Ps. 5,063 Seniority Premiums: Defined benefit obligation Ps. 2,068 Ps. 2,108 Seniority premium plan funds at fair value (128) (133) Net defined benefit liability Ps. 1,940 Ps. 1,975 Postretirement Medical Services: Defined benefit obligation Ps. 556 Ps. 647 Medical services funds at fair value (88) (85) Net defined benefit liability Ps. 468 Ps. 562 Total Employee Benefits Ps. 7,048 Ps. 7,600 17.3 Trust assets Trust assets consist of fixed and variable return financial instruments recorded at fair value (Level 1), which are invested as follows: 2022 2021 Fixed return: Traded securities 2 % 17 % Bank instruments 13 % 10 % Federal government instruments of the respective countries 52 % 35 % Variable return: Publicly traded shares 33 % 38 % 100 % 100 % In Mexico, the regulatory framework for pension plans is established in the Income Tax Law and its Regulations, the Federal Labor Law and the Mexican Social Security Institute Law. None of these laws establish minimum funding levels or a minimum required level of contributions. In Mexico, the Income Tax Law requires that, in the case of private plans, certain notifications must be submitted to the authorities and a certain level of instruments must be invested in Federal Government securities among others. The Company’s various pension plans have a technical committee that is responsible for verifying the correct operation of the plan with regard to the payment of benefits, actuarial valuations of the plan, and supervising the trustee. The committee is responsible for determining the investment portfolio and the types of instruments the fund will be invested in. This technical committee is also responsible for verifying the correct operation of the plans in all of the countries in which the Company has these benefits. The risks related to the Company’s employee benefit plans are primarily attributable to the plan assets. The Company’s plan assets are invested in a diversified portfolio, which considers the term of the plan to invest in assets whose expected return coincides with the estimated future payments. Since the Mexican Tax Law limits the plan’s asset investment to 10% for related parties, this risk is not considered to be significant for purposes of the Company’s Mexican subsidiaries. In Mexico, the Company’s policy is to invest at least 30% of the fund assets in Mexican Federal Government instruments. Guidelines for the target portfolio have been established for the remaining percentage and investment decisions are made to comply with these guidelines insofar as the market conditions and available funds allow. In Mexico, the amounts and types of securities in related parties included in the portfolio fund are as follows: December 31, 2022 December 31, 2021 Debt: BBVA Bancomer, S.A de C.V. Ps. 9 Ps. 9 Grupo Industrial Bimbo, S.A.B. de C. V. 5 5 El Puerto de Liverpool, S.A.B. de C.V. — 30 Grupo Financiero Scotiabank Inverlat, S.A. de C.V. — 10 Equity: Alfa, S.A.B. de C.V. — 2 Grupo Industrial Bimbo, S.A.B. de C. V. — 1 Grupo Aeroportuario del Suereste, S.A.B. de C.V. — 1 Others — 4 For the years ended December 31, 2022, 2021 and 2020, the Company did not make significant contributions to the plan assets and does not expect to make material contributions to the plan assets during the following fiscal year. There are no restrictions placed on the trustee’s ability to sell those securities. As of December 31, 2022 and 2021, the plan assets did not include securities of the Company in portfolio funds. 17.4 Amounts recognized in the consolidated income statements and the consolidated statement of comprehensive income Income Statement AOCI (1) December 31, 2022 Current Service Cost Past Service Cost Gain or Loss on Settlement or Curtailment Net Interest on the Net Defined Benefit Liability Remeasurements of the Net Defined Benefit Liability Pension and retirement plans Ps. 534 Ps. 189 Ps. (220) Ps. 313 Ps. 1,686 Seniority premiums 328 21 (27) 150 38 Postretirement medical services 32 26 (29) 45 (35) Total Ps. 894 Ps. 236 Ps. (276) Ps. 508 Ps. 1,689 December 31, 2021 Pension and retirement plans Ps. 390 Ps. 39 Ps. (55) Ps. 319 Ps. 1,757 Seniority premiums 290 1 (3) 114 853 Postretirement medical services 44 2 (24) 52 202 Total Ps. 724 Ps. 42 Ps. (82) Ps. 485 Ps. 2,812 December 31, 2020 Pension and retirement plans Ps. 372 Ps. 73 Ps. — Ps. 305 Ps. 2,024 Seniority premiums 239 — — 91 483 Postretirement medical services 44 — — 54 342 Total Ps. 655 Ps. 73 Ps. — Ps. 450 Ps. 2,849 (1) Amounts accumulated in other comprehensive income as of the end of the period. For the years ended December 31, 2022, 2021 and 2020, labor costs of Ps. 1,130, Ps. 766 and Ps. 729 have been included in the consolidated income statements in costs of goods sold, administrative expenses, and selling expenses. Remeasurements of the net defined benefit liability recognized in accumulated other comprehensive income are as follows: December 31, 2022 December 31, 2021 December 31, 2020 Amount accumulated in other comprehensive income as of the beginning of the period, net of tax Ps. 2,078 Ps. 2,099 Ps. 1,624 Actuarial (gains) losses arising from exchange rates (77) 11 (6) Remeasurements during the year, net of tax 211 744 312 Actuarial (gains) and losses arising from changes in financial assumptions (1,848) (776) 139 Actuarial (gains) and losses arising from changes in demographic assumptions (71) — 27 Acquisitions 336 — — Return on plan assets 713 — — Changes in the effect of limiting a net defined benefit asset to the asset ceiling 319 — — Effect of settlement — — 3 Amount accumulated in other comprehensive income as of the end of the period, net of tax Ps. 1,661 Ps. 2,078 Ps. 2,099 Remeasurements of the net defined benefit liability include the following: • The return on plan assets, excluding amounts included in net interest expense. • Actuarial gains and losses arising from changes in demographic assumptions. • Actuarial gains and losses arising from changes in financial assumptions. 17.5 Changes in the balance of the defined benefit obligation for post-employment December 31, 2022 December 31, 2021 December 31, 2020 Pension and Retirement Plans: Initial balance Ps. 8,015 Ps. 7,679 Ps. 7,193 Current service cost 534 390 372 Past service cost 163 2,881 73 Interest expense 687 527 506 Gain on settlement (280) (2,884) — Remeasurements of the net defined benefit obligation (2,073) (42) 326 Foreign exchange (gain) or loss (134) 28 37 Benefits paid (1,146) (564) (828) Acquisitions 9,189 — — Change in consolidation scope 55 — — Employees contributions 103 — — Ending balance Ps. 15,113 Ps. 8,015 Ps. 7,679 Seniority Premiums: Initial balance Ps. 2,108 Ps. 1,763 Ps. 1,237 Current service cost 328 290 239 Past service cost 7 836 — Interest expense 160 124 101 (Gain) or loss on settlement (13) (839) 13 Remeasurements of the net defined benefit obligation (342) 112 309 Benefits paid (180) (178) (136) Ending balance Ps. 2,068 Ps. 2,108 Ps. 1,763 Postretirement Medical Services: Initial balance Ps. 647 Ps. 812 Ps. 797 Current service cost 32 44 44 Past service cost 26 236 — Interest expense 52 57 61 Gain on settlement (29) (271) — Remeasurements of the net defined benefit obligation (136) (191) (59) Benefits paid (36) (40) (31) Ending balance Ps. 556 Ps. 647 Ps. 812 17.6 Changes in the balance of plan assets December 31, 2022 December 31, 2021 December 31, 2020 Total Plan Assets: Initial balance Ps. 3,170 Ps. 3,001 Ps. 2,880 Actual return on trust assets (695) 152 113 Foreign exchange loss 1 — 3 Life annuities (3) 17 5 Acquisitions 12,417 — — Benefits paid (533) — — Plan amendments (101) — — Change in consolidation scope 59 — — Employees´contributions 103 — — Employer´s contributions 133 — — Administration cost (11) — — Ending balance Ps. 14,540 Ps. 3,170 Ps. 3,001 As a result of the Company’s investments in life annuities plans, management does not expect it will need to make material contributions to plan assets to meet its future obligations. 17.7 Variation in assumptions The Company decided that the relevant actuarial assumptions that are subject to sensitivity and valued using the projected unit credit method, are the discount rate, the salary increase rate and healthcare cost increase rate. The reasons for choosing these assumptions are as follows: • Discount rate: The rate that determines the value of the obligations over time. • Salary increase rate: The rate that considers the salary increase which implies an increase in the benefit payable. • Healthcare cost increase rate: The rate that considers the trends of health care costs which implies an impact on the postretirement medical service obligations and the cost for the year. The following table presents the amount of defined benefit plan expense and OCI impact in absolute terms of a variation of 1% in the assumptions on the net defined benefit liability associated with the Company’s defined benefit plans. The sensitivity of this 1% on the significant actuarial assumptions is based on projected long-term discount rates for Mexico and a yield curve projection of long-term Mexican government bonds - CETES: +1%: Income Statement OCI (1) (Gain) or Effect of Net Remeasurements Discount rate used to calculate the defined benefit Loss on Interest on the Net of the Net Defined obligation and the net interest on the net defined Current Settlement or Defined Benefit Benefit Liability benefit liability Service Cost Curtailment Liability Pension and retirement plans Ps. 640 Ps. (203) Ps. 222 Ps. 1,478 Seniority premiums 325 (24) 135 36 Postretirement medical services 48 (26) 38 (26) Total Ps. 1,013 Ps. (253) Ps. 395 Ps. 1,488 Expected salary increase Pension and retirement plans Ps. 764 Ps. (232) Ps. 341 Ps. 1,689 Seniority premiums 374 (28) 164 49 Postretirement medical services 58 (29) 45 (35) Total Ps. 1,196 Ps. (289) Ps. 550 Ps. 1,703 Assumed rate of increase in healthcare costs Postretirement medical services Ps. 71 Ps. (32) Ps. 54 Ps. (47) -1%: OCI (1) (Gain) or Effect of Net Remeasurements Discount rate used to calculate the defined benefit Loss on Interest on the Net of the Net Defined obligation and the net interest on the net defined Current Settlement or Defined Benefit Benefit Liability benefit liability Service Cost Curtailment Liability Pension and retirement plans Ps. 767 Ps. (233) Ps. 370 Ps. 1,772 Seniority premiums 374 (28) 166 46 Postretirement medical services 70 (32) 54 (47) Total Ps. 1,211 Ps. (293) Ps. 590 Ps. 1,771 Expected salary increase Pension and retirement plans Ps. 644 Ps. (203) Ps. 256 Ps. 1,551 Seniority premiums 324 (24) 136 28 Postretirement medical services 58 (29) 45 (35) Total Ps. 1,026 Ps. (256) Ps. 437 Ps. 1,544 Assumed rate of increase in healthcare costs Postretirement medical services Ps. 47 Ps. (26) Ps. 38 Ps. (25) (1) Amounts accumulated in other comprehensive income as of the end of the period. 17.8 Employee benefits expense For the years ended December 31, 2022, 2021 and 2020, employee benefits expenses recognized in the consolidated income statements as cost of goods sold, administrative and selling expenses are as follows: 2022 2021 2020 Wages and salaries Ps. 83,433 Ps. 70,238 Ps. 68,312 Social security costs 13,511 11,737 11,595 Employee profit sharing 2,598 2,035 1,112 Post-employment benefits 1,151 1,176 1,002 Share-based payments 866 854 575 Termination benefits 231 259 201 Ps. 101,790 Ps. 86,299 Ps. 82,797

Bonus Programs

Bonus Programs	12 Months Ended
	Dec. 31, 2022
Bonus Programs [Abstract]
Bonus Programs	Bonus Programs 18.1 Quantitative and qualitative objectives The bonus program for executives is based on complying with certain goals established annually by management, which include quantitative and qualitative objectives, and special projects. The quantitative objectives represent approximately 50% of the bonus and are based on the Economic Value Added (“EVA”) methodology. The objective established for the executives at each entity is based on a combination of the EVA generated per entity and the EVA generated by the Company, calculated at approximately 70% and 30%, respectively. The qualitative objectives and special projects re resent the remaining 50% of the annual bonus and are based on the critical success factors established at the beginning of the year for each executive. The bonus amount is determined based on each eligible participant’s level of responsibility and based on the EVA generated by the applicable business unit the employee works for. This formula is established by considering the level of responsibility within the organization, the employees’ evaluation and competitive compensation in the market. The bonus is paid to the eligible employee on an annual basis and after withholding applicable taxes. 18.2 Share-based payment bonus plan The Company has implemented a stock incentive plan for the benefit of its senior executives. As discussed above, this plan uses as its main evaluation metric the EVA. Under the EVA stock incentive plan, eligible employees are entitled to receive a special annual bonus (fixed amount), to be paid in shares of FEMSA or Coca-Cola FEMSA, as applicable or stock options (the plan considers providing stock options to employees; however, since inception only shares of FEMSA or Coca-Cola FEMSA have been granted). The plan is managed by FEMSA’s chief executive officer (“CEO”), with the support of the board of directors, together with the CEO of the respective sub-holding company. FEMSA’s Board of Directors is responsible for approving the plan’s structure, and the annual amount of the bonus. Each year, FEMSA’s CEO in conjunction with the Evaluation and Compensation Committee of the board of directors and the CEO of the respective sub-holding company determines the employees eligible to participate in the plan and the bonus formula to determine the number of shares to be received. As of 2015 the shares vest ratably over a six years period, beginning with January 1, 2016 onwards they ratably vest over a four year period, with retrospective effects, on existing grants recognized in 2016. FEMSA accounts for its share-based payment bonus plan as an equity-settled share-based payment transaction as it will ultimately settle its obligations with its employees by issuing its own shares or those of its subsidiary Coca-Cola FEMSA. The Company contributes the individual employee’s special bonus (after taxes) in cash to the Administrative Trust (which is controlled and consolidated by FEMSA), who then uses the funds to purchase FEMSA or Coca-Cola FEMSA shares (as instructed by the Administrative Trust’s Technical Committee), which are then allocated to such employee. The Administrative Trust tracks the individual employees’ account balance. FEMSA created the Administrative Trust to conduct the purchase of FEMSA and Coca-Cola FEMSA shares by each of its subsidiaries with eligible executives participating in the stock incentive plan. The Administrative Trust’s objectives are to acquire FEMSA shares or shares of Coca-Cola FEMSA and to manage the shares granted to the individual employees based on instructions set forth by the Technical Committee. Once the shares are acquired following the Technical Committee’s instructions, the Administrative Trust assigns to each participant their respective rights. As the trust is controlled and therefore consolidated by FEMSA, shares purchased in the market and held within the Administrative Trust are presented as treasury stock (as it relates to FEMSA’s shares) or as a reduction of the noncontrolling interest (as it relates to Coca-Cola FEMSA’s shares) in the consolidated statement of changes in equity, within the line item issuance (purchase) of shares associated with share-based payment plans. Should an employee leave prior to their shares vesting, such employee would lose the rights to such shares, which would then remain within the Administrative Trust and be able to be reallocated to other eligible employees as determined by the Company. The incentive plan target is expressed in months of salary, and the final amount payable is computed based on a percentage of compliance with the goals established every year. For the years ended December 31, 2022, 2021 and 2020, the compensation expense recorded in the consolidated income statement amounted to Ps. 866, Ps. 853 and Ps. 575, respectively. All shares held in the Administrative Trust are considered outstanding for diluted earnings per share purposes and dividends on treasury shares are paid out and affect retained earnings. As of December 31, 2022 and 2021, the changes in the number of shares held by the trust associated with the Company’s share-based payment plans are as follows: Number of Shares FEMSA UBD KOF UBL 2022 2021 2022 2021 Beginning balance 3,672,586 3,414,900 1,701,074 1,360,158 Shares acquired by the administrative trust to employees 4,256,433 2,221,136 1,266,283 921,125 Shares released from administrative trust to employees upon vesting (2,206,000) (1,963,450) (1,106,978) (580,209) Ending balance 5,723,019 3,672,586 1,860,379 1,701,074 The fair value of the shares held by the trust as of the end of December 31, 2022 and 2021 was Ps. 1,117, and Ps. 706, respectively, based on quoted market prices of those dates.

Bank Loans and Notes Payable

Bank Loans and Notes Payable	12 Months Ended
	Dec. 31, 2022
Bank Loans and Notes Payable [Abstract]
Bank Loans and Notes Payable	Bank Loans and Notes Payable On December 31, (1) Carrying Fair Carrying Value at Value at Value at (in millions of Mexican pesos) 2023 2024 2025 2026 2027 2028 and Thereafter December 31, 2022 December 31, 2022 December 31, 2021 Short-term debt: Fixed-rate debt: Colombian pesos Bank loans Ps. — Ps. — Ps. — Ps. — Ps. — Ps. — Ps. — Ps. — Ps. 311 Interest rate — — — — — — — — 2.5 % Argentine pesos Bank loans — — — — — — — — 461 Interest rate — — — — — — — — 41.0 % Chilean pesos Bank loans 1,072 — — — — — 1,072 1,072 261 Interest rate 12.3 % — — — — — 12.3 % — 0.7 % Uruguayan pesos Bank loans — — — — — — — — 184 Interest rate — — — — — — — — 6.0 % Guatemalan quetzal Bank loans — — — — — — — — 26 Interest rate — — — — — — — — 6.3 % Variable-rate debt: Mexican pesos Bank loans 790 — — — — — 790 790 760 Interest rate 12.5 % — — — — — 12.5 % — 5.9 % Total short-term debt Ps. 1,862 Ps. — Ps. — Ps. — Ps. — Ps. — Ps. 1,862 Ps. 1,862 Ps. 2,003 (1) All interest rates shown in this table are weighted average contractual annual rates. On December 31, (1) Carrying Value at December 31, 2022 Fair Value at December 31, 2022 Carrying Value at December 31, 2021(1) 2028 and Thereafter (in millions of Mexican pesos) 2023 2024 2025 2026 2027 Long-term debt: Fixed-rate debt: Euro Senior unsecured notes Ps. — Ps. — Ps. — Ps. — Ps. — Ps. 24,563 Ps. 24,563 Ps. 18,979 Ps. 27,646 Interest rate — — — — — 0.7 % 0.8 % — 0.7 % Promissory notes 1,270 682 — — 186 310 2,448 2,448 — Interest rate 1.2 % 1.1 % — — 2.1 % 2.4 % 1.4 % — — Swiss franc Promissory notes — 482 — — — — 482 482 — Interest rate — 0.8 % — — — — 0.8 % — — U.S. dollars Yankee bond (2) 1 — — — — 41,428 41,429 37,058 52,255 Interest rate 3.1 % — — — — 3.1 % 3.1 % — 3.1 % Bank of NY (FEMSA USD 2023) 5,808 — — — — — 5,808 5,777 6,170 Interest rate (1) 2.9 % — — — — — 2.9 % — 2.9 % Bank of NY (FEMSA USD 2043) — — — — — 13,405 13,405 11,178 14,262 Interest rate (1) — — — — — 4.4 % 4.4 % — 4.4 % Bank of NY (FEMSA USD 2050) — — — — — 48,170 48,170 34,088 51,174 Interest rate (1) — — — — — 3.5 % 3.5 % — 3.5 % Bank loans — 2,256 63 — — — 2,320 2,320 2,352 Interest rate — 5.0 % 6.8 % — — — 5.1 % — 3.6 % Mexican pesos Senior Notes 22L — — — — 827 — 827 831 — Interest rate (1) — — — — 10.9 % — 10.9 % — — Senior Notes 22-2L — — — — — 8,436 8,436 8,638 — Interest rate (1) — — — — — 9.7 % 9.7 % — — Domestic senior notes 7,500 — — — 8,493 15,445 31,438 29,191 25,947 Interest rate 5.5 % — — — 7.9 % 8.3 % 7.5 % — 7.0 % Bank loans 117 110 107 57 38 — 429 429 305 Interest rate 9.8 % 9.6 % 9.6 % 10.9 % 11.7 % — 10.0 % — 5.7 % Brazilian reais Bank loans 35 21 — — — — 56 56 94 Interest rate 7.0 % 7.0 % — — — — 7.0 % — 6.2 % Chilean pesos Bank loans 317 — — — — — 317 317 338 Interest rate 1.2 % — — — — — 1.2 % — 1.2 % Uruguayan pesos Bank loans 976 — — — — — 976 976 1,186 Interest rate 6.3 % — — — — — 6.3 % — 6.7 % Subtotal Ps. 16,024 Ps. 3,551 Ps. 170 Ps. 57 Ps. 9,544 Ps. 151,757 Ps. 181,104 Ps. 152,768 Ps. 181,729 (1) All interest rates shown in this table are weighted average contractual annual rates. On December 31, (1) Carrying Value at December 31, 2022 Fair Value at December 31, 2022 Carrying Value at December 31, 2021(1) 2028 and Thereafter (in millions of Mexican pesos) 2023 2024 2025 2026 2027 Variable-rate debt: Euro Promissory notes Ps. — Ps. 1,115 Ps. — Ps. — Ps. 929 Ps. 516 Ps. 2,560 Ps. 2,560 Ps. — Interest rate — 1.1 % — — 1.0 % 1.2 % 1.1 % — — Swiss franc Promissory notes — 691 — — — — 691 691 — Interest rate — 0.8 % — — — — 0.8 % — — Mexican pesos Domestic senior notes — — 1,727 2,923 — — 4,650 4,556 5,650 Interest rate (1) — — 10.4 % 10.4 % — — 10.4 % — 5.4 % Bank Loans 139 213 95 78 17 — 542 542 330 Interest rate (1) 12.9 % 12.8 % 13.1 % 13.1 % 12.7 % — 12.9 % — 6.5 % Brazilian reais Bank loans 12 7 6 3 — — 28 28 5 Interest rate 9.8 % 9.7 % 9.8 % 9.8 % — — 9.8 % — 9.0 % Colombian pesos Bank loans 33 — — — — — 33 33 10 Interest rate 5.9 % — — — — — 5.9 % — 4.5 % Chilean pesos Bank loans 271 — — — — — 271 272 858 Interest rate 4.9 % — — — — — 4.9 % — 1.8 % Subtotal Ps. 455 Ps. 2,026 Ps. 1,828 Ps. 3,004 Ps. 946 Ps. 516 Ps. 8,775 Ps. 8,682 Ps. 6,853 Total long-term debt Ps. 16,479 Ps. 5,577 Ps. 1,998 Ps. 3,061 Ps. 10,490 Ps. 152,273 Ps. 189,879 Ps. 161,450 Ps. 188,582 Current portion of long-term debt — — — — — — (16,479) (2,637) Ps. 191,741 Ps. 190,585 (1) All interest rates shown in this table are weighted average contractual annual rates. (2) Interest rate derivatives that have been designated as fair value hedge relationships have been used by Coca-Cola FEMSA to mitigate the volatility in the fair value of existing financing instruments due to changes in floating interest rate benchmarks. Gains and losses on these instruments are recorded in “Market value (gain) loss on financial instruments” in the period in which they occur. During 2022, we are applying IFRS 9 to the hedged portion of the Senior Notes of US$ 705, which are linked to an interest rate swap. Starting in this year, the hedging gain or loss will adjust the carrying amount of the hedged item and will be recognized in P&L under “Market value (gain) loss in financial instruments”. As of December 31, 2022, the Company is recording a gain of Ps. 1,647 in the income statement under “Market value (gain) loss in financial instruments”, which offsets the loss on interest rate derivatives used to hedge debt denominated in USD, that resulted from increases in interest rates. 2028 and Total Total Hedging Derivative Financial Instruments (1) 2023 2024 2025 2026 2027 Thereafter 2022 2021 (notional amounts in millions of Mexican pesos) ` Cross-currency swaps: U.S. dollars to Mexican pesos Fixed to a variable (3) Ps. 11,403 Ps. — Ps. — Ps. — Ps. — 3,679 Ps. 15,082 Ps. 11,403 Interest pay rate 7.0 % — — — — 8.9 % 7.4 % 7.0 % Interest receive rate 4.0 % — — — — 3.6 % 3.9 % 4.0 % Fixed to fixed 1,743 — — — — 10,000 11,743 24,235 Interest pay rate 8.2 % — — — — 8.9 % 8.8 % 8.4 % Interest receive rate 3.3 % — — — — 3.5 % 3.5 % 3.5 % Fixed to fixed (2) Interest pay rate — — — — — 9.4 % 9.4 % 9.4 % Interest receive rate — — — — — 4.4 % 4.4 % 4.4 % U.S. dollars to Euro Fixed to fixed — — — — 8,735 13,395 22,130 15,078 Interest pay rate — — — — 3.1 % 1.9 % 2.4 % 1.9 % Interest receive rate — — — — 3.5 % 3.5 % 3.5 % 3.5 % U.S. dollars to Brazilian reais Fixed to variable — — — 4,840 1,936 — 6,777 5,146 Interest pay rate — — — 10.7 % 2.8 % — 11.5 % 9.9 % Interest receive rate — — — 1.9 % 2.8 % — 2.1 % 2.1 % Fixed to fixed 9,294 — — — — — 9,294 9,880 Interest pay rate 11.5 % — — — — — 11.5 % 9.5 % Interest receive rate 3.2 % — — — — — 3.2 % 3.9 % Colombian pesos Fixed to fixed 345 — — — 1,131 — 1,476 — Interest pay rate 8.5 % — — — 6.3 % — 6.8 % — Interest receive rate 2.2 % — — — 2.8 % — 2.6 % — Interest rate swaps: Fixed to variable rate: — — — — — — — 6,175 Interest pay rate — — — — — — — 0.4 % Interest receive rate — — — — — — — 1.9 % Variable to a fixed rate: 679 2,227 — — — — 2,905 3,225 Interest pay rate 5.8 % 3.6 % — — — — 4.1 % 4.2 % Interest receive rate 1.8 % 1.9 % — — — — 1.9 % 1.9 % Variable to fixed rate (3): Interest pay rate 7.2 % — — — — — 7.2 % 7.2 % Interest receive rate 7.0 % — — — — — 7.0 % 7.0 % (1) All interest rates shown in this table are weighted average contractual annual rates. (2) Cross Currency swaps which covers U.S. dollars to Mexican pesos with a notional of Ps.8,869, that have a starting date in 2023; receiving a fixed rate of 4.4% and pay a fixed rate of 9.4%. (3) Interest rate swaps with a notional amount of Ps.11,403 that receive a variable rate of 7.0% and pay a fixed rate of 7.2%; joined with a cross-currency swap, which covers U.S. dollars to Mexican pesos, that receives a fixed rate of 4.0% and pay a variable rate of 7.0%. For the years ended December 31, 2022, 2021 and 2020, the interest expense is comprised as follows: 2022 2021 2020 Interest on debts and borrowings Ps. 8,129 Ps. 9,356 Ps. 10,789 Finance charges for employee benefits, net 553 476 456 Derivative instruments 1,795 1,970 1,428 Finance operating charges 48 18 (231) Finance charges payable for leases 5,789 5,118 5,074 Ps. 16,314 Ps. 16,938 Ps. 17,516 On March 14, 2016, the Company issued long-term debt on the Irish Stock Exchange (“ISE”) in the amount of €.1,000 million, which was made up of senior notes with a maturity of 7 years, a fixed interest rate of 1.75%, and a spread of 155 basis points over the relevant benchmark mid-swap, for a total yield of 1.824%. The Company designated this non-derivative financial liability as a hedge on the net investment in Heineken. These senior notes were prepaid in May 2021, with a settlement price of €. 1,042 million, which includes accrued expenses. The difference between the settlement price and the book value of the debt at the date of prepayment was recognized in the income statement. As a result of this transaction, the net investment hedge was discontinued without any effects in the income statement. For the year ended December 31, 2021, up to the prepayment date, a foreign exchange gain, net of tax, had been recognized as part of the exchange differences on translation of foreign operations within the cumulative other comprehensive income of Ps. 232 . The foreign exchange effects accumulated up to the prepayment date of the senior notes will be recognized in the income statement with the corresponding currency translation effect when a partial or total disposal of Heineken shares occurs. On January 16, 2020, the Company issued U.S. $1,500 million 3.500% Senior Unsecured Notes at an annual rate of 130 basis points over the relevant benchmark. In addition, on February 12, 2020, the Company placed a re-tap to its US-denominated SEC-registered Senior Unsecured Notes due 2050 and issued U.S. $300 million 3.500% at an annual rate of 137.5 basis points over the relevant benchmark, raising the total outstanding balance to U.S. $1,800 million with an implied yield to maturity of 3.577%. In June 2020, the Company issued U.S. $700 million 3.500% Senior Unsecured Notes due 2050 with an implicit weighted performance of 3.358%. The Company has designated a portion of these non-derivative financial liabilities as a hedge on the net investment. For the year ended December 31, 2022, a foreign exchange gain, net of tax, has been recognized as part of the income on hedge of net investments in foreign operations within the cumulative other comprehensive income of Ps. 1,498. In March 2020, we entered into certain short-term bank loans in Mexican pesos for an aggregate principal amount of Ps.15,000 million. In April 2021, the Company issued €. 500 and €. 700 million in debt certificates at a fixed rate of 1.0%, maturing in 2033 and 0.5% maturing in 2028, respectively. On May 21, 2021, this non-derivative financial liability was designated as a hedge on the net investment in Heineken. For the year ended December 31, 2022, a foreign exchange gain, net of tax, has been recognized as part of the income on the hedge of net investments in foreign operations within the cumulative other comprehensive income of Ps. 2,179. In November 2022, the Company issued $8,446 millions and $827 million in debt certificates at a fixed rate of 9.65%, maturing in 2032 and a floating rate of TIIE28 + 0.10%, maturing in 2027, respectively. In accordance with the terms of the Bonds, they are linked to FEMSA's Sustainability-Linked Bond Framework, the which was adopted and published by the Company in relation to the issuance of the Sustainability-Linked Bond denominated in Euros issued in 2021 in the international capital market, for €700 million in senior notes maturing in 2028, and €500 million in senior notes maturing in 2033. Coca-Cola FEMSA has the following bonds: a) registered with the Mexican stock exchange: i) Ps. 7,500 (nominal value), maturing in 2023 and a fixed interest rate of 5.46%; ii) Ps. 8,500 (nominal value) with a maturity in 2027 and a fixed interest rate of 7.87%; iii) Ps. 1,727 (nominal value) with a maturity date in 2025 and a floating interest rate of TIIE + 0.08%; iv) Ps. 3,000 (nominal amount) with a maturity date in 2028 and fixed interest rate of 7.35%, v) Ps. 6,965 (nominal amount) on a Sustaninability-Linked Bond (SLB) with a maturity date in 2028 and fixed rate of 7.36%, and vi) Ps. 2,435 (nominal amount) on an SLB with a maturity date in 2026 and floating rate of TIIE + 0.05%, vii) Ps.5,500 (nominal amount) with a maturity date in 2029 and a fixed rate of 9.95%, viii) Ps.$500 (nominal amount) with a maturity date in 2026 and a floating rate of TIIE + 0.05%. b) registered with the New York Stock Exchange: i) Senior notes of U.S. $1,041 with a fixed interest rate of 2.75% and maturity on January 22, 2030; ii) Senior notes of US. $ 705 with interest at a fixed rate of 1.85% and maturity date on September 1, 2032 and iii) Senior notes of US. $ 489 with interest at a fixed rate of 5.25% and maturity date on November 26, 2043. The Senior Notes are guaranteed by Coca-Cola FEMSA subsidiaries: Propimex, S. de R.L. de C.V., Comercializadora La Pureza de Bebidas, S. de R.L. de C.V., Controladora Interamericana de Bebidas, S. de R.L. de C.V., Grupo Embotellador Cimsa, S. de R.L. de C.V., Refrescos Victoria del Centro, S. de R.L. de C.V., Distribuidora y Manufacturera del Valle de Mexico, S. de R.L. de C.V (as successor guarantor of Servicios Integrados Inmuebles del Golfo, S. de R.L. de C.V.) and Yoli de Acapulco, S. de R.L. de C.V. (the “Guarantors”). During 2020, Coca-Cola FEMSA obtained (and paid off) bank loans to build enhance liquidity to the COVID-19 pandemic: in Mexico for an amount of Ps. 15,650 at a weighted interest rate of 6.04%, in Argentina and Colombia for an amount of Ps. 1,184. Similarly, on January 22, 2020, Coca-Cola FEMSA prepaid senior notes during the same year in Mexico of US. $900, and on February 18, 2020, Coca-Cola FEMSA paid the total balance of its senior notes in of US. $ 500. In addition, Coca-Cola FEMSA entered into bank loans in Argentine and Uruguayan peso with some banks for Ps. 711 and Ps. 759, respectively. During the third quarter of 2021, Coca-Cola FEMSA issued the first SLB in the Mexican market for a total of Ps. 9,400 in the modality of communicating vessels with maturities in 2025 and 2026 and with those resources prepaid bilateral loans denominated in Mexican pesos of: i) Ps. 3,760 with a maturity date of February 2025 and ii) Ps. 5,640 with an expiration date of August 2026. The bond’s interest rate depends on us achieving key performance indicators, and in the event that such indicators are not met by the dates established in the offering documents, (2024 and 2026), the interest rate on the bonds will increase by 25 basis points. Additionally, during 2021, Coca-Cola FEMSA obtained bank loans in local currency in Argentina and Uruguay for Ps. 461 and Ps. 1,114 (nominal amounts) respectively. During the fourth quarter of 2022, Coca-Cola FEMSA repurchased a portion of the following notes registered with the SEC i) Senior notes of US. $ 209 with maturity date on January 2030, and ii) Senior notes of US. $111 with maturity date on November 2043, representing a net savings of Ps. 408 (nominal amounts). Additionally during 2022, Coca-Cola FEMSA issued a social and sustainable bond in the Mexican Market on a dual-tranche transaction for an amount of Ps. 6,000. The Company has financing from different institutions under agreements that stipulate different restrictions and covenants, which mainly consist of maximum levels of leverage and capitalization as well as minimum consolidated net worth and debt and interest coverage ratios. As of the date of these consolidated financial statements, the Company complied with all restrictions and covenants contained in its financing agreements. 19.1 Reconciliation of liabilities arising from financing activities Carrying Carrying Value at Value at January 1, 2022 Cash Flows Non-cash effects December 31, 2022 Foreign Acquisition New leases Exchange Others (1) Income (Loss) Bank loans Ps. 7,580 Ps. (415) Ps. — Ps. — Ps. (78) Ps. (375) Ps. 6,712 Notes payable 183,005 6,718 6,181 — (8,957) (1,919) 185,029 Total liabilities from financing activities 190,585 6,303 6,181 — (9,034) (2,294) 191,741 Lease liabilities 62,355 (15,108) 21,933 10,686 (356) 13,807 93,317 Total financing activities Ps. 252,940 Ps. (8,805) Ps. 28,114 Ps. 10,686 Ps. (9,390) Ps. 11,513 Ps. 285,058 (1) Includes mainly remeasurements of leases, and amortization of transaction costs. Carrying Value at Carrying January Value at 1, 2021 Cash Flows Non-cash effects December 31, 2021 Foreign Acquisition New leases Exchange Others (1) Income (Loss) Bank loans Ps. 19,430 Ps. (11,015) Ps. — Ps. — Ps. (939) Ps. 104 Ps. 7,580 Notes payable 169,235 12,156 — — 1,614 — 183,005 Total liabilities from financing activities 188,665 1,141 — — 675 104 190,585 Lease liabilities 58,308 (12,325) 1,540 7,871 (798) 7,759 62,355 Total financing activities Ps. 246,973 Ps. (11,184) Ps. 1,540 Ps. 7,871 Ps. (123) Ps. 7,863 Ps. 252,940 (1) Includes mainly remeasurements of leases, and amortization of transaction costs. Carrying Value at Carrying January Value at 1, 2020 Cash Flows Non-cash effects December 31, 2020 Foreign Acquisition New leases Exchange Others Income (Loss) Bank loans Ps. 20,807 Ps. (1,286) Ps. — Ps. — Ps. 221 Ps. (312) Ps. 19,430 Notes payable 97,144 67,379 — — 4,813 (101) 169,235 Total liabilities from financing activities 117,951 66,093 — — 5,034 (413) 188,665 Lease liabilities 54,679 (9,810) 1,765 7,982 (584) 4,276 58,308 Total liabilities from financing activities 172,630 56,283 1,765 7,982 4,450 3,863 246,973

Other Income and Expenses

Other Income and Expenses	12 Months Ended
	Dec. 31, 2022
Other Income and Expenses [Abstract]
Other Income and Expenses	Other Income and Expenses 2022 2021 2020 Gain on sale of other assets Ps. — Ps. 968 Ps. — Gain on sale of long-lived assets 308 208 130 Sale of waste material 33 25 20 Insurance rebates 59 71 35 Foreign exchange gain 175 — 112 Other investment in shares (4) 113 3,245 2,011 Recycling of cumulative gain on sale of joint venture — — 212 Recoveries of prior years (1) 333 881 594 Others 67 489 229 Other income Ps. 1,088 Ps. 5,887 Ps. 3,343 Recoveries of prior years Ps. 12 Ps. 41 Ps. — Impairment of long-lived assets (2) 833 1,427 5,102 Loss in write-off of intangible assets — — 375 Disposal of long-lived assets (3) 408 579 915 Contingencies 426 187 804 Severance payments 318 305 465 Donations 512 433 605 Legal fees and other expenses from past acquisitions 231 127 — Foreign exchange loss — 86 — Items without tax requirements 103 173 — Effect of taxes paid of previous years (5) — — 3,253 Other 27 370 862 Other expenses Ps. 2,870 Ps. 3,727 Ps. 12,381 (1) Following a favorable decision from Brazilian tax authorities received during 2020, Coca-Cola FEMSA has been entitled to reclaim indirect tax payments made in prior years in Brazil, resulting in the recognition of a tax credit and a positive effect on the operating revenues and other income captions of the condensed consolidated income statements. See Note 25.1.1. (2) Includes impairment loss related to Corporación Grupo FYBECA S.A. (Health Division) for an amount of Ps. 770 and Ps. 1,170 in 2022 and 2021, respectively; as well as an impairtment loss in Campo Verde (Coca-Cola FEMSA) for an amount of Ps. 256 in 2021. Likewise, includes impairment loss related to Compañía Panameña de Bebibas, S.A.P.I. de C.V., for an amount of Ps. 1,463 million in 2020. Additionally, includes impairment loss related to Leao Alimentos e Bebidas, L.T.D.A., for an amount of Ps. 1,038 million in 2020 (see Note 10). Also, includes impairment loss related to Specialty’s, and Doña Tota in 2020 for an amount of Ps. 2,021 and Ps. 576, respectively. The impairment losses in 2020 were mainly driven by mobility restrictions that impacted customer behavior and the economic crisis generated by the COVID-19 pandemic. (3) Charges related to fixed assets retirement from ordinary operations and other long-lived assets. (4) During 2021 and 2020, the Company received a dividend income related to its investment in Jetro Restaurant Depot. (5) Interest and penalties associated with taxes paid from previous years.

Financial Instruments

Financial Instruments	12 Months Ended
	Dec. 31, 2022
Financial Instruments [Abstract]
Financial Instruments	Financial Instruments Fair Value of Financial Instruments The Company’s financial assets and liabilities that are measured at fair value are based on level 1 and 2 applying the income approach method, which estimates the fair value based on expected cash flows discounted to net present value. The following table summarizes the Company’s financial assets and liabilities measured at fair value, as of December 31, 2022, and 2021: December 31, 2022 December 31, 2021 Level 1 Level 2 Level 1 Level 2 Financial instrument (current asset) 351 9,710 764 865 Financial instrument (non-current asset) 14,540 21,201 3,170 39,152 Financial instrument (current liability) 64 406 35 103 Financial instrument (non-current liability) — 5,651 — 1,635 21.1 Total debt The fair value of bank loans is calculated based on the discounted value of contractual cash flows whereby the discount rate is estimated using rates currently offered for the debt of similar amounts and maturities, which is considered to be level 2 in the fair value hierarchy. The fair value of the Company’s publicly traded debt is based on quoted market prices as of December 31, 2022 and 2021, which is considered to be level 1 in the fair value hierarchy. December 31, 2022 December 31, 2021 Carrying value Ps. 191,741 Ps. 190,585 Fair value 163,312 198,232 21.2 Interest rate swaps The Company uses interest rate swaps to offset the interest rate risk associated with its borrowings, under which it pays amounts based on a fixed rate and receives amounts based on a floating rate. These instruments have been designated as cash flow hedges and are recognized in the consolidated statement of financial position at their estimated fair value. The fair value is estimated using formal technical models. The valuation method involves discounting to present value the expected cash flows of interest, calculated from the rate curve of the cash flow currency, and expresses the net result in the reporting currency. Changes in fair value are recorded in cumulative other comprehensive income, net of taxes until the hedged amount is recorded in the consolidated income statements. On December 31, 2022, the Company has the following outstanding interest rate swap agreements: Notional Fair Value Liability Fair Value Asset Maturity Date Amount December 31, 2022 December 31, 2022 2023 Ps. 11,675 Ps. — Ps. 236 2024 2,227 — 129 2032 9,681 (1,728) — On December 31, 2021, the Company has the following outstanding interest rate swap agreements: Notional Fair Value Liability Fair Value Asset Maturity Date Amount December 31, 2021 December 31, 2021 2022 Ps. 131 Ps. (1) Ps. — 2023 12,129 — 177 2024 2,367 (39) — 2032 6,175 — 170 The net effect of expired contracts treated as hedges is recognized as interest expense within the consolidated income statements. 21.3 Forward agreements to purchase foreign currency The Company has entered into forward agreements to reduce its exposure to the risk of exchange rate fluctuations between the Mexican peso and other currencies. Foreign exchange forward contracts measured at fair value are designated hedging instruments in cash flow hedges of forecast inflows in euros and forecast purchases of raw materials in U.S. dollars. These forecast transactions are considered to be highly probable. These instruments have been designated as cash flow hedges and are recognized in the consolidated statement of financial position at their estimated fair value which is determined based on prevailing market exchange rates to terminate the contracts at the end of the period. The price agreed in the instrument is compared to the current price of the market forward currency and is discounted to the present value of the rate curve of the relevant currency. Changes in the fair value of these forwards are recorded as part of cumulative other comprehensive income, net of taxes. Net gain/loss on expired contracts is recognized as part of the cost of goods sold when the raw material is included in sale transactions, and as a part of foreign exchange when the inflow in euros is received. On December 31, 2022, the Company had the following outstanding forward agreements to purchase foreign currency: Notional Fair Value Liability Fair Value Asset Maturity Date Amount December 31, 2022 December 31, 2022 2023 Ps. 10,828 Ps. (399) Ps. 61 2024 2 — — On December 31, 2021, the Company had the following outstanding forward agreements to purchase foreign currency: Notional Fair Value Liability Fair Value Asset Maturity Date Amount December 31, 2021 December 31, 2021 2022 Ps. 6,384 Ps. (104) Ps. 78 2023 23 (2) — 2024 2 — — 21.4 Cross-currency swaps The Company has contracted for several cross-currency swaps to reduce the risks of exchange rate and interest rate fluctuations associated with its borrowings denominated in U.S. dollars and other foreign currencies. Cross-currency swaps contracts are designated as hedging instruments through which the Company changes the debt profile to its functional currency to reduce exchange exposure. These instruments are recognized in the consolidated statement of financial position at their estimated fair value which is estimated using formal technical models. The valuation method involves discounting to present value the expected cash flows of interest, calculated from the rate curve of the cash foreign currency, and expresses the net result in the reporting currency. These contracts are designated as financial instruments at fair value through profit or loss. The fair values changes related to those cross-currency swaps are recorded under the caption “market value gain (loss) on financial instruments,” net of changes related to the long-term liability, within the consolidated income statements. The Company has cross-currency contracts designated as cash flow hedges and are recognized in the consolidated statement of financial position at their estimated fair value. Changes in fair value are recorded in cumulative other comprehensive income, net of taxes until such time as the hedge amount is recorded in the consolidated income statement. On December 31, 2022, the Company had the following outstanding cross–currency swap agreements: Notional Fair Value Liability Fair Value Asset Maturity Date Amount December 31, 2022 December 31, 2022 2023 Ps. 27,804 Ps. (7) Ps. 9,435 2024 497 (3) 247 2025 1,010 — 385 2026 5,971 (924) 364 2027 17,809 (689) 95 2029 14,620 — 1,664 2030 3,679 (104) 110 2035 10,000 (2,203) — 2043 8,869 — 505 On December 31, 2021 , the Company had the following outstanding cross–currency swap agreements: Notional Fair Value Liability Fair Value Asset Maturity Date Amount December 31, 2021 December 31, 2021 2022 Ps. 4,872 Ps. — Ps. 982 2023 24,403 — 12,379 2024 1,400 — 438 2025 10,667 (1,564) 154 2026 6,348 (1) 220 2027 7,204 — 366 2029 16,389 (21) 655 2030 3,911 (8) 404 2043 8,869 — 1,553 21.5 Commodity price contracts The Company has entered into various commodity price contracts to reduce its exposure to the risk of fluctuation in the costs of certain raw materials. The fair value is estimated based on the market valuations to terminate the contracts at the end of the period. These instruments are designated as cash flow hedges and the changes in the fair value are recorded as part of “cumulative other comprehensive income.” The fair value of expired commodity price contracts was recorded in the cost of goods sold where the hedged item was recorded also in the cost of goods sold. On December 31, 2022, Coca-Cola FEMSA had the following sugar price contracts: Notional Fair Value Liability Fair Value Asset Maturity Date Amount December 31, 2022 December 31, 2022 2023 Ps. 1,688 Ps. (46) Ps. 328 2024 468 — 21 On December 31, 2021, Coca-Cola FEMSA had the following sugar price contracts: Notional Fair Value Liability Fair Value Asset Maturity Date Amount December 31, 2021 December 31, 2021 2022 Ps. 2,020 Ps. (7) Ps. 502 2023 769 — 195 On December 31, 2022, Coca-Cola FEMSA had the following aluminum price contracts: Notional Fair Value Liability Fair Value Asset Maturity Date Amount December 31, 2022 December 31, 2022 2023 Ps. 662 Ps. (18) Ps. 1 On December 31, 2021, Coca-Cola FEMSA had the following aluminum price contracts: Fair Value Asset Notional December 31, Maturity Date Amount 2021 2022 Ps. 102 Ps. 62 On December 31, 2022, Coca-Cola FEMSA had no outstanding paraxylene and monoethylene glycol or PX + MEG (resin) price contracts. On December 31, 2021, Coca-Cola FEMSA had the following PX+MEG (resin) contracts: Fair Value Asset Notional Fair Value Liability December 31, Maturity Date Amount December 31, 2021 2021 2022 Ps. 470 Ps. (28) Ps. 5 21.6 Disposal of Estrella Azul On September 30, 2020, Coca-Cola FEMSA announced that its joint venture with The Coca-Cola Company (Compañía Panameña de Bebidas, S.A.P.I. de C.V.) successfully sold 100% of its stock interest in Estrella Azul, a dairy products company in Panama. As part of the transaction, the company agreed with the buyer that the Company could receive payments in the future if the business of Estrella Azul achieves certain volume and EBITDA targets during the 2022-2027 period. The Company estimated the amount of the payments to be received based on the forecasts of the business (level 3 inputs) and calculated their net present value. As of December 31, 2022 and 2021, the financial assets recognized in the consolidated statement of financial position have a total value of Ps. 5 and Ps. 5, respectively. 21.7 Net effects of expired contracts that met hedging criteria Impact in Consolidated Income Statement 2022 2021 2020 Cross-currency swaps (1) Interest expense Ps. 1 Ps. — Ps. (109) Cross-currency swaps (1) Foreign exchange (5) — 1,212 Interest rate swaps Interest expense — — (163) Forward agreements to purchase foreign currency Foreign exchange 565 41 (167) Commodity price contracts Cost of goods sold 599 1,245 (129) Options to purchase foreign currency Cost of goods sold — — 8 Forward agreements to purchase foreign currency Cost of goods sold (681) (788) 839 Treasury locks Interest expense — — 153 (1) This amount corresponds to the settlement of cross-currency swaps portfolio in Brazil presented as part of the other financial activities. 21.8 Net effect of changes in fair value of derivative financial instruments that did not meet the hedging criteria for accounting purposes. Impact in Consolidated Type of Derivatives Income Statement 2022 2021 2020 Cross currency swaps and interest rate swaps Market value gain (loss) on financial instruments Ps. (2,270) 80 (212) 21.9 Net effect of expired contracts that did not meet the criteria for hedge accounting purposes Impact in Consolidated Type of Derivatives Income Statement 2022 2021 2020 Cross currency swaps and interest rate swaps Market value gain (loss) on financial instruments Ps. — Ps. — Ps. (212) 21.10 Risk management The Company has exposure to the following financial risks: • Market risk; • Interest rate risk; • Liquidity risk; and • Credit risk. The Company determines the existence of an economic relationship between the hedging instruments and the hedged item based on the currency, amount and timing of their respective cash flows. The Company evaluates whether the derivative designated in each hedging relationship is expected to be effective and that it has been effective to offset changes in the cash flows of the hedged item using the hypothetical derivative method. In these hedging relationships, the main sources of inefficiency are: • The effect of the credit risk of the counterparty and the Company on the fair value of foreign currency forward contracts; and • Changes in the periods covered. 21.10.1 Market risk Market risk is the risk that the fair value or the future cash flow of a financial instrument will fluctuate because of changes in market prices. Market prices include currency risk and commodity price risk. The Company’s activities expose it primarily to the financial risks of changes in foreign currency exchange rates and commodity prices. The Company enters into a variety of derivative financial instruments to manage its exposure to foreign currency risk, and commodity prices risk including: • Forward agreements to purchase foreign currency to reduce its exposure to the risk of exchange rate fluctuations. • Cross-currency swaps to reduce its exposure to the risk of exchange rate fluctuations. • Commodity price contracts to reduce its exposure to the risk of fluctuation in the costs of certain raw materials. The Company tracks the fair value (mark to market) of its derivative financial instruments and its possible changes using scenario analyses. The following disclosures provide a sensitivity analysis of the market risks management considered to be reasonably possible at the end of the reporting period based on a stress test of the exchange rates according to an annualized volatility estimated with historic prices obtained for the underlying asset over a period, in the cases of derivative financial instruments related to foreign currency risk, which the Company is exposed to as it relates to in its existing hedging strategy: Change in Foreign Currency Risk Exchange Rate Effect on Equity 2022 FEMSA (1) +10% MXN/USD Ps. 6 ‑10% MXN/USD (6) +10% MXN/EUR 1 ‑10% MXN/EUR (1) +7% CHF/EUR 44 ‑7% CHF/EUR (44) Coca-Cola FEMSA +10% MXN/USD 512 ‑10% MXN/USD (512) +18% BRL/USD 550 ‑18% BRL/USD (550) +7% UYU/USD 25 ‑7% UYU/USD (25) +17% COP/USD 112 ‑17% COP/USD (112) +3% ARS/USD 10 ‑3% ARS/USD (10) +7% CRC/USD 24 -7% CRC/USD (24) 2021 FEMSA (1) +11% MXN/USD Ps. 4 ‑11% MXN/USD (4) +16% BRL/USD 37 ‑16% BRL/USD (37) Coca-Cola FEMSA +11% MXN/USD 298 ‑11% MXN/USD (298) +16% BRL/USD 284 ‑16% BRL/USD (284) +4% UYU/USD 7 ‑4% UYU/USD (7) +11% COP/USD 81 ‑11% COP/USD (81) +1% ARS/USD 3 ‑1% ARS/USD (3) +3% CRC/USD 10 ‑3% CRC/USD (10) 2020 FEMSA (1) +19% MXN/USD Ps. 327 ‑19% MXN/USD (327) +21% BRL/USD 240 ‑21% BRL/USD (240) Coca-Cola FEMSA +19% MXN/USD 884 Change in Foreign Currency Risk Exchange Rate Effect on Equity ‑19% MXN/USD (884) +21% BRL/USD 357 ‑21% BRL/USD (357) +9% UYU/USD 21 ‑9% UYU/USD (21) +16% COP/USD 142 ‑16% COP/USD (142) +2% ARS/USD 2 ‑2% ARS/USD (2) (1) Does not include Coca-Cola FEMSA. Change in Cross Currency Swaps (1) (2) Exchange Rate Effect on Equity Effect on Profit or Loss 2022 FEMSA (3) +21% CLP/USD Ps. — Ps. 966 ‑21% CLP/USD — (966) +10% MXN/USD — 2,647 ‑10% MXN/USD — (2,647) +21% COP/USD — 354 ‑21% COP/USD — (354) +18% USD/BRL — 18 ‑18% USD/BRL — (18) +10% EUR/USD — 1,315 ‑10% EUR/USD — (1,315) +10% EUR/MXN — (902) ‑10% EUR/MXN — 902 Coca-Cola FEMSA +10% MXN/USD 1,220 — ‑10% MXN/USD (1,220) — +18% BRL/USD 2,893 — ‑18% BRL/USD (2,893) — 2021 FEMSA (3) +13% CLP/USD Ps. — Ps. 552 ‑13% CLP/USD — (552) +11% MXN/USD — 3,404 ‑11% MXN/USD — (3,404) +11% COP/USD — 235 ‑11% COP/USD — (235) +15% MXN/BRL — 123 ‑15% MXN/BRL — (123) Coca-Cola FEMSA +6% EUR/USD — 1,049 ‑6% EUR/USD — (1,049) +11% MXN/USD 1,645 — ‑11% MXN/USD (1,645) — +16% BRL/USD 2,300 — ‑16% BRL/USD (2,300) — 2020 FEMSA (3) +13% CLP/USD Ps. — Ps. 717 ‑13% CLP/USD — (717) +19% MXN/USD — 6,381 ‑19% MXN/USD — (6,381) +16% COP/USD — 426 ‑16% COP/USD — (426) +19% MXN/BRL — 238 ‑19% MXN/BRL — (238) Coca-Cola FEMSA +19% MXN/USD 5,507 — ‑19% MXN/USD (5,507) — +21% BRL/USD 2,161 — ‑21% BRL/USD (2,161) — (1) The sensitivity analysis effects include all subsidiaries of the Company. (2) Includes the sensitivity analysis effects of all derivative financial instruments related to foreign exchange risk. (3) Does not include Coca-Cola FEMSA. Change in Net Cash in Foreign Currency (1) Exchange Rate Effect on Profit or Loss 2022 FEMSA (2) +10% EUR/ +10 % USD Ps. 1,779 ‑10% EUR/ -10 % USD (1,779) Coca-Cola FEMSA +10% USD 2,282 ‑10% USD (2,282) 2021 FEMSA (2) +10% EUR/ +11% USD Ps. 4,931 ‑10% EUR/ -11% USD (4,931) Coca-Cola FEMSA +11% USD 3,200 ‑11% USD (3,200) 2020 FEMSA (2) +18% EUR/ +19 % USD Ps. 8,827 ‑18% EUR/ -19 % USD (8,827) Coca-Cola FEMSA +18% USD 5,755 ‑18% USD (5,755) (1) The sensitivity analysis effects include all subsidiaries of the Company. (2) Does not include Coca-Cola FEMSA. Change in Commodity Price Contracts (1) U.S.$ Rate Effect on Equity 2022 Coca-Cola FEMSA Sugar -22 % Ps. (333) Alumimum -35 % Ps. (4,520) 2021 Coca-Cola FEMSA Sugar -28 % Ps. (714) Aluminum -24 % Ps. (39) 2020 Coca-Cola FEMSA Sugar - 32 % Ps. (515) Aluminum - 16 % Ps. (289) (1) Effects on commodity price contracts are only in Coca-Cola FEMSA. 21.10.2 Interest rate risk Interest rate risk is the risk that the fair value or future cash flow of a financial instrument will fluctuate because of changes in market interest rates. The Company is exposed to interest rate risk because it and its subsidiaries borrow funds at both fixed and variable interest rates. The risk is managed by the Company by maintaining an appropriate mix between fixed and variable rate borrowings, and by the use of the different derivative financial instruments. Hedging activities are evaluated regularly to align with interest rate views and defined risk appetite, ensuring the most cost-effective hedging strategies are applied. The following disclosures provide a sensitivity analysis of the interest rate risks management considered to be reasonably possible at the end of the reporting period, which the Company is exposed to as it relates to its fixed and floating rate borrowings, which it considers in its existing hedging strategy: Change in Interest Rate Swap (1) Bps. Effect on Equity 2022 FEMSA (2) (100 Bps.) Ps. (90) 2021 FEMSA (2) (100 Bps.) Ps. (212) 2020 FEMSA (2) (100 Bps.) Ps. (354) (1) The sensitivity analysis effects include all subsidiaries of the Company. (2) Does not include Coca-Cola FEMSA. Interest Effect of Unhedged Portion Bank Loans 2022 2021 2020 Change in interest rate +100 Bps. +100 Bps. +100 Bps. Effect on profit loss Ps. (249) Ps. (627) Ps. (110) 21.10.3 Liquidity risk Each of the Company’s sub-holding companies generally finances its operational and capital requirements on an independent basis. As of December 31, 2022 and 2021, 46.5% and 47.4%, respectively of the Company’s outstanding consolidated total indebtedness was at the level of its sub-holding companies. This structure is attributable, in part, to the inclusion of third parties in the capital structure of Coca-Cola FEMSA. Currently, the Company’s management expects to continue financing its operations and capital requirements (e.g., acquisitions, investments or capital expenditures) when it is considering domestic funding at the level of its sub-holding companies, otherwise; it is generally more convenient that its foreign operations would be financed directly through the Company because of more favorable terms of its financing market conditions. Nonetheless, sub-holdings companies may decide to incur indebtedness in the future to finance their operations and capital requirements of the Company’s subsidiaries or significant acquisitions, investments or capital expenditures. As a holding company, the Company depends on dividends and other distributions from its subsidiaries to service the Company’s indebtedness. The Company’s principal source of liquidity has generally been cash generated from its operations. The Company has traditionally been able to rely on cash generated from operations because a significant majority of the sales of Coca-Cola FEMSA and Proximity Division - Americas, Health Division and Fuel Division are on a cash or short-term credit basis, and OXXO stores can finance a significant portion of their initial and ongoing inventories with supplier credit. The Company’s principal use of cash has generally been for capital expenditure programs, acquisitions, debt repayment and dividend payments. Ultimate responsibility for liquidity risk management rests with the Company’s board of directors, which has established an appropriate liquidity risk management framework for the management of the Company’s short-, medium- and long-term funding and liquidity requirements. The Company manages liquidity risk by maintaining adequate cash reserves and continuously monitoring the forecast and actual cash flows, and with a low concentration of maturities per year. The Company has access to credit from national and international banking institutions to meet treasury needs. The Company has the highest rating for Mexican companies (AAA) given by independent rating agencies, allowing the Company to evaluate capital markets in case it needs resources. As part of the Company’s financing policy, management expects to continue financing its liquidity needs with cash from operations. Nonetheless, as a result of regulations in certain countries in which the Company operates, it may not be beneficially practicable to remit cash generated in local operations to fund cash requirements in other countries. If cash from operations in these countries is not sufficient to fund future working capital requirements and capital expenditures, management may decide, or be required, to fund cash requirements in these countries through local borrowings rather than remitting funds from another country. In the future the Company’s management may finance its working capital and capital expenditure needs with short-term or other borrowings. The Company’s management continuously evaluates opportunities to pursue acquisitions or engage in joint ventures or other transactions. We would expect to finance any significant future transactions with a combination of cash from operations, long-term indebtedness and capital stock. The Company’s sub-holding companies generally incur short-term indebtedness if they are temporarily unable to finance operations or meet any capital requirements with cash from operations. A significant decline in the business of any of the Company’s sub-holding companies may affect the sub-holding company’s ability to fund its capital requirements. A significant and prolonged deterioration in the economies in which we operate or in the Company’s businesses may affect the Company’s ability to obtain short-term and long-term credit or to refinance existing indebtedness on terms satisfactory to the Company’s management. The Company presents the maturity dates associated with its long-term financial liabilities as of December 31, 2022, see Note 19. The Company generally makes payments associated with its long-term financial liabilities with cash generated from its operations. The following table reflects all contractually fixed pay-offs for settlement, repayments and interest resulting from recognized financial liabilities. It includes expected net cash outflows from derivative financial liabilities that are in place as of December 31, 2022. Such expected net cash outflows are determined based on each particular settlement date of an instrument. The amounts disclosed are undiscounted net cash outflows for the respective upcoming fiscal years, based on the earliest date on which the Company could be required to pay. Cash outflows for financial liabilities (including interest and excluding IFRS 16 lease liabilities) without fixed amount or timing are based on economic conditions (like interest rates and foreign exchange rates) existing on December 31, 2022. 2028 and thereafter 2023 2024 2025 2026 2027 Non-derivative financial liabilities: Notes and bonds Ps. 17,257 Ps. 3,610 Ps. 5,464 Ps. 6,677 Ps. 12,166 Ps. 222,563 Loans from Banks 4,594 5,092 301 158 1,317 813 Lease liabilities 14,374 — — — 45,562 46,630 Derivative financial liabilities (4,359) 118 24 571 328 (6,421) The Company generally makes payments associated with its non-current financial liabilities with cash generated from its operations. 21.10.4 Credit risk Credit risk refers to the risk that a counterparty will default on its contractual obligations resulting in financial loss to the Company. The Company has adopted a policy of only dealing with creditworthy counterparties, where appropriate, as a means of mitigating the risk of financial loss from defaults. The Company only transacts with entities that are rated the equivalent of investment-grade and above. This information is supplied by independent rating agencies where available and, if not available, the Company uses other publicly available financial information and its own trading records to rate its major customers. The Company’s exposure and the credit ratings of its counterparties are continuously monitored, and the aggregate value of transactions concluded is spread amongst approved counterparties. Credit exposure is controlled by counterparty limits that are reviewed and approved by the risk management committee. The Company has a high receivable turnover; hence management believes credit risk is minimal due to the nature of its businesses, which have a large portion of their sales settled in cash. The Company’s maximum exposure to credit risk for the components of the statement of financial position at December 31, 2022 and 2021 is the carrying amounts, see Note 7. The Company manages the credit risk related to its derivative portfolio by only entering into transactions with reputable and credit-worthy counterparties as well as by maintaining in some cases a Credit Support Annex (“CSA”) that establishes margin requirements, which could change upon changes to the credit ratings given to the Company by independent rating agencies. As of December 31, 2022, the Company concluded that the maximum exposure to credit risk related to derivative financial instruments is not significant given the high credit rating of its counterparties. 21.11 Cash flows hedges The Company determines the existence of an economic relationship between the hedging instruments and the hedged item based on the currency, amount, and timing of their respective cash flows. The Company evaluates whether the derivative designated in each hedging relationship is expected to be effective and that it has been effective to offset changes in the cash flows of the hedged item using the hypothetical derivative method. In these hedging relationships, the main sources of inefficiency are: • The effect of the credit risk of the counterparty and the Company on the fair value of foreign currency forward contracts, which is not reflected in the change in the fair value of the hedged cash flows; and • Changes in the period hedges. As of December 31, 2022, the Company’s financial instruments used to hedge its exposure to foreign exchange rates and interest rates are as follows: Maturity 1‑6 months 6‑12 months More than 12 Foreign exchange currency risk Foreign exchange currency forward contracts Net exposure 3,416 2,485 2 Average exchange rate MXN/USD 20.72 20.88 24.33 Net exposure 1,857 746 — Average exchange rate BRL/USD 5.34 5.55 — Net exposure 407 207 — Average exchange rate COP/USD 4,502 4,977 — Net exposure 437 — — Average exchange rate ARS/USD 231.40 — — Net exposure 299 139 — Average exchange rate URY/USD 42.51 42.74 — Net exposure 332 182 — Average exchange rate CRC/USD 686.50 664.50 — Net exposure 293 — — Average exchange rate ARS/MXN 10.57 — — Foreign exchange currency swap contracts Net exposure 12,670 1,743 29,324 Average exchange rate MXN/USD 12.67 19.08 18.11 Net exposure — 9,294 6,874 Average exchange rate BRL/USD — 4 5.28 Net exposure 345 250 2,313 Average exchange rate COP/USD 3,926 2,333.06 3,510.06 Net exposure 3,306 — 1,225 Average exchange rate CLP/USD 774.49 — 677 Net exposure — — 22,130 Average exchange rate EUR/USD — — 0.91 Interest rate risk Interest rate swaps Net exposure — — 9,681 Interest rate average BRL — — 0.16 % Net exposure — — 11,403 Interest rate average MXN — — 7.17 % Net exposure 271 — — Interest rate average CLP 5.79 % — — Net exposure — — 3 Interest rate average USD — — 3.57 % Commodities risk Aluminum 294 368 — Average price (USD/Ton) 2,483 2,480 — Sugar 1,058 631 468 Average price (USD cent/Lb) 17.62 17.08 17.14 As of December 31, 2021, the Company’s financial instruments used to hedge its exposure to foreign exchange rates and interest rates are as follows: Maturity 1‑6 months 6‑12 months More than 12 Foreign exchange currency risk Foreign exchange currency forward contracts Net exposure Ps. 1,996 Ps. 1,068 Ps. 25 Average exchange rate MXN/USD 20.90 21.43 24.33 Net exposure 1,171 593 — Average exchange rate BRL/USD 5.44 5.97 — Net exposure 497 191 — Average exchange rate COP/USD 3,858 3,952 — Net exposure 280 — — Average exchange rate ARS/USD 122.56 — — Net exposure 165 48 — Average exchange rate URY/USD 45.51 46.30 — Net exposure 211 120 — Average exchange rate CRC/USD 646.33 650.71 — Foreign exchange currency swap contracts Net exposure — — 44,507 Average exchange rate MXN/USD — — 16.41 Net exposure — — 15,026 Average exchange rate BRL/USD — — 4.47 Net exposure — — 885 Average exchange rate BRL/MXN — — 0.22 Net exposure 1,038 321 2,384 Average exchange rate COP/USD 3,207.80 3,240 3,431.99 Net exposure — 3,514 1,311 Average exchange rate CLP/USD — 696.02 677 Net exposure — — 15,078 Average exchange rate EUR/USD — — 0.86 Interest rate risk Interest rate swaps Net exposure — — 6,175 Interest rate average BRL — — 0.09 % Net exposure — — 11,403 Interest rate average MXN — — 7.17 % Net exposure — 131 726 Interest rate average CLP — 6.55 % 5.79 % Net exposure — — 2,367 Interest rate average USD — — 3.57 % Commodities risk Aluminum 67 35 — Average price (USD/Ton) 1,722 1,777 — Sugar 1,366 653 769 Average price (USD cent/Lb) 15.22 14.76 14.74 Maturity 1‑6 months 6‑12 months More than 12 PX+MEG 337 134 — Average price (USD /Ton) 934 866 — As of December 31, 2022, a reconciliation per category of equity components and an analysis of OCI components, net of tax; generated by the cash flow hedges were as follows: Hedging reserve Balances at beginning of the period Ps. 4,121 Cash flows hedges Fair value changes: Foreign exchange currency risk – Purchase of stock (908) Foreign exchange currency risk – Other stock (5,538) Interest rate risk 199 Commodity price contracts – Purchase of stock 235 The amounts reclassified to profit and loss: Foreign exchange currency risk – Other stock 2,696 Interest rate risk — The amounts included in non-financial costs: Foreign exchange currency risk – Purchase of stock 526 Commodity price contracts – Purchase of stock (613) Taxes due to changes in reserves during the period 1,163 Balances at the end of the period Ps. 1,881 Impact of hedging on equity Set out below is the reconciliation of each component of equity and the analysis of other comprehensive income: Foreign currency option Foreign currency option Cross-currency swaps Interest rate swaps Treasury Lock contracts Commodity price contracts Total holders of the parent Non-controlling interest Total As at January 1, 2021 Ps. (541) Ps. — Ps. 2,729 Ps. (442) Ps. — Ps. 109 Ps. 1,854 Ps. (274) Ps. 1,580 Financial instruments – purchases 33 — 1,040 — — 202 1,274 541 1,816 Change in fair value of financial instruments recognized in OCI (13) — 2,036 584 — 390 2,998 2,088 5,086 Amount reclassified from OCI to profit or loss 568 — (1,587) — — (539) (1,558) (325) (1,883) Foreign currency revaluation of the net foreign operations — — (654) — — — (654) (836) (1,490) Effects of changes in foreign exchange rates 3 — 4 — — (4) 3 2 5 Tax effect (175) — (165) (175) — (16) (531) (460) (992) As at December 31, 2021 Ps. (124) Ps. — Ps. 3,403 Ps. (34) Ps. — Ps. 141 Ps. 3,385 Ps. 736 Ps. 4,121 Financial instruments – purchases (223) — (2,080) — — (23) (2,326) (269) (2,595) Change in fair value of financial instruments recognized in OCI (211) — (3,231) 199 — 133 (3,110) (1,500) (4,610) Amount reclassified from OCI to profit or loss 303 — 2,674 — — (289) 2,688 (79) 2,609 Foreign currency revaluation of the net foreign operations — — 513 — — — 513 670 1,183 Effects of changes in foreign exchange rates 2 — 1 — — 1 4 6 10 Tax effect 30 — 769 (54) — 59 804 359 1,163 As at December 31, 2022 Ps. (223) Ps. — Ps. 2,049 Ps. 111 Ps. — Ps. 22 Ps. 1,958 Ps. (77) Ps. 1,881

Non-Controlling Interest in Con

Non-Controlling Interest in Consolidated Subsidiaries	12 Months Ended
	Dec. 31, 2022
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, 2022 and 2021 is as follows: December 31, 2022 December 31, 2021 Coca-Cola FEMSA Ps. 72,128 Ps. 69,692 Other 3,069 2,824 Ps. 75,197 Ps. 72,516 The changes in the FEMSA’s non-controlling interest were as follows: 2022 2021 2020 Balance at beginning of the period Ps. 72,516 Ps. 69,444 Ps. 73,762 Net income of non-controlling interest 10,834 9,183 5,686 Other comprehensive loss: (2,198) (368) (5,793) Exchange differences on translation of foreign operation (1,558) (1,342) (5,958) Remeasurements of the net defined benefits liability 173 (36) (169) Valuation of the effective portion of derivative financial instruments (813) 1,010 334 Dividends (6,176) (5,729) (5,524) Share based payment (57) (14) (64) Acquisition of Envoy Solutions non-controlling interest (see Note 4.1) — — 1,298 Other acquisitions and remeasurements 5 — 79 Repurchase of non-controlling interests (79) — — Contribution from non-controlling interest 352 — — Balance at end of the period Ps. 75,197 Ps. 72,516 Ps. 69,444 Non-controlling interest’s accumulated other comprehensive income is comprised as follows: December 31, 2022 December 31, 2021 Exchange differences on translation foreign operation Ps. (9,557) Ps. (7,999) Remeasurements of the net defined benefits liability (422) (595) Valuation of the effective portion of derivative financial instruments (80) 733 Accumulated other comprehensive income Ps. (10,059) Ps. (7,861) 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, 2022 December 31, 2021 Total current assets Ps. 79,212 Ps. 80,364 Total non-current assets 198,783 191,203 Total current liabilities 57,960 46,221 Total non-current liabilities 88,159 97,774 Total revenue Ps. 226,740 Ps. 194,804 Consolidated net income 19,626 16,331 Consolidated comprehensive income for the year, net of tax Ps. 15,767 Ps. 15,764 Net cash flows generated from operating activities 35,491 32,721 Net cash flows used in investing activities (19,597) (9,547) Net cash flows used in financing activities (20,847) (20,263) 22.1 Options embedded from past acquisitions Health Division entered into option transactions regarding the remaining 40% non-controlling interest not held by Health Division. On December 13, 2019, the former controlling shareholders of Socofar exercised their put option to sell the remaining 40% non-controlling interest to Health Division at the fair value of the interest. As of December 31, 2019, the Company recognized a loss in the consolidated statements of changes in equity and Socofar has been included 100% in the consolidated statements of financial position. The former controlling shareholders of Open Market retain a put 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. 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. Both options would be exercisable at the then fair value of the interest and shall remain indefinitely. For the 90 days beginning the fifth anniversary of the closing of the purchase of the 89.5% controlling interest of NW Synergy Holdings, LLC (the purchase of NW Synergy, now Envoy Solutions LLC), and for a period of 90 days beginning from the sixth to tenth anniversary of the purchase of NW Synergy, the Company shall have the right to require any non-controlling member or both to sell their entire interest in the partnership at a price equal to the market value, provided that, the Company does not exercise such right during the fifth and sixth anniversary of the closing date of the purchase. Considering that this option can be exercised at fair value at the date of the event, its intrinsic value is not significantly different from zero as of December 31, 2022.

Equity

Equity	12 Months Ended
	Dec. 31, 2022
Equity [abstract]
Equity	Equity 23.1 Equity accounts The capital stock of FEMSA is comprised of 2,161,177,770 BD units and 1,417,048,500 B units. As of December 31, 2022 and 2021, the common stock of FEMSA was comprised of 17,891,131,350 common shares, without par value and with no foreign ownership restrictions. Fixed capital stock amounts to Ps. 300 (nominal value) and the variable capital may not exceed 10 times the minimum fixed capital stock amount. The characteristics of the common shares are as follows: • Series “B” shares, with unlimited voting rights, which at all times must represent a minimum of 51% of total capital stock; • Series “L” shares, with limited voting rights, which may represent up to 25% of total capital stock; and • Series “D” shares, with limited voting rights, which individually or jointly with series “L” shares may represent up to 49% of total capital stock. The Series “D” shares are comprised as follows: • Subseries “D-L” shares may represent up to 25% of the series “D” shares; • Subseries “D-B” shares may comprise the remainder of outstanding series “D” shares; and • The non-cumulative premium dividend to be paid to series “D” shareholders will be 125% of any dividend paid to series “B” shareholders. The Series “B” and “D” shares are linked together in related units as follows: • “B units” each of which represents five series “B” shares, and which are traded on the BMV; and • “BD units” each of which represents one series “B” share, two subseries “D-B” shares and two subseries “D-L” shares, and which are traded both on the BMV and the NYSE. As of December 31, 2022 and 2021, FEMSA’s capital stock is comprised as follows: “B” Units “BD” Units Total Units 1,417,048,500 2,161,177,770 3,578,226,270 Shares: Series “B” 7,085,242,500 2,161,177,770 9,246,420,270 Series “D” — 8,644,711,080 8,644,711,080 Subseries “D-B” — 4,322,355,540 4,322,355,540 Subseries “D-L” — 4,322,355,540 4,322,355,540 Total shares 7,085,242,500 10,805,888,850 17,891,131,350 The net income of the Company is subject to the legal requirement that 5% thereof be transferred to a legal reserve until such reserve equals 20% of common stock at nominal value. This reserve may not be distributed to shareholders during the existence of the Company, except as a stock dividend. As of December 31, 2022 and 2021, this reserve amounted to Ps. 596. Retained earnings and other reserves distributed as dividends, as well as the effects derived from capital reductions, are subject to income tax at the rate in effect at the date of distribution, except when capital reductions come from restated shareholder contributions (“CUCA”) and when the distributions of dividends come from net taxable income, denominated Cuenta de Utilidad Fiscal Neta (“CUFIN”). Dividends paid more than CUFIN are subject to income tax at a grossed-up rate based on the current statutory rate. Since 2003, this tax may be credited against the income tax of the year in which the dividends are paid, and in the following two years against the income tax and estimated tax payments. A new Income Tax Law (“LISR”) went into effect on January 1, 2014; such law no longer includes the tax consolidation regime which allowed calculating the CUFIN on a consolidated basis; therefore, beginning in 2014, distributed dividends must be taken from the individual CUFIN balance of FEMSA, which can be increased with the subsidiary companies’ individual CUFINES through the transfers of dividends. The sum of the individual CUFIN balances of FEMSA and its subsidiaries as of December 31, 2022 At an ordinary shareholders’ meeting of FEMSA held on March 20, 2020, the shareholders approved a dividend of Ps. 10,360 that was paid 50% on August 20, 2020, and the other 50% on November 5, 2020; and a reserve for share repurchase of a maximum of Ps. 17,000. As of December 31, 2020, the Company has not repurchased shares. Treasury shares resulted from share-based payment bonus plan are disclosed in Note 18. At an ordinary shareholders’ meeting of Coca-Cola FEMSA held on March 17, 2020, the shareholders approved a dividend of Ps. 10,210 that was paid 50% on May 5, 2020 and other 50% on November 3, 2020. The corresponding payment to the non-controlling interest was Ps. 5,389. At an ordinary shareholders’ meeting of FEMSA held on March 24, 2021, the shareholders approved a dividend of Ps.7,687 that was paid 50% on May 6, 2021, and the other 50% on November 5, 2021; and a reserve for share repurchase of a maximum of Ps. 17,000. As of December 31, 2021, the Company has not repurchased shares. Treasury shares resulting from the share-based payment bonus plan are disclosed in Note 18. At an ordinary shareholders’ meeting of Coca-Cola FEMSA held on March 19, 2021, the shareholders approved a dividend of Ps. 10,588 that was paid 50% on May 4, 2021, and the other 50% on November 3, 2021. The corresponding payment to the non-controlling interest was Ps. 5,588. At an ordinary shareholders’ meeting of FEMSA held on April 8, 2022, the shareholders approved a dividend of Ps.11,358 that was paid 50% on May 5, 2022, and the other 50% on November 7, 2022; and a reserve for share repurchase of a maximum of Ps. 17,000. As of December 31, 2022, the Company has not repurchased shares. Treasury shares resulting from the share-based payment bonus plan are disclosed in Note 18. At an ordinary shareholders’ meeting of Coca-Cola FEMSA held on March 28, 2022, the shareholders approved a dividend of Ps. 11,407 that was paid 50% on May 3, 2022, and the other 50% on November 3, 2022. The corresponding payment to the non-controlling interest was Ps. 6,021. For the years ended December 31, 2022, 2021 and 2020 the dividends declared and paid by the Company and Coca-Cola FEMSA were as follows: 2022 2021 2020 FEMSA Ps. 11,358 Ps. 7,687 Ps. 10,360 Coca-Cola FEMSA (100% of dividend) 11,407 10,588 10,210 For the years ended December 31, 2022, 2021 and 2020 the dividends declared and paid per share by the Company are as follows: Series of Shares 2022 2021 2020 “B” Ps. 0.56600 Ps. 0.38333 Ps. 0.51667 “D” 0.70850 0.47917 0.64583 23.2 Capital management The Company manages its capital to ensure that its subsidiaries will be able to continue as going concerns while maximizing the return to shareholders through the optimization of its debt and equity balance to obtain the lowest cost of capital available. The Company manages its capital structure and makes adjustments to it in light of changes in economic conditions. To maintain or adjust the capital structure, the Company may adjust the dividend payment to shareholders, return capital to shareholders or issue new shares. No changes were made in the objectives, policies or processes for managing capital during the years ended December 31, 2022 and 2021. The Company is not subject to any externally imposed capital requirements, other than the legal reserve (see Note 23.1) and debt covenants (see Note 19). The Company's Finance, Planning and the Corporate Practices Committees review the capital structure of the Company on a quarterly basis. As part of this review, the committee considers the cost of capital and the risks associated with each class of capital. In conjunction with this objective, the Company seeks to maintain the highest credit rating both national and international, currently rated as of December 31, 2022 AAA and BBB+ respectively, which requires it to have a debt to earnings before interest, taxes, depreciation and amortization (“EBITDA”) ratio lower than 2. As a result, before entering into new business ventures, acquisitions or divestitures, management evaluates the optimal ratio of debt to EBITDA to maintain its credit rating.

Earnings per Share

Earnings per Share	12 Months Ended
	Dec. 31, 2022
Earnings per share [abstract]
Earnings per Share	Earnings per ShareBasic earnings per share amounts are calculated by dividing consolidated net income for the year attributable to controlling interest by the weighted average number of shares outstanding during the period adjusted for the weighted average of own shares purchased in the period. Diluted earnings per share amounts are calculated by dividing consolidated net income for the year attributable to controlling interest by the weighted average number of shares outstanding during the period adjusted for the effects of dilutive potential shares (originated by the Company’s share-based payment program). 2022 2021 2020 Per Series Per Series Per Series Per Series Per Series Per Series “B” Shares “D” Shares “B” Shares “D” Shares “B” Shares “D” Shares (in millions of shares) Weighted average number of shares for basic earnings per share 9,241.72 8,625.92 9,242.88 8,630.54 9,243.59 8,633.38 Effect of dilution associated with non-vested shares for share based payment plans 4.70 18.79 3.54 14.17 2.83 11.33 Weighted average number of shares adjusted for the effect of dilution (Shares outstanding) 9,246.42 8,644.71 9,246.42 8,644.71 9,246.42 8,644.71 Dividend rights per series (see Note 23.1) 100 % 125 % 100 % 125 % 100 % 125 % Weighted average number of shares further adjusted to reflect dividend rights 9,246.42 10,805.89 9,246.42 10,805.89 9,246.42 10,805.89 Basic earnings per share 1.19 1.49 1.42 1.78 (0.10) (0.12) Diluted earnings per share 1.19 1.49 1.42 1.78 (0.10) (0.12) Allocation of earnings, weighted 46.11 % 53.89 % 46.11 % 53.89 % 46.11 % 53.89 % Net controlling interest income allocated Ps. 11,025 Ps. 12,884 Ps. 13,139 Ps. 15,356 Ps. (890) Ps. (1,040)

Taxes

Taxes	12 Months Ended
	Dec. 31, 2022
Taxes [Abstract]
Taxes	Taxes 25.1 Recoverable taxes Recoverable taxes are mainly the result of higher provisional payments of value added tax and income tax in Mexico during 2022 in comparison to the current year provision, which will be compensated in future years. The operations in Guatemala, Panama, Nicaragua and Colombia are subject to a minimum tax. In Guatemala and Colombia this tax is recoverable under certain circumstances only. Guatemala’s tax basis is determined considering the highest between total assets and net income; in Colombia the tax basis is equity. 25.1.1 Exclusion of the State VAT (ICMS) on the federal sale taxes (PIS / COFINS) calculate basis On March 15, 2017 the Brazilian Federal Supreme Court (STF) ruled that the inclusion of the VAT (ICMS) on federal sales taxes (PIS and COFINS) taxable basis was unconstitutional. During 2019, our companies in Brazil obtained conclusive favorable motions over this exclusion of VAT (ICMS) over PIS / COFINS calculation. The net favorable effects of each case are to be recorded at the time all formalities and legal procedures are finalized and recovery of the taxes paid becomes virtually certain. During 2022, 2021 and 2020, the administrative formalities for three of the motions and the recoverable taxes were concluded and were recorded in other operating revenues in the income statement. As of December 31, 2022 and 2021 the amount of recoverable taxes in Brazil including PIS and COFINS is Ps. 1,060 and Ps. 1,243. 25.2 Tax Reforms Chile In 2020 Corporate Income Tax rate in Chile remains 27%. The Chilean tax authority included an instant depreciation regime of 50% for the acquisition of new assets acquired between January 1, 2020 and December 31, 2021, with the possibility to apply accelerated depreciation to the 50% residual basis. Mexico In accordance with amendments to Mexican tax laws in effect from January 1, 2022, Mexican issuers are joint and severally liable for taxes payable on gains derived from the sale or disposition of its shares or securities representing its shares, such as ADSs, by major shareholders who are non-Mexican residents with no permanent establishment in Mexico for tax purposes, to other non-Mexican residents with no permanent establishment in Mexico for tax purposes, to the extent that such Mexican issuer fails to provide certain information with respect to such sale or disposition to the Mexican tax authorities. For purposes of these regulations, “major shareholders” are shareholders that are identified in reports submitted by the Mexican issuer to the CNBV on an annual basis as a result of being (i) directors or officers who directly or indirectly own 1.0% or more of the Mexican issuer’s capital stock, (ii) shareholders who directly or indirectly own 5.0% or more of the Mexican issuer’s capital stock or (iii) within the ten largest shareholders of the Mexican issuer based on direct ownership of shares of capital stock. Although in some instances Mexican tax authorities have indicated that this reporting obligation would only apply to transfers of shares or securities representing shares that result in a change of control, there are no established criteria or general interpretations to that effect issued by the Mexican tax authorities. There is currently no obligation by non-Mexican residents to inform Mexican issuers about their sales or dispositions of shares or securities representing shares, which limits our ability to comply with our reporting obligations to the Mexican tax authorities. Therefore, the amount of a potential tax liability is uncertain and difficult to determine given inherent mechanics and procedures, including the application of any tax treaties available, applicable to the trading of publicly-traded securities. In April of 2021 a Labor reform with tax implications was approved, in which was established that companies may only contract services from specialized personnel that is not directly associated with their core business or their main activity and impose several compliance requirements to support the tax deduction as well as the ability to credit the value-added tax generated. This reform was enacted on September 1, 2021. As consequence of the 2021 labor law reform there was an increase in the employee profit sharing to be paid to employees on a yearly basis. The increase is the result of transferring employees as obligated by the labor law from service companies to operating companies, where the profit margins are higher and therefore more profit sharing is expected to be paid. In addition, there is a cap on the payment of profit sharing of up to three months of salary per employee or the average of profit sharing received by each employee in the previous three years, whichever is greater. In January of 2021 a modification of the Mexican Federal Tax Code to increase the number of events that may trigger the joint and several liabilities of partners, shareholders, directors, managers or any other person responsible for the management of a business, added a new disclosure obligation of certain reportable transactions to tax authorities, and increase the tax authorities’ discretion to limit tax benefits or attributes in situations where authorities consider that merely a tax benefit, rather than a business reason or an alternative economic benefit, is the primary factor behind a transaction or legal structure. On January 1, 2020, a new tax regime in Mexico was effective regarding foreign transparent vehicles and changes were made to the preferential tax regime. As a result of such changes, the dividends from Heineken Group are subject to a 30% income tax in Mexico when received. Starting January 1, 2020, the excise tax increased from 5.0% to 7.0% to carbonated beverages added with sugar or any caloric sweetener. Drinkable foods based on dairy products, grains or cereals, nectars, fruit juices and vegetables with natural fruit concentrates are exempt from this tax. In addition to the above, on October 30, 2019, Mexico approved a new Tax Reform, which was effective on January 1, 2020. The most relevant changes are: (i) Taxpayers have been limited to a net interest deduction equal to 30% of the entity’s Adjusted Taxable Income (ATI). ATI is determined similarly to EBITDA (earnings before interest, taxes, depreciation and amortization). A $20,000,000 pesos (approximately USD 1M) exception applies for deductible interest at a Mexican group level. The non-deductible interests that exceed the limitation could be carried forward for the subsequent 10 tax years; (ii) The reform modifies the excise tax (IEPS) of 1.17 pesos to 1.2616 per liter on the production, sale and import of beverages with added sugar and HFCS (High-fructose corn syrup) for flavored beverages and starting January 1, 2021, this tax is subject to an annual increase based on the inflation of the previous year; (iii) The excise tax of 25% on energized beverages is applicable whenever the beverages include a mixture of caffeine with any other stimulating effects substances; (iv) Federal Fiscal Code (FFC) was modified to attribute joint liability to partners, shareholders, directors, managers or any other responsible of the management of the business; (v) added a disclosure obligation of certain reportable transactions to tax authorities; and (vi) increased the tax authorities’ discretion to limit tax benefits or attributes in situations where authorities understand there is a lack of business reason and no economic benefit obtained, other than the tax benefit. On January 1, 2019, the Mexican government eliminated the right to offset any tax credit against any payable tax (general offset or “compensación universal” in spanish). As of such date, the right to offset any tax credit is against taxes of the same nature and payable by the same person (not being able to offset tax credits against taxes payable by third parties). Additionally, by Executive Decree, certain tax benefits related to the value-added tax and income tax were provided to businesses located on the northern border of Mexico. Due to the territories where we operate, this last provision does not apply to our business. Colombia In 2021 a new tax reform in Colombia increased the income tax rate from 30% to 35% for 2022 onwards and limited to 50% the possibility to deduct the municipality sales tax against income tax. On January 1, 2019, a new tax reform became effective in Colombia. This reform reduced the income tax rate from 33.0% for 2019 to 32.0% for 2020, to 31.0% for 2021 and to 30.0% for 2022. The minimum assumed income tax (renta presuntiva sobre el patrimonio) was also reduced from 3.5% for 2018 to 1.5% for 2019 and 2020, and to 0.0% for 2021. In addition, the thin capitalization ratio was adjusted from 3:1 to 2:1, and was modified to apply only to transactions between related parties. Commencing on January 1, 2019, value-added tax, which was applied only to the first sale in the supply chain before December 31, 2018, began to be applied and transferred throughout the entire supply chain, which in our case results in charging value-added tax on the sales price of our finished goods (applicable to our Colombian subsidiary located in the free trade zone). For companies located in free trade zones, the value-added tax is charged on the cost of imported raw materials of national and foreign origin, which we can credit against the value-added tax on the sales price of our products. The municipality sales tax is 50.0% deductible against payable income tax for 2019 and will be 100.0% deductible in 2020. Finally, the value-added tax paid on acquired fixed assets will be credited against income tax or the minimum assumed income tax. Additionally, this tax reform increased the tax rate on dividends paid to foreign individuals and non-resident entities from 5.0% to 7.5%. The tax reform also imposed a tax rate of 7.5% on dividends paid to Colombian companies. This tax is charged only on the first distribution of dividends from one Colombian corporate entity to another, and a credit resulting from the tax withholding is carried forward until a Colombian company makes a distribution to a shareholder that is an individual residing in Colombia or a non-resident individual or entity. In October 2019, the Colombian courts declared the tax reform that became effective on January 1, 2019 unconstitutional. On December 27, 2019, the Colombian government enacted a new tax reform, which became effective on January 1, 2020. In general, the reform maintained the provisions introduced on the previous tax reform and included some additional changes, as follows: (i) the minimum assumed income tax rate (renta presuntiva sobre el patrimonio) was reduced from 1.5% to 0.5% for 2020 and reduced to 0.0% for the year 2021 and beyond; (ii). the tax rate on dividends paid to Colombian resident individuals was reduced from 15.0% to 10.0%; (iii) the tax rate on dividends paid to foreign individuals and non-resident entities was increased from 7.5% to 10.0%; (iv) the possibility to deduct 100% of the municipality sales tax against payable income tax was postponed to 2022; and (v) taxpayers were granted more flexibility to credit or recover the value-added tax of imported goods from free trade zones. Costa Rica On July 1, 2019, a tax reform became effective in Costa Rica. This reform allowed tax credits on sales taxes to be recorded on goods, administrative services, and general expenses. The value-added tax rate of 13.0% on services provided within Costa Rica now applies to both domestic and foreign service providers. Capital gains taxes are now imposed at a rate of 15.0% on sales of assets located in Costa Rica. New income tax withholding rates are now imposed on salaries and other employee benefits at the rates of 25.0% and 20.0%, depending on the salary bracket. Finally, a new thin capitalization rule provides that interest expenses paid to entities other than members of the Costa Rican financial system that exceed 20.0% of a company’s EBITDA are not deductible for income tax purposes. Panama Until November 17, 2019, Panama imposed an excise tax of 5.0% on carbonated beverages and imported non-carbonated beverages and a 10.0% selective consumption tax on syrups, powders and concentrate used to produce sugary drinks. On November 18, 2019, Panama replaced such excise tax with an excise tax of 7.0% on carbonated beverages with more than 7.5 grams of sugar or any caloric sweetener per 100 ml, and a 10.0% tax on syrups, powders and concentrate used to produce sugary drinks. As of January 1, 2020, Panama imposes an excise tax of 5.0% on non-carbonated beverages with more than 7.5 grams of sugar or any caloric sweetener per 100 ml, whether imported or produced locally. Beverages derived from dairy products, grains or cereals, nectars, fruit juices and vegetables with natural fruit concentrates are exempt from this tax. Nicaragua On March 1, 2019, a tax reform became effective in Nicaragua, increasing the excise tax for all beverages (except for water) from 9.0% to 11.0%; to 13.0% on January 1, 2020; and to 15.0% starting on January 1, 2021. Besides, starting on March 1, 2019, the minimum alternative income tax increased from 1.0% to 3.0%. Uruguay On December 29, 2020, the Uruguayan government issued an executive decree to modify the way the excise tax credit of beverages sold in returnable bottles is calculated, which excise tax credit is currently 1.15 Uruguayan pesos (Ps. 0.53 as of December 31,2020) per liter. Starting on January 1, 2021 and until June 30, 2021, the excise tax credit shall be calculated based on the ratio of purchases made by any entity in Uruguay of returnable bottles produced in Uruguay in the last three years to the total purchases of returnable bottles made by such entity in and outside Uruguay in the last three years. The Uruguayan government did not issue another executive decree with the rules so since July 1, 2021, this tax credit is no longer applicable. On December 31, 2021 Uruguayan government issued an executive decree that increased the excise tax from 19% to 22% for energy drinks that should have applied beginning January 2022. On December 29, 2020, the Uruguayan government issued an executive decree to modify the way the excise tax credit of beverages sold in returnable bottles is calculated, which excise tax credit is currently 1.15 Uruguayan pesos (Ps. 0.53 as of December 31, 2021) per liter. Starting on January 1, 2021 and until June 30, 2021, the excise tax credit was calculated based on the ratio of purchases made by any company in Uruguay selling returnable bottles produced in Uruguay in the last three years to the total purchases of returnable bottles made by such company in and outside Uruguay in the last three years. The Uruguayan government did not issue another executive decree with the rules so since July 1, 2021, this tax credit is no longer applicable. Brazil In early 2017, the Supreme Court decided that the value-added tax would not be used as the basis for calculating the federal sales tax, resulting in a reduction of the federal sales tax. The Brazilian tax authorities have appealed the Supreme Court’s decision and such appeal was refused on a final decision on May 2021. However, Coca-Cola FEMSA Brazilian subsidiaries commenced legal proceedings to ascertain their ability to calculate federal sales tax without using the value-added tax as a basis by the Supreme Court’s first ruling and obtained a final favorable resolution in 2019. In 2021, the federal production and sales taxes together resulted in an average of 16.20% tax over net sales. In recent years, the excise tax rate on concentrate in Brazil has undergone recurrent temporary fluctuations. The excise tax rate was reduced from 20.0% to 4.0% from September 1, 2018 to December 31, 2018, was increased from 4.0% to 12.0% from January 1, 2019 to June 30, 2019, was reduced to 8.0% from July 1, 2019 to September 30, 2019 and was increased to 10.0% from October 1, 2019 to December 31, 2019. The excise tax rate was reduced to 4.0% from January 1, 2020 to May 31, 2020, was increased to 8.0% from June 1, 2020 to November 30, 2020 and was reduced again to 4.0% on December 1, 2020 till January 31, 2021 and it was increased to 8% from February 1, 2021 onward. The tax credit that Coca-Cola FEMSA may recognize in its Brazilian operations in connection with purchases of concentrate in the Manaus free Trade Zone has been affected accordingly. Argentina In 2021, the government issued a new law increasing the income tax rate to 35% for 2021 onwards and consider a tax rate of 7% on dividends paid to nonresidents or individuals. On January 1, 2018, a tax reform became effective in Argentina. This reform reduced the income tax rate from 35.0% to 30.0% for 2018 and 2019, and then to 25.0% for 2020. In addition, such reform imposed a new tax on dividends paid to nonresident stockholders and resident individuals at a rate of 7.0% for 2018 and 2019, and then to 13.0% for the following years. Also, the tax reform decreased the sales tax rate in the province of Buenos Aires from 1.75% to 1.5% in 2018. However, the reform increased the sales tax rate in the City of Buenos Aires from 1.0% to 2.0% in 2018, and scheduled a reduction to 1.5% in 2019, to 1.0% in 2020, to 0.5% in 2021 and to 0.0% in 2022. Nonetheless, the Argentine government issued several decrees since 2019 to maintain the sales tax rate for both the province of Buenos Aires and the City of Buenos Aires at 1.5% since then. 25.3 Income Tax The major components of income tax expense for the years ended December 31, 2022, 2021 and 2020 are: 2022 2021 2020 Current tax expense Ps. 15,510 Ps. 13,657 Ps. 18,690 Deferred tax expense (benefit): Origination and reversal of temporary differences (624) 2,115 (5,824) Utilization (recognition) of tax losses, net (389) (1,498) 1,994 Change in the statutory rate (102) 4 (41) Total deferred tax expense (benefit) (1,115) 621 (3,871) Total income taxes Ps. 14,395 Ps. 14,278 Ps. 14,819 On May 29, 2020, the Company reached an agreement with the Mexican tax authority (the Servicio de Administración Tributaria), to resolve interpretative differences over taxes paid outside of Mexico, without judicial action. Under the agreed terms, the Company recognized the tax position as a liability in the statement of financial position and recognized a provision in the income statement of approximately Ps. 8,754 million during the second quarter of 2020. From this amount Ps. 5,500 million were recorded and presented as current tax expense, and Ps. 3,253 million as penalties, from which Ps. 868 million correspond to inflationary effects. The total liability was fully paid during the second and third quarter of 2020. Recognized in Consolidated Statement of Other Comprehensive Income (“OCI”) Income tax related to items charged or recognized directly in OCI during the period: 2022 2021 2020 Unrealized gain (loss) on cash flow hedges Ps. (1,158) Ps. 992 Ps. 871 Exchange differences on translation of foreign operations (3,742) (1,730) 4,758 Remeasurements of the net defined benefit liability 383 127 (208) Share of the other comprehensive income of equity method accounted investees (1) 1,129 1,506 (2,597) Total income tax expense (benefit) recognized in OCI Ps. (3,388) Ps. 895 Ps. 2,824 (1) Deferred income taxes related to CTA, MTM of derivative financial instruments and employee benefits for equity method accounted investees which as of December 31, 2022 amounted to Ps. 1,138, Ps. (123), and Ps. 114, respectively. A reconciliation between tax expense and income before income taxes and share of the profit or loss of associates and joint ventures accounted for using the equity method multiplied by the Mexican domestic tax rate for the years ended December 31, 2022, 2021 and 2020 is as follows: 2022 2021 2020 Mexican statutory income tax rate 30.0 % 30.0 % 30.0 % Difference between book and tax inflationary values and translation effects (5.4) % (4.8) % (5.0) % Annual inflation tax adjustment 7.0 % 7.7 % 3.0 % Difference between statutory income tax rates 2.8 % 0.2 % 1.0 % Non-deductible expenses 3.8 % 2.1 % 3.8 % Taxable (non-taxable) income 1.4 % 2.3 % 2.9 % Others 0.1 % 0.1 % (1.9) % Impairments (1) — % — % 4.6 % Adjustments for previous tax years (2) 0.4 % — % 30.3 % Income Tax credits (3) — % (1.5) % (8.3) % Tax loss (4)(5) (5.5) % (1.4) % 16.3 % Consolidated Effective income tax rate (6) 34.6 % 34.7 % 76.7 % (1) Includes the impairments of Specialty's and Estrella Azul in 2020 explained in Note 13 and 10, respectively. (2) Related to an agreement with the Mexican tax authority in 2020, to resolve interpretative differences over foreign (non-Mexican) dividends received before 2020. (3) Favorable position of Brazilian Courts related to a no taxation on financial effects of recovered tax credits from previously won judicial disputes, which allowed a recognition of a deferred tax credit in Brazil in 2021 and 2020. (4) During 2022, Coca-Cola FEMSA recognized an amount of Ps.(2,194) as favorable effects on the deferred tax assets of our territories taking into account our expectation that those deferred tax assets will be recovered in the future. (5) During 2020, Coca-Cola FEMSA recognized an amount of Ps. 2,349 in the deferred tax asset based on the probability of the expected timing of reversal of tax losses in Mexico. (6) The extraordinary effects in 2020 increased the tax rate by 42.9%. Deferred Income Tax Related to: Consolidated Statement Consolidated Statement of Financial Position as of of Income December 31, 2022 December 31, 2021 2022 2021 2020 Allowance for doubtful accounts Ps. (389) Ps. (35) Ps. 21 Ps. (3) Ps. (25) Inventories (107) 206 99 (17) 60 Other current assets 99 144 (78) 47 (162) Property, plant and equipment, net (7,288) (6,495) (1,345) (1,081) (708) Right of use Assets from leases (1,433) (1,218) (151) (482) (509) Investments in equity method accounted investees (7,330) (7,533) (58) (22) (15) Other assets (283) 192 36 (2) (729) Finite useful lived intangible assets 3 297 (139) 498 129 Indefinite lived intangible assets 3,693 3,038 402 36 (261) Post-employment and other long-term employee benefits (736) (1,746) (71) (258) (175) Derivative financial instruments 420 1,622 (111) 738 111 Temporary non-deductible provision (3,971) (3,443) 43 1,280 (1,751) Employee profit sharing payable (871) (759) (304) (393) 64 Tax loss carryforwards (10,177) (9,047) (389) (1,498) 1,994 Tax credits to recover (1) (1,065) (1,394) 255 1,200 (1,629) Cumulative other comprehensive income (218) — (417) — — Exchange differences on translation of foreign operations in OCI 4,603 8,170 — — — Other liabilities (752) (2,668) 797 (4) (440) Finance leases (382) (220) (272) 53 (23) Liabilities of amortization of goodwill of business acquisition 6,117 6,198 — 86 — Deferred tax income Ps. (1,682) Ps. 178 Ps. (4,069) Deferred tax income net recorded in share of the profit of equity method accounted investees 567 443 198 Deferred tax income, net Ps. (1,115) Ps. 621 Ps. (3,871) Deferred income taxes, net (20,067) (14,691) Deferred tax asset (26,890) (20,733) Deferred tax liability Ps. 6,823 Ps. 6,042 (1) Corresponds to income tax credits arising from dividends received from foreign subsidiaries to be recovered within the next ten years accordingly to the Mexican Income Tax law. Income tax related to Accumulated Other Comprehensive Income (“AOCI”) Income tax related to items charged or recognized directly in AOCI as of the year: 2022 2021 Unrealized gain on derivative financial instruments Ps. 688 Ps. 1,796 Remeasurements of the net defined benefit liability (251) (637) Exchange differences on translation of foreign operations 3,778 7,520 Gain on hedge of net investments in foreign operations 2,216 181 Share of other comprehensive income of associated companies and joint ventures (3,108) (4,237) Total deferred tax loss related to AOCI Ps. 3,323 Ps. 4,623 The changes in the balance of the net deferred income tax asset are as follows: 2022 2021 2020 Balance at the beginning of the period Ps. (14,691) Ps. (16,010) Ps. (13,575) Deferred tax provision for the period (1,115) 622 (3,871) Deferred tax income net recorded in share of the profit of equity method accounted investees (694) 277 (404) Acquisition of subsidiaries — — 1 Effects in equity: Unrealized (gain) on cash flow hedges (1,281) 1,006 865 Exchange differences on translation of foreign operations (2,604) (491) 2,215 Remeasurements of the net defined benefit liability 497 380 (256) Retained earnings of equity method accounted investees (334) 32 (33) Restatement effect of the period and beginning balances associated with hyperinflationary economies 155 (507) (953) Balance at the end of the period Ps. (20,067) Ps. (14,691) Ps. (16,010) The Company offsets tax assets and liabilities only if it has a legally enforceable right to set off current tax assets and current tax liabilities and the deferred tax assets and deferred tax liabilities related to income taxes are levied by the same tax authority. Tax Loss Carryforwards The subsidiaries in Mexico, Colombia, Uruguay, Argentina and Brazil have tax loss carryforwards. Unused tax loss carryforwards, for which a deferred income tax asset has been recognized, may be recovered provided certain requirements are fulfilled. The tax losses carryforwards for which a deferred tax asset has been recorded and their corresponding years of expiration are as follows: Tax Loss Year Carryforwards 2023 Ps. 318 2024 436 2025 254 2026 218 2027 159 2028 953 2029 3,674 2030 3,885 2031 1,239 2032 and thereafter 3,615 No expiration (Brazil and Colombia) 16,572 Ps. 31,323 Considering all available evidence, including forecasts, business plans and strategic measures, as of December 31, 2022 and 2021 the Company has decided not to recognize a deferred income tax asset related to temporary differences not recognized in previous tax years. The amount of deferred income tax assets not recognized in previous tax years and adjusted as of December 31, 2022 and 2021 were Ps. 1,816 and Ps 3,769, respectively. The Company recorded certain goodwill balances due to acquisitions that are deductible for Brazilian income tax reporting purposes. The deduction of such goodwill amortization has resulted in the creation of NOLs in Brazil which have no expiration, but their usage is limited to 30% of Brazilian taxable income in any given year. As of December 31, 2022, the Company believes that it is more likely than not that it will ultimately recover such NOLs through the reversal of temporary differences and future taxable income. Accordingly, the related deferred tax assets have been fully recognized. Our business in the United States known as Envoy Solutions, performed several acquisitions within years 2022 and 2021, most acquisitions from a tax perspective were performed as acquisition of assets, therefore a relevant tax basis has been triggered. The purchase price allocated to intangibles will be amortized over a fifteen-year period, straight-line for tax. The changes in the balance of tax loss carryforwards are as follows: 2022 2021 Balance at beginning of the period Ps. 30,041 Ps. 26,617 Derecognized (13,348) 33 Additions 14,639 8,306 Usage of tax losses (460) (5,600) Translation effect of beginning balances 451 685 Balance at end of the period Ps. 31,323 Ps. 30,041 There were no withholding taxes associated with the payment of dividends in 2022, 2021 or 2020 by the Company to its shareholders. The Company has determined that undistributed profits of its subsidiaries will not be distributed in the foreseeable future. As of December 31, 2022, 2021 and 2020, the temporary differences associated with investments in subsidiaries, associates and joint ventures, for which a deferred tax liability has not been recognized aggregate to Ps. 40,217, Ps. 44,830 and Ps. 41,280, respectively.

Other Liabilities, Provisions,

Other Liabilities, Provisions, Contingencies and Commitments	12 Months Ended
	Dec. 31, 2022
Other Liabilities, Provisions, Contingencies and Commitments [Abstract]
Other Liabilities, Provisions, Contingencies and Commitments	Other Liabilities, Provisions, Contingencies and Commitments 26.1 Other current financial liabilities December 31, 2022 December 31, 2021 Sundry creditors Ps. 16,869 Ps. 12,873 Derivative financial instruments (see Note 21) 470 138 Other 136 186 Total Ps. 17,475 Ps. 13,197 26.2 Provisions and other non-current liabilities December 31, 2022 December 31, 2021 Contingencies Ps. 4,685 Ps. 5,589 Payable taxes 1,045 662 Other 3,251 2,409 Total Ps. 8,981 Ps. 8,660 26.3 Other non-current financial liabilities December 31, 2022 December 31, 2021 Derivative financial instruments (see Note 21) Ps. 5,651 Ps. 1,635 Security deposits 967 729 Total Ps. 6,618 Ps. 2,364 26.4 Provisions recorded in the consolidated statement of financial position The Company has various loss contingencies and has recorded reserves as other liabilities for those legal proceedings for which it believes an unfavorable resolution is probable. Most of these contingencies are the result of the Company’s business acquisitions. The following table presents the nature and amount of the contingencies recorded as of December 31, 2022 and 2021: December 31, 2022 December 31, 2021 Indirect taxes Ps. 1,976 Ps. 2,845 Labor 1,703 1,807 Legal 1,006 937 Total (1) Ps. 4,685 Ps. 5,589 (1) As it is customary in Brazil, the Company is required to guarantee tax, legal and labor contingencies by guarantee deposits. See Note 14. 26.5 Changes in the balance of provisions recorded 26.5.1 Indirect taxes December 31, 2022 December 31, 2021 December 31, 2020 Balance at beginning of the period Ps. 2,845 Ps. 3,153 Ps. 5,062 Penalties and other charges 109 77 — New contingencies 249 314 489 Cancellation and expiration (738) (77) (153) Payments (473) (237) (218) Reversal of indemnifiable items (1) — — (1,177) Effects of changes in foreign exchange rates (16) (385) (850) Balance at end of the period Ps. 1,976 Ps. 2,845 Ps. 3,153 (1) This amount for 2020 includes Ps. 899 of certain tax contingencies that expired and are payable to the former shareholders of Spaipa (acquired in 2013). 26.5.2 Labor December 31, 2022 December 31, 2021 December 31, 2020 Balance at beginning of the period Ps. 1,807 Ps. 1,857 Ps. 2,455 Penalties and other charges 81 309 233 New contingencies 571 526 249 Contingencies added in the business combination 67 — — Cancellation and expiration (443) (445) (61) Payments (320) (360) (592) Effects of changes in foreign exchange rates (60) (80) (427) Balance at end of the period Ps. 1,703 Ps. 1,807 Ps. 1,857 26.5.3 Legal December 31, 2022 December 31, 2021 December 31, 2020 Balance at beginning of the period Ps. 937 Ps. 1,293 Ps. 1,337 Penalties and other charges 63 68 8 New contingencies 141 35 362 Contingencies added in the business combination 158 — — Cancellation and expiration (146) (364) (141) Payments (110) (97) (111) Effects of changes in foreign exchange rates (37) 2 (162) Balance at end of the period Ps. 1,006 Ps. 937 Ps. 1,293 While provision for all claims has already been made, the actual outcome of the disputes and the timing of the resolution cannot be estimated by the Company at this time. 26.6 Unsettled lawsuits The Company has entered into several proceedings with its labor unions, tax authorities, and other parties that primarily involve Coca-Cola FEMSA and its subsidiaries. These proceedings have resulted in the ordinary course of business and are common to the industry in which the Company operates. The aggregate amount being claimed against the Company resulting from such proceedings as of December 31, 2022 is Ps. 119,728. Such contingencies were classified by internal legal counsel as less than probable but more than remote of being settled against the Company. However, the Company believes that the ultimate resolution of such several proceedings will not have a material effect on its consolidated financial position or result of operations. Included in this amount Coca-Cola FEMSA has tax contingencies, most of which are related to its Brazilian operations, with loss expectations assessed by management and supported by the analysis of legal counsel considered as “possible”. The main “possible” contingencies of Brazilian operations amount to approximately Ps. 65,338. This refers to various tax disputes related primarily to: (i) Ps. 9,695 of credits for ICMS (“VAT”); (ii) Ps. 37,539 related to tax credits of “IPI” over raw materials acquired from Free Trade Zone Manaus; (iii) claims of Ps. 5,214 related to compensation of federal taxes not approved by the IRS (Tax authorities); (iv) Ps. 9,601 related to the amortization of goodwill generated in acquisition operations; (v) Ps. 2,714 relating to liability over the operations of a third party, former distributor, in the period from 2001 to 2003 and (vi) Ps. 575 related to the exclusion of ICMS (VAT) from the PIS/COFINS taxable basis. Coca-Cola FEMSA is defending its position in these matters and final decision is pending in court. After conducting a thorough analysis, during 2021 Coca-Cola FEMSA decided to reverse its temporary decision to suspend tax credits on concentrate purchased from the Manaus Free Trade Zone in Brazil. As a result, Coca-Cola FEMSA has recognized an extraordinary benefit of Ps. 1,083 million in the cost of goods sold equivalent to the accumulated credit suspended since 2019 and until the first quarter of 2021. This decision was supported by recent developments and opinions from external advisors. In recent years in its Mexican and Brazilian territories, Coca-Cola FEMSA has been requested to present certain information regarding possible monopolistic practices. These requests are commonly generated in the ordinary course of business in the soft drink industry where the subsidiaries operate. The Company does not expect any material liability to arise from these contingencies. 26.7 Collateralized contingencies As is customary in Brazil, Coca-Cola FEMSA has been required by the tax authorities there to collateralize tax contingencies currently in litigation amounting to Ps. 13,728, Ps. 10,721 and Ps.7,342 as of December 31, 2022, 2021 and 2020, respectively, by pledging fixed assets and entering into available lines of credit covering the contingencies, see Note 14. Also, as disclosed in Note 9.2, there is some restricted cash in Brazil related to current deposits to fulfill the collateral requirements for accounts payable. 26.8 Commitments The Company has signed commitments for the purchase of property, plant and equipment of Ps. 2,588, Ps. 726 and Ps. 432 as of December 31, 2022, 2021, and 2020 respectively.

Information by Segment

Information by Segment	12 Months Ended
	Dec. 31, 2022
Segments [Abstract]
Information by Segment	Information by Segment The information by segment is presented considering the Company’s business units (as defined in Note 1) based on its products and services, which is consistent with the internal reporting presented to the Chief Operating Decision Maker. A segment is a component of the Company that engages in business activities from which it earns revenues, and incurs the related costs and expenses, including revenues, costs and expenses that relate to transactions with any of the Company’s other components. All segments’ operating results are reviewed regularly by the Chief Operating Decision Maker, who makes decisions about the resources that would be allocated to the segment and to assess its performance, and for which financial information is available. Starting 2021, FEMSA opted to report voluntarily a new reportable segment named “Logistics and Distribution”, which includes integral logistics services as well as product sales in the Jan-San, packaging and specialized distribution industry. For 2022, this reportable segment became mandatory according with IFRS 8. Also, starting in 2021, the Company reallocated a not significant fuel business, which was previously included in “Other” to “Fuel Division.” The financial information by operating segment reported below for the year ended December 31, 2020 has been restated in order to give effect to business units’ reorganization described above. Starting 2022, the Company opted to report voluntarily a new reportable segment named “Proximity Division - Europe”, which includes Valora's sales through its portfolio of brands. Additionally, the segment previously called "Proximity Division" was renamed to "Proximity Division - Americas". Inter-segment transfers or transactions are entered into and presented under accounting policies of each segment, which are the same as those applied by the Company. Intercompany operations are eliminated and presented within the consolidation adjustment column included in the tables below. a) By Business Unit: 2022 Coca-Cola FEMSA Proximity Americas Proximity Europe Health Division Fuel Division Heineken Investment Logistics and Distribution Other (1) Consolidation Adjustments Consolidated Total revenues Ps. 226,740 Ps. 233,958 Ps. 9,809 Ps. 74,800 Ps. 51,813 Ps. — Ps. 72,539 Ps. 25,677 Ps. (22,134) Ps. 673,202 Intercompany revenue 6,489 74 — — 311 — 6,754 8,506 (22,134) — Gross profit 100,300 97,586 4,599 21,983 6,560 — 16,165 7,920 (3,445) 251,668 Administrative expenses — — — — — — — — — 34,486 Selling expenses — — — — — — — — — 157,340 Other income — — — — — — — — — 1,088 Other expenses — — — — — — — — — 2,870 Interest expense 6,500 6,851 145 1,468 1,125 1 1,205 4,732 (5,713) 16,314 Interest income 2,411 298 6 86 338 79 172 5,482 (5,029) 3,842 Other net finance loss (3) — — — — — — — — — (3,908) Income before income taxes and share of the profit of equity method accounted investees 25,787 5,661 218 1,659 1,543 66 1,895 4,456 395 41,680 Income taxes 6,547 2,793 302 600 406 11 1,077 2,659 — 14,395 Share of the profit of equity method accounted investees, net of tax 386 (276) — — — 7,359 4 (15) — 7,458 Consolidated net income — — — — — — — — — 34,743 Depreciation and amortization (2) 10,425 11,518 826 3,291 1,062 — 3,115 811 (521) 30,527 Non-cash items other than depreciation and amortization 1,738 511 5 394 59 — 27 133 2 2,869 Investments in equity method accounted investees 8,452 2,650 — 1 19 92,282 12 253 — 103,669 Total assets 277,995 143,877 38,759 60,960 24,102 98,162 81,115 162,788 (88,943) 798,815 Total liabilities 146,119 119,991 36,647 47,798 19,574 1,863 43,231 134,742 (88,951) 461,014 Investments in fixed assets (4) 19,665 9,931 544 2,868 157 — 1,140 1,073 (968) 34,410 (1) Includes other companies and corporate (see Note 1). (2) Includes bottle breakage. (3) Includes foreign exchange loss, net; gain on monetary position for subsidiaries in hyperinflationary economies; and market value loss on financial instruments. (4) Includes acquisitions and disposals of property, plant and equipment, intangible assets, and other long-lived assets. 2021 (Revised) Coca-Cola FEMSA Proximity Division Health Division Fuel Division Heineken Investment Logistics and Distribution Other (1) Consolidation Adjustments Consolidated Total revenues Ps. 194,804 Ps. 198,586 Ps. 73,027 Ps. 39,922 Ps. — Ps. 48,412 Ps. 21,754 Ps. (20,244) Ps. 556,261 Intercompany revenue 5,428 520 — 57 — 5,809 8,430 (20,244) — Gross profit 88,598 84,196 21,736 5,269 — 10,569 8,479 (5,134) 213,713 Administrative expenses — — — — — — — — 27,219 Selling expenses — — — — — — — — 134,079 Other income — — — — — — — — 5,887 Other expenses — — — — — — — — 3,727 Interest expense 6,192 6,076 1,465 1,119 — 430 5,269 (3,613) 16,938 Interest income 932 440 30 154 74 1 3,446 (3,613) 1,464 Other net finance loss (3) — — — — — — — — 2,090 Income before income taxes and share of the profit of equity method accounted investees 22,852 12,580 1,068 455 59 1,854 2,477 (154) 41,191 Income taxes 6,609 996 1,219 103 15 982 4,354 — 14,278 Share of the profit of equity method accounted investees, net of tax 88 (120) — — 10,775 8 14 — 10,765 Consolidated net income — — — — — — — — 37,678 Depreciation and amortization (2) 9,834 10,869 3,355 972 — 2,684 402 (129) 27,987 Non-cash items other than depreciation and amortization 1,613 448 111 14 — 145 110 — 2,441 Investments in equity method accounted investees 7,494 2,899 — 19 96,349 — 538 — 107,299 Total assets 271,567 129,821 57,463 19,878 101,706 64,168 166,984 (74,087) 737,500 Total liabilities 143,995 110,765 44,037 16,503 4,383 28,245 128,568 (74,113) 402,383 Investments in fixed assets (4) 13,865 7,179 2,049 243 — 557 474 (312) 24,055 (1) Includes other companies and corporate (see Note 1). (2) Includes bottle breakage. (3) Includes foreign exchange loss, net; gain on monetary position for subsidiaries in hyperinflationary economies; and market value loss on financial instruments. (4) Includes acquisitions and disposals of property, plant and equipment, intangible assets, and other long-lived assets. 2020 (Revised) Coca-Cola FEMSA Proximity Division Health Division Fuel Division Heineken Investment Logistics and Distribution Other (1) Consolidation Adjustments Consolidated Total revenues Ps. 183,615 Ps. 181,277 Ps. 65,172 Ps. 34,322 Ps. — Ps. 31,568 Ps. 17,311 Ps. (20,299) Ps. 492,966 Intercompany revenue 5,016 451 — 9 — 5,508 9,315 (20,299) — Gross profit 82,811 74,296 19,575 4,829 — 5,191 8,103 (5,152) 189,653 Administrative expenses — — — — — — — — 22,988 Selling expenses — — — — — — — — 123,405 Other income — — — — — — — — 3,343 Other expenses — — — — — — — — 12,381 Interest expense 7,894 5,932 1,540 1,099 — 397 4,376 (3,722) 17,516 Interest income 1,048 388 162 155 61 56 3,952 (3,722) 2,100 Other net finance loss (3) — — — — — — — — 505 Income before income taxes and share of the profit of equity method accounted investees 16,077 6,409 753 330 48 776 (5,567) 485 19,311 Income taxes 5,428 (280) 243 126 12 446 8,844 — 14,819 Share of the profit of equity method accounted investees, net of tax (281) (18) — — (434) — (3) — (736) Consolidated net income — — — — — — — — 3,756 Depreciation and amortization (2) 10,608 10,574 3,543 865 — 2,062 500 (103) 28,049 Non-cash items other than depreciation and amortization 1,494 739 28 21 — (25) 164 — 2,421 Investments in equity method accounted investees 7,623 3,102 — 19 87,291 — 235 — 98,270 Total assets 263,066 121,200 60,107 19,572 92,444 52,057 135,456 (59,054) 684,848 Total liabilities 140,609 104,141 46,038 16,466 4,011 15,163 110,054 (58,821) 377,661 Investments in fixed assets (4) 10,354 6,907 1,694 549 — 481 1,052 (144) 20,893 (1) Includes other companies and corporate (see Note 1). (2) Includes bottle breakage. (3) Includes foreign exchange gain, net; gain on monetary position for subsidiaries in hyperinflationary economies; and market value loss on financial instruments. (4) Includes acquisitions and disposals of property, plant and equipment, intangible assets, and other long-lived assets. b) By Geographic Area: The Company aggregates geographic areas into the following for the purposes of its consolidated financial statements: (i) Mexico and Central America division (comprising the following countries: Mexico, Guatemala, Nicaragua, Costa Rica and Panama), (ii) the United States, (iii) the South America division (comprising the following countries: Brazil, Argentina, Colombia, Chile, Ecuador, Peru and Uruguay) and (iv) Europe (comprised of the Company’s equity method investment in Heineken Group and Valora). For further information related to aggregates, geographic areas see Note 28.2 Disaggregation of revenue. Geographic disclosure for the Company’s non-current assets is as follow: 2022 2021 Mexico and Central America (1) Ps. 245,222 Ps. 234,719 United States (2) 61,164 53,447 South America (3) 121,398 117,278 Europe (4) 144,582 101,338 Consolidated Ps. 572,366 Ps. 506,782 (1) Domestic (Mexico only) non-current assets were Ps. 237,832 and Ps. 220,843, as of December 31, 2022 and December 31, 2021, respectively. (2) On May 15, 2020, the Company completed the acquisition of the specialized distribution business of cleaning products and consumables in the United States, through the controlling interest of NW Synergy, which includes WAXIE Sanitary Supply (“WAXIE”) and North American Corporation (“North American”). Additionally, on December 31, 2020, the Company completed the acquisition of Southeastern Paper Group (“SEPG”). During 2022 and 2021 the Company acquired other companies increasing its specialized distribution footprint in the United States. See Note 4. (3) South America non-current assets includes Brazil, Argentina, Colombia, Chile, Uruguay and Ecuador. Brazilian non-current assets were Ps. 67,848 and Ps. 65,512, as of December 31, 2022 and December 31, 2021, respectively. Colombia’s non-current assets were Ps. 17,092 and Ps. 14,433, as of December 31, 2022 and December 31, 2021, respectively. Argentina’s non-current assets were Ps. 4,895 and Ps. 4,486, as of December 31, 2022 and December 31, 2021, respectively. Chile’s non-current assets were Ps. 30,272 and Ps. 29,621, as of December 31, 2022 and December 31, 2021, respectively. Uruguay’s non-current assets were Ps.3,403 and Ps. 2,473, as of December 31, 2022 and December 31, 2021, respectively. Ecuador’s non-current assets were Ps. 3,737 and Ps. 3,590, as of December 31, 2022 and December 31, 2021, respectively . (4) On October 7, 2022, the Company completed the acquisition of Valora Holding AG.

Revenues

Revenues	12 Months Ended
	Dec. 31, 2022
Revenue [abstract]
Revenues	Revenues 28.1 Nature of goods sold and services The information sets below described the core activities of the business units from which the Company generates its revenues. According to the standard, the performance obligation for the Company’s business units is satisfied at a point when the control of goods and services is transferred to the customers. For detailed information about business segments, see Note 27. Segment Product or Service Nature, timing to fulfill the performance obligation and significant payment terms Coca-Cola FEMSA Beverages sales Includes the delivery of beverages to customers and wholesalers. The transaction prices are assigned to each product on sale based on its own sale price separately, net of promotions and discounts. The performance obligation is satisfied at the point in time the product on sale is delivered to the customer. Services revenues Includes the rendering of manufacturing services, logistic and administrative services. The transaction prices are assigned to each product on sale based on its own sale price if sold separately. The performance obligation is satisfied at the point in time the service is delivered to the customer. Proximity Division - Americas Products sales Operates the largest chain of small-format stores in Mexico and Latin America including as some of its principal products as beers, cigarettes, sodas, other beverages and snacks. The performance obligation is satisfied at the time of the sale or at the moment the control of the product is transferred and the payment is made by the customer. Commercial revenues Includes mainly the commercialization of spaces into within stores, and revenues related to promotions and financial services. The performance obligation is satisfied at the point in time the service is rendered to the customer. Proximity Division - Europe Products sales Operates a chain of small-box retail and foodvenience in Switzerland, Germany, Austria, Luxembourg and the Netherlands including as some of its principal products as tobacco, lottery products, snacks, press, food, fresh products, pretzels and drinks. The performance obligation is satisfied at the time of the sale or at the moment the control of the product is transferred and the payment is made by the customer. Services revenues Includes mainly the revenues related to financial services. The performance obligation is satisfied at the point in time the service is rendered to the customer. Health Division Product sales The core products include patent and generic formulas of medicines, beauty products, medical supplements, housing and personnel care products. The performance obligation is satisfied at the point in time of the sale or at the moment the control of the product is transferred to the customer. Services revenues Rendering of services adding value as financial institutions, medical consultation and some financial services. The performance obligation is satisfied at the point in time of the rendering or the control is transferred to the customer. Fuel Division Product sales The core products are sold in the retail service stations as fuels, diesel, motor oils and other car care products. The performance obligation is satisfied at the point in time on sale and/or the control is transferred to the customer. Logistics and distribution Integral logistic services Rendering a wide range of logistic services and maintenance of vehicles to subsidiaries and customers. The operations are on a daily, monthly or based upon the customer’s request. The revenue is recognized progressively during the time the service is rendered in a period no greater than a month. Product sales in the Jan-San, packaging and specialized distribution industry. The revenues in this business are integrated from the sale of consumables in the janitorial, sanitary supply, and packaging industry in the United States. The performance obligation is satisfied at the point in time on sale and/or when the control is transferred to the customer. Others Production and sale of commercial refrigeration, plastic solutions, sale of equipment for food processing Involves the production, commercialization of refrigerators including its delivery and installation and offering of integral maintenance services at the point of sale. Also includes the design, manufacturing, and recycling of plastic products. In addition, it includes the sale of equipment for food processing, storage and weighing. The revenue recognition is performed at the time in which the corresponding installation is concluded. The recognition of revenue in other business lines is performed at the point of sale or in time the control of the product is transferred to the customer. 28.3 Contract balances As of December 31, 2022 and 2021, no significant cost was incurred to obtain or perform on a contract that might be capitalized as assets. No significant contacts have been entered into for which the Company has not performed all the obligations as well as additional costs associate with them. 28.4 Transaction price assigned to remaining performance obligations No performance obligations were identified in customer contracts that are not included in the transaction price, as a result of identified variable considerations per each business unit are part of the transaction price through be consider highly probable that not occurs a significant reversion of the revenue amount.

Future Impact of Recently Issue

Future Impact of Recently Issued Accounting Standards not yet in Effect	12 Months Ended
	Dec. 31, 2022
Recently Issued Accounting Standards Not Yet in Effect [Abstract]
Future Impact of Recently Issued Accounting Standards not yet in Effect	Future Impact of Recently Issued Accounting Standards not yet in Effect The Company has not applied the following standards, amendments and interpretations that are issued, but not yet effective, up to the date of issuance of the Company’s financial statements are disclosed below. The Company intends to adopt these standards, if applicable when they become effective. Classification of Liabilities as Current or Non-current - Amendments to IAS 1 In January 2020, the IASB issued amendments to paragraphs 69 to 76 of IAS 1 to specify the requirements for classifying liabilities as current or non-current. The amendments clarify: • What is meant by a right to defer settlement • That a right to defer must exist at the end of the reporting period • That classification is unaffected by the likelihood that an entity will exercise its deferral right • That only if an embedded derivative in a convertible liability is itself an equity instrument would the terms of a liability not impact its classification The amendments are effective for annual reporting periods beginning on or after January 1, 2024 and must be applied retrospectively. The Company is currently assessing the impact the amendments will have on current practice and whether existing loan agreements may require renegotiation. Definition of Accounting Estimates - Amendments to IAS 8 In February 2021, the IASB issued amendments to IAS 8, in which it introduces a definition of “accounting estimates”. The amendments clarify the distinction between changes in accounting estimates and changes in accounting policies and the correction of errors. Also, they clarify how entities use measurement techniques and inputs to develop accounting estimates. The amendments are effective for annual reporting periods beginning on or after January 1, 2023, and apply to changes in accounting policies and changes in accounting estimates that occur on or after the start of that period. An earlier application is permitted as long as this fact is disclosed. The amendments are not expected to have a material impact on the Company. Disclosure of Accounting Policies - Amendments to IAS 1 and IFRS Practice Statement 2 In February 2021, the IASB issued amendments to IAS 1 and IFRS Practice Statement 2 Making Materiality Judgements, in which it provides guidance and examples to help entities apply materiality judgements to accounting policy disclosures. The amendments aim to help entities provide accounting policy disclosures that are more useful by replacing the requirement for entities to disclose their ‘significant’ accounting policies with a requirement to disclose their ‘material’ accounting policies and adding guidance on how entities apply the concept of materiality in making decisions about accounting policy disclosures. The amendments to IAS 1 are applicable for annual periods beginning on or after January 1, 2023, with earlier application permitted. Since the amendments to the Practice Statement 2 provide non-mandatory guidance on the application of the definition of material to accounting policy information, an effective date for these amendments is not necessary. The amendments are not expected to have a material impact on the Company. Income Taxes Amendments to IAS 12 On May 7, 2021, the IASB issued amendments to IAS 12 “Income Tax”. The amendments require companies to recognize deferred tax on transactions that, on initial recognition, give rise to equal amounts of taxable and deductible temporary differences. The amendments modify paragraphs 15, 22 and 24 of IAS 12, which state that the initial recognition exemption does not apply to operations that at the time of initial recognition give rise to equal taxable and deductible temporary differences. The amendments are effective for annual reporting periods beginning on or after January 1, 2023, with earlier adoption permitted. The amendments are not expected to have a material impact on the Company. Lease Liability in a Sale and Leaseback - Amendments to IFRS 16 The amendments to IFRS 16 specify the requirements that a seller-lessee uses in measuring the lease liability arising in a sale and leaseback transaction, to ensure the seller-lessee does not recognize any amount of the gain or loss that relates to the right-of-use it retains. The amendments are applied retrospectively for annual periods beginning on or after January 1, 2024. Early application is permitted. The Company is currently assessing the impact the amendments will have on current practice.

Subsequent Events

Subsequent Events	12 Months Ended
	Dec. 31, 2022
Subsequent Events [Abstract]
Subsequent Events	Subsequent Events On February 16th, 2023, the Company, sold a portion of its Heineken Investment in the total amount of EUR 3,200 million in an all cash transaction. Following the completion of the sale, FEMSA's economic interest decrease from 14.76% to 8.13%. As a result, FEMSA-appointed directors resigned from the Heineken Boards, and the Company lost its significance influence over this investment. On February 24th, 2023, the Company issued debt on the Frankfurt Stock Exchange (FWB) in the amount of EUR 500 million which was made up of senior unsecured Exchangeable Bonds (EB) due 2026; with a fixed interest rate of 2.625% per annum payable annually. The aggregate principal amount of the EB will be repayable with Heineken Holding N.V. shares or cash, considering an initial exchange price of EUR 95.625, being a premium of 27.5%, to EUR 75.00, being the clearing price of each share. As of the issuance date, the initial exchange option shall be comprised of 5,228,758 shares. On March 20, 2023, the Company completed a tender offer to purchase for cash its 3.500% Senior Notes due 2050 and 4.375% Senior Notes due 2043 denominated in US dollars, and its 0.500% Senior Notes due 2028 and 1.000% Senior Notes due 2023 denominated in Euros. As a result of this offer, the Company acquired Euro and U.S.-dollar denominated bonds totaling approximately €666 million Euros and US$ 1,090 million. The purpose of the tender offer was to reduce its indebtedness . In November, 2022, the Company reached an agreement to acquire the remaining 85.18% shares of Net Pay, S.A.P.I. de C.V., a payment solutions company. The transaction was subject to antitrust approvals in Mexico and closed on March 31, 2023. The closing of the transaction results in 100% ownership of the company. On 9 March 2023, HEINEKEN obtained the final regulatory approval of its offer to acquire control of Distell Group Holdings Limited (Distell). These approvals pave the way for HEINEKEN to acquire control of Distell and Namibia Breweries Limited (‘NBL’), which were to be combined with HEINEKEN South Africa (‘HSA’) into a new HEINEKEN majority-owned business (Newco). HEINEKEN’s total investment in Newco will be approximately €2.4 billion, in return for a 65% shareholding. The investment comprises a cash-pay-out and the contribution of its currently owned assets.

Significant Accounting Polici_2

Significant Accounting Policies (Policies)	12 Months Ended
	Dec. 31, 2022
Significant Accounting Policies [Abstract]
Basis of consolidation	3.1 Basis of consolidation The consolidated financial statements comprise the financial statements of the Company and its subsidiaries. Control is achieved when the Company is exposed, or has rights, to variable returns from its involvement with the investee and can affect those returns through its power over the investee. Specifically, the Company controls an investee if and only if the Company has: • Power over the investee (i.e. existing rights that give it the current ability to direct the relevant activities of the investee); • Exposure, or rights, to variable returns from its involvement with the investee; and • The ability to use its power over the investee to affect its returns. When the Company has less than a majority of the voting or similar rights of an investee, the Company considers all relevant facts and circumstances in assessing whether it has power over an investee, including: • The contractual arrangements with the other vote holders of the investee; • Rights arising from other contractual arrangements; and • The Company’s voting rights and potential voting rights. The Company re-assesses whether or not it controls an investee if facts and circumstances indicate that there are changes to one or more of the three elements of control. Consolidation of a subsidiary begins when the Company obtains control over the subsidiary and ceases when the Company loses control of the subsidiary. Assets, liabilities, income and expenses of a subsidiary are included in the consolidated financial statements from the date the Company gains control until the date the Company ceases to control the subsidiary. Profit or loss and each component of OCI are attributed to the equity holders of the parent of the Company and the non-controlling interests, even if this results in the non-controlling interests having a deficit balance. When necessary, adjustments are made to the financial statements of subsidiaries to bring their accounting policies into line with the Company’s accounting policies. All intra-group assets and liabilities, equity, income, expenses and cash flows relating to transactions between members of the Company are eliminated in full-on consolidation. A change in the ownership interest of a subsidiary, without a loss of control, is accounted for as an equity transaction. If the Company loses control over a subsidiary, it: • Derecognizes the assets (including goodwill) and liabilities of the subsidiary. • Derecognizes the carrying amount of any non-controlling interests. • Derecognizes the cumulative translation differences recorded in equity. • Recognizes the fair value of the consideration received. • Recognizes the fair value of any investment retained. • Recognizes any surplus or deficit in profit or loss. • Reclassifies the parent’s share of components previously recognized in OCI to profit or loss or retained earnings, as appropriate, as would be required if the Company had directly disposed of the related assets or liabilities. 3.1.1 Acquisitions of non-controlling interests Acquisitions of non-controlling interests are accounted for as transactions with owners in their capacity as owners and therefore no goodwill is recognized as a result. Adjustments to non-controlling interests arising from transactions that do
Business combinations	3.2 Business combinations Business combinations are accounted for using the acquisition method at the acquisition date, which is the date on which control is transferred to the Company. The cost of an acquisition is measured as the aggregate of the consideration transferred, which is measured at acquisition date fair value, and the amount of any non-controlling interests in the acquiree. For each business combination, the Company elects whether to measure the non-controlling interests in the acquiree at fair value or the proportionate share of the acquiree’s identifiable net assets. Goodwill is measured as the excess of the sum of the consideration transferred, the amount of any non-controlling interests in the acquiree, and the fair value of the Company’s previously held equity interest in the acquiree (if any) over the net of the acquisition-date amounts of the identifiable assets of the acquiree and the liabilities assumed. If the net of the acquisition-date amounts of the identifiable assets of the acquiree and liabilities assumed exceeds the sum of the consideration transferred, the amount of any non-controlling interests in the acquiree and the fair value of the Company previously held an interest in the acquiree (if any), the excess is recognized immediately in profit or loss as a bargain purchase gain. Costs, other than those associated with the issuance of debt or equity securities, that the Company incurs in connection with a business combination are expensed as incurred. Any contingent consideration payable is recognized at fair value at the acquisition date. If the contingent consideration is classified as equity, it is not remeasured, and settlement is accounted for within equity. Otherwise, subsequent changes to the fair value of the contingent considerations are recognized in the consolidated net income. If the initial accounting for a business combination is incomplete by the end of the reporting period in which the combination occurs, the Company reports provisional amounts for the items in which the accounting is incomplete and discloses that its allocation is preliminary. Those provisional amounts are adjusted retrospectively during the measurement period (not greater than 12 months from the acquisition date), or additional assets or liabilities are recognized, to reflect new information obtained about facts and circumstances that existed at the acquisition date that, if known, would have affected the amounts recognized at that date. Sometimes obtaining control of an acquiree in which equity interest is held immediately before the acquisition date is considered as a business combination achieved in stages also referred to as a step acquisition. The Company remeasures its previously held equity interest in the acquiree at its acquisition-date fair value and recognizes the resulting gain or loss, if any, in profit or loss. Also, the changes in the value of equity interest in the acquiree recognized in other comprehensive income shall be recognized on the same basis as required if the Company had disposed directly of the previously held equity interest, see Note 3.14. The Company sometimes obtains control of an acquiree without transferring consideration. The acquisition method of accounting for a business combination applies to those combinations that may take the following forms: (a) The acquiree repurchases a sufficient number of its shares for the Company to obtain control. (b) Minority veto rights lapse that previously kept the Company from controlling an acquiree in which it held the majority voting rights. (c) The Company and the acquiree agree to combine their businesses by contract alone in which it transfers no consideration in exchange for control and no equity interest is held in the acquiree, either on the acquisition date or previously.
Foreign currencies, consolidation of foreign subsidiaries and accounting of equity method accounted investees	3.3 Foreign currencies, consolidation of foreign subsidiaries and accounting of equity method accounted investees In preparing the financial statements of each subsidiary and accounting for equity method accounted investees, transactions in currencies other than the individual entity’s functional currency (foreign currencies) are recognized at the exchange rates prevailing at the dates of the transactions. At the end of each reporting period, monetary items denominated in foreign currencies are retranslated at the rates prevailing at that date. Non-monetary items that are measured in terms of historical cost in a foreign currency are not retranslated. Exchange differences on monetary items are recognized in the consolidated net income in the period in which they arise except for: • The variations in the net investment in foreign subsidiaries generated by exchange rate fluctuation which are included in other comprehensive income, which is recorded in equity as part of cumulative translation adjustment within the accumulated other comprehensive income; • Intercompany financing balances with foreign subsidiaries are classified as long-term investments when there is no plan to pay such financing in the foreseeable future. Exchange rate fluctuation regarding this financing is recorded in the exchange differences on translation of foreign operations within the accumulated other comprehensive income (loss) item, which is recorded in equity; and • Exchange differences on transactions entered into to hedge certain foreign currency risks. Foreign exchange differences on monetary items are recognized in profit or loss. Their classification in the income statement depends on their nature. Differences arising from fluctuations related to operating activities are presented in the “ other expenses ” line (see Note 20) while fluctuations related to non-operating activities such as financing activities are presented as part of the “foreign exchange gain (loss)” line in the income statement. For incorporation into the Company’s consolidated financial statements, each foreign subsidiary, associate or joint venture’s individual financial statements are translated into Mexican pesos, as follows: • For entities operating in hyperinflationary economic environments, the inflation effects of the origin country are recognized under IAS 29 Financial Reporting in Hyperinflationary Economies , and subsequently translated into Mexican pesos using the year-end exchange rate for the consolidated statements of financial position and consolidated income statement and comprehensive income; and • For entities operating in non-hyperinflationary economic environments, assets and liabilities are translated into Mexican pesos using the year-end exchange rate, equity is translated into Mexican pesos using the historical exchange rate, and the income statement and comprehensive income are translated using the exchange rate at the date of each transaction. The Company uses the average exchange rate of each month if the exchange rate does not fluctuate significantly. In addition, in relation to a partial disposal of a subsidiary that does not result in the Company losing control over the subsidiary, the proportionate share of exchange differences on translation of foreign subsidiaries and associates are re-attributed to non-controlling interests and are not recognized in profit or loss. For all other partial disposals (i.e., partial disposals of associates or joint ventures that do not result in the Company losing significant influence or joint control), the proportionate share of the exchange differences on translation of foreign subsidiaries and associates is reclassified to profit or loss. Goodwill and fair value adjustments on identifiable assets and liabilities acquired arising on the acquisition of a foreign operation are treated as assets and liabilities of the foreign operation and translated at the rate of exchange prevailing at the end of each reporting period. Foreign exchange differences arising are recognized in equity as part of the cumulative translation adjustment. The translation of assets and liabilities denominated in foreign currencies into Mexican pesos is for consolidation purposes and does not indicate that the Company could realize or settle the reported value of those assets and liabilities in Mexican pesos. Additionally, this does not indicate that the Company could return or distribute the reported Mexican peso value in equity to its shareholders. Exchange Rates of Local Currencies Translated to Mexican Pesos (1) Functional / Average Exchange Rate for Exchange Rate as of Recording December 31, December 31, Country or Zone Currency 2022 2021 2020 2022 2021 Guatemala Quetzal 2.60 2.62 2.78 2.47 2.67 Costa Rica Colon 0.03 0.03 0.04 0.03 0.03 Panama U.S. dollar 20.13 20.28 21.49 19.36 20.58 Colombia Colombian peso 0.01 0.01 0.01 0.01 0.01 Nicaragua Cordoba 0.56 0.58 0.63 0.53 0.58 Argentina Argentine peso 0.15 0.21 0.31 0.11 0.20 Brazil Reais 3.90 3.76 4.18 3.71 3.69 Chile Chilean peso 0.02 0.03 0.03 0.02 0.02 Euro Zone Euro (€) 21.17 24.00 24.48 20.65 23.25 Peru Nuevo Sol 5.24 5.22 6.15 5.07 5.15 Ecuador U.S. dollar 20.13 20.28 21.49 19.36 20.58 United States U.S. dollar 20.13 20.28 21.49 19.36 20.58 Uruguay Uruguayan peso 0.49 0.47 0.51 0.48 0.46 (1) Exchange rates published by the Central Bank of each country where the Company operates.
Recognition of the effects of inflation in countries with hyperinflationary economic environments	3.4 Recognition of the effects of inflation in countries with hyperinflationary economic environments The Company recognizes the effects of inflation on the financial information of its subsidiaries that operate in hyperinflationary economic environments (when cumulative inflation of the three preceding years is approaching, or exceeds, 100% or more in addition to other qualitative factors), which consists of: • Using inflation factors to restate non-monetary assets, such as inventories, property, plant and equipment, net, intangible assets, net including related costs and expenses when such assets are consumed or depreciated; • Applying the appropriate inflation factors to restate capital stock, additional paid-in capital, net income, retained earnings and items of other comprehensive income by the necessary amount to maintain the purchasing power equivalent in the currency of the subsidiary on the dates such capital was contributed, or income was generated up to the date the consolidated financial statements are presented; and • Including the monetary position gain or loss in the consolidated net income. The Company restates the financial information of subsidiaries that operate in a hyperinflationary economic environment using the consumer price index (“CPI”) of each country. As of December 31, 2022, 2021, and 2020, the operations of the Company are classified as follows: Cumulative Inflation - Country Cumulative Inflation - Type of Economy Type of Economy Cumulative 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 States 13.8 % Non-hyperinflationary 11.0 % Non-hyperinflationary 3.7 % Non-hyperinflationary Uruguay 16.9 % Non-hyperinflationary 28.5 % Non-hyperinflationary 28.5 % Non-hyperinflationary a) Argentina Beginning on July 1, 2018, Argentina became a hyperinflationary economy because, among some other economic factors, the last three years’ cumulative inflation in Argentina exceeded 100% according to the several economic indexes that exist in the country. The financial information for the Company’s Argentine subsidiary has been adjusted to recognize the inflationary effects since January 1, 2018 through: • Using inflation factors to restate non-monetary assets, such as inventories, property, plant and equipment, net, intangible assets, net, including related costs and expenses when such assets are consumed or depreciated. • Recognizing the monetary position gain or loss in the consolidated net income. The Federacion Argentina de Consejos Profesionales de Ciencias Económicas (“FACPCE”) approved on September 29, 2018 and published on October 5, 2018, a resolution which defines, among other things, that the index price to determine the restatement coefficient is based on a series that applies the NCPI from January 2017 with the IPIM until this date, and computing November and December 2015 using the CPI – of Ciudad del Gran Buenos Aires (“CGBA”) variation.
Cash and cash equivalents and restricted cash	3.5 Cash and cash equivalents and restricted cash Cash is comprised of deposits in bank accounts that generate interest on the available balance. Cash equivalents are mainly represented by short-term bank deposits and fixed-income investments (overnight), both with maturities of three months or less, and their carrying values approximate fair value. The Company also maintains restricted cash which is pledged as collateral to meet certain contractual obligations. Restricted cash is presented within other current financial assets given that, by their nature, the restrictions are short-term.
Investments	3.6 Investments The investments include debt securities and bank deposits with a maturity of more than three months as of the acquisition date.
Financial assets	3.7 Financial assets Financial assets are classified within the following business models depending on management’s objective: (i) “held to maturity to recover cash flows,” (ii) “held to maturity and to sell financial assets” and (iii) “others or held for trading,” including derivatives assigned in hedging instruments with an effective hedge, as appropriate. The classification depends on the nature and purpose of holding the financial assets and is determined at the time of initial recognition. The Company performs a portfolio–level assessment of the business model in which a financial asset is managed to accomplish the Company’s risk management purposes. The information that is considered within the evaluation includes: • The policies and objectives of the Company about the portfolio and the practical implementation of policies; • Performance and evaluation of the Company’s portfolio including accounts receivable; • Risks that affect the performance of the business model and how those risks are managed; • Any compensation related to the performance of the portfolio; and • Frequency, volume and timing of sales of financial assets in previous periods together with the reasons for said sales and expectations regarding future sales activities. The Company’s financial assets include cash, cash equivalents and restricted cash, investments with maturities of more than three months, loans and accounts receivable, derivative financial instruments and other financial assets. For the initial recognition of a financial asset, the Company measures it at fair value plus the transaction costs that are directly attributable to the purchase thereof, if said asset is not measured at fair value through profit or loss. Accounts receivable that do not have a significant financing component are measured and recognized at the transaction price when they are generated. The rest of the financial assets are recognized only when the Company is part of the contractual provisions of the instrument. The fair value of an asset is measured using assumptions that would be used by market participants when valuing the asset, assuming that the transaction is orderly and takes place in the principal or the most advantageous market for the asset. During the initial recognition, the financial asset is also classified as measured at: amortized cost, fair value with changes in other comprehensive income – debt or equity investments – and fair value through profit or loss. The classification depends on the objective by which the financial asset is acquired. Financial assets are not reclassified after their initial recognition unless the Company changes the business model to manage the financial assets; in which case, all affected financial assets are reclassified on the first day of the first reporting period following the change in the business model. 3.7.1 Financial assets at amortized cost A financial asset is measured at amortized cost if it meets the following two conditions and is not designated as fair value through profit and loss (“FVTPL”): • It’s managed within a business model whose objective is to maintain financial assets to recover the contractual cash flows; and • The contractual terms are only payments at specified dates of the principal and interest on the amount of the outstanding principal, or solely payments of principal and interest (“SPPI”). The amortized cost of a financial asset is the amount of the initial recognition less the principal payments, plus or minus the accumulated amortization using the effective interest rate method of any difference between the initial amount and the amount as of the maturity and, for financial assets, adjusted for loss of impairment. The financial product, exchange fluctuation and impairment are recognized in results. Any profit or loss is also recognized in the same way in results. 3.7.2 Effective interest rate method (“ERR”) The effective interest rate method consists of calculating the amortized cost of loans and accounts receivables and other financial assets (measured at amortized cost) and allocating interest income/expense over the relevant period. The effective interest rate is the rate that exactly discounts estimated future cash receipts (including all fees on points paid or received that form an integral part of the effective interest rate, transaction costs and other premiums or discounts) through the expected life of the financial asset, or (where appropriate) a shorter period, to the net carrying amount on initial recognition. 3.7.3 Financial assets at fair value with changes in other comprehensive income (“FVOCI”) A financial asset is measured at FVOCI if it meets the following two conditions and is not designated as FVTPL: • It’s managed within a business model whose objective is achieved through the collection of contractual cash flows and the sale of financial assets; and • The contractual terms are solely principal and interest payments. These assets are subsequently measured at fair value. The financial product calculated using the internal rate of return (“IRR”), the exchange fluctuation and the impairment are recognized in profit and loss. Other gains and losses, related to changes in fair value, are recognized in OCI. In the case of derecognition or reclassification, the accumulated gains and losses in OCI are reclassified to profit and loss. In the initial recognition of an equity instrument that is not held for trading, under the “other” business model, the Company may irrevocably choose to present changes in the fair value of the investment in OCI. This choice has to be made for each investment. Equity instruments are subsequently measured at fair value. Dividends are recognized as other income in results unless the dividend represents a recovery of part of the cost of the investment. Other net gains and losses, related to changes in fair value, are recognized in OCI and are not reclassified to consolidated net income in subsequent periods. 3.7.4 Financial assets at fair value through profit or loss (FVTPL) Financial assets designated as FVTPL include financial assets held for trading and financial assets designated at initial recognition as FVTPL. Financial assets are classified as held for trading if they are acquired to sell in the short-term. Derivatives, including embedded derivatives are also classified as held for trading unless they are designated as effective hedging instruments as defined in IFRS 9. Financial assets designated as FVTPL are recorded in the balance sheet with changes in fair value presented as financial expense (net negative changes in fair value) or financial income (net positive changes in fair value) in profit or loss, including any dividend income. 3.7.5 Evaluation that contractual cash flows are solely principal and interest payments (“SPPI”) To classify a financial asset within one of the three different categories, the Company determines whether the contractual cash flows of the asset are only principal and interest payments. The Company considers the contractual terms of the financial instrument and whether the financial asset contains any contractual term that could change the timing or amount of the contractual cash flows in such a way that it would not meet the SPPI criteria. In making this evaluation, the Company considers the following: • Contingent events that would change the amount or timing of cash flows; • Terms that can adjust the contractual coupon rate, including variable interest rate characteristics; • Payment and extension features; and • Characteristics that limit the Company's right to obtain cash flows from certain assets. A prepaid feature is consistent with the characteristics of SPPI if the prepayment amount substantially represents the amounts of the principal and interest pending payment, which could include reasonable compensation for early termination of the contract. Additionally, a financial asset acquired or originated with a premium or discount to its contractual amount and in the initial recognition the fair value of the prepaid characteristic is insignificant, the asset will pass the test of the contractual characteristics of cash flow if the amount of prepaid represents substantially the contractual amount and accrued interest (but not paid); which may include additional compensation for the early termination of the contract. 3.7.6 Impairment of financial assets The Company recognizes impairment due to expected credit loss (“ECL”) in: • Financial assets measured at amortized cost; • Debt investments measured at FVOCI; and • Other contractual assets. Impairment losses on accounts receivable, contractual assets and leasing receivables are measured at the amount that equals the lifetime ECL, whether or not it has a significant financing component. The Company applies the criteria to all accounts receivable, contractual assets and leasing credits, together or separately. The Company measures impairment losses at an amount equal to ECL for the remaining life, except for the following: • Debt instruments classified as low credit risk; and • Other debt instruments in which the credit risk (non-recoverability risk over the financial instrument expected life) has not increased significantly since the initial recognition. In determining whether the credit risk of a financial asset has increased significantly since initial recognition and estimating the ECL, the Company considers reasonable and supportable information that is relevant and available without undue cost or effort. It includes qualitative and quantitative analysis based on Company’s experience and credit assessment. The impairment loss is a weighted estimate of the probability of expected loss. The amount of impairment loss is measured as the present value of any lack of liquidity (the difference between the contractual cash flows that correspond to the Company and the cash flows that management expects to receive). The expected credit loss is discounted at the original effective interest rate of the financial asset. The Company evaluates if there was evidence of impairment on a regular basis or when an impairment indicator exists. Some observable data that financial assets were impaired includes: • Significant financial difficulty of the issuer or the borrower; • A breach of contracts, such as default or past due event; • Granting concessions due to the borrower’s financial difficulties which the Company would not consider in other circumstances; • Indicators that the borrower will enter bankruptcy or other financial reorganization; • The disappearance of an active market for a financial instrument because of financial difficulties; or • Information indicating that there was a measurable decrease in the expected cash flows of a group of financial assets. For an equity instrument, evidence of impairment includes a significant decrease in its fair value lower than its carrying value. The impairment loss on financial assets measured at amortized cost reduces the book value and for financial assets measured at FVOCI, the impairment loss is recognized as loss within OCI. 3.7.7 Derecognition A financial asset (or, where applicable, a part of a financial asset or part of a group of similar financial assets) is derecognized when: • The rights to receive cash flows from the financial asset have expired; or • The Company has transferred its rights to receive cash flows from the asset or has assumed an obligation to pay the received cash flows in full without material delay to a third party under a ‘pass-through’ arrangement, and either (a) the Company has transferred substantially all the risks and rewards of the asset, or (b) the Company has neither transferred nor retained substantially all the risks and rewards of the asset, but has transferred control of the asset. 3.7.8 Offsetting of financial instruments Financial assets are required to be offset against financial liabilities and the net amount reported in the consolidated statement of financial position if, and only if the Company: • Currently has an enforceable legal right to offset the recognized amounts; and • Intends to settle on a net basis, or to realize the assets and settle the liabilities simultaneously.
Other financial assets	3.8 Other financial assets Other financial assets include long-term accounts receivable, derivative financial instruments and recoverable contingencies acquired from business combinations. Long-term accounts receivable with a stated term are measured at amortized cost using the effective interest method, less any impairment.
Derivative financial instruments	3.9 Derivative financial instruments The Company is exposed to different risks related to cash flows, liquidity, market and third-party credit. As a result, the Company contracts different derivative financial instruments to reduce its exposure to the risk of exchange rate fluctuations between the Mexican peso and other currencies, and interest rate fluctuations associated with its borrowings denominated in foreign currencies and the exposure to the risk of fluctuation in the costs of certain raw materials. The Company values and records all derivative financial instruments and hedging activities, in the consolidated statement of financial position as either an asset or liability measured at FVTPL or FVOCI, considering quoted prices in recognized markets. If such instruments are not traded in a formal market, fair value is determined by applying techniques based upon technical models supported by sufficient, reliable and verifiable market data. Changes in the fair value of derivative financial instruments are recorded each period in current earnings or otherwise as a component of cumulative other comprehensive income based on the item being hedged and the effectiveness of the hedge. 3.9.1 Hedge accounting The Company designates certain hedging instruments, which include derivatives to cover foreign currency risk, as either fair value hedges or cash flow hedges. Hedges of foreign exchange risk on firm commitments are accounted for as cash flow hedges. At the inception of the hedge relationship, the Company documents the relationship between the hedging instrument and the hedged item, along with its risk management objectives and its strategy for undertaking various hedge transactions. Furthermore, at the inception of the hedge and on an ongoing basis, the Company documents whether the hedging instrument is highly effective in offsetting changes in fair values or cash flows of the hedged item attributable to the hedged risk. When forward contracts are used to hedge forecasted transactions, the Company generally designates only the change in fair value of the forward contract related to the spot component as the hedging instrument. Gains or losses related to the effective portion of the change in the spot component of forward contracts are recognized in the cash now hedge reserve under OCI. The change in the forward element of the contract that refers to the hedged item “aligned forward element” is recognized in other comprehensive income in the costs of the hedge reserve in capital stock. In some cases, the Company can designate the total change in the fair value of the forward contract including forward points as a hedging instrument. In those cases, gains or losses related to the effective portion of the change in the fair value of the overall forward contract are recognized in the cash now hedge reserve under OCI. 3.9.2 Cash flow hedges The effective portion of changes in the fair value of derivatives that are designated and qualify as cash flow hedges is recognized in other comprehensive income and accumulated under the heading valuation of the effective portion of derivative financial instruments. The gain or loss relating to the ineffective portion is recognized immediately in the market value (gain) loss on financial instruments line item within the consolidated income statements. Amounts previously recognized in other comprehensive income and accumulated in equity are reclassified to consolidated net income in the periods when the hedged item is recognized in consolidated net income, in the same line of the consolidated income statement as the recognized hedged item. However, when the hedged forecasted transaction results in the recognition of a non-financial asset or a non-financial liability, the gains and losses previously recognized in other comprehensive income and accumulated in equity are transferred from equity and included in the initial measurement of the cost of the non-financial asset or non-financial liability. Hedge accounting is discontinued when the Company revokes the hedging relationship, when the hedging instrument expires or is sold, terminated, or exercised, or when it no longer qualifies for hedge accounting. Any gain or loss recognized in cumulative other comprehensive income in equity at that time remains in equity and is recognized when the forecast transaction is ultimately recognized in the consolidated net income. When a forecast transaction is no longer expected to occur, the gain or loss accumulated in equity is recognized immediately in consolidated net income. 3.9.2.1 Fair value hedges For hedged items carried at fair value, the change in the fair value of a hedging derivative is recognized in the consolidated income statement as foreign exchange gain or loss. The change in the fair value of the hedged item attributable to the risk hedged is recorded as part of the carrying value of the hedged item and is also recognized in the consolidated income statement as foreign exchange gain or loss. For fair value hedges relating to items carried at amortized cost, the change in the fair value of the effective portion of the hedge is recognized first as an adjustment to the carrying value of the hedged item and then is amortized through profit or loss over the remaining term of the hedge using the EIR method. EIR amortization may begin as soon as an adjustment exists and no later than when the hedged item ceases to be adjusted for changes in its fair value attributable to the risk being hedged. If the hedged item is derecognized, the unamortized fair value is recognized immediately in profit or loss. When an unrecognized firm commitment is designated as a hedged item, the subsequent cumulative change in the fair value of the firm commitment attributable to the hedged risk is recognized as an asset or liability with a corresponding gain or loss recognized in profit and loss. 3.9.2.2 Hedge of net investment in a foreign business The Company designates debt securities as a hedge of certain net investment in foreign subsidiaries and applies hedge accounting to foreign currency differences arising between the functional currency of its investments abroad and the functional currency of the holding company (Mexican peso), regardless of whether the net investment is held directly or through a sub-holding company. Differences in foreign currency that arise in the conversion of a financial liability designated as a hedge of a net investment in a foreign operation are recognized in other comprehensive income in the exchange differences in the translation of foreign operations and associates caption, to the extent that the hedge is effective. To the extent that the hedge is ineffective, such differences are recognized as market value gain or loss on financial instruments within the consolidated income statements. When part of the hedge of net investment is disposed, the corresponding accumulated foreign currency translation effect is recognized as part of the gain or loss on the disposal within the consolidated income statement.
Fair value measurement	3.10 Fair value measurement The Company measures financial instruments, such as derivatives, and certain non-financial assets, at fair value at each balance sheet date. Also, fair values of financial instruments measured at amortized cost are disclosed in Notes 14 and 19. Fair value is the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. The fair value measurement is based on the presumption that the transaction to sell the asset or transfer the liability takes place in either: • the principal market for the asset or liability; or • in the absence of a principal market, in the most advantageous market for the asset or liability. A fair value measurement of a non-financial asset takes into account a market participant’s ability to generate economic benefits by using the asset in its highest and best use or by selling it to another market participant that would use the asset in its highest and best use. The Company uses valuation techniques that are appropriate in the circumstances and for which sufficient data are available to measure fair value, maximizing the use of relevant observable inputs and minimizing the use of unobservable inputs. All assets and liabilities for which fair value is measured or disclosed in the financial statements are categorized within the fair value hierarchy, described as follows, based on the lowest level input that is significant to the fair value measurement as a whole: • Level 1 — Quoted prices (unadjusted) in active markets for identical assets or liabilities that the Company can access at the measurement date. • Level 2 — Inputs other than quoted prices included within level 1 that are observable for the asset or liability, either directly or indirectly. • Level 3 — Unobservable inputs for the asset or liability. Unobservable inputs shall be used to measure fair value to the extent that observable inputs are not available, thereby allowing for situations in which there is little, if any, market activity for the asset or liability at the measurement date. For assets and liabilities that are recognized in the financial statements regularly, the Company determines whether transfers have occurred between levels in the hierarchy by re-assessing categorization (based on the lowest level input that is significant to the fair value measurement as a whole) at the end of each reporting period. The Company determines the policies and procedures for both recurring fair value measurements, such as those described in Note 21 and unquoted liabilities such as debt described in Note 19. For the purpose of fair value disclosures, the Company has determined classes of assets and liabilities based on the nature, characteristics and risks of the asset or liability and the level of the fair value hierarchy as explained above.
Inventories and cost of goods sold	3.11 Inventories and cost of goods sold Inventories are measured at a the lower of cost and net realizable value. The net realizable value represents the estimated selling price for inventories less all estimated costs of completion and costs necessary to make the sale. Inventories represent the acquisition or production cost that is incurred when purchasing or producing a product and are based on the weighted average cost formula. The operating segments of the Company use inventory costing methodologies to value their inventories, such as the weighted average cost method in Coca-Cola FEMSA, Proximity Division - Europe, Health Division, and Logistic and Distribution; retail method (a method to estimate the average cost) in Proximity Division - Americas, except for the distribution centers which are valued with the average cost method; and acquisition method in Fuel Division. Cost of goods sold includes expenses related to the purchase of raw materials used in the production process, as well as labor costs (wages and other benefits), depreciation of production facilities, equipment and other costs, including fuel, electricity, equipment maintenance and inspection; expenses related to the purchase of goods and services used in the sale process of the Company’s products and expenses related to the purchase of gasoline, diesel and all engine lubricants used in the sale process of the Company. Management is required to make judgments regarding write-downs to determine the net realizable value of the inventory. These write-downs consider factors such as age and condition of goods as recent market data to assess the estimated future demand for goods. To date the COVID-19 pandemic has not had a material impact on the Company´s assessment of the net realizable value of the inventory, with inventory turns remaining similar since the commencement of the pandemic.
Loans and receivables	3.12 Loans and receivables The instruments under this category include loans, trade receivables, and other accounts receivables measured at amortized cost which represents future cash flows discounted at the effective interest rate on the transaction date. In addition, an expected credit loss model is applied to this category, which is reported net of this impairment allowance in the financial statements. The allowance amount is not significant because the trade accounts receivable are usually recovered in the short-term. Interest income is recognized by applying the effective interest rate except for current receivables. For the years ended December 31, 2022, 2021 and 2020 there was no interest income on loans and receivables.
Other current assets	3.13 Other current assets Other current assets, which will be realized within less than one year from the reporting date, are comprised of prepaid assets and product promotion agreements with customers. Prepaid assets principally consist of advances to suppliers of raw materials, advertising, promotional, leasing and insurance costs, and are recognized as other current assets at the time of the cash disbursement. Prepaid assets are recorded in the appropriate caption in the income statement when control has been transferred to the Company or services have been received. The Company has prepaid advertising costs which consist of television and radio advertising airtime in advance. These expenses are generally amortized over the period based on the transmission of the television and radio spots. The related production costs are recognized in the consolidated income statement as incurred. Coca-Cola FEMSA has agreements with customers for the right to sell and promote Coca-Cola FEMSA’s products over a certain period. The majority of these agreements have terms of more than one year, and the related costs are amortized using the straight-line method over the term of the contract, with amortization presented as a reduction of net sales. During the years ended December 31, 2022, 2021 and 2020, such amortization aggregated to Ps. 295 Ps. 219 and Ps. 213, respectively.
Equity method accounted investees	3.14 Equity method accounted investees Associates are those entities over which the Company has significant influence. Significant influence is the power to participate in the financial and operating policy decisions of the investee, but not control over those policies. Upon loss of significant influence over the associate, the Company measures and recognizes any retained investment at its fair value. Investments in associates are accounted for using the equity method and initially recognized at cost, which comprises the investment’s purchase price and any directly attributable expenditure necessary to acquire it. The carrying value of the investment is adjusted to recognize changes in the Company’s shareholding of the associate since the acquisition date. The financial statements of the associates are prepared for the same reporting period as the Company. The consolidated financial statements include the Company’s share of the consolidated net income and other comprehensive income, after adjustments to align the accounting policies with those of the Company, from the date that significant influence commences until the date that significant influence ceases. Profits and losses resulting from 'upstream' and 'downstream' transactions between the Company (including its consolidated subsidiaries) and an associate are recognized in the consolidated financial statements only to the extent of unrelated investors' interests in the associate. 'Upstream' transactions are, for example, sales of assets from an associate to the Company. 'Downstream' transactions are, for example, sales of assets from the Company to an associate. The Company’s share in the associate’s profits and losses resulting from these transactions is eliminated. When the Company’s share of losses exceeds the carrying amount of the investment in the associate, including any advances, the carrying amount is reduced to nil and recognition of further losses is discontinued except to the extent that the Company has a legal or constructive obligation to pay the associate or has to make payments on behalf of the associate. Goodwill identified at the acquisition date is presented as part of the investment in shares of the associate in the consolidated statement of financial position. Any goodwill arising on the acquisition of the Company’s interest in an associate is measured in accordance with the Company’s accounting policy for goodwill arising in a business combination, see Note 3.2. After the application of the equity method, the Company determines whether it is necessary to recognize an additional impairment loss on its investment in its associate. Goodwill that forms part of the carrying amount of the net investment in an associate or a joint venture is not separately recognized and therefore is not tested for impairment separately. Instead, the entire carrying amount of the investment is tested for impairment in accordance with IAS 36 as a single asset, by comparing its recoverable amount. The Company determines at each reporting date whether there is any objective evidence that the investment in the associates is impaired. If this is the case, the Company calculates the amount of impairment as the difference between the recoverable amount of the investment and its carrying value and recognizes the amount in the share of the profit or loss of associates and joint ventures accounted for using the equity method in the consolidated income statements. If an investment interest is reduced but continues to be classified as an associate, the Company reclassifies to profits or losses the proportion of the gain or loss that had previously been recognized in other comprehensive income relating to the reduction in ownership interest if the gain or loss would be required to be reclassified to consolidated net income on the disposal of the related investment. The Company reclassifies in each case proportionate to the interest disposed of the following amounts recognized in other comprehensive income: i) foreign exchange differences, ii) accumulated hedging gains and losses, iii) any other amount previously recognized that would have been recognized in net income if the associate had directly disposed of the asset to which it relates. Upon loss of significant influence over the associate, the Company measures and recognizes any retained investment at its fair value. A joint arrangement is an arrangement in which two or more parties have joint control. Joint control is the contractually agreed sharing of control of an arrangement, which exists only when decisions about the relevant activities require the unanimous consent of the parties sharing control. The Company classifies its interests in joint arrangements as either joint operations or joint ventures depending on the Company’s rights to the assets and obligations for the liabilities of the arrangements. A joint venture is a joint arrangement whereby the parties that have joint control of the arrangement have rights to the net assets of the arrangement. The Company recognizes its interest in the joint ventures as an investment and accounts for that investment using the equity method. For the years ended December 31, 2022, 2021 and 2020 the Company does not have an interest in joint operations. If an investment interest is reduced but continues to be classified as joint arrangement, the Company reclassifies to profits or losses the proportion of the gain or loss that had previously been recognized in other comprehensive income relating to the reduction in ownership interest if the gain or loss would be required to be reclassified to consolidated net income on the partial disposal of the related investment. The Company reclassifies the proportion of the interest disposed of a joint venture investment based on the overall reduction in the investment. During the years ended December 31, 2022, 2021, and 2020 the Company did not have any significant disposals or partial disposals of joint arrangements. Upon loss of joint control over a joint venture, the Company measures and recognizes any retained investment at its fair value.
Property, plant and equipment	3.15 Property, plant and equipment Property, plant, and equipment are initially recorded at their cost of acquisition and/or construction and are presented net of accumulated depreciation and accumulated impairment losses, if any. The borrowing costs related to the acquisition or construction of qualifying assets are capitalized as part of the cost of that asset, if material. Major maintenance costs are capitalized as part of the total acquisition cost. Routine maintenance and repair costs are expensed as incurred. Investments in progress consist of long-lived assets not yet in service or, in other words, that are not yet ready for the purpose that they were bought, built or developed. The Company expects to complete those investments during the following 12 months. Depreciation is computed using the straight-line method over the asset’s estimated useful life. Where an item of property, plant and equipment comprises major components having different useful lives, the components are accounted and depreciated for as separate items of property, plant and equipment. The Company estimates depreciation rates, considering the estimated useful lives of the assets. During 2022, Coca-Cola FEMSA reviewed the useful lives of its property, plant and equipment, and determined changes in its estimated useful lives of these assets. The financial impact of this change for 2022 is immaterial. Changes in these estimations were applied prospectively. 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 The estimated useful lives, residual values and depreciation method are reviewed at the end of each reporting period, with the effect of any changes in estimate accounted for on a prospective basis. An item of property, plant and equipment is derecognized upon disposal or when no future economic benefits are expected to arise from the continued use of the asset. Any gain or loss arising on the disposal or retirement of an item of property, plant and equipment is determined as the difference between the sales proceeds (if any) and the carrying amount of the asset and is recognized in the consolidated income statement. Returnable and non-returnable bottles: Coca-Cola FEMSA has two types of bottles: returnable and non-returnable. • Non-returnable bottles are expensed in the consolidated income statement at the time of the sale of the product. • Returnable bottles are classified as long-lived assets as a component of property, plant and equipment. Returnable bottles are recorded at acquisition cost and for countries with hyperinflationary economies, restated according to IAS 29, Depreciation of returnable bottles is computed using the straight-line method over their estimated useful lives of the bottles. There are two types of returnable bottles: • Those that are in Coca-Cola FEMSA’s control within its facilities, plants and distribution centers; and • Those that have been placed in the hands of customers, and still belong to Coca-Cola FEMSA. Returnable bottles that have been placed in the hands of customers are subject to an agreement with a retailer under which Coca-Cola FEMSA retains ownership. These bottles are monitored by sales personnel during periodic visits to retailers and Coca-Cola FEMSA has the right to charge any breakage identified to the retailer. Bottles that are not subject to such agreements are expensed when placed in the hands of retailers. Coca-Cola FEMSA’s returnable bottles are depreciated according to their estimated useful lives (three years for glass bottles and 1.5 years for PET bottles). Deposits received from customers are amortized over the same estimated useful lives of the bottles.
Leases	3.16 Leases Under IFRS 16, the Company assesses at its inception whether a contract is, or contains, a lease when the contract conveys the right to control the use of an identified asset for a period in exchange for consideration. The Company assesses whether a contract is a lease arrangement, when: • The contract involves the use of an identified asset – this may be specified explicitly or implicitly, and should be physically distinct or represent substantially all the capacity of a physically distinct asset. If the lessor has substantive substitution rights, then the asset is not identified; • The Company has the right to obtain substantially all the economic benefits from the use of the asset throughout the period of use; and • The Company has the right to direct the use of the asset when it has the decision-making rights that are most relevant to changing how and for what purpose the asset is used. When the use of the asset is predetermined, the Company has the right to direct the use of the asset if either: i) it has the right to operate the asset; or ii) it designed the asset in a way that predetermines how and for what purpose it will be used. The Company enters into leases mainly for land and buildings for its retail stores and other buildings for its offices. In general, lease agreements for retail stores last 15 years, and office space agreements generally have terms between three As a lessee Initial recognition At the lease commencement date, the Company recognizes a right-of-use asset and a lease liability. The right-of-use asset is initially measured at cost, which comprises the initial amount of the lease liability adjusted for any lease payments made at or before the commencement date. The right-of-use asset considers any initial direct costs incurred and an estimate of costs to dismantle and remove the underlying asset or to restore the underlying asset or the site on which it is located, less any lease incentives received. The lease liability is initially measured at the present value of the lease payments to be made over the lease term. The future lease payments are discounted using the Company’s incremental borrowing rate, which is considered as the rate that the Company would negotiate when obtaining financing for a similar period, and with a similar guarantee, to obtain an asset of a similar value to the leased asset. For the Company, the discount rate used to measure the right of use asset and its lease liability is the rate related to the cost of financing for the Company from the consolidated perspective (“ Ultimate Parent Company”) . Lease payments included in the measurement of the lease liability, comprise the following: • Fixed payments, including in-substance fixed payments, less any incentives receivable; • Variable lease payments that depend on an index or a rate, initially measured using the index or rate as at the commencement date; • The exercise price under a purchase option that the Company is reasonably certain to exercise, an extension option, and penalties for early termination of a lease unless the Company is reasonably certain not to terminate early; and • Amounts expected to be payable to the lessor under residual value guarantees. The Company does not recognize a right-of-use asset and a lease liability for short-term leases that have a lease term of 12 months or less and leases of low-value assets, mainly technological equipment used by the employees, such as computers, handheld devices, and printers. The Company recognizes the lease payments associated with these leases as an expense in the consolidated statement of income as they are incurred. Subsequent measurement The right-of-use asset is depreciated using the straight-line method from the commencement date to the earlier of the end of the useful life of the right-of-use asset or the end of the lease term. In addition, the right-of-use asset is periodically adjusted for impairment losses, if any, and adjusted for certain remeasurements of the lease liability. The lease liability is measured at amortized cost using the effective interest rate method. The Company remeasures the lease liability when there is a modification in the lease term or amounts of expected payments under a residual value guarantee and when it arises from a change in an index or rate, without modifying the incremental borrowing rate (unless it results from a change in a floating rate). The lease liability is remeasured using a new incremental borrowing rate at the date of the modification when: • An extension or termination option is exercised modifying the non-cancellable period of the contract; or • The Company changes its assessment of whether it will exercise a purchase option. When the lease liability is remeasured, a corresponding adjustment is made to the carrying value amount of the right-of-use asset, or is recorded in profit or loss if the carrying amount of the right-of-use asset has been reduced to zero. A modification to the lease agreement is accounted for as a separate lease if both of the following conditions are met: i) the modification increases the scope of the lease by adding the right-to-use one or more underlying assets, and ii) the consideration for the lease increases by an amount proportional to the stand-alone price for the increase in scope and any appropriate adjustments to that stand-alone price to reflect the circumstances of the contract. In the consolidated statement of income, the interest expense from the lease liability is recognized as a component of finance costs, unless it is directly attributable to qualifying assets, in which case it is capitalized in accordance with the Company’s accounting policy on borrowing costs. Depreciation of the right-of-use asset is recognized in the consolidated statement of income. Leasehold improvements on lease agreements are recognized as a part of property, plant and equipment in the consolidated financial statements and are amortized using the straight-line method over the shorter of either the useful life of the assets or the related lease term. The Company has recognized a significant amount of right-of-use assets and a corresponding lease liability, see Note 12. As a lessor If the Company acts as a lessor, it determines at lease inception if each arrangement is either a finance lease or an operating lease. Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards incidental to ownership of the underlying asset. All other leases are classified as operating leases. The Company considers certain relevant indicators, amongst others, to determine if substantially all the risks and rewards are transferred, such as: • Whether the lease is for the major part of the economic life of the asset, or • Whether the present value of the minimum future lease payments amounts to substantially all of the fair value of the underlying asset. The Company recognizes lease payments received under operating leases as income on a straight-line basis over the lease term as part of the consolidated statement of income, except where another systematic basis is more representative of the time pattern in which economic benefits from the leased asset are consumed. The Company also recognizes costs, including depreciation of the leased assets, incurred in earning the lease revenue. The Company initially recognizes an amount equal to the net investment of the lease, that is, the present value of future lease payments plus any guarantee of residual value that is granted; and it is classified between the current portion of the receivables with maturity less than or equal to a term of 12 months and the non-current receivables, that is, with maturity greater than 12 months; including: (i) fixed payments, including those that are in substance fixed payments, which may involve variability, but that are unavoidable, less any lease incentive to be received; (ii) payments for variable rent that depend on an index or a rate at the start date of the lease contract; (iii) amounts payable by the lessee under residual value guarantees (if applicable); (iv) the price related to a purchase option if the lessee is reasonably certain to exercise the option (if applicable); and (v) payments for penalties derived from the termination of the lease, if the term of the lease reflects that the lessee will exercise an option to terminate the lease. All intra-group right-of-use assets and lease liabilities, interest expenses, depreciation and cash flows relating to transactions between subsidiaries of the Company are eliminated on consolidation.
Borrowing costs	3.17 Borrowing costs Borrowing costs directly attributable to the acquisition, construction or production of qualifying assets, which are assets that necessarily take a substantial period to get ready for their intended use or sale, are added to the cost of those assets, until such time as the assets are substantially ready for their intended use or sale. Borrowing costs may include: • Interest expense; and • Exchange differences arising from foreign currency borrowings to the extent that they are regarded as an adjustment to interest costs. Interest income earned on the temporary investment of specific borrowings pending their expenditure on qualifying assets is deducted from the borrowing costs eligible for capitalization. All other borrowing costs are recognized in the consolidated income statement in the period in which they are incurred.
Intangible assets	3.18 Intangible assets Intangible assets are identifiable non-monetary assets without physical substance and represent payments whose benefits will be received in future years. Intangible assets acquired separately are measured at initial recognition at cost. The cost of intangible assets acquired in a business combination is their fair value as of the date of acquisition (see Note 3.2). Following initial recognition, intangible assets are carried at cost less any accumulated amortization and accumulated impairment losses. The useful lives of intangible assets are assessed as either finite or indefinite, in accordance with the period over which the Company expects to receive the benefits. Intangible assets with finite useful lives are amortized and mainly consist of: • Customer relationships intangible assets acquired in a business combination, recognized on acquisition and recorded at fair value. After initial recognition, customer relationships intangible assets are stated at cost less accumulated amortization and any impairment losses. Amortization is charged to the income statement on a straight-line basis over the estimated useful economic lives which range from 5 to 25 years. • Information technology and management system costs incurred during the development stage which are currently in use. Such amounts are capitalized and then amortized using the straight-line method over their expected useful lives, with a range in useful lives from 3 to 10 years. Expenditures that do not fulfill the requirements for capitalization are expensed as incurred. • Long-term alcohol licenses are amortized using the straight-line method over their estimated useful lives, which are estimated at 12 years, and are presented as part of intangible assets with finite useful lives. Amortized intangible assets are reviewed for impairment whenever events or changes in circumstances indicate that the carrying amount of an asset or group of assets may not be recoverable through its expected future cash flows. Intangible assets with an indefinite life are not amortized and are subject to impairment tests on an annual basis as well as whenever certain circumstances indicate that the carrying amount of those intangible assets may exceed their recoverable value. The Company’s intangible assets with an indefinite life mainly consist of rights to produce and distribute Coca-Cola trademark products in the Company’s territories. These rights are contained in agreements that are standard contracts that The Coca-Cola Company has with its bottlers. Additionally, the Company’s intangible assets with an indefinite life also include Health Division’s trademark rights which consist of standalone beauty store retail banners, pharmaceutical distribution to third-party clients and the production of generic and bioequivalent pharmaceuticals. Finally, the Company’s intangible assets with an indefinite life include trademark rights related to Envoy Solutions, which consist of a specialized distribution platform for cleaning products and consumables. As of December 31, 2022, and in regards to a joint restructure with TCCC for certain bottling agreements, Coca-Cola FEMSA had four bottler agreements in Mexico, (i) Valley of Mexico territory, which is up for renewal in June 2023, (ii) Southeast territory, which is up for renewal in June 2023, (iii) Bajio territory, which is up for renewal in May 2025 and (iv) Golfo territory, which is up for renewal in May 2025. As of December 31, 2022, Coca-Cola FEMSA had one bottler agreement in Brazil, which is up for renewal in October 2027. As of December 31, 2022, Coca-Cola FEMSA had three bottler agreements in Guatemala, which are up for renewal in March 2025 (one contract) and April 2028 (two contracts). In addition, Coca-Cola FEMSA had one bottler agreement in each country which are up for renewal as follows: Argentina, which is up for renewal in September 2024; Colombia which is up for renewal in June 2024; Panama which is up for renewal in November 2024; Costa Rica which is up for renewal in September 2027; Nicaragua which is up for renewal in May 2026; and Uruguay which is up for renewal in June 2028. As of December 31, 2022, Coca-Cola FEMSA’s Venezuela investee (see Note 2.3.1.9) had one bottler agreement, which is up for renewal in August 2026. The bottler agreements are automatically renewable for ten-year terms, subject to the right of either party to give prior notice that it does not wish to renew a specific agreement. In addition, these agreements generally may be terminated in the case of material breach. Termination would prevent Coca-Cola FEMSA from selling Coca-Cola trademark beverages in the affected territory and would have an adverse effect on the Company´s business, financial conditions and results from operations.
Non-current assets held for sale and discontinued operations	3.19 Non-current assets held for sale and discontinued operations Non-current assets and disposal groups are classified as held for sale if their carrying amount will be recovered principally through a sale transaction rather than through continuous operational use. This condition is regarded as met only when the sale is highly probable and the non-current asset (or disposal group) is available for immediate sale in its present condition. The sale is considered highly probable if the following conditions are met: • The appropriate level of management must be committed to a plan to sell the asset (or disposal group); • An active program to locate a buyer and complete the plan must have been initiated; • The asset (disposal group) must be actively marketed for sale at a price that is reasonable in relation to its current fair value; and • The sale should be expected to qualify for recognition as a completed sale within one year from the date of classification. Non-current assets (or disposal groups) classified as held for sale are measured at the lower of their previous carrying amount and fair value less costs to selling. Discontinued operations are excluded from the continuing operations and are also presented as a single line item as earnings (loss) after income taxes of discontinued operations in the income statement. For the year ended on December 31, 2022, 2021 and 2020 the Company did not have discontinued operations.
Impairment of long-lived assets	3.20 Impairment of long-lived assets At the end of each reporting period, the Company reviews the carrying amounts of its long-lived tangible and intangible assets with finite lives to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the Company estimates the recoverable amount of the cash-generating unit to which the asset belongs. Where a reasonable and consistent basis of allocation can be identified, corporate assets are also allocated to individual CGU, or otherwise they are allocated to the smallest CGUs for which a reasonable and consistent allocation basis can be identified. The estimated discount rates to perform the IAS 36 “Impairment of assets,” impairment test for each CGU or group of CGUs consider market participants’ assumptions. Market participants were selected taking into consideration the size, operations and characteristics of the businesses that are similar to those of the CGU. The WACC takes into account both debt and cost of equity. The cost of equity is derived from the expected return on investment by Company’s investors. The cost of debt is based on the interest-bearing borrowings the Company is obliged to service, which is equivalent to the cost of debt based on the conditions that a creditor would assess in the market. Segment-specific risk is incorporated by applying beta factors which are evaluated annually based on publicly available market data. For impairment testing goodwill acquired in a business combination, is allocated at the acquisition date to each of the group’s CGUs that are expected to benefit from the combination, irrespective of whether other assets or liabilities of the acquiree are assigned to those units. For goodwill and other indefinite-lived intangible assets, the Company tests for impairment on an annual basis and whenever certain circumstances indicate that the carrying amount of the related CGU might exceed its recoverable amount. The recoverable amount is the higher of fair value less costs to sell and value-in-use. In assessing value-in-use, the estimated future cash flows are discounted to their present value using a pre-tax discount rate that reflects current market assessments of the time value of money and the risks specific to the asset for which the estimates of future cash flows have not been adjusted, as discussed in Note 2.3.1.1. If the recoverable amount of an asset or CGU is estimated to be less than its carrying amount, the carrying amount of the asset (or CGU) is reduced to its recoverable amount. An impairment loss is recognized immediately in consolidated net income. Where the conditions leading to an impairment loss no longer exist, it is subsequently reversed. That is, the carrying amount of the asset (or CGU) is increased to the revised estimate of its recoverable amount, but so that the increased carrying amount does not exceed the carrying amount that would have been determined had no impairment loss been recognized for the asset (or CGU) in prior years. A reversal of an impairment loss is recognized immediately in the consolidated net income. Impairment losses related to goodwill are not reversible. For the years ended December 31, 2022, 2021 and 2020, the Company recognized impairment losses of Ps. 833, Ps. 1,427 and Ps. 5,102, respectively (see Note 20).
Financial liabilities and equity instruments	3.21 Financial liabilities and equity instruments 3.21.1 Classification as debt or equity Debt and equity instruments issued by the Company are classified as either financial liabilities or as equity in accordance with the substance of the contractual arrangements and the definitions of a financial liability and an equity instrument. 3.21.2 Equity instruments An equity instrument is any contract that evidences a residual interest in the assets of an entity after deducting all of its liabilities. Equity instruments issued by the Company are recognized at the proceeds received net of direct issue costs. Repurchase of the Company’s own equity instruments is recognized and deducted directly in equity. No gain or loss is recognized in profit or loss on the purchase, sale, issue or cancellation of the Company’s equity instruments. 3.21.3 Financial liabilities Initial recognition and measurement Financial liabilities within the scope of IFRS 9 are classified as financial liabilities at amortized cost, except for derivative instruments designated as hedging instruments in an effective hedge, financial liabilities arising from transfer of a financial asset that does not qualify for derecognition, financial guarantee contracts, and contingent consideration obligations in a business combination, as appropriate, which are recognized at FVTPL. The Company determines the classification of its financial liabilities at initial recognition. All financial liabilities are recognized initially at fair value less, in the case of loans and borrowings, directly attributable transaction costs. The Company’s financial liabilities include trade and other payables, loans and borrowings, and derivative financial instruments, see Note 3.9. Subsequent measurement The subsequent measurement of the Company’s financial liabilities depends on their classification as described below. 3.21.4 Loans and borrowings After initial recognition, interest-bearing loans and borrowings are subsequently measured at amortized cost using the EIR method. Gains and losses are recognized in the consolidated income statements when the liabilities are derecognized as well as through the effective interest method amortization process. Amortized cost is calculated by taking into account any discount or premium on acquisition and fees or costs that are an integral part of the effective interest method. The effective interest method amortization is included in interest expense in the consolidated income statements, see Note 19. 3.21.5 Derecognition A financial liability is derecognized when the obligation under the liability is discharged, canceled or expires. When an existing financial liability is replaced by another from the same lender on substantially different terms, or the terms of an existing liability are substantially modified, such an exchange or modification is treated as the derecognition of the original liability and the recognition of a new liability. The difference in the respective carrying amounts is recognized in the consolidated income statements.
Provisions	3.22 Provisions Provisions are recognized when the Company has a present obligation (legal or constructive) as a result of a past event, it is probable that the Company will be required to settle the obligation, and a reliable estimate can be made of the amount of the obligation. The amount recognized as a provision is the best estimate of the consideration required to settle the present obligation at the end of the reporting period, taking into account the risks and uncertainties surrounding the obligation. When a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (where the effect of the time value of money is material). When some or all of the economic benefits required to settle a provision are expected to be recovered from a third party, a receivable is recognized as an asset if it is virtually certain that reimbursement will be received, and the amount of the receivable can be measured reliably. The Company recognizes a provision for a loss contingency when it is probable (i.e. the probability that the event will occur is greater than the probability that it will not) that certain effects related to past events, would materialize and can be reasonably quantified. These events and their financial impact are also disclosed as loss contingencies in the consolidated financial statements when the risk of loss is deemed to be other than remote. The Company does not recognize an asset for a gain contingency until the gain is realized, see Note 26. Restructuring provisions are recognized only when the recognition criteria for provisions are fulfilled. The Company has a constructive obligation when a detailed formal plan identifies the business or part of the business concerned, the location and number of employees affected, there is a detailed estimate of the associated costs, and an appropriate timeline. Furthermore, the employees affected must have been notified of the plan’s main features.
Post-employment and other long-term employee benefits	3.23 Post-employment and other long-term employee benefits Post-employment and other long-term employee benefits, which are considered to be monetary items, include obligations for pension and retirement plans, seniority premiums and postretirement medical services. In Mexico, the economic benefits from employee benefits and retirement pensions are granted to employees with 10 years of service and minimum age of 60. In accordance with Mexican Labor Law, the Company provides seniority premium benefits to its employees under certain circumstances. These benefits consist of a one-time payment equivalent to 12 days wages for each year of service (at the employee’s most recent salary, but not to exceed twice the legal minimum wage), payable to all employees with 15 or more years of service, as well as to certain employees terminated involuntarily before the vesting of their seniority premium benefit. For qualifying employees, the Company also provides certain post-employment healthcare benefits such as the medical-surgical services, pharmaceuticals, and hospitals. For defined benefit retirement plans and other long-term employee benefits, such as the Company’s sponsored pension and retirement plans, seniority premiums and postretirement medical service plans, the cost of providing benefits is determined using the projected unit credit method, with actuarial valuations being carried out at the end of each reporting period. All remeasurement effects of the Company’s defined benefit obligation such as actuarial gains and losses are recognized directly in OCI. The Company presents service costs within cost of goods sold, administrative and selling expenses in the consolidated income statements. The Company presents net interest cost within interest expense in the consolidated income statements. The projected benefit obligation recognized in the consolidated statement of financial position represents the present value of the defined benefit obligation as of the end of each reporting period. Certain subsidiaries of the Company have established plan assets for the payment of pension benefits, seniority premiums and postretirement medical services through irrevocable trusts of which the employees are named as beneficiaries, which serve to decrease the unfunded status of such plans’ related obligations. Costs related to compensated absences, such as vacations and vacation premiums, are recognized on an accrual basis. In December 2022 a Labor Reform was approved, in which the number of vacations granted to workers is extended, which is to take effects in January 2023. The Company made the analysis and determined that the impact of this reform is not significant on its financial statements. The Company recognizes a liability and expense for termination benefits at the earlier of the following dates: a) When it can no longer withdraw the offer of those benefits; or b) When it recognizes costs for a restructuring that is within the scope of IAS 37 “ Provisions, Contingent Liabilities and Contingent Assets ,” and involves the payment of termination benefits. The Company is demonstrably committed to termination when, and only when, the entity has a detailed formal plan for the termination and is without realistic possibility of withdrawal. A settlement occurs when an employer enters into a transaction that eliminates all further legal or constructive obligations for part or all of the benefits provided under a defined benefit plan. A curtailment arises from an isolated event such as the closing of a plant, discontinuance of an operation or termination or suspension of a plan. Gains or losses on the settlement or curtailment of a defined benefit plan are recognized when the settlement or curtailment occurs.
Revenue recognition	3.24 Revenue recognition The Company recognizes revenue when the control of performance obligations included in the contract is transferred to the customer. Control refers to the ability that the customer has to direct the use and also to obtain substantially all the benefits of the goods or services exchanged. Management defined the following as indicators to analyze the timing and circumstances as well as the amount by which the revenues would be recognized: • Identify the contract(s) with a customer (written, oral or any other according to business practices); • Evaluate the goods and services promised in the customer contract and identifying how each performance obligation in the contract will be transferred to the customer; • Consider the contractual terms jointly with business practices to determine the transaction price. The transaction price is the amount of the consideration the Company expects to receive in exchange for transferring the promised goods and services to the customer, excluding tax on sales. The expected consideration in a contract may include fixed amounts, variable amounts or both; • Allocate the transaction price to each performance obligations in the contract (to each good and service that is different) for an amount that represents the consideration to which the entity expects to receive in exchange for the goods and services arranged with the customer; and • Recognize revenue when (or as) the entity satisfies a performance obligation in exchange for promised goods and services. All of the above conditions are typically met at the point in time that goods are delivered to the customer at the customers’ facilities. Net sales reflect units delivered at list prices reduced by promotional allowances and discounts. The benefits granted from suppliers to the Company as discounts and incentives are recognized as benefits in the cost of goods sold because the Company does not have a separate performance obligation. The Company generates revenues for the following activities: Sale of goods Includes the sales of goods by all the subsidiaries of the Company, mainly the sale of beverages of the leading brand of Rendering of services Includes the revenues of distribution services, maintenance services and packing of raw materials that the Company recognizes as revenues as the related performance obligation is satisfied. The Company recognizes revenues for the rendering of services during the period in which the performance obligation is satisfied when the following conditions are met: • The customer receives and consumes simultaneously the benefits, as the Company satisfies the obligation; • The customer controls the related assets, even if the Company improves them; • The revenues can be measured reliably; and • It is probable that economic benefits will flow to the Company. Financial income Includes interest income generated on accounts receivables recorded when the following conditions are met: • The revenues can be measured reliably; and • It is probable that economic benefits will flow to the Company. In addition, the Company evaluates the revenue recognition based on the classification previously defined for the financial asset that generates the related financial income, according to the business models established for the financial instruments. The main financial instruments of the Company that could generate financial income are trade accounts receivables classified as financial assets held to maturity which are measured at amortized cost through the effective interest rate method, applying EIR, which is the rate that exactly discounts the collections of cash flows to the expected life of the related financial asset. Rewards programs The Company recognizes a provision for the obligation to award additional benefits to its customers. Management considers in determining that provision, the expectation that some percentage of its customers would not redeem their rewards points in the future based on previous experience. Revenue is recognized when the reward points are redeemed and the related inventory is transferred to the customer. Variable allowances granted to customers The Company adjusts the transaction price based on estimates of the promotions, discounts or any other variable allowances that may be granted to the customers. These estimates are based on the commercial agreements celebrated with the customers and on the historical performance for the customer. Sales discounts are considered variable consideration and are reflected in the client’s invoice. Therefore discounts are recorded at the moment of sale (sales are recorded net of discounts). In the Modern Channel, retail products are sold at a discount based on volume, considering total sales during certain period. Revenues on these sales are recognized based on the price established in the agreement, net of discounts for estimated volume. Accumulated experience is used to estimate discounts, using the expected value method. No element of financing is considered, due to the fact that the majority of sales are made in cash for the Traditional Channel or on credit for the Modern Channel. Contracts costs The incremental costs to obtain a contract with a customer are recognized as an asset (capitalized) if the Company expects to recover those costs. The incremental costs of obtaining a contract are those costs that an entity incurs to obtain a contract with a customer that it would not have incurred if the contract had not been obtained. The Company expenses these costs as incurred when the revenue associated with those costs is recognized for a period equal to or less than a year. Any other costs that are related to the fulfillment of a contract with a customer and not within the scope of another IFRS standard (e.g. IAS 2 - Inventories), is recorded as an asset if they meet the following criteria: • The costs relate directly to a contractor or with a contract that the Company expects to identify specifically; • The costs generate or improve the resources of the Company that will be applied to satisfy, or continue satisfying performance obligations in the future; and • The costs are expected to be recovered. The asset recognized is amortized in the same manner as the goods and services are transferred to the customer. Accordingly, the asset is recognized in the income statement through its amortization in the same period in which the related revenue is recognized. For the years ended December 31, 2022, 2021 and 2020, contract costs were not significant.
Administrative and selling expenses	3.25 Administrative and selling expenses Administrative expenses include labor costs (salaries and other benefits, including employee profit sharing in Mexico (“PTU”)) of employees not directly involved in the sale or production of the Company’s products, as well as professional service fees, the depreciation of office facilities, amortization of capitalized information technology system implementation costs and any other similar costs. Selling expenses include: • Distribution: labor costs, outbound freight costs, warehousing costs of finished products, write-off of returnable bottles in the distribution process, depreciation and maintenance of trucks and other distribution facilities and equipment. For the years ended December 31, 2022, 2021 and 2020, these distribution costs amounted to Ps. 30,721, Ps. 26,023 and Ps. 24,190, respectively; • Sales: labor costs and sales commissions paid to sales personnel; and • Marketing: promotional expenses and advertising costs. As consequence of the 2021 labor law reform in Mexico there was an increase in the employee profit sharing to be paid to employees on a yearly basis. The increase is the result of transferring employees as obligated by the labor law from service companies to operating companies, where the profit margins are higher and therefore more profit sharing is expected to be paid. In addition, there is a cap on the payment of profit sharing of up to three months of salary per employee or the average of profit sharing received by each employee in the previous three years, whichever is greater.
Income taxes	3.26 Income taxes The income tax expense represents the sum of the tax currently payable and deferred tax. Income taxes are charged to consolidated income statements as they are incurred, except when they relate to items that are recognized in other comprehensive income or directly in equity, in which case, the current and deferred tax are also recognized in other comprehensive income or directly in equity, respectively. Management periodically evaluates positions taken in tax returns with respect to situations in which applicable tax regulation is subject to interpretation and considers whether it is probable that a taxation authority will accept an uncertain tax treatment. The Company measures its tax balances either based on the most likely amount or the expected value, depending on which method provides a better prediction of the resolution of the uncertainty. 3.26.1 Current income taxes Income taxes are recognized in the results of the period of the year in which they are incurred, however, in the case of inflationary effects, penalties and surcharges derived from income taxes from previous years, they are recognized within the line of other expenses and other income in accordance with IAS 37 before the income taxes line item in the consolidated income statement of the Company since Management considers that the aforementioned inflationary effects, penalties and surcharges are not an integral part of the income taxes of the year (see Note 25.2). 3.26.2 Deferred income taxes Deferred tax is recognized on temporary differences between the carrying amounts of assets and liabilities in the consolidated financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognized for all taxable temporary differences. Deferred tax assets are generally recognized for all deductible temporary differences, including tax loss carryforwards and certain tax credits, to the extent that it is probable that future taxable profits, reversal of existing taxable temporary differences and future tax planning strategies will create taxable profits that will be available against which those deductible temporary differences can be utilized. Such deferred tax assets and liabilities are not recognized if the temporary difference arises from initial recognition of goodwill (no recognition of deferred tax liabilities) or from the initial recognition (other than in a business combination) of other assets and liabilities in a transaction that affects neither the taxable profit nor the accounting profit. In the case of Brazil, where certain goodwill amounts are at times deductible for tax purposes, the Company recognizes in connection with the acquisition accounting a deferred tax asset for the tax effect of the excess of the tax basis over the related carrying value. The carrying amount of deferred tax assets is reviewed at each reporting date and reduced to the extent that it is no longer probable that sufficient taxable profit will be available to allow all or part of the deferred tax asset to be utilized. Unrecognized deferred tax assets are re-assessed at each reporting date and are recognized to the extent that it has become probable that future taxable profits will allow the deferred tax asset to be recovered. Deferred tax liabilities are recognized for taxable temporary differences associated with investments in subsidiaries, associates, and interests in joint ventures, except where the Company is able to control the reversal of the temporary difference and, it is probable that the temporary difference will not reverse in the foreseeable future. Deferred tax assets arising from deductible temporary differences associated with such investments and interests are only recognized to the extent that it is probable that there will be sufficient taxable profits against which to utilize the benefits of the temporary differences and they are expected to reverse in the foreseeable future. Deferred income taxes are classified as a long-term asset or liability, regardless of when the temporary differences are expected to reverse. Deferred tax relating to items recognized in the other comprehensive income is recognized in correlation to the underlying transaction in OCI. Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset is realized, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. The measurement of deferred tax liabilities and assets reflects the tax consequences that would follow from the how the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities. In Mexico, the income tax rate was 30%, for 2022, 2021 and 2020, and it is expected to remain at 30% for the following years.
Share-based payments arrangements	3.27 Share-based payments arrangements Senior executives of the Company receive remuneration in the form of share-based payment transactions, whereby the employees render services as consideration for equity instruments. The equity instruments are granted and then held by a trust controlled by the Company until vesting. They are accounted for as equity-settled transactions. The award of equity instruments is based on a fixed monetary value on the grant date. Equity-settled share-based payments to these employees are measured at the fair value of the equity instruments at the grant date. The fair value determined at the grant date of the equity-settled share-based payments is expensed and recognized based on the graded vesting method over the vesting period, based on the Company’s estimate of equity instruments that will eventually vest. At the end of each reporting period, the Company revises its estimate of the number of equity instruments expected to vest. The impact of the revision of the original estimates, if any, is recognized in the consolidated income statements such that the cumulative expense reflects the revised estimate.
Earnings per share	3.28 Earnings per share The Company presents basic and diluted earnings per share (“EPS”) data for its shares. Basic EPS is calculated by dividing the net income attributable to controlling interest by the weighted average number of shares outstanding during the period adjusted for the weighted average of own shares purchased in the year. Diluted EPS is determined by adjusting the weighted average number of shares outstanding including the weighted average of own shares purchased in the year for the effects of all potentially dilutive securities, which comprise share rights granted to employees described above.
Issuance of subsidiary common shares	3.29 Issuance of subsidiary common shares The Company recognizes the issuance of a subsidiary’s common shares as an equity transaction. The difference between the book value of the shares issued and the amount contributed by the non-controlling interest holder or third party is recorded in additional paid-in capital.

Company Business (Tables)

Company Business (Tables)	12 Months Ended
	Dec. 31, 2022
Company Business [Abstract]
Summary of Significant Investments in Subsidiaries	The following is a description of the Company’s businesses, along with its interest ownership in each reportable segment: % Ownership Business 2022 2021 Activities Coca-Cola FEMSA, S.A.B. de C.V. and subsidiaries (“Coca-Cola FEMSA”) 47.2% (1) 47.2% (1) Production, distribution and marketing of certain Coca-Cola trademark beverages in Mexico, Guatemala, Nicaragua, Costa Rica, Panama, Colombia, Venezuela, Brazil, Argentina and Uruguay. As of December 31, 2022, The Coca-Cola Company (“TCCC”) indirectly owns 27.8% of Coca-Cola FEMSA’s capital stock. In addition, shares representing 25% of Coca-Cola FEMSA’s capital stock are traded on the Bolsa Mexicana de Valores (Mexican Stock Exchange “BMV”) and the New York Stock Exchange, Inc. (“NYSE”) in the form of American Depositary Shares (“ADS”). Proximity Division - Americas (3) 100% 100% Small-box retail chain format operations in Mexico, Colombia, Peru, Chile and Brazil, mainly under the trade name “OXXO.” Proximity Division - Europe (3) (4) 98.15% — Small-box retail and foodvenience chain operated by Valora through its portfolio of brands (k kiosk, Brezelkönig, BackWerk, Ditsch, Press & Books, avec, Caffè Spettacolo and ok.–) located in Switzerland, Germany, Austria, Luxembourg and the Netherlands; as well as one of the world’s leading producers of pretzels under the trademark "Ditsch". Fuel Division 100% 100% Retail service stations for fuels, motor oils, lubricants and car care products under the trade name “OXXO Gas” with operations in Mexico. Health Division 100% 100% Drugstores operations in Chile, Colombia and Ecuador, mainly under the trademark “Cruz Verde”, “Fybeca” and “Sana Sana”; and in Mexico under various brands such as “YZA”,” La Moderna” and “Farmacon.” Logistics and Distribution Various (2) Various (2) Transport logistics services, specialized distribution and maintenance to subsidiary companies and third parties; with operations mainly in Mexico, the United States, Brazil, Colombia, among other countries in Latin America. Heineken investment 14.8% 14.8% Heineken N.V. and Heineken Holding N.V. shares, which represent an aggregate of 14.8% economic interest in both entities (“Heineken Group”). See note 30. Other businesses 100% 100% Production and distribution companies of collers, commercial refrigeration equipment, plastic boxes, food processing, preservation and weighing equipment. (1) The Company controls Coca-Cola FEMSA’s relevant activities. (2) On May 15, 2020, the Company completed the acquisition of the specialized distribution business of cleaning products and consumables in the United States, through the controlling interest of NW Synergy, which includes WAXIE Sanitary Supply (“WAXIE”) and North American Corporation (“North American”). Additionally, on December 31, 2020, the Company completed the acquisition of Southeastern Paper Group (“SEPG”). During 2022 and 2021 the Company acquired other companies increasing its specialized distribution footprint in the United States. See Note 4. (3) Starting 2022, the Company opted to report voluntarily a new reportable segment named “Proximity Division - Europe”, which includes Valora's sales through its portfolio of brands. Additionally, the segment previously called "Proximity Division" was renamed to "Proximity Division - Americas" (4) As described in note 4, as of October 7, 2022, the Company acquired 96.87% of ownership in Valora Holding AG. Through that date and until December 31, 2022, the Company continued acquiring ownership of Valora, having 98.15% at the end of the year.

Significant Accounting Polici_3

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 for Exchange Rate as of Recording December 31, December 31, Country or Zone Currency 2022 2021 2020 2022 2021 Guatemala Quetzal 2.60 2.62 2.78 2.47 2.67 Costa Rica Colon 0.03 0.03 0.04 0.03 0.03 Panama U.S. dollar 20.13 20.28 21.49 19.36 20.58 Colombia Colombian peso 0.01 0.01 0.01 0.01 0.01 Nicaragua Cordoba 0.56 0.58 0.63 0.53 0.58 Argentina Argentine peso 0.15 0.21 0.31 0.11 0.20 Brazil Reais 3.90 3.76 4.18 3.71 3.69 Chile Chilean peso 0.02 0.03 0.03 0.02 0.02 Euro Zone Euro (€) 21.17 24.00 24.48 20.65 23.25 Peru Nuevo Sol 5.24 5.22 6.15 5.07 5.15 Ecuador U.S. dollar 20.13 20.28 21.49 19.36 20.58 United States U.S. dollar 20.13 20.28 21.49 19.36 20.58 Uruguay Uruguayan peso 0.49 0.47 0.51 0.48 0.46 (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 - Country Cumulative Inflation - Type of Economy Type of Economy Cumulative 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 States 13.8 % Non-hyperinflationary 11.0 % Non-hyperinflationary 3.7 % 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

Business Combinations and Dis_2

Business Combinations and Disposals (Tables)	12 Months Ended
	Dec. 31, 2022
Business Combinations and Disposals [Abstract]
Summary of Preliminary Estimate of Fair Value of Net Assets Acquired and Reconciliation of Cash Flows	The allocation of the purchase price to the fair value of the net assets acquired is as follows: 2022 Total current assets, including cash acquired of Ps. 104 Ps. 615 Total non-current assets 972 Distribution rights 894 Total assets 2,481 Total liabilities (731) Net assets acquired 1,750 Goodwill arising on acquisition 197 Total consideration transferred 1,947 Amount to be paid (186) Net payment on acquisition date 1,761 Cash acquired of CVI (104) Net cash paid Ps. 1,657 The preliminary allocation of the purchase price to the fair value of the net assets acquired is as follows: 2022 Total current assets, including cash acquired of Ps. 1,971 Ps. 8,536 Right of use assets 18,820 Trademark 1,037 Other non-current assets 8,515 Total assets 36,908 Total liabilities (34,733) Net assets acquired 2,175 Goodwill and intangible assets pending of allocation (1) 20,361 Non-controlling interest 61 Total consideration transferred 22,475 Cash acquired (1,971) Net cash paid 20,504 (1) Goodwill and intangibles assets pending allocation would include primarily trademarks and customer relationships of which the majority are expected to be indefinite life. The company estimate that the amortization expense of customer relationships during 2022 is not significant. 2022 Current assets, including cash acquired of Ps. 15 Ps. 46 Accounts receivable 1,255 Inventory 1,391 Total non-current assets 24 Total assets 2,716 Total liabilities (560) Net assets acquired 2,156 Goodwill and intangible assets pending of allocation (1) 5,962 Total consideration transferred 8,118 Cash acquired (15) Net cash paid Ps. 8,103 (1) Goodwill and intangible assets pending allocation would include customer relationships which are expected to be approximately 28% of goodwill and intangible assets pending of allocation. The company estimate that the amortization expense of customer relationships during 2022 is not significant. 2020 Total current assets, including cash acquired of Ps. 138 Ps. 2,162 Customer relationships and trademark 10,698 Other non-current assets 1,954 Total assets 14,814 Total liabilities (3,523) Net assets acquired 11,291 Goodwill 10,241 Non-controlling interest (1) (1,299) Total consideration transferred in cash 20,233 Cash acquired (138) Net cash paid Ps. 20,095 (1) Non-controlling interests were measured using the net asset value method. 2022 Total current assets, including cash acquired of Ps. 6 Ps. 463 Total non-current assets 1,238 Total assets 1,701 Total liabilities (1,055) Net assets acquired 646 Goodwill 623 Total consideration transferred 1,269 Cash acquired (6) Net cash paid Ps. 1,263 The preliminary allocation of the purchase price to the fair value of the net assets acquired is as follows: 2022 Total current assets, including cash acquired of Ps. 198 Ps. 2,023 Total non-current assets 489 Total assets 2,512 Total liabilities (838) Net assets acquired 1,674 Goodwill and intangible assets pending of allocation (1) 6,497 Total consideration transferred 8,171 Cash acquired (198) Net cash paid Ps. 7,973 The final allocation of the purchase price to the fair value of the net assets acquired is as follows: 2021 Total current assets, including cash acquired of Ps. 337 Ps. 2,795 Customer relationships 2,864 Trademarks 58 Other non-current assets 1,594 Total assets 7,311 Total liabilities (2,907) Net assets acquired 4,404 Goodwill 5,545 Total consideration transferred 9,949 Amount to be paid (337) Net cash paid Ps. 9,612 (1) As a result of the purchase price allocation which was finalized in 2022, additional fair value adjustments from those recognized in 2021 have been recognized as follows: an increase in total net assets of Ps. 3,068 (from which Ps. 2,864 are customer relationships and Ps. 58 are trademarks), and a decrease in goodwill of Ps. 2,395.
Summary of Selected Income Statement for Period from Acquisition Date	The income statement information of this acquisition for the period from the acquisition date through December 31, 2022 is as follows: Income Statement 2022 Total revenues Ps. 10,064 Income before income taxes 229 Net loss Ps. (72) The income statement information of this acquisition for the period from the acquisition date through December 31, 2022 is as follows: Income Statement 2022 Total revenues Ps. 5,718 Income before income taxes 463 Net income Ps. 463 The income statement information of this acquisition for the period from the acquisition date through December 31, 2020 is as follows: Income Statement 2020 Total revenues Ps. 11,275 Income before income taxes 525 Net income Ps. 498 The income statement information of this acquisition for the period from the acquisition date through December 31, 2022 is as follows: Income Statement 2022 Total revenues Ps. 2,635 Income before income taxes 314 Net income Ps. 204 The income statement information of these acquisitions for the period from the acquisition date through December 31, 2022 is as follows: Income Statement 2022 Total revenues Ps. 2,148 Income before income taxes 115 Net income Ps. 115 Income Statement 2021 Total revenues Ps. $ 2,187 Income before income taxes 46 Net income Ps. 46
Summary of Unaudited Pro Forma Financial Information	Unaudited consolidated pro forma financial data for the acquisitions is as follows: For the year ended December 31, 2022 Total revenues Ps. 730,624 Income before income taxes and share of the profit of equity method accounted investees 43,318 Net income 34,864 Basic net controlling interest income per share Series “B” Ps. 1.20 Basic net controlling interest income per share Series “D” 1.50 Unaudited consolidated pro forma financial data for the acquisitions is as follows: For the year ended December 31, 2021 Total revenues Ps. 565,838 Income before income taxes and share of the profit of equity method accounted investees 41,313 Net income 37,800 Basic net controlling interest income per share Series “B” Ps. 1.43 Basic net controlling interest income per share Series “D” 1.78 Unaudited consolidated pro forma financial data for the acquisitions is as follows: For the year ended December 31, 2020 Total revenues Ps. 508,367 Income before income taxes and share of the profit of equity method accounted investees 20,019 Net income 4,464 Basic net controlling interest loss per share Series “B” Ps. (0.06) Basic net controlling interest loss per share Series “D” (0.08)

Cash and Cash Equivalents (Tabl

Cash and Cash Equivalents (Tables)	12 Months Ended
	Dec. 31, 2022
Cash and cash equivalents [abstract]
Schedule of Cash and Cash Equivalents	Cash and cash equivalents at the end of the reporting period as shown in the consolidated statements of financial position and cash flows are comprised of the following: December 31, 2022 December 31, 2021 Cash and bank balances Ps. 39,598 Ps. 32,145 Cash equivalents (see Note 3.5) 43,841 65,262 Ps. 83,439 Ps. 97,407

Investments (Tables)

Investments (Tables)	12 Months Ended
	Dec. 31, 2022
Investments [Abstract]
Schedule of Investments Classified as Amortized Cost	The following is a detail of such investments: Fixed-rate Corporate debt securities 2022 2021 Acquisition cost Ps. 21 Ps. 24,396 Accrued interest 30 19 Total investments Ps. 51 Ps. 24,415

Trade Accounts Receivable, Net

Trade Accounts Receivable, Net (Tables)	12 Months Ended
	Dec. 31, 2022
Trade and other receivables [abstract]
Disclosure of Accounts Receivable, Net	December 31, 2022 December 31, 2021 Trade accounts receivable Ps. 39,331 Ps. 30,564 The Coca-Cola Company (see Note 15) 776 820 Loans to employees 131 118 Heineken Group (see Note 15) 1,172 1,191 Others 6,355 3,156 Allowance for expected credit losses (2,238) (1,951) Ps. 45,527 Ps. 33,898
Disclosure of Aging of Accounts Receivable (Days Current or Outstanding)	Aging of accounts receivable (days current or outstanding) December 31, 2022 December 31, 2021 Current Ps. 36,978 Ps. 28,523 0‑30 days 7,517 4,108 31‑60 days 1,037 622 61‑90 days 463 373 91‑120 days 291 748 120+ days 1,479 1,475 Total Ps. 47,765 Ps. 35,849
Disclosure of Changes in Allowance for Expected Credit Losses	7.2 Changes in the allowance for expected credit losses 2022 2021 2020 Balance at the beginning of the period Ps. 1,951 Ps. 2,462 Ps. 2,189 Allowance for the period 1,060 496 591 Additions (write-offs) of uncollectible accounts (945) (821) (613) Addition from business combinations 166 — 273 Effects of changes in foreign exchange rates 6 (186) 22 Balance at the end of the period Ps. 2,238 Ps. 1,951 Ps. 2,462

Inventories (Tables)

Inventories (Tables)	12 Months Ended
	Dec. 31, 2022
Inventories [Abstract]
Summary of Inventories	December 31, 2022 December 31, 2021 Finished products Ps. 53,185 Ps. 40,742 Raw materials 6,383 6,138 Spare parts 1,159 1,109 Work in process 1,028 960 Inventories in transit 469 1,947 Ps. 62,224 Ps. 50,896
Summary of Changes in Inventories	For the years ended 2022, 2021 and 2020, changes in inventories are comprised of the following and included in the consolidated income statement under the cost of goods sold caption: 2022 2021 2020 Changes in inventories of finished goods and work in progress Ps. 270,345 Ps. 246,134 Ps. 209,410 Raw materials and consumables used 114,857 85,286 79,896 Total Ps. 385,202 Ps. 331,420 Ps. 289,306

Other Current Assets and Othe_2

Other Current Assets and Other Current Financial Assets (Tables)	12 Months Ended
	Dec. 31, 2022
Current assets [abstract]
Summary of Other Current Assets	December 31, 2022 December 31, 2021 Prepaid expenses Ps. 3,953 Ps. 3,115 Agreements with customers 208 111 Licenses 247 218 Assets classified as held for sale 27 10 Other 43 77 Ps. 4,478 Ps. 3,531
Summary of Prepaid Expenses	As of December 31, 2022 and 2021, the Company’s prepaid expenses are as follows: December 31, 2022 December 31, 2021 Advances for inventories Ps. 1,964 Ps. 2,110 Advertising and promotional expenses paid in advance 119 105 Advances to service suppliers 44 81 Prepaid leases 64 118 Prepaid insurance 332 284 Others 1,430 417 Ps. 3,953 Ps. 3,115
Summary of Other Current Financial Assets	9.2 Other current financial assets 2022 2021 Restricted cash Ps. 1,103 Ps. 688 Derivative financial instruments (see Note 21) 10,061 1,629 Note receivables (1) 205 163 Ps. 11,369 Ps. 2,480 (1) The carrying value approximates its fair value as of December 31, 2022 and 2021.
Summary of Carrying of Restricted Cash Pledged	The Company has pledged part of its cash to fulfill the collateral requirements for the accounts payable in different currencies. As of December 31, 2022 and 2021, the restricted cash pledged was held in: 2022 2021 U.S. Dollars Ps. 1,095 Ps. 685 Chilean pesos 8 3 Ps. 1,103 Ps. 688

Equity Method Accounted Inves_2

Equity Method Accounted Investees (Tables)	12 Months Ended
	Dec. 31, 2022
Investments in subsidiaries, joint ventures and associates reported in separate financial statements [abstract]
Summary of Equity Accounted Investees	As of December 31, 2022 and 2021, Company’s equity method accounted investees are as follows: Ownership Percentage Carrying Value Investee Principal Activity Place of Incorporation December 31, 2022 December 31, 2021 December 31, 2022 December 31, 2021 Heineken (1) (2) Beverages The Netherlands 14.8 % 14.8 % Ps. 92,282 Ps. 96,349 Coca-Cola FEMSA: Joint ventures: Dispensadoras de Café, S.A.P.I. de C.V. Services Mexico 50.0 % 50.0 % 189 183 Fountain Agua Mineral, L.T.D.A. Beverages Brazil 50.0 % 50.0 % 752 699 Planta Nueva Ecología De Tabasco, S.A. de C.V. Recycling Mexico 50.0 % 50.0 % 578 18 Associates: Promotora Industrial Azucarera, S.A. de C.V. (“PIASA”) Sugar production Mexico 36.4 % 36.4 % 3,632 3,348 Industria Envasadora de Querétaro, S.A. de C.V. (“IEQSA”) Canned bottling Mexico 26.5 % 26.5 % 157 178 Industria Mexicana de Reciclaje, S.A. de C.V. (“IMER”) Recycling Mexico 35.0 % 35.0 % 100 102 Jugos del Valle, S.A.P.I. de C.V. Beverages Mexico 29.3 % 28.8 % 2,267 2,128 Leao Alimentos e Bebidas, L.T.D.A. Beverages Brazil 25.1 % 24.7 % 388 404 TROP Frutas do Brasil S.A. (“TROP”) Beverages Brazil 23.9 % 23.6 % 13 55 Alimentos de Soja S.A.U. Beverages Argentina 10.7 % 10.7 % 282 263 Other investments in Coca-Cola FEMSA Various Various Various Various 94 116 Proximity Division - Americas: Raizen Conveniências Proximity Brazil 50.0 % 50.0 % 2,371 2,567 Other investments (1) (3) Various Various Various Various 564 889 Ps. 103,669 Ps. 107,299 (1) Associate. (2) As of December 31, 2022 and 2021 comprised of 8.63% of Heineken, N.V. and 12.26% of Heineken Holding, N.V., which represents an economic interest of 14.76% in Heineken Group. The Company has significant influence, mainly, because it participates in the Board of Directors of Heineken Holding, N.V. and the Supervisory Board of Heineken N.V.; and for the material transactions between the Company and Heineken Group (see Note 30). (3) Joint ventures.
Summarized Financial Information in Respect of Associate Accounted for Under Equity Method	Summarized financial information in respect of the associate Heineken Group accounted for under the equity method is set out below. December 31, 2022 December 31, 2021 Amounts in millions Peso Euro Peso Euro Total current assets Ps. 227,481 €. 11,015 Ps. 222,653 €. 9,578 Total non-current assets 854,803 41,391 912,929 39,272 Total current liabilities 293,050 14,190 281,141 12,094 Total non-current liabilities 336,543 16,296 396,489 17,056 Total equity 452,690 21,920 457,952 19,700 Equity attributable to equity holders 403,765 19,551 403,463 17,356 Total revenue and other income Ps. 598,072 €. 28,866 Ps. 555,269 €. 23,462 Total cost and expenses 509,333 24,583 449,171 18,979 Net income Ps. 62,965 €. 3,039 Ps. 83,662 €. 3,535 Net income attributable to equity holders 55,568 2,682 78,668 3,324 Other comprehensive income 6,257 302 31,713 1,340 Total comprehensive income Ps. 69,222 €. 3,341 Ps. 115,375 €. 4,875 Total comprehensive income attributable to equity holders 62,965 3,039 107,968 4,562
Reconciliation from Equity of Associate to Investment of Company	Reconciliation from the equity of the associate Heineken Group to the investment of the Company. December 31, 2022 December 31, 2021 Amounts in millions Peso Euro Peso Euro Equity attributable to equity holders of Heineken Ps. 403,765 €. 19,551 Ps. 403,463 €. 17,356 Economic ownership percentage 14.76 % 14.76 % 14.76 % 14.76 % Investment in Heineken investment exclusive of goodwill and other adjustments Ps. 59,560 €. 2,884 Ps. 59,534 €. 2,561 Effects of fair value determined by purchase price allocation 14,528 704 16,342 703 Goodwill 18,194 881 20,473 881 Heineken investment Ps. 92,282 €. 4,469 Ps. 96,349 €. 4,145
Schedule of Company's Share of Other Comprehensive Income from Equity Investees, Net of Taxes	For the year ended December 31, 2022, 2021 and 2020, the Company’s share of other comprehensive income from equity investees, net of taxes are as follows: 2022 2021 2020 Items that may be reclassified to consolidated net income: Valuation of the effective portion of derivative financial instruments Ps. (286) Ps. 32 Ps. (14) Exchange differences on translating foreign operations 2,655 2,893 (5,934) Total Ps. 2,369 Ps. 2,925 Ps. (5,948) Items that may not be reclassified to consolidated net income in subsequent periods: Remeasurements of the net defined benefit liability Ps. 267 Ps. 590 Ps. (111)

Property, Plant and Equipment (

Property, Plant and Equipment (Tables)	12 Months Ended
	Dec. 31, 2022
Property, plant and equipment [abstract]
Schedule of Property, Plant and Equipment, Net	Cost Land Buildings Machinery and Equipment Refrigeration Equipment Returnable Bottles Investments in Fixed Assets in Progress Leasehold Improvements Other Total Cost as of January 1,2020 Ps. 9,682 Ps. 26,794 Ps. 82,646 Ps. 17,301 Ps. 16,152 Ps. 9,601 Ps. 25,291 Ps. 793 Ps. 188,260 Additions (1) 241 616 5,277 137 2,613 6,979 2,611 185 18,659 Additions from business acquisitions 158 — 200 — — 3 46 81 488 Changes in the fair value of past acquisitions — — 59 — — — — — 59 Transfer of completed projects in progress 4 809 3,471 1,192 57 (5,644) 110 1 — Transfer (to)/from assets classified as held for sale — — 449 — — — — — 449 Disposals (13) (122) (3,358) (1,073) (561) (12) (808) (58) (6,005) Specialty's disposal — — (775) — — (24) (1,036) — (1,835) Effects of changes in foreign exchange rates (238) (1,135) (2,233) (797) (629) (339) 310 (97) (5,158) Effects on the recognition of inflation effects 88 293 990 189 291 (30) 3 — 1,824 Cost as of December 31, 2020 Ps. 9,922 Ps. 27,255 Ps. 86,726 Ps. 16,949 Ps. 17,923 Ps. 10,534 Ps. 26,527 Ps. 905 Ps. 196,741 Cost as of January 1, 2021 Ps. 9,922 Ps. 27,255 Ps. 86,726 Ps. 16,949 Ps. 17,923 Ps. 10,534 Ps. 26,527 Ps. 905 Ps. 196,741 Additions (1) 303 484 5,263 115 3,655 8,527 2,869 237 21,453 Additions from business acquisitions — — 86 — — — — — 86 Changes in the fair value of past acquisitions — — 55 — — — 3 — 58 Transfer of completed projects in progress 3 768 4,997 1,351 31 (7,384) 215 19 — Transfer (to)/from assets classified as held for sale — — 60 — — — (8) 4 56 Disposals (93) (205) (7,196) (1,614) (2,300) (190) (1,771) (32) (13,401) Effects of changes in foreign exchange rates (162) (657) (1,487) (556) (364) (752) (76) (82) (4,136) Effects on the recognition of inflation effects 140 464 1,580 318 487 1 — — 2,990 Cost as of December 31, 2021 Ps. 10,113 Ps. 28,109 Ps. 90,084 Ps. 16,563 Ps. 19,432 Ps. 10,736 Ps. 27,759 Ps. 1,051 Ps. 203,847 Cost Land Buildings Machinery and Equipment Refrigeration Equipment Returnable Bottles Investments in Fixed Assets in Progress Leasehold Improvements Other Total Cost as of January 1, 2022 Ps. 10,113 Ps. 28,109 Ps. 90,084 Ps. 16,563 Ps. 19,432 Ps. 10,736 Ps. 27,759 Ps. 1,051 Ps. 203,847 Additions (1) 447 774 8,239 939 4,124 15,597 2,669 397 33,184 Additions from business acquisitions 201 1,268 4,478 126 8 699 175 — 6,955 Changes in the fair value of past acquisitions — — (68) — — — 36 (18) (51) Transfer of completed projects in progress 159 1,571 4,794 2,485 645 (9,954) 290 10 — Transfer (to)/from assets classified as held for sale — — (107) — — — — — (107) Disposals (33) (259) (3,362) (1,072) (381) (290) (214) (14) (5,626) Effects of changes in foreign exchange rates (458) (1,167) (1,955) (1,276) (1,707) (589) 641 (165) (6,677) Effects on the recognition of inflation effects 222 735 2,903 536 849 7 — (2) 5,250 Cost as of December 31, 2022 Ps. 10,651 Ps. 31,030 Ps. 105,004 Ps. 18,300 Ps. 22,970 Ps. 16,204 Ps. 31,356 Ps. 1,259 Ps. 236,775 (1) Total includes Ps. 2,278, Ps. 3,784 and Ps. 289 outstanding payment to suppliers, as of December 31, 2022, 2021 and 2020 respectively. (2) Investments in fixed assets in progress are expected to be completed and transferred to other fixed assets categories within next twelve months. Accumulated Depreciation Land Buildings Machinery and Equipment Refrigeration Equipment Returnable Bottles Investments in Fixed Assets in Progress Leasehold Improvements Other Total Accumulated Depreciation as of January 1, 2020 Ps. — Ps. (6,898) Ps. (37,873) Ps. (8,651) Ps. (10,091) Ps. — Ps. (9,738) Ps. (496) Ps. (73,747) Depreciation for the year — (828) (8,390) (1,832) (2,779) — (2,404) (145) (16,378) Transfer to/(from) assets classified as held for sale — — (282) — — — — — (282) Disposals — 38 2,707 989 536 — 492 38 4,800 Specialty's disposal — — 625 — — — 649 — 1,274 Effects of changes in foreign exchange rates — 127 698 464 432 — (123) 170 1,768 Changes in value on the recognition of inflation effects — (82) (595) (132) (250) — (6) (5) (1,070) Accumulated Depreciation as of December 31, 2020 Ps. — Ps. (7,643) Ps. (43,110) Ps. (9,162) Ps. (12,152) Ps. — Ps. (11,130) Ps. (438) Ps. (83,635) Accumulated Depreciation Land Buildings Machinery and Equipment Refrigeration Equipment Returnable Bottles Investments in Fixed Assets in Progress Leasehold Improvements Other Total Accumulated Depreciation as of January 1, 2021 Ps. — Ps. (7,643) Ps. (43,110) Ps. (9,162) Ps. (12,152) Ps. — Ps. (11,130) Ps. (438) Ps. (83,635) Depreciation for the year — (870) (8,344) (1,795) (2,708) — (2,462) (154) (16,333) Transfer to/(from) assets classified as held for sale — — (38) — — — — — (38) Disposals — 80 5,312 1,493 2,391 4 1,649 27 10,956 Effects of changes in foreign exchange rates — 151 864 372 222 — 417 88 2,114 Changes in value on the recognition of inflation effects — (139) (946) (208) (427) — (6) (38) (1,764) Accumulated Depreciation as of December 31, 2021 Ps. — Ps. (8,421) Ps. (46,262) Ps. (9,300) Ps. (12,674) Ps. 4 Ps. (11,532) Ps. (515) Ps. (88,700) Accumulated Depreciation Land Buildings Machinery and Equipment Refrigeration Equipment Returnable Bottles Investments in Fixed Assets in Progress Leasehold Improvements Other Total Accumulated Depreciation as of January 1, 2022 Ps. — Ps. (8,421) Ps. (46,262) Ps. (9,300) Ps. (12,674) Ps. 4 Ps. (11,532) Ps. (515) Ps. (88,700) Depreciation for the year — (1,393) (9,107) (2,015) (3,234) — (2,456) (134) (18,339) Transfer to/(from) assets classified as held for sale — — 89 — — — — — 89 Disposals — 217 3,319 936 305 — 248 12 5,037 Effects of changes in foreign exchange rates — 298 745 860 1,274 — (766) 144 2,555 Changes in value on the recognition of inflation effects — (244) (2,034) (354) (745) — (5) (34) (3,416) Accumulated Depreciation as of December 31, 2022 Ps. — Ps. (9,544) Ps. (53,249) Ps. (9,873) Ps. (15,074) Ps. 4 Ps. (14,510) Ps. (528) Ps. (102,774) Carrying Amount Land Buildings Machinery and Equipment Refrigeration Equipment Returnable Bottles Investments in Fixed Assets in Progress Leasehold Improvements Other Total As of December 31, 2020 Ps. 9,922 Ps. 19,612 Ps. 43,616 Ps. 7,787 Ps. 5,771 Ps. 10,534 Ps. 15,397 Ps. 467 Ps. 113,106 As of December 31, 2021 Ps. 10,113 Ps. 19,688 Ps. 43,822 Ps. 7,263 Ps. 6,758 Ps. 10,740 Ps. 16,227 Ps. 536 Ps. 115,147 As of December 31, 2022 Ps. 10,651 Ps. 21,486 Ps. 51,755 Ps. 8,428 Ps. 7,896 Ps. 16,209 Ps. 16,846 Ps. 730 Ps. 134,001

Leases (Tables)

Leases (Tables)	12 Months Ended
	Dec. 31, 2022
Leases [Abstract]
Schedule of Right-Of-Use Assets	During 2022, the activity in the Company's right-of-use assets was as follows: Land and buildings Other (1) Total Cost as of January 1, 2022 Ps. 54,944 2,050 56,994 Additions 10,208 478 10,686 Additions from business combinations 21,414 519 21,933 Disposals (1,464) (77) (1,541) Remeasurements 6,228 494 6,722 Depreciation (9,366) (1,106) (10,472) Effects of changes in foreign exchange rates and restatement effects associated with hyperinflationary economies (211) (145) (356) Right-of-use assets, net as of December 31, 2022 Ps. 81,753 2,213 83,966 (1) Other assets mainly include transportation equipment and servers. During 2021, the activity in the Company's right-of-use assets was as follows: Land and buildings Other (1) Total Cost as of January 1, 2021 Ps. 52,764 1,893 54,747 Additions 7,485 386 7,871 Additions from business combinations 1,440 100 1,540 Disposals (1,337) (34) (1,371) Remeasurements 3,776 188 3,964 Depreciation (8,363) (597) (8,960) Effects of changes in foreign exchange rates and restatement effects associated with hyperinflationary economies (821) 24 (797) Right-of-use assets, net as of December 31 2021 Ps. 54,944 2,050 56,994 (1) Other assets mainly include transportation equipment and servers.
Schedule Of Lease Liabilities	As of December 31, 2022, the lease liabilities are integrated as follows: December 31, 2022 Maturity analysis – contractual undiscounted cash flows Less than one year Ps. 14,374 One to five years 45,562 Five to ten years 32,348 More than ten years 14,282 Total undiscounted lease liabilities on December 31 106,566 Lease liabilities included in the statement of financial position on December 31 93,317 Current 12,095 Non-Current Ps. 81,222 As of December 31, 2021, the lease liabilities are integrated as follows: December 31, 2021 Maturity analysis – contractual undiscounted cash flows Less than one year Ps. 11,428 One to five years 36,929 Five to ten years 27,580 More than ten years 13,180 Total undiscounted lease liabilities on December 31 89,117 Lease liabilities included in the statement of financial position on December 31 62,355 Current 7,306 Non-Current Ps. 55,049

Intangible Assets (Tables)

Intangible Assets (Tables)	12 Months Ended
	Dec. 31, 2022
Intangible assets other than goodwill [abstract]
Summary of Reconciliation of Changes in Intangible Assets and Goodwill	Rights to Goodwill Trademark Rights Other Total Unamortized Intangible Technology Costs and Management Systems Customer Relationships (1) Alcohol Other Total Amortized Intangible Total Intangible Cost as of January 1, 2020 Ps. 81,255 Ps. 47,907 Ps. 6,600 Ps. 1,702 Ps. 137,464 Ps. 9,566 Ps. 2,012 Ps. 1,829 Ps. 2,531 Ps. 15,938 Ps. 153,402 Additions 1 — — — 1 771 — 111 604 1,486 1,487 Acquisitions from business combinations (see Note 4) — 12,080 2,101 — 14,181 26 8,596 — 1 8,623 22,804 Changes in fair value of past acquisitions — (1,086) 285 — (801) — 745 — 22 767 (34) Transfer of completed development systems — — — — — 398 — — (398) — — Disposals — (183) (116) (311) (610) (164) — (43) (378) (585) (1,195) Specialty's disposal — (1,194) (215) (11) (1,420) — — — (5) (5) (1,425) Effect of movements in exchange rates (4,067) (4,704) (8) (4) (9,323) 276 (1,503) — (65) (1,292) (10,615) Changes in value on the recognition of inflation effects — — — — — — — — 38 38 38 Cost as of December 31, 2020 Ps. 76,649 Ps. 52,820 Ps. 8,647 Ps. 1,376 Ps. 139,492 Ps. 10,873 Ps. 9,850 Ps. 1,897 Ps. 2,350 Ps. 24,970 Ps. 164,462 Rights to Goodwill Trademark Rights Other Total Unamortized Intangible Technology Costs and Management Systems Customer Relationships (1) Alcohol Other Total Amortized Intangible Total Intangible Cost as of January 1, 2021 Ps. 76,649 Ps. 52,820 Ps. 8,647 Ps. 1,376 Ps. 139,492 Ps. 10,873 Ps. 9,850 Ps. 1,897 Ps. 2,350 Ps. 24,970 Ps. 164,462 Additions 2 — — 127 129 1,140 — 145 1,103 2,388 2,517 Acquisitions from business combinations (see Note 4) — 7,940 65 — 8,005 — 873 — 1 874 8,879 Transfer of completed development systems — — — — — 262 — — (262) — — Disposals — (12) — (10) (22) (973) — (36) (102) (1,111) (1,133) Effect of movements in exchange rates (1,255) (2,303) (584) (80) (4,222) (641) 77 — (682) (1,246) (5,468) Changes in value on the recognition of inflation effects — — — — — — — — 62 62 62 Impairment — (1,094) (55) — (1,149) — — — — — (1,149) Cost as of December 31, 2021 Ps. 75,396 Ps. 57,351 Ps. 8,073 Ps. 1,413 Ps. 142,233 Ps. 10,661 Ps. 10,800 Ps. 2,006 Ps. 2,470 Ps. 25,937 Ps. 168,170 (1) Includes customer relationships related to the acquisitions through Envoy Solutions disclosed in Note 4. Rights to Goodwill Trademark Rights Other Total Unamortized Intangible Technology Costs and Management Systems Customer Relationships (1) Alcohol Other Total Amortized Intangible Total Intangible Cost as of January 1, 2022 Ps. 75,396 Ps. 57,351 Ps. 8,073 Ps. 1,413 Ps. 142,233 Ps. 10,661 Ps. 10,800 Ps. 2,006 Ps. 2,470 Ps. 25,937 Ps. 168,170 Additions — 22 — 12 34 672 — 50 1,476 2,198 2,232 Acquisitions from business combinations (see Note 4) 1,116 33,715 1,077 — 35,908 373 — — 1,054 1,427 37,335 Changes in fair value of past acquisitions — (2,557) — — (2,557) — 2,955 — — 2,955 398 Internal developments — — — — — 10 — — — 10 10 Transfer of completed development systems — — — — — 65 — (50) (15) — — Disposals — — — (2) (2) (891) (3) (29) — (923) (925) Effect of movements in exchange rates (756) (2,057) (106) (158) (3,077) 15 (264) — 466 217 (2,860) Changes in value on the recognition of inflation effects — — — — — — — — 80 80 80 Impairment — (770) — — (770) — — — — — (770) Cost as of December 31, 2022 Ps. 75,756 Ps. 85,704 Ps. 9,044 Ps. 1,265 Ps. 171,769 Ps. 10,905 Ps. 13,488 Ps. 1,977 Ps. 5,531 Ps. 31,901 Ps. 203,670 (1) Includes customer relationships related to the acquisitions through Envoy Solutions disclosed in Note 4 . Amortization and Impairment Losses Rights to Goodwill Trademark Rights Other Total Unamortized Intangible Technology Costs and Management Systems Customer Relationships Alcohol Other Total Amortized Intangible Total Intangible Amortization as of January 1 2020 Ps. — Ps. — Ps. — Ps. — Ps. — Ps. (5,174) Ps. (393) Ps. (637) Ps. (636) Ps. (6,840) Ps. (6,840) Amortization expense — — — — — (1,537) (467) (99) (362) (2,465) (2,465) Disposals — — — — — 129 — — 48 177 177 Effect of movements in exchange rates — — — — — 142 32 — 21 195 195 Changes in value on the recognition of inflation effects — — — — — (29) 1 — — (28) (28) Amortization as of December 31 2020 Ps. — Ps. — Ps. — Ps. — Ps. — Ps. (6,469) Ps. (827) Ps. (736) Ps. (929) Ps. (8,961) Ps. (8,961) Amortization as of January 1 2021 Ps. — Ps. — Ps. — Ps. — Ps. — Ps. (6,469) Ps. (827) Ps. (736) Ps. (929) Ps. (8,961) Ps. (8,961) Amortization expense — — — — — (1,473) (791) (102) (328) (2,694) (2,694) Disposals — — — — — 789 — — 101 890 890 Effect of movements in exchange rates — — — — — 792 10 — (15) 787 787 Changes in value on the recognition of inflation effects — — — — — (53) — — (1) (54) (54) Amortization as of December 31 2021 Ps. — Ps. — Ps. — Ps. — Ps. — Ps. (6,414) Ps. (1,608) Ps. (838) Ps. (1,172) Ps. (10,032) Ps. (10,032) Amortization as of January 1 2022 Ps. — Ps. — Ps. — Ps. — Ps. — Ps. (6,414) Ps. (1,608) Ps. (838) Ps. (1,172) Ps. (10,032) Ps. (10,032) Amortization expense — — — — — (1,312) (915) (104) (365) (2,696) (2,696) Disposals — — — — — 992 157 3 — 1,152 1,152 Effect of movements in exchange rates — — — — — (193) (786) — (248) (1,227) (1,227) Changes in value on the recognition of inflation effects — — — — — (94) — — (1) (95) (95) Amortization as of December 31 2022 Ps. — Ps. — Ps. — Ps. — Ps. — Ps. (7,021) Ps. (3,152) Ps. (939) Ps. (1,786) Ps. (12,898) Ps. (12,898) Carrying Amount Rights to Goodwill Trademark Rights Other Total Unamortized Intangible Technology Costs and Management Systems Customer Relationships Alcohol Other Total Amortized Intangible Total Intangible As of December 31 2020 Ps. 76,649 Ps. 52,820 Ps. 8,647 Ps. 1,376 Ps. 139,492 Ps. 4,404 Ps. 9,023 Ps. 1,161 Ps. 1,421 Ps. 16,009 Ps. 155,501 As of December 31 2021 Ps. 75,396 Ps. 57,351 Ps. 8,073 Ps. 1,413 Ps. 142,233 Ps. 4,247 Ps. 9,192 Ps. 1,168 Ps. 1,298 Ps. 15,905 Ps. 158,138 As of December 31 2022 Ps. 75,756 Ps. 85,704 Ps. 9,044 Ps. 1,265 Ps. 171,769 Ps. 3,884 Ps. 10,336 Ps. 1,038 Ps. 3,745 Ps. 19,003 Ps. 190,772
Schedule of Allocation of Amortization Expenses	For the years ended December 31, 2022, 2021 and 2020, allocation for amortization expense is as follows: 2022 2021 2020 Cost of goods sold Ps. 207 Ps. 254 Ps. 288 Administrative expenses 1,771 1,630 1,412 Selling expenses 718 810 765 Ps. 2,696 Ps. 2,694 Ps. 2,465
Summary of Average Remaining Period for Company's Intangible Assets Subject to Amortization	The average remaining period for the Company’s intangible assets that are subject to amortization is as follows: Years Technology Costs and Management Systems 2 - 10 Customer Relationships 10 - 25 Alcohol Licenses 12
Disclosure of Aggregate Carrying Amounts of Goodwill and Distribution Rights Allocated to Each CGU	The aggregate carrying amounts of goodwill and distribution rights allocated to each CGU are as follows: December 31, 2022 December 31, 2021 Mexico Ps. 56,587 Ps. 56,352 Guatemala 1,691 1,735 Nicaragua 404 438 Costa Rica 1,418 1,407 Panama 1,170 1,238 Colombia 3,051 3,798 Brazil 31,753 30,608 Argentina 426 395 Uruguay 2,512 2,332 Total Ps. 99,012 Ps. 98,303
Details of Key Assumptions by CGU for Impairment Test	The key assumptions by CGU for impairment testing as of December 31, 2022 were as follows: CGU Pre-tax WACC Post-tax WACC Expected Annual Long-Term Inflation Expected 2023‑2027 2023‑2027 Mexico 9.5 % 6.5 % 4.3 % 2.4 % Brazil 11.6 % 7.2 % 3.9 % 4.3 % Colombia 13.9 % 8.0 % 3.9 % 9.5 % Argentina 27.8 % 19.8 % 68.0 % 4.5 % Guatemala 10.2 % 7.6 % 4.4 % 14.8 % Costa Rica 15.4 % 10.2 % 3.3 % 6.4 % Nicaragua 24.6 % 11.8 % 4.1 % 6.0 % Panama 11.0 % 8.3 % 2.2 % 4.0 % Uruguay 10.2 % 7.4 % 5.7 % 4.0 % The key assumptions by CGU for impairment testing as of December 31, 2021 were as follows: Pre-tax WACC Post-tax WACC Expected Annual Expected CGU 2022‑2026 2022‑2026 Mexico 6.8 % 4.9 % 3.7 % 2.8 % Brazil 9.1 % 5.8 % 3.3 % 7.7 % Colombia 8.7 % 5.8 % 3.0 % 8.4 % Argentina 19.7 % 14.5 % 35.9 % 5.4 % Guatemala 7.9 % 6.1 % 4.2 % 10.7 % Costa Rica 13.5 % 9.2 % 3.1 % 6.5 % Nicaragua 18.3 % 10.6 % 4.3 % 6.4 % Panama 8.5 % 6.5 % 2.2 % 7.0 % Uruguay 8.5 % 6.1 % 5.0 % 4.0 % The key assumptions by CGU for impairment test as of December 31, 2022 were as follows: CGU Pre-tax WACC Post-tax WACC Expected Annual Expected Volume Growth Rates 2023‑2027 South America 9.3 % 6.5 % 4.9 % 0.6 % (Health Division) . The key assumptions by CGU for impairment test as of December 31, 2021 were as follows: CGU Pre-tax WACC Post-tax WACC Expected Annual Expected Volume Growth Rates 2022‑2026 South America 7.3 % 5.3 % 3.4 % 0.3 % (Health Division) The key assumptions by CGU for impairment test as of December 31, 2022 were as follows: CGU Pre-tax WACC Post-tax WACC Expected Annual Long-Term Inflation 2023‑2027 Expected Volume Growth Rates 2023‑2027 United States 7.1 % 5.5 % 3.5 % 1.3 % (Specialized Distribution) The key assumptions by CGU for impairment test as of December 31, 2021 were as follows: CGU Pre-tax WACC Post-tax WACC Expected Annual Long-Term Inflation 2022‑2026 Expected Volume Growth Rates 2022‑2026 United States 5.7 % 4.9 % 2.4 % 2.0 % (Specialized Distribution)
Disclosure of Detailed Information About Sensitivity to Changes in Assumptions	CGU Change in WACC Change in Volume Growth CAGR (1) Effect on Valuation Mexico +0.3 p.p. -1.0 % Passes by 4.2x Brazil +0.5 p.p. -1.0 % Passes by 2.6x Colombia +0.5 p.p. -1.0 % Passes by 2.0x Argentina +1.9 p.p. -1.0 % Passes by 8.6x Guatemala +0.4 p.p. -1.0 % Passes by 42.9x Costa Rica +0.6 p.p. -1.0 % Passes by 2.6x Nicaragua +0.8 p.p. -1.0 % Passes by 1.0x Panama +0.3 p.p. -1.0 % Passes by 5.8x Uruguay +0.2 p.p. -1.0 % Passes by 3.9x (1) Compound Annual Growth Rate (“CAGR”). CGU Change in WACC Change in Sales Growth CAGR (1) Effect on Valuation Health Division (South America) 0.0 p.p. (0.5) % Passes by 1.41x (1) Compound Annual Growth Rate (“CAGR”). CGU Change in Sales Growth CAGR (1) Effect on Valuation United States (Specialized Distribution) (0.5) % Passes by 1.76x ——————————

Other Assets and Other Financia

Other Assets and Other Financial Assets (Tables)	12 Months Ended
	Dec. 31, 2022
Non-current assets [abstract]
Summary of Other Non-Current Assets	14.1 Other non-current assets December 31, 2022 December 31, 2021 Agreement with customers Ps. 771 Ps. 759 Long-term prepaid advertising expenses 184 213 Guarantee deposits (1) 1,612 1,532 Prepaid bonuses 327 283 Advances to acquire property, plant and equipment 981 460 Recoverable taxes 1,844 1,687 Indemnifiable assets from business combinations (2) 1,555 1,554 Others 1,984 912 Ps. 9,258 Ps. 7,400 (1) As it is customary in Brazil, the Company is required to guarantee tax, legal and labor contingencies by guarantee deposits including those related to business acquisitions. See Note 26.7. (2) Corresponds to indemnification assets that are warranted by former Vonpar owners in accordance with the share purchase agreement.
Summary of Other Non-Current Financial Assets	14.2 Other non-current financial assets December 31, 2022 December 31, 2021 Non-current accounts receivable Ps. 1,686 Ps. 1,245 Derivative financial instruments (see Note 21) 3,520 16,710 Others 923 674 Other investments in equity instruments (1) 17,681 22,442 Ps. 23,810 Ps. 41,071 (1) Corresponds to the acquisition of a minority stake in Jetro Restaurant Depot as of November 8, 2019. On October 9, 2020, the Company acquired an additional minority stake in Jetro. Refer to Note 3.7.3.

Balances and Transactions wit_2

Balances and Transactions with Related Parties and Affiliated Companies (Tables)	12 Months Ended
	Dec. 31, 2022
Related party transactions [abstract]
Summary of Balances and Transactions with Related Parties and Affiliated Companies	The consolidated statements of financial position and consolidated income statements include the following balances and transactions with related parties and affiliated companies: December 31, 2022 December 31, 2021 Balances Due from The Coca-Cola Company (see Note 7) (1) (6) Ps. 776 Ps. 820 Balance with BBVA Bancomer, S.A. de C.V. (2) 3,891 8,076 Balance with Grupo Scotiabank Inverlat, S.A. (2) 2,350 6,585 Due from Heineken Group (1) (5) 2,455 2,001 Other receivables (1) 114 190 Due to The Coca-Cola Company (4) (6) Ps. 1,248 Ps. 1,444 Due to BBVA Bancomer, S.A. de C.V. (3) 2,317 1,847 Due to Heineken Group (4) (5) 3,214 3,144 Due to Grupo Financiero Scotiabank Inverlat, S.A. (4) 65 132 Other payables (4) 2,711 1,557 (1) Presented within trade receivables. (2) Presented within cash and cash equivalents. (3) Recorded within bank loans and notes payable. (4) Recorded within trade payables. (5) Associates. (6) Non-controlling interest.
Summary of Transaction with Related Parties	Balances due from related parties are considered to be recoverable. Accordingly, for the years ended December 31, 2022, 2021 and 2020, there was no expense resulting from uncollectible balances due from related parties. Transactions 2022 2021 2020 Income: Services to Heineken Group (1) Ps. 3,796 Ps. 2,530 Ps. 3,181 Logistic services to Jugos del Valle (1) 552 514 532 Interest revenues from BBVA Bancomer, S.A. de C.V . (3) 2,297 2,146 1,825 Interest revenues from Grupo Financiero Scotiabank Inverlat, S.A . (3) 455 302 295 Other revenues from related parties 963 814 764 Expenses: Purchase of concentrate from The Coca-Cola Company (2) Ps. 43,717 Ps. 37,213 Ps. 32,222 Purchases of beer from Heineken Group (1) 16,006 19,552 23,233 Purchase of baked goods and snacks from Grupo Bimbo, S.A.B. de C.V. (3) 6,101 4,417 5,774 Advertisement expense paid to The Coca-Cola Company (2) (4) 545 1,482 865 Purchase of juices from Jugos del Valle, S.A.P.I. de C.V . (1) 4,990 4,102 4,055 Purchase of sugar from Promotora Industrial Azucarera, S.A. de C.V. (1) 2,841 2,213 2,123 Interest expense and fees paid to BBVA Bancomer, S.A. de C.V. (3) 472 72 232 Purchase of sugar from Beta San Miguel (1) 724 938 1,023 Purchase of canned products from IEQSA (1) 577 234 226 Purchases to AdeS Alimentos y Bebidas (1) — — 338 Purchase of inventories to Leao Alimentos e Bebidas, L.T.D.A. (1) 215 1,320 1,253 Purchases of Material with Ecolab, Inc (3) 99 450 340 Advertising paid to Grupo Televisa, S.A.B . (3) 123 167 148 Insurance premiums for policies with Grupo Nacional Provincial, S.A.B . (3) 10 1 7 Donations to Fundación FEMSA, A.C. (3) 232 144 171 Donations to Difusión y Fomento Cultural, A.C. (3) 20 32 55 Donations to ITESM (3) 371 208 310 Purchases of resine to IMER (1) 504 416 308 Other expenses with related parties 57 206 311 (1) Associates. (2) Non-controlling interest. (3) Members of the board of directors in FEMSA participate in the board of directors of this entity. (4) Net of the contributions from The Coca-Cola Company of Ps. 1,170, Ps. 2,437 and Ps. 1,482, for the years ended in 2022, 2021 and 2020, respectively.
Commitments with Related Parties	Commitments with related parties Related Party Commitment Conditions Heineken Group Supply Supply of all beer products in Mexico’s OXXO stores. The contract may be renewed for five years or additional periods. At the end of the contract OXXO will not hold an exclusive contract with another supplier of beer for the next 3 years. Commitment term, January 1st, 2010 to June 30, 2020.
Schedule of Key Management Remuneration	The aggregate compensation paid to executive officers and senior management of the Company were as follows: 2022 2021 2020 Short-term employee benefits paid Ps. 2,381 Ps. 1,934 Ps. 2,112 Postemployment benefits 53 52 45 Termination benefits 63 36 373 Share-based payments 866 853 575

Balances and Transactions in _2

Balances and Transactions in Foreign Currencies (Tables)	12 Months Ended
	Dec. 31, 2022
Balances and Transactions in Foreign Currencies [Abstract]
Summary of Assets, Liabilities and Transactions in Foreign Currencies	For the three years ended on December 31, 2022, 2021 and 2020, the assets, liabilities and transactions denominated in foreign currencies, expressed in Mexican pesos (contractual amounts) are as follows: Assets Liabilities Balances Short-Term Long-Term Short-Term Long- Term As of December 31, 2022 U.S. dollars Ps. 40,557 Ps. 978 Ps. 11,049 Ps. 111,962 Euros 34 — 400 24,782 Other currencies 46 1,358 6 — Total Ps. 40,637 Ps. 2,336 Ps. 11,455 Ps. 136,744 As of December 31, 2021 U.S. dollars Ps. 74,994 Ps. 983 Ps. 6,310 Ps. 125,447 Euros 74 — 355 27,896 Other currencies 46 1,325 557 — Total Ps. 75,114 Ps. 2,308 Ps. 7,222 Ps. 153,343 Transactions Revenues Other Operating Revenues Purchases of Raw Materials Interest Expense Consulting Fees Asset Acquisitions Other For the year ended December 31, 2022 U.S. dollars Ps. 6,373 Ps. 2,080 Ps. 25,247 Ps. 2,411 Ps. 1,011 Ps. 44 Ps. 4,245 Euros 651 1 253 226 11 3 779 Other currencies — — — — 16 — — Total Ps. 7,024 Ps. 2,081 Ps. 25,500 Ps. 2,637 Ps. 1,038 Ps. 47 Ps. 5,024 For the year ended December 31, 2021 U.S. dollars Ps. 4,261 Ps. 2,107 Ps. 20,009 Ps. 3,466 Ps. 826 Ps. 180 Ps. 2,908 Euros 14 — 81 1,371 16 8 1 Other currencies 7 14 — — 1 — 64 Total Ps. 4,282 Ps. 2,121 Ps. 20,090 Ps. 4,837 Ps. 843 Ps. 188 Ps. 2,973 For the year ended December 31, 2020 U.S. dollars Ps. 4,213 Ps. 1,478 Ps. 16,398 Ps. 13,660 Ps. 480 Ps. 79 Ps. 2,413 Euros — — 35 — 20 — 1 Other currencies 125 52 3 532 3 — 103 Total Ps. 4,338 Ps. 1,530 Ps. 16,436 Ps. 14,192 Ps. 503 Ps. 79 Ps. 2,517
Summary of Exchange Rates	Mexican peso exchange rates effective at the dates of the consolidated statements of financial position and the issuance date of the Company’s consolidated financial statements were as follows: December 31, April 14, 2022 2021 2023 U.S. dollar 19.3615 20.5835 18.0638 Euro 20.7810 23.2753 19.9740

Employee Benefits (Tables)

Employee Benefits (Tables)	12 Months Ended
	Dec. 31, 2022
Employee Benefits [Abstract]
Summary of Actuarial Assumptions	Actuarial calculations for pension and retirement plans, seniority premiums and post-retirement medical benefits, as well as the associated cost for the period, were determined using the following long-term assumptions for Mexico: Mexico December 31, 2022 December 31, 2021 December 31, 2020 Financial: Discount rate used to calculate the defined benefit obligation 9.90 % 8.00 % 7.20 % Salary increase 4.75 % 4.50 % 4.50 % Future pension increases 3.75 % 3.50 % 3.50 % Healthcare cost increase rate 6.00 % 5.10 % 5.10 % Biometric: Mortality (1) EMSSA 2009 EMSSA 2009 EMSSA 2009 Disability (2) IMSS 97 IMSS‑97 IMSS 97 Normal retirement age 60 YEARS 60 YEARS 60 YEARS Employee turnover table (3) BMAR 2007 BMAR 2007 BMAR 2007 Measurement date December: (1) EMSSA. Mexican Experience of social security. (2) IMSS. Mexican Experience of Instituto Mexicano del Seguro Social. (3) BMAR. Actuary experience.
Summary of Defined Benefit Plan Expected Future Benefit Payments	Based on these assumptions, the amounts of benefits expected to be paid out in the following years are as follows: Pension and Retirement Plans Seniority Premiums Post-Retirement Medical Services Total 2023 Ps. 747 Ps. 266 Ps. 21 Ps. 1,034 2024 345 205 22 572 2025 419 192 24 635 2026 414 185 25 624 2027 509 182 28 719 2028 to 2032 3,118 928 191 4,237
Summary of Balances of the Liabilities for Employee Benefits	December 31, 2022 December 31, 2021 Pension and Retirement Plans: Defined benefit obligation Ps. 15,113 Ps. 8,015 Pension plan funds at fair value (14,324) (2,952) Effect due to asset ceiling 3,851 — Net defined benefit liability Ps. 4,640 Ps. 5,063 Seniority Premiums: Defined benefit obligation Ps. 2,068 Ps. 2,108 Seniority premium plan funds at fair value (128) (133) Net defined benefit liability Ps. 1,940 Ps. 1,975 Postretirement Medical Services: Defined benefit obligation Ps. 556 Ps. 647 Medical services funds at fair value (88) (85) Net defined benefit liability Ps. 468 Ps. 562 Total Employee Benefits Ps. 7,048 Ps. 7,600
Summary of Trust Assets	Trust assets consist of fixed and variable return financial instruments recorded at fair value (Level 1), which are invested as follows: 2022 2021 Fixed return: Traded securities 2 % 17 % Bank instruments 13 % 10 % Federal government instruments of the respective countries 52 % 35 % Variable return: Publicly traded shares 33 % 38 % 100 % 100 %
Summary of Amounts and Types of Securities in Related Parties Included in Portfolio Fund	In Mexico, the amounts and types of securities in related parties included in the portfolio fund are as follows: December 31, 2022 December 31, 2021 Debt: BBVA Bancomer, S.A de C.V. Ps. 9 Ps. 9 Grupo Industrial Bimbo, S.A.B. de C. V. 5 5 El Puerto de Liverpool, S.A.B. de C.V. — 30 Grupo Financiero Scotiabank Inverlat, S.A. de C.V. — 10 Equity: Alfa, S.A.B. de C.V. — 2 Grupo Industrial Bimbo, S.A.B. de C. V. — 1 Grupo Aeroportuario del Suereste, S.A.B. de C.V. — 1 Others — 4
Summary of Amount Recognized in Consolidated Income Statements and Consolidated Statements of Comprehensive Income	Income Statement AOCI (1) December 31, 2022 Current Service Cost Past Service Cost Gain or Loss on Settlement or Curtailment Net Interest on the Net Defined Benefit Liability Remeasurements of the Net Defined Benefit Liability Pension and retirement plans Ps. 534 Ps. 189 Ps. (220) Ps. 313 Ps. 1,686 Seniority premiums 328 21 (27) 150 38 Postretirement medical services 32 26 (29) 45 (35) Total Ps. 894 Ps. 236 Ps. (276) Ps. 508 Ps. 1,689 December 31, 2021 Pension and retirement plans Ps. 390 Ps. 39 Ps. (55) Ps. 319 Ps. 1,757 Seniority premiums 290 1 (3) 114 853 Postretirement medical services 44 2 (24) 52 202 Total Ps. 724 Ps. 42 Ps. (82) Ps. 485 Ps. 2,812 December 31, 2020 Pension and retirement plans Ps. 372 Ps. 73 Ps. — Ps. 305 Ps. 2,024 Seniority premiums 239 — — 91 483 Postretirement medical services 44 — — 54 342 Total Ps. 655 Ps. 73 Ps. — Ps. 450 Ps. 2,849 (1) Amounts accumulated in other comprehensive income as of the end of the period.
Summary of Remeasurements of Net Defined Benefit Liability Recognized in Accumulated Other Comprehensive Income	Remeasurements of the net defined benefit liability recognized in accumulated other comprehensive income are as follows: December 31, 2022 December 31, 2021 December 31, 2020 Amount accumulated in other comprehensive income as of the beginning of the period, net of tax Ps. 2,078 Ps. 2,099 Ps. 1,624 Actuarial (gains) losses arising from exchange rates (77) 11 (6) Remeasurements during the year, net of tax 211 744 312 Actuarial (gains) and losses arising from changes in financial assumptions (1,848) (776) 139 Actuarial (gains) and losses arising from changes in demographic assumptions (71) — 27 Acquisitions 336 — — Return on plan assets 713 — — Changes in the effect of limiting a net defined benefit asset to the asset ceiling 319 — — Effect of settlement — — 3 Amount accumulated in other comprehensive income as of the end of the period, net of tax Ps. 1,661 Ps. 2,078 Ps. 2,099
Summary of Changes in the Balance of the Defined Benefit Obligation for Post-employment	December 31, 2022 December 31, 2021 December 31, 2020 Pension and Retirement Plans: Initial balance Ps. 8,015 Ps. 7,679 Ps. 7,193 Current service cost 534 390 372 Past service cost 163 2,881 73 Interest expense 687 527 506 Gain on settlement (280) (2,884) — Remeasurements of the net defined benefit obligation (2,073) (42) 326 Foreign exchange (gain) or loss (134) 28 37 Benefits paid (1,146) (564) (828) Acquisitions 9,189 — — Change in consolidation scope 55 — — Employees contributions 103 — — Ending balance Ps. 15,113 Ps. 8,015 Ps. 7,679 Seniority Premiums: Initial balance Ps. 2,108 Ps. 1,763 Ps. 1,237 Current service cost 328 290 239 Past service cost 7 836 — Interest expense 160 124 101 (Gain) or loss on settlement (13) (839) 13 Remeasurements of the net defined benefit obligation (342) 112 309 Benefits paid (180) (178) (136) Ending balance Ps. 2,068 Ps. 2,108 Ps. 1,763 Postretirement Medical Services: Initial balance Ps. 647 Ps. 812 Ps. 797 Current service cost 32 44 44 Past service cost 26 236 — Interest expense 52 57 61 Gain on settlement (29) (271) — Remeasurements of the net defined benefit obligation (136) (191) (59) Benefits paid (36) (40) (31) Ending balance Ps. 556 Ps. 647 Ps. 812
Summary of Changes in the Balance of Plan Assets	December 31, 2022 December 31, 2021 December 31, 2020 Total Plan Assets: Initial balance Ps. 3,170 Ps. 3,001 Ps. 2,880 Actual return on trust assets (695) 152 113 Foreign exchange loss 1 — 3 Life annuities (3) 17 5 Acquisitions 12,417 — — Benefits paid (533) — — Plan amendments (101) — — Change in consolidation scope 59 — — Employees´contributions 103 — — Employer´s contributions 133 — — Administration cost (11) — — Ending balance Ps. 14,540 Ps. 3,170 Ps. 3,001
Summary of Amount of Defined Benefit Plan Expense and OCI Impact in Absolute Terms of Variation on Net Defined Benefit Liability	The following table presents the amount of defined benefit plan expense and OCI impact in absolute terms of a variation of 1% in the assumptions on the net defined benefit liability associated with the Company’s defined benefit plans. The sensitivity of this 1% on the significant actuarial assumptions is based on projected long-term discount rates for Mexico and a yield curve projection of long-term Mexican government bonds - CETES: +1%: Income Statement OCI (1) (Gain) or Effect of Net Remeasurements Discount rate used to calculate the defined benefit Loss on Interest on the Net of the Net Defined obligation and the net interest on the net defined Current Settlement or Defined Benefit Benefit Liability benefit liability Service Cost Curtailment Liability Pension and retirement plans Ps. 640 Ps. (203) Ps. 222 Ps. 1,478 Seniority premiums 325 (24) 135 36 Postretirement medical services 48 (26) 38 (26) Total Ps. 1,013 Ps. (253) Ps. 395 Ps. 1,488 Expected salary increase Pension and retirement plans Ps. 764 Ps. (232) Ps. 341 Ps. 1,689 Seniority premiums 374 (28) 164 49 Postretirement medical services 58 (29) 45 (35) Total Ps. 1,196 Ps. (289) Ps. 550 Ps. 1,703 Assumed rate of increase in healthcare costs Postretirement medical services Ps. 71 Ps. (32) Ps. 54 Ps. (47) -1%: OCI (1) (Gain) or Effect of Net Remeasurements Discount rate used to calculate the defined benefit Loss on Interest on the Net of the Net Defined obligation and the net interest on the net defined Current Settlement or Defined Benefit Benefit Liability benefit liability Service Cost Curtailment Liability Pension and retirement plans Ps. 767 Ps. (233) Ps. 370 Ps. 1,772 Seniority premiums 374 (28) 166 46 Postretirement medical services 70 (32) 54 (47) Total Ps. 1,211 Ps. (293) Ps. 590 Ps. 1,771 Expected salary increase Pension and retirement plans Ps. 644 Ps. (203) Ps. 256 Ps. 1,551 Seniority premiums 324 (24) 136 28 Postretirement medical services 58 (29) 45 (35) Total Ps. 1,026 Ps. (256) Ps. 437 Ps. 1,544 Assumed rate of increase in healthcare costs Postretirement medical services Ps. 47 Ps. (26) Ps. 38 Ps. (25) (1) Amounts accumulated in other comprehensive income as of the end of the period.
Summary of Employee Benefit Expenses Recognized in Consolidated Income Statements	For the years ended December 31, 2022, 2021 and 2020, employee benefits expenses recognized in the consolidated income statements as cost of goods sold, administrative and selling expenses are as follows: 2022 2021 2020 Wages and salaries Ps. 83,433 Ps. 70,238 Ps. 68,312 Social security costs 13,511 11,737 11,595 Employee profit sharing 2,598 2,035 1,112 Post-employment benefits 1,151 1,176 1,002 Share-based payments 866 854 575 Termination benefits 231 259 201 Ps. 101,790 Ps. 86,299 Ps. 82,797

Bonus Programs (Tables)

Bonus Programs (Tables)	12 Months Ended
	Dec. 31, 2022
Bonus Programs [Abstract]
Summary of Number of Shares Held by the Trust	As of December 31, 2022 and 2021, the changes in the number of shares held by the trust associated with the Company’s share-based payment plans are as follows: Number of Shares FEMSA UBD KOF UBL 2022 2021 2022 2021 Beginning balance 3,672,586 3,414,900 1,701,074 1,360,158 Shares acquired by the administrative trust to employees 4,256,433 2,221,136 1,266,283 921,125 Shares released from administrative trust to employees upon vesting (2,206,000) (1,963,450) (1,106,978) (580,209) Ending balance 5,723,019 3,672,586 1,860,379 1,701,074

Bank Loans and Notes Payable (T

Bank Loans and Notes Payable (Tables)	12 Months Ended
	Dec. 31, 2022
Bank Loans and Notes Payable [Abstract]
Summary of Detailed Information About Borrowings	On December 31, (1) Carrying Fair Carrying Value at Value at Value at (in millions of Mexican pesos) 2023 2024 2025 2026 2027 2028 and Thereafter December 31, 2022 December 31, 2022 December 31, 2021 Short-term debt: Fixed-rate debt: Colombian pesos Bank loans Ps. — Ps. — Ps. — Ps. — Ps. — Ps. — Ps. — Ps. — Ps. 311 Interest rate — — — — — — — — 2.5 % Argentine pesos Bank loans — — — — — — — — 461 Interest rate — — — — — — — — 41.0 % Chilean pesos Bank loans 1,072 — — — — — 1,072 1,072 261 Interest rate 12.3 % — — — — — 12.3 % — 0.7 % Uruguayan pesos Bank loans — — — — — — — — 184 Interest rate — — — — — — — — 6.0 % Guatemalan quetzal Bank loans — — — — — — — — 26 Interest rate — — — — — — — — 6.3 % Variable-rate debt: Mexican pesos Bank loans 790 — — — — — 790 790 760 Interest rate 12.5 % — — — — — 12.5 % — 5.9 % Total short-term debt Ps. 1,862 Ps. — Ps. — Ps. — Ps. — Ps. — Ps. 1,862 Ps. 1,862 Ps. 2,003 (1) All interest rates shown in this table are weighted average contractual annual rates. On December 31, (1) Carrying Value at December 31, 2022 Fair Value at December 31, 2022 Carrying Value at December 31, 2021(1) 2028 and Thereafter (in millions of Mexican pesos) 2023 2024 2025 2026 2027 Long-term debt: Fixed-rate debt: Euro Senior unsecured notes Ps. — Ps. — Ps. — Ps. — Ps. — Ps. 24,563 Ps. 24,563 Ps. 18,979 Ps. 27,646 Interest rate — — — — — 0.7 % 0.8 % — 0.7 % Promissory notes 1,270 682 — — 186 310 2,448 2,448 — Interest rate 1.2 % 1.1 % — — 2.1 % 2.4 % 1.4 % — — Swiss franc Promissory notes — 482 — — — — 482 482 — Interest rate — 0.8 % — — — — 0.8 % — — U.S. dollars Yankee bond (2) 1 — — — — 41,428 41,429 37,058 52,255 Interest rate 3.1 % — — — — 3.1 % 3.1 % — 3.1 % Bank of NY (FEMSA USD 2023) 5,808 — — — — — 5,808 5,777 6,170 Interest rate (1) 2.9 % — — — — — 2.9 % — 2.9 % Bank of NY (FEMSA USD 2043) — — — — — 13,405 13,405 11,178 14,262 Interest rate (1) — — — — — 4.4 % 4.4 % — 4.4 % Bank of NY (FEMSA USD 2050) — — — — — 48,170 48,170 34,088 51,174 Interest rate (1) — — — — — 3.5 % 3.5 % — 3.5 % Bank loans — 2,256 63 — — — 2,320 2,320 2,352 Interest rate — 5.0 % 6.8 % — — — 5.1 % — 3.6 % Mexican pesos Senior Notes 22L — — — — 827 — 827 831 — Interest rate (1) — — — — 10.9 % — 10.9 % — — Senior Notes 22-2L — — — — — 8,436 8,436 8,638 — Interest rate (1) — — — — — 9.7 % 9.7 % — — Domestic senior notes 7,500 — — — 8,493 15,445 31,438 29,191 25,947 Interest rate 5.5 % — — — 7.9 % 8.3 % 7.5 % — 7.0 % Bank loans 117 110 107 57 38 — 429 429 305 Interest rate 9.8 % 9.6 % 9.6 % 10.9 % 11.7 % — 10.0 % — 5.7 % Brazilian reais Bank loans 35 21 — — — — 56 56 94 Interest rate 7.0 % 7.0 % — — — — 7.0 % — 6.2 % Chilean pesos Bank loans 317 — — — — — 317 317 338 Interest rate 1.2 % — — — — — 1.2 % — 1.2 % Uruguayan pesos Bank loans 976 — — — — — 976 976 1,186 Interest rate 6.3 % — — — — — 6.3 % — 6.7 % Subtotal Ps. 16,024 Ps. 3,551 Ps. 170 Ps. 57 Ps. 9,544 Ps. 151,757 Ps. 181,104 Ps. 152,768 Ps. 181,729 (1) All interest rates shown in this table are weighted average contractual annual rates.
Summary of Financial Instruments by Type of Interest Rate	On December 31, (1) Carrying Value at December 31, 2022 Fair Value at December 31, 2022 Carrying Value at December 31, 2021(1) 2028 and Thereafter (in millions of Mexican pesos) 2023 2024 2025 2026 2027 Variable-rate debt: Euro Promissory notes Ps. — Ps. 1,115 Ps. — Ps. — Ps. 929 Ps. 516 Ps. 2,560 Ps. 2,560 Ps. — Interest rate — 1.1 % — — 1.0 % 1.2 % 1.1 % — — Swiss franc Promissory notes — 691 — — — — 691 691 — Interest rate — 0.8 % — — — — 0.8 % — — Mexican pesos Domestic senior notes — — 1,727 2,923 — — 4,650 4,556 5,650 Interest rate (1) — — 10.4 % 10.4 % — — 10.4 % — 5.4 % Bank Loans 139 213 95 78 17 — 542 542 330 Interest rate (1) 12.9 % 12.8 % 13.1 % 13.1 % 12.7 % — 12.9 % — 6.5 % Brazilian reais Bank loans 12 7 6 3 — — 28 28 5 Interest rate 9.8 % 9.7 % 9.8 % 9.8 % — — 9.8 % — 9.0 % Colombian pesos Bank loans 33 — — — — — 33 33 10 Interest rate 5.9 % — — — — — 5.9 % — 4.5 % Chilean pesos Bank loans 271 — — — — — 271 272 858 Interest rate 4.9 % — — — — — 4.9 % — 1.8 % Subtotal Ps. 455 Ps. 2,026 Ps. 1,828 Ps. 3,004 Ps. 946 Ps. 516 Ps. 8,775 Ps. 8,682 Ps. 6,853 Total long-term debt Ps. 16,479 Ps. 5,577 Ps. 1,998 Ps. 3,061 Ps. 10,490 Ps. 152,273 Ps. 189,879 Ps. 161,450 Ps. 188,582 Current portion of long-term debt — — — — — — (16,479) (2,637) Ps. 191,741 Ps. 190,585 (1) All interest rates shown in this table are weighted average contractual annual rates. (2) Interest rate derivatives that have been designated as fair value hedge relationships have been used by Coca-Cola FEMSA to mitigate the volatility in the fair value of existing financing instruments due to changes in floating interest rate benchmarks. Gains and losses on these instruments are recorded in “Market value (gain) loss on financial instruments” in the period in which they occur. During 2022, we are applying IFRS 9 to the hedged portion of the Senior Notes of US$ 705, which are linked to an interest rate swap. Starting in this year, the hedging gain or loss will adjust the carrying amount of the hedged item and will be recognized in P&L under “Market value (gain) loss in financial instruments”. As of December 31, 2022, the Company is recording a gain of Ps. 1,647 in the income statement under “Market value (gain) loss in financial instruments”, which offsets the loss on interest rate derivatives used to hedge debt denominated in USD, that resulted from increases in interest rates. 2028 and Total Total Hedging Derivative Financial Instruments (1) 2023 2024 2025 2026 2027 Thereafter 2022 2021 (notional amounts in millions of Mexican pesos) ` Cross-currency swaps: U.S. dollars to Mexican pesos Fixed to a variable (3) Ps. 11,403 Ps. — Ps. — Ps. — Ps. — 3,679 Ps. 15,082 Ps. 11,403 Interest pay rate 7.0 % — — — — 8.9 % 7.4 % 7.0 % Interest receive rate 4.0 % — — — — 3.6 % 3.9 % 4.0 % Fixed to fixed 1,743 — — — — 10,000 11,743 24,235 Interest pay rate 8.2 % — — — — 8.9 % 8.8 % 8.4 % Interest receive rate 3.3 % — — — — 3.5 % 3.5 % 3.5 % Fixed to fixed (2) Interest pay rate — — — — — 9.4 % 9.4 % 9.4 % Interest receive rate — — — — — 4.4 % 4.4 % 4.4 % U.S. dollars to Euro Fixed to fixed — — — — 8,735 13,395 22,130 15,078 Interest pay rate — — — — 3.1 % 1.9 % 2.4 % 1.9 % Interest receive rate — — — — 3.5 % 3.5 % 3.5 % 3.5 % U.S. dollars to Brazilian reais Fixed to variable — — — 4,840 1,936 — 6,777 5,146 Interest pay rate — — — 10.7 % 2.8 % — 11.5 % 9.9 % Interest receive rate — — — 1.9 % 2.8 % — 2.1 % 2.1 % Fixed to fixed 9,294 — — — — — 9,294 9,880 Interest pay rate 11.5 % — — — — — 11.5 % 9.5 % Interest receive rate 3.2 % — — — — — 3.2 % 3.9 % Colombian pesos Fixed to fixed 345 — — — 1,131 — 1,476 — Interest pay rate 8.5 % — — — 6.3 % — 6.8 % — Interest receive rate 2.2 % — — — 2.8 % — 2.6 % — Interest rate swaps: Fixed to variable rate: — — — — — — — 6,175 Interest pay rate — — — — — — — 0.4 % Interest receive rate — — — — — — — 1.9 % Variable to a fixed rate: 679 2,227 — — — — 2,905 3,225 Interest pay rate 5.8 % 3.6 % — — — — 4.1 % 4.2 % Interest receive rate 1.8 % 1.9 % — — — — 1.9 % 1.9 % Variable to fixed rate (3): Interest pay rate 7.2 % — — — — — 7.2 % 7.2 % Interest receive rate 7.0 % — — — — — 7.0 % 7.0 % (1) All interest rates shown in this table are weighted average contractual annual rates. (2) Cross Currency swaps which covers U.S. dollars to Mexican pesos with a notional of Ps.8,869, that have a starting date in 2023; receiving a fixed rate of 4.4% and pay a fixed rate of 9.4%. (3) Interest rate swaps with a notional amount of Ps.11,403 that receive a variable rate of 7.0% and pay a fixed rate of 7.2%; joined with a cross-currency swap, which covers U.S. dollars to Mexican pesos, that receives a fixed rate of 4.0% and pay a variable rate of 7.0%.
Summary of Interest Expense	For the years ended December 31, 2022, 2021 and 2020, the interest expense is comprised as follows: 2022 2021 2020 Interest on debts and borrowings Ps. 8,129 Ps. 9,356 Ps. 10,789 Finance charges for employee benefits, net 553 476 456 Derivative instruments 1,795 1,970 1,428 Finance operating charges 48 18 (231) Finance charges payable for leases 5,789 5,118 5,074 Ps. 16,314 Ps. 16,938 Ps. 17,516
Summary of Liabilities Arising from Financing Activities	Carrying Carrying Value at Value at January 1, 2022 Cash Flows Non-cash effects December 31, 2022 Foreign Acquisition New leases Exchange Others (1) Income (Loss) Bank loans Ps. 7,580 Ps. (415) Ps. — Ps. — Ps. (78) Ps. (375) Ps. 6,712 Notes payable 183,005 6,718 6,181 — (8,957) (1,919) 185,029 Total liabilities from financing activities 190,585 6,303 6,181 — (9,034) (2,294) 191,741 Lease liabilities 62,355 (15,108) 21,933 10,686 (356) 13,807 93,317 Total financing activities Ps. 252,940 Ps. (8,805) Ps. 28,114 Ps. 10,686 Ps. (9,390) Ps. 11,513 Ps. 285,058 (1) Includes mainly remeasurements of leases, and amortization of transaction costs. Carrying Value at Carrying January Value at 1, 2021 Cash Flows Non-cash effects December 31, 2021 Foreign Acquisition New leases Exchange Others (1) Income (Loss) Bank loans Ps. 19,430 Ps. (11,015) Ps. — Ps. — Ps. (939) Ps. 104 Ps. 7,580 Notes payable 169,235 12,156 — — 1,614 — 183,005 Total liabilities from financing activities 188,665 1,141 — — 675 104 190,585 Lease liabilities 58,308 (12,325) 1,540 7,871 (798) 7,759 62,355 Total financing activities Ps. 246,973 Ps. (11,184) Ps. 1,540 Ps. 7,871 Ps. (123) Ps. 7,863 Ps. 252,940 (1) Includes mainly remeasurements of leases, and amortization of transaction costs. Carrying Value at Carrying January Value at 1, 2020 Cash Flows Non-cash effects December 31, 2020 Foreign Acquisition New leases Exchange Others Income (Loss) Bank loans Ps. 20,807 Ps. (1,286) Ps. — Ps. — Ps. 221 Ps. (312) Ps. 19,430 Notes payable 97,144 67,379 — — 4,813 (101) 169,235 Total liabilities from financing activities 117,951 66,093 — — 5,034 (413) 188,665 Lease liabilities 54,679 (9,810) 1,765 7,982 (584) 4,276 58,308 Total liabilities from financing activities 172,630 56,283 1,765 7,982 4,450 3,863 246,973

Other Income and Expenses (Tabl

Other Income and Expenses (Tables)	12 Months Ended
	Dec. 31, 2022
Other Income and Expenses [Abstract]
Summary of Other Income and Expenses	2022 2021 2020 Gain on sale of other assets Ps. — Ps. 968 Ps. — Gain on sale of long-lived assets 308 208 130 Sale of waste material 33 25 20 Insurance rebates 59 71 35 Foreign exchange gain 175 — 112 Other investment in shares (4) 113 3,245 2,011 Recycling of cumulative gain on sale of joint venture — — 212 Recoveries of prior years (1) 333 881 594 Others 67 489 229 Other income Ps. 1,088 Ps. 5,887 Ps. 3,343 Recoveries of prior years Ps. 12 Ps. 41 Ps. — Impairment of long-lived assets (2) 833 1,427 5,102 Loss in write-off of intangible assets — — 375 Disposal of long-lived assets (3) 408 579 915 Contingencies 426 187 804 Severance payments 318 305 465 Donations 512 433 605 Legal fees and other expenses from past acquisitions 231 127 — Foreign exchange loss — 86 — Items without tax requirements 103 173 — Effect of taxes paid of previous years (5) — — 3,253 Other 27 370 862 Other expenses Ps. 2,870 Ps. 3,727 Ps. 12,381 (1) Following a favorable decision from Brazilian tax authorities received during 2020, Coca-Cola FEMSA has been entitled to reclaim indirect tax payments made in prior years in Brazil, resulting in the recognition of a tax credit and a positive effect on the operating revenues and other income captions of the condensed consolidated income statements. See Note 25.1.1. (2) Includes impairment loss related to Corporación Grupo FYBECA S.A. (Health Division) for an amount of Ps. 770 and Ps. 1,170 in 2022 and 2021, respectively; as well as an impairtment loss in Campo Verde (Coca-Cola FEMSA) for an amount of Ps. 256 in 2021. Likewise, includes impairment loss related to Compañía Panameña de Bebibas, S.A.P.I. de C.V., for an amount of Ps. 1,463 million in 2020. Additionally, includes impairment loss related to Leao Alimentos e Bebidas, L.T.D.A., for an amount of Ps. 1,038 million in 2020 (see Note 10). Also, includes impairment loss related to Specialty’s, and Doña Tota in 2020 for an amount of Ps. 2,021 and Ps. 576, respectively. The impairment losses in 2020 were mainly driven by mobility restrictions that impacted customer behavior and the economic crisis generated by the COVID-19 pandemic. (3) Charges related to fixed assets retirement from ordinary operations and other long-lived assets. (4) During 2021 and 2020, the Company received a dividend income related to its investment in Jetro Restaurant Depot. (5) Interest and penalties associated with taxes paid from previous years.

Financial Instruments (Tables)

Financial Instruments (Tables)	12 Months Ended
	Dec. 31, 2022
Statement [Line Items]
Schedule of Fair value of Financial Instruments	The following table summarizes the Company’s financial assets and liabilities measured at fair value, as of December 31, 2022, and 2021: December 31, 2022 December 31, 2021 Level 1 Level 2 Level 1 Level 2 Financial instrument (current asset) 351 9,710 764 865 Financial instrument (non-current asset) 14,540 21,201 3,170 39,152 Financial instrument (current liability) 64 406 35 103 Financial instrument (non-current liability) — 5,651 — 1,635
Fair Value of Company's Publicly Traded Debt	The fair value of the Company’s publicly traded debt is based on quoted market prices as of December 31, 2022 and 2021, which is considered to be level 1 in the fair value hierarchy. December 31, 2022 December 31, 2021 Carrying value Ps. 191,741 Ps. 190,585 Fair value 163,312 198,232
Disclosure of Outstanding Interest Rate Swap Agreements	On December 31, 2022, the Company has the following outstanding interest rate swap agreements: Notional Fair Value Liability Fair Value Asset Maturity Date Amount December 31, 2022 December 31, 2022 2023 Ps. 11,675 Ps. — Ps. 236 2024 2,227 — 129 2032 9,681 (1,728) — On December 31, 2021, the Company has the following outstanding interest rate swap agreements: Notional Fair Value Liability Fair Value Asset Maturity Date Amount December 31, 2021 December 31, 2021 2022 Ps. 131 Ps. (1) Ps. — 2023 12,129 — 177 2024 2,367 (39) — 2032 6,175 — 170
Disclosure of Outstanding Forward Agreements to Purchase Foreign Currency	On December 31, 2022, the Company had the following outstanding forward agreements to purchase foreign currency: Notional Fair Value Liability Fair Value Asset Maturity Date Amount December 31, 2022 December 31, 2022 2023 Ps. 10,828 Ps. (399) Ps. 61 2024 2 — — On December 31, 2021, the Company had the following outstanding forward agreements to purchase foreign currency: Notional Fair Value Liability Fair Value Asset Maturity Date Amount December 31, 2021 December 31, 2021 2022 Ps. 6,384 Ps. (104) Ps. 78 2023 23 (2) — 2024 2 — —
Disclosure of Outstanding Cross Currency Swap Agreements	On December 31, 2022, the Company had the following outstanding cross–currency swap agreements: Notional Fair Value Liability Fair Value Asset Maturity Date Amount December 31, 2022 December 31, 2022 2023 Ps. 27,804 Ps. (7) Ps. 9,435 2024 497 (3) 247 2025 1,010 — 385 2026 5,971 (924) 364 2027 17,809 (689) 95 2029 14,620 — 1,664 2030 3,679 (104) 110 2035 10,000 (2,203) — 2043 8,869 — 505 On December 31, 2021 , the Company had the following outstanding cross–currency swap agreements: Notional Fair Value Liability Fair Value Asset Maturity Date Amount December 31, 2021 December 31, 2021 2022 Ps. 4,872 Ps. — Ps. 982 2023 24,403 — 12,379 2024 1,400 — 438 2025 10,667 (1,564) 154 2026 6,348 (1) 220 2027 7,204 — 366 2029 16,389 (21) 655 2030 3,911 (8) 404 2043 8,869 — 1,553
Disclosure of Fair Value of Commodity Price Contracts	On December 31, 2022, Coca-Cola FEMSA had the following sugar price contracts: Notional Fair Value Liability Fair Value Asset Maturity Date Amount December 31, 2022 December 31, 2022 2023 Ps. 1,688 Ps. (46) Ps. 328 2024 468 — 21 On December 31, 2021, Coca-Cola FEMSA had the following sugar price contracts: Notional Fair Value Liability Fair Value Asset Maturity Date Amount December 31, 2021 December 31, 2021 2022 Ps. 2,020 Ps. (7) Ps. 502 2023 769 — 195 On December 31, 2022, Coca-Cola FEMSA had the following aluminum price contracts: Notional Fair Value Liability Fair Value Asset Maturity Date Amount December 31, 2022 December 31, 2022 2023 Ps. 662 Ps. (18) Ps. 1 On December 31, 2021, Coca-Cola FEMSA had the following aluminum price contracts: Fair Value Asset Notional December 31, Maturity Date Amount 2021 2022 Ps. 102 Ps. 62 On December 31, 2022, Coca-Cola FEMSA had no outstanding paraxylene and monoethylene glycol or PX + MEG (resin) price contracts. On December 31, 2021, Coca-Cola FEMSA had the following PX+MEG (resin) contracts: Fair Value Asset Notional Fair Value Liability December 31, Maturity Date Amount December 31, 2021 2021 2022 Ps. 470 Ps. (28) Ps. 5
Disclosure of Net Effects of Expired Contracts Met Hedging Criteria	Impact in Consolidated Income Statement 2022 2021 2020 Cross-currency swaps (1) Interest expense Ps. 1 Ps. — Ps. (109) Cross-currency swaps (1) Foreign exchange (5) — 1,212 Interest rate swaps Interest expense — — (163) Forward agreements to purchase foreign currency Foreign exchange 565 41 (167) Commodity price contracts Cost of goods sold 599 1,245 (129) Options to purchase foreign currency Cost of goods sold — — 8 Forward agreements to purchase foreign currency Cost of goods sold (681) (788) 839 Treasury locks Interest expense — — 153 (1) This amount corresponds to the settlement of cross-currency swaps portfolio in Brazil presented as part of the other financial activities.
Disclosure of Net Effect of Changes in Fair Value of Derivative Financial Instruments Did Not Meet Hedging Criteria for Accounting Purposes	Impact in Consolidated Type of Derivatives Income Statement 2022 2021 2020 Cross currency swaps and interest rate swaps Market value gain (loss) on financial instruments Ps. (2,270) 80 (212) 21.9 Net effect of expired contracts that did not meet the criteria for hedge accounting purposes Impact in Consolidated Type of Derivatives Income Statement 2022 2021 2020 Cross currency swaps and interest rate swaps Market value gain (loss) on financial instruments Ps. — Ps. — Ps. (212)
Disclosure of Sensitivity Analysis of Market Risks Management	The following disclosures provide a sensitivity analysis of the market risks management considered to be reasonably possible at the end of the reporting period based on a stress test of the exchange rates according to an annualized volatility estimated with historic prices obtained for the underlying asset over a period, in the cases of derivative financial instruments related to foreign currency risk, which the Company is exposed to as it relates to in its existing hedging strategy: Change in Foreign Currency Risk Exchange Rate Effect on Equity 2022 FEMSA (1) +10% MXN/USD Ps. 6 ‑10% MXN/USD (6) +10% MXN/EUR 1 ‑10% MXN/EUR (1) +7% CHF/EUR 44 ‑7% CHF/EUR (44) Coca-Cola FEMSA +10% MXN/USD 512 ‑10% MXN/USD (512) +18% BRL/USD 550 ‑18% BRL/USD (550) +7% UYU/USD 25 ‑7% UYU/USD (25) +17% COP/USD 112 ‑17% COP/USD (112) +3% ARS/USD 10 ‑3% ARS/USD (10) +7% CRC/USD 24 -7% CRC/USD (24) 2021 FEMSA (1) +11% MXN/USD Ps. 4 ‑11% MXN/USD (4) +16% BRL/USD 37 ‑16% BRL/USD (37) Coca-Cola FEMSA +11% MXN/USD 298 ‑11% MXN/USD (298) +16% BRL/USD 284 ‑16% BRL/USD (284) +4% UYU/USD 7 ‑4% UYU/USD (7) +11% COP/USD 81 ‑11% COP/USD (81) +1% ARS/USD 3 ‑1% ARS/USD (3) +3% CRC/USD 10 ‑3% CRC/USD (10) 2020 FEMSA (1) +19% MXN/USD Ps. 327 ‑19% MXN/USD (327) +21% BRL/USD 240 ‑21% BRL/USD (240) Coca-Cola FEMSA +19% MXN/USD 884 Change in Foreign Currency Risk Exchange Rate Effect on Equity ‑19% MXN/USD (884) +21% BRL/USD 357 ‑21% BRL/USD (357) +9% UYU/USD 21 ‑9% UYU/USD (21) +16% COP/USD 142 ‑16% COP/USD (142) +2% ARS/USD 2 ‑2% ARS/USD (2) Change in Cross Currency Swaps (1) (2) Exchange Rate Effect on Equity Effect on Profit or Loss 2022 FEMSA (3) +21% CLP/USD Ps. — Ps. 966 ‑21% CLP/USD — (966) +10% MXN/USD — 2,647 ‑10% MXN/USD — (2,647) +21% COP/USD — 354 ‑21% COP/USD — (354) +18% USD/BRL — 18 ‑18% USD/BRL — (18) +10% EUR/USD — 1,315 ‑10% EUR/USD — (1,315) +10% EUR/MXN — (902) ‑10% EUR/MXN — 902 Coca-Cola FEMSA +10% MXN/USD 1,220 — ‑10% MXN/USD (1,220) — +18% BRL/USD 2,893 — ‑18% BRL/USD (2,893) — 2021 FEMSA (3) +13% CLP/USD Ps. — Ps. 552 ‑13% CLP/USD — (552) +11% MXN/USD — 3,404 ‑11% MXN/USD — (3,404) +11% COP/USD — 235 ‑11% COP/USD — (235) +15% MXN/BRL — 123 ‑15% MXN/BRL — (123) Coca-Cola FEMSA +6% EUR/USD — 1,049 ‑6% EUR/USD — (1,049) +11% MXN/USD 1,645 — ‑11% MXN/USD (1,645) — +16% BRL/USD 2,300 — ‑16% BRL/USD (2,300) — 2020 FEMSA (3) +13% CLP/USD Ps. — Ps. 717 ‑13% CLP/USD — (717) +19% MXN/USD — 6,381 ‑19% MXN/USD — (6,381) +16% COP/USD — 426 ‑16% COP/USD — (426) +19% MXN/BRL — 238 ‑19% MXN/BRL — (238) Coca-Cola FEMSA +19% MXN/USD 5,507 — ‑19% MXN/USD (5,507) — +21% BRL/USD 2,161 — ‑21% BRL/USD (2,161) — (1) The sensitivity analysis effects include all subsidiaries of the Company. (2) Includes the sensitivity analysis effects of all derivative financial instruments related to foreign exchange risk. (3) Does not include Coca-Cola FEMSA. Change in Net Cash in Foreign Currency (1) Exchange Rate Effect on Profit or Loss 2022 FEMSA (2) +10% EUR/ +10 % USD Ps. 1,779 ‑10% EUR/ -10 % USD (1,779) Coca-Cola FEMSA +10% USD 2,282 ‑10% USD (2,282) 2021 FEMSA (2) +10% EUR/ +11% USD Ps. 4,931 ‑10% EUR/ -11% USD (4,931) Coca-Cola FEMSA +11% USD 3,200 ‑11% USD (3,200) 2020 FEMSA (2) +18% EUR/ +19 % USD Ps. 8,827 ‑18% EUR/ -19 % USD (8,827) Coca-Cola FEMSA +18% USD 5,755 ‑18% USD (5,755) (1) The sensitivity analysis effects include all subsidiaries of the Company. (2) Does not include Coca-Cola FEMSA. Change in Commodity Price Contracts (1) U.S.$ Rate Effect on Equity 2022 Coca-Cola FEMSA Sugar -22 % Ps. (333) Alumimum -35 % Ps. (4,520) 2021 Coca-Cola FEMSA Sugar -28 % Ps. (714) Aluminum -24 % Ps. (39) 2020 Coca-Cola FEMSA Sugar - 32 % Ps. (515) Aluminum - 16 % Ps. (289) (1) Effects on commodity price contracts are only in Coca-Cola FEMSA.
Summary of Sensitivity Analysis of Interest Rate Risks Management	The following disclosures provide a sensitivity analysis of the interest rate risks management considered to be reasonably possible at the end of the reporting period, which the Company is exposed to as it relates to its fixed and floating rate borrowings, which it considers in its existing hedging strategy: Change in Interest Rate Swap (1) Bps. Effect on Equity 2022 FEMSA (2) (100 Bps.) Ps. (90) 2021 FEMSA (2) (100 Bps.) Ps. (212) 2020 FEMSA (2) (100 Bps.) Ps. (354) (1) The sensitivity analysis effects include all subsidiaries of the Company. (2) Does not include Coca-Cola FEMSA. Interest Effect of Unhedged Portion Bank Loans 2022 2021 2020 Change in interest rate +100 Bps. +100 Bps. +100 Bps. Effect on profit loss Ps. (249) Ps. (627) Ps. (110)
Summary of Maturity Analysis for Non-derivative and Derivative Financial Liabilities	The following table reflects all contractually fixed pay-offs for settlement, repayments and interest resulting from recognized financial liabilities. It includes expected net cash outflows from derivative financial liabilities that are in place as of December 31, 2022. Such expected net cash outflows are determined based on each particular settlement date of an instrument. The amounts disclosed are undiscounted net cash outflows for the respective upcoming fiscal years, based on the earliest date on which the Company could be required to pay. Cash outflows for financial liabilities (including interest and excluding IFRS 16 lease liabilities) without fixed amount or timing are based on economic conditions (like interest rates and foreign exchange rates) existing on December 31, 2022. 2028 and thereafter 2023 2024 2025 2026 2027 Non-derivative financial liabilities: Notes and bonds Ps. 17,257 Ps. 3,610 Ps. 5,464 Ps. 6,677 Ps. 12,166 Ps. 222,563 Loans from Banks 4,594 5,092 301 158 1,317 813 Lease liabilities 14,374 — — — 45,562 46,630 Derivative financial liabilities (4,359) 118 24 571 328 (6,421)
Summary of Financial Instruments to Hedge Exposure to Foreign Exchange Rates and Interest Rates	As of December 31, 2022, the Company’s financial instruments used to hedge its exposure to foreign exchange rates and interest rates are as follows: Maturity 1‑6 months 6‑12 months More than 12 Foreign exchange currency risk Foreign exchange currency forward contracts Net exposure 3,416 2,485 2 Average exchange rate MXN/USD 20.72 20.88 24.33 Net exposure 1,857 746 — Average exchange rate BRL/USD 5.34 5.55 — Net exposure 407 207 — Average exchange rate COP/USD 4,502 4,977 — Net exposure 437 — — Average exchange rate ARS/USD 231.40 — — Net exposure 299 139 — Average exchange rate URY/USD 42.51 42.74 — Net exposure 332 182 — Average exchange rate CRC/USD 686.50 664.50 — Net exposure 293 — — Average exchange rate ARS/MXN 10.57 — — Foreign exchange currency swap contracts Net exposure 12,670 1,743 29,324 Average exchange rate MXN/USD 12.67 19.08 18.11 Net exposure — 9,294 6,874 Average exchange rate BRL/USD — 4 5.28 Net exposure 345 250 2,313 Average exchange rate COP/USD 3,926 2,333.06 3,510.06 Net exposure 3,306 — 1,225 Average exchange rate CLP/USD 774.49 — 677 Net exposure — — 22,130 Average exchange rate EUR/USD — — 0.91 Interest rate risk Interest rate swaps Net exposure — — 9,681 Interest rate average BRL — — 0.16 % Net exposure — — 11,403 Interest rate average MXN — — 7.17 % Net exposure 271 — — Interest rate average CLP 5.79 % — — Net exposure — — 3 Interest rate average USD — — 3.57 % Commodities risk Aluminum 294 368 — Average price (USD/Ton) 2,483 2,480 — Sugar 1,058 631 468 Average price (USD cent/Lb) 17.62 17.08 17.14 As of December 31, 2021, the Company’s financial instruments used to hedge its exposure to foreign exchange rates and interest rates are as follows: Maturity 1‑6 months 6‑12 months More than 12 Foreign exchange currency risk Foreign exchange currency forward contracts Net exposure Ps. 1,996 Ps. 1,068 Ps. 25 Average exchange rate MXN/USD 20.90 21.43 24.33 Net exposure 1,171 593 — Average exchange rate BRL/USD 5.44 5.97 — Net exposure 497 191 — Average exchange rate COP/USD 3,858 3,952 — Net exposure 280 — — Average exchange rate ARS/USD 122.56 — — Net exposure 165 48 — Average exchange rate URY/USD 45.51 46.30 — Net exposure 211 120 — Average exchange rate CRC/USD 646.33 650.71 — Foreign exchange currency swap contracts Net exposure — — 44,507 Average exchange rate MXN/USD — — 16.41 Net exposure — — 15,026 Average exchange rate BRL/USD — — 4.47 Net exposure — — 885 Average exchange rate BRL/MXN — — 0.22 Net exposure 1,038 321 2,384 Average exchange rate COP/USD 3,207.80 3,240 3,431.99 Net exposure — 3,514 1,311 Average exchange rate CLP/USD — 696.02 677 Net exposure — — 15,078 Average exchange rate EUR/USD — — 0.86 Interest rate risk Interest rate swaps Net exposure — — 6,175 Interest rate average BRL — — 0.09 % Net exposure — — 11,403 Interest rate average MXN — — 7.17 % Net exposure — 131 726 Interest rate average CLP — 6.55 % 5.79 % Net exposure — — 2,367 Interest rate average USD — — 3.57 % Commodities risk Aluminum 67 35 — Average price (USD/Ton) 1,722 1,777 — Sugar 1,366 653 769 Average price (USD cent/Lb) 15.22 14.76 14.74 Maturity 1‑6 months 6‑12 months More than 12 PX+MEG 337 134 — Average price (USD /Ton) 934 866 —
Reconciliation Per Category of Equity Components and Analysis of OCI Components, Net of Tax Generated by Cash Flow Hedges	As of December 31, 2022, a reconciliation per category of equity components and an analysis of OCI components, net of tax; generated by the cash flow hedges were as follows: Hedging reserve Balances at beginning of the period Ps. 4,121 Cash flows hedges Fair value changes: Foreign exchange currency risk – Purchase of stock (908) Foreign exchange currency risk – Other stock (5,538) Interest rate risk 199 Commodity price contracts – Purchase of stock 235 The amounts reclassified to profit and loss: Foreign exchange currency risk – Other stock 2,696 Interest rate risk — The amounts included in non-financial costs: Foreign exchange currency risk – Purchase of stock 526 Commodity price contracts – Purchase of stock (613) Taxes due to changes in reserves during the period 1,163 Balances at the end of the period Ps. 1,881
Schedule of Reconciliation of Each Component of Equity and Analysis of Other Comprehensive Income	Set out below is the reconciliation of each component of equity and the analysis of other comprehensive income: Foreign currency option Foreign currency option Cross-currency swaps Interest rate swaps Treasury Lock contracts Commodity price contracts Total holders of the parent Non-controlling interest Total As at January 1, 2021 Ps. (541) Ps. — Ps. 2,729 Ps. (442) Ps. — Ps. 109 Ps. 1,854 Ps. (274) Ps. 1,580 Financial instruments – purchases 33 — 1,040 — — 202 1,274 541 1,816 Change in fair value of financial instruments recognized in OCI (13) — 2,036 584 — 390 2,998 2,088 5,086 Amount reclassified from OCI to profit or loss 568 — (1,587) — — (539) (1,558) (325) (1,883) Foreign currency revaluation of the net foreign operations — — (654) — — — (654) (836) (1,490) Effects of changes in foreign exchange rates 3 — 4 — — (4) 3 2 5 Tax effect (175) — (165) (175) — (16) (531) (460) (992) As at December 31, 2021 Ps. (124) Ps. — Ps. 3,403 Ps. (34) Ps. — Ps. 141 Ps. 3,385 Ps. 736 Ps. 4,121 Financial instruments – purchases (223) — (2,080) — — (23) (2,326) (269) (2,595) Change in fair value of financial instruments recognized in OCI (211) — (3,231) 199 — 133 (3,110) (1,500) (4,610) Amount reclassified from OCI to profit or loss 303 — 2,674 — — (289) 2,688 (79) 2,609 Foreign currency revaluation of the net foreign operations — — 513 — — — 513 670 1,183 Effects of changes in foreign exchange rates 2 — 1 — — 1 4 6 10 Tax effect 30 — 769 (54) — 59 804 359 1,163 As at December 31, 2022 Ps. (223) Ps. — Ps. 2,049 Ps. 111 Ps. — Ps. 22 Ps. 1,958 Ps. (77) Ps. 1,881

Non-Controlling Interest in C_2

Non-Controlling Interest in Consolidated Subsidiaries (Tables)	12 Months Ended
	Dec. 31, 2022
Non-Controlling Interest In Consolidated Subsidiaries [Abstract]
Summary of Non-Controlling Interest in its Consolidated Subsidiaries	An analysis of FEMSA’s non-controlling interest in its consolidated subsidiaries as of December 31, 2022 and 2021 is as follows: December 31, 2022 December 31, 2021 Coca-Cola FEMSA Ps. 72,128 Ps. 69,692 Other 3,069 2,824 Ps. 75,197 Ps. 72,516
Summary of Changes in Non-Controlling Interest	The changes in the FEMSA’s non-controlling interest were as follows: 2022 2021 2020 Balance at beginning of the period Ps. 72,516 Ps. 69,444 Ps. 73,762 Net income of non-controlling interest 10,834 9,183 5,686 Other comprehensive loss: (2,198) (368) (5,793) Exchange differences on translation of foreign operation (1,558) (1,342) (5,958) Remeasurements of the net defined benefits liability 173 (36) (169) Valuation of the effective portion of derivative financial instruments (813) 1,010 334 Dividends (6,176) (5,729) (5,524) Share based payment (57) (14) (64) Acquisition of Envoy Solutions non-controlling interest (see Note 4.1) — — 1,298 Other acquisitions and remeasurements 5 — 79 Repurchase of non-controlling interests (79) — — Contribution from non-controlling interest 352 — — Balance at end of the period Ps. 75,197 Ps. 72,516 Ps. 69,444
Summary of Non-Controlling Interest's Accumulated Other Comprehensive Loss	Non-controlling interest’s accumulated other comprehensive income is comprised as follows: December 31, 2022 December 31, 2021 Exchange differences on translation foreign operation Ps. (9,557) Ps. (7,999) Remeasurements of the net defined benefits liability (422) (595) Valuation of the effective portion of derivative financial instruments (80) 733 Accumulated other comprehensive income Ps. (10,059) Ps. (7,861)
Summary of Financial Information of Coca-Cola FEMSA	Summarized financial information in respect of Coca-Cola FEMSA is set out below: December 31, 2022 December 31, 2021 Total current assets Ps. 79,212 Ps. 80,364 Total non-current assets 198,783 191,203 Total current liabilities 57,960 46,221 Total non-current liabilities 88,159 97,774 Total revenue Ps. 226,740 Ps. 194,804 Consolidated net income 19,626 16,331 Consolidated comprehensive income for the year, net of tax Ps. 15,767 Ps. 15,764 Net cash flows generated from operating activities 35,491 32,721 Net cash flows used in investing activities (19,597) (9,547) Net cash flows used in financing activities (20,847) (20,263)

Equity (Tables)

Equity (Tables)	12 Months Ended
	Dec. 31, 2022
Equity [abstract]
Summary of Capital Stock	As of December 31, 2022 and 2021, FEMSA’s capital stock is comprised as follows: “B” Units “BD” Units Total Units 1,417,048,500 2,161,177,770 3,578,226,270 Shares: Series “B” 7,085,242,500 2,161,177,770 9,246,420,270 Series “D” — 8,644,711,080 8,644,711,080 Subseries “D-B” — 4,322,355,540 4,322,355,540 Subseries “D-L” — 4,322,355,540 4,322,355,540 Total shares 7,085,242,500 10,805,888,850 17,891,131,350
Summary of Dividends Declared and Paid	For the years ended December 31, 2022, 2021 and 2020 the dividends declared and paid by the Company and Coca-Cola FEMSA were as follows: 2022 2021 2020 FEMSA Ps. 11,358 Ps. 7,687 Ps. 10,360 Coca-Cola FEMSA (100% of dividend) 11,407 10,588 10,210 For the years ended December 31, 2022, 2021 and 2020 the dividends declared and paid per share by the Company are as follows: Series of Shares 2022 2021 2020 “B” Ps. 0.56600 Ps. 0.38333 Ps. 0.51667 “D” 0.70850 0.47917 0.64583

Earnings per Share (Tables)

Earnings per Share (Tables)	12 Months Ended
	Dec. 31, 2022
Earnings per share [abstract]
Calculation of Basic and Diluted Earnings Per Share Amounts	2022 2021 2020 Per Series Per Series Per Series Per Series Per Series Per Series “B” Shares “D” Shares “B” Shares “D” Shares “B” Shares “D” Shares (in millions of shares) Weighted average number of shares for basic earnings per share 9,241.72 8,625.92 9,242.88 8,630.54 9,243.59 8,633.38 Effect of dilution associated with non-vested shares for share based payment plans 4.70 18.79 3.54 14.17 2.83 11.33 Weighted average number of shares adjusted for the effect of dilution (Shares outstanding) 9,246.42 8,644.71 9,246.42 8,644.71 9,246.42 8,644.71 Dividend rights per series (see Note 23.1) 100 % 125 % 100 % 125 % 100 % 125 % Weighted average number of shares further adjusted to reflect dividend rights 9,246.42 10,805.89 9,246.42 10,805.89 9,246.42 10,805.89 Basic earnings per share 1.19 1.49 1.42 1.78 (0.10) (0.12) Diluted earnings per share 1.19 1.49 1.42 1.78 (0.10) (0.12) Allocation of earnings, weighted 46.11 % 53.89 % 46.11 % 53.89 % 46.11 % 53.89 % Net controlling interest income allocated Ps. 11,025 Ps. 12,884 Ps. 13,139 Ps. 15,356 Ps. (890) Ps. (1,040)

Taxes (Tables)

Taxes (Tables)	12 Months Ended
	Dec. 31, 2022
Taxes [Abstract]
Summary of Major Components of Income Tax Expense	The major components of income tax expense for the years ended December 31, 2022, 2021 and 2020 are: 2022 2021 2020 Current tax expense Ps. 15,510 Ps. 13,657 Ps. 18,690 Deferred tax expense (benefit): Origination and reversal of temporary differences (624) 2,115 (5,824) Utilization (recognition) of tax losses, net (389) (1,498) 1,994 Change in the statutory rate (102) 4 (41) Total deferred tax expense (benefit) (1,115) 621 (3,871) Total income taxes Ps. 14,395 Ps. 14,278 Ps. 14,819
Income Tax Expense/Benefit Recognized in Consolidated Statement of Other Comprehensive Income	Income tax related to items charged or recognized directly in OCI during the period: 2022 2021 2020 Unrealized gain (loss) on cash flow hedges Ps. (1,158) Ps. 992 Ps. 871 Exchange differences on translation of foreign operations (3,742) (1,730) 4,758 Remeasurements of the net defined benefit liability 383 127 (208) Share of the other comprehensive income of equity method accounted investees (1) 1,129 1,506 (2,597) Total income tax expense (benefit) recognized in OCI Ps. (3,388) Ps. 895 Ps. 2,824 (1) Deferred income taxes related to CTA, MTM of derivative financial instruments and employee benefits for equity method accounted investees which as of December 31, 2022 amounted to Ps. 1,138, Ps. (123), and Ps. 114, respectively.
Reconciliation Between Statutory and Actual Tax Rate	A reconciliation between tax expense and income before income taxes and share of the profit or loss of associates and joint ventures accounted for using the equity method multiplied by the Mexican domestic tax rate for the years ended December 31, 2022, 2021 and 2020 is as follows: 2022 2021 2020 Mexican statutory income tax rate 30.0 % 30.0 % 30.0 % Difference between book and tax inflationary values and translation effects (5.4) % (4.8) % (5.0) % Annual inflation tax adjustment 7.0 % 7.7 % 3.0 % Difference between statutory income tax rates 2.8 % 0.2 % 1.0 % Non-deductible expenses 3.8 % 2.1 % 3.8 % Taxable (non-taxable) income 1.4 % 2.3 % 2.9 % Others 0.1 % 0.1 % (1.9) % Impairments (1) — % — % 4.6 % Adjustments for previous tax years (2) 0.4 % — % 30.3 % Income Tax credits (3) — % (1.5) % (8.3) % Tax loss (4)(5) (5.5) % (1.4) % 16.3 % Consolidated Effective income tax rate (6) 34.6 % 34.7 % 76.7 % (1) Includes the impairments of Specialty's and Estrella Azul in 2020 explained in Note 13 and 10, respectively. (2) Related to an agreement with the Mexican tax authority in 2020, to resolve interpretative differences over foreign (non-Mexican) dividends received before 2020. (3) Favorable position of Brazilian Courts related to a no taxation on financial effects of recovered tax credits from previously won judicial disputes, which allowed a recognition of a deferred tax credit in Brazil in 2021 and 2020. (4) During 2022, Coca-Cola FEMSA recognized an amount of Ps.(2,194) as favorable effects on the deferred tax assets of our territories taking into account our expectation that those deferred tax assets will be recovered in the future. (5) During 2020, Coca-Cola FEMSA recognized an amount of Ps. 2,349 in the deferred tax asset based on the probability of the expected timing of reversal of tax losses in Mexico. (6) The extraordinary effects in 2020 increased the tax rate by 42.9%.
Deferred Tax Assets and Liabilities	Deferred Income Tax Related to: Consolidated Statement Consolidated Statement of Financial Position as of of Income December 31, 2022 December 31, 2021 2022 2021 2020 Allowance for doubtful accounts Ps. (389) Ps. (35) Ps. 21 Ps. (3) Ps. (25) Inventories (107) 206 99 (17) 60 Other current assets 99 144 (78) 47 (162) Property, plant and equipment, net (7,288) (6,495) (1,345) (1,081) (708) Right of use Assets from leases (1,433) (1,218) (151) (482) (509) Investments in equity method accounted investees (7,330) (7,533) (58) (22) (15) Other assets (283) 192 36 (2) (729) Finite useful lived intangible assets 3 297 (139) 498 129 Indefinite lived intangible assets 3,693 3,038 402 36 (261) Post-employment and other long-term employee benefits (736) (1,746) (71) (258) (175) Derivative financial instruments 420 1,622 (111) 738 111 Temporary non-deductible provision (3,971) (3,443) 43 1,280 (1,751) Employee profit sharing payable (871) (759) (304) (393) 64 Tax loss carryforwards (10,177) (9,047) (389) (1,498) 1,994 Tax credits to recover (1) (1,065) (1,394) 255 1,200 (1,629) Cumulative other comprehensive income (218) — (417) — — Exchange differences on translation of foreign operations in OCI 4,603 8,170 — — — Other liabilities (752) (2,668) 797 (4) (440) Finance leases (382) (220) (272) 53 (23) Liabilities of amortization of goodwill of business acquisition 6,117 6,198 — 86 — Deferred tax income Ps. (1,682) Ps. 178 Ps. (4,069) Deferred tax income net recorded in share of the profit of equity method accounted investees 567 443 198 Deferred tax income, net Ps. (1,115) Ps. 621 Ps. (3,871) Deferred income taxes, net (20,067) (14,691) Deferred tax asset (26,890) (20,733) Deferred tax liability Ps. 6,823 Ps. 6,042
Deferred Tax related to Other Comprehensive Income (AOCI)	Income tax related to items charged or recognized directly in AOCI as of the year: 2022 2021 Unrealized gain on derivative financial instruments Ps. 688 Ps. 1,796 Remeasurements of the net defined benefit liability (251) (637) Exchange differences on translation of foreign operations 3,778 7,520 Gain on hedge of net investments in foreign operations 2,216 181 Share of other comprehensive income of associated companies and joint ventures (3,108) (4,237) Total deferred tax loss related to AOCI Ps. 3,323 Ps. 4,623
Schedule of Changes in Net Deferred Income Tax Asset	The changes in the balance of the net deferred income tax asset are as follows: 2022 2021 2020 Balance at the beginning of the period Ps. (14,691) Ps. (16,010) Ps. (13,575) Deferred tax provision for the period (1,115) 622 (3,871) Deferred tax income net recorded in share of the profit of equity method accounted investees (694) 277 (404) Acquisition of subsidiaries — — 1 Effects in equity: Unrealized (gain) on cash flow hedges (1,281) 1,006 865 Exchange differences on translation of foreign operations (2,604) (491) 2,215 Remeasurements of the net defined benefit liability 497 380 (256) Retained earnings of equity method accounted investees (334) 32 (33) Restatement effect of the period and beginning balances associated with hyperinflationary economies 155 (507) (953) Balance at the end of the period Ps. (20,067) Ps. (14,691) Ps. (16,010)
Schedule of Tax Loss Carryforwards	The tax losses carryforwards for which a deferred tax asset has been recorded and their corresponding years of expiration are as follows: Tax Loss Year Carryforwards 2023 Ps. 318 2024 436 2025 254 2026 218 2027 159 2028 953 2029 3,674 2030 3,885 2031 1,239 2032 and thereafter 3,615 No expiration (Brazil and Colombia) 16,572 Ps. 31,323
Summary of Changes in the Balance of Tax Loss Carryforwards	The changes in the balance of tax loss carryforwards are as follows: 2022 2021 Balance at beginning of the period Ps. 30,041 Ps. 26,617 Derecognized (13,348) 33 Additions 14,639 8,306 Usage of tax losses (460) (5,600) Translation effect of beginning balances 451 685 Balance at end of the period Ps. 31,323 Ps. 30,041

Other Liabilities, Provisions_2

Other Liabilities, Provisions, Contingencies and Commitments (Tables)	12 Months Ended
	Dec. 31, 2022
Other Liabilities, Provisions, Contingencies and Commitments [Abstract]
Schedule of Other Current Financial Liabilities	26.1 Other current financial liabilities December 31, 2022 December 31, 2021 Sundry creditors Ps. 16,869 Ps. 12,873 Derivative financial instruments (see Note 21) 470 138 Other 136 186 Total Ps. 17,475 Ps. 13,197
Schedule of Provisions and Other Non-Current Liabilities	26.2 Provisions and other non-current liabilities December 31, 2022 December 31, 2021 Contingencies Ps. 4,685 Ps. 5,589 Payable taxes 1,045 662 Other 3,251 2,409 Total Ps. 8,981 Ps. 8,660
Schedule of Other Financial Liabilities	26.3 Other non-current financial liabilities December 31, 2022 December 31, 2021 Derivative financial instruments (see Note 21) Ps. 5,651 Ps. 1,635 Security deposits 967 729 Total Ps. 6,618 Ps. 2,364
Schedule of Provisions Recorded in the Statement of Financial Position	The following table presents the nature and amount of the contingencies recorded as of December 31, 2022 and 2021: December 31, 2022 December 31, 2021 Indirect taxes Ps. 1,976 Ps. 2,845 Labor 1,703 1,807 Legal 1,006 937 Total (1) Ps. 4,685 Ps. 5,589 (1) As it is customary in Brazil, the Company is required to guarantee tax, legal and labor contingencies by guarantee deposits. See Note 14.
Summary of Changes in Provisions	26.5.1 Indirect taxes December 31, 2022 December 31, 2021 December 31, 2020 Balance at beginning of the period Ps. 2,845 Ps. 3,153 Ps. 5,062 Penalties and other charges 109 77 — New contingencies 249 314 489 Cancellation and expiration (738) (77) (153) Payments (473) (237) (218) Reversal of indemnifiable items (1) — — (1,177) Effects of changes in foreign exchange rates (16) (385) (850) Balance at end of the period Ps. 1,976 Ps. 2,845 Ps. 3,153 (1) This amount for 2020 includes Ps. 899 of certain tax contingencies that expired and are payable to the former shareholders of Spaipa (acquired in 2013). 26.5.2 Labor December 31, 2022 December 31, 2021 December 31, 2020 Balance at beginning of the period Ps. 1,807 Ps. 1,857 Ps. 2,455 Penalties and other charges 81 309 233 New contingencies 571 526 249 Contingencies added in the business combination 67 — — Cancellation and expiration (443) (445) (61) Payments (320) (360) (592) Effects of changes in foreign exchange rates (60) (80) (427) Balance at end of the period Ps. 1,703 Ps. 1,807 Ps. 1,857 26.5.3 Legal December 31, 2022 December 31, 2021 December 31, 2020 Balance at beginning of the period Ps. 937 Ps. 1,293 Ps. 1,337 Penalties and other charges 63 68 8 New contingencies 141 35 362 Contingencies added in the business combination 158 — — Cancellation and expiration (146) (364) (141) Payments (110) (97) (111) Effects of changes in foreign exchange rates (37) 2 (162) Balance at end of the period Ps. 1,006 Ps. 937 Ps. 1,293

Information by Segment (Tables)

Information by Segment (Tables)	12 Months Ended
	Dec. 31, 2022
Segments [Abstract]
Summary of Information by Operating Segment	2022 Coca-Cola FEMSA Proximity Americas Proximity Europe Health Division Fuel Division Heineken Investment Logistics and Distribution Other (1) Consolidation Adjustments Consolidated Total revenues Ps. 226,740 Ps. 233,958 Ps. 9,809 Ps. 74,800 Ps. 51,813 Ps. — Ps. 72,539 Ps. 25,677 Ps. (22,134) Ps. 673,202 Intercompany revenue 6,489 74 — — 311 — 6,754 8,506 (22,134) — Gross profit 100,300 97,586 4,599 21,983 6,560 — 16,165 7,920 (3,445) 251,668 Administrative expenses — — — — — — — — — 34,486 Selling expenses — — — — — — — — — 157,340 Other income — — — — — — — — — 1,088 Other expenses — — — — — — — — — 2,870 Interest expense 6,500 6,851 145 1,468 1,125 1 1,205 4,732 (5,713) 16,314 Interest income 2,411 298 6 86 338 79 172 5,482 (5,029) 3,842 Other net finance loss (3) — — — — — — — — — (3,908) Income before income taxes and share of the profit of equity method accounted investees 25,787 5,661 218 1,659 1,543 66 1,895 4,456 395 41,680 Income taxes 6,547 2,793 302 600 406 11 1,077 2,659 — 14,395 Share of the profit of equity method accounted investees, net of tax 386 (276) — — — 7,359 4 (15) — 7,458 Consolidated net income — — — — — — — — — 34,743 Depreciation and amortization (2) 10,425 11,518 826 3,291 1,062 — 3,115 811 (521) 30,527 Non-cash items other than depreciation and amortization 1,738 511 5 394 59 — 27 133 2 2,869 Investments in equity method accounted investees 8,452 2,650 — 1 19 92,282 12 253 — 103,669 Total assets 277,995 143,877 38,759 60,960 24,102 98,162 81,115 162,788 (88,943) 798,815 Total liabilities 146,119 119,991 36,647 47,798 19,574 1,863 43,231 134,742 (88,951) 461,014 Investments in fixed assets (4) 19,665 9,931 544 2,868 157 — 1,140 1,073 (968) 34,410 (1) Includes other companies and corporate (see Note 1). (2) Includes bottle breakage. (3) Includes foreign exchange loss, net; gain on monetary position for subsidiaries in hyperinflationary economies; and market value loss on financial instruments. (4) Includes acquisitions and disposals of property, plant and equipment, intangible assets, and other long-lived assets. 2021 (Revised) Coca-Cola FEMSA Proximity Division Health Division Fuel Division Heineken Investment Logistics and Distribution Other (1) Consolidation Adjustments Consolidated Total revenues Ps. 194,804 Ps. 198,586 Ps. 73,027 Ps. 39,922 Ps. — Ps. 48,412 Ps. 21,754 Ps. (20,244) Ps. 556,261 Intercompany revenue 5,428 520 — 57 — 5,809 8,430 (20,244) — Gross profit 88,598 84,196 21,736 5,269 — 10,569 8,479 (5,134) 213,713 Administrative expenses — — — — — — — — 27,219 Selling expenses — — — — — — — — 134,079 Other income — — — — — — — — 5,887 Other expenses — — — — — — — — 3,727 Interest expense 6,192 6,076 1,465 1,119 — 430 5,269 (3,613) 16,938 Interest income 932 440 30 154 74 1 3,446 (3,613) 1,464 Other net finance loss (3) — — — — — — — — 2,090 Income before income taxes and share of the profit of equity method accounted investees 22,852 12,580 1,068 455 59 1,854 2,477 (154) 41,191 Income taxes 6,609 996 1,219 103 15 982 4,354 — 14,278 Share of the profit of equity method accounted investees, net of tax 88 (120) — — 10,775 8 14 — 10,765 Consolidated net income — — — — — — — — 37,678 Depreciation and amortization (2) 9,834 10,869 3,355 972 — 2,684 402 (129) 27,987 Non-cash items other than depreciation and amortization 1,613 448 111 14 — 145 110 — 2,441 Investments in equity method accounted investees 7,494 2,899 — 19 96,349 — 538 — 107,299 Total assets 271,567 129,821 57,463 19,878 101,706 64,168 166,984 (74,087) 737,500 Total liabilities 143,995 110,765 44,037 16,503 4,383 28,245 128,568 (74,113) 402,383 Investments in fixed assets (4) 13,865 7,179 2,049 243 — 557 474 (312) 24,055 (1) Includes other companies and corporate (see Note 1). (2) Includes bottle breakage. (3) Includes foreign exchange loss, net; gain on monetary position for subsidiaries in hyperinflationary economies; and market value loss on financial instruments. (4) Includes acquisitions and disposals of property, plant and equipment, intangible assets, and other long-lived assets. 2020 (Revised) Coca-Cola FEMSA Proximity Division Health Division Fuel Division Heineken Investment Logistics and Distribution Other (1) Consolidation Adjustments Consolidated Total revenues Ps. 183,615 Ps. 181,277 Ps. 65,172 Ps. 34,322 Ps. — Ps. 31,568 Ps. 17,311 Ps. (20,299) Ps. 492,966 Intercompany revenue 5,016 451 — 9 — 5,508 9,315 (20,299) — Gross profit 82,811 74,296 19,575 4,829 — 5,191 8,103 (5,152) 189,653 Administrative expenses — — — — — — — — 22,988 Selling expenses — — — — — — — — 123,405 Other income — — — — — — — — 3,343 Other expenses — — — — — — — — 12,381 Interest expense 7,894 5,932 1,540 1,099 — 397 4,376 (3,722) 17,516 Interest income 1,048 388 162 155 61 56 3,952 (3,722) 2,100 Other net finance loss (3) — — — — — — — — 505 Income before income taxes and share of the profit of equity method accounted investees 16,077 6,409 753 330 48 776 (5,567) 485 19,311 Income taxes 5,428 (280) 243 126 12 446 8,844 — 14,819 Share of the profit of equity method accounted investees, net of tax (281) (18) — — (434) — (3) — (736) Consolidated net income — — — — — — — — 3,756 Depreciation and amortization (2) 10,608 10,574 3,543 865 — 2,062 500 (103) 28,049 Non-cash items other than depreciation and amortization 1,494 739 28 21 — (25) 164 — 2,421 Investments in equity method accounted investees 7,623 3,102 — 19 87,291 — 235 — 98,270 Total assets 263,066 121,200 60,107 19,572 92,444 52,057 135,456 (59,054) 684,848 Total liabilities 140,609 104,141 46,038 16,466 4,011 15,163 110,054 (58,821) 377,661 Investments in fixed assets (4) 10,354 6,907 1,694 549 — 481 1,052 (144) 20,893 (1) Includes other companies and corporate (see Note 1). (2) Includes bottle breakage. (3) Includes foreign exchange gain, net; gain on monetary position for subsidiaries in hyperinflationary economies; and market value loss on financial instruments. (4) Includes acquisitions and disposals of property, plant and equipment, intangible assets, and other long-lived assets.
Summary of Geographic Area for Non-Current Assets	Geographic disclosure for the Company’s non-current assets is as follow: 2022 2021 Mexico and Central America (1) Ps. 245,222 Ps. 234,719 United States (2) 61,164 53,447 South America (3) 121,398 117,278 Europe (4) 144,582 101,338 Consolidated Ps. 572,366 Ps. 506,782 (1) Domestic (Mexico only) non-current assets were Ps. 237,832 and Ps. 220,843, as of December 31, 2022 and December 31, 2021, respectively. (2) On May 15, 2020, the Company completed the acquisition of the specialized distribution business of cleaning products and consumables in the United States, through the controlling interest of NW Synergy, which includes WAXIE Sanitary Supply (“WAXIE”) and North American Corporation (“North American”). Additionally, on December 31, 2020, the Company completed the acquisition of Southeastern Paper Group (“SEPG”). During 2022 and 2021 the Company acquired other companies increasing its specialized distribution footprint in the United States. See Note 4. (3) South America non-current assets includes Brazil, Argentina, Colombia, Chile, Uruguay and Ecuador. Brazilian non-current assets were Ps. 67,848 and Ps. 65,512, as of December 31, 2022 and December 31, 2021, respectively. Colombia’s non-current assets were Ps. 17,092 and Ps. 14,433, as of December 31, 2022 and December 31, 2021, respectively. Argentina’s non-current assets were Ps. 4,895 and Ps. 4,486, as of December 31, 2022 and December 31, 2021, respectively. Chile’s non-current assets were Ps. 30,272 and Ps. 29,621, as of December 31, 2022 and December 31, 2021, respectively. Uruguay’s non-current assets were Ps.3,403 and Ps. 2,473, as of December 31, 2022 and December 31, 2021, respectively. Ecuador’s non-current assets were Ps. 3,737 and Ps. 3,590, as of December 31, 2022 and December 31, 2021, respectively . (4) On October 7, 2022, the Company completed the acquisition of Valora Holding AG.

Company Business - Significant

Company Business - Significant Investments in Subsidiaries (Details) $ / shares in Units, shares in Thousands, $ in Millions, $ in Millions			3 Months Ended	12 Months Ended
	Oct. 07, 2022	Apr. 30, 2010	Dec. 31, 2022	Dec. 31, 2022 USD ($) shares		Dec. 31, 2022 MXN ($) $ / shares shares	Dec. 31, 2021 MXN ($) $ / shares shares	Dec. 31, 2020 MXN ($) $ / shares shares
Disclosure Of Parent Entity Information [line items]
Economic ownership percentage				14.80%		14.80%	14.80%
Controlling interest				$ 1,228	[1]	$ 23,909	$ 28,495	$ (1,930)
Series D shares
Disclosure Of Parent Entity Information [line items]
Weighted average number of shares for basic earnings per share (in shares)				8,625,920		8,625,920	8,630,540	8,633,380
Effect of dilution associated with non-vested shares for share based payment plans (in shares)				18,790		18,790	14,170	11,330
Weighted average number of ordinary shares used in calculating diluted earnings per share				8,644,710		8,644,710	8,644,710	8,644,710
Dividend rights per series				125%		125%	125%	125%
Weighted average number of shares further adjusted to reflect dividend rights (in shares)				10,805,890		10,805,890	10,805,890	10,805,890
Basic earnings (loss) per share from continuing operations | $ / shares						$ 1.49	$ 1.78	$ (0.12)
Diluted earnings (loss) per share from continuing operations | $ / shares						$ 1.49	$ 1.78	$ (0.12)
Allocation of earnings, weighted				53.89%		53.89%	53.89%	53.89%
Controlling interest | $						$ 12,884	$ 15,356	$ (1,040)
Heineken investment
Disclosure Of Parent Entity Information [line items]
Economic ownership percentage		20%		14.76%		14.76%	14.76%
Coca-Cola FEMSA
Disclosure Of Parent Entity Information [line items]
Percentage of ownership interest of subsidiary				47.20%		47.20%	47.20%
Percentage of voting share in subsidiary				56%		56%	56%
Percentage of shares traded as american depositary shares				25%		25%
Coca-Cola FEMSA | The Coca-Cola company
Disclosure Of Parent Entity Information [line items]
Percentage of ownership interest of subsidiary				27.80%		27.80%
Proximity Division - Americas
Disclosure Of Parent Entity Information [line items]
Percentage of ownership interest of subsidiary				100%		100%	100%
Proximity Europe
Disclosure Of Parent Entity Information [line items]
Percentage of ownership interest of subsidiary				98.15%		98.15%
Fuel Division
Disclosure Of Parent Entity Information [line items]
Percentage of ownership interest of subsidiary				100%		100%	100%
Health Division
Disclosure Of Parent Entity Information [line items]
Percentage of ownership interest of subsidiary				100%		100%	100%
Other businesses
Disclosure Of Parent Entity Information [line items]
Percentage of ownership interest of subsidiary				100%		100%	100%
Valora
Disclosure Of Parent Entity Information [line items]
Percentage of ownership interest of subsidiary	96.87%		98.15%
[1]Convenience translation to U.S. dollars ($) – See Note 2.2.3

Basis of Preparation (Details)

Basis of Preparation (Details) - $ / $	Apr. 14, 2023	Dec. 31, 2022
Disclosure of detailed information about investment property [line items]
Conversion rate of Mexican pesos to U.S. dollars	18.0490	19.4960
Increase decrease in foreign currency exchange rate	7.40%

Significant Accounting Polici_4

Significant Accounting Policies - Foreign Currencies (Details) $ in Millions	12 Months Ended
	Dec. 31, 2022 MXN ($) € / $ S/ / $ $ / $ $ / $ $ / $ Q / $ ₡ / $ $ / $ C$ / $ $ / $ R$ / $ $ / $ $ / €	Dec. 31, 2021 $ / $ C$ / $ $ / $ R$ / $ $ / € $ / $ € / $ S/ / $ $ / $ $ / $ ₡ / $ Q / $ $ / $	Dec. 31, 2020 R$ / $ $ / $ ₡ / $ Q / $ € / $ S/ / $ $ / $ $ / $ C$ / $ $ / $ $ / $	Apr. 14, 2023 $ / $
Significant Accounting Policies [Abstract]
Goodwill arising on acquisition | $	$ 0
Disclosure of significant accounting policies [line items]
Exchange Rate as of	19.4960			18.0490
Guatemalan quetzal | Guatemala
Disclosure of significant accounting policies [line items]
Average Exchange Rate for | Q / $	2.60	2.62	2.78
Exchange Rate as of | Q / $	2.47	2.67
Costa Rica, Colones | Costa Rica
Disclosure of significant accounting policies [line items]
Average Exchange Rate for | ₡ / $	0.03	0.03	0.04
Exchange Rate as of | ₡ / $	0.03	0.03
U.S. dollars
Disclosure of significant accounting policies [line items]
Exchange Rate as of	19.3615	20.5835
U.S. dollars | Panama
Disclosure of significant accounting policies [line items]
Average Exchange Rate for	20.13	20.28	21.49
Exchange Rate as of	19.36	20.58
U.S. dollars | Ecuador
Disclosure of significant accounting policies [line items]
Average Exchange Rate for	20.13	20.28	21.49
Exchange Rate as of	19.36	20.58
U.S. dollars | United States
Disclosure of significant accounting policies [line items]
Average Exchange Rate for	20.13	20.28	21.49
Exchange Rate as of	19.36	20.58
Colombian pesos | Colombia
Disclosure of significant accounting policies [line items]
Average Exchange Rate for	0.01	0.01	0.01
Exchange Rate as of	0.01	0.01
Nicaragua, Cordobas | Nicaragua
Disclosure of significant accounting policies [line items]
Average Exchange Rate for | C$ / $	0.56	0.58	0.63
Exchange Rate as of | C$ / $	0.53	0.58
Argentine pesos | Argentina
Disclosure of significant accounting policies [line items]
Average Exchange Rate for	0.15	0.21	0.31
Exchange Rate as of	0.11	0.20
Brazilian reais | Brazil
Disclosure of significant accounting policies [line items]
Average Exchange Rate for | R$ / $	3.90	3.76	4.18
Exchange Rate as of | R$ / $	3.71	3.69
Chilean pesos | Chile
Disclosure of significant accounting policies [line items]
Average Exchange Rate for	0.02	0.03	0.03
Exchange Rate as of	0.02	0.02
Euros
Disclosure of significant accounting policies [line items]
Exchange Rate as of | $ / €	20.7810	23.2753
Euros | Euro Zone
Disclosure of significant accounting policies [line items]
Average Exchange Rate for | € / $	21.17	24	24.48
Exchange Rate as of | € / $	20.65	23.25
Peru, Nuevos Soles | Peru
Disclosure of significant accounting policies [line items]
Average Exchange Rate for | S/ / $	5.24	5.22	6.15
Exchange Rate as of | S/ / $	5.07	5.15
Uruguay Peso en Unidades Indexadas (UPUI) | Uruguay
Disclosure of significant accounting policies [line items]
Average Exchange Rate for	0.49	0.47	0.51
Exchange Rate as of	0.48	0.46

Significant Accounting Polici_5

Significant Accounting Policies - Effects of Inflation (Details)	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Disclosure of Hyperinflationary Reporting [line items]
Cumulative inflation percentage, threshold for recognition	100%
Mexico
Disclosure of Hyperinflationary Reporting [line items]
Cumulative inflation percentage, actual, during the period	15.70%	13.90%	11.20%
Guatemala
Disclosure of Hyperinflationary Reporting [line items]
Cumulative inflation percentage, actual, during the period	12.60%	11.70%	10.90%
Costa Rica
Disclosure of Hyperinflationary Reporting [line items]
Cumulative inflation percentage, actual, during the period	11.40%	5.80%	4.50%
Panama
Disclosure of Hyperinflationary Reporting [line items]
Cumulative inflation percentage, actual, during the period	4.70%	0.90%	(1.50%)
Colombia
Disclosure of Hyperinflationary Reporting [line items]
Cumulative inflation percentage, actual, during the period	19.50%	11.40%	8.80%
Nicaragua
Disclosure of Hyperinflationary Reporting [line items]
Cumulative inflation percentage, actual, during the period	19.60%	17.10%	13.50%
Argentina
Disclosure of Hyperinflationary Reporting [line items]
Cumulative inflation percentage, actual, during the period	194%	216.10%	209.20%
Brazil
Disclosure of Hyperinflationary Reporting [line items]
Cumulative inflation percentage, actual, during the period	16.40%	20%	13.10%
Euro Zone
Disclosure of Hyperinflationary Reporting [line items]
Cumulative inflation percentage, actual, during the period	14.60%	5.80%	2.40%
Chile
Disclosure of Hyperinflationary Reporting [line items]
Cumulative inflation percentage, actual, during the period	20.90%	13.70%	8.80%
Peru
Disclosure of Hyperinflationary Reporting [line items]
Cumulative inflation percentage, actual, during the period	15.40%	10.60%	6.20%
Ecuador
Disclosure of Hyperinflationary Reporting [line items]
Cumulative inflation percentage, actual, during the period	5.80%	22.80%	(0.70%)
United States
Disclosure of Hyperinflationary Reporting [line items]
Cumulative inflation percentage, actual, during the period	13.80%	11%	3.70%
Uruguay
Disclosure of Hyperinflationary Reporting [line items]
Cumulative inflation percentage, actual, during the period	16.90%	28.50%	28.50%

Significant Accounting Polici_6

Significant Accounting Policies - Other current assets, Property, plant and equipment, Leases (Details) - MXN ($) $ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Retail Stores
Property, Plant and Equipment
Operating lease term	15 years
Bottom of range | Retail Stores
Property, Plant and Equipment
Operating lease term	3 years
Bottom of range | Office Space
Property, Plant and Equipment
Operating lease term	3 years
Top of range | Retail Stores
Property, Plant and Equipment
Operating lease term	5 years
Top of range | Office Space
Property, Plant and Equipment
Operating lease term	5 years
Coca-Cola FEMSA
Property, Plant and Equipment
Amortisation expense	$ 295	$ 219	$ 213
Coca-Cola FEMSA | Glass bottles
Property, Plant and Equipment
Estimated useful lives of principal assets	3 years
Coca-Cola FEMSA | PET bottles
Property, Plant and Equipment
Estimated useful lives of principal assets	1 year 6 months
Coca-Cola FEMSA | Buildings | Bottom of range
Property, Plant and Equipment
Estimated useful lives of principal assets	25 years
Coca-Cola FEMSA | Buildings | Top of range
Property, Plant and Equipment
Estimated useful lives of principal assets	50 years
Coca-Cola FEMSA | Machinery and Equipment | Bottom of range
Property, Plant and Equipment
Estimated useful lives of principal assets	6 years
Coca-Cola FEMSA | Machinery and Equipment | Top of range
Property, Plant and Equipment
Estimated useful lives of principal assets	15 years
Coca-Cola FEMSA | Distribution equipment | Bottom of range
Property, Plant and Equipment
Estimated useful lives of principal assets	4 years
Coca-Cola FEMSA | Distribution equipment | Top of range
Property, Plant and Equipment
Estimated useful lives of principal assets	10 years
Coca-Cola FEMSA | Refrigeration Equipment | Bottom of range
Property, Plant and Equipment
Estimated useful lives of principal assets	6 years
Coca-Cola FEMSA | Refrigeration Equipment | Top of range
Property, Plant and Equipment
Estimated useful lives of principal assets	7 years
Coca-Cola FEMSA | Returnable Bottles | Bottom of range
Property, Plant and Equipment
Estimated useful lives of principal assets	1 year 6 months
Coca-Cola FEMSA | Returnable Bottles | Top of range
Property, Plant and Equipment
Estimated useful lives of principal assets	3 years
Coca-Cola FEMSA | Leasehold Improvements
Property, Plant and Equipment
Estimated useful lives of principal assets	21 years
Coca-Cola FEMSA | Information technology equipment | Bottom of range
Property, Plant and Equipment
Estimated useful lives of principal assets	3 years
Coca-Cola FEMSA | Information technology equipment | Top of range
Property, Plant and Equipment
Estimated useful lives of principal assets	5 years
Coca-Cola FEMSA | Other equipment | Bottom of range
Property, Plant and Equipment
Estimated useful lives of principal assets	3 years
Coca-Cola FEMSA | Other equipment | Top of range
Property, Plant and Equipment
Estimated useful lives of principal assets	15 years

Significant Accounting Polici_7

Significant Accounting Policies - Intangibles, Impairment, Benefits, Selling, Taxes (Details) $ in Millions, $ in Millions		12 Months Ended								24 Months Ended
	Jan. 01, 2020	Dec. 31, 2023	Dec. 31, 2022 USD ($) agreements item age		Dec. 31, 2022 MXN ($) agreements item age	Dec. 31, 2021 MXN ($)	Dec. 31, 2020 MXN ($)	Dec. 31, 2019	Dec. 31, 2017	Dec. 31, 2019
Disclosure of significant accounting policies [line items]
Useful life measured as period of time, intangible assets other than goodwill			15 years		15 years
Intangible assets renewable term			10 years		10 years
Impairment of long-lived assets			$ 43	[1]	$ 833	$ 1,427	$ 5,102
Number of years of service for retirement benefits			10 years		10 years
Benefit payment, number of days wages | item			12		12
Years of service for seniority retirement benefits			15 years		15 years
Distribution costs | $					$ 30,721	$ 26,023	$ 24,190
Income tax rate			30%		30%	30%	30%
Long-term alcohol licenses
Disclosure of significant accounting policies [line items]
Useful life measured as period of time, intangible assets other than goodwill			12 years		12 years
Bottom of range | Customer relationships
Disclosure of significant accounting policies [line items]
Useful life measured as period of time, intangible assets other than goodwill			5 years		5 years
Bottom of range | Information technology and management system costs
Disclosure of significant accounting policies [line items]
Useful life measured as period of time, intangible assets other than goodwill			3 years		3 years
Top of range | Customer relationships
Disclosure of significant accounting policies [line items]
Useful life measured as period of time, intangible assets other than goodwill			25 years		25 years
Top of range | Information technology and management system costs
Disclosure of significant accounting policies [line items]
Useful life measured as period of time, intangible assets other than goodwill			10 years		10 years
Mexico
Disclosure of significant accounting policies [line items]
Number of bottling agreements			4		4
Minimum age for retirement benefits | age			60		60
Income tax rate	30%		30%		30%	30%	30%
Mexico | Forecast
Disclosure of significant accounting policies [line items]
Income tax rate		30%
Brazil
Disclosure of significant accounting policies [line items]
Number of bottling agreements			1		1
Guatemala
Disclosure of significant accounting policies [line items]
Number of bottling agreements			1		1
Number of bottling agreements, after renewal			2		2
Argentina
Disclosure of significant accounting policies [line items]
Number of bottling agreements			1		1
Income tax rate						35%	25%		35%	30%
Colombia
Disclosure of significant accounting policies [line items]
Number of bottling agreements			1		1
Income tax rate			35%		35%	30%	32%	33%
Colombia | Bottom of range
Disclosure of significant accounting policies [line items]
Income tax rate						31%
Panama | Bottom of range
Disclosure of significant accounting policies [line items]
Number of bottling agreements			1		1
Costa Rica
Disclosure of significant accounting policies [line items]
Number of bottling agreements			1		1
Nicaragua
Disclosure of significant accounting policies [line items]
Number of bottling agreements			1		1
Uruguay
Disclosure of significant accounting policies [line items]
Number of bottling agreements			1		1
Venezuela
Disclosure of significant accounting policies [line items]
Number of bottling agreements			1		1
[1]Convenience translation to U.S. dollars ($) – See Note 2.2.3

Business Combinations and Dis_3

Business Combinations and Disposals - Acquisition Information (Details) $ in Millions		12 Months Ended
	Jan. 01, 2022 MXN ($)	Dec. 31, 2022 MXN ($)	Dec. 31, 2021 MXN ($)	Dec. 31, 2020 MXN ($) distributionCenter customer	Nov. 30, 2022 MXN ($)	Oct. 31, 2022 MXN ($)	May 31, 2022 MXN ($)	Feb. 28, 2022 MXN ($)	Jan. 31, 2022 MXN ($)	May 15, 2020 MXN ($)
Disclosure of detailed information about business combination [line items]
Deductibe goodwill, tax purposes, period		15 years
Revenue of combined entity as if combination occurred at beginning of period		$ 730,624	$ 565,838	$ 508,367
Customer relationships
Disclosure of detailed information about business combination [line items]
Goodwill and intangible assets, pending of allocation percentage		28%
CVI Refrigerants Ltda.
Disclosure of detailed information about business combination [line items]
Business acquisition, percentage of voting equity interests acquired									100%
Business acquisition, consideration transferred									$ 1,947
Cash and cash equivalents recognised as of acquisition date									$ 104
Total revenues		$ 1,923
Revenue of combined entity as if combination occurred at beginning of period	$ 226,929
Valora
Disclosure of detailed information about business combination [line items]
Business acquisition, percentage of voting equity interests acquired						96.87%
Business acquisition, consideration transferred						$ 22,475
Cash and cash equivalents recognised as of acquisition date						$ 1,971
Total revenues		10,064
Sigma Supply
Disclosure of detailed information about business combination [line items]
Business acquisition, percentage of voting equity interests acquired							100%
Business acquisition, consideration transferred							$ 8,118
Cash and cash equivalents recognised as of acquisition date							$ 15
Total revenues		$ 5,718
Acquisition Of WAXIE Sanitary Supply And North American Corporation
Disclosure of detailed information about business combination [line items]
Business acquisition, percentage of voting equity interests acquired				89.50%
Business acquisition, consideration transferred				$ 20,233						$ 20,233
Number of distribution centers | distributionCenter				26
Threshold number of customers served in various industries | customer				27,000
Cash and cash equivalents recognised as of acquisition date										$ 138
Total revenues				$ 11,275
Atra, Hughes, Sunbelt, H.T. Berry, and Other Smaller Acquistions
Disclosure of detailed information about business combination [line items]
Business acquisition, percentage of voting equity interests acquired		100%
Business acquisition, consideration transferred		$ 8,171
Cash and cash equivalents recognised as of acquisition date		198
Total revenues		2,148
Daycon, PJP, Next-Gen, Johnston Paper, And Other Smaller Acquisitons
Disclosure of detailed information about business combination [line items]
Business acquisition, percentage of voting equity interests acquired			100%
Business acquisition, consideration transferred			$ 9,949
Increase (decrease) in amounts allocated to assets in acquisition		3,068
Cash and cash equivalents recognised as of acquisition date			337
Total revenues			$ 2,187
Daycon, PJP, Next-Gen, Johnston Paper, And Other Smaller Acquisitons | Customer relationships
Disclosure of detailed information about business combination [line items]
Increase (decrease) in amounts allocated to assets in acquisition		2,864
Daycon, PJP, Next-Gen, Johnston Paper, And Other Smaller Acquisitons | Trademark
Disclosure of detailed information about business combination [line items]
Increase (decrease) in amounts allocated to assets in acquisition		58
Daycon, PJP, Next-Gen, Johnston Paper, And Other Smaller Acquisitons | Goodwill
Disclosure of detailed information about business combination [line items]
Increase (decrease) in amounts allocated to assets in acquisition		(2,395)
Southeastern Paper Group, Inc
Disclosure of detailed information about business combination [line items]
Business acquisition, percentage of voting equity interests acquired				100%
Business acquisition, consideration transferred				$ 2,984
Southeastern Paper Group, Inc | Customer relationships
Disclosure of detailed information about business combination [line items]
Increase (decrease) in amounts allocated to assets in acquisition				798
Southeastern Paper Group, Inc | Trademark
Disclosure of detailed information about business combination [line items]
Increase (decrease) in amounts allocated to assets in acquisition				60
Southeastern Paper Group, Inc | Noncurrent Asset
Disclosure of detailed information about business combination [line items]
Increase (decrease) in amounts allocated to assets in acquisition				92
Southeastern Paper Group, Inc | Goodwill
Disclosure of detailed information about business combination [line items]
Increase (decrease) in amounts allocated to assets in acquisition				$ (944)
OK Market
Disclosure of detailed information about business combination [line items]
Business acquisition, percentage of voting equity interests acquired								100%
Business acquisition, consideration transferred								$ 1,269
Cash and cash equivalents recognised as of acquisition date								$ 6
Total revenues		$ 2,635
Agua Cristal
Disclosure of detailed information about business combination [line items]
Business acquisition, percentage of voting equity interests acquired					100%
Business acquisition, consideration transferred					$ 699

Business Combinations and Dis_4

Business Combinations and Disposals - Purchase Allocation (Details) - MXN ($) $ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2020	Nov. 30, 2022	Oct. 31, 2022	May 31, 2022	Feb. 28, 2022	Jan. 31, 2022	Dec. 31, 2021	May 15, 2020
Disclosure of detailed information about business combination [line items]
Goodwill arising on acquisition	$ 0
CVI Refrigerants Ltda.
Disclosure of detailed information about business combination [line items]
Total current assets							$ 615
Total non-current assets							972
Assets recognised as of acquisition date							2,481
Liabilities recognised as of acquisition date							(731)
Identifiable assets acquired (liabilities assumed)							1,750
Goodwill arising on acquisition							197
Business acquisition, consideration transferred							1,947
Amount to be paid							(186)
Net payment on acquisition date							1,761
Cash aquired							(104)
Net cash paid							$ 1,657
Business acquisition, percentage of voting equity interests acquired							100%
CVI Refrigerants Ltda. | Distribution rights
Disclosure of detailed information about business combination [line items]
Identifiable intangible assets recognised as of acquisition date							$ 894
Valora
Disclosure of detailed information about business combination [line items]
Total current assets				$ 8,536
Right of use assets				18,820
Total non-current assets				8,515
Assets recognised as of acquisition date				36,908
Liabilities recognised as of acquisition date				(34,733)
Identifiable assets acquired (liabilities assumed)				2,175
Goodwill arising on acquisition				20,361
Non-controlling interest in acquiree recognised at acquisition date				(61)
Business acquisition, consideration transferred				22,475
Cash aquired				(1,971)
Net cash paid				$ 20,504
Business acquisition, percentage of voting equity interests acquired				96.87%
Valora | Trademark
Disclosure of detailed information about business combination [line items]
Identifiable intangible assets recognised as of acquisition date				$ 1,037
Sigma Supply
Disclosure of detailed information about business combination [line items]
Total current assets					$ 46
Accounts receivable					1,255
Inventory					1,391
Total non-current assets					24
Assets recognised as of acquisition date					2,716
Liabilities recognised as of acquisition date					(560)
Identifiable assets acquired (liabilities assumed)					2,156
Goodwill arising on acquisition					5,962
Business acquisition, consideration transferred					8,118
Cash aquired					(15)
Net cash paid					$ 8,103
Business acquisition, percentage of voting equity interests acquired					100%
Acquisition Of WAXIE Sanitary Supply And North American Corporation
Disclosure of detailed information about business combination [line items]
Total current assets									$ 2,162
Identifiable intangible assets recognised as of acquisition date									10,698
Total non-current assets									1,954
Assets recognised as of acquisition date									14,814
Liabilities recognised as of acquisition date									(3,523)
Identifiable assets acquired (liabilities assumed)									11,291
Goodwill arising on acquisition									10,241
Non-controlling interest in acquiree recognised at acquisition date									(1,299)
Business acquisition, consideration transferred		$ 20,233							20,233
Cash aquired									(138)
Net cash paid									$ 20,095
Business acquisition, percentage of voting equity interests acquired		89.50%
Agua Cristal
Disclosure of detailed information about business combination [line items]
Business acquisition, consideration transferred			$ 699
Business acquisition, percentage of voting equity interests acquired			100%
Agua Cristal | Goodwill
Disclosure of detailed information about business combination [line items]
Identifiable intangible assets recognised as of acquisition date	8
Agua Cristal | Property, plant and equipment, net
Disclosure of detailed information about business combination [line items]
Identifiable intangible assets recognised as of acquisition date	448
Agua Cristal | Distribution rights
Disclosure of detailed information about business combination [line items]
Identifiable intangible assets recognised as of acquisition date	228
OK Market
Disclosure of detailed information about business combination [line items]
Total current assets						$ 463
Total non-current assets						1,238
Assets recognised as of acquisition date						1,701
Liabilities recognised as of acquisition date						(1,055)
Identifiable assets acquired (liabilities assumed)						646
Goodwill arising on acquisition						623
Business acquisition, consideration transferred						1,269
Cash aquired						(6)
Net cash paid						$ 1,263
Business acquisition, percentage of voting equity interests acquired						100%
Atra, Hughes, Sunbelt, H.T. Berry, and Other Smaller Acquistions
Disclosure of detailed information about business combination [line items]
Total current assets	2,023
Total non-current assets	489
Assets recognised as of acquisition date	2,512
Liabilities recognised as of acquisition date	(838)
Identifiable assets acquired (liabilities assumed)	1,674
Goodwill arising on acquisition	6,497
Business acquisition, consideration transferred	8,171
Cash aquired	(198)
Net cash paid	$ 7,973
Business acquisition, percentage of voting equity interests acquired	100%
Daycon, PJP, Next-Gen, Johnston Paper, And Other Smaller Acquisitons
Disclosure of detailed information about business combination [line items]
Total current assets								$ 2,795
Total non-current assets								1,594
Assets recognised as of acquisition date								7,311
Liabilities recognised as of acquisition date								(2,907)
Identifiable assets acquired (liabilities assumed)								4,404
Goodwill arising on acquisition								5,545
Business acquisition, consideration transferred								9,949
Cash aquired								(337)
Net cash paid								$ 9,612
Increase (decrease) in amounts allocated to assets in acquisition	$ 3,068
Business acquisition, percentage of voting equity interests acquired								100%
Daycon, PJP, Next-Gen, Johnston Paper, And Other Smaller Acquisitons | Goodwill
Disclosure of detailed information about business combination [line items]
Increase (decrease) in amounts allocated to assets in acquisition	(2,395)
Daycon, PJP, Next-Gen, Johnston Paper, And Other Smaller Acquisitons | Trademark
Disclosure of detailed information about business combination [line items]
Identifiable intangible assets recognised as of acquisition date								$ 58
Increase (decrease) in amounts allocated to assets in acquisition	58
Daycon, PJP, Next-Gen, Johnston Paper, And Other Smaller Acquisitons | Customer relationships
Disclosure of detailed information about business combination [line items]
Identifiable intangible assets recognised as of acquisition date								$ 2,864
Increase (decrease) in amounts allocated to assets in acquisition	$ 2,864
Southeastern Paper Group, Inc
Disclosure of detailed information about business combination [line items]
Business acquisition, consideration transferred		$ 2,984
Business acquisition, percentage of voting equity interests acquired		100%
Southeastern Paper Group, Inc | Goodwill
Disclosure of detailed information about business combination [line items]
Increase (decrease) in amounts allocated to assets in acquisition		$ (944)
Southeastern Paper Group, Inc | Trademark
Disclosure of detailed information about business combination [line items]
Increase (decrease) in amounts allocated to assets in acquisition		60
Southeastern Paper Group, Inc | Customer relationships
Disclosure of detailed information about business combination [line items]
Increase (decrease) in amounts allocated to assets in acquisition		$ 798

Business Combinations and Dis_5

Business Combinations and Disposals - Income Statement Information (Details) - MXN ($) $ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Valora
Disclosure of detailed information about business combination [line items]
Total revenues	$ 10,064
Income before income taxes	229
Net income (loss)	(72)
Sigma Supply
Disclosure of detailed information about business combination [line items]
Total revenues	5,718
Income before income taxes	463
Net income (loss)	463
Acquisition Of WAXIE Sanitary Supply And North American Corporation
Disclosure of detailed information about business combination [line items]
Total revenues			$ 11,275
Income before income taxes			525
Net income (loss)			$ 498
Atra, Hughes, Sunbelt, H.T. Berry, and Other Smaller Acquistions
Disclosure of detailed information about business combination [line items]
Total revenues	2,148
Income before income taxes	115
Net income (loss)	115
Daycon, PJP, Next-Gen, Johnston Paper, And Other Smaller Acquisitons
Disclosure of detailed information about business combination [line items]
Total revenues		$ 2,187
Income before income taxes		46
Net income (loss)		$ 46
OK Market
Disclosure of detailed information about business combination [line items]
Total revenues	2,635
Income before income taxes	314
Net income (loss)	$ 204

Business Combinations and Dis_6

Business Combinations and Disposals - Unaudited Pro Forma Financial Information (Details) - MXN ($) $ / shares in Units, $ in Millions		12 Months Ended
	Jan. 01, 2022	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020	Jan. 31, 2022
Disclosure of detailed information about business combination [line items]
Total revenues		$ 730,624	$ 565,838	$ 508,367
Income before income taxes and share of the profit of equity accounted investees		43,318	41,313	20,019
Net income		$ 34,864	$ 37,800	$ 4,464
CVI Refrigerants Ltda.
Disclosure of detailed information about business combination [line items]
Total revenues	$ 226,929
Cash and cash equivalents recognised as of acquisition date					$ 104
Series B | Aggregated individually immaterial business combinations
Disclosure of detailed information about business combination [line items]
Basic net controlling interest income per share		$ 1,200,000	$ 1,430,000	$ (60,000)
Series D | Aggregated individually immaterial business combinations
Disclosure of detailed information about business combination [line items]
Basic net controlling interest income per share		$ 1,500,000	$ 1,780,000	$ (80,000)

Business Combinations and Dis_7

Business Combinations and Disposals- Disposals (Details) $ in Millions	12 Months Ended
	Dec. 31, 2020 MXN ($)
Specialty's Caf & Bakery, Inc
Disclosure of analysis of single amount of discontinued operations [line items]
Impairment of long-lived assets	$ 2,021

Cash and Cash Equivalents (Deta

Cash and Cash Equivalents (Details) $ in Millions, $ in Millions	Dec. 31, 2022 USD ($)	[1]	Dec. 31, 2022 MXN ($)	Dec. 31, 2021 USD ($)	[1]	Dec. 31, 2021 MXN ($)	Dec. 31, 2020 MXN ($)	Dec. 31, 2019 MXN ($)
Cash and cash equivalents [abstract]
Cash and bank balances			$ 39,598			$ 32,145
Cash equivalents (see Note 3.5)			43,841			65,262
Cash and cash equivalents	$ 4,280		$ 83,439	$ 4,996		$ 97,407	$ 107,624	$ 65,562
[1]Convenience translation to U.S. dollars ($) – See Note 2.2.3

Investment (Details)

Investment (Details) $ in Millions, $ in Millions	Dec. 31, 2022 USD ($)	[1]	Dec. 31, 2022 MXN ($)	Dec. 31, 2021 MXN ($)
Investments
Total investments	$ 3		$ 51	$ 24,415
Corporate Debt Securities | Fixed interest rate
Investments
Acquisition cost			21	24,396
Accrued interest			$ 30	$ 19
[1]Convenience translation to U.S. dollars ($) – See Note 2.2.3

Trade Accounts Receivable, Ne_2

Trade Accounts Receivable, Net (Details) $ in Millions, $ in Millions	12 Months Ended
	Dec. 31, 2022 USD ($)		Dec. 31, 2022 MXN ($)	Dec. 31, 2021 MXN ($)
Trade Accounts Receivable, Net
Loans to employees			$ 131	$ 118
Others			6,355	3,156
Trade accounts receivable, Net	$ 2,335	[1]	$ 45,527	33,898
Expected credit loss percentage	13%		13%
Gross carrying amount
Trade Accounts Receivable, Net
Trade accounts receivable			$ 39,331	30,564
Accumulated impairment
Trade Accounts Receivable, Net
Trade accounts receivable, Net			(2,238)	(1,951)
The Coca-Cola company
Trade Accounts Receivable, Net
Current receivables due from related parties			776	820
Heineken investment
Trade Accounts Receivable, Net
Current receivables due from related parties			$ 1,172	$ 1,191
Top of range
Trade Accounts Receivable, Net
Percentage of unrecoverable trade accounts receivables	5%
[1]Convenience translation to U.S. dollars ($) – See Note 2.2.3

Trade Accounts Receivable, Ne_3

Trade Accounts Receivable, Net - Aging of Accounts Receivable (Details) - Gross carrying amount - Trade receivables - MXN ($) $ in Millions	Dec. 31, 2022	Dec. 31, 2021
Trade Accounts Receivable, Net
Accounts receivable	$ 47,765	$ 35,849
Current
Trade Accounts Receivable, Net
Accounts receivable	36,978	28,523
0‑30 days
Trade Accounts Receivable, Net
Accounts receivable	7,517	4,108
31‑60 days
Trade Accounts Receivable, Net
Accounts receivable	1,037	622
61‑90 days
Trade Accounts Receivable, Net
Accounts receivable	463	373
91‑120 days
Trade Accounts Receivable, Net
Accounts receivable	291	748
120+ days
Trade Accounts Receivable, Net
Accounts receivable	$ 1,479	$ 1,475

Trade Accounts Receivable, Ne_4

Trade Accounts Receivable, Net - Changes in Allowance for Expected Credit Losses (Details) - MXN ($) $ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Trade Accounts Receivable, Net
Balance at the beginning of the period	$ 1,951	$ 2,462	$ 2,189
Allowance for the period	1,060	496	591
Additions (write-offs) of uncollectible accounts	(945)	(821)	(613)
Addition from business combinations	166	0	273
Effects of changes in foreign exchange rates	6	(186)	22
Balance at the end of the period	$ 2,238	$ 1,951	$ 2,462

Trade Accounts Receivable, Ne_5

Trade Accounts Receivable, Net - Receivable from Coca-Cola (Details) - MXN ($) $ in Millions	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
The Coca-Cola company
Trade Accounts Receivable, Net
Contributions from related parties	$ 1,170	$ 2,437	$ 1,482

Inventories -Summary (Details)

Inventories -Summary (Details) $ in Millions, $ in Millions	12 Months Ended
	Dec. 31, 2022 MXN ($)	Dec. 31, 2021 MXN ($)	Dec. 31, 2020 MXN ($)	Dec. 31, 2022 USD ($)	[1]	Dec. 31, 2022 MXN ($)
Inventories [Abstract]
Finished products		$ 40,742				$ 53,185
Raw materials		6,138				6,383
Spare parts		1,109				1,159
Work in process		960				1,028
Inventories in transit		1,947				469
Total inventories		50,896		$ 3,192		$ 62,224
Inventory write-downs	$ 2,040	$ 1,871	$ 2,046
[1]Convenience translation to U.S. dollars ($) – See Note 2.2.3

Inventories - Changes in Invent

Inventories - Changes in Inventories (Details) - MXN ($) $ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Inventories [Abstract]
Changes in inventories of finished goods and work in progress	$ 270,345	$ 246,134	$ 209,410
Raw materials and consumables used	114,857	85,286	79,896
Total	$ 385,202	$ 331,420	$ 289,306

Other Current Assets and Othe_3

Other Current Assets and Other Current Financial Assets - Other Current Assets (Details) - MXN ($) $ in Millions	Dec. 31, 2022	Dec. 31, 2021
Current assets [abstract]
Prepaid expenses	$ 3,953	$ 3,115
Agreements with customers	208	111
Licenses	247	218
Assets classified as held for sale	27	10
Other	43	77
Other current assets	$ 4,478	$ 3,531

Other Current Assets and Othe_4

Other Current Assets and Other Current Financial Assets - Prepaid Expenses (Details) - MXN ($) $ in Millions	Dec. 31, 2022	Dec. 31, 2021
Current assets [abstract]
Advances for inventories	$ 1,964	$ 2,110
Advertising and promotional expenses paid in advance	119	105
Advances to service suppliers	44	81
Prepaid leases	64	118
Prepaid insurance	332	284
Others	1,430	417
Current prepaid expenses	$ 3,953	$ 3,115

Other Current Assets and Othe_5

Other Current Assets and Other Current Financial Assets - Other Current Financial Assets (Details) $ in Millions, $ in Millions	12 Months Ended
	Dec. 31, 2022 MXN ($)	Dec. 31, 2021 MXN ($)	Dec. 31, 2020 MXN ($)	Dec. 31, 2022 USD ($)	[1]	Dec. 31, 2022 MXN ($)
Other Current Assets and Other Current Financial Assets
Prepaid advertising and promotional expenses	$ 5,768	$ 7,586	$ 7,471
Restricted cash		688				$ 1,103
Current derivative financial assets		1,629				10,061
Note receivables		163				205
Other current financial assets		2,480		$ 583		11,369
U.S. dollars
Other Current Assets and Other Current Financial Assets
Restricted cash		685				1,095
Chilean pesos
Other Current Assets and Other Current Financial Assets
Restricted cash		$ 3				$ 8
[1]Convenience translation to U.S. dollars ($) – See Note 2.2.3

Equity Method Accounted Inves_3

Equity Method Accounted Investees - Summary of Equity Accounted Investees (Details) $ in Millions, $ in Millions	12 Months Ended
	Dec. 31, 2022 USD ($)		Dec. 31, 2021 MXN ($)	Dec. 31, 2022 MXN ($)	Dec. 31, 2020 MXN ($)
Equity Method Accounted Investees
Economic ownership percentage	14.80%		14.80%
Carrying Value	$ 5,317	[1]	$ 107,299	$ 103,669	$ 98,270
Promotora Industrial Azucarera, S.A. de C.V. (“PIASA”)
Equity Method Accounted Investees
Economic ownership percentage	36.40%		36.40%
Carrying Value			$ 3,348	3,632
Industria Envasadora de Querétaro, S.A. de C.V. (“IEQSA”)
Equity Method Accounted Investees
Economic ownership percentage	26.50%		26.50%
Carrying Value			$ 178	157
Industria Mexicana de Reciclaje, S.A. de C.V. (“IMER”)
Equity Method Accounted Investees
Economic ownership percentage	35%		35%
Carrying Value			$ 102	100
Jugos del Valle, S.A.P.I. de C.V.
Equity Method Accounted Investees
Economic ownership percentage	29.30%		28.80%
Carrying Value			$ 2,128	2,267
Leao Alimentos e Bebidas, L.T.D.A.
Equity Method Accounted Investees
Economic ownership percentage	25.10%		24.70%
Carrying Value			$ 404	388
TROP Frutas do Brasil S.A. (“TROP”)
Equity Method Accounted Investees
Economic ownership percentage	23.90%		23.60%
Carrying Value			$ 55	13
Alimentos de Soja S.A.U.
Equity Method Accounted Investees
Economic ownership percentage	10.70%		10.70%
Carrying Value			$ 263	282
Other investments in Coca-Cola FEMSA
Equity Method Accounted Investees
Carrying Value			$ 116	94
Raizen Conveniências
Equity Method Accounted Investees
Economic ownership percentage	50%		50%
Carrying Value			$ 2,567	2,371
Dispensadoras de Café, S.A.P.I. de C.V.
Equity Method Accounted Investees
Ownership Percentage, Joint venture	50%		50%
Carrying Value			$ 183	189
Fountain Agua Mineral, L.T.D.A.
Equity Method Accounted Investees
Ownership Percentage, Joint venture	50%		50%
Carrying Value			$ 699	752
Planta Nueva Ecología De Tabasco, S.A. de C.V.
Equity Method Accounted Investees
Ownership Percentage, Joint venture	50%		50%
Carrying Value			$ 18	578
Other investments
Equity Method Accounted Investees
Carrying Value			$ 889	564
Heineken investment
Equity Method Accounted Investees
Economic ownership percentage	14.76%		14.76%
Carrying Value			$ 96,349	$ 92,282
Heineken Company
Equity Method Accounted Investees
Economic ownership percentage	8.63%		8.63%
Heineken Holding N.V.
Equity Method Accounted Investees
Economic ownership percentage	12.26%		12.26%
[1]Convenience translation to U.S. dollars ($) – See Note 2.2.3

Equity Method Accounted Inves_4

Equity Method Accounted Investees - Activity (Details) € / shares in Units, € in Millions, $ in Millions, $ in Millions				1 Months Ended	12 Months Ended
	Sep. 30, 2020	Sep. 18, 2017 € / shares shares	Apr. 30, 2010	Sep. 30, 2020	Dec. 31, 2022 MXN ($)	Dec. 31, 2022 EUR (€)	Dec. 31, 2021 MXN ($)	Dec. 31, 2021 EUR (€)	Dec. 31, 2020 MXN ($)	Dec. 31, 2020 EUR (€)	Dec. 31, 2022 USD ($)	[1]	Dec. 31, 2022 MXN ($)
Disclosure of Investments in Subsidiaries Joint Ventures and Associates [Line items]
Capital contribution							$ 3,348				$ 172		$ 3,347
Economic ownership percentage					14.80%	14.80%	14.80%	14.80%
Estrella Azul
Disclosure of Investments in Subsidiaries Joint Ventures and Associates [Line items]
Portion of investment sold	100%			100%
Compania Panamena de Bebidas, S.A.P.I. de C.V.
Disclosure of Investments in Subsidiaries Joint Ventures and Associates [Line items]
Impairment loss on investments									$ 1,463
Financial asset recognized on sale							$ 5						5
Leao Alimentos y Bebidas LTDA
Disclosure of Investments in Subsidiaries Joint Ventures and Associates [Line items]
Capital reduction							46
Impairment loss on investments									1,038
Industria Envasadora de Quertaro, S.A. de C.V. (IEQSA)
Disclosure of Investments in Subsidiaries Joint Ventures and Associates [Line items]
Dividends received					$ 16		$ 16
Promotora Industrial Azucarera, S.A. de C.V. (“PIASA”)
Disclosure of Investments in Subsidiaries Joint Ventures and Associates [Line items]
Economic ownership percentage					36.40%	36.40%	36.40%	36.40%
Heineken investment
Disclosure of Investments in Subsidiaries Joint Ventures and Associates [Line items]
Dividends received					$ 2,635		$ 2,005		2,322
Portion of investment sold		5.20%
Economic ownership percentage			20%		14.76%	14.76%	14.76%	14.76%
Equity income recognized from ownership interest, net of tax					$ 7,359		$ 10,775		(434)
Share of net income exclusive of amortisation adjustments					$ 8,316	€ 396	11,635	€ 491	$ (842)	€ (30)
Heineken Company
Disclosure of Investments in Subsidiaries Joint Ventures and Associates [Line items]
Number of shares sold | shares		22,485,000
Share price | € / shares		€ 84.50
Heineken Holding N.V.
Disclosure of Investments in Subsidiaries Joint Ventures and Associates [Line items]
Number of shares sold | shares		7,700,000
Share price | € / shares		€ 78
Jugos del Valle, S.A.P.I. de C.V.
Disclosure of Investments in Subsidiaries Joint Ventures and Associates [Line items]
Capital contribution							$ 44						$ 560
Economic ownership percentage					29.30%	29.30%	28.80%	28.80%
TROP Frutas do Brasil LTDA.
Disclosure of Investments in Subsidiaries Joint Ventures and Associates [Line items]
Impairment loss on investments							$ 250,000
[1]Convenience translation to U.S. dollars ($) – See Note 2.2.3

Equity Method Accounted Inves_5

Equity Method Accounted Investees - Summarized Financial Information (Details) € in Millions, $ in Millions, $ in Millions	12 Months Ended
	Dec. 31, 2022 USD ($)	[1]	Dec. 31, 2022 MXN ($)	Dec. 31, 2022 EUR (€)	Dec. 31, 2021 MXN ($)	Dec. 31, 2021 EUR (€)	Dec. 31, 2020 MXN ($)	Dec. 31, 2022 MXN ($)	Dec. 31, 2022 EUR (€)	Dec. 31, 2021 EUR (€)	Dec. 31, 2019 MXN ($)
Equity Method Accounted Investees
Total current assets	$ 11,616				$ 230,718			$ 226,449
Total non-current assets	29,357				506,782			572,366
Total current liabilities	9,073				136,723			176,922
Total non-current liabilities	14,572				265,660			284,092
Total equity	17,328				335,117		$ 307,187	337,801			$ 325,751
Equity attributable to equity holders	13,471				262,601			262,604
Other comprehensive income	(765)		$ (14,932)		3,560		(7,321)
Total comprehensive income	1,019		19,811		41,238		(3,565)
Total comprehensive income attributable to equity holders	$ 576		11,175		32,423		$ (3,458)
Heineken investment
Equity Method Accounted Investees
Total current assets					222,653			227,481	€ 11,015	€ 9,578
Total non-current assets					912,929			854,803	41,391	39,272
Total current liabilities					281,141			293,050	14,190	12,094
Total non-current liabilities					396,489			336,543	16,296	17,056
Total equity					457,952			452,690	21,920	19,700
Equity attributable to equity holders					403,463			$ 403,765	€ 19,551	€ 17,356
Total revenue and other income			598,072	€ 28,866	555,269	€ 23,462
Total cost and expenses			509,333	24,583	449,171	18,979
Net income			62,965	3,039	83,662	3,535
Net income attributable to equity holders			55,568	2,682	78,668	3,324
Other comprehensive income			6,257	302	31,713	1,340
Total comprehensive income			69,222	3,341	115,375	4,875
Total comprehensive income attributable to equity holders			$ 62,965	€ 3,039	$ 107,968	€ 4,562
[1]Convenience translation to U.S. dollars ($) – See Note 2.2.3

Equity Method Accounted Inves_6

Equity Method Accounted Investees - Reconciliation from Equity to Investment (Details) € in Millions, $ in Millions, $ in Millions		12 Months Ended
	Apr. 30, 2010	Dec. 31, 2022 MXN ($)	Dec. 31, 2021 MXN ($)	Dec. 31, 2020 MXN ($)	Apr. 14, 2023 EUR (€)	Dec. 31, 2022 USD ($)	[1]	Dec. 31, 2022 MXN ($)	Dec. 31, 2022 EUR (€)	Dec. 31, 2021 EUR (€)
Equity Method Accounted Investees
Equity attributable to equity holders			$ 262,601			$ 13,471		$ 262,604
Economic ownership percentage		14.80%	14.80%
Coca-Cola FEMSA
Equity Method Accounted Investees
Net income corresponding to the immaterial associates		$ 194	$ 85	$ (124)
Net income (loss) corresponding to the immaterial joint ventures		$ 192	3	(157)
Heineken investment
Equity Method Accounted Investees
Equity attributable to equity holders			$ 403,463					403,765	€ 19,551	€ 17,356
Economic ownership percentage	20%	14.76%	14.76%
Investment in Heineken investment exclusive of goodwill and other adjustments			$ 59,534					59,560	2,884	2,561
Effects of fair value determined by purchase price allocation			16,342					14,528	704	703
Goodwill			20,473					18,194	881	881
Heineken investment			96,349					92,282	4,469	4,145
Fair value of investment			181,059		€ 8,090			$ 143,638	€ 6,912	€ 7,779
Dividends received		$ 2,635	$ 2,005	$ 2,322
[1]Convenience translation to U.S. dollars ($) – See Note 2.2.3

Equity Method Accounted Inves_7

Equity Method Accounted Investees - Share of OCI (Details) $ in Millions, $ in Millions	12 Months Ended
	Dec. 31, 2022 USD ($)	[1]	Dec. 31, 2022 MXN ($)	Dec. 31, 2021 MXN ($)	Dec. 31, 2020 MXN ($)
Items that may be reclassified to consolidated net income:
Total	$ 122		$ 2,369	$ 2,925	$ (5,948)
Items that may not be reclassified to consolidated net income in subsequent periods:
Remeasurements of the Net Defined Benefit Liability	$ 34		661	296	(474)
Equity investments
Items that may be reclassified to consolidated net income:
Fair value changes			(286)	32	(14)
Exchange differences on translation of foreign operation			2,655	2,893	(5,934)
Total			2,369	2,925	(5,948)
Items that may not be reclassified to consolidated net income in subsequent periods:
Remeasurements of the Net Defined Benefit Liability			$ 267	$ 590	$ (111)
[1]Convenience translation to U.S. dollars ($) – See Note 2.2.3

Property, Plant and Equipment_2

Property, Plant and Equipment (Details) $ in Millions, $ in Millions	12 Months Ended
	Dec. 31, 2022 USD ($)	[1]	Dec. 31, 2022 MXN ($)	Dec. 31, 2021 MXN ($)	Dec. 31, 2020 MXN ($)
Property, Plant and Equipment
Beginning balance			$ 115,147	$ 113,106
Ending balance	$ 6,873		134,001	115,147	$ 113,106
Amount payable to suppliers for property, plant and equipment			2,278	3,784	289
Gross carrying amount
Property, Plant and Equipment
Beginning balance			203,847	196,741	188,260
Additions			33,184	21,453	18,659
Additions from business acquisitions			6,955	86	488
Changes in the fair value of past acquisitions			(51)	58	59
Transfer (to)/from assets classified as held for sale			107	(56)	(449)
Effects of changes in foreign exchange rates			(6,677)	(4,136)	(5,158)
Effects on the recognition of inflation effects			5,250	2,990	1,824
Ending balance			236,775	203,847	196,741
Gross carrying amount | Specialty's Caf & Bakery, Inc
Property, Plant and Equipment
Disposals					(1,835)
Gross carrying amount | PHILIPPINES
Property, Plant and Equipment
Disposals			(5,626)	(13,401)	(6,005)
Accumulated depreciation, amortisation and impairment
Property, Plant and Equipment
Beginning balance			(88,700)	(83,635)	(73,747)
Depreciation for the year			(18,339)	(16,333)	(16,378)
Transfer (to)/from assets classified as held for sale			89	(38)	(282)
Disposals			5,037	10,956	4,800
Effects of changes in foreign exchange rates			2,555	2,114	1,768
Effects on the recognition of inflation effects			3,416	1,764	1,070
Ending balance			(102,774)	(88,700)	(83,635)
Accumulated depreciation, amortisation and impairment | Specialty's Caf & Bakery, Inc
Property, Plant and Equipment
Disposals					1,274
Land
Property, Plant and Equipment
Beginning balance			10,113	9,922
Ending balance			10,651	10,113	9,922
Land | Gross carrying amount
Property, Plant and Equipment
Beginning balance			10,113	9,922	9,682
Additions			447	303	241
Additions from business acquisitions			201		158
Transfer of completed projects in progress			159	3	4
Effects of changes in foreign exchange rates			(458)	(162)	(238)
Effects on the recognition of inflation effects			222	140	88
Ending balance			10,651	10,113	9,922
Land | Gross carrying amount | PHILIPPINES
Property, Plant and Equipment
Disposals			(33)	(93)	(13)
Buildings
Property, Plant and Equipment
Beginning balance			19,688	19,612
Ending balance			21,486	19,688	19,612
Buildings | Gross carrying amount
Property, Plant and Equipment
Beginning balance			28,109	27,255	26,794
Additions			774	484	616
Additions from business acquisitions			1,268
Transfer of completed projects in progress			1,571	768	809
Effects of changes in foreign exchange rates			(1,167)	(657)	(1,135)
Effects on the recognition of inflation effects			735	464	293
Ending balance			31,030	28,109	27,255
Buildings | Gross carrying amount | PHILIPPINES
Property, Plant and Equipment
Disposals			(259)	(205)	(122)
Buildings | Accumulated depreciation, amortisation and impairment
Property, Plant and Equipment
Beginning balance			(8,421)	(7,643)	(6,898)
Depreciation for the year			(1,393)	(870)	(828)
Disposals			217	80	38
Effects of changes in foreign exchange rates			298	151	127
Effects on the recognition of inflation effects			244	139	82
Ending balance			(9,544)	(8,421)	(7,643)
Machinery and Equipment
Property, Plant and Equipment
Beginning balance			43,822	43,616
Ending balance			51,755	43,822	43,616
Machinery and Equipment | Gross carrying amount
Property, Plant and Equipment
Beginning balance			90,084	86,726	82,646
Additions			8,239	5,263	5,277
Additions from business acquisitions			4,478	86	200
Changes in the fair value of past acquisitions			(68)	55	59
Transfer of completed projects in progress			4,794	4,997	3,471
Transfer (to)/from assets classified as held for sale			107	(60)	(449)
Effects of changes in foreign exchange rates			(1,955)	(1,487)	(2,233)
Effects on the recognition of inflation effects			2,903	1,580	990
Ending balance			105,004	90,084	86,726
Machinery and Equipment | Gross carrying amount | Specialty's Caf & Bakery, Inc
Property, Plant and Equipment
Disposals					(775)
Machinery and Equipment | Gross carrying amount | PHILIPPINES
Property, Plant and Equipment
Disposals			(3,362)	(7,196)	(3,358)
Machinery and Equipment | Accumulated depreciation, amortisation and impairment
Property, Plant and Equipment
Beginning balance			(46,262)	(43,110)	(37,873)
Depreciation for the year			(9,107)	(8,344)	(8,390)
Transfer (to)/from assets classified as held for sale			89	(38)	(282)
Disposals			3,319	5,312	2,707
Effects of changes in foreign exchange rates			745	864	698
Effects on the recognition of inflation effects			2,034	946	595
Ending balance			(53,249)	(46,262)	(43,110)
Machinery and Equipment | Accumulated depreciation, amortisation and impairment | Specialty's Caf & Bakery, Inc
Property, Plant and Equipment
Disposals					625
Refrigeration Equipment
Property, Plant and Equipment
Beginning balance			7,263	7,787
Ending balance			8,428	7,263	7,787
Refrigeration Equipment | Gross carrying amount
Property, Plant and Equipment
Beginning balance			16,563	16,949	17,301
Additions			939	115	137
Additions from business acquisitions			126
Transfer of completed projects in progress			2,485	1,351	1,192
Effects of changes in foreign exchange rates			(1,276)	(556)	(797)
Effects on the recognition of inflation effects			536	318	189
Ending balance			18,300	16,563	16,949
Refrigeration Equipment | Gross carrying amount | PHILIPPINES
Property, Plant and Equipment
Disposals			(1,072)	(1,614)	(1,073)
Refrigeration Equipment | Accumulated depreciation, amortisation and impairment
Property, Plant and Equipment
Beginning balance			(9,300)	(9,162)	(8,651)
Depreciation for the year			(2,015)	(1,795)	(1,832)
Disposals			936	1,493	989
Effects of changes in foreign exchange rates			860	372	464
Effects on the recognition of inflation effects			354	208	132
Ending balance			(9,873)	(9,300)	(9,162)
Returnable Bottles
Property, Plant and Equipment
Beginning balance			6,758	5,771
Ending balance			7,896	6,758	5,771
Returnable Bottles | Gross carrying amount
Property, Plant and Equipment
Beginning balance			19,432	17,923	16,152
Additions			4,124	3,655	2,613
Additions from business acquisitions			8
Transfer of completed projects in progress			645	31	57
Effects of changes in foreign exchange rates			(1,707)	(364)	(629)
Effects on the recognition of inflation effects			849	487	291
Ending balance			22,970	19,432	17,923
Returnable Bottles | Gross carrying amount | PHILIPPINES
Property, Plant and Equipment
Disposals			(381)	(2,300)	(561)
Returnable Bottles | Accumulated depreciation, amortisation and impairment
Property, Plant and Equipment
Beginning balance			(12,674)	(12,152)	(10,091)
Depreciation for the year			(3,234)	(2,708)	(2,779)
Disposals			305	2,391	536
Effects of changes in foreign exchange rates			1,274	222	432
Effects on the recognition of inflation effects			745	427	250
Ending balance			(15,074)	(12,674)	(12,152)
Investments in Fixed Assets in Progress
Property, Plant and Equipment
Beginning balance			10,740	10,534
Ending balance			16,209	10,740	10,534
Investments in Fixed Assets in Progress | Gross carrying amount
Property, Plant and Equipment
Beginning balance			10,736	10,534	9,601
Additions			15,597	8,527	6,979
Additions from business acquisitions			699		3
Transfer of completed projects in progress			(9,954)	(7,384)	(5,644)
Effects of changes in foreign exchange rates			(589)	(752)	(339)
Effects on the recognition of inflation effects			7	1	(30)
Ending balance			16,204	10,736	10,534
Investments in Fixed Assets in Progress | Gross carrying amount | Specialty's Caf & Bakery, Inc
Property, Plant and Equipment
Disposals					(24)
Investments in Fixed Assets in Progress | Gross carrying amount | PHILIPPINES
Property, Plant and Equipment
Disposals			(290)	(190)	(12)
Investments in Fixed Assets in Progress | Accumulated depreciation, amortisation and impairment
Property, Plant and Equipment
Beginning balance			(4)
Disposals				4
Ending balance			(4)	(4)
Leasehold Improvements
Property, Plant and Equipment
Beginning balance			16,227	15,397
Ending balance			16,846	16,227	15,397
Leasehold Improvements | Gross carrying amount
Property, Plant and Equipment
Beginning balance			27,759	26,527	25,291
Additions			2,669	2,869	2,611
Additions from business acquisitions			175		46
Changes in the fair value of past acquisitions			36	3
Transfer of completed projects in progress			290	215	110
Transfer (to)/from assets classified as held for sale				8
Effects of changes in foreign exchange rates			641	(76)	310
Effects on the recognition of inflation effects				0	3
Ending balance			31,356	27,759	26,527
Leasehold Improvements | Gross carrying amount | Specialty's Caf & Bakery, Inc
Property, Plant and Equipment
Disposals					(1,036)
Leasehold Improvements | Gross carrying amount | PHILIPPINES
Property, Plant and Equipment
Disposals			(214)	(1,771)	(808)
Leasehold Improvements | Accumulated depreciation, amortisation and impairment
Property, Plant and Equipment
Beginning balance			(11,532)	(11,130)	(9,738)
Depreciation for the year			(2,456)	(2,462)	(2,404)
Disposals			248	1,649	492
Effects of changes in foreign exchange rates			(766)	417	(123)
Effects on the recognition of inflation effects			5	6	6
Ending balance			(14,510)	(11,532)	(11,130)
Leasehold Improvements | Accumulated depreciation, amortisation and impairment | Specialty's Caf & Bakery, Inc
Property, Plant and Equipment
Disposals					649
Other
Property, Plant and Equipment
Beginning balance			536	467
Ending balance			730	536	467
Other | Gross carrying amount
Property, Plant and Equipment
Beginning balance			1,051	905	793
Additions			397	237	185
Additions from business acquisitions					81
Changes in the fair value of past acquisitions			(18)
Transfer of completed projects in progress			10	19	1
Transfer (to)/from assets classified as held for sale				(4)
Effects of changes in foreign exchange rates			(165)	(82)	(97)
Effects on the recognition of inflation effects			(2)
Ending balance			1,259	1,051	905
Other | Gross carrying amount | PHILIPPINES
Property, Plant and Equipment
Disposals			(14)	(32)	(58)
Other | Accumulated depreciation, amortisation and impairment
Property, Plant and Equipment
Beginning balance			(515)	(438)	(496)
Depreciation for the year			(134)	(154)	(145)
Disposals			12	27	38
Effects of changes in foreign exchange rates			144	88	170
Effects on the recognition of inflation effects			34	38	5
Ending balance			$ (528)	$ (515)	$ (438)
[1]Convenience translation to U.S. dollars ($) – See Note 2.2.3

Leases - Right-of-use assets (D

Leases - Right-of-use assets (Details) $ in Millions, $ in Millions	12 Months Ended
	Dec. 31, 2022 USD ($)	[1]	Dec. 31, 2022 MXN ($)	Dec. 31, 2021 MXN ($)
Leases
Right-of-use assets, beginning			$ 56,994	$ 54,747
Additions			10,686	7,871
Additions from business combinations			21,933	1,540
Disposals			(1,541)	(1,371)
Remeasurements			6,722	3,964
Depreciation			(10,472)	(8,960)
Effects of changes in foreign exchange rates and restatement effects associated with hyperinflationary economies			(356)	(797)
Right-of-use assets, ending	$ 4,307		83,966	56,994
Land and buildings
Leases
Right-of-use assets, beginning			54,944	52,764
Additions			10,208	7,485
Additions from business combinations			21,414	1,440
Disposals			(1,464)	(1,337)
Remeasurements			6,228	3,776
Depreciation			(9,366)	(8,363)
Effects of changes in foreign exchange rates and restatement effects associated with hyperinflationary economies			(211)	(821)
Right-of-use assets, ending			81,753	54,944
Other
Leases
Right-of-use assets, beginning			2,050	1,893
Additions			478	386
Additions from business combinations			519	100
Disposals			(77)	(34)
Remeasurements			494	188
Depreciation			(1,106)	(597)
Effects of changes in foreign exchange rates and restatement effects associated with hyperinflationary economies			(145)	24
Right-of-use assets, ending			$ 2,213	$ 2,050
[1]Convenience translation to U.S. dollars ($) – See Note 2.2.3

Leases - Lease liabilities (Det

Leases - Lease liabilities (Details) $ in Millions, $ in Millions	Dec. 31, 2022 USD ($)	[1]	Dec. 31, 2022 MXN ($)	Dec. 31, 2021 MXN ($)
Leases
Total undiscounted lease liabilities			$ 106,566	$ 89,117
Total lease liabilities			93,317	62,355
Current	$ 620		12,095	7,306
Non-Current	$ 4,166		81,222	55,049
Current year
Leases
Total undiscounted lease liabilities			14,374	11,428
One to five years
Leases
Total undiscounted lease liabilities			45,562	36,929
Five to ten years
Leases
Total undiscounted lease liabilities			32,348	27,580
More than ten years
Leases
Total undiscounted lease liabilities			$ 14,282	$ 13,180
[1]Convenience translation to U.S. dollars ($) – See Note 2.2.3

Leases - Additional information

Leases - Additional information (Details) - MXN ($) $ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Statement [Line Items]
Weighted average incremental borrowing rate	9.17%	7.77%
Interest expense on lease liabilities	$ 5,789	$ 5,118	$ 5,074
Expense relating to leases of low-value assets for which recognition exemption has been used	841	112	508
Cash flows	(8,805)	(11,184)	56,283
Lease liabilities
Statement [Line Items]
Cash flows	$ (15,108)	$ (12,325)	$ (9,810)
Retail Stores
Statement [Line Items]
Operating lease term	15 years
Retail Stores | Top of range
Statement [Line Items]
Operating lease term	5 years
Retail Stores | Bottom of range
Statement [Line Items]
Operating lease term	3 years
Office Space | Top of range
Statement [Line Items]
Operating lease term	5 years
Office Space | Bottom of range
Statement [Line Items]
Operating lease term	3 years
Vehicles, Servers and Equipment | Top of range
Statement [Line Items]
Operating lease term	5 years
Vehicles, Servers and Equipment | Bottom of range
Statement [Line Items]
Operating lease term	3 years
IT Equipment | Top of range
Statement [Line Items]
Operating lease term	1 year
IT Equipment | Bottom of range
Statement [Line Items]
Operating lease term	3 years

Intangible Assets - Changes in

Intangible Assets - Changes in Intangible Assets and Goodwill (Details) $ in Millions, $ in Millions	12 Months Ended
	Dec. 31, 2022 USD ($)	[1]	Dec. 31, 2022 MXN ($)	Dec. 31, 2021 MXN ($)	Dec. 31, 2020 MXN ($)
Disclosure of reconciliation of changes in intangible assets and goodwill [line items]
Beginning balance			$ 158,138	$ 155,501
Amortization expense			(2,696)	(2,694)	$ (2,465)
Ending balance	$ 9,785		190,772	158,138	155,501
Rights to Produce and Distribute Coca-Cola Trademark Products
Disclosure of reconciliation of changes in intangible assets and goodwill [line items]
Beginning balance			75,396	76,649
Ending balance			75,756	75,396	76,649
Goodwill
Disclosure of reconciliation of changes in intangible assets and goodwill [line items]
Beginning balance			57,351	52,820
Ending balance			85,704	57,351	52,820
Trademark
Disclosure of reconciliation of changes in intangible assets and goodwill [line items]
Beginning balance			8,073	8,647
Ending balance			9,044	8,073	8,647
Other Indefinite Lived Intangible Assets
Disclosure of reconciliation of changes in intangible assets and goodwill [line items]
Beginning balance			1,413	1,376
Ending balance			1,265	1,413	1,376
Total Unamortized Intangible Assets
Disclosure of reconciliation of changes in intangible assets and goodwill [line items]
Beginning balance			142,233	139,492
Ending balance			171,769	142,233	139,492
Technology Costs and Management Systems
Disclosure of reconciliation of changes in intangible assets and goodwill [line items]
Beginning balance			4,247	4,404
Ending balance			3,884	4,247	4,404
Customer Relationships
Disclosure of reconciliation of changes in intangible assets and goodwill [line items]
Beginning balance			9,192	9,023
Ending balance			10,336	9,192	9,023
Alcohol Licenses
Disclosure of reconciliation of changes in intangible assets and goodwill [line items]
Beginning balance			1,168	1,161
Ending balance			1,038	1,168	1,161
Other
Disclosure of reconciliation of changes in intangible assets and goodwill [line items]
Beginning balance			1,298	1,421
Ending balance			3,745	1,298	1,421
Total Amortized Intangible Assets
Disclosure of reconciliation of changes in intangible assets and goodwill [line items]
Beginning balance			15,905	16,009
Ending balance			19,003	15,905	16,009
Accumulated depreciation, amortisation and impairment
Disclosure of reconciliation of changes in intangible assets and goodwill [line items]
Beginning balance			(10,032)	(8,961)	(6,840)
Amortization expense			(2,696)	(2,694)	(2,465)
Disposals			1,152	890	177
Effect of movements in exchange rates			(1,227)	787	195
Changes in value on the recognition of inflation effects			(95)	(54)	(28)
Ending balance			(12,898)	(10,032)	(8,961)
Accumulated depreciation, amortisation and impairment | Technology Costs and Management Systems
Disclosure of reconciliation of changes in intangible assets and goodwill [line items]
Beginning balance			(6,414)	(6,469)	(5,174)
Amortization expense			(1,312)	(1,473)	(1,537)
Disposals			992	789	129
Effect of movements in exchange rates			(193)	792	142
Changes in value on the recognition of inflation effects			(94)	(53)	(29)
Ending balance			(7,021)	(6,414)	(6,469)
Accumulated depreciation, amortisation and impairment | Customer Relationships
Disclosure of reconciliation of changes in intangible assets and goodwill [line items]
Beginning balance			(1,608)	(827)	(393)
Amortization expense			(915)	(791)	(467)
Disposals			157
Effect of movements in exchange rates			(786)	10	32
Changes in value on the recognition of inflation effects					1
Ending balance			(3,152)	(1,608)	(827)
Accumulated depreciation, amortisation and impairment | Alcohol Licenses
Disclosure of reconciliation of changes in intangible assets and goodwill [line items]
Beginning balance			(838)	(736)	(637)
Amortization expense			(104)	(102)	(99)
Disposals			3
Ending balance			(939)	(838)	(736)
Accumulated depreciation, amortisation and impairment | Other
Disclosure of reconciliation of changes in intangible assets and goodwill [line items]
Beginning balance			(1,172)	(929)	(636)
Amortization expense			(365)	(328)	(362)
Disposals				101	48
Effect of movements in exchange rates			(248)	(15)	21
Changes in value on the recognition of inflation effects			(1)	(1)
Ending balance			(1,786)	(1,172)	(929)
Accumulated depreciation, amortisation and impairment | Total Amortized Intangible Assets
Disclosure of reconciliation of changes in intangible assets and goodwill [line items]
Beginning balance			(10,032)	(8,961)	(6,840)
Amortization expense			(2,696)	(2,694)	(2,465)
Disposals			1,152	890	177
Effect of movements in exchange rates			(1,227)	787	195
Changes in value on the recognition of inflation effects			(95)	(54)	(28)
Ending balance			(12,898)	(10,032)	(8,961)
Gross carrying amount
Disclosure of reconciliation of changes in intangible assets and goodwill [line items]
Beginning balance			168,170	164,462	153,402
Additions			2,232	2,517	1,487
Acquisitions from business combinations (see Note 4)			37,335	8,879	22,804
Changes in fair value of past acquisitions			398		(34)
Internal developments			10
Disposals			(925)	(1,133)	(1,195)
Effect of movements in exchange rates			(2,860)	(5,468)	(10,615)
Changes in value on the recognition of inflation effects			80	62	38
Impairment			(770)	(1,149)
Ending balance			203,670	168,170	164,462
Gross carrying amount | Rights to Produce and Distribute Coca-Cola Trademark Products
Disclosure of reconciliation of changes in intangible assets and goodwill [line items]
Beginning balance			75,396	76,649	81,255
Additions				2	1
Effect of movements in exchange rates			(756)	(1,255)	(4,067)
Ending balance			75,756	75,396	76,649
Gross carrying amount | Goodwill
Disclosure of reconciliation of changes in intangible assets and goodwill [line items]
Beginning balance			57,351	52,820	47,907
Additions			22
Acquisitions from business combinations (see Note 4)			33,715	7,940	12,080
Changes in fair value of past acquisitions			(2,557)		(1,086)
Disposals			0	(12)	(183)
Effect of movements in exchange rates			(2,057)	(2,303)	(4,704)
Impairment			(770)	(1,094)
Ending balance			85,704	57,351	52,820
Gross carrying amount | Trademark
Disclosure of reconciliation of changes in intangible assets and goodwill [line items]
Beginning balance			8,073	8,647	6,600
Acquisitions from business combinations (see Note 4)				65	2,101
Changes in fair value of past acquisitions					285
Transfer of completed development systems			0
Disposals					(116)
Effect of movements in exchange rates			(106)	(584)	(8)
Impairment				(55)
Ending balance			9,044	8,073	8,647
Gross carrying amount | Other Indefinite Lived Intangible Assets
Disclosure of reconciliation of changes in intangible assets and goodwill [line items]
Beginning balance			1,413	1,376	1,702
Additions			12	127
Disposals			(2)	(10)	(311)
Effect of movements in exchange rates			(158)	(80)	(4)
Ending balance			1,265	1,413	1,376
Gross carrying amount | Total Unamortized Intangible Assets
Disclosure of reconciliation of changes in intangible assets and goodwill [line items]
Beginning balance			142,233	139,492	137,464
Additions			34	129	1
Acquisitions from business combinations (see Note 4)			35,908	8,005	14,181
Changes in fair value of past acquisitions			(2,557)		(801)
Transfer of completed development systems			0
Disposals			(2)	(22)	(610)
Effect of movements in exchange rates			(3,077)	(4,222)	(9,323)
Impairment			(770)	(1,149)
Ending balance			171,769	142,233	139,492
Gross carrying amount | Technology Costs and Management Systems
Disclosure of reconciliation of changes in intangible assets and goodwill [line items]
Beginning balance			10,661	10,873	9,566
Additions			672	1,140	771
Acquisitions from business combinations (see Note 4)					26
Internal developments			10
Transfer of completed development systems			65	262	398
Disposals			(891)	(973)	(164)
Effect of movements in exchange rates			15	(641)	276
Ending balance			10,905	10,661	10,873
Gross carrying amount | Customer Relationships
Disclosure of reconciliation of changes in intangible assets and goodwill [line items]
Beginning balance			10,800	9,850	2,012
Acquisitions from business combinations (see Note 4)				873	8,596
Changes in fair value of past acquisitions			2,955		745
Disposals			(3)
Effect of movements in exchange rates			(264)	77	(1,503)
Ending balance			13,488	10,800	9,850
Gross carrying amount | Alcohol Licenses
Disclosure of reconciliation of changes in intangible assets and goodwill [line items]
Beginning balance			2,006	1,897	1,829
Additions			50	145	111
Transfer of completed development systems			(50)
Disposals			(29)	(36)	(43)
Ending balance			1,977	2,006	1,897
Gross carrying amount | Other
Disclosure of reconciliation of changes in intangible assets and goodwill [line items]
Beginning balance			2,470	2,350	2,531
Additions			1,476	1,103	604
Acquisitions from business combinations (see Note 4)				1	1
Changes in fair value of past acquisitions					22
Transfer of completed development systems			(15)	(262)	(398)
Disposals			0	(102)	(378)
Effect of movements in exchange rates			466	(682)	(65)
Changes in value on the recognition of inflation effects			80	62	38
Ending balance			5,531	2,470	2,350
Gross carrying amount | Total Amortized Intangible Assets
Disclosure of reconciliation of changes in intangible assets and goodwill [line items]
Beginning balance			25,937	24,970	15,938
Additions			2,198	2,388	1,486
Acquisitions from business combinations (see Note 4)				874	8,623
Changes in fair value of past acquisitions			2,955		767
Internal developments			10
Transfer of completed development systems			0
Disposals			(923)	(1,111)	(585)
Effect of movements in exchange rates			217	(1,246)	(1,292)
Changes in value on the recognition of inflation effects			80	62	38
Ending balance			$ 31,901	25,937	24,970
Gross carrying amount | Coca-Cola FEMSA | Rights to Produce and Distribute Coca-Cola Trademark Products
Disclosure of reconciliation of changes in intangible assets and goodwill [line items]
Acquisitions from business combinations (see Note 4)				1,116
Gross carrying amount | Coca-Cola FEMSA | Trademark
Disclosure of reconciliation of changes in intangible assets and goodwill [line items]
Acquisitions from business combinations (see Note 4)				1,077
Gross carrying amount | Coca-Cola FEMSA | Technology Costs and Management Systems
Disclosure of reconciliation of changes in intangible assets and goodwill [line items]
Acquisitions from business combinations (see Note 4)				373
Gross carrying amount | Coca-Cola FEMSA | Other
Disclosure of reconciliation of changes in intangible assets and goodwill [line items]
Acquisitions from business combinations (see Note 4)				1,054
Gross carrying amount | Coca-Cola FEMSA | Total Amortized Intangible Assets
Disclosure of reconciliation of changes in intangible assets and goodwill [line items]
Acquisitions from business combinations (see Note 4)				$ 1,427
Specialty's Caf & Bakery, Inc | Gross carrying amount
Disclosure of reconciliation of changes in intangible assets and goodwill [line items]
Specialty's disposal					1,425
Specialty's Caf & Bakery, Inc | Gross carrying amount | Goodwill
Disclosure of reconciliation of changes in intangible assets and goodwill [line items]
Specialty's disposal					1,194
Specialty's Caf & Bakery, Inc | Gross carrying amount | Trademark
Disclosure of reconciliation of changes in intangible assets and goodwill [line items]
Specialty's disposal					215
Specialty's Caf & Bakery, Inc | Gross carrying amount | Other Indefinite Lived Intangible Assets
Disclosure of reconciliation of changes in intangible assets and goodwill [line items]
Specialty's disposal					11
Specialty's Caf & Bakery, Inc | Gross carrying amount | Total Unamortized Intangible Assets
Disclosure of reconciliation of changes in intangible assets and goodwill [line items]
Specialty's disposal					1,420
Specialty's Caf & Bakery, Inc | Gross carrying amount | Other
Disclosure of reconciliation of changes in intangible assets and goodwill [line items]
Specialty's disposal					5
Specialty's Caf & Bakery, Inc | Gross carrying amount | Total Amortized Intangible Assets
Disclosure of reconciliation of changes in intangible assets and goodwill [line items]
Specialty's disposal					$ 5
[1]Convenience translation to U.S. dollars ($) – See Note 2.2.3

Intangible Assets - Amortizatio

Intangible Assets - Amortization (Details) - MXN ($) $ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Disclosure Of Allocation Of Amortisation Expenses [abstract]
Cost of goods sold	$ 207	$ 254	$ 288
Administrative expenses	1,771	1,630	1,412
Selling expenses	718	810	765
Amortization expense	$ 2,696	$ 2,694	$ 2,465

Intangible Assets - Average Rem

Intangible Assets - Average Remaining Amortization Period (Details)	12 Months Ended
	Dec. 31, 2022
Alcohol Licenses
Disclosure of intangible assets material to entity [line items]
Average Remaining Period Intangible Assets Subject to Amortization	12 years
Bottom of range | Technology Costs and Management Systems
Disclosure of intangible assets material to entity [line items]
Average Remaining Period Intangible Assets Subject to Amortization	2 years
Bottom of range | Customer Relationships
Disclosure of intangible assets material to entity [line items]
Average Remaining Period Intangible Assets Subject to Amortization	10 years
Top of range | Technology Costs and Management Systems
Disclosure of intangible assets material to entity [line items]
Average Remaining Period Intangible Assets Subject to Amortization	10 years
Top of range | Customer Relationships
Disclosure of intangible assets material to entity [line items]
Average Remaining Period Intangible Assets Subject to Amortization	25 years

Intangible Assets - Carrying Am

Intangible Assets - Carrying Amounts of Goodwill and Distribution Rights (Details) $ in Millions, $ in Millions	Dec. 31, 2022 USD ($)	[1]	Dec. 31, 2022 MXN ($)	Dec. 31, 2021 MXN ($)	Dec. 31, 2020 MXN ($)
Disclosure of information for cash-generating units [line items]
Goodwill and distribution rights allocated	$ 9,785		$ 190,772	$ 158,138	$ 155,501
Aggregate cash-generating units for which amount of goodwill or intangible assets with indefinite useful lives is not significant [member] | Coca-Cola FEMSA
Disclosure of information for cash-generating units [line items]
Goodwill and distribution rights allocated			99,012	98,303
Mexico | Aggregate cash-generating units for which amount of goodwill or intangible assets with indefinite useful lives is not significant [member] | Coca-Cola FEMSA
Disclosure of information for cash-generating units [line items]
Goodwill and distribution rights allocated			56,587	56,352
Guatemala | Aggregate cash-generating units for which amount of goodwill or intangible assets with indefinite useful lives is not significant [member] | Coca-Cola FEMSA
Disclosure of information for cash-generating units [line items]
Goodwill and distribution rights allocated			1,691	1,735
Nicaragua | Aggregate cash-generating units for which amount of goodwill or intangible assets with indefinite useful lives is not significant [member] | Coca-Cola FEMSA
Disclosure of information for cash-generating units [line items]
Goodwill and distribution rights allocated			404	438
Costa Rica | Aggregate cash-generating units for which amount of goodwill or intangible assets with indefinite useful lives is not significant [member] | Coca-Cola FEMSA
Disclosure of information for cash-generating units [line items]
Goodwill and distribution rights allocated			1,418	1,407
Panama | Aggregate cash-generating units for which amount of goodwill or intangible assets with indefinite useful lives is not significant [member] | Coca-Cola FEMSA
Disclosure of information for cash-generating units [line items]
Goodwill and distribution rights allocated			1,170	1,238
Colombia | Aggregate cash-generating units for which amount of goodwill or intangible assets with indefinite useful lives is not significant [member] | Coca-Cola FEMSA
Disclosure of information for cash-generating units [line items]
Goodwill and distribution rights allocated			3,051	3,798
Brazil | Aggregate cash-generating units for which amount of goodwill or intangible assets with indefinite useful lives is not significant [member] | Coca-Cola FEMSA
Disclosure of information for cash-generating units [line items]
Goodwill and distribution rights allocated			31,753	30,608
Argentina | Aggregate cash-generating units for which amount of goodwill or intangible assets with indefinite useful lives is not significant [member] | Coca-Cola FEMSA
Disclosure of information for cash-generating units [line items]
Goodwill and distribution rights allocated			426	395
Uruguay | Aggregate cash-generating units for which amount of goodwill or intangible assets with indefinite useful lives is not significant [member] | Coca-Cola FEMSA
Disclosure of information for cash-generating units [line items]
Goodwill and distribution rights allocated			$ 2,512	$ 2,332
[1]Convenience translation to U.S. dollars ($) – See Note 2.2.3

Intangible Assets - Key Assumpt

Intangible Assets - Key Assumptions by CGU for Impairment Test (Details) - MXN ($) $ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Disclosure of information for cash-generating units [line items]
Impairment charge, intangibles	$ 0	$ 0	$ 375
Mexico | Aggregate cash-generating units for which amount of goodwill or intangible assets with indefinite useful lives is not significant [member] | Coca-Cola FEMSA
Disclosure of information for cash-generating units [line items]
Pre-tax WACC	950%	680%
Post-tax WACC	650%	490%
Mexico | Aggregate cash-generating units for which amount of goodwill or intangible assets with indefinite useful lives is not significant [member] | 2023-2027 | Coca-Cola FEMSA
Disclosure of information for cash-generating units [line items]
Expected Annual Long-Term Inflation	430%
Expected Volume Growth Rates	240%
Mexico | Aggregate cash-generating units for which amount of goodwill or intangible assets with indefinite useful lives is not significant [member] | 2022-2026 | Coca-Cola FEMSA
Disclosure of information for cash-generating units [line items]
Expected Annual Long-Term Inflation		370%
Expected Volume Growth Rates		280%
Brazil | Aggregate cash-generating units for which amount of goodwill or intangible assets with indefinite useful lives is not significant [member] | Coca-Cola FEMSA
Disclosure of information for cash-generating units [line items]
Pre-tax WACC	1,160%	910%
Post-tax WACC	720%	580%
Brazil | Aggregate cash-generating units for which amount of goodwill or intangible assets with indefinite useful lives is not significant [member] | 2023-2027 | Coca-Cola FEMSA
Disclosure of information for cash-generating units [line items]
Expected Annual Long-Term Inflation	390%
Expected Volume Growth Rates	430%
Brazil | Aggregate cash-generating units for which amount of goodwill or intangible assets with indefinite useful lives is not significant [member] | 2022-2026 | Coca-Cola FEMSA
Disclosure of information for cash-generating units [line items]
Expected Annual Long-Term Inflation		330%
Expected Volume Growth Rates		770%
Colombia | Aggregate cash-generating units for which amount of goodwill or intangible assets with indefinite useful lives is not significant [member] | Coca-Cola FEMSA
Disclosure of information for cash-generating units [line items]
Pre-tax WACC	1,390%	870%
Post-tax WACC	800%	580%
Colombia | Aggregate cash-generating units for which amount of goodwill or intangible assets with indefinite useful lives is not significant [member] | 2023-2027 | Coca-Cola FEMSA
Disclosure of information for cash-generating units [line items]
Expected Annual Long-Term Inflation	390%
Expected Volume Growth Rates	950%
Colombia | Aggregate cash-generating units for which amount of goodwill or intangible assets with indefinite useful lives is not significant [member] | 2022-2026 | Coca-Cola FEMSA
Disclosure of information for cash-generating units [line items]
Expected Annual Long-Term Inflation		300%
Expected Volume Growth Rates		840%
Argentina | Aggregate cash-generating units for which amount of goodwill or intangible assets with indefinite useful lives is not significant [member] | Coca-Cola FEMSA
Disclosure of information for cash-generating units [line items]
Pre-tax WACC	2,780%	1,970%
Post-tax WACC	1,980%	1,450%
Argentina | Aggregate cash-generating units for which amount of goodwill or intangible assets with indefinite useful lives is not significant [member] | 2023-2027 | Coca-Cola FEMSA
Disclosure of information for cash-generating units [line items]
Expected Annual Long-Term Inflation	6,800%
Expected Volume Growth Rates	450%
Argentina | Aggregate cash-generating units for which amount of goodwill or intangible assets with indefinite useful lives is not significant [member] | 2022-2026 | Coca-Cola FEMSA
Disclosure of information for cash-generating units [line items]
Expected Annual Long-Term Inflation		3,590%
Expected Volume Growth Rates		540%
Guatemala | Aggregate cash-generating units for which amount of goodwill or intangible assets with indefinite useful lives is not significant [member] | Coca-Cola FEMSA
Disclosure of information for cash-generating units [line items]
Pre-tax WACC	1,020%	790%
Post-tax WACC	760%	610%
Guatemala | Aggregate cash-generating units for which amount of goodwill or intangible assets with indefinite useful lives is not significant [member] | 2023-2027 | Coca-Cola FEMSA
Disclosure of information for cash-generating units [line items]
Expected Annual Long-Term Inflation	440%
Expected Volume Growth Rates	1,480%
Guatemala | Aggregate cash-generating units for which amount of goodwill or intangible assets with indefinite useful lives is not significant [member] | 2022-2026 | Coca-Cola FEMSA
Disclosure of information for cash-generating units [line items]
Expected Annual Long-Term Inflation		420%
Expected Volume Growth Rates		1,070%
Costa Rica | Aggregate cash-generating units for which amount of goodwill or intangible assets with indefinite useful lives is not significant [member] | Coca-Cola FEMSA
Disclosure of information for cash-generating units [line items]
Pre-tax WACC	1,540%	1,350%
Post-tax WACC	1,020%	920%
Costa Rica | Aggregate cash-generating units for which amount of goodwill or intangible assets with indefinite useful lives is not significant [member] | 2023-2027 | Coca-Cola FEMSA
Disclosure of information for cash-generating units [line items]
Expected Annual Long-Term Inflation	330%
Expected Volume Growth Rates	640%
Costa Rica | Aggregate cash-generating units for which amount of goodwill or intangible assets with indefinite useful lives is not significant [member] | 2022-2026 | Coca-Cola FEMSA
Disclosure of information for cash-generating units [line items]
Expected Annual Long-Term Inflation		310%
Expected Volume Growth Rates		650%
Nicaragua | Aggregate cash-generating units for which amount of goodwill or intangible assets with indefinite useful lives is not significant [member] | Coca-Cola FEMSA
Disclosure of information for cash-generating units [line items]
Pre-tax WACC	2,460%	1,830%
Post-tax WACC	1,180%	1,060%
Nicaragua | Aggregate cash-generating units for which amount of goodwill or intangible assets with indefinite useful lives is not significant [member] | 2023-2027 | Coca-Cola FEMSA
Disclosure of information for cash-generating units [line items]
Expected Annual Long-Term Inflation	410%
Expected Volume Growth Rates	600%
Nicaragua | Aggregate cash-generating units for which amount of goodwill or intangible assets with indefinite useful lives is not significant [member] | 2022-2026 | Coca-Cola FEMSA
Disclosure of information for cash-generating units [line items]
Expected Annual Long-Term Inflation		430%
Expected Volume Growth Rates		640%
Panama | Aggregate cash-generating units for which amount of goodwill or intangible assets with indefinite useful lives is not significant [member] | Coca-Cola FEMSA
Disclosure of information for cash-generating units [line items]
Pre-tax WACC	1,100%	850%
Post-tax WACC	830%	650%
Panama | Aggregate cash-generating units for which amount of goodwill or intangible assets with indefinite useful lives is not significant [member] | 2023-2027 | Coca-Cola FEMSA
Disclosure of information for cash-generating units [line items]
Expected Annual Long-Term Inflation	220%
Expected Volume Growth Rates	400%
Panama | Aggregate cash-generating units for which amount of goodwill or intangible assets with indefinite useful lives is not significant [member] | 2022-2026 | Coca-Cola FEMSA
Disclosure of information for cash-generating units [line items]
Expected Annual Long-Term Inflation		220%
Expected Volume Growth Rates		700%
Uruguay | Aggregate cash-generating units for which amount of goodwill or intangible assets with indefinite useful lives is not significant [member] | Coca-Cola FEMSA
Disclosure of information for cash-generating units [line items]
Pre-tax WACC	1,020%	850%
Post-tax WACC	740%	610%
Uruguay | Aggregate cash-generating units for which amount of goodwill or intangible assets with indefinite useful lives is not significant [member] | 2023-2027 | Coca-Cola FEMSA
Disclosure of information for cash-generating units [line items]
Expected Annual Long-Term Inflation	570%
Expected Volume Growth Rates	400%
Uruguay | Aggregate cash-generating units for which amount of goodwill or intangible assets with indefinite useful lives is not significant [member] | 2022-2026 | Coca-Cola FEMSA
Disclosure of information for cash-generating units [line items]
Expected Annual Long-Term Inflation		500%
Expected Volume Growth Rates		400%
South America | Health Division
Disclosure of information for cash-generating units [line items]
Impairment charge, intangibles	$ 6,422
South America | Health Division | Coca-Cola FEMSA
Disclosure of information for cash-generating units [line items]
Pre-tax WACC	9.30%	7.30%
Post-tax WACC	6.50%	5.30%
South America | Health Division | 2023-2027 | Coca-Cola FEMSA
Disclosure of information for cash-generating units [line items]
Expected Annual Long-Term Inflation	4.90%
Expected Volume Growth Rates	0.60%
South America | Health Division | 2022-2026 | Coca-Cola FEMSA
Disclosure of information for cash-generating units [line items]
Expected Annual Long-Term Inflation		3.40%
Expected Volume Growth Rates		0.30%
United States | Aggregate cash-generating units for which amount of goodwill or intangible assets with indefinite useful lives is not significant [member]
Disclosure of information for cash-generating units [line items]
Pre-tax WACC	7.10%	5.70%
Post-tax WACC	5.50%	4.90%
Impairment charge, intangibles	$ 15,549
United States | Aggregate cash-generating units for which amount of goodwill or intangible assets with indefinite useful lives is not significant [member] | 2023-2027
Disclosure of information for cash-generating units [line items]
Expected Annual Long-Term Inflation	3.50%
Expected Volume Growth Rates	1.30%
United States | Aggregate cash-generating units for which amount of goodwill or intangible assets with indefinite useful lives is not significant [member] | 2022-2026
Disclosure of information for cash-generating units [line items]
Expected Annual Long-Term Inflation		2.40%
Expected Volume Growth Rates		2%

Intangible Assets - Sensitivity

Intangible Assets - Sensitivity to Changes in Assumptions (Details)	12 Months Ended
	Dec. 31, 2022 MXN ($) item
Disclosure of sensitivity analysis for actuarial assumptions [line items]
Risk premium basis points | item	0.0050
Impairment charge on goodwill | $	$ 0
Change in WACC	(0.00%)
Change in Sales Growth CAGR	0.50%
Effect on Valuation	Passes by 1.41x
United States | Aggregate cash-generating units for which amount of goodwill or intangible assets with indefinite useful lives is not significant [member]
Disclosure of sensitivity analysis for actuarial assumptions [line items]
Change in Sales Growth CAGR	0.50%
Effect on Valuation	Passes by 1.76x
Mexico | Aggregate cash-generating units for which amount of goodwill or intangible assets with indefinite useful lives is not significant [member] | Coca-Cola FEMSA
Disclosure of sensitivity analysis for actuarial assumptions [line items]
Change in WACC	30%
Change in Sales Growth CAGR	(1.00%)
Effect on Valuation	Passes by 4.2x
Brazil | Aggregate cash-generating units for which amount of goodwill or intangible assets with indefinite useful lives is not significant [member] | Coca-Cola FEMSA
Disclosure of sensitivity analysis for actuarial assumptions [line items]
Change in WACC	50%
Change in Sales Growth CAGR	(1.00%)
Effect on Valuation	Passes by 2.6x
Colombia | Aggregate cash-generating units for which amount of goodwill or intangible assets with indefinite useful lives is not significant [member] | Coca-Cola FEMSA
Disclosure of sensitivity analysis for actuarial assumptions [line items]
Change in WACC	50%
Change in Sales Growth CAGR	(1.00%)
Effect on Valuation	Passes by 2.0x
Argentina | Aggregate cash-generating units for which amount of goodwill or intangible assets with indefinite useful lives is not significant [member] | Coca-Cola FEMSA
Disclosure of sensitivity analysis for actuarial assumptions [line items]
Change in WACC	190%
Change in Sales Growth CAGR	(1.00%)
Effect on Valuation	Passes by 8.6x
Guatemala | Aggregate cash-generating units for which amount of goodwill or intangible assets with indefinite useful lives is not significant [member] | Coca-Cola FEMSA
Disclosure of sensitivity analysis for actuarial assumptions [line items]
Change in WACC	40%
Change in Sales Growth CAGR	(1.00%)
Effect on Valuation	Passes by 42.9x
Costa Rica | Aggregate cash-generating units for which amount of goodwill or intangible assets with indefinite useful lives is not significant [member] | Coca-Cola FEMSA
Disclosure of sensitivity analysis for actuarial assumptions [line items]
Change in WACC	60%
Change in Sales Growth CAGR	(1.00%)
Effect on Valuation	Passes by 2.6x
Nicaragua | Aggregate cash-generating units for which amount of goodwill or intangible assets with indefinite useful lives is not significant [member] | Coca-Cola FEMSA
Disclosure of sensitivity analysis for actuarial assumptions [line items]
Change in WACC	80%
Change in Sales Growth CAGR	(1.00%)
Effect on Valuation	Passes by 1.0x
Panama | Aggregate cash-generating units for which amount of goodwill or intangible assets with indefinite useful lives is not significant [member] | Coca-Cola FEMSA
Disclosure of sensitivity analysis for actuarial assumptions [line items]
Change in WACC	30%
Change in Sales Growth CAGR	(1.00%)
Effect on Valuation	Passes by 5.8x
Uruguay | Aggregate cash-generating units for which amount of goodwill or intangible assets with indefinite useful lives is not significant [member] | Coca-Cola FEMSA
Disclosure of sensitivity analysis for actuarial assumptions [line items]
Change in WACC	20%
Change in Sales Growth CAGR	(1.00%)
Effect on Valuation	Passes by 3.9x

Other Non-Current Assets and _2

Other Non-Current Assets and Other Non-Current Financial Assets - Other Non-Current Assets (Details) $ in Millions, $ in Millions	Dec. 31, 2022 USD ($)	[1]	Dec. 31, 2022 MXN ($)	Dec. 31, 2021 MXN ($)
Non-current assets [abstract]
Agreement with customers			$ 771	$ 759
Long-term prepaid advertising expenses			184	213
Guarantee deposits			1,612	1,532
Prepaid bonuses			327	283
Advances to acquire property, plant and equipment			981	460
Recoverable taxes			1,844	1,687
Indemnifiable assets from business combinations			1,555	1,554
Others			1,984	912
Total other assets	$ 475		$ 9,258	$ 7,400
[1]Convenience translation to U.S. dollars ($) – See Note 2.2.3

Other Non-Current Assets and _3

Other Non-Current Assets and Other Non-Current Financial Assets - Other financial assets (Details) $ in Millions, $ in Millions	Dec. 31, 2022 USD ($)	[1]	Dec. 31, 2022 MXN ($)	Dec. 31, 2021 MXN ($)
Non-current assets [abstract]
Non-current accounts receivable			$ 1,686	$ 1,245
Derivative financial instruments			3,520	16,710
Others			923	674
Other investments in equity instruments			17,681	22,442
Other non-current financial assets	$ 1,221		$ 23,810	$ 41,071
[1]Convenience translation to U.S. dollars ($) – See Note 2.2.3

Other Non-Current Assets and _4

Other Non-Current Assets and Other Non-Current Financial Assets- Fair value (Details) - MXN ($) $ in Millions	Dec. 31, 2022	Dec. 31, 2021
Disclosure Of Other Assets And Other Financial Assets [line items]
Non-current accounts receivables	$ 1,686	$ 1,245
At fair value
Disclosure Of Other Assets And Other Financial Assets [line items]
Non-current accounts receivables	$ 1,623	$ 1,178

Balances and Transactions wit_3

Balances and Transactions with Related Parties and Affiliated Companies - Balances (Details) - MXN ($) $ in Millions	Dec. 31, 2022	Dec. 31, 2021
Balances
Account receivable with related party transaction	$ 776	$ 820
Other receivables	114	190
Other payables	2,711	1,557
BBVA Bancomer, S.A de C.V. | Bank loans and notes payables
Balances
Account payables with related party transactions	2,317	1,847
BBVA Bancomer, S.A de C.V. | Cash and cash equivalent
Balances
Assets balance with related party transaction	3,891	8,076
Grupo Financiero Scotiabank Inverlat SA
Balances
Assets balance with related party transaction	2,350	6,585
Account payables with related party transactions	65	132
Heineken investment | Accounts payable
Balances
Account payables with related party transactions	3,214	3,144
Heineken investment | Accounts receivable and other financial assets
Balances
Assets balance with related party transaction	2,455	2,001
The Coca-Cola company | Bank loans and notes payables and accounts payable
Balances
Account payables with related party transactions	$ 1,248	$ 1,444

Balances and Transactions wit_4

Balances and Transactions with Related Parties and Affiliated Companies - Transactions (Details) - MXN ($) $ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Expenses:
Other expenses with related parties	$ 57	$ 206	$ 311
Other revenue
Income:
Income from related party transaction	963	814	764
Heineken investment
Income:
Income from related party transaction	3,796	2,530	3,181
Heineken investment | Beer
Expenses:
Purchase of goods from related party transaction	16,006	19,552	23,233
Jugos del Valle, S.A.P.I. de C.V. | Logistic services
Income:
Income from related party transaction	552	514	532
Jugos del Valle, S.A.P.I. de C.V. | Juices
Expenses:
Purchase of goods from related party transaction	4,990	4,102	4,055
BBVA Bancomer, S.A de C.V.
Expenses:
Interest expense and fee paid to related party transaction	472	72	232
BBVA Bancomer, S.A de C.V. | Interest Revenue
Income:
Income from related party transaction	2,297	2,146	1,825
Grupo Financiero Scotiabank Inverlat SA | Interest Revenue
Income:
Income from related party transaction	455	302	295
The Coca-Cola company
Expenses:
Contributions	1,170	2,437	1,482
The Coca-Cola company | Concentrate
Expenses:
Purchase of goods from related party transaction	43,717	37,213	32,222
The Coca-Cola company | Advertising
Expenses:
Services received, related party transaction	545	1,482	865
Grupo Industrial Bimbo, S.A.B. de C. V. | Baked goods and snacks
Expenses:
Purchase of goods from related party transaction	6,101	4,417	5,774
Promotora Industrial Azucarera, S.A. de C.V. | Sugar
Expenses:
Purchase of goods from related party transaction	2,841	2,213	2,123
Beta San Miguel | Sugar
Expenses:
Purchase of goods from related party transaction	724	938	1,023
Industria Envasadora de Querétaro, S.A. de C.V. (“IEQSA”) | Canned products
Expenses:
Purchase of goods from related party transaction	577	234	226
AdeS Alimentos y Bebidas
Expenses:
Purchase of goods from related party transaction	0	0	338
Leao Alimentos e Bebidas, L.T.D.A. | Inventories
Expenses:
Purchase of goods from related party transaction	215	1,320	1,253
Ecolab Inc | Materials
Expenses:
Purchase of goods from related party transaction	99	450	340
Grupo Televisa, S.A.B. de C.V. | Advertising
Expenses:
Services received, related party transaction	123	167	148
Grupo Nacional Provincial, S.A.B.
Expenses:
Services received, related party transaction	10	1	7
Fundacion FEMSA, A.C.
Expenses:
Donations to related party transactions	232	144	171
Difusion y Fomento Cultural, A.C.
Expenses:
Donations to related party transactions	20	32	55
Donations to ITESM
Expenses:
Donations to related party transactions	371	208	310
Industria Mexicana de Reciclaje, S.A. de C.V. (“IMER”) | Resine
Expenses:
Purchase of goods from related party transaction	$ 504	$ 416	$ 308

Balances and Transactions wit_5

Balances and Transactions with Related Parties and Affiliated Companies - Commitments (Details) - MXN ($) $ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Disclosure of transactions between related parties [line items]
Short-term employee benefits paid	$ 2,381	$ 1,934	$ 2,112
Postemployment benefits	53	52	45
Termination benefits	63	36	373
Share-based payments	$ 866	$ 853	$ 575
Heineken investment
Disclosure of transactions between related parties [line items]
Renewal option for supply contract	5 years
Restriction period from holding exclusive contract with another supplier at the end of the contract term	3 years

Balances and Transactions in _3

Balances and Transactions in Foreign Currencies - Balances (Details) - MXN ($) $ in Millions	Dec. 31, 2022	Dec. 31, 2021
Disclosure of Balances and Transactions in Foreign Currencies [line items]
Short-Term Assets	$ 40,637	$ 75,114
Long-Term Assets	2,336	2,308
Short-Term Liabilities	11,455	7,222
Long-Term Liabilities	136,744	153,343
U.S. dollars
Disclosure of Balances and Transactions in Foreign Currencies [line items]
Short-Term Assets	40,557	74,994
Long-Term Assets	978	983
Short-Term Liabilities	11,049	6,310
Long-Term Liabilities	111,962	125,447
Euros
Disclosure of Balances and Transactions in Foreign Currencies [line items]
Short-Term Assets	34	74
Long-Term Assets	0	0
Short-Term Liabilities	400	355
Long-Term Liabilities	24,782	27,896
Other currencies
Disclosure of Balances and Transactions in Foreign Currencies [line items]
Short-Term Assets	46	46
Long-Term Assets	1,358	1,325
Short-Term Liabilities	6	557
Long-Term Liabilities	$ 0	$ 0

Balances and Transactions in _4

Balances and Transactions in Foreign Currencies - Transactions (Details) $ in Millions, $ in Millions	12 Months Ended
	Dec. 31, 2022 USD ($)	[1]	Dec. 31, 2022 MXN ($)	Dec. 31, 2021 MXN ($)	Dec. 31, 2020 MXN ($)
Disclosure of Balances and Transactions in Foreign Currencies [line items]
Raw materials and consumables used			$ 114,857	$ 85,286	$ 79,896
Interest expense	$ 837		16,314	16,938	17,516
All Currencies Other Than Peso
Disclosure of Balances and Transactions in Foreign Currencies [line items]
Revenues			7,024	4,282	4,338
Other Operating Revenues			2,081	2,121	1,530
Raw materials and consumables used			25,500	20,090	16,436
Interest expense			2,637	4,837	14,192
Consulting Fees			1,038	843	503
Asset Acquisitions			47	188	79
Other			5,024	2,973	2,517
U.S. dollars
Disclosure of Balances and Transactions in Foreign Currencies [line items]
Revenues			6,373	4,261	4,213
Other Operating Revenues			2,080	2,107	1,478
Raw materials and consumables used			25,247	20,009	16,398
Interest expense			2,411	3,466	13,660
Consulting Fees			1,011	826	480
Asset Acquisitions			44	180	79
Other			4,245	2,908	2,413
Euros
Disclosure of Balances and Transactions in Foreign Currencies [line items]
Revenues			651	14
Other Operating Revenues			1
Raw materials and consumables used			253	81	35
Interest expense			226	1,371	0
Consulting Fees			11	16	20
Asset Acquisitions			3	8
Other			779	1	1
Other currencies
Disclosure of Balances and Transactions in Foreign Currencies [line items]
Revenues				7	125
Other Operating Revenues				14	52
Raw materials and consumables used					3
Interest expense					532
Consulting Fees			$ 16	1	3
Other				$ 64	$ 103
[1]Convenience translation to U.S. dollars ($) – See Note 2.2.3

Balances and Transactions in _5

Balances and Transactions in Foreign Currencies - Exchange Rates (Details)	Apr. 14, 2023 $ / $ $ / €	Dec. 31, 2022 $ / $ $ / €	Dec. 31, 2021 $ / $ $ / €
Disclosure of exchange rates [Line Items]
Exchange rate	18.0490	19.4960
U.S. dollars
Disclosure of exchange rates [Line Items]
Exchange rate		19.3615	20.5835
U.S. dollars | Abnormally large changes in asset prices or foreign exchange rates
Disclosure of exchange rates [Line Items]
Exchange rate	18.0638
Euros
Disclosure of exchange rates [Line Items]
Exchange rate | $ / €		20.7810	23.2753
Euros | Abnormally large changes in asset prices or foreign exchange rates
Disclosure of exchange rates [Line Items]
Exchange rate | $ / €	19.9740

Employee Benefits - Actuarial A

Employee Benefits - Actuarial Assumptions (Details)	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Financial:
Discount rate used to calculate the defined benefit obligation	9.90%	8%	7.20%
Salary increase	4.75%	4.50%	4.50%
Future pension increases	3.75%	3.50%	3.50%
Healthcare cost increase rate	6%	5.10%	5.10%
Biometric:
Normal retirement age	60 years	60 years	60 years

Employee Benefits - Expected Fu

Employee Benefits - Expected Future Benefit Payments (Details) $ in Millions	Dec. 31, 2022 MXN ($)
Disclosure of defined benefit plans [line items]
2023	$ 1,034
2024	572
2025	635
2026	624
2027	719
2028 to 2032	4,237
Pension and Retirement Plans
Disclosure of defined benefit plans [line items]
2023	747
2024	345
2025	419
2026	414
2027	509
2028 to 2032	3,118
Seniority Premiums
Disclosure of defined benefit plans [line items]
2023	266
2024	205
2025	192
2026	185
2027	182
2028 to 2032	928
Post-Retirement Medical Services
Disclosure of defined benefit plans [line items]
2023	21
2024	22
2025	24
2026	25
2027	28
2028 to 2032	$ 191

Employee Benefits - Liabilities

Employee Benefits - Liabilities for Employee Benefits (Details) - MXN ($) $ in Millions	Dec. 31, 2022	Dec. 31, 2021
Disclosure of defined benefit plans [line items]
Defined benefit obligation (plan funds)	$ 7,048	$ 7,600
Pension and Retirement Plans
Disclosure of defined benefit plans [line items]
Defined benefit obligation (plan funds)	4,640	5,063
Pension and Retirement Plans | Defined benefit obligation
Disclosure of defined benefit plans [line items]
Defined benefit obligation (plan funds)	15,113	8,015
Pension and Retirement Plans | Plan assets
Disclosure of defined benefit plans [line items]
Defined benefit obligation (plan funds)	(14,324)	(2,952)
Pension and Retirement Plans | Effect due to asset ceiling
Disclosure of defined benefit plans [line items]
Defined benefit obligation (plan funds)	3,851	0
Seniority Premiums
Disclosure of defined benefit plans [line items]
Defined benefit obligation (plan funds)	1,940	1,975
Seniority Premiums | Defined benefit obligation
Disclosure of defined benefit plans [line items]
Defined benefit obligation (plan funds)	2,068	2,108
Seniority Premiums | Plan assets
Disclosure of defined benefit plans [line items]
Defined benefit obligation (plan funds)	(128)	(133)
Post-Retirement Medical Services
Disclosure of defined benefit plans [line items]
Defined benefit obligation (plan funds)	468	562
Post-Retirement Medical Services | Defined benefit obligation
Disclosure of defined benefit plans [line items]
Defined benefit obligation (plan funds)	556	647
Post-Retirement Medical Services | Plan assets
Disclosure of defined benefit plans [line items]
Defined benefit obligation (plan funds)	$ (88)	$ (85)

Employee Benefits - Trust Asset

Employee Benefits - Trust Assets (Details)	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Subsidiaries
Variable return:
Plan asset investment for related parties, percentage	10%
Federal government instruments of the respective countries | Bottom of range
Variable return:
Fund assets, percentage	30%
Level 1
Variable return:
Trust assets fixed and variable return percentage	100%	100%
Level 1 | Traded securities
Fixed return:
Trust assets fixed return percentage	2%	17%
Level 1 | Bank instruments
Fixed return:
Trust assets fixed return percentage	13%	10%
Level 1 | Federal government instruments of the respective countries
Fixed return:
Trust assets fixed return percentage	52%	35%
Level 1 | Publicly traded shares
Variable return:
Trust assets variable return percentage	33%	38%

Employee Benefits - Securities

Employee Benefits - Securities in Related Parties Included in Portfolio Fund (Details) - MXN ($) $ in Millions	Dec. 31, 2022	Dec. 31, 2021
Debt | BBVA Bancomer, S.A de C.V.
Disclosure of defined benefit plans [line items]
Investments in securities	$ 9	$ 9
Debt | Grupo Industrial Bimbo, S.A.B. de C. V.
Disclosure of defined benefit plans [line items]
Investments in securities	5	5
Debt | El Puerto de Liverpool, S.A.B. de C.V.
Disclosure of defined benefit plans [line items]
Investments in securities	0	30
Debt | Grupo Financiero Scotiabank Inverlat, S.A. de C.V.
Disclosure of defined benefit plans [line items]
Investments in securities	0	10
Equity | Grupo Industrial Bimbo, S.A.B. de C. V.
Disclosure of defined benefit plans [line items]
Investments in securities	0	1
Equity | Alfa, S.A.B. de C.V.
Disclosure of defined benefit plans [line items]
Investments in securities	0	2
Equity | Grupo Aeroportuario del Suereste, S.A.B. de C.V.
Disclosure of defined benefit plans [line items]
Investments in securities	0	1
Equity | Others
Disclosure of defined benefit plans [line items]
Investments in securities	$ 0	$ 4

Employee Benefits - Amounts Rec

Employee Benefits - Amounts Recognized in the Income Statement and the Statement of Comprehensive Income (Details) $ in Millions, $ in Millions	12 Months Ended
	Dec. 31, 2022 USD ($)	[1]	Dec. 31, 2022 MXN ($)	Dec. 31, 2021 MXN ($)	Dec. 31, 2020 MXN ($)
Disclosure of net defined benefit liability (asset) [line items]
Current Service Cost			$ 1,130	$ 766	$ 729
Remeasurements of the Net Defined Benefit Liability	$ 34		661	296	(474)
Net benefit cost recognized in the consolidated statements of income
Disclosure of net defined benefit liability (asset) [line items]
Current Service Cost			894	724	655
Past Service Cost			236	42	73
Gain or Loss on Settlement or Curtailment			(276)	(82)	0
Net Interest on the Net Defined Benefit Liability			508	485	450
Net benefit cost recognized in the consolidated statements of income | Pension and Retirement Plans
Disclosure of net defined benefit liability (asset) [line items]
Current Service Cost			534	390	372
Past Service Cost			189	39	73
Gain or Loss on Settlement or Curtailment			(220)	(55)	0
Net Interest on the Net Defined Benefit Liability			313	319	305
Net benefit cost recognized in the consolidated statements of income | Seniority Premiums
Disclosure of net defined benefit liability (asset) [line items]
Current Service Cost			328	290	239
Past Service Cost			21	1	0
Gain or Loss on Settlement or Curtailment			(27)	(3)	0
Net Interest on the Net Defined Benefit Liability			150	114	91
Net benefit cost recognized in the consolidated statements of income | Post-Retirement Medical Services
Disclosure of net defined benefit liability (asset) [line items]
Current Service Cost			32	44	44
Past Service Cost			26	2	0
Gain or Loss on Settlement or Curtailment			(29)	(24)	0
Net Interest on the Net Defined Benefit Liability			45	52	54
Net benefit cost recognized in consolidated statements of accumulated other comprehensive income
Disclosure of net defined benefit liability (asset) [line items]
Remeasurements of the Net Defined Benefit Liability			1,689	2,812	2,849
Net benefit cost recognized in consolidated statements of accumulated other comprehensive income | Pension and Retirement Plans
Disclosure of net defined benefit liability (asset) [line items]
Remeasurements of the Net Defined Benefit Liability			1,686	1,757	2,024
Net benefit cost recognized in consolidated statements of accumulated other comprehensive income | Seniority Premiums
Disclosure of net defined benefit liability (asset) [line items]
Remeasurements of the Net Defined Benefit Liability			38	853	483
Net benefit cost recognized in consolidated statements of accumulated other comprehensive income | Post-Retirement Medical Services
Disclosure of net defined benefit liability (asset) [line items]
Remeasurements of the Net Defined Benefit Liability			$ (35)	$ 202	$ 342
[1]Convenience translation to U.S. dollars ($) – See Note 2.2.3

Employee Benefits - Roll forwar

Employee Benefits - Roll forward, Remeasurements of Employee Benefit Plans (Details) - MXN ($) $ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Disclosure of net defined benefit liability (asset) [line items]
Amount accumulated in other comprehensive income as of the beginning of the period, net of tax	$ 7,600
Amount accumulated in other comprehensive income as of the end of the period, net of tax	7,048	$ 7,600
Net benefit cost recognized in consolidated statements of accumulated other comprehensive income
Disclosure of net defined benefit liability (asset) [line items]
Amount accumulated in other comprehensive income as of the beginning of the period, net of tax	2,078	2,099	$ 1,624
Actuarial (gains) arising from exchange rates	(77)	11	(6)
Remeasurements during the year, net of tax	211	744	312
Actuarial losses and (gains) arising from changes in financial assumptions	(1,848)	(776)	139
Actuarial losses and (gains) arising from changes in demographic assumptions	(71)	0	27
Acquisitions	336
Return on plan assets	713
Changes in the effect of limiting a net defined benefit asset to the asset ceiling	319
Effect on settlement	0	0	3
Amount accumulated in other comprehensive income as of the end of the period, net of tax	$ 1,661	$ 2,078	$ 2,099

Employee Benefits - Rollforward

Employee Benefits - Rollforward, Balance of the Defined Benefit Obligation (Details) - MXN ($) $ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Disclosure of net defined benefit liability (asset) [line items]
Current service cost	$ 1,130	$ 766	$ 729
Pension and Retirement Plans | Defined benefit obligation | Mexican pesos
Disclosure of net defined benefit liability (asset) [line items]
Initial balance	8,015	7,679	7,193
Current service cost	534	390	372
Past service cost	163	2,881	73
Interest expense	687	527	506
Gain on settlement	(280)	(2,884)	0
Remeasurements of the net defined benefit obligation	(2,073)	(42)	326
Foreign exchange (gain) or loss	(134)	28	37
Benefits paid	(1,146)	(564)	(828)
Acquisitions	9,189	0	0
Change in consolidation scope	55
Employees contributions	103
Ending balance	15,113	8,015	7,679
Seniority premiums. | Defined benefit obligation | Mexican pesos
Disclosure of net defined benefit liability (asset) [line items]
Initial balance	2,108	1,763	1,237
Current service cost	328	290	239
Past service cost	7	836	0
Interest expense	160	124	101
Gain on settlement	(13)	(839)	13
Remeasurements of the net defined benefit obligation	(342)	112	309
Benefits paid	(180)	(178)	(136)
Ending balance	2,068	2,108	1,763
Post-Retirement Medical Services | Defined benefit obligation | Mexican pesos
Disclosure of net defined benefit liability (asset) [line items]
Initial balance	647	812	797
Current service cost	32	44	44
Past service cost	26	236	0
Interest expense	52	57	61
Gain on settlement	(29)	(271)	0
Remeasurements of the net defined benefit obligation	(136)	(191)	(59)
Benefits paid	(36)	(40)	(31)
Ending balance	$ 556	$ 647	$ 812

Employee Benefits - Rollforwa_2

Employee Benefits - Rollforward, Balance of Plan Assets (Details) - Plan assets - MXN ($) $ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Disclosure of net defined benefit liability (asset) [line items]
Initial balance	$ 3,170	$ 3,001	$ 2,880
Actual return on trust assets	(695)	152	113
Foreign exchange (gain) or loss	1	0	3
Life annuities	(3)	17	5
Acquisitions	12,417	0	0
Benefits paid	(533)	0	0
Past Service Cost	(101)	0	0
Change in consolidation scope	59	0	0
Employees contributions	103	0	0
Employer´s contributions	133	0	0
Administration cost	(11)	0	0
Ending balance	$ 14,540	$ 3,170	$ 3,001

Employee Benefits - Effect of v

Employee Benefits - Effect of variation in assumptions (Details) - MXN ($) $ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Disclosure of net defined benefit liability (asset) [line items]
Percentage of reasonably possible decrease in actuarial assumption	1%
Percentage of reasonably possible increase in actuarial assumption	1%
Current Service Cost	$ 1,130	$ 766	$ 729
Remeasurements of the Net Defined Benefit Liability (Assets)	7,048	7,600
Pension and Retirement Plans
Disclosure of net defined benefit liability (asset) [line items]
Remeasurements of the Net Defined Benefit Liability (Assets)	4,640	5,063
Seniority Premiums
Disclosure of net defined benefit liability (asset) [line items]
Remeasurements of the Net Defined Benefit Liability (Assets)	1,940	1,975
Post-Retirement Medical Services
Disclosure of net defined benefit liability (asset) [line items]
Remeasurements of the Net Defined Benefit Liability (Assets)	468	562
Net benefit cost recognized in the consolidated statements of income
Disclosure of net defined benefit liability (asset) [line items]
Current Service Cost	894	724	655
Gain or Loss on Settlement or Curtailment	276	82	0
Net Interest on the Net Defined Benefit Liability	508	485	450
Net benefit cost recognized in the consolidated statements of income | Pension and Retirement Plans
Disclosure of net defined benefit liability (asset) [line items]
Current Service Cost	534	390	372
Gain or Loss on Settlement or Curtailment	220	55	0
Net Interest on the Net Defined Benefit Liability	313	319	305
Net benefit cost recognized in the consolidated statements of income | Seniority Premiums
Disclosure of net defined benefit liability (asset) [line items]
Current Service Cost	328	290	239
Gain or Loss on Settlement or Curtailment	27	3	0
Net Interest on the Net Defined Benefit Liability	150	114	91
Net benefit cost recognized in the consolidated statements of income | Post-Retirement Medical Services
Disclosure of net defined benefit liability (asset) [line items]
Current Service Cost	32	44	44
Gain or Loss on Settlement or Curtailment	29	24	0
Net Interest on the Net Defined Benefit Liability	45	$ 52	$ 54
Net benefit cost recognized in the consolidated statements of income | Discount rate +1% | Actuarial assumption of discount rates
Disclosure of net defined benefit liability (asset) [line items]
Current Service Cost	1,013
Gain or Loss on Settlement or Curtailment	(253)
Net Interest on the Net Defined Benefit Liability	395
Net benefit cost recognized in the consolidated statements of income | Discount rate +1% | Actuarial assumption of discount rates | Pension and Retirement Plans
Disclosure of net defined benefit liability (asset) [line items]
Current Service Cost	640
Gain or Loss on Settlement or Curtailment	(203)
Net Interest on the Net Defined Benefit Liability	222
Net benefit cost recognized in the consolidated statements of income | Discount rate +1% | Actuarial assumption of discount rates | Seniority Premiums
Disclosure of net defined benefit liability (asset) [line items]
Current Service Cost	325
Gain or Loss on Settlement or Curtailment	(24)
Net Interest on the Net Defined Benefit Liability	135
Net benefit cost recognized in the consolidated statements of income | Discount rate +1% | Actuarial assumption of discount rates | Post-Retirement Medical Services
Disclosure of net defined benefit liability (asset) [line items]
Current Service Cost	48
Gain or Loss on Settlement or Curtailment	(26)
Net Interest on the Net Defined Benefit Liability	38
Net benefit cost recognized in the consolidated statements of income | Discount rate +1% | Actuarial assumption of expected rates of salary increases
Disclosure of net defined benefit liability (asset) [line items]
Current Service Cost	1,196
Gain or Loss on Settlement or Curtailment	(289)
Net Interest on the Net Defined Benefit Liability	550
Net benefit cost recognized in the consolidated statements of income | Discount rate +1% | Actuarial assumption of expected rates of salary increases | Pension and Retirement Plans
Disclosure of net defined benefit liability (asset) [line items]
Current Service Cost	764
Gain or Loss on Settlement or Curtailment	(232)
Net Interest on the Net Defined Benefit Liability	341
Net benefit cost recognized in the consolidated statements of income | Discount rate +1% | Actuarial assumption of expected rates of salary increases | Seniority Premiums
Disclosure of net defined benefit liability (asset) [line items]
Current Service Cost	374
Gain or Loss on Settlement or Curtailment	(28)
Net Interest on the Net Defined Benefit Liability	164
Net benefit cost recognized in the consolidated statements of income | Discount rate +1% | Actuarial assumption of expected rates of salary increases | Post-Retirement Medical Services
Disclosure of net defined benefit liability (asset) [line items]
Current Service Cost	58
Gain or Loss on Settlement or Curtailment	(29)
Net Interest on the Net Defined Benefit Liability	45
Net benefit cost recognized in the consolidated statements of income | Discount rate +1% | Postretirement medical services | Post-Retirement Medical Services
Disclosure of net defined benefit liability (asset) [line items]
Current Service Cost	71
Gain or Loss on Settlement or Curtailment	(32)
Net Interest on the Net Defined Benefit Liability	54
Net benefit cost recognized in the consolidated statements of income | Discount rate -1% | Actuarial assumption of discount rates
Disclosure of net defined benefit liability (asset) [line items]
Current Service Cost	1,211
Gain or Loss on Settlement or Curtailment	(293)
Net Interest on the Net Defined Benefit Liability	590
Net benefit cost recognized in the consolidated statements of income | Discount rate -1% | Actuarial assumption of discount rates | Pension and Retirement Plans
Disclosure of net defined benefit liability (asset) [line items]
Current Service Cost	767
Gain or Loss on Settlement or Curtailment	(233)
Net Interest on the Net Defined Benefit Liability	370
Net benefit cost recognized in the consolidated statements of income | Discount rate -1% | Actuarial assumption of discount rates | Seniority Premiums
Disclosure of net defined benefit liability (asset) [line items]
Current Service Cost	374
Gain or Loss on Settlement or Curtailment	(28)
Net Interest on the Net Defined Benefit Liability	166
Net benefit cost recognized in the consolidated statements of income | Discount rate -1% | Actuarial assumption of discount rates | Post-Retirement Medical Services
Disclosure of net defined benefit liability (asset) [line items]
Current Service Cost	70
Gain or Loss on Settlement or Curtailment	(32)
Net Interest on the Net Defined Benefit Liability	54
Net benefit cost recognized in the consolidated statements of income | Discount rate -1% | Actuarial assumption of expected rates of salary increases
Disclosure of net defined benefit liability (asset) [line items]
Current Service Cost	1,026
Gain or Loss on Settlement or Curtailment	(256)
Net Interest on the Net Defined Benefit Liability	437
Net benefit cost recognized in the consolidated statements of income | Discount rate -1% | Actuarial assumption of expected rates of salary increases | Pension and Retirement Plans
Disclosure of net defined benefit liability (asset) [line items]
Current Service Cost	644
Gain or Loss on Settlement or Curtailment	(203)
Net Interest on the Net Defined Benefit Liability	256
Net benefit cost recognized in the consolidated statements of income | Discount rate -1% | Actuarial assumption of expected rates of salary increases | Seniority Premiums
Disclosure of net defined benefit liability (asset) [line items]
Current Service Cost	324
Gain or Loss on Settlement or Curtailment	(24)
Net Interest on the Net Defined Benefit Liability	136
Net benefit cost recognized in the consolidated statements of income | Discount rate -1% | Actuarial assumption of expected rates of salary increases | Post-Retirement Medical Services
Disclosure of net defined benefit liability (asset) [line items]
Current Service Cost	58
Gain or Loss on Settlement or Curtailment	(29)
Net Interest on the Net Defined Benefit Liability	45
Net benefit cost recognized in the consolidated statements of income | Discount rate -1% | Postretirement medical services | Post-Retirement Medical Services
Disclosure of net defined benefit liability (asset) [line items]
Current Service Cost	47
Gain or Loss on Settlement or Curtailment	(26)
Net Interest on the Net Defined Benefit Liability	38
Net Benefit Cost Recognized In Consolidated Statements Of Other Comprehensive Income Member | Discount rate +1% | Actuarial assumption of discount rates
Disclosure of net defined benefit liability (asset) [line items]
Remeasurements of the Net Defined Benefit Liability (Assets)	1,488
Net Benefit Cost Recognized In Consolidated Statements Of Other Comprehensive Income Member | Discount rate +1% | Actuarial assumption of discount rates | Pension and Retirement Plans
Disclosure of net defined benefit liability (asset) [line items]
Remeasurements of the Net Defined Benefit Liability (Assets)	1,478
Net Benefit Cost Recognized In Consolidated Statements Of Other Comprehensive Income Member | Discount rate +1% | Actuarial assumption of discount rates | Seniority Premiums
Disclosure of net defined benefit liability (asset) [line items]
Remeasurements of the Net Defined Benefit Liability (Assets)	36
Net Benefit Cost Recognized In Consolidated Statements Of Other Comprehensive Income Member | Discount rate +1% | Actuarial assumption of discount rates | Post-Retirement Medical Services
Disclosure of net defined benefit liability (asset) [line items]
Remeasurements of the Net Defined Benefit Liability (Assets)	(26)
Net Benefit Cost Recognized In Consolidated Statements Of Other Comprehensive Income Member | Discount rate +1% | Actuarial assumption of expected rates of salary increases
Disclosure of net defined benefit liability (asset) [line items]
Remeasurements of the Net Defined Benefit Liability (Assets)	1,703
Net Benefit Cost Recognized In Consolidated Statements Of Other Comprehensive Income Member | Discount rate +1% | Actuarial assumption of expected rates of salary increases | Pension and Retirement Plans
Disclosure of net defined benefit liability (asset) [line items]
Remeasurements of the Net Defined Benefit Liability (Assets)	1,689
Net Benefit Cost Recognized In Consolidated Statements Of Other Comprehensive Income Member | Discount rate +1% | Actuarial assumption of expected rates of salary increases | Seniority Premiums
Disclosure of net defined benefit liability (asset) [line items]
Remeasurements of the Net Defined Benefit Liability (Assets)	49
Net Benefit Cost Recognized In Consolidated Statements Of Other Comprehensive Income Member | Discount rate +1% | Actuarial assumption of expected rates of salary increases | Post-Retirement Medical Services
Disclosure of net defined benefit liability (asset) [line items]
Remeasurements of the Net Defined Benefit Liability (Assets)	(35)
Net Benefit Cost Recognized In Consolidated Statements Of Other Comprehensive Income Member | Discount rate +1% | Postretirement medical services | Post-Retirement Medical Services
Disclosure of net defined benefit liability (asset) [line items]
Remeasurements of the Net Defined Benefit Liability (Assets)	(47)
Net Benefit Cost Recognized In Consolidated Statements Of Other Comprehensive Income Member | Discount rate -1% | Actuarial assumption of discount rates
Disclosure of net defined benefit liability (asset) [line items]
Remeasurements of the Net Defined Benefit Liability (Assets)	1,771
Net Benefit Cost Recognized In Consolidated Statements Of Other Comprehensive Income Member | Discount rate -1% | Actuarial assumption of discount rates | Pension and Retirement Plans
Disclosure of net defined benefit liability (asset) [line items]
Remeasurements of the Net Defined Benefit Liability (Assets)	1,772
Net Benefit Cost Recognized In Consolidated Statements Of Other Comprehensive Income Member | Discount rate -1% | Actuarial assumption of discount rates | Seniority Premiums
Disclosure of net defined benefit liability (asset) [line items]
Remeasurements of the Net Defined Benefit Liability (Assets)	46
Net Benefit Cost Recognized In Consolidated Statements Of Other Comprehensive Income Member | Discount rate -1% | Actuarial assumption of discount rates | Post-Retirement Medical Services
Disclosure of net defined benefit liability (asset) [line items]
Remeasurements of the Net Defined Benefit Liability (Assets)	(47)
Net Benefit Cost Recognized In Consolidated Statements Of Other Comprehensive Income Member | Discount rate -1% | Actuarial assumption of expected rates of salary increases
Disclosure of net defined benefit liability (asset) [line items]
Remeasurements of the Net Defined Benefit Liability (Assets)	1,544
Net Benefit Cost Recognized In Consolidated Statements Of Other Comprehensive Income Member | Discount rate -1% | Actuarial assumption of expected rates of salary increases | Pension and Retirement Plans
Disclosure of net defined benefit liability (asset) [line items]
Remeasurements of the Net Defined Benefit Liability (Assets)	1,551
Net Benefit Cost Recognized In Consolidated Statements Of Other Comprehensive Income Member | Discount rate -1% | Actuarial assumption of expected rates of salary increases | Seniority Premiums
Disclosure of net defined benefit liability (asset) [line items]
Remeasurements of the Net Defined Benefit Liability (Assets)	28
Net Benefit Cost Recognized In Consolidated Statements Of Other Comprehensive Income Member | Discount rate -1% | Actuarial assumption of expected rates of salary increases | Post-Retirement Medical Services
Disclosure of net defined benefit liability (asset) [line items]
Remeasurements of the Net Defined Benefit Liability (Assets)	(35)
Net Benefit Cost Recognized In Consolidated Statements Of Other Comprehensive Income Member | Discount rate -1% | Postretirement medical services | Post-Retirement Medical Services
Disclosure of net defined benefit liability (asset) [line items]
Remeasurements of the Net Defined Benefit Liability (Assets)	$ (25)

Employee Benefits - Employee Be

Employee Benefits - Employee Benefit Expenses (Details) - MXN ($) $ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Employee Benefits [Abstract]
Wages and salaries	$ 83,433	$ 70,238	$ 68,312
Social security costs	13,511	11,737	11,595
Employee profit sharing	2,598	2,035	1,112
Post-employment benefits	1,151	1,176	1,002
Share-based payments	866	854	575
Termination benefits	231	259	201
Employee benefits expense	$ 101,790	$ 86,299	$ 82,797

Bonus Programs - Quantitative a

Bonus Programs - Quantitative and Qualitative Objectives (Details) - MXN ($) $ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2015
Disclosure of terms and conditions of share-based payment arrangement [line items]
Percentage of bonus	50%
Percentage of annual bonus	50%
Vesting period	4 years			6 years
Compensation expense	$ 866	$ 853	$ 575
Top of range
Disclosure of terms and conditions of share-based payment arrangement [line items]
Percentage of economic value added	70%
Bottom of range
Disclosure of terms and conditions of share-based payment arrangement [line items]
Percentage of economic value added	30%

Bonus Programs - Summary of Num

Bonus Programs - Summary of Number of Shares Held by the Trust (Details) $ in Millions	12 Months Ended
	Dec. 31, 2022 MXN ($) shares	Dec. 31, 2021 MXN ($) shares
Disclosure of terms and conditions of share-based payment arrangement [line items]
Fair value of shares held by trust | $	$ 1,117	$ 706
FEMSA UBD
Disclosure of terms and conditions of share-based payment arrangement [line items]
Number of other equity instruments outstanding in share-based payment arrangement at beginning of period (in shares)	3,672,586	3,414,900
Shares acquired by the administrative trust to employees (in shares)	4,256,433	2,221,136
Number of other equity instruments exercised or vested in share-based payment arrangement	(2,206,000)	(1,963,450)
Number of other equity instruments outstanding in share-based payment arrangement at end of period (in shares)	5,723,019	3,672,586
KOFL UBL
Disclosure of terms and conditions of share-based payment arrangement [line items]
Number of other equity instruments outstanding in share-based payment arrangement at beginning of period (in shares)	1,701,074	1,360,158
Shares acquired by the administrative trust to employees (in shares)	1,266,283	921,125
Number of other equity instruments exercised or vested in share-based payment arrangement	(1,106,978)	(580,209)
Number of other equity instruments outstanding in share-based payment arrangement at end of period (in shares)	1,860,379	1,701,074

Bank Loans and Notes Payable -

Bank Loans and Notes Payable - Summary of Detailed Information About Borrowings (Details) $ in Millions, $ in Millions	Dec. 31, 2022 USD ($)		Dec. 31, 2022 MXN ($)	Dec. 31, 2021 MXN ($)
Colombian pesos | Short term Bank loans | Fixed interest rate
Disclosure of detailed information about borrowings [line items]
Bank loans and notes payable				$ 311
Borrowings, interest rate				2.50%
Colombian pesos | Long term Bank loans | Floating interest rate
Disclosure of detailed information about borrowings [line items]
Long-term debt			$ 33	$ 10
Borrowings, interest rate	5.90%		5.90%	4.50%
Colombian pesos | At fair value | Long term Bank loans | Floating interest rate
Disclosure of detailed information about borrowings [line items]
Long-term debt			$ 33
Colombian pesos | Current year | Long term Bank loans | Floating interest rate
Disclosure of detailed information about borrowings [line items]
Long-term debt			$ 33
Borrowings, interest rate	5.90%		5.90%
Swiss franc | Long Term, Promissory Note | Fixed interest rate
Disclosure of detailed information about borrowings [line items]
Long-term debt			$ 482
Borrowings, interest rate	0.80%		0.80%
Swiss franc | Long Term, Promissory Note | Floating interest rate
Disclosure of detailed information about borrowings [line items]
Long-term debt				$ 691
Borrowings, interest rate				0.80%
Swiss franc | At fair value | Long Term, Promissory Note | Fixed interest rate
Disclosure of detailed information about borrowings [line items]
Long-term debt			$ 482
Swiss franc | At fair value | Long Term, Promissory Note | Floating interest rate
Disclosure of detailed information about borrowings [line items]
Long-term debt				$ 691
Swiss franc | Year one | Long Term, Promissory Note | Fixed interest rate
Disclosure of detailed information about borrowings [line items]
Long-term debt			$ 482
Borrowings, interest rate	0.80%		0.80%
Swiss franc | Year one | Long Term, Promissory Note | Floating interest rate
Disclosure of detailed information about borrowings [line items]
Long-term debt				$ 691
Borrowings, interest rate				0.80%
Argentine pesos | Short term Bank loans | Fixed interest rate
Disclosure of detailed information about borrowings [line items]
Bank loans and notes payable				$ 461
Borrowings, interest rate				41%
Chilean pesos | Short term Bank loans | Fixed interest rate
Disclosure of detailed information about borrowings [line items]
Bank loans and notes payable			$ 1,072	$ 261
Borrowings, interest rate	12.30%		12.30%	0.70%
Chilean pesos | Long term Bank loans | Fixed interest rate
Disclosure of detailed information about borrowings [line items]
Long-term debt			$ 317	$ 338
Borrowings, interest rate	1.20%		1.20%	1.20%
Chilean pesos | Long term Bank loans | Floating interest rate
Disclosure of detailed information about borrowings [line items]
Long-term debt			$ 271	$ 858
Borrowings, interest rate	4.90%		4.90%	1.80%
Chilean pesos | At fair value | Short term Bank loans | Fixed interest rate
Disclosure of detailed information about borrowings [line items]
Bank loans and notes payable			$ 1,072
Chilean pesos | At fair value | Long term Bank loans | Fixed interest rate
Disclosure of detailed information about borrowings [line items]
Long-term debt			317
Chilean pesos | At fair value | Long term Bank loans | Floating interest rate
Disclosure of detailed information about borrowings [line items]
Long-term debt			272
Chilean pesos | Current year | Short term Bank loans | Fixed interest rate
Disclosure of detailed information about borrowings [line items]
Bank loans and notes payable			$ 1,072
Borrowings, interest rate	12.30%		12.30%
Chilean pesos | Current year | Long term Bank loans | Fixed interest rate
Disclosure of detailed information about borrowings [line items]
Long-term debt			$ 317
Borrowings, interest rate	1.20%		1.20%
Chilean pesos | Current year | Long term Bank loans | Floating interest rate
Disclosure of detailed information about borrowings [line items]
Long-term debt			$ 271
Borrowings, interest rate	4.90%		4.90%
U.S. dollars | Long term Bank loans | Fixed interest rate
Disclosure of detailed information about borrowings [line items]
Long-term debt			$ 2,320	$ 2,352
Borrowings, interest rate	5.10%		5.10%	3.60%
U.S. dollars | Long term borrowings Yankee bond | Fixed interest rate
Disclosure of detailed information about borrowings [line items]
Long-term debt			$ 41,429	$ 52,255
Borrowings, interest rate	3.10%		3.10%	3.10%
U.S. dollars | Long term borrowings Bank of NY (FEMSA USD 2023) | Fixed interest rate
Disclosure of detailed information about borrowings [line items]
Long-term debt			$ 5,808	$ 6,170
Borrowings, interest rate	2.90%		2.90%	2.90%
U.S. dollars | Long term borrowings Bank of NY (FEMSA USD 2043) | Fixed interest rate
Disclosure of detailed information about borrowings [line items]
Long-term debt			$ 13,405	$ 14,262
Borrowings, interest rate	4.40%		4.40%	4.40%
U.S. dollars | Bank of NY (FEMSA USD 2050) | Fixed interest rate
Disclosure of detailed information about borrowings [line items]
Long-term debt			$ 48,170	$ 51,174
Borrowings, interest rate	3.50%		3.50%	3.50%
U.S. dollars | At fair value | Long term Bank loans | Fixed interest rate
Disclosure of detailed information about borrowings [line items]
Long-term debt			$ 2,320
U.S. dollars | At fair value | Long term borrowings Yankee bond | Fixed interest rate
Disclosure of detailed information about borrowings [line items]
Long-term debt			37,058
U.S. dollars | At fair value | Long term borrowings Bank of NY (FEMSA USD 2023) | Fixed interest rate
Disclosure of detailed information about borrowings [line items]
Long-term debt			5,777
U.S. dollars | At fair value | Long term borrowings Bank of NY (FEMSA USD 2043) | Fixed interest rate
Disclosure of detailed information about borrowings [line items]
Long-term debt			11,178
U.S. dollars | At fair value | Bank of NY (FEMSA USD 2050) | Fixed interest rate
Disclosure of detailed information about borrowings [line items]
Long-term debt			34,088
U.S. dollars | Current year | Long term borrowings Yankee bond | Fixed interest rate
Disclosure of detailed information about borrowings [line items]
Long-term debt			$ 1
Borrowings, interest rate	3.10%		3.10%
U.S. dollars | Current year | Long term borrowings Bank of NY (FEMSA USD 2023) | Fixed interest rate
Disclosure of detailed information about borrowings [line items]
Long-term debt			$ 5,808
Borrowings, interest rate	2.90%		2.90%
U.S. dollars | Year one | Long term Bank loans | Fixed interest rate
Disclosure of detailed information about borrowings [line items]
Long-term debt			$ 2,256
Borrowings, interest rate	5%		5%
U.S. dollars | Year two | Long term Bank loans | Fixed interest rate
Disclosure of detailed information about borrowings [line items]
Long-term debt			$ 63
Borrowings, interest rate	6.80%		6.80%
U.S. dollars | Year five and thereafter | Long term borrowings Yankee bond | Fixed interest rate
Disclosure of detailed information about borrowings [line items]
Long-term debt			$ 41,428
Borrowings, interest rate	3.10%		3.10%
U.S. dollars | Year five and thereafter | Long term borrowings Bank of NY (FEMSA USD 2043) | Fixed interest rate
Disclosure of detailed information about borrowings [line items]
Long-term debt			$ 13,405
Borrowings, interest rate	4.40%		4.40%
U.S. dollars | Year five and thereafter | Bank of NY (FEMSA USD 2050) | Fixed interest rate
Disclosure of detailed information about borrowings [line items]
Long-term debt			$ 48,170
Borrowings, interest rate	3.50%		3.50%
Uruguay, Pesos | Short term Bank loans | Fixed interest rate
Disclosure of detailed information about borrowings [line items]
Bank loans and notes payable				$ 184
Borrowings, interest rate				6%
Uruguay, Pesos | Long term Bank loans | Fixed interest rate
Disclosure of detailed information about borrowings [line items]
Long-term debt			$ 976	$ 1,186
Borrowings, interest rate	6.30%		6.30%	6.70%
Uruguay, Pesos | At fair value | Long term Bank loans | Fixed interest rate
Disclosure of detailed information about borrowings [line items]
Long-term debt			$ 976
Uruguay, Pesos | Current year | Long term Bank loans | Fixed interest rate
Disclosure of detailed information about borrowings [line items]
Long-term debt			$ 976
Borrowings, interest rate	6.30%		6.30%
Guatemalan quetzal | Short term Bank loans | Fixed interest rate
Disclosure of detailed information about borrowings [line items]
Bank loans and notes payable				$ 26
Borrowings, interest rate				6.30%
Brazilian reais | Long term Bank loans | Fixed interest rate
Disclosure of detailed information about borrowings [line items]
Long-term debt			$ 56	$ 94
Borrowings, interest rate	7%		7%	6.20%
Brazilian reais | Long term Bank loans | Floating interest rate
Disclosure of detailed information about borrowings [line items]
Long-term debt			$ 28	$ 5
Borrowings, interest rate	9.80%		9.80%	9%
Brazilian reais | At fair value | Long term Bank loans | Fixed interest rate
Disclosure of detailed information about borrowings [line items]
Long-term debt			$ 56
Brazilian reais | At fair value | Long term Bank loans | Floating interest rate
Disclosure of detailed information about borrowings [line items]
Long-term debt			28
Brazilian reais | Current year | Long term Bank loans | Fixed interest rate
Disclosure of detailed information about borrowings [line items]
Long-term debt			$ 35
Borrowings, interest rate	7%		7%
Brazilian reais | Current year | Long term Bank loans | Floating interest rate
Disclosure of detailed information about borrowings [line items]
Long-term debt			$ 12
Borrowings, interest rate	9.80%		9.80%
Brazilian reais | Year one | Long term Bank loans | Fixed interest rate
Disclosure of detailed information about borrowings [line items]
Long-term debt			$ 21
Borrowings, interest rate	7%		7%
Brazilian reais | Year one | Long term Bank loans | Floating interest rate
Disclosure of detailed information about borrowings [line items]
Long-term debt				$ 7
Borrowings, interest rate				9.70%
Brazilian reais | Year two | Long term Bank loans | Floating interest rate
Disclosure of detailed information about borrowings [line items]
Long-term debt				$ 6
Borrowings, interest rate				9.80%
Brazilian reais | Year three | Long term Bank loans | Floating interest rate
Disclosure of detailed information about borrowings [line items]
Long-term debt				$ 3
Borrowings, interest rate				9.80%
Euros | Long Term, Promissory Note | Fixed interest rate
Disclosure of detailed information about borrowings [line items]
Long-term debt			$ 2,448
Borrowings, interest rate	1.40%		1.40%
Euros | Long Term, Promissory Note | Floating interest rate
Disclosure of detailed information about borrowings [line items]
Long-term debt				$ 2,560
Borrowings, interest rate				1.10%
Euros | Senior unsecured notes | Fixed interest rate
Disclosure of detailed information about borrowings [line items]
Long-term debt			$ 24,563	$ 27,646
Borrowings, interest rate	0.80%		0.80%	0.70%
Euros | At fair value | Long Term, Promissory Note | Fixed interest rate
Disclosure of detailed information about borrowings [line items]
Long-term debt			$ 2,448
Euros | At fair value | Long Term, Promissory Note | Floating interest rate
Disclosure of detailed information about borrowings [line items]
Long-term debt				$ 2,560
Euros | At fair value | Senior unsecured notes | Fixed interest rate
Disclosure of detailed information about borrowings [line items]
Long-term debt			18,979
Euros | Current year | Long Term, Promissory Note | Fixed interest rate
Disclosure of detailed information about borrowings [line items]
Long-term debt			$ 1,270
Borrowings, interest rate	1.20%		1.20%
Euros | Year one | Long Term, Promissory Note | Fixed interest rate
Disclosure of detailed information about borrowings [line items]
Long-term debt			$ 682
Borrowings, interest rate	1.10%		1.10%
Euros | Year one | Long Term, Promissory Note | Floating interest rate
Disclosure of detailed information about borrowings [line items]
Long-term debt				$ 1,115
Borrowings, interest rate				1.10%
Euros | Year four | Long Term, Promissory Note | Fixed interest rate
Disclosure of detailed information about borrowings [line items]
Long-term debt			$ 186
Borrowings, interest rate	2.10%		2.10%
Euros | Year four | Long Term, Promissory Note | Floating interest rate
Disclosure of detailed information about borrowings [line items]
Long-term debt				$ 929
Borrowings, interest rate				1%
Euros | Year five and thereafter | Long Term, Promissory Note | Fixed interest rate
Disclosure of detailed information about borrowings [line items]
Long-term debt			$ 310
Borrowings, interest rate	2.40%		2.40%
Euros | Year five and thereafter | Long Term, Promissory Note | Floating interest rate
Disclosure of detailed information about borrowings [line items]
Long-term debt				$ 516
Borrowings, interest rate				1.20%
Euros | Year five and thereafter | Senior unsecured notes | Fixed interest rate
Disclosure of detailed information about borrowings [line items]
Long-term debt			$ 24,563
Borrowings, interest rate	0.70%		0.70%
Mexican pesos | Short term Bank loans | Floating interest rate
Disclosure of detailed information about borrowings [line items]
Bank loans and notes payable			$ 790	$ 760
Borrowings, interest rate	12.50%		12.50%	5.90%
Mexican pesos | Long term Bank loans | Fixed interest rate
Disclosure of detailed information about borrowings [line items]
Long-term debt			$ 429	$ 305
Borrowings, interest rate	10%		10%	5.70%
Mexican pesos | Long term Bank loans | Floating interest rate
Disclosure of detailed information about borrowings [line items]
Long-term debt			$ 542	$ 330
Borrowings, interest rate	12.90%		12.90%	6.50%
Mexican pesos | Domestic senior notes | Fixed interest rate
Disclosure of detailed information about borrowings [line items]
Long-term debt			$ 31,438	$ 25,947
Borrowings, interest rate	7.50%		7.50%	7%
Mexican pesos | Domestic senior notes | Floating interest rate
Disclosure of detailed information about borrowings [line items]
Long-term debt			$ 4,650	$ 5,650
Borrowings, interest rate	10.40%		10.40%	5.40%
Mexican pesos | CEBUR MXN L22 | Fixed interest rate
Disclosure of detailed information about borrowings [line items]
Long-term debt			$ 827
Borrowings, interest rate	10.90%		10.90%
Mexican pesos | CEMR MXN L22-2L | Fixed interest rate
Disclosure of detailed information about borrowings [line items]
Long-term debt			$ 8,436
Borrowings, interest rate	9.70%		9.70%
Mexican pesos | At fair value | Short term Bank loans | Floating interest rate
Disclosure of detailed information about borrowings [line items]
Bank loans and notes payable			$ 790
Mexican pesos | At fair value | Long term Bank loans | Fixed interest rate
Disclosure of detailed information about borrowings [line items]
Long-term debt			429
Mexican pesos | At fair value | Long term Bank loans | Floating interest rate
Disclosure of detailed information about borrowings [line items]
Long-term debt			542
Mexican pesos | At fair value | Domestic senior notes | Fixed interest rate
Disclosure of detailed information about borrowings [line items]
Long-term debt			29,191
Mexican pesos | At fair value | Domestic senior notes | Floating interest rate
Disclosure of detailed information about borrowings [line items]
Long-term debt			4,556
Mexican pesos | At fair value | CEBUR MXN L22 | Fixed interest rate
Disclosure of detailed information about borrowings [line items]
Long-term debt			831
Mexican pesos | At fair value | CEMR MXN L22-2L | Fixed interest rate
Disclosure of detailed information about borrowings [line items]
Long-term debt			8,638
Mexican pesos | Current year | Short term Bank loans | Floating interest rate
Disclosure of detailed information about borrowings [line items]
Bank loans and notes payable			$ 790
Borrowings, interest rate	12.50%		12.50%
Mexican pesos | Current year | Long term Bank loans | Fixed interest rate
Disclosure of detailed information about borrowings [line items]
Long-term debt			$ 117
Borrowings, interest rate	9.80%		9.80%
Mexican pesos | Current year | Long term Bank loans | Floating interest rate
Disclosure of detailed information about borrowings [line items]
Long-term debt			$ 139
Borrowings, interest rate	1,290%		1,290%
Mexican pesos | Current year | Domestic senior notes | Fixed interest rate
Disclosure of detailed information about borrowings [line items]
Long-term debt			$ 7,500
Borrowings, interest rate	5.50%		5.50%
Mexican pesos | Year one | Long term Bank loans | Fixed interest rate
Disclosure of detailed information about borrowings [line items]
Long-term debt			$ 110
Borrowings, interest rate	9.60%		9.60%
Mexican pesos | Year one | Long term Bank loans | Floating interest rate
Disclosure of detailed information about borrowings [line items]
Long-term debt			$ 213
Borrowings, interest rate	12.80%		12.80%
Mexican pesos | Year two | Long term Bank loans | Fixed interest rate
Disclosure of detailed information about borrowings [line items]
Long-term debt			$ 107
Borrowings, interest rate	9.60%		9.60%
Mexican pesos | Year two | Long term Bank loans | Floating interest rate
Disclosure of detailed information about borrowings [line items]
Long-term debt			$ 95
Borrowings, interest rate	13.10%		13.10%
Mexican pesos | Year two | Domestic senior notes | Floating interest rate
Disclosure of detailed information about borrowings [line items]
Long-term debt				$ 1,727
Borrowings, interest rate				10.40%
Mexican pesos | Year three | Long term Bank loans | Fixed interest rate
Disclosure of detailed information about borrowings [line items]
Long-term debt			$ 57
Borrowings, interest rate	10.90%		10.90%
Mexican pesos | Year three | Long term Bank loans | Floating interest rate
Disclosure of detailed information about borrowings [line items]
Long-term debt			$ 78
Borrowings, interest rate	13.10%		13.10%
Mexican pesos | Year three | Domestic senior notes | Floating interest rate
Disclosure of detailed information about borrowings [line items]
Long-term debt			$ 2,923
Borrowings, interest rate	10.40%		10.40%
Mexican pesos | Year four | Long term Bank loans | Fixed interest rate
Disclosure of detailed information about borrowings [line items]
Long-term debt			$ 38
Borrowings, interest rate	11.70%		11.70%
Mexican pesos | Year four | Long term Bank loans | Floating interest rate
Disclosure of detailed information about borrowings [line items]
Long-term debt			$ 17
Borrowings, interest rate	12.70%		12.70%
Mexican pesos | Year four | Domestic senior notes | Fixed interest rate
Disclosure of detailed information about borrowings [line items]
Long-term debt			$ 8,493
Borrowings, interest rate	7.90%		7.90%
Mexican pesos | Year four | CEBUR MXN L22 | Fixed interest rate
Disclosure of detailed information about borrowings [line items]
Long-term debt			$ 827
Borrowings, interest rate	10.90%		10.90%
Mexican pesos | Year five and thereafter | Domestic senior notes | Fixed interest rate
Disclosure of detailed information about borrowings [line items]
Long-term debt			$ 15,445
Borrowings, interest rate	8.30%		8.30%
Mexican pesos | Year five and thereafter | CEMR MXN L22-2L | Fixed interest rate
Disclosure of detailed information about borrowings [line items]
Long-term debt			$ 8,436
Borrowings, interest rate	9.70%		9.70%
Bank loans and notes payable	$ 96	[1]	$ 1,862	$ 2,003
Long-term debt			189,879	188,582
Current portion of long term debt	(845)	[1]	(16,479)	(2,637)
Bank loans and notes payable	$ 8,894	[1]	173,400	185,945
Fixed interest rate
Disclosure of detailed information about borrowings [line items]
Long-term debt			181,104	181,729
Floating interest rate
Disclosure of detailed information about borrowings [line items]
Bank loans and notes payable			1,862	2,003
Long-term debt			8,775	6,853
Current portion of long term debt			(16,479)	(2,637)
Bank loans and notes payable			191,741	$ 190,585
At fair value
Disclosure of detailed information about borrowings [line items]
Long-term debt			161,450
At fair value | Fixed interest rate
Disclosure of detailed information about borrowings [line items]
Long-term debt			152,768
At fair value | Floating interest rate
Disclosure of detailed information about borrowings [line items]
Bank loans and notes payable			1,862
Long-term debt			8,682
Current year
Disclosure of detailed information about borrowings [line items]
Long-term debt			16,479
Current year | Fixed interest rate
Disclosure of detailed information about borrowings [line items]
Long-term debt			16,024
Current year | Floating interest rate
Disclosure of detailed information about borrowings [line items]
Bank loans and notes payable			1,862
Long-term debt			455
Year one
Disclosure of detailed information about borrowings [line items]
Long-term debt			5,577
Year one | Fixed interest rate
Disclosure of detailed information about borrowings [line items]
Long-term debt			3,551
Year one | Floating interest rate
Disclosure of detailed information about borrowings [line items]
Long-term debt			2,026
Year two
Disclosure of detailed information about borrowings [line items]
Long-term debt			1,998
Year two | Fixed interest rate
Disclosure of detailed information about borrowings [line items]
Long-term debt			170
Year two | Floating interest rate
Disclosure of detailed information about borrowings [line items]
Long-term debt			1,828
Year three
Disclosure of detailed information about borrowings [line items]
Long-term debt			3,061
Year three | Fixed interest rate
Disclosure of detailed information about borrowings [line items]
Long-term debt			57
Year three | Floating interest rate
Disclosure of detailed information about borrowings [line items]
Long-term debt			3,004
Year four
Disclosure of detailed information about borrowings [line items]
Long-term debt			10,490
Year four | Fixed interest rate
Disclosure of detailed information about borrowings [line items]
Long-term debt			9,544
Year four | Floating interest rate
Disclosure of detailed information about borrowings [line items]
Long-term debt			946
Year five and thereafter
Disclosure of detailed information about borrowings [line items]
Long-term debt			152,273
Year five and thereafter | Fixed interest rate
Disclosure of detailed information about borrowings [line items]
Long-term debt			151,757
Year five and thereafter | Floating interest rate
Disclosure of detailed information about borrowings [line items]
Long-term debt			$ 516
[1]Convenience translation to U.S. dollars ($) – See Note 2.2.3

Bank Loans and Notes Payable _2

Bank Loans and Notes Payable - Hedging derivatives (Details) $ in Millions	12 Months Ended
	Dec. 31, 2022 USD ($)		Dec. 31, 2022 MXN ($)	Dec. 31, 2021 MXN ($)	Dec. 31, 2020 MXN ($)
Disclosure of financial instruments by type of interest rate [line items]
Market value gain on financial instruments	$ (36)	[1]	$ (706,000,000)	$ 38,000,000	$ (264,000,000)
9.4% variable to 4.4% fixed interest rate | Currency swap contract
Disclosure of financial instruments by type of interest rate [line items]
Face amount			$ 8,869,000,000
Interest pay rate	9.40%		9.40%
Interest receive rate	4.40%		4.40%
7.4% variable to 7.2% fixed interest rate | Interest rate swaps
Disclosure of financial instruments by type of interest rate [line items]
Interest pay rate	7.20%		7.20%
Interest receive rate	7%		7%
7.0% variable to 4.0% fixed interest rate | Currency swap contract
Disclosure of financial instruments by type of interest rate [line items]
Interest pay rate	7%		7%
7.0% variable to 4.0% fixed interest rate | Interest rate swaps
Disclosure of financial instruments by type of interest rate [line items]
Interest pay rate	4%		4%
BRL/USD | Fixed to variable interest rate | Currency swap contract
Disclosure of financial instruments by type of interest rate [line items]
Face amount			$ 6,777,000,000	$ 5,146,000,000
Interest pay rate	11.50%		11.50%	9.90%
Interest receive rate	2.10%		2.10%	2.10%
BRL/USD | Fixed to fixed interest rate | Currency swap contract
Disclosure of financial instruments by type of interest rate [line items]
Face amount			$ 9,294,000,000	$ 9,880,000,000
Interest pay rate	11.50%		11.50%	9.50%
Interest receive rate	3.20%		3.20%	3.90%
MXN/USD | Currency swap contract
Disclosure of financial instruments by type of interest rate [line items]
Face amount			$ 8,869,000,000
MXN/USD | Fixed to variable interest rate | Currency swap contract
Disclosure of financial instruments by type of interest rate [line items]
Face amount			$ 15,082,000,000	$ 11,403,000,000
Interest pay rate	7.40%		7.40%	7%
Interest receive rate	3.90%		3.90%	4%
MXN/USD | Fixed to fixed interest rate | Currency swap contract
Disclosure of financial instruments by type of interest rate [line items]
Face amount			$ 11,743,000,000	$ 24,235,000,000
Interest pay rate	8.80%		8.80%	8.40%
Interest receive rate	3.50%		3.50%	3.50%
MXN/USD | 9.4% variable to 4.4% fixed interest rate | Currency swap contract
Disclosure of financial instruments by type of interest rate [line items]
Interest pay rate	9.40%		9.40%	9.40%
Interest receive rate	4.40%		4.40%	4.40%
Mexican pesos | Fixed to variable interest rate | Interest rate swaps
Disclosure of financial instruments by type of interest rate [line items]
Face amount				$ 6,175,000,000
Interest pay rate				0.40%
Interest receive rate				1.90%
Mexican pesos | Variable to fixed interest rate | Interest rate swaps
Disclosure of financial instruments by type of interest rate [line items]
Face amount			$ 2,905,000,000	$ 3,225,000,000
Interest pay rate	4.10%		4.10%	4.20%
Interest receive rate	1.90%		1.90%	1.90%
Mexican pesos | 7.4% variable to 7.2% fixed interest rate | Interest rate swaps
Disclosure of financial instruments by type of interest rate [line items]
Interest pay rate	7.20%		7.20%	7.20%
Interest receive rate	7%		7%	7%
Colombian pesos | Fixed to fixed interest rate | Currency swap contract
Disclosure of financial instruments by type of interest rate [line items]
Face amount			$ 1,476,000,000
Interest pay rate				6.80%
Interest receive rate				2.60%
EUR/USD | Fixed to fixed interest rate | Currency swap contract
Disclosure of financial instruments by type of interest rate [line items]
Face amount			$ 22,130,000,000	$ 15,078,000,000
Interest pay rate	2.40%		2.40%	1.90%
Interest receive rate	3.50%		3.50%	3.50%
Current year | Currency swap contract
Disclosure of financial instruments by type of interest rate [line items]
Face amount			$ 27,804,000,000	$ 4,872,000,000
Current year | Interest rate swaps
Disclosure of financial instruments by type of interest rate [line items]
Face amount			11,675,000,000	131,000,000
Current year | BRL/USD | Fixed to fixed interest rate | Currency swap contract
Disclosure of financial instruments by type of interest rate [line items]
Face amount			$ 9,294,000,000
Interest pay rate	11.50%		11.50%
Interest receive rate	3.20%		3.20%
Current year | MXN/USD | Fixed to variable interest rate | Currency swap contract
Disclosure of financial instruments by type of interest rate [line items]
Face amount			$ 11,403,000,000
Interest pay rate	7%		7%
Interest receive rate	4%		4%
Current year | MXN/USD | Fixed to fixed interest rate | Currency swap contract
Disclosure of financial instruments by type of interest rate [line items]
Face amount			$ 1,743,000,000
Interest pay rate	8.20%		8.20%
Interest receive rate	3.30%		3.30%
Current year | Mexican pesos | Variable to fixed interest rate | Interest rate swaps
Disclosure of financial instruments by type of interest rate [line items]
Face amount			$ 679,000,000
Interest pay rate	5.80%		5.80%
Interest receive rate	1.80%		1.80%
Current year | Mexican pesos | 7.4% variable to 7.2% fixed interest rate | Interest rate swaps
Disclosure of financial instruments by type of interest rate [line items]
Interest pay rate	7.20%		7.20%
Interest receive rate	7%		7%
Current year | Colombian pesos | Fixed to fixed interest rate | Currency swap contract
Disclosure of financial instruments by type of interest rate [line items]
Face amount			$ 345,000,000
Interest pay rate	8.50%		8.50%
Interest receive rate	2.20%		2.20%
Year one | Currency swap contract
Disclosure of financial instruments by type of interest rate [line items]
Face amount			$ 497,000,000	24,403,000,000
Year one | Interest rate swaps
Disclosure of financial instruments by type of interest rate [line items]
Face amount			2,227,000,000	12,129,000,000
Year one | Mexican pesos | Variable to fixed interest rate | Interest rate swaps
Disclosure of financial instruments by type of interest rate [line items]
Face amount			$ 2,227,000,000
Interest pay rate	3.60%		3.60%
Interest receive rate	1.90%		1.90%
Year three | Currency swap contract
Disclosure of financial instruments by type of interest rate [line items]
Face amount			$ 5,971,000,000	10,667,000,000
Year three | BRL/USD | Fixed to variable interest rate | Currency swap contract
Disclosure of financial instruments by type of interest rate [line items]
Face amount			$ 4,840,000,000
Interest pay rate	10.70%		10.70%
Interest receive rate	1.90%		1.90%
Year four | Currency swap contract
Disclosure of financial instruments by type of interest rate [line items]
Face amount			$ 17,809,000,000	6,348,000,000
Year four | BRL/USD | Fixed to variable interest rate | Currency swap contract
Disclosure of financial instruments by type of interest rate [line items]
Face amount			$ 1,936,000,000
Interest pay rate	2.80%		2.80%
Interest receive rate	2.80%		2.80%
Year four | Colombian pesos | Fixed to fixed interest rate | Currency swap contract
Disclosure of financial instruments by type of interest rate [line items]
Face amount			$ 1,131,000,000
Interest pay rate	6.30%		6.30%
Interest receive rate	2.80%		2.80%
Year four | EUR/USD | Fixed to fixed interest rate | Currency swap contract
Disclosure of financial instruments by type of interest rate [line items]
Face amount			$ 8,735,000,000
Interest pay rate	3.10%		3.10%
Interest receive rate	3.50%		3.50%
Year five and thereafter | Interest rate swaps
Disclosure of financial instruments by type of interest rate [line items]
Face amount				$ 6,175,000,000
Year five and thereafter | MXN/USD | Fixed to variable interest rate | Currency swap contract
Disclosure of financial instruments by type of interest rate [line items]
Face amount			$ 3,679,000,000
Interest pay rate	8.90%		8.90%
Interest receive rate	3.60%		3.60%
Year five and thereafter | MXN/USD | Fixed to fixed interest rate | Currency swap contract
Disclosure of financial instruments by type of interest rate [line items]
Face amount			$ 10,000,000,000
Interest pay rate	8.90%		8.90%
Interest receive rate	3.50%		3.50%
Year five and thereafter | MXN/USD | 9.4% variable to 4.4% fixed interest rate | Currency swap contract
Disclosure of financial instruments by type of interest rate [line items]
Interest pay rate	9.40%		9.40%
Interest receive rate	4.40%		4.40%
Year five and thereafter | EUR/USD | Fixed to fixed interest rate | Currency swap contract
Disclosure of financial instruments by type of interest rate [line items]
Face amount			$ 13,395,000,000
Interest pay rate	1.90%		1.90%
Interest receive rate	3.50%		3.50%
[1]Convenience translation to U.S. dollars ($) – See Note 2.2.3

Bank Loans and Notes Payable _3

Bank Loans and Notes Payable - Interest Expense (Details) $ in Millions, $ in Millions	12 Months Ended
	Dec. 31, 2022 USD ($)	[1]	Dec. 31, 2022 MXN ($)	Dec. 31, 2021 MXN ($)	Dec. 31, 2020 MXN ($)
Bank Loans and Notes Payable [Abstract]
Interest on debts and borrowings			$ 8,129	$ 9,356	$ 10,789
Finance charges for employee benefits, net			553	476	456
Derivative instruments			1,795	1,970	1,428
Finance operating charges			48	18	(231)
Finance charges payable for leases			5,789	5,118	5,074
Total	$ 837		$ 16,314	$ 16,938	$ 17,516
[1]Convenience translation to U.S. dollars ($) – See Note 2.2.3

Bank Loans and Notes Payable _4

Bank Loans and Notes Payable - Activity (Details) € in Millions, $ in Millions, $ in Millions						1 Months Ended		3 Months Ended	12 Months Ended
	Feb. 18, 2020 USD ($)	Feb. 12, 2020 USD ($)	Jan. 22, 2020 USD ($)	Jan. 16, 2020 USD ($)	Mar. 14, 2016 MXN ($)	May 31, 2021 EUR (€)	Jun. 30, 2020 USD ($)	Sep. 30, 2021 MXN ($)	Dec. 31, 2022 USD ($)		Dec. 31, 2022 MXN ($)	Dec. 31, 2021 MXN ($)	Dec. 31, 2020 MXN ($)	Dec. 31, 2022 MXN ($)	Dec. 31, 2022 EUR (€)	Nov. 30, 2022 USD ($)	Apr. 30, 2021 EUR (€)	Mar. 31, 2020 MXN ($)	Dec. 31, 2019 MXN ($)	Mar. 14, 2016 EUR (€)
Disclosure of detailed information about borrowings [line items]
Borrowings												$ 188,582		$ 189,879
Exchange differences (loss) income on the translation of foreign operations and equity method accounted investees									$ (894)	[1]	$ (17,430)	(8,307)	$ 489
Repayment of borrowings	$ 500		$ 900
Savings amount														408
Borrowings, adjustment to interest rate basis								0.25%
Foreign currency revaluation of the net foreign operations									189	[1]	3,677	350	1,060
Carrying value												252,940	246,973	285,058					$ 172,630
Cash Flows											(8,805)	(11,184)	56,283
Non-cash flows, Acquisition											28,114	1,540	1,765
Non-cash flows, Foreign Exchange movement											(9,390)	(123)	4,450
Non-cash flows, New leases											10,686	7,871	7,982
Non-cash flows, Others											11,513	7,863	3,863
Bank loans and notes payable									96	[1]		2,003		1,862
Market value gain on financial instruments									$ (36)	[1]	$ (706)	38	(264)
Interest rate swaps | 7.4% variable to 7.2% fixed interest rate
Disclosure of detailed information about borrowings [line items]
Interest pay rate									7.20%		7.20%
Short term Bank loans
Disclosure of detailed information about borrowings [line items]
Carrying value												7,580	19,430	6,712					20,807
Cash Flows											$ (415)	(11,015)	(1,286)
Non-cash flows, Foreign Exchange movement											(78)	(939)	221
Non-cash flows, Others											(375)	104	(312)
Total Liabilities From Financing Activities [Member]
Disclosure of detailed information about borrowings [line items]
Carrying value												190,585	188,665	191,741					117,951
Cash Flows											6,303	1,141	66,093
Non-cash flows, Acquisition											6,181
Non-cash flows, Foreign Exchange movement											(9,034)	675	5,034
Non-cash flows, Others											(2,294)	104	(413)
Lease liabilities
Disclosure of detailed information about borrowings [line items]
Carrying value												62,355	58,308	93,317					$ 54,679
Cash Flows											(15,108)	(12,325)	(9,810)
Non-cash flows, Acquisition											21,933	1,540	1,765
Non-cash flows, Foreign Exchange movement											(356)	(798)	(584)
Non-cash flows, New leases											10,686	7,871	7,982
Non-cash flows, Others											$ 13,807	7,759	$ 4,276
Mexican pesos
Disclosure of detailed information about borrowings [line items]
Credit contracts												$ 15,650
Mexican pesos | Interest rate swaps | 7.4% variable to 7.2% fixed interest rate
Disclosure of detailed information about borrowings [line items]
Interest pay rate									7.20%		7.20%	7.20%
Mexican pesos | Weighted average [member]
Disclosure of detailed information about borrowings [line items]
Borrowings, interest rate													6.04%
Argentine pesos
Disclosure of detailed information about borrowings [line items]
Credit contracts											$ 711	$ 461
Uruguay, Pesos
Disclosure of detailed information about borrowings [line items]
Credit contracts											759	$ 1,114
Argentina And Colombia
Disclosure of detailed information about borrowings [line items]
Credit contracts													$ 1,184
1.75% Senior Notes
Disclosure of detailed information about borrowings [line items]
Face amount | €																				€ 1,000
Borrowings term					7 years
Borrowings, interest rate																				1.75%
Basis points over the relevant benchmark					1.55%
Total yield percentage																				1.824%
Repayment of borrowings | €						€ 1,042
Foreign currency revaluation of the net foreign operations					$ 232
3.500% Senior Unsecured Notes
Disclosure of detailed information about borrowings [line items]
Face amount		$ 300		$ 1,500			$ 700
Borrowings, interest rate		3.50%		3.50%			3.50%
Basis points over the relevant benchmark		1.375%		1.30%
Total yield percentage		3.577%
Percentage of implicit weighted performance							3.358%
Borrowings		$ 1,800
Foreign currency revaluation of the net foreign operations											1,498
7.36% Debt maturing on 2028
Disclosure of detailed information about borrowings [line items]
Face amount														$ 6,965
Borrowings, interest rate									7.36%					7.36%	7.36%
5.46% Debt Bonds Maturing on 2023
Disclosure of detailed information about borrowings [line items]
Face amount														$ 7,500
Borrowings, interest rate									5.46%					5.46%	5.46%
2.75% Senior Notes Maturing 2030
Disclosure of detailed information about borrowings [line items]
Face amount									$ 1,041
Borrowings, interest rate									2.75%					2.75%	2.75%
Debt Certificates Maturing on 2033
Disclosure of detailed information about borrowings [line items]
Borrowings, interest rate																	1%
Borrowings | €																	€ 500
Debt Certificates Maturing on 2028
Disclosure of detailed information about borrowings [line items]
Borrowings, interest rate																	0.50%
Borrowings | €																	€ 700
Foreign currency revaluation of the net foreign operations											2,179
5.25% Senior Notes Maturing On November 26, 2045
Disclosure of detailed information about borrowings [line items]
Face amount									$ 489
Borrowings, interest rate									5.25%					5.25%	5.25%
1.85% Senior Notes Maturing 2032
Disclosure of detailed information about borrowings [line items]
Face amount									$ 705
Borrowings, interest rate									1.85%					1.85%	1.85%
7.87% debt bonds maturing on 2027
Disclosure of detailed information about borrowings [line items]
Face amount														$ 8,500
Borrowings, interest rate									7.87%					7.87%	7.87%
7.35% debt bonds maturying on 2028
Disclosure of detailed information about borrowings [line items]
Face amount														$ 3,000
Borrowings, interest rate									7.35%					7.35%	7.35%
T I I E Plus Zero Point Zero Eight Percentage Debt Bonds Maturing On Two Thousand Twenty Five
Disclosure of detailed information about borrowings [line items]
Face amount														$ 1,727
Borrowings, interest rate									0.08%					0.08%	0.08%
TIIE Plus Zero Point Zero Five Percentage Debt Bonds Maturing On 2026
Disclosure of detailed information about borrowings [line items]
Face amount														$ 2,435
Borrowings, interest rate									0.05%					0.05%	0.05%
TIEE Plus Nine Point Pine Five Percentage Debt Bonds Maturing On 2029
Disclosure of detailed information about borrowings [line items]
Face amount														$ 5,500
Borrowings, interest rate									995%					995%	995%
Short term Bank loans | Mexican pesos
Disclosure of detailed information about borrowings [line items]
Face amount																		$ 15,000
First Bonds Linked Debt
Disclosure of detailed information about borrowings [line items]
Face amount								$ 9,400
Prepaid bilateral loans with maturity of February 2025
Disclosure of detailed information about borrowings [line items]
Repayment of borrowings								3,760
Prepaid bilateral loans with maturity of August 2026
Disclosure of detailed information about borrowings [line items]
Repayment of borrowings								$ 5,640
Debt Certificates Maturing on 2032
Disclosure of detailed information about borrowings [line items]
Borrowings, interest rate																9.65%
Borrowings																$ 8,446
Senior Notes Maturing 2028
Disclosure of detailed information about borrowings [line items]
Borrowings | €															€ 700
Senior Notes Maturing on 2033
Disclosure of detailed information about borrowings [line items]
Borrowings | €															€ 500
TIEE28 Plus Zero Point One Zero Percentage Debt Bonds Maturing on 2027
Disclosure of detailed information about borrowings [line items]
Borrowings, interest rate																0.10%
Borrowings																$ 827
Social and Sustainable Bond
Disclosure of detailed information about borrowings [line items]
Face amount														$ 6,000
TIIE Plus Zero Point Zero Five Percentage Debt Bonds Maturing On 2026, 2
Disclosure of detailed information about borrowings [line items]
Face amount														$ 500
Borrowings, interest rate									0.05%					0.05%	0.05%
Senior Notes Maturing 2030
Disclosure of detailed information about borrowings [line items]
Face amount														$ 209
Senior Notes Maturing 2043
Disclosure of detailed information about borrowings [line items]
Face amount														$ 111
Domestic senior notes | Interest rate swaps
Disclosure of detailed information about borrowings [line items]
Bank loans and notes payable									$ 705
Market value gain on financial instruments											$ 1,647
[1]Convenience translation to U.S. dollars ($) – See Note 2.2.3

Bank Loans and Notes Payable _5

Bank Loans and Notes Payable - Rollforward, Liabilities Arising from Financing Activities (Details) - MXN ($) $ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Disclosure of reconciliation of liabilities arising from financing activities [line items]
Beginning balance	$ 252,940	$ 246,973	$ 172,630
Cash Flows	(8,805)	(11,184)	56,283
Non-cash flows, Acquisition	28,114	1,540	1,765
Non-cash flows, New leases	10,686	7,871	7,982
Non-cash flows, Foreign Exchange movement	(9,390)	(123)	4,450
Non-cash flows, Others	11,513	7,863	3,863
Ending balance	285,058	252,940	246,973
Total Liabilities From Financing Activities [Member]
Disclosure of reconciliation of liabilities arising from financing activities [line items]
Beginning balance	190,585	188,665	117,951
Cash Flows	6,303	1,141	66,093
Non-cash flows, Acquisition	6,181
Non-cash flows, Foreign Exchange movement	(9,034)	675	5,034
Non-cash flows, Others	(2,294)	104	(413)
Ending balance	191,741	190,585	188,665
Short term Bank loans
Disclosure of reconciliation of liabilities arising from financing activities [line items]
Beginning balance	7,580	19,430	20,807
Cash Flows	(415)	(11,015)	(1,286)
Non-cash flows, Foreign Exchange movement	(78)	(939)	221
Non-cash flows, Others	(375)	104	(312)
Ending balance	6,712	7,580	19,430
Notes payable
Disclosure of reconciliation of liabilities arising from financing activities [line items]
Beginning balance	183,005	169,235	97,144
Cash Flows	6,718	12,156	67,379
Non-cash flows, Acquisition	6,181
Non-cash flows, Foreign Exchange movement	(8,957)	1,614	4,813
Non-cash flows, Others	(1,919)	0	(101)
Ending balance	185,029	183,005	169,235
Lease liabilities
Disclosure of reconciliation of liabilities arising from financing activities [line items]
Beginning balance	62,355	58,308	54,679
Cash Flows	(15,108)	(12,325)	(9,810)
Non-cash flows, Acquisition	21,933	1,540	1,765
Non-cash flows, New leases	10,686	7,871	7,982
Non-cash flows, Foreign Exchange movement	(356)	(798)	(584)
Non-cash flows, Others	13,807	7,759	4,276
Ending balance	$ 93,317	$ 62,355	$ 58,308

Other Income and Expenses - Sum

Other Income and Expenses - Summary of Other Income and Expenses (Details) $ in Millions, $ in Millions	12 Months Ended
	Dec. 31, 2022 USD ($)	[1]	Dec. 31, 2022 MXN ($)	Dec. 31, 2021 MXN ($)	Dec. 31, 2020 MXN ($)
Disclosure of Other Operating Income Expense [Line Items]
Gain on sale of other assets			$ 0	$ 968	$ 0
Gain on sale of long-lived assets			308	208	130
Sale of waste material			33	25	20
Insurance rebates			59	71	35
Foreign exchange gain			175	0	112
Other investment in shares			113	3,245	2,011
Recycling of cumulative gain on sale of joint venture			0	0	212
Recoveries of prior years			333	881	594
Others			67	489	229
Other income	$ 56		1,088	5,887	3,343
Recoveries of prior years			12	41	0
Impairment of long-lived assets	$ 43		833	1,427	5,102
Loss in write-off of intangible assets			0	0	375
Disposal of long-lived assets			408	579	915
Contingencies			426	187	804
Severance payments			318	305	465
Donations			512	433	605
Legal fees and other expenses from past acquisitions			231	127	0
Foreign exchange loss			0	86	0
Items without tax requirements			103	173	0
Effect of taxes paid on previous years			0	0	3,253
Other			27	370	862
Other expenses			2,870	3,727	12,381
Corporacin Grupo FYBECA S.A.
Disclosure of Other Operating Income Expense [Line Items]
Impairment of long-lived assets			$ 770	1,170
Campo Verde
Disclosure of Other Operating Income Expense [Line Items]
Impairment of long-lived assets				$ 256
Compania Panamena de Bebidas, S.A.P.I. de C.V.
Disclosure of Other Operating Income Expense [Line Items]
Impairment of long-lived assets					1,463
Leao Alimentos e Bebidas, L.T.D.A.
Disclosure of Other Operating Income Expense [Line Items]
Impairment of long-lived assets					1,038
Specialty's Caf & Bakery, Inc
Disclosure of Other Operating Income Expense [Line Items]
Impairment of long-lived assets					2,021
Doa Tota
Disclosure of Other Operating Income Expense [Line Items]
Impairment of long-lived assets					$ 576
[1]Convenience translation to U.S. dollars ($) – See Note 2.2.3

Financial Instruments - Summary

Financial Instruments - Summary of Financial Assets and Liabilities Measured at Fair Value (Details) - MXN ($) $ in Millions	Dec. 31, 2022	Dec. 31, 2021
Level 1
Disclosure of Financial Assets and Financial Liabilities [Line Items]
Financial instrument (current asset)	$ 351	$ 764
Financial instrument (non-current asset)	14,540	3,170
Financial instrument (current liability)	64	35
Financial instrument (non-current liability)	0	0
Level 2
Disclosure of Financial Assets and Financial Liabilities [Line Items]
Financial instrument (current asset)	9,710	865
Financial instrument (non-current asset)	21,201	39,152
Financial instrument (current liability)	406	103
Financial instrument (non-current liability)	$ 5,651	$ 1,635

Financial Instruments - Debt (D

Financial Instruments - Debt (Details) - MXN ($) $ in Millions	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Disclosure of Financial Assets and Financial Liabilities [Line Items]
Carrying value	$ 285,058	$ 252,940	$ 246,973	$ 172,630
Bank loans and notes payables
Disclosure of Financial Assets and Financial Liabilities [Line Items]
Carrying value	191,741	190,585
Fair value	$ 163,312	$ 198,232

Financial Instruments - Interes

Financial Instruments - Interest Rate Swaps (Details) - MXN ($) $ in Millions	Dec. 31, 2022	Dec. 31, 2021
Year one
Disclosure of Financial Assets and Financial Liabilities [Line Items]
Fair value Liability	$ (468)	$ 0
Interest rate swaps | Current year
Disclosure of Financial Assets and Financial Liabilities [Line Items]
Face amount	11,675	131
Fair value Liability	0	(1)
Fair Value Asset	236	0
Interest rate swaps | Year one
Disclosure of Financial Assets and Financial Liabilities [Line Items]
Face amount	2,227	12,129
Fair value Liability	0	0
Fair Value Asset	129	177
Interest rate swaps | Year two
Disclosure of Financial Assets and Financial Liabilities [Line Items]
Face amount	9,681	2,367
Fair value Liability	(1,728)	(39)
Fair Value Asset	$ 0	0
Interest rate swaps | Year five and thereafter
Disclosure of Financial Assets and Financial Liabilities [Line Items]
Face amount		6,175
Fair value Liability		0
Fair Value Asset		$ 170

Financial Instruments - Forward

Financial Instruments - Forward Agreements to Purchase Foreign Currency (Details) - MXN ($) $ in Millions	Dec. 31, 2022	Dec. 31, 2021
Year one
Disclosure of Financial Assets and Financial Liabilities [Line Items]
Fair value Liability	$ (468)	$ 0
Forward contract | Current year
Disclosure of Financial Assets and Financial Liabilities [Line Items]
Face amount	10,828	6,384
Fair value Liability	(399)	(104)
Fair Value Asset	61	78
Forward contract | Year one
Disclosure of Financial Assets and Financial Liabilities [Line Items]
Face amount	2	23
Fair value Liability	0	(2)
Fair Value Asset	$ 0	0
Forward contract | Year two
Disclosure of Financial Assets and Financial Liabilities [Line Items]
Face amount		2
Fair value Liability		0
Fair Value Asset		$ 0

Financial Instruments - Cross C

Financial Instruments - Cross Currency Swaps (Details) - MXN ($) $ in Millions	Dec. 31, 2022	Dec. 31, 2021
Year one
Disclosure of detailed information about financial instruments [line items]
Fair value Liability	$ (468)	$ 0
Currency swap contract | Current year
Disclosure of detailed information about financial instruments [line items]
Face amount	27,804	4,872
Fair value Liability	7	0
Fair Value Asset	9,435	982
Currency swap contract | Year one
Disclosure of detailed information about financial instruments [line items]
Face amount	497	24,403
Fair value Liability	3	0
Fair Value Asset	247	12,379
Currency swap contract | Year two
Disclosure of detailed information about financial instruments [line items]
Face amount	1,010	1,400
Fair value Liability	0	0
Fair Value Asset	385	438
Currency swap contract | Year three
Disclosure of detailed information about financial instruments [line items]
Face amount	5,971	10,667
Fair value Liability	(924)	(1,564)
Fair Value Asset	364	154
Currency swap contract | Year four
Disclosure of detailed information about financial instruments [line items]
Face amount	17,809	6,348
Fair value Liability	(689)	(1)
Fair Value Asset	95	220
Currency swap contract | Year five
Disclosure of detailed information about financial instruments [line items]
Face amount		7,204
Fair value Liability		0
Fair Value Asset		366
Currency swap contract | Year six
Disclosure of detailed information about financial instruments [line items]
Face amount	14,620
Fair value Liability	0
Fair Value Asset	1,664
Currency swap contract | Year seven
Disclosure of detailed information about financial instruments [line items]
Face amount	3,679	16,389
Fair value Liability	(104)	(21)
Fair Value Asset	110	655
Currency swap contract | Year eight
Disclosure of detailed information about financial instruments [line items]
Face amount		3,911
Fair value Liability		(8)
Fair Value Asset		404
Currency swap contract | Year twelve
Disclosure of detailed information about financial instruments [line items]
Face amount	10,000
Fair value Liability	(2,203)
Fair Value Asset	0
Currency swap contract | 22-23 years
Disclosure of detailed information about financial instruments [line items]
Face amount	8,869	8,869
Fair value Liability	0	0
Fair Value Asset	$ 505	$ 1,553

Financial Instruments - Commodi

Financial Instruments - Commodity Price Contracts (Details) - MXN ($) $ in Millions	Dec. 31, 2022	Dec. 31, 2021
Year one
Disclosure of detailed information about hedges [line items]
Fair value Liability	$ (468)	$ 0
Coca-Cola FEMSA | Commodity price contracts | Sugar Price Contracts | Current year
Disclosure of detailed information about hedges [line items]
Face amount	1,688	2,020
Fair value Liability	(46)	(7)
Fair Value Asset	328	502
Coca-Cola FEMSA | Commodity price contracts | Sugar Price Contracts | Year one
Disclosure of detailed information about hedges [line items]
Face amount	468	769
Fair Value Asset	21	195
Coca-Cola FEMSA | Commodity price contracts | Aluminum price contracts | Current year
Disclosure of detailed information about hedges [line items]
Face amount	662	102
Fair Value Asset	(18)	62
Coca-Cola FEMSA | Commodity price contracts | Aluminum price contracts | Year one
Disclosure of detailed information about hedges [line items]
Fair Value Asset	$ 1
Coca-Cola FEMSA | Commodity price contracts | PX MEG contracts | Current year
Disclosure of detailed information about hedges [line items]
Face amount		470
Fair value Liability		(28)
Fair Value Asset		$ (5)

Financial Instruments - Disposa

Financial Instruments - Disposal (Details) - Estrella Azul - MXN ($) $ in Millions		1 Months Ended
	Sep. 30, 2020	Sep. 30, 2020	Dec. 31, 2022	Dec. 31, 2021
Disclosure of detailed information about financial instruments [line items]
Portion of investment sold	100%	100%
Financial assets			$ 5	$ 5

Financial Instruments - Net Eff

Financial Instruments - Net Effects of Expired Contracts That Met Hedging Criteria (Details) - Derivative Contract Met Hedging Criteria - MXN ($) $ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Currency swap contract | Interest expense
Disclosure of detailed information about hedges [line items]
Net effects of expired contracts	$ 1	$ 0	$ (109)
Currency swap contract | Foreign exchange
Disclosure of detailed information about hedges [line items]
Net effects of expired contracts	(5)	0	1,212
Interest rate swaps | Interest expense
Disclosure of detailed information about hedges [line items]
Net effects of expired contracts	0	0	(163)
Forward contract | Foreign exchange
Disclosure of detailed information about hedges [line items]
Net effects of expired contracts	565	41	(167)
Forward contract | Cost of sales
Disclosure of detailed information about hedges [line items]
Net effects of expired contracts	(681)	(788)	839
Commodity price contracts | Cost of sales
Disclosure of detailed information about hedges [line items]
Net effects of expired contracts	599	1,245	(129)
Options to purchase foreign currency | Cost of sales
Disclosure of detailed information about hedges [line items]
Net effects of expired contracts	0	0	8
Treasury locks | Interest expense
Disclosure of detailed information about hedges [line items]
Net effects of expired contracts	$ 0	$ 0	$ 153

Financial Instruments - Net E_2

Financial Instruments - Net Effects Of Derivative Financial Instruments That Did Not Met Hedging Criteria (Details) - MXN ($) $ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Derivative Contract Not Met Hedging Criteria | Cross currency swaps and interest rate swaps | Market value gain on financial instruments
Disclosure of detailed information about hedges [line items]
Net gains (losses) on change in fair value of derivatives	$ (2,270)	$ 80	$ (212)

Financial Instruments - Net E_3

Financial Instruments - Net Effect of Expired Contracts That Did Not Meet Hedging Criteria (Details) - MXN ($) $ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Derivative Contract Not Met Hedging Criteria | Cross currency swaps and interest rate swaps | Market value gain on financial instruments
Disclosure of detailed information about hedges [line items]
Market value gain (loss) on financial instruments	$ 0	$ 0	$ (212)

Financial Instruments - Sensiti

Financial Instruments - Sensitivity Analysis of Market Risks (Details) - MXN ($) $ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
FEMSA Entity Excluding Coca-Cola FEMSA | Currency swap contract | MXN/USD
Disclosure of nature and extent of risks arising from financial instruments [line items]
Effect on equity from decrease in exchange rate	$ 0	$ 0	$ 0
Effect on profit or loss from decrease in exchange rate	(2,647)	(3,404)	(6,381)
Effect on equity from increase in exchange rate	0	0	0
Effect on profit or loss from increase in exchange rate	2,647	3,404	6,381
FEMSA Entity Excluding Coca-Cola FEMSA | Currency swap contract | COP/USD
Disclosure of nature and extent of risks arising from financial instruments [line items]
Effect on equity from decrease in exchange rate	0	0	0
Effect on profit or loss from decrease in exchange rate	(354)	(235)	(426)
Effect on equity from increase in exchange rate	0	0	0
Effect on profit or loss from increase in exchange rate	354	235	426
FEMSA Entity Excluding Coca-Cola FEMSA | Currency swap contract | CLP/USD
Disclosure of nature and extent of risks arising from financial instruments [line items]
Effect on equity from decrease in exchange rate	0	0	0
Effect on profit or loss from decrease in exchange rate	(966)	(552)	(717)
Effect on equity from increase in exchange rate	0	0	0
Effect on profit or loss from increase in exchange rate	966	552	717
FEMSA Entity Excluding Coca-Cola FEMSA | Currency swap contract | MXN/BRL
Disclosure of nature and extent of risks arising from financial instruments [line items]
Effect on equity from decrease in exchange rate		0	0
Effect on profit or loss from decrease in exchange rate		(123)	(238)
Effect on equity from increase in exchange rate		0	0
Effect on profit or loss from increase in exchange rate		123	238
FEMSA Entity Excluding Coca-Cola FEMSA | Currency swap contract | EUR/USD
Disclosure of nature and extent of risks arising from financial instruments [line items]
Effect on equity from decrease in exchange rate	0
Effect on profit or loss from decrease in exchange rate	(1,315)
Effect on equity from increase in exchange rate	0
Effect on profit or loss from increase in exchange rate	1,315
FEMSA Entity Excluding Coca-Cola FEMSA | Currency swap contract | EUR/MXN
Disclosure of nature and extent of risks arising from financial instruments [line items]
Effect on equity from decrease in exchange rate	0
Effect on profit or loss from decrease in exchange rate	902
Effect on equity from increase in exchange rate	0
Effect on profit or loss from increase in exchange rate	(902)
FEMSA Entity Excluding Coca-Cola FEMSA | Currency swap contract | USD/BRL
Disclosure of nature and extent of risks arising from financial instruments [line items]
Effect on equity from decrease in exchange rate	0
Effect on profit or loss from decrease in exchange rate	(18)
Effect on equity from increase in exchange rate	0
Effect on profit or loss from increase in exchange rate	18
FEMSA Entity Excluding Coca-Cola FEMSA | Net Cash In Foreign Currency | EUR/USD
Disclosure of nature and extent of risks arising from financial instruments [line items]
Effect on profit or loss from decrease in exchange rate	(1,779)	(4,931)	(8,827)
Effect on profit or loss from increase in exchange rate	1,779	4,931	8,827
Coca-Cola FEMSA | Currency swap contract | MXN/USD
Disclosure of nature and extent of risks arising from financial instruments [line items]
Effect on equity from decrease in exchange rate	(1,220)	(1,645)	(5,507)
Effect on profit or loss from decrease in exchange rate	0	0	0
Effect on equity from increase in exchange rate	1,220	1,645	5,507
Effect on profit or loss from increase in exchange rate	0	0	0
Coca-Cola FEMSA | Currency swap contract | BRL/USD
Disclosure of nature and extent of risks arising from financial instruments [line items]
Effect on equity from decrease in exchange rate	(2,893)	(2,300)	(2,161)
Effect on profit or loss from decrease in exchange rate	0	0	0
Effect on equity from increase in exchange rate	2,893	2,300	2,161
Effect on profit or loss from increase in exchange rate	0	0	0
Coca-Cola FEMSA | Currency swap contract | EUR/USD
Disclosure of nature and extent of risks arising from financial instruments [line items]
Effect on equity from decrease in exchange rate		0
Effect on profit or loss from decrease in exchange rate		(1,049)
Effect on equity from increase in exchange rate		0
Effect on profit or loss from increase in exchange rate		1,049
Coca-Cola FEMSA | Net Cash In Foreign Currency | U.S. dollars
Disclosure of nature and extent of risks arising from financial instruments [line items]
Effect on profit or loss from decrease in exchange rate	(2,282)	(3,200)	(5,755)
Effect on profit or loss from increase in exchange rate	2,282	3,200	5,755
Commodity price risk | Coca-Cola FEMSA | Commodity price contracts | Sugar Price Contracts
Disclosure of nature and extent of risks arising from financial instruments [line items]
Effect on equity from change in commodity price	(333)	(714)	(515)
Commodity price risk | Coca-Cola FEMSA | Commodity price contracts | Aluminum price contracts
Disclosure of nature and extent of risks arising from financial instruments [line items]
Effect on equity from change in commodity price	(4,520)	(39)	(289)
Currency risk | FEMSA Entity Excluding Coca-Cola FEMSA | Forward contract | MXN/USD
Disclosure of nature and extent of risks arising from financial instruments [line items]
Effect on equity from decrease in exchange rate	(6)	(4)	(327)
Effect on equity from increase in exchange rate	6	4	327
Currency risk | FEMSA Entity Excluding Coca-Cola FEMSA | Forward contract | MXN/EUR
Disclosure of nature and extent of risks arising from financial instruments [line items]
Effect on equity from decrease in exchange rate	(1)
Effect on equity from increase in exchange rate	1
Currency risk | FEMSA Entity Excluding Coca-Cola FEMSA | Forward contract | CHF/EUR
Disclosure of nature and extent of risks arising from financial instruments [line items]
Effect on equity from decrease in exchange rate	(44)
Effect on equity from increase in exchange rate	44
Currency risk | FEMSA Entity Excluding Coca-Cola FEMSA | Forward contract | BRL/USD
Disclosure of nature and extent of risks arising from financial instruments [line items]
Effect on equity from decrease in exchange rate		(37)	(240)
Effect on equity from increase in exchange rate		37	240
Currency risk | Coca-Cola FEMSA | Forward contract | MXN/USD
Disclosure of nature and extent of risks arising from financial instruments [line items]
Effect on equity from decrease in exchange rate	(512)	(298)	(884)
Effect on equity from increase in exchange rate	512	298	884
Currency risk | Coca-Cola FEMSA | Forward contract | BRL/USD
Disclosure of nature and extent of risks arising from financial instruments [line items]
Effect on equity from decrease in exchange rate	(550)	(284)	(357)
Effect on equity from increase in exchange rate	550	284	357
Currency risk | Coca-Cola FEMSA | Forward contract | URY/USD
Disclosure of nature and extent of risks arising from financial instruments [line items]
Effect on equity from decrease in exchange rate	(25)	(7)	(21)
Effect on equity from increase in exchange rate	25	7	21
Currency risk | Coca-Cola FEMSA | Forward contract | COP/USD
Disclosure of nature and extent of risks arising from financial instruments [line items]
Effect on equity from decrease in exchange rate	(112)	(81)	(142)
Effect on equity from increase in exchange rate	112	81	142
Currency risk | Coca-Cola FEMSA | Forward contract | ARS/USD
Disclosure of nature and extent of risks arising from financial instruments [line items]
Effect on equity from decrease in exchange rate	(10)	(3)	(2)
Effect on equity from increase in exchange rate	10	3	$ 2
Currency risk | Coca-Cola FEMSA | Forward contract | CRC/USD
Disclosure of nature and extent of risks arising from financial instruments [line items]
Effect on equity from decrease in exchange rate	(24)	(10)
Effect on equity from increase in exchange rate	$ 24	$ 10

Financial Instruments - Sensi_2

Financial Instruments - Sensitivity Analysis of Interest Rate Risks (Details) - Interest rate risk - MXN ($) $ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Interest rate swaps | FEMSA Entity Excluding Coca-Cola FEMSA
Disclosure of Interest Rate Risk Exposure [line items]
Effect on Equity	$ (90)	$ (212)	$ (354)
Unhedged Portion Bank Loans
Disclosure of Interest Rate Risk Exposure [line items]
Effect on profit loss	$ (249)	$ (627)	$ (110)

Financial Instruments - Summa_2

Financial Instruments - Summary of Maturity Analysis for Non-derivative and Derivative Financial Liabilities (Details) - Liquidity risk - MXN ($) $ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Disclosure Of Maturity Analysis For Non-derivative And Derivative Financial Liabilities [line items]
Percentage of outstanding consolidated total indebtedness at the level of its sub-holding companies	46.50%	47.40%
Year one
Disclosure Of Maturity Analysis For Non-derivative And Derivative Financial Liabilities [line items]
Notes and bonds	$ 17,257
Loans from Banks	4,594
Lease liabilities	14,374
Derivative financial liabilities	(4,359)
Year two
Disclosure Of Maturity Analysis For Non-derivative And Derivative Financial Liabilities [line items]
Notes and bonds	3,610
Loans from Banks	5,092
Lease liabilities	0
Derivative financial liabilities	118
Year three
Disclosure Of Maturity Analysis For Non-derivative And Derivative Financial Liabilities [line items]
Notes and bonds	5,464
Loans from Banks	301
Lease liabilities	0
Derivative financial liabilities	24
Year four
Disclosure Of Maturity Analysis For Non-derivative And Derivative Financial Liabilities [line items]
Notes and bonds	6,677
Loans from Banks	158
Lease liabilities	0
Derivative financial liabilities	571
Five to ten years
Disclosure Of Maturity Analysis For Non-derivative And Derivative Financial Liabilities [line items]
Notes and bonds	12,166
Loans from Banks	1,317
Lease liabilities	45,562
Derivative financial liabilities	328
Year five and thereafter
Disclosure Of Maturity Analysis For Non-derivative And Derivative Financial Liabilities [line items]
Notes and bonds	222,563
Loans from Banks	813
Lease liabilities	46,630
Derivative financial liabilities	$ (6,421)

Financial Instruments - Credit

Financial Instruments - Credit risk - cash flow hedges (Details) - Cash flow hedges $ in Millions	12 Months Ended
	Dec. 31, 2022 MXN ($) € / $ $ / lb $ / $ $ / $ $ / T $ / $ R$ / $ ₡ / $ $ / $ $ / $ $ / $	Dec. 31, 2021 MXN ($) € / $ $ / lb $ / $ R$ / $ $ / $ R$ / $ $ / T $ / $ $ / $ ₡ / $ $ / $
Currency risk | Forward contract | MXN/USD | 1‑6 months
Disclosure of detailed information about hedging instruments [line items]
Net exposure	$ 3,416	$ 1,996
Average exchange rate | $ / $	20.72	20.90
Currency risk | Forward contract | MXN/USD | 6‑12 months
Disclosure of detailed information about hedging instruments [line items]
Net exposure	$ 2,485	$ 1,068
Average exchange rate | $ / $	20.88	21.43
Currency risk | Forward contract | MXN/USD | More than 12
Disclosure of detailed information about hedging instruments [line items]
Net exposure	$ 2	$ 25
Average exchange rate | $ / $	24.33	24.33
Currency risk | Forward contract | BRL/USD | 1‑6 months
Disclosure of detailed information about hedging instruments [line items]
Net exposure	$ 1,857	$ 1,171
Average exchange rate | R$ / $	5.34	5.44
Currency risk | Forward contract | BRL/USD | 6‑12 months
Disclosure of detailed information about hedging instruments [line items]
Net exposure	$ 746	$ 593
Average exchange rate | R$ / $	5.55	5.97
Currency risk | Forward contract | BRL/USD | More than 12
Disclosure of detailed information about hedging instruments [line items]
Net exposure	$ 0	$ 0
Average exchange rate | R$ / $	0	0
Currency risk | Forward contract | COP/USD | 1‑6 months
Disclosure of detailed information about hedging instruments [line items]
Net exposure	$ 407	$ 497
Average exchange rate | $ / $	4,502	3,858
Currency risk | Forward contract | COP/USD | 6‑12 months
Disclosure of detailed information about hedging instruments [line items]
Net exposure	$ 207	$ 191
Average exchange rate | $ / $	4,977	3,952
Currency risk | Forward contract | COP/USD | More than 12
Disclosure of detailed information about hedging instruments [line items]
Net exposure	$ 0	$ 0
Average exchange rate | $ / $	0	0
Currency risk | Forward contract | ARS/USD | 1‑6 months
Disclosure of detailed information about hedging instruments [line items]
Net exposure	$ 437	$ 280
Average exchange rate | $ / $	231.40	122.56
Currency risk | Forward contract | ARS/USD | 6‑12 months
Disclosure of detailed information about hedging instruments [line items]
Net exposure	$ 0	$ 0
Average exchange rate | $ / $	0	0
Currency risk | Forward contract | ARS/USD | More than 12
Disclosure of detailed information about hedging instruments [line items]
Net exposure	$ 0	$ 0
Average exchange rate | $ / $	0	0
Currency risk | Forward contract | URY/USD | 1‑6 months
Disclosure of detailed information about hedging instruments [line items]
Net exposure	$ 299	$ 165
Average exchange rate | $ / $	42.51	45.51
Currency risk | Forward contract | URY/USD | 6‑12 months
Disclosure of detailed information about hedging instruments [line items]
Net exposure	$ 139	$ 48
Average exchange rate | $ / $	42.74	46.30
Currency risk | Forward contract | URY/USD | More than 12
Disclosure of detailed information about hedging instruments [line items]
Net exposure	$ 0	$ 0
Average exchange rate | $ / $	0	0
Currency risk | Forward contract | CRC/USD | 1‑6 months
Disclosure of detailed information about hedging instruments [line items]
Net exposure	$ 332	$ 211
Average exchange rate | ₡ / $	686.50	646.33
Currency risk | Forward contract | CRC/USD | 6‑12 months
Disclosure of detailed information about hedging instruments [line items]
Net exposure	$ 182	$ 120
Average exchange rate | ₡ / $	664.50	650.71
Currency risk | Forward contract | CRC/USD | More than 12
Disclosure of detailed information about hedging instruments [line items]
Net exposure	$ 0	$ 0
Average exchange rate | ₡ / $	0	0
Currency risk | Forward contract | ARS/MXN | 1‑6 months
Disclosure of detailed information about hedging instruments [line items]
Net exposure	$ 293
Average exchange rate | $ / $	10.57
Currency risk | Forward contract | ARS/MXN | 6‑12 months
Disclosure of detailed information about hedging instruments [line items]
Net exposure	$ 0
Average exchange rate | $ / $	0
Currency risk | Forward contract | ARS/MXN | More than 12
Disclosure of detailed information about hedging instruments [line items]
Net exposure	$ 0
Average exchange rate | $ / $	0
Currency risk | Currency swap contract | MXN/USD | 1‑6 months
Disclosure of detailed information about hedging instruments [line items]
Net exposure	$ 12,670	$ 0
Average exchange rate | $ / $	12.67	0
Currency risk | Currency swap contract | MXN/USD | 6‑12 months
Disclosure of detailed information about hedging instruments [line items]
Net exposure	$ 1,743	$ 0
Average exchange rate | $ / $	19.08	0
Currency risk | Currency swap contract | MXN/USD | More than 12
Disclosure of detailed information about hedging instruments [line items]
Net exposure	$ 29,324	$ 44,507
Average exchange rate | $ / $	18.11	16.41
Currency risk | Currency swap contract | BRL/USD | 1‑6 months
Disclosure of detailed information about hedging instruments [line items]
Net exposure	$ 0	$ 0
Average exchange rate | R$ / $	0	0
Currency risk | Currency swap contract | BRL/USD | 6‑12 months
Disclosure of detailed information about hedging instruments [line items]
Net exposure	$ 9,294	$ 0
Average exchange rate | R$ / $	4	0
Currency risk | Currency swap contract | BRL/USD | More than 12
Disclosure of detailed information about hedging instruments [line items]
Net exposure	$ 6,874	$ 15,026
Average exchange rate | R$ / $	5.28	4.47
Currency risk | Currency swap contract | COP/USD | 1‑6 months
Disclosure of detailed information about hedging instruments [line items]
Net exposure	$ 345	$ 1,038
Average exchange rate | $ / $	3,926	3,207.8
Currency risk | Currency swap contract | COP/USD | 6‑12 months
Disclosure of detailed information about hedging instruments [line items]
Net exposure	$ 250	$ 321
Average exchange rate | $ / $	2,333.06	3,240
Currency risk | Currency swap contract | COP/USD | More than 12
Disclosure of detailed information about hedging instruments [line items]
Net exposure	$ 2,313	$ 2,384
Average exchange rate | $ / $	3,510.06	3,431.99
Currency risk | Currency swap contract | CLP/USD | 1‑6 months
Disclosure of detailed information about hedging instruments [line items]
Net exposure	$ 3,306	$ 0
Average exchange rate | $ / $	774.49	0
Currency risk | Currency swap contract | CLP/USD | 6‑12 months
Disclosure of detailed information about hedging instruments [line items]
Net exposure	$ 0	$ 3,514
Average exchange rate | $ / $	0	696.02
Currency risk | Currency swap contract | CLP/USD | More than 12
Disclosure of detailed information about hedging instruments [line items]
Net exposure	$ 1,225	$ 1,311
Average exchange rate | $ / $	677	677
Currency risk | Currency swap contract | BRL/MXN | 1‑6 months
Disclosure of detailed information about hedging instruments [line items]
Net exposure		$ 0
Average exchange rate | R$ / $		0
Currency risk | Currency swap contract | BRL/MXN | 6‑12 months
Disclosure of detailed information about hedging instruments [line items]
Net exposure		$ 0
Average exchange rate | R$ / $		0
Currency risk | Currency swap contract | BRL/MXN | More than 12
Disclosure of detailed information about hedging instruments [line items]
Net exposure		$ 885
Average exchange rate | R$ / $		0.22
Currency risk | Currency swap contract | EUR/USD | 1‑6 months
Disclosure of detailed information about hedging instruments [line items]
Net exposure	$ 0	$ 0
Average exchange rate | € / $	0	0
Currency risk | Currency swap contract | EUR/USD | 6‑12 months
Disclosure of detailed information about hedging instruments [line items]
Net exposure	$ 0	$ 0
Average exchange rate | € / $	0	0
Currency risk | Currency swap contract | EUR/USD | More than 12
Disclosure of detailed information about hedging instruments [line items]
Net exposure	$ 22,130	$ 15,078
Average exchange rate | € / $	0.91	0.86
Interest rate risk | Interest rate swaps | Brazilian reais | 1‑6 months
Disclosure of detailed information about hedging instruments [line items]
Net exposure	$ 0	$ 0
Average interest rate	0%	0%
Interest rate risk | Interest rate swaps | Brazilian reais | 6‑12 months
Disclosure of detailed information about hedging instruments [line items]
Net exposure	$ 0	$ 0
Average interest rate	0%	0%
Interest rate risk | Interest rate swaps | Brazilian reais | More than 12
Disclosure of detailed information about hedging instruments [line items]
Net exposure	$ 9,681	$ 6,175
Average interest rate	0.16%	0.09%
Interest rate risk | Interest rate swaps | Mexican pesos | 1‑6 months
Disclosure of detailed information about hedging instruments [line items]
Net exposure	$ 0	$ 0
Average interest rate	0%	0%
Interest rate risk | Interest rate swaps | Mexican pesos | 6‑12 months
Disclosure of detailed information about hedging instruments [line items]
Net exposure	$ 0	$ 0
Average interest rate	0%	0%
Interest rate risk | Interest rate swaps | Mexican pesos | More than 12
Disclosure of detailed information about hedging instruments [line items]
Net exposure	$ 11,403	$ 11,403
Average interest rate	7.17%	7.17%
Interest rate risk | Interest rate swaps | Chilean pesos | 1‑6 months
Disclosure of detailed information about hedging instruments [line items]
Net exposure	$ 271	$ 0
Average interest rate	5.79%	0%
Interest rate risk | Interest rate swaps | Chilean pesos | 6‑12 months
Disclosure of detailed information about hedging instruments [line items]
Net exposure	$ 0	$ 131
Average interest rate	0%	6.55%
Interest rate risk | Interest rate swaps | Chilean pesos | More than 12
Disclosure of detailed information about hedging instruments [line items]
Net exposure	$ 0	$ 726
Average interest rate	0%	5.79%
Interest rate risk | Interest rate swaps | U.S. dollars | 1‑6 months
Disclosure of detailed information about hedging instruments [line items]
Net exposure	$ 0	$ 0
Average interest rate	0%	0%
Interest rate risk | Interest rate swaps | U.S. dollars | 6‑12 months
Disclosure of detailed information about hedging instruments [line items]
Net exposure	$ 0	$ 0
Average interest rate	0%	0%
Interest rate risk | Interest rate swaps | U.S. dollars | More than 12
Disclosure of detailed information about hedging instruments [line items]
Net exposure	$ 3	$ 2,367
Average interest rate	3.57%	3.57%
Commodity price risk | Commodity price contracts | Sugar Price Contracts | 1‑6 months
Disclosure of detailed information about hedging instruments [line items]
Net exposure	$ 1,058	$ 1,366
Average price | $ / lb	17.62	15.22
Commodity price risk | Commodity price contracts | Sugar Price Contracts | 6‑12 months
Disclosure of detailed information about hedging instruments [line items]
Net exposure	$ 631	$ 653
Average price | $ / lb	17.08	14.76
Commodity price risk | Commodity price contracts | Sugar Price Contracts | More than 12
Disclosure of detailed information about hedging instruments [line items]
Net exposure	$ 468	$ 769
Average price | $ / lb	17.14	14.74
Commodity price risk | Commodity price contracts | Aluminum price contracts | 1‑6 months
Disclosure of detailed information about hedging instruments [line items]
Net exposure	$ 294	$ 67
Average price | $ / T	2,483	1,722
Commodity price risk | Commodity price contracts | Aluminum price contracts | 6‑12 months
Disclosure of detailed information about hedging instruments [line items]
Net exposure	$ 368	$ 35
Average price | $ / T	2,480	1,777
Commodity price risk | Commodity price contracts | Aluminum price contracts | More than 12
Disclosure of detailed information about hedging instruments [line items]
Net exposure	$ 0	$ 0
Average price | $ / T	0	0
Commodity price risk | Commodity price contracts | PX MEG contracts | 1‑6 months
Disclosure of detailed information about hedging instruments [line items]
Net exposure		$ 337
Average price | $ / T		934
Commodity price risk | Commodity price contracts | PX MEG contracts | 6‑12 months
Disclosure of detailed information about hedging instruments [line items]
Net exposure		$ 134
Average price | $ / T		866
Commodity price risk | Commodity price contracts | PX MEG contracts | More than 12
Disclosure of detailed information about hedging instruments [line items]
Net exposure		$ 0
Average price | $ / T		0

Financial Instruments - Hedging

Financial Instruments - Hedging reserve Rollforward (Details) - MXN ($) $ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Disclosure of detailed information about hedged items [line items]
Taxes due to changes in reserves during the period	$ (1,158)	$ 992	$ 871
Reserve of cash flow hedges
Disclosure of detailed information about hedged items [line items]
Balances at beginning of the period	4,121
Balances at the end of the period	1,881	$ 4,121
Reserve of cash flow hedges | Foreign exchange currency risk | Purchase of stock
Disclosure of detailed information about hedged items [line items]
Fair value changes	(908)
Amounts included in non-financial costs	526
Reserve of cash flow hedges | Foreign exchange currency risk | Other stock
Disclosure of detailed information about hedged items [line items]
Fair value changes	(5,538)
Amounts reclassified to profit an loss	2,696
Reserve of cash flow hedges | Interest rate risk
Disclosure of detailed information about hedged items [line items]
Fair value changes	199
Amounts reclassified to profit an loss	0
Taxes due to changes in reserves during the period	1,163
Reserve of cash flow hedges | Commodity price risk | Purchase of stock
Disclosure of detailed information about hedged items [line items]
Fair value changes	235
Amounts included in non-financial costs	$ (613)

Financial Instruments - Impact

Financial Instruments - Impact of hedging on equity (Details) $ in Millions, $ in Millions	12 Months Ended
	Dec. 31, 2022 USD ($)	[1]	Dec. 31, 2022 MXN ($)	Dec. 31, 2021 MXN ($)	Dec. 31, 2020 MXN ($)
Disclosure of detailed information about hedged items [line items]
Beginning Balance			$ 335,117	$ 307,187	$ 325,751
Foreign currency revaluation of the net foreign operations	$ 189		3,677	350	1,060
Ending Balance	$ 17,328		337,801	335,117	307,187
Total controlling interest
Disclosure of detailed information about hedged items [line items]
Beginning Balance			262,601	237,743	251,989
Ending Balance			262,604	262,601	237,743
Non-controlling interest
Disclosure of detailed information about hedged items [line items]
Beginning Balance			72,516	69,444	73,762
Ending Balance			75,197	72,516	69,444
Impact Of Hedging Instruments
Disclosure of detailed information about hedged items [line items]
Beginning Balance			4,121	1,580
Financial instruments - purchases			(2,595)	1,816
Change in fair value of financial instruments recognized in OCI			(4,610)	5,086
Amount reclassified from OCI to profit or loss			2,609	(1,883)
Foreign currency revaluation of the net foreign operations			1,183	(1,490)
Effects of changes in foreign exchange rates			10	5
Tax effect			(1,163)	992
Ending Balance			1,881	4,121	1,580
Impact Of Hedging Instruments | Total controlling interest
Disclosure of detailed information about hedged items [line items]
Beginning Balance			3,385	1,854
Financial instruments - purchases			(2,326)	1,274
Change in fair value of financial instruments recognized in OCI			(3,110)	2,998
Amount reclassified from OCI to profit or loss			2,688	(1,558)
Foreign currency revaluation of the net foreign operations			513	(654)
Effects of changes in foreign exchange rates			4	3
Tax effect			(804)	531
Ending Balance			1,958	3,385	1,854
Impact Of Hedging Instruments | Forward contract
Disclosure of detailed information about hedged items [line items]
Beginning Balance			(124)	(541)
Financial instruments - purchases			(223)	33
Change in fair value of financial instruments recognized in OCI			(211)	(13)
Amount reclassified from OCI to profit or loss			303	568
Effects of changes in foreign exchange rates			2	3
Tax effect			(30)	175
Ending Balance			(223)	(124)	(541)
Impact Of Hedging Instruments | Currency swap contract
Disclosure of detailed information about hedged items [line items]
Beginning Balance			3,403	2,729
Financial instruments - purchases			(2,080)	1,040
Change in fair value of financial instruments recognized in OCI			(3,231)	2,036
Amount reclassified from OCI to profit or loss			2,674	(1,587)
Foreign currency revaluation of the net foreign operations			513	(654)
Effects of changes in foreign exchange rates			1	4
Tax effect			(769)	165
Ending Balance			2,049	3,403	2,729
Impact Of Hedging Instruments | Interest rate swaps
Disclosure of detailed information about hedged items [line items]
Beginning Balance			(34)	(442)
Change in fair value of financial instruments recognized in OCI			199	584
Tax effect			54	175
Ending Balance			111	(34)	(442)
Impact Of Hedging Instruments | Commodity price contracts
Disclosure of detailed information about hedged items [line items]
Beginning Balance			141	109
Financial instruments - purchases			(23)	202
Change in fair value of financial instruments recognized in OCI			133	390
Amount reclassified from OCI to profit or loss			(289)	(539)
Effects of changes in foreign exchange rates			1	(4)
Tax effect			(59)	16
Ending Balance			22	141	109
Impact Of Hedging Instruments | Non-controlling interest
Disclosure of detailed information about hedged items [line items]
Beginning Balance			736	(274)
Financial instruments - purchases			(269)	541
Change in fair value of financial instruments recognized in OCI			(1,500)	2,088
Amount reclassified from OCI to profit or loss			(79)	(325)
Foreign currency revaluation of the net foreign operations			670	(836)
Effects of changes in foreign exchange rates			6	2
Tax effect			(359)	460
Ending Balance			$ (77)	$ 736	$ (274)
[1]Convenience translation to U.S. dollars ($) – See Note 2.2.3

Non-Controlling Interest in C_3

Non-Controlling Interest in Consolidated Subsidiaries (Details) $ in Millions, $ in Millions	Dec. 31, 2022 USD ($)	[1]	Dec. 31, 2022 MXN ($)	Dec. 31, 2021 MXN ($)
Disclosure Of Non Controlling Interest In Consolidated Subsidiaries [line items]
Non controlling interest	$ 3,857		$ 75,197	$ 72,516
Coca-Cola FEMSA
Disclosure Of Non Controlling Interest In Consolidated Subsidiaries [line items]
Non controlling interest			72,128	69,692
Other
Disclosure Of Non Controlling Interest In Consolidated Subsidiaries [line items]
Non controlling interest			$ 3,069	$ 2,824
[1]Convenience translation to U.S. dollars ($) – See Note 2.2.3

Non-Controlling Interest in C_4

Non-Controlling Interest in Consolidated Subsidiaries - Rollforward (Details) $ in Millions, $ in Millions	12 Months Ended
	Dec. 31, 2022 USD ($)	[1]	Dec. 31, 2022 MXN ($)	Dec. 31, 2021 MXN ($)	Dec. 31, 2020 MXN ($)
Disclosure Of Non Controlling Interest In Consolidated Subsidiaries [line items]
Beginning Balance			$ 335,117	$ 307,187	$ 325,751
Consolidated net income	$ 1,784		34,743	37,678	3,756
Other comprehensive loss	(765)		(14,932)	3,560	(7,321)
Remeasurements of the Net Defined Benefit Liability	34		661	296	(474)
Dividends declared and paid			(17,534)	(13,416)	(15,884)
Share based payment			89	40	(339)
Contribution from non-controlling interest			352
Ending Balance	$ 17,328		337,801	335,117	307,187
Non-controlling interest
Disclosure Of Non Controlling Interest In Consolidated Subsidiaries [line items]
Beginning Balance			72,516	69,444	73,762
Consolidated net income			10,834	9,183	5,686
Other comprehensive loss			(2,198)	(368)	(5,793)
Exchange differences on translation of foreign operation			(1,558)	(1,342)	(5,958)
Remeasurements of the Net Defined Benefit Liability			173	(36)	(169)
Valuation of the effective portion of derivative financial instruments			(813)	1,010	334
Dividends declared and paid			(6,176)	(5,729)	(5,524)
Share based payment			(57)	(14)	(64)
Acquisitions of non-controlling interest			0	0	1,298
Other acquisitions and remeasurements			5	0	79
Repurchase of non-controlling interests			(79)	0	0
Contribution from non-controlling interest			352	0	0
Ending Balance			$ 75,197	$ 72,516	$ 69,444
[1]Convenience translation to U.S. dollars ($) – See Note 2.2.3

Non-Controlling Interest in C_5

Non-Controlling Interest in Consolidated Subsidiaries - AOCI (Details) $ in Millions, $ in Millions	Dec. 31, 2022 USD ($)	[1]	Dec. 31, 2022 MXN ($)	Dec. 31, 2021 MXN ($)
Disclosure Of Non Controlling Interest In Consolidated Subsidiaries [line items]
Accumulated other comprehensive income	$ (494)		$ (9,649)	$ 3,085
Non-controlling interest
Disclosure Of Non Controlling Interest In Consolidated Subsidiaries [line items]
Exchange differences on translation foreign operation			(9,557)	(7,999)
Remeasurements of the net defined benefits liability			(422)	(595)
Valuation of the effective portion of derivative financial instruments			(80)	733
Accumulated other comprehensive income			$ (10,059)	$ (7,861)
[1]Convenience translation to U.S. dollars ($) – See Note 2.2.3

Non-Controlling Interest in C_6

Non-Controlling Interest in Consolidated Subsidiaries - Summarized Financial Information (Details) $ in Millions, $ in Millions	12 Months Ended
	Dec. 31, 2022 USD ($)	[1]	Dec. 31, 2022 MXN ($)	Dec. 31, 2021 MXN ($)	Dec. 31, 2020 MXN ($)	Dec. 31, 2022 MXN ($)
Disclosure Of Non Controlling Interest In Consolidated Subsidiaries [line items]
Total current assets	$ 11,616			$ 230,718		$ 226,449
Total non-current assets	29,357			506,782		572,366
Total current liabilities	9,073			136,723		176,922
Total non-current liabilities	14,572			265,660		284,092
Total revenue	34,531		$ 673,202	556,261	$ 492,966
Net cash flows generated from operating activities	3,723		72,576	73,090	53,173
Net cash flows used in investing activities	(2,383)		(46,432)	(46,175)	(31,367)
Net cash flows used in financing activities	$ (1,842)		(35,898)	(36,989)	$ 19,575
Coca-Cola FEMSA
Disclosure Of Non Controlling Interest In Consolidated Subsidiaries [line items]
Total current assets				80,364		79,212
Total non-current assets				191,203		198,783
Total current liabilities				46,221		57,960
Total non-current liabilities				97,774		$ 88,159
Total revenue			226,740	194,804
Consolidated net income			19,626	16,331
Consolidated comprehensive income for the year, net of tax			15,767	15,764
Net cash flows generated from operating activities			35,491	32,721
Net cash flows used in investing activities			(19,597)	(9,547)
Net cash flows used in financing activities			$ (20,847)	$ (20,263)
[1]Convenience translation to U.S. dollars ($) – See Note 2.2.3

Non-Controlling Interest in C_7

Non-Controlling Interest in Consolidated Subsidiaries - Options (Details) - MXN ($) $ in Millions		12 Months Ended
	Dec. 13, 2019	Dec. 31, 2022	Dec. 31, 2019
Disclosure Of Non Controlling Interest In Consolidated Subsidiaries [line items]
Intrinsic value of derivative instrument		$ 0
Grupo Socofar
Disclosure Of Non Controlling Interest In Consolidated Subsidiaries [line items]
Percentage of ownership interest of subsidiary	40%		100%
NW Synergy Holdings LLC.
Disclosure Of Non Controlling Interest In Consolidated Subsidiaries [line items]
Percentage of ownership interest of subsidiary		89.50%
Option to exercise right to require sale of interest, term		90 days
FEMSA Comercio Health Division
Disclosure Of Non Controlling Interest In Consolidated Subsidiaries [line items]
Ownership under option, as a percent	40%
Open Market
Disclosure Of Non Controlling Interest In Consolidated Subsidiaries [line items]
Ownership under option, as a percent		20%
Percentage of ownership interest of subsidiary		20%

Equity (Details)

Equity (Details) $ in Millions	12 Months Ended
	Dec. 31, 2022 MXN ($) item series shares	Dec. 31, 2021 shares
Disclosure of classes of share capital [line items]
Capital stock issued (in shares)	3,578,226,270	3,578,226,270
Total shares (in shares)	17,891,131,350	17,891,131,350
Fixed capital stock amounts | $	$ 300
Variable capital, maximum multiple of fixed capital | item	10
“BD” Units
Disclosure of classes of share capital [line items]
Capital stock issued (in shares)	2,161,177,770	2,161,177,770
Total shares (in shares)	10,805,888,850	10,805,888,850
Number of series | series	1
“B” Units
Disclosure of classes of share capital [line items]
Capital stock issued (in shares)	1,417,048,500	1,417,048,500
Total shares (in shares)	7,085,242,500	7,085,242,500
Minimum percentage for voting	51%
Series L shares
Disclosure of classes of share capital [line items]
Maximum percentage for voting right	25%
“D”
Disclosure of classes of share capital [line items]
Maximum percentage for voting right	49%
Sub series D-L shares
Disclosure of classes of share capital [line items]
Maximum percentage for voting right	25%
Number of series | series	2
Non cumulative premium
Disclosure of classes of share capital [line items]
Dividend payable, premium, as percentage of non-premium dividend	125%
“B”
Disclosure of classes of share capital [line items]
Number of series | series	5
Sub series D B shares
Disclosure of classes of share capital [line items]
Number of series | series	2

Equity - Summary of Capital Sto

Equity - Summary of Capital Stock (Details) - MXN ($) $ in Millions	Nov. 07, 2022	Nov. 03, 2022	May 05, 2022	May 03, 2022	Nov. 05, 2021	Nov. 03, 2021	May 06, 2021	May 04, 2021	Nov. 05, 2020	Nov. 03, 2020	Aug. 20, 2020	May 05, 2020	Dec. 31, 2022	Apr. 08, 2022	Mar. 28, 2022	Dec. 31, 2021	Mar. 24, 2021	Mar. 19, 2021	Dec. 31, 2020	Mar. 20, 2020	Mar. 17, 2020
Disclosure of classes of share capital [line items]
Units (in shares)													3,578,226,270			3,578,226,270
Series "B" (in shares)													9,246,420,270			9,246,420,270
Series "D" (in shares)													8,644,711,080			8,644,711,080
Series "D-B" (in shares)													4,322,355,540			4,322,355,540
Series "D-L" (in shares)													4,322,355,540			4,322,355,540
Total shares (in shares)													17,891,131,350			17,891,131,350
Statutory reserve													$ 596			$ 596
Total CUFIN balance amount													$ 294,037
“B” Units
Disclosure of classes of share capital [line items]
Units (in shares)													1,417,048,500			1,417,048,500
Series "B" (in shares)													7,085,242,500			7,085,242,500
Total shares (in shares)													7,085,242,500			7,085,242,500
“BD” Units
Disclosure of classes of share capital [line items]
Units (in shares)													2,161,177,770			2,161,177,770
Series "B" (in shares)													2,161,177,770			2,161,177,770
Series "D" (in shares)													8,644,711,080			8,644,711,080
Series "D-B" (in shares)													4,322,355,540			4,322,355,540
Series "D-L" (in shares)													4,322,355,540			4,322,355,540
Total shares (in shares)													10,805,888,850			10,805,888,850
Ordinary shares
Disclosure of classes of share capital [line items]
Dividend approved to be paid													$ 11,358	$ 11,358		$ 7,687	$ 7,687		$ 10,360	$ 10,360
Percentage of dividend paid	50%		50%		50%		50%				50%
Maximum reserve for share purchase	$ 17,000				$ 17,000				$ 17,000
Ordinary shares | Non-controlling interest
Disclosure of classes of share capital [line items]
Dividend approved to be paid		$ 6,021				$ 5,588				$ 5,389
Coca-Cola FEMSA | Ordinary shares
Disclosure of classes of share capital [line items]
Dividend approved to be paid													$ 11,407		$ 11,407	$ 10,588		$ 10,588	$ 10,210		$ 10,210
Percentage of dividend paid		50%		50%		50%		50%	50%	50%		50%

Equity - Dividends Declared and

Equity - Dividends Declared and Paid (Details) - $ / shares	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
“B”
Disclosure of classes of share capital [line items]
Dividend declared and paid per share	$ 0.56600	$ 0.38333	$ 0.51667
“D”
Disclosure of classes of share capital [line items]
Dividend declared and paid per share	$ 0.70850	$ 0.47917	$ 0.64583

Earnings per Share (Details)

Earnings per Share (Details) $ / shares in Units, shares in Thousands, $ in Millions, $ in Millions	12 Months Ended
	Dec. 31, 2022 USD ($) shares		Dec. 31, 2022 MXN ($) $ / shares shares	Dec. 31, 2021 MXN ($) $ / shares shares	Dec. 31, 2020 MXN ($) $ / shares shares
Earnings per share [line items]
Net controlling interest income allocated	$ 1,228	[1]	$ 23,909	$ 28,495	$ (1,930)
Per Series B Shares
Earnings per share [line items]
Weighted average number of shares for basic earnings per share (in shares)	9,241,720		9,241,720	9,242,880	9,243,590
Effect of dilution associated with non-vested shares for share based payment plans (in shares)	4,700		4,700	3,540	2,830
Weighted average number of shares adjusted for the effect of dilution (Shares outstanding)	9,246,420		9,246,420	9,246,420	9,246,420
Dividend rights per series	100%		100%	100%	100%
Weighted average number of shares further adjusted to reflect dividend rights (in shares)	9,246,420		9,246,420	9,246,420	9,246,420
Basic earnings per share (in dollars per share) | $ / shares			$ 1.19	$ 1.42	$ (0.10)
Diluted earnings per share (in dollars per share) | $ / shares			$ 1.19	$ 1.42	$ (0.10)
Allocation of earnings, weighted	46.11%		46.11%	46.11%	46.11%
Net controlling interest income allocated | $			$ 11,025	$ 13,139	$ (890)
Per Series D Shares
Earnings per share [line items]
Weighted average number of shares for basic earnings per share (in shares)	8,625,920		8,625,920	8,630,540	8,633,380
Effect of dilution associated with non-vested shares for share based payment plans (in shares)	18,790		18,790	14,170	11,330
Weighted average number of shares adjusted for the effect of dilution (Shares outstanding)	8,644,710		8,644,710	8,644,710	8,644,710
Dividend rights per series	125%		125%	125%	125%
Weighted average number of shares further adjusted to reflect dividend rights (in shares)	10,805,890		10,805,890	10,805,890	10,805,890
Basic earnings per share (in dollars per share) | $ / shares			$ 1.49	$ 1.78	$ (0.12)
Diluted earnings per share (in dollars per share) | $ / shares			$ 1.49	$ 1.78	$ (0.12)
Allocation of earnings, weighted	53.89%		53.89%	53.89%	53.89%
Net controlling interest income allocated | $			$ 12,884	$ 15,356	$ (1,040)
[1]Convenience translation to U.S. dollars ($) – See Note 2.2.3

Taxes (Details)

Taxes (Details) $ in Millions															2 Months Ended	3 Months Ended		4 Months Ended	5 Months Ended	6 Months Ended		12 Months Ended						23 Months Ended	24 Months Ended
	Dec. 31, 2021 UYI / l	Dec. 30, 2021	Jan. 01, 2021	Dec. 31, 2020 UYI / l	Dec. 29, 2020 UYI / l	Jan. 01, 2020 MXN ($) $ / l	Jan. 01, 2020 USD ($) $ / l	Nov. 18, 2019	Nov. 17, 2019	Jul. 01, 2019	Mar. 01, 2019	Feb. 28, 2019	Jan. 01, 2019 item	Aug. 31, 2018	Jan. 31, 2021	Dec. 31, 2019	Sep. 30, 2019	Dec. 31, 2018	May 31, 2020	Nov. 30, 2020	Jun. 30, 2019	Dec. 31, 2022 MXN ($)	Dec. 31, 2021 MXN ($)	Dec. 31, 2020	Dec. 31, 2019 $ / l	Dec. 31, 2018 item	Dec. 31, 2017	Dec. 31, 2022	Dec. 31, 2019
Disclosure of income taxes [Line Items]
Income tax rate																						30%	30%	30%
Adjustments for previous tax years																						0.40%	0%	30.30%
Useful life measured as period of time, intangible assets other than goodwill																						15 years
Mexico
Disclosure of income taxes [Line Items]
Income tax rate						30%	30%															30%	30%	30%
Excise tax rate			0.25
Threshold limit on deductible interest						$ 20,000,000	$ 1
Expiration term of nondeductible interest exceeding limit						10 years	10 years
Excise tax per litre | $ / l						1.2616	1.2616																		1.17
Mexico | Carbonated Beverages
Disclosure of income taxes [Line Items]
Excise tax rate						0.070	0.070																		0.050
Argentina
Disclosure of income taxes [Line Items]
Income tax rate																							35%	25%			35%		30%
Tax on dividends	7%															7%		7%				13%	7%		7%	7%		13%	7%
Argentina | Sales taxes in the province of Buenos Aires
Disclosure of income taxes [Line Items]
Sales Tax Rate																										1.50%	1.75%
Argentina | Sales Tax in City of Buenos Aires
Disclosure of income taxes [Line Items]
Sales Tax Rate																							0.50%	1%	1.50%	2%	1%
Argentina | Both Province and City of Buenos Aires
Disclosure of income taxes [Line Items]
Sales Tax Rate																						1.50%
Argentina | Current year | Sales Tax in City of Buenos Aires
Disclosure of income taxes [Line Items]
Sales Tax Rate																						0%
Colombia
Disclosure of income taxes [Line Items]
Income tax rate																						35%	30%	32%	33%
Minimum assumed income tax rate																							0%	0.50%	1.50%
Capitalization Ratio | item													2													3
Municipality sales tax, portion credited against income tax payable, as a percent																						100%	50%	100%	50%
Colombia | Colombian resident individuals
Disclosure of income taxes [Line Items]
Tax on dividends				10%									7.50%			15%								10%	15%				15%
Colombia | Taxable Entities Outside Free Trade Zone
Disclosure of income taxes [Line Items]
Tax on dividends													7.50%
Colombia | Foreign Nonresidents Individuals And Companies
Disclosure of income taxes [Line Items]
Tax on dividends				10%												7.50%		5%						10%	7.50%	5%			7.50%
Colombia | Current year
Disclosure of income taxes [Line Items]
Income tax rate																						30%
Colombia | Bottom of range
Disclosure of income taxes [Line Items]
Income tax rate																							31%
Minimum assumed income tax rate																							0%	1.50%	1.50%	3.50%
Panama
Disclosure of income taxes [Line Items]
Selective consumption tax								10%	10%
Panama | NonCarbonated Beverages
Disclosure of income taxes [Line Items]
Excise tax rate						0.050	0.050
Panama | Carbonated Beverages
Disclosure of income taxes [Line Items]
Excise tax rate								0.070	0.050
Brazil
Disclosure of income taxes [Line Items]
Income tax recoveries | $																						$ 1,060,000,000	$ 1,243,000,000
Excise tax rate														0.200	0.040	0.100	0.080	0.040	0.040	0.080	0.120							0.08
Sales Tax Rate																							16.20%
Costa Rica
Disclosure of income taxes [Line Items]
Value-added tax										13%
Percentage of capital gains										15%
Percentage of withholding taxes on salaries of employees										25%
Percentage of withholding taxes on compensations of employees										20%
Percentage of tax rate that exceeds EBITDA										20%
Chile
Disclosure of income taxes [Line Items]
Income tax rate																								27%
Nicaragua
Disclosure of income taxes [Line Items]
Excise tax rate			0.150			0.130	0.130				0.110	0.090
Minimum alternative tax rate											3%	1%
Uruguay
Disclosure of income taxes [Line Items]
Excise tax rate	0.22	0.19
Excise tax credit | UYI / l	0.53			0.53	1.15

Taxes - Components of Income Ta

Taxes - Components of Income Tax Expense (Details) $ in Millions, $ in Millions	3 Months Ended	12 Months Ended
	Jun. 30, 2020 MXN ($)	Dec. 31, 2022 USD ($)	[1]	Dec. 31, 2022 MXN ($)	Dec. 31, 2021 MXN ($)	Dec. 31, 2020 MXN ($)
Disclosure of income taxes [Line Items]
Current tax expense				$ 15,510	$ 13,657	$ 18,690
Deferred tax expense (benefit):
Origination and reversal of temporary differences				(624)	2,115	(5,824)
Utilization (recognition) of tax losses, net				(389)	(1,498)	1,994
Change in the statutory rate				(102)	4	(41)
Total deferred tax expense (benefit)				(1,115)	621	(3,871)
Total income taxes		$ 738		$ 14,395	$ 14,278	$ 14,819
Mexico
Disclosure of income taxes [Line Items]
Current tax expense	$ 5,500
Deferred tax expense (benefit):
Total income taxes	8,754
Penalties on income tax	3,253
Restatement effects on income tax	$ 868
[1]Convenience translation to U.S. dollars ($) – See Note 2.2.3

Taxes - Expenses Recognized in

Taxes - Expenses Recognized in OCI (Details) - MXN ($) $ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Statement [Line Items]
Unrealized gain (loss) on cash flow hedges	$ (1,158)	$ 992	$ 871
Exchange differences on translation of foreign operations	(3,742)	(1,730)	4,758
Remeasurements of the net defined benefit liability	383	127	(208)
Share of the other comprehensive income of equity method accounted investees	1,129	1,506	(2,597)
Total income tax expense (benefit) recognized in OCI	(3,388)	$ 895	$ 2,824
Employee benefits
Statement [Line Items]
Share of the other comprehensive income of equity method accounted investees	114
CTA
Statement [Line Items]
Share of the other comprehensive income of equity method accounted investees	1,138
MTM
Statement [Line Items]
Share of the other comprehensive income of equity method accounted investees	$ (123)

Taxes - Reconciliation of tax r

Taxes - Reconciliation of tax rate (Details) - MXN ($) $ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Taxes [Abstract]
Mexican statutory income tax rate	30%	30%	30%
Difference between book and tax inflationary values and translation effects	(5.40%)	(4.80%)	(5.00%)
Annual inflation tax adjustment	7%	7.70%	3%
Difference between statutory income tax rates	2.80%	0.20%	1%
Non-deductible expenses	3.80%	2.10%	3.80%
Taxable (non-taxable) income	1.40%	2.30%	2.90%
Others	0.10%	0.10%	(1.90%)
Impairments	0%	0%	4.60%
Adjustments for previous tax years	0.40%	0%	30.30%
Income tax credits	0%	(1.50%)	(8.30%)
Tax Loss	(5.50%)	(1.40%)	16.30%
Consolidated Effective income tax rate	34.60%	34.70%	76.70%
Recognized deferred tax asset	$ (2,194)		$ 2,349
Effective income tax rate without extraordinary effects			42.90%

Taxes - Deferred income tax in

Taxes - Deferred income tax in financial statements (Details) $ in Millions, $ in Millions	12 Months Ended
	Dec. 31, 2022 MXN ($)	Dec. 31, 2021 MXN ($)	Dec. 31, 2020 MXN ($)	Dec. 31, 2022 USD ($)	[1]	Dec. 31, 2022 MXN ($)	Dec. 31, 2019 MXN ($)
Disclosure of income taxes [Line Items]
Deferred tax (liability)/asset, net		$ (14,691)	$ (16,010)			$ (20,067)	$ (13,575)
Deferred income tax related to consolidated statement of income	$ (1,682)	178	(4,069)
Deferred tax income net recorded in share of the profit of equity method accounted investees	567	443	198
Total deferred tax expense (benefit)	$ (1,115)	621	(3,871)
Deferred tax asset		(20,733)		$ (1,379)		(26,890)
Deferred tax liability		6,042		$ 350		6,823
Deferred tax recovery period	10 years
Allowance for doubtful accounts
Disclosure of income taxes [Line Items]
Deferred tax (liability)/asset, net		35				389
Deferred income tax related to consolidated statement of income	$ 21	(3)	(25)
Inventories
Disclosure of income taxes [Line Items]
Deferred tax (liability)/asset, net		(206)				107
Deferred income tax related to consolidated statement of income	99	(17)	60
Other current assets
Disclosure of income taxes [Line Items]
Deferred tax (liability)/asset, net		(144)				(99)
Deferred income tax related to consolidated statement of income	(78)	47	(162)
Property, plant and equipment, net
Disclosure of income taxes [Line Items]
Deferred tax (liability)/asset, net		6,495				7,288
Deferred income tax related to consolidated statement of income	(1,345)	(1,081)	(708)
Right of use Assets from leases
Disclosure of income taxes [Line Items]
Deferred tax (liability)/asset, net		1,218				1,433
Deferred income tax related to consolidated statement of income	(151)	(482)	(509)
Investments in equity method accounted investees
Disclosure of income taxes [Line Items]
Deferred tax (liability)/asset, net		7,533				7,330
Deferred income tax related to consolidated statement of income	(58)	(22)	(15)
Other assets
Disclosure of income taxes [Line Items]
Deferred tax (liability)/asset, net		(192)				283
Deferred income tax related to consolidated statement of income	36	(2)	(729)
Finite useful lived intangible assets
Disclosure of income taxes [Line Items]
Deferred tax (liability)/asset, net		(297)				(3)
Deferred income tax related to consolidated statement of income	(139)	498	129
Indefinite lived intangible assets
Disclosure of income taxes [Line Items]
Deferred tax (liability)/asset, net		(3,038)				(3,693)
Deferred income tax related to consolidated statement of income	402	36	(261)
Post-employment and other long-term employee benefits
Disclosure of income taxes [Line Items]
Deferred tax (liability)/asset, net		1,746				736
Deferred income tax related to consolidated statement of income	(71)	(258)	(175)
Derivative financial instruments
Disclosure of income taxes [Line Items]
Deferred tax (liability)/asset, net		(1,622)				(420)
Deferred income tax related to consolidated statement of income	(111)	738	111
Temporary non-deductible provision
Disclosure of income taxes [Line Items]
Deferred tax (liability)/asset, net		3,443				3,971
Deferred income tax related to consolidated statement of income	43	1,280	(1,751)
Employee profit sharing payable
Disclosure of income taxes [Line Items]
Deferred tax (liability)/asset, net		759				871
Deferred income tax related to consolidated statement of income	(304)	(393)	64
Tax loss carryforwards
Disclosure of income taxes [Line Items]
Deferred tax (liability)/asset, net		9,047				10,177
Deferred income tax related to consolidated statement of income	(389)	(1,498)	1,994
Tax credits to recover
Disclosure of income taxes [Line Items]
Deferred tax (liability)/asset, net		1,394				1,065
Deferred income tax related to consolidated statement of income	255	1,200	(1,629)
Cumulative other comprehensive income
Disclosure of income taxes [Line Items]
Deferred tax (liability)/asset, net		0				218
Deferred income tax related to consolidated statement of income	(417)	0	0
Exchange differences on translation of foreign operations in OCI
Disclosure of income taxes [Line Items]
Deferred tax (liability)/asset, net		(8,170)				(4,603)
Other liabilities
Disclosure of income taxes [Line Items]
Deferred tax (liability)/asset, net		2,668				752
Deferred income tax related to consolidated statement of income	797	(4)	(440)
Finance leases
Disclosure of income taxes [Line Items]
Deferred tax (liability)/asset, net		220				382
Deferred income tax related to consolidated statement of income	(272)	53	(23)
Liabilities of amortization of goodwill of business acquisition
Disclosure of income taxes [Line Items]
Deferred tax (liability)/asset, net		(6,198)				(6,117)
Deferred income tax related to consolidated statement of income	$ 0	86	$ 0
Accumulated other comprehensive income
Disclosure of income taxes [Line Items]
Deferred tax (liability)/asset, net		$ (4,623)				$ (3,323)
[1]Convenience translation to U.S. dollars ($) – See Note 2.2.3

Taxes - Deferred tax related to

Taxes - Deferred tax related to OCI (Details) - MXN ($) $ in Millions	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Disclosure of income taxes [Line Items]
Deferred tax (liability)/asset, net	$ 20,067	$ 14,691	$ 16,010	$ 13,575
Accumulated other comprehensive income
Disclosure of income taxes [Line Items]
Deferred tax (liability)/asset, net	3,323	4,623
Accumulated other comprehensive income | Valuation of the effective portion of derivative financial instrument
Disclosure of income taxes [Line Items]
Deferred tax (liability)/asset, net	688	1,796
Accumulated other comprehensive income | Remeasurements of the net defined benefit liability
Disclosure of income taxes [Line Items]
Deferred tax (liability)/asset, net	(251)	(637)
Accumulated other comprehensive income | Exchange differences on translation of foreign operations
Disclosure of income taxes [Line Items]
Deferred tax (liability)/asset, net	3,778	7,520
Accumulated other comprehensive income | Gain on hedge of net investments in foreign operations
Disclosure of income taxes [Line Items]
Deferred tax (liability)/asset, net	2,216	181
Accumulated other comprehensive income | Share of other comprehensive income of associated companies and joint ventures
Disclosure of income taxes [Line Items]
Deferred tax (liability)/asset, net	$ (3,108)	$ (4,237)

Taxes - Net Deferred Income Tax

Taxes - Net Deferred Income Tax Asset Rollforward (Details) - MXN ($) $ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Taxes [Abstract]
Balance at the beginning of the period	$ 14,691	$ 16,010	$ 13,575
Deferred tax provision for the period	(1,115)	622	(3,871)
Deferred tax income net recorded in share of the profit of equity method accounted investees	(694)	277	(404)
Acquisition of subsidiaries	0	0	(1)
Unrealized (gain) on cash flow hedges	(1,281)	1,006	865
Exchange differences on translation of foreign operations	(2,604)	(491)	2,215
Remeasurements of the net defined benefit liability	497	380	(256)
Retained earnings of equity method accounted investees	(334)	32	(33)
Restatement effect of the period and beginning balances associated with hyperinflationary economies	155	(507)	(953)
Balance at the end of the period	$ 20,067	$ 14,691	$ 16,010

Taxes - Tax loss carryforwards,

Taxes - Tax loss carryforwards, maturity (Details) - MXN ($) $ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Disclosure of income taxes [Line Items]
Unused tax losses for which no deferred tax asset recognised	$ 31,323	$ 30,041	$ 26,617
Adjustments in deferred income tax assets	$ 1,816	$ 3,769
NOLs usage limit	30%
Next twelve months
Disclosure of income taxes [Line Items]
Unused tax losses for which no deferred tax asset recognised	$ 318
Year one
Disclosure of income taxes [Line Items]
Unused tax losses for which no deferred tax asset recognised	436
Year two
Disclosure of income taxes [Line Items]
Unused tax losses for which no deferred tax asset recognised	254
Year three
Disclosure of income taxes [Line Items]
Unused tax losses for which no deferred tax asset recognised	218
Year four
Disclosure of income taxes [Line Items]
Unused tax losses for which no deferred tax asset recognised	159
Year five
Disclosure of income taxes [Line Items]
Unused tax losses for which no deferred tax asset recognised	953
Year six
Disclosure of income taxes [Line Items]
Unused tax losses for which no deferred tax asset recognised	3,674
Year seven
Disclosure of income taxes [Line Items]
Unused tax losses for which no deferred tax asset recognised	3,885
Year eight
Disclosure of income taxes [Line Items]
Unused tax losses for which no deferred tax asset recognised	1,239
Tenth 12 months and thereafter
Disclosure of income taxes [Line Items]
Unused tax losses for which no deferred tax asset recognised	3,615
No expiration (Brazil and Colombia)
Disclosure of income taxes [Line Items]
Unused tax losses for which no deferred tax asset recognised	$ 16,572

Taxes - Tax Loss Carryforwards

Taxes - Tax Loss Carryforwards Rollforward (Details) - MXN ($)	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Taxes [Abstract]
Tax loss carryforwards, beginning	$ 30,041,000,000	$ 26,617,000,000
Derecognized	(13,348,000,000)	33,000,000
Additions	14,639,000,000	8,306,000,000
Usage of tax losses	(460,000,000)	(5,600,000,000)
Translation effect of beginning balances	451,000,000	685,000,000
Tax loss carryforwards, ending	31,323,000,000	30,041,000,000	$ 26,617,000,000
Taxes withheld on payment of dividends	0	0	0
Temporary differences for which tax liability not recognized	$ 40,217,000,000	$ 44,830,000,000	$ 41,280,000,000

Other Liabilities, Provisions_3

Other Liabilities, Provisions, Contingencies and Commitments (Details) $ in Millions, $ in Millions	Dec. 31, 2022 USD ($)	[1]	Dec. 31, 2022 MXN ($)	Dec. 31, 2021 MXN ($)
Other Liabilities, Provisions, Contingencies and Commitments [Abstract]
Sundry creditors			$ 16,869	$ 12,873
Derivative financial instruments (see Note 21)			470	138
Other			136	186
Total	$ 896		17,475	13,197
Contingencies			4,685	5,589
Payable taxes			1,045	662
Other			3,251	2,409
Total	$ 461		$ 8,981	$ 8,660
[1]Convenience translation to U.S. dollars ($) – See Note 2.2.3

Other Liabilities, Provisions_4

Other Liabilities, Provisions, Contingencies and Commitments - Other (Details) $ in Millions, $ in Millions	Dec. 31, 2022 USD ($)	[1]	Dec. 31, 2022 MXN ($)	Dec. 31, 2021 MXN ($)
Other Liabilities, Provisions, Contingencies and Commitments [Abstract]
Derivative financial instruments (see Note 21)			$ 5,651	$ 1,635
Security deposits			967	729
Total	$ 339		$ 6,618	$ 2,364
[1]Convenience translation to U.S. dollars ($) – See Note 2.2.3

Other Liabilities, Provisions_5

Other Liabilities, Provisions, Contingencies and Commitments - Contingencies (Details) - MXN ($) $ in Millions	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Disclosure of financial liabilities [line items]
Provisions	$ 4,685	$ 5,589
Indirect taxes
Disclosure of financial liabilities [line items]
Provisions	1,976	2,845	$ 3,153	$ 5,062
Labor
Disclosure of financial liabilities [line items]
Provisions	1,703	1,807	1,857	2,455
Legal
Disclosure of financial liabilities [line items]
Provisions	$ 1,006	$ 937	$ 1,293	$ 1,337

Other Liabilities, Provisions_6

Other Liabilities, Provisions, Contingencies and Commitments - Changes in Balance of Provisions Recorded (Details) - MXN ($) $ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Disclosure of financial liabilities [line items]
Balance at beginning of the period	$ 5,589
Balance at end of the period	4,685	$ 5,589
Spaipa SA Industria Brasileira de Bebidas
Disclosure of financial liabilities [line items]
Reversal of indemnifiable items			$ (899)
Indirect taxes
Disclosure of financial liabilities [line items]
Balance at beginning of the period	2,845	3,153	5,062
Penalties and other charges	109	77	0
New contingencies	249	314	489
Cancellation and expiration	(738)	(77)	(153)
Payments	(473)	(237)	(218)
Reversal of indemnifiable items	0	0	(1,177)
Effects of changes in foreign exchange rates	(16)	(385)	(850)
Balance at end of the period	1,976	2,845	3,153
Labor
Disclosure of financial liabilities [line items]
Balance at beginning of the period	1,807	1,857	2,455
Penalties and other charges	81	309	233
New contingencies	571	526	249
Contingencies added in business combination	67	0	0
Cancellation and expiration	(443)	(445)	(61)
Payments	(320)	(360)	(592)
Effects of changes in foreign exchange rates	(60)	(80)	(427)
Balance at end of the period	1,703	1,807	1,857
Legal
Disclosure of financial liabilities [line items]
Balance at beginning of the period	937	1,293	1,337
Penalties and other charges	63	68	8
New contingencies	141	35	362
Contingencies added in business combination	158	0	0
Cancellation and expiration	(146)	(364)	(141)
Payments	(110)	(97)	(111)
Effects of changes in foreign exchange rates	(37)	2	(162)
Balance at end of the period	$ 1,006	$ 937	$ 1,293

Other Liabilities, Provisions_7

Other Liabilities, Provisions, Contingencies and Commitments - Litigation, etc. (Details) - MXN ($) $ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Disclosure of financial liabilities [line items]
Aggregate amount claimed against company	$ 119,728
Commitments for the purchase of property, plant and equipment	2,588	$ 726	$ 432
Brazil
Disclosure of financial liabilities [line items]
Tax contingencies amount	65,338
Litigation amount	13,728	10,721	$ 7,342
Coca-Cola FEMSA
Disclosure of financial liabilities [line items]
Amount extraordinary benefit from revision of suspended tax credit		$ 1,083
Coca-Cola FEMSA | ICMS
Disclosure of financial liabilities [line items]
Tax contingencies amount	9,695
Coca-Cola FEMSA | Tax credits
Disclosure of financial liabilities [line items]
Tax contingencies amount	37,539
Coca-Cola FEMSA | Federal taxes
Disclosure of financial liabilities [line items]
Tax contingencies amount	5,214
Coca-Cola FEMSA | Amortization of goodwill
Disclosure of financial liabilities [line items]
Tax contingencies amount	9,601
Coca-Cola FEMSA | Liability over the operations of third party
Disclosure of financial liabilities [line items]
Tax contingencies amount	2,714
Coca-Cola FEMSA | Exclusion of ICMS from PIS/COFINS taxable basis
Disclosure of financial liabilities [line items]
Tax contingencies amount	$ 575

Information by Segment - By Bus

Information by Segment - By Business Unit (Details) $ in Millions, $ in Millions	12 Months Ended
	Dec. 31, 2022 USD ($)	[1]	Dec. 31, 2022 MXN ($)	Dec. 31, 2021 MXN ($)	Dec. 31, 2020 MXN ($)	Dec. 31, 2022 MXN ($)
Disclosure of operating segments [line items]
Total revenues	$ 34,531		$ 673,202	$ 556,261	$ 492,966
Gross profit	12,909		251,668	213,713	189,653
Administrative expenses	1,769		34,486	27,219	22,988
Selling expenses	8,070		157,340	134,079	123,405
Other income	56		1,088	5,887	3,343
Other expenses	147		2,870	3,727	12,381
Interest expense	837		16,314	16,938	17,516
Interest income	197		3,842	1,464	2,100
Other net finance loss			(3,908)	2,090	505
Income before income taxes and share of the profit of equity method accounted investees	2,139		41,680	41,191	19,311
Income taxes	738		14,395	14,278	14,819
Share of the profit of equity method accounted investees, net of tax	383		7,458	10,765	(736)
Consolidated net income	1,784		34,743	37,678	3,756
Depreciation and amortization			30,527	27,987	28,049
Non-cash items other than depreciation and amortization			2,869	2,441	2,421
Investments in equity method accounted investees	5,317			107,299	98,270	$ 103,669
Total assets	40,973			737,500	684,848	798,815
Total liabilities	$ 23,645			402,383	377,661	461,014
Investments in fixed assets				24,055	20,893	34,410
Coca-Cola FEMSA
Disclosure of operating segments [line items]
Total revenues			220,251	189,376	178,599
Proximity Division - Americas
Disclosure of operating segments [line items]
Total revenues			233,884	198,066	180,826
Proximity Europe
Disclosure of operating segments [line items]
Total revenues			9,809	0	0
Health Division
Disclosure of operating segments [line items]
Total revenues			74,800	73,027	65,172
Fuel Division
Disclosure of operating segments [line items]
Total revenues			51,502	39,865	34,313
Logistics and Distribution
Disclosure of operating segments [line items]
Total revenues			65,785	42,603	26,060
Other
Disclosure of operating segments [line items]
Total revenues			17,171	13,324	7,996
Material reconciling items
Disclosure of operating segments [line items]
Total revenues			(22,134)	(20,244)	(20,299)
Intercompany revenue			(22,134)	(20,244)	(20,299)
Gross profit			(3,445)	(5,134)	(5,152)
Administrative expenses			0	0	0
Selling expenses			0	0	0
Other income			0	0	0
Other expenses			0	0	0
Interest expense			(5,713)	(3,613)	(3,722)
Interest income			(5,029)	(3,613)	(3,722)
Other net finance loss			0	0	0
Income before income taxes and share of the profit of equity method accounted investees			395	(154)	485
Income taxes			0	0	0
Share of the profit of equity method accounted investees, net of tax			0	0	0
Depreciation and amortization			(521)	(129)	(103)
Non-cash items other than depreciation and amortization			2	0	0
Investments in equity method accounted investees				0	0	0
Total assets				(74,087)	(59,054)	(88,943)
Total liabilities				(74,113)	(58,821)	(88,951)
Investments in fixed assets				(312)	(144)	(968)
Material reconciling items | Coca-Cola FEMSA
Disclosure of operating segments [line items]
Total revenues			(6,489)	(5,428)	(5,016)
Intercompany revenue			6,489	5,428	5,016
Material reconciling items | Proximity Division
Disclosure of operating segments [line items]
Intercompany revenue				520	451
Material reconciling items | Proximity Division - Americas
Disclosure of operating segments [line items]
Total revenues			(74)	(520)	(451)
Intercompany revenue			74
Material reconciling items | Proximity Europe
Disclosure of operating segments [line items]
Total revenues			0	0	0
Intercompany revenue			0
Material reconciling items | Health Division
Disclosure of operating segments [line items]
Total revenues			0	0	0
Intercompany revenue			0	0	0
Material reconciling items | Fuel Division
Disclosure of operating segments [line items]
Total revenues			(311)	(57)	(9)
Intercompany revenue			311	57	9
Material reconciling items | Heineken Investment
Disclosure of operating segments [line items]
Intercompany revenue			0	0	0
Material reconciling items | Logistics and Distribution
Disclosure of operating segments [line items]
Total revenues			(6,754)	(5,809)	(5,508)
Intercompany revenue			6,754	5,809	5,508
Material reconciling items | Other
Disclosure of operating segments [line items]
Total revenues			(8,506)	(8,430)	(9,315)
Intercompany revenue			8,506	8,430	9,315
Operating segments
Disclosure of operating segments [line items]
Total revenues			695,336	576,505	513,265
Operating segments | Coca-Cola FEMSA
Disclosure of operating segments [line items]
Total revenues			226,740	194,804	183,615
Gross profit			100,300	88,598	82,811
Administrative expenses			0	0	0
Selling expenses			0	0	0
Other income			0	0	0
Other expenses			0	0	0
Interest expense			6,500	6,192	7,894
Interest income			2,411	932	1,048
Other net finance loss			0	0	0
Income before income taxes and share of the profit of equity method accounted investees			25,787	22,852	16,077
Income taxes			6,547	6,609	5,428
Share of the profit of equity method accounted investees, net of tax			386	88	(281)
Depreciation and amortization			10,425	9,834	10,608
Non-cash items other than depreciation and amortization			1,738	1,613	1,494
Investments in equity method accounted investees				7,494	7,623	8,452
Total assets				271,567	263,066	277,995
Total liabilities				143,995	140,609	146,119
Investments in fixed assets				13,865	10,354	19,665
Operating segments | Proximity Division
Disclosure of operating segments [line items]
Total revenues				198,586	181,277
Gross profit				84,196	74,296
Administrative expenses				0	0
Selling expenses				0	0
Other income				0	0
Other expenses				0	0
Interest expense				6,076	5,932
Interest income				440	388
Other net finance loss				0	0
Income before income taxes and share of the profit of equity method accounted investees				12,580	6,409
Income taxes				996	(280)
Share of the profit of equity method accounted investees, net of tax				(120)	(18)
Depreciation and amortization				10,869	10,574
Non-cash items other than depreciation and amortization				448	739
Investments in equity method accounted investees				2,899	3,102
Total assets				129,821	121,200
Total liabilities				110,765	104,141
Investments in fixed assets				7,179	6,907
Operating segments | Proximity Division - Americas
Disclosure of operating segments [line items]
Total revenues			233,958	198,586	181,277
Gross profit			97,586
Administrative expenses			0
Selling expenses			0
Other income			0
Other expenses			0
Interest expense			6,851
Interest income			298
Other net finance loss			0
Income before income taxes and share of the profit of equity method accounted investees			5,661
Income taxes			2,793
Share of the profit of equity method accounted investees, net of tax			(276)
Depreciation and amortization			11,518
Non-cash items other than depreciation and amortization			511
Investments in equity method accounted investees						2,650
Total assets						143,877
Total liabilities						119,991
Investments in fixed assets						9,931
Operating segments | Proximity Europe
Disclosure of operating segments [line items]
Total revenues			9,809	0	0
Gross profit			4,599
Administrative expenses			0
Selling expenses			0
Other income			0
Other expenses			0
Interest expense			145
Interest income			6
Other net finance loss			0
Income before income taxes and share of the profit of equity method accounted investees			218
Income taxes			302
Share of the profit of equity method accounted investees, net of tax			0
Depreciation and amortization			826
Non-cash items other than depreciation and amortization			5
Investments in equity method accounted investees						0
Total assets						38,759
Total liabilities						36,647
Investments in fixed assets						544
Operating segments | Health Division
Disclosure of operating segments [line items]
Total revenues			74,800	73,027	65,172
Gross profit			21,983	21,736	19,575
Administrative expenses			0	0	0
Selling expenses			0	0	0
Other income			0	0	0
Other expenses			0	0	0
Interest expense			1,468	1,465	1,540
Interest income			86	30	162
Other net finance loss			0	0	0
Income before income taxes and share of the profit of equity method accounted investees			1,659	1,068	753
Income taxes			600	1,219	243
Share of the profit of equity method accounted investees, net of tax			0	0	0
Depreciation and amortization			3,291	3,355	3,543
Non-cash items other than depreciation and amortization			394	111	28
Investments in equity method accounted investees				0	0	1
Total assets				57,463	60,107	60,960
Total liabilities				44,037	46,038	47,798
Investments in fixed assets				2,049	1,694	2,868
Operating segments | Fuel Division
Disclosure of operating segments [line items]
Total revenues			51,813	39,922	34,322
Gross profit			6,560	5,269	4,829
Administrative expenses			0	0	0
Selling expenses			0	0	0
Other income			0	0	0
Other expenses			0	0	0
Interest expense			1,125	1,119	1,099
Interest income			338	154	155
Other net finance loss			0	0	0
Income before income taxes and share of the profit of equity method accounted investees			1,543	455	330
Income taxes			406	103	126
Share of the profit of equity method accounted investees, net of tax			0	0	0
Depreciation and amortization			1,062	972	865
Non-cash items other than depreciation and amortization			59	14	21
Investments in equity method accounted investees				19	19	19
Total assets				19,878	19,572	24,102
Total liabilities				16,503	16,466	19,574
Investments in fixed assets				243	549	157
Operating segments | Heineken Investment
Disclosure of operating segments [line items]
Total revenues			0	0	0
Gross profit			0	0	0
Administrative expenses			0	0	0
Selling expenses			0	0	0
Other income			0	0	0
Other expenses			0	0	0
Interest expense			1	0	0
Interest income			79	74	61
Other net finance loss			0	0	0
Income before income taxes and share of the profit of equity method accounted investees			66	59	48
Income taxes			11	15	12
Share of the profit of equity method accounted investees, net of tax			7,359	10,775	(434)
Depreciation and amortization			0	0	0
Non-cash items other than depreciation and amortization			0	0	0
Investments in equity method accounted investees				96,349	87,291	92,282
Total assets				101,706	92,444	98,162
Total liabilities				4,383	4,011	1,863
Investments in fixed assets				0	0	0
Operating segments | Logistics and Distribution
Disclosure of operating segments [line items]
Total revenues			72,539	48,412	31,568
Gross profit			16,165	10,569	5,191
Administrative expenses			0	0	0
Selling expenses			0	0	0
Other income			0	0	0
Other expenses			0	0	0
Interest expense			1,205	430	397
Interest income			172	1	56
Other net finance loss			0	0	0
Income before income taxes and share of the profit of equity method accounted investees			1,895	1,854	776
Income taxes			1,077	982	446
Share of the profit of equity method accounted investees, net of tax			4	8	0
Depreciation and amortization			3,115	2,684	2,062
Non-cash items other than depreciation and amortization			27	145	(25)
Investments in equity method accounted investees				0	0	12
Total assets				64,168	52,057	81,115
Total liabilities				28,245	15,163	43,231
Investments in fixed assets				557	481	1,140
Operating segments | Other
Disclosure of operating segments [line items]
Total revenues			25,677	21,754	17,311
Gross profit			7,920	8,479	8,103
Administrative expenses			0	0	0
Selling expenses			0	0	0
Other income			0	0	0
Other expenses			0	0	0
Interest expense			4,732	5,269	4,376
Interest income			5,482	3,446	3,952
Other net finance loss			0	0	0
Income before income taxes and share of the profit of equity method accounted investees			4,456	2,477	(5,567)
Income taxes			2,659	4,354	8,844
Share of the profit of equity method accounted investees, net of tax			(15)	14	(3)
Depreciation and amortization			811	402	500
Non-cash items other than depreciation and amortization			$ 133	110	164
Investments in equity method accounted investees				538	235	253
Total assets				166,984	135,456	162,788
Total liabilities				128,568	110,054	134,742
Investments in fixed assets				$ 474	$ 1,052	$ 1,073
[1]Convenience translation to U.S. dollars ($) – See Note 2.2.3

Information by Segment - By Geo

Information by Segment - By Geographic Area (Details) - MXN ($) $ in Millions	Dec. 31, 2022	Dec. 31, 2021
Disclosure of geographical areas [line items]
Total non current assets	$ 572,366	$ 506,782
Mexico and Central America
Disclosure of geographical areas [line items]
Total non current assets	245,222	234,719
Mexico
Disclosure of geographical areas [line items]
Total non current assets	237,832	220,843
United States
Disclosure of geographical areas [line items]
Total non current assets	61,164	53,447
South America
Disclosure of geographical areas [line items]
Total non current assets	121,398	117,278
Brazil
Disclosure of geographical areas [line items]
Total non current assets	67,848	65,512
Colombia
Disclosure of geographical areas [line items]
Total non current assets	17,092	14,433
Argentina
Disclosure of geographical areas [line items]
Total non current assets	4,895	4,486
Chile
Disclosure of geographical areas [line items]
Total non current assets	30,272	29,621
Uruguay
Disclosure of geographical areas [line items]
Total non current assets	3,403	2,473
Ecuador
Disclosure of geographical areas [line items]
Total non current assets	3,737	3,590
Europe
Disclosure of geographical areas [line items]
Total non current assets	$ 144,582	$ 101,338

Revenue - Disaggregation of Rev

Revenue - Disaggregation of Revenue (Details) $ in Millions, $ in Millions	12 Months Ended
	Dec. 31, 2022 USD ($)	[1]	Dec. 31, 2022 MXN ($)	Dec. 31, 2021 MXN ($)	Dec. 31, 2020 MXN ($)
Disclosure of disaggregation of revenue from contracts with customers [line items]
Total revenue	$ 34,531		$ 673,202	$ 556,261	$ 492,966
Mexico
Disclosure of disaggregation of revenue from contracts with customers [line items]
Total revenue			418,807	355,920	320,694
Brazil
Disclosure of disaggregation of revenue from contracts with customers [line items]
Total revenue			70,737	59,973	62,758
Colombia
Disclosure of disaggregation of revenue from contracts with customers [line items]
Total revenue			45,733	17,548	14,800
Argentina
Disclosure of disaggregation of revenue from contracts with customers [line items]
Total revenue			11,034	8,546	5,531
Chile
Disclosure of disaggregation of revenue from contracts with customers [line items]
Total revenue			35,423	54,709	47,208
Uruguay
Disclosure of disaggregation of revenue from contracts with customers [line items]
Total revenue			3,886	3,371	3,124
Ecuador
Disclosure of disaggregation of revenue from contracts with customers [line items]
Total revenue			9,791	9,079	9,467
Coca-Cola FEMSA
Disclosure of disaggregation of revenue from contracts with customers [line items]
Total revenue			220,251	189,376	178,599
Proximity Division - Americas
Disclosure of disaggregation of revenue from contracts with customers [line items]
Total revenue			233,884	198,066	180,826
Proximity Europe
Disclosure of disaggregation of revenue from contracts with customers [line items]
Total revenue			9,809	0	0
Health Division
Disclosure of disaggregation of revenue from contracts with customers [line items]
Total revenue			74,800	73,027	65,172
Fuel Division
Disclosure of disaggregation of revenue from contracts with customers [line items]
Total revenue			51,502	39,865	34,313
Logistics and Distribution
Disclosure of disaggregation of revenue from contracts with customers [line items]
Total revenue			65,785	42,603	26,060
Others
Disclosure of disaggregation of revenue from contracts with customers [line items]
Total revenue			17,171	13,324	7,996
Operating segments
Disclosure of disaggregation of revenue from contracts with customers [line items]
Total revenue			695,336	576,505	513,265
Operating segments | Mexico and Central America
Disclosure of disaggregation of revenue from contracts with customers [line items]
Total revenue			468,759	393,569	356,907
Operating segments | United States
Disclosure of disaggregation of revenue from contracts with customers [line items]
Total revenue			49,704	28,077	12,265
Operating segments | South America
Disclosure of disaggregation of revenue from contracts with customers [line items]
Total revenue			167,064	154,859	144,093
Operating segments | Europe
Disclosure of disaggregation of revenue from contracts with customers [line items]
Total revenue			9,809	0	0
Operating segments | Coca-Cola FEMSA
Disclosure of disaggregation of revenue from contracts with customers [line items]
Total revenue			226,740	194,804	183,615
Operating segments | Coca-Cola FEMSA | Mexico and Central America
Disclosure of disaggregation of revenue from contracts with customers [line items]
Total revenue			131,002	115,794	106,783
Operating segments | Coca-Cola FEMSA | United States
Disclosure of disaggregation of revenue from contracts with customers [line items]
Total revenue			0	0	0
Operating segments | Coca-Cola FEMSA | South America
Disclosure of disaggregation of revenue from contracts with customers [line items]
Total revenue			95,738	79,010	76,832
Operating segments | Coca-Cola FEMSA | Europe
Disclosure of disaggregation of revenue from contracts with customers [line items]
Total revenue			0	0	0
Operating segments | Proximity Division - Americas
Disclosure of disaggregation of revenue from contracts with customers [line items]
Total revenue			233,958	198,586	181,277
Operating segments | Proximity Division - Americas | Mexico and Central America
Disclosure of disaggregation of revenue from contracts with customers [line items]
Total revenue			229,331	195,990	179,218
Operating segments | Proximity Division - Americas | United States
Disclosure of disaggregation of revenue from contracts with customers [line items]
Total revenue			17	11	15
Operating segments | Proximity Division - Americas | South America
Disclosure of disaggregation of revenue from contracts with customers [line items]
Total revenue			4,610	2,585	2,044
Operating segments | Proximity Division - Americas | Europe
Disclosure of disaggregation of revenue from contracts with customers [line items]
Total revenue			0	0	0
Operating segments | Proximity Europe
Disclosure of disaggregation of revenue from contracts with customers [line items]
Total revenue			9,809	0	0
Operating segments | Proximity Europe | Mexico and Central America
Disclosure of disaggregation of revenue from contracts with customers [line items]
Total revenue			0	0	0
Operating segments | Proximity Europe | United States
Disclosure of disaggregation of revenue from contracts with customers [line items]
Total revenue			0	0	0
Operating segments | Proximity Europe | South America
Disclosure of disaggregation of revenue from contracts with customers [line items]
Total revenue			0	0	0
Operating segments | Proximity Europe | Europe
Disclosure of disaggregation of revenue from contracts with customers [line items]
Total revenue			9,809	0	0
Operating segments | Health Division
Disclosure of disaggregation of revenue from contracts with customers [line items]
Total revenue			74,800	73,027	65,172
Operating segments | Health Division | Mexico and Central America
Disclosure of disaggregation of revenue from contracts with customers [line items]
Total revenue			21,212	10,814	9,716
Operating segments | Health Division | United States
Disclosure of disaggregation of revenue from contracts with customers [line items]
Total revenue			0	0	0
Operating segments | Health Division | South America
Disclosure of disaggregation of revenue from contracts with customers [line items]
Total revenue			53,588	62,213	55,456
Operating segments | Health Division | Europe
Disclosure of disaggregation of revenue from contracts with customers [line items]
Total revenue			0	0	0
Operating segments | Fuel Division
Disclosure of disaggregation of revenue from contracts with customers [line items]
Total revenue			51,813	39,922	34,322
Operating segments | Fuel Division | Mexico and Central America
Disclosure of disaggregation of revenue from contracts with customers [line items]
Total revenue			51,813	39,922	34,322
Operating segments | Fuel Division | United States
Disclosure of disaggregation of revenue from contracts with customers [line items]
Total revenue			0	0	0
Operating segments | Fuel Division | South America
Disclosure of disaggregation of revenue from contracts with customers [line items]
Total revenue			0	0	0
Operating segments | Fuel Division | Europe
Disclosure of disaggregation of revenue from contracts with customers [line items]
Total revenue			0	0	0
Operating segments | Logistics and Distribution
Disclosure of disaggregation of revenue from contracts with customers [line items]
Total revenue			72,539	48,412	31,568
Operating segments | Logistics and Distribution | Mexico and Central America
Disclosure of disaggregation of revenue from contracts with customers [line items]
Total revenue			13,163	11,789	11,349
Operating segments | Logistics and Distribution | United States
Disclosure of disaggregation of revenue from contracts with customers [line items]
Total revenue			49,351	27,787	11,563
Operating segments | Logistics and Distribution | South America
Disclosure of disaggregation of revenue from contracts with customers [line items]
Total revenue			10,025	8,836	8,656
Operating segments | Logistics and Distribution | Europe
Disclosure of disaggregation of revenue from contracts with customers [line items]
Total revenue			0	0	0
Operating segments | Others
Disclosure of disaggregation of revenue from contracts with customers [line items]
Total revenue			25,677	21,754	17,311
Operating segments | Others | Mexico and Central America
Disclosure of disaggregation of revenue from contracts with customers [line items]
Total revenue			22,238	19,260	15,519
Operating segments | Others | United States
Disclosure of disaggregation of revenue from contracts with customers [line items]
Total revenue			336	279	687
Operating segments | Others | South America
Disclosure of disaggregation of revenue from contracts with customers [line items]
Total revenue			3,103	2,215	1,105
Operating segments | Others | Europe
Disclosure of disaggregation of revenue from contracts with customers [line items]
Total revenue			0	0	0
Operating segments | Goods Offered For Sale
Disclosure of disaggregation of revenue from contracts with customers [line items]
Total revenue			666,703	548,439	487,105
Operating segments | Goods Offered For Sale | Coca-Cola FEMSA
Disclosure of disaggregation of revenue from contracts with customers [line items]
Total revenue			226,740	194,804	183,615
Operating segments | Goods Offered For Sale | Proximity Division - Americas
Disclosure of disaggregation of revenue from contracts with customers [line items]
Total revenue			233,958	198,586	181,277
Operating segments | Goods Offered For Sale | Proximity Europe
Disclosure of disaggregation of revenue from contracts with customers [line items]
Total revenue			9,809	0	0
Operating segments | Goods Offered For Sale | Health Division
Disclosure of disaggregation of revenue from contracts with customers [line items]
Total revenue			74,800	73,027	65,172
Operating segments | Goods Offered For Sale | Fuel Division
Disclosure of disaggregation of revenue from contracts with customers [line items]
Total revenue			51,697	39,585	34,322
Operating segments | Goods Offered For Sale | Logistics and Distribution
Disclosure of disaggregation of revenue from contracts with customers [line items]
Total revenue			49,534	27,623	11,276
Operating segments | Goods Offered For Sale | Others
Disclosure of disaggregation of revenue from contracts with customers [line items]
Total revenue			20,166	14,814	11,443
Material reconciling items
Disclosure of disaggregation of revenue from contracts with customers [line items]
Total revenue			(22,134)	(20,244)	(20,299)
Material reconciling items | Coca-Cola FEMSA
Disclosure of disaggregation of revenue from contracts with customers [line items]
Total revenue			(6,489)	(5,428)	(5,016)
Material reconciling items | Proximity Division - Americas
Disclosure of disaggregation of revenue from contracts with customers [line items]
Total revenue			(74)	(520)	(451)
Material reconciling items | Proximity Europe
Disclosure of disaggregation of revenue from contracts with customers [line items]
Total revenue			0	0	0
Material reconciling items | Health Division
Disclosure of disaggregation of revenue from contracts with customers [line items]
Total revenue			0	0	0
Material reconciling items | Fuel Division
Disclosure of disaggregation of revenue from contracts with customers [line items]
Total revenue			(311)	(57)	(9)
Material reconciling items | Logistics and Distribution
Disclosure of disaggregation of revenue from contracts with customers [line items]
Total revenue			(6,754)	(5,809)	(5,508)
Material reconciling items | Others
Disclosure of disaggregation of revenue from contracts with customers [line items]
Total revenue			(8,506)	(8,430)	(9,315)
Material reconciling items | Services Provided To Customers
Disclosure of disaggregation of revenue from contracts with customers [line items]
Total revenue			28,633	28,066	26,160
Material reconciling items | Services Provided To Customers | Coca-Cola FEMSA
Disclosure of disaggregation of revenue from contracts with customers [line items]
Total revenue			0	0	0
Material reconciling items | Services Provided To Customers | Proximity Division - Americas
Disclosure of disaggregation of revenue from contracts with customers [line items]
Total revenue			0	0	0
Material reconciling items | Services Provided To Customers | Proximity Europe
Disclosure of disaggregation of revenue from contracts with customers [line items]
Total revenue			0	0	0
Material reconciling items | Services Provided To Customers | Health Division
Disclosure of disaggregation of revenue from contracts with customers [line items]
Total revenue			0	0	0
Material reconciling items | Services Provided To Customers | Fuel Division
Disclosure of disaggregation of revenue from contracts with customers [line items]
Total revenue			116	337	0
Material reconciling items | Services Provided To Customers | Logistics and Distribution
Disclosure of disaggregation of revenue from contracts with customers [line items]
Total revenue			23,005	20,789	20,292
Material reconciling items | Services Provided To Customers | Others
Disclosure of disaggregation of revenue from contracts with customers [line items]
Total revenue			$ 5,511	$ 6,940	$ 5,868
[1]Convenience translation to U.S. dollars ($) – See Note 2.2.3

Revenue - Transaction Price (De

Revenue - Transaction Price (Details) $ in Millions	Dec. 31, 2022 MXN ($)
Revenue [abstract]
Transaction price allocated to remaining performance obligations	$ 0

Subsequent Events (Details)

Subsequent Events (Details) € / shares in Units, € in Millions, $ in Millions, $ in Millions				12 Months Ended
	Mar. 31, 2023	Feb. 16, 2023 EUR (€)	Feb. 15, 2023	Dec. 31, 2022 MXN ($)	Dec. 31, 2021 MXN ($)	Mar. 20, 2023 EUR (€)	Mar. 20, 2023 USD ($)	Mar. 09, 2023 EUR (€)	Feb. 24, 2023 EUR (€) € / shares shares
Disclosure of non-adjusting events after reporting period [line items]
Economic ownership percentage				14.80%	14.80%
Borrowings | $				$ 189,879	$ 188,582
Debt Issuance | Heineken Holding N.V.
Disclosure of non-adjusting events after reporting period [line items]
Face amount								€ 2,000
Debt Issuance | Senior Unsecured Exchangeable Bonds
Disclosure of non-adjusting events after reporting period [line items]
Face amount									€ 500
Borrowings, interest rate									2.625%
Exchange price (in euros per share) | € / shares									€ 95.625
Premium (as a percent)									27.50%
Clearing price (in euros per share) | € / shares									€ 75
Initial exchange option (in shares) | shares									5,228,758
Tender Offer | U.S. dollars
Disclosure of non-adjusting events after reporting period [line items]
Borrowings | $							$ 1,090
Tender Offer | Euros
Disclosure of non-adjusting events after reporting period [line items]
Borrowings						€ 666
Tender Offer | 3.500% Senior Notes due 2050 | U.S. dollars
Disclosure of non-adjusting events after reporting period [line items]
Borrowings, interest rate						3.50%	3.50%
Tender Offer | 4.375% Senior Notes due 2043 | U.S. dollars
Disclosure of non-adjusting events after reporting period [line items]
Borrowings, interest rate						4.375%	4.375%
Tender Offer | 0.500% Senior Notes Due 2028 | Euros
Disclosure of non-adjusting events after reporting period [line items]
Borrowings, interest rate						0.50%	0.50%
Tender Offer | 1.000% Senior Notes Due 2023 | Euros
Disclosure of non-adjusting events after reporting period [line items]
Borrowings, interest rate						1%	1%
Major business combination | Net Pay S.A.P.I de C.V.
Disclosure of non-adjusting events after reporting period [line items]
Economic ownership percentage	10,000%
Major business combination | Newco | Heineken Holding N.V.
Disclosure of non-adjusting events after reporting period [line items]
Total investment								€ 2,400
Business acquisition, percentage of voting equity interests acquired								65%
Major business combination | Net Pay S.A.P.I de C.V.
Disclosure of non-adjusting events after reporting period [line items]
Business acquisition, percentage of voting equity interests acquired	85.18%
Heineken Investment | Sale of Investment
Disclosure of non-adjusting events after reporting period [line items]
Proceeds from sales of interests in associates		€ 3,200
Economic ownership percentage		8.13%	14.76%

Uncategorized Items - fmx-20221

Label	Element	Value
BRAZIL
Disclosure of revenue from contracts with customers [text block]	ifrs-full_DisclosureOfRevenueFromContractsWithCustomersExplanatory	28.2 Disaggregation of revenue The information sets below describe the disaggregation of revenue by geographic area, business unit and products and services categories in which the Company operates. The timing in which the revenues are recognized by the business units in the Company, is mainly at the point in the time in which control of goods and services is transferred in its entirety to the customer. Coca-Cola FEMSA Proximity Division - Americas Proximity Division - Europe Health Division Fuel Division Logistics and Distribution Other Segments Total 2022 2021 2020 2022 2021 2020 2022 2021 2020 2022 2021 2020 2022 2021 2020 (Revised) 2022 2021 2020 (Revised) 2022 2021 2020 (Revised) 2022 2021 2020 By geographic areas: Mexico and Central America (1) Ps. 131,002 Ps. 115,794 Ps. 106,783 Ps. 229,331 Ps. 195,990 Ps. 179,218 Ps. — Ps. — Ps. — Ps. 21,212 Ps. 10,814 Ps. 9,716 Ps. 51,813 Ps. 39,922 Ps. 34,322 Ps. 13,163 Ps. 11,789 Ps. 11,349 Ps. 22,238 Ps. 19,260 Ps. 15,519 Ps. 468,759 Ps. 393,569 Ps. 356,907 United States (2) — — — 17 11 15 — — — — — — — — — 49,351 27,787 11,563 336 279 687 49,704 28,077 12,265 South America (3) 95,738 79,010 76,832 4,610 2,585 2,044 — — — 53,588 62,213 55,456 — — — 10,025 8,836 8,656 3,103 2,215 1,105 167,064 154,859 144,093 Europe — — — — — — 9,809 — — — — — — — — — — — — — — 9,809 — — Total revenues 226,740 194,804 183,615 233,958 198,586 181,277 9,809 — — 74,800 73,027 65,172 51,813 39,922 34,322 72,539 48,412 31,568 25,677 21,754 17,311 695,336 576,505 513,265 Consolidation adjustments 6,489 5,428 5,016 74 520 451 — — — — — — 311 57 9 6,754 5,809 5,508 8,506 8,430 9,315 22,134 20,244 20,299 Consolidated revenues 220,251 189,376 178,599 233,884 198,066 180,826 9,809 — — 74,800 73,027 65,172 51,502 39,865 34,313 65,785 42,603 26,060 17,171 13,324 7,996 673,202 556,261 492,966 By products and/or services Products sold in the point-of-sale Ps. 226,740 Ps. 194,804 Ps. 183,615 Ps. 233,958 Ps. 198,586 Ps. 181,277 Ps. 9,809 Ps. — Ps. — Ps. 74,800 Ps. 73,027 Ps. 65,172 Ps. 51,697 Ps. 39,585 Ps. 34,322 Ps. 49,534 Ps. 27,623 Ps. 11,276 Ps. 20,166 Ps. 14,814 Ps. 11,443 Ps. 666,703 Ps. 548,439 Ps. 487,105 Services revenues — — — — — — — — — — — — 116 337 — 23,005 20,789 20,292 5,511 6,940 5,868 28,633 28,066 26,160 Consolidation adjustments 6,489 5,428 5,016 74 520 451 — — — — — — 311 57 9 6,754 5,809 5,508 8,506 8,430 9,315 22,134 20,244 20,299 Consolidated revenues 220,251 189,376 178,599 233,884 198,066 180,826 9,809 — — 74,800 73,027 65,172 51,502 39,865 34,313 65,785 42,603 26,060 17,171 13,324 7,996 673,202 556,261 492,966 (1) Central America includes Guatemala, Nicaragua, Costa Rica and Panama. Domestic (Mexico only) revenues were Ps. 418,807, Ps. 355,920 and Ps. 320,694 during the years ended December 31, 2022, 2021 and 2020, respectively. (2) On May 15, 2020, the Company completed the acquisition of the specialized distribution business of cleaning products and consumables in the United States, through the controlling interest of NW Synergy, which includes WAXIE Sanitary Supply (“WAXIE”) and North American Corporation (“North American”). Additionally, on December 31, 2020, the Company completed the acquisition of Southeastern Paper Group (“SEPG”). During 2022 and 2021 the Company acquired other companies increasing its specialized distribution footprint in the United States. See Note 4. (3) South America includes Brazil, Argentina, Colombia, Chile, Uruguay and Ecuador. South America revenues include Brazilian revenues of Ps. 70,737, Ps. 59,973 and Ps. 62,758 during the years ended December 31, 2022, 2021 and 2020, respectively. South America revenues include Colombia’s revenues of Ps. 45,733, Ps. 17,548 and Ps. 14,800 during the years ended December 31, 2022, 2021 and 2020, respectively. South America revenues include Argentina’s revenues of Ps. 11,034, Ps. 8,546 and Ps. 5,531 during the years ended December 31, 2022, 2021 and 2020, respectively. South America revenues include Chile’s revenues of Ps. 35,423, Ps. 54,709 and Ps. 47,208 during the years ended December 31, 2022, 2021 and 2020, respectively. South America revenues include Uruguay’s revenues of Ps. 3,886, Ps. 3,371 and Ps. 3,124 during the years ended December 31, 2022, 2021 and 2020, respectively. South America revenues include Ecuador’s revenue of Ps. 9,791, Ps. 9,079 and Ps. 9,467 during the year ended in December 31, 2022, 2021 and 2020, respectively.
Disclosure of disaggregation of revenue from contracts with customers [text block]	ifrs-full_DisclosureOfDisaggregationOfRevenueFromContractsWithCustomersExplanatory	The information sets below describe the disaggregation of revenue by geographic area, business unit and products and services categories in which the Company operates. The timing in which the revenues are recognized by the business units in the Company, is mainly at the point in the time in which control of goods and services is transferred in its entirety to the customer. Coca-Cola FEMSA Proximity Division - Americas Proximity Division - Europe Health Division Fuel Division Logistics and Distribution Other Segments Total 2022 2021 2020 2022 2021 2020 2022 2021 2020 2022 2021 2020 2022 2021 2020 (Revised) 2022 2021 2020 (Revised) 2022 2021 2020 (Revised) 2022 2021 2020 By geographic areas: Mexico and Central America (1) Ps. 131,002 Ps. 115,794 Ps. 106,783 Ps. 229,331 Ps. 195,990 Ps. 179,218 Ps. — Ps. — Ps. — Ps. 21,212 Ps. 10,814 Ps. 9,716 Ps. 51,813 Ps. 39,922 Ps. 34,322 Ps. 13,163 Ps. 11,789 Ps. 11,349 Ps. 22,238 Ps. 19,260 Ps. 15,519 Ps. 468,759 Ps. 393,569 Ps. 356,907 United States (2) — — — 17 11 15 — — — — — — — — — 49,351 27,787 11,563 336 279 687 49,704 28,077 12,265 South America (3) 95,738 79,010 76,832 4,610 2,585 2,044 — — — 53,588 62,213 55,456 — — — 10,025 8,836 8,656 3,103 2,215 1,105 167,064 154,859 144,093 Europe — — — — — — 9,809 — — — — — — — — — — — — — — 9,809 — — Total revenues 226,740 194,804 183,615 233,958 198,586 181,277 9,809 — — 74,800 73,027 65,172 51,813 39,922 34,322 72,539 48,412 31,568 25,677 21,754 17,311 695,336 576,505 513,265 Consolidation adjustments 6,489 5,428 5,016 74 520 451 — — — — — — 311 57 9 6,754 5,809 5,508 8,506 8,430 9,315 22,134 20,244 20,299 Consolidated revenues 220,251 189,376 178,599 233,884 198,066 180,826 9,809 — — 74,800 73,027 65,172 51,502 39,865 34,313 65,785 42,603 26,060 17,171 13,324 7,996 673,202 556,261 492,966 By products and/or services Products sold in the point-of-sale Ps. 226,740 Ps. 194,804 Ps. 183,615 Ps. 233,958 Ps. 198,586 Ps. 181,277 Ps. 9,809 Ps. — Ps. — Ps. 74,800 Ps. 73,027 Ps. 65,172 Ps. 51,697 Ps. 39,585 Ps. 34,322 Ps. 49,534 Ps. 27,623 Ps. 11,276 Ps. 20,166 Ps. 14,814 Ps. 11,443 Ps. 666,703 Ps. 548,439 Ps. 487,105 Services revenues — — — — — — — — — — — — 116 337 — 23,005 20,789 20,292 5,511 6,940 5,868 28,633 28,066 26,160 Consolidation adjustments 6,489 5,428 5,016 74 520 451 — — — — — — 311 57 9 6,754 5,809 5,508 8,506 8,430 9,315 22,134 20,244 20,299 Consolidated revenues 220,251 189,376 178,599 233,884 198,066 180,826 9,809 — — 74,800 73,027 65,172 51,502 39,865 34,313 65,785 42,603 26,060 17,171 13,324 7,996 673,202 556,261 492,966 (1) Central America includes Guatemala, Nicaragua, Costa Rica and Panama. Domestic (Mexico only) revenues were Ps. 418,807, Ps. 355,920 and Ps. 320,694 during the years ended December 31, 2022, 2021 and 2020, respectively. (2) On May 15, 2020, the Company completed the acquisition of the specialized distribution business of cleaning products and consumables in the United States, through the controlling interest of NW Synergy, which includes WAXIE Sanitary Supply (“WAXIE”) and North American Corporation (“North American”). Additionally, on December 31, 2020, the Company completed the acquisition of Southeastern Paper Group (“SEPG”). During 2022 and 2021 the Company acquired other companies increasing its specialized distribution footprint in the United States. See Note 4. (3) South America includes Brazil, Argentina, Colombia, Chile, Uruguay and Ecuador. South America revenues include Brazilian revenues of Ps. 70,737, Ps. 59,973 and Ps. 62,758 during the years ended December 31, 2022, 2021 and 2020, respectively. South America revenues include Colombia’s revenues of Ps. 45,733, Ps. 17,548 and Ps. 14,800 during the years ended December 31, 2022, 2021 and 2020, respectively. South America revenues include Argentina’s revenues of Ps. 11,034, Ps. 8,546 and Ps. 5,531 during the years ended December 31, 2022, 2021 and 2020, respectively. South America revenues include Chile’s revenues of Ps. 35,423, Ps. 54,709 and Ps. 47,208 during the years ended December 31, 2022, 2021 and 2020, respectively. South America revenues include Uruguay’s revenues of Ps. 3,886, Ps. 3,371 and Ps. 3,124 during the years ended December 31, 2022, 2021 and 2020, respectively. South America revenues include Ecuador’s revenue of Ps. 9,791, Ps. 9,079 and Ps. 9,467 during the year ended in December 31, 2022, 2021 and 2020, respectively.