Fomento Económico Mexicano, S.A.B. de C.V. (FMX) 20-F 23 Apr 24 2023 FY Annual report (foreign) Financial data

Cover Page

Cover Page - shares	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Document Information [Line Items]
Document Type	20-F
Document Annual Report	true
Document Period End Date	Dec. 31, 2023
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 Financial Statement Error Correction [Flag]	false
Document Accounting Standard	International Financial Reporting Standards
Entity Shell Company	false
Entity Central Index Key	0001061736
Document Fiscal Year Focus	2023
Document Fiscal Period Focus	FY
Amendment Flag	false
Document Transition Report	false
Document Registration Statement	false
Document Shell Company Report	false
Auditor Firm ID	1284	1243
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
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
Document Information [Line Items]
Title of 12(b) Security	American Depositary Shares
Trading Symbol	FMX
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	2,160,796,470
“B” Units
Document Information [Line Items]
Entity Common Stock, Shares Outstanding	1,417,048,500

Audit Information

Audit Information	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Auditor Information [Abstract]
Auditor Name	Ernst & Young Global Limited	Deloitte Accountants B.V.
Auditor Location	San Pedro Garza Garcia, Mexico	Amsterdam, the Netherlands
Auditor Firm ID	1284	1243

Material Accounting Policies -

Material Accounting Policies - Acquisitions of non-controlling interests( Details) $ in Millions	Dec. 31, 2023 MXN ($)
Material Accounting Policies [Abstract]
Goodwill arising on acquisition	$ 0

Material Accounting Policies _2

Material Accounting Policies - Cash and cash equivalents and restricted cash (Details) - MXN ($) $ in Millions	Dec. 31, 2023	Dec. 31, 2022
Material Accounting Policies [Abstract]
Short-term deposits, classified as cash equivalents	$ 2,315	$ 1,466

Consolidated Statements of Fina

Consolidated Statements of Financial Position $ in Millions, $ in Millions	Dec. 31, 2023 USD ($)		Dec. 31, 2023 MXN ($)	Dec. 31, 2022 MXN ($)
Current assets [abstract]
Cash and cash equivalents	$ 9,770	[1]	$ 165,112	$ 83,439
Investments	1,582	[2]	26,728	51
Trade receivables, net	2,300	[2]	38,863	45,527
Inventories	3,445	[2]	58,222	62,224
Recoverable taxes	1,227	[2]	20,738	19,361
Other current financial assets	998	[2]	16,860	11,369
Other current assets	226	[2]	3,817	4,478
Current assets held for sale	1,528	[2]	25,819	0
Total current assets	21,076	[2]	356,159	226,449
NON CURRENT ASSETS
Equity method accounted investees	1,553	[2]	26,247	103,669
Property, plant and equipment, net	8,375	[2]	141,530	134,001
Right-of-use assets	5,204	[2]	87,941	83,966
Intangible assets, net	8,475	[2]	143,218	190,772
Deferred tax assets	1,633	[2]	27,598	26,890
Other non-current financial assets	868	[2]	14,667	23,810
Other non-current assets, net	503	[2]	8,496	9,258
Total non-current assets	26,611	[2]	449,697	572,366
TOTAL ASSETS	47,687	[2]	805,856	798,815
CURRENT LIABILITIES
Bank loans and notes payable	145	[2]	2,453	1,862
Current portion of non-current debt	355	[2]	5,998	16,479
Lease liabilities	724	[2]	12,236	12,095
Interest payable	99	[2]	1,677	2,075
Trade payable	4,824	[2]	81,518	78,400
Accounts payable	1,584	[2]	26,772	31,842
Income tax payable	572	[2]	9,666	5,419
Other current financial liabilities	1,804	[2]	30,492	28,750
Current liabilities held for sale	685	[2]	11,569	0
Total current liabilities	10,792	[2]	182,381	176,922
NON-CURRENT LIABILITIES
Bank loans and notes payable	7,596	[2]	128,373	173,400
Non-current portion lease liabilities	4,961	[2]	83,837	81,222
Employee benefits	409	[2]	6,920	7,048
Deferred tax liabilities	436	[2]	7,371	6,823
Other non-current financial liabilities	572	[2]	9,665	6,618
Provisions	256	[2]	4,323	4,685
Other non-current liabilities	273	[2]	4,617	4,296
Total non-current liabilities	14,503	[2]	245,106	284,092
TOTAL LIABILITIES	25,295	[2]	427,487	461,014
EQUITY
Capital stock	198	[2]	3,348	3,347
Additional paid-in capital	1,041	[2]	17,599	17,714
Retained earnings	18,027	[2]	304,653	251,192
Other comprehensive income (loss)	(1,283)	[2]	(21,740)	(9,649)
Equity attributable to equity holders of the parent	17,983	[2]	303,860	262,604
Non-controlling interest	4,409	[2]	74,509	75,197
TOTAL EQUITY	22,392	[2]	378,369	337,801
TOTAL LIABILITIES AND EQUITY	$ 47,687	[2]	$ 805,856	$ 798,815
[1] Convenience translation to U.S. dollars ($) – See Note 2.2.3 Convenience translation to U.S. dollars ($) – See Note 2.2.3

Consolidated Income Statements

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

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income (Loss) $ in Millions, $ in Millions	12 Months Ended
	Dec. 31, 2023 USD ($)		Dec. 31, 2023 MXN ($)	Dec. 31, 2022 MXN ($)	Dec. 31, 2021 MXN ($)
Statement of comprehensive income [abstract]
CONSOLIDATED NET INCOME	$ 4,536	[1]	$ 76,677	$ 34,743	$ 37,678
Items that will be reclassified to consolidated net income in subsequent periods, net of income tax:
Valuation of the effective portion of derivative financial instruments	(55)	[2]	(928)	(2,240)	2,541
(Loss) income on hedge of net investments in foreign operations	(305)	[2]	(5,153)	3,677	350
Exchange differences loss on the translation of foreign operations and equity method accounted investees	(1,064)	[2]	(17,986)	(17,430)	(8,307)
Share of other comprehensive income of equity method accounted investees	361	[2]	6,097	2,369	2,925
Total items that will be reclassified to consolidated net income in subsequent periods, net of income tax	(1,063)	[2]	(17,970)	(13,624)	(2,491)
Items that will not to be reclassified to consolidated net income in subsequent periods, net of income tax:
Gain (loss) due to changes in the fair value in equity financial instruments	80	[2]	1,356	(2,236)	5,165
Share of other comprehensive income of equity method accounted investees	53	[2]	897	267	590
Remeasurements of the Net Defined Benefit Liability	9	[2]	160	661	296
Total items that will not be reclassified to consolidated net income in subsequent periods, net of income tax	142	[2]	2,413	(1,308)	6,051
Other comprehensive (loss) income, net of income tax	(921)	[2]	(15,557)	(14,932)	3,560
Total other comprehensive income (loss)	3,615	[2]	61,120	19,811	41,238
Equity holders of the parent	3,170	[2]	53,598	11,175	32,423
Non-controlling interest	$ 445	[2]	$ 7,522	$ 8,636	$ 8,815
[1] Convenience translation to U.S. dollars ($) – See Note 2.2.3 Convenience translation to U.S. dollars ($) – See Note 2.2.3

Consolidated Statements of Chan

Consolidated Statements of Changes in Equity $ in Millions, $ in Millions	Equity attributable to equity holders of the parent MXN ($)	Capital Stock MXN ($)	Additional paid-in capital MXN ($)	Retained earnings MXN ($)	Fair value in equity financial instrument MXN ($)	Valuation of the effective portion of derivative financial instrument MXN ($)	Exchange differences on the translation of foreign operations and equity accounted investees MXN ($)	Remeasurements of the net defined benefit liability MXN ($)	Non-controlling interest MXN ($)	USD ($)		MXN ($)
Beginning Balance at Dec. 31, 2020	$ 237,743	$ 3,348	$ 17,808	$ 217,430	$ (4,482)	$ 2,667	$ 4,162	$ (3,190)	$ 69,444			$ 307,187
Consolidated net income from continued operations	28,495			28,495					9,183			37,678
Other comprehensive income (loss), net	3,928				5,165	1,563	(3,722)	922	(368)			3,560
Total other comprehensive income (loss)	32,423			28,495	5,165	1,563	(3,722)	922	8,815			41,238
Dividends declared and paid	(7,687)			(7,687)					(5,729)			(13,416)
Issuance of share-based compensation plans	54		54						(14)			40
Contribution from non-controlling interest									0
Other movements in equity method accounted investees, net of income tax	68			68								68
Ending Balance at Dec. 31, 2021	262,601	3,348	17,862	238,306	683	4,230	440	(2,268)	72,516			335,117
Consolidated net income from continued operations	23,909			23,909					10,834			34,743
Other comprehensive income (loss), net	(12,734)				(2,236)	(1,709)	(9,545)	756	(2,198)			(14,932)
Total other comprehensive income (loss)	11,175			23,909	(2,236)	(1,709)	(9,545)	756	8,636			19,811
Dividends declared and paid	(11,358)			(11,358)					(6,176)			(17,534)
Issuance of share-based compensation plans	146	(1)	147						(57)			89
Disposal of businesses	(295)		(295)						(74)			(369)
Contribution from non-controlling interest									352			352
Other movements in equity method accounted investees, net of income tax	335			335								335
Ending Balance at Dec. 31, 2022	262,604	3,347	17,714	251,192	(1,553)	2,521	(9,105)	(1,512)	75,197			337,801
Consolidated net income from continued operations	65,689			65,689					10,988	$ 4,536	[1]	76,677
Sale of Heineken investment	3,981					(738)	3,472	1,247				3,981
Other comprehensive income (loss), net	(16,072)				1,357	(490)	(16,662)	(277)	(3,466)			(19,538)
Total other comprehensive income (loss)	53,598			65,689	1,357	(1,228)	(13,190)	970	7,522	3,615	[2]	61,120
Dividends declared and paid	(12,247)			(12,247)					(6,551)			(18,798)
Issuance of share-based compensation plans	(114)	1	(115)						22			(92)
Disposal of businesses	0		0						(1,681)			(1,681)
Contribution from non-controlling interest									0
Other movements in equity method accounted investees, net of income tax	19			19								19
Ending Balance at Dec. 31, 2023	$ 303,860	$ 3,348	$ 17,599	$ 304,653	$ (196)	$ 1,293	$ (22,295)	$ (542)	$ 74,509	$ 22,392	[3]	$ 378,369
[1] Convenience translation to U.S. dollars ($) – See Note 2.2.3 Convenience translation to U.S. dollars ($) – See Note 2.2.3 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, 2023 USD ($)	[1]	Dec. 31, 2023 MXN ($)	Dec. 31, 2022 MXN ($)	Dec. 31, 2021 MXN ($)
OPERATING ACTIVITIES
Net income from discontinued operations	$ 1,908		$ 32,238	$ 1,423	$ 8,264
Income before income taxes from continuing operations	3,397		57,410	47,715	43,692
Loss before income taxes of discontinued operations	5,305		89,648	49,138	51,956
Non-cash items adjustments:
Operating non-cash expenses (income)	(63)		(1,063)	3,075	(1,884)
Non-cash movements in post-employment and other non-current employee benefits obligations	54		910	0	0
Allowance of expected credit losses	81		1,367	0	0
Depreciation	1,887		31,896	27,831	25,293
Amortization of intangible assets	126		2,121	2,696	2,694
Gain on sale of long-lived assets and investment in equity instruments	(425)		(7,185)	(308)	(1,176)
Gain on sale of shares in Heineken	(1,957)		(33,070)	0	0
Dividends received	(196)		(3,311)	0	0
Disposal of long-lived assets	28		466	416	579
Impairment of long-lived assets	74		1,248	833	1,427
Share of the loss (profit) of equity method accounted investees, net of income taxes	24		406	(7,458)	(10,765)
Interest income	(1,042)		(17,609)	(3,842)	(1,464)
Interest expense	883		14,916	16,314	16,938
Foreign exchange loss (gain), net	583		9,849	3,729	(1,314)
(Gain) on monetary position for subsidiaries in hyperinflationary economies	(6)		(94)	(527)	(738)
Market value loss (gain) on financial instruments	26		440	706	(38)
Net cash flows from operating activities before changes in operating accounts	5,382		90,935	92,603	81,508
Trade accounts receivable and other current assets	(717)		(12,125)	(5,685)	(4,278)
Other current financial assets	47		799	(457)	(743)
Inventories	(381)		(6,442)	(6,860)	(6,623)
Derivative financial instruments	0		0	5	(69)
Trade accounts payable and other accounts	661		11,177	12,006	17,075
Other non-current liabilities	39		659	471	(290)
Other current financial liabilities	234		3,959	2,291	348
Employee benefits paid	(63)		(1,070)	(691)	(807)
Cash flows from (used in) operations	5,202		87,892	93,683	86,121
Income taxes paid	(1,746)		(29,507)	(18,304)	(12,976)
Net cash used in operating activities from discontinuing operations	(515)		(8,706)	(2,803)	(55)
Net cash generated by operating activities	2,941		49,679	72,576	73,090
INVESTING ACTIVITIES
Investment in equity method accounted investees	(71)		(1,202)	(542)	(662)
Other equity investments	0		0	1,593	0
Proceeds from the sale of shares	7,883		133,222	0	0
Purchases of cash investments	(1,581)		(26,725)	0	(23,504)
Proceeds from maturities of cash investments	0		0	21,830	0
Interest received	525		8,871	3,639	1,739
Derivative financial instruments	(12)		(199)	(560)	213
Dividends received from equity method accounted investees and other investees	204		3,449	2,602	5,039
Property, plant and equipment acquisitions	(2,060)		(34,814)	(29,354)	(17,572)
Proceeds from disposal of property, plant and equipment	51		857	462	1,436
Acquisition of intangible assets	(196)		(3,306)	(2,118)	(1,912)
Proceeds from the sale of long-lived assets	0		0	0	976
Investment in other assets	(44)		(737)	(1,499)	(998)
Collections of other assets	46		775	181	213
Other non-current assets	(92)		(1,550)	(1,500)	(420)
Net cash generated (used in) investing activities by discontinuing operations	1,505		25,426	(16,984)	(10,723)
Net cash generated (used in) investing activities	7,828		132,292	(46,432)	(46,175)
FINANCING ACTIVITIES
Proceeds from bank loans and notes payable	665		11,238	15,855	39,888
Payments of bank loans and notes payable	(2,569)		(43,421)	(9,882)	(38,742)
Interest paid	(626)		(10,587)	(8,259)	(9,399)
Derivative financial instruments	348		5,882	103	(3,245)
Dividends paid	(1,112)		(18,798)	(17,506)	(13,399)
Contributions from non-controlling interest	0		0	5	0
Acquisition of non-controlling interest	0		0	(266)	0
Interest paid on leases liabilities	(398)		(6,718)	(5,376)	(4,846)
Payments of leases	(559)		(9,453)	(7,915)	(6,131)
Other financing activities	2		32	(1,430)	296
Cash flows from (used in) financing activities, discontinued operations	(1,226)		(20,727)	(1,227)	(1,411)
Net cash used in financing activities	(5,475)		(92,552)	(35,898)	(36,989)
Increase in cash and cash equivalents	5,293		89,419	(9,754)	(10,074)
Cash and cash equivalents at the beginning of the period	4,937		83,439	97,407	107,624
Effects of exchange rate changes and inflation effects on cash and cash equivalents held in foreign currencies	(460)		(7,746)	(4,214)	(143)
Cash and cash equivalents at the end of the period	9,770		165,112	83,439	97,407
Jetro Restaurant Depot
INVESTING ACTIVITIES
Proceeds from sales of interests in associates	471		7,967	0	0
Envoy Solutions
INVESTING ACTIVITIES
Proceeds from sales of interests in associates	1,448		24,468	0	0
Coca-Cola FEMSA
INVESTING ACTIVITIES
Other acquisitions, net of cash acquired (see Note 4)	0		0	(2,356)	0
Proximity Americas Division
INVESTING ACTIVITIES
Other acquisitions, net of cash acquired (see Note 4)	(224)		(3,786)	(1,263)	0
Valora
OPERATING ACTIVITIES
Loss before income taxes of discontinued operations				229
INVESTING ACTIVITIES
Other acquisitions, net of cash acquired (see Note 4)	(25)		(424)	(20,504)	0
Other acquisitions
INVESTING ACTIVITIES
Other acquisitions, net of cash acquired (see Note 4)	$ 0		$ 0	$ (59)	$ 0
[1] Convenience translation to U.S. dollars ($) – See Note 2.2.3

Company Business

Company Business	12 Months Ended
	Dec. 31, 2023
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 under the laws of Mexico on May 30, 1936 for a duration of 99 years. The duration can be extended indefinitely by resolution of the shareholders of the Company. FEMSA is a public company established as a Sociedad anónima bursátil de capital variable under the Mexican laws that owns 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; and transport logistic services industry. The Company's principal headquarters are located at General Anaya No. 601 Pte., Colonia Bella Vista, Monterrey, Nuevo León 64410, Mexico. The Company's telephone number at this location is (+52-81) 8328-6000. The following is a description of the Company’s businesses, along with its interest ownership in each reportable segment: % Ownership Business 2023 2022 Activities Coca-Cola FEMSA, S.A.B. de C.V. and subsidiaries (“Coca-Cola FEMSA”) 47.2% 47.2% 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, 2023, 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 Americas Division 100% 100% Small-box retail chain format operations in Mexico, Colombia, Peru, Chile and Brazil, mainly under the trade name “OXXO.” Proximity Europe Division (2) 100% 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. 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.” Heineken investment (3) 0.9% 14.8% Heineken N.V. and Heineken Holding N.V. shares, which represented an aggregate of 14.8% economic interest in both entities (“Heineken Group”). Other businesses (1) 100% Various Production and distribution companies of coolers, commercial refrigeration equipment, plastic boxes, food processing, preservation and weighing equipment. 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. (1) In 2023 the Company finalized the merger of Envoy Solutions, LLC with BradyIFS, retaining an economic interest of 37% in IFS TopCo. See Note 10. (2) As described in Note 4, on 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. As of December 31, 2023, the Company own 100% of Valora Holding AG. (3) During 2023, the Company sold its investment in Heineken Group. See Note 10.

Basis of Preparation

Basis of Preparation	12 Months Ended
	Dec. 31, 2023
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, 2023 and 2022 and for the years ended December 31, 2023, 2022 and 2021 have been prepared in accordance with International Financial Reporting Standards (“IFRS”) as issued by the International Accounting Standards Board (“IASB”). These consolidated financial statements and its accompanying notes were approved by the Company’s shareholders at the shareholder meeting on March 22, 2024, and were authorized for issuance to the Mexican Stock Exchange by the Company’s Board of Directors on the same date. 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 23, 2024 and subsequent events have been considered through that date (see Note 30). 2.2 Basis of measurement and presentation 2.2.1 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. • Assets and liabilities held for sale. See Note 3.17. 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 in a hyperinflationary economy are stated in terms of the measuring unit at the end of the reporting period. 2.2.2 Presentation of the consolidated income statements The Company’s consolidated income statements classifies its costs and expenses by function according to the industry practices in which the Company operates. 2.2.3 Presentation of consolidated statements of cash flows The Company’s consolidated statement of cash flows is presented using the indirect method. 2.2.4 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, 2023, the consolidated income statement, the consolidated statement of comprehensive income and consolidated statement of cash flows for the year ended December 31, 2023 were converted into U.S. dollars at the closing exchange rate of Ps. 16.8998 Mexican pesos per U.S. dollar as published by the Federal Reserve Bank of New York as of December 31, 2023. 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 22, 2024 the exchange rate was Ps. 17.2062 per U.S. dollar, a depreciation of 1.8% since December 31, 2023. 2.3 Critical accounting judgments and estimates For the application of the Company’s accounting policies, which are 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. 2.3.1 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. 2.3.1.1 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. 2.3.1.2 Equity method accounted investees Associates 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 able 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. 2.3.1.3 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). 2.3.2 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. 2.3.2.1 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 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. 2.3.2.2 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. 2.3.2.3 Fair value measurements 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 is made for each investment. Equity instruments are subsequently measured at fair value. Dividends are recognized as other income in the consolidated income statement 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. For 2023 the Company determined the fair value less cost to sell of the assets and liabilities held for sale related to its Strategic Businesses (see Note 3.17 and Note 4). In the initial recognition of the Company's investment in IFS Top Co, the fair value of the initial investment was determined through a valuation using the estimated discounted cash flows of the share of the retained investment. 2.3.2.4 Business combinations Businesses combinations are accounted for using the acquisition method. The cost of an acquisition is measured as the aggregate of the consideration transferred, 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 is 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 lives of acquired intangible assets with definite lives, mainly, customer relationships. 2.4 Application of recently issued accounting standards The Company has applied the following amendments to IFRS during 2023. None of the amendments had a significant impact on the Company’s consolidated financial statements: 2.4.1 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. 2.4.2 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. 2.4.3 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. 2.5 Reclassifications by consistent presentation in consolidated financial statements The Company has made certain reclassifications to financial information presented as of December 31, 2022 in the consolidated statement of financial position, to provide a consistent presentation of the financial information as of December 31, 2023. A summary of reclassifications made is disclosed below. The Company retrospectively adjusted the presentation of Taxes payable, Provisions and other non-current liabilities in the balances as of December 31, 2022. In accordance with IAS 1 Presentation of Financial Statements : 1) The income tax payable was presented together with Other taxes payable; and 2) Provisions were presented together with Other non-current liabilities in the consolidated financial statements as of December 31, 2022. This change had no impact on current and non-current liabilities initially reported. Balance as at December 31, 2022 (as initially reported) Effects of reclassification Balance as at December 31, 2022 (adjusted) CURRENT LIABILITIES Taxes payable 16,694 (16,694) — Income tax payable — 5,419 5,419 Other current financial liabilities 17,475 11,275 28,750 NON-CURRENT LIABILITIES Provisions and other non-current liabilities 8,981 (8,981) — Provisions — 4,685 4,685 Other non-current liabilities — 4,296 4,296

Material Accounting Policies

Material Accounting Policies	12 Months Ended
	Dec. 31, 2023
Material Accounting Policies [Abstract]
Material Accounting Policies	Material 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 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’s 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 consolidated net income. Indemnification assets are recognized at the acquisition date on the same basis as the indemnified liability subject to any contractual limitations. 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 OCI is recognized on the same basis as required if the Company had disposed directly of the previously held equity interest, see Note 3.14. 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 re-measured. 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 OCI, which is recorded in equity as part of cumulative translation adjustment within the accumulated other comprehensive income; 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 consolidated income statements 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 consolidated income statements. 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 statements 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 consolidated income statements 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 2023 2022 2021 2023 2022 Guatemala Quetzal 2.27 2.60 2.62 2.16 2.47 Costa Rica Colon 0.03 0.03 0.03 0.03 0.03 Panama U.S. dollar 17.77 20.13 20.28 16.89 19.36 Colombia Colombian peso 0.004 0.01 0.01 0.01 0.01 Nicaragua Cordoba 0.49 0.56 0.58 0.46 0.53 Argentina Argentine peso 0.07 0.16 0.21 0.02 0.11 Brazil Reais 3.56 3.90 3.76 3.49 3.71 Chile Chilean peso 0.02 0.02 0.03 0.02 0.02 Euro Zone Euro (€) 19.19 21.17 24.00 18.76 20.65 Peru Nuevo Sol 4.74 5.24 5.22 4.55 5.07 Ecuador U.S. dollar 17.77 20.13 20.28 16.89 19.36 United States U.S. dollar 17.77 20.13 20.28 16.89 19.36 Uruguay Uruguayan peso 0.46 0.49 0.47 0.43 0.48 Switzerland Swiss franc 19.77 — — 20.11 — (1) Exchange rates published by the Central Bank of each country where the Company operates, except for Panama and Ecuador. 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 income statements in the caption "Gain on monetary position for subsidiaries in hyperinflationary economies". The Company restates the financial information of the Argentine subsidiary that operates in a hyperinflationary economic environment using the consumer price index (“CPI”) of the country. As of December 31, 2023, 2022, and 2021, the operations of the Company are classified as follows: Cumulative Inflation 2020 - 2022 Country Cumulative Inflation 2021 - 2023 Type of Economy Type of Economy Cumulative Inflation 2019 - 2021 Type of Economy Mexico 21.1 % Non-hyperinflationary 19.4 % Non-hyperinflationary 13.9 % Non-hyperinflationary Guatemala 17.3 % Non-hyperinflationary 18.0 % Non-hyperinflationary 11.7 % Non-hyperinflationary Costa Rica 9.5 % Non-hyperinflationary 12.4 % Non-hyperinflationary 5.8 % Non-hyperinflationary Panama 6.7 % Non-hyperinflationary 3.1 % Non-hyperinflationary 0.9 % Non-hyperinflationary Colombia 30.6 % Non-hyperinflationary 21.4 % Non-hyperinflationary 11.4 % Non-hyperinflationary Nicaragua 26.3 % Non-hyperinflationary 23.1 % Non-hyperinflationary 17.1 % Non-hyperinflationary Argentina (a) 815.6 % Hyperinflationary 300.3 % Hyperinflationary 216.1 % Hyperinflationary Brazil 21.8 % Non-hyperinflationary 21.7 % Non-hyperinflationary 20.0 % Non-hyperinflationary Euro Zone 18.0 % Non-hyperinflationary 14.6 % Non-hyperinflationary 5.8 % Non-hyperinflationary Chile 25.6 % Non-hyperinflationary 20.9 % Non-hyperinflationary 13.7 % Non-hyperinflationary Peru 19.2 % Non-hyperinflationary 15.4 % Non-hyperinflationary 10.6 % Non-hyperinflationary Ecuador 7.2 % Non-hyperinflationary 5.8 % Non-hyperinflationary 22.8 % Non-hyperinflationary United States 17.8 % Non-hyperinflationary 13.8 % Non-hyperinflationary 11.0 % Non-hyperinflationary Uruguay 22.9 % Non-hyperinflationary 27.9 % Non-hyperinflationary 28.5 % Non-hyperinflationary Germany 24.1 % Non-hyperinflationary — % Non-hyperinflationary — % Non-hyperinflationary Netherlands 19.1 % Non-hyperinflationary — % Non-hyperinflationary — % Non-hyperinflationary Austria 21.3 % Non-hyperinflationary — % Non-hyperinflationary — % Non-hyperinflationary Luxembourg 17.3 % Non-hyperinflationary — % Non-hyperinflationary — % Non-hyperinflationary Switzerland 6.2 % Non-hyperinflationary — % Non-hyperinflationary — % 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 indices 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 FACPCE (Federación Argentina de Consejos Profesionales de Ciencias Económicas) 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 (Based on a series that applies the Consumer Price Index (“CPI”) from January 2017 with the Wholesale Domestic Price Index ("WDPI") 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. All credit card, debit card and electronic transfer transactions that process in less than 1.5 days are classified as cash and cash equivalents. The amount due from banks for these transactions classified as cash and cash equivalents amounts to Ps. 2,315 and Ps. 1,466 as of December 31, 2023 and 2022, respectively. 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 (Note 9.2). 3.6 Investments The investments include debt securities and bank deposits with a maturity of more than three months but less than twelve 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 Note 6. 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 designated as hedging instruments in 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 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. 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. Financial assets are classified, at initial recognition, 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 any impairment losses. The exchange fluctuation and impairment are recognized in the consolidated income statement. 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 interest income calculated using the internal rate of return (“IRR”), the exchange fluctuation and any 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 consolidated statements of financial position with changes in fair value presented as interest expense (net negative changes in fair value) or interest income (net positive changes in fair value) in the consolidated income statements, 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; • Prepayment and extension features; and • Characteristics that limit the Company's right to obtain cash flows. 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 at 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 the prepayment 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 and contractual assets 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 and contractual assets, together or separately. The Company measures impairment losses at an amount equal to ECL for the lifetime, 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’s 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 contract, 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 a 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 recognizes 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

Business Combinations and Dispo

Business Combinations and Disposals	12 Months Ended
	Dec. 31, 2023
Business Combinations and Disposals [Abstract]
Business Combinations and Disposals	Business Combinations and Disposals 4.1 Business Combinations The Company consummated certain business acquisitions during 2023, 2022 and 2021, which were recorded using the acquisition method of accounting. The results and cash flows 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 statement, the consolidated statements of financial position and the consolidated statements of cash flows in the year of such acquisitions are not comparable with previous periods. The consolidated statements of cash flows show the cash outflow 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 Proximity Division - Europe During October 2022, the Company (through Proximity Europe Division) completed the acquisition of 96.87% of Valora Holding AG. (herein “Valora”), for Ps. 22,475 in all-cash consideration, looking to develop the convenience and food service market in Europe, the remaining economic interest of 3.13% was acquired during February 2023 for Ps. 673 in all-cash consideration. The acquisition costs amounted to Ps. 252. The final allocation of the purchase price to the fair value of the net assets acquired is as follows: 2022 Other current assets, including cash acquired of Ps. 1,971 Ps. 2,988 Clients 2,581 Inventories 2,967 Right of use assets 21,299 Trademark rights 8,699 Franchise contracts 447 Other non-current assets 7,581 Total assets 46,562 Deferred tax liability (1,325) Other liabilities (35,055) Net assets acquired 10,182 Goodwill arising on acquisition 12,966 Total consideration transferred 23,148 Cash acquired (1,971) Net cash paid 21,177 (1) In 2022 the PPA was pending finalization, as the allocation of the value in the assets was still in process, As a result of the purchase price allocation which was finalized in 2023, additional fair value adjustments were recognized in 2023 as follows: an increase in the fair value of total assets of Ps. 10,482 (from which Ps. 7,617 are trademark rights as indefinite life intangible assets, Ps. 447 are franchise contracts, Ps. 2,743 are right of use asset and Ps. 325 are other non-current assets), a related deferred tax liability for Ps. 1,887 and a decrease in goodwill of Ps. 7,395. Trademark rights and goodwill both included in the same financial statement caption, indefinite life intangibles. The Company did not retrospectively adjust the provisional amounts recognized in the statement of financial position and the income statement (amortization for definite life intangibles) at the acquisition date given the amounts recognized in the current period are insignificant. The Company expects to recover the amounts 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, Income Statement 2022 Total revenues Ps. 10,064 Income before income taxes 229 Net loss Ps. (72) 4.1.2 Envoy Solutions LLC In 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. 7,385 in all-cash consideration. The final 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. 5 Ps. 132 Accounts receivable 1,252 Inventory 1,206 Customer relationships 3,893 Trademark rights 8 Total non-current assets 860 Total assets 7,351 Total liabilities (2,104) Net assets acquired 5,247 Goodwill arising on acquisition 2,138 Total consideration transferred 7,385 Cash acquired (5) Net cash paid (2) 7,380 (1) In 2022 the PPA was pending finalization, as the allocation of the value in the assets was still in process, As a result of the purchase price allocation which was finalized in 2023, additional fair value adjustments were recognized in 2023 as follows: an increase in total net assets of Ps. 4,635 (from which Ps. 3,893 are customer relationships and Ps. 8 are trademark rights), and a decrease in goodwill of Ps. 3,824. Trademark rights and goodwill both included in the same financial statement caption, indefinite life intangibles. The Company did not retrospectively adjust the provisional amounts recognized in the statement of financial position and the income statement (amortization for definite life intangibles) at the acquisition date given the amounts recognized in the current period are insignificant. (2) Cash flow from this acquisition is included as part of discontinued operations on the consolidated statements of cash flows. The Company expected to recover the amounts 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 over a period of 15 years. The income statement information of this acquisition for the period from the acquisition date through December 31, Income Statement 2022 Total revenues Ps. 5,718 Income before income taxes 463 Net income Ps. 463 4.2 Other acquisitions 4.2.1 Coca-Cola FEMSA In 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 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 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. 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 Consideration not paid on acquisition date (186) Consideration paid in acquisition date, net 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. Goodwill was allocated on the South America segment. In 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 all-cash consideration transferred. The business of “Agua Cristal” is included in the Company results since December 2022. The Company booked mainly property, plant and equipment for Ps. 448, other indefinite lived intangible assets for Ps.228, goodwill for Ps. 8 and the amount of liabilities assumed was not significant. 4.2.2 Digital FEMSA In March 2023, the Company (through Digital FEMSA) completed the acquisition of 100% of NetPay S.A.P.I. de C.V. (herein “NetPay”), a small business focused on processing electronic transactions for small and medium-sized businesses, for Ps. 4,422 in all-cash consideration. The final allocation of the purchase price to the fair value of the net assets acquired is as follows: 2023 Total current assets, including cash acquired of Ps. 39 Ps. 271 Customer relationships 188 Trademark rights 26 Technology cost 145 Total non-current assets 97 Total assets 727 Total liabilities (223) Net assets acquired 504 Goodwill arising on acquisition 3,918 Total consideration transferred 4,422 Earn out (596) Cash acquired (39) Net cash paid Ps. 3,787 The Company expects to recover the amounts allocated as goodwill through synergies, building on FEMSA’s capabilities by leveraging its expertise in the organization and management in digital business. The income statement information of this acquisition for the period from the acquisition date through December 31, 2023 is as follows: Income Statement 2023 Total revenues Ps. 1,527 Income before income taxes 2 Net loss Ps. (11) 4.2.3 Proximity Americas Division In February 2022, the Company (through Proximity Americas Division) 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 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 arising on acquisition 623 Total consideration transferred 1,269 Cash acquired (6) Net cash paid Ps. 1,263 The Company expects to recover the amounts 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, Income Statement 2022 Total revenues Ps. 2,635 Income before income taxes 314 Net income Ps. 204 4.2.4 Envoy Solutions LLC 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. 8,203 in 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. 85 Ps. 2,103 Customer relationships 1,269 Trademark rights 14 Total non-current assets 909 Total assets 4,295 Total liabilities (1,535) Net assets acquired 2,760 Goodwill arising on acquisition 5,443 Total consideration transferred 8,203 Cash acquired (85) Net cash paid (2) Ps. 8,118 (1) In 2022 the PPA was pending finalization, as the allocation of the value in the assets was still in process, As a result of the purchase price allocation which was finalized in 2023, additional fair value adjustments were recognized in 2023 as follows: an increase in total net assets of Ps. 1,783 (from which Ps. 1,269 are customer relationships and Ps. 14 are trademark rights), and a decrease in goodwill of Ps. 1,054. Trademark rights and goodwill both included in the same financial statement caption, indefinite life intangibles. The Company did not retrospectively adjust the provisional amounts recognized in the statement of financial position and the income statement (amortization for definite life intangibles) at the acquisition date given the amounts recognized in the current period are insignificant. (2) Cash flow from this acquisition is included as part of discontinued operations on the consolidated statements of cash flows. The Company expected to recover the amounts 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 over 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. (herein “Daycon”), Penn Jersey Paper, Co. (herein “PJP”), Next-Gen Supply Group, Inc. (herein “Next-Gen”), Johnston Paper Company, Inc. (herein “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 Trademark rights 58 Other non-current assets 1,594 Total assets 7,311 Total liabilities (2,907) Net assets acquired 4,404 Goodwill arising on acquisition 5,545 Total consideration transferred 9,949 Cash acquired (337) Net cash paid Ps. 9,612 (1) In 2021 the PPA was pending finalization, as the allocation of the value in the assets was still in process, As a result of the purchase price allocation which was finalized in 2022, additional fair value adjustments were recognized in 2022 as follows: an increase in total net assets of Ps. 3,068 (from which Ps. 2,864 are customer relationships and Ps. 58 are trademark rights), and a decrease in goodwill of Ps. 2,395. Trademark rights and goodwill both included in the same financial statement caption, indefinite life intangibles. The Company did not retrospectively adjust the provisional amounts recognized in the statement of financial position and the income statement (amortization for definite life intangibles) at the acquisition date given the amounts recognized in the current period are insignificant. The Company expected 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 over 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 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 acquisition of NetPay as if this acquisition had occurred on January 1, 2023; 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, 2023 Total revenues Ps. 710,327 Income before income taxes and share of the profit of equity method accounted investees 57,826 Net income 76,622 Basic net controlling interest income per share Series “B” Ps. 3.27 Basic net controlling interest income per share Series “D” 4.09 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 loss per share Series “B” Ps. 1.43 Basic net controlling interest loss per share Series “D” 1.78 4.3. Disposals (Discontinued Operations) 4.3.1 Heineken On February 16, 2023, the Company sold a portion of its investment in Heineken Group for a total amount of EUR 3.2 billion all in cash consideration. After this transaction FEMSA's economic interest decreased from 14.76% to 8.13%. As a result, FEMSA's appointed directors resigned from Heineken's Boards and the Company lost its significant influence over this investment, discontinuing the use of the equity method of accounting for the Heineken Investment. On May 31, 2023, the Company sold the majority of its economic interest in Heineken Group common shares through an accelerated book building of shares for a total amount of EUR 3.3 billion with the exception of the retained shares recognized at fair value a financial asset underlying the Company's unsecured exchangeable bonds, which represent less than 1% of an economic interest for the amount of EUR 500 million redeemable for shares of Heineken Holding N.V. see Note 14. Because of its importance as a substantial business for the Company, which includes its geographical footprint, in accordance with IFRS 5, the investment in Heineken was classified as a discontinued operation for all the years presented in these consolidated financial statements; the results related with the equity method were presented in the profit after tax from discontinued operations in the consolidated statements of income. The consolidated statements of income comparative figures have therefore been restated accordingly. All other notes to the consolidated financial statements include amounts for continued operations, unless indicated otherwise. A summary of the results of the discontinued operation from January 1 to December 31, 2023, corresponding to Heineken's equity method, is shown below: December 31, 2023 Proceeds from the sale of shares Ps. 133,222 Cost of sale of shares 106,273 26,949 Expenses related to the sale (430) Recycling: Foreign exchange loss of the equity method (9,235) Gain on the remeasurement of the value of derivative instruments 738 Employee benefits (1,247) Cancellation effects of hedge of foreign net investment (Note 19) 5,763 (3,981) Equity method: Results for the period, net of tax 619 Foreign exchange of the period (2,141) (1,523) Change in investment recognition: Gain on revaluation at fair value of the shares 26,820 Taxes Cancellation of deferred tax asset related to the investment (4,134) Tax paid on the sale of shares (10,697) Gain on sale of shares reclassified to discontinued operations Ps. 33,003 For the years ended December 31, 2022 and 2021, the amount of discontinued operations was Ps. 7,359 and Ps. 10,775 respectively, related with the equity method of Heineken. After the sale of the economic interest in Heineken, the remaining shares linked to the exchangeable bond are classified as a financial asset within the consolidated statement of financial position amounted to Ps. 7,514 as of December 31, 2023. See Note 14.2. The investment in Heineken represented a business segment until 2023. With this investment being classified as discontinued operations, the investment in Heineken segment is no longer presented in the segment note as it no longer meets the definition of a reportable segment and therefore prior periods have been restated as such for purposes of comparability (see Note 27). 4.3.2 Plan for Disposal of Strategic Businesses The following companies were part of the Strategic businesses operation segment: • AlPunto, which is a group of companies focused on the production and distribution of coolers, commercial refrigeration equipment, plastic boxes, food processing, preservation and weighing equipment. • Solistica, dedicated to providing 3PL comprehensive logistics solutions to FEMSA companies and to external customers. • Envoy, a business related with the specialized distribution of cleaning products and consumables in the United States. On February 15, 2023, the Company publicly announced FEMSA Forward Strategy which consists on maximize long term value creation by focusing on its core business verticals and exploring alternatives for strategic businesses. Therefore, the Company started the process for the divestment of these businesses during 2023. The Company identified AlPunto and Solistica businesses are held for sale and discontinued operations as of December 31, 2023 and the sale is expected to be completed within a year from the reporting date. The major classes of assets and liabilities classified as held for sale as at December 31, 2023 are, as follows: 2023 Cash Ps. 319 Trade receivables 6,567 Inventories 2,636 Other current assets 866 Total Current Assets 10,387 Property, plant and equipment 3,830 Right-of-use assets 2,827 Intangible assets 6,250 Other assets 2,525 Total Assets 25,819 Lease liabilities 674 Operating liabilities 7,631 Total Current Liabilities 8,305 Non-current portion lease liabilities 2,391 Employee benefits 479 Other liabilities 396 Total Liabilities Ps. 11,569 On October 31, 2023, the Company finalized the merger of Envoy Solutions, LLC into BradyIFS ("IFS TopCo LLC"), with Envoy continuing its operations as a wholly-owned subsidiary of Brady IFS. As a result of the transaction, the Company lost control over Envoy and recognized a gain of disposal of Ps. 163 million in the consolidated income statement for 2023. Following the merger, the Company received approximately US$1.5 billion in cash and acquired a 37% ownership stake in the newly formed entity which was measured at fair value. The remaining ownership, approximately 63%, was acquired by existing BradyIFS equity holders, represented by Sponsor Co, LLC, and the existing non-controlling interest of Envoy Solutions. Subsequently, the Company recognizes its investment in Brady IFS under the equity method given that it exercises significant influence over the entity. Strategic Businesses were presented within the Logistics and Distributions segment until 2023. With these businesses being classified as discontinued operations, the Logistics and Distributions segment is no longer presented in the segment note as it no longer meets the definition of a reportable segment and therefore prior periods have been restated as such for purposes of comparability (see Note 27). The results of the discontinued operations related to these dispositions, which are all part of the same disposal decision related to the FEMSA Forward strategy, for the years ended are shown below: 2023 2022 2021 Net sales Ps. 80,634 Ps. 76,194 Ps. 50,801 Cost of goods sold 62,275 66,044 43,272 Gross profit 18,359 10,150 7,529 Operating profit 3,997 1,972 (1,777) Loss before income taxes of discontinued operations (1,334) (4,816) (1,799) Income taxes 511 (1,120) (712) Gain on sale of discontinued operations 59 — — Net loss of the period of discontinued operations (1) Ps. (765) Ps. (5,936) Ps. (2,511) Heineken 33,003 7,359 10,775 Total discontinued operations Ps. 32,238 Ps. 1,423 Ps. 8,264 (1) Includes impairment loss related to Logistics and Distribution for an amount of Ps. 3,955 in 2023.

Cash and Cash Equivalents

Cash and Cash Equivalents	12 Months Ended
	Dec. 31, 2023
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, 2023 December 31, 2022 Cash and bank balances Ps. 90,114 Ps. 39,598 Cash equivalents (see Note 3.5) 74,998 43,841 Ps. 165,112 Ps. 83,439

Investments

Investments	12 Months Ended
	Dec. 31, 2023
Investment property [abstract]
Investments	Investments As of December 31, 2023 and 2022, 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 2023 2022 Acquisition cost Ps. — Ps. 21 Accrued interest — 30 Bank deposits Acquisition cost Ps. 26,354 Ps. — Accrued interest 374 — Total investments Ps. 26,728 Ps. 51

Trade Accounts Receivable, Net

Trade Accounts Receivable, Net	12 Months Ended
	Dec. 31, 2023
Trade and other receivables [abstract]
Trade Accounts Receivable, Net	Trade Accounts Receivable, Net December 31, 2023 December 31, 2022 Trade accounts receivable Ps. 34,047 Ps. 39,331 The Coca-Cola Company (see Note 15) 378 776 Loans to employees 114 131 Heineken Group (see Note 15) 352 1,172 Others 6,507 6,355 41,398 47,765 Allowance for expected credit losses (2,535) (2,238) Ps. 38,863 Ps. 45,527 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 6% 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. 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, 2023 December 31, 2022 Current Ps. 25,424 Ps. 36,978 0‑30 days 9,892 7,517 31‑60 days 1,398 1,037 61‑90 days 835 463 91‑120 days 1,017 291 120+ days 2,832 1,479 Total Ps. 41,398 Ps. 47,765 7.2 Changes in the allowance for expected credit losses 2023 2022 2021 Balance at the beginning of the period Ps. 2,238 Ps. 1,951 Ps. 2,462 Allowance for the period 1,367 1,060 496 Additions (write-offs) of uncollectible accounts (557) (945) (821) Addition from business combinations 3 166 — Effects of changes in foreign exchange rates (26) 6 (186) Disposal of businesses (490) — — Balance at the end of the period Ps. 2,535 Ps. 2,238 Ps. 1,951 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. In 2023 the Company recognized a write-off in Health Division for an amount of Ps. 527 related with trades receivables in Colombia due to uncertainty in collection with one of the main institutional customers. 7.3 Payments from The Coca-Cola Company The Coca-Cola Company participates in certain marketing and promotional programs. Contributions received by the Company are recognized as a reduction in selling expenses. For the years ended December 31, 2023, 2022, and 2021 contributions received were Ps. 2,450, Ps. 1,170 and Ps. 2,437, respectively.

Inventories

Inventories	12 Months Ended
	Dec. 31, 2023
Inventories [Abstract]
Inventories	Inventories December 31, 2023 December 31, 2022 Finished products Ps. 51,939 Ps. 53,185 Raw materials 3,701 6,383 Spare parts 1,145 1,159 Work in process 899 1,028 Inventories in transit 538 469 Ps. 58,222 Ps. 62,224 For the years ended 2023, 2022 and 2021, the Company recognized write-downs of its inventories for Ps. 3,278, Ps. 2,089 and Ps. 1,867 to net realizable value, respectively. For the years ended 2023, 2022 and 2021, changes in inventories are comprised of the following and included in the consolidated income statement under the cost of goods sold caption: 2023 2022 (Revised) 2021 (Revised) Changes in inventories of finished goods and work in process Ps. 286,346 Ps. 234,174 Ps. 246,134 Raw materials and consumables used 115,542 84,984 42,014 Total Ps. 401,888 Ps. 319,158 Ps. 288,148

Other Current Assets and Other

Other Current Assets and Other Current Financial Assets	12 Months Ended
	Dec. 31, 2023
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, 2023 December 31, 2022 Prepaid expenses Ps. 3,331 Ps. 3,953 Agreements with customers, net of accumulated amortization 126 208 Licenses 233 247 Other 127 70 Ps. 3,817 Ps. 4,478 As of December 31, 2023 and 2022, the Company’s prepaid expenses are as follows: December 31, 2023 December 31, 2022 Advances for inventories Ps. 1,826 Ps. 1,964 Advertising and promotional expenses paid in advance 96 119 Advances to service suppliers 4 44 Prepaid leases 63 64 Prepaid insurance 674 332 Others 668 1,430 Ps. 3,331 Ps. 3,953 For the years ended December 31, 2023, 2022 and 2021, the Company’s advertising and promotional expenses amounted to Ps. 6,778, Ps. 5,768 and Ps. 7,586, respectively. 9.2 Other current financial assets 2023 2022 Restricted cash Ps. 304 Ps. 1,103 Derivative financial instruments (see Note 21) 431 10,061 Notes receivable (1) 16,125 205 Ps. 16,860 Ps. 11,369 (1) In 2023, the Company sold its investment in Jetro Restaurant Depot. As part of the purchase sale agreement, a note receivable was agreed for U.S.$933 (Ps. 15,954), see Note 14.2. The Company has pledged part of its cash to fulfill the collateral requirements for the accounts payable in different currencies. As of December 31, 2023 and 2022, the restricted cash pledged was held in: 2023 2022 U.S. Dollars Ps. 304 Ps. 1,095 Chilean pesos — 8 Ps. 304 Ps. 1,103 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, 2023
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, 2023 and 2022, Company’s equity method accounted investees are as follows: Ownership Percentage Carrying Value Investee Principal Activity Place of Incorporation December 31, 2023 December 31, 2022 December 31, 2023 December 31, 2022 Heineken (1) (2) Beverages The Netherlands — % 14.8 % Ps. — Ps. 92,282 IFS TopCo LLC (4) Distribution United States 37.1 % — % 15,032 — Coca-Cola FEMSA: Joint ventures: Dispensadoras de Café, S.A.P.I. de C.V. Services Mexico 50.0 % 50.0 % 223 189 Fountain Agua Mineral, L.T.D.A. Beverages Brazil 50.0 % 50.0 % 808 752 Planta Nueva Ecología De Tabasco, S.A. de C.V. Recycling Mexico 50.0 % 50.0 % 1,139 578 Associates: Promotora Industrial Azucarera, S.A. de C.V. (“PIASA”) Sugar production Mexico 36.4 % 36.4 % 3,454 3,632 Industria Envasadora de Querétaro, S.A. de C.V. (“IEQSA”) Canned bottling Mexico 26.5 % 26.5 % 215 157 Industria Mexicana de Reciclaje, S.A. de C.V. (“IMER”) Recycling Mexico 35.0 % 35.0 % 99 100 Jugos del Valle, S.A.P.I. de C.V. Beverages Mexico 28.2 % 29.3 % 2,831 2,267 Leao Alimentos e Bebidas, L.T.D.A. Beverages Brazil 25.1 % 25.1 % 298 388 Alimentos de Soja S.A.U. Beverages Argentina 10.7 % 10.7 % 23 282 Other investments in Coca-Cola FEMSA Various Various Various Various 156 107 Proximity Americas Division: Joint ventures: Raizen Conveniências Proximity Brazil 50.0 % 50.0 % 1,636 2,371 Other investments (1) (3) Various Various Various Various 333 564 Ps. 26,247 Ps. 103,669 (1) Associate. (2) As of December 31, 2022 comprised of 8.63% of Heineken, N.V. and 12.26% of Heineken Holding, N.V., which represented an economic interest of 14.76% in Heineken Group. The Company had significant influence, mainly, because it participated in the Board of Directors of Heineken Holding, N.V. and the Supervisory Board of Heineken N.V. During the first semester of 2023, the Company completed the Heineken share offering, leaving less than 1% of economic interest in Heineken Group, therefore the Company no longer maintains significant influence over this Group. (3) Joint ventures. (4) As a result of the merger between Envoy Solutions and BradyIFS during October 2023, the Company owns 37.1% of the shares of IFS TopCo LLC, having significant influence over this investee, mainly because it has appointed directors who participate in the Board of IFS TopCo LLC (see Note 4). Coca-Cola FEMSA's investments During 2023 Coca-Cola FEMSA received dividends from Promotora Mexicana de Embotelladores, S.A. de C.V. ("PIASA") for the amount of Ps. 79. During 2023 Coca-Cola FEMSA made capital contributions to Jugos del Valle, S.A.P.I. de C.V. for the amount of Ps. 466, and sale of shares for an amount of Ps. 24, also its ownership decreased due to a corporate restructuring. During 2023, Coca-Cola FEMSA recognized an impairment on its investment in Alimentos de Soja S.A.U. for an amount of Ps. 143 recognized in the South America segment. During 2023 and 2022 Coca-Cola FEMSA made capital contributions to Planta Nueva Ecología de Tabasco S.A. de C.V. for the amounts of Ps. 506, and Ps. 560, respectively. There were no changes in the ownership percentage as a result of capital contributions made by the other shareholders. 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 acquisition of CVI. During 2022 Coca-Cola FEMSA received dividends from Industria Envasadora de Querétaro, S.A. de C.V. ("IEQSA") for the amount of Ps. 16. 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. 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. For the years ended December 31, 2023, 2022 and 2021 the equity earnings recognized for associates of Coca-Cola FEMSA were Ps. 25, Ps. 194 and Ps. 85, respectively. For the years ended December 31, 2023, 2022 and 2021 the equity earnings recognized for joint ventures of Coca-Cola FEMSA were Ps. 190, Ps. 192 and Ps. 3, respectively. Heineken 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. The economic interest as of December 31, 2022 was 14.8%. The Company’s share of the net income attributable to equity holders of Heineken Group exclusive of amortization of adjustments amounted to Ps. 8,316 for the year ended December 31, 2022. On February 17, 2023, the Company, through several block transactions, sold 20,879,120 Heineken N.V. shares and 17,333,518 Heineken Holding N.V. shares, from which Heineken N.V. repurchased 7,782,100 Heineken N.V. shares and 3,891,050 Heineken Holding shares from the Company. In addition, on May 31, 2023, the Company sold 28,828,083 Heineken N.V. shares and 12,756,044 Heineken Holding shares, from which Heineken N.V. repurchased 2,531,462 Heineken N.V. shares and 1,265,731 Heineken Holding shares from the Company. Consequently, the Company and its subsidiaries sold a total of 49,697,203 shares of Heineken N.V. and 30,089,562 shares of Heineken Holding N.V., representing 8.63% and 10.45% of the capital stock of each of them, respectively, and which together represent an economic interest of 13.9% in Heineken Group. As a result of the transactions described above, the Company no longer maintains significant influence over the Heineken Group, and the equity method over this investment was discontinued, considering reclassifications from other comprehensive income to the profit and losses (see Note 4). The Company recognized equity method income of Ps. 7,359 and Ps. 10,775 net of taxes based on its economic interest in Heineken Group for the years ended December 31, 2022 and 2021, respectively. For the three months ended from January 1st to March 31st of 2023, the Company recognized equity method income of Ps. 619 from Heineken Group (see Note 4.3.1). Summarized financial information in respect of the associate Heineken Group accounted for under the equity method is set out below. December 31, 2022 Amounts in millions Peso Euro Total current assets Ps. 227,480 €. 11,015 Total non-current assets 854,803 41,391 Total current liabilities 293,050 14,190 Total non-current liabilities 336,543 16,296 Total equity 452,690 21,920 Equity attributable to equity holders 403,765 19,551 Total revenue and other income Ps. 598,072 €. 28,866 Total cost and expenses 509,333 24,583 Net income Ps. 62,965 €. 3,039 Net income attributable to equity holders 55,568 2,682 Other comprehensive income 6,257 302 Total comprehensive income Ps. 69,222 €. 3,341 Total comprehensive income attributable to equity holders 62,965 3,039 Reconciliation from the equity of the associate Heineken Group to the investment of the Company. December 31, 2022 Amounts in millions Peso Euro Equity attributable to equity holders of Heineken Ps. 403,765 €. 19,551 Economic ownership percentage % 14.76 % 14.76 Investment in Heineken investment exclusive of goodwill and other adjustments Ps. 59,560 €. 2,884 Effects of fair value determined by purchase price allocation 14,528 704 Goodwill 18,194 881 Heineken investment Ps. 92,282 €. 4,469 As of December 31, 2022, 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) based on quoted market prices of those dates. During the years ended December 31, 2023, 2022 and 2021, the Company received dividends distributions from Heineken Group, amounting to Ps. 3,428, Ps. 2,635 and Ps. 2,005, respectively. IFS TopCo LLC On October 31, 2023, the Company entered into a definitive agreement with BradyIFS to create a new distribution platform for the facility cleaning, food disposables and packaging industries in the United States. The Company received Ps. 24,468 (U.S. $1.5 billion) in cash and will maintain a 37.1% equity interest in the new combined entity IFS TopCo LLC. Due to the timing of the acquisition in the fourth quarter of 2023, 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. Goodwill and intangibles assets pending allocation would include primarily trademark rights and customer relationships of which the majority are expected to be indefinite life. Any potential adjustments would be reflected within the equity method investment for this entity given that the Company does not control but does have significant influence over it. The fair value of the investment derived from the transaction was Ps. 15,032 (U.S. $890 million) (see Note 4.3.2). Reconciliation from the equity of the associate IFS TopCo LLC to the investment of the Company. December 31, 2023 Amounts in millions Peso U.S. dollars Fair value of IFS TopCo Ps. 36,169 $. 2,141 Economic ownership percentage % 37.08 % 37.08 Investment in IFS TopCo investment exclusive of goodwill and other adjustments Ps. 13,412 $. 794 Goodwill pending to be allocated 1,620 96 IFS TopCo investment (1) Ps. 15,032 $. 890 (1) IFS TopCo purchase price allocation will be finalized during the twelve month remeasurement period after the acquisition date. For the year ended December 31, 2023, 2022 and 2021, the Company’s share of other comprehensive income from equity investees, net of taxes are as follows: 2023 2022 2021 Items that may be reclassified to consolidated net income: Valuation of the effective portion of derivative financial instruments Ps. (526) Ps. (286) Ps. 32 Exchange differences on translating foreign operations 6,623 2,655 2,893 Total Ps. 6,097 Ps. 2,369 Ps. 2,925 Items that may not be reclassified to consolidated net income in subsequent periods: Remeasurements of the net defined benefit liability Ps. 897 Ps. 267 Ps. 590 For the years ended December 31, 2023, 2022 and 2021 the equity earnings (loss) recognized for other associates were Ps. (621), Ps. 287, and Ps. (98), respectively.

Property, Plant and Equipment

Property, Plant and Equipment	12 Months Ended
	Dec. 31, 2023
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 1,2021 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 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 8,237 939 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 (19) (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) (15) (5,626) Effects of changes in foreign exchange rates (458) (1,167) (1,955) (1,276) (1,707) (589) 641 (166) (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. 31,031 Ps. 105,004 Ps. 18,301 Ps. 22,970 Ps. 16,206 Ps. 31,356 Ps. 1,256 Ps. 236,775 Cost as of January 1, 2023 Ps. 10,651 Ps. 31,031 Ps. 105,004 Ps. 18,301 Ps. 22,970 Ps. 16,206 Ps. 31,356 Ps. 1,256 Ps. 236,775 Additions (1) 135 319 9,193 855 2,782 18,376 4,572 566 36,798 Additions from business acquisitions — — 64 — — 2 — — 66 Business combinations from disposals — — 70 — — — — — 70 Changes in the fair value of past acquisitions 73 (15) 189 — — — — 10 257 Transfer of completed projects in progress 558 1,582 6,008 2,346 2,110 (12,621) 3 14 — Transfer (to)/from assets classified as held for sale — — 57 — — — — — 57 Disposals (327) (799) (9,656) (1,245) (270) (322) (1,012) (100) (13,731) Disposal of Envoy Solutions — — (1,001) — — (91) (200) (17) (1,309) Effects of changes in foreign exchange rates (523) (2,174) (5,845) (1,299) (2,155) (1,109) (266) (371) (13,742) Effects on the recognition of inflation effects 177 587 1,897 400 655 123 4 — 3,843 Cost as of December 31, 2023 Ps. 10,744 Ps. 30,531 Ps. 105,980 Ps. 19,358 Ps. 26,092 Ps. 20,564 Ps. 34,457 Ps. 1,358 Ps. 249,084 (1) Total includes Ps. 890, Ps. 2,278 and Ps. 3,784 outstanding payment to suppliers, as of December 31, 2023, 2022 and 2021 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, 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 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. (9,543) Ps. (53,250) Ps. (9,873) Ps. (15,074) Ps. 4 Ps. (14,511) Ps. (527) Ps. (102,774) Accumulated Depreciation as of January 1, 2023 Ps. — Ps. (9,543) Ps. (53,250) Ps. (9,873) Ps. (15,074) Ps. 4 Ps. (14,511) Ps. (527) Ps. (102,774) Depreciation for the year — (1,021) (10,309) (1,844) (3,257) — (2,784) (196) (19,411) Transfer to/(from) assets classified as held for sale — — (43) — — — — — (43) Disposals — 260 6,494 1,249 261 (4) 592 63 8,915 Disposal of Envoy Solutions — — 344 — — — 70 (38) 376 Effects of changes in foreign exchange rates — 708 3,898 793 1,783 — 398 241 7,821 Changes in value on the recognition of inflation effects — (218) (1,265) (291) (649) — (2) (13) (2,438) Accumulated Depreciation as of December 31, 2023 Ps. — Ps. (9,814) Ps. (54,131) Ps. (9,966) Ps. (16,936) Ps. — Ps. (16,237) Ps. (470) Ps. (107,554) 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, 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. 21,488 Ps. 51,754 Ps. 8,428 Ps. 7,896 Ps. 16,210 Ps. 16,845 Ps. 729 Ps. 134,001 As of December 31, 2023 Ps. 10,744 Ps. 20,717 Ps. 51,849 Ps. 9,392 Ps. 9,156 Ps. 20,564 Ps. 18,220 Ps. 888 Ps. 141,530

Leases

Leases	12 Months Ended
	Dec. 31, 2023
Leases, 1 [Abstract]
Leases	Leases During 2023, the changes in the Company’s right-of-use assets were as follows: Land and buildings Other (1) Total Cost as of January 1, 2023 Ps. 81,753 2,213 83,966 Additions 21,858 772 22,630 Changes in fair value of past acquisitions 2,774 30 2,804 Transfer (from)/to assets classified as held for sale (6,721) (618) (7,339) Disposals (5,956) (141) (6,097) Remeasurements 8,416 674 9,090 Depreciation (13,889) (879) (14,768) Effects of changes in foreign exchange rates and restatement effects associated with hyperinflationary economies (2,184) (161) (2,345) Right-of-use assets, net as of December 31 2023 Ps. 86,051 1,890 87,941 (1) Other assets mainly include transportation equipment and servers. As of December 31, 2023, the lease liabilities are integrated as follows: December 31, 2023 Maturity analysis – contractual undiscounted cash flows Less than one year Ps. 24,267 One to five years 57,694 Five to ten years 40,107 More than ten years 18,700 Total undiscounted lease liabilities on December 31 140,768 Lease liabilities included in the statement of financial position on December 31 96,073 Current 12,236 Non-Current Ps. 83,837 As December 31, 2023, the weighted average incremental borrowing rate was 9.79%. The interest expense for leases reported in the consolidated income statement for the year ended December 31, 2023 was Ps. 6,841. The expense relating to short-term leases and leases of low-value assets for the year ended December 31, 2023 was Ps. 10 included in the consolidated income statement in selling expenses. For the year ended December 31, 2023, the amounts recognized in the consolidated statement of cash flows related to leases paid, including interest paid derived from leases, are Ps. 16,171. During 2022, the changes 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 of December 31, 2022, the weighted average incremental borrowing rate was 9.17%. The interest expense for leases reported in the consolidated income statement for the year ended December 31, 2022 and 2021 was Ps. 5,789 and Ps. 5,118, respectively. The expense relating to short-term leases and leases of low-value assets for the year ended December 31, 2022 and 2021 was Ps. 841 and Ps. 112, respectively. For the year ended December 31, 2022 and 2021, the amounts recognized in the consolidated statement of cash flows related to leases paid, including interest paid derived from leases, are Ps. 13,291 and Ps. 10,977, respectively. During 2022 and 2021, the Company applied the related COVID 19 rent concessions practical expedient to apply the exemption from assessing whether a COVID 19 rent concession is a lease modification for all rent concessions 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 material for the year ended December 31, 2023 and 2022. 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, 2023 and 2022. 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, 2023
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, 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. Rights to Goodwill Trademark Rights Other Total Unamortized Intangible Technology Costs and Management Systems Customer Relationships Alcohol Other Total Amortized Intangible Total Intangible Cost as of January 1, 2023 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 Additions — — — 4 4 1,966 — 261 1,174 3,401 3,405 Acquisitions from business combinations (see Note 4) — 3,918 26 — 3,944 145 188 — 25 358 4,302 Changes in fair value of past acquisitions — (12,273) 7,683 — (4,590) — 5,162 — (117) 5,045 455 Business disposals (12) (25,036) (3,009) (56) (28,113) (482) (17,788) — (29) (18,299) (46,412) Transfer of completed development systems (224) — — 227 3 292 — — (295) (3) — Disposals — (2) — (2) (4) (197) — (161) (235) (593) (597) Effect of movements in exchange rates (1,568) (3,744) (810) 45 (6,077) (424) (814) — (683) (1,921) (7,998) Changes in value on the recognition of inflation effects — — — — — — — — 70 70 70 Impairment — (4,995) — — (4,995) — — — — — (4,995) Business combinations from disposals — 1,950 — — 1,950 — — — — — 1,950 Cost as of December 31, 2023 Ps. 73,952 Ps. 45,522 Ps. 12,934 Ps. 1,483 Ps. 133,891 Ps. 12,205 Ps. 236 Ps. 2,077 Ps. 5,441 Ps. 19,959 Ps. 153,850 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 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) Amortization as of January 1 2023 Ps. — Ps. — Ps. — Ps. — Ps. — Ps. (7,021) Ps. (3,152) Ps. (939) Ps. (1,786) Ps. (12,898) Ps. (12,898) Amortization expense — — — — — (1,519) (1,113) (116) (547) (3,295) (3,295) Disposals — — — — — 161 — — 209 370 370 Business disposals — — — — — 276 4,010 — 51 4,337 4,337 Impairment — — (36) — (36) — — — — — (36) Effect of movements in exchange rates — — — — — 578 188 15 187 968 968 Changes in value on the recognition of inflation effects — — — — — (78) — — — (78) (78) Amortization as of December 31 2023 Ps. — Ps. — Ps. (36) Ps. — Ps. (36) Ps. (7,603) Ps. (67) Ps. (1,040) Ps. (1,886) Ps. (10,596) Ps. (10,632) 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 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 As of December 31 2023 Ps. 73,952 Ps. 45,522 Ps. 12,898 Ps. 1,483 Ps. 133,855 Ps. 4,602 Ps. 169 Ps. 1,037 Ps. 3,555 Ps. 9,363 Ps. 143,218 For the years ended December 31, 2023, 2022 and 2021, allocation for amortization expense is as follows: 2023 2022 2021 Cost of goods sold Ps. 1,229 Ps. 207 Ps. 254 Administrative expenses 1,257 1,771 1,630 Selling expenses 809 718 810 Ps. 3,295 Ps. 2,696 Ps. 2,694 The average remaining period for the Company’s intangible assets that are subject to amortization is as follows: Years Technology Costs and Management Systems 3 - 10 Customer Relationships 6 - 25 Alcohol Licenses 12 Coca-Cola FEMSA Impairment Tests for cash-generating Units Containing Goodwill, Distribution Rights and Other indefinite lived intangible assets 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, distribution rights and other indefinite lived intangible assets allocated to each CGU are as follows: December 31, 2023 December 31, 2022 Mexico Ps. 56,662 Ps. 56,967 Guatemala 1,684 1,691 Nicaragua 404 404 Costa Rica 1,418 1,418 Panama 1,169 1,170 Colombia 3,635 3,583 Brazil 30,018 31,883 Argentina 245 426 Uruguay 2,381 2,512 Total Ps. 97,616 Ps. 100,054 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 businesses 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. • For discounting cash flows to get the recoverable amount of the units, Coca-Cola FEMSA applies the WACC for each CGU, and the calculation assumes a size premium adjustments. The key assumptions by CGU for impairment testing as of December 31, 2023 were as follows: CGU Pre-tax WACC Post-tax WACC Expected Annual Long-Term Inflation Expected 2024‑2028 2024‑2028 Mexico 9.0 % 6.3 % 4.3 % 4.4 % Brazil 10.1 % 6.8 % 3.8 % 3.8 % Colombia 12.2 % 7.7 % 4.2 % 6.8 % Argentina 20.8 % 16.1 % 70.8 % 4.8 % Guatemala 9.3 % 7.3 % 4.0 % 14.9 % Costa Rica 11.4 % 8.8 % 2.9 % 6.6 % Nicaragua 23.3 % 16.4 % 2.6 % 6.5 % Panama 11.6 % 8.6 % 2.0 % 7.8 % Uruguay 9.7 % 7.4 % 5.7 % 3.7 % The key assumptions by CGU for impairment testing as of December 31, 2022 were as follows: Pre-tax WACC Post-tax WACC Expected Annual Expected CGU 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 % Sensitivity to Changes in Assumptions On December 31, 2023, 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 +0.6 p.p. -1.0 % Passes by 3.2x Brazil +0.8 p.p. -1.0 % Passes by 0.9x Colombia +0.9 p.p. -1.0 % Passes by 1.1x Argentina +3.3 p.p. -1.0 % Passes by 0.9x Guatemala +0.7 p.p. -1.0 % Passes by 5.4x Costa Rica +0.8 p.p. -1.0 % Passes by 4x Nicaragua +3.3 p.p. -1.0 % Passes by 0.8x Panama +0.7 p.p. -1.0 % Passes by 2.2x Uruguay +0.3 p.p. -1.0 % Passes by 2x (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 and Trademark Rights For the purpose of impairment testing, goodwill and trademark rights are allocated and monitored on an individual country basis by operating segment. The Company has identified its cash-generating units as follows: Mexico, Chile, Colombia and Ecuador. As of December 31, 2023 in Health Division there is a significant carrying amount of goodwill and trademark rights allocated in all countries in which the Company operates as a cash generating unit with a total carrying amount of Ps. 8,695. The aggregate carrying amounts of goodwill and trademark rights allocated to each CGU as of December 31, 2023 are as follows: Mexico Ps. 1,975, Chile Ps. 5,890, Colombia Ps. 634 and Ecuador Ps. 196. The aggregate carrying amounts of goodwill and trademark rights allocated to each CGU as of December 31, 2022 are as follows: Mexico Ps. 2,455, Chile Ps. 7,786, Colombia Ps. 577 and Ecuador Ps. 50. 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. • For discounting cash flows to get the recoverable amount of the units, the Company applies the WACC for each CGU, and the calculation assumes a size premium adjustments. The key assumptions by the significant CGU (Chile) in the Health Division (Mexico, Colombia and Ecuador are insignificant) for impairment test as of December 31, 2023 was as follows: CGU Pre-tax WACC Post-tax WACC Expected Annual Expected Sales Growth Rates 2024‑2028 Chile 7.3 % 6.4 % 2.6 % 0.2 % The key assumptions by the significant CGU in the Health Division for impairment test as of December 31, 2022 was as follows: CGU Pre-tax WACC Post-tax WACC Expected Annual Expected Sales Growth Rates 2023‑2027 Chile 9.3 % 6.5 % 4.9 % 0.6 % 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, 2023, 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. The sensitivity test by the significant CGU in the Health Division as of December 31, 2023 was as follows: CGU Change in WACC Change in Sales Growth CAGR Effect on Valuation Chile 0.7 p.p. (0.5) % Passes by 1.85x Valora impairment testing for cash-generating units containing goodwill. The Company has identified its cash-generating units as a retail food distribution platform located in Europe for impairment testing purposes for goodwill and trademark rights. As of December 31, 2023 in Valora there is a significant carrying amount of goodwill and trademarks allocated in the cash generating unit with a total carrying amount of Ps. 22,519. The recoverable amounts are based on the value in use. The value in use of the CGU 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 the CGU. 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 the CGU, 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. • For discounting cash flows to get the recoverable amount of the units, the Company applies the WACC for the CGU, and the calculation assumes a size premium adjustment. The key assumptions by CGU for impairment test as of December 31, 2023 were as follows: CGU Pre-tax WACC Post-tax WACC Expected Annual Long-Term Inflation 2024‑2028 Expected Sales Growth Rates 2024‑2028 Valora 5.8 % 5.5 % 1.4 % 0.2 % 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, 2023, the Company performed an additional impairment sensitivity calculation, taking into account an effect of 50 basis points in the sale’s compound annual growth rate ("CAGR"), concluding that no impairment would be recognized. CGU Change in Sales Growth CAGR Effect on Valuation Valora (0.5) % Passes by 1.42x

Other Non-Current Assets and Ot

Other Non-Current Assets and Other Non-Current Financial Assets	12 Months Ended
	Dec. 31, 2023
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, 2023 December 31, 2022 Agreements with customers, net of accumulated amortization and other rights Ps. 766 Ps. 771 Non-current prepaid advertising expenses 238 184 Guarantee deposits (1) 1,410 1,612 Prepaid bonuses 445 327 Advances to acquire property, plant and equipment 1,432 981 Recoverable taxes 2,120 1,844 Indemnifiable assets from business combinations (2) 1,030 1,555 Others 1,055 1,984 Ps. 8,496 Ps. 9,258 (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, 2023 December 31, 2022 Non-current accounts receivable (3) Ps. 1,686 Ps. 1,686 Derivative financial instruments (see Note 21) 3,880 3,520 Others 1,587 923 Other investments measured at FVTPL (2) 7,514 — Other investments in equity instruments at FVOCI (1) — 17,681 Ps. 14,667 Ps. 23,810 (1) In 2023, the Company sold its investment in Jetro Restaurant Depot. As part of the purchase sale agreement, a note receivable was agreed for U.S.$933 (Ps. 15,954), see Note 9.2. (2) The Company maintains an investment in Heineken shares that are linked to the Convertible Bond issued in February 2023. (3) Includes long-term notes receivable held to maturity for Ps. 696, as well as long-term receivable for Ps. 543 related to Health Division.

Balances and Transactions with

Balances and Transactions with Related Parties and Affiliated Companies	12 Months Ended
	Dec. 31, 2023
Related party transactions [abstract]
Balances and Transactions with Related Parties and Affiliated Companies	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, 2023 December 31, 2022 Balances Due from The Coca-Cola Company (see Note 7) (1) (6) Ps. 378 Ps. 776 Balance with BBVA Bancomer, S.A. de C.V. (2) 5,233 3,891 Balance with Grupo Scotiabank Inverlat, S.A. (2) 3,897 2,350 Due from Heineken Group (5) — 2,455 Other receivables (1) 93 114 Due to The Coca-Cola Company (4) (6) Ps. 1,196 Ps. 1,248 Due to BBVA Bancomer, S.A. de C.V. (3) 1,651 2,317 Due to Heineken Group (5) — 3,214 Due to Grupo Financiero Scotiabank Inverlat, S.A. (4) 124 65 Other payables (4) 1,845 2,711 (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) As a result of the Heineken share offering during 2023, Heineken is no longer considered a related party. (6) Non-controlling interest. Balances due from related parties are considered to be recoverable. Accordingly, for the years ended December 31, 2023, 2022 and 2021, there was no expense resulting from uncollectible balances due from related parties. Transactions 2023 2022 2021 Income: Services to Heineken Group (5) Ps. — Ps. 3,796 Ps. 2,530 Logistic services to Jugos del Valle (1) 601 552 514 Interest revenues from BBVA Bancomer, S.A. de C.V . (3) 3,346 2,297 2,146 Interest revenues from Grupo Financiero Scotiabank Inverlat, S.A . (3) 413 455 302 Other revenues from related parties 1,671 963 814 Expenses: Purchase of concentrate from The Coca-Cola Company (2) Ps. 46,461 Ps. 43,717 Ps. 37,213 Purchases of beer from Heineken Group (5) — 16,006 19,552 Purchase of baked goods and snacks from Grupo Bimbo, S.A.B. de C.V. (3) 7,264 6,101 4,417 Advertisement expense paid to The Coca-Cola Company (2) (4) 869 545 1,482 Purchase of juices from Jugos del Valle, S.A.P.I. de C.V . (1) 5,301 4,990 4,102 Purchase of sugar from Promotora Industrial Azucarera, S.A. de C.V. (1) 2,841 2,841 2,213 Interest expense and fees paid to BBVA Bancomer, S.A. de C.V. (3) 215 472 72 Purchase of sugar from Beta San Miguel (1) 917 724 938 Purchases of inventories from Fountain Agua Mineral Ltda 638 — — Purchase of canned products from IEQSA (1) 843 577 234 Purchases from Sigma Alimentos (3) 2,466 — — Purchase of inventories from Leao Alimentos e Bebidas, L.T.D.A. (1) 181 215 1,320 Purchases of material from Ecolab, Inc (3) — 99 450 Advertising paid to Grupo Televisa, S.A.B . (3) 196 123 167 Insurance premiums for policies with Grupo Nacional Provincial, S.A.B . (3) — 10 1 Donations to Fundación FEMSA, A.C. (3) 309 232 144 Donations to Difusión y Fomento Cultural, A.C. 123 20 32 Donations to ITESM (3) 237 371 208 Purchases of resine to IMER (1) 458 504 416 Other expenses with related parties 225 57 206 (1) Associates. (2) Non-controlling interest. (3) Members of the board of directors in FEMSA participate in the board of directors of this entity, management.believes that due to this fact and the level of transactions with the entity, the disclosure provides relevant information to users. (4) Net of the contributions from The Coca-Cola Company of Ps. 2,450, Ps. 1,170 and Ps. 2,437, for the years ended in 2023, 2022 and 2021, respectively. (5) As a result of the Heineken share offering during 2023, Heineken is no longer considered a related party. The aggregate compensation paid to executive officers and senior management of the Company were as follows: 2023 2022 2021 Short-term employee benefits paid Ps. 3,742 Ps. 2,381 Ps. 1,934 Postemployment benefits 54 53 52 Termination benefits 935 63 36 Share-based payments (Note 18.2) 943 866 853

Balances and Transactions in Fo

Balances and Transactions in Foreign Currencies	12 Months Ended
	Dec. 31, 2023
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, 2023, 2022 and 2021, 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, 2023 U.S. dollars Ps. 128,143 Ps. 895 Ps. 5,534 Ps. 71,969 Euros 4,311 — 498 19,404 Other currencies 46 1,311 6 — Total Ps. 132,500 Ps. 2,206 Ps. 6,038 Ps. 91,373 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 Transactions Revenues Other Operating Revenues Purchases of Raw Materials Interest Expense Consulting Fees Asset Acquisitions Share Disposition Other For the year ended December 31, 2023 U.S. dollars Ps. 13,322 Ps. 5,981 Ps. 21,806 Ps. 1,266 Ps. 815 Ps. 40 Ps. — Ps. 5,022 Euros 3,064 1 185 288 782 — 3,120 11 Other currencies 9 2 — — — 3 — — Total Ps. 16,395 Ps. 5,984 Ps. 21,991 Ps. 1,554 Ps. 1,597 Ps. 43 Ps. 3,120 Ps. 5,033 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. — 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. — 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. — 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. — Ps. 2,973 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 15, 2023 2022 2024 U.S. dollar 16.8935 19.3615 16.4583 Euro 18.6896 20.7810 17.7503

Employee Benefits

Employee Benefits	12 Months Ended
	Dec. 31, 2023
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, 2023 December 31, 2022 December 31, 2021 Financial: Discount rate used to calculate the defined benefit obligation 10.20 % 9.90 % 8.00 % Salary increase 4.75 % 4.75 % 4.50 % Future pension increases 3.75 % 3.75 % 3.50 % Healthcare cost increase rate 6.00 % 6.00 % 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 involves 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 2024 Ps. 701 Ps. 359 Ps. 18 Ps. 1,078 2025 400 262 19 681 2026 402 242 20 664 2027 544 234 22 800 2028 549 226 24 799 2029 to 2033 3,888 1,157 155 5,200 17.2 Balances of the liabilities for employee benefits December 31, 2023 December 31, 2022 Pension and Retirement Plans: Defined benefit obligation Ps. 15,560 Ps. 15,113 Pension plan assets at fair value (14,061) (14,324) Effect due to asset ceiling 3,098 3,851 Discontinued operations (195) — Net defined benefit liability Ps. 4,402 Ps. 4,640 Seniority Premiums: Defined benefit obligation Ps. 2,416 Ps. 2,068 Seniority premium plan assets at fair value (123) (128) Discontinued operations (235) — Net defined benefit liability Ps. 2,058 Ps. 1,940 Postretirement Medical Services: Defined benefit obligation Ps. 604 Ps. 556 Medical services plan assets at fair value (95) (88) Discontinued operations (49) — Net defined benefit liability Ps. 460 Ps. 468 Total Employee Benefits Ps. 6,920 Ps. 7,048 17.3 Plan assets Plan assets consist of fixed and variable return financial instruments recorded at fair value (Level 1), which are invested as follows: 2023 2022 Fixed return: Traded securities 4 % 2 % Bank instruments 16 % 13 % Federal government instruments of the respective countries 47 % 52 % Variable return: Publicly traded shares 33 % 33 % 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. The 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, 2023 December 31, 2022 Debt: BBVA Bancomer, S.A de C.V. Ps. 46 Ps. 9 Grupo Industrial Bimbo, S.A.B. de C. V. 18 5 Equity: Grupo Industrial Bimbo, S.A.B. de C. V. 1 — For the years ended December 31, 2023, 2022 and 2021, 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, 2023 and 2022, the plan assets did not include securities of the Company in portfolio funds. 17.4 Amounts recognized in the consolidated income statements, the consolidated statements of comprehensive income and the consolidated statements of changes in equity Consolidated Income Statement AOCI (1) December 31, 2023 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. 489 Ps. 288 Ps. (243) Ps. 367 Ps. 1,311 Seniority premiums 345 21 (21) 178 117 Postretirement medical services 32 13 (14) 45 (29) Total Ps. 866 Ps. 322 Ps. (278) Ps. 590 Ps. 1,399 December 31, 2022 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 (1) Amounts accumulated in other comprehensive income as of the end of the period. For the years ended December 31, 2023, 2022 and 2021, labor costs of Ps. 910, Ps. 854 and Ps. 684 have been included in the consolidated income statements in costs of goods sold, administrative expenses, and selling expenses. Net interest on the defined benefit liability has been included as part of interest expense (Note 19). Remeasurements of the net defined benefit liability recognized in accumulated other comprehensive income are as follows: December 31, 2023 December 31, 2022 December 31, 2021 Amount accumulated in other comprehensive income as of the beginning of the period, net of tax Ps. 1,661 Ps. 2,078 Ps. 2,099 Actuarial (gains) losses arising from exchange rates (100) (77) 11 Remeasurements during the year, net of tax 314 211 744 Actuarial (gains) and losses arising from changes in financial assumptions 223 (1,848) (776) Actuarial (gains) and losses arising from changes in demographic assumptions (4) (71) — Business Acquisitions — 336 — Return on plan assets (92) 713 — Changes in the effect of limiting a net defined benefit asset to the asset ceiling (546) 319 — Effect of settlement (533) — — Amount accumulated in other comprehensive income as of the end of the period, net of tax Ps. 923 Ps. 1,661 Ps. 2,078 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, 2023 December 31, 2022 December 31, 2021 Pension and Retirement Plans: Initial balance Ps. 15,113 Ps. 8,015 Ps. 7,679 Current service cost 489 534 390 Past service cost 288 163 2,881 Interest expense 820 687 527 Gain on settlement (243) (280) (2,884) Remeasurements of the net defined benefit obligation 531 (2,073) (42) Foreign exchange (gain) or loss (48) (79) 28 Benefits paid (1,504) (1,146) (564) Business Acquisitions — 9,189 — Employees contributions 119 103 — Plan amendments (4) — — Discontinued operations (195) — — Ending balance Ps. 15,366 Ps. 15,113 Ps. 8,015 Seniority Premiums: Initial balance Ps. 2,068 Ps. 2,108 Ps. 1,763 Current service cost 345 328 290 Past service cost 21 7 836 Interest expense 191 160 124 Gain on settlement (21) (13) (839) Remeasurements of the net defined benefit obligation 66 (342) 112 Benefits paid (254) (180) (178) Discontinued operations (235) — — Ending balance Ps. 2,181 Ps. 2,068 Ps. 2,108 Postretirement Medical Services: Initial balance Ps. 556 Ps. 647 Ps. 812 Current service cost 32 32 44 Past service cost 13 26 236 Interest expense 54 52 57 Gain on settlement (14) (29) (271) Remeasurements of the net defined benefit obligation 5 (136) (191) Benefits paid (43) (36) (40) Discontinued operations (49) — — Ending balance Ps. 554 Ps. 556 Ps. 647 17.6 Changes in the balance of plan assets December 31, 2023 December 31, 2022 December 31, 2021 Total Plan Assets: Initial balance Ps. 14,540 Ps. 3,170 Ps. 3,001 Actual return on trust assets 522 (695) 152 Foreign exchange loss (150) 60 — Life annuities 6 (3) 17 Business Acquisitions — 12,417 — Benefits paid (731) (533) — Plan amendments (126) (101) — Employees´contributions 102 103 — Employer´s contributions 130 133 — Administration cost (14) (11) — Ending balance Ps. 14,279 Ps. 14,540 Ps. 3,170 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 considers 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: ctualiz +1%: Consolidated 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. 644 Ps. (199) Ps. 250 Ps. 1,289 Seniority premiums 346 (17) 164 108 Postretirement medical services 37 (10) 37 (20) Total Ps. 1,027 Ps. (226) Ps. 451 Ps. 1,377 Expected salary increase Pension and retirement plans Ps. 834 Ps. (227) Ps. 413 Ps. 1,358 Seniority premiums 382 (20) 189 137 Total Ps. 1,216 Ps. (247) Ps. 602 Ps. 1,495 Assumed rate of increase in healthcare costs Postretirement medical services Ps. 52 Ps. (14) Ps. 52 Ps. (39) -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. 830 Ps. (232) Ps. 468 Ps. 1,384 Seniority premiums 387 (19) 194 128 Postretirement medical services 52 (14) 52 (39) Total Ps. 1,269 Ps. (265) Ps. 714 Ps. 1,473 Expected salary increase Pension and retirement plans Ps. 711 Ps. (199) Ps. 313 Ps. 1,327 Seniority premiums 346 (17) 166 102 Total Ps. 1,057 Ps. (216) Ps. 479 Ps. 1,429 Assumed rate of increase in healthcare costs Postretirement medical services Ps. 36 Ps. (9) Ps. 37 Ps. (20) (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, 2023, 2022 and 2021, employee benefits expenses recognized in the consolidated income statements as cost of goods sold, administrative and selling expenses are as follows: 2023 2022 2021 Wages and salaries Ps. 97,751 Ps. 83,433 Ps. 70,238 Social security costs 15,941 13,511 11,737 Employee profit sharing 2,419 2,598 2,035 Post-employment benefits 910 854 684 Share-based payments (Note 15) 943 866 854 Ps. 117,964 Ps. 101,262 Ps. 85,548

Bonus Programs

Bonus Programs	12 Months Ended
	Dec. 31, 2023
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 represent 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. The shares vest ratably over a three year period. 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 non-controlling 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 share-based compensation plan”. 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, 2023, 2022 and 2021, the compensation expense recorded in the consolidated income statement amounted to Ps. 943, Ps. 866 and Ps. 853, 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, 2023 and 2022, 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 2023 2022 2023 2022 Beginning balance 5,723,019 3,672,586 1,860,379 1,701,074 Shares acquired by the administrative trust to employees 4,844,120 4,256,433 1,139,180 1,266,283 Shares released from administrative trust to employees upon vesting (3,283,941) (2,206,000) (1,095,319) (1,106,978) Ending balance 7,283,198 5,723,019 1,904,240 1,860,379 The vesting period corresponding to the shares held by the trust as of December 31, 2023 is 2024-2026.

Bank Loans and Notes Payable

Bank Loans and Notes Payable	12 Months Ended
	Dec. 31, 2023
Bank Loans and Notes Payable [Abstract]
Bank Loans and Notes Payable	Bank Loans and Notes Payable As of December 31, (1) Carrying Fair Carrying Value at Value at Value at (in millions of Mexican pesos) 2024 2025 2026 2027 2028 2029 and Thereafter December 31, 2023 December 31, 2023 December 31, 2022 Short-term debt: Fixed-rate debt: Euros Bank loans Ps. 15 Ps. — Ps. — Ps. — Ps. — Ps. — Ps. 15 Ps. 15 — Interest rate 2.6 % — % — % — % — % — % 2.6 % — — % Argentine pesos Bank loans 72 — — — — — 72 72 Ps. — Interest rate 130.0 % — % — % — % — % — % 130.0 % — % — % Chilean pesos Bank loans 633 — — — — — 633 633 1,072 Interest rate 9.6 % — % — % — % — % — % 9.6 % — 12.3 % Variable-rate debt: Mexican pesos Bank loans 979 — — — — — 979 978 790 Interest rate 13.3 % — % — % — % — % — % 13.3 % — 12.5 % Chilean pesos Bank loans 754 — — — — — 754 754 — Interest rate 9.2 % — % — % — % — % — 9.2 % — % Total short-term debt Ps. 2,453 Ps. — Ps. — Ps. — Ps. — Ps. — Ps. 2,453 Ps. 2,452 Ps. 1,862 (1) All interest rates shown in this table are weighted average contractual annual rates. As of December 31, (1) Carrying Value at December 31, 2023 Fair Value at December 31, 2023 Carrying Value at December 31, 2022⁽¹⁾ 2029 and Thereafter (in millions of Mexican pesos) 2024 2025 2026 2027 2028 Long-term debt: Fixed-rate debt: Euro Senior unsecured notes Ps. — Ps. — Ps. 9,064 Ps. — Ps. 5,473 Ps. 4,451 Ps. 18,988 Ps. 18,088 Ps. 24,563 Interest rate — % — % 2.6 % — % 0.5 % 1.0 % 1.6 % — 0.8 % Promissory notes 616 — — 168 — 280 1,064 1,064 2,448 Interest rate 1.1 % — % — % 2.1 % — % 2.4 % 1.3 % — 1.4 % Swiss franc — Promissory notes 463 — — — — — 463 463 482 Interest rate 0.8 % — % — % — % — % — % 0.8 % — 0.8 % U.S. dollars Yankee bond (2) — — — — — 36,352 36,352 33,719 41,429 Interest rate — % — % — % — % — % 3.1 % 3.1 % — 3.1 % Bank of NY (FEMSA USD 2023) — — — — — — — — 5,808 Interest rate (1) — % — % — % — % — % — % — % — 2.9 % Bank of NY (FEMSA USD 2043) — — — — — 7,121 7,121 6,379 13,405 Interest rate (1) — % — % — % — % — % 4.4 % 4.4 % — 4.4 % Bank of NY (FEMSA USD 2050) — — — — — 26,162 26,162 19,917 48,170 Interest rate (1) — % — % — % — % — % 3.5 % 3.5 % — 3.5 % Bank loans 1,968 115 — — — — 2,083 2,083 2,320 Interest rate 3.6 % 6.7 % — % — % — % — % 3.8 % — 5.1 % Mexican pesos (CEBUR MXN L22-2L) — — — — — 8,434 8,434 8,678 8,436 Interest rate (1) — % — % — % — % — % 9.7 % 9.7 % — 9.7 % Domestic senior notes — — — 8,495 9,960 5,491 23,946 22,439 31,438 Interest rate — % — — 7.9 % 7.4 % 10.0 % 8.1 % — 7.5 % Bank loans 184 24 91 194 151 — 644 644 429 Interest rate 11.0 % 8.7 % 9.5 % 12.0 % 12.8 % — % 11.4 % — 10.0 % Brazilian reais Bank loans 21 — — — — — 21 21 56 Interest rate 6.9 % — % — % — % — % — % 6.9 % — 7.0 % Chilean pesos Bank loans 27 — — — — — 27 27 317 Interest rate 9.3 % — % — % — % — % — % 9.3 % — 1.2 % Uruguayan pesos Bank loans — — — — — — — — 976 Interest rate — % — % — % — % — % — % — % — 6.3 % Subtotal Ps. 3,279 Ps. 139 Ps. 9,155 Ps. 8,857 Ps. 15,584 Ps. 88,291 Ps. 125,305 Ps. 113,522 Ps. 180,277 (1) All interest rates shown in this table are weighted average contractual annual rates. As of December 31, (1) Carrying Value at December 31, 2023 Fair Value at December 31, 2023 Carrying Value at December 31, 2022⁽¹⁾ 2029 and Thereafter (in millions of Mexican pesos) 2024 2025 2026 2027 2028 Variable-rate debt: Euro Promissory notes Ps. 1,700 Ps. — Ps. — Ps. — Ps. — Ps. — Ps. 1,700 Ps. 1,700 Ps. 2,560 Interest rate 4.8 % — % — % — % — % — % 4.8 % — 1.1 % Swiss franc Promissory notes 603 — — — — — 603 603 691 Interest rate 2.1 % — % — % — % — % — % 2.1 % — 0.8 % Mexican pesos (CEBUR MXN L22) — — — 826 — — 826 832 827 Interest rate (1) — % — % — % 11.6 % — % — % 11.6 % — 10.9 % Domestic senior notes — 1,728 2,925 — — — 4,653 4,650 4,650 Interest rate (1) — % 11.6 % 11.6 % — % — % — % 11.6 % — 10.4 % Bank Loans 410 10 — 434 416 — 1,270 1,270 542 Interest rate (1) 12.8 % 13.7 % — % 13.6 % 12.7 % — % 13.0 % — 12.9 % Brazilian reais Bank loans 6 6 2 — — — 14 14 28 Interest rate 8.8 % 8.9 % 8.9 % — % — % — % 8.9 % — 9.8 % Colombian pesos Bank loans — — — — — — — — 33 Interest rate — % — % — % — % — % — % — % — 5.9 % Chilean pesos Bank loans — — — — — — — — 271 Interest rate — % — % — % — % — % — % — % — 4.9 % Subtotal Ps. 2,719 Ps. 1,744 Ps. 2,927 Ps. 1,260 Ps. 416 Ps. — Ps. 9,066 Ps. 9,069 Ps. 9,602 Total long-term debt Ps. 5,998 Ps. 1,883 Ps. 12,082 Ps. 10,117 Ps. 16,000 Ps. 88,291 Ps. 134,371 Ps. 122,591 Ps. 189,879 Current portion of long-term debt (5,998) (16,479) Ps. 136,824 Ps. 191,741 (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, the Company applied hedging to a portion of the Senior Notes of US$ 705, which are linked to an interest rate swap. Starting in 2022, the hedging gain or loss adjust the carrying amount of the hedged item and is recognized in the consolidated income statement under “Market value (gain) loss in financial instruments”. During the year ended December 31, 2023, the Company recognized a loss of Ps. 371 in the consolidated 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. 2029 and Total Total Hedging Derivative Financial Instruments (1) 2024 2025 2026 2027 2028 Thereafter 2023 2022 (notional amounts in millions of Mexican pesos) ` Cross-currency swaps: U.S. dollars to Mexican pesos Fixed to a variable (3) (4) Ps. — Ps. — Ps. — Ps. — Ps. — 6,031 Ps. 6,031 Ps. 15,082 Interest pay rate — % — — — — 56.1 % 56.1 % 7.4 % Interest receive rate — % — — — — 3.6 % 3.6 % 3.9 % Fixed to fixed — — — — — 10,000 10,000 11,743 Interest pay rate — % — — — — 8.9 % 8.9 % 8.8 % Interest receive rate — % — — — — 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 — — — — 6,009 4,931 10,940 22,130 Interest pay rate — — — — 1.7 % 2.1 % 1.9 % 2.4 % Interest receive rate — — — — 0.5 % 1.0 % 0.7 % 3.5 % U.S. dollars to Brazilian reais Fixed to variable — — — 4,223 1,689 — 5,912 6,777 Interest pay rate — — — 12.4 % 2.8 % — 11.6 % 11.5 % Interest receive rate — — — 2.1 % 2.8 % — 2.3 % 2.1 % Fixed to fixed 8,109 — — — — — 8,109 9,294 Interest pay rate 8.0 % — — — — — 8.0 % 11.5 % Interest receive rate 2.8 % — — — — — 2.8 % 3.2 % Colombian pesos Fixed to fixed — — — — 987 — 987 1,476 Interest pay rate — % — — — 6.3 % — 6.3 % 6.8 % Interest receive rate — % — — — 2.8 % — 2.8 % 2.6 % Interest rate swaps: Fixed to variable rate: — — — — — 8,447 8,447 9,681 Interest pay rate — — — — — 5.7 % 5.7 % 5.0 % Interest receive rate — — — — — 1.9 % 1.9 % — % Variable to a fixed rate: 1,943 — — — — — 1,943 2,905 Interest pay rate 3.6 % — % — — — — 3.6 % 4.1 % Interest receive rate 1.9 % — % — — — — 1.9 % 1.9 % Variable to fixed rate (3) : Interest pay rate — — — — — — — 7.2 % Interest receive rate — — — — — — — 7.0 % Total 10,052 — — 4,223 8,685 29,409 52,369 79,088 (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.6,031, 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.8,447 that receive a variable rate of 7.0% and pay a fixed rate of 7.2%; joined with a cross-currency swaps, which covers U.S. dollars to Mexican pesos, that receives a fixed rate of 4.4% and pay a variable rate of 9.4%. (4) In 2023, the Company had an unwind of part of its cross currency swaps related with the debt prepayment. For the years ended December 31, 2023, 2022 and 2021, the interest expense is comprised as follows: 2023 2022 (Revised) 2021 (Revised) Interest on debts and borrowings Ps. 8,555 Ps. 8,129 Ps. 9,356 Interest expense charges for employee benefits (Note 17.4) 590 553 476 Derivative instruments (1,891) 1,795 1,970 Finance operating charges 821 (413) (290) Interest expense for leases liabilities (Note 12) 6,841 5,789 5,118 Ps. 14,916 Ps. 15,853 Ps. 16,630 For the years ended December 31, 2023, 2022 and 2021, the interest income is comprised as follows: 2023 2022 (Revised) 2021 (Revised) Tender Offer gain Ps. 6,961 Ps. — Ps. — Interest on investments 9,566 3,782 1,465 Finance operating products 514 — — Others 568 (13) 23 Ps. 17,609 Ps. 3,769 Ps. 1,488 On May 7, 2013, the Company issued long-term debt on the NYSE (Yankee Bond) in the amount of U.S. $1,000, which was made up of senior notes of U.S. $300 with a maturity of 10 years and a fixed interest rate of 2.875%; and senior notes of U.S. $700 with a maturity of 30 years and a fixed interest rate of 4.375%. In March 2023, the Company made a tender offer in international markets for a principal amount of U.S. $147 related to this Yankee Bond, with a settlement price of U.S. $130, 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 consolidated income statement, representing a gain of Ps. 346. Then, in May 2023, the Company paid the senior notes of U.S. $300 which became to maturity. Finally, in November 2023, the Company made an additional tender offer for a principal amount of U.S. $127 related to the same senior notes. On March 14, 2016, the Company issued long-term debt on the Irish Stock Exchange (“ISE”) in the amount of €.1,000, 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, 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 consolidated income statement. As a result of this transaction, the net investment hedge was discontinued without any effects in the consolidated 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. On January 16, 2020, the Company issued U.S. $1,500 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 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 with an implied yield to maturity of 3.577%. In June 2020, the Company issued U.S. $700 3.500% Senior Unsecured Notes due 2050 with an implicit weighted performance of 3.358%. In March 2023, the Company made a tender offer in international markets for a principal amount of U.S. $943 related with these senior notes, with a settlement price of U.S. $715, 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 consolidated income statement, representing a gain of Ps. 4,199. The Company has designated a portion of these non-derivative financial liabilities as a hedge on the net investment. During 2023, the Company divested its investments in JRD and Envoy; as a result of these transactions, the net investment hedge was discontinued, recycling the effects of Envoy’s hedge in the consolidated income statements, which amount to a gain of Ps. 3,910; while in the case of JRD’s hedge, it remained in other comprehensive income, as this investment was classified as FVOCI, which amount to a gain of Ps. 1,188. In April 2021, the Company issued €. 500 and €. 700 in debt certificates at a fixed rate of 1.0%, maturing in 2033 and 0.5% maturing in 2028, respectively. In March 2023, the Company made a tender offer in international markets for a principal amount of €404 in debt securities maturing in 2028 and €259 in debt securities maturing in 2033, with a settlement price of €347 for maturing in 2028 and €197 for maturing in 2033, 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 consolidated income statement, representing a gain of Ps. 2,416. On May 21, 2021, this non-derivative financial liability was designated as a hedge of the net investment in Heineken. During 2023, the Company divested its investment in Heineken. Therefore, the net investment hedge was discontinued, recycling the effects of Heineken’s hedge in the consolidated income statements, which amount to a gain of Ps. 5,763 (See Note 4.3.1). In November 2022, the Company issued Ps. 8,446 and Ps. 827 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. The bond’s interest rate depends on the Company achieving key performance indicators, and in the event that such indicators are not met by the dates established in the offering documents, (2027 and 2032), the interest rate on the will increase by 25 basis points. As of December 31, 2023 the Company continues monitoring and expects to meet these key performance indicators. 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 in senior notes maturing in 2028, and €500 in senior notes maturing in 2033. In February 2023, as part of Heineken Offering shares, 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. See Note 14.2. Coca-Cola FEMSA has the following bonds: a) registered with the Mexican stock exchange: i) Ps. 8,500 (nominal value) with a maturity in 2027 and a fixed interest rate of 7.87%; ii) Ps. 1,727 (nominal value) with a maturity date in 2025 and a floating interest rate of Equilibrium Interbank Interest Rate ("TIIE") + 0.08%; iii) Ps. 3,000 (nominal amount) with a maturity date in 2028 and fixed interest rate of 7.35%, iv) Ps. 6,965 (nominal amount) on a Sustainability-Linked Bond ("SLB") with a maturity date in 2028 and fixed rate of 7.36%, and v) Ps. 2,435 (nominal amount) on an SLB with a maturity date in 2026 and floating rate of TIIE + 0.05%, vi) Ps.5,500 (nominal amount) with a maturity date in 2029 and a fixed rate of 9.95%, vii) 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., and Yoli de Acapulco, S. de R.L. de C.V. (the “Guarantors”). 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. As of December 31, 2023 Coca-Cola FEMSA continues monitoring and expects to meet these key performance indicators. 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). The amounts shown on the first paragraph already consider these repurchases. 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. During the second quarter of 2023, the Company paid on the maturity date May,12,2023 a Certificado Bursátil for i) Ps. 7,500 (nominal value) and a fixed interest rate of 5.46%. Additionally, during 2023, the Company obtained bank loans in Argentina for Ps. 73. 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 equity 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, 2023 Cash Flows Non-cash effects December 31, 2023 Foreign Business New leases Exchange Others (1) Acquisitions / Disposal Income (Loss) Bank loans Ps. 12,893 Ps. (1,526) Ps. 3 Ps. — Ps. (852) Ps. — Ps. 10,518 Notes payable 178,848 (30,657) — — (15,364) (6,521) 126,306 Total liabilities from financing activities 191,741 (32,183) 3 — (16,216) (6,521) 136,824 Lease liabilities 93,317 (16,171) 48 20,698 (1,891) 72 96,073 Total financing activities Ps. 285,058 Ps. (48,354) Ps. 51 Ps. 20,698 Ps. (18,107) Ps. (6,449) Ps. 232,897 (1) Includes mainly remeasurements of leases, and amortized costs. Carrying Value at Carrying January Value at 1, 2022 Cash Flows (2) Non-cash effects December 31, 2022 Foreign Acquisition New leases Exchange Others (1) Income (Loss) Bank loans Ps. 7,580 Ps. (415) Ps. 6,181 Ps. — Ps. (78) Ps. (375) Ps. 12,893 Notes payable 183,005 6,718 — — (8,957) (1,919) 178,848 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. (2) Cash flows of Total liabilities from financing activities include Ps. 5,973 from continuing operations and Ps. 330 from discontinued operations. Carrying Value at Carrying January Value at 1, 2021 Cash Flows (2) 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 liabilities from financing activities 246,973 (11,184) 1,540 7,871 (123) 7,863 252,940 (1) Includes mainly remeasurements of leases, and amortization of transaction costs. (2) Cash flows of Total liabilities from financing activities include Ps. 1,146 from continuing operations and Ps. (5) from discontinued operations.

Other Income and Expenses

Other Income and Expenses	12 Months Ended
	Dec. 31, 2023
Other Income and Expenses, 1 [Abstract]
Other Income and Expenses	Other Income and Expenses 2023 2022 (Revised) 2021 (Revised) Gain on sale of other assets Ps. 473 Ps. — Ps. 968 Gain on sale of long-lived assets 400 301 176 Sale of waste material — 2 13 Insurance rebates 279 64 32 Foreign exchange gain 815 124 — Other investment in shares (4) 3,311 — — Recoveries of prior years taxes (1) 483 354 809 Investment in equity instruments (5) (6) 6,785 113 3,245 Other investments 415 — — Others 141 93 323 Other income Ps. 13,102 Ps. 1,051 Ps. 5,566 Recoveries of prior years Ps. 958 Ps. 9 Ps. 41 Impairment of long-lived assets (2) 1,248 833 1,427 Disposal of long-lived assets (3) 466 389 534 Contingencies, net (Note 26) 1,110 456 244 Severance payments 998 224 357 Donations 711 512 425 Legal fees and other expenses from past acquisitions — 210 112 Foreign exchange loss — — 84 Items without tax requirements 139 96 167 Interest and penalties of previous years taxes 385 — — Other 237 167 334 Other expenses Ps. 6,252 Ps. 2,896 Ps. 3,725 (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 "other income" captions of the consolidated income statements. See Note 25.1.1. (2) Includes impairment losses in Health Division related with the Company's operation in Ecuador for an amount of Ps. 596 and Ps. 770 in 2023 and 2022, respectively; due to market conditions; as well as an impairment loss in Mexico for an amount of Ps. 480 in 2023 related with a challenging competitive environment. Additionally, the Company recognized impairment losses in Coca-Cola FEMSA for its investment in Alimentos de Soja S.A.U. for an amount of Ps. 143 in 2023, as well as its investmet in Trop Frutas Do Brasil LTDA. for an amount of Ps. 256 in 2021. (3) Charges related to fixed assets retirement from ordinary operations and other long-lived assets. (4) Related to dividends received from Heineken. (5) During 2021, the Company received dividends related to its investment in Jetro Restaurant Depot. (6) In 2023, the Company sold its investment in Jetro Restaurant Depot.

Financial Instruments

Financial Instruments	12 Months Ended
	Dec. 31, 2023
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, 2023, and 2022: December 31, 2023 December 31, 2022 Level 1 Level 2 Level 1 Level 2 Financial instruments (current asset) 228 203 351 9,710 Financial instruments (non-current asset) 14,279 11,394 14,540 21,201 Financial instruments (current liability) 202 536 64 404 Financial instruments (non-current liability) — 8,653 — 5,651 21.1 Total debt The fair value of bank loans and notes payable 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, 2023 and 2022, which is considered to be level 1 in the fair value hierarchy. December 31, 2023 December 31, 2022 Carrying value Ps. 136,824 Ps. 191,741 Fair value 125,043 163,312 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. As of December 31, 2023, the Company has the following outstanding interest rate swap agreements: Notional Fair Value Liability Fair Value Asset Maturity Date Amount December 31, 2023 December 31, 2023 2024 Ps. 2 Ps. — Ps. 65 2032 8,447 (1,381) — As of 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) — 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 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 the foreign currency is received. As of December 31, 2023, the Company had the following outstanding forward agreements to purchase foreign currency: Notional Fair Value Liability Fair Value Asset Maturity Date Amount December 31, 2023 December 31, 2023 2024 Ps. 11,449 Ps. (573) Ps. 36 As of 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 — — 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 and interest rate. 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. As of December 31, 2023, the Company had the following outstanding cross–currency swap agreements: Notional Fair Value Liability Fair Value Asset Maturity Date Amount December 31, 2023 December 31, 2023 2024 Ps. 954 Ps. (35) Ps. 103 2025 49,834 (2) 119 2026 6,045 (1,017) 98 2027 8,949 (1,391) 9 2028 6,009 — 89 2029 20 — 337 2030 13,633 (803) — 2032 845 (51) — 2033 4,931 — 117 2035 10,000 (3,809) — 2043 5,398 — 1,877 2050 3,471 — 1,235 As of 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 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. As of December 31, 2023, Coca-Cola FEMSA had the following sugar price contracts: Notional Fair Value Liability Fair Value Asset Maturity Date Amount December 31, 2023 December 31, 2023 2024 Ps. 2,593 Ps. (130) Ps. 206 2025 745 (72) — As of 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 As of December 31, 2023, Coca-Cola FEMSA had the following aluminum price contracts: Notional Fair Value Liability Fair Value Asset Maturity Date Amount December 31, 2023 December 31, 2023 2024 Ps. 647 Ps. — Ps. 21 As of 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 21.6 Convertible Bond (Embedded derivative) As described in Note 19, in February 2023, the Company issued a convertible bond for EUR 500 million linked with the remaining Heineken economic interest (see Note 10), which is recognized as a liability component and embedded derivative (option). The bond (liability) is booked on an amortized cost basis, while the written option is measured at fair value with Mark to Market changes recognized in the consolidated income statements. At the settlement date, depending on the decision of the bondholders, the convertible bond and the embedded derivative will be canceled against cash or Heineken Holding N.V. shares. As of December 31, 2023, the fair value of the option amounted to Ps. 128. 21.7 Net effects of expired contracts that met hedging criteria Impact in Consolidated Income Statement 2023 2022 2021 Cross-currency swaps (1) Interest expense Ps. (392) Ps. 1 Ps. — Cross-currency swaps (1) Foreign exchange (747) (5) — Interest rate swaps Interest expense — — — Forward agreements to purchase foreign currency Foreign exchange 180 565 41 Commodity price contracts Cost of goods sold 430 599 1,245 Options to purchase foreign currency Cost of goods sold — — — Forward agreements to purchase foreign currency Cost of goods sold (1,834) (681) (788) (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 2023 2022 2021 Cross currency swaps and interest rate swaps Market value gain (loss) on financial instruments Ps. 141 Ps. (2,270) Ps. 80 21.9 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. 21.9.1 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 2023 FEMSA (1) +11% MXN/USD Ps. 9 ‑11% MXN/USD (9) +7% CHF/EUR 78 ‑7% CHF/EUR (78) +7% EUR/USD (6) ‑7% EUR/USD 6 Coca-Cola FEMSA +11% MXN/USD 465 ‑11% MXN/USD (465) +12% BRL/USD 521 ‑12% BRL/USD (521) +16% COP/USD 225 ‑16% COP/USD (225) Change in Foreign Currency Risk Exchange Rate Effect on Equity +120% ARS/USD 685 ‑120% ARS/USD (685) +5% UYU/USD 20 ‑5% UYU/USD (20) +7% CRC/USD 15 -7% CRC/USD (15) 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) (1) Does not include Coca-Cola FEMSA. Change in Cross Currency Swaps (1) Exchange Rate Effect on Equity Effect on Profit or Loss 2023 FEMSA (2) +14% CLP/USD Ps. — Ps. 678 ‑14% CLP/USD — (678) +11% MXN/USD — 1,796 ‑11% MXN/USD — (1,796) +16% COP/USD — 425 ‑16% COP/USD — (425) +12% BRL/USD — 34 ‑12% BRL/USD — (34) +8% EUR/USD — 742 ‑8% EUR/USD — (742) Coca-Cola FEMSA +11% MXN/USD 1,314 — ‑11% MXN/USD (1,314) — +12% BRL/USD 1,683 — ‑12% BRL/USD (1,683) — 2022 FEMSA (2) +21% CLP/USD Ps. — Ps. 966 ‑21% CLP/USD — (996) +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 (2) +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) +6% EUR/USD — 1,049 ‑6% EUR/USD — (1,049) Coca-Cola FEMSA +11% MXN/USD 1,645 — ‑11% MXN/USD (1,645) — +16% BRL/USD 2,300 — ‑16% BRL/USD (2,300) — (1) Includes the sensitivity analysis effects of all derivative financial instruments related to foreign exchange risk. (2) Does not include Coca-Cola FEMSA. Change in Net Cash in Foreign Currency Exchange Rate Effect on Profit or Loss 2023 FEMSA (1) +11% EUR/ +11 % USD Ps. 14,617 ‑11% EUR/ -11 % USD (14,617) Coca-Cola FEMSA +11% USD 1,797 ‑11% USD (1,797) 2022 FEMSA (1) +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 (1) +10% EUR/ +11 % USD Ps. 4,931 ‑10% EUR/ -11 % USD (4,931) Coca-Cola FEMSA +11% USD 3,200 ‑11% USD (3,200) (1) Does not include Coca-Cola FEMSA. Change in Commodity Price Contracts U.S.$ Rate Effect on Equity 2023 Coca-Cola FEMSA Sugar -29 % Ps. (765) Alumimum -22 % Ps. (2,812) 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) 21.9.2 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 2023 FEMSA (2) (100 Bps.) Ps. (9) 2022 FEMSA (2) (100 Bps.) Ps. (90) 2021 FEMSA (2) (100 Bps.) Ps. (212) (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 2023 2022 2021 Change in interest rate +100 Bps. +100 Bps. +100 Bps. Effect on profit loss Ps. (250) Ps. (249) Ps. (627) 21.9.3 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, 2023 and 2022, 55.0% and 46.5%, 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 management of the Company is accountable 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. The Company 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 the Company operates 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, 2023, 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, 2023. 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 lease liabilities) without fixed amount or timing are based on economic conditions (like interest rates and foreign exchange rates) existing on December 31, 2023. 2024 2025 2026 2027 2028 2029 and thereafter Total Non-derivative financial liabilities: Notes and bonds Ps. — Ps. 1,728 Ps. 11,989 Ps. 9,321 Ps. 15,433 Ps. 88,010 Ps. 126,481 Loans from Banks 8,452 155 93 796 567 280 10,343 Derivative financial liabilities (307) 45 (919) (1,382) 89 (2,478) (4,952) The Company generally makes payments associated with its non-current financial liabilities with cash generated from its operations. 21.9.4 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 consolidated statement of financial position at December 31, 2023 and 2022 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, 2023, 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. 21.10 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, 2023, 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 3,049 1,781 — Average exchange rate MXN/USD 18.39 18.40 — Net exposure 2,486 1,370 — Average exchange rate BRL/USD 5.10 5.07 — Net exposure 757 334 — Average exchange rate COP/USD 4,436 4,316 — Net exposure 150 — — Average exchange rate ARS/USD 668.06 — — Net exposure 344 163 — Average exchange rate URY/USD 40.18 40.66 — Net exposure 154 117 — Average exchange rate CRC/USD 558.89 556.00 — Net exposure — — — Average exchange rate ARS/MXN — — — Foreign exchange currency swap contracts Net exposure — — 43,095 Average exchange rate MXN/USD — — 17.77 Net exposure 174 — 14,022 Average exchange rate BRL/USD 4.81 — 5.05 Net exposure — 1,109 1,822 Average exchange rate COP/USD — 3,601.94 3,743.16 Net exposure — 286,246 2,082 Average exchange rate CLP/USD — 870.50 764.40 Net exposure — — 10,939 Average exchange rate EUR/USD — — 1.09 Interest rate risk Interest rate swaps Net exposure — — 8,447 Interest rate average BRL — — 0.16 % Net exposure — — — Interest rate average MXN — — — Net exposure — 2 — Interest rate average CLP — 3.57 % — Net exposure — — — Interest rate average USD — — — Commodities risk Aluminum 298 349 — Average price (USD/Ton) 2,304 2,364 — Sugar 1,703 890 745 Average price (USD cent/Lb) 22.43 22.18 22.62 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 Ps. 3,405 Ps. 2,485 Ps. 2 Average exchange rate MXN/USD 20.71 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 19.00 18.11 Net exposure — 9,294 6,874 Average exchange rate BRL/USD — 4.00 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 — Maturity 1‑6 months 6‑12 months More than 12 Sugar 1,058 631 468 Average price (USD cent/Lb) 17.62 17.08 17.14 As of December 31, 2023, 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. 1,881 Cash flows hedges Fair value changes: Foreign exchange currency risk – Purchase of stock (1,950) Foreign exchange currency risk – Other stock (360) Interest rate risk 64 Commodity price contracts – Purchase of stock 145 The amounts reclassified to profit and loss: Foreign exchange currency risk – Other stock 2,671 Interest rate risk 201 The amounts included in non-financial costs: Foreign exchange currency risk – Purchase of stock 1,806 Commodity price contracts – Purchase of stock (363) Taxes due to changes in reserves during the period (3,140) Balances at the end of the period Ps. 956 21.11 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, 2023 and 2022, the financial assets recognized in the consolidated statement of financial position have a total value of Ps. 0 and Ps. 5, respectively. 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 Cross-currency swaps Interest rate swaps Commodity price contracts Equity holders of the parent Non-controlling interest Total As at January 1, 2022 Ps. (124) Ps. 3,403 Ps. (34) 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. 2,049 Ps. 111 Ps. 22 Ps. 1,958 Ps. (77) Ps. 1,881 Financial instruments – purchases (350) 50 — (59) (359) (608) (967) Change in fair value of financial instruments recognized in OCI (595) (1,514) 64 128 (1,917) (2,078) (3,995) Amount reclassified from OCI to profit or loss 848 2,698 201 (171) 3,576 746 4,322 Foreign currency revaluation of the net foreign operations — 1,277 — — 1,277 1,577 2,854 Effects of changes in foreign exchange rates 2 — — (1) 1 — 1 Tax effect 45 (3,335) (19) 33 (3,276) 136 (3,140) As at December 31, 2023 Ps. (273) Ps. 1,224 Ps. 357 Ps. (48) Ps. 1,260 Ps. (304) Ps. 956

Non-Controlling Interest in Con

Non-Controlling Interest in Consolidated Subsidiaries	12 Months Ended
	Dec. 31, 2023
Non-Controlling Interest In Consolidated Subsidiaries [Abstract]
Non-Controlling Interest in Consolidated Subsidiaries	Non-Controlling Interest in Consolidated Subsidiaries An analysis of FEMSA’s non-controlling interest in its consolidated subsidiaries as of December 31, 2023 and 2022 is as follows: December 31, 2023 December 31, 2022 Coca-Cola FEMSA Ps. 73,151 Ps. 72,128 Proximity Americas Division 1,046 1,004 Envoy Solutions — 1,777 Other 312 288 Ps. 74,509 Ps. 75,197 The changes in the FEMSA’s non-controlling interest were as follows: 2023 2022 2021 Balance at beginning of the period Ps. 75,197 Ps. 72,516 Ps. 69,444 Net income of non-controlling interest 10,988 10,834 9,183 Other comprehensive loss: (3,465) (2,198) (368) Exchange differences on translation of foreign operation (3,325) (1,558) (1,342) Remeasurements of the net defined benefits liability 87 173 (36) Valuation of the effective portion of derivative financial instruments (227) (813) 1,010 Dividends (6,551) (6,176) (5,729) Share based payment 22 (57) (14) Other acquisitions and remeasurements — 5 — Repurchase of non-controlling interests — (79) — Contribution from non-controlling interest — 352 — Disposals of businesses (Envoy and others) (1,682) — — Balance at end of the period Ps. 74,509 Ps. 75,197 Ps. 72,516 Non-controlling interest’s accumulated other comprehensive loss is comprised as follows: December 31, 2023 December 31, 2022 Exchange differences on translation foreign operation Ps. (12,882) Ps. (9,557) Remeasurements of the net defined benefits liability (335) (422) Valuation of the effective portion of derivative financial instruments (307) (80) Accumulated other comprehensive loss Ps. (13,524) Ps. (10,059) Coca-Cola FEMSA shareholders, especially the Coca-Cola Company which holds Series D shares, have some protective rights about investing in or disposing of significant businesses. However, these rights do not limit the continued normal operations of Coca-Cola FEMSA. Summarized financial information in respect of Coca-Cola FEMSA is set out below: December 31, 2023 December 31, 2022 Total current assets Ps. 67,738 Ps. 79,212 Total non-current assets 205,782 198,783 Total current liabilities 54,916 57,960 Total non-current liabilities 84,899 88,159 Total revenue Ps. 245,088 Ps. 226,740 Consolidated net income 20,226 19,626 Consolidated comprehensive income for the year, net of tax Ps. 14,104 Ps. 15,767 Net cash flows generated from operating activities 42,289 35,491 Net cash flows used in investing activities (20,070) (19,597) Net cash flows used in financing activities (26,352) (20,847) 22.1 Options from past business acquisitions Open Market - The former controlling shareholders of Open Market retain a put option for their remaining 20% non-controlling interest that can be exercised (i) at any time after the acquisition date (December 27, 2016) upon the occurrence of certain events and (ii) annually from January through April, after the third anniversary of the acquisition date (i.e. 2019). In any event, the Company through one of its subsidiaries can call the remaining 20% non-controlling interest annually from January through April, after the fifth anniversary of the acquisition date (i.e. 2021). Both options would be exercisable at the then fair value of the interest and shall remain indefinitely.

Equity

Equity	12 Months Ended
	Dec. 31, 2023
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, 2023 and 2022, 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, 2023, 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 As of December 31, 2022, 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, 2023 and 2022, this reserve amounted to Ps. 596 and accordingly, has not reached 20% of the capital stock. 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 (Cuenta de Capital de Aportación “CUCA”) and when the distributions of dividends come from net taxable income, denominated Cuenta de Utilidad Fiscal Neta (“CUFIN”). Dividends paid in excess of 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. The sum of the individual CUFIN balances of FEMSA and its subsidiaries as of December 31, 2023 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 from 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 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 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. At an ordinary shareholders’ meeting of FEMSA held on March 31, 2023, the shareholders approved a dividend of Ps.12,247 that was paid 50% on May 8, 2023, and the other 50% on November 7, 2023; and a reserve for share repurchase of a maximum of Ps. 17,000. During 2023, the Company started its Share Repurchase Program, reacquiring 381,300 BD Units which are held as Treasury shares. The Company expects to maintain these shares in the Treasury for one year and subsequently cancel them. Treasury shares from the share-based payment bonus plan are disclosed in Note 18. At an ordinary shareholders’ meeting of Coca-Cola FEMSA held on March 27, 2023, the shareholders approved a dividend of Ps. 12,185 that was paid 50% on May 3, 2023, and the other 50% on November 3, 2023. The corresponding payment to the non-controlling interest was Ps. 6,431. For the years ended December 31, 2023, 2022 and 2021 the dividends declared and paid by the Company and Coca-Cola FEMSA were as follows: 2023 2022 2021 FEMSA Ps. 12,247 Ps. 11,358 Ps. 7,687 Coca-Cola FEMSA (100% of dividend) 12,185 11,407 10,588 For the years ended December 31, 2023, 2022 and 2021 the dividends declared and paid per share by the Company are as follows: Series of Shares 2023 2022 2021 “B” Ps. 0.61070 Ps. 0.56600 Ps. 0.38333 “D” 0.76340 0.70850 0.47917 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 adjusts 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, 2023, 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, 2023 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 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, 2023
Earnings per share [abstract]
Earnings per Share	Earnings per Share Basic 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). 2023 2022 2021 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 9,239.73 8,617.94 9,241.72 8,625.92 9,242.88 8,630.54 Effect of dilution associated with non-vested shares for share based payment plans 6.69 26.78 4.70 18.79 3.54 14.17 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 from continuing operations 1.67 2.09 1.12 1.40 1.01 1.26 Diluted earnings per share from continuing operations 1.67 2.09 1.12 1.40 1.01 1.26 Basic earnings per share from discontinued operations 1.61 2.02 0.07 0.09 0.41 0.52 Diluted earnings per share from discontinued operations 1.61 2.01 0.07 0.09 0.41 0.52 Allocation of earnings, weighted 46.11 % 53.89 % 46.11 % 53.89 % 46.11 % 53.89 % Net controlling interest income allocated from continuing operations Ps. 15,425 Ps. 18,026 Ps. 10,369 Ps. 12,117 Ps. 9,329 Ps. 10,902 Net controlling interest income allocated from discontinued operations Ps. 14,865 Ps. 17,373 Ps. 656 Ps. 767 Ps. 3,811 Ps. 4,453

Taxes

Taxes	12 Months Ended
	Dec. 31, 2023
Taxes [Abstract]
Taxes	Taxes 25.1 Recoverable taxes Recoverable taxes are mainly the result of higher interim payments of value added tax and income tax in Mexico during 2023 compared to the current year's provision, which will be offset in future years. Operations in Guatemala, Panama, Nicaragua, and Colombia are subject to a minimum tax. In Guatemala and Colombia, this tax is recoverable only under certain circumstances. Guatemala's tax base is determined by considering the greater of total assets and net income; in Colombia, the taxable base is stockholders' equity. 25.1.1 Exclusion of the State Value Added Tax ("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, the Company's subsidiaries 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 2023, 2022 and 2021, , the Company recorded in other operating revenues in the consolidated income statement the effects of the administrative formalities concluded (see Note 20). As of December 31, 2023 and 2022 the amount of recoverable taxes in Brazil including PIS and COFINS is Ps. 745 and Ps. 1,060, respectively. 25.2 Taxation of beverages As of December 31, 2023, all the countries where the Company operates, with the exception of Panama, impose value added tax on the sale of carbonated beverages, with a rate of 16.0% in Mexico, 12.0% in Guatemala, 15.0% in Nicaragua, 13% in Costa Rica, 19.0% in Colombia, 21.0% in Argentina, 22.0% in Uruguay, and in Brazil 16.0% in the state of Rio de Janeiro, 17.0% in the states of Goiás and Santa Catarina, 18.0% in the states of São Paulo, Minas Gerais and Paraná, and 20.0% in the states of Mato Grosso do Sul and Rio Grande do Sul. The states of Rio de Janeiro, Goiás and Paraná also charge an additional 2.0% on sales as a contribution to a poverty eradication fund. In Brazil, value-added tax is calculated and added, along with federal sales tax, to the tax base. The Company is also responsible for collecting and paying the tax for its retailers in Brazil. This is calculated based on a survey conducted by each state's government. In 2023, the Company collected 16.3% of its net sales taxes. Several of the countries in which the Company operates impose excise duties or other taxes, as follows: • Mexico imposes a special tax on the production, sale and import of beverages with added sugar and high fructose corn syrup, which from January 1, to December 31, 2023 the excise tax was Ps.1.5086 per liter. This excise tax applies only to the first sale, and we are responsible for collecting and paying it. As of January 1, 2024, the excise duty was equal to Ps.1.5737 per liter. This excise tax rate will be in effect until December 31, 2024, and thereafter will be subject to an annual increase based on the previous year's inflation rate. • Guatemala imposes an excise tax of 18 cents in local currency (Ps.0.40 as of December 31, 2023) per liter of carbonated beverage. • Costa Rica imposes a specific tax on non-alcoholic carbonated bottled beverages based on the combination of packaging and flavor, currently assessed at 21.07 colones (Ps.0.68 as of December 31, 2023) per 250 ml, and an excise tax (which is a contribution to the National Institute of Rural Development) currently assessed at 7,254 colones (approximately Ps.0.23 as of December 31, 2023) per 250 ml. • Nicaragua imposes a 15.0% tax on beverages, except water, and municipalities impose a 1.0% tax on our Nicaraguan gross income. • Panama imposes a 7.0% excise tax 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 concentrates used to produce sugary drinks. Since January 1, 2020, Panama imposes a 5.0% excise tax on non-carbonated beverages with more than 7.5 grams of sugar or any caloric sweetener per 100 ml, whether imported or locally produced. Beverages derived from dairy products, grains or cereals, nectar, fruit and vegetable juices with natural fruit concentrates are exempt from this tax. • Argentina applies an excise tax of 8.7% to carbonated beverages containing less than 5.0% lemon juice or less than 10.0% fruit juice, and a 4.2% excise tax to sparkling water and flavored carbonated beverages with a fruit juice content of 10.0% or more, although this excise tax is not applicable to some of our products. • In Brazil, it applies an average excise tax on production of about 2.6% and an average sales tax of about 12.0% on net sales. Except for sales to wholesalers, these production and sales taxes apply only to the first sale, and the Company is responsible for collecting and paying these taxes from each of its retailers. In the case of sales to wholesalers, they are entitled to recover sales tax and collect this tax again for the resale of its products to retailers. • Colombian municipalities impose a sales tax ranging from 0.35% to 1.2% of net sales. On November 1, 2023, a new tax of 18 Colombian pesos (approximately Ps.0.08 as of December 31, 2023) was applied to beverages with 6 to 10 grams of added sugar per 100 ml, while a tax of 35 Colombian pesos (approximately Ps.0.15 as of December 31, 2023) was applied to beverages with more than 10 grams of added sugar per 100 ml. The amount of this tax will increase in early 2024 and 2025, as detailed in a paragraph below. • In Uruguay, an excise tax of 19.0% is levied on carbonated beverages, a 12.0% excise tax is levied on fruit juice-based beverages with a minimum content of 10.0% in natural fruit juices (or at least 5.0% natural content of fruit juices in the case of lemon) and an excise tax of 8.0% in the case of sparkling and still water. 25.3 Tax reforms Mexico In April 2021, the Mexican government amended the Federal Labor Law, the Federal Tax Code, and other laws that regulate labor benefits with the purpose of prohibiting the subcontracting of personnel, except in activities such as specialized works or services that are not part of a company's core business and that are provided by service providers registered with the Ministry of Labor and Social Welfare. As a result of this tax reform, the deduction of expenses related to subcontracting is prohibited, as well as the possibility of crediting the value added tax generated by expenses related to subcontracting and in extreme cases, the subcontracting of personnel can qualify as tax fraud. This reform entered into effect on September 1, 2021. Pursuant to the amendments to Mexican tax laws effective January 1, 2022, Mexican issuers are jointly and severally liable for taxes payable on gains arising from the sale or disposition of their shares or securities representing their shares, as ADSs, by majority shareholders who are not residents of Mexico and do not have a permanent establishment in Mexico for tax purposes. To other Mexican non-residents who do not have a permanent establishment in Mexico for tax purposes, to the extent that such Mexican issuer fails to provide certain information regarding such sale or disposition to Mexican tax authorities. For the purposes of this rule, "majority shareholders" shall be understood as shareholders who are identified in the reports submitted by the Mexican issuer to the CNBV annually as (i) directors or officers who directly or indirectly own 1.0% or more of the Mexican issuer's share capital, (ii) shareholders who directly or indirectly own 5.0% or more of the Mexican issuer's share capital, or (iii) within the ten largest shareholders of the Mexican share capital of the Mexican issuer. issuer based on direct ownership of the shares of the share capital. Although in some cases the 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 in this regard issued by the Mexican tax authorities. There is currently no obligation on the part of Mexican non-residents to report to Mexican issuers their sales or disposals of shares or securities representing shares, which limits our ability to comply with our reporting obligations to Mexican tax authorities. Therefore, the amount of a potential tax liability is uncertain and difficult to determine given the inherent mechanisms and procedures, including the application of any available tax treaty, applicable to the trading of publicly traded securities. Colombia In August 2021, a new tax reform came into force in Colombia. This reform increased the income tax rate from 30.0% to 35.0% for 2022 and limited the ability to deduct or deduct municipal sales taxes against income taxes to 50.0%. In December 2022, a new tax reform was approved in Colombia, which began to be applied during 2023. The main changes are as follows: • Introduction of an excise duty on beverages with added sugar based on the following timetable: ◦ From November 1, 2023 to December 30, 2023, a tax of 18 Colombian pesos (approximately Ps.0.08 as of December 31, 2023) was applied to beverages containing 6 to 10 grams of added sugar per 100 ml and a tax of 35 Colombian pesos (approximately Ps.0.15 as of December 31, 2023) for beverages with more than 10 grams of added sugar per 100 ml; ◦ From January 1, 2024 to December 30, 2024, a tax of 28 Colombian pesos (approximately Ps.0.12 as of December 31, 2023) for beverages containing 6 to 10 grams of added sugar per 100 ml and a tax of 55 Colombian pesos (approximately Ps.0.24 as of December 31, 2023) for beverages with more than 10 grams of added sugar per 100 ml; ◦ From January 1, 2025 to December 30, 2025, a tax of 38 Colombian pesos (approximately Ps.0.17 as of December 31, 2023) for beverages containing between 5 grams and 9 grams of added sugar per 100 ml and a tax of 65 Colombian pesos (approximately Ps.0.29 as of December 31, 2023) for beverages with more than 9 grams of added sugar per 100 ml; ◦ From 2026, the corresponding tax will be increased annually by the same percentage as the UVT (Tax Value Unit). • Introduction of a new tax on single-use plastics, with a rate of 0.00005 on the Tax Value Units per gram of plastic. One Tax Value Unit is equivalent to 42,412 Colombian pesos (approximately Ps.187.46 as of December 31, 2023). This new tax is applicable to our products that are not considered part of the market basket of goods (currently two of our products fall into this category). However, this tax can be waived with a circular economy certification that will be issued in case recycled resin is incorporated into the packaging. Through legal resolution C-526/23, it was indicated that the responsible for the tax is the producer of single-use plastics. • Increase in the income tax rate as of January 1, 2023, from 20.0% to 35.0% on taxable income obtained from free zones within Colombia. This change will go into effect on January 1, 2026 if a free zone company can demonstrate a 60.0% revenue increase in 2022 compared to fiscal year 2019. Despite this, the Supreme Court ruled that this law is not applicable to entities that have obtained its approval before December 13, 2022. • The possibility of taking municipal sales taxes as a tax deduction against income tax was eliminated. • Increase in the occasional income tax rate from 10.0% to 15.0% applicable to sales of fixed assets and introduction of a stamp duty at a rate between —% and 3.0%, on the sale price of real estate and other assets. • Introduction of a minimum income tax rate of 15%, which must be calculated considering an adjusted income (UD). The Adjusted Tax Rate (TTD) will be the result of dividing an Adjusted Tax (ID) by the Adjusted Income (UD). Costa Rica Until December 31, 2022, the producer or importer was responsible for collecting value-added taxes on carbonated beverages from supply chain participants, with an effective value-added tax rate for carbonated beverages of 15.8%. On January 1, 2023, a new tax reform came into effect to reintroduce the standard debt and credit system for producers, wholesalers, and retailers with a tax rate of 13.0%, so our Costa Rican subsidiary is no longer responsible for collecting such tax along the entire supply chain. Uruguay On December 31, 2021, the Uruguayan government issued an executive decree that increased the excise tax on energy drinks from 19.0% to 22.0%. This increase went into effect as of January 2022. Brazil In early 2017, Brazil's Federal Supreme Court ruled that value-added tax would not be used as the basis for calculating federal sales tax, resulting in a reduction of federal sales tax. Our Brazilian subsidiaries initiated legal proceedings to determine their ability to calculate federal sales tax without using value-added tax as a basis, in accordance with the first ruling of the Brazilian Federal Supreme Court, and obtained a favorable final resolution in 2019. However, the Brazilian tax authorities appealed the decision of the Brazilian Federal Supreme Court and the appeal was denied in May 2021. In 2023, federal sales and production taxes together resulted in an average tax of 14.6% on net sales. In recent years, the rate of excise duty on concentrate in Brazil has undergone recurring temporary fluctuations. The excise tax rate was increased from 4% to 8.0% from February 1, 2021 to February 24, 2022, decreased to 6.0% from February 25, 2022 to April 30, 2022, and increased again to 8.0% on May 1, 2022. The tax credit that we may recognize in our Brazilian operations in connection with concentrate purchases in the Manaus Free Trade Zone has been affected accordingly. In December 2022, the Brazilian government published the new transfer pricing rules that will come into effect from January 1, 2024. The new transfer pricing rules aim to align the Brazilian transfer pricing system with the transfer pricing guidelines recommended by the Organization for Economic Co-operation and Development (OECD). During 2023, the Brazilian government issued specific regulatory instructions to regulate this new tax legislation and transfer pricing methods. In 2024, greater regulation of intangibles and the obligations to file transfer pricing tax returns is expected. In March 2023, the value-added tax rate in the state of Paraná increased from 16.0% to 18.0%. As of January 1, 2024, the value-added tax rate in the state of Rio Grande do Sul is 18%. As of January 1, 2024, the state of Minas Gerais began applying an additional 2.0% charge on sales as a contribution to a poverty eradication fund. In December 2023, the Brazilian government published a Provisional Measure, to establish that the amount of the credit of a final and unappealable judicial decision, which exceeds the value of R$ 10 million (approximately Ps. 34.9 million as of December 31, 2023) subject to compensation against tax debts, must observe the monthly limitation of 1/60 of the total value of the credit. While taxpayers must observe this regulation as of January 1, 2024, this Interim Measure must become law during the following months; otherwise, this command is revoked. In December 2023, the Brazilian government published a new law to tax investment subsidies granted by municipalities or states of the federation as of January 1, 2024. These subsidies will be taxed by Income Tax and Social Contribution at the combined tax rate of 34% and will be subject to other contributions at the combined tax rate of 9.25%. On the other hand, the Federal Government will grant an income tax credit of 25% of the municipal or state subsidy, limited to the amount of depreciation of such assets applied to approved development or expansion projects that caused such subsidy, provided that certain conditions are met. In addition, also in December 2023, a Constitutional Amendment was published to implement a comprehensive tax reform in Brazil that will replace the current indirect tax system with a new one, which will be progressively implemented from January 1, 2026 until its full adoption in 2033.Municipal (ISSQN), state (ICMS) and federal (PIS and COFINS) taxes will be replaced by a double VAT (CBS and IBS). Double VAT will apply to all tangible or intangible goods, duties and services; it must be taxed according to the amount charged in the place where it is consumed; It will not be considered in itself in its own taxable base (the tax will not be taxed), and gives the right to record the input tax credit of the previous transaction (without a cumulative system). There will be a standard rate for all goods and services, with exceptions for certain sectors such as education, health, medicine, public transport, food for human consumption, agricultural products and some others, which will be entitled to tax reductions of 100%, 70% or 40% of the rate yet to be defined. In addition, there will be specific rules for sectors such as fuels and lubricants, automotive, financial services, real estate transactions, health plans, tourism and leisure businesses, among others. During the following months, the executive and legislative branches must enact a series of laws and acts to regulate and detail all procedures, obligations and the double VAT rate. In addition, from 2027 a special tax (IS) will also be applied on the production, extraction, marketing or import of services or goods harmful to health and the environment. This tax will be applied only once, does not generate a subsequent credit (it is subject to the so-called single-phase system) and will be part of the taxable base of the other tax applied to sales of services and goods. The current excise duty (IPI) will be reduced to zero, except for those products produced in the Manaus Free Trade Zone, in order to maintain the competitiveness and development of the incentivized zone. As in the previous case, a series of laws and acts are expected to regulate and detail all the procedures, obligations and the list of IS rates. Finally, as of January 1, 2024, new rules will apply to exclusive financial investment funds, investments and foreign currency assets located abroad, held by Brazilian taxpayers. Due to these changes, the government offered the option to Brazilian tax residents to increase the cost of the tax on foreign assets and investments to the current market value by paying a reduced rate on such difference, for those who choose to anticipate potential profits in this gap, by collecting the corresponding income tax with such reduced income tax rate instead of the regular rate on capital gains. For those who opt for this option, the current market value will be your new tax cost basis and a future capital gain, if and when it occurs, will be calculated from this point, rather than the original tax cost basis. Argentina On December 13, 2023, the Argentine government issued an executive decree (Decree 29/2023) setting the tax rate of the PAIS ( Program for an Inclusive and Solidary Argentina) at 17.5%, applicable to the import of goods (excluding goods from the basic food basket, fuels, lubricants, and other goods related to power generation). This tax is applicable to foreign currency transactions carried out on or after December 13, 2023, and represents an additional cost for Argentine operations. This tariff is also applicable to cargo services and other transportation services for the import or export of goods, or when such services are acquired in Argentina and provided by non-residents. 25.4 Taxation The following summary contains a description of certain U.S. federal income and Mexican federal tax consequences of the purchase, ownership, and disposition of our units or American Depositary Shares ("ADS") by an owner who is a citizen or resident of the United States, a U.S. domestic corporation, or a person or entity that will otherwise be subject to federal income tax based on net revenue with respect to units or ADSs. which we refer to as a U.S. holder, but is not intended to be a description of all possible tax considerations that may be relevant to a decision to purchase, hold, or dispose of the units or ADSs. In particular, this discussion does not address all Mexican or U.S. federal income tax considerations that may be relevant to a particular investor, nor does it address the special tax rules applicable to certain categories of investors, such as banks, intermediaries, merchants who choose market value, tax-exempt entities, insurance companies, certain short-term holders of units or ADSs, or investors who own the units or ADSs as part of a hedging, conversion, or integrated transaction, partnerships or partners therein, nonresident foreign individuals present in the United States for 183 days or more, or investors who have a "functional currency" other than the U.S. dollar. U.S. holders should be aware that the tax consequences of owning units or ADSs may be substantially different for the investors described in the previous sentence. This summary deals only with U.S. holders who will hold the units or ADSs as equity assets and does not address the tax treatment of a U.S. holder who owns or is treated as owning 10.0% or more of the shares by vote or security (including units) of our company. This summary is based on the federal tax laws of the United States and Mexico in effect as of the date of this annual report, including the provisions of the U.S.-Mexico income tax treaty and its protocols, or the Tax Treaty, which are subject to change. The summary does not address any tax consequences under the laws of any state or municipality in Mexico or the United States, or the laws of any tax jurisdiction other than the federal laws of Mexico and the United States. Holders of the units or ADSs should consult their tax advisors regarding the U.S., Mexican or other tax consequences of the purchase, ownership and disposition of units or ADSs, including, in particular, the effect of any foreign, state or local tax laws. Mexican Taxation For purposes of this summary, the term "nonresident holder" means a holder who is not a resident of Mexico and who does not own the units or ADSs in connection with conducting a trade or business through a permanent establishment in Mexico. For the purposes of Mexican taxation, an individual is a resident of Mexico if he or she has established his or her home in Mexico, or if he or she has another household outside of Mexico, but his or her "center of vital interests" (as defined in the Federal Tax Code in Mexico) is located in Mexico. A person's "center of vital interests" is located in Mexico when, among other circumstances, more than 50.0% of that person's total income during a calendar year originates within Mexico. A legal entity is a resident of Mexico if it has its principal place of business or its place of effective administration in Mexico. A Mexican citizen is presumed to be a resident of Mexico unless they can prove otherwise. If a legal entity or an individual is deemed to have a permanent establishment in Mexico for tax purposes, all income attributable to such permanent establishment will be subject to Mexican taxation, in accordance with applicable tax laws. 25.5 Tax Considerations Relating to Units and ADSs Taxation of dividends. Effective January 1, 2014, in accordance with Mexican income tax laws, dividends, whether in cash or in kind, paid to individuals or non-residents in Mexico, on the Series B shares and Series L shares underlying our units or ADSs, are subject to 10.0% withholding tax, or a lower rate if they are covered by a tax treaty. Profits that have been obtained and are subject to income tax before January 1, 2014 are exempt from this withholding. Taxation of Disposals of ADSs or Units. As of January 1, 2014, gains from the sale or disposition of shares made on the Mexican Stock Exchange or other securities market approved in Mexico by individuals resident in Mexico will be subject to an income tax rate of 10.0%, and gains from the sale or disposal of interests made on the Mexican Stock Exchange or other approved securities market in Mexico individuals and legal entities that are not residents in Mexico will be subject to a withholding tax of 10.0% in Mexico. The cost at which the shares were acquired prior to January 1, 2014 is calculated using the average closing price per share over the last twenty-two days. If the closing price per share in the last twenty-two days is considered unusual compared to the closing prices in the last six months, then the calculation is made using the average closing price per share over the last six months. However, a holder who is eligible to claim the benefits of any tax treaty will be exempt from Mexican withholding tax on gains made on a sale or other disposition of units, provided certain additional requirements are met. Gains on the sale or other disposition of shares or ADSs made in a transaction that is not carried out through the Mexican Stock Exchange or other approved securities market in Mexico would generally be subject to Mexican taxation, regardless of the nationality or residence of the transferor. However, under the Tax Treaty, a holder who is eligible to claim the benefits of the Tax Treaty will be exempt from Mexican tax on gains made on such sale or other disposition of units or ADSs, provided that the holder does not own, directly or indirectly, 25.0% or more of our total share capital (including units represented by ADSs) within the 12-month period preceding such sale or other sale and provided that the owner does not own, directly or indirectly, that the profits are not attributable to a permanent establishment or a fixed base in Mexico. Deposits of units in exchange for ADSs and withdrawals of units in exchange for ADSs will not give rise to Mexican taxes. Other Mexican Taxes There are no Mexican inheritance, gift, inheritance, or value-added taxes applicable to the ownership, transfer, exchange, or disposition of the ADSs or units, although free transfers of units may, in certain circumstances, cause a Mexican federal tax to be imposed on the recipient. There are no Mexican taxes or stamp, issuance, registration or similar duties that must be paid by the owners of the units. 25.6 BEPS Pillar II The OECD has published the Model Pillar Two rules to facilitate the domestic application of the global minimum tax of 15% in certain jurisdictions in which FEMSA operates. The legislation will become effective in most jurisdictions where the Company operates beginning on January 1, 2024. FEMSA is within the scope of the legislation enacted or substantially enacted and has conducted an assessment of the Company's potential exposure to Second Pillar income taxes. The Company has applied the mandatory exception to recognizing and disclosing information about deferred tax assets and liabilities arising from Pillar Two income taxes. Furthermore, the Company has reviewed its corporate structure in light of the introduction of Pillar Two Model Rules in various jurisdictions. Since the Company's effective tax rate is well above 15% in all jurisdictions in which it operates, it has determined that it is not subject to Pillar Two "top-up" taxes. Therefore, the consolidated financial statements do not include information required by paragraphs 88A-88D of IAS 12. The assessment of potential exposure to income taxes in the Second Pillar is based on the most recent tax returns, country-by-country reports and financial statements of the entities that are part of FEMSA. According to the assessment, effective Second Pillar tax rates in most jurisdictions where FEMSA operates are above 15%. However, there are a limited number of jurisdictions where the enabling rules of the Second Pillar are in the process of being issued and implemented and the effective tax rate of the Second Pillar is close to 15%. FEMSA does not expect significant exposure to Second Pillar income taxes in those jurisdictions; however, the development and publication of such rules will be monitored. The Mexican tax authority, as of December 31, 2023, has not issued rules related to the tax treatment of the Second Pillar. 25.7 Income tax rates The income tax rates in the countries where the Company operates as of December 31, 2023, 2022 and 2021 were as follows: 2023 2022 2021 Mexico 30.0 % 30.0 % 30.0 % Guatemala 25.0 % 25.0 % 25.0 % Costa Rica 30.0 % 30.0 % 30.0 % Panama 25.0 % 25.0 % 25.0 % Nicaragua 30.0 % 30.0 % 30.0 % Colombia 35.0 % 35.0 % 31.0 % Argentina 35.0 % 35.0 % 30.0 % Brazil 34.0 % 34.0 % 34.0 % Chile 27.0 % 27.0 % 27.0 % Peru 29.5 % 29.5 % 29.5 % Ecuador 25.0 % 25.0 % 25.0 % Uruguay 25.0 % 25.0 % 25.0 % United States 21.0 % 21.0 % 21.0 % Switzerland 18.6 % 18.6 % 18.6 % The management currently has no reason to believe that the tax rates will change in the foreseeable future. 25.8 Income Tax The major components of income tax expense for the years ended December 31, 2023, 2022 and 2021 are: 2023 2022 (Revised) 2021 (Revised) Current tax expense Ps. 30,413 Ps. 17,007 Ps. 14,244 Deferred tax expense (benefit): Origination and reversal of temporary differences 247 (1,164) 2,390 Utilization (benefit) of tax losses, net (3,198) (389) (1,498) Change in the statutory rate (172) (102) 4 Total deferred tax expense (benefit) (3,123) (1,655) 896 Total income taxes Ps. 27,290 Ps. 15,352 Ps. 15,140 Total income taxes attributable to continued operation Ps. 12,971 Ps. 13,275 Ps. 13,566 Total income taxes attributable to discontinued operation 14,319 2,077 1,574 Ps. 27,290 Ps. 15,352 Ps. 15,140 Recognized in Consolidated Statement of Other Comprehensive Income (“OCI”) Income tax related to items charged or recognized directly in OCI during the period: 2023 2022 2021 Unrealized gain (loss) on cash flow hedges Ps. (355) Ps. (1,158) Ps. 992 Exchange differences on translation of foreign operations (1,951) (3,742) (1,730) Remeasurements of the net defined benefit liability 11 383 127 Share of the other comprehensive income of equity method accounted investees (1) 3,108 1,129 1,506 Total income tax expense (benefit) recognized in OCI Ps. 813 Ps. (3,388) Ps. 895 (1) Deferred income taxes related to currency translation adjustment, mark to market of derivative financial instruments and employee benefits for equity method accounted investees which as of December 31, 2023 amounted to Ps. 2,953, Ps. (239), and Ps. 394, 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, 2023, 2022 and 2021 is as follows: 2023 2022 (Revised) 2021 (Revised) Mexican statutory income tax rate 30.0 % 30.0 % 30.0 % Difference between book and tax inflationary values and translation effects (1.7) % (5.4) % (4.8) % Annual inflation tax adjustment 0.2 % 7.0 % 7.7 % Income tax at a rate other than Mexican statutory rates 0.9 % 2.8 % 0.2 % Non-deductible expenses 2.1 % 3.8 % 2.1 % Taxable (non-taxable) income (3.2) % 1.4 % 2.3 % Others 0.1 % 0.1 % 0.1 % Adjustments for previous tax years — % 0.4 % — % Income Tax credits (1) — % — % (1.5) % Tax loss (recognition) write off (2) (3) (3.3) % (5.5) % (1.4) % Sale of investment of Heineken 1.2 % — % — % Consolidated Effective income tax rate 26.3 % 34.6 % 34.7 % Effective income tax rate from continued operations 22.7 % 33.0 % 34.3 % Effective income tax rate from discontinued operations 3.6 % 1.6 % 0.4 % (1) 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. (2) During 2022, Coca-Cola FEMSA recognized an amount of Ps.(2,194) as favorable effects on the deferred tax assets of its territories taking into account our expectation that those deferred tax assets will be recovered in the future. (3) The majority related to tax loss generated in 2023 from a reorganization of the business at Health Division in Chile. Deferred Income Tax Related to: Consolidated Statement Consolidated of Financial Position as of Income Statements December 31, 2023 December 31, 2022 2023 2022 (Revised) 2021 (Revised) Expected credit losses Ps. (356) Ps. (389) Ps. (6) Ps. 21 Ps. (3) Inventories (61) (107) (1) 99 (17) Other current assets 317 99 92 (78) 47 Property, plant and equipment,

Other Liabilities, Provisions,

Other Liabilities, Provisions, Contingencies and Commitments	12 Months Ended
	Dec. 31, 2023
Other Liabilities, Provisions, Contingencies and Commitments [Abstract]
Other Liabilities, Provisions, Contingencies and Commitments	Other Liabilities, Provisions, Contingencies and Commitments 26.1 Other current liabilities. December 31, 2023 December 31, 2022 Short-term employee benefits Ps. 11,808 Ps. 12,335 Accrued expenses 14,151 19,115 Other 813 392 Total Ps. 26,772 Ps. 31,842 26.2 Other current financial liabilities December 31, 2023 December 31, 2022 Sundry creditors Ps. 18,540 Ps. 16,869 Derivative financial instruments (see Note 21) 738 470 Other tax payable 11,106 11,275 Other 108 136 Total Ps. 30,492 Ps. 28,750 26.3 Other non-current liabilities December 31, 2023 December 31, 2022 Tax payable Ps. 1,116 Ps. 1,045 Debt with former shareholders 1,578 1,575 Other 1,923 1,676 Total Ps. 4,617 Ps. 4,296 26.4 Other non-current financial liabilities December 31, 2023 December 31, 2022 Derivative financial instruments (see Note 21) Ps. 8,653 Ps. 5,651 Security deposits 1,012 967 Total Ps. 9,665 Ps. 6,618 26.5 Provisions The Company has various loss contingencies and has recognized provisions for those legal proceedings 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 provisions as of December 31, 2023 and 2022: December 31, 2023 December 31, 2022 Indirect taxes Ps. 1,649 Ps. 1,976 Labor 1,570 1,703 Legal 1,104 1,006 Total (1) Ps. 4,323 Ps. 4,685 (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 14.1. 26.6 Changes in the balance of provisions 26.6.1 Indirect taxes December 31, 2023 December 31, 2022 December 31, 2021 Balance at beginning of the period Ps. 1,976 Ps. 2,845 Ps. 3,153 Penalties and other charges (see Note 20) 56 109 77 New contingencies (see Note 20) 475 249 314 Cancellation and expiration (see Note 20) (9) (738) (77) Payments (587) (473) (237) Effects of changes in foreign exchange rates (110) (16) (385) Discontinuing operations (152) — — Balance at end of the period Ps. 1,649 Ps. 1,976 Ps. 2,845 26.6.2 Labor December 31, 2023 December 31, 2022 December 31, 2021 Balance at beginning of the period Ps. 1,703 Ps. 1,807 Ps. 1,857 Penalties and other charges (see Note 20) 64 81 309 New contingencies (see Note 20) 868 571 526 Contingencies added in the business combination — 67 — Cancellation and expiration (see Note 20) (525) (443) (445) Payments (308) (320) (360) Effects of changes in foreign exchange rates (155) (60) (80) Discontinuing operations (77) — — Balance at end of the period Ps. 1,570 Ps. 1,703 Ps. 1,807 26.6.3 Legal December 31, 2023 December 31, 2022 December 31, 2021 Balance at beginning of the period Ps. 1,006 Ps. 937 Ps. 1,293 Penalties and other charges (see Note 20) 50 63 68 New contingencies (see Note 20) 423 141 35 Contingencies added in the business combination — 158 — Cancellation and expiration (see Note 20) (122) (146) (364) Payments (68) (110) (97) Effects of changes in foreign exchange rates (84) (37) 2 Discontinuing operations (101) — — Balance at end of the period Ps. 1,104 Ps. 1,006 Ps. 937 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. 26.7 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 arisen in the ordinary course of business and are common to the industry in which the Company operates. Such contingencies were assessed by the Company as less than probable but more than remote, and the estimated amount including uncertain tax position as of December 31, 2023 is Ps. 140,462, however, the Company believes that the ultimate resolution of such 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 disputes, 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 tax contingencies of Brazilian operations amount to approximately Ps. 66,710. This refers to various tax disputes related primarily to: (i) Ps. 10,166 of credits for ICMS (“VAT”); (ii) Ps. 38,150 related to tax credits of “IPI" (Tax on Industrial Products by its Portuguese acronym) over raw materials acquired from Free Trade Zone Manaus; (iii) claims of Ps. 5,188 related to compensation of federal taxes not approved by Tax authorities; (iv) Ps. 9,949 related to questions about the amortization of goodwill generated in acquisition operations; (v) Ps. 2,668 relating to liability over the operations of a third party, former distributor, in the period from 2001 to 2003 and (vi) Ps. 589 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, during 2021 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 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 these subsidiaries operate. The Company does not expect any material liability to arise from these contingencies. 26.8 Collateralized contingencies As is customary in Brazil, Coca-Cola FEMSA has been required by the tax authorities to collateralize tax contingencies currently in litigation amounting to Ps. 13,692, Ps. 13,728 and Ps.10,721 as of December 31, 2023, 2022 and 2021, respectively, by pledging fixed assets and entering into available lines of credit covering the contingencies. Also, as disclosed in Note 9.2, there is some restricted cash in Brazil that relates to short terms deposits in order to fulfill the collateral requirements for accounts payable. 26.9 Commitments The Company has signed commitments for the purchase of property, plant and equipment of Ps. 3,394, Ps. 2,588 and Ps. 726 as of December 31, 2023, 2022, and 2021 respectively.

Information by Segment

Information by Segment	12 Months Ended
	Dec. 31, 2023
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 reviewed by 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. On February 15, 2023, the Company announced a new long-range plan to maximize value creation, as well as a series of decisions resulting from its strategic review process. During 2022, FEMSA carried out a thorough strategic review of its business platform, including the bottom-up definition of long-range plans for each business unit, as well as the top-down analysis of the optimal corporate and capital structure, to ensure full alignment between the Board and management as to how to pursue and maximize value creation. Consistent with this vision, the Company has determined that the best path to maximize long term value creation is by focusing on its core business verticals which have the highest strategic relevance, growth potential, and financial and competitive strength: • Retail, with excellent long-term growth opportunities, comprised of Proximity, Health, and Fuel. • Coca-Cola FEMSA, leveraging its leading competitive position and best in class execution, combined with significant financial strength and strategic opportunities. • Digital solutions, building a powerful value-added financial ecosystem, while playing a key role in leveraging the connection among FEMSA’s core business units and its customers. As a result of what is mentioned above, Logistics and Distributions segment, as well as the investment in Heineken are no longer presented as a reportable segment given the divestiture plans and their presentation as discontinued operations (see Note 4) for all periods in these consolidated financial statements. 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: 2023 Coca-Cola FEMSA Proximity Americas Division Proximity Europe Division Health Division Fuel Division Discontinued operations Other (1) Consolidation Adjustments Consolidated Total revenues Ps. 245,088 Ps. 278,520 Ps. 43,552 Ps. 75,358 Ps. 58,499 Ps. — Ps. 56,875 Ps. (55,200) Ps. 702,692 Intercompany revenue 8,448 1,735 — 3 349 — 44,665 (55,200) — Gross profit 110,860 117,062 18,622 22,499 7,344 — 32,647 (29,527) 279,507 Income before income taxes and share of the profit of equity method accounted investees 28,792 2,401 388 (166) 699 — 40,139 (14,437) 57,816 Consolidated net income from continued operations — — — — — — — — 44,439 Consolidated net income from discontinued operations — — — — — 32,238 — — 32,238 Depreciation and amortization (2) 10,531 12,937 4,700 3,447 1,137 — 2,646 (1,381) 34,017 Non-cash items other than depreciation and amortization 1,707 509 148 1,296 13 — (328) 2 3,347 Investments in equity method accounted investees 9,246 1,690 — 1 19 — 15,291 — 26,247 Total assets 273,512 176,836 39,833 64,888 25,124 25,819 403,265 (203,421) 805,856 Total liabilities 139,808 149,131 37,876 48,357 20,267 11,569 120,707 (100,228) 427,487 Investments in fixed assets (3) 21,396 13,387 1,654 1,750 186 — 1,659 (1,421) 38,611 (1) Includes other companies and corporate (see Note 1). (2) Includes bottle breakage. (3) Includes acquisitions and disposals of property, plant and equipment, intangible assets, and other long-lived assets. The disposals of property, plant and equipment are for Ps. 400. 2022 (Revised) Coca-Cola FEMSA Proximity Americas Division Proximity Europe Division Health Division Fuel Division Discontinued operations Other (1) Consolidation Adjustments Consolidated Total revenues Ps. 226,740 Ps. 233,958 Ps. 9,809 Ps. 74,800 Ps. 51,813 Ps. — Ps. 21,280 Ps. (21,392) Ps. 597,008 Intercompany revenue 6,489 74 — — 311 — 14,518 (21,392) — Gross profit 100,300 97,586 4,599 21,983 6,560 — (3,785) 14,275 241,518 Income before income taxes and share of the profit of equity method accounted investees 25,787 5,661 218 1,659 1,543 — (27,939) 39,567 46,496 Consolidated net income from continued operations — — — — — — — — 33,320 Consolidated net income from discontinued operations — — — — — 1,423 — — 1,423 Depreciation and amortization (2) 10,425 11,571 826 3,291 1,062 — 719 (575) 27,319 Non-cash items other than depreciation and amortization 1,738 511 6 394 59 — 272 68 3,048 Investments in equity method accounted investees (4) 8,452 2,650 — 1 19 — 265 — 103,669 Total assets 277,995 143,877 38,759 60,960 24,102 179,277 162,788 (88,943) 798,815 Total liabilities 146,119 119,991 36,647 47,798 19,574 45,094 134,742 (88,951) 461,014 Investments in fixed assets (3) 19,665 9,957 544 2,868 157 1,140 1,047 (968) 34,410 (1) Includes other companies and corporate (see Note 1). (2) Includes bottle breakage. (3) Includes acquisitions and disposals of property, plant and equipment, intangible assets, and other long-lived assets. The disposals of property, plant and equipment are for Ps. 308. (4) Includes Company's investment in Heineken for an amount of Ps. 92,282. 2021 (Revised) Coca-Cola FEMSA Proximity Division Health Division Fuel Division Discontinued operations Other (1) Consolidation Adjustments Consolidated Total revenues Ps. 194,804 Ps. 198,586 Ps. 73,027 Ps. 39,922 Ps. — Ps. 19,365 Ps. (20,244) Ps. 505,460 Intercompany revenue 5,428 520 — 57 — 14,239 (20,244) — Gross profit 88,598 84,196 21,736 5,269 — 11,519 (5,134) 206,184 Income before income taxes and share of the profit of equity method accounted investees 22,852 12,580 1,068 455 — 6,217 (182) 42,990 Consolidated net income from continued operations — — — — — — — 29,414 Consolidated net income from discontinued operations — — — — 8,264 — — 8,264 Depreciation and amortization (2) 9,834 10,869 3,355 972 — 494 (129) 25,395 Non-cash items other than depreciation and amortization 1,613 448 111 14 — 255 — 2,441 Investments in equity method accounted investees (4) 7,494 2,899 — 19 — 538 — 107,299 Total assets 271,567 129,821 57,463 19,878 165,874 166,984 (74,087) 737,500 Total liabilities 143,995 110,765 44,037 16,503 32,628 128,568 (74,113) 402,383 Investments in fixed assets (3) 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 acquisitions and disposals of property, plant and equipment, intangible assets, and other long-lived assets. The disposals of property, plant and equipment are for Ps. 208. (4) Includes Company's investment in Heineken for an amount of Ps. 96,349. b) By Geographic Area: The Company aggregates geographic areas to report geographical information: (i) Mexico and Central America (comprising the following countries: Mexico, Guatemala, Nicaragua, Costa Rica and Panama), (ii) the United States, (iii) South America (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 until 2022 and Valora). For further information related to aggregated geographic areas see Note 28.2 Disaggregation of revenue. Geographic disclosure for the Company’s non-current assets is as follow: 2023 2022 Mexico and Central America (1) Ps. 305,204 Ps. 245,222 United States (2) 36 61,164 South America (3) 114,051 121,398 Europe (4) (5) 30,406 144,582 Consolidated Ps. 449,697 Ps. 572,366 (1) Domestic (Mexico only) non-current assets were Ps. 295,770 and Ps. 237,832, as of December 31, 2023 and 2022, respectively. (2) In 2023 the Company finalized the merger of Envoy Solutions, LLC into BradyIFS, keeping an economic interest of 37% in IFS TopCo. See Note 10. (3) South America non-current assets includes Brazil, Argentina, Colombia, Chile, Uruguay and Ecuador. Brazilian non-current assets were Ps. 61,223 and Ps. 67,848, as of December 31, 2023 and 2022, respectively. Colombia’s non-current assets were Ps. 13,479 and Ps. 17,092, as of December 31, 2023 and 2022, respectively. Argentina’s non-current assets were Ps. 2,898 and Ps. 4,895, as of December 31, 2023 and 2022, respectively. Chile’s non-current assets were Ps. 30,885 and Ps. 30,272, as of December 31, 2023 and 2022, respectively. Uruguay’s non-current assets were Ps. 2,070 and Ps. 3,403, as of December 31, 2023 and 2022, respectively. Ecuador’s non-current assets were Ps. 3,496 and Ps. 3,737, as of December 31, 2023 and 2022, respectively . (4) On October 7, 2022, the Company completed the acquisition of Valora Holding AG. (5) During 2023 the Company sold its investment in Heineken Group. See Note 4.

Revenues

Revenues	12 Months Ended
	Dec. 31, 2023
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 revenue 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 Americas Division 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 Europe Division 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. Others Production and sale of commercial refrigeration, plastic solutions, sale of equipment for food processing. Integral logistic services. 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. 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. 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, 2023 and 2022, no significant cost was incurred to obtain or perform on a contract that might be capitalized as contract 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 There were not other performance obligations identified in customer contracts from the ones included in the transaction price. The Company considers highly probable the variable considerations identified per each business unit; therefore it is not expected that a significant reversion of the revenue amount could occurs.

Future Impact of Recently Issue

Future Impact of Recently Issued Accounting Standards not yet in Effect	12 Months Ended
	Dec. 31, 2023
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. 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. The Enhancement and Standardization of Climate-Related Disclosures for Investors On March 6, 2024, the Securities and Exchange Commission (SEC) issued the final rule on The Enhancement and Standardization of Climate-Related Disclosures for Investors. This rule mandates the disclosure of information regarding a registrant’s climate-related risks that have materially impacted or are reasonably likely to have a material impact on, its business strategy, results of operations, or financial condition. The Company is currently assessing the impact of this rule for disclosure to investors.

Subsequent Events

Subsequent Events	12 Months Ended
	Dec. 31, 2023
Subsequent Event [Abstract]
Subsequent Events	Subsequent Events As part of FEMSA Forward strategy, the Company started its Share Repurchase Program . On February 15, 2024, the Board of Directors has approved to submit to the 2024 Annual Shareholders Meeting the proposal to double its maximum share buyback capacity from the currently existing authorization. In line with its Capital Allocation strategy, on March 15, 2024, the Company entered into an accelerated share repurchase ("ASR") agreement with a financial institution in the U.S. to repurchase certain of its shares through the acquisition of ADSs. Under the terms of the ASR agreement, the Company agreed to repurchase from such financial institution an aggregate amount of USD $400 million of its ADSs. On March 19, 2024, the Company received an initial delivery of approximately 20% of the ADSs subject to the ASR agreement. The total number of ADSs ultimately repurchased under the ASR agreement will be based on the daily volume-weighted average price of its ADSs during the term of the ASR agreement, subject to certain limitations. The final settlement of the ASR agreement is expected to be completed no later than the third quarter of 2024. On March 22, 2024, the Company's shareholders at the Annual Shareholders Meeting approved a dividend of Ps. 0.9161 per FEMSAUB unit and Ps. 1.0993 per FEMSAUBD unit (Ps. 10.9931 per ADS) by paying four quarterly installments; as well as an additional dividend to be paid in four quarterly installments of Ps. 0.6418 per FEMSAUB unit and Ps. 0.7701 per FEMSAUBD unit (Ps. 7.7010 per ADS). Additionally, the Company's shareholders authorized the purchase of up to Ps. 34,000 of the Company's common stock during the fiscal year 2024, amount which did not exceed the total balance of the Company's net income, including retained earnings, as of such date.

Basis of Preparation (Policies)

Basis of Preparation (Policies)	12 Months Ended
	Dec. 31, 2023
Notes and other explanatory information [abstract]
Statement of compliance	2.1 Statement of compliance The consolidated financial statements of the Company as of December 31, 2023 and 2022 and for the years ended December 31, 2023, 2022 and 2021 have been prepared in accordance with International Financial Reporting Standards (“IFRS”) as issued by the International Accounting Standards Board (“IASB”). These consolidated financial statements and its accompanying notes were approved by the Company’s shareholders at the shareholder meeting on March 22, 2024, and were authorized for issuance to the Mexican Stock Exchange by the Company’s Board of Directors on the same date. 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 23, 2024 and subsequent events have been considered through that date (see Note 30).
Critical accounting judgments and estimates	2.3 Critical accounting judgments and estimates For the application of the Company’s accounting policies, which are 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. 2.3.1 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. 2.3.1.1 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. 2.3.1.2 Equity method accounted investees Associates 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 able 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. 2.3.1.3 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). 2.3.2 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. 2.3.2.1 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 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. 2.3.2.2 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. 2.3.2.3 Fair value measurements 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 is made for each investment. Equity instruments are subsequently measured at fair value. Dividends are recognized as other income in the consolidated income statement 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. For 2023 the Company determined the fair value less cost to sell of the assets and liabilities held for sale related to its Strategic Businesses (see Note 3.17 and Note 4). In the initial recognition of the Company's investment in IFS Top Co, the fair value of the initial investment was determined through a valuation using the estimated discounted cash flows of the share of the retained investment. 2.3.2.4 Business combinations Businesses combinations are accounted for using the acquisition method. The cost of an acquisition is measured as the aggregate of the consideration transferred, 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 is 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 lives of acquired intangible assets with definite lives, mainly, customer relationships.
Application of recently issued accounting standards	Balance as at December 31, 2022 (as initially reported) Effects of reclassification Balance as at December 31, 2022 (adjusted) CURRENT LIABILITIES Taxes payable 16,694 (16,694) — Income tax payable — 5,419 5,419 Other current financial liabilities 17,475 11,275 28,750 NON-CURRENT LIABILITIES Provisions and other non-current liabilities 8,981 (8,981) — Provisions — 4,685 4,685 Other non-current liabilities — 4,296 4,296

Material Accounting Policies (P

Material Accounting Policies (Policies)	12 Months Ended
	Dec. 31, 2023
Material 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 not involve the loss of control are measured at carrying amount and reflected in equity as part of additional paid-in capital.
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’s 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 consolidated net income. Indemnification assets are recognized at the acquisition date on the same basis as the indemnified liability subject to any contractual limitations. 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 OCI is recognized on the same basis as required if the Company had disposed directly of the previously held equity interest, see Note 3.14. 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 re-measured. 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 OCI, which is recorded in equity as part of cumulative translation adjustment within the accumulated other comprehensive income; 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 consolidated income statements 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 consolidated income statements. 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 statements 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 consolidated income statements 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 2023 2022 2021 2023 2022 Guatemala Quetzal 2.27 2.60 2.62 2.16 2.47 Costa Rica Colon 0.03 0.03 0.03 0.03 0.03 Panama U.S. dollar 17.77 20.13 20.28 16.89 19.36 Colombia Colombian peso 0.004 0.01 0.01 0.01 0.01 Nicaragua Cordoba 0.49 0.56 0.58 0.46 0.53 Argentina Argentine peso 0.07 0.16 0.21 0.02 0.11 Brazil Reais 3.56 3.90 3.76 3.49 3.71 Chile Chilean peso 0.02 0.02 0.03 0.02 0.02 Euro Zone Euro (€) 19.19 21.17 24.00 18.76 20.65 Peru Nuevo Sol 4.74 5.24 5.22 4.55 5.07 Ecuador U.S. dollar 17.77 20.13 20.28 16.89 19.36 United States U.S. dollar 17.77 20.13 20.28 16.89 19.36 Uruguay Uruguayan peso 0.46 0.49 0.47 0.43 0.48 Switzerland Swiss franc 19.77 — — 20.11 — (1) Exchange rates published by the Central Bank of each country where the Company operates, except for Panama and Ecuador.
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 income statements in the caption "Gain on monetary position for subsidiaries in hyperinflationary economies". The Company restates the financial information of the Argentine subsidiary that operates in a hyperinflationary economic environment using the consumer price index (“CPI”) of the country. As of December 31, 2023, 2022, and 2021, the operations of the Company are classified as follows: Cumulative Inflation 2020 - 2022 Country Cumulative Inflation 2021 - 2023 Type of Economy Type of Economy Cumulative Inflation 2019 - 2021 Type of Economy Mexico 21.1 % Non-hyperinflationary 19.4 % Non-hyperinflationary 13.9 % Non-hyperinflationary Guatemala 17.3 % Non-hyperinflationary 18.0 % Non-hyperinflationary 11.7 % Non-hyperinflationary Costa Rica 9.5 % Non-hyperinflationary 12.4 % Non-hyperinflationary 5.8 % Non-hyperinflationary Panama 6.7 % Non-hyperinflationary 3.1 % Non-hyperinflationary 0.9 % Non-hyperinflationary Colombia 30.6 % Non-hyperinflationary 21.4 % Non-hyperinflationary 11.4 % Non-hyperinflationary Nicaragua 26.3 % Non-hyperinflationary 23.1 % Non-hyperinflationary 17.1 % Non-hyperinflationary Argentina (a) 815.6 % Hyperinflationary 300.3 % Hyperinflationary 216.1 % Hyperinflationary Brazil 21.8 % Non-hyperinflationary 21.7 % Non-hyperinflationary 20.0 % Non-hyperinflationary Euro Zone 18.0 % Non-hyperinflationary 14.6 % Non-hyperinflationary 5.8 % Non-hyperinflationary Chile 25.6 % Non-hyperinflationary 20.9 % Non-hyperinflationary 13.7 % Non-hyperinflationary Peru 19.2 % Non-hyperinflationary 15.4 % Non-hyperinflationary 10.6 % Non-hyperinflationary Ecuador 7.2 % Non-hyperinflationary 5.8 % Non-hyperinflationary 22.8 % Non-hyperinflationary United States 17.8 % Non-hyperinflationary 13.8 % Non-hyperinflationary 11.0 % Non-hyperinflationary Uruguay 22.9 % Non-hyperinflationary 27.9 % Non-hyperinflationary 28.5 % Non-hyperinflationary Germany 24.1 % Non-hyperinflationary — % Non-hyperinflationary — % Non-hyperinflationary Netherlands 19.1 % Non-hyperinflationary — % Non-hyperinflationary — % Non-hyperinflationary Austria 21.3 % Non-hyperinflationary — % Non-hyperinflationary — % Non-hyperinflationary Luxembourg 17.3 % Non-hyperinflationary — % Non-hyperinflationary — % Non-hyperinflationary Switzerland 6.2 % Non-hyperinflationary — % Non-hyperinflationary — % 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 indices 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 FACPCE (Federación Argentina de Consejos Profesionales de Ciencias Económicas) 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 (Based on a series that applies the Consumer Price Index (“CPI”) from January 2017 with the Wholesale Domestic Price Index ("WDPI") 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. All credit card, debit card and electronic transfer transactions that process in less than 1.5 days are classified as cash and cash equivalents. The amount due from banks for these transactions classified as cash and cash equivalents amounts to Ps. 2,315 and Ps. 1,466 as of December 31, 2023 and 2022, respectively. 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 (Note 9.2).
Investments	3.6 Investments The investments include debt securities and bank deposits with a maturity of more than three months but less than twelve 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 Note 6.
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 designated as hedging instruments in 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 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. 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. Financial assets are classified, at initial recognition, 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 any impairment losses. The exchange fluctuation and impairment are recognized in the consolidated income statement. 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 interest income calculated using the internal rate of return (“IRR”), the exchange fluctuation and any 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 consolidated statements of financial position with changes in fair value presented as interest expense (net negative changes in fair value) or interest income (net positive changes in fair value) in the consolidated income statements, 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; • Prepayment and extension features; and • Characteristics that limit the Company's right to obtain cash flows. 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 at 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 the prepayment 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 and contractual assets 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 and contractual assets, together or separately. The Company measures impairment losses at an amount equal to ECL for the lifetime, 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’s 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 contract, 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 a 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 recognizes 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 flow 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 flow 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 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 statements as the recognized hedged item. 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 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 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 in discontinued operations within the consolidated income statement. In the case of an equity instrument measured at FVOCI, the corresponding accumulated foreign currency translation effects remains as part of OCI.
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 are 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 consolidated 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 different inventory costing methodologies to value their inventories, such as the weighted average cost method in Coca-Cola FEMSA, Proximity Europe, the distribution centers of Proximity Americas, as well as the Health Division; retail method (a method to estimate the average cost) for most stores within Proximity Americas; and the acquisition method in the 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 makes 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 well as recent market data to assess the estimated future demand for goods.
Other current assets	3.12 Other current and non-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 initially recorded as an asset and are subsequently amortized in the appropriate caption in the consolidated income statement when goods or services have been received. The Company has prepaid advertising costs which consist of television and radio advertising airtime in advance. These prepaids 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.
Equity method accounted investees	3.13 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 associates 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 and Note 10. After the application of the equity method, the Company determines whether it is necessary to recognize an 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 determines 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 in profit or loss of equity method accounted investees, net of tax 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, 2023, 2022 and 2021 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, 2023, 2022, and 2021 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	3.14 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. 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 was immaterial. Changes in these estimates were applied prospectively. The estimated useful lives of the Company’s assets are as follows: Years Buildings 20-50 Machinery and equipment 5-25 Distribution equipment 4-14 Refrigeration equipment 6-10 Returnable bottles 1.5-4 Leasehold improvements The shorter of the lease term or 21 years Information technology equipment 3-5 Other equipment 2-15 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. 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 (four 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	3.15 Leases 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 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 of the underlying asset. 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 interest expense, 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. 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.
Intangible assets	3.16 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, are 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 consolidated income statement on a straight-line basis over the estimated useful economic lives which range from 6 to 25 years. • Technology costs 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. • Alcohol licenses are amortized using the straight-line method over their estimated useful lives, which are estimated at 12 years. 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 indefinite useful lives consist of: • Rights to produce and distribute Coca-Cola trademark products in the Company’s territories. As of December 31, 2023, Coca-Cola FEMSA had four bottler agreements in Mexico, (i) Valley of Mexico territory, which is up for renewal in June 2033, (ii) Southeast territory, which is up for renewal in June 2033, (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, 2023, Coca-Cola FEMSA had one bottler agreement in Brazil, which is up for renewal in October 2027. As of December 31, 2023, 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, 2023, 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. • Trademark rights 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 bio equivalent pharmaceuticals. 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.
Non-current assets held for sale and discontinued operations	3.17 Non-current assets held for sale and discontinued operations The Company classifies non-current assets and disposal groups 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 sell. For the year ended on December 31, 2023 the Company has assets and liabilities held for sale. See Note 4. 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 consolidated income statement. For the year ended on December 31, 2023, 2022 and 2021 the Company has discontinued operations related to its investment in Heineken and other significant businesses that have been disposed or are in the process of being sold. See Note 4.
Impairment of long-lived assets	3.18 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 CGUs, or otherwise they are allocated to the smallest CGUs for which a reasonable and consistent allocation basis can be identified. 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 consolidated net income. Impairment losses related to goodwill are not reversible. For the years ended December 31, 2023, 2022 and 2021, the Company recognized impairment losses of Ps. 1,248, Ps. 833 and Ps. 1,427, respectively (see Note 20).
Financial liabilities and equity instruments	3.19 Financial liabilities and equity instruments 3.19.1 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. 3.19.2 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 as a deduction from equity. No gain or loss is recognized in profit or loss on the purchase, sale, issue or cancellation of the Company’s equity instruments. 3.19.3 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, 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. 3.19.4 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. 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. 3.19.5 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	3.20 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 virtually certain, see Note 26. Restructuring provisions are recognized only when the recognition criteria for provisions are satisfied. 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 short and long-term employee benefits	3.21 Post-employment and other short and long-term employee benefits Post-employment and other long-term employee benefits 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 addition, in accordance with Mexican Labor Law, the Company provides seniority premium benefits to its employees under certain circumstances. The seniority premium 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. Employee profit sharing ("PTU") in Mexico is paid by the Company’s Mexican subsidiaries to its eligible employees. In Mexico, PTU is computed at the rate of 10% of the individual company taxable income. PTU in Mexico is calculated from the same taxable income for income tax, except for the following: a) neither tax losses from prior years nor the PTU paid during the year are deductible; and b) payments to employees that are exempt from taxes are fully deductible in the PTU computation. The amendment to the Federal Labor Law established a limit on the amount to be paid for profit sharing to employees, which indicates that the amount of PTU assigned to each employee may not exceed the equivalent of three months of the employee’s current salary, or the average PTU received by the employee in the previous three years, whichever is greater. If the PTU determined is less than or equal to this limit, the PTU will be determined by applying 10% of the individual company taxable income. If the PTU determined exceeds this limit, the limit would apply and this should be considered the PTU for the period. 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	3.22 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. These benefits are generally paid on a short-term basis. 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. The net sales reflect the effect of agreements with customers, the units delivered at list price, net of variable considerations such as promotions and discounts, which are measure based on the amounts agreed with customers using the expected value method. 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. When the Company is not the primary responsible party for selling goods or providing services to its customers, it recognizes revenues on a net basis as an agent, in the net sales line item which are generated mainly by Proximity Americas. All the conditions mentioned above are accomplished normally when the goods are delivered to the customer, usually payment terms varies from 0 to 90 days. 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. Rewards programs The Company recognizes a contract liability for the obligation to award additional benefits to its customers mainly from reward points granted by Proximity Americas and Fuel Division. Management considers in determining that liability, the amount of points granted to its customers and revenue is recognized when the reward points are redeemed or expired and the related inventory is transferred to the customer. Variable consideration The Company estimates the amount of consideration to which it will be entitled in exchange for transferring the goods to the customer. Some contracts include 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 recognized 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 variable consideration for discounts for estimated volume. The Company uses its accumulated experience to estimate discounts, using the expected value method. Significant financing component There is no significant financing component, due to the fact that the majority of sales are made either in cash or on credit with payment terms of less than one year. Contracts costs The incremental costs for obtaining a customer contract are recognized as an asset if the Company expects to recover those costs. The incremental costs are those incurred to obtain a contract and that would not be incurred if the contract hadn’t been obtained. The Company recognizes these costs as incurred in the consolidated income statement when the associated revenue is realized in a period equal to or less than one year. The contract costs, are amortized on a straight-line basis over the terms of the related revenue contracts, reflecting how the goods and services are transferred to the client (See Note 3.12). 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 ), are recorded as an asset if they meet the following criteria: • The costs relate directly to 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 contract asset is amortized in the same manner as the goods and services are transferred to the customer. Accordingly, the asset is recognized in the consolidated income statement through its amortization in the same period in which the related revenue is recognized. For the years ended December 31, 2023, 2022 and 2021, contract costs were not significant.
Administrative and selling expenses	3.23 Administrative and selling expenses Administrative expenses include labor costs (salaries and other benefits, including 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, 2023, 2022 and 2021, these distribution costs amounted to Ps. 34,615, Ps. 30,721 and Ps. 26,023, respectively; • Sales: labor costs (salaries and other benefits including PTU) and sales commissions paid to sales personnel; and • Marketing: promotional expenses and advertising costs.
Income taxes	3.24 Income taxes The income tax expense represents the sum of the tax currently payable and deferred tax. Income taxes are charged to the 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. Uncertain tax positions The Company operates in numerous tax jurisdictions and is subject to periodic tax inspections, in the normal course of business, by local tax authorities on a range of tax matters in relation to corporate income tax. 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. 3.24.1 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 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). 3.24.2 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 as part of the acquisition method 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. The Company offsets tax assets and liabilities only if it has a legally enforceable right to offset 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. In Mexico, the income tax rate was 30% for 2023, 2022 and 2021, and currently Management has no reason to believe that the tax rate will change in the foreseeable future. The tax rates for other countries is disclosed in Note 25.
Share-based payments arrangements	3.25 Share-based payments arrangements Senior executives of the Company receive remuneration in the form of FEMSA and Coca-Cola FEMSA share-based payment transactions, whereby the employees render services as consideration for equity instruments. Under this stock incentive plan, eligible executive officers and senior management are entitled to receive a special annual bonus in cash, after withholding applicable taxes, to purchase FEMSA and Coca-Cola FEMSA shares traded in the Mexican Stock Exchange. This plan uses the EVA result achieved, and their individual performance as its main evaluation metric. The Company makes a cash contribution to the administrative trust (which is controlled and consolidated by FEMSA) in the amount of the individual executive’s special bonus. The administrative trust then uses the funds to purchase FEMSA and Coca-Cola FEMSA shares or options (as instructed by the Corporate Practices Committee). The equity instruments are granted and then held by an administrative trust controlled and consolidated 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 at 33% per year over three-year 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	3.26 Earnings per share The Company presents basic and diluted earnings per share (“EPS”) data for its shares. Basic EPS is calculated by dividing the consolidated net income attributable to equity holders of the parent 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 the Company’s own shares purchased in the year for the effects of all potentially dilutive securities, which comprise share rights granted to employees described above. See Note 24.

Company Business (Tables)

Company Business (Tables)	12 Months Ended
	Dec. 31, 2023
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 2023 2022 Activities Coca-Cola FEMSA, S.A.B. de C.V. and subsidiaries (“Coca-Cola FEMSA”) 47.2% 47.2% 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, 2023, 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 Americas Division 100% 100% Small-box retail chain format operations in Mexico, Colombia, Peru, Chile and Brazil, mainly under the trade name “OXXO.” Proximity Europe Division (2) 100% 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. 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.” Heineken investment (3) 0.9% 14.8% Heineken N.V. and Heineken Holding N.V. shares, which represented an aggregate of 14.8% economic interest in both entities (“Heineken Group”). Other businesses (1) 100% Various Production and distribution companies of coolers, commercial refrigeration equipment, plastic boxes, food processing, preservation and weighing equipment. 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. (1) In 2023 the Company finalized the merger of Envoy Solutions, LLC with BradyIFS, retaining an economic interest of 37% in IFS TopCo. See Note 10. (2) As described in Note 4, on 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. As of December 31, 2023, the Company own 100% of Valora Holding AG. (3) During 2023, the Company sold its investment in Heineken Group. See Note 10.

Basis of Preparation (Tables)

Basis of Preparation (Tables)	12 Months Ended
	Dec. 31, 2023
Notes and other explanatory information [abstract]
Application of recently issued accounting standards	Balance as at December 31, 2022 (as initially reported) Effects of reclassification Balance as at December 31, 2022 (adjusted) CURRENT LIABILITIES Taxes payable 16,694 (16,694) — Income tax payable — 5,419 5,419 Other current financial liabilities 17,475 11,275 28,750 NON-CURRENT LIABILITIES Provisions and other non-current liabilities 8,981 (8,981) — Provisions — 4,685 4,685 Other non-current liabilities — 4,296 4,296

Material Accounting Policies (T

Material Accounting Policies (Tables)	12 Months Ended
	Dec. 31, 2023
Material 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 2023 2022 2021 2023 2022 Guatemala Quetzal 2.27 2.60 2.62 2.16 2.47 Costa Rica Colon 0.03 0.03 0.03 0.03 0.03 Panama U.S. dollar 17.77 20.13 20.28 16.89 19.36 Colombia Colombian peso 0.004 0.01 0.01 0.01 0.01 Nicaragua Cordoba 0.49 0.56 0.58 0.46 0.53 Argentina Argentine peso 0.07 0.16 0.21 0.02 0.11 Brazil Reais 3.56 3.90 3.76 3.49 3.71 Chile Chilean peso 0.02 0.02 0.03 0.02 0.02 Euro Zone Euro (€) 19.19 21.17 24.00 18.76 20.65 Peru Nuevo Sol 4.74 5.24 5.22 4.55 5.07 Ecuador U.S. dollar 17.77 20.13 20.28 16.89 19.36 United States U.S. dollar 17.77 20.13 20.28 16.89 19.36 Uruguay Uruguayan peso 0.46 0.49 0.47 0.43 0.48 Switzerland Swiss franc 19.77 — — 20.11 — (1) Exchange rates published by the Central Bank of each country where the Company operates, except for Panama and Ecuador.
Disclosure of Recognition of Effects of Inflation in Countries with Hyperinflationary Economic Environments	As of December 31, 2023, 2022, and 2021, the operations of the Company are classified as follows: Cumulative Inflation 2020 - 2022 Country Cumulative Inflation 2021 - 2023 Type of Economy Type of Economy Cumulative Inflation 2019 - 2021 Type of Economy Mexico 21.1 % Non-hyperinflationary 19.4 % Non-hyperinflationary 13.9 % Non-hyperinflationary Guatemala 17.3 % Non-hyperinflationary 18.0 % Non-hyperinflationary 11.7 % Non-hyperinflationary Costa Rica 9.5 % Non-hyperinflationary 12.4 % Non-hyperinflationary 5.8 % Non-hyperinflationary Panama 6.7 % Non-hyperinflationary 3.1 % Non-hyperinflationary 0.9 % Non-hyperinflationary Colombia 30.6 % Non-hyperinflationary 21.4 % Non-hyperinflationary 11.4 % Non-hyperinflationary Nicaragua 26.3 % Non-hyperinflationary 23.1 % Non-hyperinflationary 17.1 % Non-hyperinflationary Argentina (a) 815.6 % Hyperinflationary 300.3 % Hyperinflationary 216.1 % Hyperinflationary Brazil 21.8 % Non-hyperinflationary 21.7 % Non-hyperinflationary 20.0 % Non-hyperinflationary Euro Zone 18.0 % Non-hyperinflationary 14.6 % Non-hyperinflationary 5.8 % Non-hyperinflationary Chile 25.6 % Non-hyperinflationary 20.9 % Non-hyperinflationary 13.7 % Non-hyperinflationary Peru 19.2 % Non-hyperinflationary 15.4 % Non-hyperinflationary 10.6 % Non-hyperinflationary Ecuador 7.2 % Non-hyperinflationary 5.8 % Non-hyperinflationary 22.8 % Non-hyperinflationary United States 17.8 % Non-hyperinflationary 13.8 % Non-hyperinflationary 11.0 % Non-hyperinflationary Uruguay 22.9 % Non-hyperinflationary 27.9 % Non-hyperinflationary 28.5 % Non-hyperinflationary Germany 24.1 % Non-hyperinflationary — % Non-hyperinflationary — % Non-hyperinflationary Netherlands 19.1 % Non-hyperinflationary — % Non-hyperinflationary — % Non-hyperinflationary Austria 21.3 % Non-hyperinflationary — % Non-hyperinflationary — % Non-hyperinflationary Luxembourg 17.3 % Non-hyperinflationary — % Non-hyperinflationary — % Non-hyperinflationary Switzerland 6.2 % Non-hyperinflationary — % Non-hyperinflationary — % 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 20-50 Machinery and equipment 5-25 Distribution equipment 4-14 Refrigeration equipment 6-10 Returnable bottles 1.5-4 Leasehold improvements The shorter of the lease term or 21 years Information technology equipment 3-5 Other equipment 2-15

Business Combinations and Dis_2

Business Combinations and Disposals (Tables)	12 Months Ended
	Dec. 31, 2023
Business Combinations and Disposals [Abstract]
Summary of Preliminary Estimate of Fair Value of Net Assets Acquired and Reconciliation of Cash Flows	The final allocation of the purchase price to the fair value of the net assets acquired is as follows: 2022 Other current assets, including cash acquired of Ps. 1,971 Ps. 2,988 Clients 2,581 Inventories 2,967 Right of use assets 21,299 Trademark rights 8,699 Franchise contracts 447 Other non-current assets 7,581 Total assets 46,562 Deferred tax liability (1,325) Other liabilities (35,055) Net assets acquired 10,182 Goodwill arising on acquisition 12,966 Total consideration transferred 23,148 Cash acquired (1,971) Net cash paid 21,177 (1) In 2022 the PPA was pending finalization, as the allocation of the value in the assets was still in process, As a result of the purchase price allocation which was finalized in 2023, additional fair value adjustments were recognized in 2023 as follows: an increase in the fair value of total assets of Ps. 10,482 (from which Ps. 7,617 are trademark rights as indefinite life intangible assets, Ps. 447 are franchise contracts, Ps. 2,743 are right of use asset and Ps. 325 are other non-current assets), a related deferred tax liability for Ps. 1,887 and a decrease in goodwill of Ps. 7,395. Trademark rights and goodwill both included in the same financial statement caption, indefinite life intangibles. The Company did not retrospectively adjust the provisional amounts recognized in the statement of financial position and the income statement (amortization for definite life intangibles) at the acquisition date given the amounts recognized in the current period are insignificant. The final 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. 5 Ps. 132 Accounts receivable 1,252 Inventory 1,206 Customer relationships 3,893 Trademark rights 8 Total non-current assets 860 Total assets 7,351 Total liabilities (2,104) Net assets acquired 5,247 Goodwill arising on acquisition 2,138 Total consideration transferred 7,385 Cash acquired (5) Net cash paid (2) 7,380 (1) In 2022 the PPA was pending finalization, as the allocation of the value in the assets was still in process, As a result of the purchase price allocation which was finalized in 2023, additional fair value adjustments were recognized in 2023 as follows: an increase in total net assets of Ps. 4,635 (from which Ps. 3,893 are customer relationships and Ps. 8 are trademark rights), and a decrease in goodwill of Ps. 3,824. Trademark rights and goodwill both included in the same financial statement caption, indefinite life intangibles. The Company did not retrospectively adjust the provisional amounts recognized in the statement of financial position and the income statement (amortization for definite life intangibles) at the acquisition date given the amounts recognized in the current period are insignificant. (2) Cash flow from this acquisition is included as part of discontinued operations on the consolidated statements of cash flows. 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. 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 Consideration not paid on acquisition date (186) Consideration paid in acquisition date, net 1,761 Cash acquired of CVI (104) Net cash paid Ps. 1,657 The final allocation of the purchase price to the fair value of the net assets acquired is as follows: 2023 Total current assets, including cash acquired of Ps. 39 Ps. 271 Customer relationships 188 Trademark rights 26 Technology cost 145 Total non-current assets 97 Total assets 727 Total liabilities (223) Net assets acquired 504 Goodwill arising on acquisition 3,918 Total consideration transferred 4,422 Earn out (596) Cash acquired (39) Net cash paid Ps. 3,787 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 arising on acquisition 623 Total consideration transferred 1,269 Cash acquired (6) Net cash paid Ps. 1,263 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. 85 Ps. 2,103 Customer relationships 1,269 Trademark rights 14 Total non-current assets 909 Total assets 4,295 Total liabilities (1,535) Net assets acquired 2,760 Goodwill arising on acquisition 5,443 Total consideration transferred 8,203 Cash acquired (85) Net cash paid (2) Ps. 8,118 (1) In 2022 the PPA was pending finalization, as the allocation of the value in the assets was still in process, As a result of the purchase price allocation which was finalized in 2023, additional fair value adjustments were recognized in 2023 as follows: an increase in total net assets of Ps. 1,783 (from which Ps. 1,269 are customer relationships and Ps. 14 are trademark rights), and a decrease in goodwill of Ps. 1,054. Trademark rights and goodwill both included in the same financial statement caption, indefinite life intangibles. The Company did not retrospectively adjust the provisional amounts recognized in the statement of financial position and the income statement (amortization for definite life intangibles) at the acquisition date given the amounts recognized in the current period are insignificant. (2) Cash flow from this acquisition is included as part of discontinued operations on the consolidated statements of cash flows. 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 Trademark rights 58 Other non-current assets 1,594 Total assets 7,311 Total liabilities (2,907) Net assets acquired 4,404 Goodwill arising on acquisition 5,545 Total consideration transferred 9,949 Cash acquired (337) Net cash paid Ps. 9,612 (1) In 2021 the PPA was pending finalization, as the allocation of the value in the assets was still in process, As a result of the purchase price allocation which was finalized in 2022, additional fair value adjustments were recognized in 2022 as follows: an increase in total net assets of Ps. 3,068 (from which Ps. 2,864 are customer relationships and Ps. 58 are trademark rights), and a decrease in goodwill of Ps. 2,395. Trademark rights and goodwill both included in the same financial statement caption, indefinite life intangibles. The Company did not retrospectively adjust the provisional amounts recognized in the statement of financial position and the income statement (amortization for definite life intangibles) at the acquisition date given the amounts recognized in the current period are insignificant.
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, 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, 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, 2023 is as follows: Income Statement 2023 Total revenues Ps. 1,527 Income before income taxes 2 Net loss Ps. (11) The income statement information of this acquisition for the period from the acquisition date through December 31, 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 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
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, 2023 Total revenues Ps. 710,327 Income before income taxes and share of the profit of equity method accounted investees 57,826 Net income 76,622 Basic net controlling interest income per share Series “B” Ps. 3.27 Basic net controlling interest income per share Series “D” 4.09 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 loss per share Series “B” Ps. 1.43 Basic net controlling interest loss per share Series “D” 1.78
Summary of Income Statement of Discontinued Operations	A summary of the results of the discontinued operation from January 1 to December 31, 2023, corresponding to Heineken's equity method, is shown below: December 31, 2023 Proceeds from the sale of shares Ps. 133,222 Cost of sale of shares 106,273 26,949 Expenses related to the sale (430) Recycling: Foreign exchange loss of the equity method (9,235) Gain on the remeasurement of the value of derivative instruments 738 Employee benefits (1,247) Cancellation effects of hedge of foreign net investment (Note 19) 5,763 (3,981) Equity method: Results for the period, net of tax 619 Foreign exchange of the period (2,141) (1,523) Change in investment recognition: Gain on revaluation at fair value of the shares 26,820 Taxes Cancellation of deferred tax asset related to the investment (4,134) Tax paid on the sale of shares (10,697) Gain on sale of shares reclassified to discontinued operations Ps. 33,003 2023 Cash Ps. 319 Trade receivables 6,567 Inventories 2,636 Other current assets 866 Total Current Assets 10,387 Property, plant and equipment 3,830 Right-of-use assets 2,827 Intangible assets 6,250 Other assets 2,525 Total Assets 25,819 Lease liabilities 674 Operating liabilities 7,631 Total Current Liabilities 8,305 Non-current portion lease liabilities 2,391 Employee benefits 479 Other liabilities 396 Total Liabilities Ps. 11,569 The results of the discontinued operations related to these dispositions, which are all part of the same disposal decision related to the FEMSA Forward strategy, for the years ended are shown below: 2023 2022 2021 Net sales Ps. 80,634 Ps. 76,194 Ps. 50,801 Cost of goods sold 62,275 66,044 43,272 Gross profit 18,359 10,150 7,529 Operating profit 3,997 1,972 (1,777) Loss before income taxes of discontinued operations (1,334) (4,816) (1,799) Income taxes 511 (1,120) (712) Gain on sale of discontinued operations 59 — — Net loss of the period of discontinued operations (1) Ps. (765) Ps. (5,936) Ps. (2,511) Heineken 33,003 7,359 10,775 Total discontinued operations Ps. 32,238 Ps. 1,423 Ps. 8,264
Disclosure of non-current assets held for sale and discontinued operations [text block]	The major classes of assets and liabilities classified as held for sale as at December 31, 2023 are, as follows: 2023 Cash Ps. 319 Trade receivables 6,567 Inventories 2,636 Other current assets 866 Total Current Assets 10,387 Property, plant and equipment 3,830 Right-of-use assets 2,827 Intangible assets 6,250 Other assets 2,525 Total Assets 25,819 Lease liabilities 674 Operating liabilities 7,631 Total Current Liabilities 8,305 Non-current portion lease liabilities 2,391 Employee benefits 479 Other liabilities 396 Total Liabilities Ps. 11,569

Cash and Cash Equivalents (Tabl

Cash and Cash Equivalents (Tables)	12 Months Ended
	Dec. 31, 2023
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, 2023 December 31, 2022 Cash and bank balances Ps. 90,114 Ps. 39,598 Cash equivalents (see Note 3.5) 74,998 43,841 Ps. 165,112 Ps. 83,439

Investments (Tables)

Investments (Tables)	12 Months Ended
	Dec. 31, 2023
Investment property [abstract]
Schedule of Investments Classified as Amortized Cost	The following is a detail of such investments: Fixed-rate Corporate debt securities 2023 2022 Acquisition cost Ps. — Ps. 21 Accrued interest — 30 Bank deposits Acquisition cost Ps. 26,354 Ps. — Accrued interest 374 — Total investments Ps. 26,728 Ps. 51

Trade Accounts Receivable, Net

Trade Accounts Receivable, Net (Tables)	12 Months Ended
	Dec. 31, 2023
Trade and other receivables [abstract]
Disclosure of Accounts Receivable, Net	December 31, 2023 December 31, 2022 Trade accounts receivable Ps. 34,047 Ps. 39,331 The Coca-Cola Company (see Note 15) 378 776 Loans to employees 114 131 Heineken Group (see Note 15) 352 1,172 Others 6,507 6,355 41,398 47,765 Allowance for expected credit losses (2,535) (2,238) Ps. 38,863 Ps. 45,527
Disclosure of Aging of Accounts Receivable (Days Current or Outstanding)	Aging of accounts receivable (days current or outstanding) December 31, 2023 December 31, 2022 Current Ps. 25,424 Ps. 36,978 0‑30 days 9,892 7,517 31‑60 days 1,398 1,037 61‑90 days 835 463 91‑120 days 1,017 291 120+ days 2,832 1,479 Total Ps. 41,398 Ps. 47,765
Disclosure of Changes in Allowance for Expected Credit Losses	7.2 Changes in the allowance for expected credit losses 2023 2022 2021 Balance at the beginning of the period Ps. 2,238 Ps. 1,951 Ps. 2,462 Allowance for the period 1,367 1,060 496 Additions (write-offs) of uncollectible accounts (557) (945) (821) Addition from business combinations 3 166 — Effects of changes in foreign exchange rates (26) 6 (186) Disposal of businesses (490) — — Balance at the end of the period Ps. 2,535 Ps. 2,238 Ps. 1,951

Inventories (Tables)

Inventories (Tables)	12 Months Ended
	Dec. 31, 2023
Inventories [Abstract]
Summary of Inventories	December 31, 2023 December 31, 2022 Finished products Ps. 51,939 Ps. 53,185 Raw materials 3,701 6,383 Spare parts 1,145 1,159 Work in process 899 1,028 Inventories in transit 538 469 Ps. 58,222 Ps. 62,224
Summary of Changes in Inventories	For the years ended 2023, 2022 and 2021, changes in inventories are comprised of the following and included in the consolidated income statement under the cost of goods sold caption: 2023 2022 (Revised) 2021 (Revised) Changes in inventories of finished goods and work in process Ps. 286,346 Ps. 234,174 Ps. 246,134 Raw materials and consumables used 115,542 84,984 42,014 Total Ps. 401,888 Ps. 319,158 Ps. 288,148

Other Current Assets and Othe_2

Other Current Assets and Other Current Financial Assets (Tables)	12 Months Ended
	Dec. 31, 2023
Current assets [abstract]
Summary of Other Current Assets	December 31, 2023 December 31, 2022 Prepaid expenses Ps. 3,331 Ps. 3,953 Agreements with customers, net of accumulated amortization 126 208 Licenses 233 247 Other 127 70 Ps. 3,817 Ps. 4,478
Summary of Prepaid Expenses	As of December 31, 2023 and 2022, the Company’s prepaid expenses are as follows: December 31, 2023 December 31, 2022 Advances for inventories Ps. 1,826 Ps. 1,964 Advertising and promotional expenses paid in advance 96 119 Advances to service suppliers 4 44 Prepaid leases 63 64 Prepaid insurance 674 332 Others 668 1,430 Ps. 3,331 Ps. 3,953
Summary of Other Current Financial Assets	9.2 Other current financial assets 2023 2022 Restricted cash Ps. 304 Ps. 1,103 Derivative financial instruments (see Note 21) 431 10,061 Notes receivable (1) 16,125 205 Ps. 16,860 Ps. 11,369 (1) In 2023, the Company sold its investment in Jetro Restaurant Depot. As part of the purchase sale agreement, a note receivable was agreed for U.S.$933 (Ps. 15,954), see Note 14.2.
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, 2023 and 2022, the restricted cash pledged was held in: 2023 2022 U.S. Dollars Ps. 304 Ps. 1,095 Chilean pesos — 8 Ps. 304 Ps. 1,103

Equity Method Accounted Inves_2

Equity Method Accounted Investees (Tables)	12 Months Ended
	Dec. 31, 2023
Investments in subsidiaries, joint ventures and associates reported in separate financial statements [abstract]
Summary of Equity Accounted Investees	As of December 31, 2023 and 2022, Company’s equity method accounted investees are as follows: Ownership Percentage Carrying Value Investee Principal Activity Place of Incorporation December 31, 2023 December 31, 2022 December 31, 2023 December 31, 2022 Heineken (1) (2) Beverages The Netherlands — % 14.8 % Ps. — Ps. 92,282 IFS TopCo LLC (4) Distribution United States 37.1 % — % 15,032 — Coca-Cola FEMSA: Joint ventures: Dispensadoras de Café, S.A.P.I. de C.V. Services Mexico 50.0 % 50.0 % 223 189 Fountain Agua Mineral, L.T.D.A. Beverages Brazil 50.0 % 50.0 % 808 752 Planta Nueva Ecología De Tabasco, S.A. de C.V. Recycling Mexico 50.0 % 50.0 % 1,139 578 Associates: Promotora Industrial Azucarera, S.A. de C.V. (“PIASA”) Sugar production Mexico 36.4 % 36.4 % 3,454 3,632 Industria Envasadora de Querétaro, S.A. de C.V. (“IEQSA”) Canned bottling Mexico 26.5 % 26.5 % 215 157 Industria Mexicana de Reciclaje, S.A. de C.V. (“IMER”) Recycling Mexico 35.0 % 35.0 % 99 100 Jugos del Valle, S.A.P.I. de C.V. Beverages Mexico 28.2 % 29.3 % 2,831 2,267 Leao Alimentos e Bebidas, L.T.D.A. Beverages Brazil 25.1 % 25.1 % 298 388 Alimentos de Soja S.A.U. Beverages Argentina 10.7 % 10.7 % 23 282 Other investments in Coca-Cola FEMSA Various Various Various Various 156 107 Proximity Americas Division: Joint ventures: Raizen Conveniências Proximity Brazil 50.0 % 50.0 % 1,636 2,371 Other investments (1) (3) Various Various Various Various 333 564 Ps. 26,247 Ps. 103,669 (1) Associate. (2) As of December 31, 2022 comprised of 8.63% of Heineken, N.V. and 12.26% of Heineken Holding, N.V., which represented an economic interest of 14.76% in Heineken Group. The Company had significant influence, mainly, because it participated in the Board of Directors of Heineken Holding, N.V. and the Supervisory Board of Heineken N.V. During the first semester of 2023, the Company completed the Heineken share offering, leaving less than 1% of economic interest in Heineken Group, therefore the Company no longer maintains significant influence over this Group. (3) Joint ventures. (4)
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 Amounts in millions Peso Euro Total current assets Ps. 227,480 €. 11,015 Total non-current assets 854,803 41,391 Total current liabilities 293,050 14,190 Total non-current liabilities 336,543 16,296 Total equity 452,690 21,920 Equity attributable to equity holders 403,765 19,551 Total revenue and other income Ps. 598,072 €. 28,866 Total cost and expenses 509,333 24,583 Net income Ps. 62,965 €. 3,039 Net income attributable to equity holders 55,568 2,682 Other comprehensive income 6,257 302 Total comprehensive income Ps. 69,222 €. 3,341 Total comprehensive income attributable to equity holders 62,965 3,039
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 Amounts in millions Peso Euro Equity attributable to equity holders of Heineken Ps. 403,765 €. 19,551 Economic ownership percentage % 14.76 % 14.76 Investment in Heineken investment exclusive of goodwill and other adjustments Ps. 59,560 €. 2,884 Effects of fair value determined by purchase price allocation 14,528 704 Goodwill 18,194 881 Heineken investment Ps. 92,282 €. 4,469 Reconciliation from the equity of the associate IFS TopCo LLC to the investment of the Company. December 31, 2023 Amounts in millions Peso U.S. dollars Fair value of IFS TopCo Ps. 36,169 $. 2,141 Economic ownership percentage % 37.08 % 37.08 Investment in IFS TopCo investment exclusive of goodwill and other adjustments Ps. 13,412 $. 794 Goodwill pending to be allocated 1,620 96 IFS TopCo investment (1) Ps. 15,032 $. 890 (1) IFS TopCo purchase price allocation will be finalized during the twelve month remeasurement period after the acquisition date.
Schedule of Company's Share of Other Comprehensive Income from Equity Investees, Net of Taxes	For the year ended December 31, 2023, 2022 and 2021, the Company’s share of other comprehensive income from equity investees, net of taxes are as follows: 2023 2022 2021 Items that may be reclassified to consolidated net income: Valuation of the effective portion of derivative financial instruments Ps. (526) Ps. (286) Ps. 32 Exchange differences on translating foreign operations 6,623 2,655 2,893 Total Ps. 6,097 Ps. 2,369 Ps. 2,925 Items that may not be reclassified to consolidated net income in subsequent periods: Remeasurements of the net defined benefit liability Ps. 897 Ps. 267 Ps. 590

Property, Plant and Equipment (

Property, Plant and Equipment (Tables)	12 Months Ended
	Dec. 31, 2023
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 1,2021 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 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 8,237 939 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 (19) (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) (15) (5,626) Effects of changes in foreign exchange rates (458) (1,167) (1,955) (1,276) (1,707) (589) 641 (166) (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. 31,031 Ps. 105,004 Ps. 18,301 Ps. 22,970 Ps. 16,206 Ps. 31,356 Ps. 1,256 Ps. 236,775 Cost as of January 1, 2023 Ps. 10,651 Ps. 31,031 Ps. 105,004 Ps. 18,301 Ps. 22,970 Ps. 16,206 Ps. 31,356 Ps. 1,256 Ps. 236,775 Additions (1) 135 319 9,193 855 2,782 18,376 4,572 566 36,798 Additions from business acquisitions — — 64 — — 2 — — 66 Business combinations from disposals — — 70 — — — — — 70 Changes in the fair value of past acquisitions 73 (15) 189 — — — — 10 257 Transfer of completed projects in progress 558 1,582 6,008 2,346 2,110 (12,621) 3 14 — Transfer (to)/from assets classified as held for sale — — 57 — — — — — 57 Disposals (327) (799) (9,656) (1,245) (270) (322) (1,012) (100) (13,731) Disposal of Envoy Solutions — — (1,001) — — (91) (200) (17) (1,309) Effects of changes in foreign exchange rates (523) (2,174) (5,845) (1,299) (2,155) (1,109) (266) (371) (13,742) Effects on the recognition of inflation effects 177 587 1,897 400 655 123 4 — 3,843 Cost as of December 31, 2023 Ps. 10,744 Ps. 30,531 Ps. 105,980 Ps. 19,358 Ps. 26,092 Ps. 20,564 Ps. 34,457 Ps. 1,358 Ps. 249,084 (1) Total includes Ps. 890, Ps. 2,278 and Ps. 3,784 outstanding payment to suppliers, as of December 31, 2023, 2022 and 2021 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, 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 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. (9,543) Ps. (53,250) Ps. (9,873) Ps. (15,074) Ps. 4 Ps. (14,511) Ps. (527) Ps. (102,774) Accumulated Depreciation as of January 1, 2023 Ps. — Ps. (9,543) Ps. (53,250) Ps. (9,873) Ps. (15,074) Ps. 4 Ps. (14,511) Ps. (527) Ps. (102,774) Depreciation for the year — (1,021) (10,309) (1,844) (3,257) — (2,784) (196) (19,411) Transfer to/(from) assets classified as held for sale — — (43) — — — — — (43) Disposals — 260 6,494 1,249 261 (4) 592 63 8,915 Disposal of Envoy Solutions — — 344 — — — 70 (38) 376 Effects of changes in foreign exchange rates — 708 3,898 793 1,783 — 398 241 7,821 Changes in value on the recognition of inflation effects — (218) (1,265) (291) (649) — (2) (13) (2,438) Accumulated Depreciation as of December 31, 2023 Ps. — Ps. (9,814) Ps. (54,131) Ps. (9,966) Ps. (16,936) Ps. — Ps. (16,237) Ps. (470) Ps. (107,554) 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, 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. 21,488 Ps. 51,754 Ps. 8,428 Ps. 7,896 Ps. 16,210 Ps. 16,845 Ps. 729 Ps. 134,001 As of December 31, 2023 Ps. 10,744 Ps. 20,717 Ps. 51,849 Ps. 9,392 Ps. 9,156 Ps. 20,564 Ps. 18,220 Ps. 888 Ps. 141,530

Leases (Tables)

Leases (Tables)	12 Months Ended
	Dec. 31, 2023
Leases, 1 [Abstract]
Schedule of Right-Of-Use Assets	During 2023, the changes in the Company’s right-of-use assets were as follows: Land and buildings Other (1) Total Cost as of January 1, 2023 Ps. 81,753 2,213 83,966 Additions 21,858 772 22,630 Changes in fair value of past acquisitions 2,774 30 2,804 Transfer (from)/to assets classified as held for sale (6,721) (618) (7,339) Disposals (5,956) (141) (6,097) Remeasurements 8,416 674 9,090 Depreciation (13,889) (879) (14,768) Effects of changes in foreign exchange rates and restatement effects associated with hyperinflationary economies (2,184) (161) (2,345) Right-of-use assets, net as of December 31 2023 Ps. 86,051 1,890 87,941 (1) Other assets mainly include transportation equipment and servers. During 2022, the changes 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.
Schedule Of Lease Liabilities	As of December 31, 2023, the lease liabilities are integrated as follows: December 31, 2023 Maturity analysis – contractual undiscounted cash flows Less than one year Ps. 24,267 One to five years 57,694 Five to ten years 40,107 More than ten years 18,700 Total undiscounted lease liabilities on December 31 140,768 Lease liabilities included in the statement of financial position on December 31 96,073 Current 12,236 Non-Current Ps. 83,837 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

Intangible Assets (Tables)

Intangible Assets (Tables)	12 Months Ended
	Dec. 31, 2023
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, 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. Rights to Goodwill Trademark Rights Other Total Unamortized Intangible Technology Costs and Management Systems Customer Relationships Alcohol Other Total Amortized Intangible Total Intangible Cost as of January 1, 2023 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 Additions — — — 4 4 1,966 — 261 1,174 3,401 3,405 Acquisitions from business combinations (see Note 4) — 3,918 26 — 3,944 145 188 — 25 358 4,302 Changes in fair value of past acquisitions — (12,273) 7,683 — (4,590) — 5,162 — (117) 5,045 455 Business disposals (12) (25,036) (3,009) (56) (28,113) (482) (17,788) — (29) (18,299) (46,412) Transfer of completed development systems (224) — — 227 3 292 — — (295) (3) — Disposals — (2) — (2) (4) (197) — (161) (235) (593) (597) Effect of movements in exchange rates (1,568) (3,744) (810) 45 (6,077) (424) (814) — (683) (1,921) (7,998) Changes in value on the recognition of inflation effects — — — — — — — — 70 70 70 Impairment — (4,995) — — (4,995) — — — — — (4,995) Business combinations from disposals — 1,950 — — 1,950 — — — — — 1,950 Cost as of December 31, 2023 Ps. 73,952 Ps. 45,522 Ps. 12,934 Ps. 1,483 Ps. 133,891 Ps. 12,205 Ps. 236 Ps. 2,077 Ps. 5,441 Ps. 19,959 Ps. 153,850 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 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) Amortization as of January 1 2023 Ps. — Ps. — Ps. — Ps. — Ps. — Ps. (7,021) Ps. (3,152) Ps. (939) Ps. (1,786) Ps. (12,898) Ps. (12,898) Amortization expense — — — — — (1,519) (1,113) (116) (547) (3,295) (3,295) Disposals — — — — — 161 — — 209 370 370 Business disposals — — — — — 276 4,010 — 51 4,337 4,337 Impairment — — (36) — (36) — — — — — (36) Effect of movements in exchange rates — — — — — 578 188 15 187 968 968 Changes in value on the recognition of inflation effects — — — — — (78) — — — (78) (78) Amortization as of December 31 2023 Ps. — Ps. — Ps. (36) Ps. — Ps. (36) Ps. (7,603) Ps. (67) Ps. (1,040) Ps. (1,886) Ps. (10,596) Ps. (10,632) 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 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 As of December 31 2023 Ps. 73,952 Ps. 45,522 Ps. 12,898 Ps. 1,483 Ps. 133,855 Ps. 4,602 Ps. 169 Ps. 1,037 Ps. 3,555 Ps. 9,363 Ps. 143,218
Schedule of Allocation of Amortization Expenses	For the years ended December 31, 2023, 2022 and 2021, allocation for amortization expense is as follows: 2023 2022 2021 Cost of goods sold Ps. 1,229 Ps. 207 Ps. 254 Administrative expenses 1,257 1,771 1,630 Selling expenses 809 718 810 Ps. 3,295 Ps. 2,696 Ps. 2,694
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 3 - 10 Customer Relationships 6 - 25 Alcohol Licenses 12
Disclosure of Aggregate Carrying Amounts of Goodwill and Distribution Rights Allocated to Each CGU	The aggregate carrying amounts of goodwill, distribution rights and other indefinite lived intangible assets allocated to each CGU are as follows: December 31, 2023 December 31, 2022 Mexico Ps. 56,662 Ps. 56,967 Guatemala 1,684 1,691 Nicaragua 404 404 Costa Rica 1,418 1,418 Panama 1,169 1,170 Colombia 3,635 3,583 Brazil 30,018 31,883 Argentina 245 426 Uruguay 2,381 2,512 Total Ps. 97,616 Ps. 100,054
Details of Key Assumptions by CGU for Impairment Test	The key assumptions by CGU for impairment testing as of December 31, 2023 were as follows: CGU Pre-tax WACC Post-tax WACC Expected Annual Long-Term Inflation Expected 2024‑2028 2024‑2028 Mexico 9.0 % 6.3 % 4.3 % 4.4 % Brazil 10.1 % 6.8 % 3.8 % 3.8 % Colombia 12.2 % 7.7 % 4.2 % 6.8 % Argentina 20.8 % 16.1 % 70.8 % 4.8 % Guatemala 9.3 % 7.3 % 4.0 % 14.9 % Costa Rica 11.4 % 8.8 % 2.9 % 6.6 % Nicaragua 23.3 % 16.4 % 2.6 % 6.5 % Panama 11.6 % 8.6 % 2.0 % 7.8 % Uruguay 9.7 % 7.4 % 5.7 % 3.7 % The key assumptions by CGU for impairment testing as of December 31, 2022 were as follows: Pre-tax WACC Post-tax WACC Expected Annual Expected CGU 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 the significant CGU (Chile) in the Health Division (Mexico, Colombia and Ecuador are insignificant) for impairment test as of December 31, 2023 was as follows: CGU Pre-tax WACC Post-tax WACC Expected Annual Expected Sales Growth Rates 2024‑2028 Chile 7.3 % 6.4 % 2.6 % 0.2 % The key assumptions by the significant CGU in the Health Division for impairment test as of December 31, 2022 was as follows: CGU Pre-tax WACC Post-tax WACC Expected Annual Expected Sales Growth Rates 2023‑2027 Chile 9.3 % 6.5 % 4.9 % 0.6 %
Disclosure of Detailed Information About Sensitivity to Changes in Assumptions	CGU Change in WACC Change in Volume Growth CAGR (1) Effect on Valuation Mexico +0.6 p.p. -1.0 % Passes by 3.2x Brazil +0.8 p.p. -1.0 % Passes by 0.9x Colombia +0.9 p.p. -1.0 % Passes by 1.1x Argentina +3.3 p.p. -1.0 % Passes by 0.9x Guatemala +0.7 p.p. -1.0 % Passes by 5.4x Costa Rica +0.8 p.p. -1.0 % Passes by 4x Nicaragua +3.3 p.p. -1.0 % Passes by 0.8x Panama +0.7 p.p. -1.0 % Passes by 2.2x Uruguay +0.3 p.p. -1.0 % Passes by 2x (1) Compound Annual Growth Rate (“CAGR”). CGU Change in WACC Change in Sales Growth CAGR Effect on Valuation Chile 0.7 p.p. (0.5) % Passes by 1.85x

Other Assets and Other Financia

Other Assets and Other Financial Assets (Tables)	12 Months Ended
	Dec. 31, 2023
Non-current assets [abstract]
Summary of Other Non-Current Assets	14.1 Other non-current assets December 31, 2023 December 31, 2022 Agreements with customers, net of accumulated amortization and other rights Ps. 766 Ps. 771 Non-current prepaid advertising expenses 238 184 Guarantee deposits (1) 1,410 1,612 Prepaid bonuses 445 327 Advances to acquire property, plant and equipment 1,432 981 Recoverable taxes 2,120 1,844 Indemnifiable assets from business combinations (2) 1,030 1,555 Others 1,055 1,984 Ps. 8,496 Ps. 9,258 (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, 2023 December 31, 2022 Non-current accounts receivable (3) Ps. 1,686 Ps. 1,686 Derivative financial instruments (see Note 21) 3,880 3,520 Others 1,587 923 Other investments measured at FVTPL (2) 7,514 — Other investments in equity instruments at FVOCI (1) — 17,681 Ps. 14,667 Ps. 23,810 (1) In 2023, the Company sold its investment in Jetro Restaurant Depot. As part of the purchase sale agreement, a note receivable was agreed for U.S.$933 (Ps. 15,954), see Note 9.2. (2) The Company maintains an investment in Heineken shares that are linked to the Convertible Bond issued in February 2023. (3) Includes long-term notes receivable held to maturity for Ps. 696, as well as long-term receivable for Ps. 543 related to Health Division.

Balances and Transactions wit_2

Balances and Transactions with Related Parties and Affiliated Companies (Tables)	12 Months Ended
	Dec. 31, 2023
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, 2023 December 31, 2022 Balances Due from The Coca-Cola Company (see Note 7) (1) (6) Ps. 378 Ps. 776 Balance with BBVA Bancomer, S.A. de C.V. (2) 5,233 3,891 Balance with Grupo Scotiabank Inverlat, S.A. (2) 3,897 2,350 Due from Heineken Group (5) — 2,455 Other receivables (1) 93 114 Due to The Coca-Cola Company (4) (6) Ps. 1,196 Ps. 1,248 Due to BBVA Bancomer, S.A. de C.V. (3) 1,651 2,317 Due to Heineken Group (5) — 3,214 Due to Grupo Financiero Scotiabank Inverlat, S.A. (4) 124 65 Other payables (4) 1,845 2,711 (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) As a result of the Heineken share offering during 2023, Heineken is no longer considered a related party. (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, 2023, 2022 and 2021, there was no expense resulting from uncollectible balances due from related parties. Transactions 2023 2022 2021 Income: Services to Heineken Group (5) Ps. — Ps. 3,796 Ps. 2,530 Logistic services to Jugos del Valle (1) 601 552 514 Interest revenues from BBVA Bancomer, S.A. de C.V . (3) 3,346 2,297 2,146 Interest revenues from Grupo Financiero Scotiabank Inverlat, S.A . (3) 413 455 302 Other revenues from related parties 1,671 963 814 Expenses: Purchase of concentrate from The Coca-Cola Company (2) Ps. 46,461 Ps. 43,717 Ps. 37,213 Purchases of beer from Heineken Group (5) — 16,006 19,552 Purchase of baked goods and snacks from Grupo Bimbo, S.A.B. de C.V. (3) 7,264 6,101 4,417 Advertisement expense paid to The Coca-Cola Company (2) (4) 869 545 1,482 Purchase of juices from Jugos del Valle, S.A.P.I. de C.V . (1) 5,301 4,990 4,102 Purchase of sugar from Promotora Industrial Azucarera, S.A. de C.V. (1) 2,841 2,841 2,213 Interest expense and fees paid to BBVA Bancomer, S.A. de C.V. (3) 215 472 72 Purchase of sugar from Beta San Miguel (1) 917 724 938 Purchases of inventories from Fountain Agua Mineral Ltda 638 — — Purchase of canned products from IEQSA (1) 843 577 234 Purchases from Sigma Alimentos (3) 2,466 — — Purchase of inventories from Leao Alimentos e Bebidas, L.T.D.A. (1) 181 215 1,320 Purchases of material from Ecolab, Inc (3) — 99 450 Advertising paid to Grupo Televisa, S.A.B . (3) 196 123 167 Insurance premiums for policies with Grupo Nacional Provincial, S.A.B . (3) — 10 1 Donations to Fundación FEMSA, A.C. (3) 309 232 144 Donations to Difusión y Fomento Cultural, A.C. 123 20 32 Donations to ITESM (3) 237 371 208 Purchases of resine to IMER (1) 458 504 416 Other expenses with related parties 225 57 206 (1) Associates. (2) Non-controlling interest. (3) Members of the board of directors in FEMSA participate in the board of directors of this entity, management.believes that due to this fact and the level of transactions with the entity, the disclosure provides relevant information to users. (4) Net of the contributions from The Coca-Cola Company of Ps. 2,450, Ps. 1,170 and Ps. 2,437, for the years ended in 2023, 2022 and 2021, respectively. (5) As a result of the Heineken share offering during 2023, Heineken is no longer considered a related party.
Schedule of Key Management Remuneration	The aggregate compensation paid to executive officers and senior management of the Company were as follows: 2023 2022 2021 Short-term employee benefits paid Ps. 3,742 Ps. 2,381 Ps. 1,934 Postemployment benefits 54 53 52 Termination benefits 935 63 36 Share-based payments (Note 18.2) 943 866 853

Balances and Transactions in _2

Balances and Transactions in Foreign Currencies (Tables)	12 Months Ended
	Dec. 31, 2023
Balances and Transactions in Foreign Currencies [Abstract]
Summary of Assets, Liabilities and Transactions in Foreign Currencies	For the three years ended on December 31, 2023, 2022 and 2021, 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, 2023 U.S. dollars Ps. 128,143 Ps. 895 Ps. 5,534 Ps. 71,969 Euros 4,311 — 498 19,404 Other currencies 46 1,311 6 — Total Ps. 132,500 Ps. 2,206 Ps. 6,038 Ps. 91,373 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 Transactions Revenues Other Operating Revenues Purchases of Raw Materials Interest Expense Consulting Fees Asset Acquisitions Share Disposition Other For the year ended December 31, 2023 U.S. dollars Ps. 13,322 Ps. 5,981 Ps. 21,806 Ps. 1,266 Ps. 815 Ps. 40 Ps. — Ps. 5,022 Euros 3,064 1 185 288 782 — 3,120 11 Other currencies 9 2 — — — 3 — — Total Ps. 16,395 Ps. 5,984 Ps. 21,991 Ps. 1,554 Ps. 1,597 Ps. 43 Ps. 3,120 Ps. 5,033 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. — 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. — 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. — 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. — Ps. 2,973
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 15, 2023 2022 2024 U.S. dollar 16.8935 19.3615 16.4583 Euro 18.6896 20.7810 17.7503

Employee Benefits (Tables)

Employee Benefits (Tables)	12 Months Ended
	Dec. 31, 2023
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, 2023 December 31, 2022 December 31, 2021 Financial: Discount rate used to calculate the defined benefit obligation 10.20 % 9.90 % 8.00 % Salary increase 4.75 % 4.75 % 4.50 % Future pension increases 3.75 % 3.75 % 3.50 % Healthcare cost increase rate 6.00 % 6.00 % 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 2024 Ps. 701 Ps. 359 Ps. 18 Ps. 1,078 2025 400 262 19 681 2026 402 242 20 664 2027 544 234 22 800 2028 549 226 24 799 2029 to 2033 3,888 1,157 155 5,200
Summary of Balances of the Liabilities for Employee Benefits	December 31, 2023 December 31, 2022 Pension and Retirement Plans: Defined benefit obligation Ps. 15,560 Ps. 15,113 Pension plan assets at fair value (14,061) (14,324) Effect due to asset ceiling 3,098 3,851 Discontinued operations (195) — Net defined benefit liability Ps. 4,402 Ps. 4,640 Seniority Premiums: Defined benefit obligation Ps. 2,416 Ps. 2,068 Seniority premium plan assets at fair value (123) (128) Discontinued operations (235) — Net defined benefit liability Ps. 2,058 Ps. 1,940 Postretirement Medical Services: Defined benefit obligation Ps. 604 Ps. 556 Medical services plan assets at fair value (95) (88) Discontinued operations (49) — Net defined benefit liability Ps. 460 Ps. 468 Total Employee Benefits Ps. 6,920 Ps. 7,048
Summary of Trust Assets	Plan assets consist of fixed and variable return financial instruments recorded at fair value (Level 1), which are invested as follows: 2023 2022 Fixed return: Traded securities 4 % 2 % Bank instruments 16 % 13 % Federal government instruments of the respective countries 47 % 52 % Variable return: Publicly traded shares 33 % 33 % 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, 2023 December 31, 2022 Debt: BBVA Bancomer, S.A de C.V. Ps. 46 Ps. 9 Grupo Industrial Bimbo, S.A.B. de C. V. 18 5 Equity: Grupo Industrial Bimbo, S.A.B. de C. V. 1 —
Summary of Amount Recognized in Consolidated Income Statements and Consolidated Statements of Comprehensive Income	Consolidated Income Statement AOCI (1) December 31, 2023 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. 489 Ps. 288 Ps. (243) Ps. 367 Ps. 1,311 Seniority premiums 345 21 (21) 178 117 Postretirement medical services 32 13 (14) 45 (29) Total Ps. 866 Ps. 322 Ps. (278) Ps. 590 Ps. 1,399 December 31, 2022 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 (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, 2023 December 31, 2022 December 31, 2021 Amount accumulated in other comprehensive income as of the beginning of the period, net of tax Ps. 1,661 Ps. 2,078 Ps. 2,099 Actuarial (gains) losses arising from exchange rates (100) (77) 11 Remeasurements during the year, net of tax 314 211 744 Actuarial (gains) and losses arising from changes in financial assumptions 223 (1,848) (776) Actuarial (gains) and losses arising from changes in demographic assumptions (4) (71) — Business Acquisitions — 336 — Return on plan assets (92) 713 — Changes in the effect of limiting a net defined benefit asset to the asset ceiling (546) 319 — Effect of settlement (533) — — Amount accumulated in other comprehensive income as of the end of the period, net of tax Ps. 923 Ps. 1,661 Ps. 2,078
Summary of Changes in the Balance of the Defined Benefit Obligation for Post-employment	December 31, 2023 December 31, 2022 December 31, 2021 Pension and Retirement Plans: Initial balance Ps. 15,113 Ps. 8,015 Ps. 7,679 Current service cost 489 534 390 Past service cost 288 163 2,881 Interest expense 820 687 527 Gain on settlement (243) (280) (2,884) Remeasurements of the net defined benefit obligation 531 (2,073) (42) Foreign exchange (gain) or loss (48) (79) 28 Benefits paid (1,504) (1,146) (564) Business Acquisitions — 9,189 — Employees contributions 119 103 — Plan amendments (4) — — Discontinued operations (195) — — Ending balance Ps. 15,366 Ps. 15,113 Ps. 8,015 Seniority Premiums: Initial balance Ps. 2,068 Ps. 2,108 Ps. 1,763 Current service cost 345 328 290 Past service cost 21 7 836 Interest expense 191 160 124 Gain on settlement (21) (13) (839) Remeasurements of the net defined benefit obligation 66 (342) 112 Benefits paid (254) (180) (178) Discontinued operations (235) — — Ending balance Ps. 2,181 Ps. 2,068 Ps. 2,108 Postretirement Medical Services: Initial balance Ps. 556 Ps. 647 Ps. 812 Current service cost 32 32 44 Past service cost 13 26 236 Interest expense 54 52 57 Gain on settlement (14) (29) (271) Remeasurements of the net defined benefit obligation 5 (136) (191) Benefits paid (43) (36) (40) Discontinued operations (49) — — Ending balance Ps. 554 Ps. 556 Ps. 647
Summary of Changes in the Balance of Plan Assets	December 31, 2023 December 31, 2022 December 31, 2021 Total Plan Assets: Initial balance Ps. 14,540 Ps. 3,170 Ps. 3,001 Actual return on trust assets 522 (695) 152 Foreign exchange loss (150) 60 — Life annuities 6 (3) 17 Business Acquisitions — 12,417 — Benefits paid (731) (533) — Plan amendments (126) (101) — Employees´contributions 102 103 — Employer´s contributions 130 133 — Administration cost (14) (11) — Ending balance Ps. 14,279 Ps. 14,540 Ps. 3,170
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: ctualiz +1%: Consolidated 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. 644 Ps. (199) Ps. 250 Ps. 1,289 Seniority premiums 346 (17) 164 108 Postretirement medical services 37 (10) 37 (20) Total Ps. 1,027 Ps. (226) Ps. 451 Ps. 1,377 Expected salary increase Pension and retirement plans Ps. 834 Ps. (227) Ps. 413 Ps. 1,358 Seniority premiums 382 (20) 189 137 Total Ps. 1,216 Ps. (247) Ps. 602 Ps. 1,495 Assumed rate of increase in healthcare costs Postretirement medical services Ps. 52 Ps. (14) Ps. 52 Ps. (39) -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. 830 Ps. (232) Ps. 468 Ps. 1,384 Seniority premiums 387 (19) 194 128 Postretirement medical services 52 (14) 52 (39) Total Ps. 1,269 Ps. (265) Ps. 714 Ps. 1,473 Expected salary increase Pension and retirement plans Ps. 711 Ps. (199) Ps. 313 Ps. 1,327 Seniority premiums 346 (17) 166 102 Total Ps. 1,057 Ps. (216) Ps. 479 Ps. 1,429 Assumed rate of increase in healthcare costs Postretirement medical services Ps. 36 Ps. (9) Ps. 37 Ps. (20) (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, 2023, 2022 and 2021, employee benefits expenses recognized in the consolidated income statements as cost of goods sold, administrative and selling expenses are as follows: 2023 2022 2021 Wages and salaries Ps. 97,751 Ps. 83,433 Ps. 70,238 Social security costs 15,941 13,511 11,737 Employee profit sharing 2,419 2,598 2,035 Post-employment benefits 910 854 684 Share-based payments (Note 15) 943 866 854 Ps. 117,964 Ps. 101,262 Ps. 85,548

Bonus Programs (Tables)

Bonus Programs (Tables)	12 Months Ended
	Dec. 31, 2023
Bonus Programs [Abstract]
Summary of Number of Shares Held by the Trust	As of December 31, 2023 and 2022, 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 2023 2022 2023 2022 Beginning balance 5,723,019 3,672,586 1,860,379 1,701,074 Shares acquired by the administrative trust to employees 4,844,120 4,256,433 1,139,180 1,266,283 Shares released from administrative trust to employees upon vesting (3,283,941) (2,206,000) (1,095,319) (1,106,978) Ending balance 7,283,198 5,723,019 1,904,240 1,860,379

Bank Loans and Notes Payable (T

Bank Loans and Notes Payable (Tables)	12 Months Ended
	Dec. 31, 2023
Bank Loans and Notes Payable [Abstract]
Summary of Detailed Information About Borrowings	As of December 31, (1) Carrying Fair Carrying Value at Value at Value at (in millions of Mexican pesos) 2024 2025 2026 2027 2028 2029 and Thereafter December 31, 2023 December 31, 2023 December 31, 2022 Short-term debt: Fixed-rate debt: Euros Bank loans Ps. 15 Ps. — Ps. — Ps. — Ps. — Ps. — Ps. 15 Ps. 15 — Interest rate 2.6 % — % — % — % — % — % 2.6 % — — % Argentine pesos Bank loans 72 — — — — — 72 72 Ps. — Interest rate 130.0 % — % — % — % — % — % 130.0 % — % — % Chilean pesos Bank loans 633 — — — — — 633 633 1,072 Interest rate 9.6 % — % — % — % — % — % 9.6 % — 12.3 % Variable-rate debt: Mexican pesos Bank loans 979 — — — — — 979 978 790 Interest rate 13.3 % — % — % — % — % — % 13.3 % — 12.5 % Chilean pesos Bank loans 754 — — — — — 754 754 — Interest rate 9.2 % — % — % — % — % — 9.2 % — % Total short-term debt Ps. 2,453 Ps. — Ps. — Ps. — Ps. — Ps. — Ps. 2,453 Ps. 2,452 Ps. 1,862 (1) All interest rates shown in this table are weighted average contractual annual rates. As of December 31, (1) Carrying Value at December 31, 2023 Fair Value at December 31, 2023 Carrying Value at December 31, 2022⁽¹⁾ 2029 and Thereafter (in millions of Mexican pesos) 2024 2025 2026 2027 2028 Long-term debt: Fixed-rate debt: Euro Senior unsecured notes Ps. — Ps. — Ps. 9,064 Ps. — Ps. 5,473 Ps. 4,451 Ps. 18,988 Ps. 18,088 Ps. 24,563 Interest rate — % — % 2.6 % — % 0.5 % 1.0 % 1.6 % — 0.8 % Promissory notes 616 — — 168 — 280 1,064 1,064 2,448 Interest rate 1.1 % — % — % 2.1 % — % 2.4 % 1.3 % — 1.4 % Swiss franc — Promissory notes 463 — — — — — 463 463 482 Interest rate 0.8 % — % — % — % — % — % 0.8 % — 0.8 % U.S. dollars Yankee bond (2) — — — — — 36,352 36,352 33,719 41,429 Interest rate — % — % — % — % — % 3.1 % 3.1 % — 3.1 % Bank of NY (FEMSA USD 2023) — — — — — — — — 5,808 Interest rate (1) — % — % — % — % — % — % — % — 2.9 % Bank of NY (FEMSA USD 2043) — — — — — 7,121 7,121 6,379 13,405 Interest rate (1) — % — % — % — % — % 4.4 % 4.4 % — 4.4 % Bank of NY (FEMSA USD 2050) — — — — — 26,162 26,162 19,917 48,170 Interest rate (1) — % — % — % — % — % 3.5 % 3.5 % — 3.5 % Bank loans 1,968 115 — — — — 2,083 2,083 2,320 Interest rate 3.6 % 6.7 % — % — % — % — % 3.8 % — 5.1 % Mexican pesos (CEBUR MXN L22-2L) — — — — — 8,434 8,434 8,678 8,436 Interest rate (1) — % — % — % — % — % 9.7 % 9.7 % — 9.7 % Domestic senior notes — — — 8,495 9,960 5,491 23,946 22,439 31,438 Interest rate — % — — 7.9 % 7.4 % 10.0 % 8.1 % — 7.5 % Bank loans 184 24 91 194 151 — 644 644 429 Interest rate 11.0 % 8.7 % 9.5 % 12.0 % 12.8 % — % 11.4 % — 10.0 % Brazilian reais Bank loans 21 — — — — — 21 21 56 Interest rate 6.9 % — % — % — % — % — % 6.9 % — 7.0 % Chilean pesos Bank loans 27 — — — — — 27 27 317 Interest rate 9.3 % — % — % — % — % — % 9.3 % — 1.2 % Uruguayan pesos Bank loans — — — — — — — — 976 Interest rate — % — % — % — % — % — % — % — 6.3 % Subtotal Ps. 3,279 Ps. 139 Ps. 9,155 Ps. 8,857 Ps. 15,584 Ps. 88,291 Ps. 125,305 Ps. 113,522 Ps. 180,277 (1) All interest rates shown in this table are weighted average contractual annual rates. As of December 31, (1) Carrying Value at December 31, 2023 Fair Value at December 31, 2023 Carrying Value at December 31, 2022⁽¹⁾ 2029 and Thereafter (in millions of Mexican pesos) 2024 2025 2026 2027 2028 Variable-rate debt: Euro Promissory notes Ps. 1,700 Ps. — Ps. — Ps. — Ps. — Ps. — Ps. 1,700 Ps. 1,700 Ps. 2,560 Interest rate 4.8 % — % — % — % — % — % 4.8 % — 1.1 % Swiss franc Promissory notes 603 — — — — — 603 603 691 Interest rate 2.1 % — % — % — % — % — % 2.1 % — 0.8 % Mexican pesos (CEBUR MXN L22) — — — 826 — — 826 832 827 Interest rate (1) — % — % — % 11.6 % — % — % 11.6 % — 10.9 % Domestic senior notes — 1,728 2,925 — — — 4,653 4,650 4,650 Interest rate (1) — % 11.6 % 11.6 % — % — % — % 11.6 % — 10.4 % Bank Loans 410 10 — 434 416 — 1,270 1,270 542 Interest rate (1) 12.8 % 13.7 % — % 13.6 % 12.7 % — % 13.0 % — 12.9 % Brazilian reais Bank loans 6 6 2 — — — 14 14 28 Interest rate 8.8 % 8.9 % 8.9 % — % — % — % 8.9 % — 9.8 % Colombian pesos Bank loans — — — — — — — — 33 Interest rate — % — % — % — % — % — % — % — 5.9 % Chilean pesos Bank loans — — — — — — — — 271 Interest rate — % — % — % — % — % — % — % — 4.9 % Subtotal Ps. 2,719 Ps. 1,744 Ps. 2,927 Ps. 1,260 Ps. 416 Ps. — Ps. 9,066 Ps. 9,069 Ps. 9,602 Total long-term debt Ps. 5,998 Ps. 1,883 Ps. 12,082 Ps. 10,117 Ps. 16,000 Ps. 88,291 Ps. 134,371 Ps. 122,591 Ps. 189,879 Current portion of long-term debt (5,998) (16,479) Ps. 136,824 Ps. 191,741 (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, the Company applied hedging to a portion of the Senior Notes of US$ 705, which are linked to an interest rate swap. Starting in 2022, the hedging gain or loss adjust the carrying amount of the hedged item and is recognized in the consolidated income statement under “Market value (gain) loss in financial instruments”. During the year ended December 31, 2023, the Company recognized a loss of Ps. 371 in the consolidated 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.
Summary of Financial Instruments by Type of Interest Rate	2029 and Total Total Hedging Derivative Financial Instruments (1) 2024 2025 2026 2027 2028 Thereafter 2023 2022 (notional amounts in millions of Mexican pesos) ` Cross-currency swaps: U.S. dollars to Mexican pesos Fixed to a variable (3) (4) Ps. — Ps. — Ps. — Ps. — Ps. — 6,031 Ps. 6,031 Ps. 15,082 Interest pay rate — % — — — — 56.1 % 56.1 % 7.4 % Interest receive rate — % — — — — 3.6 % 3.6 % 3.9 % Fixed to fixed — — — — — 10,000 10,000 11,743 Interest pay rate — % — — — — 8.9 % 8.9 % 8.8 % Interest receive rate — % — — — — 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 — — — — 6,009 4,931 10,940 22,130 Interest pay rate — — — — 1.7 % 2.1 % 1.9 % 2.4 % Interest receive rate — — — — 0.5 % 1.0 % 0.7 % 3.5 % U.S. dollars to Brazilian reais Fixed to variable — — — 4,223 1,689 — 5,912 6,777 Interest pay rate — — — 12.4 % 2.8 % — 11.6 % 11.5 % Interest receive rate — — — 2.1 % 2.8 % — 2.3 % 2.1 % Fixed to fixed 8,109 — — — — — 8,109 9,294 Interest pay rate 8.0 % — — — — — 8.0 % 11.5 % Interest receive rate 2.8 % — — — — — 2.8 % 3.2 % Colombian pesos Fixed to fixed — — — — 987 — 987 1,476 Interest pay rate — % — — — 6.3 % — 6.3 % 6.8 % Interest receive rate — % — — — 2.8 % — 2.8 % 2.6 % Interest rate swaps: Fixed to variable rate: — — — — — 8,447 8,447 9,681 Interest pay rate — — — — — 5.7 % 5.7 % 5.0 % Interest receive rate — — — — — 1.9 % 1.9 % — % Variable to a fixed rate: 1,943 — — — — — 1,943 2,905 Interest pay rate 3.6 % — % — — — — 3.6 % 4.1 % Interest receive rate 1.9 % — % — — — — 1.9 % 1.9 % Variable to fixed rate (3) : Interest pay rate — — — — — — — 7.2 % Interest receive rate — — — — — — — 7.0 % Total 10,052 — — 4,223 8,685 29,409 52,369 79,088 (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.6,031, 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.8,447 that receive a variable rate of 7.0% and pay a fixed rate of 7.2%; joined with a cross-currency swaps, which covers U.S. dollars to Mexican pesos, that receives a fixed rate of 4.4% and pay a variable rate of 9.4%. (4) In 2023, the Company had an unwind of part of its cross currency swaps related with the debt prepayment.
Summary of Interest Expense	For the years ended December 31, 2023, 2022 and 2021, the interest expense is comprised as follows: 2023 2022 (Revised) 2021 (Revised) Interest on debts and borrowings Ps. 8,555 Ps. 8,129 Ps. 9,356 Interest expense charges for employee benefits (Note 17.4) 590 553 476 Derivative instruments (1,891) 1,795 1,970 Finance operating charges 821 (413) (290) Interest expense for leases liabilities (Note 12) 6,841 5,789 5,118 Ps. 14,916 Ps. 15,853 Ps. 16,630
Disclosure of Interest Income	For the years ended December 31, 2023, 2022 and 2021, the interest income is comprised as follows: 2023 2022 (Revised) 2021 (Revised) Tender Offer gain Ps. 6,961 Ps. — Ps. — Interest on investments 9,566 3,782 1,465 Finance operating products 514 — — Others 568 (13) 23 Ps. 17,609 Ps. 3,769 Ps. 1,488
Summary of Liabilities Arising from Financing Activities	Carrying Carrying Value at Value at January 1, 2023 Cash Flows Non-cash effects December 31, 2023 Foreign Business New leases Exchange Others (1) Acquisitions / Disposal Income (Loss) Bank loans Ps. 12,893 Ps. (1,526) Ps. 3 Ps. — Ps. (852) Ps. — Ps. 10,518 Notes payable 178,848 (30,657) — — (15,364) (6,521) 126,306 Total liabilities from financing activities 191,741 (32,183) 3 — (16,216) (6,521) 136,824 Lease liabilities 93,317 (16,171) 48 20,698 (1,891) 72 96,073 Total financing activities Ps. 285,058 Ps. (48,354) Ps. 51 Ps. 20,698 Ps. (18,107) Ps. (6,449) Ps. 232,897 (1) Includes mainly remeasurements of leases, and amortized costs. Carrying Value at Carrying January Value at 1, 2022 Cash Flows (2) Non-cash effects December 31, 2022 Foreign Acquisition New leases Exchange Others (1) Income (Loss) Bank loans Ps. 7,580 Ps. (415) Ps. 6,181 Ps. — Ps. (78) Ps. (375) Ps. 12,893 Notes payable 183,005 6,718 — — (8,957) (1,919) 178,848 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. (2) Cash flows of Total liabilities from financing activities include Ps. 5,973 from continuing operations and Ps. 330 from discontinued operations. Carrying Value at Carrying January Value at 1, 2021 Cash Flows (2) 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 liabilities from financing activities 246,973 (11,184) 1,540 7,871 (123) 7,863 252,940 (1) Includes mainly remeasurements of leases, and amortization of transaction costs. (2) Cash flows of Total liabilities from financing activities include Ps. 1,146 from continuing operations and Ps. (5) from discontinued operations.

Other Income and Expenses (Tabl

Other Income and Expenses (Tables)	12 Months Ended
	Dec. 31, 2023
Other Income and Expenses, 1 [Abstract]
Summary of Other Income and Expenses	2023 2022 (Revised) 2021 (Revised) Gain on sale of other assets Ps. 473 Ps. — Ps. 968 Gain on sale of long-lived assets 400 301 176 Sale of waste material — 2 13 Insurance rebates 279 64 32 Foreign exchange gain 815 124 — Other investment in shares (4) 3,311 — — Recoveries of prior years taxes (1) 483 354 809 Investment in equity instruments (5) (6) 6,785 113 3,245 Other investments 415 — — Others 141 93 323 Other income Ps. 13,102 Ps. 1,051 Ps. 5,566 Recoveries of prior years Ps. 958 Ps. 9 Ps. 41 Impairment of long-lived assets (2) 1,248 833 1,427 Disposal of long-lived assets (3) 466 389 534 Contingencies, net (Note 26) 1,110 456 244 Severance payments 998 224 357 Donations 711 512 425 Legal fees and other expenses from past acquisitions — 210 112 Foreign exchange loss — — 84 Items without tax requirements 139 96 167 Interest and penalties of previous years taxes 385 — — Other 237 167 334 Other expenses Ps. 6,252 Ps. 2,896 Ps. 3,725 (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 "other income" captions of the consolidated income statements. See Note 25.1.1. (2) Includes impairment losses in Health Division related with the Company's operation in Ecuador for an amount of Ps. 596 and Ps. 770 in 2023 and 2022, respectively; due to market conditions; as well as an impairment loss in Mexico for an amount of Ps. 480 in 2023 related with a challenging competitive environment. Additionally, the Company recognized impairment losses in Coca-Cola FEMSA for its investment in Alimentos de Soja S.A.U. for an amount of Ps. 143 in 2023, as well as its investmet in Trop Frutas Do Brasil LTDA. for an amount of Ps. 256 in 2021. (3) Charges related to fixed assets retirement from ordinary operations and other long-lived assets. (4) Related to dividends received from Heineken. (5) During 2021, the Company received dividends related to its investment in Jetro Restaurant Depot. (6) In 2023, the Company sold its investment in Jetro Restaurant Depot.

Financial Instruments (Tables)

Financial Instruments (Tables)	12 Months Ended
	Dec. 31, 2023
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, 2023, and 2022: December 31, 2023 December 31, 2022 Level 1 Level 2 Level 1 Level 2 Financial instruments (current asset) 228 203 351 9,710 Financial instruments (non-current asset) 14,279 11,394 14,540 21,201 Financial instruments (current liability) 202 536 64 404 Financial instruments (non-current liability) — 8,653 — 5,651
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, 2023 and 2022, which is considered to be level 1 in the fair value hierarchy. December 31, 2023 December 31, 2022 Carrying value Ps. 136,824 Ps. 191,741 Fair value 125,043 163,312
Disclosure of Outstanding Interest Rate Swap Agreements	As of December 31, 2023, the Company has the following outstanding interest rate swap agreements: Notional Fair Value Liability Fair Value Asset Maturity Date Amount December 31, 2023 December 31, 2023 2024 Ps. 2 Ps. — Ps. 65 2032 8,447 (1,381) — As of 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) —
Disclosure of Outstanding Forward Agreements to Purchase Foreign Currency	As of December 31, 2023, the Company had the following outstanding forward agreements to purchase foreign currency: Notional Fair Value Liability Fair Value Asset Maturity Date Amount December 31, 2023 December 31, 2023 2024 Ps. 11,449 Ps. (573) Ps. 36 As of 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 — —
Disclosure of Outstanding Cross Currency Swap Agreements	As of December 31, 2023, the Company had the following outstanding cross–currency swap agreements: Notional Fair Value Liability Fair Value Asset Maturity Date Amount December 31, 2023 December 31, 2023 2024 Ps. 954 Ps. (35) Ps. 103 2025 49,834 (2) 119 2026 6,045 (1,017) 98 2027 8,949 (1,391) 9 2028 6,009 — 89 2029 20 — 337 2030 13,633 (803) — 2032 845 (51) — 2033 4,931 — 117 2035 10,000 (3,809) — 2043 5,398 — 1,877 2050 3,471 — 1,235 As of 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
Disclosure of Fair Value of Commodity Price Contracts	As of December 31, 2023, Coca-Cola FEMSA had the following sugar price contracts: Notional Fair Value Liability Fair Value Asset Maturity Date Amount December 31, 2023 December 31, 2023 2024 Ps. 2,593 Ps. (130) Ps. 206 2025 745 (72) — As of 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 As of December 31, 2023, Coca-Cola FEMSA had the following aluminum price contracts: Notional Fair Value Liability Fair Value Asset Maturity Date Amount December 31, 2023 December 31, 2023 2024 Ps. 647 Ps. — Ps. 21 As of 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
Disclosure of Net Effects of Expired Contracts Met Hedging Criteria	Impact in Consolidated Income Statement 2023 2022 2021 Cross-currency swaps (1) Interest expense Ps. (392) Ps. 1 Ps. — Cross-currency swaps (1) Foreign exchange (747) (5) — Interest rate swaps Interest expense — — — Forward agreements to purchase foreign currency Foreign exchange 180 565 41 Commodity price contracts Cost of goods sold 430 599 1,245 Options to purchase foreign currency Cost of goods sold — — — Forward agreements to purchase foreign currency Cost of goods sold (1,834) (681) (788) (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 2023 2022 2021 Cross currency swaps and interest rate swaps Market value gain (loss) on financial instruments Ps. 141 Ps. (2,270) Ps. 80
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 2023 FEMSA (1) +11% MXN/USD Ps. 9 ‑11% MXN/USD (9) +7% CHF/EUR 78 ‑7% CHF/EUR (78) +7% EUR/USD (6) ‑7% EUR/USD 6 Coca-Cola FEMSA +11% MXN/USD 465 ‑11% MXN/USD (465) +12% BRL/USD 521 ‑12% BRL/USD (521) +16% COP/USD 225 ‑16% COP/USD (225) Change in Foreign Currency Risk Exchange Rate Effect on Equity +120% ARS/USD 685 ‑120% ARS/USD (685) +5% UYU/USD 20 ‑5% UYU/USD (20) +7% CRC/USD 15 -7% CRC/USD (15) 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) (1) Change in Cross Currency Swaps (1) Exchange Rate Effect on Equity Effect on Profit or Loss 2023 FEMSA (2) +14% CLP/USD Ps. — Ps. 678 ‑14% CLP/USD — (678) +11% MXN/USD — 1,796 ‑11% MXN/USD — (1,796) +16% COP/USD — 425 ‑16% COP/USD — (425) +12% BRL/USD — 34 ‑12% BRL/USD — (34) +8% EUR/USD — 742 ‑8% EUR/USD — (742) Coca-Cola FEMSA +11% MXN/USD 1,314 — ‑11% MXN/USD (1,314) — +12% BRL/USD 1,683 — ‑12% BRL/USD (1,683) — 2022 FEMSA (2) +21% CLP/USD Ps. — Ps. 966 ‑21% CLP/USD — (996) +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 (2) +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) +6% EUR/USD — 1,049 ‑6% EUR/USD — (1,049) Coca-Cola FEMSA +11% MXN/USD 1,645 — ‑11% MXN/USD (1,645) — +16% BRL/USD 2,300 — ‑16% BRL/USD (2,300) — (1) Includes the sensitivity analysis effects of all derivative financial instruments related to foreign exchange risk. (2) Does not include Coca-Cola FEMSA. Change in Net Cash in Foreign Currency Exchange Rate Effect on Profit or Loss 2023 FEMSA (1) +11% EUR/ +11 % USD Ps. 14,617 ‑11% EUR/ -11 % USD (14,617) Coca-Cola FEMSA +11% USD 1,797 ‑11% USD (1,797) 2022 FEMSA (1) +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 (1) +10% EUR/ +11 % USD Ps. 4,931 ‑10% EUR/ -11 % USD (4,931) Coca-Cola FEMSA +11% USD 3,200 ‑11% USD (3,200) (1) Does not include Coca-Cola FEMSA. Change in Commodity Price Contracts U.S.$ Rate Effect on Equity 2023 Coca-Cola FEMSA Sugar -29 % Ps. (765) Alumimum -22 % Ps. (2,812) 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)
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 2023 FEMSA (2) (100 Bps.) Ps. (9) 2022 FEMSA (2) (100 Bps.) Ps. (90) 2021 FEMSA (2) (100 Bps.) Ps. (212) (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 2023 2022 2021 Change in interest rate +100 Bps. +100 Bps. +100 Bps. Effect on profit loss Ps. (250) Ps. (249) Ps. (627)
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, 2023. 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 lease liabilities) without fixed amount or timing are based on economic conditions (like interest rates and foreign exchange rates) existing on December 31, 2023. 2024 2025 2026 2027 2028 2029 and thereafter Total Non-derivative financial liabilities: Notes and bonds Ps. — Ps. 1,728 Ps. 11,989 Ps. 9,321 Ps. 15,433 Ps. 88,010 Ps. 126,481 Loans from Banks 8,452 155 93 796 567 280 10,343 Derivative financial liabilities (307) 45 (919) (1,382) 89 (2,478) (4,952)
Summary of Financial Instruments to Hedge Exposure to Foreign Exchange Rates and Interest Rates	As of December 31, 2023, 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 3,049 1,781 — Average exchange rate MXN/USD 18.39 18.40 — Net exposure 2,486 1,370 — Average exchange rate BRL/USD 5.10 5.07 — Net exposure 757 334 — Average exchange rate COP/USD 4,436 4,316 — Net exposure 150 — — Average exchange rate ARS/USD 668.06 — — Net exposure 344 163 — Average exchange rate URY/USD 40.18 40.66 — Net exposure 154 117 — Average exchange rate CRC/USD 558.89 556.00 — Net exposure — — — Average exchange rate ARS/MXN — — — Foreign exchange currency swap contracts Net exposure — — 43,095 Average exchange rate MXN/USD — — 17.77 Net exposure 174 — 14,022 Average exchange rate BRL/USD 4.81 — 5.05 Net exposure — 1,109 1,822 Average exchange rate COP/USD — 3,601.94 3,743.16 Net exposure — 286,246 2,082 Average exchange rate CLP/USD — 870.50 764.40 Net exposure — — 10,939 Average exchange rate EUR/USD — — 1.09 Interest rate risk Interest rate swaps Net exposure — — 8,447 Interest rate average BRL — — 0.16 % Net exposure — — — Interest rate average MXN — — — Net exposure — 2 — Interest rate average CLP — 3.57 % — Net exposure — — — Interest rate average USD — — — Commodities risk Aluminum 298 349 — Average price (USD/Ton) 2,304 2,364 — Sugar 1,703 890 745 Average price (USD cent/Lb) 22.43 22.18 22.62 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 Ps. 3,405 Ps. 2,485 Ps. 2 Average exchange rate MXN/USD 20.71 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 19.00 18.11 Net exposure — 9,294 6,874 Average exchange rate BRL/USD — 4.00 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 — Maturity 1‑6 months 6‑12 months More than 12 Sugar 1,058 631 468 Average price (USD cent/Lb) 17.62 17.08 17.14
Reconciliation Per Category of Equity Components and Analysis of OCI Components, Net of Tax Generated by Cash Flow Hedges	As of December 31, 2023, 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. 1,881 Cash flows hedges Fair value changes: Foreign exchange currency risk – Purchase of stock (1,950) Foreign exchange currency risk – Other stock (360) Interest rate risk 64 Commodity price contracts – Purchase of stock 145 The amounts reclassified to profit and loss: Foreign exchange currency risk – Other stock 2,671 Interest rate risk 201 The amounts included in non-financial costs: Foreign exchange currency risk – Purchase of stock 1,806 Commodity price contracts – Purchase of stock (363) Taxes due to changes in reserves during the period (3,140) Balances at the end of the period Ps. 956
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 Cross-currency swaps Interest rate swaps Commodity price contracts Equity holders of the parent Non-controlling interest Total As at January 1, 2022 Ps. (124) Ps. 3,403 Ps. (34) 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. 2,049 Ps. 111 Ps. 22 Ps. 1,958 Ps. (77) Ps. 1,881 Financial instruments – purchases (350) 50 — (59) (359) (608) (967) Change in fair value of financial instruments recognized in OCI (595) (1,514) 64 128 (1,917) (2,078) (3,995) Amount reclassified from OCI to profit or loss 848 2,698 201 (171) 3,576 746 4,322 Foreign currency revaluation of the net foreign operations — 1,277 — — 1,277 1,577 2,854 Effects of changes in foreign exchange rates 2 — — (1) 1 — 1 Tax effect 45 (3,335) (19) 33 (3,276) 136 (3,140) As at December 31, 2023 Ps. (273) Ps. 1,224 Ps. 357 Ps. (48) Ps. 1,260 Ps. (304) Ps. 956

Non-Controlling Interest in C_2

Non-Controlling Interest in Consolidated Subsidiaries (Tables)	12 Months Ended
	Dec. 31, 2023
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, 2023 and 2022 is as follows: December 31, 2023 December 31, 2022 Coca-Cola FEMSA Ps. 73,151 Ps. 72,128 Proximity Americas Division 1,046 1,004 Envoy Solutions — 1,777 Other 312 288 Ps. 74,509 Ps. 75,197
Summary of Changes in Non-Controlling Interest	The changes in the FEMSA’s non-controlling interest were as follows: 2023 2022 2021 Balance at beginning of the period Ps. 75,197 Ps. 72,516 Ps. 69,444 Net income of non-controlling interest 10,988 10,834 9,183 Other comprehensive loss: (3,465) (2,198) (368) Exchange differences on translation of foreign operation (3,325) (1,558) (1,342) Remeasurements of the net defined benefits liability 87 173 (36) Valuation of the effective portion of derivative financial instruments (227) (813) 1,010 Dividends (6,551) (6,176) (5,729) Share based payment 22 (57) (14) Other acquisitions and remeasurements — 5 — Repurchase of non-controlling interests — (79) — Contribution from non-controlling interest — 352 — Disposals of businesses (Envoy and others) (1,682) — — Balance at end of the period Ps. 74,509 Ps. 75,197 Ps. 72,516
Summary of Non-Controlling Interest's Accumulated Other Comprehensive Loss	Non-controlling interest’s accumulated other comprehensive loss is comprised as follows: December 31, 2023 December 31, 2022 Exchange differences on translation foreign operation Ps. (12,882) Ps. (9,557) Remeasurements of the net defined benefits liability (335) (422) Valuation of the effective portion of derivative financial instruments (307) (80) Accumulated other comprehensive loss Ps. (13,524) Ps. (10,059)
Summary of Financial Information of Coca-Cola FEMSA	Summarized financial information in respect of Coca-Cola FEMSA is set out below: December 31, 2023 December 31, 2022 Total current assets Ps. 67,738 Ps. 79,212 Total non-current assets 205,782 198,783 Total current liabilities 54,916 57,960 Total non-current liabilities 84,899 88,159 Total revenue Ps. 245,088 Ps. 226,740 Consolidated net income 20,226 19,626 Consolidated comprehensive income for the year, net of tax Ps. 14,104 Ps. 15,767 Net cash flows generated from operating activities 42,289 35,491 Net cash flows used in investing activities (20,070) (19,597) Net cash flows used in financing activities (26,352) (20,847)

Equity (Tables)

Equity (Tables)	12 Months Ended
	Dec. 31, 2023
Equity [abstract]
Summary of Capital Stock	As of December 31, 2023, 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 As of December 31, 2022, 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, 2023, 2022 and 2021 the dividends declared and paid by the Company and Coca-Cola FEMSA were as follows: 2023 2022 2021 FEMSA Ps. 12,247 Ps. 11,358 Ps. 7,687 Coca-Cola FEMSA (100% of dividend) 12,185 11,407 10,588 For the years ended December 31, 2023, 2022 and 2021 the dividends declared and paid per share by the Company are as follows: Series of Shares 2023 2022 2021 “B” Ps. 0.61070 Ps. 0.56600 Ps. 0.38333 “D” 0.76340 0.70850 0.47917

Earnings per Share (Tables)

Earnings per Share (Tables)	12 Months Ended
	Dec. 31, 2023
Earnings per share [abstract]
Calculation of Basic and Diluted Earnings Per Share Amounts	2023 2022 2021 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 9,239.73 8,617.94 9,241.72 8,625.92 9,242.88 8,630.54 Effect of dilution associated with non-vested shares for share based payment plans 6.69 26.78 4.70 18.79 3.54 14.17 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 from continuing operations 1.67 2.09 1.12 1.40 1.01 1.26 Diluted earnings per share from continuing operations 1.67 2.09 1.12 1.40 1.01 1.26 Basic earnings per share from discontinued operations 1.61 2.02 0.07 0.09 0.41 0.52 Diluted earnings per share from discontinued operations 1.61 2.01 0.07 0.09 0.41 0.52 Allocation of earnings, weighted 46.11 % 53.89 % 46.11 % 53.89 % 46.11 % 53.89 % Net controlling interest income allocated from continuing operations Ps. 15,425 Ps. 18,026 Ps. 10,369 Ps. 12,117 Ps. 9,329 Ps. 10,902 Net controlling interest income allocated from discontinued operations Ps. 14,865 Ps. 17,373 Ps. 656 Ps. 767 Ps. 3,811 Ps. 4,453

Taxes (Tables)

Taxes (Tables)	12 Months Ended
	Dec. 31, 2023
Taxes [Abstract]
Schedule of income tax rates	The income tax rates in the countries where the Company operates as of December 31, 2023, 2022 and 2021 were as follows: 2023 2022 2021 Mexico 30.0 % 30.0 % 30.0 % Guatemala 25.0 % 25.0 % 25.0 % Costa Rica 30.0 % 30.0 % 30.0 % Panama 25.0 % 25.0 % 25.0 % Nicaragua 30.0 % 30.0 % 30.0 % Colombia 35.0 % 35.0 % 31.0 % Argentina 35.0 % 35.0 % 30.0 % Brazil 34.0 % 34.0 % 34.0 % Chile 27.0 % 27.0 % 27.0 % Peru 29.5 % 29.5 % 29.5 % Ecuador 25.0 % 25.0 % 25.0 % Uruguay 25.0 % 25.0 % 25.0 % United States 21.0 % 21.0 % 21.0 % Switzerland 18.6 % 18.6 % 18.6 %
Summary of Major Components of Income Tax Expense	The major components of income tax expense for the years ended December 31, 2023, 2022 and 2021 are: 2023 2022 (Revised) 2021 (Revised) Current tax expense Ps. 30,413 Ps. 17,007 Ps. 14,244 Deferred tax expense (benefit): Origination and reversal of temporary differences 247 (1,164) 2,390 Utilization (benefit) of tax losses, net (3,198) (389) (1,498) Change in the statutory rate (172) (102) 4 Total deferred tax expense (benefit) (3,123) (1,655) 896 Total income taxes Ps. 27,290 Ps. 15,352 Ps. 15,140 Total income taxes attributable to continued operation Ps. 12,971 Ps. 13,275 Ps. 13,566 Total income taxes attributable to discontinued operation 14,319 2,077 1,574 Ps. 27,290 Ps. 15,352 Ps. 15,140
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: 2023 2022 2021 Unrealized gain (loss) on cash flow hedges Ps. (355) Ps. (1,158) Ps. 992 Exchange differences on translation of foreign operations (1,951) (3,742) (1,730) Remeasurements of the net defined benefit liability 11 383 127 Share of the other comprehensive income of equity method accounted investees (1) 3,108 1,129 1,506 Total income tax expense (benefit) recognized in OCI Ps. 813 Ps. (3,388) Ps. 895 (1) Deferred income taxes related to currency translation adjustment, mark to market of derivative financial instruments and employee benefits for equity method accounted investees which as of December 31, 2023 amounted to Ps. 2,953, Ps. (239), and Ps. 394, 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, 2023, 2022 and 2021 is as follows: 2023 2022 (Revised) 2021 (Revised) Mexican statutory income tax rate 30.0 % 30.0 % 30.0 % Difference between book and tax inflationary values and translation effects (1.7) % (5.4) % (4.8) % Annual inflation tax adjustment 0.2 % 7.0 % 7.7 % Income tax at a rate other than Mexican statutory rates 0.9 % 2.8 % 0.2 % Non-deductible expenses 2.1 % 3.8 % 2.1 % Taxable (non-taxable) income (3.2) % 1.4 % 2.3 % Others 0.1 % 0.1 % 0.1 % Adjustments for previous tax years — % 0.4 % — % Income Tax credits (1) — % — % (1.5) % Tax loss (recognition) write off (2) (3) (3.3) % (5.5) % (1.4) % Sale of investment of Heineken 1.2 % — % — % Consolidated Effective income tax rate 26.3 % 34.6 % 34.7 % Effective income tax rate from continued operations 22.7 % 33.0 % 34.3 % Effective income tax rate from discontinued operations 3.6 % 1.6 % 0.4 % (1) 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. (2) During 2022, Coca-Cola FEMSA recognized an amount of Ps.(2,194) as favorable effects on the deferred tax assets of its territories taking into account our expectation that those deferred tax assets will be recovered in the future. (3) The majority related to tax loss generated in 2023 from a reorganization of the business at Health Division in Chile.
Deferred Tax Assets and Liabilities	Deferred Income Tax Related to: Consolidated Statement Consolidated of Financial Position as of Income Statements December 31, 2023 December 31, 2022 2023 2022 (Revised) 2021 (Revised) Expected credit losses Ps. (356) Ps. (389) Ps. (6) Ps. 21 Ps. (3) Inventories (61) (107) (1) 99 (17) Other current assets 317 99 92 (78) 47 Property, plant and equipment, net (7,075) (7,288) 275 (1,345) (1,081) Right of use Assets (1,166) (1,433) 194 (151) (482) Investments in equity method accounted investees (51) (7,330) 74 (58) (22) Other assets 315 (283) (884) 36 (2) Finite useful lived intangible assets 131 3 145 (139) 498 Indefinite lived intangible assets 1,499 3,693 (2,161) 402 36 Post-employment and other long-term employee benefits (821) (736) (79) (71) (258) Derivative financial instruments (240) 420 (577) (111) 738 Temporary non-deductible provisions (4,602) (3,971) (1,006) 43 1,280 Employee profit sharing payable (1,003) (871) (56) (304) (393) Tax loss carryforwards (13,137) (10,177) (3,198) (389) (1,498) Tax credits to recover (1) (797) (1,065) (73) 255 1,200 Cumulative other comprehensive income (394) (218) — (417) — Exchange differences on translation of foreign operations in OCI 2,000 4,603 — — — Other liabilities (1,785) (752) (45) 322 1 Lease liabilities (446) (382) (255) (272) 53 Liabilities of amortization of goodwill of business acquisition 7,445 6,117 — — 86 Deferred income tax Ps. (7,561) Ps. (2,157) Ps. 183 Deferred tax income net recorded in share of the profit of equity method accounted investees 1,601 567 443 Deferred income tax, net Ps. (5,960) Ps. (1,590) Ps. 626 Deferred tax discontinued operations Ps. 2,838 Ps. (65) Ps. 270 Deferred income taxes, net Ps. (20,227) Ps. (20,067) Deferred tax asset before reclassification to assets held for sale (29,639) Deferred tax asset from assets held for sale 2,041 Deferred tax assets Ps. (27,598) Ps. (26,890) Deferred tax liability before reclassification to assets held for sale 7,373 Deferred tax liability from assets held from sale (2) Deferred tax liabilities Ps. 7,371 Ps. 6,823 (1)
Deferred Tax related to Other Comprehensive Income (AOCI)	Income tax related to items charged or recognized directly in AOCI as of the year: 2023 2022 Unrealized gain on derivative financial instruments Ps. 324 Ps. 688 Remeasurements of the net defined benefit liability (221) (251) Exchange differences on translation of foreign operations 1,828 3,778 Gain on hedge of net investments in foreign operations 1,401 2,216 Share of other comprehensive income of associated companies and joint ventures — (3,108) Total deferred tax loss related to AOCI Ps. 3,332 Ps. 3,323
Schedule of Changes in Net Deferred Income Tax Asset	The changes in the balance of the net deferred income tax asset are as follows: 2023 2022 2021 Balance at the beginning of the period Ps. (20,067) Ps. (14,691) Ps. (16,010) Deferred tax provision for the period (Note 25.8) (5,960) (1,115) 622 Deferred tax income net recorded in share of the profit of equity method accounted investees 2 (694) 277 Acquisition of subsidiaries 1,871 — — Effects in equity: Unrealized (gain) on cash flow hedges (594) (1,281) 1,006 Exchange differences on translation of foreign operations 1,002 (2,604) (491) Remeasurements of the net defined benefit liability 405 497 380 Retained earnings of equity method accounted investees 954 (334) 32 Restatement effect of the period and beginning balances associated with hyperinflationary economies 121 155 (507) Related discontinued operations 2,039 — — Balance at the end of the period Ps. (20,227) Ps. (20,067) Ps. (14,691)
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 2024 Ps. 963 2025 790 2026 635 2027 659 2028 484 2029 2,743 2030 3,323 2031 403 2032 3,283 2033 and thereafter 16,567 No expiration (Brazil and Colombia) 12,963 Ps. 42,813
Summary of Changes in the Balance of Tax Loss Carryforwards	The changes in the balance of tax loss carryforwards are as follows: 2023 2022 Balance at beginning of the period Ps. 31,323 Ps. 30,041 Derecognized (932) (13,348) Increase (1) 21,018 14,639 Usage of tax losses (7,281) (460) Translation effect of beginning balances (1,315) 451 Balance at end of the period Ps. 42,813 Ps. 31,323 (1) The recognition of tax loss carryforwards from previous years is shown under the item of increases, together with the tax loss carryforwards generated in the same years

Other Liabilities, Provisions_2

Other Liabilities, Provisions, Contingencies and Commitments (Tables)	12 Months Ended
	Dec. 31, 2023
Other Liabilities, Provisions, Contingencies and Commitments [Abstract]
Schedule of Other Current Financial Liabilities	26.1 Other current liabilities. December 31, 2023 December 31, 2022 Short-term employee benefits Ps. 11,808 Ps. 12,335 Accrued expenses 14,151 19,115 Other 813 392 Total Ps. 26,772 Ps. 31,842 26.2 Other current financial liabilities December 31, 2023 December 31, 2022 Sundry creditors Ps. 18,540 Ps. 16,869 Derivative financial instruments (see Note 21) 738 470 Other tax payable 11,106 11,275 Other 108 136 Total Ps. 30,492 Ps. 28,750
Schedule of Provisions and Other Non-Current Liabilities	26.3 Other non-current liabilities December 31, 2023 December 31, 2022 Tax payable Ps. 1,116 Ps. 1,045 Debt with former shareholders 1,578 1,575 Other 1,923 1,676 Total Ps. 4,617 Ps. 4,296
Schedule of Other Financial Liabilities	26.4 Other non-current financial liabilities December 31, 2023 December 31, 2022 Derivative financial instruments (see Note 21) Ps. 8,653 Ps. 5,651 Security deposits 1,012 967 Total Ps. 9,665 Ps. 6,618
Schedule of Provisions Recorded in the Statement of Financial Position	The following table presents the nature and amount of the provisions as of December 31, 2023 and 2022: December 31, 2023 December 31, 2022 Indirect taxes Ps. 1,649 Ps. 1,976 Labor 1,570 1,703 Legal 1,104 1,006 Total (1) Ps. 4,323 Ps. 4,685 (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 14.1.
Summary of Changes in Provisions	26.6.1 Indirect taxes December 31, 2023 December 31, 2022 December 31, 2021 Balance at beginning of the period Ps. 1,976 Ps. 2,845 Ps. 3,153 Penalties and other charges (see Note 20) 56 109 77 New contingencies (see Note 20) 475 249 314 Cancellation and expiration (see Note 20) (9) (738) (77) Payments (587) (473) (237) Effects of changes in foreign exchange rates (110) (16) (385) Discontinuing operations (152) — — Balance at end of the period Ps. 1,649 Ps. 1,976 Ps. 2,845 26.6.2 Labor December 31, 2023 December 31, 2022 December 31, 2021 Balance at beginning of the period Ps. 1,703 Ps. 1,807 Ps. 1,857 Penalties and other charges (see Note 20) 64 81 309 New contingencies (see Note 20) 868 571 526 Contingencies added in the business combination — 67 — Cancellation and expiration (see Note 20) (525) (443) (445) Payments (308) (320) (360) Effects of changes in foreign exchange rates (155) (60) (80) Discontinuing operations (77) — — Balance at end of the period Ps. 1,570 Ps. 1,703 Ps. 1,807 26.6.3 Legal December 31, 2023 December 31, 2022 December 31, 2021 Balance at beginning of the period Ps. 1,006 Ps. 937 Ps. 1,293 Penalties and other charges (see Note 20) 50 63 68 New contingencies (see Note 20) 423 141 35 Contingencies added in the business combination — 158 — Cancellation and expiration (see Note 20) (122) (146) (364) Payments (68) (110) (97) Effects of changes in foreign exchange rates (84) (37) 2 Discontinuing operations (101) — — Balance at end of the period Ps. 1,104 Ps. 1,006 Ps. 937

Information by Segment (Tables)

Information by Segment (Tables)	12 Months Ended
	Dec. 31, 2023
Segments [Abstract]
Summary of Information by Operating Segment	2023 Coca-Cola FEMSA Proximity Americas Division Proximity Europe Division Health Division Fuel Division Discontinued operations Other (1) Consolidation Adjustments Consolidated Total revenues Ps. 245,088 Ps. 278,520 Ps. 43,552 Ps. 75,358 Ps. 58,499 Ps. — Ps. 56,875 Ps. (55,200) Ps. 702,692 Intercompany revenue 8,448 1,735 — 3 349 — 44,665 (55,200) — Gross profit 110,860 117,062 18,622 22,499 7,344 — 32,647 (29,527) 279,507 Income before income taxes and share of the profit of equity method accounted investees 28,792 2,401 388 (166) 699 — 40,139 (14,437) 57,816 Consolidated net income from continued operations — — — — — — — — 44,439 Consolidated net income from discontinued operations — — — — — 32,238 — — 32,238 Depreciation and amortization (2) 10,531 12,937 4,700 3,447 1,137 — 2,646 (1,381) 34,017 Non-cash items other than depreciation and amortization 1,707 509 148 1,296 13 — (328) 2 3,347 Investments in equity method accounted investees 9,246 1,690 — 1 19 — 15,291 — 26,247 Total assets 273,512 176,836 39,833 64,888 25,124 25,819 403,265 (203,421) 805,856 Total liabilities 139,808 149,131 37,876 48,357 20,267 11,569 120,707 (100,228) 427,487 Investments in fixed assets (3) 21,396 13,387 1,654 1,750 186 — 1,659 (1,421) 38,611 (1) Includes other companies and corporate (see Note 1). (2) Includes bottle breakage. (3) Includes acquisitions and disposals of property, plant and equipment, intangible assets, and other long-lived assets. The disposals of property, plant and equipment are for Ps. 400. 2022 (Revised) Coca-Cola FEMSA Proximity Americas Division Proximity Europe Division Health Division Fuel Division Discontinued operations Other (1) Consolidation Adjustments Consolidated Total revenues Ps. 226,740 Ps. 233,958 Ps. 9,809 Ps. 74,800 Ps. 51,813 Ps. — Ps. 21,280 Ps. (21,392) Ps. 597,008 Intercompany revenue 6,489 74 — — 311 — 14,518 (21,392) — Gross profit 100,300 97,586 4,599 21,983 6,560 — (3,785) 14,275 241,518 Income before income taxes and share of the profit of equity method accounted investees 25,787 5,661 218 1,659 1,543 — (27,939) 39,567 46,496 Consolidated net income from continued operations — — — — — — — — 33,320 Consolidated net income from discontinued operations — — — — — 1,423 — — 1,423 Depreciation and amortization (2) 10,425 11,571 826 3,291 1,062 — 719 (575) 27,319 Non-cash items other than depreciation and amortization 1,738 511 6 394 59 — 272 68 3,048 Investments in equity method accounted investees (4) 8,452 2,650 — 1 19 — 265 — 103,669 Total assets 277,995 143,877 38,759 60,960 24,102 179,277 162,788 (88,943) 798,815 Total liabilities 146,119 119,991 36,647 47,798 19,574 45,094 134,742 (88,951) 461,014 Investments in fixed assets (3) 19,665 9,957 544 2,868 157 1,140 1,047 (968) 34,410 (1) Includes other companies and corporate (see Note 1). (2) Includes bottle breakage. (3) Includes acquisitions and disposals of property, plant and equipment, intangible assets, and other long-lived assets. The disposals of property, plant and equipment are for Ps. 308. (4) Includes Company's investment in Heineken for an amount of Ps. 92,282. 2021 (Revised) Coca-Cola FEMSA Proximity Division Health Division Fuel Division Discontinued operations Other (1) Consolidation Adjustments Consolidated Total revenues Ps. 194,804 Ps. 198,586 Ps. 73,027 Ps. 39,922 Ps. — Ps. 19,365 Ps. (20,244) Ps. 505,460 Intercompany revenue 5,428 520 — 57 — 14,239 (20,244) — Gross profit 88,598 84,196 21,736 5,269 — 11,519 (5,134) 206,184 Income before income taxes and share of the profit of equity method accounted investees 22,852 12,580 1,068 455 — 6,217 (182) 42,990 Consolidated net income from continued operations — — — — — — — 29,414 Consolidated net income from discontinued operations — — — — 8,264 — — 8,264 Depreciation and amortization (2) 9,834 10,869 3,355 972 — 494 (129) 25,395 Non-cash items other than depreciation and amortization 1,613 448 111 14 — 255 — 2,441 Investments in equity method accounted investees (4) 7,494 2,899 — 19 — 538 — 107,299 Total assets 271,567 129,821 57,463 19,878 165,874 166,984 (74,087) 737,500 Total liabilities 143,995 110,765 44,037 16,503 32,628 128,568 (74,113) 402,383 Investments in fixed assets (3) 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 acquisitions and disposals of property, plant and equipment, intangible assets, and other long-lived assets. The disposals of property, plant and equipment are for Ps. 208. (4) Includes Company's investment in Heineken for an amount of Ps. 96,349.
Summary of Geographic Area for Non-Current Assets	Geographic disclosure for the Company’s non-current assets is as follow: 2023 2022 Mexico and Central America (1) Ps. 305,204 Ps. 245,222 United States (2) 36 61,164 South America (3) 114,051 121,398 Europe (4) (5) 30,406 144,582 Consolidated Ps. 449,697 Ps. 572,366 (1) Domestic (Mexico only) non-current assets were Ps. 295,770 and Ps. 237,832, as of December 31, 2023 and 2022, respectively. (2) In 2023 the Company finalized the merger of Envoy Solutions, LLC into BradyIFS, keeping an economic interest of 37% in IFS TopCo. See Note 10. (3) South America non-current assets includes Brazil, Argentina, Colombia, Chile, Uruguay and Ecuador. Brazilian non-current assets were Ps. 61,223 and Ps. 67,848, as of December 31, 2023 and 2022, respectively. Colombia’s non-current assets were Ps. 13,479 and Ps. 17,092, as of December 31, 2023 and 2022, respectively. Argentina’s non-current assets were Ps. 2,898 and Ps. 4,895, as of December 31, 2023 and 2022, respectively. Chile’s non-current assets were Ps. 30,885 and Ps. 30,272, as of December 31, 2023 and 2022, respectively. Uruguay’s non-current assets were Ps. 2,070 and Ps. 3,403, as of December 31, 2023 and 2022, respectively. Ecuador’s non-current assets were Ps. 3,496 and Ps. 3,737, as of December 31, 2023 and 2022, respectively . (4) On October 7, 2022, the Company completed the acquisition of Valora Holding AG. (5) During 2023 the Company sold its investment in Heineken Group. See Note 4.

Company Business - Significant

Company Business - Significant Investments in Subsidiaries (Details) $ in Millions, $ in Millions				1 Months Ended	3 Months Ended	12 Months Ended
	Feb. 17, 2023	Oct. 07, 2022	Apr. 30, 2010	Oct. 31, 2023	Dec. 31, 2022	Dec. 31, 2023 USD ($)		Dec. 31, 2023 MXN ($)	Dec. 31, 2022 MXN ($)	Dec. 31, 2021 MXN ($)
Disclosure Of Parent Entity Information [line items]
Equity holders of the parent						$ 3,886	[1]	$ 65,689	$ 23,909	$ 28,495
IFS TopCo LLC
Disclosure Of Parent Entity Information [line items]
Economic ownership percentage				37.10%		37.10%		37.10%	0%
Series D shares
Disclosure Of Parent Entity Information [line items]
Equity holders of the parent								$ 18,026	$ 12,117	10,902
Net controlling interest income allocated from discontinued operations								17,373	767	4,453
Series B shares
Disclosure Of Parent Entity Information [line items]
Equity holders of the parent								15,425	10,369	9,329
Net controlling interest income allocated from discontinued operations								$ 14,865	$ 656	$ 3,811
Heineken Group
Disclosure Of Parent Entity Information [line items]
Economic ownership percentage	13.90%		20%			0.90%		0.90%	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 Americas Division
Disclosure Of Parent Entity Information [line items]
Percentage of ownership interest of subsidiary						100%		100%	100%
Proximity Europe Division
Disclosure Of Parent Entity Information [line items]
Percentage of ownership interest of subsidiary						100%		100%	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%
IFS TopCo
Disclosure Of Parent Entity Information [line items]
Economic ownership percentage						37%		37%
Valora
Disclosure Of Parent Entity Information [line items]
Percentage of ownership interest of subsidiary		96.87%			98.15%	100%		100%
[1] Convenience translation to U.S. dollars ($) – See Note 2.2.3

Basis of Preparation - Narrativ

Basis of Preparation - Narrative (Details) - $ / $	Apr. 22, 2024	Dec. 31, 2023
Disclosure of detailed information about investment property [line items]
Conversion rate of Mexican pesos to U.S. dollars		16.8998
Abnormally large changes in asset prices or foreign exchange rates
Disclosure of detailed information about investment property [line items]
Conversion rate of Mexican pesos to U.S. dollars	17.2062
Increase decrease in foreign currency exchange rate	1.80%

Basis of Preparation - Accounts

Basis of Preparation - Accounts Payable (Details) $ in Millions, $ in Millions	Dec. 31, 2023 USD ($)	[1]	Dec. 31, 2023 MXN ($)	Dec. 31, 2022 MXN ($)
Condensed Financial Statements, Captions [Line Items]
Accounts payable	$ 1,584		$ 26,772	$ 31,842
Income tax payable	572		9,666	5,419
Other current financial liabilities	1,804		30,492	28,750
Other non-current liabilities			4,617	4,296
Provisions	256		4,323	4,685
Other non-current liabilities	$ 273		$ 4,617	4,296
Previously stated
Condensed Financial Statements, Captions [Line Items]
Accounts payable				16,694
Other current financial liabilities				17,475
Other non-current liabilities				8,981
Effects of reclassification
Condensed Financial Statements, Captions [Line Items]
Accounts payable				(16,694)
Income tax payable				5,419
Other current financial liabilities				11,275
Other non-current liabilities				(8,981)
Provisions				4,685
Other non-current liabilities				$ 4,296
[1] Convenience translation to U.S. dollars ($) – See Note 2.2.3

Material Accounting Policies _3

Material Accounting Policies - Foreign Currencies (Details)	12 Months Ended
	Dec. 31, 2023 € / $ ₡ / $ $ / $ S/ / $ $ / $ $ / $ C$ / $ SFr / $ $ / $ R$ / $ $ / $ $ / $ $ / € Q / $	Dec. 31, 2022 C$ / $ Q / $ $ / $ R$ / $ $ / $ € / $ ₡ / $ $ / $ S/ / $ $ / $ $ / $ SFr / $ $ / € $ / $	Dec. 31, 2021 C$ / $ R$ / $ $ / $ ₡ / $ Q / $ € / $ S/ / $ $ / $ $ / $ SFr / $ $ / $ $ / $
Disclosure of significant accounting policies [line items]
Exchange Rate as of	16.8998
Guatemalan quetzal | Guatemala
Disclosure of significant accounting policies [line items]
Average Exchange Rate for | Q / $	2.27	2.60	2.62
Exchange Rate as of | Q / $	2.16	2.47
Costa Rica, Colones | Costa Rica
Disclosure of significant accounting policies [line items]
Average Exchange Rate for | ₡ / $	0.03	0.03	0.03
Exchange Rate as of | ₡ / $	0.03	0.03
U.S. dollars
Disclosure of significant accounting policies [line items]
Exchange Rate as of	16.8935	19.3615
U.S. dollars | Panama
Disclosure of significant accounting policies [line items]
Average Exchange Rate for	17.77	20.13	20.28
Exchange Rate as of	16.89	19.36
U.S. dollars | Ecuador
Disclosure of significant accounting policies [line items]
Average Exchange Rate for	17.77	20.13	20.28
Exchange Rate as of	16.89	19.36
U.S. dollars | United States
Disclosure of significant accounting policies [line items]
Average Exchange Rate for	17.77	20.13	20.28
Exchange Rate as of	16.89	19.36
Colombian pesos | Colombia
Disclosure of significant accounting policies [line items]
Average Exchange Rate for	0.004	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$ / $	0.49	0.56	0.58
Exchange Rate as of | C$ / $	0.46	0.53
Argentine pesos | Argentina
Disclosure of significant accounting policies [line items]
Average Exchange Rate for	0.07	0.16	0.21
Exchange Rate as of	0.02	0.11
Brazilian reais | Brazil
Disclosure of significant accounting policies [line items]
Average Exchange Rate for | R$ / $	3.56	3.90	3.76
Exchange Rate as of | R$ / $	3.49	3.71
Chilean pesos | Chile
Disclosure of significant accounting policies [line items]
Average Exchange Rate for	0.02	0.02	0.03
Exchange Rate as of	0.02	0.02
Euros
Disclosure of significant accounting policies [line items]
Exchange Rate as of | $ / €	18.6896	20.7810
Euros | Euro Zone
Disclosure of significant accounting policies [line items]
Average Exchange Rate for | € / $	19.19	21.17	24
Exchange Rate as of | € / $	18.76	20.65
Peru, Nuevos Soles | Peru
Disclosure of significant accounting policies [line items]
Average Exchange Rate for | S/ / $	4.74	5.24	5.22
Exchange Rate as of | S/ / $	4.55	5.07
Uruguayan peso | Uruguay
Disclosure of significant accounting policies [line items]
Average Exchange Rate for	0.46	0.49	0.47
Exchange Rate as of	0.43	0.48
Swiss franc | Switzerland
Disclosure of significant accounting policies [line items]
Average Exchange Rate for | SFr / $	19.77	0	0
Exchange Rate as of | SFr / $	20.11	0

Material Accounting Policies _4

Material Accounting Policies - Effects of Inflation (Details)	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
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	21.10%	19.40%	13.90%
Guatemala
Disclosure of Hyperinflationary Reporting [line items]
Cumulative inflation percentage, actual, during the period	17.30%	18%	11.70%
Costa Rica
Disclosure of Hyperinflationary Reporting [line items]
Cumulative inflation percentage, actual, during the period	9.50%	12.40%	5.80%
Panama
Disclosure of Hyperinflationary Reporting [line items]
Cumulative inflation percentage, actual, during the period	6.70%	3.10%	0.90%
Colombia
Disclosure of Hyperinflationary Reporting [line items]
Cumulative inflation percentage, actual, during the period	30.60%	21.40%	11.40%
Nicaragua
Disclosure of Hyperinflationary Reporting [line items]
Cumulative inflation percentage, actual, during the period	26.30%	23.10%	17.10%
Argentina
Disclosure of Hyperinflationary Reporting [line items]
Cumulative inflation percentage, actual, during the period	815.60%	300.30%	216.10%
Brazil
Disclosure of Hyperinflationary Reporting [line items]
Cumulative inflation percentage, actual, during the period	21.80%	21.70%	20%
Euro Zone
Disclosure of Hyperinflationary Reporting [line items]
Cumulative inflation percentage, actual, during the period	18%	14.60%	5.80%
Chile
Disclosure of Hyperinflationary Reporting [line items]
Cumulative inflation percentage, actual, during the period	25.60%	20.90%	13.70%
Peru
Disclosure of Hyperinflationary Reporting [line items]
Cumulative inflation percentage, actual, during the period	19.20%	15.40%	10.60%
Ecuador
Disclosure of Hyperinflationary Reporting [line items]
Cumulative inflation percentage, actual, during the period	7.20%	5.80%	22.80%
United States
Disclosure of Hyperinflationary Reporting [line items]
Cumulative inflation percentage, actual, during the period	17.80%	13.80%	11%
Uruguay
Disclosure of Hyperinflationary Reporting [line items]
Cumulative inflation percentage, actual, during the period	22.90%	27.90%	28.50%
Germany
Disclosure of Hyperinflationary Reporting [line items]
Cumulative inflation percentage, actual, during the period	24.10%	0%	0%
Netherlands
Disclosure of Hyperinflationary Reporting [line items]
Cumulative inflation percentage, actual, during the period	19.10%	0%	0%
Austria
Disclosure of Hyperinflationary Reporting [line items]
Cumulative inflation percentage, actual, during the period	21.30%	0%	0%
Luxembourg
Disclosure of Hyperinflationary Reporting [line items]
Cumulative inflation percentage, actual, during the period	17.30%	0%	0%
Switzerland
Disclosure of Hyperinflationary Reporting [line items]
Cumulative inflation percentage, actual, during the period	6.20%	0%	0%

Material Accounting Policies _5

Material Accounting Policies - Other current assets, Property, plant and equipment, Leases (Details) - MXN ($) $ in Millions	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
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	$ 304	$ 295	$ 219
Coca-Cola FEMSA | Glass bottles
Property, Plant and Equipment
Estimated useful lives of principal assets	4 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	20 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	5 years
Coca-Cola FEMSA | Machinery and Equipment | Top of range
Property, Plant and Equipment
Estimated useful lives of principal assets	25 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	14 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	10 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	4 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	2 years
Coca-Cola FEMSA | Other equipment | Top of range
Property, Plant and Equipment
Estimated useful lives of principal assets	15 years

Material Accounting Policies _6

Material Accounting Policies - Intangibles, Impairment, Benefits, Selling, Taxes, Share-based payments arrangements (Details) $ in Millions, $ in Millions	12 Months Ended
	Dec. 31, 2023 USD ($) agreement item age		Dec. 31, 2023 MXN ($) agreement item age	Dec. 31, 2022 MXN ($)	Dec. 31, 2021 MXN ($)
Disclosure of significant accounting policies [line items]
Intangible assets renewable term	10 years		10 years
Impairment of long-lived assets	$ 74	[1]	$ 1,248	$ 833	$ 1,427
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 | $			$ 34,615	$ 30,721	$ 26,023
Income tax rate	30%		30%	30%	30%
Percentage of share options granted in share based payment arrangement	33%		33%
Share based payment arrangement, vesting period	3 years		3 years
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
Disclosure of significant accounting policies [line items]
Revenue, payment terms	0 days		0 days
Bottom of range | Customer relationships
Disclosure of significant accounting policies [line items]
Useful life measured as period of time, intangible assets other than goodwill	6 years		6 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
Disclosure of significant accounting policies [line items]
Revenue, payment terms	90 days		90 days
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%
Brazil
Disclosure of significant accounting policies [line items]
Number of bottling agreements	1		1
Income tax rate	34%		34%	34%	34%
Guatemala
Disclosure of significant accounting policies [line items]
Number of bottling agreements	1		1
Number of bottling agreements, after renewal	2		2
Income tax rate	25%		25%	25%	25%
Argentina
Disclosure of significant accounting policies [line items]
Number of bottling agreements	1		1
Income tax rate	35%		35%	35%	30%
Colombia
Disclosure of significant accounting policies [line items]
Number of bottling agreements	1		1
Income tax rate	35%		35%	35%	31%
Panama
Disclosure of significant accounting policies [line items]
Income tax rate	25%		25%	25%	25%
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
Income tax rate	30%		30%	30%	30%
Nicaragua
Disclosure of significant accounting policies [line items]
Number of bottling agreements	1		1
Income tax rate	30%		30%	30%	30%
Uruguay
Disclosure of significant accounting policies [line items]
Number of bottling agreements	1		1
Income tax rate	25%		25%	25%	25%
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) - MXN ($) $ in Millions	1 Months Ended	12 Months Ended
	Feb. 28, 2023	Dec. 31, 2023	Mar. 31, 2023	Dec. 31, 2022	Nov. 30, 2022	Oct. 31, 2022	May 31, 2022	Feb. 28, 2022	Jan. 31, 2022	Dec. 31, 2021
Disclosure of detailed information about business combination [line items]
Deductibe goodwill, tax purposes, period		15 years
Valora
Disclosure of detailed information about business combination [line items]
Business acquisition, percentage of voting equity interests acquired	3.13%					96.87%
Business acquisition, consideration transferred	$ 673					$ 23,148
Acquisition-related costs	$ 252
Sigma Supply
Disclosure of detailed information about business combination [line items]
Business acquisition, percentage of voting equity interests acquired							100%
Business acquisition, consideration transferred							$ 7,385
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
CVI Refrigerants Ltda. | Distribution rights
Disclosure of detailed information about business combination [line items]
Identifiable intangible assets recognised as of acquisition date									$ 894
CVI Refrigerants Ltda. | Goodwill
Disclosure of detailed information about business combination [line items]
Identifiable intangible assets recognised as of acquisition date				$ 1,923
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
Agua Cristal | Distribution rights
Disclosure of detailed information about business combination [line items]
Identifiable intangible assets recognised as of acquisition date				228
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
Net Pay S.A.P.I de C.V.
Disclosure of detailed information about business combination [line items]
Business acquisition, percentage of voting equity interests acquired			100%
Business acquisition, consideration transferred			$ 4,422
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
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				$ 8,203
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

Business Combinations and Dis_4

Business Combinations and Disposals - Purchase Allocation (Details) - MXN ($) $ in Millions	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Mar. 31, 2023	Feb. 28, 2023	Oct. 31, 2022	May 31, 2022	Feb. 28, 2022	Jan. 31, 2022	Dec. 31, 2021
Disclosure of detailed information about business combination [line items]
Goodwill arising on acquisition	$ 0
Valora
Disclosure of detailed information about business combination [line items]
Current assets					$ 2,988
Clients					2,581
Inventory					2,967
Other non-current assets	325				7,581
Total assets					46,562
Deferred tax liability	1,887				1,325
Other liabilities					(35,055)
Net assets acquired					10,182
Goodwill arising on acquisition					12,966
Business acquisition, consideration transferred				$ 673	23,148
Cash acquired					1,971
Net cash paid					21,177
Increase (decrease) in amounts allocated to assets in acquisition	10,482
Valora | Goodwill
Disclosure of detailed information about business combination [line items]
Increase (decrease) in amounts allocated to assets in acquisition	(7,395)
Valora | Franchise contracts
Disclosure of detailed information about business combination [line items]
Increase (decrease) in amounts allocated to assets in acquisition	(447)
Valora | Right of use assets
Disclosure of detailed information about business combination [line items]
Increase (decrease) in amounts allocated to assets in acquisition	(2,743)
Valora | Right of use assets
Disclosure of detailed information about business combination [line items]
Identifiable intangible assets recognised as of acquisition date					21,299
Valora | Trademark rights
Disclosure of detailed information about business combination [line items]
Identifiable intangible assets recognised as of acquisition date					8,699
Increase (decrease) in amounts allocated to assets in acquisition	7,617
Valora | Franchise contracts
Disclosure of detailed information about business combination [line items]
Identifiable intangible assets recognised as of acquisition date					447
Valora Acquisitions One and Two
Disclosure of detailed information about business combination [line items]
Business acquisition, consideration transferred					$ 22,475
Sigma Supply
Disclosure of detailed information about business combination [line items]
Current assets						$ 132
Accounts receivable						1,252
Inventory						1,206
Other non-current assets						860
Total assets						7,351
Other liabilities						(2,104)
Net assets acquired						5,247
Goodwill arising on acquisition						2,138
Business acquisition, consideration transferred						7,385
Cash acquired						5
Net cash paid						7,380
Increase (decrease) in amounts allocated to assets in acquisition	4,635
Sigma Supply | Goodwill
Disclosure of detailed information about business combination [line items]
Increase (decrease) in amounts allocated to assets in acquisition	(3,824)
Sigma Supply | Trademark rights
Disclosure of detailed information about business combination [line items]
Identifiable intangible assets recognised as of acquisition date						8
Increase (decrease) in amounts allocated to assets in acquisition	8
Sigma Supply | Customer relationships
Disclosure of detailed information about business combination [line items]
Identifiable intangible assets recognised as of acquisition date						$ 3,893
Increase (decrease) in amounts allocated to assets in acquisition	3,893
CVI Refrigerants Ltda.
Disclosure of detailed information about business combination [line items]
Current assets								$ 615
Other non-current assets								972
Total assets								2,481
Other liabilities								(731)
Net assets acquired								1,750
Goodwill arising on acquisition								197
Business acquisition, consideration transferred								1,947
Consideration not paid on acquisition date								(186)
Consideration paid in acquisition date, net								1,761
Cash acquired								104
Net cash paid								1,657
CVI Refrigerants Ltda. | Goodwill
Disclosure of detailed information about business combination [line items]
Identifiable intangible assets recognised as of acquisition date		$ 1,923
CVI Refrigerants Ltda. | Distribution rights
Disclosure of detailed information about business combination [line items]
Identifiable intangible assets recognised as of acquisition date								894
CVI Refrigerants Ltda Acquisition One and Two
Disclosure of detailed information about business combination [line items]
Business acquisition, consideration transferred								$ 1,947
Net Pay S.A.P.I de C.V.
Disclosure of detailed information about business combination [line items]
Current assets			$ 271
Other non-current assets			97
Total assets			727
Other liabilities			(223)
Net assets acquired			504
Goodwill arising on acquisition			3,918
Business acquisition, consideration transferred			4,422
Consideration not paid on acquisition date			(596)
Cash acquired			39
Net cash paid			3,787
Net Pay S.A.P.I de C.V. | Trademark rights
Disclosure of detailed information about business combination [line items]
Identifiable intangible assets recognised as of acquisition date			26
Net Pay S.A.P.I de C.V. | Customer relationships
Disclosure of detailed information about business combination [line items]
Identifiable intangible assets recognised as of acquisition date			188
Net Pay S.A.P.I de C.V. | Technology cost
Disclosure of detailed information about business combination [line items]
Identifiable intangible assets recognised as of acquisition date			$ 145
OK Market
Disclosure of detailed information about business combination [line items]
Current assets							$ 463
Other non-current assets							1,238
Total assets							1,701
Other liabilities							(1,055)
Net assets acquired							646
Goodwill arising on acquisition							623
Business acquisition, consideration transferred							1,269
Cash acquired							6
Net cash paid							$ 1,263
Atra, Hughes, Sunbelt, H.T. Berry, and Other Smaller Acquistions
Disclosure of detailed information about business combination [line items]
Current assets		2,103
Other non-current assets		909
Total assets		4,295
Other liabilities		(1,535)
Net assets acquired		2,760
Goodwill arising on acquisition		5,443
Business acquisition, consideration transferred		8,203
Cash acquired		85
Net cash paid		8,118
Increase (decrease) in amounts allocated to assets in acquisition	1,783
Atra, Hughes, Sunbelt, H.T. Berry, and Other Smaller Acquistions | Goodwill
Disclosure of detailed information about business combination [line items]
Increase (decrease) in amounts allocated to assets in acquisition	(1,054)
Atra, Hughes, Sunbelt, H.T. Berry, and Other Smaller Acquistions | Trademark rights
Disclosure of detailed information about business combination [line items]
Identifiable intangible assets recognised as of acquisition date		14
Increase (decrease) in amounts allocated to assets in acquisition	14
Atra, Hughes, Sunbelt, H.T. Berry, and Other Smaller Acquistions | Customer relationships
Disclosure of detailed information about business combination [line items]
Identifiable intangible assets recognised as of acquisition date		1,269
Increase (decrease) in amounts allocated to assets in acquisition	$ 1,269
Daycon, PJP, Next-Gen, Johnston Paper, And Other Smaller Acquisitons
Disclosure of detailed information about business combination [line items]
Current assets									$ 2,795
Other non-current assets									1,594
Total assets									7,311
Other liabilities									(2,907)
Net assets acquired									4,404
Goodwill arising on acquisition									5,545
Business acquisition, consideration transferred									9,949
Cash acquired									337
Net cash paid									9,612
Increase (decrease) in amounts allocated to assets in acquisition		3,068
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 rights
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

Business Combinations and Dis_5

Business Combinations and Disposals - Income Statement Information (Details) $ in Millions, $ in Millions	12 Months Ended
	Dec. 31, 2023 USD ($)	[1]	Dec. 31, 2023 MXN ($)	Dec. 31, 2022 MXN ($)	Dec. 31, 2021 MXN ($)
Disclosure of detailed information about business combination [line items]
Loss before income taxes of discontinued operations	$ 5,305		$ 89,648	$ 49,138	$ 51,956
Valora
Disclosure of detailed information about business combination [line items]
Total revenues				10,064
Loss before income taxes of discontinued operations				229
Net loss				(72)
Sigma Supply
Disclosure of detailed information about business combination [line items]
Total revenues				5,718
Loss before income taxes of discontinued operations				463
Net loss				463
Net Pay S.A.P.I de C.V.
Disclosure of detailed information about business combination [line items]
Total revenues			1,527
Loss before income taxes of discontinued operations			2
Net loss			$ (11)
OK Market
Disclosure of detailed information about business combination [line items]
Total revenues				2,635
Loss before income taxes of discontinued operations				314
Net loss				204
Atra, Hughes, Sunbelt, H.T. Berry, and Other Smaller Acquistions
Disclosure of detailed information about business combination [line items]
Total revenues				2,148
Loss before income taxes of discontinued operations				115
Net 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
Loss before income taxes of discontinued operations					46
Net loss					$ 46
[1] Convenience translation to U.S. dollars ($) – See Note 2.2.3

Business Combinations and Dis_6

Business Combinations and Disposals - Unaudited Pro Forma Financial Information (Details) - MXN ($) $ / shares in Units, $ in Millions	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Net Pay S.A.P.I de C.V.
Disclosure of detailed information about business combination [line items]
Total revenues	$ 710,327
Income before income taxes and share of the profit of equity method accounted investees	57,826
Net income	$ 76,622
Valora, Sigma Supply, And Others
Disclosure of detailed information about business combination [line items]
Total revenues		$ 730,624
Income before income taxes and share of the profit of equity method accounted investees		43,318
Net income		$ 34,864
Daycon, PJP, Next-Gen, Johnston Paper, And Other Smaller Acquisitons
Disclosure of detailed information about business combination [line items]
Total revenues			$ 565,838
Income before income taxes and share of the profit of equity method accounted investees			41,313
Net income			$ 37,800
Series B | Aggregated individually immaterial business combinations
Disclosure of detailed information about business combination [line items]
Basic net controlling interest income per share	$ 3.27	$ 1.20	$ 1.43
Series D | Aggregated individually immaterial business combinations
Disclosure of detailed information about business combination [line items]
Basic net controlling interest income per share	$ 4.09	$ 1.50	$ 1.78

Business Combinations and Dis_7

Business Combinations and Disposals- Disposals (Discontinued Operations) Narrative (Details) € in Millions, $ in Millions, $ in Millions

1 Months Ended

12 Months Ended

May 31, 2023 EUR (€)

Feb. 16, 2023 EUR (€)

Feb. 15, 2023

Oct. 31, 2023

Dec. 31, 2023 MXN ($)

Dec. 31, 2022 MXN ($)

Dec. 31, 2021 MXN ($)

Dec. 31, 2023 USD ($)

[1]

Dec. 31, 2023 MXN ($)

Dec. 31, 2022 USD ($)

[1]

Dec. 31, 2022 MXN ($)

Dec. 31, 2020 MXN ($)

Disclosure of analysis of single amount of discontinued operations [line items]

Other investments measured at FVTPL

$ 7,514

$ 0

Cash and cash equivalents

$ 97,407

$ 9,770

$ 165,112

$ 4,937

$ 83,439

$ 107,624

Heineken

Disclosure of analysis of single amount of discontinued operations [line items]

Proceeds from sales of interests in associates | €

€ 3,300

€ 3,200

Economic ownership percentage

14.76%

Heineken | Operating segments

Disclosure of analysis of single amount of discontinued operations [line items]

Results for the period, net of tax

$ 7,359

$ 10,775

Heineken Group

Disclosure of analysis of single amount of discontinued operations [line items]

Economic ownership percentage

1%

Non-current investments other than investments accounted for using equity method | €

€ 500

IFS TopCo LLC

Disclosure of analysis of single amount of discontinued operations [line items]

Economic ownership percentage

37.10%

37.10%

0%

BradyIFS

Disclosure of analysis of single amount of discontinued operations [line items]

Economic ownership percentage

63%

Gain on sale of discontinued operations

$ 163

[1] Convenience translation to U.S. dollars ($) – See Note 2.2.3

Business Combinations and Dis_8

Business Combinations and Disposals - Discontinued Operations Heineken (Details) $ in Millions, $ in Millions, € in Billions				12 Months Ended
	May 31, 2023 EUR (€)	Feb. 16, 2023 EUR (€)	Feb. 15, 2023	Dec. 31, 2023 USD ($)		Dec. 31, 2023 MXN ($)	Dec. 31, 2022 MXN ($)	Dec. 31, 2021 MXN ($)
Disclosure of analysis of single amount of discontinued operations [line items]
Proceeds from the sale of shares				$ 7,883	[1]	$ 133,222	$ 0	$ 0
Results for the period, net of tax				(24)	[2]	(406)	99	(10)
Net income from discontinued operations				$ 1,908	[2]	32,238	1,423	8,264
Heineken
Disclosure of analysis of single amount of discontinued operations [line items]
Proceeds from sales of interests in associates | €	€ 3.3	€ 3.2
Economic ownership percentage			14.76%
Heineken | Sale of Investment
Disclosure of analysis of single amount of discontinued operations [line items]
Economic ownership percentage		8.13%
Discontinued operations
Disclosure of analysis of single amount of discontinued operations [line items]
Net income from discontinued operations						32,238	1,423	8,264
Discontinued operations | Heineken
Disclosure of analysis of single amount of discontinued operations [line items]
Proceeds from the sale of shares						133,222
Cost of sale of shares						106,273
Gross profit						26,949
Expenses related to the sale						(430)
Foreign exchange loss of the equity method						(9,235)
Gain on the remeasurement of the value of derivative instruments						738
Employee benefits						(1,247)
Cancellation effects of hedge of foreign net investment (Note 19)						5,763
Profit (loss) from operating activities						(3,981)
Results for the period, net of tax						619
Foreign exchange of the period						(2,141)
Share of profit (loss) from equity method investments						(1,523)
Gain on sale of discontinued operations						26,820
Cancellation of deferred tax asset related to the investment						(4,134)
Tax paid on the sale of shares						(10,697)
Net income from discontinued operations						$ 33,003	$ 7,359	$ 10,775
[1] Convenience translation to U.S. dollars ($) – See Note 2.2.3 Convenience translation to U.S. dollars ($) – See Note 2.2.3

Business Combinations and Dis_9

Business Combinations and Disposals -Discontinued Operations major classes of assets and liabilities classified as held for sale (Details) $ in Millions, $ in Millions	1 Months Ended	12 Months Ended
	Oct. 31, 2023	Dec. 31, 2023 MXN ($)	Dec. 31, 2022 USD ($)		Dec. 31, 2023 USD ($)		Dec. 31, 2023 MXN ($)	Dec. 31, 2022 MXN ($)	Dec. 31, 2021 MXN ($)	Dec. 31, 2020 MXN ($)
Disclosure of analysis of single amount of discontinued operations [line items]
Cash and cash equivalents			$ 4,937	[1]	$ 9,770	[1]	$ 165,112	$ 83,439	$ 97,407	$ 107,624
Trade receivables, net					2,300	[2]	38,863	45,527
Inventories					3,445	[2]	58,222	62,224
Other current assets					226	[2]	3,817	4,478
Total current assets					21,076	[2]	356,159	226,449
Property, plant and equipment, net					8,375	[2]	141,530	134,001	115,147
Right-of-use assets					5,204	[2]	87,941	83,966	56,994
Intangible assets					8,475	[2]	143,218	190,772	158,138
Other non-current assets, net					503	[2]	8,496	9,258
TOTAL ASSETS					47,687	[2]	805,856	798,815	737,500
Lease liabilities					724	[2]	12,236	12,095
Total current liabilities					10,792	[2]	182,381	176,922
Non-current portion lease liabilities					4,961	[2]	83,837	81,222
Employee benefits					409	[2]	6,920	7,048
Other non-current liabilities					273	[2]	4,617	4,296
TOTAL LIABILITIES					25,295	[2]	427,487	461,014	402,383
Discontinued operations
Disclosure of analysis of single amount of discontinued operations [line items]
Cash and cash equivalents							319
Trade receivables, net							6,567
Inventories							2,636
Other current assets							866
Total current assets							10,387
Property, plant and equipment, net							3,830
Right-of-use assets							2,827
Intangible assets							6,250
Other non-current assets, net							2,525
TOTAL ASSETS							25,819	179,277	165,874
Lease liabilities							674
Operating liabilities							7,631
Total current liabilities							8,305
Non-current portion lease liabilities							2,391
Employee benefits							479
Other non-current liabilities							396
TOTAL LIABILITIES							$ 11,569	$ 45,094	$ 32,628
BradyIFS
Disclosure of analysis of single amount of discontinued operations [line items]
Gain on sale of discontinued operations		$ 163
Economic ownership percentage		63%
BradyIFS | Discontinued operations
Disclosure of analysis of single amount of discontinued operations [line items]
Cash and cash equivalents					$ 1,500
IFS TopCo LLC
Disclosure of analysis of single amount of discontinued operations [line items]
Economic ownership percentage	37.10%	37.10%	0%
[1] Convenience translation to U.S. dollars ($) – See Note 2.2.3 Convenience translation to U.S. dollars ($) – See Note 2.2.3

Business Combinations and Di_10

Business Combinations and Disposals - Discontinued Operation Sales (Details) $ in Millions, $ in Millions	12 Months Ended
	Dec. 31, 2023 USD ($)		Dec. 31, 2023 MXN ($)	Dec. 31, 2022 MXN ($)	Dec. 31, 2021 MXN ($)
Disclosure of analysis of single amount of discontinued operations [line items]
Proceeds from the sale of shares	$ 7,883	[1]	$ 133,222	$ 0	$ 0
Results for the period, net of tax	(24)	[2]	(406)	99	(10)
Net income from discontinued operations	$ (1,908)	[2]	(32,238)	(1,423)	(8,264)
Discontinued operations
Disclosure of analysis of single amount of discontinued operations [line items]
Net income from discontinued operations			(32,238)	(1,423)	(8,264)
Discontinued operations | Individually immaterial investments
Disclosure of analysis of single amount of discontinued operations [line items]
Operating profit			3,997	1,972	(1,777)
Gain on sale of discontinued operations			59	0	0
Tax paid on the sale of shares			511	(1,120)	(712)
Net income from discontinued operations			(765)	(5,936)	(2,511)
Discontinued operations | Heineken
Disclosure of analysis of single amount of discontinued operations [line items]
Proceeds from the sale of shares			133,222
Cost of sale of shares			106,273
Gross profit			26,949
Expenses related to the sale			(430)
Foreign exchange loss of the equity method			(9,235)
Gain on the remeasurement of the value of derivative instruments			738
Employee benefits			(1,247)
Cancellation effects of hedge of foreign net investment (Note 19)			5,763
Operating profit			(3,981)
Results for the period, net of tax			619
Foreign exchange of the period			(2,141)
Share of profit (loss) from equity method investments			(1,523)
Gain on sale of discontinued operations			(26,820)
Cancellation of deferred tax asset related to the investment			4,134
Tax paid on the sale of shares			10,697
Net income from discontinued operations			$ (33,003)	$ (7,359)	$ (10,775)
[1] Convenience translation to U.S. dollars ($) – See Note 2.2.3 Convenience translation to U.S. dollars ($) – See Note 2.2.3

Business Combinations and Di_11

Business Combinations and Disposals - Discontinued Operations Dispositions (Details) $ in Millions, $ in Millions	12 Months Ended
	Dec. 31, 2023 USD ($)		Dec. 31, 2023 MXN ($)	Dec. 31, 2022 MXN ($)	Dec. 31, 2021 MXN ($)
Disclosure of analysis of single amount of discontinued operations [line items]
Net sales	$ 41,399	[1]	$ 699,640	$ 595,543	$ 504,122
Cost of goods sold	25,041	[1]	423,185	355,490	299,276
Gross profit	16,539	[1]	279,507	241,518	206,184
Loss before income taxes of discontinued operations	(5,305)	[2]	(89,648)	(49,138)	(51,956)
Profit (loss) from discontinued operations	$ (1,908)	[1]	(32,238)	(1,423)	(8,264)
Discontinued operations
Disclosure of analysis of single amount of discontinued operations [line items]
Profit (loss) from discontinued operations			(32,238)	(1,423)	(8,264)
Discontinued operations | Individually immaterial investments
Disclosure of analysis of single amount of discontinued operations [line items]
Net sales			80,634	76,194	50,801
Cost of goods sold			62,275	66,044	43,272
Gross profit			18,359	10,150	7,529
Operating profit			3,997	1,972	(1,777)
Loss before income taxes of discontinued operations			(1,334)	(4,816)	(1,799)
Tax paid on the sale of shares			511	(1,120)	(712)
Gain on sale of discontinued operations			59	0	0
Profit (loss) from discontinued operations			(765)	(5,936)	(2,511)
Discontinued operations | Logistics And Distribution
Disclosure of analysis of single amount of discontinued operations [line items]
Impairment of long-lived assets			3,955
Discontinued operations | Heineken
Disclosure of analysis of single amount of discontinued operations [line items]
Operating profit			(3,981)
Tax paid on the sale of shares			10,697
Gain on sale of discontinued operations			(26,820)
Profit (loss) from discontinued operations			$ (33,003)	$ (7,359)	$ (10,775)
[1] Convenience translation to U.S. dollars ($) – See Note 2.2.3 Convenience translation to U.S. dollars ($) – See Note 2.2.3

Cash and Cash Equivalents (Deta

Cash and Cash Equivalents (Details) $ in Millions, $ in Millions	Dec. 31, 2023 USD ($)	[1]	Dec. 31, 2023 MXN ($)	Dec. 31, 2022 USD ($)	[1]	Dec. 31, 2022 MXN ($)	Dec. 31, 2021 MXN ($)	Dec. 31, 2020 MXN ($)
Cash and cash equivalents [abstract]
Cash and bank balances			$ 90,114			$ 39,598
Cash equivalents			74,998			43,841
Cash and cash equivalents	$ 9,770		$ 165,112	$ 4,937		$ 83,439	$ 97,407	$ 107,624
[1] Convenience translation to U.S. dollars ($) – See Note 2.2.3

Investment (Details)

Investment (Details) $ in Millions, $ in Millions	Dec. 31, 2023 USD ($)	[1]	Dec. 31, 2023 MXN ($)	Dec. 31, 2022 MXN ($)
Investments
Total investments	$ 1,582		$ 26,728	$ 51
Fixed interest rate
Investments
Total investments			26,728	51
Corporate Debt Securities | Fixed interest rate
Investments
Acquisition cost			0	21
Accrued interest			0	30
Deposits | Fixed interest rate
Investments
Acquisition cost			26,354	0
Accrued interest			$ 374	$ 0
[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, 2023 USD ($)		Dec. 31, 2023 MXN ($)	Dec. 31, 2022 MXN ($)
Trade Accounts Receivable, Net
Loans to employees			$ 114	$ 131
Others			6,507	6,355
Trade accounts receivable, Net	$ 2,300	[1]	38,863	45,527
Gross carrying amount
Trade Accounts Receivable, Net
Trade accounts receivable			34,047	39,331
Trade accounts receivable, Net			41,398	47,765
Accumulated impairment
Trade Accounts Receivable, Net
Trade accounts receivable, Net			(2,535)	(2,238)
The Coca-Cola company
Trade Accounts Receivable, Net
Current receivables due from related parties			378	776
Heineken Group
Trade Accounts Receivable, Net
Current receivables due from related parties			$ 352	$ 1,172
Top of range
Trade Accounts Receivable, Net
Percentage of unrecoverable trade accounts receivables	6%
[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, 2023	Dec. 31, 2022
Trade Accounts Receivable, Net
Accounts receivable	$ 41,398	$ 47,765
Current
Trade Accounts Receivable, Net
Accounts receivable	25,424	36,978
0‑30 days
Trade Accounts Receivable, Net
Accounts receivable	9,892	7,517
31‑60 days
Trade Accounts Receivable, Net
Accounts receivable	1,398	1,037
61‑90 days
Trade Accounts Receivable, Net
Accounts receivable	835	463
91‑120 days
Trade Accounts Receivable, Net
Accounts receivable	1,017	291
120+ days
Trade Accounts Receivable, Net
Accounts receivable	$ 2,832	$ 1,479

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, 2023	Dec. 31, 2022	Dec. 31, 2021
Trade Accounts Receivable, Net
Balance at the beginning of the period	$ 2,238	$ 1,951	$ 2,462
Allowance for the period	1,367	1,060	496
Addition Net Of Writ Offs Of Credit Losses Of Financial Assets	557	945	821
Addition from business combinations	3	166	0
Effects of changes in foreign exchange rates	(26)	6	(186)
Disposal of businesses	(490)	0	0
Balance at the end of the period		2,238	1,951
Trade receivables
Trade Accounts Receivable, Net
Balance at the beginning of the period	2,238	1,951
Additions (write-offs) of uncollectible accounts	(527)
Balance at the end of the period	$ 2,535	$ 2,238	$ 1,951

Trade Accounts Receivable, Ne_5

Trade Accounts Receivable, Net - Receivable from Coca-Cola (Details) - MXN ($) $ in Millions	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
The Coca-Cola company
Trade Accounts Receivable, Net
Contributions from related parties	$ 2,450	$ 1,170	$ 2,437

Inventories -Summary (Details)

Inventories -Summary (Details) $ in Millions, $ in Millions	12 Months Ended
	Dec. 31, 2023 MXN ($)	Dec. 31, 2022 MXN ($)	Dec. 31, 2021 MXN ($)	Dec. 31, 2023 USD ($)	[1]	Dec. 31, 2023 MXN ($)
Inventories [Abstract]
Finished products		$ 53,185				$ 51,939
Raw materials		6,383				3,701
Spare parts		1,159				1,145
Work in process		1,028				899
Inventories in transit		469				538
Total inventories		62,224		$ 3,445		$ 58,222
Inventory write-downs	$ 3,278	$ 2,089	$ 1,867
[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, 2023	Dec. 31, 2022	Dec. 31, 2021
Inventories [Abstract]
Changes in inventories of finished goods and work in process	$ 286,346	$ 234,174	$ 246,134
Raw materials and consumables used	115,542	84,984	42,014
Total	$ 401,888	$ 319,158	$ 288,148

Other Current Assets and Othe_3

Other Current Assets and Other Current Financial Assets - Other Current Assets (Details) - MXN ($) $ in Millions	Dec. 31, 2023	Dec. 31, 2022
Current assets [abstract]
Prepaid expenses	$ 3,331	$ 3,953
Agreements with customers, net of accumulated amortization	126	208
Licenses	233	247
Other	127	70
Other current assets	$ 3,817	$ 4,478

Other Current Assets and Othe_4

Other Current Assets and Other Current Financial Assets - Prepaid Expenses (Details) - MXN ($) $ in Millions	Dec. 31, 2023	Dec. 31, 2022
Current assets [abstract]
Advances for inventories	$ 1,826	$ 1,964
Advertising and promotional expenses paid in advance	96	119
Advances to service suppliers	4	44
Prepaid leases	63	64
Prepaid insurance	674	332
Others	668	1,430
Current prepaid expenses	$ 3,331	$ 3,953

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, 2023 MXN ($)	Dec. 31, 2022 MXN ($)	Dec. 31, 2021 MXN ($)	Dec. 31, 2023 USD ($)		Dec. 31, 2023 MXN ($)
Other Current Assets and Other Current Financial Assets
Prepaid advertising and promotional expenses	$ 6,778	$ 5,768	$ 7,586
Restricted cash		1,103				$ 304
Current derivative financial assets		10,061				431
Note receivables		205				16,125
Other current financial assets		11,369		$ 998	[1]	16,860
Jetro Restaurant Depot
Other Current Assets and Other Current Financial Assets
Note receivables				$ 933		15,954
U.S. dollars
Other Current Assets and Other Current Financial Assets
Restricted cash		1,095				304
Chilean pesos
Other Current Assets and Other Current Financial Assets
Restricted cash		$ 8				$ 0
[1] Convenience translation to U.S. dollars ($) – See Note 2.2.3

Other Current Assets and Othe_6

Other Current Assets and Other Current Financial Assets - Restricted Cash Pledged (Details) - MXN ($) $ in Millions	Dec. 31, 2023	Dec. 31, 2022
Other Current Assets and Other Current Financial Assets
Restricted cash	$ 304	$ 1,103
U.S. dollars
Other Current Assets and Other Current Financial Assets
Restricted cash	304	1,095
Chilean pesos
Other Current Assets and Other Current Financial Assets
Restricted cash	$ 0	$ 8

Equity Method Accounted Inves_3

Equity Method Accounted Investees - Summary of Equity Accounted Investees (Details) $ in Millions, $ in Millions	1 Months Ended	3 Months Ended	12 Months Ended
	Oct. 31, 2023	Mar. 31, 2023	Dec. 31, 2023 USD ($)		Dec. 31, 2022 MXN ($)	Dec. 31, 2023 MXN ($)	Dec. 31, 2021 MXN ($)
Equity Method Accounted Investees
Carrying Value			$ 1,553	[1]	$ 103,669	$ 26,247	$ 107,299
Promotora Industrial Azucarera, S.A. de C.V. (“PIASA”)
Equity Method Accounted Investees
Economic ownership percentage			36.40%		36.40%
Carrying Value					$ 3,632	3,454
Industria Envasadora de Querétaro, S.A. de C.V. (“IEQSA”)
Equity Method Accounted Investees
Economic ownership percentage			26.50%		26.50%
Carrying Value					$ 157	215
Industria Mexicana de Reciclaje, S.A. de C.V. (“IMER”)
Equity Method Accounted Investees
Economic ownership percentage			35%		35%
Carrying Value					$ 100	99
Jugos del Valle, S.A.P.I. de C.V.
Equity Method Accounted Investees
Economic ownership percentage			28.20%		29.30%
Carrying Value					$ 2,267	2,831
Leao Alimentos e Bebidas, L.T.D.A.
Equity Method Accounted Investees
Economic ownership percentage			25.10%		25.10%
Carrying Value					$ 388	298
Alimentos de Soja S.A.U.
Equity Method Accounted Investees
Economic ownership percentage			10.70%		10.70%
Carrying Value					$ 282	23
Other investments in Coca-Cola FEMSA
Equity Method Accounted Investees
Carrying Value					$ 107	156
Raizen Conveniências
Equity Method Accounted Investees
Ownership Percentage, Joint venture			50%		50%
Carrying Value					$ 2,371	1,636
Dispensadoras de Café, S.A.P.I. de C.V.
Equity Method Accounted Investees
Ownership Percentage, Joint venture			50%		50%
Carrying Value					$ 189	223
Fountain Agua Mineral, L.T.D.A.
Equity Method Accounted Investees
Ownership Percentage, Joint venture			50%		50%
Carrying Value					$ 752	808
Planta Nueva Ecología De Tabasco, S.A. de C.V.
Equity Method Accounted Investees
Ownership Percentage, Joint venture			50%		50%
Carrying Value					$ 578	1,139
Other investments
Equity Method Accounted Investees
Carrying Value					$ 564	333
Heineken Group
Equity Method Accounted Investees
Economic ownership percentage		1%	0%		14.76%
Carrying Value					$ 92,282	0
Heineken Company
Equity Method Accounted Investees
Economic ownership percentage					8.63%
Heineken Holding N.V.
Equity Method Accounted Investees
Economic ownership percentage					12.26%
IFS TopCo LLC
Equity Method Accounted Investees
Economic ownership percentage	37.10%		37.10%		0%
Carrying Value					$ 0	$ 15,032
[1] Convenience translation to U.S. dollars ($) – See Note 2.2.3

Equity Method Accounted Inves_4

Equity Method Accounted Investees - Activity (Details) € in Millions, $ in Millions, $ in Millions					1 Months Ended		3 Months Ended	12 Months Ended
	May 31, 2023 shares	Feb. 17, 2023 shares	Sep. 30, 2020	Apr. 30, 2010	Oct. 31, 2023	Sep. 30, 2020	Mar. 31, 2023 MXN ($)	Dec. 31, 2023 MXN ($) shares	Dec. 31, 2022 MXN ($)	Dec. 31, 2022 EUR (€)	Dec. 31, 2021 MXN ($)	Dec. 31, 2023 USD ($)		Dec. 31, 2023 MXN ($)	Dec. 31, 2022 USD ($)	[2]	Dec. 31, 2022 MXN ($)	Dec. 31, 2020 MXN ($)
Disclosure of Investments in Subsidiaries Joint Ventures and Associates [Line items]
Capital contribution												$ 198	[1]	$ 3,348			$ 3,347
Cash and cash equivalents											$ 97,407	9,770	[2]	165,112	$ 4,937		83,439	$ 107,624
Estrella Azul
Disclosure of Investments in Subsidiaries Joint Ventures and Associates [Line items]
Portion of investment sold			100%			100%
Total Joint Ventures
Disclosure of Investments in Subsidiaries Joint Ventures and Associates [Line items]
Equity income recognized from ownership interest, net of tax								$ 190	$ 192		3
Leao Alimentos y Bebidas LTDA
Disclosure of Investments in Subsidiaries Joint Ventures and Associates [Line items]
Capital reduction											46
Industria Envasadora de Quertaro, S.A. de C.V. (IEQSA)
Disclosure of Investments in Subsidiaries Joint Ventures and Associates [Line items]
Dividends received								$ 79	$ 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%
Heineken Group
Disclosure of Investments in Subsidiaries Joint Ventures and Associates [Line items]
Dividends received								$ 3,428	$ 2,635		2,005
Economic ownership percentage		13.90%		20%				0.90%	14.76%	14.76%
Share of net income exclusive of amortisation adjustments									$ 8,316
Equity income recognized from ownership interest, net of tax							$ 619		7,359		10,775
Number of shares sold, amount									$ 143,638	€ 6,912
Heineken Company
Disclosure of Investments in Subsidiaries Joint Ventures and Associates [Line items]
Economic ownership percentage								8.63%
Number of shares sold (in shares) | shares	28,828,083	20,879,120						49,697,203
Number of shares repurchased (in shares) | shares	2,531,462	7,782,100
Heineken Holding N.V.
Disclosure of Investments in Subsidiaries Joint Ventures and Associates [Line items]
Economic ownership percentage								10.45%
Number of shares sold (in shares) | shares	12,756,044	17,333,518						30,089,562
Number of shares repurchased (in shares) | shares	1,265,731	3,891,050
Jugos del Valle, S.A.P.I. de C.V.
Disclosure of Investments in Subsidiaries Joint Ventures and Associates [Line items]
Capital contribution											44			466
Financial asset recognized on sale														24
Economic ownership percentage								28.20%	29.30%	29.30%
TROP Frutas do Brasil LTDA.
Disclosure of Investments in Subsidiaries Joint Ventures and Associates [Line items]
Impairment loss on investments											250
Planta Nueva Ecología De Tabasco, S.A. de C.V.
Disclosure of Investments in Subsidiaries Joint Ventures and Associates [Line items]
Capital contribution														506			$ 560
Alimentos de Soja S.A.U.
Disclosure of Investments in Subsidiaries Joint Ventures and Associates [Line items]
Impairment loss on investments								$ 143
Economic ownership percentage								10.70%	10.70%	10.70%
IFS TopCo LLC
Disclosure of Investments in Subsidiaries Joint Ventures and Associates [Line items]
Economic ownership percentage					37.10%			37.08%
Cash and cash equivalents												$ 1,500		$ 24,468
Total associates
Disclosure of Investments in Subsidiaries Joint Ventures and Associates [Line items]
Equity income recognized from ownership interest, net of tax								$ 25	$ 194		$ 85
[1] Convenience translation to U.S. dollars ($) – See Note 2.2.3 Convenience translation to U.S. dollars ($) – 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, 2023 USD ($)		Dec. 31, 2023 MXN ($)	Dec. 31, 2022 MXN ($)	Dec. 31, 2022 EUR (€)	Dec. 31, 2021 MXN ($)	Dec. 31, 2023 MXN ($)	Dec. 31, 2022 EUR (€)	Dec. 31, 2020 MXN ($)
Equity Method Accounted Investees
Total current assets	$ 21,076	[1]		$ 226,449			$ 356,159
Total non-current assets	26,611	[1]		572,366			449,697
Total current liabilities	10,792	[1]		176,922			182,381
Total non-current liabilities	14,503	[1]		284,092			245,106
Total equity	22,392	[1]		337,801		$ 335,117	378,369		$ 307,187
Equity attributable to equity holders	17,983	[1]		262,604			$ 303,860
Net income	2,628	[2]	$ 44,439	33,320		29,414
Other comprehensive income	(921)	[3]	(15,557)	(14,932)		3,560
Total comprehensive income	3,615	[3]	61,120	19,811		41,238
Total comprehensive income attributable to equity holders	$ 3,170	[3]	$ 53,598	11,175		$ 32,423
Heineken Group
Equity Method Accounted Investees
Total current assets				227,480				€ 11,015
Total non-current assets				854,803				41,391
Total current liabilities				293,050				14,190
Total non-current liabilities				336,543				16,296
Total equity				452,690				21,920
Equity attributable to equity holders				403,765				€ 19,551
Total revenue and other income				598,072	€ 28,866
Total cost and expenses				509,333	24,583
Net income				62,965	3,039
Net income attributable to equity holders				55,568	2,682
Other comprehensive income				6,257	302
Total comprehensive income				69,222	3,341
Total comprehensive income attributable to equity holders				$ 62,965	€ 3,039
[1] Convenience translation to U.S. dollars ($) – See Note 2.2.3 Convenience translation to U.S. dollars ($) – See Note 2.2.3 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			1 Months Ended	12 Months Ended
	Feb. 17, 2023	Apr. 30, 2010	Oct. 31, 2023	Dec. 31, 2023 USD ($)		Dec. 31, 2023 MXN ($)	Dec. 31, 2022 MXN ($)	Dec. 31, 2021 MXN ($)	Dec. 31, 2023 MXN ($)	Dec. 31, 2022 EUR (€)
Equity Method Accounted Investees
Equity attributable to equity holders				$ 17,983	[1]		$ 262,604		$ 303,860
Results for the period, net of tax				$ (24)	[2]	$ (406)	99	$ (10)
Heineken Group
Equity Method Accounted Investees
Equity attributable to equity holders							$ 403,765			€ 19,551
Economic ownership percentage	13.90%	20%		0.90%		0.90%	14.76%
Investment in IFS TopCo investment exclusive of goodwill and other adjustments							$ 59,560			2,884
Effects of fair value determined by purchase price allocation							14,528			704
Goodwill pending to be allocated							18,194			881
Heineken investment							92,282			€ 4,469
Dividends received						$ 3,428	2,635	2,005
IFS TopCo LLC
Equity Method Accounted Investees
Equity attributable to equity holders				$ 2,141					36,169
Economic ownership percentage			37.10%	37.08%		37.08%
Investment in IFS TopCo investment exclusive of goodwill and other adjustments				$ 794					13,412
Goodwill pending to be allocated				96					1,620
Heineken investment				890					15,032
Fair value of investment				$ 890					$ 15,032
Other Associates
Equity Method Accounted Investees
Results for the period, net of tax						$ (621)	$ 287	$ (98)
[1] Convenience translation to U.S. dollars ($) – See Note 2.2.3 Convenience translation to U.S. dollars ($) – 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, 2023 USD ($)	[1]	Dec. 31, 2023 MXN ($)	Dec. 31, 2022 MXN ($)	Dec. 31, 2021 MXN ($)
Items that may be reclassified to consolidated net income:
Total	$ 361		$ 6,097	$ 2,369	$ 2,925
Items that may not be reclassified to consolidated net income in subsequent periods:
Remeasurements of the Net Defined Benefit Liability	$ 9		160	661	296
Equity investments
Items that may be reclassified to consolidated net income:
Fair value changes			(526)	(286)	32
Exchange differences on translation of foreign operation			6,623	2,655	2,893
Total			6,097	2,369	2,925
Items that may not be reclassified to consolidated net income in subsequent periods:
Remeasurements of the Net Defined Benefit Liability			$ 897	$ 267	$ 590
[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, 2023 USD ($)	[1]	Dec. 31, 2023 MXN ($)	Dec. 31, 2022 MXN ($)	Dec. 31, 2021 MXN ($)
Property, Plant and Equipment
Beginning balance			$ 134,001	$ 115,147
Disposals			(400)	(308)	$ (208)
Ending balance	$ 8,375		141,530	134,001	115,147
Amount payable to suppliers for property, plant and equipment			890	2,278	3,784
Discontinued operations
Property, Plant and Equipment
Ending balance			3,830
Gross carrying amount
Property, Plant and Equipment
Beginning balance			236,775	203,847	196,741
Additions			36,798	33,184	21,453
Additions from business acquisitions			66	6,955	86
Business combinations from disposals			70
Changes in the fair value of past acquisitions			257	(51)	58
Transfer of completed projects in progress				0	0
Transfer (to)/from assets classified as held for sale			57	(107)	56
Effects of changes in foreign exchange rates			(13,742)	(6,677)	(4,136)
Effects on the recognition of inflation effects			3,843	5,250	2,990
Ending balance			249,084	236,775	203,847
Gross carrying amount | PHILIPPINES
Property, Plant and Equipment
Disposals			(13,731)	(5,626)	(13,401)
Gross carrying amount | PHILIPPINES | Envoy Solutions
Property, Plant and Equipment
Disposals			(1,309)
Accumulated depreciation, amortisation and impairment
Property, Plant and Equipment
Beginning balance			(102,774)	(88,700)	(83,635)
Depreciation for the year			(19,411)	(18,339)	(16,333)
Transfer (to)/from assets classified as held for sale			(43)	89	(38)
Disposals			8,915	5,037	10,956
Effects of changes in foreign exchange rates			7,821	2,555	2,114
Effects on the recognition of inflation effects			(2,438)	(3,416)	(1,764)
Ending balance			(107,554)	(102,774)	(88,700)
Accumulated depreciation, amortisation and impairment | Envoy Solutions
Property, Plant and Equipment
Disposals			376
Land
Property, Plant and Equipment
Beginning balance			10,651	10,113
Ending balance			10,744	10,651	10,113
Land | Gross carrying amount
Property, Plant and Equipment
Beginning balance			10,651	10,113	9,922
Additions			135	447	303
Additions from business acquisitions			0	201	0
Business combinations from disposals			0
Changes in the fair value of past acquisitions			73	0	0
Transfer of completed projects in progress			558	159	3
Transfer (to)/from assets classified as held for sale				0	0
Effects of changes in foreign exchange rates			(523)	(458)	(162)
Effects on the recognition of inflation effects			177	222	140
Ending balance			10,744	10,651	10,113
Land | Gross carrying amount | PHILIPPINES
Property, Plant and Equipment
Disposals			(327)	(33)	(93)
Land | Gross carrying amount | PHILIPPINES | Envoy Solutions
Property, Plant and Equipment
Disposals			0
Land | Accumulated depreciation, amortisation and impairment
Property, Plant and Equipment
Beginning balance			0	0	0
Depreciation for the year			0	0	0
Transfer (to)/from assets classified as held for sale			0	0	0
Disposals			0	0	0
Effects of changes in foreign exchange rates			0	0	0
Effects on the recognition of inflation effects			0	0	0
Ending balance			0	0	0
Buildings
Property, Plant and Equipment
Beginning balance			21,488	19,688
Ending balance			20,717	21,488	19,688
Buildings | Gross carrying amount
Property, Plant and Equipment
Beginning balance			31,031	28,109	27,255
Additions			319	774	484
Additions from business acquisitions			0	1,268	0
Business combinations from disposals			0
Changes in the fair value of past acquisitions			(15)	0	0
Transfer of completed projects in progress			1,582	1,571	768
Transfer (to)/from assets classified as held for sale				0	0
Effects of changes in foreign exchange rates			(2,174)	(1,167)	(657)
Effects on the recognition of inflation effects			587	735	464
Ending balance			30,531	31,031	28,109
Buildings | Gross carrying amount | PHILIPPINES
Property, Plant and Equipment
Disposals			(799)	(259)	(205)
Buildings | Gross carrying amount | PHILIPPINES | Envoy Solutions
Property, Plant and Equipment
Disposals			0
Buildings | Accumulated depreciation, amortisation and impairment
Property, Plant and Equipment
Beginning balance			(9,543)	(8,421)	(7,643)
Depreciation for the year			(1,021)	(1,393)	(870)
Transfer (to)/from assets classified as held for sale			0	0	0
Disposals			260	217	80
Effects of changes in foreign exchange rates			708	298	151
Effects on the recognition of inflation effects			(218)	(244)	(139)
Ending balance			(9,814)	(9,543)	(8,421)
Buildings | Accumulated depreciation, amortisation and impairment | Envoy Solutions
Property, Plant and Equipment
Disposals			0
Machinery and Equipment
Property, Plant and Equipment
Beginning balance			51,754	43,822
Ending balance			51,849	51,754	43,822
Machinery and Equipment | Gross carrying amount
Property, Plant and Equipment
Beginning balance			105,004	90,084	86,726
Additions			9,193	8,237	5,263
Additions from business acquisitions			64	4,478	86
Business combinations from disposals			70
Changes in the fair value of past acquisitions			189	(68)	55
Transfer of completed projects in progress			6,008	4,794	4,997
Transfer (to)/from assets classified as held for sale			57	(107)	60
Effects of changes in foreign exchange rates			(5,845)	(1,955)	(1,487)
Effects on the recognition of inflation effects			1,897	2,903	1,580
Ending balance			105,980	105,004	90,084
Machinery and Equipment | Gross carrying amount | PHILIPPINES
Property, Plant and Equipment
Disposals			(9,656)	(3,362)	(7,196)
Machinery and Equipment | Gross carrying amount | PHILIPPINES | Envoy Solutions
Property, Plant and Equipment
Disposals			(1,001)
Machinery and Equipment | Accumulated depreciation, amortisation and impairment
Property, Plant and Equipment
Beginning balance			(53,250)	(46,262)	(43,110)
Depreciation for the year			(10,309)	(9,107)	(8,344)
Transfer (to)/from assets classified as held for sale			(43)	89	(38)
Disposals			6,494	3,319	5,312
Effects of changes in foreign exchange rates			3,898	745	864
Effects on the recognition of inflation effects			(1,265)	(2,034)	(946)
Ending balance			(54,131)	(53,250)	(46,262)
Machinery and Equipment | Accumulated depreciation, amortisation and impairment | Envoy Solutions
Property, Plant and Equipment
Disposals			344
Refrigeration Equipment
Property, Plant and Equipment
Beginning balance			8,428	7,263
Ending balance			9,392	8,428	7,263
Refrigeration Equipment | Gross carrying amount
Property, Plant and Equipment
Beginning balance			18,301	16,563	16,949
Additions			855	939	115
Additions from business acquisitions			0	126	0
Business combinations from disposals			0
Changes in the fair value of past acquisitions			0	0	0
Transfer of completed projects in progress			2,346	2,485	1,351
Transfer (to)/from assets classified as held for sale				0	0
Effects of changes in foreign exchange rates			(1,299)	(1,276)	(556)
Effects on the recognition of inflation effects			400	536	318
Ending balance			19,358	18,301	16,563
Refrigeration Equipment | Gross carrying amount | PHILIPPINES
Property, Plant and Equipment
Disposals			(1,245)	(1,072)	(1,614)
Refrigeration Equipment | Gross carrying amount | PHILIPPINES | Envoy Solutions
Property, Plant and Equipment
Disposals			0
Refrigeration Equipment | Accumulated depreciation, amortisation and impairment
Property, Plant and Equipment
Beginning balance			(9,873)	(9,300)	(9,162)
Depreciation for the year			(1,844)	(2,015)	(1,795)
Transfer (to)/from assets classified as held for sale			0	0	0
Disposals			1,249	936	1,493
Effects of changes in foreign exchange rates			793	860	372
Effects on the recognition of inflation effects			(291)	(354)	(208)
Ending balance			(9,966)	(9,873)	(9,300)
Refrigeration Equipment | Accumulated depreciation, amortisation and impairment | Envoy Solutions
Property, Plant and Equipment
Disposals			0
Returnable Bottles
Property, Plant and Equipment
Beginning balance			7,896	6,758
Ending balance			9,156	7,896	6,758
Returnable Bottles | Gross carrying amount
Property, Plant and Equipment
Beginning balance			22,970	19,432	17,923
Additions			2,782	4,124	3,655
Additions from business acquisitions			0	8	0
Business combinations from disposals			0
Changes in the fair value of past acquisitions			0	0	0
Transfer of completed projects in progress			2,110	645	31
Transfer (to)/from assets classified as held for sale				0	0
Effects of changes in foreign exchange rates			(2,155)	(1,707)	(364)
Effects on the recognition of inflation effects			655	849	487
Ending balance			26,092	22,970	19,432
Returnable Bottles | Gross carrying amount | PHILIPPINES
Property, Plant and Equipment
Disposals			(270)	(381)	(2,300)
Returnable Bottles | Gross carrying amount | PHILIPPINES | Envoy Solutions
Property, Plant and Equipment
Disposals			0
Returnable Bottles | Accumulated depreciation, amortisation and impairment
Property, Plant and Equipment
Beginning balance			(15,074)	(12,674)	(12,152)
Depreciation for the year			(3,257)	(3,234)	(2,708)
Transfer (to)/from assets classified as held for sale			0	0	0
Disposals			261	305	2,391
Effects of changes in foreign exchange rates			1,783	1,274	222
Effects on the recognition of inflation effects			(649)	(745)	(427)
Ending balance			(16,936)	(15,074)	(12,674)
Returnable Bottles | Accumulated depreciation, amortisation and impairment | Envoy Solutions
Property, Plant and Equipment
Disposals			0
Investments in Fixed Assets in Progress
Property, Plant and Equipment
Beginning balance			16,210	10,740
Ending balance			20,564	16,210	10,740
Investments in Fixed Assets in Progress | Gross carrying amount
Property, Plant and Equipment
Beginning balance			16,206	10,736	10,534
Additions			18,376	15,597	8,527
Additions from business acquisitions			2	699	0
Business combinations from disposals			0
Changes in the fair value of past acquisitions			0	0	0
Transfer of completed projects in progress			(12,621)	(9,954)	(7,384)
Transfer (to)/from assets classified as held for sale				0	0
Effects of changes in foreign exchange rates			(1,109)	(589)	(752)
Effects on the recognition of inflation effects			123	7	1
Ending balance			20,564	16,206	10,736
Investments in Fixed Assets in Progress | Gross carrying amount | PHILIPPINES
Property, Plant and Equipment
Disposals			(322)	(290)	(190)
Investments in Fixed Assets in Progress | Gross carrying amount | PHILIPPINES | Envoy Solutions
Property, Plant and Equipment
Disposals			(91)
Investments in Fixed Assets in Progress | Construction In Progress, Netting
Property, Plant and Equipment
Beginning balance			4	4	0
Depreciation for the year			0	0	0
Transfer (to)/from assets classified as held for sale			0	0	0
Disposals			(4)	0	4
Effects of changes in foreign exchange rates			0	0	0
Effects on the recognition of inflation effects			0	0	0
Ending balance			0	4	4
Investments in Fixed Assets in Progress | Construction In Progress, Netting | Envoy Solutions
Property, Plant and Equipment
Disposals			0
Leasehold Improvements
Property, Plant and Equipment
Beginning balance			16,845	16,227
Ending balance			18,220	16,845	16,227
Leasehold Improvements | Gross carrying amount
Property, Plant and Equipment
Beginning balance			31,356	27,759	26,527
Additions			4,572	2,669	2,869
Additions from business acquisitions			0	175	0
Business combinations from disposals			0
Changes in the fair value of past acquisitions			0	36	3
Transfer of completed projects in progress			3	290	215
Transfer (to)/from assets classified as held for sale				0	(8)
Effects of changes in foreign exchange rates			(266)	641	(76)
Effects on the recognition of inflation effects			4	0	0
Ending balance			34,457	31,356	27,759
Leasehold Improvements | Gross carrying amount | PHILIPPINES
Property, Plant and Equipment
Disposals			(1,012)	(214)	(1,771)
Leasehold Improvements | Gross carrying amount | PHILIPPINES | Envoy Solutions
Property, Plant and Equipment
Disposals			(200)
Leasehold Improvements | Accumulated depreciation, amortisation and impairment
Property, Plant and Equipment
Beginning balance			(14,511)	(11,532)	(11,130)
Depreciation for the year			(2,784)	(2,456)	(2,462)
Transfer (to)/from assets classified as held for sale			0	0	0
Disposals			592	248	1,649
Effects of changes in foreign exchange rates			398	(766)	417
Effects on the recognition of inflation effects			(2)	(5)	(6)
Ending balance			(16,237)	(14,511)	(11,532)
Leasehold Improvements | Accumulated depreciation, amortisation and impairment | Envoy Solutions
Property, Plant and Equipment
Disposals			70
Other
Property, Plant and Equipment
Beginning balance			729	536
Ending balance			888	729	536
Other | Gross carrying amount
Property, Plant and Equipment
Beginning balance			1,256	1,051	905
Additions			566	397	237
Additions from business acquisitions			0	0	0
Business combinations from disposals			0
Changes in the fair value of past acquisitions			10	(19)	0
Transfer of completed projects in progress			14	10	19
Transfer (to)/from assets classified as held for sale				0	4
Effects of changes in foreign exchange rates			(371)	(166)	(82)
Effects on the recognition of inflation effects			0	(2)	0
Ending balance			1,358	1,256	1,051
Other | Gross carrying amount | PHILIPPINES
Property, Plant and Equipment
Disposals			(100)	(15)	(32)
Other | Gross carrying amount | PHILIPPINES | Envoy Solutions
Property, Plant and Equipment
Disposals			(17)
Other | Accumulated depreciation, amortisation and impairment
Property, Plant and Equipment
Beginning balance			(527)	(515)	(438)
Depreciation for the year			(196)	(134)	(154)
Transfer (to)/from assets classified as held for sale			0	0	0
Disposals			63	12	27
Effects of changes in foreign exchange rates			241	144	88
Effects on the recognition of inflation effects			(13)	(34)	(38)
Ending balance			(470)	$ (527)	$ (515)
Other | Disposals, Netting | Envoy Solutions
Property, Plant and Equipment
Disposals			$ (38)
[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, 2023 USD ($)	[1]	Dec. 31, 2023 MXN ($)	Dec. 31, 2022 MXN ($)
Leases
Right-of-use assets, beginning			$ 83,966	$ 56,994
Additions			22,630	10,686
Changes in fair value of past acquisitions			2,804	21,933
Transfer (from)/to assets classified as held for sale			(7,339)
Disposals			(6,097)	(1,541)
Remeasurements			9,090	6,722
Depreciation			(14,768)	(10,472)
Effects of changes in foreign exchange rates and restatement effects associated with hyperinflationary economies			(2,345)	(356)
Right-of-use assets, ending	$ 5,204		87,941	83,966
Land and buildings
Leases
Right-of-use assets, beginning			81,753	54,944
Additions			21,858	10,208
Changes in fair value of past acquisitions			2,774	21,414
Transfer (from)/to assets classified as held for sale			(6,721)
Disposals			(5,956)	(1,464)
Remeasurements			8,416	6,228
Depreciation			(13,889)	(9,366)
Effects of changes in foreign exchange rates and restatement effects associated with hyperinflationary economies			(2,184)	(211)
Right-of-use assets, ending			86,051	81,753
Other
Leases
Right-of-use assets, beginning			2,213	2,050
Additions			772	478
Changes in fair value of past acquisitions			30	519
Transfer (from)/to assets classified as held for sale			(618)
Disposals			(141)	(77)
Remeasurements			674	494
Depreciation			(879)	(1,106)
Effects of changes in foreign exchange rates and restatement effects associated with hyperinflationary economies			(161)	(145)
Right-of-use assets, ending			1,890	$ 2,213
Discontinued operations
Leases
Right-of-use assets, ending			$ 2,827
[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, 2023 USD ($)	[1]	Dec. 31, 2023 MXN ($)	Dec. 31, 2022 MXN ($)
Leases
Total undiscounted lease liabilities			$ 140,768	$ 106,566
Total lease liabilities			96,073	93,317
Current	$ 724		12,236	12,095
Non-Current	$ 4,961		83,837	81,222
2024
Leases
Total undiscounted lease liabilities			24,267	14,374
One to five years
Leases
Total undiscounted lease liabilities			57,694	45,562
Five to ten years
Leases
Total undiscounted lease liabilities			40,107	32,348
More than ten years
Leases
Total undiscounted lease liabilities			$ 18,700	$ 14,282
[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, 2023	Dec. 31, 2022	Dec. 31, 2021
Leases
Weighted average incremental borrowing rate	9.79%	9.17%
Interest expense on lease liabilities	$ 6,841	$ 5,789	$ 5,118
Expense relating to leases of low-value assets for which recognition exemption has been used	$ 10	841	112
Lease liabilities
Leases
Cash flows		$ 13,291	$ 10,977
Retail Stores
Leases
Operating lease term	15 years
Retail Stores | Top of range
Leases
Operating lease term	5 years
Retail Stores | Bottom of range
Leases
Operating lease term	3 years
Office Space | Top of range
Leases
Operating lease term	5 years
Office Space | Bottom of range
Leases
Operating lease term	3 years
Vehicles, Servers and Equipment | Top of range
Leases
Operating lease term	5 years
Vehicles, Servers and Equipment | Bottom of range
Leases
Operating lease term	3 years
IT Equipment | Top of range
Leases
Operating lease term	1 year
IT Equipment | Bottom of range
Leases
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, 2023 USD ($)	[1]	Dec. 31, 2023 MXN ($)	Dec. 31, 2022 MXN ($)	Dec. 31, 2021 MXN ($)
Disclosure of reconciliation of changes in intangible assets and goodwill [line items]
Beginning balance			$ 190,772	$ 158,138
Amortization expense			(3,295)	(2,696)	$ (2,694)
Ending balance	$ 8,475		143,218	190,772	158,138
Rights to Produce and Distribute Coca-Cola Trademark Products
Disclosure of reconciliation of changes in intangible assets and goodwill [line items]
Beginning balance			75,756	75,396
Ending balance			73,952	75,756	75,396
Goodwill
Disclosure of reconciliation of changes in intangible assets and goodwill [line items]
Beginning balance			85,704	57,351
Ending balance			45,522	85,704	57,351
Trademark rights
Disclosure of reconciliation of changes in intangible assets and goodwill [line items]
Beginning balance			9,044	8,073
Ending balance			12,898	9,044	8,073
Other Indefinite Lived Intangible Assets
Disclosure of reconciliation of changes in intangible assets and goodwill [line items]
Beginning balance			1,265	1,413
Ending balance			1,483	1,265	1,413
Total Unamortized Intangible Assets
Disclosure of reconciliation of changes in intangible assets and goodwill [line items]
Beginning balance			171,769	142,233
Ending balance			133,855	171,769	142,233
Technology Costs and Management Systems
Disclosure of reconciliation of changes in intangible assets and goodwill [line items]
Beginning balance			3,884	4,247
Ending balance			4,602	3,884	4,247
Customer Relationships
Disclosure of reconciliation of changes in intangible assets and goodwill [line items]
Beginning balance			10,336	9,192
Ending balance			169	10,336	9,192
Alcohol Licenses
Disclosure of reconciliation of changes in intangible assets and goodwill [line items]
Beginning balance			1,038	1,168
Ending balance			1,037	1,038	1,168
Other
Disclosure of reconciliation of changes in intangible assets and goodwill [line items]
Beginning balance			3,745	1,298
Ending balance			3,555	3,745	1,298
Total Amortized Intangible Assets
Disclosure of reconciliation of changes in intangible assets and goodwill [line items]
Beginning balance			19,003	15,905
Ending balance			9,363	19,003	15,905
Accumulated depreciation, amortisation and impairment
Disclosure of reconciliation of changes in intangible assets and goodwill [line items]
Beginning balance			(12,898)	(10,032)	(8,961)
Amortization expense			(3,295)	(2,696)	(2,694)
Business disposals			(4,337)
Disposals			370	1,152	890
Effect of movements in exchange rates			968	(1,227)	787
Changes in value on the recognition of inflation effects			(78)	(95)	(54)
Impairment			(36)
Ending balance			(10,632)	(12,898)	(10,032)
Accumulated depreciation, amortisation and impairment | Trademark rights
Disclosure of reconciliation of changes in intangible assets and goodwill [line items]
Impairment			(36)
Ending balance			(36)
Accumulated depreciation, amortisation and impairment | Total Unamortized Intangible Assets
Disclosure of reconciliation of changes in intangible assets and goodwill [line items]
Impairment			(36)
Ending balance			(36)
Accumulated depreciation, amortisation and impairment | Technology Costs and Management Systems
Disclosure of reconciliation of changes in intangible assets and goodwill [line items]
Beginning balance			(7,021)	(6,414)	(6,469)
Amortization expense			(1,519)	(1,312)	(1,473)
Business disposals			(276)
Disposals			161	992	789
Effect of movements in exchange rates			578	(193)	792
Changes in value on the recognition of inflation effects			(78)	(94)	(53)
Ending balance			(7,603)	(7,021)	(6,414)
Accumulated depreciation, amortisation and impairment | Customer Relationships
Disclosure of reconciliation of changes in intangible assets and goodwill [line items]
Beginning balance			(3,152)	(1,608)	(827)
Amortization expense			(1,113)	(915)	(791)
Business disposals			(4,010)
Disposals			0	157
Effect of movements in exchange rates			188	(786)	10
Changes in value on the recognition of inflation effects					0
Ending balance			(67)	(3,152)	(1,608)
Accumulated depreciation, amortisation and impairment | Alcohol Licenses
Disclosure of reconciliation of changes in intangible assets and goodwill [line items]
Beginning balance			(939)	(838)	(736)
Amortization expense			(116)	(104)	(102)
Business disposals			0
Disposals			0	3
Effect of movements in exchange rates			(15)
Changes in value on the recognition of inflation effects					1
Ending balance			(1,040)	(939)	(838)
Accumulated depreciation, amortisation and impairment | Other
Disclosure of reconciliation of changes in intangible assets and goodwill [line items]
Beginning balance			(1,786)	(1,172)	(929)
Amortization expense			(547)	(365)	(328)
Business disposals			(51)
Disposals			209	0	101
Effect of movements in exchange rates			187	(248)	(15)
Changes in value on the recognition of inflation effects			0	(1)
Ending balance			(1,886)	(1,786)	(1,172)
Accumulated depreciation, amortisation and impairment | Total Amortized Intangible Assets
Disclosure of reconciliation of changes in intangible assets and goodwill [line items]
Beginning balance			(12,898)	(10,032)	(8,961)
Amortization expense			(3,295)	(2,696)	(2,694)
Business disposals			(4,337)
Disposals			370	1,152	890
Effect of movements in exchange rates			968	(1,227)	787
Changes in value on the recognition of inflation effects			(78)	(95)	(54)
Ending balance			(10,596)	(12,898)	(10,032)
Gross carrying amount
Disclosure of reconciliation of changes in intangible assets and goodwill [line items]
Beginning balance			203,670	168,170	164,462
Additions			3,405	2,232	2,517
Acquisitions from business combinations (see Note 4)			4,302	37,335	8,879
Changes in fair value of past acquisitions			455	398
Business disposals			(46,412)	10
Disposals			(597)	(925)	(1,133)
Effect of movements in exchange rates			(7,998)	(2,860)	(5,468)
Changes in value on the recognition of inflation effects			70	80	62
Impairment			(4,995)	(770)	(1,149)
Business combinations from disposals			1,950
Ending balance			153,850	203,670	168,170
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			75,756	75,396	76,649
Additions				0	2
Effect of movements in exchange rates			(1,568)	(756)	(1,255)
Ending balance			73,952	75,756	75,396
Gross carrying amount | Goodwill
Disclosure of reconciliation of changes in intangible assets and goodwill [line items]
Beginning balance			85,704	57,351	52,820
Additions			0	22
Acquisitions from business combinations (see Note 4)			3,918	33,715	7,940
Changes in fair value of past acquisitions			(12,273)	(2,557)
Business disposals			(25,036)
Disposals			(2)	0	(12)
Effect of movements in exchange rates			(3,744)	(2,057)	(2,303)
Impairment			(4,995)	(770)	(1,094)
Business combinations from disposals			1,950
Ending balance			45,522	85,704	57,351
Gross carrying amount | Trademark rights
Disclosure of reconciliation of changes in intangible assets and goodwill [line items]
Beginning balance			9,044	8,073	8,647
Acquisitions from business combinations (see Note 4)				1,077	65
Transfer of completed development systems			0
Disposals					0
Effect of movements in exchange rates			(810)	(106)	(584)
Impairment				0	(55)
Ending balance			12,934	9,044	8,073
Gross carrying amount | Other Indefinite Lived Intangible Assets
Disclosure of reconciliation of changes in intangible assets and goodwill [line items]
Beginning balance			1,265	1,413	1,376
Additions			4	12	127
Disposals			(2)	(2)	(10)
Effect of movements in exchange rates			45	(158)	(80)
Ending balance			1,483	1,265	1,413
Gross carrying amount | Total Unamortized Intangible Assets
Disclosure of reconciliation of changes in intangible assets and goodwill [line items]
Beginning balance			171,769	142,233	139,492
Additions			4	34	129
Acquisitions from business combinations (see Note 4)			3,944	35,908	8,005
Changes in fair value of past acquisitions			(4,590)	(2,557)
Business disposals			(28,113)
Transfer of completed development systems			3
Disposals			(4)	(2)	(22)
Effect of movements in exchange rates			(6,077)	(3,077)	(4,222)
Impairment			(4,995)	(770)	(1,149)
Business combinations from disposals			1,950
Ending balance			133,891	171,769	142,233
Gross carrying amount | Technology Costs and Management Systems
Disclosure of reconciliation of changes in intangible assets and goodwill [line items]
Beginning balance			10,905	10,661	10,873
Additions			1,966	672	1,140
Acquisitions from business combinations (see Note 4)					0
Business disposals				10
Transfer of completed development systems			292	65	262
Disposals			(197)	(891)	(973)
Effect of movements in exchange rates			(424)	15	(641)
Ending balance			12,205	10,905	10,661
Gross carrying amount | Customer Relationships
Disclosure of reconciliation of changes in intangible assets and goodwill [line items]
Beginning balance			13,488	10,800	9,850
Acquisitions from business combinations (see Note 4)			188	0	873
Changes in fair value of past acquisitions			5,162	2,955
Business disposals			(17,788)
Disposals			0	(3)
Effect of movements in exchange rates			(814)	(264)	77
Ending balance			236	13,488	10,800
Gross carrying amount | Alcohol Licenses
Disclosure of reconciliation of changes in intangible assets and goodwill [line items]
Beginning balance			1,977	2,006	1,897
Additions			261	50	145
Transfer of completed development systems			0	(50)
Disposals			(161)	(29)	(36)
Ending balance			2,077	1,977	2,006
Gross carrying amount | Other
Disclosure of reconciliation of changes in intangible assets and goodwill [line items]
Beginning balance			5,531	2,470	2,350
Additions			1,174	1,476	1,103
Acquisitions from business combinations (see Note 4)				1,054	1
Transfer of completed development systems			(295)	(15)	(262)
Disposals			(235)	0	(102)
Effect of movements in exchange rates			(683)	466	(682)
Changes in value on the recognition of inflation effects			70	80	62
Ending balance			5,441	5,531	2,470
Gross carrying amount | Total Amortized Intangible Assets
Disclosure of reconciliation of changes in intangible assets and goodwill [line items]
Beginning balance			31,901	25,937	24,970
Additions			3,401	2,198	2,388
Acquisitions from business combinations (see Note 4)				1,427	874
Changes in fair value of past acquisitions			5,045	2,955
Business disposals				10
Transfer of completed development systems			(3)
Disposals			(593)	(923)	(1,111)
Effect of movements in exchange rates			(1,921)	217	(1,246)
Changes in value on the recognition of inflation effects			70	80	62
Ending balance			19,959	31,901	$ 25,937
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)			0	1,116
Business disposals			(12)
Gross carrying amount | Coca-Cola FEMSA | Trademark rights
Disclosure of reconciliation of changes in intangible assets and goodwill [line items]
Acquisitions from business combinations (see Note 4)			26
Changes in fair value of past acquisitions			7,683
Business disposals			(3,009)
Transfer of completed development systems			(224)
Gross carrying amount | Coca-Cola FEMSA | Other Indefinite Lived Intangible Assets
Disclosure of reconciliation of changes in intangible assets and goodwill [line items]
Business disposals			(56)
Transfer of completed development systems			227
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)			145	$ 373
Business disposals			(482)
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)			25
Changes in fair value of past acquisitions			(117)
Business disposals			(29)
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)			358
Business disposals			(18,299)
Discontinued operations
Disclosure of reconciliation of changes in intangible assets and goodwill [line items]
Ending balance			$ 6,250
[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, 2023	Dec. 31, 2022	Dec. 31, 2021
Disclosure Of Allocation Of Amortisation Expenses [abstract]
Cost of goods sold	$ 1,229	$ 207	$ 254
Administrative expenses	1,257	1,771	1,630
Selling expenses	809	718	810
Amortization expense	$ 3,295	$ 2,696	$ 2,694

Intangible Assets - Average Rem

Intangible Assets - Average Remaining Amortization Period (Details)	12 Months Ended
	Dec. 31, 2023
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	3 years
Bottom of range | Customer Relationships
Disclosure of intangible assets material to entity [line items]
Average Remaining Period Intangible Assets Subject to Amortization	6 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, 2023 USD ($)	[1]	Dec. 31, 2023 MXN ($)	Dec. 31, 2022 MXN ($)	Dec. 31, 2021 MXN ($)
Disclosure of information for cash-generating units [line items]
Intangible assets	$ 8,475		$ 143,218	$ 190,772	$ 158,138
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]
Intangible assets			97,616	100,054
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]
Intangible assets			56,662	56,967
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]
Intangible assets			1,684	1,691
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]
Intangible assets			404	404
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]
Intangible assets			1,418	1,418
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]
Intangible assets			1,169	1,170
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]
Intangible assets			3,635	3,583
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]
Intangible assets			30,018	31,883
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]
Intangible assets			245	426
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]
Intangible assets			$ 2,381	$ 2,512
[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, 2023	Dec. 31, 2022
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	9%	9.50%
Post-tax WACC	6.30%	6.50%
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	4.30%
Expected Volume Growth Rates	4.40%
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		4.30%
Expected Volume Growth Rates		2.40%
Mexico | Health Division
Disclosure of information for cash-generating units [line items]
Impairment charge, intangibles	$ 1,975	$ 2,455
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	10.10%	11.60%
Post-tax WACC	6.80%	7.20%
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	3.80%
Expected Volume Growth Rates	3.80%
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		3.90%
Expected Volume Growth Rates		4.30%
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	12.20%	13.90%
Post-tax WACC	7.70%	8%
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	4.20%
Expected Volume Growth Rates	6.80%
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		3.90%
Expected Volume Growth Rates		9.50%
Colombia | Health Division
Disclosure of information for cash-generating units [line items]
Impairment charge, intangibles	$ 634	$ 577
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	20.80%	27.80%
Post-tax WACC	16.10%	19.80%
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	70.80%
Expected Volume Growth Rates	4.80%
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		68%
Expected Volume Growth Rates		4.50%
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	9.30%	10.20%
Post-tax WACC	7.30%	7.60%
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	4%
Expected Volume Growth Rates	14.90%
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		4.40%
Expected Volume Growth Rates		14.80%
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	11.40%	15.40%
Post-tax WACC	8.80%	10.20%
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	2.90%
Expected Volume Growth Rates	6.60%
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		3.30%
Expected Volume Growth Rates		6.40%
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	23.30%	24.60%
Post-tax WACC	16.40%	11.80%
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	2.60%
Expected Volume Growth Rates	6.50%
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		4.10%
Expected Volume Growth Rates		6%
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	11.60%	11%
Post-tax WACC	8.60%	8.30%
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	2%
Expected Volume Growth Rates	7.80%
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		2.20%
Expected Volume Growth Rates		4%
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	9.70%	10.20%
Post-tax WACC	7.40%	7.40%
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	5.70%
Expected Volume Growth Rates	3.70%
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		5.70%
Expected Volume Growth Rates		4%
South America | Health Division
Disclosure of information for cash-generating units [line items]
Impairment charge, intangibles	$ 8,695
South America | Health Division | Coca-Cola FEMSA
Disclosure of information for cash-generating units [line items]
Pre-tax WACC	7.30%	9.30%
Post-tax WACC	6.40%	6.50%
South America | Health Division | 2023-2027 | Coca-Cola FEMSA
Disclosure of information for cash-generating units [line items]
Expected Annual Long-Term Inflation	2.60%
Expected Volume Growth Rates	0.20%
South America | Health Division | 2022-2026 | 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%
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	5.80%
Post-tax WACC	5.50%
Impairment charge, intangibles	$ 22,519
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	1.40%
Expected Volume Growth Rates	0.20%
Chile | Health Division
Disclosure of information for cash-generating units [line items]
Impairment charge, intangibles	$ 5,890	$ 7,786
Ecuador | Health Division
Disclosure of information for cash-generating units [line items]
Impairment charge, intangibles	$ 196	$ 50

Intangible Assets - Sensitivity

Intangible Assets - Sensitivity to Changes in Assumptions (Details)	12 Months Ended
	Dec. 31, 2023 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	0.70%
Change in Sales Growth CAGR	0.50%
Effect on Valuation	Passes by 1.85x
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 1.42x
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	60%
Change in Sales Growth CAGR	(1.00%)
Effect on Valuation	Passes by 3.2x
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	80%
Change in Sales Growth CAGR	(1.00%)
Effect on Valuation	Passes by 0.9x
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	90%
Change in Sales Growth CAGR	(1.00%)
Effect on Valuation	Passes by 1.1x
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	330%
Change in Sales Growth CAGR	(1.00%)
Effect on Valuation	Passes by 0.9x
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	70%
Change in Sales Growth CAGR	(1.00%)
Effect on Valuation	Passes by 5.4x
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	80%
Change in Sales Growth CAGR	(1.00%)
Effect on Valuation	Passes by 4x
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	330%
Change in Sales Growth CAGR	(1.00%)
Effect on Valuation	Passes by 0.8x
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	70%
Change in Sales Growth CAGR	(1.00%)
Effect on Valuation	Passes by 2.2x
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	30%
Change in Sales Growth CAGR	(1.00%)
Effect on Valuation	Passes by 2x

Intangible Assets - Health Divi

Intangible Assets - Health Division Test (Details) - Health Division - MXN ($) $ in Millions	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
South America
Disclosure of information for cash-generating units [line items]
Impairment charge, intangibles	$ 8,695
Mexico
Disclosure of information for cash-generating units [line items]
Impairment charge, intangibles	1,975	$ 2,455
Chile
Disclosure of information for cash-generating units [line items]
Impairment charge, intangibles	5,890	7,786
Colombia
Disclosure of information for cash-generating units [line items]
Impairment charge, intangibles	634	577
Ecuador
Disclosure of information for cash-generating units [line items]
Impairment charge, intangibles	$ 196	$ 50

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, 2023 USD ($)	[1]	Dec. 31, 2023 MXN ($)	Dec. 31, 2022 MXN ($)
Non-current assets [abstract]
Agreements with customers, net of accumulated amortization and other rights			$ 766	$ 771
Non-current prepaid advertising expenses			238	184
Guarantee deposits			1,410	1,612
Prepaid bonuses			445	327
Advances to acquire property, plant and equipment			1,432	981
Recoverable taxes			2,120	1,844
Indemnifiable assets from business combinations			1,030	1,555
Others			1,055	1,984
Total other assets	$ 503		$ 8,496	$ 9,258
[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, 2023 USD ($)	[1]	Dec. 31, 2023 MXN ($)	Dec. 31, 2022 MXN ($)
Non-current assets [abstract]
Non-current accounts receivables			$ 1,686	$ 1,686
Derivative financial instruments			3,880	3,520
Others			1,587	923
Other investments measured at FVTPL			7,514	0
Other investments in equity instruments			0	17,681
Other non-current financial assets	$ 868		$ 14,667	$ 23,810
[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) $ in Millions, $ in Millions	Dec. 31, 2023 MXN ($)	Dec. 31, 2023 USD ($)	Dec. 31, 2022 MXN ($)
Disclosure Of Other Assets And Other Financial Assets [line items]
Non-current accounts receivables	$ 1,686		$ 1,686
Other investments in equity instruments	0		$ 17,681
Non-current held-to-maturity investments	696
Jetro Restaurant Depot
Disclosure Of Other Assets And Other Financial Assets [line items]
Other investments in equity instruments	15,954	$ 933
Health Division
Disclosure Of Other Assets And Other Financial Assets [line items]
Non-current accounts receivables	$ 543

Balances and Transactions wit_3

Balances and Transactions with Related Parties and Affiliated Companies - Balances (Details) - MXN ($) $ in Millions	Dec. 31, 2023	Dec. 31, 2022
Balances
Account receivable with related party transaction	$ 378	$ 776
Other receivables	93	114
Other payables	1,845	2,711
BBVA Bancomer, S.A de C.V. | Bank loans and notes payables
Balances
Account payables with related party transactions	1,651	2,317
BBVA Bancomer, S.A de C.V. | Cash and cash equivalent
Balances
Assets balance with related party transaction	5,233	3,891
Grupo Financiero Scotiabank Inverlat SA
Balances
Assets balance with related party transaction	3,897	2,350
Account payables with related party transactions	124	65
Heineken Group | Accounts payable
Balances
Account payables with related party transactions	0	3,214
Heineken Group | Accounts receivable and other financial assets
Balances
Assets balance with related party transaction	0	2,455
The Coca-Cola company | Bank loans and notes payables and accounts payable
Balances
Account payables with related party transactions	$ 1,196	$ 1,248

Balances and Transactions wit_4

Balances and Transactions with Related Parties and Affiliated Companies - Transactions (Details) - MXN ($) $ in Millions	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Expenses:
Other expenses with related parties	$ 225	$ 57	$ 206
Other revenue
Income:
Income from related party transaction	1,671	963	814
Heineken Group
Income:
Income from related party transaction	0	3,796	2,530
Heineken Group | Beer
Expenses:
Purchase of goods from related party transaction	0	16,006	19,552
Jugos del Valle, S.A.P.I. de C.V. | Logistic services
Income:
Income from related party transaction	601	552	514
Jugos del Valle, S.A.P.I. de C.V. | Juices
Expenses:
Purchase of goods from related party transaction	5,301	4,990	4,102
BBVA Bancomer, S.A de C.V.
Expenses:
Interest expense and fee paid to related party transaction	215	472	72
BBVA Bancomer, S.A de C.V. | Interest Revenue
Income:
Income from related party transaction	3,346	2,297	2,146
Grupo Financiero Scotiabank Inverlat SA | Interest Revenue
Income:
Income from related party transaction	413	455	302
The Coca-Cola company
Expenses:
Contributions	2,450	1,170	2,437
The Coca-Cola company | Concentrate
Expenses:
Purchase of goods from related party transaction	46,461	43,717	37,213
The Coca-Cola company | Advertising
Expenses:
Services received, related party transaction	869	545	1,482
Grupo Industrial Bimbo, S.A.B. de C. V. | Baked goods and snacks
Expenses:
Purchase of goods from related party transaction	7,264	6,101	4,417
Promotora Industrial Azucarera, S.A. de C.V. | Sugar
Expenses:
Purchase of goods from related party transaction	2,841	2,841	2,213
Beta San Miguel | Sugar
Expenses:
Purchase of goods from related party transaction	917	724	938
Fountain Agua Mineral, L.T.D.A. | Inventories
Expenses:
Purchase of goods from related party transaction	638	0	0
Industria Envasadora de Querétaro, S.A. de C.V. (“IEQSA”) | Canned products
Expenses:
Purchase of goods from related party transaction	843	577	234
AdeS Alimentos y Bebidas
Expenses:
Purchase of goods from related party transaction	2,466	0	0
Leao Alimentos e Bebidas, L.T.D.A. | Inventories
Expenses:
Purchase of goods from related party transaction	181	215	1,320
Ecolab Inc | Materials
Expenses:
Purchase of goods from related party transaction	0	99	450
Grupo Televisa, S.A.B. de C.V. | Advertising
Expenses:
Services received, related party transaction	196	123	167
Grupo Nacional Provincial, S.A.B.
Expenses:
Services received, related party transaction	0	10	1
Fundacion FEMSA, A.C.
Expenses:
Donations to related party transactions	309	232	144
Difusion y Fomento Cultural, A.C.
Expenses:
Donations to related party transactions	123	20	32
Donations to ITESM
Expenses:
Donations to related party transactions	237	371	208
Industria Mexicana de Reciclaje, S.A. de C.V. (“IMER”) | Resine
Expenses:
Purchase of goods from related party transaction	$ 458	$ 504	$ 416

Balances and Transactions wit_5

Balances and Transactions with Related Parties and Affiliated Companies - Commitments (Details) - MXN ($) $ in Millions	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Related party transactions [abstract]
Short-term employee benefits paid	$ 3,742	$ 2,381	$ 1,934
Postemployment benefits	54	53	52
Termination benefits	935	63	36
Share-based payments (Note 18.2)	$ 943	$ 866	$ 853

Balances and Transactions in _3

Balances and Transactions in Foreign Currencies - Balances (Details) - MXN ($) $ in Millions	Dec. 31, 2023	Dec. 31, 2022
Disclosure of Balances and Transactions in Foreign Currencies [line items]
Short-Term Assets	$ 132,500	$ 40,637
Long-Term Assets	2,206	2,336
Short-Term Liabilities	6,038	11,455
Long-Term Liabilities	91,373	136,744
U.S. dollars
Disclosure of Balances and Transactions in Foreign Currencies [line items]
Short-Term Assets	128,143	40,557
Long-Term Assets	895	978
Short-Term Liabilities	5,534	11,049
Long-Term Liabilities	71,969	111,962
Euros
Disclosure of Balances and Transactions in Foreign Currencies [line items]
Short-Term Assets	4,311	34
Long-Term Assets	0	0
Short-Term Liabilities	498	400
Long-Term Liabilities	19,404	24,782
Other currencies
Disclosure of Balances and Transactions in Foreign Currencies [line items]
Short-Term Assets	46	46
Long-Term Assets	1,311	1,358
Short-Term Liabilities	6	6
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, 2023 USD ($)	[1]	Dec. 31, 2023 MXN ($)	Dec. 31, 2022 MXN ($)	Dec. 31, 2021 MXN ($)
Disclosure of Balances and Transactions in Foreign Currencies [line items]
Raw materials and consumables used			$ 115,542	$ 84,984	$ 42,014
Interest expense	$ 883		14,916	15,853	16,630
All Currencies Other Than Peso
Disclosure of Balances and Transactions in Foreign Currencies [line items]
Revenues			16,395	7,024	4,282
Other Operating Revenues			5,984	2,081	2,121
Raw materials and consumables used			21,991	25,500	20,090
Interest expense			1,554	2,637	4,837
Consulting Fees			1,597	1,038	843
Asset Acquisitions			43	47	188
Share Disposition			3,120
Other			5,033	5,024	2,973
U.S. dollars
Disclosure of Balances and Transactions in Foreign Currencies [line items]
Revenues			13,322	6,373	4,261
Other Operating Revenues			5,981	2,080	2,107
Raw materials and consumables used			21,806	25,247	20,009
Interest expense			1,266	2,411	3,466
Consulting Fees			815	1,011	826
Asset Acquisitions			40	44	180
Share Disposition			0
Other			5,022	4,245	2,908
Euros
Disclosure of Balances and Transactions in Foreign Currencies [line items]
Revenues			3,064	651	14
Other Operating Revenues			1	1
Raw materials and consumables used			185	253	81
Interest expense			288	226	1,371
Consulting Fees			782	11	16
Asset Acquisitions			0	3	8
Share Disposition			3,120
Other			11	779	1
Other currencies
Disclosure of Balances and Transactions in Foreign Currencies [line items]
Revenues				0	7
Other Operating Revenues				0	14
Raw materials and consumables used					0
Interest expense					0
Consulting Fees			0	16	1
Asset Acquisitions			3
Share Disposition			$ 0
Other				$ 0	$ 64
[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. 22, 2024 $ / $	Mar. 20, 2024 $ / € $ / $	Dec. 31, 2023 $ / $ $ / €	Dec. 31, 2022 $ / $ $ / €
Disclosure of exchange rates [Line Items]
Exchange rate			16.8998
Abnormally large changes in asset prices or foreign exchange rates
Disclosure of exchange rates [Line Items]
Exchange rate	17.2062
U.S. dollars
Disclosure of exchange rates [Line Items]
Exchange rate			16.8935	19.3615
U.S. dollars | Abnormally large changes in asset prices or foreign exchange rates
Disclosure of exchange rates [Line Items]
Exchange rate		16.4583
Euros
Disclosure of exchange rates [Line Items]
Exchange rate | $ / €			18.6896	20.7810
Euros | Abnormally large changes in asset prices or foreign exchange rates
Disclosure of exchange rates [Line Items]
Exchange rate | $ / €		17.7503

Employee Benefits - Actuarial A

Employee Benefits - Actuarial Assumptions (Details)	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Financial:
Discount rate used to calculate the defined benefit obligation	10.20%	9.90%	8%
Salary increase	4.75%	4.75%	4.50%
Future pension increases	3.75%	3.75%	3.50%
Healthcare cost increase rate	6%	6%	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, 2023 MXN ($)
Disclosure of defined benefit plans [line items]
2024	$ 1,078
2025	681
2026	664
2027	800
2028	799
2029 to 2033	5,200
Pension and Retirement Plans
Disclosure of defined benefit plans [line items]
2024	701
2025	400
2026	402
2027	544
2028	549
2029 to 2033	3,888
Seniority Premiums
Disclosure of defined benefit plans [line items]
2024	359
2025	262
2026	242
2027	234
2028	226
2029 to 2033	1,157
Post-Retirement Medical Services
Disclosure of defined benefit plans [line items]
2024	18
2025	19
2026	20
2027	22
2028	24
2029 to 2033	$ 155

Employee Benefits - Liabilities

Employee Benefits - Liabilities for Employee Benefits (Details) - MXN ($) $ in Millions	Dec. 31, 2023	Dec. 31, 2022
Disclosure of defined benefit plans [line items]
Defined benefit obligation (plan funds)	$ 6,920	$ 7,048
Pension and Retirement Plans
Disclosure of defined benefit plans [line items]
Defined benefit obligation (plan funds)	4,402	4,640
Pension and Retirement Plans | Discontinued operations
Disclosure of defined benefit plans [line items]
Defined benefit obligation (plan funds)	(195)	0
Pension and Retirement Plans | Defined benefit obligation
Disclosure of defined benefit plans [line items]
Defined benefit obligation (plan funds)	15,560	15,113
Pension and Retirement Plans | Plan assets
Disclosure of defined benefit plans [line items]
Defined benefit obligation (plan funds)	(14,061)	(14,324)
Pension and Retirement Plans | Effect due to asset ceiling
Disclosure of defined benefit plans [line items]
Defined benefit obligation (plan funds)	3,098	3,851
Seniority Premiums
Disclosure of defined benefit plans [line items]
Defined benefit obligation (plan funds)	2,058	1,940
Seniority Premiums | Discontinued operations
Disclosure of defined benefit plans [line items]
Defined benefit obligation (plan funds)	(235)	0
Seniority Premiums | Defined benefit obligation
Disclosure of defined benefit plans [line items]
Defined benefit obligation (plan funds)	2,416	2,068
Seniority Premiums | Plan assets
Disclosure of defined benefit plans [line items]
Defined benefit obligation (plan funds)	(123)	(128)
Post-Retirement Medical Services
Disclosure of defined benefit plans [line items]
Defined benefit obligation (plan funds)	460	468
Post-Retirement Medical Services | Discontinued operations
Disclosure of defined benefit plans [line items]
Defined benefit obligation (plan funds)	(49)	0
Post-Retirement Medical Services | Defined benefit obligation
Disclosure of defined benefit plans [line items]
Defined benefit obligation (plan funds)	604	556
Post-Retirement Medical Services | Plan assets
Disclosure of defined benefit plans [line items]
Defined benefit obligation (plan funds)	$ (95)	$ (88)

Employee Benefits - Trust Asset

Employee Benefits - Trust Assets (Details)	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
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	4%	2%
Level 1 | Bank instruments
Fixed return:
Trust assets fixed return percentage	16%	13%
Level 1 | Federal government instruments of the respective countries
Fixed return:
Trust assets fixed return percentage	47%	52%
Level 1 | Publicly traded shares
Variable return:
Trust assets variable return percentage	33%	33%

Employee Benefits - Securities

Employee Benefits - Securities in Related Parties Included in Portfolio Fund (Details) - MXN ($) $ in Millions	Dec. 31, 2023	Dec. 31, 2022
Debt | BBVA Bancomer, S.A de C.V.
Disclosure of defined benefit plans [line items]
Investments in securities	$ 46	$ 9
Debt | Grupo Industrial Bimbo, S.A.B. de C. V.
Disclosure of defined benefit plans [line items]
Investments in securities	18	5
Equity | Grupo Industrial Bimbo, S.A.B. de C. V.
Disclosure of defined benefit plans [line items]
Investments in securities	$ 1	$ 0

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, 2023 USD ($)	[1]	Dec. 31, 2023 MXN ($)	Dec. 31, 2022 MXN ($)	Dec. 31, 2021 MXN ($)
Disclosure of net defined benefit liability (asset) [line items]
Current Service Cost			$ 910	$ 854	$ 684
Remeasurements of the Net Defined Benefit Liability	$ 9		160	661	296
Net benefit cost recognized in the consolidated statements of income
Disclosure of net defined benefit liability (asset) [line items]
Current Service Cost			866	894	724
Past Service Cost			322	236	42
Gain or Loss on Settlement or Curtailment			(278)	(276)	(82)
Net Interest on the Net Defined Benefit Liability			590	508	485
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			489	534	390
Past Service Cost			288	189	39
Gain or Loss on Settlement or Curtailment			(243)	(220)	(55)
Net Interest on the Net Defined Benefit Liability			367	313	319
Net benefit cost recognized in the consolidated statements of income | Seniority Premiums
Disclosure of net defined benefit liability (asset) [line items]
Current Service Cost			345	328	290
Past Service Cost			21	21	1
Gain or Loss on Settlement or Curtailment			(21)	(27)	(3)
Net Interest on the Net Defined Benefit Liability			178	150	114
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	32	44
Past Service Cost			13	26	2
Gain or Loss on Settlement or Curtailment			(14)	(29)	(24)
Net Interest on the Net Defined Benefit Liability			45	45	52
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			1,399	1,689	2,812
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			1,311	1,686	1,757
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			117	38	853
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			$ (29)	$ (35)	$ 202
[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, 2023	Dec. 31, 2022	Dec. 31, 2021
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	$ 7,048
Amount accumulated in other comprehensive income as of the end of the period, net of tax	6,920	$ 7,048
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	1,661	2,078	$ 2,099
Actuarial (gains) arising from exchange rates	(100)	(77)	11
Remeasurements during the year, net of tax	314	211	744
Actuarial losses and (gains) arising from changes in financial assumptions	223	(1,848)	(776)
Actuarial losses and (gains) arising from changes in demographic assumptions	(4)	(71)	0
Business Acquisitions		336
Return on plan assets	(92)	713
Changes in the effect of limiting a net defined benefit asset to the asset ceiling	(546)	319
Effect on settlement	(533)	0	0
Amount accumulated in other comprehensive income as of the end of the period, net of tax	$ 923	$ 1,661	$ 2,078

Employee Benefits - Rollforward

Employee Benefits - Rollforward, Balance of the Defined Benefit Obligation (Details) - MXN ($) $ in Millions	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Disclosure of net defined benefit liability (asset) [line items]
Non-cash movements in post-employment and other non-current employee benefits obligations	$ 910	$ 854	$ 684
Pension and Retirement Plans | Defined benefit obligation
Disclosure of net defined benefit liability (asset) [line items]
Initial balance	15,113	8,015	7,679
Non-cash movements in post-employment and other non-current employee benefits obligations	489	534	390
Past service cost	288	163	2,881
Interest expense	820	687	527
Gain on settlement	(243)	(280)	(2,884)
Remeasurements of the net defined benefit obligation	531	(2,073)	(42)
Foreign exchange (gain) or loss	(48)	(79)	28
Benefits paid	(1,504)	(1,146)	(564)
Business Acquisitions	0	9,189	0
Employees contributions	119	103
Plan amendments	4
Ending balance	15,366	15,113	8,015
Pension and Retirement Plans | Defined benefit obligation | Discontinued operations
Disclosure of net defined benefit liability (asset) [line items]
Discontinued operations	(195)
Post-Retirement Medical Services | Defined benefit obligation
Disclosure of net defined benefit liability (asset) [line items]
Initial balance	556	647	812
Non-cash movements in post-employment and other non-current employee benefits obligations	32	32	44
Past service cost	13	26	236
Interest expense	54	52	57
Gain on settlement	(14)	(29)	(271)
Remeasurements of the net defined benefit obligation	5	(136)	(191)
Benefits paid	(43)	(36)	(40)
Discontinued operations	(49)	0	0
Ending balance	554	556	647
Seniority Premiums | Defined benefit obligation
Disclosure of net defined benefit liability (asset) [line items]
Initial balance	2,068	2,108	1,763
Non-cash movements in post-employment and other non-current employee benefits obligations	345	328	290
Past service cost	21	7	836
Interest expense	191	160	124
Gain on settlement	(21)	(13)	(839)
Remeasurements of the net defined benefit obligation	66	(342)	112
Benefits paid	(254)	(180)	(178)
Ending balance	2,181	2,068	2,108
Seniority Premiums | Defined benefit obligation | Discontinued operations
Disclosure of net defined benefit liability (asset) [line items]
Discontinued operations	$ (235)	$ 0	$ 0

Employee Benefits - Rollforwa_2

Employee Benefits - Rollforward, Balance of Plan Assets (Details) - Plan assets - MXN ($) $ in Millions	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Disclosure of net defined benefit liability (asset) [line items]
Initial balance	$ 14,540	$ 3,170	$ 3,001
Actual return on trust assets	522	(695)	152
Foreign exchange (gain) or loss	(150)	60	0
Life annuities	6	(3)	17
Business Acquisitions		12,417	0
Benefits paid	(731)	(533)	0
Past Service Cost	(126)	(101)	0
Employees contributions	102	103	0
Employer´s contributions	130	133	0
Administration cost	(14)	(11)	0
Ending balance	$ 14,279	$ 14,540	$ 3,170

Employee Benefits - Effect of v

Employee Benefits - Effect of variation in assumptions (Details) - MXN ($) $ in Millions	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
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	$ 910	$ 854	$ 684
Remeasurements of the Net Defined Benefit Liability (Assets)	6,920	7,048
Pension and Retirement Plans
Disclosure of net defined benefit liability (asset) [line items]
Remeasurements of the Net Defined Benefit Liability (Assets)	4,402	4,640
Seniority Premiums
Disclosure of net defined benefit liability (asset) [line items]
Remeasurements of the Net Defined Benefit Liability (Assets)	2,058	1,940
Post-Retirement Medical Services
Disclosure of net defined benefit liability (asset) [line items]
Remeasurements of the Net Defined Benefit Liability (Assets)	460	468
Net benefit cost recognized in the consolidated statements of income
Disclosure of net defined benefit liability (asset) [line items]
Current Service Cost	866	894	724
Gain or Loss on Settlement or Curtailment	278	276	82
Net Interest on the Net Defined Benefit Liability	590	508	485
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	489	534	390
Gain or Loss on Settlement or Curtailment	243	220	55
Net Interest on the Net Defined Benefit Liability	367	313	319
Net benefit cost recognized in the consolidated statements of income | Seniority Premiums
Disclosure of net defined benefit liability (asset) [line items]
Current Service Cost	345	328	290
Gain or Loss on Settlement or Curtailment	21	27	3
Net Interest on the Net Defined Benefit Liability	178	150	114
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	32	44
Gain or Loss on Settlement or Curtailment	14	29	24
Net Interest on the Net Defined Benefit Liability	45	$ 45	$ 52
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	1,027
Gain or Loss on Settlement or Curtailment	(226)
Net Interest on the Net Defined Benefit Liability	451
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	644
Gain or Loss on Settlement or Curtailment	(199)
Net Interest on the Net Defined Benefit Liability	250
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	346
Gain or Loss on Settlement or Curtailment	(17)
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 discount rates | Post-Retirement Medical Services
Disclosure of net defined benefit liability (asset) [line items]
Current Service Cost	37
Gain or Loss on Settlement or Curtailment	(10)
Net Interest on the Net Defined Benefit Liability	37
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	1,216
Gain or Loss on Settlement or Curtailment	(247)
Net Interest on the Net Defined Benefit Liability	602
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	834
Gain or Loss on Settlement or Curtailment	(227)
Net Interest on the Net Defined Benefit Liability	413
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	382
Gain or Loss on Settlement or Curtailment	(20)
Net Interest on the Net Defined Benefit Liability	189
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	52
Gain or Loss on Settlement or Curtailment	(14)
Net Interest on the Net Defined Benefit Liability	52
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	1,269
Gain or Loss on Settlement or Curtailment	(265)
Net Interest on the Net Defined Benefit Liability	714
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	830
Gain or Loss on Settlement or Curtailment	(232)
Net Interest on the Net Defined Benefit Liability	468
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	387
Gain or Loss on Settlement or Curtailment	(19)
Net Interest on the Net Defined Benefit Liability	194
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	52
Gain or Loss on Settlement or Curtailment	(14)
Net Interest on the Net Defined Benefit Liability	52
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	1,057
Gain or Loss on Settlement or Curtailment	(216)
Net Interest on the Net Defined Benefit Liability	479
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	711
Gain or Loss on Settlement or Curtailment	(199)
Net Interest on the Net Defined Benefit Liability	313
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	346
Gain or Loss on Settlement or Curtailment	(17)
Net Interest on the Net Defined Benefit Liability	166
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	36
Gain or Loss on Settlement or Curtailment	(9)
Net Interest on the Net Defined Benefit Liability	37
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)	1,377
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)	1,289
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)	108
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)	(20)
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)	1,495
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)	1,358
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)	137
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)	(39)
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)	1,473
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)	1,384
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)	128
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)	(39)
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)	1,429
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)	1,327
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)	102
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)	$ (20)

Employee Benefits - Employee Be

Employee Benefits - Employee Benefit Expenses (Details) - MXN ($) $ in Millions	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Employee Benefits [Abstract]
Wages and salaries	$ 97,751	$ 83,433	$ 70,238
Social security costs	15,941	13,511	11,737
Employee profit sharing	2,419	2,598	2,035
Post-employment benefits	910	854	684
Share-based payments (Note 15)	943	866	854
Employee benefits expense	$ 117,964	$ 101,262	$ 85,548

Bonus Programs - Quantitative a

Bonus Programs - Quantitative and Qualitative Objectives (Details) - MXN ($) $ in Millions	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Disclosure of terms and conditions of share-based payment arrangement [line items]
Percentage of bonus	50%
Percentage of annual bonus	50%
Vesting period	3 years
Compensation expense	$ 943	$ 866	$ 853
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) - shares	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
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)	5,723,019	3,672,586
Shares acquired by the administrative trust to employees (in shares)	4,844,120	4,256,433
Number of other equity instruments exercised or vested in share-based payment arrangement	(3,283,941)	(2,206,000)
Number of other equity instruments outstanding in share-based payment arrangement at end of period (in shares)	7,283,198	5,723,019
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)	1,860,379	1,701,074
Shares acquired by the administrative trust to employees (in shares)	1,139,180	1,266,283
Number of other equity instruments exercised or vested in share-based payment arrangement	(1,095,319)	(1,106,978)
Number of other equity instruments outstanding in share-based payment arrangement at end of period (in shares)	1,904,240	1,860,379

Bank Loans and Notes Payable -

Bank Loans and Notes Payable - Summary of Detailed Information About Borrowings (Details) $ in Millions, $ in Millions	12 Months Ended
	Dec. 31, 2023 USD ($)		Dec. 31, 2023 MXN ($)	Dec. 31, 2022 MXN ($)	Dec. 31, 2021 MXN ($)	Dec. 31, 2023 MXN ($)
Euros | Bank loans | Fixed interest rate
Disclosure of detailed information about borrowings [line items]
Bank loans and notes payable				$ 0		$ 15
Borrowings, interest rate	2.60%			0%		2.60%
Euros | Senior unsecured notes | Fixed interest rate
Disclosure of detailed information about borrowings [line items]
Long-term debt				$ 24,563		$ 18,988
Borrowings, interest rate	1.60%			0.80%		1.60%
Euros | Long Term, Promissory Note | Fixed interest rate
Disclosure of detailed information about borrowings [line items]
Long-term debt				$ 2,448		$ 1,064
Borrowings, interest rate	1.30%			1.40%		1.30%
Euros | Long Term, Promissory Note | Floating interest rate
Disclosure of detailed information about borrowings [line items]
Long-term debt				$ 2,560		$ 1,700
Borrowings, interest rate	4.80%			1.10%		4.80%
Euros | At fair value | Bank loans | Fixed interest rate
Disclosure of detailed information about borrowings [line items]
Bank loans and notes payable						$ 15
Euros | At fair value | Senior unsecured notes | Fixed interest rate
Disclosure of detailed information about borrowings [line items]
Long-term debt						18,088
Euros | At fair value | Long Term, Promissory Note | Fixed interest rate
Disclosure of detailed information about borrowings [line items]
Long-term debt						1,064
Euros | At fair value | Long Term, Promissory Note | Floating interest rate
Disclosure of detailed information about borrowings [line items]
Long-term debt						1,700
Euros | 2024 | Bank loans | Fixed interest rate
Disclosure of detailed information about borrowings [line items]
Bank loans and notes payable						$ 15
Borrowings, interest rate	2.60%					2.60%
Euros | 2024 | Long Term, Promissory Note | Fixed interest rate
Disclosure of detailed information about borrowings [line items]
Long-term debt						$ 616
Borrowings, interest rate	1.10%					1.10%
Euros | 2024 | Long Term, Promissory Note | Floating interest rate
Disclosure of detailed information about borrowings [line items]
Long-term debt						$ 1,700
Borrowings, interest rate	4.80%					4.80%
Euros | 2025 | Long Term, Promissory Note | Fixed interest rate
Disclosure of detailed information about borrowings [line items]
Long-term debt						$ 0
Borrowings, interest rate	0%					0%
Euros | 2026 | Senior unsecured notes | Fixed interest rate
Disclosure of detailed information about borrowings [line items]
Long-term debt						$ 9,064
Borrowings, interest rate	2.60%					2.60%
Euros | 2027 | Long Term, Promissory Note | Fixed interest rate
Disclosure of detailed information about borrowings [line items]
Long-term debt						$ 168
Borrowings, interest rate	2.10%					2.10%
Euros | 2028 | Senior unsecured notes | Fixed interest rate
Disclosure of detailed information about borrowings [line items]
Long-term debt						$ 5,473
Borrowings, interest rate	0.50%					0.50%
Euros | 2028 | Long Term, Promissory Note | Floating interest rate
Disclosure of detailed information about borrowings [line items]
Long-term debt						$ 0
Borrowings, interest rate	0%					0%
Euros | 2029 and Thereafter | Senior unsecured notes | Fixed interest rate
Disclosure of detailed information about borrowings [line items]
Long-term debt						$ 4,451
Borrowings, interest rate	1%					1%
Euros | 2029 and Thereafter | Long Term, Promissory Note | Fixed interest rate
Disclosure of detailed information about borrowings [line items]
Long-term debt						$ 280
Borrowings, interest rate	2.40%					2.40%
Euros | 2029 and Thereafter | Long Term, Promissory Note | Floating interest rate
Disclosure of detailed information about borrowings [line items]
Long-term debt						$ 0
Borrowings, interest rate	0%					0%
Argentine pesos | Bank loans | Fixed interest rate
Disclosure of detailed information about borrowings [line items]
Bank loans and notes payable				$ 0		$ 72
Borrowings, interest rate	130%			0%		130%
Argentine pesos | At fair value | Bank loans | Fixed interest rate
Disclosure of detailed information about borrowings [line items]
Bank loans and notes payable						$ 72
Argentine pesos | 2024 | Bank loans | Fixed interest rate
Disclosure of detailed information about borrowings [line items]
Bank loans and notes payable						$ 72
Borrowings, interest rate	130%					130%
Chilean pesos | Bank loans | Fixed interest rate
Disclosure of detailed information about borrowings [line items]
Bank loans and notes payable				$ 1,072		$ 633
Borrowings, interest rate	9.60%			12.30%		9.60%
Chilean pesos | Bank loans | Floating interest rate
Disclosure of detailed information about borrowings [line items]
Bank loans and notes payable						$ 754
Borrowings, interest rate	9.20%					9.20%
Chilean pesos | Long term Bank loans | Fixed interest rate
Disclosure of detailed information about borrowings [line items]
Long-term debt				$ 317		$ 27
Borrowings, interest rate	9.30%			1.20%		9.30%
Chilean pesos | Long term Bank loans | Floating interest rate
Disclosure of detailed information about borrowings [line items]
Long-term debt				$ 271
Borrowings, interest rate				4.90%
Chilean pesos | At fair value | Bank loans | Fixed interest rate
Disclosure of detailed information about borrowings [line items]
Bank loans and notes payable						$ 633
Chilean pesos | At fair value | Bank loans | Floating interest rate
Disclosure of detailed information about borrowings [line items]
Bank loans and notes payable						754
Chilean pesos | At fair value | Long term Bank loans | Fixed interest rate
Disclosure of detailed information about borrowings [line items]
Long-term debt						27
Chilean pesos | 2024 | Bank loans | Fixed interest rate
Disclosure of detailed information about borrowings [line items]
Bank loans and notes payable						$ 633
Borrowings, interest rate	9.60%					9.60%
Chilean pesos | 2024 | Long term Bank loans | Fixed interest rate
Disclosure of detailed information about borrowings [line items]
Long-term debt						$ 27
Borrowings, interest rate	9.30%					9.30%
Mexican pesos | Bank loans | Floating interest rate
Disclosure of detailed information about borrowings [line items]
Bank loans and notes payable				$ 790		$ 979
Borrowings, interest rate	13.30%			12.50%		13.30%
Mexican pesos | Long term Bank loans | Fixed interest rate
Disclosure of detailed information about borrowings [line items]
Long-term debt				$ 429		$ 644
Borrowings, interest rate	11.40%			10%		11.40%
Mexican pesos | Long term Bank loans | Floating interest rate
Disclosure of detailed information about borrowings [line items]
Long-term debt				$ 542		$ 1,270
Borrowings, interest rate	13%			12.90%		13%
Mexican pesos | CEMR MXN L22-2L | Fixed interest rate
Disclosure of detailed information about borrowings [line items]
Long-term debt				$ 8,436		$ 8,434
Borrowings, interest rate	9.70%			9.70%		9.70%
Mexican pesos | Domestic senior notes | Fixed interest rate
Disclosure of detailed information about borrowings [line items]
Long-term debt				$ 31,438		$ 23,946
Borrowings, interest rate	8.10%			7.50%		8.10%
Mexican pesos | Domestic senior notes | Floating interest rate
Disclosure of detailed information about borrowings [line items]
Long-term debt				$ 4,650		$ 4,653
Borrowings, interest rate	11.60%			10.40%		11.60%
Mexican pesos | CEBUR MXN L22 | Floating interest rate
Disclosure of detailed information about borrowings [line items]
Long-term debt				$ 827		$ 826
Borrowings, interest rate	11.60%			10.90%		11.60%
Mexican pesos | At fair value | Bank loans | Floating interest rate
Disclosure of detailed information about borrowings [line items]
Bank loans and notes payable						$ 978
Mexican pesos | At fair value | Long term Bank loans | Fixed interest rate
Disclosure of detailed information about borrowings [line items]
Long-term debt						644
Mexican pesos | At fair value | Long term Bank loans | Floating interest rate
Disclosure of detailed information about borrowings [line items]
Long-term debt						1,270
Mexican pesos | At fair value | CEMR MXN L22-2L | Fixed interest rate
Disclosure of detailed information about borrowings [line items]
Long-term debt						8,678
Mexican pesos | At fair value | Domestic senior notes | Fixed interest rate
Disclosure of detailed information about borrowings [line items]
Long-term debt						22,439
Mexican pesos | At fair value | Domestic senior notes | Floating interest rate
Disclosure of detailed information about borrowings [line items]
Long-term debt						4,650
Mexican pesos | At fair value | CEBUR MXN L22 | Floating interest rate
Disclosure of detailed information about borrowings [line items]
Long-term debt						832
Mexican pesos | 2024 | Bank loans | Floating interest rate
Disclosure of detailed information about borrowings [line items]
Bank loans and notes payable						$ 979
Borrowings, interest rate	13.30%					13.30%
Mexican pesos | 2024 | Long term Bank loans | Fixed interest rate
Disclosure of detailed information about borrowings [line items]
Long-term debt						$ 184
Borrowings, interest rate	11%					11%
Mexican pesos | 2024 | Long term Bank loans | Floating interest rate
Disclosure of detailed information about borrowings [line items]
Long-term debt						$ 410
Borrowings, interest rate	12.80%					12.80%
Mexican pesos | 2025 | Long term Bank loans | Fixed interest rate
Disclosure of detailed information about borrowings [line items]
Long-term debt						$ 24
Borrowings, interest rate	8.70%					8.70%
Mexican pesos | 2025 | Long term Bank loans | Floating interest rate
Disclosure of detailed information about borrowings [line items]
Long-term debt						$ 10
Borrowings, interest rate	13.70%					13.70%
Mexican pesos | 2025 | Domestic senior notes | Floating interest rate
Disclosure of detailed information about borrowings [line items]
Long-term debt						$ 1,728
Borrowings, interest rate	11.60%					11.60%
Mexican pesos | 2026 | Long term Bank loans | Fixed interest rate
Disclosure of detailed information about borrowings [line items]
Long-term debt						$ 91
Borrowings, interest rate	9.50%					9.50%
Mexican pesos | 2026 | Domestic senior notes | Floating interest rate
Disclosure of detailed information about borrowings [line items]
Long-term debt						$ 2,925
Borrowings, interest rate	11.60%					11.60%
Mexican pesos | 2027 | Long term Bank loans | Fixed interest rate
Disclosure of detailed information about borrowings [line items]
Long-term debt						$ 194
Borrowings, interest rate	12%					12%
Mexican pesos | 2027 | Long term Bank loans | Floating interest rate
Disclosure of detailed information about borrowings [line items]
Long-term debt						$ 434
Borrowings, interest rate	13.60%					13.60%
Mexican pesos | 2027 | Domestic senior notes | Fixed interest rate
Disclosure of detailed information about borrowings [line items]
Long-term debt						$ 8,495
Borrowings, interest rate	7.90%					7.90%
Mexican pesos | 2027 | CEBUR MXN L22 | Floating interest rate
Disclosure of detailed information about borrowings [line items]
Long-term debt						$ 826
Borrowings, interest rate	11.60%					11.60%
Mexican pesos | 2028 | Long term Bank loans | Fixed interest rate
Disclosure of detailed information about borrowings [line items]
Long-term debt						$ 151
Borrowings, interest rate	12.80%					12.80%
Mexican pesos | 2028 | Long term Bank loans | Floating interest rate
Disclosure of detailed information about borrowings [line items]
Long-term debt						$ 416
Borrowings, interest rate	12.70%					12.70%
Mexican pesos | 2028 | Domestic senior notes | Fixed interest rate
Disclosure of detailed information about borrowings [line items]
Long-term debt						$ 9,960
Borrowings, interest rate	7.40%					7.40%
Mexican pesos | 2029 and Thereafter | CEMR MXN L22-2L | Fixed interest rate
Disclosure of detailed information about borrowings [line items]
Long-term debt						$ 8,434
Borrowings, interest rate	9.70%					9.70%
Mexican pesos | 2029 and Thereafter | Domestic senior notes | Fixed interest rate
Disclosure of detailed information about borrowings [line items]
Long-term debt						$ 5,491
Borrowings, interest rate	10%					10%
Swiss franc | Long Term, Promissory Note | Fixed interest rate
Disclosure of detailed information about borrowings [line items]
Long-term debt				$ 482		$ 463
Borrowings, interest rate	0.80%			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		$ 603
Borrowings, interest rate	2.10%			0.80%		2.10%
Swiss franc | At fair value | Long Term, Promissory Note | Fixed interest rate
Disclosure of detailed information about borrowings [line items]
Long-term debt						$ 463
Swiss franc | At fair value | Long Term, Promissory Note | Floating interest rate
Disclosure of detailed information about borrowings [line items]
Long-term debt						603
Swiss franc | 2024 | Long Term, Promissory Note | Fixed interest rate
Disclosure of detailed information about borrowings [line items]
Long-term debt						$ 463
Borrowings, interest rate	0.80%					0.80%
Swiss franc | 2024 | Long Term, Promissory Note | Floating interest rate
Disclosure of detailed information about borrowings [line items]
Long-term debt						$ 603
Borrowings, interest rate	2.10%					2.10%
U.S. dollars | Long term borrowings Yankee bond | Fixed interest rate
Disclosure of detailed information about borrowings [line items]
Long-term debt				$ 41,429		$ 36,352
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		$ 0
Borrowings, interest rate	0%			2.90%		0%
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		$ 7,121
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		$ 26,162
Borrowings, interest rate	3.50%			3.50%		3.50%
U.S. dollars | Long term Bank loans | Fixed interest rate
Disclosure of detailed information about borrowings [line items]
Long-term debt				$ 2,320		$ 2,083
Borrowings, interest rate	3.80%			5.10%		3.80%
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						$ 33,719
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						0
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						6,379
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						19,917
U.S. dollars | At fair value | Long term Bank loans | Fixed interest rate
Disclosure of detailed information about borrowings [line items]
Long-term debt						2,083
U.S. dollars | 2024 | Long term Bank loans | Fixed interest rate
Disclosure of detailed information about borrowings [line items]
Long-term debt						$ 1,968
Borrowings, interest rate	3.60%					3.60%
U.S. dollars | 2025 | Long term Bank loans | Fixed interest rate
Disclosure of detailed information about borrowings [line items]
Long-term debt						$ 115
Borrowings, interest rate	6.70%					6.70%
U.S. dollars | 2029 and Thereafter | Long term borrowings Yankee bond | Fixed interest rate
Disclosure of detailed information about borrowings [line items]
Long-term debt						$ 36,352
Borrowings, interest rate	3.10%					3.10%
U.S. dollars | 2029 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						$ 7,121
Borrowings, interest rate	4.40%					4.40%
U.S. dollars | 2029 and Thereafter | Bank of NY (FEMSA USD 2050) | Fixed interest rate
Disclosure of detailed information about borrowings [line items]
Long-term debt						$ 26,162
Borrowings, interest rate	3.50%					3.50%
Brazilian reais | Long term Bank loans | Fixed interest rate
Disclosure of detailed information about borrowings [line items]
Long-term debt				$ 56		$ 21
Borrowings, interest rate	6.90%			7%		6.90%
Brazilian reais | Long term Bank loans | Floating interest rate
Disclosure of detailed information about borrowings [line items]
Long-term debt				$ 28		$ 14
Borrowings, interest rate	8.90%			9.80%		8.90%
Brazilian reais | At fair value | Long term Bank loans | Fixed interest rate
Disclosure of detailed information about borrowings [line items]
Long-term debt						$ 21
Brazilian reais | At fair value | Long term Bank loans | Floating interest rate
Disclosure of detailed information about borrowings [line items]
Long-term debt						14
Brazilian reais | 2024 | Long term Bank loans | Fixed interest rate
Disclosure of detailed information about borrowings [line items]
Long-term debt						$ 21
Borrowings, interest rate	6.90%					6.90%
Brazilian reais | 2024 | Long term Bank loans | Floating interest rate
Disclosure of detailed information about borrowings [line items]
Long-term debt						$ 6
Borrowings, interest rate	8.80%					8.80%
Brazilian reais | 2025 | Long term Bank loans | Floating interest rate
Disclosure of detailed information about borrowings [line items]
Long-term debt						$ 6
Borrowings, interest rate	8.90%					8.90%
Brazilian reais | 2026 | Long term Bank loans | Floating interest rate
Disclosure of detailed information about borrowings [line items]
Long-term debt						$ 2
Borrowings, interest rate	8.90%					8.90%
Uruguayan pesos | Long term Bank loans | Fixed interest rate
Disclosure of detailed information about borrowings [line items]
Long-term debt				$ 976		$ 0
Borrowings, interest rate	0%			6.30%		0%
Uruguayan pesos | At fair value | Long term Bank loans | Fixed interest rate
Disclosure of detailed information about borrowings [line items]
Long-term debt						$ 0
Colombian pesos | Long term Bank loans | Floating interest rate
Disclosure of detailed information about borrowings [line items]
Long-term debt				$ 33
Borrowings, interest rate				5.90%
Bank loans and notes payable	$ 145	[1]		$ 1,862		2,453
Long-term debt				189,879		134,371
Current portion of long term debt	(355)	[1]		(16,479)		(5,998)
Bank loans and notes payable	7,596	[1]		173,400		128,373
Market value gain loss on financial instruments	26	[2]	$ 440	706	$ (38)
Fixed interest rate
Disclosure of detailed information about borrowings [line items]
Long-term debt				180,277		125,305
Floating interest rate
Disclosure of detailed information about borrowings [line items]
Bank loans and notes payable				1,862		2,453
Long-term debt				9,602		9,066
Current portion of long term debt				(16,479)		(5,998)
Bank loans and notes payable				$ 191,741		136,824
Domestic senior notes | Interest rate swaps
Disclosure of detailed information about borrowings [line items]
Bank loans and notes payable	$ 705
Market value gain loss on financial instruments			$ 371
At fair value
Disclosure of detailed information about borrowings [line items]
Long-term debt						122,591
At fair value | Fixed interest rate
Disclosure of detailed information about borrowings [line items]
Long-term debt						113,522
At fair value | Floating interest rate
Disclosure of detailed information about borrowings [line items]
Bank loans and notes payable						2,452
Long-term debt						9,069
2024
Disclosure of detailed information about borrowings [line items]
Long-term debt						5,998
2024 | Fixed interest rate
Disclosure of detailed information about borrowings [line items]
Long-term debt						3,279
2024 | Floating interest rate
Disclosure of detailed information about borrowings [line items]
Bank loans and notes payable						2,453
Long-term debt						2,719
2025
Disclosure of detailed information about borrowings [line items]
Long-term debt						1,883
2025 | Fixed interest rate
Disclosure of detailed information about borrowings [line items]
Long-term debt						139
2025 | Floating interest rate
Disclosure of detailed information about borrowings [line items]
Long-term debt						1,744
2026
Disclosure of detailed information about borrowings [line items]
Long-term debt						12,082
2026 | Fixed interest rate
Disclosure of detailed information about borrowings [line items]
Long-term debt						9,155
2026 | Floating interest rate
Disclosure of detailed information about borrowings [line items]
Long-term debt						2,927
2027
Disclosure of detailed information about borrowings [line items]
Long-term debt						10,117
2027 | Fixed interest rate
Disclosure of detailed information about borrowings [line items]
Long-term debt						8,857
2027 | Floating interest rate
Disclosure of detailed information about borrowings [line items]
Long-term debt						1,260
2028
Disclosure of detailed information about borrowings [line items]
Long-term debt						16,000
2028 | Fixed interest rate
Disclosure of detailed information about borrowings [line items]
Long-term debt						15,584
2028 | Floating interest rate
Disclosure of detailed information about borrowings [line items]
Long-term debt						416
2029 and Thereafter
Disclosure of detailed information about borrowings [line items]
Long-term debt						88,291
2029 and Thereafter | Fixed interest rate
Disclosure of detailed information about borrowings [line items]
Long-term debt						88,291
2029 and Thereafter | Floating interest rate
Disclosure of detailed information about borrowings [line items]
Long-term debt						$ 0
[1] Convenience translation to U.S. dollars ($) – See Note 2.2.3 Convenience translation to U.S. dollars ($) – See Note 2.2.3

Bank Loans and Notes Payable _2

Bank Loans and Notes Payable - Hedging derivatives (Details) - MXN ($)	3 Months Ended	12 Months Ended
	Jun. 30, 2023	Dec. 31, 2023	Dec. 31, 2022
Disclosure of financial instruments by type of interest rate [line items]
Face amount		$ 52,369,000,000	$ 79,088,000,000
Interest pay rate	5.46%
Fixed to variable interest rate | Interest rate swaps
Disclosure of financial instruments by type of interest rate [line items]
Interest receive rate		4.40%
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%
Interest receive rate		4.40%
9.4% variable to 4.4% fixed interest rate | Interest rate swaps
Disclosure of financial instruments by type of interest rate [line items]
Interest pay rate		9.40%
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%
Interest receive rate		7%
U.S. dollars to Mexican pesos | Fixed to variable interest rate | Currency swap contract
Disclosure of financial instruments by type of interest rate [line items]
Face amount		$ 6,031,000,000	$ 15,082,000,000
Interest pay rate		56.10%	7.40%
Interest receive rate		3.60%	3.90%
U.S. dollars to Mexican pesos | 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	$ 11,743,000,000
Interest pay rate		8.90%	8.80%
Interest receive rate		3.50%	3.50%
U.S. dollars to Mexican pesos | 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%
U.S. dollars to Euro | Fixed to fixed interest rate | Currency swap contract
Disclosure of financial instruments by type of interest rate [line items]
Face amount		$ 10,940,000,000	$ 22,130,000,000
Interest pay rate		1.90%	2.40%
Interest receive rate		0.70%	3.50%
U.S. dollars to Brazilian reais | Fixed to variable interest rate | Currency swap contract
Disclosure of financial instruments by type of interest rate [line items]
Face amount		$ 5,912,000,000	$ 6,777,000,000
Interest pay rate		11.60%	11.50%
Interest receive rate		2.30%	2.10%
U.S. dollars to Brazilian reais | Fixed to fixed interest rate | Currency swap contract
Disclosure of financial instruments by type of interest rate [line items]
Face amount		$ 8,109,000,000	$ 9,294,000,000
Interest pay rate		8%	11.50%
Interest receive rate		2.80%	3.20%
Colombian pesos | Fixed to fixed interest rate | Currency swap contract
Disclosure of financial instruments by type of interest rate [line items]
Face amount		$ 987,000,000	$ 1,476,000,000
Interest pay rate		6.30%	6.80%
Interest receive rate		2.80%	2.60%
Mexican pesos | Fixed to variable interest rate | Interest rate swaps
Disclosure of financial instruments by type of interest rate [line items]
Face amount			$ 9,681,000,000
Interest pay rate			5%
Interest receive rate			0%
Mexican pesos | Variable to fixed interest rate | Interest rate swaps
Disclosure of financial instruments by type of interest rate [line items]
Face amount		$ 1,943,000,000	$ 2,905,000,000
Interest pay rate		3.60%	4.10%
Interest receive rate		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%
Interest receive rate			7%
2024
Disclosure of financial instruments by type of interest rate [line items]
Face amount		$ 10,052,000,000
2024 | Currency swap contract
Disclosure of financial instruments by type of interest rate [line items]
Face amount		954,000,000	$ 27,804,000,000
2024 | Interest rate swaps
Disclosure of financial instruments by type of interest rate [line items]
Face amount		2,000,000	11,675,000,000
2024 | U.S. dollars to Mexican pesos | Fixed to variable interest rate | Currency swap contract
Disclosure of financial instruments by type of interest rate [line items]
Face amount		$ 0
Interest pay rate		0%
Interest receive rate		0%
2024 | U.S. dollars to Mexican pesos | Fixed to fixed interest rate | Currency swap contract
Disclosure of financial instruments by type of interest rate [line items]
Face amount		$ 0
Interest pay rate		0%
Interest receive rate		0%
2024 | U.S. dollars to Brazilian reais | Fixed to fixed interest rate | Currency swap contract
Disclosure of financial instruments by type of interest rate [line items]
Face amount		$ 8,109,000,000
Interest pay rate		8%
Interest receive rate		2.80%
2024 | Mexican pesos | Variable to fixed interest rate | Interest rate swaps
Disclosure of financial instruments by type of interest rate [line items]
Face amount		$ 1,943,000,000
Interest pay rate		3.60%
Interest receive rate		1.90%
2025 | Currency swap contract
Disclosure of financial instruments by type of interest rate [line items]
Face amount		$ 49,834,000,000	497,000,000
2025 | Interest rate swaps
Disclosure of financial instruments by type of interest rate [line items]
Face amount			2,227,000,000
2027
Disclosure of financial instruments by type of interest rate [line items]
Face amount		4,223,000,000
2027 | Currency swap contract
Disclosure of financial instruments by type of interest rate [line items]
Face amount		8,949,000,000	5,971,000,000
2027 | U.S. dollars to Brazilian reais | Fixed to variable interest rate | Currency swap contract
Disclosure of financial instruments by type of interest rate [line items]
Face amount		$ 4,223,000,000
Interest pay rate		12.40%
Interest receive rate		2.10%
2028
Disclosure of financial instruments by type of interest rate [line items]
Face amount		$ 8,685,000,000
2028 | Currency swap contract
Disclosure of financial instruments by type of interest rate [line items]
Face amount		6,009,000,000	17,809,000,000
2028 | U.S. dollars to Euro | Fixed to fixed interest rate | Currency swap contract
Disclosure of financial instruments by type of interest rate [line items]
Face amount		$ 6,009,000,000
Interest pay rate		1.70%
Interest receive rate		0.50%
2028 | U.S. dollars to Brazilian reais | Fixed to variable interest rate | Currency swap contract
Disclosure of financial instruments by type of interest rate [line items]
Face amount		$ 1,689,000,000
Interest pay rate		2.80%
Interest receive rate		2.80%
2028 | Colombian pesos | Fixed to fixed interest rate | Currency swap contract
Disclosure of financial instruments by type of interest rate [line items]
Face amount		$ 987,000,000
Interest pay rate		6.30%
Interest receive rate		2.80%
2029 and Thereafter
Disclosure of financial instruments by type of interest rate [line items]
Face amount		$ 29,409,000,000
2029 and Thereafter | Interest rate swaps
Disclosure of financial instruments by type of interest rate [line items]
Face amount			$ 9,681,000,000
2029 and Thereafter | U.S. dollars to Mexican pesos | Fixed to variable interest rate | Currency swap contract
Disclosure of financial instruments by type of interest rate [line items]
Face amount		$ 6,031,000,000
Interest pay rate		56.10%
Interest receive rate		3.60%
2029 and Thereafter | U.S. dollars to Mexican pesos | 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%
Interest receive rate		3.50%
2029 and Thereafter | U.S. dollars to Mexican pesos | 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%
Interest receive rate		4.40%
2029 and Thereafter | U.S. dollars to Euro | Fixed to fixed interest rate | Currency swap contract
Disclosure of financial instruments by type of interest rate [line items]
Face amount		$ 4,931,000,000
Interest pay rate		2.10%
Interest receive rate		1%
2029 and Thereafter | Mexican pesos | Fixed to variable interest rate | Interest rate swaps
Disclosure of financial instruments by type of interest rate [line items]
Face amount		$ 8,447,000,000
Interest pay rate		5.70%
Interest receive rate		1.90%

Bank Loans and Notes Payable _3

Bank Loans and Notes Payable - Interest Expense (Details) $ in Millions, $ in Millions	12 Months Ended
	Dec. 31, 2023 USD ($)	[1]	Dec. 31, 2023 MXN ($)	Dec. 31, 2022 MXN ($)	Dec. 31, 2021 MXN ($)
Bank Loans and Notes Payable [Abstract]
Interest on debts and borrowings			$ 8,555	$ 8,129	$ 9,356
Interest expense charges for employee benefits (Note 17.4)			590	553	476
Derivative instruments			(1,891)	1,795	1,970
Finance operating charges			821	(413)	(290)
Interest expense for leases liabilities (Note 12)			6,841	5,789	5,118
Total	$ 883		$ 14,916	$ 15,853	$ 16,630
[1] Convenience translation to U.S. dollars ($) – See Note 2.2.3

Bank Loans and Notes Payable _4

Bank Loans and Notes Payable - Interest Income (Details) $ in Millions, $ in Millions	12 Months Ended
	Dec. 31, 2023 USD ($)	[1]	Dec. 31, 2023 MXN ($)	Dec. 31, 2022 MXN ($)	Dec. 31, 2021 MXN ($)
Bank Loans and Notes Payable [Abstract]
Tender Offer gain			$ 6,961	$ 0	$ 0
Interest on investments			9,566	3,782	1,465
Finance operating products			514	0	0
Others			568	(13)	23
Interest income	$ 1,042		$ 17,609	$ 3,769	$ 1,488
[1] Convenience translation to U.S. dollars ($) – See Note 2.2.3

Bank Loans and Notes Payable _5

Bank Loans and Notes Payable - Narrative (Details) € / shares in Units, € in Millions, $ in Millions, $ in Millions							1 Months Ended						3 Months Ended		12 Months Ended
	Mar. 31, 2023 USD ($)	Mar. 31, 2023 MXN ($)	Feb. 12, 2020 USD ($)	Jan. 16, 2020 USD ($)	Mar. 14, 2016 MXN ($)	May 07, 2013 USD ($)	Dec. 31, 2023 MXN ($)	May 31, 2023 USD ($)	Mar. 31, 2023 MXN ($)	Nov. 30, 2022 MXN ($)	May 31, 2021 EUR (€)	Jun. 30, 2020 USD ($)	Jun. 30, 2023 MXN ($)	Sep. 30, 2022 MXN ($)	Dec. 31, 2023 USD ($)		Dec. 31, 2023 MXN ($)	Dec. 31, 2022 MXN ($)	Dec. 31, 2021 MXN ($)	Dec. 31, 2023 MXN ($)	Dec. 31, 2023 EUR (€)	Nov. 30, 2023 USD ($)	Mar. 31, 2023 EUR (€)	Feb. 28, 2023 EUR (€) € / shares shares	Dec. 31, 2022 USD ($)	Dec. 31, 2022 MXN ($)	Sep. 30, 2021 MXN ($)	Apr. 30, 2021 EUR (€)	Mar. 14, 2016 EUR (€)	May 07, 2013 EUR (€)
Disclosure of detailed information about borrowings [line items]
Face amount																				$ 52,369						$ 79,088
Repayments of non-current borrowings															$ 2,569	[1]	$ 43,421	$ 9,882	$ 38,742
Foreign currency revaluation of the net foreign operations															$ (305)	[2]	(5,153)	3,677	350
Borrowings																				134,371						189,879
Savings amount													$ 7,500													408
Interest pay rate													5.46%
Tender Offer gain																	6,961	$ 0	$ 0
Argentine pesos
Disclosure of detailed information about borrowings [line items]
Credit contracts																	73
2.875% Senior Notes due 2023
Disclosure of detailed information about borrowings [line items]
Face amount	$ 147					$ 1,000																$ 127
Repayments of non-current borrowings								$ 300
Tender Offer gain									$ 346
Senior Notes 2.875%
Disclosure of detailed information about borrowings [line items]
Face amount | €																														€ 300
Borrowings term						10 years
Borrowings, interest rate						2.875%																								2.875%
Senior Notes 4.375%
Disclosure of detailed information about borrowings [line items]
Face amount						$ 700
Repayment of borrowings	130
Fixed Rate 4.375%
Disclosure of detailed information about borrowings [line items]
Borrowings term						30 years
Borrowings, interest rate						4.375%																								4.375%
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%
Repayment of borrowings | €											€ 1,042
Basis points over the relevant benchmark					1.55%
Total yield percentage																													1.824%
Foreign currency revaluation of the net foreign operations					$ 232
3.500% Senior Unsecured Notes
Disclosure of detailed information about borrowings [line items]
Face amount	943		$ 300	$ 1,500								$ 700
Borrowings, interest rate			3.50%	3.50%								3.50%
Repayment of borrowings	$ 715
Basis points over the relevant benchmark			1.375%	1.30%
Total yield percentage			3.577%
Borrowings			$ 1,800
Percentage of implicit weighted performance												3.358%
Gain (loss) on hedge ineffectiveness recognised in profit or loss							$ 5,763										3,910
Tender Offer gain									$ 4,199								1,188
Debt Certificates Maturing on 2033
Disclosure of detailed information about borrowings [line items]
Face amount | €																							€ 259
Borrowings, interest rate																												1%
Borrowings | €																												€ 500
Debt Certificates Maturing on 2028
Disclosure of detailed information about borrowings [line items]
Face amount | €																							€ 404
Borrowings, interest rate																												0.50%
Borrowings | €																												€ 700
Tender Offer gain																	$ 2,416
Senior Notes Maturing 2028
Disclosure of detailed information about borrowings [line items]
Repayment of borrowings		$ 347
Borrowings | €																					€ 700
Senior Notes Maturing on 2033
Disclosure of detailed information about borrowings [line items]
Repayment of borrowings		$ 197
Borrowings | €																					€ 500
Debt Certificates Maturing on 2032
Disclosure of detailed information about borrowings [line items]
Face amount										$ 8,446
Borrowings, interest rate										9.65%
TIEE28 Plus Zero Point One Zero Percentage Debt Bonds Maturing on 2027
Disclosure of detailed information about borrowings [line items]
Face amount										$ 827
Basis points over the relevant benchmark										0.25%
Borrowings, adjustment to interest rate basis										0.10%
Senior Unsecured Exchangeable Bonds
Disclosure of detailed information about borrowings [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
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%
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%
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%
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%
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															9.95%					9.95%	9.95%
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%
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%
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%
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%
First Bonds Linked Debt
Disclosure of detailed information about borrowings [line items]
Face amount																											$ 9,400
Borrowings, adjustment to interest rate basis																											0.25%
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
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
Social and Sustainable Bond
Disclosure of detailed information about borrowings [line items]
Face amount																										$ 6,000
[1] Convenience translation to U.S. dollars ($) – See Note 2.2.3 Convenience translation to U.S. dollars ($) – See Note 2.2.3

Bank Loans and Notes Payable _6

Bank Loans and Notes Payable - Rollforward, Liabilities Arising from Financing Activities (Details) - MXN ($) $ in Millions	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Disclosure of reconciliation of liabilities arising from financing activities [line items]
Beginning balance	$ 285,058	$ 252,940	$ 246,973
Cash Flows	(48,354)	5,973	1,146
Acquisitions / Disposal	51	28,114	1,540
New leases	20,698	10,686	7,871
Foreign exchange income (loss)	(18,107)	(9,390)	(123)
Other	(6,449)	11,513	7,863
Ending balance	232,897	285,058	252,940
Aggregate continuing and discontinued operations
Disclosure of reconciliation of liabilities arising from financing activities [line items]
Cash Flows		(8,805)	(11,184)
Discontinued operations
Disclosure of reconciliation of liabilities arising from financing activities [line items]
Cash Flows		330	(5)
Total Liabilities From Financing Activities
Disclosure of reconciliation of liabilities arising from financing activities [line items]
Beginning balance	191,741	190,585	188,665
Cash Flows	(32,183)
Acquisitions / Disposal	3	6,181
New leases	0	0
Foreign exchange income (loss)	(16,216)	(9,034)	675
Other	(6,521)	(2,294)	104
Ending balance	136,824	191,741	190,585
Total Liabilities From Financing Activities | Aggregate continuing and discontinued operations
Disclosure of reconciliation of liabilities arising from financing activities [line items]
Cash Flows		6,303	1,141
Bank loans
Disclosure of reconciliation of liabilities arising from financing activities [line items]
Beginning balance	12,893	7,580	19,430
Cash Flows	(1,526)
Acquisitions / Disposal	3	6,181
New leases	0	0
Foreign exchange income (loss)	(852)	(78)	(939)
Other	0	(375)	104
Ending balance	10,518	12,893	7,580
Bank loans | Aggregate continuing and discontinued operations
Disclosure of reconciliation of liabilities arising from financing activities [line items]
Cash Flows		(415)	(11,015)
Notes payable
Disclosure of reconciliation of liabilities arising from financing activities [line items]
Beginning balance	178,848	183,005	169,235
Cash Flows	(30,657)
Acquisitions / Disposal	0	0
New leases	0	0
Foreign exchange income (loss)	(15,364)	(8,957)	1,614
Other	(6,521)	(1,919)	0
Ending balance	126,306	178,848	183,005
Notes payable | Aggregate continuing and discontinued operations
Disclosure of reconciliation of liabilities arising from financing activities [line items]
Cash Flows		6,718	12,156
Lease liabilities
Disclosure of reconciliation of liabilities arising from financing activities [line items]
Beginning balance	93,317	62,355	58,308
Cash Flows	(16,171)
Acquisitions / Disposal	48	21,933	1,540
New leases	20,698	10,686	7,871
Foreign exchange income (loss)	(1,891)	(356)	(798)
Other	72	13,807	7,759
Ending balance	$ 96,073	93,317	62,355
Lease liabilities | Aggregate continuing and discontinued operations
Disclosure of reconciliation of liabilities arising from financing activities [line items]
Cash Flows		$ (15,108)	$ (12,325)

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, 2023 USD ($)		Dec. 31, 2023 MXN ($)	Dec. 31, 2022 MXN ($)	Dec. 31, 2021 MXN ($)
Disclosure of Other Operating Income Expense [Line Items]
Gain on sale of other assets			$ 473	$ 0	$ 968
Gain on sale of long-lived assets			400	301	176
Sale of waste material			0	2	13
Insurance rebates			279	64	32
Foreign exchange gain			815	124	0
Other investment in shares	$ 196	[1]	3,311	0	0
Recoveries of prior years			483	354	809
Investments In Equity Instruments			6,785	113	3,245
Other investments			415	0	0
Others			141	93	323
Other income	775	[2]	13,102	1,051	5,566
Recoveries of prior years			958	9	41
Impairment of long-lived assets	$ 74	[1]	1,248	833	1,427
Disposal of long-lived assets			466	389	534
Contingencies, net			1,110	456	244
Severance payments			998	224	357
Donations			711	512	425
Legal fees and other expenses from past acquisitions			0	210	112
Foreign exchange loss			0	0	84
Items without tax requirements			139	96	167
Interest and penalties of previous years taxes			385	0	0
Other			237	167	334
Other expenses			6,252	2,896	3,725
Ecuador
Disclosure of Other Operating Income Expense [Line Items]
Impairment of long-lived assets			596	$ 770
Mexico
Disclosure of Other Operating Income Expense [Line Items]
Impairment of long-lived assets			480
Alimentos de Soja S.A.U.
Disclosure of Other Operating Income Expense [Line Items]
Impairment of long-lived assets			$ 143
TROP Frutas do Brasil S.A. ("TROP") [Member]
Disclosure of Other Operating Income Expense [Line Items]
Impairment of long-lived assets					$ 256
[1] Convenience translation to U.S. dollars ($) – See Note 2.2.3 Convenience translation to U.S. dollars ($) – 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, 2023	Dec. 31, 2022
Level 1
Disclosure of Financial Assets and Financial Liabilities [Line Items]
Financial instruments (current asset)	$ 228	$ 351
Financial instruments (non-current asset)	14,279	14,540
Financial instruments (current liability)	202	64
Financial instruments (non-current liability)	0	0
Level 2
Disclosure of Financial Assets and Financial Liabilities [Line Items]
Financial instruments (current asset)	203	9,710
Financial instruments (non-current asset)	11,394	21,201
Financial instruments (current liability)	536	404
Financial instruments (non-current liability)	$ 8,653	$ 5,651

Financial Instruments - Debt (D

Financial Instruments - Debt (Details) € in Millions, $ in Millions	Dec. 31, 2023 MXN ($)	Feb. 28, 2023 EUR (€)	Dec. 31, 2022 MXN ($)	Dec. 31, 2021 MXN ($)	Dec. 31, 2020 MXN ($)
Disclosure of Financial Assets and Financial Liabilities [Line Items]
Carrying value	$ 232,897		$ 285,058	$ 252,940	$ 246,973
Face amount	52,369		79,088
Senior Unsecured Exchangeable Bonds
Disclosure of Financial Assets and Financial Liabilities [Line Items]
Fair value	128
Face amount | €		€ 500
Bank loans and notes payables
Disclosure of Financial Assets and Financial Liabilities [Line Items]
Carrying value	136,824		191,741
Fair value	$ 125,043		$ 163,312

Financial Instruments - Interes

Financial Instruments - Interest Rate Swaps (Details) - MXN ($) $ in Millions	Dec. 31, 2023	Dec. 31, 2022
Disclosure of Financial Assets and Financial Liabilities [Line Items]
Face amount	$ 52,369	$ 79,088
2024
Disclosure of Financial Assets and Financial Liabilities [Line Items]
Face amount	10,052
2025
Disclosure of Financial Assets and Financial Liabilities [Line Items]
Fair value Liability	72	0
2027
Disclosure of Financial Assets and Financial Liabilities [Line Items]
Face amount	4,223
2028
Disclosure of Financial Assets and Financial Liabilities [Line Items]
Face amount	8,685
2029 and Thereafter
Disclosure of Financial Assets and Financial Liabilities [Line Items]
Face amount	29,409
Interest rate swaps | 2024
Disclosure of Financial Assets and Financial Liabilities [Line Items]
Face amount	2	11,675
Fair value Liability	0	0
Fair Value Asset	65	236
Interest rate swaps | 2025
Disclosure of Financial Assets and Financial Liabilities [Line Items]
Face amount		2,227
Fair value Liability		0
Fair Value Asset		129
Interest rate swaps | 2026
Disclosure of Financial Assets and Financial Liabilities [Line Items]
Face amount	8,447
Fair value Liability	(1,381)
Fair Value Asset	$ 0
Interest rate swaps | 2029 and Thereafter
Disclosure of Financial Assets and Financial Liabilities [Line Items]
Face amount		9,681
Fair value Liability		1,728
Fair Value Asset		$ 0

Financial Instruments - Forward

Financial Instruments - Forward Agreements to Purchase Foreign Currency (Details) - MXN ($) $ in Millions	Dec. 31, 2023	Dec. 31, 2022
Disclosure of Financial Assets and Financial Liabilities [Line Items]
Face amount	$ 52,369	$ 79,088
2024
Disclosure of Financial Assets and Financial Liabilities [Line Items]
Face amount	10,052
2025
Disclosure of Financial Assets and Financial Liabilities [Line Items]
Fair value Liability	72	0
2027
Disclosure of Financial Assets and Financial Liabilities [Line Items]
Face amount	4,223
Forward contract | 2024
Disclosure of Financial Assets and Financial Liabilities [Line Items]
Face amount	11,449	10,828
Fair value Liability	(573)	(399)
Fair Value Asset	$ 36	61
Forward contract | 2025
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, 2023	Dec. 31, 2022
Disclosure of detailed information about financial instruments [line items]
Face amount	$ 52,369	$ 79,088
2024
Disclosure of detailed information about financial instruments [line items]
Face amount	10,052
2025
Disclosure of detailed information about financial instruments [line items]
Fair value Liability	72	0
2027
Disclosure of detailed information about financial instruments [line items]
Face amount	4,223
2028
Disclosure of detailed information about financial instruments [line items]
Face amount	8,685
Currency swap contract | 2024
Disclosure of detailed information about financial instruments [line items]
Face amount	954	27,804
Fair value Liability	35	7
Fair Value Asset	103	9,435
Currency swap contract | 2025
Disclosure of detailed information about financial instruments [line items]
Face amount	49,834	497
Fair value Liability	2	3
Fair Value Asset	119	247
Currency swap contract | 2026
Disclosure of detailed information about financial instruments [line items]
Face amount	6,045	1,010
Fair value Liability	1,017	0
Fair Value Asset	98	385
Currency swap contract | 2027
Disclosure of detailed information about financial instruments [line items]
Face amount	8,949	5,971
Fair value Liability	(1,391)	(924)
Fair Value Asset	9	364
Currency swap contract | 2028
Disclosure of detailed information about financial instruments [line items]
Face amount	6,009	17,809
Fair value Liability	0	(689)
Fair Value Asset	89	95
Currency swap contract | 2029
Disclosure of detailed information about financial instruments [line items]
Face amount	20	14,620
Fair value Liability	0	0
Fair Value Asset	337	1,664
Currency swap contract | 2030
Disclosure of detailed information about financial instruments [line items]
Face amount	13,633	3,679
Fair value Liability	(803)	(104)
Fair Value Asset	0	110
Currency swap contract | Year Seven and Eight
Disclosure of detailed information about financial instruments [line items]
Face amount	845
Fair value Liability	(51)
Fair Value Asset	0
Currency swap contract | Year Nine
Disclosure of detailed information about financial instruments [line items]
Face amount	4,931
Fair value Liability	0
Fair Value Asset	117
Currency swap contract | Year Ten and Eleven
Disclosure of detailed information about financial instruments [line items]
Face amount	10,000	10,000
Fair value Liability	(3,809)	(2,203)
Fair Value Asset	0	0
Currency swap contract | Between Twelve and Twenty Years
Disclosure of detailed information about financial instruments [line items]
Face amount	5,398	8,869
Fair value Liability	0	0
Fair Value Asset	1,877	$ 505
Currency swap contract | Between Twenty One and Twenty Six Years
Disclosure of detailed information about financial instruments [line items]
Face amount	3,471
Fair value Liability	0
Fair Value Asset	$ 1,235

Financial Instruments - Commodi

Financial Instruments - Commodity Price Contracts (Details) - MXN ($) $ in Millions	Dec. 31, 2023	Dec. 31, 2022
Disclosure of detailed information about hedges [line items]
Face amount	$ 52,369	$ 79,088
2024
Disclosure of detailed information about hedges [line items]
Face amount	10,052
2025
Disclosure of detailed information about hedges [line items]
Fair value Liability	72	0
Coca-Cola FEMSA | Commodity price contracts | Sugar Price Contracts | 2024
Disclosure of detailed information about hedges [line items]
Face amount	2,593	1,688
Fair value Liability	(130)	(46)
Fair Value Asset	206	328
Coca-Cola FEMSA | Commodity price contracts | Sugar Price Contracts | 2025
Disclosure of detailed information about hedges [line items]
Face amount	745	468
Fair Value Asset	0	21
Coca-Cola FEMSA | Commodity price contracts | Aluminum price contracts | 2024
Disclosure of detailed information about hedges [line items]
Face amount	647	662
Fair Value Asset	0	(18)
Coca-Cola FEMSA | Commodity price contracts | Aluminum price contracts | 2025
Disclosure of detailed information about hedges [line items]
Fair Value Asset	$ 21	$ 1

Financial Instruments - Disposa

Financial Instruments - Disposal (Details) - Estrella Azul - MXN ($) $ in Millions		1 Months Ended
	Sep. 30, 2020	Sep. 30, 2020	Dec. 31, 2023	Dec. 31, 2022
Disclosure of detailed information about financial instruments [line items]
Portion of investment sold	100%	100%
Financial assets			$ 0	$ 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, 2023	Dec. 31, 2022	Dec. 31, 2021
Currency swap contract | Interest expense
Disclosure of detailed information about hedges [line items]
Net effects of expired contracts	$ (392)	$ 1	$ 0
Currency swap contract | Foreign exchange
Disclosure of detailed information about hedges [line items]
Net effects of expired contracts	(747)	(5)	0
Interest rate swaps | Interest expense
Disclosure of detailed information about hedges [line items]
Net effects of expired contracts	0	0	0
Forward contract | Foreign exchange
Disclosure of detailed information about hedges [line items]
Net effects of expired contracts	180	565	41
Forward contract | Cost of sales
Disclosure of detailed information about hedges [line items]
Net effects of expired contracts	(1,834)	(681)	(788)
Commodity price contracts | Cost of sales
Disclosure of detailed information about hedges [line items]
Net effects of expired contracts	430	599	1,245
Options to purchase foreign currency | Cost of sales
Disclosure of detailed information about hedges [line items]
Net effects of expired contracts	$ 0	$ 0	$ 0

Financial Instruments - Net E_2

Financial Instruments - Net Effect of Expired Contracts That Did Not Meet Hedging Criteria (Details) - MXN ($) $ in Millions	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
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]
Gain loss on expired derivative contracts	$ 141	$ (2,270)	$ 80

Financial Instruments - Sensiti

Financial Instruments - Sensitivity Analysis of Market Risks (Details) - MXN ($) $ in Millions	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
FEMSA Entity Excluding Coca-Cola FEMSA | Currency swap contract | U.S. dollars to Mexican pesos
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	(1,796)	(2,647)	(3,404)
Effect on equity from increase in exchange rate	0	0	0
Effect on profit or loss from increase in exchange rate	1,796	2,647	3,404
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	(425)	(354)	(235)
Effect on equity from increase in exchange rate	0	0	0
Effect on profit or loss from increase in exchange rate	425	354	235
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	(678)	(996)	(552)
Effect on equity from increase in exchange rate	0	0	0
Effect on profit or loss from increase in exchange rate	678	966	552
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		(18)	(123)
Effect on equity from increase in exchange rate		0	0
Effect on profit or loss from increase in exchange rate		18	123
FEMSA Entity Excluding Coca-Cola FEMSA | Currency swap contract | U.S. dollars to Euro
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	(742)
Effect on equity from increase in exchange rate	0
Effect on profit or loss from increase in exchange rate	742
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	(34)
Effect on equity from increase in exchange rate	0
Effect on profit or loss from increase in exchange rate	34
FEMSA Entity Excluding Coca-Cola FEMSA | Net Cash In Foreign Currency | U.S. dollars to Euro
Disclosure of nature and extent of risks arising from financial instruments [line items]
Effect on profit or loss from decrease in exchange rate	(14,617)	(1,779)	(4,931)
Effect on profit or loss from increase in exchange rate	14,617	1,779	4,931
Coca-Cola FEMSA | Currency swap contract | U.S. dollars to Mexican pesos
Disclosure of nature and extent of risks arising from financial instruments [line items]
Effect on equity from decrease in exchange rate	(1,314)	(1,220)	(1,645)
Effect on profit or loss from decrease in exchange rate	0	0	0
Effect on equity from increase in exchange rate	1,314	1,220	1,645
Effect on profit or loss from increase in exchange rate	0	0	0
Coca-Cola FEMSA | Currency swap contract | U.S. dollars to Brazilian reais
Disclosure of nature and extent of risks arising from financial instruments [line items]
Effect on equity from decrease in exchange rate	(1,683)	(2,893)	(2,300)
Effect on profit or loss from decrease in exchange rate	0	0	0
Effect on equity from increase in exchange rate	1,683	2,893	2,300
Effect on profit or loss from increase in exchange rate	0	0	0
Coca-Cola FEMSA | Currency swap contract | U.S. dollars to Euro
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		(1,315)	(1,049)
Effect on equity from increase in exchange rate		0	0
Effect on profit or loss from increase in exchange rate		1,315	1,049
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
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	(1,797)	(2,282)	(3,200)
Effect on profit or loss from increase in exchange rate	1,797	2,282	3,200
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	(765)	(333)	(714)
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	(2,812)	(4,520)	(39)
Currency risk | FEMSA Entity Excluding Coca-Cola FEMSA | Forward contract | U.S. dollars to Mexican pesos
Disclosure of nature and extent of risks arising from financial instruments [line items]
Effect on equity from decrease in exchange rate	(9)	(6)	(4)
Effect on equity from increase in exchange rate	9	6	4
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	(78)
Effect on equity from increase in exchange rate	78
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	6	(44)
Effect on equity from increase in exchange rate	(6)	44
Currency risk | FEMSA Entity Excluding Coca-Cola FEMSA | Forward contract | U.S. dollars to Brazilian reais
Disclosure of nature and extent of risks arising from financial instruments [line items]
Effect on equity from decrease in exchange rate		(1)	(37)
Effect on equity from increase in exchange rate		1	37
Currency risk | Coca-Cola FEMSA | Forward contract | U.S. dollars to Mexican pesos
Disclosure of nature and extent of risks arising from financial instruments [line items]
Effect on equity from decrease in exchange rate	(465)	(512)	(298)
Effect on equity from increase in exchange rate	465	512	298
Currency risk | Coca-Cola FEMSA | Forward contract | U.S. dollars to Brazilian reais
Disclosure of nature and extent of risks arising from financial instruments [line items]
Effect on equity from decrease in exchange rate	(521)	(550)	(284)
Effect on equity from increase in exchange rate	521	550	284
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	(225)	(25)	(7)
Effect on equity from increase in exchange rate	225	25	7
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	(685)	(112)	(81)
Effect on equity from increase in exchange rate	685	112	81
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	(20)	(10)	(3)
Effect on equity from increase in exchange rate	20	10	3
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	(15)	(24)	(10)
Effect on equity from increase in exchange rate	$ 15	$ 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, 2023	Dec. 31, 2022	Dec. 31, 2021
Interest rate swaps | FEMSA Entity Excluding Coca-Cola FEMSA
Disclosure of Interest Rate Risk Exposure [line items]
Effect on Equity	$ (9)	$ (90)	$ (212)
Unhedged Portion Bank Loans
Disclosure of Interest Rate Risk Exposure [line items]
Effect on profit loss	$ (250)	$ (249)	$ (627)

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, 2023	Dec. 31, 2022
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	55%	46.50%
Notes and bonds	$ 126,481
Loans from Banks	10,343
Derivative financial liabilities	(4,952)
2025
Disclosure Of Maturity Analysis For Non-derivative And Derivative Financial Liabilities [line items]
Notes and bonds	0
Loans from Banks	8,452
Derivative financial liabilities	(307)
2026
Disclosure Of Maturity Analysis For Non-derivative And Derivative Financial Liabilities [line items]
Notes and bonds	1,728
Loans from Banks	155
Derivative financial liabilities	45
2027
Disclosure Of Maturity Analysis For Non-derivative And Derivative Financial Liabilities [line items]
Notes and bonds	11,989
Loans from Banks	93
Derivative financial liabilities	(919)
2028
Disclosure Of Maturity Analysis For Non-derivative And Derivative Financial Liabilities [line items]
Notes and bonds	9,321
Loans from Banks	796
Derivative financial liabilities	(1,382)
Five to ten years
Disclosure Of Maturity Analysis For Non-derivative And Derivative Financial Liabilities [line items]
Notes and bonds	15,433
Loans from Banks	567
Derivative financial liabilities	89
2029 and Thereafter
Disclosure Of Maturity Analysis For Non-derivative And Derivative Financial Liabilities [line items]
Notes and bonds	88,010
Loans from Banks	280
Derivative financial liabilities	$ (2,478)

Financial Instruments - Credit

Financial Instruments - Credit risk - cash flow hedges (Details) - Cash flow hedges $ in Millions	12 Months Ended
	Dec. 31, 2023 MXN ($) $ / lb $ / $ R$ / $ $ / $ $ / $ $ / T ₡ / $ $ / $ € / $ $ / $ $ / $	Dec. 31, 2022 MXN ($) € / $ $ / $ $ / $ ₡ / $ $ / T $ / $ R$ / $ $ / lb $ / $ $ / $ $ / $
Currency risk | Forward contract | U.S. dollars to Mexican pesos | 1‑6 months
Disclosure of detailed information about hedging instruments [line items]
Net exposure	$ 3,049	$ 3,405
Average exchange rate | $ / $	18.39	20.71
Currency risk | Forward contract | U.S. dollars to Mexican pesos | 6‑12 months
Disclosure of detailed information about hedging instruments [line items]
Net exposure	$ 1,781	$ 2,485
Average exchange rate | $ / $	18.40	20.88
Currency risk | Forward contract | U.S. dollars to Mexican pesos | More than 12
Disclosure of detailed information about hedging instruments [line items]
Net exposure	$ 0	$ 2
Average exchange rate | $ / $	0	24.33
Currency risk | Forward contract | U.S. dollars to Brazilian reais | 1‑6 months
Disclosure of detailed information about hedging instruments [line items]
Net exposure	$ 2,486	$ 1,857
Average exchange rate | R$ / $	5,100,000	5.34
Currency risk | Forward contract | U.S. dollars to Brazilian reais | 6‑12 months
Disclosure of detailed information about hedging instruments [line items]
Net exposure	$ 1,370	$ 746
Average exchange rate | R$ / $	5,070,000	5.55
Currency risk | Forward contract | U.S. dollars to Brazilian reais | 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	$ 757	$ 407
Average exchange rate | $ / $	4,436	4,502
Currency risk | Forward contract | COP/USD | 6‑12 months
Disclosure of detailed information about hedging instruments [line items]
Net exposure	$ 334	$ 207
Average exchange rate | $ / $	4,316	4,977
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	$ 150	$ 437
Average exchange rate | $ / $	668.06	231.40
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	$ 344	$ 299
Average exchange rate | $ / $	40.18	42.51
Currency risk | Forward contract | URY/USD | 6‑12 months
Disclosure of detailed information about hedging instruments [line items]
Net exposure	$ 163	$ 139
Average exchange rate | $ / $	40.66	42.74
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	$ 154	$ 332
Average exchange rate | ₡ / $	558.89	686.50
Currency risk | Forward contract | CRC/USD | 6‑12 months
Disclosure of detailed information about hedging instruments [line items]
Net exposure	$ 117	$ 182
Average exchange rate | ₡ / $	556	664.50
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	$ 0	$ 293
Average exchange rate | $ / $	0	10.57
Currency risk | Forward contract | ARS/MXN | 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/MXN | More than 12
Disclosure of detailed information about hedging instruments [line items]
Net exposure	$ 0	$ 0
Average exchange rate | $ / $	0	0
Currency risk | Currency swap contract | U.S. dollars to Mexican pesos | 1‑6 months
Disclosure of detailed information about hedging instruments [line items]
Net exposure	$ 0	$ 12,670
Average exchange rate | $ / $	0	12.67
Currency risk | Currency swap contract | U.S. dollars to Mexican pesos | 6‑12 months
Disclosure of detailed information about hedging instruments [line items]
Net exposure	$ 0	$ 1,743
Average exchange rate | $ / $	0	19
Currency risk | Currency swap contract | U.S. dollars to Mexican pesos | More than 12
Disclosure of detailed information about hedging instruments [line items]
Net exposure	$ 43,095	$ 29,324
Average exchange rate | $ / $	17.77	18.11
Currency risk | Currency swap contract | U.S. dollars to Brazilian reais | 1‑6 months
Disclosure of detailed information about hedging instruments [line items]
Net exposure	$ 174	$ 0
Average exchange rate | R$ / $	4.81	0
Currency risk | Currency swap contract | U.S. dollars to Brazilian reais | 6‑12 months
Disclosure of detailed information about hedging instruments [line items]
Net exposure	$ 0	$ 9,294
Average exchange rate | R$ / $	0	4
Currency risk | Currency swap contract | U.S. dollars to Brazilian reais | More than 12
Disclosure of detailed information about hedging instruments [line items]
Net exposure	$ 14,022	$ 6,874
Average exchange rate | R$ / $	5.05	5.28
Currency risk | Currency swap contract | COP/USD | 1‑6 months
Disclosure of detailed information about hedging instruments [line items]
Net exposure	$ 0	$ 345
Average exchange rate | $ / $	0	3,926
Currency risk | Currency swap contract | COP/USD | 6‑12 months
Disclosure of detailed information about hedging instruments [line items]
Net exposure	$ 1,109	$ 250
Average exchange rate | $ / $	3,601.94	2,333.06
Currency risk | Currency swap contract | COP/USD | More than 12
Disclosure of detailed information about hedging instruments [line items]
Net exposure	$ 1,822	$ 2,313
Average exchange rate | $ / $	3,743.16	3,510.06
Currency risk | Currency swap contract | CLP/USD | 1‑6 months
Disclosure of detailed information about hedging instruments [line items]
Net exposure	$ 0	$ 3,306
Average exchange rate | $ / $	0	774.49
Currency risk | Currency swap contract | CLP/USD | 6‑12 months
Disclosure of detailed information about hedging instruments [line items]
Net exposure	$ 286,246	$ 0
Average exchange rate | $ / $	870.50	0
Currency risk | Currency swap contract | CLP/USD | More than 12
Disclosure of detailed information about hedging instruments [line items]
Net exposure	$ 2,082	$ 1,225
Average exchange rate | $ / $	764.40	677
Currency risk | Currency swap contract | U.S. dollars to Euro | 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 | U.S. dollars to Euro | 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 | U.S. dollars to Euro | More than 12
Disclosure of detailed information about hedging instruments [line items]
Net exposure	$ 10,939	$ 22,130
Average exchange rate | € / $	1.09	0.91
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	$ 8,447	$ 9,681
Average interest rate	0.16%	0.16%
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	$ 0	$ 11,403
Average interest rate	0%	7.17%
Interest rate risk | Interest rate swaps | Chilean pesos | 1‑6 months
Disclosure of detailed information about hedging instruments [line items]
Net exposure	$ 0	$ 271
Average interest rate	0%	5.79%
Interest rate risk | Interest rate swaps | Chilean pesos | 6‑12 months
Disclosure of detailed information about hedging instruments [line items]
Net exposure	$ 2	$ 0
Average interest rate	3.57%	0%
Interest rate risk | Interest rate swaps | Chilean pesos | More than 12
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 | 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	$ 0	$ 3
Average interest rate	0%	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	$ 1,703	$ 1,058
Average price | $ / lb	22.43	17.62
Commodity price risk | Commodity price contracts | Sugar Price Contracts | 6‑12 months
Disclosure of detailed information about hedging instruments [line items]
Net exposure	$ 890	$ 631
Average price | $ / lb	22.18	17.08
Commodity price risk | Commodity price contracts | Sugar Price Contracts | More than 12
Disclosure of detailed information about hedging instruments [line items]
Net exposure	$ 745	$ 468
Average price | $ / lb	22.62	17.14
Commodity price risk | Commodity price contracts | Aluminum price contracts | 1‑6 months
Disclosure of detailed information about hedging instruments [line items]
Net exposure	$ 298	$ 294
Average price | $ / T	2,304	2,483
Commodity price risk | Commodity price contracts | Aluminum price contracts | 6‑12 months
Disclosure of detailed information about hedging instruments [line items]
Net exposure	$ 349	$ 368
Average price | $ / T	2,364	2,480
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

Financial Instruments - Hedging

Financial Instruments - Hedging reserve Rollforward (Details) - MXN ($) $ in Millions	1 Months Ended	12 Months Ended
	Oct. 31, 2023	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Disclosure of detailed information about hedged items [line items]
Taxes due to changes in reserves during the period		$ (355)	$ (1,158)	$ 992
IFS TopCo LLC
Disclosure of detailed information about hedged items [line items]
Economic ownership percentage	37.10%	37.10%	0%
Reserve of cash flow hedges
Disclosure of detailed information about hedged items [line items]
Balances at beginning of the period		$ 1,881
Balances at the end of the period		956	$ 1,881
Reserve of cash flow hedges | Foreign exchange currency risk | Purchase of stock
Disclosure of detailed information about hedged items [line items]
Fair value changes		(1,950)
Amounts included in non-financial costs		1,806
Reserve of cash flow hedges | Foreign exchange currency risk | Other stock
Disclosure of detailed information about hedged items [line items]
Fair value changes		(360)
Amounts reclassified to profit an loss		2,671
Reserve of cash flow hedges | Interest rate risk
Disclosure of detailed information about hedged items [line items]
Fair value changes		64
Amounts reclassified to profit an loss		201
Taxes due to changes in reserves during the period		(3,140)
Reserve of cash flow hedges | Commodity price risk | Purchase of stock
Disclosure of detailed information about hedged items [line items]
Fair value changes		145
Amounts included in non-financial costs		$ (363)

Financial Instruments - Impact

Financial Instruments - Impact of hedging on equity (Details) $ in Millions, $ in Millions	12 Months Ended
	Dec. 31, 2023 USD ($)		Dec. 31, 2023 MXN ($)	Dec. 31, 2022 MXN ($)	Dec. 31, 2021 MXN ($)
Disclosure of detailed information about hedged items [line items]
Beginning Balance			$ 337,801	$ 335,117	$ 307,187
Foreign currency revaluation of the net foreign operations	$ (305)	[1]	(5,153)	3,677	350
Ending Balance	$ 22,392	[2]	378,369	337,801	335,117
Equity attributable to equity holders of the parent
Disclosure of detailed information about hedged items [line items]
Beginning Balance			262,604	262,601	237,743
Ending Balance			303,860	262,604	262,601
Non-controlling interest
Disclosure of detailed information about hedged items [line items]
Beginning Balance			75,197	72,516	69,444
Ending Balance			74,509	75,197	72,516
Impact Of Hedging Instruments
Disclosure of detailed information about hedged items [line items]
Beginning Balance			1,881	4,121
Financial instruments - purchases			(967)	(2,595)
Change in fair value of financial instruments recognized in OCI			(3,995)	(4,610)
Amount reclassified from OCI to profit or loss			4,322	2,609
Foreign currency revaluation of the net foreign operations			2,854	1,183
Effects of changes in foreign exchange rates			1	10
Tax effect			(3,140)	1,163
Ending Balance			956	1,881	4,121
Impact Of Hedging Instruments | Equity attributable to equity holders of the parent
Disclosure of detailed information about hedged items [line items]
Beginning Balance			1,958	3,385
Financial instruments - purchases			(359)	(2,326)
Change in fair value of financial instruments recognized in OCI			(1,917)	(3,110)
Amount reclassified from OCI to profit or loss			3,576	2,688
Foreign currency revaluation of the net foreign operations			1,277	513
Effects of changes in foreign exchange rates			1	4
Tax effect			(3,276)	804
Ending Balance			1,260	1,958	3,385
Impact Of Hedging Instruments | Forward contract
Disclosure of detailed information about hedged items [line items]
Beginning Balance			(223)	(124)
Financial instruments - purchases			(350)	(223)
Change in fair value of financial instruments recognized in OCI			(595)	(211)
Amount reclassified from OCI to profit or loss			848	303
Effects of changes in foreign exchange rates			2	2
Tax effect			45	30
Ending Balance			(273)	(223)	(124)
Impact Of Hedging Instruments | Currency swap contract
Disclosure of detailed information about hedged items [line items]
Beginning Balance			2,049	3,403
Financial instruments - purchases			50	(2,080)
Change in fair value of financial instruments recognized in OCI			(1,514)	(3,231)
Amount reclassified from OCI to profit or loss			2,698	2,674
Foreign currency revaluation of the net foreign operations			1,277	513
Effects of changes in foreign exchange rates			0	1
Tax effect			(3,335)	769
Ending Balance			1,224	2,049	3,403
Impact Of Hedging Instruments | Interest rate swaps
Disclosure of detailed information about hedged items [line items]
Beginning Balance			111	(34)
Change in fair value of financial instruments recognized in OCI			64	199
Amount reclassified from OCI to profit or loss			201
Tax effect			(19)	(54)
Ending Balance			357	111	(34)
Impact Of Hedging Instruments | Commodity price contracts
Disclosure of detailed information about hedged items [line items]
Beginning Balance			22	141
Financial instruments - purchases			(59)	(23)
Change in fair value of financial instruments recognized in OCI			128	133
Amount reclassified from OCI to profit or loss			(171)	(289)
Effects of changes in foreign exchange rates			(1)	1
Tax effect			33	59
Ending Balance			(48)	22	141
Impact Of Hedging Instruments | Non-controlling interest
Disclosure of detailed information about hedged items [line items]
Beginning Balance			(77)	736
Financial instruments - purchases			(608)	(269)
Change in fair value of financial instruments recognized in OCI			(2,078)	(1,500)
Amount reclassified from OCI to profit or loss			746	(79)
Foreign currency revaluation of the net foreign operations			1,577	670
Effects of changes in foreign exchange rates			0	6
Tax effect			136	359
Ending Balance			$ (304)	$ (77)	$ 736
[1] Convenience translation to U.S. dollars ($) – See Note 2.2.3 Convenience translation to U.S. dollars ($) – See Note 2.2.3

Non-Controlling Interest in C_3

Non-Controlling Interest in Consolidated Subsidiaries (Details) $ in Millions, $ in Millions	Dec. 31, 2023 USD ($)	[1]	Dec. 31, 2023 MXN ($)	Dec. 31, 2022 MXN ($)
Disclosure Of Non Controlling Interest In Consolidated Subsidiaries [line items]
Non controlling interest	$ 4,409		$ 74,509	$ 75,197
Coca-Cola FEMSA
Disclosure Of Non Controlling Interest In Consolidated Subsidiaries [line items]
Non controlling interest			73,151	72,128
Other
Disclosure Of Non Controlling Interest In Consolidated Subsidiaries [line items]
Non controlling interest			312	288
Proximity Americas Division
Disclosure Of Non Controlling Interest In Consolidated Subsidiaries [line items]
Non controlling interest			1,046	1,004
Envoy Solutions
Disclosure Of Non Controlling Interest In Consolidated Subsidiaries [line items]
Non controlling interest			$ 0	$ 1,777
[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, 2023 USD ($)		Dec. 31, 2023 MXN ($)	Dec. 31, 2022 MXN ($)	Dec. 31, 2021 MXN ($)
Disclosure Of Non Controlling Interest In Consolidated Subsidiaries [line items]
Beginning Balance			$ 337,801	$ 335,117	$ 307,187
Consolidated net income from continued operations	$ 4,536	[1]	76,677	34,743	37,678
Other comprehensive loss	(921)	[2]	(15,557)	(14,932)	3,560
Remeasurements of the Net Defined Benefit Liability	9	[2]	160	661	296
Dividends declared and paid			(18,798)	(17,534)	(13,416)
Share based payment			(92)	89	40
Contribution from non-controlling interest				352
Ending Balance	$ 22,392	[3]	378,369	337,801	335,117
Non-controlling interest
Disclosure Of Non Controlling Interest In Consolidated Subsidiaries [line items]
Beginning Balance			75,197	72,516	69,444
Consolidated net income from continued operations			10,988	10,834	9,183
Other comprehensive loss			(3,465)	(2,198)	(368)
Exchange differences on translation of foreign operation			(3,325)	(1,558)	(1,342)
Remeasurements of the Net Defined Benefit Liability			87	173	(36)
Valuation of the effective portion of derivative financial instruments			(227)	(813)	1,010
Dividends declared and paid			(6,551)	(6,176)	(5,729)
Share based payment			22	(57)	(14)
Other acquisitions and remeasurements			0	5	0
Repurchase of non-controlling interests			0	(79)	0
Contribution from non-controlling interest			0	352	0
Disposals of businesses (Envoy and others)			(1,682)	0	0
Ending Balance			$ 74,509	$ 75,197	$ 72,516
[1] Convenience translation to U.S. dollars ($) – See Note 2.2.3 Convenience translation to U.S. dollars ($) – See Note 2.2.3 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, 2023 USD ($)	[1]	Dec. 31, 2023 MXN ($)	Dec. 31, 2022 MXN ($)
Disclosure Of Non Controlling Interest In Consolidated Subsidiaries [line items]
Accumulated other comprehensive loss	$ (1,283)		$ (21,740)	$ (9,649)
Non-controlling interest
Disclosure Of Non Controlling Interest In Consolidated Subsidiaries [line items]
Exchange differences on translation foreign operation			(12,882)	(9,557)
Remeasurements of the net defined benefits liability			(335)	(422)
Valuation of the effective portion of derivative financial instruments			(307)	(80)
Accumulated other comprehensive loss			$ (13,524)	$ (10,059)
[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, 2023 USD ($)		Dec. 31, 2023 MXN ($)	Dec. 31, 2022 MXN ($)	Dec. 31, 2021 MXN ($)	Dec. 31, 2023 MXN ($)
Disclosure Of Non Controlling Interest In Consolidated Subsidiaries [line items]
Total current assets	$ 21,076	[1]		$ 226,449		$ 356,159
Total non-current assets	26,611	[1]		572,366		449,697
Total current liabilities	10,792	[1]		176,922		182,381
Total non-current liabilities	14,503	[1]		284,092		245,106
Total revenue	41,580	[2]	$ 702,692	597,008	$ 505,460
Net income from continuing operations	2,628	[2]	44,439	33,320	29,414
Net cash flows generated from operating activities	2,941	[3]	49,679	72,576	73,090
Net cash flows used in investing activities	7,828	[3]	132,292	(46,432)	(46,175)
Net cash flows used in financing activities	$ (5,475)	[3]	(92,552)	(35,898)	$ (36,989)
Coca-Cola FEMSA
Disclosure Of Non Controlling Interest In Consolidated Subsidiaries [line items]
Total current assets				79,212		67,738
Total non-current assets				198,783		205,782
Total current liabilities				57,960		54,916
Total non-current liabilities				88,159		$ 84,899
Total revenue			245,088	226,740
Net income from continuing operations			20,226	19,626
Consolidated comprehensive income for the year, net of tax			14,104	15,767
Net cash flows generated from operating activities			42,289	35,491
Net cash flows used in investing activities			(20,070)	(19,597)
Net cash flows used in financing activities			$ (26,352)	$ (20,847)
[1] Convenience translation to U.S. dollars ($) – See Note 2.2.3 Convenience translation to U.S. dollars ($) – See Note 2.2.3 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) - Open Market	12 Months Ended
	Dec. 31, 2023
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 - Narrative (Details)

Equity - Narrative (Details) $ in Millions	12 Months Ended
	Dec. 31, 2023 MXN ($) item series shares	Dec. 31, 2022 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 (in shares) | 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 (in shares) | 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 (in shares) | series	5
Sub series D B shares
Disclosure of classes of share capital [line items]
Number of series (in shares) | series	2

Equity - Summary of Capital Sto

Equity - Summary of Capital Stock (Details) - MXN ($) $ in Millions													12 Months Ended
	Nov. 07, 2023	Nov. 03, 2023	May 05, 2023	May 03, 2023	Nov. 07, 2022	Nov. 03, 2022	May 05, 2022	May 03, 2022	Nov. 05, 2021	May 06, 2021	May 04, 2021	Nov. 03, 2020	Dec. 31, 2023	Apr. 08, 2023	Mar. 28, 2023	Dec. 31, 2022	Apr. 08, 2022	Mar. 28, 2022	Dec. 31, 2021	Nov. 03, 2021	Mar. 24, 2021	Mar. 19, 2021
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													$ 351,271
Shares reacquired (in shares)													381,300
“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													$ 12,247	$ 12,247		$ 11,358	$ 11,358		$ 7,687		$ 7,687
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		$ 6,431				$ 6,021
Coca-Cola FEMSA | Ordinary shares
Disclosure of classes of share capital [line items]
Dividend approved to be paid													$ 12,185		$ 12,185	$ 11,407		$ 11,407	$ 10,588			$ 10,588
Percentage of dividend paid		50%		50%		50%		50%	50%		50%	50%
Coca-Cola FEMSA | Ordinary shares | Non-controlling interest
Disclosure of classes of share capital [line items]
Dividend approved to be paid																				$ 5,588

Equity - Dividends Declared and

Equity - Dividends Declared and Paid (Details) - $ / shares	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
“B”
Disclosure of classes of share capital [line items]
Dividend declared and paid per share	$ 0.61070	$ 0.56600	$ 0.38333
“D”
Disclosure of classes of share capital [line items]
Dividend declared and paid per share	$ 0.76340	$ 0.70850	$ 0.47917
Coca-Cola FEMSA
Disclosure of classes of share capital [line items]
Dividend payable, premium, as percentage of non-premium dividend	100%

Earnings per Share (Details)

Earnings per Share (Details) $ / shares in Units, shares in Thousands, $ in Millions, $ in Millions	12 Months Ended
	Dec. 31, 2023 USD ($) shares		Dec. 31, 2023 MXN ($) $ / shares shares	Dec. 31, 2022 MXN ($) $ / shares shares	Dec. 31, 2021 MXN ($) $ / shares shares
Earnings per share [line items]
Net controlling interest income allocated from continuing operations	$ 3,886	[1]	$ 65,689	$ 23,909	$ 28,495
Per Series B Shares
Earnings per share [line items]
Weighted average number of shares for basic earnings per share (in shares) | shares	9,239,730		9,239,730	9,241,720	9,242,880
Effect of dilution associated with non-vested shares for share based payment plans (in shares) | shares	6,690		6,690	4,700	3,540
Weighted average number of shares adjusted for the effect of dilution (Shares outstanding) | shares	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) | shares	9,246,420		9,246,420	9,246,420	9,246,420
Basic earnings per share from continuous operations (in dollars per share) | $ / shares			$ 1.67	$ 1.12	$ 1.01
Diluted earnings per share from continuous operations (in dollars per share) | $ / shares			1.67	1.12	1.01
Basic earnings per share from discontinued operations (in dollars per share) | $ / shares			1.61	0.07	0.41
Diluted earnings per share from discontinued operations (in dollars per share) | $ / shares			$ 1.61	$ 0.07	$ 0.41
Allocation of earnings, weighted	46.11%		46.11%	46.11%	46.11%
Net controlling interest income allocated from continuing operations | $			$ 15,425	$ 10,369	$ 9,329
Net controlling interest income allocated from discontinued operations | $			$ 14,865	$ 656	$ 3,811
Per Series D Shares
Earnings per share [line items]
Weighted average number of shares for basic earnings per share (in shares) | shares	8,617,940		8,617,940	8,625,920	8,630,540
Effect of dilution associated with non-vested shares for share based payment plans (in shares) | shares	26,780		26,780	18,790	14,170
Weighted average number of shares adjusted for the effect of dilution (Shares outstanding) | shares	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) | shares	10,805,890		10,805,890	10,805,890	10,805,890
Basic earnings per share from continuous operations (in dollars per share) | $ / shares			$ 2.09	$ 1.40	$ 1.26
Diluted earnings per share from continuous operations (in dollars per share) | $ / shares			2.09	1.40	1.26
Basic earnings per share from discontinued operations (in dollars per share) | $ / shares			2.02	0.09	0.52
Diluted earnings per share from discontinued operations (in dollars per share) | $ / shares			$ 2.01	$ 0.09	$ 0.52
Allocation of earnings, weighted	53.89%		53.89%	53.89%	53.89%
Net controlling interest income allocated from continuing operations | $			$ 18,026	$ 12,117	$ 10,902
Net controlling interest income allocated from discontinued operations | $			$ 17,373	$ 767	$ 4,453
[1] Convenience translation to U.S. dollars ($) – See Note 2.2.3

Taxes - Narrative (Details)

Taxes - Narrative (Details) - MXN ($) $ in Millions	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Brazil
Disclosure of income taxes [Line Items]
Income tax recoveries	$ 745	$ 1,060

Taxes - Income Tax Rate (Detail

Taxes - Income Tax Rate (Details)	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Disclosure of income taxes [Line Items]
Income tax rate	30%	30%	30%
Mexico
Disclosure of income taxes [Line Items]
Income tax rate	30%	30%	30%
Guatemala
Disclosure of income taxes [Line Items]
Income tax rate	25%	25%	25%
Costa Rica
Disclosure of income taxes [Line Items]
Income tax rate	30%	30%	30%
Panama
Disclosure of income taxes [Line Items]
Income tax rate	25%	25%	25%
Nicaragua
Disclosure of income taxes [Line Items]
Income tax rate	30%	30%	30%
Colombia
Disclosure of income taxes [Line Items]
Income tax rate	35%	35%	31%
Argentina
Disclosure of income taxes [Line Items]
Income tax rate	35%	35%	30%
Brazil
Disclosure of income taxes [Line Items]
Income tax rate	34%	34%	34%
Chile
Disclosure of income taxes [Line Items]
Income tax rate	27%	27%	27%
Peru
Disclosure of income taxes [Line Items]
Income tax rate	29.50%	29.50%	29.50%
Ecuador
Disclosure of income taxes [Line Items]
Income tax rate	25%	25%	25%
Uruguay
Disclosure of income taxes [Line Items]
Income tax rate	25%	25%	25%
United States
Disclosure of income taxes [Line Items]
Income tax rate	21%	21%	21%
Switzerland
Disclosure of income taxes [Line Items]
Income tax rate	18.60%	18.60%	18.60%

Taxes - Components of Income Ta

Taxes - Components of Income Tax Expense (Details) $ in Millions, $ in Millions	12 Months Ended
	Dec. 31, 2023 USD ($)	[1]	Dec. 31, 2023 MXN ($)	Dec. 31, 2022 MXN ($)	Dec. 31, 2021 MXN ($)
Disclosure of income taxes [Line Items]
Current tax expense			$ 30,413	$ 17,007	$ 14,244
Deferred tax expense (benefit):
Origination and reversal of temporary differences			247	(1,164)	2,390
Utilization (benefit) of tax losses, net			(3,198)	(389)	(1,498)
Change in the statutory rate			(172)	(102)	4
Total deferred tax expense (benefit)			(3,123)	(1,655)	896
Total income taxes			27,290	15,352	15,140
Total income taxes attributable to continued operation	$ 768		12,971	13,275	13,566
Aggregate continuing and discontinued operations
Deferred tax expense (benefit):
Total deferred tax expense (benefit)			(5,960)	(1,590)	626
Total income taxes			12,971	13,275	13,566
Discontinued operations
Deferred tax expense (benefit):
Total deferred tax expense (benefit)			2,838	(65)	270
Total income taxes			$ 14,319	$ 2,077	$ 1,574
[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, 2023	Dec. 31, 2022	Dec. 31, 2021
Statement [Line Items]
Unrealized gain (loss) on cash flow hedges	$ (355)	$ (1,158)	$ 992
Exchange differences on translation of foreign operations	(1,951)	(3,742)	(1,730)
Remeasurements of the net defined benefit liability	11	383	127
Share of the other comprehensive income of equity method accounted investees	3,108	1,129	1,506
Total income tax expense (benefit) recognized in OCI	813	(3,388)	895
CTA
Statement [Line Items]
Share of the other comprehensive income of equity method accounted investees	$ 2,953	$ 239	$ 394

Taxes - Reconciliation of tax r

Taxes - Reconciliation of tax rate (Details) - MXN ($) $ in Millions	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Taxes [Abstract]
Mexican statutory income tax rate	30%	30%	30%
Difference between book and tax inflationary values and translation effects	(1.70%)	(5.40%)	(4.80%)
Annual inflation tax adjustment	0.20%	7%	7.70%
Income tax at a rate other than Mexican statutory rates	0.90%	2.80%	0.20%
Non-deductible expenses	2.10%	3.80%	2.10%
Taxable (non-taxable) income	(3.20%)	1.40%	2.30%
Others	0.10%	0.10%	0.10%
Adjustments for previous tax years	0%	0.40%	0%
Income tax credits	0%	0%	(1.50%)
Tax loss (recognition) write off	(3.30%)	(5.50%)	(1.40%)
Sale of investment of Heineken	1.20%	0%	0%
Consolidated Effective income tax rate	26.30%	34.60%	34.70%
Effective income tax rate from continued operations	22.70%	33%	34.30%
Effective income tax rate from discontinued operations	3.60%	1.60%	0.40%
Recognized deferred tax asset		$ (2,194)

Taxes - Deferred income tax in

Taxes - Deferred income tax in financial statements (Details) $ in Millions, $ in Millions	12 Months Ended
	Dec. 31, 2023 MXN ($)	Dec. 31, 2022 MXN ($)	Dec. 31, 2021 MXN ($)	Dec. 31, 2023 USD ($)	[1]	Dec. 31, 2023 MXN ($)	Dec. 31, 2020 MXN ($)
Disclosure of income taxes [Line Items]
Deferred tax (liability)/asset, net		$ (20,067)	$ (14,691)			$ (20,227)	$ (16,010)
Deferred tax income net recorded in share of the profit of equity method accounted investees	$ 1,601	567	443
Total deferred tax expense (benefit)	$ (3,123)	(1,655)	896
Deferred tax asset before reclassification to assets held for sale						(29,639)
Deferred tax asset from assets held for sale						2,041
Deferred tax assets		(26,890)		$ (1,633)		(27,598)
Deferred tax liability before reclassification to assets held for sale						7,373
Deferred tax liability from assets held from sale						(2)
Deferred tax liabilities		6,823		$ 436		7,371
Deferred tax recovery period	10 years
Aggregate continuing and discontinued operations
Disclosure of income taxes [Line Items]
Deferred income tax related to consolidated statement of income	$ (7,561)	(2,157)	183
Total deferred tax expense (benefit)	(5,960)	(1,590)	626
Discontinued operations
Disclosure of income taxes [Line Items]
Total deferred tax expense (benefit)	2,838	(65)	270
Expected credit losses
Disclosure of income taxes [Line Items]
Deferred tax (liability)/asset, net		389				356
Deferred income tax related to consolidated statement of income	(6)	21	(3)
Inventories
Disclosure of income taxes [Line Items]
Deferred tax (liability)/asset, net		107				61
Deferred income tax related to consolidated statement of income	(1)	99	(17)
Other current assets
Disclosure of income taxes [Line Items]
Deferred tax (liability)/asset, net		(99)				(317)
Deferred income tax related to consolidated statement of income	92	(78)	47
Property, plant and equipment, net
Disclosure of income taxes [Line Items]
Deferred tax (liability)/asset, net		7,288				7,075
Deferred income tax related to consolidated statement of income	275	(1,345)	(1,081)
Right of use Assets
Disclosure of income taxes [Line Items]
Deferred tax (liability)/asset, net		1,433				1,166
Deferred income tax related to consolidated statement of income	194	(151)	(482)
Investments in equity method accounted investees
Disclosure of income taxes [Line Items]
Deferred tax (liability)/asset, net		7,330				51
Deferred income tax related to consolidated statement of income	74	(58)	(22)
Other assets
Disclosure of income taxes [Line Items]
Deferred tax (liability)/asset, net		283				(315)
Deferred income tax related to consolidated statement of income	(884)	36	(2)
Finite useful lived intangible assets
Disclosure of income taxes [Line Items]
Deferred tax (liability)/asset, net		(3)				(131)
Deferred income tax related to consolidated statement of income	145	(139)	498
Indefinite lived intangible assets
Disclosure of income taxes [Line Items]
Deferred tax (liability)/asset, net		(3,693)				(1,499)
Deferred income tax related to consolidated statement of income	(2,161)	402	36
Post-employment and other long-term employee benefits
Disclosure of income taxes [Line Items]
Deferred tax (liability)/asset, net		736				821
Deferred income tax related to consolidated statement of income	(79)	(71)	(258)
Derivative financial instruments
Disclosure of income taxes [Line Items]
Deferred tax (liability)/asset, net		(420)				240
Deferred income tax related to consolidated statement of income	(577)	(111)	738
Temporary non-deductible provisions
Disclosure of income taxes [Line Items]
Deferred tax (liability)/asset, net		3,971				4,602
Deferred income tax related to consolidated statement of income	(1,006)	43	1,280
Employee profit sharing payable
Disclosure of income taxes [Line Items]
Deferred tax (liability)/asset, net		871				1,003
Deferred income tax related to consolidated statement of income	(56)	(304)	(393)
Tax loss carryforwards
Disclosure of income taxes [Line Items]
Deferred tax (liability)/asset, net		10,177				13,137
Deferred income tax related to consolidated statement of income	(3,198)	(389)	(1,498)
Tax credits to recover
Disclosure of income taxes [Line Items]
Deferred tax (liability)/asset, net		1,065				797
Deferred income tax related to consolidated statement of income	(73)	255	1,200
Cumulative other comprehensive income
Disclosure of income taxes [Line Items]
Deferred tax (liability)/asset, net		218				394
Deferred income tax related to consolidated statement of income	0	(417)	0
Exchange differences on translation of foreign operations in OCI
Disclosure of income taxes [Line Items]
Deferred tax (liability)/asset, net		(4,603)				(2,000)
Deferred income tax related to consolidated statement of income	0	0	0
Other liabilities
Disclosure of income taxes [Line Items]
Deferred tax (liability)/asset, net		752				1,785
Deferred income tax related to consolidated statement of income	(45)	322	1
Lease liabilities
Disclosure of income taxes [Line Items]
Deferred tax (liability)/asset, net		382				446
Deferred income tax related to consolidated statement of income	(255)	(272)	53
Liabilities of amortization of goodwill of business acquisition
Disclosure of income taxes [Line Items]
Deferred tax (liability)/asset, net		(6,117)				$ (7,445)
Deferred income tax related to consolidated statement of income	$ 0	$ 0	$ 86
[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, 2023	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Disclosure of income taxes [Line Items]
Deferred tax (liability)/asset, net	$ 20,227	$ 20,067	$ 14,691	$ 16,010
Accumulated other comprehensive income
Disclosure of income taxes [Line Items]
Deferred tax (liability)/asset, net	3,332	3,323
Accumulated other comprehensive income | Valuation of the effective portion of derivative financial instrument
Disclosure of income taxes [Line Items]
Deferred tax (liability)/asset, net	324	688
Accumulated other comprehensive income | Remeasurements of the net defined benefit liability
Disclosure of income taxes [Line Items]
Deferred tax (liability)/asset, net	(221)	(251)
Accumulated other comprehensive income | Exchange differences on translation of foreign operations
Disclosure of income taxes [Line Items]
Deferred tax (liability)/asset, net	1,828	3,778
Accumulated other comprehensive income | Gain on hedge of net investments in foreign operations
Disclosure of income taxes [Line Items]
Deferred tax (liability)/asset, net	1,401	2,216
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	$ 0	$ (3,108)

Taxes - Net Deferred Income Tax

Taxes - Net Deferred Income Tax Asset Rollforward (Details) - MXN ($) $ in Millions	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Disclosure of income taxes [Line Items]
Balance at the beginning of the period	$ 20,067	$ 14,691	$ 16,010
Deferred tax provision for the period (Note 25.8)	(5,960)	(1,115)	622
Deferred tax income net recorded in share of the profit of equity method accounted investees	2	(694)	277
Acquisition of subsidiaries	1,871	0	0
Unrealized (gain) on cash flow hedges	(594)	(1,281)	1,006
Exchange differences on translation of foreign operations	1,002	(2,604)	(491)
Remeasurements of the net defined benefit liability	405	497	380
Retained earnings of equity method accounted investees	954	(334)	32
Restatement effect of the period and beginning balances associated with hyperinflationary economies	121	155	(507)
Balance at the end of the period	20,227	20,067	14,691
Discontinued operations
Disclosure of income taxes [Line Items]
Related discontinued operations	$ 2,039	$ 0	$ 0

Taxes - Tax loss carryforwards,

Taxes - Tax loss carryforwards, maturity (Details) - MXN ($) $ in Millions	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Disclosure of income taxes [Line Items]
Unused tax losses for which no deferred tax asset recognised	$ 42,813	$ 31,323	$ 30,041
Adjustments in deferred income tax assets	$ 1,547	$ 1,816
NOLs usage limit	30%
2024
Disclosure of income taxes [Line Items]
Unused tax losses for which no deferred tax asset recognised	$ 963
2025
Disclosure of income taxes [Line Items]
Unused tax losses for which no deferred tax asset recognised	790
2026
Disclosure of income taxes [Line Items]
Unused tax losses for which no deferred tax asset recognised	635
2027
Disclosure of income taxes [Line Items]
Unused tax losses for which no deferred tax asset recognised	659
2028
Disclosure of income taxes [Line Items]
Unused tax losses for which no deferred tax asset recognised	484
2029
Disclosure of income taxes [Line Items]
Unused tax losses for which no deferred tax asset recognised	2,743
2030
Disclosure of income taxes [Line Items]
Unused tax losses for which no deferred tax asset recognised	3,323
2031
Disclosure of income taxes [Line Items]
Unused tax losses for which no deferred tax asset recognised	403
2032
Disclosure of income taxes [Line Items]
Unused tax losses for which no deferred tax asset recognised	3,283
2033 and thereafter
Disclosure of income taxes [Line Items]
Unused tax losses for which no deferred tax asset recognised	16,567
No expiration (Brazil and Colombia)
Disclosure of income taxes [Line Items]
Unused tax losses for which no deferred tax asset recognised	$ 12,963

Taxes - Tax Loss Carryforwards

Taxes - Tax Loss Carryforwards Rollforward (Details) - MXN ($)	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Taxes [Abstract]
Tax loss carryforwards, beginning	$ 31,323,000,000	$ 30,041,000,000
Derecognized	(932,000,000)	(13,348,000,000)
Increase	21,018,000,000	14,639,000,000
Usage of tax losses	(7,281,000,000)	(460,000,000)
Translation effect of beginning balances	(1,315,000,000)	451,000,000
Tax loss carryforwards, ending	42,813,000,000	31,323,000,000	$ 30,041,000,000
Taxes withheld on payment of dividends	0	0	0
Temporary differences for which tax liability not recognized	$ 5,792,000,000	$ 14,528,000,000	$ 19,141,000,000

Other Liabilities, Provisions_3

Other Liabilities, Provisions, Contingencies and Commitments - Other Current Liabilities (Details) $ in Millions, $ in Millions	Dec. 31, 2023 USD ($)	[1]	Dec. 31, 2023 MXN ($)	Dec. 31, 2022 MXN ($)
Other Liabilities, Provisions, Contingencies and Commitments [Abstract]
Short-term employee benefits			$ 11,808	$ 12,335
Accrued expenses			14,151	19,115
Other			813	392
Accounts payable	$ 1,584		$ 26,772	$ 31,842
[1] Convenience translation to U.S. dollars ($) – See Note 2.2.3

Other Liabilities, Provisions_4

Other Liabilities, Provisions, Contingencies and Commitments (Details) $ in Millions, $ in Millions	Dec. 31, 2023 USD ($)	[1]	Dec. 31, 2023 MXN ($)	Dec. 31, 2022 MXN ($)
Other Liabilities, Provisions, Contingencies and Commitments [Abstract]
Sundry creditors			$ 18,540	$ 16,869
Derivative financial instruments (see Note 21)			738	470
Other tax payable			11,106	11,275
Other			108	136
Total	$ 1,804		30,492	28,750
Tax payable			1,116	1,045
Debt with former shareholders			1,578	1,575
Other			1,923	1,676
Total			$ 4,617	$ 4,296
[1] Convenience translation to U.S. dollars ($) – See Note 2.2.3

Other Liabilities, Provisions_5

Other Liabilities, Provisions, Contingencies and Commitments - Other (Details) $ in Millions, $ in Millions	Dec. 31, 2023 USD ($)	[1]	Dec. 31, 2023 MXN ($)	Dec. 31, 2022 MXN ($)
Other Liabilities, Provisions, Contingencies and Commitments [Abstract]
Derivative financial instruments (see Note 21)			$ 8,653	$ 5,651
Security deposits			1,012	967
Total	$ 572		$ 9,665	$ 6,618
[1] Convenience translation to U.S. dollars ($) – See Note 2.2.3

Other Liabilities, Provisions_6

Other Liabilities, Provisions, Contingencies and Commitments - Contingencies (Details) $ in Millions, $ in Millions	Dec. 31, 2023 USD ($)	[1]	Dec. 31, 2023 MXN ($)	Dec. 31, 2022 MXN ($)	Dec. 31, 2021 MXN ($)	Dec. 31, 2020 MXN ($)
Disclosure of financial liabilities [line items]
Provisions	$ 256		$ 4,323	$ 4,685
Indirect taxes
Disclosure of financial liabilities [line items]
Provisions			1,649	1,976	$ 2,845	$ 3,153
Labor
Disclosure of financial liabilities [line items]
Provisions			1,570	1,703	1,807	1,857
Legal
Disclosure of financial liabilities [line items]
Provisions			$ 1,104	$ 1,006	$ 937	$ 1,293
[1] Convenience translation to U.S. dollars ($) – See Note 2.2.3

Other Liabilities, Provisions_7

Other Liabilities, Provisions, Contingencies and Commitments - Changes in Balance of Provisions Recorded (Details) $ in Millions, $ in Millions	12 Months Ended
	Dec. 31, 2023 USD ($)	[1]	Dec. 31, 2023 MXN ($)	Dec. 31, 2022 MXN ($)	Dec. 31, 2021 MXN ($)
Disclosure of financial liabilities [line items]
Balance at beginning of the period			$ 4,685
Balance at end of the period	$ 256		4,323	$ 4,685
Indirect taxes
Disclosure of financial liabilities [line items]
Balance at beginning of the period			1,976	2,845	$ 3,153
Penalties and other charges (see Note 20)			56	109	77
New contingencies (see Note 20)			475	249	314
Cancellation and expiration (see Note 20)			(9)	(738)	(77)
Payments			(587)	(473)	(237)
Effects of changes in foreign exchange rates			(110)	(16)	(385)
Balance at end of the period			1,649	1,976	2,845
Indirect taxes | Discontinued operations
Disclosure of financial liabilities [line items]
Discontinuing operations			(152)	0	0
Labor
Disclosure of financial liabilities [line items]
Balance at beginning of the period			1,703	1,807	1,857
Penalties and other charges (see Note 20)			64	81	309
New contingencies (see Note 20)			868	571	526
Contingencies added in the business combination			0	67	0
Cancellation and expiration (see Note 20)			(525)	(443)	(445)
Payments			(308)	(320)	(360)
Effects of changes in foreign exchange rates			(155)	(60)	(80)
Balance at end of the period			1,570	1,703	1,807
Labor | Discontinued operations
Disclosure of financial liabilities [line items]
Discontinuing operations			(77)	0	0
Legal
Disclosure of financial liabilities [line items]
Balance at beginning of the period			1,006	937	1,293
Penalties and other charges (see Note 20)			50	63	68
New contingencies (see Note 20)			423	141	35
Contingencies added in the business combination			0	158	0
Cancellation and expiration (see Note 20)			(122)	(146)	(364)
Payments			(68)	(110)	(97)
Effects of changes in foreign exchange rates			(84)	(37)	2
Balance at end of the period			1,104	1,006	937
Legal | Discontinued operations
Disclosure of financial liabilities [line items]
Discontinuing operations			$ (101)	$ 0	$ 0
[1] Convenience translation to U.S. dollars ($) – See Note 2.2.3

Other Liabilities, Provisions_8

Other Liabilities, Provisions, Contingencies and Commitments - Litigation, etc. (Details) - MXN ($) $ in Millions	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Disclosure of financial liabilities [line items]
Aggregate amount claimed against company	$ 140,462
Commitments for the purchase of property, plant and equipment	3,394	$ 2,588	$ 726
Brazil
Disclosure of financial liabilities [line items]
Tax contingencies amount	66,710
Litigation amount	13,692	$ 13,728	10,721
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	10,166
Coca-Cola FEMSA | Tax credits
Disclosure of financial liabilities [line items]
Tax contingencies amount	38,150
Coca-Cola FEMSA | Federal taxes
Disclosure of financial liabilities [line items]
Tax contingencies amount	5,188
Coca-Cola FEMSA | Amortization of goodwill
Disclosure of financial liabilities [line items]
Tax contingencies amount	9,949
Coca-Cola FEMSA | Liability over the operations of third party
Disclosure of financial liabilities [line items]
Tax contingencies amount	2,668
Coca-Cola FEMSA | Exclusion of ICMS from PIS/COFINS taxable basis
Disclosure of financial liabilities [line items]
Tax contingencies amount	$ 589

Information by Segment - By Bus

Information by Segment - By Business Unit (Details) $ in Millions, $ in Millions	12 Months Ended
	Dec. 31, 2023 USD ($)		Dec. 31, 2023 MXN ($)	Dec. 31, 2022 MXN ($)	Dec. 31, 2021 MXN ($)	Dec. 31, 2023 MXN ($)
Disclosure of operating segments [line items]
Total revenues	$ 41,580	[1]	$ 702,692	$ 597,008	$ 505,460
Intercompany revenue			0	0	0
Gross profit	16,539	[1]	279,507	241,518	206,184
Administrative expenses	1,912	[1]	32,307	28,077	22,935
Selling expenses	11,168	[1]	188,732	149,145	129,057
Other income	775	[1]	13,102	1,051	5,566
Other expenses	370	[1]	6,252	2,896	3,725
Interest expense	883	[1]	14,916	15,853	16,630
Interest income	1,042	[1]	17,609	3,769	1,488
Income before income taxes and share of the profit of equity method accounted investees	3,420	[1]	57,816	46,496	42,990
Income taxes			27,290	15,352	15,140
Consolidated net income from continued operations	4,536	[1]	76,677	34,743	37,678
Depreciation and amortization			34,017	27,319	25,395
Non-cash items other than depreciation and amortization			3,347	3,048	2,441
Investments in equity method accounted investees (4)	1,553	[2]		103,669	107,299	$ 26,247
Total assets	47,687	[2]		798,815	737,500	805,856
Total liabilities	$ 25,295	[2]		461,014	402,383	427,487
Investments in fixed assets				34,410	24,055	38,611
Disposals, property, plant and equipment			400	308	208
Heineken Company
Disclosure of operating segments [line items]
Investments in equity method accounted investees (4)				92,282	96,349
Aggregate continuing and discontinued operations
Disclosure of operating segments [line items]
Income taxes			12,971	13,275	13,566
Consolidated net income from continued operations			44,439	33,320	29,414
Discontinued operations
Disclosure of operating segments [line items]
Income taxes			14,319	2,077	1,574
Consolidated net income from continued operations			32,238	1,423	8,264
Depreciation and amortization			0	0	0
Non-cash items other than depreciation and amortization			0	0	0
Investments in equity method accounted investees (4)				0	0	0
Total assets				179,277	165,874	25,819
Total liabilities				45,094	32,628	11,569
Investments in fixed assets				1,140	557	0
Coca-Cola FEMSA
Disclosure of operating segments [line items]
Total revenues			236,640	220,251	189,376
Proximity Americas Division
Disclosure of operating segments [line items]
Total revenues			276,785	233,884	198,066
Proximity Europe Division
Disclosure of operating segments [line items]
Total revenues			43,552	9,809	0
Health Division
Disclosure of operating segments [line items]
Total revenues			75,355	74,800	73,027
Fuel Division
Disclosure of operating segments [line items]
Total revenues			58,150	51,502	39,865
Other
Disclosure of operating segments [line items]
Total revenues			12,210	6,762	5,126
Material reconciling items
Disclosure of operating segments [line items]
Total revenues			(55,200)	(21,392)	(20,244)
Intercompany revenue			(55,200)	(21,392)	(20,244)
Gross profit			(29,527)	14,275	(5,134)
Income before income taxes and share of the profit of equity method accounted investees			(14,437)	39,567	(182)
Depreciation and amortization			(1,381)	(575)	(129)
Non-cash items other than depreciation and amortization			2	68	0
Investments in equity method accounted investees (4)				0	0	0
Total assets				(88,943)	(74,087)	(203,421)
Total liabilities				(88,951)	(74,113)	(100,228)
Investments in fixed assets				(968)	(312)	(1,421)
Material reconciling items | Coca-Cola FEMSA
Disclosure of operating segments [line items]
Total revenues			(8,448)	(6,489)	(5,428)
Intercompany revenue			8,448	6,489	5,428
Material reconciling items | Proximity Division
Disclosure of operating segments [line items]
Intercompany revenue				74	520
Material reconciling items | Proximity Americas Division
Disclosure of operating segments [line items]
Total revenues			(1,735)	(74)	(520)
Intercompany revenue			1,735
Material reconciling items | Proximity Europe Division
Disclosure of operating segments [line items]
Total revenues			0	0	0
Intercompany revenue			0	0
Material reconciling items | Health Division
Disclosure of operating segments [line items]
Total revenues			(3)	0	0
Intercompany revenue			3	0	0
Material reconciling items | Fuel Division
Disclosure of operating segments [line items]
Total revenues			(349)	(311)	(57)
Intercompany revenue			349	311	57
Material reconciling items | Other
Disclosure of operating segments [line items]
Total revenues			(44,665)	(14,518)	(14,239)
Intercompany revenue			44,665	14,518	14,239
Operating segments
Disclosure of operating segments [line items]
Total revenues			757,892	618,400	525,704
Operating segments | Coca-Cola FEMSA
Disclosure of operating segments [line items]
Total revenues			245,088	226,740	194,804
Gross profit			110,860	100,300	88,598
Income before income taxes and share of the profit of equity method accounted investees			28,792	25,787	22,852
Depreciation and amortization			10,531	10,425	9,834
Non-cash items other than depreciation and amortization			1,707	1,738	1,613
Investments in equity method accounted investees (4)				8,452	7,494	9,246
Total assets				277,995	271,567	273,512
Total liabilities				146,119	143,995	139,808
Investments in fixed assets				19,665	13,865	21,396
Operating segments | Proximity Division
Disclosure of operating segments [line items]
Total revenues				233,958	198,586
Gross profit				97,586	84,196
Income before income taxes and share of the profit of equity method accounted investees				5,661	12,580
Depreciation and amortization				11,571	10,869
Non-cash items other than depreciation and amortization				511	448
Investments in equity method accounted investees (4)				2,650	2,899
Total assets				143,877	129,821
Total liabilities				119,991	110,765
Investments in fixed assets				9,957	7,179
Operating segments | Proximity Americas Division
Disclosure of operating segments [line items]
Total revenues			278,520	233,958	198,586
Gross profit			117,062
Income before income taxes and share of the profit of equity method accounted investees			2,401
Depreciation and amortization			12,937
Non-cash items other than depreciation and amortization			509
Investments in equity method accounted investees (4)						1,690
Total assets						176,836
Total liabilities						149,131
Investments in fixed assets						13,387
Operating segments | Proximity Europe Division
Disclosure of operating segments [line items]
Total revenues			43,552	9,809	0
Gross profit			18,622	4,599
Income before income taxes and share of the profit of equity method accounted investees			388	218
Depreciation and amortization			4,700	826
Non-cash items other than depreciation and amortization			148	6
Investments in equity method accounted investees (4)				0		0
Total assets				38,759		39,833
Total liabilities				36,647		37,876
Investments in fixed assets				544		1,654
Operating segments | Health Division
Disclosure of operating segments [line items]
Total revenues			75,358	74,800	73,027
Gross profit			22,499	21,983	21,736
Income before income taxes and share of the profit of equity method accounted investees			(166)	1,659	1,068
Depreciation and amortization			3,447	3,291	3,355
Non-cash items other than depreciation and amortization			1,296	394	111
Investments in equity method accounted investees (4)				1	0	1
Total assets				60,960	57,463	64,888
Total liabilities				47,798	44,037	48,357
Investments in fixed assets				2,868	2,049	1,750
Operating segments | Fuel Division
Disclosure of operating segments [line items]
Total revenues			58,499	51,813	39,922
Gross profit			7,344	6,560	5,269
Income before income taxes and share of the profit of equity method accounted investees			699	1,543	455
Depreciation and amortization			1,137	1,062	972
Non-cash items other than depreciation and amortization			13	59	14
Investments in equity method accounted investees (4)				19	19	19
Total assets				24,102	19,878	25,124
Total liabilities				19,574	16,503	20,267
Investments in fixed assets				157	243	186
Operating segments | Other
Disclosure of operating segments [line items]
Total revenues			56,875	21,280	19,365
Gross profit			32,647	(3,785)	11,519
Income before income taxes and share of the profit of equity method accounted investees			40,139	(27,939)	6,217
Depreciation and amortization			2,646	719	494
Non-cash items other than depreciation and amortization			$ (328)	272	255
Investments in equity method accounted investees (4)				265	538	15,291
Total assets				162,788	166,984	403,265
Total liabilities				134,742	128,568	120,707
Investments in fixed assets				$ 1,047	$ 474	$ 1,659
[1] Convenience translation to U.S. dollars ($) – See Note 2.2.3 Convenience translation to U.S. dollars ($) – See Note 2.2.3

Information by Segment - By Geo

Information by Segment - By Geographic Area (Details) $ in Millions, $ in Millions	12 Months Ended
	Dec. 31, 2023 USD ($)		Dec. 31, 2023 MXN ($)	Dec. 31, 2022 MXN ($)	Dec. 31, 2021 MXN ($)
Disclosure of geographical areas [line items]
Total non current assets			$ 449,697	$ 572,366
Total revenue	$ (41,580)	[1]	$ (702,692)	(597,008)	$ (505,460)
IFS TopCo
Disclosure of geographical areas [line items]
Economic ownership percentage	37%		37%
Other
Disclosure of geographical areas [line items]
Total revenue			$ (12,210)	(6,762)	(5,126)
Operating segments
Disclosure of geographical areas [line items]
Total revenue			(757,892)	(618,400)	(525,704)
Operating segments | Goods Offered For Sale
Disclosure of geographical areas [line items]
Total revenue			(757,009)	(618,284)	(525,367)
Operating segments | Other
Disclosure of geographical areas [line items]
Total revenue			(56,875)	(21,280)	(19,365)
Operating segments | Other | Goods Offered For Sale
Disclosure of geographical areas [line items]
Total revenue			(56,875)	(21,280)	(19,365)
Material reconciling items
Disclosure of geographical areas [line items]
Total revenue			55,200	21,392	20,244
Material reconciling items | Services Provided To Customers
Disclosure of geographical areas [line items]
Total revenue			(883)	(116)	(337)
Material reconciling items | Other
Disclosure of geographical areas [line items]
Total revenue			44,665	14,518	14,239
Material reconciling items | Other | Services Provided To Customers
Disclosure of geographical areas [line items]
Total revenue			0	0	0
Mexico and Central America
Disclosure of geographical areas [line items]
Total non current assets			305,204	245,222
Mexico and Central America | Operating segments
Disclosure of geographical areas [line items]
Total revenue			(558,100)	(454,638)	(381,885)
Mexico and Central America | Operating segments | Other
Disclosure of geographical areas [line items]
Total revenue			(56,875)	(21,280)	(19,365)
Mexico
Disclosure of geographical areas [line items]
Total non current assets			295,770	237,832
Total revenue			(456,709)	(418,807)	(355,920)
United States
Disclosure of geographical areas [line items]
Total non current assets			36	61,164
United States | Operating segments
Disclosure of geographical areas [line items]
Total revenue			(15)	(17)	(11)
United States | Operating segments | Other
Disclosure of geographical areas [line items]
Total revenue			0	0	0
South America
Disclosure of geographical areas [line items]
Total non current assets			114,051	121,398
South America | Operating segments
Disclosure of geographical areas [line items]
Total revenue			(156,225)	(153,936)	(143,808)
South America | Operating segments | Other
Disclosure of geographical areas [line items]
Total revenue			0	0	0
Brazil
Disclosure of geographical areas [line items]
Total non current assets			61,223	67,848
Total revenue			(53,573)	(70,737)	(59,973)
Colombia
Disclosure of geographical areas [line items]
Total non current assets			13,479	17,092
Total revenue			(57,432)	(45,733)	(17,548)
Argentina
Disclosure of geographical areas [line items]
Total non current assets			2,898	4,895
Total revenue			(6,673)	(11,034)	(8,546)
Chile
Disclosure of geographical areas [line items]
Total non current assets			30,885	30,272
Total revenue			(35,437)	(35,423)	(54,709)
Uruguay
Disclosure of geographical areas [line items]
Total non current assets			2,070	3,403
Total revenue			(4,415)	(3,886)	(3,371)
Ecuador
Disclosure of geographical areas [line items]
Total non current assets			3,496	3,737
Total revenue			(8,986)	(9,791)	(9,079)
Europe
Disclosure of geographical areas [line items]
Total non current assets			30,406	144,582
Europe | Operating segments
Disclosure of geographical areas [line items]
Total revenue			(43,552)	(9,809)	0
Europe | Operating segments | Other
Disclosure of geographical areas [line items]
Total revenue			$ 0	$ 0	$ 0
[1] Convenience translation to U.S. dollars ($) – See Note 2.2.3

Revenue - Disaggregation of Rev

Revenue - Disaggregation of Revenue (Details) $ in Millions, $ in Millions	1 Months Ended	12 Months Ended
	Oct. 31, 2023	Dec. 31, 2023 USD ($)		Dec. 31, 2023 MXN ($)	Dec. 31, 2022 MXN ($)	Dec. 31, 2021 MXN ($)
Disclosure of disaggregation of revenue from contracts with customers [line items]
Total revenue		$ 41,580	[1]	$ 702,692	$ 597,008	$ 505,460
IFS TopCo LLC
Disclosure of disaggregation of revenue from contracts with customers [line items]
Economic ownership percentage	37.10%	37.10%		37.10%	0%
Mexico
Disclosure of disaggregation of revenue from contracts with customers [line items]
Total revenue				$ 456,709	$ 418,807	355,920
Brazil
Disclosure of disaggregation of revenue from contracts with customers [line items]
Total revenue				53,573	70,737	59,973
Colombia
Disclosure of disaggregation of revenue from contracts with customers [line items]
Total revenue				57,432	45,733	17,548
Argentina
Disclosure of disaggregation of revenue from contracts with customers [line items]
Total revenue				6,673	11,034	8,546
Chile
Disclosure of disaggregation of revenue from contracts with customers [line items]
Total revenue				35,437	35,423	54,709
Uruguay
Disclosure of disaggregation of revenue from contracts with customers [line items]
Total revenue				4,415	3,886	3,371
Ecuador
Disclosure of disaggregation of revenue from contracts with customers [line items]
Total revenue				8,986	9,791	9,079
Coca-Cola FEMSA
Disclosure of disaggregation of revenue from contracts with customers [line items]
Total revenue				236,640	220,251	189,376
Proximity Americas Division
Disclosure of disaggregation of revenue from contracts with customers [line items]
Total revenue				276,785	233,884	198,066
Proximity Europe Division
Disclosure of disaggregation of revenue from contracts with customers [line items]
Total revenue				43,552	9,809	0
Health Division
Disclosure of disaggregation of revenue from contracts with customers [line items]
Total revenue				75,355	74,800	73,027
Fuel Division
Disclosure of disaggregation of revenue from contracts with customers [line items]
Total revenue				58,150	51,502	39,865
Operating segments
Disclosure of disaggregation of revenue from contracts with customers [line items]
Total revenue				757,892	618,400	525,704
Operating segments | Mexico and Central America
Disclosure of disaggregation of revenue from contracts with customers [line items]
Total revenue				558,100	454,638	381,885
Operating segments | United States
Disclosure of disaggregation of revenue from contracts with customers [line items]
Total revenue				15	17	11
Operating segments | South America
Disclosure of disaggregation of revenue from contracts with customers [line items]
Total revenue				156,225	153,936	143,808
Operating segments | Europe
Disclosure of disaggregation of revenue from contracts with customers [line items]
Total revenue				43,552	9,809	0
Operating segments | Coca-Cola FEMSA
Disclosure of disaggregation of revenue from contracts with customers [line items]
Total revenue				245,088	226,740	194,804
Operating segments | Coca-Cola FEMSA | Mexico and Central America
Disclosure of disaggregation of revenue from contracts with customers [line items]
Total revenue				149,362	131,002	115,794
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				95,726	95,738	79,010
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 Americas Division
Disclosure of disaggregation of revenue from contracts with customers [line items]
Total revenue				278,520	233,958	198,586
Operating segments | Proximity Americas Division | Mexico and Central America
Disclosure of disaggregation of revenue from contracts with customers [line items]
Total revenue				272,456	229,331	195,990
Operating segments | Proximity Americas Division | United States
Disclosure of disaggregation of revenue from contracts with customers [line items]
Total revenue				15	17	11
Operating segments | Proximity Americas Division | South America
Disclosure of disaggregation of revenue from contracts with customers [line items]
Total revenue				6,049	4,610	2,585
Operating segments | Proximity Americas Division | Europe
Disclosure of disaggregation of revenue from contracts with customers [line items]
Total revenue				0	0	0
Operating segments | Proximity Europe Division
Disclosure of disaggregation of revenue from contracts with customers [line items]
Total revenue				43,552	9,809	0
Operating segments | Proximity Europe Division | Mexico and Central America
Disclosure of disaggregation of revenue from contracts with customers [line items]
Total revenue				0	0	0
Operating segments | Proximity Europe Division | United States
Disclosure of disaggregation of revenue from contracts with customers [line items]
Total revenue				0	0	0
Operating segments | Proximity Europe Division | South America
Disclosure of disaggregation of revenue from contracts with customers [line items]
Total revenue				0	0	0
Operating segments | Proximity Europe Division | Europe
Disclosure of disaggregation of revenue from contracts with customers [line items]
Total revenue				43,552	9,809	0
Operating segments | Health Division
Disclosure of disaggregation of revenue from contracts with customers [line items]
Total revenue				75,358	74,800	73,027
Operating segments | Health Division | Mexico and Central America
Disclosure of disaggregation of revenue from contracts with customers [line items]
Total revenue				20,908	21,212	10,814
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				54,450	53,588	62,213
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				58,499	51,813	39,922
Operating segments | Fuel Division | Mexico and Central America
Disclosure of disaggregation of revenue from contracts with customers [line items]
Total revenue				58,499	51,813	39,922
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 | Goods Offered For Sale
Disclosure of disaggregation of revenue from contracts with customers [line items]
Total revenue				757,009	618,284	525,367
Operating segments | Goods Offered For Sale | Coca-Cola FEMSA
Disclosure of disaggregation of revenue from contracts with customers [line items]
Total revenue				245,088	226,740	194,804
Operating segments | Goods Offered For Sale | Proximity Americas Division
Disclosure of disaggregation of revenue from contracts with customers [line items]
Total revenue				278,520	233,958	198,586
Operating segments | Goods Offered For Sale | Proximity Europe Division
Disclosure of disaggregation of revenue from contracts with customers [line items]
Total revenue				43,552	9,809	0
Operating segments | Goods Offered For Sale | Health Division
Disclosure of disaggregation of revenue from contracts with customers [line items]
Total revenue				75,358	74,800	73,027
Operating segments | Goods Offered For Sale | Fuel Division
Disclosure of disaggregation of revenue from contracts with customers [line items]
Total revenue				57,616	51,697	39,585
Material reconciling items
Disclosure of disaggregation of revenue from contracts with customers [line items]
Total revenue				(55,200)	(21,392)	(20,244)
Material reconciling items | Coca-Cola FEMSA
Disclosure of disaggregation of revenue from contracts with customers [line items]
Total revenue				(8,448)	(6,489)	(5,428)
Material reconciling items | Proximity Americas Division
Disclosure of disaggregation of revenue from contracts with customers [line items]
Total revenue				(1,735)	(74)	(520)
Material reconciling items | Proximity Europe Division
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				(3)	0	0
Material reconciling items | Fuel Division
Disclosure of disaggregation of revenue from contracts with customers [line items]
Total revenue				(349)	(311)	(57)
Material reconciling items | Services Provided To Customers
Disclosure of disaggregation of revenue from contracts with customers [line items]
Total revenue				883	116	337
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 Americas Division
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 Division
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				$ 883	$ 116	$ 337
[1] Convenience translation to U.S. dollars ($) – See Note 2.2.3

Subsequent Events (Details)

Subsequent Events (Details) - MXN ($)	Mar. 23, 2024	Mar. 22, 2024	Mar. 19, 2024	Mar. 15, 2024
Major ordinary share transactions [member]
Disclosure of non-adjusting events after reporting period [line items]
ARS amount				$ 400,000,000
Initial delivery percentage of shares			20%
Dividend Transactions
Disclosure of non-adjusting events after reporting period [line items]
Authorized amount of shares to be purchased	$ 34,000,000
“B” Units | Dividend Transactions
Disclosure of non-adjusting events after reporting period [line items]
Dividend approved to be paid	0.6418	$ 0.9161
“BD” Units | Dividend Transactions
Disclosure of non-adjusting events after reporting period [line items]
Dividend approved to be paid	0.7701	1.0993
ADR | Dividend Transactions
Disclosure of non-adjusting events after reporting period [line items]
Dividend approved to be paid	$ 7.7010	$ 10.9931

Uncategorized Items - fmx-20231

Label	Element	Value
BRAZIL
Disclosure of disaggregation of revenue from contracts with customers [text block]	ifrs-full_DisclosureOfDisaggregationOfRevenueFromContractsWithCustomersExplanatory	The information sets below describe the disaggregation of revenue from external customers 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 is transferred, or over time when the services are rendered, in its entirety to the customer. Coca-Cola FEMSA Proximity Americas Division Proximity Europe Division Health Division Fuel Division Other Total 2023 2022 2021 2023 2022 2021 2023 2022 2021 2023 2022 2021 2023 2022 2021 2023 2022 2021 2023 2022 (Revised) 2021 (Revised) By geographic areas: Mexico and Central America (1) Ps. 149,362 Ps. 131,002 Ps. 115,794 Ps. 272,456 Ps. 229,331 Ps. 195,990 Ps. — Ps. — Ps. — Ps. 20,908 Ps. 21,212 Ps. 10,814 Ps. 58,499 Ps. 51,813 Ps. 39,922 Ps. 56,875 Ps. 21,280 Ps. 19,365 Ps. 558,100 Ps. 454,638 Ps. 381,885 United States (2) — — — 15 17 11 — — — — — — — — — — — — 15 17 11 South America (3) 95,726 95,738 79,010 6,049 4,610 2,585 — — — 54,450 53,588 62,213 — — — — — — 156,225 153,936 143,808 Europe — — — — — — 43,552 9,809 — — — — — — — — — — 43,552 9,809 — Total revenues 245,088 226,740 194,804 278,520 233,958 198,586 43,552 9,809 — 75,358 74,800 73,027 58,499 51,813 39,922 56,875 21,280 19,365 757,892 618,400 525,704 Consolidation adjustments 8,448 6,489 5,428 1,735 74 520 — — — 3 — — 349 311 57 44,665 14,518 14,239 55,200 21,392 20,244 Consolidated revenues 236,640 220,251 189,376 276,785 233,884 198,066 43,552 9,809 — 75,355 74,800 73,027 58,150 51,502 39,865 12,210 6,762 5,126 702,692 597,008 505,460 By products and/or services Products sold at a point-in time Ps. 245,088 Ps. 226,740 Ps. 194,804 Ps. 278,520 Ps. 233,958 Ps. 198,586 Ps. 43,552 Ps. 9,809 Ps. — Ps. 75,358 Ps. 74,800 Ps. 73,027 Ps. 57,616 Ps. 51,697 Ps. 39,585 Ps. 56,875 Ps. 21,280 Ps. 19,365 Ps. 757,009 Ps. 618,284 Ps. 525,367 Services revenues over time — — — — — — — — — — — — 883 116 337 — — — 883 116 337 Consolidation adjustments 8,448 6,489 5,428 1,735 74 520 — — — 3 — — 349 311 57 44,665 14,518 14,239 55,200 21,392 20,244 Consolidated revenues 236,640 220,251 189,376 276,785 233,884 198,066 43,552 9,809 — 75,355 74,800 73,027 58,150 51,502 39,865 12,210 6,762 5,126 702,692 597,008 505,460 (1) Central America includes Guatemala, Nicaragua, Costa Rica and Panama. Domestic (Mexico only) revenues were Ps. 456,709, Ps. 418,807 and Ps. 355,920 during the years ended December 31, 2023, 2022 and 2021, respectively. (2) In 2023 the Company finalized the merger of Envoy Solutions, LLC into BradyIFS, keeping an economic interest of 37% in IFS TopCo. The revenues from this business unit were reclassified to discontinued operations for the years ended December 31, 2023, 2022 and 2021. (3) South America includes Brazil, Argentina, Colombia, Chile, Uruguay and Ecuador. South America revenues include Brazilian revenues of Ps. 53,573, Ps. 70,737 and Ps. 59,973 during the years ended December 31, 2023, 2022 and 2021, respectively. South America revenues include Colombia’s revenues of Ps. 57,432, Ps. 45,733 and Ps. 17,548 during the years ended December 31, 2023, 2022 and 2021, respectively. South America revenues include Argentina’s revenues of Ps. 6,673, Ps. 11,034 and Ps. 8,546 during the years ended December 31, 2023, 2022 and 2021, respectively. South America revenues include Chile’s revenues of Ps. 35,437, Ps. 35,423 and Ps. 54,709 during the years ended December 31, 2023, 2022 and 2021, respectively. South America revenues include Uruguay’s revenues of Ps. 4,415, Ps. 3,886 and Ps. 3,371 during the years ended December 31, 2023, 2022 and 2021, respectively. South America revenues include Ecuador’s revenue of Ps. 8,986, Ps. 9,791 and Ps. 9,079 during the year ended in December 31, 2023, 2022 and 2021, respectively.
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 from external customers 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 is transferred, or over time when the services are rendered, in its entirety to the customer. Coca-Cola FEMSA Proximity Americas Division Proximity Europe Division Health Division Fuel Division Other Total 2023 2022 2021 2023 2022 2021 2023 2022 2021 2023 2022 2021 2023 2022 2021 2023 2022 2021 2023 2022 (Revised) 2021 (Revised) By geographic areas: Mexico and Central America (1) Ps. 149,362 Ps. 131,002 Ps. 115,794 Ps. 272,456 Ps. 229,331 Ps. 195,990 Ps. — Ps. — Ps. — Ps. 20,908 Ps. 21,212 Ps. 10,814 Ps. 58,499 Ps. 51,813 Ps. 39,922 Ps. 56,875 Ps. 21,280 Ps. 19,365 Ps. 558,100 Ps. 454,638 Ps. 381,885 United States (2) — — — 15 17 11 — — — — — — — — — — — — 15 17 11 South America (3) 95,726 95,738 79,010 6,049 4,610 2,585 — — — 54,450 53,588 62,213 — — — — — — 156,225 153,936 143,808 Europe — — — — — — 43,552 9,809 — — — — — — — — — — 43,552 9,809 — Total revenues 245,088 226,740 194,804 278,520 233,958 198,586 43,552 9,809 — 75,358 74,800 73,027 58,499 51,813 39,922 56,875 21,280 19,365 757,892 618,400 525,704 Consolidation adjustments 8,448 6,489 5,428 1,735 74 520 — — — 3 — — 349 311 57 44,665 14,518 14,239 55,200 21,392 20,244 Consolidated revenues 236,640 220,251 189,376 276,785 233,884 198,066 43,552 9,809 — 75,355 74,800 73,027 58,150 51,502 39,865 12,210 6,762 5,126 702,692 597,008 505,460 By products and/or services Products sold at a point-in time Ps. 245,088 Ps. 226,740 Ps. 194,804 Ps. 278,520 Ps. 233,958 Ps. 198,586 Ps. 43,552 Ps. 9,809 Ps. — Ps. 75,358 Ps. 74,800 Ps. 73,027 Ps. 57,616 Ps. 51,697 Ps. 39,585 Ps. 56,875 Ps. 21,280 Ps. 19,365 Ps. 757,009 Ps. 618,284 Ps. 525,367 Services revenues over time — — — — — — — — — — — — 883 116 337 — — — 883 116 337 Consolidation adjustments 8,448 6,489 5,428 1,735 74 520 — — — 3 — — 349 311 57 44,665 14,518 14,239 55,200 21,392 20,244 Consolidated revenues 236,640 220,251 189,376 276,785 233,884 198,066 43,552 9,809 — 75,355 74,800 73,027 58,150 51,502 39,865 12,210 6,762 5,126 702,692 597,008 505,460 (1) Central America includes Guatemala, Nicaragua, Costa Rica and Panama. Domestic (Mexico only) revenues were Ps. 456,709, Ps. 418,807 and Ps. 355,920 during the years ended December 31, 2023, 2022 and 2021, respectively. (2) In 2023 the Company finalized the merger of Envoy Solutions, LLC into BradyIFS, keeping an economic interest of 37% in IFS TopCo. The revenues from this business unit were reclassified to discontinued operations for the years ended December 31, 2023, 2022 and 2021. (3) South America includes Brazil, Argentina, Colombia, Chile, Uruguay and Ecuador. South America revenues include Brazilian revenues of Ps. 53,573, Ps. 70,737 and Ps. 59,973 during the years ended December 31, 2023, 2022 and 2021, respectively. South America revenues include Colombia’s revenues of Ps. 57,432, Ps. 45,733 and Ps. 17,548 during the years ended December 31, 2023, 2022 and 2021, respectively. South America revenues include Argentina’s revenues of Ps. 6,673, Ps. 11,034 and Ps. 8,546 during the years ended December 31, 2023, 2022 and 2021, respectively. South America revenues include Chile’s revenues of Ps. 35,437, Ps. 35,423 and Ps. 54,709 during the years ended December 31, 2023, 2022 and 2021, respectively. South America revenues include Uruguay’s revenues of Ps. 4,415, Ps. 3,886 and Ps. 3,371 during the years ended December 31, 2023, 2022 and 2021, respectively. South America revenues include Ecuador’s revenue of Ps. 8,986, Ps. 9,791 and Ps. 9,079 during the year ended in December 31, 2023, 2022 and 2021, respectively.