| Short and Long-term Debt |
a) The Company’s short- and long-term debt consists of the following:
|
As of December 31, 2023 (Thousands of Mexican pesos)
|
|
| |
|
|
|
|
|
Currency
|
Loan
|
|
Interest rate
|
|
|
Maturity
|
|
|
Total
|
|
| |
|
|
|
|
|
|
|
|
|
|
|
Senior Notes
|
|
|
|
|
|
|
|
|
|
|
|
U.S. dollars
|
|
|
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
|
|
|
|
| |
Fixed-rate Senior notes (i)
|
|
|
3.625
|
%
|
|
|
2029
|
|
|
Ps. |
16,893,500 |
|
|
Fixed-rate Senior notes (i)
|
|
|
2.875
|
%
|
|
|
2030
|
|
|
|
16,893,500
|
|
|
Fixed-rate Senior notes (i)
|
|
|
4.700
|
%
|
|
|
2032
|
|
|
|
12,670,125
|
|
|
Fixed-rate Senior notes (i)
|
|
|
6.375
|
%
|
|
|
2035
|
|
|
|
16,578,098
|
|
|
Fixed-rate Senior notes (i)
|
|
|
6.125
|
%
|
|
|
2037
|
|
|
|
6,237,503
|
|
|
Fixed-rate Senior notes (i)
|
|
|
6.125
|
%
|
|
|
2040
|
|
|
|
33,711,148
|
|
|
Fixed-rate Senior notes (i)
|
|
|
4.375
|
%
|
|
|
2042
|
|
|
|
19,427,525
|
|
|
Fixed-rate Senior notes (i)
|
|
|
4.375
|
%
|
|
|
2049
|
|
|
|
21,116,875
|
|
| |
Subtotal U.S. dollars
|
|
|
|
|
|
|
|
|
|
Ps. |
143,528,274 |
|
|
Mexican pesos
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Commercial Paper (ii)
|
|
|
11.439
|
%
|
|
|
2024
|
|
|
Ps. |
200,000 |
|
| |
Domestic Senior notes (i)
|
|
TIIE + 0.020 |
% |
|
|
2024
|
|
|
|
1,356,693
|
|
| |
Domestic Senior notes (i)
|
|
TIIE + 0.050 |
% |
|
|
2024
|
|
|
|
1,920,231
|
|
|
Fixed-rate Senior notes (i)
|
|
|
7.125
|
%
|
|
|
2024
|
|
|
|
11,000,000
|
|
| |
Domestic Senior notes (i)
|
|
|
0.000
|
%
|
|
|
2025
|
|
|
|
5,930,385
|
|
|
Domestic Senior notes (i)
|
|
TIIE + 0.050 |
% |
|
|
2025
|
|
|
|
3,000,000
|
|
|
Domestic Senior notes (i)
|
|
TIIE + 0.300 |
% |
|
|
2025
|
|
|
|
335,731
|
|
|
Domestic Senior notes (i)
|
|
TIIE + 0.300 |
% |
|
|
2025
|
|
|
|
73,688
|
|
|
Domestic Senior notes (i)
|
|
|
9.350
|
%
|
|
|
2028
|
|
|
|
11,016,086
|
|
|
Fixed-rate Senior notes (i)
|
|
|
9.500
|
%
|
|
|
2031
|
|
|
|
17,000,000
|
|
|
Domestic Senior notes (i)
|
|
|
9.520
|
%
|
|
|
2032
|
|
|
|
14,679,166
|
|
|
Fixed-rate Senior notes (i)
|
|
|
8.460
|
%
|
|
|
2036
|
|
|
|
7,871,700
|
|
|
Domestic Senior notes (i)
|
|
|
8.360
|
%
|
|
|
2037
|
|
|
|
4,964,352
|
|
|
Domestic Senior notes (i)
|
|
|
4.840
|
%
|
|
|
2037
|
|
|
|
10,578,733
|
|
|
Subtotal Mexican pesos
|
|
|
|
|
|
|
|
|
|
Ps. |
89,926,765 |
|
|
Euros
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Commercial Paper (ii)
|
|
|
4.110% - 4.210
|
%
|
|
|
2024
|
|
|
Ps. |
9,510,854 |
|
|
Exchangeable Bond (i)
|
|
|
0.000
|
%
|
|
|
2024
|
|
|
|
37,662,984
|
|
|
Fixed-rate Senior notes (i)
|
|
|
1.500
|
%
|
|
|
2024
|
|
|
|
15,851,424
|
|
|
Fixed-rate Senior notes (i)
|
|
|
1.500
|
%
|
|
|
2026
|
|
|
|
13,986,551
|
|
|
Fixed-rate Senior notes (i)
|
|
|
0.750
|
%
|
|
|
2027
|
|
|
|
14,095,366
|
|
|
Fixed-rate Senior notes (i)
|
|
|
2.125
|
%
|
|
|
2028
|
|
|
|
11,122,292
|
|
|
Fixed-rate Senior notes (i)
|
|
|
5.250
|
%
|
|
|
2028
|
|
|
|
9,324,371
|
|
|
Subtotal euros
|
|
|
|
|
|
|
|
|
|
Ps. |
111,553,842 |
|
|
Pound Sterling
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Fixed-rate Senior notes (i)
|
|
|
5.000
|
%
|
|
|
2026
|
|
|
Ps. |
10,753,557 |
|
|
Fixed-rate Senior notes (i)
|
|
|
5.750
|
%
|
|
|
2030
|
|
|
|
13,979,625
|
|
|
Fixed-rate Senior notes (i)
|
|
|
4.948
|
%
|
|
|
2033
|
|
|
|
6,452,134
|
|
|
Fixed-rate Senior notes (i)
|
|
|
4.375
|
%
|
|
|
2041
|
|
|
|
16,130,336
|
|
|
Subtotal Pound Sterling
|
|
|
|
|
|
|
|
|
|
Ps. |
47,315,652 |
|
|
Brazilian reais
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Debentures (i)
|
|
CDI + 1.400 |
% |
|
|
2024
|
|
|
Ps. |
14,830,185 |
|
|
Debentures (i)
|
|
CDI + 1.100 |
% |
|
|
2024
|
|
|
|
3,489,455
|
|
|
Debentures (i)
|
|
CDI + 1.370 |
% |
|
|
2025
|
|
|
|
5,234,183
|
|
|
Debentures (i)
|
|
CDI + 1.350 |
% |
|
|
2026
|
|
|
|
5,234,183
|
|
|
Subtotal Brazilian reais
|
|
|
|
|
|
|
|
|
|
Ps. |
28,788,006 |
|
|
Other currencies
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Japanese yen
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
Fixed-rate Senior notes (i)
|
|
|
2.950
|
%
|
|
|
2039
|
|
|
Ps. |
1,557,115 |
|
| |
Subtotal Japanese yen
|
|
|
|
|
|
|
|
|
|
Ps. |
1,557,115 |
|
|
Chilean pesos
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
Fixed-rate Senior notes (i)
|
|
|
4.000
|
%
|
|
|
2035
|
|
|
Ps. |
3,541,257 |
|
| |
|
|
|
|
|
|
|
|
|
|
Ps. |
3,541,257 |
|
|
Subtotal other currencies
|
|
|
|
|
|
|
|
|
|
Ps. |
5,098,372 |
|
|
Lines of Credit and others
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Euros
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
Lines of credit (iii)
|
|
Euribor 1M + 1.3% & 4.320%
|
|
|
|
2024 - 2028
|
|
|
Ps. |
10,443,291 |
|
|
Mexican pesos
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
Lines of credit (iii)
|
|
TIIE + 0.300% - TIIE + 0.790%
|
|
|
|
2024
|
|
|
|
52,680,000
|
|
|
Peruvian Soles
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Lines of credit (iii)
|
|
|
7.830% - 8.010
|
%
|
|
|
2024
|
|
|
|
11,342,850
|
|
| |
Subtotal Lines of Credit and others
|
|
|
|
|
|
|
|
|
|
Ps. |
74,466,141 |
|
| |
Total debt
|
|
|
|
|
|
|
|
|
|
Ps. |
500,677,052 |
|
| |
Less: Short-term debt and current portion of long-term debt
|
|
|
|
|
|
|
|
|
|
Ps. |
160,963,603 |
|
|
Long-term debt
|
|
|
|
|
|
|
|
|
|
Ps. |
339,713,449 |
|
|
As of December 31, 2024 (Thousands of Mexican pesos)
|
|
| |
|
|
Currency
|
Loan
|
|
Interest rate
|
|
|
Maturity
|
|
Total
|
|
| |
|
|
|
|
|
|
|
|
|
|
Senior Notes
|
|
|
|
|
|
|
|
|
|
|
U.S. dollars
|
|
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
|
|
|
|
Fixed-rate Senior notes (i)
|
|
|
5.125
|
%
|
|
|
2028
|
|
Ps.
|
|
|
4,143,002 |
|
|
Fixed-rate Senior notes (i)
|
|
|
6.375
|
%
|
|
|
2028
|
|
|
|
|
4,676,086
|
|
|
Fixed-rate Senior notes (i)
|
|
|
4.375
|
%
|
|
|
2029
|
|
|
|
|
2,402,000
|
|
|
Fixed-rate Senior notes (i)
|
|
|
3.625
|
%
|
|
|
2029
|
|
|
|
|
20,268,300
|
|
|
Fixed-rate Senior notes (i)
|
|
|
2.875
|
%
|
|
|
2030
|
|
|
|
|
20,268,300
|
|
|
Fixed-rate Senior notes (i)
|
|
|
4.700
|
%
|
|
|
2032
|
|
|
|
|
15,201,225
|
|
|
Fixed-rate Senior notes (i)
|
|
|
6.375
|
%
|
|
|
2035
|
|
|
|
|
19,889,891
|
|
|
Fixed-rate Senior notes (i)
|
|
|
6.125
|
%
|
|
|
2037
|
|
|
|
|
7,483,563
|
|
|
Fixed-rate Senior notes (i)
|
|
|
6.125
|
%
|
|
|
2040
|
|
|
|
|
40,445,595
|
|
|
Fixed-rate Senior notes (i)
|
|
|
4.375
|
%
|
|
|
2042
|
|
|
|
|
23,308,545
|
|
|
Fixed-rate Senior notes (i)
|
|
|
4.375
|
%
|
|
|
2049
|
|
|
|
|
25,335,375
|
|
|
|
|
|
|
|
|
|
|
|
Ps.
|
|
|
183,421,882 |
|
|
Mexican pesos
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Commercial Paper (ii)
|
|
|
10.420% - 11.530
|
%
|
|
|
2025
|
|
Ps.
|
|
|
6,500,597 |
|
|
Domestic Senior notes (i)
|
|
|
0.000
|
%
|
|
|
2025
|
|
|
|
|
6,201,365
|
|
|
Domestic Senior notes (i)
|
|
TIIE + 0.050
% |
|
|
|
2025
|
|
|
|
|
3,000,000
|
|
|
Domestic Senior notes (i)
|
|
TIIE + 0.300
% |
|
|
|
2025
|
|
|
|
|
409,418
|
|
|
Domestic Senior notes (i)
|
|
|
9.350
|
%
|
|
|
2028
|
|
|
|
|
11,016,086
|
|
|
Fixed-rate Senior notes (i)
|
|
|
10.125
|
%
|
|
|
2029
|
|
|
|
|
17,500,000
|
|
|
Fixed-rate Senior notes (i)
|
|
|
9.500
|
%
|
|
|
2031
|
|
|
|
|
17,000,000
|
|
|
Domestic Senior notes (i)
|
|
|
9.520
|
%
|
|
|
2032
|
|
|
|
|
14,679,166
|
|
|
Fixed-rate Senior notes (i)
|
|
|
10.300
|
%
|
|
|
2034
|
|
|
|
|
20,000,000
|
|
|
Fixed-rate Senior notes (i)
|
|
|
8.460
|
%
|
|
|
2036
|
|
|
|
|
7,871,700
|
|
|
Domestic Senior notes (i)
|
|
|
8.360
|
%
|
|
|
2037
|
|
|
|
|
4,964,352
|
|
|
Domestic Senior notes (i)
|
|
|
4.840
|
%
|
|
|
2037
|
|
|
|
|
11,062,112
|
|
|
Subtotal Mexican pesos
|
|
|
|
|
|
|
|
|
Ps.
|
|
|
120,204,796 |
|
|
Euros
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Commercial Paper (ii) |
|
|
2.87% - 3.84
|
%
|
|
|
2025
|
|
|
|
|
26,158,406 |
|
|
Fixed-rate Senior notes (i)
|
|
|
1.500
|
%
|
|
|
2026
|
|
|
|
|
15,745,429
|
|
|
Fixed-rate Senior notes (i)
|
|
|
0.750
|
%
|
|
|
2027
|
|
|
|
|
15,867,928
|
|
|
Fixed-rate Senior notes (i)
|
|
|
2.125
|
%
|
|
|
2028
|
|
|
|
|
12,520,975
|
|
|
Fixed-rate Senior notes (i)
|
|
|
5.250
|
%
|
|
|
2028
|
|
|
|
|
10,496,953
|
|
|
Floating-rate Senior notes (i)
|
|
Euribor 3M + 1.050
%
|
|
|
|
2028
|
|
|
|
|
3,778,901
|
|
|
Subtotal euros
|
|
|
|
|
|
|
|
|
Ps.
|
|
|
84,568,592 |
|
|
Pound Sterling
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Fixed-rate Senior notes (i) |
|
|
5.000
|
%
|
|
|
2026
|
|
Ps.
|
|
|
12,687,956 |
|
|
Fixed-rate Senior notes (i)
|
|
|
5.750
|
%
|
|
|
2030
|
|
|
|
|
16,494,343
|
|
|
Fixed-rate Senior notes (i)
|
|
|
4.948
|
%
|
|
|
2033
|
|
|
|
|
7,612,773
|
|
|
Fixed-rate Senior notes (i)
|
|
|
4.375
|
%
|
|
|
2041
|
|
|
|
|
19,031,934
|
|
|
Subtotal Pound Sterling
|
|
|
|
|
|
|
|
|
Ps.
|
|
|
55,827,006 |
|
|
Brazilian reais
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Debentures (i)
|
|
CDI + 1.37
% |
|
|
|
2025
|
|
Ps.
|
|
|
4,909,719 |
|
|
Debentures (i)
|
|
CDI + 1.35
% |
|
|
|
2026
|
|
|
|
|
4,909,719
|
|
|
Debentures (i)
|
|
CDI + 1.20
% |
|
|
|
2027
|
|
|
|
|
9,819,437
|
|
|
Debentures (i)
|
|
CDI + 0.55
% |
|
|
|
2028
|
|
|
|
|
4,909,719
|
|
|
Debentures (i)
|
|
IPCA + 5.7687
% |
|
|
|
2029
|
|
|
|
|
8,182,864
|
|
|
Subtotal Brazilian reais
|
|
|
|
|
|
|
|
|
Ps.
|
|
|
32,731,458 |
|
|
Other currencies
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Japanese yen
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Fixed-rate Senior notes (i)
|
|
|
2.950
|
%
|
|
|
2039
|
|
Ps.
|
|
|
1,674,427 |
|
|
Chilean pesos
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Fixed-rate Senior notes (i)
|
|
|
4.000
|
%
|
|
|
2035
|
|
Ps.
|
|
|
3,907,036 |
|
|
Subtotal other currencies
|
|
|
|
|
|
|
|
|
Ps.
|
|
|
5,581,463 |
|
|
Lines of Credit and others
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Euros
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Lines of credit (iii)
|
|
Euribor 3M + 1.300
% |
|
|
|
2028
|
|
Ps.
|
|
|
6,088,232 |
|
|
Mexican pesos
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Lines of credit (iii)
|
|
TIIE + 0.400% - 0.790
% |
|
|
|
2025
|
|
|
|
|
10,380,000
|
|
|
U.S. dollars
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Lines of credit (iii)
|
|
SOFR 1M + 0.400% - 0.550% & 6.750
% |
|
|
|
2025 - 2029
|
|
|
|
|
23,511,228
|
|
|
Peruvian Soles
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Lines of credit (iii)
|
|
|
5.080% - 6.150
|
%
|
|
|
2025
|
|
|
|
|
21,298,150
|
|
|
Colombian pesos
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Lines of credit (iii) |
|
IBR 1M + 0.560% - 2.550% & IBR 3M + 0.560
% |
|
|
|
2025 - 2026
|
|
|
|
|
17,008,428
|
|
|
Chilean pesos
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Lines of credit (iii)
|
|
TAB 30 + 3.35% & TAB 180 + 0.600% - 0.750
% |
|
|
|
2025 - 2026
|
|
|
|
|
6,526,415
|
|
|
Financial leases
|
|
|
8.270% - 8.970
|
%
|
|
|
2027
|
|
|
|
|
22,052
|
|
|
Dominican pesos
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Lines of credit (iii)
|
|
|
10.900% - 13.250
|
%
|
|
|
2025 - 2026
|
|
|
|
|
415,929
|
|
|
Subtotal Lines of Credit and others
|
|
|
|
|
|
|
|
|
Ps.
|
|
|
85,250,434 |
|
|
Total debt
|
|
|
|
|
|
|
|
|
Ps.
|
|
|
567,585,631 |
|
|
Less: Short-term debt and current portion of long-term debt
|
|
|
|
|
|
|
|
|
Ps.
|
|
|
104,210,738 |
|
|
Long-term debt
|
|
|
|
|
|
|
|
|
Ps.
|
|
|
463,374,893 |
|
|