MEXICAN ECONOMIC DEVELOPMENT INC (ifrs-full:DisclosureOfDetailedInformationAboutBorrowingsExplanatory)


(in millions	At December 31,⁽¹⁾											2023 and		Carrying Value at December 31,			Fair Value at December 31,		Carrying Value at December 31,
of Mexican pesos)	2018			2019		2020		2021		2022		Thereafter		2017			2017		2016⁽¹⁾
Short-term debt:
Fixed rate debt:
Argentine pesos
Bank loans		106			—		—		—		—		—		106			107		644
Interest rate		22.4	%		—		—		—		—		—		22.4	%		—		32.0	%
Chilean pesos
Bank loans		770			—		—		—		—		—		770			770		338
Interest rate		3.1	%		—		—		—		—		—		3.1	%		—		4.3	%
U.S. dollars
Bank loans		—			—		—		—		—		—		—			—		206
Interest rate		—			—		—		—		—		—		—			—		3.4	%
Variable rate debt:
Colombian pesos
Bank loans		1,951			—		—		—		—		—		1,951			1,949		723
Interest rate		7.3	%		—		—		—		—		—		7.3	%		—		9.1	%
Chilean pesos
Bank loans		3			—		—		—		—		—		3			3		1
Interest rate		6.1	%		—		—		—		—		—		6.1	%		—		10.0	%

Total short-term debt	Ps.	2,830		Ps.	—	Ps.	—	Ps.	—	Ps.	—	Ps.	—	Ps.	2,830		Ps.	2,829	Ps.	1,912


(in millions	At December 31,⁽¹⁾															2023 and			Carrying Value at December 31,			Fair Value at December 31,		Carrying Value at December 31,
of Mexican pesos)	2018			2019			2020			2021			2022			Thereafter			2017			2017		2016⁽¹⁾
Long-term debt:
Fixed rate debt:
Euro
Senior unsecured notes		Ps. —			Ps. —			Ps. —			Ps. —			Ps. —			Ps. 23,449			Ps. 23,449			Ps. 24,697		Ps. 21,627
Interest rate		—			—			—			—			—			1.8	%		1.8	%				1.8	%
U.S. dollars
Yankee bond		8,774			—			9,844			—			—			29,425			48,043			51,938		61,703
Interest rate		2.4	%		—			4.6	%		—			—			4.4	%		4.1	%				3.8	%
Bank of NY (FEMSA USD 2023)		—			—			—			—			—			5,852			5,852			5,870		6,117
Interest rate ⁽¹⁾		—			—			—			—			—			2.9	%		2.9	%		—		2.9	%
Bank of NY (FEMSA USD 2043)		—			—			—			—			—			13,510			13,510			14,539		14,128
Interest rate ⁽¹⁾		—			—			—			—			—			4.4	%		4.4	%		—		4.4	%
Finance leases		6			5			2			—			—			—			13			13		20
Interest rate ⁽¹⁾		4.0	%		3.8	%		3.5	%		—			—			—			3.8	%		—		3.9	%
Mexican pesos
Units of investment (UDIs)		—			—			—			—			—			—			—			—		3,245
Interest rate		—			—			—			—			—			—			—			—		4.2	%
Domestic senior notes		—			—			—			2,498			—			15,981			18,479			17,035		9,991
Interest rate		—			—			—			8.3	%		—			6.7	%		6.9	%		—		6.2	%
BBrazilian reais
Bank loans		391			247			152			92			78			73			1,033			1,055		742
Interest rate		5.7	%		5.8	%		5.8	%		5.8	%		5.8	%		5.8	%		5.7	%		—		5.3	%
Notes payable⁽²⁾		—			6,707			—			—			—			—			6,707			6,430		7,022
Interest rate		—			0.4	%		—			—			—			—			0.4	%		—		0.4	%
Chilean pesos
Bank loans		40			—			—			—			—			—			40			40		164
Interest rate		7.9	%		—			—			—			—			—			7.9	%		—		7.0	%
Finance leases		27			28			26			17			—			—			98			98		114
Interest rate		3.8	%		3.7	%		3.4	%		3.2	%		—			—			3.5	%		—		3.4	%
Colombian pesos
Bank loans		728			—			—			—			—			—			728			741		758
Interest rate		9.6	%		—			—			—			—			—			9.6	%		—		9.6	%
Finance leases		6			6			5			—			—			—			17			17		—
Interest rate		4.0	%		4.0	%		4.0	%		—			—			—			4.2	%		—		—
Subtotal		Ps. 9,972			Ps. 6,993			Ps. 10,029			Ps. 2,607			Ps. 78			Ps. 88,290			Ps. 117,969			Ps. 122,473		Ps. 125,631

(1)	All interest rates shown in this table are weighted average contractual annual rates.


(in millions	At December 31,⁽¹⁾															2023 and			Carrying Value at December 31,			Fair Value at December 31,		Carrying Value at December 31,
of Mexican pesos)	2018			2019			2020			2021			2022			Thereafter			2017			2017		2016⁽¹⁾
Variable rate debt:
U.S. dollars
Bank loans	Ps.	—		Ps.	—		Ps.	—		Ps.	4,032		Ps.	—		Ps.	—		Ps.	4,032		Ps.	4,313	Ps.	4,218
Interest rate ⁽¹⁾		—			—			—			2.1	%		—			—			2.1	%		—		1.6	%
Mexican pesos
Domestic senior notes		—			—			—			—			1,496			—			1,496			1,500		—
Interest rate ⁽¹⁾		—			—			—			—			7.7	%		—			7.7	%		—		—
Argentine pesos
Bank loans		—			—			—			—			—			—			—			—		40
Interest rate		—			—			—			—			—			—			—					27.8	%
Brazilian reais
Bank loans		284			284			229			66			7			—			870			883		1,864
Interest rate		8.5	%		8.5	%		8.5	%		8.5	%		8.5	%		—			8.5	%		—		5.5	%
Notes payable		10			5			—			—			—			—			15			14		26
Interest rate		0.4	%		0.4	%		—			—			—			—			0.4	%		—		0.4	%
Colombian pesos
Bank loans		—			—			—			—			—			—			—			—		1,206
Interest rate		—			—			—			—			—			—			—			—		9.6	%
Chilean pesos
Bank loans		494			664			1,110			732			751			385			4,136			4,135		4,351
Interest rate		4.3	%		4.2	%		4.1	%		4.0	%		4.1	%		3.9	%		4.1	%		—		3.7	%

Subtotal	Ps.	788		Ps.	953		Ps.	1,339		Ps.	4,830		Ps.	2,254		Ps.	385		Ps.	10,549		Ps.	10,845	Ps.	11,705

Total long-term debt	Ps.	10,760		Ps.	7,946		Ps.	11,368		Ps.	7,437		Ps.	2,332		Ps.	88,675		Ps.	128,518		Ps.	133,318	Ps.	137,336

Current portion of long term debt																				(10,760	)				(5,369	)

																			Ps.	117,758				Ps.	131,967

(1)	All interest rates shown in this table are weighted average contractual annual rates.

(2)

Promissory note denominated and payable in Brazilian reais; however, it is linked to the performance of the exchange rate between the Brazilian real and the U.S. dollar. As a result, the principal amount under the promissory note may be increased or reduced based on the depreciation or appreciation of the Brazilian real relative to the U.S. dollar.

MEXICAN ECONOMIC DEVELOPMENT INC | CIK:0001061736 |

ifrs-full:DisclosureOfDetailedInformationAboutBorrowingsExplanatory