v3.26.1
Equity Method Accounted Investees (Tables)
 12 Months Ended
Dec. 31, 2025
Investments in subsidiaries, joint ventures and associates reported in separate financial statements [abstract]  
Summary of Equity Accounted Investees
As of December 31, 2025 and 2024, Company’s equity method accounted investees are as follows:

Ownership PercentageCarrying Value
Investee    Principal Activity    Place of Incorporation    December 31, 2025December 31, 2024December 31, 2025December 31, 2024
IFS TopCo LLC (1)
DistributionUnited States37.1%37.1%14,19217,356
Coca-Cola FEMSA:   
Joint ventures:   
Dispensadoras de Café, S.A.P.I. de C.V. Services Mexico 100.0%50.0%—239
Fountain Agua Mineral, L.T.D.A. Beverages Brazil 50.0%50.0%962818
Planta Nueva Ecología de Tabasco, S.A. de C.V.RecyclingMexico50.0%50.0%1,2471,392
Associates:   
Promotora Industrial Azucarera, S.A. de C.V. (“PIASA”) Sugar productionMexico 36.4%36.4%3,8713,654
Industria Envasadora de Querétaro, S.A. de C.V. (“IEQSA”) Canned bottling Mexico 26.5%26.5%210195
Industria Mexicana de Reciclaje, S.A. de C.V. (“IMER”) Recycling Mexico 35.0%35.0%7991
Jugos del Valle, S.A.P.I. de C.V. Beverages Mexico 28.2%28.2%3,7933,466
Leao Alimentos e Bebidas, L.T.D.A. Beverages Brazil 25.1%25.1%268212
Alimentos de Soja S.A.U.BeveragesArgentina10.7%10.7%2648
Other investments in Coca-Cola FEMSA Various Various VariousVarious132118
Proximity Americas Division:   
Joint ventures:
Raizen Conveniências Proximity Brazil 50.0%50.0%771929
Other investments (1) (2)
 Various Various VariousVarious175179
Ps.25,726Ps.28,697
(1)Associate.
(2)Joint ventures.
Summary of Reconciliation from Equity of Associate to Investment of Company
Reconciliation from the equity of the associate IFS TopCo LLC to the investment of the Company.

December 31, 2025December 31, 2024
Amounts in millionsPesoU.S. dollarsPesoU.S. dollars
Equity attributable to the equity interest in IFS TopCoPs.33,614$.1,871Ps.41,564$.2,051
Economic ownership percentage%37.08%37.08%37.08%37.08
Investment in IFS TopCo investment exclusive of goodwillPs.12,465$.694Ps.15,413$.760
Goodwill allocated1,727961,94396
IFS TopCo investment (1)
Ps.14,192$.790Ps.17,356$.856
(1)IFS TopCo purchase price allocation was finalized during the twelve-month remeasurement period after the acquisition date.
Summary of Company's Share of Other Comprehensive Income from Equity Investees, Net of Taxes
For the year ended December 31, 2025, 2024 and 2023, the Company’s share of other comprehensive income from equity investees, net of taxes are as follows:
    202520242023
Items that may be reclassified to consolidated net income: 
Valuation of the effective portion of derivative financial instruments Ps.—Ps.(32)Ps.(526)
Exchange differences on translating foreign operations (55)292 6,623
Total Ps.(55)Ps.260 Ps.6,097
Items that may not be reclassified to consolidated net income in subsequent periods: 
Remeasurements of the net defined benefit liability Ps.—Ps.— Ps.897