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Notes to the consolidated financial statements
During2011,followingtherequirednoticestotheplans’trustees,CEMEXsettleditsdenedbenetpensionplansintheRepublicofIreland.
Asaresult,theavailableassetswereusedtoprovidebeneciaries’entitlementsinaccordancewiththeagreementreachedwiththeplans’
trustees.Asofthewind update,thetotaldecitinthese schemeswasapproximately€15 (US$19or$266).As partofthewind up
agreementtosettlethisliability,CEMEXagreedtomakecontributionsofapproximately€11,ofwhichapproximately€10willbepaidover
thenext20yearssubjecttoacompoundannualinterestrateof3%fromthedateofwinduptothedateofpayment.CEMEXgranted
securityovercertainnon-operatingassetsforthispayment.Thewindupgaverisetoasettlementgainin2011ofapproximately€4(US$6
or$70),andtheremainingliabilityasofDecember31,2011ofapproximately€10(US$13or$181)wasreclassiedtoothercurrentand
non-currentliabilities,asappropriate.
During2012,inPuertoRico,CEMEXeliminatedcoverageunderthemedicalplanforanyparticipantswhohadnotretiredbyJanuary2,2012.
Thiseventgeneratedacurtailmentgainofapproximately$18recognizedaspartofthenetperiodiccost.Thenetperiodiccostfor2011
reectsacurtailmentgainofapproximately$107relatedtothesignicantdecreaseinthenumberofactiveparticipantsintheMexican
plans,ofwhichapproximately$97refertootherpostretirementbenets.
Sensitivity analysis of pension and other postretirement benets
FortheyearendedDecember31,2013,CEMEXperformedsensitivityanalysesonthemostsignicantassumptionsthataffectthePBO,
consideringreasonableindependentchangesofplusorminus50basispointsineachoftheseassumptions.Theincrease(decrease)that
wouldhaveresultedinthePBOofpensionsandotherpostretirementbenetsasofDecember31,2013areshownbelow:
Pensions Other benets Total
+50 bps -50 bps +50 bps -50 bps +50 bps -50 bps
Assumptions:
DiscountRateSensitivity $ (2,166) 2,418 (94) 35 (2,260) 2,453
SalaryIncreaseRateSensitivity  36 (29) 13 (12) 49 (41)
PensionIncreaseRateSensitivity  1,567 (1,456) – – 1,567 (1,456)
19) Income taxes
19A) Income taxes for the period
Theamountsforincometax(expense)incometothestatementsofoperationsin2013,2012and2011aresummarizedasfollows:
2013 2012 2011
Current income taxes
FromMexicanoperations $ (12,227) 1,825 (11,010)
 Fromforeignoperations (2,013) 4,377 (3,326)
   (14,240) 6,202 (14,336)
Deferred income taxes
 FromMexicanoperations 8,645 1,276 327
 Fromforeignoperations (615) (13,521) 1,874
   8,030 (12,245) 2,201
   $ (6,210) (6,043) (12,135)
AsofDecember31,2013,consolidatedtaxlossandtaxcreditscarryforwardsandreservedcarryforwardsexpireasfollows:
Amount of Amount of reserved
carryforwards carryforwards
2014  $ 1,635 455
2015  3,793 241
2016  2,603 658
2017  3,385 453
2018andthereafter  353,187 274,656
   $ 364,603 276,463
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