Company: LILA
Filing Date: 2025-05-07
Form Type: 10-Q
Source: 0001712184-25-000094
Chunk: 23

Company: Liberty Latin America Ltd.
Filing Date: 2025-05-07
Form: 10-Q
Item: Item 2
Chunk 23
---
)(3.6)(7.2)Weather Derivatives (c)(8.2)(7.6)Total$(62.9)$46.4 

(a)The gains (losses) during the three months ended March 31, 2025 and 2024 are primarily attributable to changes in interest rates.

(b)The losses during the three months ended March 31, 2025 and 2024 are primarily attributable to changes in the value of the CRC relative to the U.S. dollar.

(c)Amounts represent the amortization of premiums associated with our Weather Derivatives.

For additional information concerning our derivative instruments, see notes 3 and 6 to our condensed consolidated financial statements and Item 3. Quantitative and Qualitative Disclosures about Market Risk below.

Foreign currency transaction gains or losses, net

Our foreign currency transaction gains or losses primarily result from the remeasurement of monetary assets and liabilities that are denominated in currencies other than the underlying functional currency of the applicable entity. Unrealized foreign currency transaction gains or losses are computed based on period-end exchange rates and are non-cash in nature until such time as the amounts are settled. The details of our foreign currency transaction gains (losses), net, are as follows:

 Three months ended March 31, 20252024 in millionsU.S. dollar-denominated debt issued by non-U.S. dollar functional currency entities (a)$8.2 $18.6 Intercompany payables and receivables denominated in a currency other than the entity’s functional currency(2.8)3.9 Other (b)(9.6)0.8 Total$(4.2)$23.3 

(a)    The changes are primarily related to a CRC functional currency entity.

(b)    Primarily includes (i) third-party receivables and payables denominated in a currency other than an entity’s functional currency and (ii) cash denominated in a currency other than an entity’s functional currency.

51

Gains or losses on debt extinguishment, net

Our gains or losses on debt extinguishment generally include (i) premiums or discounts associated with redemptions and/or repurchases of debt, (ii) the write-off of unamortized deferred financing costs, premiums and/or discounts and/or (iii) breakage fees.

We recognized losses on debt extinguishment, net, of $14 million and $0.3 million during the three months ended