Company: LBTYK
Filing Date: 2025-05-02
Form Type: 10-Q
Source: 0001570585-25-000114
Chunk: 20

Company: Liberty Global Ltd.
Filing Date: 2025-05-02
Form: 10-Q
Item: Item 2
Chunk 20
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 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 endedMarch 31, 20252024 in millionsIntercompany balances denominated in a currency other than the entity’s functional currency (a)$(1,226.7)$635.8 U.S. dollar-denominated debt issued by euro functional currency entities145.8 (82.0)Cash and restricted cash denominated in a currency other than the entity’s functional currency(0.2)5.1 Other0.1 0.4 Total$(1,081.0)$559.3 _______________ 

(a)Amounts primarily relate to loans between certain of our non-operating subsidiaries in Europe.

Realized and unrealized gains due to changes in fair values of certain investments, net 

Our realized and unrealized gains or losses due to changes in fair values of certain investments include unrealized gains or losses associated with changes in fair values that are non-cash in nature until such time as these gains or losses are realized through cash transactions. For additional information regarding our investments and fair value measurements, see notes 5 and 7, respectively, to our condensed consolidated financial statements. The details of our realized and unrealized gains due to changes in fair values of certain investments, net, are as follows:

 Three months endedMarch 31, 20252024 in millionsVodafone$63.7 $48.2 ITV36.7 50.0 Televisa Univision(14.0)9.5 EdgeConneX(11.3)71.8 SMAs(3.3)19.3 Aviatrix0.2 (14.3)Lacework (a)— (67.6)Other, net(16.2)(3.8)Total$55.8 $113.1 

______________

(a)We completed the sale of our investment in Lacework during the third quarter of 2024.

Losses on debt extinguishment, net 

We recognized a net loss on debt extinguishment of $8.0 million during the three months ended March 31, 2025 related to the write-off of unamortized deferred financing costs and discounts. For additional information, see note 9 to our condensed consolidated financial statements.

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