Company: BBU
Filing Date: 2025-04-10
Form Type: 20-F
Source: 0001628280-25-017216
Chunk: 486

Company: Brookfield Business Partners L.P.
Filing Date: 2025-04-10
Form: 20-F
Item: Item 19
Chunk 486
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 inputs, including assumptions concerning the amount and timing of estimated future cash flows and discount rates. In determining unobservable inputs, the partnership uses internally developed information, external research, and observable market data, as applicable, in order to develop assumptions regarding those unobservable inputs.

  F-38      Brookfield Business Partners  

Table of Contents

BROOKFIELD BUSINESS PARTNERS L. P.

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

As at December 31, 2024 and 2023 and for the years ended December 31, 2024, 2023 and 2022

The following table summarizes the valuation techniques and significant unobservable inputs used in the fair value measurement of material Level 3 financial instruments:

  (US$ MILLIONS)                                                                                                                                                                                                                                                                                                               
  Type of asset/liability                                                          Carrying value December 31, 2024               Carrying value December 31, 2023               Valuation technique(s)      Significant unobservable input(s)      Relationship of unobservable input(s) to fair value                        
  Other financial assets - secured debentures                                      $                                      74      $                                      82      Discounted cash flows       Future cash flows                      Increases (decreases) in future cash flows increase (decrease) fair value  
  Other financial assets - equity instruments designated as measured at FVOCI      $                                     204      $                                     211      Discounted cash flows       Future cash flows                      Increases (decreases) in future cash flows increase (decrease) fair value  
  Other financial assets - debt instruments measured at FVTPL                      $                                     466      $                                     450      Discounted cash flows       Future cash flows                      Increases (decreases) in future cash flows increase (decrease) fair value  
  Other financial liabilities - contingent consideration                           $                                       —      $                                     258      Discounted cash flows       Future cash flows                      Increases (decreases) in future cash flows increase (decrease) fair value  

The following table presents the change in the balance of financial assets classified as Level 3 as at December 31, 2024 and 2023:

  (US$ MILLIONS)                                                 2024                2023           
 ────────────────────────────────────────────────────────────────────────────────────────────────────
  Balance at beginning of year                                      $      828          $      692  
  Fair value change recorded in net income                         14                  57           
  Fair value change recorded in other comprehensive