Company: LILA
Filing Date: 2025-11-05
Form Type: 10-Q
Source: 0001712184-25-000179
Chunk: 34

Company: Liberty Latin America Ltd.
Filing Date: 2025-11-05
Form: 10-Q
Item: Item 2
Chunk 34
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 are as follows:

 Three months ended September 30,Nine months ended September 30, 2025202420252024 in millionsInterest rate derivative contracts (a)$(0.4)$(64.2)$(68.3)$21.7 Foreign currency forward contracts (b)(2.6)(3.1)(6.1)(3.8)Weather Derivatives (c)(6.6)36.0 (22.8)21.1 Total$(9.6)$(31.3)$(97.2)$39.0 

(a)The gains (losses) during the three and nine months ended September 30, 2025 and 2024 are primarily attributable to changes in interest rates.

(b)The losses during the three and nine months ended September 30, 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 and, for the 2024 periods, a gain associated with the receipt of $44 million in net third-party proceeds from the Hurricane Beryl settlement, as further described in note 6 to our condensed consolidated financial statements.

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 losses, net, are as follows:

 Three months ended September 30,Nine months ended September 30, 2025202420252024 in millionsU.S. dollar-denominated debt issued by non-U.S. dollar functional currency entities (a)$2.3 $5.3 $4.2 $1.2 Intercompany payables and receivables denominated in a currency other than the entity’s functional currency2.0 (7.9)(11.7)(19.7)Other (b)(13.1)(5.0)(38.5)(12.2