Company: BBU
Filing Date: 2025-04-10
Form Type: 20-F
Source: 0001628280-25-017216
Chunk: 512

Company: Brookfield Business Partners L.P.
Filing Date: 2025-04-10
Form: 20-F
Item: Item 19
Chunk 512
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 respect to litigation and claims that arise in the normal course of operations. It is not expected that any of the ongoing litigation and claims as at December 31, 2024 could result in a material settlement liability to the partnership.

NOTE 24. CONTRACTUAL COMMITMENTS

(a) Commitments

Within the partnership’s infrastructure services segment, the partnership had $ 726 2

  Brookfield Business Partners      F-65  

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

(b) Lease liabilities

The following table summarizes the partnership’s undiscounted maturity schedule for lease obligations as at December 31, 2024 and 2023:

  (US$ MILLIONS)         2024                 2023             
 ───────────────────────────────────────────────────────────────
  Lease obligations                                            
  Less than 1 year       $           223      $           307  
  1 to 5 years           547                  841              
  5+ years               502                  696              
  Total                  $         1,272      $         1,844  

NOTE 25. REVENUES

(a) Revenues by type

The following tables summarize the partnership’s segment revenues by type of revenue for the years ended December 31, 2024, 2023 and 2022:

                                              Year ended December 31, 2024                                                                                               
  (US$ MILLIONS)                              Business services                             Infrastructure services                 Industrials                          
  Revenues by type                                                                                                                                                       
 ─────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────
  Revenues from contracts with customers      $                                 20,621      $                            2,342      $                14,418      37,381  
  Other revenues                                                                 1,828                                   1,397      14                            3,239  
  Total revenues                              $                                 22,449      $                            3,739      $                14,432      40,620  

                                              Year ended December 31, 2023                                                                                               
  (US$ MILLIONS)                              Business services                             Infrastructure services                 Industrials                          
  Revenues by type                                                                                                                                                       
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