Company: BBU
Filing Date: 2025-04-10
Form Type: 20-F
Source: 0001628280-25-017216
Chunk: 514

Company: Brookfield Business Partners L.P.
Filing Date: 2025-04-10
Form: 20-F
Item: Item 19
Chunk 514
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1,233                                   2,754                        6,300      10,287  
  Europe                                                                               2,867                                   1,770                        3,190       7,827  
  Australia                                                                            4,323      226                                     137                           4,686  
  Brazil                                            228                                           112                                                       1,955       2,295  
  Canada                                                                               3,185      165                                     730                           4,080  
  Mexico                                            —                                             —                                       941                                  
  Other                                             856                                           599                                                       1,477       2,932  
  Total revenues from contracts with customers      $                                 33,631      $                            6,118      $                15,059      54,808  
  Other revenues                                    $                                  1,155      $                            1,406      $                    16       2,577  
  Total revenues                                    $                                 34,786      $                            7,524      $                15,075      57,385  

(d) Lease income

Total lease income from operating leases totaled $ 1,694 1,526 The following table presents the undiscounted contractual earnings receivable of the partnership’s leases by expected period of receipt as at December 31, 2024 and 2023:

  (US$ MILLIONS)                 2024                 2023             
 ───────────────────────────────────────────────────────────────────────
  Lease earnings receivable                                            
  Less than 1 year               $           964      $           683  
  2 to 5 years                   954                            1,344  
  5+ years                       195                  217              
  Total                          $         2,113      $         2,244  

(e) Remaining performance obligations

Business services

In the partnership’s construction operation business, backlog is defined as revenue yet to be delivered (i. e. remaining performance obligations) on construction projects that have been secured via an executed contract or work order. As at December 31, 2024, the partnership’s backlog of construction projects was approximately $ 5.7 6.2 2 5

The partnership’s dealer software and technology services operation had remaining performance obligations related to its long-term software and maintenance and support contracts of approximately $ 3.0 2.3 2 5

Industrials

The partnership’s Brazilian water and wastewater operation business