Company: LILA
Filing Date: 2025-02-19
Form Type: 10-K
Source: 0001712184-25-000031
Chunk: 175

Company: Liberty Latin America Ltd.
Filing Date: 2025-02-19
Form: 10-K
Item: Item 9C
Chunk 175
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169 million, which is net of the recognition of a cumulative foreign currency translation loss of $17 million. The gain is a result of a minimal estimated fair value of our investment in the Chile JV at formation and the negative net carrying value of the Chile JV Entities at the time of closing, and is net of a $50 million contribution that was provided to the Chile JV near the time of closing for working capital purposes. In determining the value of the Chile JV, we considered certain qualitative and quantitative information available, including negative cash flows of the Chile JV and the significant discount in the fair value of the Chile JV’s debt in relation to its par value.

During the fourth quarter of 2024, our interest in the Chile JV was reduced to less than 10% upon the conversion by América Móvil of its outstanding convertible notes. The conversion did not have a material impact to our consolidated financial statements. At December 31, 2024, we account for our interest in the Chile JV as a cost method investment. 

II-62

Liberty Latin America Ltd.Notes to Consolidated Financial Statements – (Continued)December 31, 2024, 2023 and 2022

(7)    Derivative Instruments

In general, we seek to enter into derivative instruments to protect against (i) increases in the interest rates on our variable-rate debt and (ii) foreign currency movements.The following table provides details of the fair values of our derivative instrument assets and liabilities: December 31, 2024December 31, 2023 CurrentLong-term (a)TotalCurrentLong-term (a)Total in millionsAssets (b):Interest rate derivative contracts$81.3 $109.2 $190.5 $91.9 $157.4 $249.3 Other— — — 0.1 — 0.1 Total$81.3 $109.2 $190.5 $92.0 $157.4 $249.4 Liabilities (b):Interest rate derivative contracts$38.0 $8.5 $46.5 $8.2 $30.6 $38.8 Foreign currency forward contracts10.6 — 10.6 16.8 4.0 20.8 Total$48.6 $8.5 $57.1 $25.0 $34.