Company: BBU
Filing Date: 2025-04-10
Form Type: 20-F
Source: 0001628280-25-017216
Chunk: 494

Company: Brookfield Business Partners L.P.
Filing Date: 2025-04-10
Form: 20-F
Item: Item 19
Chunk 494
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 using value-in-use based on discounted cash flow models incorporating significant unobservable inputs. The estimates regarding expected future cash flows and discount rates are level 3 fair value inputs based on various assumptions including reserve quantities, discount rates and long-term commodity prices.

  F-48      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 carrying value and depreciation/impairment expense of right-of-use assets along with the carrying value of assets subject to operating leases in which the partnership is a lessor as at December 31, 2024 and2023 are outlined below, by class of underlying asset:

                                          Year ended December 31, 2024                                                                                           
  (US$ MILLIONS)                          Land                              Buildings      Machinery and equipment                 Other      Total              
 ─────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────
  Lessee                                                                                                                                                         
  Right-of-use assets                     $                                 $              $                              174      $          $             874  
  Depreciation/impairment expense         ( 6)                              ( 137)         ( 107)                                  ( 9)       ( 259)             
  Lessor                                                                                                                                                         
  Assets subject to operating leases      —                                 15                                          2,587      —                      4,976  

                                          Year ended December 31, 2023                                                                                           
  (US$ MILLIONS)                          Land                              Buildings      Machinery and equipment                 Other      Total              
 ─────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────
  Lessee                                                                                                                                                         
  Right-of-use assets                     $                                 $              $                              503      $          $           1,296  
  Depreciation/impairment expense         ( 7)                              ( 170)         ( 138)                                  ( 15)      ( 330)             
  Lessor                                                                                                                                                         
  Assets subject to operating leases      —                                 21                                          2,839      —                      5,841  

  Brookfield Business Partners      F-49  

Table of Contents

BROOKFIELD BUSINESS PARTNERS L. P.

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

As at December