Company: BBU
Filing Date: 2025-04-10
Form Type: 20-F
Source: 0001628280-25-017216
Chunk: 487

Company: Brookfield Business Partners L.P.
Filing Date: 2025-04-10
Form: 20-F
Item: Item 19
Chunk 487
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 income         18                ( 6)           
  Additions                                                       177                 150           
  Disposals                                                     ( 48)               ( 70)           
  Foreign currency translation and other                            4                   5           
  Balance at end of period                                          $      993          $      828  

  Brookfield Business Partners      F-39  

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 following table presents the change in the balance of financial liabilities classified as Level 3 as at December 31, 2024 and 2023:

  (US$ MILLIONS)                                                  2024                 2023           
 ──────────────────────────────────────────────────────────────────────────────────────────────────────
  Balance at beginning of year                                       $      284           $      589  
  Fair value change recorded in net income                      ( 151)                ( 62)           
  Fair value change recorded in other comprehensive income        ( 1)                ( 21)           
  Additions                                                         12                   25           
  Disposals/settlements                                         ( 117)               ( 262)           
  Foreign currency translation and other                          ( 2)                   15           
  Balance at end of period                                           $       25           $      284  

Securities lending

The partnership’s residential mortgage insurer participates in a securities lending program through an intermediary that is a financial institution for the purpose of generating fee income. Non-cash collateral, in the form of U. S. or Canadian government securities, which is equal to at least 105

In addition to earning fee income under the securities lending program, interest, dividends and other income generated by the loaned securities continues to be earned while the securities are in the possession of counterparties.

As at December 31, 2024, the partnership had $ 305 585 322 617

NOTE 5. FINANCIAL ASSETS

  (US$ MILLIONS)                      2024                  2023              
 ──────────────────────────────────────────────────────────────────────────────
  Current                                                                     
  Marketable securities               $            571      $            498  
  Restricted cash                     165                   189               
  Derivative assets