Company: BBU
Filing Date: 2025-04-10
Form Type: 20-F
Source: 0001628280-25-017216
Chunk: 485

Company: Brookfield Business Partners L.P.
Filing Date: 2025-04-10
Form: 20-F
Item: Item 19
Chunk 485
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 $        
  Financial liabilities                                                                                                    
  Derivative liabilities              $            $              332      $            $            $            $        
  Other financial liabilities         —            —                       25           —            —            283      
                                      $            $              332      $            $            $            $        

____________________________________

(1) Other financial assets include secured debentures, asset-backed securities and preferred shares. Level 1 other financial assets are primarily publicly traded preferred shares and mutual funds. Level 2 other financial assets are primarily asset backed securities and Level 3 financial assets are primarily convertible preferred securities in the partnership’s audience measurement operation and secured debentures.

There were no transfers between levels during the year ended December 31, 2024.

  Brookfield Business Partners      F-37  

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 summarizes the valuation techniques and key inputs used in the fair value measurement of Level 2 financial instruments:

  (US$ MILLIONS)                                                                                                                                                                                                                                                                                                                              
  Type of asset/liability             Carrying value December 31, 2024                 Carrying value December 31, 2023                 Valuation technique(s) and key input(s)                                                                                                                                                               
  Corporate and government bonds      $                                     3,033      $                                     3,307      Fair value of bonds are obtained primarily from industry standard pricing services utilizing market observable inputs. Fair value is assessed by analyzing available market information through p...  
  Derivative assets                   $                                       522      $                                       404      Fair value of derivative contracts incorporate quoted market prices, or in their absence, internal valuation models corroborated with observable market data, and for foreign exchange, interest ...  
  Other financial assets              $                                       634      $                                       719      Other financial assets primarily represent amounts from asset backed securities where values are obtained from industry standard pricing services utilizing market observable inputs. Fair value ...  
  Derivative liabilities              $                                       332      $                                       500      Fair value of derivative contracts incorporate quoted market prices, or in their absence, internal valuation models corroborated with observable market data, and for foreign exchange, interest ...  

The fair value of Level 3 financial assets and liabilities is determined using valuation models which require the use of unobservable