Company: LBTYK
Filing Date: 2025-02-18
Form Type: 10-K
Source: 0001570585-25-000021
Chunk: 114

Company: Liberty Global Ltd.
Filing Date: 2025-02-18
Form: 10-K
Item: Item 9C
Chunk 114
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a)$433.1 _______________(a)The weighted average life of our total debt securities was 0.7 years as of December 31, 2024.

II-78

LIBERTY GLOBAL LTD.Notes to Consolidated Financial Statements — (Continued)December 31, 2024, 2023 and 2022

Our investment portfolio is subject to various macroeconomic pressures and has experienced significant volatility, which affects both our non-public and publicly-traded investments. Changes in the fair values of these investments, including changes with respect to interest rates within our local jurisdictions, are likely to continue and could be significant.

(8)    Derivative Instruments

In general, we enter into derivative instruments to protect against (i) increases in the interest rates on our variable-rate debt, (ii) foreign currency movements, particularly with respect to borrowings that are denominated in a currency other than the functional currency of the borrowing entity, and (iii) decreases in the market prices of certain publicly-traded securities that we own. In this regard, through our subsidiaries, we have entered into various derivative instruments to manage interest rate exposure and foreign currency exposure, primarily with respect to the U.S. dollar ($), the euro (€) and the British pound sterling (£). Generally, we only apply hedge accounting to our derivative instruments in limited circumstances. Accordingly, changes in the fair values of most of our derivative instruments are recorded in realized and unrealized gains or losses on derivative instruments, net, in our consolidated statements of operations.The following table provides details of the fair values of our derivative instrument assets and liabilities: December 31, 2024December 31, 2023 CurrentLong-termTotalCurrentLong-termTotal in millionsAssets (a):Cross-currency and interest rate derivative contracts (b)$253.8 $369.4 $623.2 $235.3 $319.6 $554.9 Equity-related derivative instruments (c)26.1 187.3 213.4 — 310.7 310.7 Foreign currency forward and option contracts6.5 — 6.5 0.1 0.6 0.7 Other0.6 0.2 0.8 0.2 — 0.2 Total$287.0 $556.9 $843.9 $235.6 $630.9 $866.5 Li