Company: BBU
Filing Date: 2025-04-10
Form Type: 20-F
Source: 0001628280-25-017216
Chunk: 510

Company: Brookfield Business Partners L.P.
Filing Date: 2025-04-10
Form: 20-F
Item: Item 19
Chunk 510
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ulated other              
                                         translation                                                          comprehensive                  
                                                                                                              income (loss)                  
 ─────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────
  Balance as at January 1, 2023          $                     ( 247)      $          $              112      $                      ( 143)  
  Other comprehensive income (loss)      51                                13         ( 48)                   16                             
  Ownership changes                      7                                 —          ( 10)                   ( 3)                           
  Balance as at December 31, 2023        $                     ( 189)      $          $               54      $                      ( 130)  

____________________________________

(1) Represents net investment hedges, cash flow hedges and other reserves.

  (US$ MILLIONS)                                   Foreign currency                  FVOCI                Other (1)      Accumulated other              
                                                   translation                                                               comprehensive              
                                                                                                                             income (loss)              
 ────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────
  Balance as at January 1, 2022                    $                     ( 252)      $            76              $                      $      ( 153)  
  Adoption of new accounting standards             —                                 —                            1                      1              
  As adjusted opening balance January 1, 2022      ( 252)                            76                          24                 ( 152)              
  Other comprehensive income (loss)                ( 66)                             ( 69)                       92                  ( 43)              
  Ownership changes                                4                                 —                            1                      5              
  Issuance of BBUC exchangeable shares (2)         67                                ( 15)                     ( 5)                     47              
  Balance as at December 31, 2022                  $                     ( 247)      $          ( 8)              $                      $      ( 143)  

____________________________________

(1) Represents net investment hedges, cash flow hedges and other reserves..

(2) In connection with the special distribution of BBUC, $ 47

NOTE 22. DIRECT OPERATING COSTS

The partnership has no key employees or directors and does not remunerate key management personnel. Key decision makers of the partnership are all employees of Brookfield or its subsidiaries, which provide management services under the Master Services Agreement with Brookfield. Refer to Note 26.

  F-64