Company: LBTYK
Filing Date: 2025-02-18
Form Type: 10-K
Source: 0001570585-25-000021
Chunk: 99

Company: Liberty Global Ltd.
Filing Date: 2025-02-18
Form: 10-K
Item: Item 9C
Chunk 99
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 gain of $846.4 million, which includes a cumulative foreign currency translation gain of $10.9 million. No income taxes were required to be provided on this gain.In connection with the sale of UPC Poland, we agreed to provide certain transitional services to iliad for a period of up to five years, depending on the service. These services principally comprise network and information technology-related functions. During 2024, 2023 and 2022, we recorded revenue of $37.1 million, $24.6 million and $26.6 million, respectively, associated with these transitional services.Presentation of Discontinued OperationsThe operations of the Sunrise Entities and UPC Poland are presented as discontinued operations in our consolidated financial statements for all applicable periods. 

II-67

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

The carrying amounts of the major classes of assets and liabilities of the Sunrise Entities as of December 31, 2023 are summarized below (in millions). These amounts exclude intercompany assets and liabilities that are eliminated within our consolidated balance sheet. Assets: Current assets$1,197.6 Property and equipment, net3,006.3 Goodwill7,168.7 Intangible assets subject to amortization, net1,380.0 Other assets1,588.1 Total assets$14,340.7 Liabilities:Current portion of debt and finance leases$377.9 Other accrued and current liabilities1,366.9 Long-term debt and finance lease obligations (a)6,119.4 Other long-term liabilities2,241.5 Total liabilities$10,105.7 _______________(a)In October 2024, in connection with the Spin-off, the Sunrise Entities repaid an aggregate $1.4 billion of outstanding indebtedness, including associated derivative instruments. This repayment is included within net cash used by financing activities of discontinued operations in our consolidated statement of cash flows for the year ended December 31, 2024. The operating results of the Sunrise Entities for 2024 and 2023 are summarized in the following table. These amounts exclude intercompany revenue and expenses that are eliminated within our consolidated statements of operations. Year ended December 31,2024 (a)2023in millionsRevenue$2,902.8 $3,375.6 Operating income$154