Company: LBTYK
Filing Date: 2025-02-18
Form Type: 10-K
Source: 0001570585-25-000021
Chunk: 126

Company: Liberty Global Ltd.
Filing Date: 2025-02-18
Form: 10-K
Item: Item 9C
Chunk 126
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.4)(11.3)(73.7)Balance of net assets at December 31, 2024 (b)$1,263.8 $213.4 $1,477.2 _______________(a)With the exception of a $75.8 million loss related to the sale of our investment in Lacework and a $27.9 million loss related to the sale of our investment in Pax8, amounts primarily relate to assets and liabilities that we continue to carry on our consolidated balance sheet as of December 31, 2024.(b)As of December 31, 2024, $358.0 million of our Level 3 investments were accounted for under the measurement alternative at cost less impairment, adjusted for observable price changes.

(10)    Long-lived Assets

Property and Equipment, Net        The details of our property and equipment and the related accumulated depreciation are set forth below:Estimateduseful life at December 31, 2024December 31,20242023 in millionsDistribution systems3 to 30 years$5,702.7 $5,423.8 Support equipment, buildings and land3 to 33 years2,518.0 2,519.7 Customer premises equipment4 to 7 years843.1 904.7 Total property and equipment, gross9,063.8 8,848.2 Accumulated depreciation(4,737.8)(4,494.3)Total property and equipment, net$4,326.0 $4,353.9 Depreciation expense related to our property and equipment was $926.2 million, $1,165.0 million and $1,038.6 million during 2024, 2023 and 2022, respectively.During 2024, 2023 and 2022, we recorded non-cash increases to our property and equipment related to vendor financing arrangements of $76.8 million, $96.3 million and $72.2 million, respectively, which exclude related VAT of $10.0 million, $13.5 million and $8.0 million, respectively, that were also financed under these arrangements.

II-87

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

GoodwillChanges in the carrying amount of our goodwill during 2024 are set forth below