Company: LBTYK
Filing Date: 2025-02-18
Form Type: 10-K
Source: 0001570585-25-000021
Chunk: 141

Company: Liberty Global Ltd.
Filing Date: 2025-02-18
Form: 10-K
Item: Item 9C
Chunk 141
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6 2.5 6.1 Netherlands(1.9)0.2 (1.7)U.K.(0.1)0.5 0.4 Total income tax expense$(167.3)$(45.8)$(213.1)Year ended December 31, 2022:U.S. (a)$(51.8)$(133.0)$(184.8)Luxembourg(0.3)(152.3)(152.6)Belgium(87.7)17.1 (70.6)Ireland(5.3)10.5 5.2 Netherlands(1.7)(0.8)(2.5)U.K.(0.1)0.8 0.7 Other(0.1)(2.0)(2.1)Total income tax expense$(147.0)$(259.7)$(406.7)_______________(a)    Includes federal and state income taxes. Our U.S. state income taxes were not material during any of the years presented. 

II-98

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

Income tax benefit (expense) attributable to our earnings (loss) from continuing operations before income taxes differs from the amounts computed using the applicable income tax rates as a result of the following factors: Year ended December 31, 202420232022in millionsComputed “expected” tax benefit (expense) (a)$(459.6)$809.8 $(223.9)Non-deductible or non-taxable foreign exchange results443.6 (199.9)263.2 Non-deductible or non-taxable interest and other expenses(124.9)(170.1)(125.4)Recognition of previously unrecognized tax benefits112.0 — — International rate differences (b)40.3 13.7 (104.6)Tax benefit associated with technologies innovation (c)15.2 6.5 22.1 Basis and other differences in the treatment of items associated with investments in subsidiaries and affiliates (d)14.3 (405.7)(67.8)Change in valuation allowances(4.2)(266.8)(172.7)Other, net(5.9)(0.6)