Company: BBU
Filing Date: 2025-04-10
Form Type: 20-F
Source: 0001628280-25-017216
Chunk: 496

Company: Brookfield Business Partners L.P.
Filing Date: 2025-04-10
Form: 20-F
Item: Item 19
Chunk 496
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 provide competitive advantage and product differentiation. This relates to technology within the partnership’s advanced energy storage operation, engineered components manufacturing operation and dealer software and technology services operation, assessed to have estimated useful lives ranging between 5 15

The brand names and trademarks acquired by the partnership through acquisitions pertain to trade names which carry strong reputations in their respective industries and positive brand recognition. These relate to brand names and trademarks from the acquisitions of the partnership’s dealer software and technology services operation, modular building leasing services, advanced energy storage operation, engineered components manufacturing operation, fleet management and car rental services and lottery services operation. The brand names were valued at the date of acquisition using the relief from royalty method. As at December 31, 2024, $ 2,071 10 40

Customer relationships pertain to strong and continuing relationships with many of the partnership’s customers which contribute to the revenues and cash flows generated by the partnership’s respective operations. The partnership has recognized customer relationships from acquisitions of the partnership’s modular building leasing services, lottery services operation, advanced energy storage operation, dealer software and technology services operation and engineered components manufacturing operation. These customer relationships were valued at the date of acquisition using a multi-period excess earnings approach. The customer relationships acquired were assessed to have estimated useful lives ranging between 10 20

NOTE 14. GOODWILL

  (US$ MILLIONS)                                    2024                  2023                  
 ────────────────────────────────────────────────────────────────────────────────────────────────
  Balance at beginning of year                         $      14,129      $             15,479  
  Acquisitions through business combinations          50                  189                   
  Impairment (1)                                  ( 793)                  ( 605)                
  Dispositions (2)                                ( 638)                  ( 1,091)              
  Assets reclassified as held for sale                14                  —                     
  Foreign currency translation                    ( 523)                  157                   
  Balance at end of year                               $      12,239      $             14,129  

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(1) Includes a goodwill impairment of $ 661 599) at the partnership’s healthcare services for the year ended December 31, 2024.

(2) See Note 9 for additional information.

The partnership evaluates goodwill for impairment on an annual basis, or more often if events or circumstances indicate there may be an impairment. To determine whether goodwill is impaired, the partnership compares the carrying amount of its cash