Company: LBTYK
Filing Date: 2025-02-18
Form Type: 10-K
Source: 0001570585-25-000021
Chunk: 302

Company: Liberty Global Ltd.
Filing Date: 2025-02-18
Form: 10-K
Item: Item 7
Chunk 302
---
31, 20242023 in millionsCross-currency and interest rate derivative contracts (a)$323.7 $(186.2)Equity-related derivative instruments (b)(38.6)258.5 Foreign currency forward and option contracts30.0 6.1 Other0.1 (0.1)Total$315.2 $78.3 

_______________ 

(a)The gain during 2024 is primarily attributable to the net effect of (i) a net gain associated with changes in the relative value of certain currencies and (ii) a net loss associated with changes in certain market interest rates. In addition, the gain during 2024 includes a net loss of $7.7 million resulting from changes in our credit risk valuation adjustments. The loss during 2023 is attributable to net losses associated with changes in (a) certain market interest rates and (b) the relative value of certain currencies. In addition, the loss during 2023 includes a net gain of $8.4 million resulting from changes in our credit risk valuation adjustments.

(b)For information concerning the factors that impact the valuations of our equity-related derivative instruments, see note 9 to our consolidated financial statements. 

For additional information concerning our derivative instruments, see note 8 to our consolidated financial statements and Item 7A. Quantitative and Qualitative Disclosures about Market Risk below.

Foreign currency transaction gains (losses), net

Our foreign currency transaction gains or losses primarily result from the remeasurement of monetary assets and liabilities that are denominated in currencies other than the underlying functional currency of the applicable entity. Unrealized foreign currency transaction gains or losses are computed based on period-end exchange rates and are non-cash in nature until such time as the amounts are settled. The details of our foreign currency transaction gains (losses), net, are as follows:

 Year ended December 31, 20242023 in millionsIntercompany balances denominated in a currency other than the entity’s functional currency (a)$1,964.0 $(839.0)U.S. dollar-denominated debt issued by euro functional currency entities(217.7)116.1 Cash and restricted cash denominated in a currency other than the entity’s functional currency8.8 6.2 Other1.4 (3.0)Total$1,756.5 $(719.7)

_______________

(a)Amounts primarily relate to loans between certain of our non