Company: BBU
Filing Date: 2025-04-10
Form Type: 20-F
Source: 0001628280-25-017216
Chunk: 153

Company: Brookfield Business Partners L.P.
Filing Date: 2025-04-10
Form: 20-F
Item: Item 5
Chunk 153
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 impact on pre-tax net income and other comprehensive income of a 10% increase to the exchange rates relative to the U. S. dollar:

                      2024                      2023                      2022                  
  (US$ MILLIONS)      OCI       Net Income      OCI       Net Income      OCI       Net Income  
 ────────────────────────────────────────────────────────────────────────────────────────────────
  USD/AUD             $         $               $         $               $         $           
  USD/CAD             5         9               115       10              144       4           
  USD/BRL             37        6               23        (1)             48        —           
  USD/EUR             89        (72)            109       (19)            92        (94)        
  USD/Other           122       187             111       59              121       (71)        

A 10% decrease to the exchange rates relative to the U. S. dollar is expected to have an equal but opposite impact on pre-tax net income and other comprehensive income to that described in the table above. Refer to Note 28 “ Financial Risk Management” for further details, in addition to Note 4, “ Fair Value of Financial Instruments” and Note 27, “ Derivative Financial Instruments” in our consolidated financial statements included in this Form 20-F.

To the extent that we believe it is economical to do so, our strategy is to hedge all or a portion of our equity investments and/or cash flows exposed to foreign currencies by the partnership. The partnership’s foreign currency hedging policy includes leveraging any natural hedges that may exist within our operations, utilizing local currency debt financing to the extent possible, and utilizing derivative contracts to minimize any residual exposures where natural hedges are insufficient.

The following table presents a summary as at December 31, 2024 of our Unitholder equity positions by functional currency and our derivative contract net investment hedges:

                         Net Unitholder Equity by Functional Currency                                                                 
  (US$ MILLIONS)         CAD                                               AUD        BRL        GBP      EUR       INR        Other  
  Net Equity             $                                                 $          $          $        $         $          $      
  FX Contacts - US$      (588)                                             (204)      (146)      —        (51)      (105)      —      

As at December 31, 2024, approximately 26% of our Unitholder