Company: BBU
Filing Date: 2025-04-10
Form Type: 20-F
Source: 0001628280-25-017216
Chunk: 505

Company: Brookfield Business Partners L.P.
Filing Date: 2025-04-10
Form: 20-F
Item: Item 19
Chunk 505
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 tax (liability) asset              $            ( 869)      $           ( 2,006)  

____________________________________

(1) The other category primarily relates to acquisitions and dispositions and the foreign exchange impact of the deferred tax asset calculated in the functional currency of the operating entities.

The following table details the expiry date, if applicable, of the unrecognized deferred tax assets December 31, 2024 and 2023:

  (US$ MILLIONS)                             2024                 2023           
 ─────────────────────────────────────────────────────────────────────────────────
  One year from reporting date               $             5      $           2  
  Two years from reporting date              —                    5              
  Three years from reporting date            7                    —              
  After three years from reporting date      108                  198            
  No expiry                                            1,366      744            
  Total                                      $         1,486      $         949  

  Brookfield Business Partners      F-59  

Table of Contents

BROOKFIELD BUSINESS PARTNERS L. P.

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

As at December 31, 2024 and 2023 and for the years ended December 31, 2024, 2023 and 2022

The components of the income taxes in other comprehensive income for the years ended December 31, 2024, 2023 and 2022 are set out below:

Year ended December 31,
(US$ MILLIONS) 2024 2023 2022
──────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────
Fair value through other comprehensive income $ $ 37 $ ( 119)
Net investment hedges 30 ( 17) 18
Cash flow hedges ( 10) ( 26) 86
Equity accounted investments 1 - 1
Insurance finance reserve ( 8) ( 10) 22
Pension plan actuarial changes 7 10 16
Total tax expense (recovery) in other comprehensive income $ $ ( 6) $ 24

The unrecognized taxable temporary difference attributable to the partnership’s interest in its subsidiaries, branches, associates, and joint ventures is $ 2,523 2,724

NOTE 20. EQUITY

The partnership’s consolidated equity interests include LP Units held by the public and Brookfield Holders, GP Units held by