Company: BBU
Filing Date: 2025-04-10
Form Type: 20-F
Source: 0001628280-25-017216
Chunk: 517

Company: Brookfield Business Partners L.P.
Filing Date: 2025-04-10
Form: 20-F
Item: Item 19
Chunk 517
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 variety of financial risks, including market risk (currency risk, interest rate risk, commodity risk and other price risks), credit risk and liquidity risk. The partnership selectively uses derivative financial instruments principally to manage these risks.

The following tables summarizes the aggregate notional amounts of the partnership’s derivative positions as at December 31, 2024 and 2023:

  (US$ MILLIONS, except as noted)      2024                  2023              
 ───────────────────────────────────────────────────────────────────────────────
  Foreign exchange contracts           $          4,868      $          5,518  
  Cross currency swaps                 668                   696               
  Interest rate derivatives                      13,611                13,246  
                                       $         19,147      $         19,460  

  Brookfield Business Partners      F-71  

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

  Commodity instruments                    2024                    2023              
 ─────────────────────────────────────────────────────────────────────────────────────
  Oil based fuel (bbl - millions) (1)      —                      15.14              
  Natural gas (mcf - millions)             69.08                  49.39              
  Lead (metric tons)                                  74,193                 79,644  
  Tin (metric tons)                                    1,908                  2,300  
  Polypropylene (metric tons)                         22,214                 25,451  

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(1) The partnership completed the disposition of its road fuels operation during the third quarter of 2024 and accordingly deconsolidated its derivative contracts related to Oil based fuel. See Note 9 for additional information.

Foreign exchange contracts

The following table presents the notional amounts and average exchange rates for foreign exchange contracts held by the partnership as at December 31, 2024 and 2023. The notional amounts as at December 31, 2024 and 2023 include both buy and sell contracts.

                                       Notional amount                                      Average exchange rate             
  (US$ MILLIONS, except as noted)                 2024                 2023                                  2024       2023  
  Foreign exchange contracts                                                                                                  
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