Company: LBTYK
Filing Date: 2025-02-18
Form Type: 10-K
Source: 0001570585-25-000021
Chunk: 115

Company: Liberty Global Ltd.
Filing Date: 2025-02-18
Form: 10-K
Item: Item 9C
Chunk 115
---
abilities (a):Cross-currency and interest rate derivative contracts (b)$144.6 $38.5 $183.1 $163.0 $48.7 $211.7 Equity-related derivative instruments (c)— — — 47.4 — 47.4 Foreign currency forward and option contracts3.3 — 3.3 2.3 4.5 6.8 Total$147.9 $38.5 $186.4 $212.7 $53.2 $265.9 _______________ (a)Our long-term derivative assets and long-term derivative liabilities are included in other assets, net, and other long-term liabilities, respectively, on our consolidated balance sheets.(b)We consider credit risk relating to our and our counterparties’ nonperformance in the fair value assessment of our derivative instruments. In all cases, the adjustments take into account offsetting liability or asset positions within each of our subsidiary borrowing groups (as defined and described in note 11). The changes in the credit risk valuation adjustments associated with our cross-currency and interest rate derivative contracts resulted in net gains (losses) of ($7.7 million), $8.4 million and ($33.8 million) during 2024, 2023 and 2022, respectively. These amounts are included in realized and unrealized gains on derivative instruments, net, in our consolidated statements of operations. For further information regarding our fair value measurements, see note 9.(c)Our equity-related derivative instruments include the Vodafone Collar. The fair value of the Vodafone Collar does not include credit risk valuation adjustments as we assume that any losses incurred by our company in the event of 

II-79

LIBERTY GLOBAL LTD.Notes to Consolidated Financial Statements — (Continued)December 31, 2024, 2023 and 2022

nonperformance by the respective counterparty would be, subject to relevant insolvency laws, fully offset against amounts we owe to such counterparty pursuant to the related secured borrowing arrangements. The details of our realized and unrealized gains on derivative instruments, net, are as follows: Year ended December 31, 202420232022 in millionsCross-currency and interest rate derivative contracts$323.7 $(186.2)$851.1 Equity-related derivative instruments(38.6)258.5 — Foreign currency forward and