Company: BBU
Filing Date: 2025-04-10
Form Type: 20-F
Source: 0001628280-25-017216
Chunk: 501

Company: Brookfield Business Partners L.P.
Filing Date: 2025-04-10
Form: 20-F
Item: Item 19
Chunk 501
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 5)  
  Transfers to held for sale                                              ( 4)               —                                                   ( 1)                                        ( 5)  
  Foreign currency translation                                            ( 8)               ( 8)                                                ( 46)                                      ( 62)  
  Balance at December 31, 2024                                               $      158      $                                          185      $                    1,060                     $  

NOTE 17. CONTRACTS IN PROGRESS

  (US$ MILLIONS)                                          2024                       2023                       2022                     
 ─────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────
  Contract costs incurred to date                         $              11,241      $              13,519      $                21,066  
  Profit recognized to date (less recognized losses)      203                        170                                          2,055  
                                                                         11,444                     13,689                       23,121  
  Less: progress billings                                             ( 11,692)                  ( 13,990)                    ( 23,876)  
  Contract work in progress (liability)                   $              ( 248)      $              ( 301)      $                ( 755)  
  Comprising:                                                                                                                            
  Amounts due from customers — work in progress (1)       $                 170      $                 200      $                   469  
  Amounts due to customers — creditors (2)                ( 418)                     ( 501)                     ( 1,224)                 
  Net work in progress                                    $              ( 248)      $              ( 301)      $                ( 755)  

____________________________________

(1) The change in the balance from December 31, 2023 was due to billed amounts of $ 2,874 2,859 15

(2) The change in the balance from December 31, 2023 was due to recognized revenue of $ 361 311 33

  Brookfield Business Partners      F-55  

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

NOTE 18. BORROWINGS

Principal repayments on total borrowings due over the next five years