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Dispositions (Tables)
 12 Months Ended
Dec. 31, 2021
Discontinued Operations and Disposal Groups [Abstract]  
Equity Method Investments (in millions):
Current assets$4,322.7 
Property and equipment, net12,523.2 
Goodwill29,195.1 
Intangible assets subject to amortization, net13,274.6 
Other assets, net3,997.2 
Current portion of debt and finance lease obligations(4,352.5)
Other accrued and current liabilities(5,729.8)
Long-term debt and finance lease obligations(21,879.2)
Other long-term liabilities(2,009.7)
Total preliminary fair value of the net assets of the VMO2 JV
$29,341.6 
The following table sets forth the details of our share of results of affiliates, net:
 Year ended December 31,
 202120202019
 in millions
VMO2 JV (a)$(97.2)$— $— 
VodafoneZiggo JV (b)(32.0)(201.1)(185.9)
All3Media(17.4)(27.9)(8.8)
Atlas Edge JV(5.8)— — 
Formula E(2.5)(8.4)1.7 
Other(20.5)(7.9)(5.5)
Total$(175.4)$(245.3)$(198.5)
_______________

(a)Represents our 50% share of the results of operations of the VMO2 JV beginning June 1, 2021 and includes 100% of the share-based compensation expense associated with Liberty Global awards held by VMO2 JV employees who were formerly employees of Liberty Global, as these awards remain our responsibility.

(b)Represents the net effect of (i) 100% of the interest income earned on the VodafoneZiggo JV Receivables and (ii) our 50% share of the results of operations of the VodafoneZiggo JV .
The summarized results of operations of the VMO2 JV for the period June 1, 2021 through December 31, 2021 are set forth below (in millions):
Revenue$8,522.9 
Loss before income taxes$(351.6)
Net loss$(164.9)
The summarized financial position of the VMO2 JV as of December 31, 2021 is set forth below (in millions):
Current assets$4,961.3 
Long-term assets55,220.5 
Total assets$60,181.8 
Current liabilities$9,201.2 
Long-term liabilities23,433.2 
Owners’ equity27,547.4 
Total liabilities and owners’ equity$60,181.8 
The summarized results of operations of the VodafoneZiggo JV are set forth below:
Year ended December 31,
202120202019
in millions
Revenue$4,824.2 $4,565.4 $4,407.8 
Loss before income taxes$(90.8)$(287.2)$(512.5)
Net loss$(163.1)$(448.7)$(470.0)

The summarized financial position of the VodafoneZiggo JV is set forth below:
December 31,
20212020
in millions
Current assets$896.2 $1,067.2 
Long-term assets20,392.3 22,563.6 
Total assets
$21,288.5 $23,630.8 
Current liabilities$2,744.3 $2,967.7 
Long-term liabilities15,381.0 16,450.8 
Owners’ equity3,163.2 4,212.3 
Total liabilities and owners’ equity
$21,288.5 $23,630.8 
Classes of Assets and Liabilities Held for Sale
The June 1, 2021 carrying amounts of the major classes of assets and liabilities associated with the U.K. JV Entities, which were contributed to the VMO2 JV, are summarized below (in millions):

Assets:
Current assets (a)$4,868.3 
Property and equipment, net9,465.1 
Goodwill8,214.7 
Other assets, net3,086.9 
Total assets (b)$25,635.0 
Liabilities:
Current portion of debt and finance lease obligations
$3,220.9 
Other accrued and current liabilities
2,242.0 
Long-term debt and finance lease obligations
16,905.1 
Other long-term liabilities
1,788.2 
Total liabilities (b)$24,156.2 
_______________

(a)    Amount includes $3.4 billion of net proceeds from certain financing transactions completed in 2020 that were held in escrow pending the completion of the U.K. JV Transaction.

(b)    The carrying amount of the net assets of $1,478.8 million presented above is net of the cumulative foreign currency translation loss of $1,198.6 million.

The carrying amounts of the major classes of assets and liabilities associated with the U.K. JV Entities that are classified as held for sale on our consolidated balance sheet as of December 31, 2020 are as follows (in millions):

Assets:
Current assets$4,519.8 
Property and equipment, net8,614.0 
Goodwill7,918.5 
Other assets, net3,230.4 
Total assets$24,282.7 
Liabilities:
Current portion of debt and finance lease obligations$2,699.5 
Other accrued and current liabilities2,207.3 
Long-term debt and finance lease obligations16,724.1 
Other long-term liabilities1,566.3 
Total liabilities$23,197.2 
The carrying amounts of the major classes of assets and liabilities of UPC Poland as of December 31, 2021 and 2020 are summarized in the following table. Due to the fact that we expect to complete the sale of UPC Poland within 12 months, all of the associated assets and liabilities are classified as current on our consolidated balance sheets.
December 31,
2021
2020
in millions
Assets:
Current assets$23.4 $26.8 
Property and equipment, net406.8 427.5 
Goodwill464.7 501.0 
Other assets, net30.1 24.8 
Total assets$925.0 $980.1 
Liabilities:
Current portion of debt and finance lease obligations$42.7 $44.3 
Other accrued and current liabilities97.3 99.1 
Long-term debt and finance lease obligations5.0 6.0 
Other long-term liabilities56.3 38.1 
Total liabilities$201.3 $187.5 
These amounts exclude intercompany revenue and expenses that are eliminated within our consolidated statements of operations.
Year ended December 31,
2021
2020
in millions
Revenue$454.8 $434.7 
Operating income$133.7 $86.9 
Earnings before income taxes$130.7 $77.4 
Income tax expense(48.1)(19.0)
Net earnings attributable to Liberty Global shareholders$82.6 $58.4 
The operating results of UPC Poland, the Vodafone Disposal Group and UPC DTH for 2019 are summarized in the following table. These amounts exclude intercompany revenue and expenses that are eliminated within our consolidated statement of operations.
UPC PolandVodafone Disposal Group (a)
UPC DTH (b)
Total
in millions
Revenue$425.7 $2,017.9 $36.7 $2,480.3 
Operating income$85.6 $1,165.6 $10.7 $1,261.9 
Earnings before income taxes
$85.9 $994.7 $9.5 $1,090.1 
Income tax expense(19.0)(273.9)— (292.9)
Net earnings attributable to Liberty Global shareholders
$66.9 $720.8 $9.5 $797.2 
_______________

(a)    Includes the operating results of the Vodafone Disposal Group through July 31, 2019, the date the Vodafone Disposal Group was sold.

(b)    Includes the operating results of UPC DTH through May 2, 2019, the date UPC DTH was sold.