Dispositions (Tables)

12 Months Ended

Dec. 31, 2023

Discontinued Operations and Disposal Groups [Abstract]

Schedule of Classes of Assets and Liabilities Held for Sale

The operating results of UPC Poland for 2022 and 2021 are summarized in the following table. These amounts exclude intercompany revenue and expenses that are eliminated within our consolidated statements of operations.

	Year ended December 31,
	2022 (a)		2021
	in millions
Revenue	$	109.5	$	454.8
Operating income	$	45.0	$	133.7
Earnings before income taxes	$	43.9	$	130.7
Income tax expense	(9.3)		(48.1)
Net earnings attributable to Liberty Global shareholders	$	34.6	$	82.6

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(a)Includes the operating results of UPC Poland from January 1, 2022 to April 1, 2022, the date UPC Poland was sold.

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, net	9,465.1
Goodwill	8,214.7
Other assets, net	3,086.9
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

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(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.

Schedule of Equity Method Investments

The opening balance sheet presented below reflects the final purchase price allocation (in millions):

Current assets	$	4,186.7
Property and equipment, net	12,523.2
Goodwill	29,455.4
Intangible assets subject to amortization, net	13,274.6
Other assets, net	4,163.5
Current portion of debt and finance lease obligations	(4,352.5)
Other accrued and current liabilities	(5,780.8)
Long-term debt and finance lease obligations	(21,879.2)
Other long-term liabilities	(2,170.9)
Total fair value of the net assets of the VMO2 JV	$	29,420.0

The following table sets forth the details of our share of results of affiliates, net:

	Year ended December 31,
	2023		2022		2021
	in millions
VMO2 JV (a)	$	(1,723.1)	$	(1,396.6)	$	(97.2)
VodafoneZiggo JV (b)	(196.7)		241.2		(32.0)
nexfibre JV	(34.7)		25.2		—
AtlasEdge JV	(31.1)		(23.3)		(5.8)
Formula E	(19.4)		(20.2)		(2.5)
Streamz B.V. (Streamz) (c)	(6.9)		(35.2)		(0.7)
All3Media	4.0		(10.0)		(17.4)
Eltrona Interdiffusion S.A. (Eltrona) (d)	—		(34.2)		(17.2)
Other	(11.4)		(14.7)		(2.6)
Total	$	(2,019.3)	$	(1,267.8)	$	(175.4)

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(a)Represents (i) our 50% share of the results of operations of the VMO2 JV and (ii) 100% of the share-based compensation expense associated with Liberty Global awards granted to VMO2 JV employees who were formerly employees of Liberty Global prior to the VMO2 JV formation, as these awards remain our responsibility. In addition, the 2023 and 2022 amounts include charges of $1.5 billion and $1.8 billion, respectively, representing our 50% share of the VMO2 JV’s goodwill impairments, as described below.

(b)Represents (i) our 50% share of the results of operations of the VodafoneZiggo JV and (ii) 100% of the interest income earned on the VodafoneZiggo JV Receivables.

(c)The 2022 amount includes a charge of $31.7 million related to a decline in fair value below the cost basis of the investment that was deemed other-than-temporary during the fourth quarter.

(d)The 2022 amount includes a charge of $32.5 million related to a decline in fair value below the cost basis of the investment that was deemed other-than-temporary during the fourth quarter.

The summarized results of operations of the VMO2 JV are set forth below:

	Year ended December 31,
	2023		2022		2021 (a)
	in millions
Revenue	$	13,574.1	$	12,857.2	$	8,522.9
Loss before income taxes	$	(3,728.8)	$	(3,012.8)	$	(351.6)
Net loss	$	(3,438.6)	$	(3,042.0)	$	(173.2)

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(a)Includes the operating results of the VMO2 JV for the period from June 1, 2021 through December 31, 2021.

The summarized financial position of the VMO2 JV is set forth below:

	December 31,
	2023		2022
	in millions
Current assets	$	5,237.8	$	4,056.0
Long-term assets	42,801.6		45,753.3
Total assets	$	48,039.4	$	49,809.3
Current liabilities	$	9,465.8	$	8,349.7
Long-term liabilities	24,075.9		21,877.6
Owners’ equity	14,497.7		19,582.0
Total liabilities and owners’ equity	$	48,039.4	$	49,809.3

The summarized results of operations of the VodafoneZiggo JV are set forth below:

	Year ended December 31,
	2023		2022		2021
	in millions
Revenue	$	4,450.5	$	4,284.6	$	4,824.2
Earnings (loss) before income taxes	$	(614.6)	$	608.3	$	(90.8)
Net earnings (loss)	$	(510.0)	$	394.7	$	(163.1)

The summarized financial position of the VodafoneZiggo JV is set forth below:

	December 31,
	2023		2022
	in millions
Current assets	$	923.6	$	815.5
Long-term assets	18,790.5		19,396.4
Total assets	$	19,714.1	$	20,211.9
Current liabilities	$	2,727.5	$	2,719.2
Long-term liabilities	14,795.2		14,652.3
Owners’ equity	2,191.4		2,840.4
Total liabilities and owners’ equity	$	19,714.1	$	20,211.9