LIBERTY LATIN AMERICA LTD., 10-K filed on 2/18/2026
Annual Report
v3.25.4
Cover Page - USD ($)
shares in Millions, $ in Billions
 12 Months Ended
Dec. 31, 2025
Jan. 31, 2026
Jun. 30, 2025
Entity Information [Line Items]      
Document Type 10-K    
Document Annual Report true    
Current Fiscal Year End Date --12-31    
Document Period End Date Dec. 31, 2025    
Document Transition Report false    
Entity File Number 001-38335    
Entity Registrant Name Liberty Latin America Ltd.    
Entity Address, Country BM    
Entity Incorporation, State or Country Code D0    
Entity Tax Identification Number 98-1386359    
Entity Address, Address Line One 2 Church Street,    
Entity Address, City or Town Hamilton    
Entity Address, Postal Zip Code HM 11    
City Area Code 441    
Local Phone Number 295-5950    
Entity Well-known Seasoned Issuer Yes    
Entity Voluntary Filers No    
Entity Current Reporting Status Yes    
Entity Interactive Data Current Yes    
Entity Filer Category Large Accelerated Filer    
Entity Small Business false    
Entity Emerging Growth Company false    
ICFR Auditor Attestation Flag true    
Document Financial Statement Error Correction [Flag] true    
Entity Shell Company false    
Entity Public Float     $ 0.9
Documents Incorporated by Reference
Portions of the definitive proxy statement for the Registrant’s 2026 Annual General Meeting of Shareholders are incorporated by reference in Part III of this Form 10-K.
    
Entity Central Index Key 0001712184    
Document Fiscal Year Focus 2025    
Document Fiscal Period Focus FY    
Amendment Flag false    
Document Financial Statement Restatement Recovery Analysis [Flag] true    
Class A      
Entity Information [Line Items]      
Title of 12(b) Security Class A Common Shares, par value $0.01 per share    
Trading Symbol LILA    
Security Exchange Name NASDAQ    
Entity Common Stock, Shares Outstanding (in Shares)   38.9  
Class B      
Entity Information [Line Items]      
Entity Common Stock, Shares Outstanding (in Shares)   2.4  
Class C      
Entity Information [Line Items]      
Title of 12(b) Security Class C Common Shares, par value $0.01 per share    
Trading Symbol LILAK    
Security Exchange Name NASDAQ    
Entity Common Stock, Shares Outstanding (in Shares)   158.8  
v3.25.4
Audit Information
 12 Months Ended
Dec. 31, 2025
Audit Information [Abstract]  
Auditor Name KPMG LLP
Auditor Location Denver, Colorado
Auditor Firm ID 185
v3.25.4
CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Dec. 31, 2025
Dec. 31, 2024
Current assets:    
Cash and cash equivalents $ 783.9 $ 654.3
Trade receivables, net 653.6 685.9
Prepaid expenses 79.8 79.8
Current notes receivable, net 133.0 109.6
Current contract assets 124.0 105.8
Other current assets, net 471.9 479.8
Total current assets 2,246.2 2,115.2
Goodwill 3,007.5 2,981.0
Property and equipment, net 3,847.8 4,062.4
Intangible assets not subject to amortization 1,319.3 1,813.3
Intangible assets subject to amortization, net 361.0 414.3
Other assets, net 1,444.1 1,397.5
Total assets 12,225.9 12,783.7
Current liabilities:    
Accounts payable 384.6 441.9
Current portion of deferred revenue 127.4 126.4
Current portion of debt and finance lease obligations 408.8 465.7
Accrued interest 150.1 134.7
Accrued payroll and employee benefits 102.4 95.8
Current portion of operating lease liabilities 95.0 87.5
Other accrued and current liabilities 709.6 708.0
Total current liabilities 1,977.9 2,060.0
Long-term debt and finance lease obligations 7,870.4 7,614.5
Deferred tax liabilities 411.6 580.3
Deferred revenue 81.9 88.0
Other long-term liabilities 820.6 847.3
Total liabilities 11,162.4 11,190.1
Commitments and contingencies
Liberty Latin America shareholders:    
Undesignated preference shares, $0.01 par value; 50.0 million shares authorized; nil shares issued and outstanding at each period 0.0 0.0
Treasury shares, at cost; 52.4 million and 51.8 million shares, respectively (448.9) (444.1)
Additional paid-in capital 5,368.9 5,315.6
Accumulated deficit (4,242.3) (3,631.1)
Accumulated other comprehensive loss, net of taxes (124.6) (154.2)
Total Liberty Latin America shareholders 555.6 1,088.6
Noncontrolling interests 507.9 505.0
Total equity 1,063.5 1,593.6
Total liabilities and equity 12,225.9 12,783.7
Class A    
Liberty Latin America shareholders:    
Common stock 0.5 0.5
Class B    
Liberty Latin America shareholders:    
Common stock 0.0 0.0
Class C    
Liberty Latin America shareholders:    
Common stock $ 2.0 $ 1.9
v3.25.4
CONSOLIDATED BALANCE SHEETS (Parenthetical) - USD ($)
$ in Millions
Dec. 31, 2025
Dec. 31, 2024
Preferred shares, par value (in dollars per share) $ 0.01 $ 0.01
Preferred stock, shares authorized (in shares) 50,000,000.0 50,000,000.0
Preferred stock, shares issued (in shares) 0 0
Treasury Stock, Common, Value $ 448.9 $ 444.1
Preferred stock, shares outstanding (in shares) 0 0
Treasury stock (in shares) 52,400,000 51,800,000
Additional paid-in capital $ 5,368.9 $ 5,315.6
Class A    
Common stock, par value (in dollars per share) $ 0.01 $ 0.01
Common stock, shares authorized (in shares) 500,000,000.0 500,000,000.0
Common stock, shares issued (in shares) 54,700,000 53,700,000
Common stock, shares outstanding (in shares) 38,900,000 38,000,000.0
Class B    
Common stock, par value (in dollars per share) $ 0.01 $ 0.01
Common stock, shares authorized (in shares) 50,000,000.0 50,000,000.0
Common stock, shares issued (in shares) 2,400,000 2,400,000
Common stock, shares outstanding (in shares) 2,400,000 2,400,000
Class C    
Common stock, par value (in dollars per share) $ 0.01 $ 0.01
Common stock, shares authorized (in shares) 500,000,000.0 500,000,000.0
Common stock, shares issued (in shares) 195,200,000 192,400,000
Common stock, shares outstanding (in shares) 158,700,000 156,300,000
v3.25.4
CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Millions
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Income Statement [Abstract]      
Revenue $ 4,442.2 $ 4,446.8 $ 4,511.1
Operating costs and expenses (exclusive of depreciation and amortization, shown separately below):      
Programming and other direct costs of services 975.9 989.4 1,020.4
Other operating costs and expenses 1,835.0 1,976.2 1,877.8
Depreciation and amortization 904.9 968.3 1,008.3
Impairment, restructuring and other operating items, net 618.2 589.7 86.9
Operating costs and expenses (exclusive of depreciation and amortization) 4,334.0 4,523.6 3,993.4
Operating income (loss) 108.2 (76.8) 517.7
Non-operating expense:      
Interest expense (656.4) (627.7) (601.7)
Realized and unrealized gains (losses) on derivative instruments, net (20.0) 82.1 (34.2)
Foreign currency transaction gains (losses), net (42.7) (18.3) 70.3
Losses on debt extinguishments, net (14.4) (5.5) (3.9)
Other expense, net (27.5) (13.7) (10.6)
Non-operating income (expense) (761.0) (583.1) (580.1)
Loss before income taxes (652.8) (659.9) (62.4)
Income tax benefit (expense) 98.5 0.2 (24.4)
Net loss (554.3) (659.7) (86.8)
Net loss (earnings) attributable to noncontrolling interests (56.9) (29.7) 13.2
Net loss attributable to Liberty Latin America shareholders $ (611.2) $ (689.4) $ (73.6)
Basic net loss per share attributable to Liberty Latin America shareholders (in dollars per share) $ (3.06) $ (3.47) $ (0.35)
Diluted net loss per share attributable to Liberty Latin America shareholders (in dollars per share) $ (3.06) $ (3.47) $ (0.35)
v3.25.4
CONSOLIDATED STATEMENTS OF COMPREHENSIVE LOSS - USD ($)
$ in Millions
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Statement of Comprehensive Income [Abstract]      
Net loss $ (554.3) $ (659.7) $ (86.8)
Other comprehensive earnings (loss), net of taxes:      
Foreign currency translation adjustments 34.7 25.9 25.9
Reclassification adjustments included in net loss 2.4 (2.6) 11.4
Pension-related adjustments and other, net (5.9) 20.8 (85.0)
Other comprehensive earnings (loss) 31.2 44.1 (47.7)
Comprehensive loss (523.1) (615.6) (134.5)
Comprehensive loss (earnings) attributable to noncontrolling interests (58.5) (30.0) 12.1
Comprehensive loss attributable to Liberty Latin America shareholders $ (581.6) $ (645.6) $ (122.4)
v3.25.4
CONSOLIDATED STATEMENTS OF EQUITY - USD ($)
$ in Millions
Total
Total Liberty Latin America shareholders
Common shares
Class A
Common shares
Class B
Common shares
Class C
Treasury Stock
Additional paid-in capital
Accumulated deficit
Accumulated other comprehensive loss, net of taxes
Non- controlling interests
Beginning balance at Dec. 31, 2022 $ 2,556.7 $ 1,918.8 $ 0.5 $ 0.0 $ 1.9 $ (243.4) $ 5,177.1 $ (2,868.1) $ (149.2) $ 637.9
Increase (Decrease) in Stockholders' Equity [Roll Forward]                    
Net earnings (loss) (86.8) (73.6)           (73.6)   (13.2)
Other comprehensive earnings (loss) (47.7) (48.8)             (48.8) 1.1
Repurchase of Liberty Latin America common shares (117.8) (117.8)       (117.8)        
Cash and non-cash distributions to noncontrolling interest owners (84.1)                 (84.1)
Shared-based compensation 84.9 84.9         84.9      
Other 4.5                 4.5
Ending balance at Dec. 31, 2023 2,309.7 1,763.5 0.5 0.0 1.9 (361.2) 5,262.0 (2,941.7) (198.0) 546.2
Increase (Decrease) in Stockholders' Equity [Roll Forward]                    
Net earnings (loss) (659.7) (689.4)           (689.4)   29.7
Other comprehensive earnings (loss) 44.1 43.8             43.8 0.3
Repurchase of Liberty Latin America common shares (82.9) (82.9)       (82.9)        
Cash and non-cash distributions to noncontrolling interest owners (73.2)                 (73.2)
Contribution from noncontrolling interest owners 2.0                 2.0
Shared-based compensation 68.2 68.2         68.2      
Exercise of capped call option contracts and other (14.6) (14.6)         (14.6)     0.0
Ending balance at Dec. 31, 2024 1,593.6 1,088.6 0.5 0.0 1.9 (444.1) 5,315.6 (3,631.1) (154.2) 505.0
Increase (Decrease) in Stockholders' Equity [Roll Forward]                    
Net earnings (loss) (554.3) (611.2)           (611.2)   56.9
Other comprehensive earnings (loss) 31.2 29.6             29.6 1.6
Distributions to noncontrolling interest owners (55.2)                 (55.2)
Share-based compensation 48.7 48.7     0.1   48.6      
Exercise of capped call option contracts and other (0.5) (0.1)       (4.8) 4.7     (0.4)
Ending balance at Dec. 31, 2025 $ 1,063.5 $ 555.6 $ 0.5 $ 0.0 $ 2.0 $ (448.9) $ 5,368.9 $ (4,242.3) $ (124.6) $ 507.9
v3.25.4
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Cash flows from operating activities:      
Net loss $ (554.3) $ (659.7) $ (86.8)
Adjustments to reconcile net loss to net cash provided by operating activities:      
Share-based compensation expense 54.4 73.0 88.7
Depreciation and amortization 904.9 968.3 1,008.3
Impairments and other non-cash activity, net 569.7 546.1 54.3
Amortization of debt financing costs, premiums and discounts, net 30.0 23.2 30.2
Realized and unrealized losses (gains) on derivative instruments, net 20.0 (82.1) 34.2
Foreign currency transaction losses (gains), net 42.7 18.3 (70.3)
Losses on debt modification and extinguishment, net 14.4 5.5 3.9
Deferred income tax benefit (238.8) (129.3) (87.4)
Changes in operating assets and liabilities, net of the effect of acquisitions:      
Receivables and other operating assets 134.4 311.7 51.9
Payables and accruals (171.5) (318.7) (130.0)
Net cash provided by operating activities 805.9 756.3 897.0
Cash flows from investing activities:      
Capital expenditures, net (500.0) (540.4) (585.0)
Cash paid in connection with acquisitions, net of cash acquired 0.0 (95.4) 0.0
Purchases of investments (80.0) (47.3) (24.9)
Other investing activities, net (12.3) (5.4) (5.9)
Net cash used by investing activities (592.3) (688.5) (615.8)
Cash flows from financing activities:      
Borrowings of debt 1,890.7 1,706.0 1,092.8
Payments of principal amounts of debt and finance lease obligations (1,820.0) (1,963.4) (955.9)
Repurchase of Liberty Latin America common shares 0.0 (82.9) (118.3)
Net cash received related to derivative instruments 18.8 43.2 9.8
Distributions to noncontrolling interest owners (73.3) (55.1) (75.4)
Payment of financing costs and debt redemption premiums (55.8) (18.0) (18.2)
Capital contribution from noncontrolling interest owner 0.0 2.0 5.1
Capped call premium payment 0.0 (14.6) 0.0
Other financing activities, net (4.0) (3.6) (2.3)
Net cash used by financing activities (43.6) (386.4) (62.4)
Effect of exchange rate changes on cash, cash equivalents and restricted cash (40.3) (10.9) (7.9)
Net increase (decrease) in cash, cash equivalents and restricted cash 129.7 (329.5) 210.9
Cash, cash equivalents and restricted cash:      
Beginning of year 670.3 999.8 788.9
End of year 800.0 670.3 999.8
Cash paid for interest 599.9 618.9 521.4
Net cash paid for taxes $ 159.4 $ 144.9 $ 79.8
v3.25.4
Basis of Presentation
 12 Months Ended
Dec. 31, 2025
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Basis of Presentation Basis of Presentation
See the Glossary of defined terms at the beginning of this Annual Report on Form 10-K for terms used throughout the consolidated financial statements.
General
Liberty Latin America Ltd. is a registered company in Bermuda that primarily includes: (i) C&W; (ii) Liberty Communications PR; and (iii) LBT CT Communications, S.A. (a less than wholly-owned entity) and its subsidiaries, which include Liberty Telecomunicaciones. C&W owns less than 100% of certain of its consolidated subsidiaries, including C&W Bahamas, C&W Jamaica and CWP.
We are an international provider of fixed, mobile and subsea telecommunications services. We provide:
A.residential and B2B services in:
i.over 20 countries across Latin America and the Caribbean through two of our reportable segments, Liberty Caribbean and C&W Panama;
ii.Puerto Rico and USVI, through our reportable segment Liberty Puerto Rico; and
iii.Costa Rica, through our reportable segment Liberty Costa Rica.
B.through our reportable segment Liberty Networks, (i) enterprise services in certain other countries in Latin America and the Caribbean and (ii) wholesale services over our subsea and terrestrial fiber optic cable networks that connect over 30 markets in that region.
Unless otherwise indicated, ownership percentages are calculated as of December 31, 2025.
The accompanying consolidated financial statements have been prepared in accordance with U.S. GAAP.
Correction of Immaterial Errors
During the fourth quarter of 2025, we identified certain errors in our previously reported 2024 consolidated financial statements, primarily related to bad debt expense and revenue. We have completed a quantitative and qualitative evaluation of the errors and concluded that they are immaterial to the previously issued consolidated financial statements. Notwithstanding this evaluation, we have revised (i) our December 31, 2024 consolidated balance sheet, and (ii) our consolidated statement of operations, comprehensive earnings (loss), equity and cash flows for the year ended December 31, 2024 for these errors.
Year ended December 31, 2024
As previously reportedAdjustmentsAs adjusted
in millions
Revenue$4,456.9 (10.1)$4,446.8 
Operating loss$(48.3)(28.5)$(76.8)
Loss before income taxes$(631.4)(28.5)$(659.9)
Net loss attributable to Liberty Latin America$(657.0)(32.4)$(689.4)
December 31, 2024
As previously reportedAdjustmentsAs adjusted
in millions
Total current assets$2,131.5 (16.3)$2,115.2 
Total current liabilities$2,043.9 16.1 $2,060.0 
Total equity$1,626.0 (32.4)$1,593.6 
v3.25.4
Accounting Changes and Recent Accounting Pronouncements
 12 Months Ended
Dec. 31, 2025
Accounting Changes and Error Corrections [Abstract]  
Accounting Changes and Recent Accounting Pronouncements Accounting Changes and Recent Accounting Pronouncements
Accounting Changes
ASU 2023-09
In December 2023, the FASB issued ASU No. 2023-09, Income Taxes (Topic 740): Improvements to Income Tax Disclosures (ASU 2023-09), which was issued to enhance transparency of income tax disclosures, primarily by requiring consistent categories and disaggregated information about an entity’s effective tax rate reconciliation and disaggregated jurisdictional information on income taxes paid. The standard also eliminates certain existing requirements related to uncertain tax positions and unrecognized deferred tax liabilities. ASU 2023-09 is effective for annual periods beginning after December 15, 2024 with early adoption permitted. We have implemented the reporting standards set forth in ASU 2023-09 on a prospective basis as of December 31, 2025.
Recent Accounting Pronouncements
ASU 2024-03
In November 2024, the FASB issued ASU No. 2024-03, Income Statement—Reporting Comprehensive Income—Expense Disaggregation Disclosures (Subtopic 220-04): Disaggregation of Income Statement Expenses (ASU 2024-03), which requires more detailed disclosure in the notes to the financial statements about the types of expenses in commonly presented expense captions. In each annual and interim reporting period, entities are required to (i) disclose the amounts of (a) purchases of inventory, (b) employee compensation, (c) depreciation and (d) intangible asset amortization included in each expense line item within continuing operations that is presented on the statement of operations, (ii) include certain amounts that are already required to be disclosed under current U.S. GAAP in the same disclosure as the other disaggregation requirements, (iii) disclose a qualitative description of the amounts remaining in each expense line item within continuing operations that are not separately quantified and (iv) disclose the total amount of selling expenses and, in annual reporting periods, an entity’s definition of selling expenses. In January 2025, the FASB issued ASU No. 2025-01, Income Statement—Reporting Comprehensive Income—Expense Disaggregation Disclosures (Subtopic 220-04): Clarifying the Effective Date (ASU 2025-01). ASU 2024-03 is
effective for annual reporting periods beginning after December 15, 2026 and interim reporting periods beginning after December 15, 2027 with early adoption permitted, as clarified in ASU 2025-01. We are currently evaluating the impact this standard will have on our consolidated financial statements.
ASU 2025-05
In July 2025, the FASB issued ASU No. 2025-05, Financial Instruments—Credit Losses (Topic 326): Measurement of Credit Losses for Accounts Receivable and Contract Assets (ASU 2025-05), which introduces a practical expedient for all entities and an accounting policy election for all entities, other than public business entities, that elect the practical expedient to simplify the estimation of expected credit losses for current accounts receivable and current contract assets. Entities electing the practical expedient can assume that current conditions as of the balance sheet date do not change for the remaining life of the asset. Entities must disclose whether they have elected to use the practical expedient and, if so, whether they have also applied the accounting policy election. ASU 2025-05 is effective for annual reporting periods beginning after December 15, 2025, and interim periods within those annual reporting periods, with early adoption permitted. We are currently evaluating the impact this standard will have on our consolidated financial statements.
ASU 2025-06
In September 2025, the FASB issued ASU No. 2025-06, Intangibles—Goodwill and Other—Internal-Use Software (Subtopic 350-40) (ASU 2025-06), which provides accounting guidance to modernize the accounting for internal-use software costs. The amendments replace the prior stage-based model with a principles-based approach, removing all references to project stages and instead focusing on the two remaining criteria for capitalization, being (i) management has authorized and committed to the funding for the software project and (ii) it is probable a project will be completed and used as intended. Until both of these criteria are met, all software development costs should be expensed as incurred. ASU 2025-06 is effective for annual and interim periods beginning after December 15, 2027, with early adoption permitted. Entities may apply the amendments prospectively, retrospectively, or using a modified retrospective approach. We are currently evaluating the impact of ASU 2025-06 on our consolidated financial statements.
v3.25.4
Summary of Significant Accounting Policies
 12 Months Ended
Dec. 31, 2025
Accounting Policies [Abstract]  
Summary of Significant Accounting Policies Summary of Significant Accounting Policies
Estimates
The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities at the date of the financial statements and the reported amounts of revenue and expenses during the reporting period. Estimates and assumptions are used in accounting for, among other things, the valuation of acquisition-related assets and liabilities, expected credit losses, programming and copyright expenses, deferred income taxes and related valuation allowances, loss contingencies, fair value measurements, impairment assessments, capitalization of internal costs associated with construction and installation activities, useful lives of long-lived assets and actuarial liabilities associated with certain benefit plans. Actual results could differ from those estimates.
Reclassifications
Certain prior year amounts have been reclassified to conform to the current year presentation.
Principles of Consolidation
The accompanying consolidated financial statements include our accounts and the accounts of all voting interest entities where we exercise a controlling financial interest through the ownership of a direct or indirect controlling voting interest and variable interest entities for which our company is the primary beneficiary. Intercompany accounts have been eliminated in consolidation.
Cash and Cash Equivalents
Cash equivalents consist of money market funds and other investments that are readily convertible into cash and have maturities of three months or less at the time of acquisition. We record money market funds at the net asset value as there are no restrictions on our ability, contractual or otherwise, to redeem our investments.
Receivables
We have trade and notes receivables that are each reported net of an allowance for expected credit losses.
Our notes receivable consist of EIP receivables due from customers under contracts that range between a period of 12 to 36 months, depending on the market. The long-term portions of our notes receivable, net of allowances for expected credit losses, are $75 million and $80 million at December 31, 2025 and 2024, respectively, and are included in other assets, net, in our consolidated balance sheets.
From time to time, we may sell our trade or notes receivables to third parties. We recognize the sale of these receivables to the extent that transfer represents either (i) an entire financial asset, or (ii) a ratable participating interest, which remains constant throughout the life of the loan, with neither party senior to the other. We then evaluate whether control over the asset has been surrendered based on certain criteria, including legal isolation, actual control and effective control. To the extent the receivable does not meet the requirements of a sale, we continue to recognize the receivable and record any cash received as a debt on our consolidated balance sheet and as a financing inflow in our consolidated statement of cash flows. During 2025, 2024 and 2023, we generated approximately $48 million, $50 million, and $32 million, respectively, from the sale of receivables to third parties that is reflected in cash provided by operating activities in our consolidated statements of cash flows.
Concentration of credit risk with respect to trade and notes receivables is limited due to the large number of customers and their dispersion across many different countries, with the exception of $78 million and $118 million for December 31, 2025 and 2024, respectively, due from a single government.
The allowances on each of our trade and notes receivables are established using our best estimates of current expected credit losses based upon, among other things, actual credit loss experience over the prior 12-month period, recent collection trends, prevailing and anticipated economic conditions and specific customer credit risk. Receivables outstanding greater than 30 days are considered past due and we generally write-off receivables after they become past due for 365 days, with the exception of amounts due from certain governments.
The aggregate changes in our allowance for expected credit losses associated with our trade receivables, and current and long-term notes receivables are set forth below:
Year ended December 31,
202520242023
in millions
Beginning balance$157.2 $91.6 $101.1 
Provision for expected losses, net104.4 141.7 71.5 
Write-offs, net of recoveries(90.3)(75.8)(84.0)
Foreign currency translation adjustments and other1.7 (0.3)3.0 
Ending balance$173.0 $157.2 $91.6 
Investments
From time to time, we may hold investments in (i) equity method investments; (ii) cost method investments, and (iii) available-for-sale method investments.
We apply the equity method to investments when we have the ability to exercise significant influence over the operating and financial policies of the investee. Under the equity method, investments are originally recorded at cost and are adjusted to recognize our share of net earnings or losses of the affiliates as they occur with our recognition of losses generally limited to the extent of our investment in, and advances and commitments to, the investee. Our share of the investee’s net earnings or losses is included in other income or expense, net, in our consolidated statements of operations.
We continually review our equity method investments, available-for-sale debt securities and cost-basis investments to determine whether a decline in fair value below the cost basis is other-than-temporary. If it has been determined that an investment has sustained an other-than-temporary decline in value, we estimate the fair value and record an impairment charge if the carrying value of the investment exceeds its estimated fair value. Any impairment charges are recorded in other income or
expense, net, in our consolidated statements of operations. For additional information regarding our fair value measurements, see note 4.
WOW
During February 2021, we acquired a minority interest in WOW, primarily a broadband internet service provider in Peru, in which we have continued to make investments through December 31, 2025. We account for our investment in WOW as an equity method investment. As of December 31, 2025 and 2024, our investment in WOW, including shares and certain loans, totaled $88 million and $87 million, respectively, which represents equity ownership percentages of just under 50% at each date. Our share of WOW losses for the years ended December 31, 2025, 2024 and 2023 were not material to the consolidated financial statements.
Financial Instruments
Due to the short maturities of cash and cash equivalents, trade and other receivables, notes receivable, other current assets, accounts payable, accrued liabilities and other accrued and current liabilities, their respective carrying values approximate their respective fair values. For information concerning the fair values of our derivative and debt instruments, see notes 6 and 9, respectively. For information regarding how we arrive at certain of our fair value measurements, see note 4.
Derivative Instruments
Our derivative instruments, excluding our Weather Derivatives, are recorded in our consolidated balance sheets at fair value, whether designated as a hedge or not. If the derivative instrument is not designated as a hedge, changes in the fair value of the derivative instrument are recognized in earnings. If the derivative instrument is designated as a cash flow hedge, the effective portions of changes in the fair value of the derivative instrument are recorded in other comprehensive earnings or loss and subsequently reclassified into our consolidated statements of operations when the hedged forecasted transaction affects earnings. Ineffective portions of changes in the fair value of cash flow hedges are recognized in realized and unrealized gains or losses on derivative instruments in our consolidated statements of operations. With the exception of certain foreign currency forward contracts, we do not apply hedge accounting to our derivative instruments.
The reported fair values of our derivative instruments likely will not represent the value that will be paid or received upon the ultimate settlement or disposition of these assets and liabilities, as we expect that the values realized generally will be based on market conditions at the time of settlement.
The net cash received or paid related to our derivative instruments is classified as an operating, investing or financing activity in our consolidated statements of cash flows based on the objective of the derivative instrument and the classification of the applicable underlying cash flows, as follows:
•cross-currency and interest rate derivative contracts: the net cash paid or received related to principal and current interest is classified as a financing or operating activity, respectively;
•foreign currency forward contracts that are used to hedge operating expenditures: the net cash paid or received is classified as an operating activity;
•foreign currency forward contracts that are used to hedge capital expenditures: the net cash paid or received is reflected in capital expenditures, net, which are classified as an investing activity;
•foreign currency forward contracts that are used to hedge principal exposure on foreign currencies: the net cash paid or received is classified as a financing activity; and
•derivative contracts that are terminated prior to maturity: the cash paid or received upon termination that relates to future periods is classified as a financing activity.
For additional information regarding our derivative instruments, see note 6.
Inventories
Inventories consist primarily of mobile handset devices and accessories and are valued at the lower of cost or net realizable value. We maintain inventory valuation reserves for obsolete and slow-moving inventory based on analysis of recent historical sales activity and current retail, stand-alone selling prices. We record sales of inventories under the average cost method.
Property and Equipment
Property and equipment are stated at cost less accumulated depreciation. We capitalize costs associated with the construction of new cable and mobile transmission and distribution facilities and the installation of new cable services. The nature and amount of labor and other costs to be capitalized with respect to construction and installation activities involves judgment. In addition to direct external and internal labor and materials, we also capitalize other costs directly attributable to our construction and installation activities, including dispatch costs, quality-control costs, vehicle-related costs and certain warehouse-related costs. The capitalization of these costs is based on time sheets, time studies, standard costs, call tracking systems and other verifiable means that directly link the costs incurred with the applicable capitalizable activity. We continuously monitor the appropriateness of our capitalization policies and update the policies when necessary to respond to changes in facts and circumstances, such as the development of new products and services and changes in the manner that installations or construction activities are performed. Installation activities that are capitalized include (i) the initial connection (or drop) from our cable system to a customer location, (ii) the replacement of a drop and (iii) the installation of equipment for additional services, such as digital cable, telephone or broadband internet service. The costs of other customer-facing activities, such as reconnecting and disconnecting customer locations and repairing or maintaining drops, are expensed as incurred.
We capitalize internal and external costs directly associated with the development of internal-use software. Capitalized internal-use software is included as a component of property and equipment. We also capitalize costs associated with the purchase of software licenses. Costs associated with software obtained in a hosting arrangement are expensed over the life of the service contract, unless we have the right to take possession of the software at any time without significant penalty and it is feasible to run the software on our own hardware or contract with another party unrelated to the vendor to host the software. Maintenance and training costs, as well as costs incurred during the preliminary stage of an internal-use software development project, are expensed as incurred.
Depreciation is computed using the straight-line method over the estimated useful life of the underlying asset. Equipment under finance leases is amortized on a straight-line basis over the shorter of the lease term or estimated useful life of the asset and is included in depreciation and amortization in our consolidated statements of operations. Useful lives used to depreciate our property and equipment are assessed periodically and are adjusted when warranted. The useful lives of cable and mobile distribution systems that are undergoing a rebuild are adjusted such that property and equipment to be retired will be fully depreciated by the time the rebuild is completed. For additional information regarding the useful lives of our property and equipment, see note 7.
Additions, replacements and improvements that extend the asset life are capitalized. Repairs and maintenance are expensed as incurred.
Intangible Assets
Our primary intangible assets relate to goodwill, customer relationships, spectrum licenses and cable television franchise rights. Goodwill represents the excess purchase price over the fair value of the identifiable net assets acquired in a business combination. Customer relationships, spectrum licenses and cable television franchise rights that are acquired in connection with a business combination are initially recorded at their fair values.
Goodwill and other intangible assets with indefinite useful lives are not amortized, but instead are tested for impairment at least annually. Intangible assets with finite lives are amortized on a straight-line basis over their respective estimated useful lives to their estimated residual values and reviewed for impairment.
Spectrum licenses provide us with the exclusive right to utilize a certain radio frequency spectrum to provide wireless communications services. In most of our markets, spectrum licenses are time-limited and renewals generally must be purchased at rates established by local authorities. Spectrum licenses in these markets are therefore amortized over a finite period. In Puerto Rico and the USVI, spectrum licenses are typically held for perpetuity with the exception of CBRS spectrum which has a priority term of 10 years. Moreover, we do not believe there are significant legal, regulatory, contractual, competitive,
economic or other factors that would impact the useful lives of these licenses. As such, we treat spectrum licenses in Puerto Rico as indefinite-lived intangible assets. We believe we will be able to meet all requirements necessary to secure renewal of our spectrum licenses. For additional information regarding the useful lives of our intangible assets, see note 7.
Impairment of Property and Equipment and Intangible Assets
When circumstances warrant, we review the carrying amounts of our property and equipment and our intangible assets (other than goodwill and other indefinite-lived intangible assets) to determine whether such carrying amounts continue to be recoverable. Such changes in circumstance may include (i) the impact of natural disasters, such as hurricanes, (ii) an expectation of a sale or disposal of a long-lived asset or asset group, (iii) adverse changes in market or competitive conditions, (iv) an adverse change in legal factors or business climate in the markets in which we operate and (v) operating or cash flow losses. For purposes of impairment testing, long-lived assets are grouped at the lowest level for which cash flows are largely independent of other assets and liabilities, generally at or below the reporting unit level (see below). If the carrying amount of the asset or asset group is greater than the expected undiscounted cash flows to be generated by such asset or asset group, an impairment adjustment is recognized. Such adjustment is measured by the amount that the carrying value of such asset or asset group exceeds its fair value. We generally measure fair value by considering (i) sale prices for similar assets, (ii) discounted estimated future cash flows using an appropriate discount rate and/or (iii) estimated replacement cost. Assets to be disposed of are recorded at the lower of their carrying amount or fair value less costs to sell.
We evaluate goodwill and other indefinite-lived intangible assets for impairment at least annually on July 1 and whenever facts and circumstances indicate that the fair value of a reporting unit or an indefinite-lived intangible asset may be less than its carrying value. For impairment evaluations with respect to both goodwill and other indefinite-lived intangibles, we first make a qualitative assessment to determine if the goodwill or other indefinite-lived intangible may be impaired. In the case of goodwill, if it is more likely than not that a reporting unit’s fair value is less than its carrying value, we then compare the fair value of the reporting unit to its respective carrying amount. A reporting unit is an operating segment or one level below an operating segment. Goodwill impairment is recorded as the excess of a reporting unit’s carrying value over its fair value and is charged to operations as an impairment loss. With respect to other indefinite-lived intangible assets, if it is more likely than not that the fair value of an indefinite-lived intangible asset is less than its carrying value, we then estimate its fair value and any excess of the carrying value over the fair value is also charged to operations as an impairment loss. For additional information regarding the fair value measurements of our property and equipment and intangible assets, see note 4. For additional information regarding impairments, see note 7.
Contract Assets
When we transfer goods or services to a customer but do not have an unconditional right to payment, we record a contract asset. Contract assets are reclassified to trade receivables, net, in our consolidated balance sheet at the point in time we have the unconditional right to payment. The long-term portions of contract assets are $185 million and $149 million as of December 31, 2025 and 2024, respectively, and are included in other assets, net, in our consolidated balance sheets.
Deferred Revenue
We record deferred revenue when we have received payment prior to transferring goods or services to a customer. Deferred revenue primarily relates to (i) advanced payments on fixed subscription services, mobile airtime services and long-term capacity contracts and (ii) deferred installation and other upfront fees. Our aggregate current and long-term deferred revenue as of December 31, 2025 and 2024 was $209 million and $214 million, respectively.
Operating Leases
Our operating leases primarily consist of (i) property leases for mobile tower locations that generally have initial terms of five to ten years with one or more renewal options, and (ii) lease commitments for (a) retail stores, offices and facilities, (b) other network assets and (c) other equipment. It is expected that in the normal course of business, operating leases that expire generally will be renewed or replaced by similar leases. For additional information regarding our leases, see note 8.
We classify leases with a term of greater than 12 months where substantially all risks and rewards incidental to ownership are retained by the third-party lessors as operating leases. We record a right-of-use asset and an operating lease liability at inception of the lease at the present value of the lease payments plus certain other payments, including variable lease payments and amounts probable of being owed by us under residual value guarantees. Payments made under operating leases, net of any
incentives received from the lessors, are recognized to expense on a straight-line basis over the term of the lease. Initial direct costs incurred in negotiating and arranging operating leases are recognized to expense when incurred. Contingent rental payments are recognized to expense when incurred. Our operating lease expense is included in facility, provision, franchise and other expense, which is included in other operating costs and expenses in our consolidated statements of operations. Our right-of-use assets and non-current operating lease liabilities are included in other assets, net, and other long-term liabilities, respectively, in our consolidated balance sheets.
We use a credit-adjusted discount rate to measure our operating lease liabilities. We derive the discount rates associated with each of our borrowing groups by firstly constructing a credit curve which is based on the implied credit spread between the risk free rate (generally U.S. dollar denominated U.S. Treasuries) and a credit curve constructed using an index of observable U.S. dollar denominated fixed rate corporate bonds issued by U.S. telecommunications companies with the same rating as the respective borrowing group. Next, we apply a linear fixed spread to this credit curve reflecting the difference between the observable price on the longest tradable debt instrument in each borrowing group and the credit curve at the maturity date of the observed debt instrument. Lastly, we make adjustments for all tenors to correct for the collateralized interest rate spread by comparing unsecured debt to asset-backed securities (secured debt) trades; this adjustment is based on the difference between the index of observable U.S. dollar denominated fixed rate corporate bonds issued by U.S. telecommunications companies with the same rating as the borrowing group and a similar index for companies rated one-class higher on the rating-code scale.
Income Taxes
The income taxes of Liberty Latin America are presented on a standalone basis, and each tax paying entity or group within Liberty Latin America is presented on a separate return basis. Income taxes are accounted for under the asset and liability method. We recognize deferred tax assets and liabilities for the future tax consequences attributable to differences between the financial statement carrying amounts and income tax basis of assets and liabilities and the expected benefits of utilizing net operating loss and tax credit carryforwards, using enacted tax rates in effect for each taxing jurisdiction in which we operate for the year in which those temporary differences are expected to be recovered or settled. We recognize the financial statement effects of a tax position when it is more-likely-than-not, based on technical merits, that the position will be sustained upon examination. Net deferred tax assets are then reduced by a valuation allowance if we believe it is more-likely-than-not that such net deferred tax assets will not be realized. Certain of our valuation allowances are associated with entities that we acquired in business combinations. The effect on deferred tax assets and liabilities of a change in tax rates is recognized in earnings in the period that includes the enactment date. Deferred tax liabilities related to investments in foreign entities and foreign corporate joint ventures that are essentially permanent in duration are not recognized until it becomes apparent that such amounts will reverse in the foreseeable future. To be considered essentially permanent in duration, sufficient evidence must indicate that the foreign entity has invested or will invest its undistributed earnings indefinitely, or that earnings will be remitted in a tax-free liquidation. Interest and penalties related to income tax liabilities are included in income tax benefit or expense in our consolidated statements of operations.
For additional information regarding our income taxes, see note 13.
Foreign Currency Translation and Transactions
The reporting currency of Liberty Latin America is the U.S. dollar. The functional currency of our foreign operations is the applicable local currency for each foreign entity. Assets and liabilities of our foreign subsidiaries (including intercompany balances for which settlement is not anticipated in the foreseeable future) are translated at the spot rate in effect at the applicable reporting date. With the exception of certain material transactions, the amounts reported in our consolidated statements of operations are translated at the average exchange rates in effect during the applicable period. The resulting unrealized cumulative translation adjustment, net of applicable income taxes, is recorded as a component of accumulated other comprehensive earnings or loss in our consolidated statements of equity. With the exception of certain material transactions, the cash flows from our operations in foreign countries are translated at the average rate for the applicable period in our consolidated statements of cash flows. The impacts of material transactions generally are recorded at the applicable spot rates in our consolidated statements of operations and cash flows. The effect of exchange rates on cash balances held in foreign currencies are separately reported in our consolidated statements of cash flows.
Transactions denominated in currencies other than our or our subsidiaries’ functional currencies are recorded based on exchange rates at the time such transactions arise. Changes in exchange rates with respect to monetary assets and liabilities
denominated in a non-functional currency result in transaction gains and losses that are reflected in our consolidated statements of operations as unrealized (based on the applicable period end exchange rates) or realized upon settlement of the transactions.
Revenue Recognition
We categorize revenue into two major categories: (i) residential revenue, which includes revenue from fixed and mobile services provided to residential customers, and (ii) B2B revenue, which includes enterprise revenue and wholesale revenue. For additional information regarding our revenue by major category, see note 17. Our revenue recognition policies are as follows:
General. Most of our fixed and mobile residential contracts are not enforceable or do not contain substantive early termination penalties. Accordingly, revenue relating to these customers is recognized on a basis consistent with customers that are not subject to contracts. We account for customer service revenue contracts that include both non-lease and lease components as a single component in all instances where the non-lease component is the predominant component of the arrangement and the other applicable criteria are met.
Residential Fixed and B2B Service Revenue – Fixed Networks. We recognize revenue from video, broadband internet and fixed-line telephony services over our fixed networks to customers in the period the related residential fixed or B2B services are provided. Installation or other upfront fees related to services provided over our fixed networks are generally deferred and recognized as subscription revenue over the contractual period, or longer if the upfront fee results in a material renewal right. We defer upfront installation and certain non-recurring fees received on B2B contracts where we maintain ownership of the installed equipment. The deferred fees are amortized into revenue on a straight-line basis over the term of the arrangement or the expected period of performance.
We may also sell video, broadband internet and fixed-line telephony services to our customers in bundled packages at a rate lower than if the customer purchased each product on a standalone basis. Arrangement consideration from bundled packages generally is allocated proportionally to the individual service based on the relative standalone price for each respective product or service.
Mobile Revenue – General. Consideration from mobile contracts is allocated to airtime services and handset sales based on the relative standalone prices of each performance obligation.
Mobile Revenue – Airtime Services. We recognize revenue from mobile services in the period the related services are provided. Payments received from prepaid customers are recorded as deferred revenue prior to the commencement of services and are recognized as revenue as the services are rendered or usage rights expire.
Mobile Revenue – Handset Revenue. Arrangement consideration allocated to handsets is recognized as revenue when the goods have been transferred to the customer.
Wholesale Revenue – Long-term Contracts. We enter into certain long-term (i) capacity contracts with customers where the customer either pays a fixed fee over time or prepays for the capacity upfront and pays a portion related to operating and maintenance of the network over time and (ii) contracts with customers related to the construction of subsea cable systems where we recognize revenue over time, generally using an output method. With respect to long-term prepaid contracts, we assess whether such contracts contain a significant financing component. If the financing component is significant, interest expense is accreted over the life of the contract using the effective interest method. The revenue associated with prepaid contracts is deferred and generally recognized on a straight-line basis over the life of the contract. As of December 31, 2025, we have approximately $370 million of unfulfilled performance obligations relating to our long-term contracts that generally will be recognized as revenue over an average remaining life of four years.
Government Funding Revenue. From time to time, we receive funds from the FCC, primarily in Puerto Rico, where funds were established in an effort to restore, expand and upgrade fixed and mobile networks in Puerto Rico and USVI. We recognize funds granted from the FCC as other revenue in the period in which we are entitled to receive the funds, as the FCC does not meet the definition of a “customer.”
Sales, Use and Other VAT. Revenue is recorded net of applicable sales, use and other value-added taxes.
Share-based Compensation
We recognize compensation expense associated with share-based incentive awards based on their grant-date fair values. The grant-date fair values for SARs and PSARs are estimated using the Black-Scholes-Merton valuation model, and the grant-date fair values for RSUs and PSUs are based upon the closing market price of our shares on the date of grant. The grant-date fair values of LTVP awards are determined as a percentage of annual employee base compensation. We may also settle annual bonus-related obligations in the form of equity. We use the liability-based method of accounting in such situations, as the equity to be issued is variable. We use the legal life of the award for the expected life of SARs granted to executives. For SARs granted to non-executives, the expected life is calculated using the “simplified method” as we do not have sufficient historical exercise data. The expected volatility of SARs is based on a weighted average calculation that may include (i) data from a comparable group of peer companies, and/or (ii) Liberty Latin America’s share trading history. We recognize the grant-date fair value of outstanding awards as a charge to operations over the requisite service period, which is generally the vesting period, and account for forfeitures as they occur. We use the straight-line method to recognize share-based compensation expense for share-based incentive awards that do not contain a performance condition and the accelerated expense attribution method for our share-based incentive awards that contain a performance condition and vest on a graded basis.
For additional information regarding our share-based compensation, see note 12.
Restructuring Charges
We recognize restructuring charges primarily related to employee severance as part of reorganization activities that may happen from time to time. Restructuring charges are included in impairments, restructuring and other operating items, net, in the consolidated statement of operations.
We incurred restructuring charges of $52 million, $39 million and $34 million, and made cash payments of $52 million, $29 million, and $27 million during the years ended December 31, 2025, 2024 and 2023, respectively.
Litigation Costs
Legal fees and related litigation costs are expensed as incurred.
v3.25.4
Fair Value Measurements
 12 Months Ended
Dec. 31, 2025
Fair Value Disclosures [Abstract]  
Fair Value Measurements Fair Value Measurements
General
U.S. GAAP provides for a fair value hierarchy that prioritizes the inputs to valuation techniques used to measure fair value into three broad levels. Level 1 inputs are quoted market prices in active markets for identical assets or liabilities that the reporting entity has the ability to access at the measurement date. Level 2 inputs are inputs other than quoted market prices included within Level 1 that are observable for the asset or liability, either directly or indirectly. Level 3 inputs are unobservable inputs for the asset or liability.
All of our Level 2 inputs (interest rate futures, swap rates and certain of the inputs for our weighted average cost of capital calculations) and certain of our Level 3 inputs (non-interest rate curves and credit spreads) are obtained from pricing services. These inputs, or interpolations or extrapolations thereof, are used in our internal models to calculate, among other items, yield curves, forward interest and currency rates and weighted average cost of capital rates. In the normal course of business, we receive market value assessments from the counterparties to our derivative contracts. Although we compare these assessments to our internal valuations and investigate unexpected differences, we do not otherwise rely on counterparty quotes to determine the fair values of our derivative instruments. The midpoints of applicable bid and ask ranges generally are used as inputs for our internal valuations.
Recurring Fair Value Measurements
Derivatives
In order to manage our interest rate and foreign currency exchange risk, we have entered into various derivative instruments, as further described in note 6. We use the fair value method to account for most of our derivative instruments. The recurring fair value measurements of these derivative instruments are determined using discounted cash flow models. Most of the inputs to these discounted cash flow models consist of, or are derived from, observable Level 2 data for substantially the full
term of these derivative instruments. This observable data mostly includes interest rate futures and swap rates, which are retrieved or derived from available market data. Although we may extrapolate or interpolate this data, we do not otherwise alter this data in performing our valuations. We incorporate a credit risk valuation adjustment in our fair value measurements to estimate the impact of both our own nonperformance risk and the nonperformance risk of our counterparties. Our and our counterparties’ credit spreads represent our most significant Level 3 inputs, and these inputs are used to derive the credit risk valuation adjustments with respect to these instruments. As we would not expect changes in our or our counterparties’ credit spreads to have a significant impact on the valuations of these instruments, we have determined that these valuations fall under Level 2 of the fair value hierarchy. Our credit risk valuation adjustments with respect to our interest rate derivative contracts are further explained in note 6.
Non-recurring Fair Value Measurements
Fair value measurements may also be used for purposes of non-recurring valuations performed in connection with our acquisition accounting and impairment assessments.
Hurricane Melissa
In late October 2025, the island of Jamaica was impacted by Hurricane Melissa with significant damage to homes, businesses and infrastructure, particularly in the southwest of the island and moderate damage in the northwest. The effects of the hurricane were deemed to constitute triggering events with respect to the need to assess certain assets for impairment. The impairment recorded reflects our assessment of property and equipment that were damaged and destroyed and are no longer in use. For additional information regarding the impairment charge related to Hurricane Melissa, see note 7.
Acquisition Accounting
During 2024, we performed certain non-recurring valuations related to the acquisition accounting for the LPR Acquisition. For information related to the final opening balance sheet associated with the LPR Acquisition, see note 5.
Non-recurring valuations associated with acquisition accounting use significant unobservable inputs and therefore fall under Level 3 of the fair value hierarchy. The non-recurring valuations associated with the LPR Acquisition primarily include the valuation of customer relationships and spectrum intangible assets. These valuations are further described below:
•Customer relationships. The valuation of customer relationships is primarily based on an excess earnings methodology, which is a form of a discounted cash flow analysis. The excess earnings methodology for customer relationship intangible assets requires us to estimate the specific cash flows expected from the acquired customer relationships, considering such factors as estimated customer life, the revenue expected to be generated over the life of the customer relationships, contributory asset charges and other factors.
•Spectrum intangible assets. The valuation of spectrum intangible assets may use either an adjusted market-based approach, which requires the calibration of observable market inputs to reflect the fair value of the assets acquired, or a combination of an adjusted market-based approach with other methods, such as an income-based approach, which requires a wide range of assumptions and inputs, including forecasting costs associated with building a complementary asset base.
•Property and equipment. The valuation of property and equipment may use either an indirect cost approach, which utilizes trends based on historical cost information, or a combination of indirect cost approach, market approach and direct replacement cost method, which considers factors such as current prices of the same or similar equipment, the age of the equipment and economic obsolescence.
Impairment Assessment
We performed non-recurring valuations associated with impairments of our spectrum license intangible assets and goodwill. As further discussed below, these assessments use significant unobservable inputs and therefore fall under Level 3 of the fair value hierarchy. For purposes of the goodwill impairment assessment, unless a reporting unit has a readily determinable fair value, we estimate the fair value of the reporting unit using either a market-based or income-based approach.
Spectrum License Intangible Assets
During 2025, and in response to the cumulative impact of challenges stemming from the migration of customers acquired from AT&T to Liberty Puerto Rico’s mobile network and other various network challenges that impacted these mobile customers, including a slower than expected recovery, we concluded that a triggering event occurred requiring an assessment of the fair value of our spectrum license intangible asset at Liberty Puerto Rico.
We used a market approach for purposes of the quantitative impairment assessment to value our owned spectrum license intangible assets at Liberty Puerto Rico using a range of values established largely through industry benchmarks, FCC auction data, and precedent transactions, which falls under Level 3 of the fair value hierarchy. Based on this valuation, the fair value of the owned spectrum assets at Liberty Puerto Rico were less than the respective carrying value, and as a result, we recorded an impairment loss of $494 million during the year ended December 31, 2025. The impairment is reflected in impairment, restructuring and other operating items, net, in the consolidated statements of operations, the carrying value of which was $777 million after the impairment loss. The impairment loss was driven by the lower fair value, primarily attributed to a result of challenges related to the operationalization of this spectrum.
Goodwill
For purposes of our annual goodwill impairment assessments, we used an income approach to determine the estimated fair values of our reporting units. Under this approach, we utilized a discounted cash flow model as the valuation technique to estimate the fair values of the reporting units from a market participant’s perspective. This approach uses certain inputs and assumptions that require estimates and judgments, including forecasted cash flows and appropriate discount rates. Forecasts of future cash flows are largely based on our assumptions using Level 3 inputs, which we consider to be consistent with a market participant’s approach. We used the weighted-average cost of capital for each reporting unit as the basis for the discount rate to establish the present value of the expected cash flows for the respective reporting unit. The inputs for our weighted average cost of capital calculations include Level 2 and Level 3 inputs, generally derived from third-party pricing services.
Based upon the results of the aforementioned analyses, we (i) recognized a goodwill impairment charge associated with our Liberty Puerto Rico reporting unit during 2024, as further described in note 7, and (ii) did not recognize any goodwill impairment charges during 2025.
For additional information regarding goodwill impairment charges, see note 7.
v3.25.4
Acquisitions
 12 Months Ended
Dec. 31, 2025
Business Combination, Asset Acquisition, Transaction between Entities under Common Control, and Joint Venture Formation [Abstract]  
Acquisitions Acquisition
LPR Acquisition. On November 6, 2023, we entered into an agreement with EchoStar to acquire EchoStar’s prepaid business and spectrum assets in Puerto Rico and USVI in exchange for cash and international roaming credits. The aggregate cash consideration of $256 million is due in four annual installments. We paid $95 million on the closing date, September 3, 2024, $72 million became due on September 3, 2025, and $45 million and $40 million will become due September 3, 2026 and 2027, respectively. Our deferred payment obligation is recorded at its net present value, of which the current portion is included in other accrued and current liabilities in our consolidated balance sheets and the long-term portion is included in other long-term liabilities in our consolidated balance sheets.
The following table sets forth a reconciliation of the stated purchase price to the net cash paid (in millions):
Stated purchase price
$255.8 
International roaming credits, net present value adjustment and net working capital adjustments, net (a)(20.2)
Total consideration235.6 
Consideration outstanding (b)140.2 
Total cash paid for acquisition$95.4 
(a)Represents the (i) fair value of approximately $7 million assigned to international roaming credits to be provided to EchoStar in addition to the stated purchase price, (ii) the difference between the stated purchase price and the net present value of the deferred payment obligation for the LPR Acquisition, which will be amortized to interest expense over the remaining payment term of the cash installments, and (iii) net working capital adjustments that were not cash settled as of December 31, 2024.
(b)Represents the (i) net present value of our deferred payment obligation, as further described above, (ii) the fair value of international roaming credits and (iii) certain working capital adjustments that have not yet been cash settled. The current portion of our deferred payment obligation is recorded to other accrued and current liabilities in our consolidated balance sheet and the long-term portion is recorded to other long-term liabilities in our consolidated balance sheets.
We have accounted for the LPR Acquisition as a business combination using the acquisition method of accounting, whereby the total purchase price was allocated to the acquired identifiable net assets based on assessments of their respective fair values, and the excess of the purchase price over the fair values of these identifiable net assets was allocated to goodwill. A summary of the purchase price and the opening balance sheet associated with the LPR Acquisition at the September 3, 2024 acquisition date is presented in the following table. The opening balance sheet presented below reflects our final purchase price allocation (in millions):
Goodwill (a)$14.6 
Intangible assets not subject to amortization (b)215.4 
Intangible assets subject to amortization (c)7.2 
Other accrued and current liabilities(1.6)
Total purchase price$235.6 
(a)The goodwill recognized in connection with the LPR Acquisition is primarily attributable to (i) competitive advantages resulting from the acquisition of spectrum in the region and (ii) synergies that are expected to be achieved through the integration of the acquired prepaid mobile business with Liberty Latin America’s existing business in Puerto Rico and USVI. We expect that all of the goodwill resulting from the LPR Acquisition will be deductible for tax purposes.
(b)Represents the then estimated fair value of spectrum licenses.
(c)Represents the estimated fair value of the acquired customer relationship intangible asset, which has a weighted average useful life of 4 years at September 3, 2024.
Our consolidated statement of operations for the year ended December 31, 2024 includes revenue and net earnings of $12 million and $1 million, respectively, attributable to the LPR Acquisition.
Supplemental Pro Forma Information
The pro forma financial information set forth in the tables below is based on available information and assumptions that we believe are reasonable. The pro forma financial information is for illustrative and informational purposes only and is not intended to represent or be indicative of what our results of operations would have been had the LPR Acquisition occurred on the date indicated nor should it be considered representative of our future financial condition or results of operations. The pro forma information set forth in the table below includes, as applicable, tax-effected pro forma adjustments primarily related to:
i.the impact of estimated costs associated with the transition services agreement entered into in connection with the LPR Acquisition;
ii.the alignment of accounting policies;
iii.interest expense related to additional borrowings in conjunction with the LPR Acquisition;
iv.interest expense related to the amortization of the discounts recognized in connection with recording our deferred payment obligation and international roaming credits associated with the LPR Acquisition at their net present values;
v.amortization expense related to acquired intangible assets; and
vi.the elimination of direct acquisition costs.
The following unaudited pro forma consolidated operating results give effect to the LPR Acquisition as if it had closed January 1, 2023.
Year ended December 31,
20242023
in millions
Revenue$4,473.3 $4,555.1 
Net loss attributable to Liberty Latin America shareholders$(684.4)$(86.7)
v3.25.4
Derivative Instruments
 12 Months Ended
Dec. 31, 2025
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Derivative Instruments Derivative Instruments
The following table provides details of the fair values of our derivative instrument assets and liabilities:
 December 31, 2025December 31, 2024
 Current (a)Long-term (a)TotalCurrent (a)Long-term (a)Total
 in millions
Assets — interest rate derivative contracts (b)$44.2 $28.2 $72.4 $81.3 $109.2 $190.5 
Liabilities (b):
Interest rate derivative contracts$7.2 $46.8 $54.0 $38.0 $8.5 $46.5 
Foreign currency forward contracts5.1 — 5.1 10.6 — 10.6 
Total$12.3 $46.8 $59.1 $48.6 $8.5 $57.1 
(a)Our current derivative assets, long-term derivative assets, current derivative liabilities and long-term derivative liabilities are included in other current assets, net, other assets, net, other accrued and current liabilities and other long-term liabilities, respectively, in our consolidated balance sheets.
(b)We consider credit risk relating to our nonperformance and the nonperformance of our counterparties in the fair value assessment of our derivative instruments. In all cases, the adjustments take into account offsetting liability or asset positions within each of our primary borrowing groups (see note 9) and are recorded in realized and unrealized gains or
losses on derivative instruments, net, in our consolidated statements of operations. For further information regarding our fair value measurements, see note 4.
The derivative assets set forth in the table above exclude our Weather Derivatives, as they are not accounted for at fair value. The premium payments associated with our Weather Derivatives are included in other current assets, net, in our consolidated balance sheets.
The details of our realized and unrealized gains (losses) on derivative instruments, net, are as follows:
Year ended December 31,
 202520242023
 in millions
Interest rate and cross-currency derivative contracts$(63.4)$76.7 $27.3 
Foreign currency forward contracts and other(7.1)(7.6)(30.6)
Weather Derivatives50.5 13.0 (30.9)
Total$(20.0)$82.1 $(34.2)
The following table sets forth the classification of the net cash inflows of our derivative instruments:
 Year ended December 31,
 202520242023
 in millions
Operating activities (a)$81.7 $94.2 $35.6 
Investing activities(1.9)(1.3)— 
Financing activities18.8 43.2 9.8 
Total$98.6 $136.1 $45.4 
(a)The 2025 amount primarily relates to (i) $81 million in net proceeds in connection with the settlement of certain Hurricane Melissa claims under our Weather Derivatives and (ii) cash outflow of $6 million related to the Liberty Puerto Rico cash-settlement of all outstanding interest rate derivative instruments. The 2024 amount primarily includes $44 million of net proceeds in connection with the settlement of certain Hurricane Beryl claims under our Weather Derivatives.
Counterparty Credit Risk
We are exposed to the risk that the counterparties to the derivative instruments of our borrowing groups will default on their obligations to us. We manage these credit risks through the evaluation and monitoring of the creditworthiness of, and concentration of risk with, the respective counterparties. In this regard, credit risk associated with our derivative instruments is spread across a relatively broad counterparty base of banks and financial institutions. Collateral has not been posted by either party under the derivative instruments of our borrowing groups. At December 31, 2025, our exposure to counterparty credit risk associated with our derivative instruments, as set forth in the assets and liabilities table above, included derivative assets with an aggregate fair value of $21 million.
Our C&W and Liberty Costa Rica borrowing groups have each entered into derivative instruments under agreements with each counterparty that contain master netting arrangements that are applicable in the event of early termination by either party to such derivative instrument. The master netting arrangements under each of these master agreements are limited to the derivative instruments governed by the relevant master agreement within each individual borrowing group and are independent of similar arrangements of our other subsidiary borrowing groups.
Details of our Derivative Instruments
Interest Rate Derivative Contracts
Interest Rate Swaps
We enter into interest rate swaps to protect against increases in the interest rates on our variable-rate debt. Pursuant to these derivative instruments, we typically pay fixed interest rates and receive variable interest rates on specified notional amounts. At December 31, 2025, our C&W borrowing group had an outstanding notional amount of $3,630 million due from our counterparties under interest rate swap contracts, which includes forward-starting derivative instruments, certain interest rate swap contracts with an embedded floor of 0%, and certain interest rate swap contracts where the counterparty has the right to cancel at a certain date in the future, and the related weighted average remaining contractual life was 4.6 years.
Basis Swaps
Basis swaps involve the exchange of attributes used to calculate our floating interest rates, including (i) the benchmark rate, (ii) the underlying currency and/or (iii) the borrowing period. We typically enter into these swaps to optimize our interest rate profile based on our current evaluations of yield curves, our risk management policies and other factors. At December 31, 2025, our C&W borrowing group had an outstanding notional amount of $1,180 million due from our counterparties under basis swap contracts, and the related weighted average remaining contractual life was 0.2 years.
Foreign Currency Forwards Contracts
We enter into foreign currency forward contracts with respect to non-functional currency exposure. At December 31, 2025, our Liberty Costa Rica borrowing group had foreign currency forward contracts with total notional amounts due from and to counterparties of $191 million and CRC 100 billion, respectively, with a weighted average remaining contractual life of 0.5 years.
v3.25.4
Long-lived Assets
 12 Months Ended
Dec. 31, 2025
Goodwill and Intangible Assets Disclosure [Abstract]  
Long-lived Assets Long-lived Assets
Impairment Charges
The following table sets forth the details of our impairment charges:
Liberty CaribbeanC&W PanamaLiberty NetworksLiberty Puerto RicoLiberty Costa RicaTotal
 in millions
Year ended December 31, 2025:
Spectrum (a)$— $— $— $494.0 $— $494.0 
Property and equipment and other (b)56.8 6.0 0.1 1.7 0.3 64.9 
Total impairment charges$56.8 $6.0 $0.1 $495.7 $0.3 $558.9 
Year ended December 31, 2024:
Goodwill (c)$— $— $— $515.7 $— $515.7 
Property and equipment and other8.1 7.8 4.5 2.0 0.3 22.7 
Total impairment charges$8.1 $7.8 $4.5 $517.7 $0.3 $538.4 
Year ended December 31, 2023:
Total impairment charges - property and equipment and other (d)$4.1 $51.9 $0.8 $9.4 $0.8 $67.0 
(a)During 2025, we recorded an impairment of $494 million on spectrum license intangible assets recorded at Liberty Puerto Rico. See further details of our intangible assets not subject to amortization below.
(b)During October 2025, our operations in Jamaica were significantly impacted by Hurricane Melissa resulting in extensive damage to homes, businesses and infrastructure. Based on estimates of the impacts on our Jamaica operations, we recorded impairment charges of $56 million to reduce the carrying values of our property and equipment. This impairment charge is based on our assessment of currently available information and, accordingly, it is possible that further impairment charges could be required if the adverse impacts of the hurricane or estimated costs of recovery are greater than expected. For additional information regarding the impacts of Hurricane Melissa and the fair value method and related assumptions used in our impairment assessments, see note 4.
(c)During 2024, we recorded a $516 million impairment of goodwill at our Liberty Puerto Rico reporting unit. This impairment was mainly driven by declines in revenue, primarily from mobile subscriber losses, increased bad debt and other adverse impacts largely associated with (i) the migration of customers acquired from AT&T to our mobile network and (ii) various network challenges that have impacted these mobile customers.
(d)During 2023, C&W Panama recognized impairment of certain operating lease right-of-use assets, predominantly related to decommissioned tower leases. As of December 31, 2023, these operating lease right-of-use assets were fully amortized.
Based on the results of our impairment test over intangible assets not subject to amortization and impairment test over goodwill, if, among other factors, (i) our equity values were to decline significantly, (ii) we experience additional adverse impacts associated with macroeconomic factors, including increases in our estimated weighted average cost of capital, or (iii) the adverse impacts stemming from competition, economic, regulatory or other factors were to cause our results of operations or cash flows to be worse than currently anticipated, we could conclude in future periods that additional impairment charges of certain reporting units are required in order to reduce the carrying values of goodwill and intangible assets not subject to amortization. Any such impairment charges could be significant.
For additional information regarding the fair value methods and related assumptions used in our impairment assessments, see note 4.
Goodwill
Changes in the carrying amount of our goodwill during 2025 are set forth below:
Liberty CaribbeanC&W PanamaLiberty NetworksLiberty Costa RicaTotal
 in millions
January 1, 2025$1,211.6 $617.1 $652.2 $500.1 $2,981.0 
Foreign currency translation adjustments and other(3.7)— 17.1 13.1 26.5 
December 31, 2025$1,207.9 $617.1 $669.3 $513.2 $3,007.5 
Changes in the carrying amount of our goodwill during 2024 are set forth below:
Liberty CaribbeanC&W PanamaLiberty NetworksLiberty Puerto RicoLiberty Costa RicaTotal
 in millions
January 1, 2024$1,218.1 $617.1 $655.9 $501.1 $491.2 $3,483.4 
Acquisition— — — 14.6 — 14.6 
Foreign currency translation adjustments and other(6.5)— (3.7)— 8.9 (1.3)
Impairment— — — (515.7)— (515.7)
December 31, 2024$1,211.6 $617.1 $652.2 $— $500.1 $2,981.0 
Our accumulated goodwill impairments were $3,300 million at both December 31, 2025 and 2024.
Property and Equipment, Net
The details of our property and equipment and the related accumulated depreciation are set forth below:
Estimated useful
life at
December 31, 2025		December 31,
20252024
 in millions
Distribution systems
3 to 25 years
$5,280.3 $5,181.1 
Support equipment and buildings
3 to 40 years
1,403.2 1,292.6 
CPE
3 to 5 years
965.4 948.6 
7,648.9 7,422.3 
Accumulated depreciation(4,105.2)(3,767.4)
Total depreciable assets3,543.7 3,654.9 
CIP and land
304.1 407.5 
Total property and equipment, net$3,847.8 $4,062.4 
Depreciation expense related to our property and equipment was $809 million, $833 million and $840 million during 2025, 2024 and 2023, respectively.
We recorded non-cash increases to our property and equipment related to vendor financing arrangements of $124 million $155 million and $144 million during 2025, 2024 and 2023, respectively.
Intangible Assets Not Subject to Amortization
The details of our intangible assets not subject to amortization are set forth below:
December 31,
20252024
 in millions
Spectrum licenses (a)$777.5 $1,271.5 
Cable television franchise rights and other541.8 541.8 
Total intangible assets not subject to amortization$1,319.3 $1,813.3 
(a)The 2024 amount includes $215 million of spectrum licenses attributable to the LPR Acquisition. For additional information regarding the assets acquired as part of the LPR Acquisition, see note 5.
Intangible Assets Subject to Amortization, Net
The details of our intangible assets subject to amortization, which had estimated useful lives ranging from 4 to 25 years at December 31, 2025, are set forth below:
December 31,
20252024
 in millions
Customer relationships$616.4 $898.9 
Licenses and other299.9 259.3 
916.3 1,158.2 
Accumulated amortization(555.3)(743.9)
Total intangible assets subject to amortization, net$361.0 $414.3 
Amortization expense related to intangible assets with finite useful lives was $96 million, $136 million and $168 million during 2025, 2024 and 2023, respectively.
Based on our amortizable intangible assets balance at December 31, 2025, we expect that amortization expense will be as follows for the next five years and thereafter (in millions):
2026$71.8 
202762.4 
202857.0 
202952.1 
203034.8 
Thereafter82.9 
Total$361.0 
v3.25.4
Operating Leases
 12 Months Ended
Dec. 31, 2025
Leases [Abstract]  
Operating Leases Operating Leases
The following table provides details of our operating lease expense:
Year ended December 31,
202520242023
in millions
Operating lease expense:
Operating lease cost
$135.1 $122.8 $128.0 
Short-term lease cost
24.1 27.5 29.0 
Total operating lease expense
$159.2 $150.3 $157.0 
Certain other details of our operating leases are set forth in the tables below.
December 31,
20252024
in millions
Operating lease right-of-use assets (a)$470.4 $481.2 
Operating lease liabilities:
Current$95.0 $87.5 
Long-term423.6 450.2 
Total operating lease liabilities$518.6 $537.7 
Weighted-average remaining lease term
6.6 years7.3 years
Weighted-average discount rate
8.6 %8.1 %
Year ended December 31,
202520242023
in millions
Operating cash outflows from operating leases$146.9 $131.4 $131.9 
Right-of-use assets obtained in exchange for new operating lease liabilities (a)$75.0 $95.6 $53.8 
(a)Represents non-cash transactions associated with operating leases entered into during the year, including amounts related to acquisitions, as further described in note 5.
Maturities of Operating Leases
Maturities of our operating lease liabilities as of December 31, 2025 are presented below. Amounts presented below represent U.S. dollar equivalents (in millions) based on December 31, 2025 exchange rates.
Years ending December 31:
2026$132.0 
2027115.6 
2028105.7 
202991.2 
203073.0 
Thereafter178.5 
Total operating lease liabilities on an undiscounted basis
696.0 
Present value discount(177.4)
Present value of operating lease liabilities
$518.6 
v3.25.4
Debt and Finance Lease Obligations
 12 Months Ended
Dec. 31, 2025
Debt and Lease Obligation [Abstract]  
Debt and Finance Lease Obligations Debt and Finance Lease Obligations
The U.S. dollar equivalents of the components of our debt are as follows:
 December 31, 2025Estimated fair value (c)Principal amount
Weighted
average
interest
rate (a)		Unused borrowing capacity (b)
Borrowing currencyUS $ equivalentDecember 31,December 31,
2025202420252024
in millions
C&W Notes
7.93 %— $— $1,793.8 $1,707.2 $1,755.0 $1,735.0 
C&W Credit Facilities (d)6.62 %(e)687.5 2,603.7 2,671.0 2,646.2 2,690.2 
LPR Senior Secured Notes
6.08 %— — 1,285.5 1,709.1 1,981.0 1,981.0 
LPR Credit Facilities
8.15 %$116.0 116.0 431.8 598.9 676.5 670.0 
2030 LPR Term Loan9.75 %$50.0 50.0 200.0 — 208.0 — 
LCR Credit Facilities10.43 %$60.0 60.0 538.0 481.7 515.0 450.0 
Vendor financing, Tower Transactions and other (f) (g)7.90 %— — 568.1 612.6 568.1 612.6 
Total debt before premiums, discounts and deferred financing costs7.29 %$913.5 $7,420.9 $7,780.5 $8,349.8 $8,138.8 
The following table provides a reconciliation of total debt before premiums, discounts and deferred financing costs to total debt and finance lease obligations:
December 31,
20252024
in millions
Total debt before premiums, discounts and deferred financing costs
$8,349.8 $8,138.8 
Premiums, discounts and deferred financing costs, net(79.3)(63.2)
Total carrying amount of debt
8,270.5 8,075.6 
Finance lease obligations
8.7 4.6 
Total debt and finance lease obligations
8,279.2 8,080.2 
Less: Current maturities of debt and finance lease obligations
(408.8)(465.7)
Long-term debt and finance lease obligations
$7,870.4 $7,614.5 
(a)Represents the weighted average interest rate in effect at December 31, 2025 for all borrowings outstanding pursuant to each debt instrument, including any applicable margin. The interest rates presented generally represent stated rates and do not include the impact of derivative instruments, deferred financing costs, original issue premiums or discounts and commitment fees, all of which affect our overall cost of borrowing.
(b)Unused borrowing capacity represents the maximum availability under the applicable facility at December 31, 2025 without regard to covenant compliance calculations or other conditions precedent to borrowing. At December 31, 2025, the full amount of unused borrowing capacity was available to be borrowed under each of the respective subsidiary facilities, both before and after completion of the December 31, 2025 compliance reporting requirements. At December 31, 2025, except as may be limited by tax and legal considerations, the presence of noncontrolling interests, foreign currency exchange restrictions with respect to certain C&W subsidiaries and other factors, there were no restrictions on the respective subsidiary’s ability to upstream cash from this availability to Liberty Latin America or its subsidiaries or other equity holders.
(c)The estimated fair values of our debt instruments are determined using the applicable bid prices (mostly Level 1 of the fair value hierarchy) or from quoted prices for similar instruments in active markets adjusted for the estimated credit spreads of the applicable entity, to the extent available, and other relevant factors (Level 2 of the fair value hierarchy). For additional information regarding fair value hierarchies, see note 4.
(d)Includes other facilities that are generally repaid in three annual installments.
(e)The C&W Credit Facilities unused borrowing capacity comprises certain U.S. dollar, Trinidad & Tobago dollar and JMD revolving credit facilities.
(f)Includes Tower Transactions associated with certain of our mobile towers across various markets. The Tower Transactions did not meet the criteria to be accounted for as a sale and leaseback. The proceeds from the Tower Transactions are recorded as a financial liability and the associated tower assets remain on our consolidated balance sheets. During 2025 and 2024, we received proceeds of $3 million and $9 million, respectively, related to the Tower Transactions, which are included in borrowings of debt in our consolidated statements of cash flows.
(g)Includes amounts owed pursuant to interest-bearing vendor financing arrangements that are used to finance certain of our operating expenses and property and equipment additions. These obligations are generally due within one year, other
than for certain licensing arrangements that are generally due over the term of the related license, and include VAT that was paid on our behalf by the vendor. Changes in our vendor financing obligations are set forth below:
Year ended December 31,
20252024
in millions
Balance at beginning of period$327.7 $299.1 
Operating expenses financed by an intermediary (i)201.1 198.8 
Assets acquired under capital-related vendor financing arrangements (ii)123.9 154.9 
Principal payments on vendor financing obligations (iii)(346.0)(324.5)
Foreign currency translation adjustments and other(1.2)(0.6)
Balance at end of period$305.5 $327.7 
Current portion$302.1 $324.7 
Long-term portion$3.4 $3.0 
(i)Our operating expenses include $201 million, $199 million and $177 million for 2025, 2024 and 2023, respectively, that were financed by an intermediary and are reflected on the borrowing date as a cash outflow within net cash provided or used by operating activities and a cash inflow within net cash provided or used by financing activities in our consolidated statements of cash flows.
(ii)Amounts are reflected on the borrowing date as a non-cash increase to property and equipment additions. For additional information, see notes 7 and 17.
(iii)Repayments of vendor financing obligations are included in payments of principal amounts of debt and finance lease obligations in our consolidated statements of cash flows.
General Information
At December 31, 2025, all of our outstanding debt had been incurred by one of our three primary “borrowing groups”: C&W, Liberty Puerto Rico and Liberty Costa Rica. Unless stated otherwise, all of our borrowings are denominated in U.S. dollars.
Credit Facilities. Each of our borrowing groups and unrestricted subsidiaries have entered into one or more credit facility agreements with certain financial institutions. Each of these credit facilities contain certain covenants, the more notable of which are as follows:
•Our credit facilities (with the exception of Liberty Puerto Rico unrestricted subsidiaries’ 2030 LPR Term Loan) contain certain net leverage ratios, as specified in the relevant credit facility, which are required to be complied with on an incurrence and/or maintenance basis;
•Our credit facilities contain certain restrictions which, among other things, restrict the ability of the entities of the relevant borrowing group to (i) incur or guarantee certain financial indebtedness, (ii) make certain disposals and acquisitions, (iii) create certain security interests over their assets, in each case, subject to certain customary and agreed exceptions, and (iv) make certain restricted payments to their direct and/or indirect parent companies through dividends, loans or other distributions, subject to compliance with applicable covenants;
•Our credit facilities require that certain entities of the relevant borrowing group guarantee the payment of all sums payable under the relevant credit facility and such entities are required to have first-ranking security granted over their shares and, in certain borrowing groups, over substantially all of their assets to secure the payment of all sums payable thereunder;
•In addition to certain mandatory prepayment events, the instructing group of lenders under the relevant credit facility may cancel the commitments thereunder and declare the loans thereunder due and payable after the applicable notice period following the occurrence of a change of control (as specified in the relevant credit facility);
•Our credit facilities contain certain customary events of default, the occurrence of which, subject to certain exceptions and materiality qualifications, would allow the instructing group of lenders to (i) cancel the total commitments, (ii) accelerate all outstanding loans and terminate their commitments thereunder and/or (iii) declare that all or part of the loans be payable on demand;
•Our credit facilities require entities of the relevant borrowing group to observe certain affirmative and negative undertakings and covenants, which are subject to certain materiality qualifications and other customary and agreed exceptions; and
•In addition to customary default provisions, our credit facilities generally include certain cross-default and cross-acceleration provisions with respect to other indebtedness of entities of the relevant borrowing group, subject to agreed minimum thresholds and other customary and agreed exceptions.
Senior and Senior Secured Notes. Our C&W and Liberty Puerto Rico borrowing groups have issued senior and/or senior secured notes. In general, our senior and senior secured notes (i) are senior obligations of each respective issuer within the relevant borrowing group that rank equally with all of the existing and future debt of such issuer and, in the case of our senior secured notes, are senior to all existing and future subordinated debt of each respective issuer within the relevant borrowing group, (ii) contain, in most instances, guarantees from other entities of the relevant borrowing group (as specified in the applicable indenture) and (iii) are secured by pledges over the shares of certain entities of the relevant borrowing group and, in certain instances, over substantially all of the assets of those entities. In addition, the indentures governing our senior and senior secured notes contain certain covenants, the more notable of which are as follows:
•Our notes contain certain customary incurrence-based covenants. In addition, our notes provide that any failure to pay principal prior to expiration of any applicable grace period, or any acceleration with respect to other indebtedness of the issuer or certain other members of the relevant borrowing group, over agreed minimum thresholds (as specified under the applicable indenture), is an event of default under the respective notes;
•Our notes contain certain restrictions that, among other things, restrict the ability of the entities of the relevant borrowing group to (i) incur or guarantee certain financial indebtedness, (ii) make certain disposals and acquisitions, (iii) create certain security interests over their assets, in each case, subject to certain customary and agreed exceptions and (iv) make certain restricted payments to its direct and/or indirect parent companies through dividends, loans or other distributions, subject to compliance with applicable covenants; and
•If the relevant issuer or certain of its subsidiaries (as specified in the applicable indenture) sell certain assets, such issuer must offer to repurchase the applicable notes at par, or if a change of control (as specified in the applicable indenture) occurs, such issuer must offer to repurchase all of the relevant notes at a redemption price of 101%.
Borrowing Groups – Outstanding Debt Instruments
C&W Notes
The details of the outstanding C&W Notes as of December 31, 2025 are summarized in the following table:
C&W NotesMaturityInterest
rate		Outstanding principal amountCarrying
value (a)
   in millions
2032 C&W Senior Secured NotesOctober 15, 20327.125 %$1,000.0 $990.4 
2033 C&W Senior NotesJanuary 15, 20339.000 %755.0 746.6 
Total$1,755.0 $1,737.0 
(a)Amounts are net of deferred financing costs.
Redemption Rights. The C&W Notes are subject to certain redemption rights (as specified in the applicable indenture). Some or all of the 2032 C&W Senior Secured Notes and 2033 C&W Senior Notes may be redeemed at the following redemption prices (expressed as a percentage of the principal amount) plus accrued and unpaid interest and additional amounts (as specified in the indenture), if any, to the applicable redemption date, as set forth below:
Redemption Price
2032 C&W Senior Secured Notes
2033 C&W Senior Notes
12-month period commencing:October 15January 15
2025(a)(b)
2026(a)(b)
2027103.563%(b)
2028101.781%104.500%
2029100.000%102.025%
2030 and thereafter100.000%100.000%
N/A – Not applicable.
(a)At any time prior to October 15, 2027, (i) we may redeem in whole or in part the 2032 C&W Senior Secured Notes by paying a price equal to 100% of the principal amount of the notes redeemed plus accrued and unpaid interest and an applicable premium, which is generally the redemption price on October 15, 2027 plus the present value of all remaining scheduled interest payments through October 15, 2027 using the discount rate (as specified in the indenture) as of the redemption date plus 50 basis points, (ii) we may redeem during each 12-month period commencing on the issue date up to 10% of the original aggregate principal amount of the notes at a redemption price equal to 103% of the principal amount of the notes redeemed plus accrued and unpaid interest as of the redemption date and (iii) we may redeem up to 40% of the aggregate principal amount of the 2032 C&W Senior Secured Notes with the net proceeds of one or more specified equity offerings at a redemption price equal to 107.125% of the principal amount of the notes redeemed plus accrued and unpaid interest and additional amounts (as specified in the indenture), if any, as of the redemption date.
(b)At any time prior to January 15, 2028, (i) we may redeem in whole or in part the 2033 C&W Senior Notes by paying a price equal to 100% of the principal amount of the notes redeemed plus accrued and unpaid interest and an applicable premium, which is generally the redemption price on January 15, 2028 plus the present value of all remaining scheduled interest payments through January 15, 2028 using the discount rate (as specified in the indenture) as of the redemption date plus 50 basis points, and (ii) we may redeem up to 40% of the aggregate principal amount of the 2033 C&W Senior Notes with the net proceeds of one or more specified equity offerings at a redemption price equal to 109% of the principal amount of the notes redeemed plus accrued and unpaid interest and additional amounts (as specified in the indenture), if any, as of the redemption date.
C&W Credit Facilities
The details of our borrowings under the C&W Credit Facilities as of December 31, 2025 are summarized in the following table:
C&W Credit Facilities
MaturityInterest rateUnused borrowing capacityOutstanding principal amountCarrying
value (a)
   in millions
2027 C&W RCFJanuary 30, 2027
Adjusted Term SOFR + 3.25% (b)
$152.0 $— $— 
2029 C&W RCF (c)
April 15, 2029
Term SOFR + 3.25% (b)
456.0 — — 
C&W Term Loan B-6 FacilityOctober 15, 2029
Adjusted Term SOFR + 3.0% (b)
— 590.0 585.0 
C&W Term Loan B-7 FacilityJanuary 31, 2032
Term SOFR + 3.25% (b)
— 1,530.0 1,514.9 
2028 CWP Term LoanJanuary 18, 20284.25%— 435.0 432.9 
C&W Regional Facilities (d) (e)
various dates ranging from 2026 to 2038
7.35% (f)
79.5 91.2 91.1 
Total$687.5 $2,646.2 $2,623.9 
(a)Amounts are net of discounts and deferred financing costs, as applicable.
(b)Subject to a SOFR floor of 0 basis points.
(c)Has a fee on unused commitments of 0.5% per year.
(d)The unused borrowing capacity on the C&W Regional Facilities comprises certain U.S. dollar, Trinidad & Tobago dollar and JMD denominated revolving credit facilities.
(e)The outstanding principal amount on the C&W Regional Facilities comprises certain JMD, U.S. dollar and East Caribbean dollar denominated credit facilities.
(f)Represents a weighted average rate.
LPR Senior Secured Notes
The details of the outstanding LPR Senior Secured Notes as of December 31, 2025 are summarized in the following table:
LPR Senior Secured NotesMaturityInterest rateOutstanding principal amountCarrying
value (a)
   in millions
2027 LPR Senior Secured NotesOctober 15, 20276.750%$1,161.0 $1,155.9 
2029 LPR Senior Secured NotesJuly 15, 20295.125%820.0 816.2 
Total$1,981.0 $1,972.1 
(a)Amounts are inclusive or net of original issue premiums and deferred financing costs, as applicable.
Redemption Rights. The LPR Senior Secured Notes are subject to certain redemption rights (as specified in the applicable indenture). LCPR Senior Secured Financing may redeem some or all of the 2027 LPR Senior Secured Notes and 2029 LPR Senior Secured Notes at the following redemption prices (expressed as a percentage of principal amount) plus accrued and unpaid interest and additional amounts (as specified in the applicable indenture), if any, to the applicable redemption date:
Redemption Price
2027 LPR Senior Secured Notes2029 LPR Senior Secured Notes
12-month period commencing:October 15July 15
2025100.000%101.281%
2026 and thereafter100.000%100.000%
LPR Credit Facilities
2030 LPR Credit Agreement
On September 23, 2025, through the Unrestricted Subsidiaries, we entered into the 2030 LPR Credit Agreement that provides for, among other things, (i) the 2030 LPR Term Loan, which we borrowed during the third quarter of 2025, (ii) delayed draw term loan commitments in an aggregate principal amount of $50 million and (iii) uncommitted pari passu incremental term loans of up to $350 million aggregate principal amount. 
The obligations under the 2030 LPR Credit Agreement are secured by substantially all of the assets of the Unrestricted Subsidiaries, consisting of, among other things, spectrum and fixed network assets.
2030 LPR Term Loan
The 2030 LPR Term Loan may be repaid at the option of the LPR Unrestricted Subsidiary Borrowers at any time in whole or in part, subject to payment of the following prepayment fees: (i) on or prior to the six month anniversary of the closing date (i.e., March 23, 2026), 0%; (ii) after the six month anniversary of the closing date and on or prior to the first anniversary of the closing date, 3%; (iii) after the first anniversary of the closing date and on or prior to the second anniversary of the closing date, 1.00%; and (iv) thereafter, 0%. Subsequent to December 31, 2025, we borrowed the remaining $50 million of unused borrowing capacity under the 2030 LPR Credit Agreement.
Interest on the 2030 LPR Term Loan is payable quarterly, commencing on December 31, 2025, and at maturity.
The details of our borrowings under the LPR Credit Facilities as of December 31, 2025 are summarized in the following table:
LPR Credit FacilitiesMaturityInterest rateUnused
borrowing
capacity		Outstanding principal amountCarrying
value (a)
   in millions
LPR Revolving Credit Facility (b)March 15, 2027
Adjusted Term SOFR + 3.50% 
$116.0 $56.5 $56.5 
2028 LPR Term Loan
October 15, 2028
Adjusted Term SOFR + 3.75% (c)
— 620.0 617.9 
2030 LPR Credit Agreement (d)
September 23, 20309.75%50.0 208.0 195.8 
Total$166.0 $884.5 $870.2 
(a)Amounts are net of discounts and deferred financing costs, as applicable.
(b)Has a fee on unused commitments of 0.5% per year.
(c)Subject to a SOFR floor of 0 basis points.
(d)Has a fee on unused commitments of 1.0% per year.
LCR Credit Facilities
The details of the LCR Credit Facilities as of December 31, 2025 are summarized in the following table:
LCR Credit FacilitiesMaturityInterest rateUnused
borrowing
capacity		Outstanding principal amountCarrying
value (a)
in millions
LCR Revolving Credit Facility (b)January 15, 2028
 Adjusted Term SOFR + 4.25%
$60.0 $— $— 
2031 LCR Term Loan A (c)
January 15, 203110.875%— 50.0 49.2 
2031 LCR Term Loan B (c)
January 15, 203110.875%— 400.0 390.4 
2033 LCR Term Loan AAugust 14, 2033
Term SOFR + 3.50%
— 65.0 63.1 
Total$60.0 $515.0 $502.7 
(a)Amounts are net of deferred financing costs.
(b)Has a fee on unused commitments of 0.5% per year.
(c)Subsequent to December 31, 2025, $40 million of the 2031 LCR Term Loan B outstanding principal amount was repaid at a price of 103% and $5 million of 2031 LCR Term Loan A outstanding principal amount was repaid at par.
Financing and Refinancing Activity
During May 2023, the terms of the agreements underlying the C&W Credit Facilities and the LPR Credit Facilities were amended, which resulted in (i) the replacement of LIBOR-based benchmark rates with Adjusted Term SOFR for the C&W Term Loan B-5 Facility, the C&W Term Loan B-6 Facility, the 2029 C&W RCF, the 2028 LPR Term Loan and the LPR Revolving Credit Facility for interest periods commencing after June 30, 2023, (ii) the modification of the provisions for determining an alternative rate of interest upon the occurrence of certain events relating to the availability of interest rate benchmarks and (iii) certain conforming changes. The credit adjustment spreads applicable to the aforementioned debt instruments are 0.11448%, 0.26161% and 0.42826% for interest periods of one, three and six months, respectively.
In the tables below, non-cash activity relates to borrowings that did not pass through our bank accounts, as financing proceeds from the issuance of debt were used to directly repay some or all of the outstanding debt instruments within the same borrowing group.
During 2025, borrowings related to significant notes we issued and credit facilities we drew down, entered into or amended, are as follows:
Borrowing group/BorrowerInstrumentIssued atAmount borrowed (a)Non–cash component
in millions
C&W
2027 C&W RCF (b)
N/A$117.1 $— 
C&W
2029 C&W RCF (b)
N/A$241.9 $— 
C&W2033 C&W Senior Notes100%$755.0 $— 
C&WC&W Term Loan B-7 Facility99.5%$1,522.4 $1,510.0 
Liberty Puerto Rico2030 LPR Term Loan96%$200.0 $— 
Liberty Puerto RicoLPR Revolving Credit FacilityN/A$226.1 $— 
Liberty Costa Rica2033 LCR Term Loan A100%$65.0 $— 
Liberty Costa RicaLCR Revolving Credit FacilityN/A$61.3 $— 
N/A – Not applicable.
(a)Amounts borrowed are net of original issue discounts, as applicable.
(b)The 2027 C&W RCF and 2029 C&W RCF compose the C&W Revolving Credit Facility. During 2025, the C&W Revolving Credit Facility was amended. Under the terms of the amended agreement, $460 million of commitments (i) had their maturity date extended to April 15, 2029, effective upon the refinancing of the C&W Term Loan B-5 Facility, and (ii) will automatically have their maturity date extended to January 31, 2031 upon the occurrence, if any, of the refinancing of the C&W Term Loan B-6 Facility.
During 2024, borrowings related to significant credit facilities we drew down, entered into or amended, are as follows:
Borrowing group/BorrowerInstrumentIssued atAmount borrowed
in millions
C&W
C&W Other Facilities (a)
100%$22.5 
C&W
C&W Revolving Credit Facility (b)
N/A$275.0 
C&W
2032 C&W Senior Secured Notes
100%$1,000.0 
Liberty Puerto Rico
LPR Revolving Credit Facility
N/A$120.0 
Liberty Costa Rica
LCR Revolving Credit Facility
N/A$31.0 
N/A – Not applicable.
(a)This borrowing is due in three annual installments beginning in May 2025.
(b)In September 2024, an extension agreement was executed on the 2029 C&W RCF, which extended the maturity date of a portion of the 2029 C&W RCF to: (i) July 31, 2027, upon the refinancing of the 2027 C&W Senior Secured Notes and 2027 C&W Senior Notes in full, (ii) then April 15, 2029, upon the refinancing of the C&W Term Loan B-5 Facility, and (iii) then September 24, 2029, upon the refinancing of the C&W Term Loan B-6 Facility.
During 2023, borrowings related to significant credit facilities we drew down, entered into or amended, are as follows:
Borrowing group/BorrowerInstrumentIssued atAmount borrowed
in millions
C&W
C&W Other Facilities100%$69.0 
C&W
C&W Revolving Credit FacilityN/A$40.0 
C&W
C&W Regional Facilities
N/A$20.0 
C&W
CWP Credit Facilities
N/A$10.0 
Liberty Puerto Rico
LPR Revolving Credit Facility
N/A$65.0 
Liberty Costa Rica
2031 LCR Term Loan A
100%$50.0 
Liberty Costa Rica
2031 LCR Term Loan B
100%$400.0 
Liberty Costa Rica
LCR Revolving Credit Facility (a)
N/A$— 
(a)For details on the LCR Revolving Credit Facility, see LCR Credit Facilities above.
During 2025, we made certain repurchases or repayments on the following debt instruments:
Borrowing group/BorrowerInstrumentRedemption PriceAmount paidNon-cash component
in millions
C&W
2027 C&W RCF
100%$109.7 $— 
C&W
2029 C&W RCF
100%$279.3 $— 
C&W2027 C&W Senior Notes100.859%$735.0 $— 
C&WC&W Term Loan B-5 Facility100%$1,510.0 $1,510.0 
C&WC&W Regional Facilities100%$30.5 $— 
Liberty Puerto RicoLPR Revolving Credit Facility100%$219.6 $— 
Liberty Costa RicaLCR Revolving Credit Facility100%$61.3 $— 
During 2024, we made certain repurchases or repayments on the following debt instruments:
Borrowing group/BorrowerInstrumentRedemption priceAmount paid
in millions
C&W2027 C&W Senior Secured Notes100%$495.0 
C&W
2027 C&W Senior Notes
100.859%$485.0 
C&WC&W Revolving Credit Facility100%$245.0 
C&WC&W Other Facilities100%$23.0 
C&WC&W Regional Facilities100%$20.0 
C&WCWP Revolving Credit Facility100%$10.0 
Liberty Puerto RicoLPR Revolving Credit Facility100%$70.0 
Liberty Costa RicaLCR Revolving Credit Facility100%$31.0 
Liberty Latin AmericaConvertible Notesa(a)$219.2 
(a)During 2024, we repurchased and cancelled $220 million original principal amount of the Convertible Notes at a weighted average redemption price of 99.5%. In addition, we unwound $102 million of the Convertible Notes Capped Calls for immaterial value on settlement during the first quarter of 2024 and the remaining amount expired with no value on the July 15, 2024 maturity date of the Convertible Notes.
During 2023, we made certain repurchases or repayments on the following debt instruments:
Borrowing group/BorrowerAmount paid
InstrumentRedemption priceBorrowing currencyUSD equivalent (a)
USD in millions, CRC in billions
C&WC&W Revolving Credit Facility100%$40.0 $40.0 
Liberty Puerto RicoLPR Revolving Credit Facility100%$65.0 $65.0 
Liberty Costa Rica
LCR Term Loan B-1 Facility
100%$276.7 $276.7 
Liberty Costa Rica
LCR Term Loan B-2 Facility
100%CRC79.6 $138.6 
Liberty Latin AmericaConvertible Notes(b)$173.0 $173.0 
(a)Translated at the transaction date, as applicable.
(b)During 2023, we repurchased and cancelled $182 million original principal amount of the Convertible Notes at a weighted average redemption price of 94.9%. In connection with these repurchases, we unwound $182 million of the related Convertible Notes Capped Calls.
Maturities of Debt
Maturities of our debt as of December 31, 2025 are presented below. Amounts presented below represent U.S. dollar equivalents based on December 31, 2025 exchange rates.
C&WLiberty Puerto RicoLiberty
Costa Rica		Liberty Latin America (a)Consolidated
in millions
Years ending December 31:
2026$328.0 $77.0 $— $1.3 $406.3 
202712.1 1,162.8 — 0.7 1,175.6 
2028490.7 620.6 — — 1,111.3 
2029595.8 820.7 — — 1,416.5 
203013.5 213.5 — — 227.0 
Thereafter3,465.6 32.5 515.0 — 4,013.1 
Total debt maturities4,905.7 2,927.1 515.0 2.0 8,349.8 
Premiums, discounts and deferred financing costs, net(43.2)(23.8)(12.3)— (79.3)
Total debt$4,862.5 $2,903.3 $502.7 $2.0 $8,270.5 
Current portion$328.0 $77.0 $— $1.3 $406.3 
Long-term portion$4,534.5 $2,826.3 $502.7 $0.7 $7,864.2 
(a)Represents the aggregate amount held by subsidiaries of Liberty Latin America that are outside our borrowing groups.
v3.25.4
Defined Benefit Plans
 12 Months Ended
Dec. 31, 2025
Retirement Benefits [Abstract]  
Defined Benefit Plans Defined Benefit Plans
We maintain various funded defined benefit plans for certain current and past employees, including (i) the CWSF, which is C&W’s largest defined benefit plan, (ii) plans in The Bahamas, Jamaica, Barbados, Curacao and Puerto Rico and (iii) certain other defined benefit arrangements in the U.K., which are governed by individual trust deeds. These defined benefit plans are closed to new entrants, and existing participants do not accrue any additional benefits.
Defined benefit plan amounts included in our consolidated balance sheets are as follows:
December 31,
20252024
in millions
Other assets, net $27.5 $33.6 
Other long-term liabilities, net (a)(4.8)(5.6)
Net pension asset$22.7 $28.0 
(a)Amounts include an indemnification asset from The Bahamas government of $113 million and $115 million, respectively, and investments in U.K. Gilts of $24 million and $23 million, respectively.
The table below provides summary information for our defined benefit plans:
December 31,
20252024
in millions
Projected benefit obligations (a) (b)$(1,407.8)$(1,361.4)
Fair value of plan assets (c)1,430.5 1,389.4 
Net pension asset$22.7 $28.0 
(a)Amounts include an indemnification asset from The Bahamas government of $113 million and $115 million, respectively, and investments in U.K. Gilts of $24 million and $23 million, respectively.
(b)The weighted average discount rate used in determining our benefit obligations was 6.1% for each of the years ended December 31, 2025 and 2024. A 1.0% increase or decrease in the weighted average discount rate would have a ($34 million) or $40 million impact, respectively, on the projected benefit obligations, net of the annuity insurance policies (as described further below).
(c)Our plan assets primarily comprise investments in insurance contracts, debt securities and equity securities. The fair value of plan assets at December 31, 2025 includes $239 million, $132 million and $1,060 million of assets that are valued based on Level 1, Level 2 and Level 3 inputs, respectively, of the fair value hierarchy (as further described in note 4). The fair value of plan assets at December 31, 2024 includes $233 million, $135 million and $1,021 million of assets that are valued based on Level 1, Level 2 and Level 3 inputs, respectively.
In May 2023, the CWSF completed an additional buy-in bulk annuity, resulting in 100% of the plan’s liabilities being covered by insurance annuity policies, the payments from which match the corresponding obligations to employees. In addition, at December 31, 2025, 100% of the Jamaican and UTS defined benefit obligations are covered through the purchase of insurance annuity policies. The remaining investment risks in the plans have also been mitigated to a reasonable extent by a combination of matching assets and diversification of the return-seeking assets.
The CWSF buy-in resulted in the remeasurement of $75 million from net pension assets to accumulated other comprehensive income during 2023, which represents the loss associated with the difference between the projected benefit obligations and the cost of the bulk annuity policy.
v3.25.4
Equity
 12 Months Ended
Dec. 31, 2025
Equity [Abstract]  
Equity Equity
Share Capital
A summary of the changes in our share capital during 2025, 2024 and 2023 is set forth in the table below:
Class AClass BClass C
in millions
Balance at January 1, 2023
42.7 2.1 171.3 
Repurchase of Liberty Latin America common shares(2.6)— (11.7)
Issued in connection with share-based compensation plans and other0.7 0.1 2.1 
Balance at December 31, 2023
40.8 2.2 161.7 
Balance at January 1, 2024
40.8 2.2 161.7 
Repurchase of Liberty Latin America common shares(4.0)— (8.2)
Issued in connection with share-based compensation plans and other1.2 0.2 2.8 
Balance at December 31, 2024
38.0 2.4 156.3 
Balance at January 1, 2025
38.0 2.4 156.3 
Repurchase of Liberty Latin America common shares(0.2)— (0.4)
Issued in connection with share-based compensation plans and other1.1 — 2.8 
Balance at December 31, 2025
38.9 2.4 158.7 
Voting rights. Holders of Class A common shares and Class B common shares vote together as a single class on all matters submitted to a vote of Liberty Latin America’s shareholders. The holders of Class A common shares have one vote per share; the holders of Class B common shares have 10 votes per share; and the holders of Class C common shares generally have no votes per share. In the event a right to vote is required under applicable law, holders of Class C common shares will vote as a single class with the holders of Class A common shares and Class B common shares and will be entitled to 1/100 of a vote on such matter for each Class C common share. Each Class B common share is convertible at the option of the holder for one Class A common share.
Share Repurchase Programs
From time to time, and subject to certain limitations and conditions, our Directors approve Share Repurchase Programs, which authorize us to repurchase up to a specified aggregate dollar value of our Class A common shares and/or Class C common shares through specified dates, as detailed below:
Authorization DateAuthorized Repurchase AmountExpiration Date
in millions
February 22, 2022$200.0 December 2024
May 8, 2023$200.0 December 2025
May 7, 2024$200.0 December 2026
The Share Repurchase Programs do not obligate us to repurchase any of our Class A or C common shares. Under the Share Repurchase Programs, we may repurchase our common shares in open market purchases at prevailing market prices, in privately negotiated transactions, in block trades, derivative transactions and/or through other legally permissible means. At December 31, 2025, the remaining amount authorized for share repurchases under the Share Repurchase Programs was $200 million.
Convertible Notes Capped Calls
In connection with the issuance of our Convertible Notes, we entered into the Convertible Notes Capped Calls, which expired on July 15, 2024. The Convertible Notes Capped Calls were used as an economic hedge to reduce or offset potential dilution to our Class C common shares upon any conversion of the Convertible Notes and/or offset any cash payments we could have been required to make in excess of the principal amount of such converted notes, as the case may have been, with such reduction and/or offset subject to a cap. The Convertible Notes Capped Calls were not considered a derivative instrument under ASC 815, Derivatives and Hedging, as the contracts were indexed to our Class C common shares and therefore were classified within shareholders’ equity.
Capped Call Option Contracts
During 2024, we entered into capped call option contracts, pursuant to which we have purchased capped call options on 1.7 million and 4.3 million Liberty Latin America Class A and Class C common shares, respectively, with a low exercise price and a capped payout. Shares acquired through the exercise of the call options are included in our share repurchases. The capped call option contracts are not considered derivative instruments as the contracts are indexed to our Class A and Class C common shares and are therefore classified within shareholders’ equity. At December 31, 2024, the aggregate premium associated with these capped call option contracts of $15 million is included as a reduction of additional paid-in capital in our consolidated statement of equity and as a financing cash outflow in our consolidated statement of cash flows. During 2025, we exercised some of our rights pursuant to the capped call option contracts, which resulted in 0.6 million shares being effectively repurchased and reflected in treasury stock at December 31, 2025.
LCR NCI Transaction
During August 2024, we entered into an agreement with the noncontrolling interest owner of Liberty Costa Rica where we agreed to acquire an additional 8.5% of the remaining noncontrolling interest on January 30, 2026 for an aggregate cash consideration of approximately $84 million. The consideration comprises CRC 22 billion ($44 million) and $40 million, with 62.5% of the purchase price due upon closing and the remaining 37.5% due on January 29, 2027. Subsequent to December 31, 2025, we paid the first installment payment of $53 million.
v3.25.4
Share-based Compensation and Other Employee Incentive Plan-related Expense
 12 Months Ended
Dec. 31, 2025
Share-Based Payment Arrangement [Abstract]  
Share-based Compensation and Other Employee Incentive Plan-related Expense Share-based Compensation and Other Employee Incentive Plan-related Expense
Equity Incentive Plans
Employee Incentive Plan and Nonemployee Director Incentive Plan
In 2017, we adopted the Employee Incentive Plan and the Nonemployee Director Incentive Plan, under which options, SARs, RSUs, cash awards, performance awards or any combination of the foregoing may be granted. The maximum number of Liberty Latin America common shares that may be issued under the Employee Incentive Plan and the Nonemployee Director Incentive Plan is 75 million (of which no more than 10 million shares may consist of Class B shares) and 5 million, respectively, in each case subject to anti-dilution and other adjustment provisions in the respective plans. Liberty Latin America common shares issuable pursuant to awards will be made available from either authorized but unissued shares, or shares that have been issued but reacquired by Liberty Latin America.
Awards
Non-performance Awards. The following is a summary of the material    terms and conditions with respect to our non-performance-based awards:
•SARs. SARs generally vest 33.3% on the anniversary of the grant date over a vesting term of three years and expire ten years after the grant date. SARs may be granted with an exercise price at or above the fair market value of the shares on the date of grant in any class of common shares.
•RSUs. RSUs generally vest 33.3% on the anniversary of the grant date over a vesting term of three years. RSUs issued under the Nonemployee Director Incentive Plan vest on the first anniversary of the grant date.
•LTVP. During 2023, we implemented the Long-term Value Plan component of the Employee Incentive Plan, whereby employees receive a fixed-value award based upon a percentage of annual employee base compensation that vests
annually over three years and can be settled in either common shares or cash at the discretion of Liberty Latin America's Compensation Committee. During 2025, 2024, and 2023, we recognized $21 million, $14 million, and $6 million, respectively, of expense associated with the LTVP, which is recorded in other operating costs and expenses in our consolidated statements of operations. Each vesting tranche of the LTVP is accrued over the vesting period to our consolidated balance sheet in accrued payroll and employee benefits until settlement on the vesting date, which is generally in March of each year. Details on how these awards were settled can be found in the table below.
Performance Awards. The following is a summary of the material terms and conditions with respect to our performance-based awards for certain executive officers and key employees:
•PSUs. During 2022, our Chief Executive Officer was awarded a total of 0.6 million Class B PSUs, of which the first two tranches were earned and vested in each of March 2023 and March 2024, respectively. The remaining 0.2 million will vest in March 2026 based upon the achievement of certain individual qualitative objectives. At both December 31, 2025 and 2024, we had 0.2 million Class B PSUs outstanding.
•PSARs. During 2021 and 2022, certain key employees received the 2021 PSARs. Each award represented the right to receive a payment in shares or, if the compensation committee so determined, cash or a combination of cash and shares, equal to the excess of the fair market value of the common shares on the day of exercise over the exercise price, subject to performance and vesting. The 2021 PSARs have a term of ten years and included performance conditions based on the achievement of individual qualitative objectives during the performance period from January 1, 2021 through December 31, 2023. The earned 2021 PSARs vested on March 16, 2024. At both December 31, 2025 and 2024, we had 3 million Class A PSARs and 6 million Class C PSARs outstanding.
Share-based Compensation Other Employee Incentive Plan-related Expense
Our share-based compensation expense includes amounts related to share-based incentive awards held by our employees and employees of our subsidiaries. The following table summarizes certain information related to share-based incentive awards granted during the periods presented:
Year ended December 31,
202520242023
Assumptions used to estimate fair value of SARs and PSARs:
Risk-free interest rate
4.1 - 4.3%
4.2 - 4.3%
3.5 - 4.2%
Expected life
6.0 - 10.0 years
6.0 - 10.0 years
6.0 - 10.0 years
Expected volatility
45.0 - 50.5%
43.8 - 48.3%
42.1 - 46.7%
Expected dividend yieldnonenonenone
Weighted average grant-date fair value per share of awards granted:
SARs$3.92 $3.60 $4.31 
RSUs$6.53 $6.98 $7.96 
PSUs$— $5.90 $8.00 
Cash used to settle equity awards (in millions)
LTVP
$13 $8 $6 
As of December 31, 2025, we have $77 million of total unrecognized compensation expense related to awards held by our employees that is expected to be recognized as a future expense over a weighted-average period of approximately 1.6 years.
For the amount of share-based compensation and other Employee Incentive Plan-related expense recognized during each period presented, see note 17.
2024 Modification
In October 2024, the compensation committee of our board of directors approved an extension of the legal life of outstanding SARs from a seven-year term to a ten-year term for SARs granted during 2018, 2019 and 2020. Prior to 2021, awards granted under the Employee Incentive Plan expired seven years after the grant date. This modification resulted in the recognition of aggregate incremental share-based compensation expense during 2024 totaling $14 million and impacted over 200 grantees.
Share-based Incentive Award Activity
The following tables summarize share-based incentive award activity during 2025 with respect to Liberty Latin America awards held by our employees and our Directors.
Number of
shares		Weighted
average
base price		Weighted
average
remaining
contractual
term		Aggregate intrinsic value
SARs – Class A shares
in millions in yearsin millions
Outstanding at January 1, 2025
11.4 $10.97 
Granted
2.0 $6.68 
Forfeited
(0.9)$11.24 
Exercised— $6.88 
Outstanding at December 31, 2025
12.5 $10.27 5.9$3.9 
Exercisable at December 31, 2025
8.9 $11.75 4.8$1.0 
Number of
shares		Weighted
average
base price		Weighted
average
remaining
contractual
term		Aggregate intrinsic value
SARs – Class C shares
in millions in yearsin millions
Outstanding at January 1, 2025
22.9 $10.97 
Granted
4.1 $6.65 
Forfeited
(1.7)$11.22 
 Exercised(0.3)$6.42 
Outstanding at December 31, 2025
25.0 $10.29 5.9$8.0 
Exercisable at December 31, 2025
17.7 $11.80 4.8$1.8 
Number of
shares		Weighted
average
grant-date fair value per share		Weighted
average
remaining
contractual
term
RSUs – Class A shares
in millions in years
Outstanding at January 1, 2025
2.2 $7.64 
Granted1.3 $6.54 
Forfeited
(0.2)$7.04 
Released from restrictions(1.3)$7.76 
Outstanding at December 31, 2025
2.0 $6.92 2.2
Number of
shares		Weighted
average
grant-date fair value per share		Weighted
average
remaining
contractual
term
RSUs – Class C shares
in millions in years
Outstanding at January 1, 2025
4.5 $7.65 
Granted2.8 $6.53 
Forfeited
(0.3)$7.04 
Released from restrictions(2.9)$7.65 
Outstanding at December 31, 2025
4.1 $6.93 2.2
v3.25.4
Income Taxes
 12 Months Ended
Dec. 31, 2025
Income Tax Disclosure [Abstract]  
Income Taxes Income Taxes
On July 11, 2017, Liberty Latin America was formed as a corporation in Bermuda. Effective as of January 1, 2025, Bermuda enacted the Corporate Income Tax Act 2023, which assesses taxes on income at a 15% statutory rate. For all years prior to this, Bermuda did not assess taxes on income. The majority of subsidiaries in other jurisdictions are taxable operations and file income tax returns in their respective jurisdictions. The income taxes of Liberty Latin America are presented on a standalone basis, and each tax paying entity or group within Liberty Latin America is presented on a separate return basis, unless a combined or consolidated tax return regime is permitted.
The components of our loss before income taxes are as follows:
 Year ended December 31,
 202520242023
 in millions
Domestic (a)$(105.7)$(68.7)$(90.9)
Foreign (b) (c)(547.1)(591.2)28.5 
Total$(652.8)$(659.9)$(62.4)
(a)Liberty Latin America is considered a stand-alone Bermuda entity.
(b)Amounts for the year ended December 31, 2025 include a spectrum impairment charge of $494 million and for the year ended December 31, 2024 include a goodwill impairment charge of $516 million, both of which occurred at our Liberty Puerto Rico reporting unit.
(c)For the year ended December 31, 2025, significant jurisdictions that comprise the “foreign” component of our loss before income taxes are detailed in the effective rate reconciliation section below. For the year ended December 31, 2024, significant jurisdictions that comprise the “foreign” component of our loss before income taxes include The Bahamas, Barbados, Costa Rica, Jamaica, Panama, Puerto Rico, Spain, the U.K., the United States, and USVI. For the year ended December 31, 2023, significant jurisdictions that comprise the “foreign” component of our loss before income taxes include The Bahamas, Barbados, the British Virgin Islands, Colombia, Costa Rica, Jamaica, Panama, Puerto Rico, Spain, St. Kitts, St. Lucia, Trinidad and Tobago, the U.K., the United States and USVI.
Income tax benefit (expense) consists of:
CurrentDeferredTotal
 in millions
Year ended December 31, 2025:
Domestic$— $— $— 
Foreign(140.3)238.8 98.5 
Total$(140.3)$238.8 $98.5 
Year ended December 31, 2024:
Domestic$— $— $— 
Foreign(129.1)129.3 0.2 
Total$(129.1)$129.3 $0.2 
Year ended December 31, 2023:
Domestic$— $— $— 
Foreign(111.8)87.4 (24.4)
Total$(111.8)$87.4 $(24.4)
Income tax benefit (expense) attributable to our loss before income taxes for the year ended December 31, 2025 differs from the amounts computed by using the applicable tax rate as a result of the following (in millions, except percentages):
AmountPercent
Bermuda federal statutory income tax rate (a)$97.9 (15.0)%
Domestic federal
Changes in valuation allowances(15.9)2.4 %
Foreign tax effects
Barbados
Statutory income tax rate differential8.2 (1.3)%
Other0.4 (0.1)%
Colombia
Other(6.2)0.9 %
Costa Rica
Net nondeductible acquisition debt interest and FX(8.5)1.3 %
Statutory income tax rate differential(10.8)1.7 %
Other(1.3)0.2 %
Curacao
Changes in valuation allowances26.8 (4.1)%
Other(3.3)0.5 %
Jamaica
Nontaxable capital gains11.0 (1.7)%
Cross-border tax laws(8.8)1.3 %
Changes in valuation allowances4.9 (0.8)%
Statutory income tax rate differential(9.8)1.5 %
Other(2.7)0.4 %
Panama
Changes in valuation allowances12.0 (1.8)%
AmountPercent
Statutory income tax rate differential(6.2)0.9 %
Other(4.6)0.7 %
Puerto Rico
Tax credits(19.7)3.0 %
Nontaxable interest income6.8 (1.0)%
Cross-border tax laws(10.0)1.5 %
Changes in valuation allowances49.9 (7.6)%
Statutory income tax rate differential143.0 (21.9)%
Other – Change in deferred rate already enacted(50.4)7.7 %
Other(21.4)3.3 %
Spain
Nondeductible investment losses(8.5)1.3 %
Statutory income tax rate differential5.1 (0.8)%
Other(4.3)0.7 %
United Kingdom
Changes in valuation allowances(67.9)10.4 %
Statutory income tax rate differential25.0 (3.8)%
Other15.0 (2.3)%
United States
Tax credits8.9 (1.4)%
Nondeductible compensation expenses(5.0)0.8 %
Cross-border tax laws(36.5)5.6 %
Changes in valuation allowances(9.8)1.5 %
Other4.1 (0.6)%
Venezuela
Changes in valuation allowances(7.6)1.2 %
Other5.3 (0.8)%
Other foreign jurisdictions(13.6)2.1 %
Worldwide changes in unrecognized tax benefits7.0 (1.1)%
Effective income tax rate$98.5 (15.1)%
Income tax benefit (expense) attributable to our loss before income taxes for the years ended December 31, 2024 and 2023, differs from the amounts computed by using the applicable tax rate, as a result of the following:
Year ended December 31,
 20242023
in millions
Computed expected tax benefit (a)$— $— 
Permanent differences (b)(18.4)(49.3)
Basis and other differences in the treatment of items associated with investments in Liberty Latin America entities0.6 1.5 
Increases in valuation allowances(171.8)(161.5)
Expiration of deferred tax assets with full valuation allowance(14.7)(12.3)
International rate differences (a) (c)232.8 88.2 
Changes in uncertain tax positions3.7 (0.4)
Enacted tax law and rate changes (d) (e) (f)27.9 128.4 
Effect of non-deductible goodwill impairments(47.9)— 
Effect of tax credits14.6 18.3 
Withholding and capital gains taxes(25.2)(40.0)
Other, net(1.4)2.7 
Total income tax benefit (expense)$0.2 $(24.4)
(a)Liberty Latin America was formed as a corporation in Bermuda where the company has a “statutory” or “expected” tax rate of 15%, effective as of January 1, 2025. For years ended December 31, 2023 and 2024, the Bermuda statutory tax rate was 0%. The majority of our subsidiaries operate in jurisdictions where income tax is imposed at local applicable statutory rates, resulting in “international rate differences,” as shown in the table above. These line items reflect the computed tax benefit (expense) of pre-tax book earnings (loss) in the respective taxable jurisdiction.
(b)Permanent differences primarily relate to various non-taxable income or non-deductible expenses, such as CARICOM treaty income, limitations on deductible management fees, or executive compensation, among others.
(c)The corporate tax rates applicable to our primary material jurisdictions are as follows: The Bahamas, 0%; Barbados, 9%; Costa Rica, 30%; Jamaica, 33.33%; Panama, 25%; Puerto Rico, 37.5%; Spain, 25%; the U.K., 25%; the United States, 21%; and USVI, 23.1%.
(d)On July 13, 2023, St. Vincent and the Grenadines Inland Revenue Department enacted a decrease in the corporate income tax from 30% to 28% with effect from January 1, 2023.
(e)On December 22, 2023, the Bermuda Parliament enacted legislation to establish a 15% corporate income tax regime that will become effective for tax years beginning on or after January 1, 2025. While deferred tax assets associated with opening tax losses carryforward for periods beginning January 1, 2020 were established as of enactment, there is a net nil tax impact of this on the total tax result due to a full valuation allowance in Bermuda.
(f)On May 24, 2024, the Barbados Parliament enacted legislation to increase the corporate income tax rate to 9% with effect from January 1, 2024.
Deferred income taxes reflect the impact of temporary differences between the amount of assets and liabilities recognized for financial reporting purposes and such amounts recognized for tax purposes. The components of our net deferred tax liability are as follows:
 December 31,
 20252024
 in millions
Deferred tax assets$204.0 $133.0 
Deferred tax liabilities(411.6)(580.3)
Net deferred tax liability$(207.6)$(447.3)
The tax effects of temporary differences that give rise to significant portions of the deferred tax assets and deferred tax liabilities are presented below:
 December 31,
 20252024
 in millions
Deferred tax assets:
Net operating losses, tax credits and other carryforwards$2,571.1 $2,516.0 
Deferred revenue4.6 9.4 
Unrealized gains and losses2.9 16.0 
Accrued expenses79.0 88.0 
Other future deductible amounts— 0.1 
Deferred tax assets2,657.6 2,629.5 
Valuation allowance(2,204.8)(2,115.8)
Deferred tax assets, net of valuation allowance452.8 513.7 
Deferred tax liabilities:
Investments(158.6)(122.6)
Intangible assets, net(339.7)(630.3)
Property and equipment, net(161.0)(208.1)
Un-remitted foreign earnings(0.6)— 
Other future taxable amounts(0.5)— 
Deferred tax liabilities(660.4)(961.0)
Net deferred tax liability$(207.6)$(447.3)
The changes in our valuation allowances are summarized below: 
Year ended December 31,
202520242023
 in millions
Balance at January 1$2,115.8 $1,942.5 $1,780.4 
Net tax expense related to operations 88.0 171.8 161.5 
Translation adjustments 0.2 (0.6)(1.1)
Business acquisitions and other0.8 2.1 1.7 
Balance at December 31$2,204.8 $2,115.8 $1,942.5 
Deferred tax assets related to net operating losses may be used to offset future taxable income. The significant components of our tax loss carryforwards at December 31, 2025 are as follows:
CountryTax loss
carryforward		Related
tax asset		Expiration
date
 in millions 
U.K.:
Amount attributable to capital losses$4,958.1 $1,239.5 Indefinite
Amount attributable to net operating losses1,335.5 333.9 Indefinite
Puerto Rico700.8 154.7 2026 - Indefinite
Bermuda516.1 77.4 Indefinite
Barbados501.4 45.1 2026 - 2031
Jamaica352.2 117.3 Indefinite
Curacao110.0 24.2 2026 - 2035
U.S.53.7 12.5 2035 - Indefinite
U.S. Virgin Islands43.5 10.0 Indefinite
Saint Martin23.2 4.6 Indefinite
Venezuela22.4 7.6 2026-2028
Panama8.8 2.2 2026 - 2028
Other26.2 8.2 Various
Total$8,651.9 $2,037.2 
As of December 31, 2025, a valuation allowance of $1,895 million has been recorded against the net operating loss carryforwards where we do not expect to realize a future benefit, or where certain losses may be limited in use due to change in control or same-business tests.
Our tax loss carryforwards within each jurisdiction combine all companies’ tax losses (both capital and ordinary losses) in that jurisdiction; however, certain tax jurisdictions limit the ability to offset taxable income of a separate company or different tax group with the tax losses associated with another separate company or group. Further, tax jurisdictions restrict the type of taxable income that the above losses are able to offset.
In 2025 and 2024, we have foreign tax credit carryforwards of $21 million and $10 million, respectively, which are available in the U.S. Substantially all credits not utilized will expire at the end of 2035. A valuation allowance of $13 million has been recorded against the foreign tax credit carryforwards where we do not expect to realize a future benefit.
In 2025 and 2024, we have alternative minimum tax credit carryforwards in the amounts of $49 million and $50 million, respectively, attributable to our operations in Puerto Rico for which the current tax law provides no period of expiration. A valuation allowance of $13 million has been recorded against the alternative minimum tax credit carryforwards where we do not expect to realize a future benefit.
Through our consolidated subsidiaries, we maintain a presence in many countries. Many of these countries maintain highly complex tax regimes. We have accounted for the effect of these taxes based on what we believe is reasonably expected to apply to us and our consolidated subsidiaries based on tax laws currently in effect and reasonable interpretations of these laws. Because some jurisdictions do not have systems of taxation that are as well established as the system of income taxation used in other major industrialized countries, it may be difficult to anticipate how other jurisdictions will tax our and our consolidated subsidiaries’ current and future operations.
Although we intend to take reasonable tax planning measures to limit our tax exposures, no assurance can be given that we will be able to do so.
We file income tax returns in various jurisdictions. In the normal course of business, our income tax filings are subject to review by various taxing authorities. In connection with such reviews, disputes could arise with the taxing authorities over the
interpretation or application of certain income tax rules related to our business in that tax jurisdiction. Such disputes may result in future tax and interest and penalty assessments by these taxing authorities. The ultimate resolution of tax contingencies will take place upon the earlier of (i) the settlement date with the applicable taxing authorities in either cash or agreement of income tax positions or (ii) the date when the tax authorities are statutorily prohibited from adjusting the company’s tax computations.
In general, tax returns filed by, or that include, entities comprising Liberty Latin America for years prior to 2009 are no longer subject to examination by tax authorities. We are currently undergoing income tax audits in Colombia, Trinidad and Tobago, Venezuela and certain other jurisdictions within the Caribbean and Latin America. Except as noted below, any adjustments that might arise from the foregoing examinations are not expected to have a material impact on our consolidated financial position or results of operations.
The changes in our unrecognized tax benefits are summarized below: 
Year ended December 31,
202520242023
 in millions
Balance at January 1$18.3 $25.5 $37.6 
Additions for tax positions of prior years7.4 2.5 0.7 
Additions based on tax positions related to the current year— — 6.0 
Lapse of statute of limitations(1.5)(2.7)(1.4)
Decrease for settlement with tax authorities — (2.9)— 
Reductions for tax positions of prior years(7.2)(4.1)(17.4)
Balance at December 31$17.0 $18.3 $25.5 
No assurance can be given that any of these unrecognized tax benefits will be recognized or realized.
As of December 31, 2025, all of our unrecognized tax benefits would have a favorable impact on our effective income tax rate if ultimately recognized.
During 2026, it is reasonably possible that the resolution of ongoing examinations by tax authorities as well as expiration of statutes of limitation could result in reductions to our unrecognized tax benefits related to tax positions taken as of December 31, 2025. Other than the potential impacts of ongoing examinations and the expected expiration of certain statutes of limitation, we do not expect any material changes to our unrecognized tax benefits during 2026. No assurance can be given as to the nature or impact of any changes in our unrecognized tax positions during 2026.
During 2025, 2024 and 2023, our income tax benefit (expense) includes interest expense (income) of $4 million, ($3 million) and $12 million, respectively, representing the net accrual of interest and penalties incurred during the respective period. Our other long-term liabilities include accrued interest and penalties of $26 million and $22 million at December 31, 2025 and 2024, respectively.
Cash taxes paid (refunded) for the year ended December 31, 2025 are as set forth below (in millions):
Bermuda federal*
Bermuda state and local*
Foreign:
Costa Rica$43.6 
Jamaica12.9 
Panama14.3 
United Kingdom(9.8)
United States46.9 
Other51.5 
Total$159.4 
* The amount of income taxes paid during the year does not meet the 5% disaggregation threshold.
v3.25.4
Earnings or Loss per Share
 12 Months Ended
Dec. 31, 2025
Earnings Per Share [Abstract]  
Earnings or Loss per Share Earnings or Loss per Share
Basic EPS is computed by dividing net earnings or loss attributable to Liberty Latin America shareholders by the weighted average number of Liberty Latin America Shares outstanding during the periods presented. Diluted EPS presents the dilutive effect, if any, on a per share basis of dilutive securities as if they had been exercised, vested or converted at the beginning of the periods presented.
The details of the calculations of our basic and diluted EPS are set forth below:
Year ended December 31,
202520242023
in millions, except per share amounts
Numerator:
Net loss attributable to Liberty Latin America shareholders - basic and diluted$(611.2)$(689.4)$(73.6)
Denominator:
Weighted average shares - basic and diluted (a)199.5 198.4 210.0 
Basic and diluted net loss per share attributable to Liberty Latin America shareholders$(3.06)$(3.47)$(0.35)
(a)During 2025, 2024 and 2023, we reported losses attributable to Liberty Latin America shareholders. As a result, the potentially dilutive effect at each period of the following items was not included in the computation of EPS for such periods because their inclusion would have been anti-dilutive to the computation or, in the case of certain PSUs, and for 2023 PSARs, because such awards had not yet met the applicable performance criteria:
 December 31,
 202520242023
in millions
Aggregate number of shares issuable pursuant to:
Outstanding options, SARs and RSUs
44.5 41.9 37.7 
Outstanding PSUs and PSARs
8.6 8.6 8.7 
LTVP and ESPP
6.5 6.4 3.6 
Aggregate number of shares potentially issuable under our Convertible Notes (if-converted method) (i)
— — 10.7 
(i)With regards to the aggregate number of shares potentially issuable under our Convertible Notes, during 2023, the Convertible Notes Capped Calls provided an economic hedge to reduce or offset potential dilution to our Class C common shares upon any conversion of the Convertible Notes and/or offset any cash payments we would have been required to make in excess of the principal amount of such converted notes, as the case may have been, with such reduction and/or offset subject to a cap. During 2024, the Convertible Notes Capped Calls expired at maturity or were unwound in connection with redemption activity on the Convertible Notes, as further described in note 9.
v3.25.4
Accumulated Other Comprehensive Earnings or Loss
 12 Months Ended
Dec. 31, 2025
Comprehensive Income (Loss), Net of Tax, Including Portion Attributable to Noncontrolling Interest [Abstract]  
Accumulated Other Comprehensive Earnings or Loss Accumulated Other Comprehensive Earnings or Loss
Accumulated other comprehensive earnings (loss) included in our consolidated balance sheets and statements of equity reflects the aggregate impact of foreign currency translation adjustments and pension-related adjustments and other various adjustments. The changes in the components of accumulated other comprehensive earnings (loss), net of taxes, are summarized as follows:
Liberty Latin America shareholders
 Foreign
currency
translation
adjustments		Pension-
related adjustments and other		Accumulated
other
comprehensive
loss 		Non-controlling
interests		Total
accumulated
other
comprehensive loss
 in millions
Balance at January 1, 2023$(83.7)$(65.5)$(149.2)$(11.0)$(160.2)
Other comprehensive earnings (loss)24.9 (73.7)(48.8)1.1 (47.7)
Balance at December 31, 2023(58.8)(139.2)(198.0)(9.9)(207.9)
Other comprehensive earnings25.6 18.2 43.8 0.3 44.1 
Balance at December 31, 2024(33.2)(121.0)(154.2)(9.6)(163.8)
Other comprehensive earnings (loss)33.2 (3.6)29.6 1.6 31.2 
Balance at December 31, 2025$— $(124.6)$(124.6)$(8.0)$(132.6)
The components of other comprehensive earnings (loss), net of taxes, are reflected in our consolidated statements of comprehensive earnings (loss). The following table summarizes the tax effects related to each component of other comprehensive earnings (loss), net, of amounts reclassified to our consolidated statements of operations:
Pre-tax
amount		Tax benefitNet-of-tax
amount
 in millions
Year ended December 31, 2025:
Foreign currency translation adjustments$34.7 $— $34.7 
Pension-related adjustments and other(3.8)0.3 (3.5)
Other comprehensive earnings30.9 0.3 31.2 
Other comprehensive earnings attributable to noncontrolling interests (a)(1.6)— (1.6)
Other comprehensive earnings attributable to Liberty Latin America shareholders$29.3 $0.3 $29.6 
Year ended December 31, 2024:
Foreign currency translation adjustments$25.9 $— $25.9 
Pension-related adjustments and other18.2 — 18.2 
Other comprehensive earnings44.1 — 44.1 
Other comprehensive earnings attributable to noncontrolling interests (a)(0.3)— (0.3)
Other comprehensive earnings attributable to Liberty Latin America shareholders$43.8 $— $43.8 
Year ended December 31, 2023:
Foreign currency translation adjustments$25.9 $— $25.9 
Pension-related adjustments and other(73.6)— (73.6)
Other comprehensive loss(47.7)— (47.7)
Other comprehensive earnings attributable to noncontrolling interests (a)(1.1)— (1.1)
Other comprehensive loss attributable to Liberty Latin America shareholders$(48.8)$— $(48.8)
(a)Amounts represent the noncontrolling interest owners’ share of our foreign currency translation adjustments, pension-related adjustments, and other adjustments.
v3.25.4
Commitments and Contingencies
 12 Months Ended
Dec. 31, 2025
Commitments and Contingencies Disclosure [Abstract]  
Commitments and Contingencies Commitments and Contingencies
Guarantees and Other Credit Enhancements
In the ordinary course of business, we may provide (i) indemnifications to our lenders, our vendors and certain other parties and (ii) performance and/or financial guarantees to local municipalities, our customers and vendors. Historically, these arrangements have not resulted in our company making any material payments and we do not believe that they will result in material payments in the future. For commitments associated with the LPR Acquisition and the LCR NCI Transaction, see note 5 and 11, respectively.
Regulatory Issues. We have contingent liabilities related to matters arising in the ordinary course of business, including (i) legal proceedings, (ii) issues involving wage, property, withholding and other tax issues and (iii) disputes over interconnection, programming and copyright fees. While we generally expect that the amounts required to satisfy these contingencies will not materially differ from any estimated amounts we have accrued, no assurance can be given that the resolution of one or more of these contingencies will not result in a material impact on our results of operations, cash flows or financial position in any given period. Due, in general, to the complexity of the issues involved and, in certain cases, the lack of a clear basis for predicting outcomes, we cannot provide a meaningful range of potential losses or cash outflows that might result from any unfavorable outcomes.
During 2024, we received a claim from a third party with respect to possible overpayments made to us under a transitional services agreement. We are currently unable to estimate a possible loss or range of possible loss associated with this claim.
v3.25.4
Segment Reporting
 12 Months Ended
Dec. 31, 2025
Segment Reporting, Measurement Disclosures [Abstract]  
Segment Reporting Segment Reporting
Our reportable segments derive their revenue primarily from residential and B2B services, including video, broadband internet, fixed-line telephony and mobile services. Our corporate category includes our corporate operations, which derive revenue from mobile handset insurance services. We generally identify our reportable segments as those operating segments that represent 10% or more of our revenue, Adjusted OIBDA or total assets.
As of December 31, 2025, unless otherwise specified below, our operating segments, which are also our reportable segments, are as follows:
•Liberty Caribbean;
•C&W Panama;
•Liberty Networks;
•Liberty Puerto Rico; and
•Liberty Costa Rica.
Performance Measures of our Reportable Segments
We evaluate performance and make decisions about allocating resources to our reportable segments based on financial measures, such as revenue and Adjusted OIBDA. In addition, we review non-financial measures, such as subscriber growth. We account for intersegment sales as if they were to third parties, or at current market prices.
Adjusted OIBDA is the primary measure used by our CODM, or Chief Executive Officer, to evaluate segment operating performance. Adjusted OIBDA is also a key factor that is used by our internal decision makers to determine how to allocate resources to segments. Our internal decision makers believe Adjusted OIBDA is a meaningful measure because it represents a transparent view of our recurring operating performance that is unaffected by our capital structure and allows management to (i) readily view operating trends, (ii) perform analytical comparisons and benchmarking between segments and (iii) identify strategies to improve operating performance in the different countries in which we operate. A reconciliation of total Adjusted OIBDA to operating income or loss and to earnings or loss before income taxes is presented below.
The amounts presented below represent 100% of the revenue and Adjusted OIBDA of each of our reportable segments. As we have the ability to control certain subsidiaries that are not wholly-owned, we include 100% of the revenue and expenses of these entities in our consolidated statements of operations despite the fact that third parties own significant interests in these entities. The noncontrolling owners’ interests in the operating results of (i) certain subsidiaries of (a) C&W and (b) Liberty Puerto Rico, and (ii) Liberty Costa Rica are reflected in net earnings or loss attributable to noncontrolling interests in our consolidated statements of operations.
Revenue
Year ended December 31,
 202520242023
 in millions
Liberty Caribbean$1,455.0 $1,462.8 $1,437.0 
C&W Panama783.5 763.2 742.6 
Liberty Networks471.0 447.5 453.3 
Liberty Puerto Rico1,199.2 1,250.4 1,417.7 
Liberty Costa Rica632.2 613.1 547.9 
Total operating segment revenue4,540.9 4,537.0 4,598.5 
Corporate14.9 19.6 23.5 
Intersegment eliminations(113.6)(109.8)(110.9)
Consolidated revenue$4,442.2 $4,446.8 $4,511.1 
Adjusted OIBDA
Year ended December 31,
 202520242023
in millions
Liberty Caribbean$672.9 $633.3 $596.9 
C&W Panama298.9 269.7 227.7 
Liberty Networks258.4 242.7 261.5 
Liberty Puerto Rico353.4 279.8 485.5 
Liberty Costa Rica235.5 229.5 203.1 
Total operating segment Adjusted OIBDA$1,819.1 $1,655.0 $1,774.7 
The following table provides a reconciliation of total Adjusted OIBDA to operating income (loss) and to earnings (loss) before income taxes:
 Year ended December 31,
 202520242023
 in millions
Total reportable segment Adjusted OIBDA
$1,819.1 $1,655.0 $1,774.7 
Corporate (a)(112.8)(89.8)(73.1)
Share-based compensation and other Employee Incentive Plan-related expense (b)
(75.0)(84.0)(88.7)
Depreciation and amortization(904.9)(968.3)(1,008.3)
Impairment, restructuring and other operating items, net(618.2)(589.7)(86.9)
Operating income (loss)108.2 (76.8)517.7 
Interest expense(656.4)(627.7)(601.7)
Realized and unrealized gains (losses) on derivative instruments, net(20.0)82.1 (34.2)
Foreign currency transaction gains (losses), net(42.7)(18.3)70.3 
Losses on debt extinguishments, net(14.4)(5.5)(3.9)
Other expense, net(27.5)(13.7)(10.6)
Loss before income taxes$(652.8)$(659.9)$(62.4)
(a)Represents net of revenue and total significant other operating costs and expenses associated with Corporate, as disclosed below, which is not considered an operating segment of Liberty Latin America.
(b)Includes expense associated with our LTVP, the vesting of which can be settled in either common shares or cash at the discretion of Liberty Latin America’s Compensation Committee.
Our programming and other direct costs of services by major category, which are further discussed below, are as follows:
 Year ended December 31,
 202520242023
 in millions
Programming and copyright$224.6 $233.6 $237.2 
Interconnect262.6 278.3 302.5 
Equipment330.3 315.9 320.6 
Project-related and other158.4 161.6 160.1 
Total programming and other direct costs of services$975.9 $989.4 $1,020.4 
Our other operating costs and expenses by major category, which are further discussed below, are as follows:
 Year ended December 31,
 202520242023
 in millions
Personnel and contract labor$558.6 $579.2 $557.6 
Network-related215.9 237.2 259.0 
Service-related252.7 267.2 227.6 
Commercial179.6 189.6 181.1 
Facility, provision, franchise and other553.2 619.0 563.8 
Share-based compensation and other Employee Incentive Plan-related expense
75.0 84.0 88.7 
Total other operating costs and expenses (a)$1,835.0 $1,976.2 $1,877.8 
(a)Amounts represent total other operating costs and expenses as set forth in our consolidated statements of operations. These amounts differ from significant operating costs and expenses reviewed by our CODM, which represent total other operating costs and expenses excluding share-based compensation and other Employee Incentive Plan-related expense.
Property and Equipment Additions of our Reportable Segments
The property and equipment additions of our reportable segments and corporate operations (including capital additions financed under vendor financing or finance lease arrangements) are presented below and reconciled to the capital expenditures, net, amounts included in our consolidated statements of cash flows. For additional information concerning capital additions financed under vendor financing, see note 7.
 Year ended December 31,
 202520242023
 in millions
Liberty Caribbean$207.5 $226.9 $235.1 
C&W Panama104.1 104.8 117.0 
Liberty Networks75.5 49.3 47.6 
Liberty Puerto Rico143.3 220.9 219.0 
Liberty Costa Rica86.1 81.4 75.3 
Corporate23.6 42.0 36.9 
Total property and equipment additions640.1 725.3 730.9 
Assets acquired under capital-related vendor financing arrangements(123.9)(154.9)(143.8)
Assets acquired under capital leases(4.9)— — 
Changes in current liabilities related to capital expenditures and other(11.3)(30.0)(2.1)
Total capital expenditures, net$500.0 $540.4 $585.0 
Balance Sheet Data of our Reportable Segments
We do not present the balance sheet data of our reportable segments, as this information is not a primary measure used by our CODM to evaluate segment operating performance, determine the allocation of resources to segments, or assess the effectiveness of our management for purposes of annual or other incentive compensation plans.
Geographic Markets
The revenue from third-party customers for each of our geographic markets is set forth in the table below.
 Year ended December 31,
 202520242023
 in millions
Puerto Rico$1,129.2 $1,187.8 $1,354.5 
Panama780.6 760.1 739.7 
Costa Rica631.2 612.2 547.1 
Jamaica409.0 415.2 405.7 
Networks & LatAm (a)377.6 357.0 364.6 
The Bahamas190.8 205.3 193.4 
Trinidad and Tobago149.3 154.9 156.5 
Barbados171.4 163.8 157.6 
Other (b)603.1 590.5 592.0 
Total $4,442.2 $4,446.8 $4,511.1 
(a)The amounts represent enterprise revenue and wholesale revenue from various jurisdictions across Latin America and the Caribbean related to the sale and lease of telecommunications capacity on Liberty Networks’ subsea and terrestrial fiber optic cable networks.
(b)The amounts primarily relate to a number of countries in which we have less significant operations, all of which are located in the Caribbean, and to a lesser extent, in Latin America.
The long-lived assets of our geographic markets are set forth below:
 December 31,
 2025
2024
 in millions
Puerto Rico$992.7 $1,078.1 
Networks & LatAm594.8 586.3 
Panama420.6 427.7 
Jamaica313.7 373.8 
The Bahamas238.2 270.8 
Costa Rica309.6 301.7 
Trinidad and Tobago175.4 196.7 
Barbados134.9 138.6 
Other (a)667.9 688.7 
Total
$3,847.8 $4,062.4 
(a)The amounts primarily include long-lived assets in a number of countries in which we have less significant operations, all of which are located in the Caribbean, and to a lesser extent, in Latin America.
Revenue by Major Category
Our revenue by major category for our reportable segments is set forth in the tables below. Intercompany eliminations in the tables below reflect revenue between our reportable segments, the majority of which relates to revenue at our Liberty Networks segment from our other reportable segments. Our major revenue categories include the following:
•residential fixed subscription and residential mobile services revenue, which includes amounts received from subscribers for ongoing fixed and airtime services, respectively;
•residential fixed non-subscription revenue, which primarily includes equipment, interconnect and advertising revenue;
•B2B revenue, which comprises (i) enterprise revenue that primarily includes broadband internet, video, fixed-line telephony, mobile and managed services (including equipment installation contracts) offered to small (including small or home office), medium and large enterprises and other telecommunication operators; and (ii) wholesale revenue, which includes long-term capacity contracts with customers where the customer either pays a fee over time or prepays for the capacity upfront and pays a portion related to operating and maintenance of the network over time.
Year ended December 31, 2025
Reportable Segments
 Liberty CaribbeanC&W PanamaLiberty Networks (a)Liberty Puerto RicoLiberty Costa RicaCorporateIntersegment EliminationsTotal
 in millions
Residential revenue:
Residential fixed revenue:
Subscription revenue$484.4 $117.3 $— $469.7 $128.3 $— $— $1,199.7 
Non-subscription revenue 20.2 5.1 — 24.0 40.2 — — 89.5 
Total residential fixed revenue504.6 122.4 — 493.7 168.5 — — 1,289.2 
Residential mobile revenue:
Service revenue364.3 290.7 — 306.4 295.0 — — 1,256.4 
Interconnect, inbound roaming, equipment sales and other (b)83.6 65.5 — 197.8 99.8 12.8 — 459.5 
Total residential mobile revenue447.9 356.2 — 504.2 394.8 12.8 — 1,715.9 
Total residential revenue952.5 478.6 — 997.9 563.3 12.8 — 3,005.1 
B2B revenue (c)
502.5 304.9 471.0 174.4 68.9 2.1 (113.6)1,410.2 
Other revenue— — — 26.9 — — — 26.9 
Total$1,455.0 $783.5 $471.0 $1,199.2 $632.2 $14.9 $(113.6)$4,442.2 
(a)Included in this amount is $94 million of revenue earned from other segments of Liberty Latin America.
(b)The total amount includes $248 million of revenue from sales of mobile handsets and other devices to residential mobile customers.
(c)The total amount includes $26 million of revenue from sales of mobile handsets and other devices to B2B mobile customers.
Year ended December 31, 2024
Reportable Segments
 Liberty CaribbeanC&W PanamaLiberty Networks (a)Liberty Puerto RicoLiberty Costa RicaCorporateIntersegment EliminationsTotal
 in millions
Residential revenue:
Residential fixed revenue:
Subscription revenue$486.2 $122.3 $— $474.5 $137.1 $— $— $1,220.1 
Non-subscription revenue 28.0 5.0 — 23.3 35.2 — — 91.5 
Total residential fixed revenue514.2 127.3 — 497.8 172.3 — — 1,311.6 
Residential mobile revenue:
Service revenue352.3 272.2 — 323.3 276.0 — — 1,223.8 
Interconnect, inbound roaming, equipment sales and other (b)79.5 61.0 — 189.0 88.9 18.6 — 437.0 
Total residential mobile revenue431.8 333.2 — 512.3 364.9 18.6 — 1,660.8 
Total residential revenue946.0 460.5 — 1,010.1 537.2 18.6 — 2,972.4 
B2B revenue (c)
516.8 302.7 447.5 206.7 75.9 1.0 (109.8)1,440.8 
Other revenue— — — 33.6 — — — 33.6 
Total$1,462.8 $763.2 $447.5 $1,250.4 $613.1 $19.6 $(109.8)$4,446.8 
(a)Included in this amount is $91 million of revenue earned from other segments of Liberty Latin America.
(b)The total amount includes $216 million of revenue from sales of mobile handsets and other devices to residential mobile customers.
(c)The total amount includes $24 million of revenue from sales of mobile handsets and other devices to B2B mobile customers.
Year ended December 31, 2023
Reportable Segments
 Liberty CaribbeanC&W PanamaLiberty Networks (a)Liberty Puerto RicoLiberty Costa RicaCorporateIntersegment EliminationsTotal
 in millions
Residential revenue:
Residential fixed revenue:
Subscription revenue$487.5 $116.5 $— $478.7 $144.3 $— $— $1,227.0 
Non-subscription revenue 29.0 5.5 — 25.5 14.3 — (2.1)72.2 
Total residential fixed revenue516.5 122.0 — 504.2 158.6 — (2.1)1,299.2 
Residential mobile revenue:
Service revenue330.3 260.6 — 398.7 242.1 — — 1,231.7 
Interconnect, inbound roaming, equipment sales and other (b)78.8 52.0 — 250.0 80.2 22.3 — 483.3 
Total residential mobile revenue409.1 312.6 — 648.7 322.3 22.3 — 1,715.0 
Total residential revenue925.6 434.6 — 1,152.9 480.9 22.3 (2.1)3,014.2 
B2B revenue (c)
511.4 308.0 453.3 224.3 67.0 1.2 (108.8)1,456.4 
Other revenue— — — 40.5 — — — 40.5 
Total$1,437.0 $742.6 $453.3 $1,417.7 $547.9 $23.5 $(110.9)$4,511.1 
(a)Included in this amount is $89 million of revenue earned from other segments of Liberty Latin America.
(b)The total amount includes $259 million of revenue from sales of mobile handsets and other devices to residential mobile customers.
(c)The total amount includes $26 million of revenue from sales of mobile handsets and other devices to B2B mobile customers.
Significant Expenses
Our significant expenses by major category for our reportable segments and our corporate operations are set forth in the tables below. We consider these expenses significant because they are regularly provided to and reviewed by our CODM. Intercompany eliminations in the tables below reflect costs and expenses between our reportable segments, the majority of which relate to costs associated with services provided by our Liberty Networks segment to our other reportable segments. Our significant expense categories include the following:
•Programming and other direct costs of services, which include programming and copyright costs, interconnect and access costs, equipment costs, which primarily relate to costs of mobile handsets and other devices, project-related costs and other direct costs related to our operations;
•Personnel and contract labor-related costs, which primarily include salary-related and cash bonus expenses, net of capitalizable labor costs, and temporary contract labor costs;
•Network-related expenses, which primarily include costs related to network access, system power, core network, and CPE repair, maintenance and test costs;
•Service-related costs, which primarily include professional services, information technology-related services, audit, legal and other services;
•Commercial, which primarily includes sales and marketing costs, such as advertising, commissions and other sales and marketing-related costs, and customer care costs related to outsourced call centers; and
•Facility, provision, franchise and other, which primarily includes facility-related costs, provision for bad debt expense, franchise-related fees, bank fees, insurance, vehicle-related, travel and entertainment and other operating-related costs.
Year ended December 31, 2025
Reportable Segments
 Liberty CaribbeanC&W PanamaLiberty NetworksLiberty Puerto RicoLiberty Costa RicaCorporateIntersegment EliminationsTotal
 in millions
Programming and copyright$64.5 $20.5 $— $101.8 $37.8 $— $— $224.6 
Interconnect61.4 63.5 54.6 78.9 23.0 — (18.8)262.6 
Equipment38.2 59.5 0.6 157.3 74.7 — — 330.3 
Other direct costs55.5 98.2 17.4 2.3 1.2 — (16.2)158.4 
Total significant programming and other direct costs of services219.6 241.7 72.6 340.3 136.7 — (35.0)975.9 
Personnel and contract labor191.6 71.8 51.1 145.4 33.5 63.4 1.8 558.6 
Network-related123.1 47.8 46.2 33.8 40.6 — (75.6)215.9 
Service-related69.7 21.1 13.3 87.5 25.5 39.9 (4.3)252.7 
Commercial32.7 34.3 2.2 48.1 62.3 — — 179.6 
Facility, provision, franchise and other145.4 67.9 27.2 190.7 98.1 24.4 (0.5)553.2 
Total significant other operating costs and expenses562.5 242.9 140.0 505.5 260.0 127.7 (78.6)1,760.0 
Total significant expenses$782.1 $484.6 $212.6 $845.8 $396.7 $127.7 $(113.6)$2,735.9 
Year ended December 31, 2024
Reportable Segments
 Liberty CaribbeanC&W PanamaLiberty NetworksLiberty Puerto RicoLiberty Costa RicaCorporateIntersegment EliminationsTotal
 in millions
Programming and copyright$64.2 $22.0 $— $109.8 $37.6 $— $— $233.6 
Interconnect65.4 69.4 49.0 83.7 28.4 — (17.6)278.3 
Equipment50.0 50.3 0.3 151.4 63.9 — — 315.9 
Other direct costs42.9 107.5 15.7 4.7 6.9 — (16.1)161.6 
Total significant programming and other direct costs of services222.5 249.2 65.0 349.6 136.8 — (33.7)989.4 
Personnel and contract labor201.3 78.8 46.4 164.1 32.0 56.6 — 579.2 
Network-related133.4 52.1 47.9 36.3 39.9 — (72.4)237.2 
Service-related70.6 19.3 9.8 119.7 25.3 25.0 (2.5)267.2 
Commercial42.1 30.1 1.4 54.6 61.4 — — 189.6 
Facility, provision, franchise and other159.6 64.0 34.3 246.3 88.2 27.8 (1.2)619.0 
Total significant other operating costs and expenses607.0 244.3 139.8 621.0 246.8 109.4 (76.1)1,892.2 
Total significant expenses$829.5 $493.5 $204.8 $970.6 $383.6 $109.4 $(109.8)$2,881.6 
Year ended December 31, 2023
Reportable Segments
 Liberty CaribbeanC&W PanamaLiberty NetworksLiberty Puerto RicoLiberty Costa RicaCorporateIntersegment EliminationsTotal
 in millions
Programming and copyright$71.5 $21.4 $— $112.4 $33.1 $— $(1.2)$237.2 
Interconnect75.2 72.2 49.3 93.3 33.1 — (20.6)302.5 
Equipment49.0 41.6 0.6 179.6 49.8 — — 320.6 
Other direct costs34.0 117.8 18.8 2.1 4.2 — (16.8)160.1 
Total significant programming and other direct costs of services229.7 253.0 68.7 387.4 120.2 — (38.6)1,020.4 
Personnel and contract labor202.5 81.7 45.0 154.9 32.2 41.4 (0.1)557.6 
Network-related135.9 53.9 45.7 52.5 39.1 — (68.1)259.0 
Service-related76.5 17.2 6.1 79.5 25.1 23.2 — 227.6 
Commercial46.1 25.5 1.7 51.2 56.5 — 0.1 181.1 
Facility, provision, franchise and other149.4 83.6 24.6 206.7 71.7 32.4 (4.6)563.8 
Total significant other operating costs and expenses610.4 261.9 123.1 544.8 224.6 97.0 (72.7)1,789.1 
Total significant expenses$840.1 $514.9 $191.8 $932.2 $344.8 $97.0 $(111.3)$2,809.5 
v3.25.4
Parent Company Financial Information
 12 Months Ended
Dec. 31, 2025
Condensed Financial Information Disclosure [Abstract]  
Parent Company Financial Information Parent Company Financial Information
December 31,
20252024
 in millions
ASSETS
Current assets:
Cash and cash equivalents $13.7 $10.4 
Other receivables – related-party155.1 255.4 
Prepaid expenses1.0 1.0 
Other current assets— 0.2 
Total current assets
169.8 267.0 
Investments in consolidated subsidiaries
425.7 917.4 
Total assets$595.5 $1,184.4 
LIABILITIES AND SHAREHOLDERS’ EQUITY
Current liabilities:
Related-party liabilities$32.7 $92.7 
Other accrued and current liabilities5.8 3.1 
Total current liabilities
38.5 95.8 
Other long-term liabilities1.4 — 
Total liabilities39.9 95.8 
Shareholders’ equity:
Class A, $0.01 par value; 500.0 million shares authorized; 54.7 million and 38.9 million shares issued and outstanding, respectively, at December 31, 2025; 53.7 million and 38.0 million shares issued and outstanding, respectively, at December 31, 2024
0.5 0.5 
Class B, $0.01 par value; 50.0 million shares authorized; 2.4 million shares issued and outstanding at December 31, 2025 and 2.4 million shares issued and outstanding at December 31, 2024
— — 
Class C, $0.01 par value; 500.0 million shares authorized; 195.2 million and 158.7 million shares issued and outstanding, respectively, at December 31, 2025; 192.4 million and 156.3 million shares issued and outstanding, respectively, at December 31, 2024
2.0 1.9 
Undesignated preference shares, $0.01 par value; 50.0 million shares authorized; nil shares issued and outstanding at each period
— — 
Treasury shares, at cost; 52.4 million and 51.8 million shares, respectively
(448.9)(444.1)
Additional paid-in capital5,368.9 5,315.6 
Accumulated deficit(4,242.3)(3,631.1)
Accumulated other comprehensive loss, net of taxes(124.6)(154.2)
Total shareholders’ equity555.6 1,088.6 
Total liabilities and shareholders’ equity$595.5 $1,184.4 
Year ended December 31,
 202520242023

in millions
Operating costs and expenses:
Other operating costs and expenses$25.8 $5.6 $19.0 
Related-party charges and other operating items, net33.9 24.0 19.4 
Operating loss(59.7)(29.6)(38.4)
Non-operating expense:
Interest expense— (6.0)(20.2)
Realized and unrealized losses on derivatives instruments, net— (1.4)— 
Gains (losses) on debt extinguishments, net .— (0.3)0.9 
Other income (expense), net(1.3)1.3 0.6 
(1.3)(6.4)(18.7)
Loss before equity in losses of consolidated subsidiaries(61.0)(36.0)(57.1)
Equity in losses of consolidated subsidiaries, net(550.2)(653.4)(16.5)
Net loss$(611.2)$(689.4)$(73.6)
Year ended December 31,
 202520242023
in millions
Cash flows from operating activities:
Net loss$(611.2)$(689.4)$(73.6)
Adjustments to reconcile net loss to net cash provided (used) by operating activities:
Equity in loss of consolidated subsidiaries, net550.2 653.4 16.5 
Share-based compensation and other Employee Incentive Plan-related expense1.9 (1.7)10.7 
Loss (gain) on debt extinguishments, net— 0.3 (0.9)
Amortization of debt financing costs— 4.2 13.9 
Realized and unrealized losses on derivative instruments, net— 1.4 — 
Changes in operating assets and liabilities52.3 7.0 53.1 
Net cash provided (used) by operating activities(6.8)(24.8)19.7 
Cash flows from investing activities:
Distribution and repayments from consolidated subsidiaries, net7.2 323.7 277.3 
Net cash provided by investing activities7.2 323.7 277.3 
Cash flows from financing activities:
Payments of principal amounts of debt and finance lease obligations— (219.2)(173.0)
Repurchase of Liberty Latin America common shares— (82.9)(118.3)
Capped call premium payment— (14.6)— 
Other financing activities, net2.9 0.3 (1.3)
Net cash provided (used) by financing activities2.9 (316.4)(292.6)
Net increase (decrease) in cash, cash equivalents and restricted cash3.3 (17.5)4.4 
Cash, cash equivalents and restricted cash:
Beginning of year10.4 27.9 23.5 
End of year$13.7 $10.4 $27.9 
v3.25.4
Insider Trading Arrangements
 3 Months Ended
Dec. 31, 2025
Trading Arrangements, by Individual  
Rule 10b5-1 Arrangement Adopted false
Non-Rule 10b5-1 Arrangement Adopted false
Rule 10b5-1 Arrangement Terminated false
Non-Rule 10b5-1 Arrangement Terminated false
v3.25.4
Insider Trading Policies and Procedures
 12 Months Ended
Dec. 31, 2025
Insider Trading Policies and Procedures [Line Items]  
Insider Trading Policies and Procedures Adopted true
v3.25.4
Cybersecurity Risk Management and Strategy Disclosure
 12 Months Ended
Dec. 31, 2025
Cybersecurity Risk Management, Strategy, and Governance [Line Items]  
Cybersecurity Risk Management Processes for Assessing, Identifying, and Managing Threats [Text Block]
We have established a cybersecurity program, which we view as a foundational business practice incorporated into our broader risk management framework, as well as into all planning, development, operations and administration objectives. We have benchmarked our cybersecurity program against recognized frameworks established by the NIST, the International Organization for Standardization and other applicable industry standards.
Governance of Cybersecurity Risks
From a governance perspective, our Audit Committee oversees our cybersecurity program, including the management of risks arising from cybersecurity threats. Our Audit Committee receives quarterly reports from both internal (e.g., management) and external sources (e.g., third-party consultants), which cover topics that include, but are not limited to, recent cyber developments, evolving cyber standards, vulnerability assessments, third-party and independent reviews, the cyber threat environment, technological trends, and other cybersecurity considerations arising with respect to our company and third parties. Our GISO and Chief Legal Officer also keep our executive team and our Audit Committee (if necessary) informed regarding any security incident that meets established reporting thresholds and provide ongoing updates regarding any such incident until it has been closed out.
Management of Cybersecurity Risks
From a management perspective, our GISO, led by our Chief Information Security Officer, operates our cybersecurity program. Our program aligns with the NIST cybersecurity standard functions (Identify, Protect, Detect, Respond, Recover) and aims to secure our networks, information systems, information resources, data, services, and products against internal and external threats and mitigate security vulnerabilities while efficiently operating our business. We have integrated our cybersecurity program into our overall enterprise risk management program.
Our GISO has processes in place to stay informed of and monitor the prevention, detection, mitigation and remediation of cybersecurity risks, including but not limited to, employing appropriate incident prevention and detection software, employing industry-standard encryption protocols where appropriate, applying patches and implementing identified corrective actions in a timely manner, maintaining an incident response plan and related procedures and regularly conducting internal training, cybersecurity audits, assessments, tabletop exercises, threat modeling, vulnerability testing and other exercises focused on evaluating the effectiveness of our cybersecurity measures and planning.
Engagement of Third-Parties
Our GISO partners with third-party cybersecurity service and product vendors to provide protection of our networks, information resources, products, services and data of our customers and employees. Furthermore, our GISO engages third-party cybersecurity and data protection experts to perform assessments on the efficacy of our cybersecurity program and measures, including cybersecurity maturity assessments, audits and independent reviews of our cybersecurity control environment and operating effectiveness. Our Chief Information Security Officer reports the results of such assessments, audits and reviews to our executive team and our Audit Committee.
We have implemented policies and practices to manage cybersecurity risks arising from our use of third-party service providers. For example, in general, we contractually require our third-party service providers to maintain cybersecurity controls to protect our confidential information, to share information with our company about their information security programs and to inform us of any security incidents on their systems that could impact our operations or confidential information. Although we rely on our third party service providers to implement security programs commensurate with their risk, we cannot ensure in all circumstances that their efforts will be successful.
Cybersecurity Risk Management Processes Integrated [Flag] true
Cybersecurity Risk Management Processes Integrated [Text Block]
We have established a cybersecurity program, which we view as a foundational business practice incorporated into our broader risk management framework, as well as into all planning, development, operations and administration objectives. We have benchmarked our cybersecurity program against recognized frameworks established by the NIST, the International Organization for Standardization and other applicable industry standards.
Cybersecurity Risk Management Third Party Engaged [Flag] true
Cybersecurity Risk Third Party Oversight and Identification Processes [Flag] true
Cybersecurity Risk Materially Affected or Reasonably Likely to Materially Affect Registrant [Flag] false
Cybersecurity Risk Board of Directors Oversight [Text Block]
Governance of Cybersecurity Risks
From a governance perspective, our Audit Committee oversees our cybersecurity program, including the management of risks arising from cybersecurity threats. Our Audit Committee receives quarterly reports from both internal (e.g., management) and external sources (e.g., third-party consultants), which cover topics that include, but are not limited to, recent cyber developments, evolving cyber standards, vulnerability assessments, third-party and independent reviews, the cyber threat environment, technological trends, and other cybersecurity considerations arising with respect to our company and third parties. Our GISO and Chief Legal Officer also keep our executive team and our Audit Committee (if necessary) informed regarding any security incident that meets established reporting thresholds and provide ongoing updates regarding any such incident until it has been closed out.
Cybersecurity Risk Board Committee or Subcommittee Responsible for Oversight [Text Block] From a governance perspective, our Audit Committee oversees our cybersecurity program, including the management of risks arising from cybersecurity threats.
Cybersecurity Risk Process for Informing Board Committee or Subcommittee Responsible for Oversight [Text Block] Our Audit Committee receives quarterly reports from both internal (e.g., management) and external sources (e.g., third-party consultants), which cover topics that include, but are not limited to, recent cyber developments, evolving cyber standards, vulnerability assessments, third-party and independent reviews, the cyber threat environment, technological trends, and other cybersecurity considerations arising with respect to our company and third parties.
Cybersecurity Risk Role of Management [Text Block]
Management of Cybersecurity Risks
From a management perspective, our GISO, led by our Chief Information Security Officer, operates our cybersecurity program. Our program aligns with the NIST cybersecurity standard functions (Identify, Protect, Detect, Respond, Recover) and aims to secure our networks, information systems, information resources, data, services, and products against internal and external threats and mitigate security vulnerabilities while efficiently operating our business. We have integrated our cybersecurity program into our overall enterprise risk management program.
Our GISO has processes in place to stay informed of and monitor the prevention, detection, mitigation and remediation of cybersecurity risks, including but not limited to, employing appropriate incident prevention and detection software, employing industry-standard encryption protocols where appropriate, applying patches and implementing identified corrective actions in a timely manner, maintaining an incident response plan and related procedures and regularly conducting internal training, cybersecurity audits, assessments, tabletop exercises, threat modeling, vulnerability testing and other exercises focused on evaluating the effectiveness of our cybersecurity measures and planning.
Cybersecurity Risk Management Positions or Committees Responsible [Flag] true
Cybersecurity Risk Management Positions or Committees Responsible [Text Block]
From a governance perspective, our Audit Committee oversees our cybersecurity program, including the management of risks arising from cybersecurity threats. Our Audit Committee receives quarterly reports from both internal (e.g., management) and external sources (e.g., third-party consultants), which cover topics that include, but are not limited to, recent cyber developments, evolving cyber standards, vulnerability assessments, third-party and independent reviews, the cyber threat environment, technological trends, and other cybersecurity considerations arising with respect to our company and third parties. Our GISO and Chief Legal Officer also keep our executive team and our Audit Committee (if necessary) informed regarding any security incident that meets established reporting thresholds and provide ongoing updates regarding any such incident until it has been closed out.
Cybersecurity Risk Management Expertise of Management Responsible [Text Block]
Our Chief Information Security Officer has served in various roles in information technology and information security for over 15 years, including as the Director of Information Security at the Colombian operations of a telecommunications company operating throughout Latin America and as the Head of Information Security in the Colombian operations of a large retail company operating in South America. Our Chief Information Security Officer holds undergraduate, graduate and master’s degrees in risk management, business administration and information technology, as well as professional certification as a Certified Information Security Manager.
Our Chief Information Security Officer reports to our Chief Technology Officer, who resumed oversight of our company’s cybersecurity in January 2025. Our Chief Technology Officer has extensive experience in running and managing cyber risks at large U.S. telecommunication companies and, prior to joining our company, had led the cybersecurity practice at a business unit at a large telecommunications company and established cyber risk identification, detection and protection practices for enterprise and government customers. Our Chief Technology Officer holds undergraduate and master’s degrees in electrical engineering and has served in various roles in information technology at several telecommunications companies for over 30 years, including serving as either the Chief Technology Officer, Chief Information Officer or Chief Product Officer of three public companies.
Our Chief Executive Officer previously served as Chief Technology Officer at three other large media and telecommunications companies prior to becoming our Chief Executive Officer, which gave him significant security technology and operational responsibility over large networks. Our Chief Executive Officer had also led the venture arm at another leading telecommunications company which had invested in a number of IT security technology companies. The other members of our senior leadership team hold undergraduate and graduate degrees in their respective fields and have experience managing risks.
Cybersecurity Risk Process for Informing Management or Committees Responsible [Text Block] Our Audit Committee receives quarterly reports from both internal (e.g., management) and external sources (e.g., third-party consultants), which cover topics that include, but are not limited to, recent cyber developments, evolving cyber standards, vulnerability assessments, third-party and independent reviews, the cyber threat environment, technological trends, and other cybersecurity considerations arising with respect to our company and third parties. Our GISO and Chief Legal Officer also keep our executive team and our Audit Committee (if necessary) informed regarding any security incident that meets established reporting thresholds and provide ongoing updates regarding any such incident until it has been closed out.
Cybersecurity Risk Management Positions or Committees Responsible Report to Board [Flag] true
v3.25.4
Summary of Significant Accounting Policies (Policies)
 12 Months Ended
Dec. 31, 2025
Accounting Policies [Abstract]  
Accounting Changes
Accounting Changes
ASU 2023-09
In December 2023, the FASB issued ASU No. 2023-09, Income Taxes (Topic 740): Improvements to Income Tax Disclosures (ASU 2023-09), which was issued to enhance transparency of income tax disclosures, primarily by requiring consistent categories and disaggregated information about an entity’s effective tax rate reconciliation and disaggregated jurisdictional information on income taxes paid. The standard also eliminates certain existing requirements related to uncertain tax positions and unrecognized deferred tax liabilities. ASU 2023-09 is effective for annual periods beginning after December 15, 2024 with early adoption permitted. We have implemented the reporting standards set forth in ASU 2023-09 on a prospective basis as of December 31, 2025.
Recent Accounting Pronouncements
ASU 2024-03
In November 2024, the FASB issued ASU No. 2024-03, Income Statement—Reporting Comprehensive Income—Expense Disaggregation Disclosures (Subtopic 220-04): Disaggregation of Income Statement Expenses (ASU 2024-03), which requires more detailed disclosure in the notes to the financial statements about the types of expenses in commonly presented expense captions. In each annual and interim reporting period, entities are required to (i) disclose the amounts of (a) purchases of inventory, (b) employee compensation, (c) depreciation and (d) intangible asset amortization included in each expense line item within continuing operations that is presented on the statement of operations, (ii) include certain amounts that are already required to be disclosed under current U.S. GAAP in the same disclosure as the other disaggregation requirements, (iii) disclose a qualitative description of the amounts remaining in each expense line item within continuing operations that are not separately quantified and (iv) disclose the total amount of selling expenses and, in annual reporting periods, an entity’s definition of selling expenses. In January 2025, the FASB issued ASU No. 2025-01, Income Statement—Reporting Comprehensive Income—Expense Disaggregation Disclosures (Subtopic 220-04): Clarifying the Effective Date (ASU 2025-01). ASU 2024-03 is
effective for annual reporting periods beginning after December 15, 2026 and interim reporting periods beginning after December 15, 2027 with early adoption permitted, as clarified in ASU 2025-01. We are currently evaluating the impact this standard will have on our consolidated financial statements.
ASU 2025-05
In July 2025, the FASB issued ASU No. 2025-05, Financial Instruments—Credit Losses (Topic 326): Measurement of Credit Losses for Accounts Receivable and Contract Assets (ASU 2025-05), which introduces a practical expedient for all entities and an accounting policy election for all entities, other than public business entities, that elect the practical expedient to simplify the estimation of expected credit losses for current accounts receivable and current contract assets. Entities electing the practical expedient can assume that current conditions as of the balance sheet date do not change for the remaining life of the asset. Entities must disclose whether they have elected to use the practical expedient and, if so, whether they have also applied the accounting policy election. ASU 2025-05 is effective for annual reporting periods beginning after December 15, 2025, and interim periods within those annual reporting periods, with early adoption permitted. We are currently evaluating the impact this standard will have on our consolidated financial statements.
ASU 2025-06
In September 2025, the FASB issued ASU No. 2025-06, Intangibles—Goodwill and Other—Internal-Use Software (Subtopic 350-40) (ASU 2025-06), which provides accounting guidance to modernize the accounting for internal-use software costs. The amendments replace the prior stage-based model with a principles-based approach, removing all references to project stages and instead focusing on the two remaining criteria for capitalization, being (i) management has authorized and committed to the funding for the software project and (ii) it is probable a project will be completed and used as intended. Until both of these criteria are met, all software development costs should be expensed as incurred. ASU 2025-06 is effective for annual and interim periods beginning after December 15, 2027, with early adoption permitted. Entities may apply the amendments prospectively, retrospectively, or using a modified retrospective approach. We are currently evaluating the impact of ASU 2025-06 on our consolidated financial statements.
Estimates
Estimates
The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities at the date of the financial statements and the reported amounts of revenue and expenses during the reporting period. Estimates and assumptions are used in accounting for, among other things, the valuation of acquisition-related assets and liabilities, expected credit losses, programming and copyright expenses, deferred income taxes and related valuation allowances, loss contingencies, fair value measurements, impairment assessments, capitalization of internal costs associated with construction and installation activities, useful lives of long-lived assets and actuarial liabilities associated with certain benefit plans. Actual results could differ from those estimates.
Reclassifications
Reclassifications
Certain prior year amounts have been reclassified to conform to the current year presentation.
Principles of Consolidation
Principles of Consolidation
The accompanying consolidated financial statements include our accounts and the accounts of all voting interest entities where we exercise a controlling financial interest through the ownership of a direct or indirect controlling voting interest and variable interest entities for which our company is the primary beneficiary. Intercompany accounts have been eliminated in consolidation.
Cash and Cash Equivalents
Cash and Cash Equivalents
Cash equivalents consist of money market funds and other investments that are readily convertible into cash and have maturities of three months or less at the time of acquisition. We record money market funds at the net asset value as there are no restrictions on our ability, contractual or otherwise, to redeem our investments.
Receivables
Receivables
We have trade and notes receivables that are each reported net of an allowance for expected credit losses.
Our notes receivable consist of EIP receivables due from customers under contracts that range between a period of 12 to 36 months, depending on the market. The long-term portions of our notes receivable, net of allowances for expected credit losses, are $75 million and $80 million at December 31, 2025 and 2024, respectively, and are included in other assets, net, in our consolidated balance sheets.
From time to time, we may sell our trade or notes receivables to third parties. We recognize the sale of these receivables to the extent that transfer represents either (i) an entire financial asset, or (ii) a ratable participating interest, which remains constant throughout the life of the loan, with neither party senior to the other. We then evaluate whether control over the asset has been surrendered based on certain criteria, including legal isolation, actual control and effective control. To the extent the receivable does not meet the requirements of a sale, we continue to recognize the receivable and record any cash received as a debt on our consolidated balance sheet and as a financing inflow in our consolidated statement of cash flows. During 2025, 2024 and 2023, we generated approximately $48 million, $50 million, and $32 million, respectively, from the sale of receivables to third parties that is reflected in cash provided by operating activities in our consolidated statements of cash flows.
Concentration of credit risk with respect to trade and notes receivables is limited due to the large number of customers and their dispersion across many different countries, with the exception of $78 million and $118 million for December 31, 2025 and 2024, respectively, due from a single government.
The allowances on each of our trade and notes receivables are established using our best estimates of current expected credit losses based upon, among other things, actual credit loss experience over the prior 12-month period, recent collection trends, prevailing and anticipated economic conditions and specific customer credit risk. Receivables outstanding greater than 30 days are considered past due and we generally write-off receivables after they become past due for 365 days, with the exception of amounts due from certain governments.
Financial Instruments
Financial Instruments
Due to the short maturities of cash and cash equivalents, trade and other receivables, notes receivable, other current assets, accounts payable, accrued liabilities and other accrued and current liabilities, their respective carrying values approximate their respective fair values. For information concerning the fair values of our derivative and debt instruments, see notes 6 and 9, respectively.
Derivative Instruments
Derivative Instruments
Our derivative instruments, excluding our Weather Derivatives, are recorded in our consolidated balance sheets at fair value, whether designated as a hedge or not. If the derivative instrument is not designated as a hedge, changes in the fair value of the derivative instrument are recognized in earnings. If the derivative instrument is designated as a cash flow hedge, the effective portions of changes in the fair value of the derivative instrument are recorded in other comprehensive earnings or loss and subsequently reclassified into our consolidated statements of operations when the hedged forecasted transaction affects earnings. Ineffective portions of changes in the fair value of cash flow hedges are recognized in realized and unrealized gains or losses on derivative instruments in our consolidated statements of operations. With the exception of certain foreign currency forward contracts, we do not apply hedge accounting to our derivative instruments.
The reported fair values of our derivative instruments likely will not represent the value that will be paid or received upon the ultimate settlement or disposition of these assets and liabilities, as we expect that the values realized generally will be based on market conditions at the time of settlement.
The net cash received or paid related to our derivative instruments is classified as an operating, investing or financing activity in our consolidated statements of cash flows based on the objective of the derivative instrument and the classification of the applicable underlying cash flows, as follows:
•cross-currency and interest rate derivative contracts: the net cash paid or received related to principal and current interest is classified as a financing or operating activity, respectively;
•foreign currency forward contracts that are used to hedge operating expenditures: the net cash paid or received is classified as an operating activity;
•foreign currency forward contracts that are used to hedge capital expenditures: the net cash paid or received is reflected in capital expenditures, net, which are classified as an investing activity;
•foreign currency forward contracts that are used to hedge principal exposure on foreign currencies: the net cash paid or received is classified as a financing activity; and
•derivative contracts that are terminated prior to maturity: the cash paid or received upon termination that relates to future periods is classified as a financing activity.
For additional information regarding our derivative instruments, see note 6.
Inventories
Inventories
Inventories consist primarily of mobile handset devices and accessories and are valued at the lower of cost or net realizable value. We maintain inventory valuation reserves for obsolete and slow-moving inventory based on analysis of recent historical sales activity and current retail, stand-alone selling prices. We record sales of inventories under the average cost method.
Property and Equipment
Property and Equipment
Property and equipment are stated at cost less accumulated depreciation. We capitalize costs associated with the construction of new cable and mobile transmission and distribution facilities and the installation of new cable services. The nature and amount of labor and other costs to be capitalized with respect to construction and installation activities involves judgment. In addition to direct external and internal labor and materials, we also capitalize other costs directly attributable to our construction and installation activities, including dispatch costs, quality-control costs, vehicle-related costs and certain warehouse-related costs. The capitalization of these costs is based on time sheets, time studies, standard costs, call tracking systems and other verifiable means that directly link the costs incurred with the applicable capitalizable activity. We continuously monitor the appropriateness of our capitalization policies and update the policies when necessary to respond to changes in facts and circumstances, such as the development of new products and services and changes in the manner that installations or construction activities are performed. Installation activities that are capitalized include (i) the initial connection (or drop) from our cable system to a customer location, (ii) the replacement of a drop and (iii) the installation of equipment for additional services, such as digital cable, telephone or broadband internet service. The costs of other customer-facing activities, such as reconnecting and disconnecting customer locations and repairing or maintaining drops, are expensed as incurred.
We capitalize internal and external costs directly associated with the development of internal-use software. Capitalized internal-use software is included as a component of property and equipment. We also capitalize costs associated with the purchase of software licenses. Costs associated with software obtained in a hosting arrangement are expensed over the life of the service contract, unless we have the right to take possession of the software at any time without significant penalty and it is feasible to run the software on our own hardware or contract with another party unrelated to the vendor to host the software. Maintenance and training costs, as well as costs incurred during the preliminary stage of an internal-use software development project, are expensed as incurred.
Depreciation is computed using the straight-line method over the estimated useful life of the underlying asset. Equipment under finance leases is amortized on a straight-line basis over the shorter of the lease term or estimated useful life of the asset and is included in depreciation and amortization in our consolidated statements of operations. Useful lives used to depreciate our property and equipment are assessed periodically and are adjusted when warranted. The useful lives of cable and mobile distribution systems that are undergoing a rebuild are adjusted such that property and equipment to be retired will be fully depreciated by the time the rebuild is completed. For additional information regarding the useful lives of our property and equipment, see note 7.
Additions, replacements and improvements that extend the asset life are capitalized. Repairs and maintenance are expensed as incurred.
Intangible Assets
Intangible Assets
Our primary intangible assets relate to goodwill, customer relationships, spectrum licenses and cable television franchise rights. Goodwill represents the excess purchase price over the fair value of the identifiable net assets acquired in a business combination. Customer relationships, spectrum licenses and cable television franchise rights that are acquired in connection with a business combination are initially recorded at their fair values.
Goodwill and other intangible assets with indefinite useful lives are not amortized, but instead are tested for impairment at least annually. Intangible assets with finite lives are amortized on a straight-line basis over their respective estimated useful lives to their estimated residual values and reviewed for impairment.
Spectrum licenses provide us with the exclusive right to utilize a certain radio frequency spectrum to provide wireless communications services. In most of our markets, spectrum licenses are time-limited and renewals generally must be purchased at rates established by local authorities. Spectrum licenses in these markets are therefore amortized over a finite period. In Puerto Rico and the USVI, spectrum licenses are typically held for perpetuity with the exception of CBRS spectrum which has a priority term of 10 years. Moreover, we do not believe there are significant legal, regulatory, contractual, competitive,
economic or other factors that would impact the useful lives of these licenses. As such, we treat spectrum licenses in Puerto Rico as indefinite-lived intangible assets. We believe we will be able to meet all requirements necessary to secure renewal of our spectrum licenses.
Impairment of Property and Equipment and Intangible Assets
Impairment of Property and Equipment and Intangible Assets
When circumstances warrant, we review the carrying amounts of our property and equipment and our intangible assets (other than goodwill and other indefinite-lived intangible assets) to determine whether such carrying amounts continue to be recoverable. Such changes in circumstance may include (i) the impact of natural disasters, such as hurricanes, (ii) an expectation of a sale or disposal of a long-lived asset or asset group, (iii) adverse changes in market or competitive conditions, (iv) an adverse change in legal factors or business climate in the markets in which we operate and (v) operating or cash flow losses. For purposes of impairment testing, long-lived assets are grouped at the lowest level for which cash flows are largely independent of other assets and liabilities, generally at or below the reporting unit level (see below). If the carrying amount of the asset or asset group is greater than the expected undiscounted cash flows to be generated by such asset or asset group, an impairment adjustment is recognized. Such adjustment is measured by the amount that the carrying value of such asset or asset group exceeds its fair value. We generally measure fair value by considering (i) sale prices for similar assets, (ii) discounted estimated future cash flows using an appropriate discount rate and/or (iii) estimated replacement cost. Assets to be disposed of are recorded at the lower of their carrying amount or fair value less costs to sell.
We evaluate goodwill and other indefinite-lived intangible assets for impairment at least annually on July 1 and whenever facts and circumstances indicate that the fair value of a reporting unit or an indefinite-lived intangible asset may be less than its carrying value. For impairment evaluations with respect to both goodwill and other indefinite-lived intangibles, we first make a qualitative assessment to determine if the goodwill or other indefinite-lived intangible may be impaired. In the case of goodwill, if it is more likely than not that a reporting unit’s fair value is less than its carrying value, we then compare the fair value of the reporting unit to its respective carrying amount. A reporting unit is an operating segment or one level below an operating segment. Goodwill impairment is recorded as the excess of a reporting unit’s carrying value over its fair value and is charged to operations as an impairment loss. With respect to other indefinite-lived intangible assets, if it is more likely than not that the fair value of an indefinite-lived intangible asset is less than its carrying value, we then estimate its fair value and any excess of the carrying value over the fair value is also charged to operations as an impairment loss. For additional information regarding the fair value measurements of our property and equipment and intangible assets, see note
Contract Assets, Deferred Revenue and Revenue Recognition
Contract Assets
When we transfer goods or services to a customer but do not have an unconditional right to payment, we record a contract asset. Contract assets are reclassified to trade receivables, net, in our consolidated balance sheet at the point in time we have the unconditional right to payment. The long-term portions of contract assets are $185 million and $149 million as of December 31, 2025 and 2024, respectively, and are included in other assets, net, in our consolidated balance sheets.
Deferred Revenue
We record deferred revenue when we have received payment prior to transferring goods or services to a customer. Deferred revenue primarily relates to (i) advanced payments on fixed subscription services, mobile airtime services and long-term capacity contracts and (ii) deferred installation and other upfront fees. Our aggregate current and long-term deferred revenue as of December 31, 2025 and 2024 was $209 million and $214 million, respectively.
Revenue Recognition
We categorize revenue into two major categories: (i) residential revenue, which includes revenue from fixed and mobile services provided to residential customers, and (ii) B2B revenue, which includes enterprise revenue and wholesale revenue. For additional information regarding our revenue by major category, see note 17. Our revenue recognition policies are as follows:
General. Most of our fixed and mobile residential contracts are not enforceable or do not contain substantive early termination penalties. Accordingly, revenue relating to these customers is recognized on a basis consistent with customers that are not subject to contracts. We account for customer service revenue contracts that include both non-lease and lease components as a single component in all instances where the non-lease component is the predominant component of the arrangement and the other applicable criteria are met.
Residential Fixed and B2B Service Revenue – Fixed Networks. We recognize revenue from video, broadband internet and fixed-line telephony services over our fixed networks to customers in the period the related residential fixed or B2B services are provided. Installation or other upfront fees related to services provided over our fixed networks are generally deferred and recognized as subscription revenue over the contractual period, or longer if the upfront fee results in a material renewal right. We defer upfront installation and certain non-recurring fees received on B2B contracts where we maintain ownership of the installed equipment. The deferred fees are amortized into revenue on a straight-line basis over the term of the arrangement or the expected period of performance.
We may also sell video, broadband internet and fixed-line telephony services to our customers in bundled packages at a rate lower than if the customer purchased each product on a standalone basis. Arrangement consideration from bundled packages generally is allocated proportionally to the individual service based on the relative standalone price for each respective product or service.
Mobile Revenue – General. Consideration from mobile contracts is allocated to airtime services and handset sales based on the relative standalone prices of each performance obligation.
Mobile Revenue – Airtime Services. We recognize revenue from mobile services in the period the related services are provided. Payments received from prepaid customers are recorded as deferred revenue prior to the commencement of services and are recognized as revenue as the services are rendered or usage rights expire.
Mobile Revenue – Handset Revenue. Arrangement consideration allocated to handsets is recognized as revenue when the goods have been transferred to the customer.
Wholesale Revenue – Long-term Contracts. We enter into certain long-term (i) capacity contracts with customers where the customer either pays a fixed fee over time or prepays for the capacity upfront and pays a portion related to operating and maintenance of the network over time and (ii) contracts with customers related to the construction of subsea cable systems where we recognize revenue over time, generally using an output method. With respect to long-term prepaid contracts, we assess whether such contracts contain a significant financing component. If the financing component is significant, interest expense is accreted over the life of the contract using the effective interest method. The revenue associated with prepaid contracts is deferred and generally recognized on a straight-line basis over the life of the contract. As of December 31, 2025, we have approximately $370 million of unfulfilled performance obligations relating to our long-term contracts that generally will be recognized as revenue over an average remaining life of four years.
Government Funding Revenue. From time to time, we receive funds from the FCC, primarily in Puerto Rico, where funds were established in an effort to restore, expand and upgrade fixed and mobile networks in Puerto Rico and USVI. We recognize funds granted from the FCC as other revenue in the period in which we are entitled to receive the funds, as the FCC does not meet the definition of a “customer.”
Sales, Use and Other VAT. Revenue is recorded net of applicable sales, use and other value-added taxes.
Operating Leases
Operating Leases
Our operating leases primarily consist of (i) property leases for mobile tower locations that generally have initial terms of five to ten years with one or more renewal options, and (ii) lease commitments for (a) retail stores, offices and facilities, (b) other network assets and (c) other equipment. It is expected that in the normal course of business, operating leases that expire generally will be renewed or replaced by similar leases. For additional information regarding our leases, see note 8.
We classify leases with a term of greater than 12 months where substantially all risks and rewards incidental to ownership are retained by the third-party lessors as operating leases. We record a right-of-use asset and an operating lease liability at inception of the lease at the present value of the lease payments plus certain other payments, including variable lease payments and amounts probable of being owed by us under residual value guarantees. Payments made under operating leases, net of any
incentives received from the lessors, are recognized to expense on a straight-line basis over the term of the lease. Initial direct costs incurred in negotiating and arranging operating leases are recognized to expense when incurred. Contingent rental payments are recognized to expense when incurred. Our operating lease expense is included in facility, provision, franchise and other expense, which is included in other operating costs and expenses in our consolidated statements of operations. Our right-of-use assets and non-current operating lease liabilities are included in other assets, net, and other long-term liabilities, respectively, in our consolidated balance sheets.
We use a credit-adjusted discount rate to measure our operating lease liabilities. We derive the discount rates associated with each of our borrowing groups by firstly constructing a credit curve which is based on the implied credit spread between the risk free rate (generally U.S. dollar denominated U.S. Treasuries) and a credit curve constructed using an index of observable U.S. dollar denominated fixed rate corporate bonds issued by U.S. telecommunications companies with the same rating as the respective borrowing group. Next, we apply a linear fixed spread to this credit curve reflecting the difference between the observable price on the longest tradable debt instrument in each borrowing group and the credit curve at the maturity date of the observed debt instrument. Lastly, we make adjustments for all tenors to correct for the collateralized interest rate spread by comparing unsecured debt to asset-backed securities (secured debt) trades; this adjustment is based on the difference between the index of observable U.S. dollar denominated fixed rate corporate bonds issued by U.S. telecommunications companies with the same rating as the borrowing group and a similar index for companies rated one-class higher on the rating-code scale.
Income Taxes
Income Taxes
The income taxes of Liberty Latin America are presented on a standalone basis, and each tax paying entity or group within Liberty Latin America is presented on a separate return basis. Income taxes are accounted for under the asset and liability method. We recognize deferred tax assets and liabilities for the future tax consequences attributable to differences between the financial statement carrying amounts and income tax basis of assets and liabilities and the expected benefits of utilizing net operating loss and tax credit carryforwards, using enacted tax rates in effect for each taxing jurisdiction in which we operate for the year in which those temporary differences are expected to be recovered or settled. We recognize the financial statement effects of a tax position when it is more-likely-than-not, based on technical merits, that the position will be sustained upon examination. Net deferred tax assets are then reduced by a valuation allowance if we believe it is more-likely-than-not that such net deferred tax assets will not be realized. Certain of our valuation allowances are associated with entities that we acquired in business combinations. The effect on deferred tax assets and liabilities of a change in tax rates is recognized in earnings in the period that includes the enactment date. Deferred tax liabilities related to investments in foreign entities and foreign corporate joint ventures that are essentially permanent in duration are not recognized until it becomes apparent that such amounts will reverse in the foreseeable future. To be considered essentially permanent in duration, sufficient evidence must indicate that the foreign entity has invested or will invest its undistributed earnings indefinitely, or that earnings will be remitted in a tax-free liquidation. Interest and penalties related to income tax liabilities are included in income tax benefit or expense in our consolidated statements of operations.
Foreign Currency Translation and Transactions
Foreign Currency Translation and Transactions
The reporting currency of Liberty Latin America is the U.S. dollar. The functional currency of our foreign operations is the applicable local currency for each foreign entity. Assets and liabilities of our foreign subsidiaries (including intercompany balances for which settlement is not anticipated in the foreseeable future) are translated at the spot rate in effect at the applicable reporting date. With the exception of certain material transactions, the amounts reported in our consolidated statements of operations are translated at the average exchange rates in effect during the applicable period. The resulting unrealized cumulative translation adjustment, net of applicable income taxes, is recorded as a component of accumulated other comprehensive earnings or loss in our consolidated statements of equity. With the exception of certain material transactions, the cash flows from our operations in foreign countries are translated at the average rate for the applicable period in our consolidated statements of cash flows. The impacts of material transactions generally are recorded at the applicable spot rates in our consolidated statements of operations and cash flows. The effect of exchange rates on cash balances held in foreign currencies are separately reported in our consolidated statements of cash flows.
Transactions denominated in currencies other than our or our subsidiaries’ functional currencies are recorded based on exchange rates at the time such transactions arise. Changes in exchange rates with respect to monetary assets and liabilities
denominated in a non-functional currency result in transaction gains and losses that are reflected in our consolidated statements of operations as unrealized (based on the applicable period end exchange rates) or realized upon settlement of the transactions.
Share-based Compensation
Share-based Compensation
We recognize compensation expense associated with share-based incentive awards based on their grant-date fair values. The grant-date fair values for SARs and PSARs are estimated using the Black-Scholes-Merton valuation model, and the grant-date fair values for RSUs and PSUs are based upon the closing market price of our shares on the date of grant. The grant-date fair values of LTVP awards are determined as a percentage of annual employee base compensation. We may also settle annual bonus-related obligations in the form of equity. We use the liability-based method of accounting in such situations, as the equity to be issued is variable. We use the legal life of the award for the expected life of SARs granted to executives. For SARs granted to non-executives, the expected life is calculated using the “simplified method” as we do not have sufficient historical exercise data. The expected volatility of SARs is based on a weighted average calculation that may include (i) data from a comparable group of peer companies, and/or (ii) Liberty Latin America’s share trading history. We recognize the grant-date fair value of outstanding awards as a charge to operations over the requisite service period, which is generally the vesting period, and account for forfeitures as they occur. We use the straight-line method to recognize share-based compensation expense for share-based incentive awards that do not contain a performance condition and the accelerated expense attribution method for our share-based incentive awards that contain a performance condition and vest on a graded basis.
Restructuring Charges
Restructuring Charges
We recognize restructuring charges primarily related to employee severance as part of reorganization activities that may happen from time to time. Restructuring charges are included in impairments, restructuring and other operating items, net, in the consolidated statement of operations.
Litigation Costs
Litigation Costs
Legal fees and related litigation costs are expensed as incurred.
Recurring and Non-Recurring Fair Value Measurements
Recurring Fair Value Measurements
Derivatives
In order to manage our interest rate and foreign currency exchange risk, we have entered into various derivative instruments, as further described in note 6. We use the fair value method to account for most of our derivative instruments. The recurring fair value measurements of these derivative instruments are determined using discounted cash flow models. Most of the inputs to these discounted cash flow models consist of, or are derived from, observable Level 2 data for substantially the full
term of these derivative instruments. This observable data mostly includes interest rate futures and swap rates, which are retrieved or derived from available market data. Although we may extrapolate or interpolate this data, we do not otherwise alter this data in performing our valuations. We incorporate a credit risk valuation adjustment in our fair value measurements to estimate the impact of both our own nonperformance risk and the nonperformance risk of our counterparties. Our and our counterparties’ credit spreads represent our most significant Level 3 inputs, and these inputs are used to derive the credit risk valuation adjustments with respect to these instruments. As we would not expect changes in our or our counterparties’ credit spreads to have a significant impact on the valuations of these instruments, we have determined that these valuations fall under Level 2 of the fair value hierarchy. Our credit risk valuation adjustments with respect to our interest rate derivative contracts are further explained in note 6.
Non-recurring Fair Value Measurements
Fair value measurements may also be used for purposes of non-recurring valuations performed in connection with our acquisition accounting and impairment assessments.
Hurricane Melissa
In late October 2025, the island of Jamaica was impacted by Hurricane Melissa with significant damage to homes, businesses and infrastructure, particularly in the southwest of the island and moderate damage in the northwest. The effects of the hurricane were deemed to constitute triggering events with respect to the need to assess certain assets for impairment. The impairment recorded reflects our assessment of property and equipment that were damaged and destroyed and are no longer in use. For additional information regarding the impairment charge related to Hurricane Melissa, see note 7.
Impairment Assessment
We performed non-recurring valuations associated with impairments of our spectrum license intangible assets and goodwill. As further discussed below, these assessments use significant unobservable inputs and therefore fall under Level 3 of the fair value hierarchy. For purposes of the goodwill impairment assessment, unless a reporting unit has a readily determinable fair value, we estimate the fair value of the reporting unit using either a market-based or income-based approach.
Spectrum License Intangible Assets
During 2025, and in response to the cumulative impact of challenges stemming from the migration of customers acquired from AT&T to Liberty Puerto Rico’s mobile network and other various network challenges that impacted these mobile customers, including a slower than expected recovery, we concluded that a triggering event occurred requiring an assessment of the fair value of our spectrum license intangible asset at Liberty Puerto Rico.
We used a market approach for purposes of the quantitative impairment assessment to value our owned spectrum license intangible assets at Liberty Puerto Rico using a range of values established largely through industry benchmarks, FCC auction data, and precedent transactions, which falls under Level 3 of the fair value hierarchy. Based on this valuation, the fair value of the owned spectrum assets at Liberty Puerto Rico were less than the respective carrying value, and as a result, we recorded an impairment loss of $494 million during the year ended December 31, 2025. The impairment is reflected in impairment, restructuring and other operating items, net, in the consolidated statements of operations, the carrying value of which was $777 million after the impairment loss. The impairment loss was driven by the lower fair value, primarily attributed to a result of challenges related to the operationalization of this spectrum.
Goodwill
For purposes of our annual goodwill impairment assessments, we used an income approach to determine the estimated fair values of our reporting units. Under this approach, we utilized a discounted cash flow model as the valuation technique to estimate the fair values of the reporting units from a market participant’s perspective. This approach uses certain inputs and assumptions that require estimates and judgments, including forecasted cash flows and appropriate discount rates. Forecasts of future cash flows are largely based on our assumptions using Level 3 inputs, which we consider to be consistent with a market participant’s approach. We used the weighted-average cost of capital for each reporting unit as the basis for the discount rate to establish the present value of the expected cash flows for the respective reporting unit. The inputs for our weighted average cost of capital calculations include Level 2 and Level 3 inputs, generally derived from third-party pricing services.
Based upon the results of the aforementioned analyses, we (i) recognized a goodwill impairment charge associated with our Liberty Puerto Rico reporting unit during 2024, as further described in note 7, and (ii) did not recognize any goodwill impairment charges during 2025.
For additional information regarding goodwill impairment charges, see note 7.
Acquisition Accounting
Acquisition Accounting
During 2024, we performed certain non-recurring valuations related to the acquisition accounting for the LPR Acquisition. For information related to the final opening balance sheet associated with the LPR Acquisition, see note 5.
Non-recurring valuations associated with acquisition accounting use significant unobservable inputs and therefore fall under Level 3 of the fair value hierarchy. The non-recurring valuations associated with the LPR Acquisition primarily include the valuation of customer relationships and spectrum intangible assets. These valuations are further described below:
•Customer relationships. The valuation of customer relationships is primarily based on an excess earnings methodology, which is a form of a discounted cash flow analysis. The excess earnings methodology for customer relationship intangible assets requires us to estimate the specific cash flows expected from the acquired customer relationships, considering such factors as estimated customer life, the revenue expected to be generated over the life of the customer relationships, contributory asset charges and other factors.
•Spectrum intangible assets. The valuation of spectrum intangible assets may use either an adjusted market-based approach, which requires the calibration of observable market inputs to reflect the fair value of the assets acquired, or a combination of an adjusted market-based approach with other methods, such as an income-based approach, which requires a wide range of assumptions and inputs, including forecasting costs associated with building a complementary asset base.
•Property and equipment. The valuation of property and equipment may use either an indirect cost approach, which utilizes trends based on historical cost information, or a combination of indirect cost approach, market approach and direct replacement cost method, which considers factors such as current prices of the same or similar equipment, the age of the equipment and economic obsolescence.
v3.25.4
Basis of Presentation (Tables)
 12 Months Ended
Dec. 31, 2025
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Schedule of Error Corrections and Prior Period Adjustments
Year ended December 31, 2024
As previously reportedAdjustmentsAs adjusted
in millions
Revenue$4,456.9 (10.1)$4,446.8 
Operating loss$(48.3)(28.5)$(76.8)
Loss before income taxes$(631.4)(28.5)$(659.9)
Net loss attributable to Liberty Latin America$(657.0)(32.4)$(689.4)
December 31, 2024
As previously reportedAdjustmentsAs adjusted
in millions
Total current assets$2,131.5 (16.3)$2,115.2 
Total current liabilities$2,043.9 16.1 $2,060.0 
Total equity$1,626.0 (32.4)$1,593.6 
v3.25.4
Summary of Significant Accounting Policies (Tables)
 12 Months Ended
Dec. 31, 2025
Accounting Policies [Abstract]  
Schedule of Accounts Receivable, Allowance for Credit Loss
The aggregate changes in our allowance for expected credit losses associated with our trade receivables, and current and long-term notes receivables are set forth below:
Year ended December 31,
202520242023
in millions
Beginning balance$157.2 $91.6 $101.1 
Provision for expected losses, net104.4 141.7 71.5 
Write-offs, net of recoveries(90.3)(75.8)(84.0)
Foreign currency translation adjustments and other1.7 (0.3)3.0 
Ending balance$173.0 $157.2 $91.6 
v3.25.4
Acquisitions (Tables)
 12 Months Ended
Dec. 31, 2025
Business Combination, Asset Acquisition, Transaction between Entities under Common Control, and Joint Venture Formation [Abstract]  
Schedule of Purchase Price Allocation
The following table sets forth a reconciliation of the stated purchase price to the net cash paid (in millions):
Stated purchase price
$255.8 
International roaming credits, net present value adjustment and net working capital adjustments, net (a)(20.2)
Total consideration235.6 
Consideration outstanding (b)140.2 
Total cash paid for acquisition$95.4 
(a)Represents the (i) fair value of approximately $7 million assigned to international roaming credits to be provided to EchoStar in addition to the stated purchase price, (ii) the difference between the stated purchase price and the net present value of the deferred payment obligation for the LPR Acquisition, which will be amortized to interest expense over the remaining payment term of the cash installments, and (iii) net working capital adjustments that were not cash settled as of December 31, 2024.
(b)Represents the (i) net present value of our deferred payment obligation, as further described above, (ii) the fair value of international roaming credits and (iii) certain working capital adjustments that have not yet been cash settled. The current portion of our deferred payment obligation is recorded to other accrued and current liabilities in our consolidated balance sheet and the long-term portion is recorded to other long-term liabilities in our consolidated balance sheets.
A summary of the purchase price and the opening balance sheet associated with the LPR Acquisition at the September 3, 2024 acquisition date is presented in the following table. The opening balance sheet presented below reflects our final purchase price allocation (in millions):
Goodwill (a)$14.6 
Intangible assets not subject to amortization (b)215.4 
Intangible assets subject to amortization (c)7.2 
Other accrued and current liabilities(1.6)
Total purchase price$235.6 
(a)The goodwill recognized in connection with the LPR Acquisition is primarily attributable to (i) competitive advantages resulting from the acquisition of spectrum in the region and (ii) synergies that are expected to be achieved through the integration of the acquired prepaid mobile business with Liberty Latin America’s existing business in Puerto Rico and USVI. We expect that all of the goodwill resulting from the LPR Acquisition will be deductible for tax purposes.
(b)Represents the then estimated fair value of spectrum licenses.
(c)Represents the estimated fair value of the acquired customer relationship intangible asset, which has a weighted average useful life of 4 years at September 3, 2024.
Schedule of Pro Forma Information
The following unaudited pro forma consolidated operating results give effect to the LPR Acquisition as if it had closed January 1, 2023.
Year ended December 31,
20242023
in millions
Revenue$4,473.3 $4,555.1 
Net loss attributable to Liberty Latin America shareholders$(684.4)$(86.7)
v3.25.4
Derivative Instruments (Tables)
 12 Months Ended
Dec. 31, 2025
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule of Fair Values of Our Derivative Instrument Assets and Liabilities
The following table provides details of the fair values of our derivative instrument assets and liabilities:
 December 31, 2025December 31, 2024
 Current (a)Long-term (a)TotalCurrent (a)Long-term (a)Total
 in millions
Assets — interest rate derivative contracts (b)$44.2 $28.2 $72.4 $81.3 $109.2 $190.5 
Liabilities (b):
Interest rate derivative contracts$7.2 $46.8 $54.0 $38.0 $8.5 $46.5 
Foreign currency forward contracts5.1 — 5.1 10.6 — 10.6 
Total$12.3 $46.8 $59.1 $48.6 $8.5 $57.1 
(a)Our current derivative assets, long-term derivative assets, current derivative liabilities and long-term derivative liabilities are included in other current assets, net, other assets, net, other accrued and current liabilities and other long-term liabilities, respectively, in our consolidated balance sheets.
(b)We consider credit risk relating to our nonperformance and the nonperformance of our counterparties in the fair value assessment of our derivative instruments. In all cases, the adjustments take into account offsetting liability or asset positions within each of our primary borrowing groups (see note 9) and are recorded in realized and unrealized gains or
losses on derivative instruments, net, in our consolidated statements of operations. For further information regarding our fair value measurements, see note 4.
Schedule of Realized and Unrealized Gains (Losses) on Derivative Instruments, Net
The details of our realized and unrealized gains (losses) on derivative instruments, net, are as follows:
Year ended December 31,
 202520242023
 in millions
Interest rate and cross-currency derivative contracts$(63.4)$76.7 $27.3 
Foreign currency forward contracts and other(7.1)(7.6)(30.6)
Weather Derivatives50.5 13.0 (30.9)
Total$(20.0)$82.1 $(34.2)
Schedule of Classification of the Net Cash Inflows (Outflows) of Our Derivative Instruments
The following table sets forth the classification of the net cash inflows of our derivative instruments:
 Year ended December 31,
 202520242023
 in millions
Operating activities (a)$81.7 $94.2 $35.6 
Investing activities(1.9)(1.3)— 
Financing activities18.8 43.2 9.8 
Total$98.6 $136.1 $45.4 
(a)The 2025 amount primarily relates to (i) $81 million in net proceeds in connection with the settlement of certain Hurricane Melissa claims under our Weather Derivatives and (ii) cash outflow of $6 million related to the Liberty Puerto Rico cash-settlement of all outstanding interest rate derivative instruments. The 2024 amount primarily includes $44 million of net proceeds in connection with the settlement of certain Hurricane Beryl claims under our Weather Derivatives.
v3.25.4
Long-lived Assets (Tables)
 12 Months Ended
Dec. 31, 2025
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of Impairment Charges
The following table sets forth the details of our impairment charges:
Liberty CaribbeanC&W PanamaLiberty NetworksLiberty Puerto RicoLiberty Costa RicaTotal
 in millions
Year ended December 31, 2025:
Spectrum (a)$— $— $— $494.0 $— $494.0 
Property and equipment and other (b)56.8 6.0 0.1 1.7 0.3 64.9 
Total impairment charges$56.8 $6.0 $0.1 $495.7 $0.3 $558.9 
Year ended December 31, 2024:
Goodwill (c)$— $— $— $515.7 $— $515.7 
Property and equipment and other8.1 7.8 4.5 2.0 0.3 22.7 
Total impairment charges$8.1 $7.8 $4.5 $517.7 $0.3 $538.4 
Year ended December 31, 2023:
Total impairment charges - property and equipment and other (d)$4.1 $51.9 $0.8 $9.4 $0.8 $67.0 
(a)During 2025, we recorded an impairment of $494 million on spectrum license intangible assets recorded at Liberty Puerto Rico. See further details of our intangible assets not subject to amortization below.
(b)During October 2025, our operations in Jamaica were significantly impacted by Hurricane Melissa resulting in extensive damage to homes, businesses and infrastructure. Based on estimates of the impacts on our Jamaica operations, we recorded impairment charges of $56 million to reduce the carrying values of our property and equipment. This impairment charge is based on our assessment of currently available information and, accordingly, it is possible that further impairment charges could be required if the adverse impacts of the hurricane or estimated costs of recovery are greater than expected. For additional information regarding the impacts of Hurricane Melissa and the fair value method and related assumptions used in our impairment assessments, see note 4.
(c)During 2024, we recorded a $516 million impairment of goodwill at our Liberty Puerto Rico reporting unit. This impairment was mainly driven by declines in revenue, primarily from mobile subscriber losses, increased bad debt and other adverse impacts largely associated with (i) the migration of customers acquired from AT&T to our mobile network and (ii) various network challenges that have impacted these mobile customers.
(d)During 2023, C&W Panama recognized impairment of certain operating lease right-of-use assets, predominantly related to decommissioned tower leases. As of December 31, 2023, these operating lease right-of-use assets were fully amortized.
Schedule of Goodwill
Changes in the carrying amount of our goodwill during 2025 are set forth below:
Liberty CaribbeanC&W PanamaLiberty NetworksLiberty Costa RicaTotal
 in millions
January 1, 2025$1,211.6 $617.1 $652.2 $500.1 $2,981.0 
Foreign currency translation adjustments and other(3.7)— 17.1 13.1 26.5 
December 31, 2025$1,207.9 $617.1 $669.3 $513.2 $3,007.5 
Changes in the carrying amount of our goodwill during 2024 are set forth below:
Liberty CaribbeanC&W PanamaLiberty NetworksLiberty Puerto RicoLiberty Costa RicaTotal
 in millions
January 1, 2024$1,218.1 $617.1 $655.9 $501.1 $491.2 $3,483.4 
Acquisition— — — 14.6 — 14.6 
Foreign currency translation adjustments and other(6.5)— (3.7)— 8.9 (1.3)
Impairment— — — (515.7)— (515.7)
December 31, 2024$1,211.6 $617.1 $652.2 $— $500.1 $2,981.0 
Schedule of Property and Equipment and the Related Accumulated Depreciation
The details of our property and equipment and the related accumulated depreciation are set forth below:
Estimated useful
life at
December 31, 2025		December 31,
20252024
 in millions
Distribution systems
3 to 25 years
$5,280.3 $5,181.1 
Support equipment and buildings
3 to 40 years
1,403.2 1,292.6 
CPE
3 to 5 years
965.4 948.6 
7,648.9 7,422.3 
Accumulated depreciation(4,105.2)(3,767.4)
Total depreciable assets3,543.7 3,654.9 
CIP and land
304.1 407.5 
Total property and equipment, net$3,847.8 $4,062.4 
Schedule of Intangible Assets Subject to Amortization
The details of our intangible assets not subject to amortization are set forth below:
December 31,
20252024
 in millions
Spectrum licenses (a)$777.5 $1,271.5 
Cable television franchise rights and other541.8 541.8 
Total intangible assets not subject to amortization$1,319.3 $1,813.3 
(a)The 2024 amount includes $215 million of spectrum licenses attributable to the LPR Acquisition. For additional information regarding the assets acquired as part of the LPR Acquisition, see note 5.
Intangible Assets Subject to Amortization, Net
The details of our intangible assets subject to amortization, which had estimated useful lives ranging from 4 to 25 years at December 31, 2025, are set forth below:
December 31,
20252024
 in millions
Customer relationships$616.4 $898.9 
Licenses and other299.9 259.3 
916.3 1,158.2 
Accumulated amortization(555.3)(743.9)
Total intangible assets subject to amortization, net$361.0 $414.3 
Schedule of Future Amortization Expense
Based on our amortizable intangible assets balance at December 31, 2025, we expect that amortization expense will be as follows for the next five years and thereafter (in millions):
2026$71.8 
202762.4 
202857.0 
202952.1 
203034.8 
Thereafter82.9 
Total$361.0 
v3.25.4
Operating Leases (Tables)
 12 Months Ended
Dec. 31, 2025
Leases [Abstract]  
Schedule of Operating Lease Expense
The following table provides details of our operating lease expense:
Year ended December 31,
202520242023
in millions
Operating lease expense:
Operating lease cost
$135.1 $122.8 $128.0 
Short-term lease cost
24.1 27.5 29.0 
Total operating lease expense
$159.2 $150.3 $157.0 
Schedule of Certain Other Details of Operating Leases Assets and Liabilities
Certain other details of our operating leases are set forth in the tables below.
December 31,
20252024
in millions
Operating lease right-of-use assets (a)$470.4 $481.2 
Operating lease liabilities:
Current$95.0 $87.5 
Long-term423.6 450.2 
Total operating lease liabilities$518.6 $537.7 
Weighted-average remaining lease term
6.6 years7.3 years
Weighted-average discount rate
8.6 %8.1 %
Year ended December 31,
202520242023
in millions
Operating cash outflows from operating leases$146.9 $131.4 $131.9 
Right-of-use assets obtained in exchange for new operating lease liabilities (a)$75.0 $95.6 $53.8 
(a)Represents non-cash transactions associated with operating leases entered into during the year, including amounts related to acquisitions, as further described in note 5.
Schedule of Maturities of Operating Leases Liabilities
Maturities of our operating lease liabilities as of December 31, 2025 are presented below. Amounts presented below represent U.S. dollar equivalents (in millions) based on December 31, 2025 exchange rates.
Years ending December 31:
2026$132.0 
2027115.6 
2028105.7 
202991.2 
203073.0 
Thereafter178.5 
Total operating lease liabilities on an undiscounted basis
696.0 
Present value discount(177.4)
Present value of operating lease liabilities
$518.6 
v3.25.4
Debt and Finance Lease Obligations (Tables)
 12 Months Ended
Dec. 31, 2025
Debt and Lease Obligation [Abstract]  
Schedule of Debt
The U.S. dollar equivalents of the components of our debt are as follows:
 December 31, 2025Estimated fair value (c)Principal amount
Weighted
average
interest
rate (a)		Unused borrowing capacity (b)
Borrowing currencyUS $ equivalentDecember 31,December 31,
2025202420252024
in millions
C&W Notes
7.93 %— $— $1,793.8 $1,707.2 $1,755.0 $1,735.0 
C&W Credit Facilities (d)6.62 %(e)687.5 2,603.7 2,671.0 2,646.2 2,690.2 
LPR Senior Secured Notes
6.08 %— — 1,285.5 1,709.1 1,981.0 1,981.0 
LPR Credit Facilities
8.15 %$116.0 116.0 431.8 598.9 676.5 670.0 
2030 LPR Term Loan9.75 %$50.0 50.0 200.0 — 208.0 — 
LCR Credit Facilities10.43 %$60.0 60.0 538.0 481.7 515.0 450.0 
Vendor financing, Tower Transactions and other (f) (g)7.90 %— — 568.1 612.6 568.1 612.6 
Total debt before premiums, discounts and deferred financing costs7.29 %$913.5 $7,420.9 $7,780.5 $8,349.8 $8,138.8 
The following table provides a reconciliation of total debt before premiums, discounts and deferred financing costs to total debt and finance lease obligations:
December 31,
20252024
in millions
Total debt before premiums, discounts and deferred financing costs
$8,349.8 $8,138.8 
Premiums, discounts and deferred financing costs, net(79.3)(63.2)
Total carrying amount of debt
8,270.5 8,075.6 
Finance lease obligations
8.7 4.6 
Total debt and finance lease obligations
8,279.2 8,080.2 
Less: Current maturities of debt and finance lease obligations
(408.8)(465.7)
Long-term debt and finance lease obligations
$7,870.4 $7,614.5 
(a)Represents the weighted average interest rate in effect at December 31, 2025 for all borrowings outstanding pursuant to each debt instrument, including any applicable margin. The interest rates presented generally represent stated rates and do not include the impact of derivative instruments, deferred financing costs, original issue premiums or discounts and commitment fees, all of which affect our overall cost of borrowing.
(b)Unused borrowing capacity represents the maximum availability under the applicable facility at December 31, 2025 without regard to covenant compliance calculations or other conditions precedent to borrowing. At December 31, 2025, the full amount of unused borrowing capacity was available to be borrowed under each of the respective subsidiary facilities, both before and after completion of the December 31, 2025 compliance reporting requirements. At December 31, 2025, except as may be limited by tax and legal considerations, the presence of noncontrolling interests, foreign currency exchange restrictions with respect to certain C&W subsidiaries and other factors, there were no restrictions on the respective subsidiary’s ability to upstream cash from this availability to Liberty Latin America or its subsidiaries or other equity holders.
(c)The estimated fair values of our debt instruments are determined using the applicable bid prices (mostly Level 1 of the fair value hierarchy) or from quoted prices for similar instruments in active markets adjusted for the estimated credit spreads of the applicable entity, to the extent available, and other relevant factors (Level 2 of the fair value hierarchy). For additional information regarding fair value hierarchies, see note 4.
(d)Includes other facilities that are generally repaid in three annual installments.
(e)The C&W Credit Facilities unused borrowing capacity comprises certain U.S. dollar, Trinidad & Tobago dollar and JMD revolving credit facilities.
(f)Includes Tower Transactions associated with certain of our mobile towers across various markets. The Tower Transactions did not meet the criteria to be accounted for as a sale and leaseback. The proceeds from the Tower Transactions are recorded as a financial liability and the associated tower assets remain on our consolidated balance sheets. During 2025 and 2024, we received proceeds of $3 million and $9 million, respectively, related to the Tower Transactions, which are included in borrowings of debt in our consolidated statements of cash flows.
(g)Includes amounts owed pursuant to interest-bearing vendor financing arrangements that are used to finance certain of our operating expenses and property and equipment additions. These obligations are generally due within one year, other
than for certain licensing arrangements that are generally due over the term of the related license, and include VAT that was paid on our behalf by the vendor. Changes in our vendor financing obligations are set forth below:
Year ended December 31,
20252024
in millions
Balance at beginning of period$327.7 $299.1 
Operating expenses financed by an intermediary (i)201.1 198.8 
Assets acquired under capital-related vendor financing arrangements (ii)123.9 154.9 
Principal payments on vendor financing obligations (iii)(346.0)(324.5)
Foreign currency translation adjustments and other(1.2)(0.6)
Balance at end of period$305.5 $327.7 
Current portion$302.1 $324.7 
Long-term portion$3.4 $3.0 
(i)Our operating expenses include $201 million, $199 million and $177 million for 2025, 2024 and 2023, respectively, that were financed by an intermediary and are reflected on the borrowing date as a cash outflow within net cash provided or used by operating activities and a cash inflow within net cash provided or used by financing activities in our consolidated statements of cash flows.
(ii)Amounts are reflected on the borrowing date as a non-cash increase to property and equipment additions. For additional information, see notes 7 and 17.
(iii)Repayments of vendor financing obligations are included in payments of principal amounts of debt and finance lease obligations in our consolidated statements of cash flows.
The details of the outstanding C&W Notes as of December 31, 2025 are summarized in the following table:
C&W NotesMaturityInterest
rate		Outstanding principal amountCarrying
value (a)
   in millions
2032 C&W Senior Secured NotesOctober 15, 20327.125 %$1,000.0 $990.4 
2033 C&W Senior NotesJanuary 15, 20339.000 %755.0 746.6 
Total$1,755.0 $1,737.0 
(a)Amounts are net of deferred financing costs.
The details of the outstanding LPR Senior Secured Notes as of December 31, 2025 are summarized in the following table:
LPR Senior Secured NotesMaturityInterest rateOutstanding principal amountCarrying
value (a)
   in millions
2027 LPR Senior Secured NotesOctober 15, 20276.750%$1,161.0 $1,155.9 
2029 LPR Senior Secured NotesJuly 15, 20295.125%820.0 816.2 
Total$1,981.0 $1,972.1 
(a)Amounts are inclusive or net of original issue premiums and deferred financing costs, as applicable.
Schedule of Debt Redemption The C&W Notes are subject to certain redemption rights (as specified in the applicable indenture). Some or all of the 2032 C&W Senior Secured Notes and 2033 C&W Senior Notes may be redeemed at the following redemption prices (expressed as a percentage of the principal amount) plus accrued and unpaid interest and additional amounts (as specified in the indenture), if any, to the applicable redemption date, as set forth below:
Redemption Price
2032 C&W Senior Secured Notes
2033 C&W Senior Notes
12-month period commencing:October 15January 15
2025(a)(b)
2026(a)(b)
2027103.563%(b)
2028101.781%104.500%
2029100.000%102.025%
2030 and thereafter100.000%100.000%
N/A – Not applicable.
(a)At any time prior to October 15, 2027, (i) we may redeem in whole or in part the 2032 C&W Senior Secured Notes by paying a price equal to 100% of the principal amount of the notes redeemed plus accrued and unpaid interest and an applicable premium, which is generally the redemption price on October 15, 2027 plus the present value of all remaining scheduled interest payments through October 15, 2027 using the discount rate (as specified in the indenture) as of the redemption date plus 50 basis points, (ii) we may redeem during each 12-month period commencing on the issue date up to 10% of the original aggregate principal amount of the notes at a redemption price equal to 103% of the principal amount of the notes redeemed plus accrued and unpaid interest as of the redemption date and (iii) we may redeem up to 40% of the aggregate principal amount of the 2032 C&W Senior Secured Notes with the net proceeds of one or more specified equity offerings at a redemption price equal to 107.125% of the principal amount of the notes redeemed plus accrued and unpaid interest and additional amounts (as specified in the indenture), if any, as of the redemption date.
(b)At any time prior to January 15, 2028, (i) we may redeem in whole or in part the 2033 C&W Senior Notes by paying a price equal to 100% of the principal amount of the notes redeemed plus accrued and unpaid interest and an applicable premium, which is generally the redemption price on January 15, 2028 plus the present value of all remaining scheduled interest payments through January 15, 2028 using the discount rate (as specified in the indenture) as of the redemption date plus 50 basis points, and (ii) we may redeem up to 40% of the aggregate principal amount of the 2033 C&W Senior Notes with the net proceeds of one or more specified equity offerings at a redemption price equal to 109% of the principal amount of the notes redeemed plus accrued and unpaid interest and additional amounts (as specified in the indenture), if any, as of the redemption date.
The LPR Senior Secured Notes are subject to certain redemption rights (as specified in the applicable indenture). LCPR Senior Secured Financing may redeem some or all of the 2027 LPR Senior Secured Notes and 2029 LPR Senior Secured Notes at the following redemption prices (expressed as a percentage of principal amount) plus accrued and unpaid interest and additional amounts (as specified in the applicable indenture), if any, to the applicable redemption date:
Redemption Price
2027 LPR Senior Secured Notes2029 LPR Senior Secured Notes
12-month period commencing:October 15July 15
2025100.000%101.281%
2026 and thereafter100.000%100.000%
Schedule of Line of Credit Facilities
The details of our borrowings under the C&W Credit Facilities as of December 31, 2025 are summarized in the following table:
C&W Credit Facilities
MaturityInterest rateUnused borrowing capacityOutstanding principal amountCarrying
value (a)
   in millions
2027 C&W RCFJanuary 30, 2027
Adjusted Term SOFR + 3.25% (b)
$152.0 $— $— 
2029 C&W RCF (c)
April 15, 2029
Term SOFR + 3.25% (b)
456.0 — — 
C&W Term Loan B-6 FacilityOctober 15, 2029
Adjusted Term SOFR + 3.0% (b)
— 590.0 585.0 
C&W Term Loan B-7 FacilityJanuary 31, 2032
Term SOFR + 3.25% (b)
— 1,530.0 1,514.9 
2028 CWP Term LoanJanuary 18, 20284.25%— 435.0 432.9 
C&W Regional Facilities (d) (e)
various dates ranging from 2026 to 2038
7.35% (f)
79.5 91.2 91.1 
Total$687.5 $2,646.2 $2,623.9 
(a)Amounts are net of discounts and deferred financing costs, as applicable.
(b)Subject to a SOFR floor of 0 basis points.
(c)Has a fee on unused commitments of 0.5% per year.
(d)The unused borrowing capacity on the C&W Regional Facilities comprises certain U.S. dollar, Trinidad & Tobago dollar and JMD denominated revolving credit facilities.
(e)The outstanding principal amount on the C&W Regional Facilities comprises certain JMD, U.S. dollar and East Caribbean dollar denominated credit facilities.
(f)Represents a weighted average rate.
The details of our borrowings under the LPR Credit Facilities as of December 31, 2025 are summarized in the following table:
LPR Credit FacilitiesMaturityInterest rateUnused
borrowing
capacity		Outstanding principal amountCarrying
value (a)
   in millions
LPR Revolving Credit Facility (b)March 15, 2027
Adjusted Term SOFR + 3.50% 
$116.0 $56.5 $56.5 
2028 LPR Term Loan
October 15, 2028
Adjusted Term SOFR + 3.75% (c)
— 620.0 617.9 
2030 LPR Credit Agreement (d)
September 23, 20309.75%50.0 208.0 195.8 
Total$166.0 $884.5 $870.2 
(a)Amounts are net of discounts and deferred financing costs, as applicable.
(b)Has a fee on unused commitments of 0.5% per year.
(c)Subject to a SOFR floor of 0 basis points.
(d)Has a fee on unused commitments of 1.0% per year.
LCR Credit Facilities
The details of the LCR Credit Facilities as of December 31, 2025 are summarized in the following table:
LCR Credit FacilitiesMaturityInterest rateUnused
borrowing
capacity		Outstanding principal amountCarrying
value (a)
in millions
LCR Revolving Credit Facility (b)January 15, 2028
 Adjusted Term SOFR + 4.25%
$60.0 $— $— 
2031 LCR Term Loan A (c)
January 15, 203110.875%— 50.0 49.2 
2031 LCR Term Loan B (c)
January 15, 203110.875%— 400.0 390.4 
2033 LCR Term Loan AAugust 14, 2033
Term SOFR + 3.50%
— 65.0 63.1 
Total$60.0 $515.0 $502.7 
(a)Amounts are net of deferred financing costs.
(b)Has a fee on unused commitments of 0.5% per year.
(c)Subsequent to December 31, 2025, $40 million of the 2031 LCR Term Loan B outstanding principal amount was repaid at a price of 103% and $5 million of 2031 LCR Term Loan A outstanding principal amount was repaid at par.
In the tables below, non-cash activity relates to borrowings that did not pass through our bank accounts, as financing proceeds from the issuance of debt were used to directly repay some or all of the outstanding debt instruments within the same borrowing group.
During 2025, borrowings related to significant notes we issued and credit facilities we drew down, entered into or amended, are as follows:
Borrowing group/BorrowerInstrumentIssued atAmount borrowed (a)Non–cash component
in millions
C&W
2027 C&W RCF (b)
N/A$117.1 $— 
C&W
2029 C&W RCF (b)
N/A$241.9 $— 
C&W2033 C&W Senior Notes100%$755.0 $— 
C&WC&W Term Loan B-7 Facility99.5%$1,522.4 $1,510.0 
Liberty Puerto Rico2030 LPR Term Loan96%$200.0 $— 
Liberty Puerto RicoLPR Revolving Credit FacilityN/A$226.1 $— 
Liberty Costa Rica2033 LCR Term Loan A100%$65.0 $— 
Liberty Costa RicaLCR Revolving Credit FacilityN/A$61.3 $— 
N/A – Not applicable.
(a)Amounts borrowed are net of original issue discounts, as applicable.
(b)The 2027 C&W RCF and 2029 C&W RCF compose the C&W Revolving Credit Facility. During 2025, the C&W Revolving Credit Facility was amended. Under the terms of the amended agreement, $460 million of commitments (i) had their maturity date extended to April 15, 2029, effective upon the refinancing of the C&W Term Loan B-5 Facility, and (ii) will automatically have their maturity date extended to January 31, 2031 upon the occurrence, if any, of the refinancing of the C&W Term Loan B-6 Facility.
During 2024, borrowings related to significant credit facilities we drew down, entered into or amended, are as follows:
Borrowing group/BorrowerInstrumentIssued atAmount borrowed
in millions
C&W
C&W Other Facilities (a)
100%$22.5 
C&W
C&W Revolving Credit Facility (b)
N/A$275.0 
C&W
2032 C&W Senior Secured Notes
100%$1,000.0 
Liberty Puerto Rico
LPR Revolving Credit Facility
N/A$120.0 
Liberty Costa Rica
LCR Revolving Credit Facility
N/A$31.0 
N/A – Not applicable.
(a)This borrowing is due in three annual installments beginning in May 2025.
(b)In September 2024, an extension agreement was executed on the 2029 C&W RCF, which extended the maturity date of a portion of the 2029 C&W RCF to: (i) July 31, 2027, upon the refinancing of the 2027 C&W Senior Secured Notes and 2027 C&W Senior Notes in full, (ii) then April 15, 2029, upon the refinancing of the C&W Term Loan B-5 Facility, and (iii) then September 24, 2029, upon the refinancing of the C&W Term Loan B-6 Facility.
During 2023, borrowings related to significant credit facilities we drew down, entered into or amended, are as follows:
Borrowing group/BorrowerInstrumentIssued atAmount borrowed
in millions
C&W
C&W Other Facilities100%$69.0 
C&W
C&W Revolving Credit FacilityN/A$40.0 
C&W
C&W Regional Facilities
N/A$20.0 
C&W
CWP Credit Facilities
N/A$10.0 
Liberty Puerto Rico
LPR Revolving Credit Facility
N/A$65.0 
Liberty Costa Rica
2031 LCR Term Loan A
100%$50.0 
Liberty Costa Rica
2031 LCR Term Loan B
100%$400.0 
Liberty Costa Rica
LCR Revolving Credit Facility (a)
N/A$— 
(a)For details on the LCR Revolving Credit Facility, see LCR Credit Facilities above.
During 2025, we made certain repurchases or repayments on the following debt instruments:
Borrowing group/BorrowerInstrumentRedemption PriceAmount paidNon-cash component
in millions
C&W
2027 C&W RCF
100%$109.7 $— 
C&W
2029 C&W RCF
100%$279.3 $— 
C&W2027 C&W Senior Notes100.859%$735.0 $— 
C&WC&W Term Loan B-5 Facility100%$1,510.0 $1,510.0 
C&WC&W Regional Facilities100%$30.5 $— 
Liberty Puerto RicoLPR Revolving Credit Facility100%$219.6 $— 
Liberty Costa RicaLCR Revolving Credit Facility100%$61.3 $— 
During 2024, we made certain repurchases or repayments on the following debt instruments:
Borrowing group/BorrowerInstrumentRedemption priceAmount paid
in millions
C&W2027 C&W Senior Secured Notes100%$495.0 
C&W
2027 C&W Senior Notes
100.859%$485.0 
C&WC&W Revolving Credit Facility100%$245.0 
C&WC&W Other Facilities100%$23.0 
C&WC&W Regional Facilities100%$20.0 
C&WCWP Revolving Credit Facility100%$10.0 
Liberty Puerto RicoLPR Revolving Credit Facility100%$70.0 
Liberty Costa RicaLCR Revolving Credit Facility100%$31.0 
Liberty Latin AmericaConvertible Notesa(a)$219.2 
(a)During 2024, we repurchased and cancelled $220 million original principal amount of the Convertible Notes at a weighted average redemption price of 99.5%. In addition, we unwound $102 million of the Convertible Notes Capped Calls for immaterial value on settlement during the first quarter of 2024 and the remaining amount expired with no value on the July 15, 2024 maturity date of the Convertible Notes.
During 2023, we made certain repurchases or repayments on the following debt instruments:
Borrowing group/BorrowerAmount paid
InstrumentRedemption priceBorrowing currencyUSD equivalent (a)
USD in millions, CRC in billions
C&WC&W Revolving Credit Facility100%$40.0 $40.0 
Liberty Puerto RicoLPR Revolving Credit Facility100%$65.0 $65.0 
Liberty Costa Rica
LCR Term Loan B-1 Facility
100%$276.7 $276.7 
Liberty Costa Rica
LCR Term Loan B-2 Facility
100%CRC79.6 $138.6 
Liberty Latin AmericaConvertible Notes(b)$173.0 $173.0 
(a)Translated at the transaction date, as applicable.
(b)During 2023, we repurchased and cancelled $182 million original principal amount of the Convertible Notes at a weighted average redemption price of 94.9%. In connection with these repurchases, we unwound $182 million of the related Convertible Notes Capped Calls.
Schedule of Maturities of Debt
Maturities of our debt as of December 31, 2025 are presented below. Amounts presented below represent U.S. dollar equivalents based on December 31, 2025 exchange rates.
C&WLiberty Puerto RicoLiberty
Costa Rica		Liberty Latin America (a)Consolidated
in millions
Years ending December 31:
2026$328.0 $77.0 $— $1.3 $406.3 
202712.1 1,162.8 — 0.7 1,175.6 
2028490.7 620.6 — — 1,111.3 
2029595.8 820.7 — — 1,416.5 
203013.5 213.5 — — 227.0 
Thereafter3,465.6 32.5 515.0 — 4,013.1 
Total debt maturities4,905.7 2,927.1 515.0 2.0 8,349.8 
Premiums, discounts and deferred financing costs, net(43.2)(23.8)(12.3)— (79.3)
Total debt$4,862.5 $2,903.3 $502.7 $2.0 $8,270.5 
Current portion$328.0 $77.0 $— $1.3 $406.3 
Long-term portion$4,534.5 $2,826.3 $502.7 $0.7 $7,864.2 
(a)Represents the aggregate amount held by subsidiaries of Liberty Latin America that are outside our borrowing groups.
v3.25.4
Defined Benefit Plans (Tables)
 12 Months Ended
Dec. 31, 2025
Retirement Benefits [Abstract]  
Schedule of Defined Benefit Plan Amounts Included in Consolidated Balance Sheets
Defined benefit plan amounts included in our consolidated balance sheets are as follows:
December 31,
20252024
in millions
Other assets, net $27.5 $33.6 
Other long-term liabilities, net (a)(4.8)(5.6)
Net pension asset$22.7 $28.0 
(a)Amounts include an indemnification asset from The Bahamas government of $113 million and $115 million, respectively, and investments in U.K. Gilts of $24 million and $23 million, respectively.
Schedule of Defined Benefit Plans Disclosures
The table below provides summary information for our defined benefit plans:
December 31,
20252024
in millions
Projected benefit obligations (a) (b)$(1,407.8)$(1,361.4)
Fair value of plan assets (c)1,430.5 1,389.4 
Net pension asset$22.7 $28.0 
(a)Amounts include an indemnification asset from The Bahamas government of $113 million and $115 million, respectively, and investments in U.K. Gilts of $24 million and $23 million, respectively.
(b)The weighted average discount rate used in determining our benefit obligations was 6.1% for each of the years ended December 31, 2025 and 2024. A 1.0% increase or decrease in the weighted average discount rate would have a ($34 million) or $40 million impact, respectively, on the projected benefit obligations, net of the annuity insurance policies (as described further below).
(c)Our plan assets primarily comprise investments in insurance contracts, debt securities and equity securities. The fair value of plan assets at December 31, 2025 includes $239 million, $132 million and $1,060 million of assets that are valued based on Level 1, Level 2 and Level 3 inputs, respectively, of the fair value hierarchy (as further described in note 4). The fair value of plan assets at December 31, 2024 includes $233 million, $135 million and $1,021 million of assets that are valued based on Level 1, Level 2 and Level 3 inputs, respectively.
v3.25.4
Equity (Tables)
 12 Months Ended
Dec. 31, 2025
Equity [Abstract]  
Schedule of Changes in Our Share Capital
A summary of the changes in our share capital during 2025, 2024 and 2023 is set forth in the table below:
Class AClass BClass C
in millions
Balance at January 1, 2023
42.7 2.1 171.3 
Repurchase of Liberty Latin America common shares(2.6)— (11.7)
Issued in connection with share-based compensation plans and other0.7 0.1 2.1 
Balance at December 31, 2023
40.8 2.2 161.7 
Balance at January 1, 2024
40.8 2.2 161.7 
Repurchase of Liberty Latin America common shares(4.0)— (8.2)
Issued in connection with share-based compensation plans and other1.2 0.2 2.8 
Balance at December 31, 2024
38.0 2.4 156.3 
Balance at January 1, 2025
38.0 2.4 156.3 
Repurchase of Liberty Latin America common shares(0.2)— (0.4)
Issued in connection with share-based compensation plans and other1.1 — 2.8 
Balance at December 31, 2025
38.9 2.4 158.7 
Schedule of Repurchase Agreements
From time to time, and subject to certain limitations and conditions, our Directors approve Share Repurchase Programs, which authorize us to repurchase up to a specified aggregate dollar value of our Class A common shares and/or Class C common shares through specified dates, as detailed below:
Authorization DateAuthorized Repurchase AmountExpiration Date
in millions
February 22, 2022$200.0 December 2024
May 8, 2023$200.0 December 2025
May 7, 2024$200.0 December 2026
v3.25.4
Share-based Compensation and Other Employee Incentive Plan-related Expense (Tables)
 12 Months Ended
Dec. 31, 2025
Share-Based Payment Arrangement [Abstract]  
Schedule of Assumptions Used The following table summarizes certain information related to share-based incentive awards granted during the periods presented:
Year ended December 31,
202520242023
Assumptions used to estimate fair value of SARs and PSARs:
Risk-free interest rate
4.1 - 4.3%
4.2 - 4.3%
3.5 - 4.2%
Expected life
6.0 - 10.0 years
6.0 - 10.0 years
6.0 - 10.0 years
Expected volatility
45.0 - 50.5%
43.8 - 48.3%
42.1 - 46.7%
Expected dividend yieldnonenonenone
Weighted average grant-date fair value per share of awards granted:
SARs$3.92 $3.60 $4.31 
RSUs$6.53 $6.98 $7.96 
PSUs$— $5.90 $8.00 
Cash used to settle equity awards (in millions)
LTVP
$13 $8 $6 
Schedule of SARs
The following tables summarize share-based incentive award activity during 2025 with respect to Liberty Latin America awards held by our employees and our Directors.
Number of
shares		Weighted
average
base price		Weighted
average
remaining
contractual
term		Aggregate intrinsic value
SARs – Class A shares
in millions in yearsin millions
Outstanding at January 1, 2025
11.4 $10.97 
Granted
2.0 $6.68 
Forfeited
(0.9)$11.24 
Exercised— $6.88 
Outstanding at December 31, 2025
12.5 $10.27 5.9$3.9 
Exercisable at December 31, 2025
8.9 $11.75 4.8$1.0 
Number of
shares		Weighted
average
base price		Weighted
average
remaining
contractual
term		Aggregate intrinsic value
SARs – Class C shares
in millions in yearsin millions
Outstanding at January 1, 2025
22.9 $10.97 
Granted
4.1 $6.65 
Forfeited
(1.7)$11.22 
 Exercised(0.3)$6.42 
Outstanding at December 31, 2025
25.0 $10.29 5.9$8.0 
Exercisable at December 31, 2025
17.7 $11.80 4.8$1.8 
Schedule of RSUs
Number of
shares		Weighted
average
grant-date fair value per share		Weighted
average
remaining
contractual
term
RSUs – Class A shares
in millions in years
Outstanding at January 1, 2025
2.2 $7.64 
Granted1.3 $6.54 
Forfeited
(0.2)$7.04 
Released from restrictions(1.3)$7.76 
Outstanding at December 31, 2025
2.0 $6.92 2.2
Number of
shares		Weighted
average
grant-date fair value per share		Weighted
average
remaining
contractual
term
RSUs – Class C shares
in millions in years
Outstanding at January 1, 2025
4.5 $7.65 
Granted2.8 $6.53 
Forfeited
(0.3)$7.04 
Released from restrictions(2.9)$7.65 
Outstanding at December 31, 2025
4.1 $6.93 2.2
v3.25.4
Income Taxes (Tables)
 12 Months Ended
Dec. 31, 2025
Income Tax Disclosure [Abstract]  
Schedule of Earnings (Loss) From Continuing Operations Before Income Taxes
The components of our loss before income taxes are as follows:
 Year ended December 31,
 202520242023
 in millions
Domestic (a)$(105.7)$(68.7)$(90.9)
Foreign (b) (c)(547.1)(591.2)28.5 
Total$(652.8)$(659.9)$(62.4)
(a)Liberty Latin America is considered a stand-alone Bermuda entity.
(b)Amounts for the year ended December 31, 2025 include a spectrum impairment charge of $494 million and for the year ended December 31, 2024 include a goodwill impairment charge of $516 million, both of which occurred at our Liberty Puerto Rico reporting unit.
(c)For the year ended December 31, 2025, significant jurisdictions that comprise the “foreign” component of our loss before income taxes are detailed in the effective rate reconciliation section below. For the year ended December 31, 2024, significant jurisdictions that comprise the “foreign” component of our loss before income taxes include The Bahamas, Barbados, Costa Rica, Jamaica, Panama, Puerto Rico, Spain, the U.K., the United States, and USVI. For the year ended December 31, 2023, significant jurisdictions that comprise the “foreign” component of our loss before income taxes include The Bahamas, Barbados, the British Virgin Islands, Colombia, Costa Rica, Jamaica, Panama, Puerto Rico, Spain, St. Kitts, St. Lucia, Trinidad and Tobago, the U.K., the United States and USVI.
Schedule of Income Tax Benefit (Expense)
Income tax benefit (expense) consists of:
CurrentDeferredTotal
 in millions
Year ended December 31, 2025:
Domestic$— $— $— 
Foreign(140.3)238.8 98.5 
Total$(140.3)$238.8 $98.5 
Year ended December 31, 2024:
Domestic$— $— $— 
Foreign(129.1)129.3 0.2 
Total$(129.1)$129.3 $0.2 
Year ended December 31, 2023:
Domestic$— $— $— 
Foreign(111.8)87.4 (24.4)
Total$(111.8)$87.4 $(24.4)
Schedule of Effective Income Tax Rate Reconciliation
Income tax benefit (expense) attributable to our loss before income taxes for the year ended December 31, 2025 differs from the amounts computed by using the applicable tax rate as a result of the following (in millions, except percentages):
AmountPercent
Bermuda federal statutory income tax rate (a)$97.9 (15.0)%
Domestic federal
Changes in valuation allowances(15.9)2.4 %
Foreign tax effects
Barbados
Statutory income tax rate differential8.2 (1.3)%
Other0.4 (0.1)%
Colombia
Other(6.2)0.9 %
Costa Rica
Net nondeductible acquisition debt interest and FX(8.5)1.3 %
Statutory income tax rate differential(10.8)1.7 %
Other(1.3)0.2 %
Curacao
Changes in valuation allowances26.8 (4.1)%
Other(3.3)0.5 %
Jamaica
Nontaxable capital gains11.0 (1.7)%
Cross-border tax laws(8.8)1.3 %
Changes in valuation allowances4.9 (0.8)%
Statutory income tax rate differential(9.8)1.5 %
Other(2.7)0.4 %
Panama
Changes in valuation allowances12.0 (1.8)%
AmountPercent
Statutory income tax rate differential(6.2)0.9 %
Other(4.6)0.7 %
Puerto Rico
Tax credits(19.7)3.0 %
Nontaxable interest income6.8 (1.0)%
Cross-border tax laws(10.0)1.5 %
Changes in valuation allowances49.9 (7.6)%
Statutory income tax rate differential143.0 (21.9)%
Other – Change in deferred rate already enacted(50.4)7.7 %
Other(21.4)3.3 %
Spain
Nondeductible investment losses(8.5)1.3 %
Statutory income tax rate differential5.1 (0.8)%
Other(4.3)0.7 %
United Kingdom
Changes in valuation allowances(67.9)10.4 %
Statutory income tax rate differential25.0 (3.8)%
Other15.0 (2.3)%
United States
Tax credits8.9 (1.4)%
Nondeductible compensation expenses(5.0)0.8 %
Cross-border tax laws(36.5)5.6 %
Changes in valuation allowances(9.8)1.5 %
Other4.1 (0.6)%
Venezuela
Changes in valuation allowances(7.6)1.2 %
Other5.3 (0.8)%
Other foreign jurisdictions(13.6)2.1 %
Worldwide changes in unrecognized tax benefits7.0 (1.1)%
Effective income tax rate$98.5 (15.1)%
Income tax benefit (expense) attributable to our loss before income taxes for the years ended December 31, 2024 and 2023, differs from the amounts computed by using the applicable tax rate, as a result of the following:
Year ended December 31,
 20242023
in millions
Computed expected tax benefit (a)$— $— 
Permanent differences (b)(18.4)(49.3)
Basis and other differences in the treatment of items associated with investments in Liberty Latin America entities0.6 1.5 
Increases in valuation allowances(171.8)(161.5)
Expiration of deferred tax assets with full valuation allowance(14.7)(12.3)
International rate differences (a) (c)232.8 88.2 
Changes in uncertain tax positions3.7 (0.4)
Enacted tax law and rate changes (d) (e) (f)27.9 128.4 
Effect of non-deductible goodwill impairments(47.9)— 
Effect of tax credits14.6 18.3 
Withholding and capital gains taxes(25.2)(40.0)
Other, net(1.4)2.7 
Total income tax benefit (expense)$0.2 $(24.4)
(a)Liberty Latin America was formed as a corporation in Bermuda where the company has a “statutory” or “expected” tax rate of 15%, effective as of January 1, 2025. For years ended December 31, 2023 and 2024, the Bermuda statutory tax rate was 0%. The majority of our subsidiaries operate in jurisdictions where income tax is imposed at local applicable statutory rates, resulting in “international rate differences,” as shown in the table above. These line items reflect the computed tax benefit (expense) of pre-tax book earnings (loss) in the respective taxable jurisdiction.
(b)Permanent differences primarily relate to various non-taxable income or non-deductible expenses, such as CARICOM treaty income, limitations on deductible management fees, or executive compensation, among others.
(c)The corporate tax rates applicable to our primary material jurisdictions are as follows: The Bahamas, 0%; Barbados, 9%; Costa Rica, 30%; Jamaica, 33.33%; Panama, 25%; Puerto Rico, 37.5%; Spain, 25%; the U.K., 25%; the United States, 21%; and USVI, 23.1%.
(d)On July 13, 2023, St. Vincent and the Grenadines Inland Revenue Department enacted a decrease in the corporate income tax from 30% to 28% with effect from January 1, 2023.
(e)On December 22, 2023, the Bermuda Parliament enacted legislation to establish a 15% corporate income tax regime that will become effective for tax years beginning on or after January 1, 2025. While deferred tax assets associated with opening tax losses carryforward for periods beginning January 1, 2020 were established as of enactment, there is a net nil tax impact of this on the total tax result due to a full valuation allowance in Bermuda.
(f)On May 24, 2024, the Barbados Parliament enacted legislation to increase the corporate income tax rate to 9% with effect from January 1, 2024.
Schedule of Deferred Tax Assets and Deferred Tax Liabilities The components of our net deferred tax liability are as follows:
 December 31,
 20252024
 in millions
Deferred tax assets$204.0 $133.0 
Deferred tax liabilities(411.6)(580.3)
Net deferred tax liability$(207.6)$(447.3)
The tax effects of temporary differences that give rise to significant portions of the deferred tax assets and deferred tax liabilities are presented below:
 December 31,
 20252024
 in millions
Deferred tax assets:
Net operating losses, tax credits and other carryforwards$2,571.1 $2,516.0 
Deferred revenue4.6 9.4 
Unrealized gains and losses2.9 16.0 
Accrued expenses79.0 88.0 
Other future deductible amounts— 0.1 
Deferred tax assets2,657.6 2,629.5 
Valuation allowance(2,204.8)(2,115.8)
Deferred tax assets, net of valuation allowance452.8 513.7 
Deferred tax liabilities:
Investments(158.6)(122.6)
Intangible assets, net(339.7)(630.3)
Property and equipment, net(161.0)(208.1)
Un-remitted foreign earnings(0.6)— 
Other future taxable amounts(0.5)— 
Deferred tax liabilities(660.4)(961.0)
Net deferred tax liability$(207.6)$(447.3)
Schedule of Valuation Allowances
The changes in our valuation allowances are summarized below: 
Year ended December 31,
202520242023
 in millions
Balance at January 1$2,115.8 $1,942.5 $1,780.4 
Net tax expense related to operations 88.0 171.8 161.5 
Translation adjustments 0.2 (0.6)(1.1)
Business acquisitions and other0.8 2.1 1.7 
Balance at December 31$2,204.8 $2,115.8 $1,942.5 
Schedule of Tax Loss Carry Forwards and Related Tax Assets The significant components of our tax loss carryforwards at December 31, 2025 are as follows:
CountryTax loss
carryforward		Related
tax asset		Expiration
date
 in millions 
U.K.:
Amount attributable to capital losses$4,958.1 $1,239.5 Indefinite
Amount attributable to net operating losses1,335.5 333.9 Indefinite
Puerto Rico700.8 154.7 2026 - Indefinite
Bermuda516.1 77.4 Indefinite
Barbados501.4 45.1 2026 - 2031
Jamaica352.2 117.3 Indefinite
Curacao110.0 24.2 2026 - 2035
U.S.53.7 12.5 2035 - Indefinite
U.S. Virgin Islands43.5 10.0 Indefinite
Saint Martin23.2 4.6 Indefinite
Venezuela22.4 7.6 2026-2028
Panama8.8 2.2 2026 - 2028
Other26.2 8.2 Various
Total$8,651.9 $2,037.2 
Schedule of Unrecognized Tax Benefits
The changes in our unrecognized tax benefits are summarized below: 
Year ended December 31,
202520242023
 in millions
Balance at January 1$18.3 $25.5 $37.6 
Additions for tax positions of prior years7.4 2.5 0.7 
Additions based on tax positions related to the current year— — 6.0 
Lapse of statute of limitations(1.5)(2.7)(1.4)
Decrease for settlement with tax authorities — (2.9)— 
Reductions for tax positions of prior years(7.2)(4.1)(17.4)
Balance at December 31$17.0 $18.3 $25.5 
Schedule of Cash Taxes Paid
Cash taxes paid (refunded) for the year ended December 31, 2025 are as set forth below (in millions):
Bermuda federal*
Bermuda state and local*
Foreign:
Costa Rica$43.6 
Jamaica12.9 
Panama14.3 
United Kingdom(9.8)
United States46.9 
Other51.5 
Total$159.4 
* The amount of income taxes paid during the year does not meet the 5% disaggregation threshold.
v3.25.4
Earnings or Loss per Share (Tables)
 12 Months Ended
Dec. 31, 2025
Earnings Per Share [Abstract]  
Schedule of Earnings Per Share, Basic and Diluted
The details of the calculations of our basic and diluted EPS are set forth below:
Year ended December 31,
202520242023
in millions, except per share amounts
Numerator:
Net loss attributable to Liberty Latin America shareholders - basic and diluted$(611.2)$(689.4)$(73.6)
Denominator:
Weighted average shares - basic and diluted (a)199.5 198.4 210.0 
Basic and diluted net loss per share attributable to Liberty Latin America shareholders$(3.06)$(3.47)$(0.35)
(a)During 2025, 2024 and 2023, we reported losses attributable to Liberty Latin America shareholders. As a result, the potentially dilutive effect at each period of the following items was not included in the computation of EPS for such periods because their inclusion would have been anti-dilutive to the computation or, in the case of certain PSUs, and for 2023 PSARs, because such awards had not yet met the applicable performance criteria:
 December 31,
 202520242023
in millions
Aggregate number of shares issuable pursuant to:
Outstanding options, SARs and RSUs
44.5 41.9 37.7 
Outstanding PSUs and PSARs
8.6 8.6 8.7 
LTVP and ESPP
6.5 6.4 3.6 
Aggregate number of shares potentially issuable under our Convertible Notes (if-converted method) (i)
— — 10.7 
(i)With regards to the aggregate number of shares potentially issuable under our Convertible Notes, during 2023, the Convertible Notes Capped Calls provided an economic hedge to reduce or offset potential dilution to our Class C common shares upon any conversion of the Convertible Notes and/or offset any cash payments we would have been required to make in excess of the principal amount of such converted notes, as the case may have been, with such reduction and/or offset subject to a cap. During 2024, the Convertible Notes Capped Calls expired at maturity or were unwound in connection with redemption activity on the Convertible Notes, as further described in note 9.
v3.25.4
Accumulated Other Comprehensive Earnings or Loss (Tables)
 12 Months Ended
Dec. 31, 2025
Comprehensive Income (Loss), Net of Tax, Including Portion Attributable to Noncontrolling Interest [Abstract]  
Schedule of Changes in Accumulated Other Comprehensive Loss The changes in the components of accumulated other comprehensive earnings (loss), net of taxes, are summarized as follows:
Liberty Latin America shareholders
 Foreign
currency
translation
adjustments		Pension-
related adjustments and other		Accumulated
other
comprehensive
loss 		Non-controlling
interests		Total
accumulated
other
comprehensive loss
 in millions
Balance at January 1, 2023$(83.7)$(65.5)$(149.2)$(11.0)$(160.2)
Other comprehensive earnings (loss)24.9 (73.7)(48.8)1.1 (47.7)
Balance at December 31, 2023(58.8)(139.2)(198.0)(9.9)(207.9)
Other comprehensive earnings25.6 18.2 43.8 0.3 44.1 
Balance at December 31, 2024(33.2)(121.0)(154.2)(9.6)(163.8)
Other comprehensive earnings (loss)33.2 (3.6)29.6 1.6 31.2 
Balance at December 31, 2025$— $(124.6)$(124.6)$(8.0)$(132.6)
Schedule of Tax Effects Related to Each Component of Other Comprehensive Earnings (Loss), Net
The components of other comprehensive earnings (loss), net of taxes, are reflected in our consolidated statements of comprehensive earnings (loss). The following table summarizes the tax effects related to each component of other comprehensive earnings (loss), net, of amounts reclassified to our consolidated statements of operations:
Pre-tax
amount		Tax benefitNet-of-tax
amount
 in millions
Year ended December 31, 2025:
Foreign currency translation adjustments$34.7 $— $34.7 
Pension-related adjustments and other(3.8)0.3 (3.5)
Other comprehensive earnings30.9 0.3 31.2 
Other comprehensive earnings attributable to noncontrolling interests (a)(1.6)— (1.6)
Other comprehensive earnings attributable to Liberty Latin America shareholders$29.3 $0.3 $29.6 
Year ended December 31, 2024:
Foreign currency translation adjustments$25.9 $— $25.9 
Pension-related adjustments and other18.2 — 18.2 
Other comprehensive earnings44.1 — 44.1 
Other comprehensive earnings attributable to noncontrolling interests (a)(0.3)— (0.3)
Other comprehensive earnings attributable to Liberty Latin America shareholders$43.8 $— $43.8 
Year ended December 31, 2023:
Foreign currency translation adjustments$25.9 $— $25.9 
Pension-related adjustments and other(73.6)— (73.6)
Other comprehensive loss(47.7)— (47.7)
Other comprehensive earnings attributable to noncontrolling interests (a)(1.1)— (1.1)
Other comprehensive loss attributable to Liberty Latin America shareholders$(48.8)$— $(48.8)
(a)Amounts represent the noncontrolling interest owners’ share of our foreign currency translation adjustments, pension-related adjustments, and other adjustments.
v3.25.4
Segment Reporting (Tables)
 12 Months Ended
Dec. 31, 2025
Segment Reporting, Measurement Disclosures [Abstract]  
Schedule of Revenue and Adjusted OIBDA by Segment
The amounts presented below represent 100% of the revenue and Adjusted OIBDA of each of our reportable segments. As we have the ability to control certain subsidiaries that are not wholly-owned, we include 100% of the revenue and expenses of these entities in our consolidated statements of operations despite the fact that third parties own significant interests in these entities. The noncontrolling owners’ interests in the operating results of (i) certain subsidiaries of (a) C&W and (b) Liberty Puerto Rico, and (ii) Liberty Costa Rica are reflected in net earnings or loss attributable to noncontrolling interests in our consolidated statements of operations.
Revenue
Year ended December 31,
 202520242023
 in millions
Liberty Caribbean$1,455.0 $1,462.8 $1,437.0 
C&W Panama783.5 763.2 742.6 
Liberty Networks471.0 447.5 453.3 
Liberty Puerto Rico1,199.2 1,250.4 1,417.7 
Liberty Costa Rica632.2 613.1 547.9 
Total operating segment revenue4,540.9 4,537.0 4,598.5 
Corporate14.9 19.6 23.5 
Intersegment eliminations(113.6)(109.8)(110.9)
Consolidated revenue$4,442.2 $4,446.8 $4,511.1 
Schedule of Reconciliation of Assets from Segment to Consolidated
Adjusted OIBDA
Year ended December 31,
 202520242023
in millions
Liberty Caribbean$672.9 $633.3 $596.9 
C&W Panama298.9 269.7 227.7 
Liberty Networks258.4 242.7 261.5 
Liberty Puerto Rico353.4 279.8 485.5 
Liberty Costa Rica235.5 229.5 203.1 
Total operating segment Adjusted OIBDA$1,819.1 $1,655.0 $1,774.7 
Schedule of Reconciliation of Total Adjusted OIBDA to Earnings (Loss) Before Income Taxes
The following table provides a reconciliation of total Adjusted OIBDA to operating income (loss) and to earnings (loss) before income taxes:
 Year ended December 31,
 202520242023
 in millions
Total reportable segment Adjusted OIBDA
$1,819.1 $1,655.0 $1,774.7 
Corporate (a)(112.8)(89.8)(73.1)
Share-based compensation and other Employee Incentive Plan-related expense (b)
(75.0)(84.0)(88.7)
Depreciation and amortization(904.9)(968.3)(1,008.3)
Impairment, restructuring and other operating items, net(618.2)(589.7)(86.9)
Operating income (loss)108.2 (76.8)517.7 
Interest expense(656.4)(627.7)(601.7)
Realized and unrealized gains (losses) on derivative instruments, net(20.0)82.1 (34.2)
Foreign currency transaction gains (losses), net(42.7)(18.3)70.3 
Losses on debt extinguishments, net(14.4)(5.5)(3.9)
Other expense, net(27.5)(13.7)(10.6)
Loss before income taxes$(652.8)$(659.9)$(62.4)
(a)Represents net of revenue and total significant other operating costs and expenses associated with Corporate, as disclosed below, which is not considered an operating segment of Liberty Latin America.
(b)Includes expense associated with our LTVP, the vesting of which can be settled in either common shares or cash at the discretion of Liberty Latin America’s Compensation Committee.
Schedule of Cost of Goods and Services Sold
Our programming and other direct costs of services by major category, which are further discussed below, are as follows:
 Year ended December 31,
 202520242023
 in millions
Programming and copyright$224.6 $233.6 $237.2 
Interconnect262.6 278.3 302.5 
Equipment330.3 315.9 320.6 
Project-related and other158.4 161.6 160.1 
Total programming and other direct costs of services$975.9 $989.4 $1,020.4 
Schedule of Other Operating Cost and Expense
Our other operating costs and expenses by major category, which are further discussed below, are as follows:
 Year ended December 31,
 202520242023
 in millions
Personnel and contract labor$558.6 $579.2 $557.6 
Network-related215.9 237.2 259.0 
Service-related252.7 267.2 227.6 
Commercial179.6 189.6 181.1 
Facility, provision, franchise and other553.2 619.0 563.8 
Share-based compensation and other Employee Incentive Plan-related expense
75.0 84.0 88.7 
Total other operating costs and expenses (a)$1,835.0 $1,976.2 $1,877.8 
(a)Amounts represent total other operating costs and expenses as set forth in our consolidated statements of operations. These amounts differ from significant operating costs and expenses reviewed by our CODM, which represent total other operating costs and expenses excluding share-based compensation and other Employee Incentive Plan-related expense.
Schedule of Capital Expenditures of Reportable Segments
The property and equipment additions of our reportable segments and corporate operations (including capital additions financed under vendor financing or finance lease arrangements) are presented below and reconciled to the capital expenditures, net, amounts included in our consolidated statements of cash flows. For additional information concerning capital additions financed under vendor financing, see note 7.
 Year ended December 31,
 202520242023
 in millions
Liberty Caribbean$207.5 $226.9 $235.1 
C&W Panama104.1 104.8 117.0 
Liberty Networks75.5 49.3 47.6 
Liberty Puerto Rico143.3 220.9 219.0 
Liberty Costa Rica86.1 81.4 75.3 
Corporate23.6 42.0 36.9 
Total property and equipment additions640.1 725.3 730.9 
Assets acquired under capital-related vendor financing arrangements(123.9)(154.9)(143.8)
Assets acquired under capital leases(4.9)— — 
Changes in current liabilities related to capital expenditures and other(11.3)(30.0)(2.1)
Total capital expenditures, net$500.0 $540.4 $585.0 
Schedule of Revenue by Geographic Segments
The revenue from third-party customers for each of our geographic markets is set forth in the table below.
 Year ended December 31,
 202520242023
 in millions
Puerto Rico$1,129.2 $1,187.8 $1,354.5 
Panama780.6 760.1 739.7 
Costa Rica631.2 612.2 547.1 
Jamaica409.0 415.2 405.7 
Networks & LatAm (a)377.6 357.0 364.6 
The Bahamas190.8 205.3 193.4 
Trinidad and Tobago149.3 154.9 156.5 
Barbados171.4 163.8 157.6 
Other (b)603.1 590.5 592.0 
Total $4,442.2 $4,446.8 $4,511.1 
(a)The amounts represent enterprise revenue and wholesale revenue from various jurisdictions across Latin America and the Caribbean related to the sale and lease of telecommunications capacity on Liberty Networks’ subsea and terrestrial fiber optic cable networks.
(b)The amounts primarily relate to a number of countries in which we have less significant operations, all of which are located in the Caribbean, and to a lesser extent, in Latin America.
The long-lived assets of our geographic markets are set forth below:
 December 31,
 2025
2024
 in millions
Puerto Rico$992.7 $1,078.1 
Networks & LatAm594.8 586.3 
Panama420.6 427.7 
Jamaica313.7 373.8 
The Bahamas238.2 270.8 
Costa Rica309.6 301.7 
Trinidad and Tobago175.4 196.7 
Barbados134.9 138.6 
Other (a)667.9 688.7 
Total
$3,847.8 $4,062.4 
(a)The amounts primarily include long-lived assets in a number of countries in which we have less significant operations, all of which are located in the Caribbean, and to a lesser extent, in Latin America.
Year ended December 31, 2025
Reportable Segments
 Liberty CaribbeanC&W PanamaLiberty NetworksLiberty Puerto RicoLiberty Costa RicaCorporateIntersegment EliminationsTotal
 in millions
Programming and copyright$64.5 $20.5 $— $101.8 $37.8 $— $— $224.6 
Interconnect61.4 63.5 54.6 78.9 23.0 — (18.8)262.6 
Equipment38.2 59.5 0.6 157.3 74.7 — — 330.3 
Other direct costs55.5 98.2 17.4 2.3 1.2 — (16.2)158.4 
Total significant programming and other direct costs of services219.6 241.7 72.6 340.3 136.7 — (35.0)975.9 
Personnel and contract labor191.6 71.8 51.1 145.4 33.5 63.4 1.8 558.6 
Network-related123.1 47.8 46.2 33.8 40.6 — (75.6)215.9 
Service-related69.7 21.1 13.3 87.5 25.5 39.9 (4.3)252.7 
Commercial32.7 34.3 2.2 48.1 62.3 — — 179.6 
Facility, provision, franchise and other145.4 67.9 27.2 190.7 98.1 24.4 (0.5)553.2 
Total significant other operating costs and expenses562.5 242.9 140.0 505.5 260.0 127.7 (78.6)1,760.0 
Total significant expenses$782.1 $484.6 $212.6 $845.8 $396.7 $127.7 $(113.6)$2,735.9 
Year ended December 31, 2024
Reportable Segments
 Liberty CaribbeanC&W PanamaLiberty NetworksLiberty Puerto RicoLiberty Costa RicaCorporateIntersegment EliminationsTotal
 in millions
Programming and copyright$64.2 $22.0 $— $109.8 $37.6 $— $— $233.6 
Interconnect65.4 69.4 49.0 83.7 28.4 — (17.6)278.3 
Equipment50.0 50.3 0.3 151.4 63.9 — — 315.9 
Other direct costs42.9 107.5 15.7 4.7 6.9 — (16.1)161.6 
Total significant programming and other direct costs of services222.5 249.2 65.0 349.6 136.8 — (33.7)989.4 
Personnel and contract labor201.3 78.8 46.4 164.1 32.0 56.6 — 579.2 
Network-related133.4 52.1 47.9 36.3 39.9 — (72.4)237.2 
Service-related70.6 19.3 9.8 119.7 25.3 25.0 (2.5)267.2 
Commercial42.1 30.1 1.4 54.6 61.4 — — 189.6 
Facility, provision, franchise and other159.6 64.0 34.3 246.3 88.2 27.8 (1.2)619.0 
Total significant other operating costs and expenses607.0 244.3 139.8 621.0 246.8 109.4 (76.1)1,892.2 
Total significant expenses$829.5 $493.5 $204.8 $970.6 $383.6 $109.4 $(109.8)$2,881.6 
Year ended December 31, 2023
Reportable Segments
 Liberty CaribbeanC&W PanamaLiberty NetworksLiberty Puerto RicoLiberty Costa RicaCorporateIntersegment EliminationsTotal
 in millions
Programming and copyright$71.5 $21.4 $— $112.4 $33.1 $— $(1.2)$237.2 
Interconnect75.2 72.2 49.3 93.3 33.1 — (20.6)302.5 
Equipment49.0 41.6 0.6 179.6 49.8 — — 320.6 
Other direct costs34.0 117.8 18.8 2.1 4.2 — (16.8)160.1 
Total significant programming and other direct costs of services229.7 253.0 68.7 387.4 120.2 — (38.6)1,020.4 
Personnel and contract labor202.5 81.7 45.0 154.9 32.2 41.4 (0.1)557.6 
Network-related135.9 53.9 45.7 52.5 39.1 — (68.1)259.0 
Service-related76.5 17.2 6.1 79.5 25.1 23.2 — 227.6 
Commercial46.1 25.5 1.7 51.2 56.5 — 0.1 181.1 
Facility, provision, franchise and other149.4 83.6 24.6 206.7 71.7 32.4 (4.6)563.8 
Total significant other operating costs and expenses610.4 261.9 123.1 544.8 224.6 97.0 (72.7)1,789.1 
Total significant expenses$840.1 $514.9 $191.8 $932.2 $344.8 $97.0 $(111.3)$2,809.5 
Schedule of Revenue by Major Category
Year ended December 31, 2025
Reportable Segments
 Liberty CaribbeanC&W PanamaLiberty Networks (a)Liberty Puerto RicoLiberty Costa RicaCorporateIntersegment EliminationsTotal
 in millions
Residential revenue:
Residential fixed revenue:
Subscription revenue$484.4 $117.3 $— $469.7 $128.3 $— $— $1,199.7 
Non-subscription revenue 20.2 5.1 — 24.0 40.2 — — 89.5 
Total residential fixed revenue504.6 122.4 — 493.7 168.5 — — 1,289.2 
Residential mobile revenue:
Service revenue364.3 290.7 — 306.4 295.0 — — 1,256.4 
Interconnect, inbound roaming, equipment sales and other (b)83.6 65.5 — 197.8 99.8 12.8 — 459.5 
Total residential mobile revenue447.9 356.2 — 504.2 394.8 12.8 — 1,715.9 
Total residential revenue952.5 478.6 — 997.9 563.3 12.8 — 3,005.1 
B2B revenue (c)
502.5 304.9 471.0 174.4 68.9 2.1 (113.6)1,410.2 
Other revenue— — — 26.9 — — — 26.9 
Total$1,455.0 $783.5 $471.0 $1,199.2 $632.2 $14.9 $(113.6)$4,442.2 
(a)Included in this amount is $94 million of revenue earned from other segments of Liberty Latin America.
(b)The total amount includes $248 million of revenue from sales of mobile handsets and other devices to residential mobile customers.
(c)The total amount includes $26 million of revenue from sales of mobile handsets and other devices to B2B mobile customers.
Year ended December 31, 2024
Reportable Segments
 Liberty CaribbeanC&W PanamaLiberty Networks (a)Liberty Puerto RicoLiberty Costa RicaCorporateIntersegment EliminationsTotal
 in millions
Residential revenue:
Residential fixed revenue:
Subscription revenue$486.2 $122.3 $— $474.5 $137.1 $— $— $1,220.1 
Non-subscription revenue 28.0 5.0 — 23.3 35.2 — — 91.5 
Total residential fixed revenue514.2 127.3 — 497.8 172.3 — — 1,311.6 
Residential mobile revenue:
Service revenue352.3 272.2 — 323.3 276.0 — — 1,223.8 
Interconnect, inbound roaming, equipment sales and other (b)79.5 61.0 — 189.0 88.9 18.6 — 437.0 
Total residential mobile revenue431.8 333.2 — 512.3 364.9 18.6 — 1,660.8 
Total residential revenue946.0 460.5 — 1,010.1 537.2 18.6 — 2,972.4 
B2B revenue (c)
516.8 302.7 447.5 206.7 75.9 1.0 (109.8)1,440.8 
Other revenue— — — 33.6 — — — 33.6 
Total$1,462.8 $763.2 $447.5 $1,250.4 $613.1 $19.6 $(109.8)$4,446.8 
(a)Included in this amount is $91 million of revenue earned from other segments of Liberty Latin America.
(b)The total amount includes $216 million of revenue from sales of mobile handsets and other devices to residential mobile customers.
(c)The total amount includes $24 million of revenue from sales of mobile handsets and other devices to B2B mobile customers.
Year ended December 31, 2023
Reportable Segments
 Liberty CaribbeanC&W PanamaLiberty Networks (a)Liberty Puerto RicoLiberty Costa RicaCorporateIntersegment EliminationsTotal
 in millions
Residential revenue:
Residential fixed revenue:
Subscription revenue$487.5 $116.5 $— $478.7 $144.3 $— $— $1,227.0 
Non-subscription revenue 29.0 5.5 — 25.5 14.3 — (2.1)72.2 
Total residential fixed revenue516.5 122.0 — 504.2 158.6 — (2.1)1,299.2 
Residential mobile revenue:
Service revenue330.3 260.6 — 398.7 242.1 — — 1,231.7 
Interconnect, inbound roaming, equipment sales and other (b)78.8 52.0 — 250.0 80.2 22.3 — 483.3 
Total residential mobile revenue409.1 312.6 — 648.7 322.3 22.3 — 1,715.0 
Total residential revenue925.6 434.6 — 1,152.9 480.9 22.3 (2.1)3,014.2 
B2B revenue (c)
511.4 308.0 453.3 224.3 67.0 1.2 (108.8)1,456.4 
Other revenue— — — 40.5 — — — 40.5 
Total$1,437.0 $742.6 $453.3 $1,417.7 $547.9 $23.5 $(110.9)$4,511.1 
(a)Included in this amount is $89 million of revenue earned from other segments of Liberty Latin America.
(b)The total amount includes $259 million of revenue from sales of mobile handsets and other devices to residential mobile customers.
(c)The total amount includes $26 million of revenue from sales of mobile handsets and other devices to B2B mobile customers.
v3.25.4
Parent Company Financial Information (Tables)
 12 Months Ended
Dec. 31, 2025
Condensed Financial Information Disclosure [Abstract]  
Schedule of Condensed Balance Sheets
December 31,
20252024
 in millions
ASSETS
Current assets:
Cash and cash equivalents $13.7 $10.4 
Other receivables – related-party155.1 255.4 
Prepaid expenses1.0 1.0 
Other current assets— 0.2 
Total current assets
169.8 267.0 
Investments in consolidated subsidiaries
425.7 917.4 
Total assets$595.5 $1,184.4 
LIABILITIES AND SHAREHOLDERS’ EQUITY
Current liabilities:
Related-party liabilities$32.7 $92.7 
Other accrued and current liabilities5.8 3.1 
Total current liabilities
38.5 95.8 
Other long-term liabilities1.4 — 
Total liabilities39.9 95.8 
Shareholders’ equity:
Class A, $0.01 par value; 500.0 million shares authorized; 54.7 million and 38.9 million shares issued and outstanding, respectively, at December 31, 2025; 53.7 million and 38.0 million shares issued and outstanding, respectively, at December 31, 2024
0.5 0.5 
Class B, $0.01 par value; 50.0 million shares authorized; 2.4 million shares issued and outstanding at December 31, 2025 and 2.4 million shares issued and outstanding at December 31, 2024
— — 
Class C, $0.01 par value; 500.0 million shares authorized; 195.2 million and 158.7 million shares issued and outstanding, respectively, at December 31, 2025; 192.4 million and 156.3 million shares issued and outstanding, respectively, at December 31, 2024
2.0 1.9 
Undesignated preference shares, $0.01 par value; 50.0 million shares authorized; nil shares issued and outstanding at each period
— — 
Treasury shares, at cost; 52.4 million and 51.8 million shares, respectively
(448.9)(444.1)
Additional paid-in capital5,368.9 5,315.6 
Accumulated deficit(4,242.3)(3,631.1)
Accumulated other comprehensive loss, net of taxes(124.6)(154.2)
Total shareholders’ equity555.6 1,088.6 
Total liabilities and shareholders’ equity$595.5 $1,184.4 
Schedule of Condensed Income Statement
Year ended December 31,
 202520242023

in millions
Operating costs and expenses:
Other operating costs and expenses$25.8 $5.6 $19.0 
Related-party charges and other operating items, net33.9 24.0 19.4 
Operating loss(59.7)(29.6)(38.4)
Non-operating expense:
Interest expense— (6.0)(20.2)
Realized and unrealized losses on derivatives instruments, net— (1.4)— 
Gains (losses) on debt extinguishments, net .— (0.3)0.9 
Other income (expense), net(1.3)1.3 0.6 
(1.3)(6.4)(18.7)
Loss before equity in losses of consolidated subsidiaries(61.0)(36.0)(57.1)
Equity in losses of consolidated subsidiaries, net(550.2)(653.4)(16.5)
Net loss$(611.2)$(689.4)$(73.6)
Schedule of Condensed Cash Flow Statement
Year ended December 31,
 202520242023
in millions
Cash flows from operating activities:
Net loss$(611.2)$(689.4)$(73.6)
Adjustments to reconcile net loss to net cash provided (used) by operating activities:
Equity in loss of consolidated subsidiaries, net550.2 653.4 16.5 
Share-based compensation and other Employee Incentive Plan-related expense1.9 (1.7)10.7 
Loss (gain) on debt extinguishments, net— 0.3 (0.9)
Amortization of debt financing costs— 4.2 13.9 
Realized and unrealized losses on derivative instruments, net— 1.4 — 
Changes in operating assets and liabilities52.3 7.0 53.1 
Net cash provided (used) by operating activities(6.8)(24.8)19.7 
Cash flows from investing activities:
Distribution and repayments from consolidated subsidiaries, net7.2 323.7 277.3 
Net cash provided by investing activities7.2 323.7 277.3 
Cash flows from financing activities:
Payments of principal amounts of debt and finance lease obligations— (219.2)(173.0)
Repurchase of Liberty Latin America common shares— (82.9)(118.3)
Capped call premium payment— (14.6)— 
Other financing activities, net2.9 0.3 (1.3)
Net cash provided (used) by financing activities2.9 (316.4)(292.6)
Net increase (decrease) in cash, cash equivalents and restricted cash3.3 (17.5)4.4 
Cash, cash equivalents and restricted cash:
Beginning of year10.4 27.9 23.5 
End of year$13.7 $10.4 $27.9 
v3.25.4
Basis of Presentation (Details)
 12 Months Ended
Dec. 31, 2025
country
segment
market
Basis of Presentation [Line Items]  
Number of reportable segments | segment 2
Residential and Business-to-Business Services  
Basis of Presentation [Line Items]  
Number of countries in which entity provides services | country 20
Wholesale Communication Services | Cable & Wireless Communications Limited (C&W)  
Basis of Presentation [Line Items]  
Number of markets | market 30
Telefónica Costa Rica. C&W  
Basis of Presentation [Line Items]  
Percentage ownership in subsidiary 100.00%
v3.25.4
Basis of Presentation - Schedule of Error Corrections and Prior Period Adjustments (Details) - USD ($)
$ in Millions
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
New Accounting Pronouncements or Change in Accounting Principle [Line Items]        
Revenue $ 4,442.2 $ 4,446.8 $ 4,511.1  
Operating loss 108.2 (76.8) 517.7  
Loss before income taxes (652.8) (659.9) (62.4)  
Net loss attributable to Liberty Latin America (611.2) (689.4) (73.6)  
Balance Sheet Related Disclosures [Abstract]        
Total current assets 2,246.2 2,115.2    
Total current liabilities 1,977.9 2,060.0    
Total equity $ 1,063.5 1,593.6 $ 2,309.7 $ 2,556.7
As previously reported        
New Accounting Pronouncements or Change in Accounting Principle [Line Items]        
Revenue   4,456.9    
Operating loss   (48.3)    
Loss before income taxes   (631.4)    
Net loss attributable to Liberty Latin America   (657.0)    
Balance Sheet Related Disclosures [Abstract]        
Total current assets   2,131.5    
Total current liabilities   2,043.9    
Total equity   1,626.0    
Adjustments        
New Accounting Pronouncements or Change in Accounting Principle [Line Items]        
Revenue   (10.1)    
Operating loss   (28.5)    
Loss before income taxes   (28.5)    
Net loss attributable to Liberty Latin America   (32.4)    
Balance Sheet Related Disclosures [Abstract]        
Total current assets   (16.3)    
Total current liabilities   16.1    
Total equity   $ (32.4)    
v3.25.4
Summary of Significant Accounting Policies - Narrative (Details) - USD ($)
$ in Millions
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Concentration Risk [Line Items]      
Long-term portion of our notes receivable, net of allowances $ 75 $ 80  
Proceeds from sale of receivables to third parties 48 50 $ 32
Restructuring charges 52 39 34
Payments for restructuring $ 52 29 $ 27
Restructuring Incurred Cost Statement Of Income Or Comprehensive Income Extensible Enumeration Not Disclosed Flag restructuring charges    
Spectrum Licenses      
Concentration Risk [Line Items]      
Estimated useful life 10 years    
WOW      
Concentration Risk [Line Items]      
Carrying value of investment $ 88 $ 87  
Ownership interest percentage 50.00% 50.00% 50.00%
Customer Concentration Risk | Accounts Receivable | Single Government Entity      
Concentration Risk [Line Items]      
Accounts receivable $ 78 $ 118  
Minimum      
Concentration Risk [Line Items]      
Notes receivable, term 12 months    
Estimated useful life 4 years    
Maximum      
Concentration Risk [Line Items]      
Notes receivable, term 36 months    
Estimated useful life 25 years    
v3.25.4
Summary of Significant Accounting Policies - Schedule of Changes in Trade Receivables Allowance for Credit Losses (Details) - USD ($)
$ in Millions
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Accounts Receivable, Allowance for Credit Loss [Roll Forward]      
Beginning balance $ 157.2 $ 91.6 $ 101.1
Provision for expected losses, net 104.4 141.7 71.5
Write-offs, net of recoveries (90.3) (75.8) (84.0)
Foreign currency translation adjustments and other 1.7 (0.3) 3.0
Ending balance $ 173.0 $ 157.2 $ 91.6
v3.25.4
Summary of Significant Accounting Policies - Contract Assets, Deferred Contract Costs and Deferred Revenue (Details) - USD ($)
$ in Millions
Dec. 31, 2025
Dec. 31, 2024
Accounting Policies [Abstract]    
Current contract assets $ 185 $ 149
Aggregate current and long-term deferred revenue $ 209 $ 214
v3.25.4
Summary of Significant Accounting Policies - Operating Leases (Details) - renewal_option
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Lessee, Lease, Description [Line Items]    
Number of renewal options 1  
Operating Lease, Right-of-Use Asset, Statement of Financial Position [Extensible List] Other assets, net Other assets, net
Operating Lease, Liability, Noncurrent, Statement of Financial Position [Extensible List] Other long-term liabilities Other long-term liabilities
Minimum    
Lessee, Lease, Description [Line Items]    
Operating lease initial term 5 years  
Maximum    
Lessee, Lease, Description [Line Items]    
Operating lease initial term 10 years  
v3.25.4
Summary of Significant Accounting Policies - Revenue Recognition (Details) - Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2026-01-01
$ in Millions
Dec. 31, 2025
USD ($)
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]  
Unfulfilled performance obligations $ 370
Unfulfilled performance obligations, remaining life 4 years
v3.25.4
Fair Value Measurements (Details) - USD ($)
$ in Millions
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Impairment loss $ 494.0  
Intangible assets not subject to amortization $ 1,319.3 $ 1,813.3
Impairment, Intangible Asset, Indefinite-Lived (Excluding Goodwill), Statement of Income or Comprehensive Income [Extensible Enumeration] Restructuring, Settlement and Impairment Provisions  
Other Intangible Assets    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Impairment loss $ 494.0  
Intangible assets not subject to amortization $ 777.0  
v3.25.4
Acquisitions - Narrative (Details)
$ in Millions
 12 Months Ended 36 Months Ended
Sep. 03, 2027
USD ($)
Sep. 03, 2026
USD ($)
Sep. 03, 2025
USD ($)
Sep. 03, 2024
USD ($)
installment
Dec. 31, 2025
USD ($)
Dec. 31, 2024
USD ($)
Dec. 31, 2023
USD ($)
Sep. 03, 2027
USD ($)
Business Combination [Line Items]                
Payments to acquire businesses, net of cash acquired         $ 0.0 $ 95.4 $ 0.0  
DISH                
Business Combination [Line Items]                
Total consideration       $ 235.6        
Annual installments | installment       4        
Payments to acquire businesses, net of cash acquired     $ 72.0 $ 95.4        
Puerto Rico and USVI Spectrum Acquisition                
Business Combination [Line Items]                
Revenue           12.0    
Net loss           $ 1.0    
Forecast | DISH                
Business Combination [Line Items]                
Total consideration               $ 256.0
Payments to acquire businesses, net of cash acquired $ 40.0 $ 45.0            
v3.25.4
Acquisition - Schedule of Reconciliation Of Purchase Price To Net Cash Paid (Details) - USD ($)
$ in Millions
 12 Months Ended 36 Months Ended
Sep. 03, 2027
Sep. 03, 2026
Sep. 03, 2025
Sep. 03, 2024
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Sep. 03, 2027
Business Combination [Line Items]                
Payments to acquire businesses, net of cash acquired         $ 0.0 $ 95.4 $ 0.0  
DISH                
Business Combination [Line Items]                
Stated purchase price       $ 255.8        
International roaming credits, net present value adjustment and net working capital adjustments, net       (20.2)        
Total consideration       235.6        
Consideration outstanding       140.2        
Payments to acquire businesses, net of cash acquired     $ 72.0 95.4        
Fair value of roaming credits       $ 7.0        
DISH | Forecast                
Business Combination [Line Items]                
Total consideration               $ 256.0
Payments to acquire businesses, net of cash acquired $ 40.0 $ 45.0            
v3.25.4
Acquisition - Schedule of Preliminary Opening Balance Sheet (Details) - USD ($)
$ in Millions
Sep. 03, 2024
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Business Combination [Line Items]        
Goodwill   $ 3,007.5 $ 2,981.0 $ 3,483.4
Weighted average useful life of acquired intangible assets (in years) 4 years      
Puerto Rico and USVI Spectrum Acquisition        
Business Combination [Line Items]        
Goodwill $ 14.6      
Intangible assets not subject to amortization 215.4      
Intangible assets subject to amortization 7.2      
Other accrued and current liabilities (1.6)      
Total purchase price $ 235.6      
v3.25.4
Acquisitions - Schedule of Pro Forma Information (Details) - USD ($)
$ in Millions
 12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Business Combination, Asset Acquisition, Transaction between Entities under Common Control, and Joint Venture Formation [Abstract]    
Revenue $ 4,473.3 $ 4,555.1
Net loss attributable to Liberty Latin America shareholders $ (684.4) $ (86.7)
v3.25.4
Derivative Instruments - Schedule of Fair Values of Derivative Assets and Liabilities (Details) - USD ($)
$ in Millions
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Assets :    
Current $ 44.2 $ 81.3
Long-term 28.2 109.2
Total $ 72.4 $ 190.5
Derivative Asset Noncurrent Statement Of Financial Position Extensible Enumeration Not Disclosed Flag Assets — interest rate derivative contracts (b) Assets — interest rate derivative contracts (b)
Derivative Asset Current Statement Of Financial Position Extensible Enumeration Not Disclosed Flag Assets — interest rate derivative contracts (b) Assets — interest rate derivative contracts (b)
Derivative Asset Statement Of Financial Position Extensible Enumeration Not Disclosed Flag Assets — interest rate derivative contracts (b) Assets — interest rate derivative contracts (b)
Liabilities :    
Current $ 12.3 $ 48.6
Long-term 46.8 8.5
Total $ 59.1 $ 57.1
Derivative Liability, Statement of Financial Position [Extensible Enumeration] Deferred tax liabilities Deferred tax liabilities
Interest rate derivative contracts    
Assets :    
Current $ 44.2 $ 81.3
Long-term 28.2 109.2
Liabilities :    
Current 7.2 38.0
Long-term 46.8 8.5
Total 54.0 46.5
Foreign currency forward contracts    
Liabilities :    
Current 5.1 10.6
Long-term 0.0 0.0
Total $ 5.1 $ 10.6
v3.25.4
Derivative Instruments - Narrative (Details)
$ in Millions, ₡ in Billions
 12 Months Ended
Dec. 31, 2025
USD ($)
Dec. 31, 2025
CRC (₡)
Interest Rate Swap | Cable & Wireless Communications Limited (C&W)    
Derivative Instruments, Gain (Loss) [Line Items]    
Derivative, notional amount $ 3,630  
Derivative floor interest rate (as a percent) 0.00% 0.00%
Weighted average remaining life (in years) 4 years 7 months 6 days  
Basis Swap | Cable & Wireless Communications Limited (C&W)    
Derivative Instruments, Gain (Loss) [Line Items]    
Derivative, notional amount $ 1,180  
Weighted average remaining life (in years) 2 months 12 days  
Foreign currency forward contracts | Costa Rice Borrowing Group    
Derivative Instruments, Gain (Loss) [Line Items]    
Derivative, notional amount $ 191 ₡ 100
Weighted average remaining life (in years) 6 months  
Measurement Input, Counterparty Credit Risk    
Derivative Instruments, Gain (Loss) [Line Items]    
Exposure to counterparty credit risk $ 21  
v3.25.4
Derivative Instruments - Schedule of Realized and Unrealized Gains (Losses) on Derivatives (Details) - USD ($)
$ in Millions
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Derivative [Line Items]      
Gain (loss) on derivative instruments, net $ (20.0) $ 82.1 $ (34.2)
Interest rate and cross-currency derivative contracts      
Derivative [Line Items]      
Gain (loss) on derivative instruments, net (63.4) 76.7 27.3
Foreign currency forward contracts and other      
Derivative [Line Items]      
Gain (loss) on derivative instruments, net (7.1) (7.6) (30.6)
Weather Derivatives      
Derivative [Line Items]      
Gain (loss) on derivative instruments, net $ 50.5 $ 13.0 $ (30.9)
v3.25.4
Derivative Instruments - Schedule of Net Cash Received (Paid) Related to Derivatives (Details) - USD ($)
$ in Millions
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Derivative Instruments, Gain (Loss) [Line Items]      
Operating activities $ 81.7 $ 94.2 $ 35.6
Investing activities (1.9) (1.3) 0.0
Financing activities 18.8 43.2 9.8
Total 98.6 136.1 45.4
Payments for derivative instruments, (81.7) $ (94.2) $ (35.6)
Hurricane Melissa      
Derivative Instruments, Gain (Loss) [Line Items]      
Operating activities (81.0)    
Payments for derivative instruments, 81.0    
Interest Rate Contract      
Derivative Instruments, Gain (Loss) [Line Items]      
Operating activities (6.0)    
Payments for derivative instruments, 6.0    
Hurricane Beryl      
Derivative Instruments, Gain (Loss) [Line Items]      
Operating activities (44.0)    
Payments for derivative instruments, $ 44.0    
v3.25.4
Long-lived Assets - Schedule of Impairment Charges (Details) - USD ($)
$ in Millions
 1 Months Ended 12 Months Ended
Oct. 31, 2025
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Schedule of Lmpairment Changes of Long-Lived Assets [Line Items]        
Spectrum   $ 494.0    
Goodwill     $ 515.7  
Property and equipment and other $ 56.0 64.9 22.7  
Total impairment charges - property and equipment and other (d)   $ 558.9 $ 538.4 $ 67.0
Impairment, Long-Lived Asset, Held-for-Use, Statement of Income or Comprehensive Income [Extensible Enumeration]   Depreciation and amortization Depreciation and amortization  
Other Intangible Assets        
Schedule of Lmpairment Changes of Long-Lived Assets [Line Items]        
Spectrum   $ 494.0    
Liberty Caribbean        
Schedule of Lmpairment Changes of Long-Lived Assets [Line Items]        
Spectrum   0.0    
Goodwill     $ 0.0  
Property and equipment and other   56.8 8.1  
Total impairment charges - property and equipment and other (d)   56.8 8.1 4.1
C&W Panama        
Schedule of Lmpairment Changes of Long-Lived Assets [Line Items]        
Spectrum   0.0    
Goodwill     0.0  
Property and equipment and other   6.0 7.8  
Total impairment charges - property and equipment and other (d)   6.0 7.8 51.9
Liberty Networks        
Schedule of Lmpairment Changes of Long-Lived Assets [Line Items]        
Spectrum   0.0    
Goodwill     0.0  
Property and equipment and other   0.1 4.5  
Total impairment charges - property and equipment and other (d)   0.1 4.5 0.8
Liberty Puerto Rico        
Schedule of Lmpairment Changes of Long-Lived Assets [Line Items]        
Spectrum   494.0    
Goodwill     515.7  
Property and equipment and other   1.7 2.0  
Total impairment charges - property and equipment and other (d)   495.7 517.7 9.4
Liberty Costa Rica        
Schedule of Lmpairment Changes of Long-Lived Assets [Line Items]        
Spectrum   0.0    
Goodwill     0.0  
Property and equipment and other   0.3 0.3  
Total impairment charges - property and equipment and other (d)   $ 0.3 $ 0.3 $ 0.8
v3.25.4
Long-lived Assets - Schedule of Goodwill (Details) - USD ($)
$ in Millions
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Goodwill [Roll Forward]    
Goodwill beginning balance $ 2,981.0 $ 3,483.4
Acquisition   14.6
Foreign currency translation adjustments and other 26.5 (1.3)
Impairment   (515.7)
Goodwill ending balance 3,007.5 2,981.0
Accumulated goodwill impairments 3,300.0 3,300.0
Liberty Caribbean    
Goodwill [Roll Forward]    
Goodwill beginning balance 1,211.6 1,218.1
Acquisition   0.0
Foreign currency translation adjustments and other (3.7) (6.5)
Impairment   0.0
Goodwill ending balance 1,207.9 1,211.6
C&W Panama    
Goodwill [Roll Forward]    
Goodwill beginning balance 617.1 617.1
Acquisition   0.0
Foreign currency translation adjustments and other 0.0 0.0
Impairment   0.0
Goodwill ending balance 617.1 617.1
Liberty Networks    
Goodwill [Roll Forward]    
Goodwill beginning balance 652.2 655.9
Acquisition   0.0
Foreign currency translation adjustments and other 17.1 (3.7)
Impairment   0.0
Goodwill ending balance 669.3 652.2
Liberty Puerto Rico    
Goodwill [Roll Forward]    
Goodwill beginning balance 0.0 501.1
Acquisition   14.6
Foreign currency translation adjustments and other   0.0
Impairment   (515.7)
Goodwill ending balance   0.0
Liberty Costa Rica    
Goodwill [Roll Forward]    
Goodwill beginning balance 500.1 491.2
Acquisition   0.0
Foreign currency translation adjustments and other 13.1 8.9
Impairment   0.0
Goodwill ending balance $ 513.2 $ 500.1
v3.25.4
Long-lived Assets - Schedule of Property and Equipment and the Related Accumulated Depreciation (Details) - USD ($)
$ in Millions
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Property, Plant and Equipment [Line Items]      
Property, plant and equipment, gross, excluding construction in progress $ 7,648.9 $ 7,422.3  
Accumulated depreciation (4,105.2) (3,767.4)  
Total depreciable assets 3,543.7 3,654.9  
Property and equipment, net 3,847.8 4,062.4  
Depreciation expense 809.0 833.0 $ 840.0
Non-cash increases related to vendor financing arrangements 123.9 154.9 $ 143.8
Distribution systems      
Property, Plant and Equipment [Line Items]      
Property and equipment, gross $ 5,280.3 5,181.1  
Distribution systems | Minimum      
Property, Plant and Equipment [Line Items]      
Estimated useful life 3 years    
Distribution systems | Maximum      
Property, Plant and Equipment [Line Items]      
Estimated useful life 25 years    
Support equipment and buildings      
Property, Plant and Equipment [Line Items]      
Property and equipment, gross $ 1,403.2 1,292.6  
Support equipment and buildings | Minimum      
Property, Plant and Equipment [Line Items]      
Estimated useful life 3 years    
Support equipment and buildings | Maximum      
Property, Plant and Equipment [Line Items]      
Estimated useful life 40 years    
CPE      
Property, Plant and Equipment [Line Items]      
Property and equipment, gross $ 965.4 948.6  
CPE | Minimum      
Property, Plant and Equipment [Line Items]      
Estimated useful life 3 years    
CPE | Maximum      
Property, Plant and Equipment [Line Items]      
Estimated useful life 5 years    
CIP and land      
Property, Plant and Equipment [Line Items]      
Property and equipment, gross $ 304.1 $ 407.5  
v3.25.4
Long-lived Assets - Schedule of Intangible Assets Not Subject to Amortization (Details) - USD ($)
$ in Millions
Dec. 31, 2025
Dec. 31, 2024
Sep. 03, 2024
Indefinite-lived Intangible Assets [Line Items]      
Intangible assets not subject to amortization $ 1,319.3 $ 1,813.3  
LPR Spectrum Acquisition      
Indefinite-lived Intangible Assets [Line Items]      
Intangible assets not subject to amortization     $ 215.0
Spectrum Licenses      
Indefinite-lived Intangible Assets [Line Items]      
Intangible assets not subject to amortization 777.5 1,271.5  
Cable television franchise rights and other      
Indefinite-lived Intangible Assets [Line Items]      
Intangible assets not subject to amortization $ 541.8 $ 541.8  
v3.25.4
Long-lived Assets - Schedule of Intangible Assets Subject to Amortization, Net (Details) - USD ($)
$ in Millions
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Gross carrying amount $ 916.3 $ 1,158.2  
Accumulated amortization (555.3) (743.9)  
Total 361.0 414.3  
Amortization expense 96.0 136.0 $ 168.0
Customer Relationships      
Gross carrying amount 616.4 898.9  
Licenses and other      
Gross carrying amount $ 299.9 $ 259.3  
Minimum      
Estimated useful life 4 years    
Maximum      
Estimated useful life 25 years    
v3.25.4
Long-lived Assets - Schedule of Future Amortization Expense (Details) - USD ($)
$ in Millions
Dec. 31, 2025
Dec. 31, 2024
Goodwill and Intangible Assets Disclosure [Abstract]    
2026 $ 71.8  
2027 62.4  
2028 57.0  
2029 52.1  
2030 34.8  
Thereafter 82.9  
Total $ 361.0 $ 414.3
v3.25.4
Operating Leases - Operating Lease Expense (Details) - USD ($)
$ in Millions
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Operating lease expense:      
Operating lease cost $ 135.1 $ 122.8 $ 128.0
Short-term lease cost 24.1 27.5 29.0
Total operating lease expense $ 159.2 $ 150.3 $ 157.0
v3.25.4
Operating Leases - Operating Lease Assets and Liabilities (Details) - USD ($)
$ in Millions
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Leases [Abstract]      
Operating lease right-of-use assets $ 470.4 $ 481.2  
Operating lease liabilities:      
Current 95.0 87.5  
Long-term 423.6 450.2  
Total operating lease liabilities $ 518.6 $ 537.7  
Weighted-average remaining lease term (in years) 6 years 7 months 6 days 7 years 3 months 18 days  
Weighted-average discount rate (in percent) 8.60% 8.10%  
Operating cash outflows from operating leases $ 146.9 $ 131.4 $ 131.9
Right-of-use asset obtained in exchange for operating lease liability $ 75.0 $ 95.6 $ 53.8
v3.25.4
Operating Leases - Future Minimum Payments of Maturity (Details) - USD ($)
$ in Millions
Dec. 31, 2025
Dec. 31, 2024
Leases [Abstract]    
2026 $ 132.0  
2027 115.6  
2028 105.7  
2029 91.2  
2030 73.0  
Thereafter 178.5  
Total operating lease liabilities on an undiscounted basis 696.0  
Present value discount (177.4)  
Present value of operating lease liabilities $ 518.6 $ 537.7
v3.25.4
Debt and Finance Lease Obligations - Schedule of Components of Debt (Details) - USD ($)
$ in Millions
Dec. 31, 2025
Dec. 31, 2024
Debt Instrument [Line Items]    
Weighted average interest rate (as a percent) 7.29%  
Unused borrowing capacity $ 913.5  
Estimated fair value 7,420.9 $ 7,780.5
Total debt before premiums, discounts and deferred financing costs 8,349.8 8,138.8
Premiums, discounts and deferred financing costs, net (79.3) (63.2)
Total carrying amount of debt 8,270.5 8,075.6
Finance lease obligations 8.7 4.6
Total debt and finance lease obligations 8,279.2 8,080.2
Less: Current maturities of debt and finance lease obligations (408.8) (465.7)
Long-term debt and finance lease obligations $ 7,870.4 $ 7,614.5
Finance Lease, Liability, Statement of Financial Position [Extensible Enumeration] Total debt and finance lease obligations Total debt and finance lease obligations
Line of Credit    
Debt Instrument [Line Items]    
Credit facilities, unused borrowing capacity $ 166.0  
Total debt before premiums, discounts and deferred financing costs $ 884.5  
C&W Notes | Senior Notes    
Debt Instrument [Line Items]    
Weighted average interest rate (as a percent) 7.93%  
Unused borrowing capacity $ 0.0  
Estimated fair value 1,793.8 $ 1,707.2
Total debt before premiums, discounts and deferred financing costs 1,755.0 1,735.0
Total carrying amount of debt $ 1,737.0  
C&W Credit Facilities | Line of Credit    
Debt Instrument [Line Items]    
Weighted average interest rate (as a percent) 6.62%  
Credit facilities, unused borrowing capacity $ 687.5  
Estimated fair value 2,603.7 2,671.0
Total debt before premiums, discounts and deferred financing costs 2,646.2 2,690.2
LPR Senior Secured Notes | Senior Notes    
Debt Instrument [Line Items]    
Total debt before premiums, discounts and deferred financing costs 1,981.0  
Total carrying amount of debt $ 1,972.1  
LPR Senior Secured Notes | Line of Credit    
Debt Instrument [Line Items]    
Weighted average interest rate (as a percent) 6.08%  
Credit facilities, unused borrowing capacity $ 0.0  
Estimated fair value 1,285.5 1,709.1
Total debt before premiums, discounts and deferred financing costs $ 1,981.0 1,981.0
LPR Credit Facilities | Line of Credit    
Debt Instrument [Line Items]    
Weighted average interest rate (as a percent) 8.15%  
Credit facilities, unused borrowing capacity $ 116.0  
Estimated fair value 431.8 598.9
Total debt before premiums, discounts and deferred financing costs $ 676.5 670.0
2030 LPR Term Loan | Line of Credit    
Debt Instrument [Line Items]    
Weighted average interest rate (as a percent) 9.75%  
Credit facilities, unused borrowing capacity $ 50.0  
Estimated fair value 200.0 0.0
Total debt before premiums, discounts and deferred financing costs $ 208.0 0.0
LCR Credit Facilities | Line of Credit    
Debt Instrument [Line Items]    
Weighted average interest rate (as a percent) 10.43%  
Credit facilities, unused borrowing capacity $ 60.0  
Estimated fair value 538.0 481.7
Total debt before premiums, discounts and deferred financing costs $ 515.0 450.0
Vendor financing, Tower Transactions and other | Unsecured Debt    
Debt Instrument [Line Items]    
Weighted average interest rate (as a percent) 7.90%  
Unused borrowing capacity $ 0.0  
Estimated fair value 568.1 612.6
Total debt before premiums, discounts and deferred financing costs $ 568.1 $ 612.6
v3.25.4
Debt and Finance Lease Obligations - Components of Debt (Details)
$ in Millions
 12 Months Ended
Dec. 31, 2025
USD ($)
installment
Dec. 31, 2024
USD ($)
Dec. 31, 2023
USD ($)
Debt Instrument [Line Items]      
Sale-leaseback sold and leased back towers $ 3 $ 9  
C&W Credit Facilities | Line of Credit      
Debt Instrument [Line Items]      
Annual installments | installment 3    
Vendor Financing Obligations | Unsecured Debt      
Debt Instrument [Line Items]      
General term of vendor financing arrangements for amounts due 1 year    
Operating expenses financed by intermediary $ 201 $ 199 $ 177
v3.25.4
Debt and Finance Lease Obligations - Schedule of Vendor Financing Obligations (Details) - USD ($)
$ in Millions
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Debt and Finance Lease Obligations      
Balance at beginning of period $ 327.7 $ 299.1  
Operating expenses financed by an intermediary 201.1 198.8  
Non-cash increases related to vendor financing arrangements 123.9 154.9 $ 143.8
Principal payments on vendor financing obligations (346.0) (324.5)  
Foreign currency translation adjustments and other (1.2) (0.6)  
Balance at end of period 305.5 327.7 $ 299.1
Current portion 302.1 324.7  
Long-term portion $ 3.4 $ 3.0  
v3.25.4
Debt and Finance Lease Obligations - Narrative (Details)
$ in Millions
 1 Months Ended 12 Months Ended
Sep. 23, 2025
USD ($)
May 31, 2023
Dec. 31, 2025
group
agreement
Debt Instrument [Line Items]      
Number of borrowing group, incurring outstanding debt | group     1
Number of borrowing groups | group     3
Number of credit facility agreement, entered by borrowing group | agreement     1
Delayed Draw Term Loan (DDTL)      
Debt Instrument [Line Items]      
Original issue amount | $ $ 50    
2030 LPR Unrestricted Subsidiary Credit Agreement      
Debt Instrument [Line Items]      
Line of credit facility, maximum borrowing capacity | $ $ 350    
Debt instrument, prepayment fee, period 6 months    
Secured Debt | Prepayment Percentage One      
Debt Instrument [Line Items]      
Debt instrument, prepayment fee percentage 0    
Secured Debt | Prepayment Percentage Two      
Debt Instrument [Line Items]      
Debt instrument, prepayment fee percentage 0.03    
Secured Debt | Prepayment Percentage Three      
Debt Instrument [Line Items]      
Debt instrument, prepayment fee percentage 0.0100    
Secured Debt | Prepayment Percentage Thereafter      
Debt Instrument [Line Items]      
Debt instrument, prepayment fee percentage 0    
Senior Notes      
Debt Instrument [Line Items]      
Mandatory redemption price expressed as percentage of principal amount on senior notes in event that certain assets sold or specific control changed     101.00%
Line of Credit | One Month      
Debt Instrument [Line Items]      
Interest rate   0.11448%  
Line of Credit | Three Months      
Debt Instrument [Line Items]      
Interest rate   0.26161%  
Line of Credit | Six Months      
Debt Instrument [Line Items]      
Interest rate   0.42826%  
v3.25.4
Debt and Finance Lease Obligations - Schedule of C&W Notes (Details) - USD ($)
$ in Millions
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Debt Instrument [Line Items]    
Outstanding principal amount $ 8,349.8 $ 8,138.8
Carrying value $ 8,270.5 8,075.6
2032 C&W Senior Secured Notes | Senior Notes    
Debt Instrument [Line Items]    
Interest rate 7.125%  
Outstanding principal amount $ 1,000.0  
Carrying value $ 990.4  
Issued at 100.00%  
Interest rate 0.50%  
Debt instrument, periodic payment, percentage of principal 10.00%  
Debt instrument, redemption price, percentage available for redemption 40.00%  
Debt instrument, redemption price, percentage, one 103.00%  
Debt instrument, redemption price, percentage, two 107.125%  
2032 C&W Senior Secured Notes | Senior Notes | 2027    
Debt Instrument [Line Items]    
Issued at 103.563%  
2032 C&W Senior Secured Notes | Senior Notes | 2028    
Debt Instrument [Line Items]    
Issued at 101.781%  
2032 C&W Senior Secured Notes | Senior Notes | 2029    
Debt Instrument [Line Items]    
Issued at 100.00%  
2032 C&W Senior Secured Notes | Senior Notes | 2030 and thereafter    
Debt Instrument [Line Items]    
Issued at 100.00%  
C&W Senior Notes Due 2033 | Senior Notes    
Debt Instrument [Line Items]    
Interest rate 9.00%  
Outstanding principal amount $ 755.0  
Carrying value $ 746.6  
Issued at 100.00%  
Interest rate 0.50%  
Debt instrument, redemption price, percentage available for redemption 40.00%  
Debt instrument, redemption price, percentage 109.00%  
C&W Senior Notes Due 2033 | Senior Notes | 2028    
Debt Instrument [Line Items]    
Issued at 104.50%  
C&W Senior Notes Due 2033 | Senior Notes | 2029    
Debt Instrument [Line Items]    
Issued at 102.025%  
C&W Senior Notes Due 2033 | Senior Notes | 2030 and thereafter    
Debt Instrument [Line Items]    
Issued at 100.00%  
C&W Notes | Senior Notes    
Debt Instrument [Line Items]    
Outstanding principal amount $ 1,755.0 $ 1,735.0
Carrying value $ 1,737.0  
v3.25.4
Debt and Finance Lease Obligations - Schedule of C&W Credit Facilities (Details) - USD ($)
$ in Millions
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Debt Instrument [Line Items]      
Outstanding principal amount $ 8,349.8 $ 8,138.8  
Line of Credit      
Debt Instrument [Line Items]      
Unused borrowing capacity 166.0    
Outstanding principal amount 884.5    
Carrying value $ 870.2    
Line of Credit | CWP Revolving Credit Facility      
Debt Instrument [Line Items]      
Interest rate 3.25%    
Unused borrowing capacity $ 152.0    
Outstanding principal amount 0.0    
Carrying value $ 0.0    
Fee on unused portion of credit facility 0.50%    
Line of Credit | C&W Revolving Credit Facility      
Debt Instrument [Line Items]      
Interest rate 3.25%    
Unused borrowing capacity $ 456.0    
Outstanding principal amount 0.0   $ 40.0
Carrying value $ 0.0    
Line of Credit | C&W Term Loan B-5 Facility | Minimum      
Debt Instrument [Line Items]      
Interest rate 0.00%    
Line of Credit | C&W Term Loan B-6 Facility      
Debt Instrument [Line Items]      
Interest rate 3.00%    
Unused borrowing capacity $ 0.0    
Outstanding principal amount 590.0    
Carrying value $ 585.0    
Line of Credit | C&W Term Loan B-6 Facility | Minimum      
Debt Instrument [Line Items]      
Interest rate 0.00%    
Line of Credit | C&W Term Loan B-7 Facility      
Debt Instrument [Line Items]      
Interest rate 3.25%    
Unused borrowing capacity $ 0.0    
Outstanding principal amount 1,530.0    
Carrying value $ 1,514.9    
Line of Credit | 2028 CWP Term Loan      
Debt Instrument [Line Items]      
Interest rate 4.25%    
Unused borrowing capacity $ 0.0    
Outstanding principal amount 435.0    
Carrying value $ 432.9    
Line of Credit | C&W Regional Facilities      
Debt Instrument [Line Items]      
Interest rate 7.35%    
Unused borrowing capacity $ 79.5    
Outstanding principal amount 91.2    
Carrying value 91.1    
Line of Credit | C&W Credit Facilities      
Debt Instrument [Line Items]      
Unused borrowing capacity 687.5    
Outstanding principal amount 2,646.2 $ 2,690.2  
Carrying value $ 2,623.9    
v3.25.4
Debt and Finance Lease Obligations - Schedule of LPR Senior Secured Notes (Details) - USD ($)
$ in Millions
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Debt Instrument [Line Items]    
Outstanding principal amount $ 8,349.8 $ 8,138.8
Carrying value $ 8,270.5 $ 8,075.6
Senior Notes | 2027 LPR Senior Secured Notes    
Debt Instrument [Line Items]    
Interest rate 6.75%  
Outstanding principal amount $ 1,161.0  
Carrying value $ 1,155.9  
Senior Notes | 2027 LPR Senior Secured Notes | 2025    
Debt Instrument [Line Items]    
Issued at 100.00%  
Senior Notes | 2027 LPR Senior Secured Notes | 2026 and thereafter    
Debt Instrument [Line Items]    
Issued at 100.00%  
Senior Notes | 2029 LPR Senior Secured Notes    
Debt Instrument [Line Items]    
Interest rate 5.125%  
Outstanding principal amount $ 820.0  
Carrying value $ 816.2  
Senior Notes | 2029 LPR Senior Secured Notes | 2025    
Debt Instrument [Line Items]    
Issued at 101.281%  
Senior Notes | 2029 LPR Senior Secured Notes | 2026 and thereafter    
Debt Instrument [Line Items]    
Issued at 100.00%  
Senior Notes | LPR Senior Secured Notes    
Debt Instrument [Line Items]    
Outstanding principal amount $ 1,981.0  
Carrying value $ 1,972.1  
v3.25.4
Debt and Finance Lease Obligations - Schedule of LPR Credit Facilities (Details) - USD ($)
$ in Millions
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Debt Instrument [Line Items]      
Outstanding principal amount $ 8,349.8 $ 8,138.8  
Line of Credit      
Debt Instrument [Line Items]      
Unused borrowing capacity 166.0    
Outstanding principal amount 884.5    
Carrying value $ 870.2    
Line of Credit | LPR Revolving Credit Facility      
Debt Instrument [Line Items]      
Interest rate 3.50%    
Unused borrowing capacity $ 116.0    
Outstanding principal amount 56.5    
Carrying value $ 56.5    
Line of Credit | LPR Revolving Credit Facility | Minimum      
Debt Instrument [Line Items]      
Fee on unused portion of credit facility 0.50%    
Line of Credit | 2028 LPR Term Loan      
Debt Instrument [Line Items]      
Interest rate 3.75%    
Unused borrowing capacity $ 0.0    
Outstanding principal amount 620.0    
Carrying value $ 617.9    
Line of Credit | 2028 LPR Term Loan | Minimum      
Debt Instrument [Line Items]      
Interest rate 0.00%    
Fee on unused portion of credit facility 1.00%    
Line of Credit | 2030 LPR Term Loan      
Debt Instrument [Line Items]      
Interest rate 9.75%    
Unused borrowing capacity $ 50.0    
Outstanding principal amount 208.0 0.0  
Carrying value 195.8    
Line of Credit | LPR Credit Facilities      
Debt Instrument [Line Items]      
Unused borrowing capacity 116.0    
Outstanding principal amount $ 676.5 $ 670.0  
Line of Credit | LPR Revolving Credit Facility      
Debt Instrument [Line Items]      
Outstanding principal amount     $ 65.0
v3.25.4
Debt and Finance Lease Obligations - Schedule of LCR Credit Facilities (Details) - USD ($)
$ in Millions
 12 Months Ended
Feb. 18, 2026
Dec. 31, 2025
Dec. 31, 2024
Debt Instrument [Line Items]      
Outstanding principal amount   $ 8,349.8 $ 8,138.8
Line of Credit      
Debt Instrument [Line Items]      
Unused borrowing capacity   166.0  
Outstanding principal amount   884.5  
Carrying value   $ 870.2  
LCR Revolving Credit Facility | Line of Credit      
Debt Instrument [Line Items]      
Interest rate   4.25%  
Unused borrowing capacity   $ 60.0  
Outstanding principal amount   0.0  
Carrying value   $ 0.0  
LCR Revolving Credit Facility | Line of Credit | Minimum      
Debt Instrument [Line Items]      
Fee on unused portion of credit facility   0.50%  
2031 LCR Term Loan A | Line of Credit      
Debt Instrument [Line Items]      
Interest rate   10.875%  
Unused borrowing capacity   $ 0.0  
Outstanding principal amount   50.0  
Carrying value   $ 49.2  
2031 LCR Term Loan A | Line of Credit | Subsequent Event      
Debt Instrument [Line Items]      
Debt instrument, redemption price amount $ 5.0    
2031 LCR Term Loan B | Line of Credit      
Debt Instrument [Line Items]      
Interest rate   10.875%  
Unused borrowing capacity   $ 0.0  
Outstanding principal amount   400.0  
Carrying value   $ 390.4  
2031 LCR Term Loan B | Line of Credit | Subsequent Event      
Debt Instrument [Line Items]      
Debt instrument, redemption price amount $ 40.0    
Debt instrument, redemption price, percentage 103.00%    
2033 LCR Term Loan A | Line of Credit      
Debt Instrument [Line Items]      
Interest rate   3.50%  
Unused borrowing capacity   $ 0.0  
Outstanding principal amount   65.0  
Carrying value   63.1  
Cabletica Credit Facilities | Line of Credit      
Debt Instrument [Line Items]      
Unused borrowing capacity   60.0  
Outstanding principal amount   515.0 $ 450.0
Carrying value   $ 502.7  
v3.25.4
Debt and Finance Lease Obligations - Schedule of Finance Activity (Details) - Line of Credit - USD ($)
$ in Millions
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
2027 C&W RCF      
Debt Instrument [Line Items]      
Issued at 100.00%    
Amount borrowed $ 117.1    
Non–cash component $ 0.0    
2029 C&W RCF      
Debt Instrument [Line Items]      
Issued at 100.00%    
Amount borrowed $ 241.9    
Non–cash component $ 0.0    
2033 C&W Senior Notes      
Debt Instrument [Line Items]      
Issued at 100.00%    
Amount borrowed $ 755.0    
Non–cash component $ 0.0    
C&W Term Loan B-7 Facility      
Debt Instrument [Line Items]      
Issued at 99.50%    
Amount borrowed $ 1,522.4    
Non–cash component $ 1,510.0    
2030 LPR Term Loan      
Debt Instrument [Line Items]      
Issued at 96.00%    
Amount borrowed $ 200.0    
Non–cash component $ 0.0    
LPR Revolving Credit Facility      
Debt Instrument [Line Items]      
Issued at 100.00%   100.00%
Amount borrowed $ 226.1 $ 120.0 $ 65.0
Non–cash component $ 0.0    
2033 LCR Term Loan A      
Debt Instrument [Line Items]      
Issued at 100.00%    
Amount borrowed $ 65.0    
Non–cash component $ 0.0    
LCR Revolving Credit Facility      
Debt Instrument [Line Items]      
Issued at 100.00%    
Amount borrowed $ 61.3 $ 31.0 $ 0.0
Non–cash component 0.0    
C&W Other Facilities      
Debt Instrument [Line Items]      
Issued at   100.00% 100.00%
Amount borrowed   $ 22.5 $ 69.0
C&W Revolving Credit Facility      
Debt Instrument [Line Items]      
Issued at     100.00%
Amount borrowed   $ 275.0 $ 40.0
Debt instrument, commitments $ 460.0    
2032 C&W Senior Secured Notes      
Debt Instrument [Line Items]      
Issued at   100.00%  
Amount borrowed   $ 1,000.0  
C&W Regional Facilities      
Debt Instrument [Line Items]      
Issued at 100.00%    
Amount borrowed     20.0
Non–cash component $ 0.0    
CWP Credit Facilities      
Debt Instrument [Line Items]      
Amount borrowed     $ 10.0
2031 LCR Term Loan A      
Debt Instrument [Line Items]      
Issued at     100.00%
Amount borrowed     $ 50.0
2031 LCR Term Loan B      
Debt Instrument [Line Items]      
Issued at     100.00%
Amount borrowed     $ 400.0
v3.25.4
Debt and Finance Lease Obligations - Schedule of Costa Rica Credit Facilities (Details)
₡ in Millions, $ in Millions
 3 Months Ended 12 Months Ended
Mar. 31, 2024
USD ($)
Dec. 31, 2025
USD ($)
Dec. 31, 2024
USD ($)
Dec. 31, 2023
USD ($)
Dec. 31, 2023
CRC (₡)
Debt Instrument [Line Items]          
Outstanding principal amount   $ 8,349.8 $ 8,138.8    
Line of Credit          
Debt Instrument [Line Items]          
Outstanding principal amount   $ 884.5      
2027 C&W RCF | Line of Credit          
Debt Instrument [Line Items]          
Issued at   100.00%      
Repayments of long-term debt   $ 109.7      
Non–cash component   $ 0.0      
2029 C&W RCF | Line of Credit          
Debt Instrument [Line Items]          
Issued at   100.00%      
Repayments of long-term debt   $ 279.3      
Non–cash component   $ 0.0      
2027 C&W Senior Notes | Senior Notes          
Debt Instrument [Line Items]          
Issued at     100.859%    
Repayments of long-term debt     $ 485.0    
2027 C&W Senior Notes | Line of Credit          
Debt Instrument [Line Items]          
Issued at   100.859%      
Repayments of long-term debt   $ 735.0      
Non–cash component   $ 0.0      
C&W Term Loan B-5 Facility | Line of Credit          
Debt Instrument [Line Items]          
Issued at   100.00%      
Repayments of long-term debt   $ 1,510.0      
Non–cash component   1,510.0      
2027 C&W Senior Secured Notes | Senior Notes          
Debt Instrument [Line Items]          
Issued at     100.00%    
Repayments of long-term debt     $ 495.0    
C&W Revolving Credit Facility | Senior Notes          
Debt Instrument [Line Items]          
Issued at     100.00%    
Repayments of long-term debt     $ 245.0    
C&W Revolving Credit Facility | Line of Credit          
Debt Instrument [Line Items]          
Issued at       100.00%  
Outstanding principal amount   $ 0.0   $ 40.0  
C&W Other Facilities | Senior Notes          
Debt Instrument [Line Items]          
Issued at     100.00%    
Repayments of long-term debt     $ 23.0    
C&W Other Facilities | Line of Credit          
Debt Instrument [Line Items]          
Issued at     100.00% 100.00%  
C&W Regional Facilities | Senior Notes          
Debt Instrument [Line Items]          
Issued at     100.00%    
Repayments of long-term debt     $ 20.0    
C&W Regional Facilities | Line of Credit          
Debt Instrument [Line Items]          
Issued at   100.00%      
Repayments of long-term debt   $ 30.5      
Outstanding principal amount   91.2      
Non–cash component   0.0      
CWP Revolving Credit Facility | Senior Notes          
Debt Instrument [Line Items]          
Issued at     100.00%    
Repayments of long-term debt     $ 10.0    
CWP Revolving Credit Facility | Line of Credit          
Debt Instrument [Line Items]          
Outstanding principal amount   $ 0.0      
LPR Revolving Credit Facility | Senior Notes          
Debt Instrument [Line Items]          
Issued at     100.00%    
Repayments of long-term debt     $ 70.0    
LPR Revolving Credit Facility | Line of Credit          
Debt Instrument [Line Items]          
Issued at   100.00%   100.00%  
Repayments of long-term debt   $ 219.6      
Outstanding principal amount       $ 65.0  
Non–cash component   $ 0.0      
LCR Revolving Credit Facility | Senior Notes          
Debt Instrument [Line Items]          
Issued at     100.00%    
Repayments of long-term debt     $ 31.0    
LCR Revolving Credit Facility | Line of Credit          
Debt Instrument [Line Items]          
Issued at   100.00%      
Repayments of long-term debt   $ 61.3      
Non–cash component   $ 0.0      
Convertible Notes | Senior Notes          
Debt Instrument [Line Items]          
Repayments of long-term debt     $ 219.2    
Convertible Notes | Line of Credit          
Debt Instrument [Line Items]          
Outstanding principal amount       $ 173.0  
Convertible Notes | Line of Credit | Convertible Notes Payable          
Debt Instrument [Line Items]          
Issued at   99.50%   94.90%  
Extinguishment of debt   $ 220.0   $ 182.0  
Increase (decrease) in derivative assets $ 102.0     $ 182.0  
LCR Term Loan B-1 Facility | Line of Credit          
Debt Instrument [Line Items]          
Issued at       100.00%  
Outstanding principal amount       $ 276.7  
LCR Term Loan B-2 Facility | Line of Credit          
Debt Instrument [Line Items]          
Issued at       100.00%  
Outstanding principal amount       $ 138.6 ₡ 79,600.0
v3.25.4
Debt and Finance Lease Obligations - Schedule of Maturities of Debt (Details) - USD ($)
$ in Millions
Dec. 31, 2025
Dec. 31, 2024
Debt Instrument [Line Items]    
Total debt maturities $ 8,349.8 $ 8,138.8
Premiums, discounts and deferred financing costs, net (79.3) (63.2)
Total carrying amount of debt 8,270.5 $ 8,075.6
C&W    
Debt Instrument [Line Items]    
2026 328.0  
2027 12.1  
2028 490.7  
2029 595.8  
2030 13.5  
Thereafter 3,465.6  
Total debt maturities 4,905.7  
Premiums, discounts and deferred financing costs, net (43.2)  
Total carrying amount of debt 4,862.5  
Current portion 328.0  
Long-term portion 4,534.5  
Liberty Puerto Rico    
Debt Instrument [Line Items]    
2026 77.0  
2027 1,162.8  
2028 620.6  
2029 820.7  
2030 213.5  
Thereafter 32.5  
Total debt maturities 2,927.1  
Premiums, discounts and deferred financing costs, net (23.8)  
Total carrying amount of debt 2,903.3  
Current portion 77.0  
Long-term portion 2,826.3  
Liberty Costa Rica    
Debt Instrument [Line Items]    
2026 0.0  
2027 0.0  
2028 0.0  
2029 0.0  
2030 0.0  
Thereafter 515.0  
Total debt maturities 515.0  
Premiums, discounts and deferred financing costs, net (12.3)  
Total carrying amount of debt 502.7  
Current portion 0.0  
Long-term portion 502.7  
Liberty Latin America    
Debt Instrument [Line Items]    
2026 1.3  
2027 0.7  
2028 0.0  
2029 0.0  
2030 0.0  
Thereafter 0.0  
Total debt maturities 2.0  
Premiums, discounts and deferred financing costs, net 0.0  
Total carrying amount of debt 2.0  
Current portion 1.3  
Long-term portion 0.7  
Consolidated    
Debt Instrument [Line Items]    
2026 406.3  
2027 1,175.6  
2028 1,111.3  
2029 1,416.5  
2030 227.0  
Thereafter 4,013.1  
Total debt maturities 8,349.8  
Premiums, discounts and deferred financing costs, net (79.3)  
Total carrying amount of debt 8,270.5  
Current portion 406.3  
Long-term portion $ 7,864.2  
v3.25.4
Defined Benefit Plans - Schedule of Amounts Recognized in Balance Sheet (Details) - USD ($)
$ in Millions
Dec. 31, 2025
Dec. 31, 2024
Retirement Benefits [Abstract]    
Other assets, net $ 27.5 $ 33.6
Other long-term liabilities, net (4.8) (5.6)
Net pension asset 22.7 28.0
Defined benefit plan, indemnification asset. 113.0 115.0
Investments in UK Gilts $ 24.0 $ 23.0
v3.25.4
Defined Benefit Plans - Schedule of Balance Sheet Information on Our Defined Benefit Plans (Details) - USD ($)
$ in Millions
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Defined Benefit Plan Disclosure [Line Items]    
Projected benefit obligation $ (1,407.8) $ (1,361.4)
Fair value of plan assets 1,430.5 1,389.4
Net pension asset 22.7 28.0
Defined benefit plan, indemnification asset. 113.0 115.0
Investments in UK Gilts $ 24.0 23.0
Benefit obligation, discount rate 6.10%  
Defined benefit plan, adjustment to discount rate used to determine benefit obligations 1.00%  
Impact of a 1.0% increase to discount rate $ (34.0)  
Impact of 1.0% decrease to discount rate 40.0  
Level 1    
Defined Benefit Plan Disclosure [Line Items]    
Fair value of plan assets 239.0 233.0
Level 2    
Defined Benefit Plan Disclosure [Line Items]    
Fair value of plan assets 132.0 135.0
Level 3    
Defined Benefit Plan Disclosure [Line Items]    
Fair value of plan assets $ 1,060.0 $ 1,021.0
v3.25.4
Defined Benefit Plans - Narrative (Details) - USD ($)
$ in Millions
 12 Months Ended
Dec. 31, 2023
Dec. 31, 2025
May 31, 2023
Defined Benefit Plan Disclosure [Line Items]      
Pension assets to accumulated $ 75    
Cable & Wireless Superannuation Fund (CWSF)      
Defined Benefit Plan Disclosure [Line Items]      
Risk mitigated by insurance policies     100.00%
Jamaican and UTS Plan      
Defined Benefit Plan Disclosure [Line Items]      
Risk mitigated by insurance policies   100.00%  
v3.25.4
Equity - Schedule of Changes in Our Share Capital (Details) - shares
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Class A      
Increase (Decrease) in Stockholders' Equity [Roll Forward]      
Balance (in shares) 38,000,000.0 40,800,000 42,700,000
Repurchase of Liberty Latin America common shares (in shares) (200,000) (4,000,000.0) (2,600,000)
Issued in connection with share-based compensation plans and other (in shares) 1,100,000 1,200,000 700,000
Balance (in shares) 38,900,000 38,000,000.0 40,800,000
Class B      
Increase (Decrease) in Stockholders' Equity [Roll Forward]      
Balance (in shares) 2,400,000 2,200,000 2,100,000
Repurchase of Liberty Latin America common shares (in shares) 0 0 0
Issued in connection with share-based compensation plans and other (in shares) 0 200,000 100,000
Balance (in shares) 2,400,000 2,400,000 2,200,000
Class C      
Increase (Decrease) in Stockholders' Equity [Roll Forward]      
Balance (in shares) 156,300,000 161,700,000 171,300,000
Repurchase of Liberty Latin America common shares (in shares) (400,000) (8,200,000) (11,700,000)
Issued in connection with share-based compensation plans and other (in shares) 2,800,000 2,800,000 2,100,000
Balance (in shares) 158,700,000 156,300,000 161,700,000
v3.25.4
Equity - Narrative (Details)
shares in Millions, $ in Millions, ₡ in Billions
 12 Months Ended
Feb. 18, 2026
USD ($)
Jan. 29, 2027
USD ($)
Rate
Jan. 29, 2027
CRC (₡)
Rate
Dec. 31, 2025
USD ($)
$ / shares
vote
shares
Dec. 31, 2024
USD ($)
Jan. 30, 2026
Rate
Class of Stock [Line Items]            
Stock repurchased program, remaining authorized repurchase amount       $ 200.0    
Capped call option contracts included in additional paid-in capital       0.5 $ 14.6  
Liberty Costa Rica | Subsequent Event | Payment One            
Class of Stock [Line Items]            
Payments to acquire equity method investments $ 53.0          
Liberty Costa Rica | Forecast | Subsequent Event            
Class of Stock [Line Items]            
Ownership interest percentage           8.50%
Payments to acquire equity method investments   $ 84.0        
Percent of payments due at closing | Rate           62.50%
Percent of payments due after closing | Rate   37.50% 37.50%      
Liberty Costa Rica | Forecast | Subsequent Event | Payment One            
Class of Stock [Line Items]            
Payments to acquire equity method investments   $ 44.0 ₡ 22      
Liberty Costa Rica | Forecast | Subsequent Event | Payment Two            
Class of Stock [Line Items]            
Payments to acquire equity method investments   $ 40.0        
Additional paid-in capital            
Class of Stock [Line Items]            
Capped call option contracts included in additional paid-in capital       $ (4.7) 14.6  
Class A            
Class of Stock [Line Items]            
Number of votes per share | vote       1    
Capped call premium payment         1.7  
Class B            
Class of Stock [Line Items]            
Number of votes per share | vote       10    
Conversion ratio       1    
Class C            
Class of Stock [Line Items]            
Number of votes per share | vote       0    
Number of votes per share when required by law | $ / shares       0.01    
Capped call premium payment         $ 4.3  
Common Class A And Common Class C            
Class of Stock [Line Items]            
Treasury stock, acquired (in shares) | shares       0.6    
v3.25.4
Equity - Schedule of Repurchase Agreements (Details) - USD ($)
$ in Millions
May 07, 2024
May 08, 2023
Feb. 22, 2022
Common Class A And Common Class C      
Class of Stock [Line Items]      
Stock repurchased program authorized amount $ 200 $ 200 $ 200
v3.25.4
Share-based Compensation and Other Employee Incentive Plan-related Expense - Narrative (Details)
$ in Millions
 1 Months Ended 3 Months Ended 9 Months Ended 12 Months Ended
Oct. 31, 2024
USD ($)
employee
Mar. 31, 2025
shares
Dec. 31, 2024
Sep. 30, 2024
Dec. 31, 2025
USD ($)
shares
Dec. 31, 2024
USD ($)
shares
Dec. 31, 2023
USD ($)
Dec. 31, 2022
shares
Dec. 31, 2021
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                  
Share-based compensation and other Employee Incentive Plan-related expense | $         $ 75.0 $ 84.0 $ 88.7    
Total compensation expense not yet recognized | $         $ 77.0        
Weighted average period remaining for expense recognition         1 year 7 months 6 days        
Share-based compensation expense | $ $ 14.0       $ 54.4 $ 73.0 88.7    
Number of grantees | employee 200                
SARs                  
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                  
Award expiration period     10 years 7 years          
PSUs | Chief Executive Officer                  
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                  
Granted (in shares)   200,000              
PSARs                  
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                  
Performance period         10 years        
Class B | PSUs | Chief Executive Officer                  
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                  
Granted (in shares)         200,000 200,000   600,000  
Class A | SARs                  
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                  
Granted (in shares)         2,000,000.0        
Class A | PSARs                  
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                  
Granted (in shares)         3,000,000 3,000,000      
Class C | SARs                  
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                  
Granted (in shares)         4,100,000        
Class C | PSARs                  
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                  
Granted (in shares)         6,000,000 6,000,000      
Employee Incentive Plan                  
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                  
Share authorized (in shares)         75,000,000        
Award expiration period       7 years          
Employee Incentive Plan | SARs                  
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                  
Award vesting rights         33.30%        
Award vesting period         3 years        
Award expiration period         10 years        
Employee Incentive Plan | RSUs                  
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                  
Award vesting rights         33.30%        
Award vesting period         3 years        
Employee Incentive Plan | LTVP and ESPP                  
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                  
Award vesting period                 3 years
Share-based compensation and other Employee Incentive Plan-related expense | $         $ 21.0 $ 14.0 $ 6.0    
Employee Incentive Plan | Class B                  
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                  
Share authorized (in shares)         10,000,000        
Nonemployee Director Incentive Plan                  
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                  
Share authorized (in shares)         5,000,000        
v3.25.4
Share-based Compensation and Other Employee Incentive Plan-related Expense - Schedule of Assumptions Used (Details) - USD ($)
$ / shares in Units, $ in Millions
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Assumptions used to estimate fair value of SARs and PSARs:      
Expected dividend yield 0.00% 0.00% 0.00%
SARs      
Assumptions used to estimate fair value of SARs and PSARs:      
Weighted average grant-date fair value per share of awards granted (in dollars per share) $ 3.92 $ 3.60 $ 4.31
RSUs      
Assumptions used to estimate fair value of SARs and PSARs:      
Weighted average grant-date fair value per share of awards granted (in dollars per share) 6.53 6.98 7.96
PSUs      
Assumptions used to estimate fair value of SARs and PSARs:      
Weighted average grant-date fair value per share of awards granted (in dollars per share) $ 0 $ 5.90 $ 8.00
LTVP      
Assumptions used to estimate fair value of SARs and PSARs:      
Cash used to settle equity awards (in millions) $ 13.0 $ 8.0 $ 6.0
Minimum      
Assumptions used to estimate fair value of SARs and PSARs:      
Risk-free interest rate 4.10% 4.20% 3.50%
Expected life 6 years 6 years 6 years
Expected volatility 45.00% 43.80% 42.10%
Maximum      
Assumptions used to estimate fair value of SARs and PSARs:      
Risk-free interest rate 4.30% 4.30% 4.20%
Expected life 10 years 10 years 10 years
Expected volatility 50.50% 48.30% 46.70%
v3.25.4
Share-based Compensation and Other Employee Incentive Plan-related Expense - Schedule ofSARs (Details) - SARs
$ / shares in Units, shares in Millions, $ in Millions
 12 Months Ended
Dec. 31, 2025
USD ($)
$ / shares
£ / shares
shares
Dec. 31, 2025
USD ($)
$ / shares
shares
Dec. 31, 2024
$ / shares
shares
Class A      
Number of shares      
Outstanding (in shares)   11.4  
Granted (in shares)   2.0  
Forfeited (in shares)   (0.9)  
Exercised (in shares)   0.0  
Outstanding (in shares)   12.5 11.4
Exercisable (in shares) 8.9 8.9  
Weighted average base price      
Outstanding (in dollars per share) | $ / shares $ 10.27 $ 10.27 $ 10.97
Granted (in dollars per share) | $ / shares   6.68  
Forfeited (in dollars per share) | $ / shares   11.24  
Exercised (in dollars per share) | £ / shares $ 6.88    
Outstanding (in dollars per share) | $ / shares   10.27 $ 10.97
Exercisable (in dollars per share) | $ / shares $ 11.75 $ 11.75  
Weighted average remaining contractual term, Outstanding   5 years 10 months 24 days  
Weighted average remaining contractual term, Exercisable   4 years 9 months 18 days  
Aggregate intrinsic value, Outstanding | $ $ 3.9 $ 3.9  
Aggregate intrinsic value, Exercisable | $   $ 1.0  
Class C      
Number of shares      
Outstanding (in shares)   22.9  
Granted (in shares)   4.1  
Forfeited (in shares)   (1.7)  
Exercised (in shares)   (0.3)  
Outstanding (in shares)   25.0 22.9
Exercisable (in shares) 17.7 17.7  
Weighted average base price      
Outstanding (in dollars per share) | $ / shares $ 10.29 $ 10.29 $ 10.97
Granted (in dollars per share) | $ / shares   6.65  
Forfeited (in dollars per share) | $ / shares   11.22  
Exercised (in dollars per share) | £ / shares $ 6.42    
Outstanding (in dollars per share) | $ / shares   10.29 $ 10.97
Exercisable (in dollars per share) | $ / shares $ 11.80 $ 11.80  
Weighted average remaining contractual term, Outstanding   5 years 10 months 24 days  
Weighted average remaining contractual term, Exercisable   4 years 9 months 18 days  
Aggregate intrinsic value, Outstanding | $ $ 8.0 $ 8.0  
Aggregate intrinsic value, Exercisable | $   $ 1.8  
v3.25.4
Share-based Compensation and Other Employee Incentive Plan-related Expense - Schedule of RSUs and PSUs (Details) - RSUs - $ / shares
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Weighted average grant-date fair value per share      
Granted (in dollars per share) $ 6.53 $ 6.98 $ 7.96
Class A      
Number of shares      
Outstanding (in shares) 2,200,000    
Granted (in shares) 1,300,000    
Forfeited (in shares) (200,000)    
Released from restrictions (in shares) (1,300,000)    
Outstanding (in shares) 2,000,000.0 2,200,000  
Weighted average grant-date fair value per share      
Outstanding (in dollars per shares) $ 7.64    
Granted (in dollars per share) 6.54    
Forfeited (in dollars per share) 7.04    
Released from restrictions (in dollars per share) 7.76    
Outstanding (in dollars per shares) $ 6.92 $ 7.64  
Weighted average remaining contractual term, in years      
Outstanding 2 years 2 months 12 days    
Class C      
Number of shares      
Outstanding (in shares) 4,500,000    
Granted (in shares) 2,800,000    
Forfeited (in shares) (300,000)    
Released from restrictions (in shares) (2,900,000)    
Outstanding (in shares) 4,100,000 4,500,000  
Weighted average grant-date fair value per share      
Outstanding (in dollars per shares) $ 7.65    
Granted (in dollars per share) 6.53    
Forfeited (in dollars per share) 7.04    
Released from restrictions (in dollars per share) 7.65    
Outstanding (in dollars per shares) $ 6.93 $ 7.65  
Weighted average remaining contractual term, in years      
Outstanding 2 years 2 months 12 days    
v3.25.4
Income Taxes - Schedule of Earnings (Loss) before Income Taxes (Details) - USD ($)
$ in Millions
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Income Taxes [Line Items]      
Domestic $ (105.7) $ (68.7) $ (90.9)
Foreign (547.1) (591.2) 28.5
Loss before income taxes (652.8) (659.9) $ (62.4)
Goodwill impairment charge   $ 515.7  
Goodwill, Impairment Loss, Statement of Income or Comprehensive Income [Extensible Enumeration]   Restructuring, Settlement and Impairment Provisions  
Liberty Puerto Rico      
Income Taxes [Line Items]      
Spectrum impairment charge $ 494.0    
Goodwill impairment charge   $ 515.7  
v3.25.4
Income Taxes - Schedule of Income Tax Benefit (Expense) (Details) - USD ($)
$ in Millions
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Current      
Current, Domestic $ 0.0 $ 0.0 $ 0.0
Current, Foreign (140.3) (129.1) (111.8)
Current, Total (140.3) (129.1) (111.8)
Deferred      
Deferred, Domestic 0.0 0.0 0.0
Deferred, Foreign 238.8 129.3 87.4
Deferred, Total 238.8 129.3 87.4
Domestic, Total 0.0 0.0 0.0
Foreign, Total 98.5 0.2 (24.4)
Total income tax benefit (expense) $ 98.5 $ 0.2 $ (24.4)
v3.25.4
Income Taxes - Schedule of Effective Income Tax Rate Reconciliation (Details) - USD ($)
$ in Millions
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Amount      
Computed expected tax benefit $ 97.9 $ 0.0 $ 0.0
Changes in valuation allowances (15.9) 171.8 161.5
Statutory income tax rate differential   (232.8) (88.2)
Other   1.4 (2.7)
Tax credits   (14.6) (18.3)
Worldwide changes in unrecognized tax benefits 7.0    
Total income tax benefit (expense) $ 98.5 $ 0.2 $ (24.4)
Percent      
Bermuda federal statutory income tax rate (15.00%)    
Changes in valuation allowances 2.40%    
Worldwide changes in unrecognized tax benefits (1.10%)    
Effective income tax rate (15.10%)    
Barbados      
Amount      
Statutory income tax rate differential $ 8.2    
Other $ 0.4    
Percent      
Statutory income tax rate differential (1.30%)    
Other (0.10%)    
Colombia      
Amount      
Other $ (6.2)    
Percent      
Other 0.90%    
Costa Rica      
Amount      
Statutory income tax rate differential $ (10.8)    
Other (1.3)    
Net nondeductible acquisition debt interest and FX $ (8.5)    
Percent      
Statutory income tax rate differential 1.70%    
Other 0.20%    
Net nondeductible acquisition debt interest and FX 1.30%    
Curacao      
Amount      
Changes in valuation allowances $ 26.8    
Other $ (3.3)    
Percent      
Changes in valuation allowances (4.10%)    
Other 0.50%    
Jamaica      
Amount      
Changes in valuation allowances $ 4.9    
Statutory income tax rate differential (9.8)    
Other (2.7)    
Nontaxable capital gains 11.0    
Cross-border tax laws $ (8.8)    
Percent      
Changes in valuation allowances (0.80%)    
Statutory income tax rate differential 1.50%    
Other 0.40%    
Nontaxable capital gains (1.70%)    
Cross-border tax laws 1.30%    
Panama      
Amount      
Changes in valuation allowances $ 12.0    
Statutory income tax rate differential (6.2)    
Other $ (4.6)    
Percent      
Changes in valuation allowances (1.80%)    
Statutory income tax rate differential 0.90%    
Other 0.70%    
Puerto Rico      
Amount      
Changes in valuation allowances $ 49.9    
Statutory income tax rate differential 143.0    
Other – Change in deferred rate already enacted (50.4)    
Other (21.4)    
Nontaxable capital gains (6.8)    
Cross-border tax laws (10.0)    
Tax credits $ (19.7)    
Percent      
Changes in valuation allowances (7.60%)    
Statutory income tax rate differential (21.90%)    
Other – Change in deferred rate already enacted 7.70%    
Other 3.30%    
Nontaxable capital gains 1.00%    
Cross-border tax laws 1.50%    
Tax credits 3.00%    
Spain      
Amount      
Statutory income tax rate differential $ 5.1    
Other (4.3)    
Nondeductible investment losses $ (8.5)    
Percent      
Statutory income tax rate differential (0.80%)    
Other 0.70%    
Nondeductible investment losses 1.30%    
United Kingdom      
Amount      
Changes in valuation allowances $ (67.9)    
Statutory income tax rate differential 25.0    
Other $ 15.0    
Percent      
Changes in valuation allowances 10.40%    
Statutory income tax rate differential (3.80%)    
Other (2.30%)    
United States      
Amount      
Changes in valuation allowances $ (9.8)    
Other 4.1    
Cross-border tax laws (36.5)    
Tax credits (8.9)    
Nondeductible compensation expenses $ (5.0)    
Percent      
Changes in valuation allowances 1.50%    
Other (0.60%)    
Cross-border tax laws 5.60%    
Tax credits 1.40%    
Nondeductible compensation expenses 0.80%    
Venezuela      
Amount      
Changes in valuation allowances $ (7.6)    
Other $ 5.3    
Percent      
Changes in valuation allowances 1.20%    
Other (0.80%)    
Other foreign jurisdictions      
Amount      
Statutory income tax rate differential $ (13.6)    
Percent      
Statutory income tax rate differential 2.10%    
v3.25.4
Income Taxes - Schedule of Effective Income Tax Rate Reconciliation (Details) - USD ($)
$ in Millions
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Income Tax Disclosure [Abstract]      
Computed expected tax benefit $ 97.9 $ 0.0 $ 0.0
Permanent differences   (18.4) (49.3)
Basis and other differences in the treatment of items associated with investments in Liberty Latin America entities   0.6 1.5
Increases in valuation allowances 15.9 (171.8) (161.5)
Expiration of deferred tax assets with full valuation allowance   (14.7) (12.3)
International rate differences   232.8 88.2
Changes in uncertain tax positions   3.7 (0.4)
Enacted tax law and rate changes   27.9 128.4
Effect of non-deductible goodwill impairments   (47.9) 0.0
Effect of tax credits   14.6 18.3
Withholding and capital gains taxes   (25.2) (40.0)
Other, net   (1.4) 2.7
Total income tax benefit (expense) $ 98.5 $ 0.2 $ (24.4)
v3.25.4
Income Taxes - Schedule of Net Deferred Tax Liability (Details) - USD ($)
$ in Millions
Dec. 31, 2025
Dec. 31, 2024
Income Tax Disclosure [Abstract]    
Deferred tax assets $ 204.0 $ 133.0
Deferred tax liabilities (411.6) (580.3)
Net deferred tax liability $ (207.6) $ (447.3)
v3.25.4
Income Taxes - Schedule of Deferred Tax Assets and Liabilities (Details) - USD ($)
$ in Millions
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Deferred tax assets:        
Net operating losses, tax credits and other carryforwards $ 2,571.1 $ 2,516.0    
Deferred revenue 79.0 88.0    
Unrealized gains and losses 4.6 9.4    
Accrued expenses 2.9 16.0    
Other future deductible amounts 0.0 0.1    
Deferred tax assets 2,657.6 2,629.5    
Valuation allowance (2,204.8) (2,115.8) $ (1,942.5) $ (1,780.4)
Deferred tax assets, net of valuation allowance 452.8 513.7    
Deferred tax liabilities:        
Investments (158.6) (122.6)    
Intangible assets, net (339.7) (630.3)    
Property and equipment, net (161.0) (208.1)    
Un-remitted foreign earnings (0.6) 0.0    
Other future taxable amounts (0.5) 0.0    
Deferred tax liabilities (660.4) (961.0)    
Net deferred tax liability $ (207.6) $ (447.3)    
v3.25.4
Income Taxes - Schedule of Changes in Valuation Allowance (Details) - USD ($)
$ in Millions
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Valuation Allowance [Roll Forward]      
Balance at beginning of period $ 2,115.8 $ 1,942.5 $ 1,780.4
Balance at end of period 2,204.8 2,115.8 1,942.5
Net tax expense related to operations      
Valuation Allowance [Roll Forward]      
Changes in valuation allowances 88.0 171.8 161.5
Translation adjustments      
Valuation Allowance [Roll Forward]      
Changes in valuation allowances 0.2 (0.6) (1.1)
Business acquisitions and other      
Valuation Allowance [Roll Forward]      
Changes in valuation allowances $ 0.8 $ 2.1 $ 1.7
v3.25.4
Income Taxes - Schedule of Tax Loss Carryforwards and Related Tax Assets (Details)
$ in Millions
Dec. 31, 2025
USD ($)
Operating Loss Carryforwards [Line Items]  
Tax loss carryforward $ 8,651.9
Related tax asset 2,037.2
United Kingdom  
Operating Loss Carryforwards [Line Items]  
Tax loss carryforward 1,335.5
Related tax asset 333.9
Puerto Rico  
Operating Loss Carryforwards [Line Items]  
Tax loss carryforward 700.8
Related tax asset 154.7
Bermuda  
Operating Loss Carryforwards [Line Items]  
Tax loss carryforward 516.1
Related tax asset 77.4
Barbados  
Operating Loss Carryforwards [Line Items]  
Tax loss carryforward 501.4
Related tax asset 45.1
Jamaica  
Operating Loss Carryforwards [Line Items]  
Tax loss carryforward 352.2
Related tax asset 117.3
Curacao  
Operating Loss Carryforwards [Line Items]  
Tax loss carryforward 110.0
Related tax asset 24.2
U.S.  
Operating Loss Carryforwards [Line Items]  
Tax loss carryforward 53.7
Related tax asset 12.5
U.S. Virgin Islands  
Operating Loss Carryforwards [Line Items]  
Tax loss carryforward 43.5
Related tax asset 10.0
Saint Martin  
Operating Loss Carryforwards [Line Items]  
Tax loss carryforward 23.2
Related tax asset 4.6
Venezuela  
Operating Loss Carryforwards [Line Items]  
Tax loss carryforward 22.4
Related tax asset 7.6
Panama  
Operating Loss Carryforwards [Line Items]  
Tax loss carryforward 8.8
Related tax asset 2.2
Other  
Operating Loss Carryforwards [Line Items]  
Tax loss carryforward 26.2
Related tax asset 8.2
Capital Loss Carryforward | United Kingdom  
Operating Loss Carryforwards [Line Items]  
Tax loss carryforward 4,958.1
Related tax asset $ 1,239.5
v3.25.4
Income Taxes - Narrative (Details) - USD ($)
$ in Millions
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Income Taxes [Line Items]      
Valuation allowance of net operating loss carryforwards $ 1,895    
Tax credit carryforward, valuation allowance 13    
Income tax penalties and interest expense (benefit) 4 $ 3 $ 12
Accrued interest and penalties on tax related items $ 26 22  
Liberty Puerto Rico      
Income Taxes [Line Items]      
Impairment, Intangible Asset, Finite-Lived, Statement of Income or Comprehensive Income [Extensible Enumeration] Restructuring, Settlement and Impairment Provisions    
United States      
Income Taxes [Line Items]      
Valuation allowance of net operating loss carryforwards $ 13    
Tax credit carryforwards 21 10  
Puerto Rico      
Income Taxes [Line Items]      
Tax credit carryforwards $ 49 $ 50  
v3.25.4
Income Taxes - Schedule of Unrecognized Tax Benefits (Details) - USD ($)
$ in Millions
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Unrecognized Tax Benefits [Roll Forward]      
Balance at January 1 $ 18.3 $ 25.5 $ 37.6
Additions for tax positions of prior years 7.4 2.5 0.7
Additions based on tax positions related to the current year 0.0 0.0 6.0
Lapse of statute of limitations (1.5) (2.7) (1.4)
Decrease for settlement with tax authorities 0.0 (2.9) 0.0
Reductions for tax positions of prior years (7.2) (4.1) (17.4)
Balance at December 31 $ 17.0 $ 18.3 $ 25.5
v3.25.4
Income Taxes - Schedule of Cash Taxes Paid (Details) - USD ($)
$ in Millions
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Foreign:      
Total $ 159.4 $ 144.9 $ 79.8
Costa Rica      
Foreign:      
Foreign 43.6    
Jamaica      
Foreign:      
Foreign 12.9    
Panama      
Foreign:      
Foreign 14.3    
United Kingdom      
Foreign:      
Foreign (9.8)    
United States      
Foreign:      
Foreign 46.9    
Other      
Foreign:      
Foreign $ 51.5    
v3.25.4
Earnings or Loss per Share - Schedule of Earnings Per Share, Basic and Diluted (Details) - USD ($)
$ / shares in Units, shares in Millions, $ in Millions
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Numerator:      
Net loss attributable to Liberty Latin America shareholders - basic $ (611.2) $ (689.4) $ (73.6)
Net loss attributable to Liberty Latin America shareholders - diluted $ (611.2) $ (689.4) $ (73.6)
Denominator:      
Weighted average shares - basic (in shares) 199.5 198.4 210.0
Weighted average shares outstanding - dilutive (in shares) 199.5 198.4 210.0
Basic net loss per share attributable to Liberty Latin America shareholders (in dollars per share) $ (3.06) $ (3.47) $ (0.35)
Diluted net loss per share attributable to Liberty Latin America shareholders (in dollars per share) $ (3.06) $ (3.47) $ (0.35)
v3.25.4
Earnings or Loss per Share (Details) - shares
shares in Millions
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Outstanding options, SARs and RSUs      
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]      
Securities excluded (in shares) 44.5 41.9 37.7
Outstanding PSUs and PSARs      
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]      
Securities excluded (in shares) 8.6 8.6 8.7
LTVP and ESPP      
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]      
Securities excluded (in shares) 6.5 6.4 3.6
Aggregate number of shares potentially issuable under our Convertible Notes (if-converted method)      
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]      
Securities excluded (in shares) 0.0 0.0 10.7
v3.25.4
Accumulated Other Comprehensive Earnings or Loss - Changes in Components of Accumulated Other Comprehensive Earnings (Loss) (Details) - USD ($)
$ in Millions
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]      
Beginning balance $ 1,593.6 $ 2,309.7 $ 2,556.7
Other comprehensive earnings (loss) 31.2 44.1 (47.7)
Ending balance 1,063.5 1,593.6 2,309.7
Total accumulated other comprehensive loss      
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]      
Beginning balance (163.8) (207.9) (160.2)
Ending balance (132.6) (163.8) (207.9)
Accumulated other comprehensive loss      
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]      
Beginning balance (154.2) (198.0) (149.2)
Other comprehensive earnings (loss) 29.6 43.8 (48.8)
Ending balance (124.6) (154.2) (198.0)
Foreign currency translation adjustments      
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]      
Beginning balance (33.2) (58.8) (83.7)
Other comprehensive earnings (loss) 33.2 25.6 24.9
Ending balance 0.0 (33.2) (58.8)
Pension- related adjustments and other      
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]      
Beginning balance (121.0) (139.2) (65.5)
Other comprehensive earnings (loss) (3.6) 18.2 (73.7)
Ending balance (124.6) (121.0) (139.2)
Non-controlling interests      
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]      
Beginning balance (9.6) (9.9) (11.0)
Other comprehensive earnings (loss) 1.6 0.3 1.1
Ending balance $ (8.0) $ (9.6) $ (9.9)
v3.25.4
Accumulated Other Comprehensive Earnings or Loss - Components of Other Comprehensive Earnings (Loss) (Details) - USD ($)
$ in Millions
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Accumulated Other Comprehensive Income (Loss) [Line Items]      
Other comprehensive earning (loss), pre-tax amount $ 30.9 $ 44.1 $ (47.7)
Other comprehensive earnings (loss), tax benefit (expense) 0.3 0.0 0.0
Other comprehensive earnings (loss) 31.2 44.1 (47.7)
Other comprehensive loss attributable to noncontrolling interests, pre tax (1.6) (0.3) (1.1)
Other comprehensive loss attributable to noncontrolling interests, tax 0.0 0.0 0.0
Other comprehensive loss attributable to noncontrolling interests, net (1.6) (0.3) (1.1)
Other comprehensive earnings (loss) attributable to Liberty Latin America shareholders, pre-tax 29.3 43.8 (48.8)
Other comprehensive earnings (loss) attributable to Liberty Latin America shareholders, tax 0.3 0.0 0.0
Other comprehensive earnings (loss) attributable to Liberty Latin America shareholders, net 29.6 43.8 (48.8)
Foreign currency translation adjustments      
Accumulated Other Comprehensive Income (Loss) [Line Items]      
Other comprehensive earning (loss), pre-tax amount 34.7 25.9 25.9
Other comprehensive earnings (loss), tax benefit (expense) 0.0 0.0 0.0
Other comprehensive earnings (loss) 34.7 25.9 25.9
Pension-related adjustments and other      
Accumulated Other Comprehensive Income (Loss) [Line Items]      
Other comprehensive earning (loss), pre-tax amount (3.8) 18.2 (73.6)
Other comprehensive earnings (loss), tax benefit (expense) 0.3 0.0 0.0
Other comprehensive earnings (loss) $ (3.5) $ 18.2 $ (73.6)
v3.25.4
Segment Reporting - Narrative (Details)
 12 Months Ended
Dec. 31, 2025
Segment Reporting, Measurement Disclosures [Abstract]  
Percentage of minority interest revenues and adjusted OIBDA from consolidated statements of operations included In net earnings attributable to noncontrolling interest 100.00%
Percentage of minority interest revenues and expenses included in net earnings attributable to noncontrolling interest 100.00%
v3.25.4
Segment Reporting - Schedule of Performance Measures (Details) - USD ($)
$ in Millions
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Segment Reporting Information [Line Items]      
Revenue $ 4,442.2 $ 4,446.8 $ 4,511.1
Operating Segments      
Segment Reporting Information [Line Items]      
Revenue 4,540.9 4,537.0 4,598.5
Adjusted OIBDA 1,819.1 1,655.0 1,774.7
Operating Segments | Liberty Caribbean      
Segment Reporting Information [Line Items]      
Revenue 1,455.0 1,462.8 1,437.0
Adjusted OIBDA 672.9 633.3 596.9
Operating Segments | C&W Panama      
Segment Reporting Information [Line Items]      
Revenue 783.5 763.2 742.6
Adjusted OIBDA 298.9 269.7 227.7
Operating Segments | Liberty Networks      
Segment Reporting Information [Line Items]      
Revenue 471.0 447.5 453.3
Adjusted OIBDA 258.4 242.7 261.5
Operating Segments | Liberty Puerto Rico      
Segment Reporting Information [Line Items]      
Revenue 1,199.2 1,250.4 1,417.7
Adjusted OIBDA 353.4 279.8 485.5
Operating Segments | Liberty Costa Rica      
Segment Reporting Information [Line Items]      
Revenue 632.2 613.1 547.9
Adjusted OIBDA 235.5 229.5 203.1
Corporate      
Segment Reporting Information [Line Items]      
Revenue 14.9 19.6 23.5
Adjusted OIBDA (112.8) (89.8) (73.1)
Intersegment eliminations      
Segment Reporting Information [Line Items]      
Revenue $ (113.6) $ (109.8) $ (110.9)
v3.25.4
Segment Reporting - Schedule of Reconciliation of Operating Cash Flow to Earnings from Continuing Operations (Details) - USD ($)
$ in Millions
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Segment Reporting, Measurement Disclosures [Abstract]      
Share-based compensation and other Employee Incentive Plan-related expense $ (75.0) $ (84.0) $ (88.7)
Depreciation and amortization (904.9) (968.3) (1,008.3)
Impairment, restructuring and other operating items, net (618.2) (589.7) (86.9)
Operating income (loss) 108.2 (76.8) 517.7
Interest expense (656.4) (627.7) (601.7)
Realized and unrealized gains (losses) on derivative instruments, net (20.0) 82.1 (34.2)
Foreign currency transaction gains (losses), net (42.7) (18.3) 70.3
Losses on debt extinguishments, net (14.4) (5.5) (3.9)
Other expense, net (27.5) (13.7) (10.6)
Loss before income taxes $ (652.8) $ (659.9) $ (62.4)
v3.25.4
Segment Reporting - Schedule of Cost of Goods and Services Sold (Details) - USD ($)
$ in Millions
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Other Income and Expenses [Line Items]      
Total programming and other direct costs of services $ 975.9 $ 989.4 $ 1,020.4
Programming and copyright      
Other Income and Expenses [Line Items]      
Total programming and other direct costs of services 224.6 233.6 237.2
Interconnect      
Other Income and Expenses [Line Items]      
Total programming and other direct costs of services 262.6 278.3 302.5
Equipment      
Other Income and Expenses [Line Items]      
Total programming and other direct costs of services 330.3 315.9 320.6
Project-related and other      
Other Income and Expenses [Line Items]      
Total programming and other direct costs of services $ 158.4 $ 161.6 $ 160.1
v3.25.4
Segment Reporting - Schedule of Other Operating Cost and Expense (Details) - USD ($)
$ in Millions
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Segment Reporting, Measurement Disclosures [Abstract]      
Personnel and contract labor $ 558.6 $ 579.2 $ 557.6
Network-related 215.9 237.2 259.0
Service-related 252.7 267.2 227.6
Commercial 179.6 189.6 181.1
Facility, provision, franchise and other 553.2 619.0 563.8
Share-based compensation and other Employee Incentive Plan-related expense 75.0 84.0 88.7
Total other operating costs and expenses $ 1,835.0 $ 1,976.2 $ 1,877.8
v3.25.4
Segment Reporting - Schedule of Property and Equipment Additions of our Reportable Segments (Details) - USD ($)
$ in Millions
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Segment Reporting Information [Line Items]      
Total property and equipment additions $ 640.1 $ 725.3 $ 730.9
Assets acquired under capital-related vendor financing arrangements (123.9) (154.9) (143.8)
Assets acquired under capital leases (4.9) 0.0 0.0
Changes in current liabilities related to capital expenditures and other (11.3) (30.0) (2.1)
Total capital expenditures, net 500.0 540.4 585.0
Operating Segments | Liberty Caribbean      
Segment Reporting Information [Line Items]      
Total property and equipment additions 207.5 226.9 235.1
Operating Segments | C&W Panama      
Segment Reporting Information [Line Items]      
Total property and equipment additions 104.1 104.8 117.0
Operating Segments | Liberty Networks      
Segment Reporting Information [Line Items]      
Total property and equipment additions 75.5 49.3 47.6
Operating Segments | Liberty Puerto Rico      
Segment Reporting Information [Line Items]      
Total property and equipment additions 143.3 220.9 219.0
Operating Segments | Liberty Costa Rica      
Segment Reporting Information [Line Items]      
Total property and equipment additions 86.1 81.4 75.3
Corporate      
Segment Reporting Information [Line Items]      
Total property and equipment additions $ 23.6 $ 42.0 $ 36.9
v3.25.4
Segment Reporting - Schedule of Geographic Segments (Details) - USD ($)
$ in Millions
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Segment Reporting Information [Line Items]      
Revenue $ 4,442.2 $ 4,446.8 $ 4,511.1
Long-lived assets 3,847.8 4,062.4  
Puerto Rico      
Segment Reporting Information [Line Items]      
Revenue 1,129.2 1,187.8 1,354.5
Long-lived assets 992.7 1,078.1  
Panama      
Segment Reporting Information [Line Items]      
Revenue 780.6 760.1 739.7
Long-lived assets 420.6 427.7  
Costa Rica      
Segment Reporting Information [Line Items]      
Revenue 631.2 612.2 547.1
Long-lived assets 309.6 301.7  
Jamaica      
Segment Reporting Information [Line Items]      
Revenue 409.0 415.2 405.7
Long-lived assets 313.7 373.8  
Networks & Latam      
Segment Reporting Information [Line Items]      
Revenue 377.6 357.0 364.6
Long-lived assets 594.8 586.3  
The Bahamas      
Segment Reporting Information [Line Items]      
Revenue 190.8 205.3 193.4
Long-lived assets 238.2 270.8  
Trinidad and Tobago      
Segment Reporting Information [Line Items]      
Revenue 149.3 154.9 156.5
Long-lived assets 175.4 196.7  
Barbados      
Segment Reporting Information [Line Items]      
Revenue 171.4 163.8 157.6
Long-lived assets 134.9 138.6  
Other      
Segment Reporting Information [Line Items]      
Revenue 603.1 590.5 $ 592.0
Long-lived assets $ 667.9 $ 688.7  
v3.25.4
Segment Reporting - Schedule of Revenue by Major Category (Details) - USD ($)
$ in Millions
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Principal Transaction Revenue [Line Items]      
Revenue $ 4,442.2 $ 4,446.8 $ 4,511.1
Total residential revenue      
Principal Transaction Revenue [Line Items]      
Revenue 3,005.1 2,972.4 3,014.2
Total residential fixed revenue      
Principal Transaction Revenue [Line Items]      
Revenue 1,289.2 1,311.6 1,299.2
Subscription revenue      
Principal Transaction Revenue [Line Items]      
Revenue 1,199.7 1,220.1 1,227.0
Non-subscription revenue      
Principal Transaction Revenue [Line Items]      
Revenue 89.5 91.5 72.2
Total residential mobile revenue      
Principal Transaction Revenue [Line Items]      
Revenue 1,715.9 1,660.8 1,715.0
Service revenue      
Principal Transaction Revenue [Line Items]      
Revenue 1,256.4 1,223.8 1,231.7
Interconnect, inbound roaming ,equipment sales and other      
Principal Transaction Revenue [Line Items]      
Revenue 459.5 437.0 483.3
B2B revenue      
Principal Transaction Revenue [Line Items]      
Revenue 1,410.2 1,440.8 1,456.4
Other revenue      
Principal Transaction Revenue [Line Items]      
Revenue 26.9 33.6 40.5
Mobile Handsetand Other Devices      
Principal Transaction Revenue [Line Items]      
Revenue 248.0 216.0 259.0
B2B Mobile Handset and Other Devices      
Principal Transaction Revenue [Line Items]      
Revenue 26.0 24.0 26.0
Liberty Networks, Other      
Principal Transaction Revenue [Line Items]      
Revenue 94.0 91.0 89.0
Operating Segments      
Principal Transaction Revenue [Line Items]      
Revenue 4,540.9 4,537.0 4,598.5
Operating Segments | Liberty Caribbean      
Principal Transaction Revenue [Line Items]      
Revenue 1,455.0 1,462.8 1,437.0
Operating Segments | Liberty Caribbean | Total residential revenue      
Principal Transaction Revenue [Line Items]      
Revenue 952.5 946.0 925.6
Operating Segments | Liberty Caribbean | Total residential fixed revenue      
Principal Transaction Revenue [Line Items]      
Revenue 504.6 514.2 516.5
Operating Segments | Liberty Caribbean | Subscription revenue      
Principal Transaction Revenue [Line Items]      
Revenue 484.4 486.2 487.5
Operating Segments | Liberty Caribbean | Non-subscription revenue      
Principal Transaction Revenue [Line Items]      
Revenue 20.2 28.0 29.0
Operating Segments | Liberty Caribbean | Total residential mobile revenue      
Principal Transaction Revenue [Line Items]      
Revenue 447.9 431.8 409.1
Operating Segments | Liberty Caribbean | Service revenue      
Principal Transaction Revenue [Line Items]      
Revenue 364.3 352.3 330.3
Operating Segments | Liberty Caribbean | Interconnect, inbound roaming ,equipment sales and other      
Principal Transaction Revenue [Line Items]      
Revenue 83.6 79.5 78.8
Operating Segments | Liberty Caribbean | B2B revenue      
Principal Transaction Revenue [Line Items]      
Revenue 502.5 516.8 511.4
Operating Segments | Liberty Caribbean | Other revenue      
Principal Transaction Revenue [Line Items]      
Revenue 0.0 0.0 0.0
Operating Segments | C&W Panama      
Principal Transaction Revenue [Line Items]      
Revenue 783.5 763.2 742.6
Operating Segments | C&W Panama | Total residential revenue      
Principal Transaction Revenue [Line Items]      
Revenue 478.6 460.5 434.6
Operating Segments | C&W Panama | Total residential fixed revenue      
Principal Transaction Revenue [Line Items]      
Revenue 122.4 127.3 122.0
Operating Segments | C&W Panama | Subscription revenue      
Principal Transaction Revenue [Line Items]      
Revenue 117.3 122.3 116.5
Operating Segments | C&W Panama | Non-subscription revenue      
Principal Transaction Revenue [Line Items]      
Revenue 5.1 5.0 5.5
Operating Segments | C&W Panama | Total residential mobile revenue      
Principal Transaction Revenue [Line Items]      
Revenue 356.2 333.2 312.6
Operating Segments | C&W Panama | Service revenue      
Principal Transaction Revenue [Line Items]      
Revenue 290.7 272.2 260.6
Operating Segments | C&W Panama | Interconnect, inbound roaming ,equipment sales and other      
Principal Transaction Revenue [Line Items]      
Revenue 65.5 61.0 52.0
Operating Segments | C&W Panama | B2B revenue      
Principal Transaction Revenue [Line Items]      
Revenue 304.9 302.7 308.0
Operating Segments | C&W Panama | Other revenue      
Principal Transaction Revenue [Line Items]      
Revenue 0.0 0.0 0.0
Operating Segments | Liberty Networks      
Principal Transaction Revenue [Line Items]      
Revenue 471.0 447.5 453.3
Operating Segments | Liberty Networks | Total residential revenue      
Principal Transaction Revenue [Line Items]      
Revenue 0.0 0.0 0.0
Operating Segments | Liberty Networks | Total residential fixed revenue      
Principal Transaction Revenue [Line Items]      
Revenue 0.0 0.0 0.0
Operating Segments | Liberty Networks | Subscription revenue      
Principal Transaction Revenue [Line Items]      
Revenue 0.0 0.0 0.0
Operating Segments | Liberty Networks | Non-subscription revenue      
Principal Transaction Revenue [Line Items]      
Revenue 0.0 0.0 0.0
Operating Segments | Liberty Networks | Total residential mobile revenue      
Principal Transaction Revenue [Line Items]      
Revenue 0.0 0.0 0.0
Operating Segments | Liberty Networks | Service revenue      
Principal Transaction Revenue [Line Items]      
Revenue 0.0 0.0 0.0
Operating Segments | Liberty Networks | Interconnect, inbound roaming ,equipment sales and other      
Principal Transaction Revenue [Line Items]      
Revenue 0.0 0.0 0.0
Operating Segments | Liberty Networks | B2B revenue      
Principal Transaction Revenue [Line Items]      
Revenue 471.0 447.5 453.3
Operating Segments | Liberty Networks | Other revenue      
Principal Transaction Revenue [Line Items]      
Revenue 0.0 0.0 0.0
Operating Segments | Liberty Puerto Rico      
Principal Transaction Revenue [Line Items]      
Revenue 1,199.2 1,250.4 1,417.7
Operating Segments | Liberty Puerto Rico | Total residential revenue      
Principal Transaction Revenue [Line Items]      
Revenue 997.9 1,010.1 1,152.9
Operating Segments | Liberty Puerto Rico | Total residential fixed revenue      
Principal Transaction Revenue [Line Items]      
Revenue 493.7 497.8 504.2
Operating Segments | Liberty Puerto Rico | Subscription revenue      
Principal Transaction Revenue [Line Items]      
Revenue 469.7 474.5 478.7
Operating Segments | Liberty Puerto Rico | Non-subscription revenue      
Principal Transaction Revenue [Line Items]      
Revenue 24.0 23.3 25.5
Operating Segments | Liberty Puerto Rico | Total residential mobile revenue      
Principal Transaction Revenue [Line Items]      
Revenue 504.2 512.3 648.7
Operating Segments | Liberty Puerto Rico | Service revenue      
Principal Transaction Revenue [Line Items]      
Revenue 306.4 323.3 398.7
Operating Segments | Liberty Puerto Rico | Interconnect, inbound roaming ,equipment sales and other      
Principal Transaction Revenue [Line Items]      
Revenue 197.8 189.0 250.0
Operating Segments | Liberty Puerto Rico | B2B revenue      
Principal Transaction Revenue [Line Items]      
Revenue 174.4 206.7 224.3
Operating Segments | Liberty Puerto Rico | Other revenue      
Principal Transaction Revenue [Line Items]      
Revenue 26.9 33.6 40.5
Operating Segments | Liberty Costa Rica      
Principal Transaction Revenue [Line Items]      
Revenue 632.2 613.1 547.9
Operating Segments | Liberty Costa Rica | Total residential revenue      
Principal Transaction Revenue [Line Items]      
Revenue 563.3 537.2 480.9
Operating Segments | Liberty Costa Rica | Total residential fixed revenue      
Principal Transaction Revenue [Line Items]      
Revenue 168.5 172.3 158.6
Operating Segments | Liberty Costa Rica | Subscription revenue      
Principal Transaction Revenue [Line Items]      
Revenue 128.3 137.1 144.3
Operating Segments | Liberty Costa Rica | Non-subscription revenue      
Principal Transaction Revenue [Line Items]      
Revenue 40.2 35.2 14.3
Operating Segments | Liberty Costa Rica | Total residential mobile revenue      
Principal Transaction Revenue [Line Items]      
Revenue 394.8 364.9 322.3
Operating Segments | Liberty Costa Rica | Service revenue      
Principal Transaction Revenue [Line Items]      
Revenue 295.0 276.0 242.1
Operating Segments | Liberty Costa Rica | Interconnect, inbound roaming ,equipment sales and other      
Principal Transaction Revenue [Line Items]      
Revenue 99.8 88.9 80.2
Operating Segments | Liberty Costa Rica | B2B revenue      
Principal Transaction Revenue [Line Items]      
Revenue 68.9 75.9 67.0
Operating Segments | Liberty Costa Rica | Other revenue      
Principal Transaction Revenue [Line Items]      
Revenue 0.0 0.0 0.0
Corporate      
Principal Transaction Revenue [Line Items]      
Revenue 14.9 19.6 23.5
Corporate | Total residential revenue      
Principal Transaction Revenue [Line Items]      
Revenue 12.8 18.6 22.3
Corporate | Total residential fixed revenue      
Principal Transaction Revenue [Line Items]      
Revenue 0.0 0.0 0.0
Corporate | Subscription revenue      
Principal Transaction Revenue [Line Items]      
Revenue 0.0 0.0 0.0
Corporate | Non-subscription revenue      
Principal Transaction Revenue [Line Items]      
Revenue 0.0 0.0 0.0
Corporate | Total residential mobile revenue      
Principal Transaction Revenue [Line Items]      
Revenue 12.8 18.6 22.3
Corporate | Service revenue      
Principal Transaction Revenue [Line Items]      
Revenue 0.0 0.0 0.0
Corporate | Interconnect, inbound roaming ,equipment sales and other      
Principal Transaction Revenue [Line Items]      
Revenue 12.8 18.6 22.3
Corporate | B2B revenue      
Principal Transaction Revenue [Line Items]      
Revenue 2.1 1.0 1.2
Corporate | Other revenue      
Principal Transaction Revenue [Line Items]      
Revenue 0.0 0.0 0.0
Intersegment Eliminations      
Principal Transaction Revenue [Line Items]      
Revenue (113.6) (109.8) (110.9)
Intersegment Eliminations | Total residential revenue      
Principal Transaction Revenue [Line Items]      
Revenue 0.0 0.0 (2.1)
Intersegment Eliminations | Total residential fixed revenue      
Principal Transaction Revenue [Line Items]      
Revenue 0.0 0.0 (2.1)
Intersegment Eliminations | Subscription revenue      
Principal Transaction Revenue [Line Items]      
Revenue 0.0 0.0 0.0
Intersegment Eliminations | Non-subscription revenue      
Principal Transaction Revenue [Line Items]      
Revenue 0.0 0.0 (2.1)
Intersegment Eliminations | Total residential mobile revenue      
Principal Transaction Revenue [Line Items]      
Revenue 0.0 0.0 0.0
Intersegment Eliminations | Service revenue      
Principal Transaction Revenue [Line Items]      
Revenue 0.0 0.0 0.0
Intersegment Eliminations | Interconnect, inbound roaming ,equipment sales and other      
Principal Transaction Revenue [Line Items]      
Revenue 0.0 0.0 0.0
Intersegment Eliminations | B2B revenue      
Principal Transaction Revenue [Line Items]      
Revenue (113.6) (109.8) (108.8)
Intersegment Eliminations | Other revenue      
Principal Transaction Revenue [Line Items]      
Revenue $ 0.0 $ 0.0 $ 0.0
v3.25.4
Segment Reporting - Schedule of Segment Expenses (Details) - USD ($)
$ in Millions
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Segment Reporting Information [Line Items]      
Total programming and other direct costs of services $ 975.9 $ 989.4 $ 1,020.4
Other direct costs 158.4 161.6 160.1
Total significant programming and other direct costs of services 975.9 989.4 1,020.4
Personnel and contract labor 558.6 579.2 557.6
Network-related 215.9 237.2 259.0
Service-related 252.7 267.2 227.6
Commercial 179.6 189.6 181.1
Facility, provision, franchise and other 553.2 619.0 563.8
Operating Segments, Significant Operating Costs and Expenses 1,760.0 1,892.2 1,789.1
Total significant expenses 2,735.9 2,881.6 2,809.5
Programming and copyright      
Segment Reporting Information [Line Items]      
Total programming and other direct costs of services 224.6 233.6 237.2
Interconnect      
Segment Reporting Information [Line Items]      
Total programming and other direct costs of services 262.6 278.3 302.5
Equipment      
Segment Reporting Information [Line Items]      
Total programming and other direct costs of services 330.3 315.9 320.6
Operating Segments | Liberty Caribbean      
Segment Reporting Information [Line Items]      
Other direct costs 55.5 42.9 34.0
Total significant programming and other direct costs of services 219.6 222.5 229.7
Personnel and contract labor 191.6 201.3 202.5
Network-related 123.1 133.4 135.9
Service-related 69.7 70.6 76.5
Commercial 32.7 42.1 46.1
Facility, provision, franchise and other 145.4 159.6 149.4
Operating Segments, Significant Operating Costs and Expenses 562.5 607.0 610.4
Total significant expenses 782.1 829.5 840.1
Operating Segments | C&W Panama      
Segment Reporting Information [Line Items]      
Other direct costs 98.2 107.5 117.8
Total significant programming and other direct costs of services 241.7 249.2 253.0
Personnel and contract labor 71.8 78.8 81.7
Network-related 47.8 52.1 53.9
Service-related 21.1 19.3 17.2
Commercial 34.3 30.1 25.5
Facility, provision, franchise and other 67.9 64.0 83.6
Operating Segments, Significant Operating Costs and Expenses 242.9 244.3 261.9
Total significant expenses 484.6 493.5 514.9
Operating Segments | Liberty Networks      
Segment Reporting Information [Line Items]      
Other direct costs 17.4 15.7 18.8
Total significant programming and other direct costs of services 72.6 65.0 68.7
Personnel and contract labor 51.1 46.4 45.0
Network-related 46.2 47.9 45.7
Service-related 13.3 9.8 6.1
Commercial 2.2 1.4 1.7
Facility, provision, franchise and other 27.2 34.3 24.6
Operating Segments, Significant Operating Costs and Expenses 140.0 139.8 123.1
Total significant expenses 212.6 204.8 191.8
Operating Segments | Liberty Puerto Rico      
Segment Reporting Information [Line Items]      
Other direct costs 2.3 4.7 2.1
Total significant programming and other direct costs of services 340.3 349.6 387.4
Personnel and contract labor 145.4 164.1 154.9
Network-related 33.8 36.3 52.5
Service-related 87.5 119.7 79.5
Commercial 48.1 54.6 51.2
Facility, provision, franchise and other 190.7 246.3 206.7
Operating Segments, Significant Operating Costs and Expenses 505.5 621.0 544.8
Total significant expenses 845.8 970.6 932.2
Operating Segments | Liberty Costa Rica      
Segment Reporting Information [Line Items]      
Other direct costs 1.2 6.9 4.2
Total significant programming and other direct costs of services 136.7 136.8 120.2
Personnel and contract labor 33.5 32.0 32.2
Network-related 40.6 39.9 39.1
Service-related 25.5 25.3 25.1
Commercial 62.3 61.4 56.5
Facility, provision, franchise and other 98.1 88.2 71.7
Operating Segments, Significant Operating Costs and Expenses 260.0 246.8 224.6
Total significant expenses 396.7 383.6 344.8
Operating Segments | Programming and copyright | Liberty Caribbean      
Segment Reporting Information [Line Items]      
Total programming and other direct costs of services 64.5 64.2 71.5
Operating Segments | Programming and copyright | C&W Panama      
Segment Reporting Information [Line Items]      
Total programming and other direct costs of services 20.5 22.0 21.4
Operating Segments | Programming and copyright | Liberty Networks      
Segment Reporting Information [Line Items]      
Total programming and other direct costs of services 0.0 0.0 0.0
Operating Segments | Programming and copyright | Liberty Puerto Rico      
Segment Reporting Information [Line Items]      
Total programming and other direct costs of services 101.8 109.8 112.4
Operating Segments | Programming and copyright | Liberty Costa Rica      
Segment Reporting Information [Line Items]      
Total programming and other direct costs of services 37.8 37.6 33.1
Operating Segments | Interconnect | Liberty Caribbean      
Segment Reporting Information [Line Items]      
Total programming and other direct costs of services 61.4 65.4 75.2
Operating Segments | Interconnect | C&W Panama      
Segment Reporting Information [Line Items]      
Total programming and other direct costs of services 63.5 69.4 72.2
Operating Segments | Interconnect | Liberty Networks      
Segment Reporting Information [Line Items]      
Total programming and other direct costs of services 54.6 49.0 49.3
Operating Segments | Interconnect | Liberty Puerto Rico      
Segment Reporting Information [Line Items]      
Total programming and other direct costs of services 78.9 83.7 93.3
Operating Segments | Interconnect | Liberty Costa Rica      
Segment Reporting Information [Line Items]      
Total programming and other direct costs of services 23.0 28.4 33.1
Operating Segments | Equipment | Liberty Caribbean      
Segment Reporting Information [Line Items]      
Total programming and other direct costs of services 38.2 50.0 49.0
Operating Segments | Equipment | C&W Panama      
Segment Reporting Information [Line Items]      
Total programming and other direct costs of services 59.5 50.3 41.6
Operating Segments | Equipment | Liberty Networks      
Segment Reporting Information [Line Items]      
Total programming and other direct costs of services 0.6 0.3 0.6
Operating Segments | Equipment | Liberty Puerto Rico      
Segment Reporting Information [Line Items]      
Total programming and other direct costs of services 157.3 151.4 179.6
Operating Segments | Equipment | Liberty Costa Rica      
Segment Reporting Information [Line Items]      
Total programming and other direct costs of services 74.7 63.9 49.8
Corporate      
Segment Reporting Information [Line Items]      
Other direct costs 0.0 0.0 0.0
Total significant programming and other direct costs of services 0.0 0.0 0.0
Personnel and contract labor 63.4 56.6 41.4
Network-related 0.0 0.0 0.0
Service-related 39.9 25.0 23.2
Commercial 0.0 0.0 0.0
Facility, provision, franchise and other 24.4 27.8 32.4
Operating Segments, Significant Operating Costs and Expenses 127.7 109.4 97.0
Total significant expenses 127.7 109.4 97.0
Corporate | Programming and copyright      
Segment Reporting Information [Line Items]      
Total programming and other direct costs of services 0.0 0.0 0.0
Corporate | Interconnect      
Segment Reporting Information [Line Items]      
Total programming and other direct costs of services 0.0 0.0 0.0
Corporate | Equipment      
Segment Reporting Information [Line Items]      
Total programming and other direct costs of services 0.0 0.0 0.0
Intersegment eliminations      
Segment Reporting Information [Line Items]      
Other direct costs (16.2) (16.1) (16.8)
Total significant programming and other direct costs of services (35.0) (33.7) (38.6)
Personnel and contract labor 1.8 0.0 (0.1)
Network-related (75.6) (72.4) (68.1)
Service-related (4.3) (2.5) 0.0
Commercial 0.0 0.0 0.1
Facility, provision, franchise and other (0.5) (1.2) (4.6)
Operating Segments, Significant Operating Costs and Expenses (78.6) (76.1) (72.7)
Total significant expenses (113.6) (109.8) (111.3)
Intersegment eliminations | Programming and copyright      
Segment Reporting Information [Line Items]      
Total programming and other direct costs of services 0.0 0.0 (1.2)
Intersegment eliminations | Interconnect      
Segment Reporting Information [Line Items]      
Total programming and other direct costs of services (18.8) (17.6) (20.6)
Intersegment eliminations | Equipment      
Segment Reporting Information [Line Items]      
Total programming and other direct costs of services $ 0.0 $ 0.0 $ 0.0
v3.25.4
Parent Company Financial Information - Condensed Balance Sheets (Details) - USD ($)
$ in Millions
Dec. 31, 2025
Dec. 31, 2024
Current assets:    
Cash and cash equivalents $ 783.9 $ 654.3
Prepaid expenses 79.8 79.8
Other current assets, net 471.9 479.8
Total current assets 2,246.2 2,115.2
Total assets 12,225.9 12,783.7
Current liabilities:    
Other accrued and current liabilities 709.6 708.0
Total current liabilities 1,977.9 2,060.0
Other long-term liabilities 820.6 847.3
Total liabilities 11,162.4 11,190.1
Equity:    
Undesignated preference shares, $0.01 par value; 50.0 million shares authorized; nil shares issued and outstanding at each period 0.0 0.0
Treasury shares, at cost; 52.4 million and 51.8 million shares, respectively (448.9) (444.1)
Accumulated deficit (4,242.3) (3,631.1)
Accumulated other comprehensive loss, net of taxes (124.6) (154.2)
Total Liberty Latin America shareholders 555.6 1,088.6
Total liabilities and equity 12,225.9 12,783.7
Class A    
Equity:    
Common stock 0.5 0.5
Class B    
Equity:    
Common stock 0.0 0.0
Class C    
Equity:    
Common stock 2.0 1.9
Liberty Latin America Ltd.    
Current assets:    
Cash and cash equivalents 13.7 10.4
Other receivables – related-party 155.1 255.4
Prepaid expenses 1.0 1.0
Other current assets, net 0.0 0.2
Total current assets 169.8 267.0
Investments in consolidated subsidiaries 425.7 917.4
Total assets 595.5 1,184.4
Current liabilities:    
Related-party liabilities 32.7 92.7
Other accrued and current liabilities 5.8 3.1
Total current liabilities 38.5 95.8
Other long-term liabilities 1.4 0.0
Total liabilities 39.9 95.8
Equity:    
Total Liberty Latin America shareholders 555.6 1,088.6
Total liabilities and equity $ 595.5 $ 1,184.4
v3.25.4
Parent Company Financial Information - Condensed Balance Sheets - Narrative (Details) - $ / shares
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Condensed Financial Statements, Captions [Line Items]        
Treasury stock (in shares) 52,400,000 51,800,000    
Class A        
Condensed Financial Statements, Captions [Line Items]        
Common stock, par value (in dollars per share) $ 0.01 $ 0.01    
Common stock, shares authorized (in shares) 500,000,000.0 500,000,000.0    
Common stock, shares issued (in shares) 54,700,000 53,700,000    
Common stock, shares outstanding (in shares) 38,900,000 38,000,000.0 40,800,000 42,700,000
Class B        
Condensed Financial Statements, Captions [Line Items]        
Common stock, par value (in dollars per share) $ 0.01 $ 0.01    
Common stock, shares authorized (in shares) 50,000,000.0 50,000,000.0    
Common stock, shares issued (in shares) 2,400,000 2,400,000    
Common stock, shares outstanding (in shares) 2,400,000 2,400,000 2,200,000 2,100,000
Class C        
Condensed Financial Statements, Captions [Line Items]        
Common stock, par value (in dollars per share) $ 0.01 $ 0.01    
Common stock, shares authorized (in shares) 500,000,000.0 500,000,000.0    
Common stock, shares issued (in shares) 195,200,000 192,400,000    
Common stock, shares outstanding (in shares) 158,700,000 156,300,000 161,700,000 171,300,000
v3.25.4
Parent Company Financial Information - Condensed Statements of Operations (Details) - USD ($)
$ in Millions
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Operating costs and expenses:      
Other operating costs and expenses $ 1,835.0 $ 1,976.2 $ 1,877.8
Related-party charges and other operating items, net 2,735.9 2,881.6 2,809.5
Operating income (loss) 108.2 (76.8) 517.7
Non-operating expense:      
Interest expense (656.4) (627.7) (601.7)
Gains (losses) on debt extinguishments, net . (14.4) (5.5) (3.9)
Other income (expense), net (27.5) (13.7) (10.6)
Non-operating income (expense) (761.0) (583.1) (580.1)
Net loss (554.3) (659.7) (86.8)
Liberty Latin America Ltd.      
Operating costs and expenses:      
Other operating costs and expenses 25.8 5.6 19.0
Related-party charges and other operating items, net 33.9 24.0 19.4
Operating income (loss) (59.7) (29.6) (38.4)
Non-operating expense:      
Interest expense 0.0 (6.0) (20.2)
Realized and unrealized losses on derivatives instruments, net 0.0 (1.4) 0.0
Gains (losses) on debt extinguishments, net . 0.0 (0.3) 0.9
Other income (expense), net (1.3) 1.3 0.6
Non-operating income (expense) (1.3) (6.4) (18.7)
Loss before equity in losses of consolidated subsidiaries (61.0) (36.0) (57.1)
Equity in losses of consolidated subsidiaries, net (550.2) (653.4) (16.5)
Net loss $ (611.2) $ (689.4) $ (73.6)
v3.25.4
Parent Company Financial Information - Condensed Statements of Cash Flows (Details) - USD ($)
$ in Millions
 1 Months Ended 12 Months Ended
Oct. 31, 2024
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Cash flows from operating activities:        
Net loss   $ (554.3) $ (659.7) $ (86.8)
Adjustments to reconcile net loss to net cash provided (used) by operating activities:        
Share-based compensation and other Employee Incentive Plan-related expense $ 14.0 54.4 73.0 88.7
Loss (gain) on debt extinguishments, net   14.4 5.5 3.9
Amortization of debt financing costs   30.0 23.2 30.2
Changes in operating assets and liabilities   134.4 311.7 51.9
Net cash provided by operating activities   805.9 756.3 897.0
Cash flows from investing activities:        
Net cash used by investing activities   (592.3) (688.5) (615.8)
Cash flows from financing activities:        
Repurchase of Liberty Latin America common shares   0.0 (82.9) (118.3)
Other financing activities, net   (4.0) (3.6) (2.3)
Net cash used by financing activities   (43.6) (386.4) (62.4)
Net increase (decrease) in cash, cash equivalents and restricted cash   129.7 (329.5) 210.9
Cash, cash equivalents and restricted cash:        
Beginning of year   670.3 999.8 788.9
End of year   800.0 670.3 999.8
Liberty Latin America Ltd.        
Cash flows from operating activities:        
Net loss   (611.2) (689.4) (73.6)
Adjustments to reconcile net loss to net cash provided (used) by operating activities:        
Equity in loss of consolidated subsidiaries, net   550.2 653.4 16.5
Share-based compensation and other Employee Incentive Plan-related expense   1.9 (1.7) 10.7
Loss (gain) on debt extinguishments, net   0.0 0.3 (0.9)
Amortization of debt financing costs   0.0 4.2 13.9
Realized and unrealized losses on derivative instruments, net   0.0 1.4 0.0
Changes in operating assets and liabilities   52.3 7.0 53.1
Net cash provided by operating activities   (6.8) (24.8) 19.7
Cash flows from investing activities:        
Distribution and repayments from consolidated subsidiaries, net   7.2 323.7 277.3
Net cash used by investing activities   7.2 323.7 277.3
Cash flows from financing activities:        
Payments of principal amounts of debt and finance lease obligations   0.0 (219.2) (173.0)
Repurchase of Liberty Latin America common shares   0.0 (82.9) (118.3)
Capped call premium payment   0.0 (14.6) 0.0
Other financing activities, net   2.9 0.3 (1.3)
Net cash used by financing activities   2.9 (316.4) (292.6)
Net increase (decrease) in cash, cash equivalents and restricted cash   3.3 (17.5) 4.4
Cash, cash equivalents and restricted cash:        
Beginning of year   10.4 27.9 23.5
End of year   $ 13.7 $ 10.4 $ 27.9