LIBERTY LATIN AMERICA LTD., 10-K filed on 2/22/2024
Annual Report
v3.24.0.1
Cover Page - USD ($)
$ in Billions
 12 Months Ended
Dec. 31, 2023
Jan. 31, 2024
Jun. 30, 2023
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, 2023    
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    
Document Financial Statement Restatement Recovery Analysis [Flag] false    
Entity Shell Company false    
Entity Public Float     $ 1.1
Documents Incorporated by Reference
Portions of the definitive proxy statement for the Registrant’s 2024 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 2023    
Document Fiscal Period Focus FY    
Amendment Flag false    
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)   40,900,000  
Class B      
Entity Information [Line Items]      
Entity Common Stock, Shares Outstanding (in Shares)   2,200,000  
Class C      
Entity Information [Line Items]      
Title of 12(b) Security Class C Common Shares, par value $0.01 per share    
Trading Symbol LILAK    
Security Exchange Name NASDAQ    
Entity Common Stock, Shares Outstanding (in Shares)   162,000,000  
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Audit Information
 12 Months Ended
Dec. 31, 2023
Audit Information [Abstract]  
Auditor Name KPMG LLP
Auditor Location Denver, Colorado
Auditor Firm ID 185
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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Dec. 31, 2023
Dec. 31, 2022
Current assets:    
Cash and cash equivalents $ 988.6 $ 781.0
Trade receivables, net 686.1 603.3
Prepaid expenses 68.8 65.1
Current derivative assets 92.0 91.3
Current notes receivable, net 107.0 92.0
Current contract assets 110.2 107.3
Other current assets, net 359.5 338.9
Total current assets 2,412.2 2,078.9
Goodwill 3,483.4 3,421.3
Property and equipment, net 4,205.7 4,293.6
Intangible assets not subject to amortization 1,592.8 1,592.8
Intangible assets subject to amortization, net 541.6 688.1
Other assets, net 1,358.9 1,500.5
Total assets 13,594.6 13,575.2
Current liabilities:    
Accounts payable 424.4 525.1
Current portion of deferred revenue 167.1 151.7
Current portion of debt and finance lease obligations 581.9 226.9
Accrued interest 157.3 118.2
Accrued payroll and employee benefits 79.1 82.1
Current derivative liabilities 25.0 42.3
Current portion of operating lease liabilities 84.3 76.7
Other accrued and current liabilities 613.5 550.8
Total current liabilities 2,132.6 1,773.8
Long-term debt and finance lease obligations 7,598.0 7,653.8
Deferred tax liabilities 630.6 688.7
Deferred revenue 91.6 109.3
Other long-term liabilities 832.1 792.9
Total liabilities 11,284.9 11,018.5
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; 39.6 million and 25.3 million shares, respectively (361.2) (243.4)
Additional paid-in capital 5,262.0 5,177.1
Accumulated deficit (2,941.7) (2,868.1)
Accumulated other comprehensive loss, net of taxes (198.0) (149.2)
Total Liberty Latin America shareholders 1,763.5 1,918.8
Noncontrolling interests 546.2 637.9
Total equity 2,309.7 2,556.7
Total liabilities and equity 13,594.6 13,575.2
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 $ 1.9 $ 1.9
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CONSOLIDATED BALANCE SHEETS (Parenthetical) - $ / shares
Dec. 31, 2023
Dec. 31, 2022
Preferred shares, par value (in dollars per share) $ 0.01 $ 0.01
Preferred stock, shares authorized (in shares) 50,000,000 50,000,000
Preferred stock, shares issued (in shares) 0 0
Preferred stock, shares outstanding (in shares) 0 0
Treasury stock (in shares) 39,600,000 25,300,000
Class A    
Common stock, par value (in dollars per share) $ 0.01 $ 0.01
Common stock, shares authorized (in shares) 500,000,000 500,000,000
Common stock, shares issued (in shares) 52,600,000 51,800,000
Common stock, shares outstanding (in shares) 40,800,000 42,700,000
Class B    
Common stock, par value (in dollars per share) $ 0.01 $ 0.01
Common stock, shares authorized (in shares) 50,000,000 50,000,000
Common stock, shares issued (in shares) 2,200,000 2,100,000
Common stock, shares outstanding (in shares) 2,200,000 2,100,000
Class C    
Common stock, par value (in dollars per share) $ 0.01 $ 0.01
Common stock, shares authorized (in shares) 500,000,000 500,000,000
Common stock, shares issued (in shares) 189,600,000 187,400,000
Common stock, shares outstanding (in shares) 161,700,000 171,300,000
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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Millions
 12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Income Statement [Abstract]      
Revenue $ 4,511.1 $ 4,808.6 $ 4,811.3
Operating costs and expenses (exclusive of depreciation and amortization, shown separately below):      
Programming and other direct costs of services 1,020.4 1,210.5 1,214.4
Other operating costs and expenses 1,877.8 1,981.7 1,903.4
Depreciation and amortization 1,008.3 910.7 964.7
Impairment, restructuring and other operating items, net 86.9 619.2 665.0
Operating costs and expenses (exclusive of depreciation and amortization) 3,993.4 4,722.1 4,747.5
Operating income 517.7 86.5 63.8
Non-operating expense:      
Interest expense (601.7) (556.7) (527.4)
Realized and unrealized gains (losses) on derivative instruments, net (34.2) 359.4 564.1
Foreign currency transaction gains (losses), net 70.3 (194.3) (319.6)
Gains (losses) on debt extinguishments, net (3.9) 41.1 (57.2)
Gain on disposal of the Chile JV Entities 0.0 169.4 0.0
Other expense, net (10.6) (28.4) (41.7)
Non-operating income (expense) (580.1) (209.5) (381.8)
Loss before income taxes (62.4) (123.0) (318.0)
Income tax expense (24.4) (84.8) (172.6)
Net loss (86.8) (207.8) (490.6)
Net loss attributable to noncontrolling interests 13.2 37.1 50.0
Net loss attributable to Liberty Latin America shareholders $ (73.6) $ (170.7) $ (440.6)
Basic net loss per share attributable to Liberty Latin America shareholders (in dollars per share) $ (0.35) $ (0.77) $ (1.89)
Diluted net loss per share attributable to Liberty Latin America shareholders (in dollars per share) $ (0.35) $ (0.77) $ (1.89)
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CONSOLIDATED STATEMENTS OF COMPREHENSIVE LOSS - USD ($)
$ in Millions
 12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Statement of Comprehensive Income [Abstract]      
Net loss $ (86.8) $ (207.8) $ (490.6)
Other comprehensive earnings (loss), net of taxes:      
Foreign currency translation adjustments 25.9 53.1 4.8
Reclassification adjustments included in net loss 11.4 (22.9) (3.2)
Pension-related adjustments and other, net (85.0) (90.2) 33.4
Other comprehensive earnings (loss) (47.7) (60.0) 35.0
Comprehensive loss (134.5) (267.8) (455.6)
Comprehensive loss attributable to noncontrolling interests 12.1 37.6 50.9
Comprehensive loss attributable to Liberty Latin America shareholders $ (122.4) $ (230.2) $ (404.7)
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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, 2020 $ 3,321.4 $ 2,592.4 $ 0.5 $ 0.0 $ 1.8 $ (9.5) $ 4,982.0 $ (2,256.8) $ (125.6) $ 729.0
Increase (Decrease) in Stockholders' Equity [Roll Forward]                    
Net loss (490.6) (440.6)           (440.6)   (50.0)
Other comprehensive earnings (loss) 35.0 35.9             35.9 (0.9)
Repurchase of Liberty Latin America common shares (64.5) (64.5)       (64.5)        
Distributions to noncontrolling interest owners (47.6)                 (47.6)
Contributions from noncontrolling interest owners 46.9                 46.9
Shared-based compensation 93.3 93.3         93.3      
Ending balance at Dec. 31, 2021 2,893.9 2,216.5 0.5 0.0 1.8 (74.0) 5,075.3 (2,697.4) (89.7) 677.4
Increase (Decrease) in Stockholders' Equity [Roll Forward]                    
Net loss (207.8) (170.7)           (170.7)   (37.1)
Other comprehensive earnings (loss) (60.0) (59.5)             (59.5) (0.5)
Repurchase of Liberty Latin America common shares (169.4) (169.4)       (169.4)        
Distributions to noncontrolling interest owners (1.9)                 (1.9)
Shared-based compensation 101.9 101.9     0.1   101.8      
Ending 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 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)        
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
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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
 12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Cash flows from operating activities:      
Net loss $ (86.8) $ (207.8) $ (490.6)
Adjustments to reconcile net loss to net cash provided by operating activities:      
Share-based compensation expense 88.7 93.5 118.1
Depreciation and amortization 1,008.3 910.7 964.7
Impairments and other non-cash charges 54.3 593.1 645.1
Amortization of debt financing costs, premiums and discounts, net 30.2 36.6 33.5
Realized and unrealized losses (gains) on derivative instruments, net 34.2 (359.4) (564.1)
Foreign currency transaction losses (gains), net (70.3) 194.3 319.6
Losses (gains) on debt modification and extinguishment, net 3.9 (41.1) 57.2
Deferred income tax expense (benefit) (87.4) (8.4) 87.1
Changes in operating assets and liabilities, net of the effect of acquisitions and dispositions:      
Receivables and other operating assets 51.9 (85.0) (48.5)
Payables and accruals (130.0) (88.3) (105.9)
Net cash provided by operating activities 897.0 868.8 1,016.2
Cash flows from investing activities:      
Capital expenditures, net (585.0) (660.1) (736.3)
Cash paid in connection with acquisitions, net of cash acquired 0.0 (230.8) (520.6)
Cash outflow upon disposal of the Chile JV Entities 0.0 (188.8) 0.0
Other investing activities, net (30.8) (42.9) (11.7)
Net cash used by investing activities (615.8) (1,122.6) (1,268.6)
Cash flows from financing activities:      
Borrowings of debt 1,092.8 337.6 1,249.4
Payments of principal amounts of debt and finance lease obligations (955.9) (276.7) (632.5)
Repurchase of Liberty Latin America common shares (118.3) (170.4) (63.0)
Net cash received (paid) related to derivative instruments 9.8 97.6 (43.0)
Distributions to noncontrolling interest owners (75.4) (1.9) (47.6)
Payment of financing costs and debt redemption premiums (18.2) (7.8) (74.8)
Capital contribution from noncontrolling interest owner 5.1 0.0 46.9
Other financing activities, net (2.3) (7.6) (8.8)
Net cash provided (used) by financing activities (62.4) (29.2) 426.6
Effect of exchange rate changes on cash, cash equivalents and restricted cash (7.9) (2.3) (12.5)
Net increase (decrease) in cash, cash equivalents and restricted cash 210.9 (285.3) 161.7
Cash, cash equivalents and restricted cash:      
Beginning of year 788.9 1,074.2 912.5
End of year 999.8 788.9 1,074.2
Cash paid for interest 521.4 506.4 463.3
Net cash paid for taxes 79.8 115.6 44.3
Chile JV      
Adjustments to reconcile net loss to net cash provided by operating activities:      
Gain on disposal of the Chile JV Entities $ 0.0 $ (169.4) $ 0.0
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Basis of Presentation
 12 Months Ended
Dec. 31, 2023
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; (iii) LBT CT Communications, S.A. (a less than wholly-owned entity) and its subsidiaries, which include Liberty Servicios and Liberty Telecomunicaciones; and (iv) prior to the closing of the formation of the Chile JV in October 2022, VTR, as further described below. 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, C&W 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 approximately 40 markets in that region.
The accompanying consolidated financial statements have been prepared in accordance with U.S. GAAP.
In October 2022, we completed the formation of the Chile JV by contributing the Chile JV Entities into the Chile JV. Subsequent to the formation of the Chile JV, we began accounting for our 50% interest in the Chile JV as an equity method investment. Prior to the formation of the Chile JV, VTR was a wholly owned subsidiary. As such, our consolidated statements of operations and cash flows for 2022 and 2021 include VTR through the closing of the formation of the Chile JV. For additional information, see note 6.
Correction of Immaterial Errors
During the third quarter of 2023, we identified certain errors in our previously reported consolidated financial statements, primarily related to revenue, deferred tax liabilities, and non-controlling interests. 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, 2022 consolidated balance sheet, and (ii) our consolidated statements of operations, comprehensive earnings (loss), equity and cash flows years ended December 31, 2022 and 2021 for the errors.
Three months endedYear ended
March 31, 2022June 30, 2022September 30, 2022December 31, 2022December 31, 2022December 31, 2021
in millions
Revenue
As previously reported$1,216.2 $1,216.2 $1,222.0 $1,160.7 $4,815.1 $4,814.8 
Adjustments(0.6)(3.2)(1.2)(1.5)(6.5)(3.5)
As adjusted$1,215.6 $1,213.0 $1,220.8 $1,159.2 $4,808.6 $4,811.3 
Operating income (loss)
As previously reported$184.6 $(352.9)$152.9 $109.5 $94.1 $67.3 
Adjustments(0.6)(3.2)(1.2)(2.6)(7.6)(3.5)
As adjusted$184.0 $(356.1)$151.7 $106.9 $86.5 $63.8 
Earnings (loss) before income taxes
As previously reported$113.0 $(468.9)$121.9 $118.6 $(115.4)$(314.5)
Adjustments(0.6)(3.2)(1.2)(2.6)(7.6)(3.5)
As adjusted$112.4 $(472.1)$120.7 $116.0 $(123.0)$(318.0)
Net earnings (loss) attributable to Liberty Latin America shareholders
As previously reported$80.6 $(475.0)$84.1 $134.7 $(175.6)$(437.8)
Adjustments(2.1)11.5 (8.4)3.9 4.9 (2.8)
As adjusted$78.5 $(463.5)$75.7 $138.6 $(170.7)$(440.6)
Six months ended June 30, 2022Nine months ended September 30, 2022
in millions
Revenue
As previously reported$2,432.4 $3,654.4 
Adjustments(3.8)(5.0)
As adjusted$2,428.6 $3,649.4 
Operating loss
As previously reported$(168.3)$(15.4)
Adjustments(3.8)(5.0)
As adjusted$(172.1)$(20.4)
Loss before income taxes
As previously reported$(355.9)$(234.0)
Adjustments(3.8)(5.0)
As adjusted$(359.7)$(239.0)
Net loss attributable to Liberty Latin America shareholders
As previously reported$(394.4)$(310.3)
Adjustments9.4 1.0 
As adjusted$(385.0)$(309.3)
Three months endedSix months ended
March 31, 2023June 30, 2023June 30, 2023
in millions
Revenue
As previously reported$1,103.8 $1,122.7 $2,226.5 
Adjustments(2.3)(2.5)(4.8)
As adjusted$1,101.5 $1,120.2 $2,221.7 
Operating income
As previously reported$113.0 $139.5 $252.5 
Adjustments(6.4)(4.1)(10.5)
As adjusted$106.6 $135.4 $242.0 
Earnings (loss) before income taxes
As previously reported$(49.8)$49.8 $— 
Adjustments(6.4)(4.1)(10.5)
As adjusted$(56.2)$45.7 $(10.5)
Net earnings (loss) attributable to Liberty Latin America shareholders
As previously reported$(49.7)$38.2 $(11.5)
Adjustments(15.9)(3.1)(19.0)
As adjusted$(65.6)$35.1 $(30.5)
December 31, 2022
As Previously ReportedAdjustmentsAs Adjusted
in millions
Total liabilities$11,009.1 $9.4 $11,018.5 
Total equity$2,566.1 $(9.4)$2,556.7 
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Accounting Changes and Recent Accounting Pronouncements
 12 Months Ended
Dec. 31, 2023
Accounting Changes and Error Corrections [Abstract]  
Accounting Changes and Recent Accounting Pronouncements Accounting Changes and Recent Accounting Pronouncements
Accounting Changes
ASU 2022-04
In September 2022, the FASB issued ASU No. 2022-04, Liabilities—Supplier Finance Programs (ASU 2022-04), which requires that a buyer in a supplier finance program disclose certain information about the program to allow financial statement users to understand the nature of the program, activity during the period and changes to the program from period to period. In each annual reporting period, the disclosure requirements include (i) the key terms of the program, including payment terms, (ii) the amount and location in the balance sheet of obligations outstanding with the finance provider or intermediary, and (iii) a rollforward of the obligations during the annual period. In each interim reporting period, the disclosure requirements include the amount of obligations outstanding that the buyer has confirmed as valid to the finance provider or intermediary as of the end of the interim period. The rollforward disclosure is effective for fiscal years beginning after December 15, 2023, while the remaining annual disclosures are required to be disclosed on an interim basis in the year of adoption. We adopted ASU 2022-04 effective January 1, 2023. Disclosures surrounding our supplier finance programs are included in note 10.
Recent Accounting Pronouncements
ASU 2020-04, ASU 2021-01 and ASU 2022-06
In March 2020, the FASB issued ASU No. 2020-04, Reference Rate Reform (Topic 848): Facilitation of the Effects of Reference Rate Reform on Financial Reporting (ASU 2020-04), which provides optional guidance for a limited time to ease the potential accounting burden associated with transitioning away from reference rates, such as LIBOR. In January 2021, the FASB issued ASU No. 2021-01, Reference Rate Reform (Topic 848) (ASU 2021-01), which clarifies certain optional expedients and exceptions in Topic 848. The expedients and exceptions provided by ASU 2020-04 and ASU 2021-01 are for the application of U.S. GAAP to contracts, hedging relationships and other transactions affected by the rate reform, and was initially not intended to be available after December 31, 2022, other than for certain hedging relationships entered into before December 31, 2022. In December 2022, the FASB issued ASU No. 2022-06, Reference Rate Reform (Topic 848): Deferral of the Sunset Date of Topic 848 (ASU 2022-06), which defers the expiration date of Topic 848 from December 31, 2022, to December 31, 2024, and permits companies to apply the guidance in Topic 848 through the expected cessation date of USD LIBOR. Through December 31, 2023, the phase out of LIBOR has not had a material impact on our consolidated financial statements.
ASU 2023-07
In November 2023, the FASB issued ASU No. 2023-07, Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures (ASU 2023-07), which requires enhanced disclosures surrounding significant segment expenses. In each annual and interim period, entities are required to disclose (i) significant segment expenses that are regularly provided to the CODM and are included within each reported measure of segment profit or loss, (ii) an amount and description for other segment items by reportable segment, where the other items category represents the difference between segment revenue, significant segment expenses and the reported measure of segment profit or loss, (iii) all annual disclosures about a reportable segment’s profit or loss and assets currently required by Topic 280, and (iv) the title and position of the CODM and an explanation of how the CODM uses the reported measure of segment profit or loss in assessing segment performance and deciding how to allocate resources. In addition, ASU 2023-07 clarifies that a public entity may disclose more than one measure of a segment’s profit or loss if the CODM uses more than one measure to assess segment performance and allocate resources. ASU 2023-07 is effective for fiscal years beginning after December 15, 2023, and interim periods within fiscal years beginning after December 15, 2024 with early adoption permitted. We are currently evaluating the impact this standard will have on the footnotes to our consolidated financial statements.
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 are currently evaluating the impact this standard will have on the footnotes to our consolidated financial statements.
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Summary of Significant Accounting Policies
 12 Months Ended
Dec. 31, 2023
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 $73 million and $64 million at December 31, 2023 and 2022, 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 2023 and 2022, we generated approximately $32 million and $48 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 $119 million and $81 million at December 31, 2023 and 2022, 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,
202320222021
in millions
Beginning balance$101.1 $112.6 $116.2 
Provision for expected losses, net71.5 78.4 71.4 
Write-offs(84.0)(79.1)(59.5)
Foreign currency translation adjustments and other3.0 (10.8)(15.5)
Ending balance$91.6 $101.1 $112.6 
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 7 and 10, respectively. For information regarding how we arrive at certain of our fair value measurements, see note 4.
Derivative Instruments
Derivative Instruments Recorded at Fair Value
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 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 7.
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 8.
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. Our spectrum licenses in Puerto Rico are issued for only a fixed time (generally 10 years or less), but renewals occur routinely and at nominal cost. 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. Spectrum licenses in certain of our markets are time-limited and renewals
generally must be purchased at rates established by local authorities. Spectrum licenses in markets other than Puerto Rico are therefore amortized over a finite period. 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 8.
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 8.
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 $142 million and $107 million as of December 31, 2023 and 2022, 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, 2023 and 2022 was $259 million and $261 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 9.
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. In order 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 16.
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 20. 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 nonrecurring 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 Capacity Contracts. We enter into certain long-term 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. We assess whether prepaid capacity 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 capacity contracts is deferred and generally recognized on a straight-line basis over the life of the contract. As of December 31, 2023, we have approximately $280 million of unfulfilled performance obligations relating to our long-term capacity contracts, primarily subsea 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. 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 15.
Litigation Costs
Legal fees and related litigation costs are expensed as incurred.
v3.24.0.1
Fair Value Measurements
 12 Months Ended
Dec. 31, 2023
Fair Value Disclosures [Abstract]  
Fair Value Measurements Fair Value Measurements
General
We use the fair value method to account for most of 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.
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 7. 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 7.
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, impairment assessments and the initial valuation related to our equity method investment in the Chile JV. For information concerning our investment in the Chile JV, including the initial fair value assessment, see note 6.
Acquisition Accounting
The nonrecurring valuations associated with acquisition accounting, which use significant unobservable inputs and therefore fall under Level 3 of the fair value hierarchy, primarily include the valuation of property and equipment, customer relationships and spectrum intangible assets, as further described below:
•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.
•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 (e.g. the “greenfield” valuation method), which requires a wide range of assumptions and inputs, including forecasting costs associated with building a complementary asset base.
During 2023 and 2022, we finalized our acquisition accounting for the Claro Panama Acquisition and the Liberty Telecomunicaciones Acquisition, respectively, neither of which resulted in any material changes to the respective opening balance sheets. For additional information relating to the opening balance sheet for the Claro Panama Acquisition and the Liberty Telecomunicaciones Acquisition, see note 5.
Impairment Assessments
The nonrecurring valuations associated with impairment assessments, which use significant unobservable inputs and therefore fall under Level 3 of the fair value hierarchy, primarily include the valuation of reporting units for the purpose of testing for goodwill impairment. 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.
Goodwill
During 2023, we completed our annual goodwill impairment assessment, which did not result in goodwill impairments for any of our reporting units. During the second quarter of 2022, primarily due to significant increases in interest rates, we performed goodwill impairment analyses of all of our reporting units. Based upon the results of the aforementioned analysis, we recognized impairment charges associated with certain reporting units of our C&W Caribbean segment. For both of these 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.
For additional information regarding goodwill impairment charges resulting from these impairment analyses, see note 8.
v3.24.0.1
Acquisitions
 12 Months Ended
Dec. 31, 2023
Business Combination and Asset Acquisition [Abstract]  
Acquisitions Acquisitions
Pending Acquisition
Puerto Rico and USVI Spectrum Acquisition. On November 6, 2023, we entered into an agreement with Dish Network to acquire Dish Network spectrum assets in Puerto Rico and USVI and prepaid mobile subscribers in those markets in exchange for cash and international roaming credits. The aggregate purchase price of $256 million will be paid in four annual installments commencing on the closing date, subject to post-closing adjustments. The transaction is subject to certain customary closing conditions, including regulatory approvals, and is expected to close during 2024.
2022 Acquisition
Claro Panama Acquisition. On September 14, 2021, we entered into a definitive agreement to acquire América Móvil’s operations in Panama in an all-cash transaction based upon an enterprise value of $200 million on a cash- and debt-free basis. On July 1, 2022, we completed the acquisition of Claro Panama, which was financed through a combination of debt and existing cash.
The following table sets forth a reconciliation of the stated purchase price to the net cash paid (in millions):
Stated purchase price
$200.0 
Working capital adjustments9.3 
Total purchase price209.3 
Opening balance sheet cash
(1.2)
Net cash paid for the Claro Panama Acquisition
$208.1 
We have accounted for the Claro Panama Acquisition as a business combination using the acquisition method of accounting, whereby the total purchase price was allocated to the acquired identifiable net assets of Claro Panama based on assessments of their respective fair values. A summary of the purchase price and the opening balance sheet of Claro Panama at the July 1, 2022 acquisition date is presented in the following table. The opening balance sheet presented below reflects our final purchase price allocation (in millions):
Current assets$24.4 
Property and equipment136.3 
Intangible assets subject to amortization (a)47.9 
Other assets (b)198.2 
Current liabilities(64.8)
Long-term liabilities (c)(132.7)
Total purchase price$209.3 
(a)At July 1, 2022, the weighted average useful life of the acquired spectrum intangible assets was approximately 6 years.
(b)Primarily consists of operating lease right-of-use assets.
(c)Primarily consists of the non-current portion of operating lease obligations.
Our consolidated statements of operations for the year ended December 31, 2022 includes third-party revenue and a net loss of $70 million and $14 million, respectively, attributable to Claro Panama.
2021 Acquisitions
Liberty Telecomunicaciones Acquisition. On July 30, 2020, we entered into the Telefónica Acquisition Agreement to acquire Telefónica S.A.’s operations in Costa Rica in an all-cash transaction based upon an enterprise value of $500 million on a cash- and debt-free basis. On August 9, 2021, we completed the acquisition of all of the outstanding shares of Liberty Telecomunicaciones. The Liberty Telecomunicaciones Acquisition was financed through a combination of debt, existing cash and a $47 million equity contribution from the noncontrolling interest owner of our Liberty Servicios entity, as further described in note 12.
During 2022, we finalized the purchase price for the Liberty Telecomunicaciones Acquisition, which resulted in a reduction in total consideration paid of $12 million. The proceeds received from the final purchase price adjustments have been reflected as an investing activity in our consolidated statement of cash flows. The following table sets forth a reconciliation of the stated purchase price to the net cash paid (in millions):
Stated Telefónica Acquisition Agreement purchase price
$500.0 
Working capital adjustments25.1 
Total purchase price525.1 
Opening balance sheet cash
(17.0)
Net cash paid for the Liberty Telecomunicaciones Acquisition
$508.1 
We have accounted for the Liberty Telecomunicaciones Acquisition as a business combination using the acquisition method of accounting, whereby the total purchase price was allocated to the acquired identifiable net assets of Liberty Telecomunicaciones 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 of Liberty Telecomunicaciones at the August 9, 2021 acquisition date is presented in the following table. The opening balance sheet presented below reflects our final purchase price allocation (in millions):
Current assets (a)$74.7 
Goodwill (b)256.7 
Property and equipment150.6 
Intangible assets subject to amortization (c)139.9 
Other assets (d)145.7 
Current liabilities (e)(74.2)
Long-term liabilities (f)(168.3)
Total purchase price (g)$525.1 
(a)Primarily consists of trade receivables, notes receivables related to EIP receivables, and cash.
(b)The goodwill recognized in connection with the Liberty Telecomunicaciones Acquisition is primarily attributable to (i) the ability to take advantage of Liberty Telecomunicaciones’s existing mobile network to gain immediate access to potential customers, and (ii) synergies that are expected to be achieved through the integration of Liberty Telecomunicaciones with Liberty Latin America’s existing business in Costa Rica, Liberty Servicios. Due to the nature of the Liberty Telecomunicaciones Acquisition, no tax deductions related to goodwill are expected.
(c)At August 9, 2021, the weighted average useful lives of the acquired customer relationship intangible assets and spectrum intangible assets were approximately 7 years and 25 years, respectively.
(d)Primarily consists of operating lease right-of-use assets and the long-term portion of note receivables related to EIP receivables.
(e)Primarily consists of accounts payable and current operating lease obligations.
(f)Primarily consists of the non-current portion of operating lease obligations and deferred tax liabilities.
(g)Amount excludes $9 million of direct acquisition costs incurred during 2021. Direct acquisition costs are included in impairment, restructuring and other operating items, net, in our consolidated statement of operations.
Our consolidated statement of operations for the year ended December 31, 2021 includes revenue and net earnings of $112 million and $5 million, respectively, attributable to Liberty Telecomunicaciones.
BBVI Acquisition. Effective December 31, 2021, we acquired 96% of the outstanding shares of Broadband VI, LLC for $33 million, the payment of which occurred in January 2022. Broadband VI, LLC provides fixed services to residential and business customers in USVI and is included in our Liberty Puerto Rico reportable segment.
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 these acquisitions 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 Liberty Telecomunicaciones Acquisition;
ii.the alignment of accounting policies;
iii.interest expense related to additional borrowings in conjunction with the Claro Panama Acquisition and the Liberty Telecomunicaciones Acquisition;
iv.depreciation expense related to acquired tangible assets;
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 (i) the Claro Panama Acquisition, as if it had been completed as of January 1, 2021, and (ii) the Liberty Telecomunicaciones Acquisition, as if it had been completed as of January 1, 2020:
Year ended December 31,
20222021
in millions
Revenue$4,873.1 $5,116.1 
Net loss attributable to Liberty Latin America shareholders$(188.8)$(470.9)
v3.24.0.1
Disposition
 12 Months Ended
Dec. 31, 2023
Discontinued Operations and Disposal Groups [Abstract]  
Disposition Disposition
2022 Disposition
Chile JV Entities. On September 29, 2021, we entered into an agreement with América Móvil to contribute the Chile JV Entities to América Móvil’s Chilean operations to form the Chile JV. During October 2022, we completed the formation of the Chile JV, which is owned 50:50 by Liberty Latin America and América Móvil.
Our consolidated statements of operations include earnings (losses) before income taxes attributable to the Chile JV Entities of ($26 million) and $271 million for the years ended December 31, 2022 and 2021, respectively.
During October 2022, and in connection with the closing on the formation of the Chile JV, we made a balancing payment to América Móvil totaling $76 million. The transaction did not trigger a change of control under VTR’s debt agreements, and was not subject to Liberty Latin America or América Móvil shareholder approvals. Beginning in October 2022, we account for our 50% interest in the Chile JV as an equity method investment.
The carrying amounts of the major classes of assets and liabilities associated with the Chile JV Entities, which were contributed to the Chile JV, are summarized below (in millions):
Assets:
Cash and cash equivalents$63.0 
Other current assets, net104.4 
Property and equipment, net697.5 
Goodwill275.6 
Other assets, net259.1 
Total assets$1,399.6 
Liabilities:
Current portion of debt$72.4 
Other accrued and current liabilities210.1 
Long-term debt1,330.9 
Other long-term liabilities55.1 
Total liabilities$1,668.5 
In connection with the formation of the Chile JV, we recognized a pre-tax gain of $169 million, which is net of the recognition of a cumulative foreign currency translation loss of $17 million. The gain is a result of a minimal preliminary estimated fair value of our investment in the Chile JV at formation and the negative net carrying value of the Chile JV Entities at the time of closing, and is net of a $50 million contribution that was provided to the Chile JV near the time of closing for working capital purposes.
In determining the value of the Chile JV, we considered certain qualitative and quantitative information available, including negative cash flows of the Chile JV and the significant discount in the fair value of the Chile JV’s debt in relation to its par value. At December 31, 2023, our proportionate share of the accumulated net losses of the Chile JV since the Chile JV formation date is CLP 297 billion ($351 million). Our investment balance in the Chile JV was zero as of December 31, 2023 and 2022 after taking our share of the net losses of the Chile JV.
Effective December 26, 2023, we entered into a transaction agreement with América Móvil relating to the Chile JV. Under the terms of the agreement, we have agreed with América Móvil, either collectively in proportion to our shareholding percentage interest or individually, to provide additional capital required by the Chile JV during the calendar year 2023 and through June 30, 2024 in the form of convertible notes in an aggregate amount not to exceed CLP 972 billion ($1,104 million). Under the terms of the agreement, América Móvil or Liberty Latin America may exercise a catch-up right on or before August 1, 2024, to cure any failure by América Móvil or Liberty Latin America to fund its respective portion of such commitment in order to continue the Chile JV as a 50:50 joint venture. To the extent that América Móvil’s or Liberty Latin America’s ownership percentage falls below 50%, the governance terms of the Chile JV would award the party who holds more than 50% shares the ability to appoint the majority members of the board of directors of the Chile JV. Since the formation date of the Chile JV, the Chile JV has received an aggregate principal amount of CLP 721 billion from América Móvil in the form of convertible notes. During 2023, we did not make any contributions to the Chile JV.
v3.24.0.1
Derivative Instruments
 12 Months Ended
Dec. 31, 2023
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Derivative Instruments Derivative Instruments
In general, we seek to enter into derivative instruments to protect against (i) increases in the interest rates on our variable-rate debt and (ii) foreign currency movements.
The following table provides details of the fair values of our derivative instrument assets and liabilities:
 December 31, 2023December 31, 2022
 CurrentLong-term (a)TotalCurrentLong-term (a)Total
 in millions
Assets (b):
Interest rate derivative contracts$91.9 $157.4 $249.3 $91.3 $224.2 $315.5 
Other0.1 — 0.1 — — — 
Total$92.0 $157.4 $249.4 $91.3 $224.2 $315.5 
Liabilities (b):
Interest rate derivative contracts$8.2 $30.6 $38.8 $30.4 $— $30.4 
Foreign currency forward contracts16.8 4.0 20.8 11.9 — 11.9 
Total$25.0 $34.6 $59.6 $42.3 $— $42.3 
(a)Our long-term derivative assets and long-term derivative liabilities are included in other assets, net, 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 10) 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 details of our realized and unrealized gains (losses) on derivative instruments, net, are as follows:
Year ended December 31,
 202320222021
 in millions
Interest rate and cross-currency derivative contracts$27.3 $404.3 $565.4 
Foreign currency forward contracts and other(30.6)(13.5)25.8 
Weather Derivatives(30.9)(31.4)(27.1)
Total$(34.2)$359.4 $564.1 
The following table sets forth the classification of the net cash inflows (outflows) of our derivative instruments:
 Year ended December 31,
 202320222021
 in millions
Operating activities$35.6 $(20.5)$(94.5)
Investing activities— (7.4)(1.2)
Financing activities9.8 97.6 (43.0)
Total$45.4 $69.7 $(138.7)
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, 2023, 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 $211 million.
Each of our borrowing groups has 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
In connection with the phase-out of LIBOR, we amended or entered into certain derivative contracts to reference Adjusted Term SOFR for interest periods commencing after June 30, 2023.
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. The following table sets forth the total U.S. dollar equivalents of the notional amounts and the related weighted average remaining contractual lives of our interest rate swap contracts at December 31, 2023:
Borrowing groupNotional amount due from counterparty Weighted average remaining life
 
in millionsin years
C&W (a)
$2,100.0 4.6
Liberty Puerto Rico$500.0 4.8
(a)Includes embedded floors of 0% on certain contracts.
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. The following table sets forth the total U.S. dollar equivalents of the notional amounts and the related weighted average remaining contractual lives of our basis swap contracts at December 31, 2023:
Borrowing groupNotional amount due from counterparty Weighted average remaining life
 
in millionsin years
C&W$2,100.0 1.0
Liberty Puerto Rico$620.0 1.0
Interest Rate Floors
Interest rate floors provide protection against interest rates falling below a pre-set level. At December 31, 2023, our Liberty Puerto Rico borrowing group had an interest rate floor with a total notional amount of $620 million and a remaining contractual life of 4.8 years.
Interest Rate Caps
Interest rate caps provide protection against interest rates rising above a pre-set level. At December 31, 2023, our Liberty Puerto Rico borrowing group had interest rate caps with total notional amounts of $120 million and a remaining weighted average contractual life of 4.8 years.
Foreign Currency Forwards Contracts
We enter into foreign currency forward contracts with respect to non-functional currency exposure. At December 31, 2023, our Liberty Costa Rica borrowing group had foreign currency forward contracts with total notional amounts due from and to counterparties of $218 million and CRC 125 billion, respectively, with a weighted average remaining contractual life of 0.6 years.
v3.24.0.1
Long-lived Assets
 12 Months Ended
Dec. 31, 2023
Goodwill and Intangible Assets Disclosure [Abstract]  
Long-lived Assets Long-lived Assets
Impairment Charges
The following table sets forth the details of our impairment charges:
C&W CaribbeanC&W PanamaLiberty NetworksLiberty Puerto RicoVTR (a)Liberty Costa RicaTotal
 in millions
Year ended December 31, 2023:
Goodwill$— $— $— $— $— $— $— 
Property and equipment and other (b)4.1 51.9 0.8 9.4 — 0.8 67.0 
Total impairment charges$4.1 $51.9 $0.8 $9.4 $— $0.8 $67.0 
Year ended December 31, 2022:
Goodwill (c)$555.3 $— $— $— $— $— $555.3 
Property and equipment and other3.1 — 1.0 3.6 0.1 0.7 8.5 
Total impairment charges$558.4 $— $1.0 $3.6 $0.1 $0.7 $563.8 
Year ended December 31, 2021:
Goodwill$605.1 $— $— $— $— $— $605.1 
Property and equipment and other2.6 — — 0.2 1.3 — 4.1 
Total impairment charges$607.7 $— $— $0.2 $1.3 $— $609.2 
(a)During October 2022, we contributed the Chile JV Entities into the Chile JV. For additional information, see notes 1 and 6.
(b)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.
(c)During 2022, we recorded a $555 million impairment of goodwill within certain reporting units of our C&W Caribbean segment. This impairment was driven primarily by macroeconomic factors, including higher interest rates, that drove an increase in the discount rates used to value these reporting units. After recording these impairments, the associated reporting units have $498 million of goodwill remaining at December 31, 2022. 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. 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 2023 are set forth below:
C&W CaribbeanC&W PanamaLiberty NetworksLiberty Puerto RicoLiberty Costa RicaTotal
 in millions
January 1, 2023$1,220.4 $617.1 $654.0 $501.1 $428.7 $3,421.3 
Acquisitions and related adjustments— — (5.7)— 5.7 — 
Foreign currency translation adjustments and other(2.3)— 7.6 — 56.8 62.1 
December 31, 2023$1,218.1 $617.1 $655.9 $501.1 $491.2 $3,483.4 
Changes in the carrying amount of our goodwill during 2022 are set forth below:
C&W CaribbeanC&W PanamaLiberty NetworksLiberty Puerto RicoLiberty Costa RicaTotal
 in millions
January 1, 2022$1,787.1 $617.1 $646.8 $498.3 $398.7 $3,948.0 
Acquisitions and related adjustments(16.5)— 11.5 2.8 (3.8)(6.0)
Foreign currency translation adjustments and other5.1 — (4.3)— 33.8 34.6 
Impairments(555.3)— — — — (555.3)
December 31, 2022$1,220.4 $617.1 $654.0 $501.1 $428.7 $3,421.3 
Our accumulated goodwill impairments were $2,784 million at each December 31, 2023 and 2022.
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, 2023		December 31,
20232022
 in millions
Distribution systems
3 to 25 years
$4,797.4 $4,419.1 
Support equipment, buildings, land and CIP
3 to 40 years
1,923.9 2,232.7 
CPE
3 to 5 years
938.3 919.0 
7,659.6 7,570.8 
Accumulated depreciation(3,453.9)(3,277.2)
Total$4,205.7 $4,293.6 
Depreciation expense related to our property and equipment was $840 million, $726 million and $771 million during 2023, 2022 and 2021, respectively.
We recorded non-cash increases to our property and equipment related to vendor financing arrangements of $144 million $161 million and $101 million during 2023, 2022 and 2021, respectively.
Intangible Assets Subject to Amortization, Net
The details of our intangible assets subject to amortization, which had estimated useful lives ranging from four to 25 years at December 31, 2023, are set forth below:
December 31,
20232022
 in millions
Customer relationships$1,327.8 $1,464.4 
Licenses and other286.7 278.9 
1,614.5 1,743.3 
Accumulated amortization(1,072.9)(1,055.2)
Total$541.6 $688.1 
Amortization expense related to intangible assets with finite useful lives was $168 million, $185 million and $193 million during 2023, 2022 and 2021, respectively.
Based on our amortizable intangible assets balance at December 31, 2023, we expect that amortization expense will be as follows for the next five years and thereafter (in millions):
2024$135.3 
202592.9 
202667.9 
202757.4 
202849.9 
Thereafter138.2 
Total$541.6 
Intangible Assets Not Subject to Amortization
The details of our intangible assets not subject to amortization are set forth below:
December 31,
20232022
 in millions
Spectrum licenses$1,051.0 $1,051.0 
Cable television franchise rights and other541.8 541.8 
Total intangible assets not subject to amortization$1,592.8 $1,592.8 
v3.24.0.1
Operating Leases
 12 Months Ended
Dec. 31, 2023
Leases [Abstract]  
Operating Leases Operating Leases
The following table provides details of our operating lease expense:
Year ended December 31,
202320222021
in millions
Operating lease expense:
Operating lease cost
$128.0 $118.8 $93.1 
Short-term lease cost
29.0 24.6 21.0 
Total operating lease expense
$157.0 $143.4 $114.1 
Certain other details of our operating leases are set forth in the tables below.
December 31,
20232022
in millions
Operating lease right-of-use assets (a)$475.2 $550.8 
Operating lease liabilities:
Current$84.3 $76.7 
Noncurrent483.4 438.5 
Total operating lease liabilities$567.7 $515.2 
Weighted-average remaining lease term
7.4 years8.2 years
Weighted-average discount rate
7.8 %7.5 %
Year ended December 31,
202320222021
in millions
Operating cash outflows from operating leases$131.9 $120.4 $93.1 
Right-of-use assets obtained in exchange for new operating lease liabilities (b)$53.8 $237.4 $211.8 
(a)During 2023, we recorded impairment charges totaling $52 million associated with certain operating lease right-of-use assets, predominantly related to decommissioned tower leases at C&W Panama. These charges are included in impairment, restructuring and other, net, in our consolidated statements of operations.
(b)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, 2023 are presented below. Amounts presented below represent U.S. dollar equivalents (in millions) based on December 31, 2023 exchange rates.
Years ending December 31:
2024$123.0 
2025114.8 
2026103.4 
202788.3 
202879.4 
Thereafter260.8 
Total operating lease liabilities on an undiscounted basis
769.7 
Present value discount(202.0)
Present value of operating lease liabilities
$567.7 
v3.24.0.1
Debt and Finance Lease Obligations
 12 Months Ended
Dec. 31, 2023
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, 2023Estimated fair value (c)Principal amount
Weighted
average
interest
rate (a)		Unused borrowing capacity (b)
Borrowing currencyUS $ equivalentDecember 31,December 31,
2023202220232022
in millions
Convertible Notes (d)
2.00 %$— $— $213.8 $357.4 $220.3 $402.5 
C&W Notes
6.55 %— — 1,609.8 1,591.6 1,715.0 1,715.0 
C&W Credit Facilities
7.34 %(e)636.5 2,663.4 2,505.0 2,694.2 2,605.2 
LPR Senior Secured Notes
6.08 %— — 1,851.5 1,772.7 1,981.0 1,981.0 
LPR Credit Facilities
9.29 %172.5 172.5 621.6 613.8 620.0 620.0 
LCR Credit Facilities (f)10.88 %60.0 60.0 463.5 382.9 450.0 419.3 
Vendor financing, Tower Transactions and other (g) (h)7.81 %— — 561.7 223.1 561.7 223.1 
Total debt before premiums, discounts and deferred financing costs7.10 %$869.0 $7,985.3 $7,446.5 $8,242.2 $7,966.1 
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,
20232022
in millions
Total debt before premiums, discounts and deferred financing costs
$8,242.2 $7,966.1 
Premiums, discounts and deferred financing costs, net(67.8)(94.0)
Total carrying amount of debt
8,174.4 7,872.1 
Finance lease obligations
5.5 8.6 
Total debt and finance lease obligations
8,179.9 7,880.7 
Less: Current maturities of debt and finance lease obligations
(581.9)(226.9)
Long-term debt and finance lease obligations
$7,598.0 $7,653.8 
(a)Represents the weighted average interest rate in effect at December 31, 2023 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, 2023 without regard to covenant compliance calculations or other conditions precedent to borrowing. At December 31, 2023, 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, 2023 compliance reporting requirements. At December 31, 2023, 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)The interest rate reflects the stated rate of the Convertible Notes. The effective interest rate of the Convertible Notes is 6.7%, which considers the impact of a discount recorded in connection with the Conversion Option, as further described below.
(e)The C&W Credit Facilities unused borrowing capacity comprise certain U.S. dollar, Trinidad & Tobago dollar and JMD revolving credit facilities. For further information, see C&W Credit Facilities below.
(f)The LCR Credit Facilities at December 31, 2022 comprise certain CRC and U.S. dollar term loans and a U.S. dollar revolving credit facility. For information on the LCR Credit Facilities at December 31, 2023, see Financing Activity below.
(g)In December 2023, we entered into the 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 balance sheet. During 2023, we received proceeds of $244 million related to the Tower Transactions, which are included in borrowings of debt in our consolidated statement of cash flows.
(h)Primarily represents $299 million and $217 million at December 31, 2023 and December 31, 2022, respectively, 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 and include VAT that were paid on our behalf by the vendor. Our operating expenses include $177 million, $149 million and $110 million for 2023, 2022 and 2021, 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. 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, 2023, 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, except for our Convertible Notes (as described below). Unless stated otherwise, all of our borrowings are denominated in U.S. dollars.
Credit Facilities. Each of our borrowing groups has 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 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%.
Liberty Latin America – Convertible Notes
In June 2019, Liberty Latin America issued the Convertible Notes. Interest on the Convertible Notes is payable semi-annually on January 15 and July 15. The Convertible Notes are general unsecured obligations of the Company and are structurally subordinated to all the debt and other liabilities of our subsidiaries.
Conversion Rights. Subject to certain conditions, and adjustments if certain events occur (as specified in the indenture governing the Convertible Notes), as of December 31, 2023, the Convertible Notes may be converted at a conversion rate equal to 48.4315 Class C common shares per $1,000 principal amount of the Convertible Notes (equivalent to a conversion price of approximately $20.65 per Class C common share). Any conversions of the Convertible Notes may be settled, at the election of the Company, in cash, Class C common shares or a combination thereof.
On and after January 15, 2024 until the close of business on the second scheduled trading day immediately preceding the maturity date, holders of the Convertible Notes may convert their notes at any time.
We determined the Conversion Option should be bifurcated from the debt host instrument (the Convertible Notes) and accounted for as a separate financial instrument that qualifies for equity classification. Accordingly, we bifurcated the Conversion Option from the Convertible Notes and initially recorded the estimated fair value of $78 million as additional paid-in capital and debt discount. The debt discount is being accreted through interest expense, using the effective interest method, through maturity of the Convertible Notes or when the Conversion Option no longer qualifies for equity classification, if ever. At December 31, 2023, the carrying value of the Convertible Notes was $215 million and the unamortized debt discount on the Convertible Notes was $5 million.
Redemption Rights. On or after July 19, 2022 but prior to the 85th scheduled trading day immediately preceding July 15, 2024, we may redeem all or a portion of the Convertible Notes for cash, if the last reported sale price of our Class C common shares has been at least 130% of the conversion price then in effect on (i) each of at least 20 trading days (whether or not consecutive) during the 30 consecutive trading day period ending on, and including, the trading day immediately preceding the date on which we provide notice of redemption and (ii) the trading day immediately preceding the date we provide such notice.
Other. If a fundamental change (as defined in the indenture) occurs, holders of the Convertible Notes may require the Company to repurchase all or a portion of their notes for cash at a price equal to 100% of the principal amount of the notes to be repurchased, plus any accrued and unpaid interest to, but excluding, the fundamental change repurchase date. In addition, following certain corporate transactions that occur prior to the maturity date of the Convertible Notes or the delivery of a notice of redemption, we will increase the applicable conversion rate for a holder who elects to convert in connection with such corporate transactions or notice of redemption in certain circumstances by a number of additional Class C common shares, as described in the related indenture.
Borrowing Groups – Outstanding Debt Instruments
C&W Notes
The details of the outstanding C&W Notes as of December 31, 2023 are summarized in the following table:
C&W NotesMaturityInterest
rate		Outstanding principal amountCarrying
value (a)
   in millions
2027 C&W Senior Secured NotesSeptember 7, 20275.750 %$495.0 $494.3 
2027 C&W Senior NotesSeptember 15, 20276.875 %1,220.0 1,218.4 
Total$1,715.0 $1,712.7 
(a)Amounts are inclusive or net of original issue premiums and deferred financing costs, as applicable.
Redemption Rights. The C&W Notes are subject to certain redemption rights (as specified in the applicable indenture). Some or all of the 2027 C&W Senior Notes and 2027 C&W Senior Secured 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
2027 C&W Senior Notes2027 C&W Senior Secured Notes
12-month period commencing:September 15September 7
2024100.859%100.000%
2025 and thereafter100.000%100.000%
C&W Credit Facilities
The details of our borrowings under the C&W Credit Facilities as of December 31, 2023 are summarized in the following table:
C&W Credit Facilities
MaturityInterest rateUnused borrowing capacityOutstanding principal amountCarrying
value (a)
   in millions
CWP Revolving Credit Facility (b)
January 18, 2027
Adjusted Term SOFR + 3.75%
$10.0 $10.0 $10.0 
C&W Revolving Credit Facility (b)
January 30, 2027
Adjusted Term SOFR + 3.25% (c)
572.0 — — 
C&W Term Loan B-5 FacilityJanuary 31, 2028
Adjusted Term SOFR + 2.25% (c)
— 1,510.0 1,499.7 
C&W Term Loan B-6 FacilityOctober 15, 2029
Adjusted Term SOFR + 3.0% (c)
— 590.0 582.3 
2028 CWP Term LoanJanuary 18, 20284.25%— 435.0 430.9 
C&W Regional Facilities (d) (e)
various dates ranging from 2024 to 2038
6.85% (f)
54.5 80.2 78.7 
C&W Other Facilities(g)6.48%— 69.0 69.0 
Total$636.5 $2,694.2 $2,670.6 
(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)The unused borrowing capacity on the C&W Regional Facilities comprise certain U.S. dollar, Trinidad & Tobago dollar and JMD denominated revolving credit facilities.
(e)The outstanding principal amount on the C&W Regional Facilities comprise certain JMD, U.S. dollar, East Caribbean dollar denominated credit facilities.
(f)Represents a weighted average rate for all C&W Regional Facilities.
(g)This borrowing is due in three annual installments beginning in May 2024.
LPR Senior Secured Notes
The details of the outstanding LPR Senior Secured Notes as of December 31, 2023 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 $1,149.8 
2029 LPR Senior Secured NotesJuly 15, 20295.125%820.0 813.0 
Total$1,981.0 $1,962.8 
(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
2024100.000%102.563%
2025100.000%101.281%
2026 and thereafter100.000%100.000%
LPR Credit Facilities
The details of our borrowings under the LPR Credit Facilities as of December 31, 2023 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%
$172.5 $— $— 
2028 LPR Term LoanOctober 15, 2028
Adjusted Term SOFR + 3.75% (c)
— 620.0 616.3 
Total$172.5 $620.0 $616.3 
(a)Amounts are net of deferred financing costs.
(b)Has a fee on unused commitments of 0.5% per year.
(c)Subject to a SOFR floor of 0 basis points.
LCR Credit Facilities
The details of the LCR Credit Facilities as of December 31, 2023 are summarized in the following table:
LCR Credit FacilitiesMaturityInterest rateUnused
borrowing
capacity		Outstanding principal amountCarrying
value (a)
LCR Revolving Credit Facility (b)January 15, 2028
Term SOFR + 4.25%
$60.0 $— $— 
2031 LCR Term Loan AJanuary 15, 203110.875%— 50.0 48.9 
2031 LCR Term Loan BJanuary 15, 203110.875%— 400.0 386.7 
Total$60.0 $450.0 $435.6 
(a)Amounts are net of deferred financing costs.
(b)Has a fee on unused commitments of 0.5% per year.
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 C&W Revolving Credit Facility, 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 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 Facilities
100%$69.0 
C&W
C&W Revolving Credit Facility
N/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)In January 2023, the LCR Revolving Credit Facility was amended and restated. The amended and restated $60 million LCR Revolving Credit Facility has a fee on unused commitments of 0.5% per year.
During 2022, borrowings related to significant credit facilities we drew down, entered into or amended, are as follows:
Borrowing group/BorrowerInstrumentIssued atAmount borrowedNon-cash component
in millions
C&W2028 CWP Term Loan100%$435.0 $272.9 
During 2021, borrowings related to significant notes we issued and credit facilities we drew down, entered into or amended, including activity related to the Chile JV Entities, are as follows:
Borrowing group/ BorrowerBorrowingNon-cash component
InstrumentIssued atBorrowing currencyUSD equivalent
USD in millions, CRC in billions
C&WC&W Term Loan B-6 Facility99.25%$590.0 $590.0 $555.0 
C&WC&W Revolving Credit FacilityN/A(a)$— 
Liberty Puerto Rico2029 LPR Senior Secured Notes100%$820.0 $820.0 $500.0 
Liberty Puerto Rico2028 LPR Term Loan100%$620.0 $620.0 $500.0 
Liberty Puerto RicoLPR Revolving Credit FacilityN/A(b)$— 
VTRVTR Notes100%$410.0 $410.0 $60.0 
VTRVTR Credit FacilitiesN/A$— $— $— 
Liberty Costa RicaLCR Term Loan B-1 Facility100%$227.5 $227.5 $— 
Liberty Costa RicaLCR Term Loan B-2 Facility100%CRC36.5 $58.8 $— 
(a)In September 2021, the C&W Revolving Credit Facility was amended to extend the maturity of $580 million in underlying commitments from January 30, 2026 to January 30, 2027.
(b)Total commitments under the LPR Revolving Credit Facility were increased by $48 million during 2021.
During 2023, we made certain repurchases or repayments on the following debt instruments:
Amount paid
Borrowing group / BorrowerInstrumentRedemption 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, if 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 Capped Calls.
During 2022, we made certain repurchases or repayments on the following debt instruments, including repayments related to the Chile JV Entities:
Borrowing group/ BorrowerInstrumentRedemption priceAmount paidNon-cash component
in millions
C&WC&W Regional Facilities100%$272.9 $272.9 
VTRVTR Notes(a)$48.1 $— 
(a)During the third quarter of 2022, in aggregate we repurchased and cancelled approximately $91 million original principal amount of certain of the outstanding senior secured notes and senior notes of the Chile JV Entities.
During 2021, we made certain repurchases or repayments on the following debt instruments, including repayments related to the Chile JV Entities:
Borrowing group/ BorrowerRedemption priceAmount paidNon-cash component
InstrumentBorrowing currencyUSD equivalent (a)
USD in millions, CRC in billions
C&W2026 C&W Senior Notes103.75%$500.0 $500.0 $500.0 
C&W2027 C&W Senior Secured Notes103%$55.0 $55.0 $55.0 
Liberty Puerto Rico2026 SPV Credit Facility100%$1,000.0 $1,000.0 $1,000.0 
Liberty Puerto Rico2027 LPR Senior Secured Notes103%$129.0 $129.0 $— 
VTRVTR Notes103%$120.0 $120.0 $60.0 
VTRVTR Credit Facilities100%CLP174.0 $242.5 $— 
(a)Translated at the transaction date, if applicable.
Maturities of Debt
Maturities of our debt as of December 31, 2023 are presented below. Amounts presented below represent U.S. dollar equivalents based on December 31, 2023 exchange rates.
C&WLiberty Puerto RicoLiberty
Costa Rica		Liberty Latin America (a)Consolidated
in millions
Years ending December 31:
2024$307.3 $58.2 $0.6 $220.8 $586.9 
202532.7 1.9 — — 34.6 
202625.3 — — — 25.3 
20271,717.6 1,161.0 — — 2,878.6 
20282,000.3 620.0 — — 2,620.3 
Thereafter786.3 860.2 450.0 — 2,096.5 
Total debt maturities4,869.5 2,701.3 450.6 220.8 8,242.2 
Premiums, discounts and deferred financing costs, net(25.9)(21.9)(14.4)(5.6)(67.8)
Total debt$4,843.6 $2,679.4 $436.2 $215.2 $8,174.4 
Current portion$307.3 $58.2 $0.6 $215.2 $581.3 
Noncurrent portion$4,536.3 $2,621.2 $435.6 $— $7,593.1 
(a)Represents the amount held by Liberty Latin America on a standalone basis plus the aggregate amount held by subsidiaries of Liberty Latin America that are outside our borrowing groups.
v3.24.0.1
Defined Benefit Plans
 12 Months Ended
Dec. 31, 2023
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,
20232022
in millions
Other assets, net$37.9 $119.4 
Other long-term liabilities(143.7)(146.6)
Net pension asset (liability)$(105.8)$(27.2)
The table below provides summary information for our defined benefit plans:
December 31,
20232022
in millions
Projected benefit obligations (a)$(1,621.0)$(1,543.7)
Fair value of plan assets (b)1,515.2 1,516.5 
Net pension asset (liability)$(105.8)$(27.2)
(a)The weighted average discount rate used in determining our benefit obligations was 5.6% and 6.0% at December 31, 2023 and 2022, respectively. A 1.0% increase or decrease in the weighted average discount rate would have a ($35 million) or $42 million impact, respectively, on the projected benefit obligations, net of the annuity insurance policies (as described further below).
(b)Our plan assets primarily comprise investments in insurance contracts, debt securities and equity securities. The fair value of plan assets at December 31, 2023 includes $242 million, $130 million and $1,151 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, 2022 includes $659 million, $116 million and $742 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, 2023, 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.
v3.24.0.1
Equity
 12 Months Ended
Dec. 31, 2023
Equity [Abstract]  
Equity Equity
Share Capital
A summary of the changes in our share capital during 2023, 2022 and 2021 is set forth in the table below:
Class AClass BClass C
in millions
Balance at January 1, 2021
49.0 1.9 181.1 
Repurchase of Liberty Latin America common shares(4.3)— (0.7)
Issued in connection with share-based compensation plans and other0.8 — 1.9 
Balance at December 31, 2021
45.5 1.9 182.3 
Balance at January 1, 2022
45.5 1.9 182.3 
Repurchase of Liberty Latin America common shares(4.5)— (14.8)
Issued in connection with share-based compensation plans and other1.7 0.2 3.8 
Balance at December 31, 2022
42.7 2.1 171.3 
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 
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.
Contribution from noncontrolling interest owners
During 2021, we received an equity contribution of $47 million from the noncontrolling interest owner of Liberty Servicios, the proceeds of which were used to partially fund the Liberty Telecomunicaciones Acquisition. This contribution represented their pro-rata share of the equity portion of the purchase price for the Liberty Telecomunicaciones Acquisition, and has been reflected as a contribution from noncontrolling interest owners in our consolidated statement of equity, and as a financing activity in our consolidated statement of cash flows.
Share Repurchase Programs
On March 16, 2020, our Directors approved the 2020 Share Repurchase Program, which authorized us to repurchase from time to time up to $100 million of our Class A common shares and/or Class C common shares through March 2022, subject to certain limitations and conditions. On February 22, 2022, our Directors approved the 2022 Share Repurchase Program. This program authorizes us to repurchase from time to time up to an additional $200 million of our Class A common shares and/or Class C common shares through December 2024. On May 8, 2023, our Directors approved an additional $200 million under the 2022 Share Repurchase Program through December 2025.
The 2022 Share Repurchase Program does not obligate us to repurchase any of our Class A or C common shares. Under the 2022 Share Repurchase Program, 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, 2023, the remaining amount authorized for share repurchases under the 2022 Share Repurchase Program was $139 million.
Capped Calls
In connection with the issuance of our Convertible Notes, we entered into the Capped Calls, which expires on July 15, 2024. The Capped Calls are 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. Collectively, the Capped Calls covered the number of the Company’s Class C common shares underlying the Convertible Notes, or $10.7 million of Class C common shares as of December 31, 2023. The Capped Calls had a strike price of $20.65 per Class C common share and the cap price per Class C common share ranged from $28.00 to $29.50, subject to anti-dilution adjustments substantially similar to those applicable to the conversion rate of the Convertible Notes. The 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.
v3.24.0.1
Programming and Other Direct Costs of Services
 12 Months Ended
Dec. 31, 2023
Other Income and Expenses [Abstract]  
Programming and Other Direct Costs of Services Programming and Other Direct Costs of Services
Programming and other direct costs of services 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.
Our programming and other direct costs of services by major category are set forth below.
 Year ended December 31,
 202320222021
 in millions
Programming and copyright$237.2 $360.3 $441.4 
Interconnect302.5 350.3 347.2 
Equipment320.6 369.8 308.7 
Other160.1 130.1 117.1 
Total programming and other direct costs$1,020.4 $1,210.5 $1,214.4 
v3.24.0.1
Other Operating Costs and Expenses
 12 Months Ended
Dec. 31, 2023
Other Income and Expenses [Abstract]  
Other Operating Costs and Expenses Other Operating Costs and Expenses
Other operating costs and expenses set forth in the table below comprise the following cost categories:
•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;
•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; and
•Share-based compensation expense that relates to (i) equity awards issued to our employees and Directors and (ii) certain bonus-related expenses that are paid in the form of equity.
Our other operating costs and expenses by major category are set forth below:
 Year ended December 31,
 202320222021
 in millions
Personnel and contract labor$557.6 $597.7 $575.1 
Network-related259.0 311.4 324.2 
Service-related227.6 210.8 196.5 
Commercial181.1 226.0 229.4 
Facility, provision, franchise and other563.8 542.3 460.1 
Share-based compensation expense88.7 93.5 118.1 
Total other operating costs and expenses$1,877.8 $1,981.7 $1,903.4 
v3.24.0.1
Share-based Compensation
 12 Months Ended
Dec. 31, 2023
Share-Based Payment Arrangement [Abstract]  
Share-based Compensation Share-based Compensation
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. SARs granted prior to 2020 expire seven years after the grant date, while SARs granted during or subsequent to 2020 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 2023, we recognized $6 million of expense associated with the LTVP, which is recorded in share-based compensation expense in our consolidated statement of operations.
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 2023, our Chief Executive Officer was granted a total of 0.3 million Class B PSUs, which will vest in March 2024 based upon the achievement of individual qualitative objectives.
•PSARs. During 2021 and 2022, certain key employees received the 2021 PSARs. Each award represents the right to
receive a payment in shares or, if the compensation committee so determines, 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, a performance period from January 1, 2021 to December 31, 2023 and will vest on March 16, 2024 based on the continued employment of the recipient through this date. The 2021 PSARs include performance conditions based on the achievement of individual qualitative objectives during the performance period. At both December 31, 2023 and 2022, we had 3 million Class A PSARs and 6 million Class C PSARs outstanding.
Share-based Compensation 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,
202320222021
Assumptions used to estimate fair value of SARs and PSARs:
Risk-free interest rate
3.5 - 4.2%
2.0 - 3.7%
0.8 - 1.4%
Expected life
6.0 - 10.0 years
6.0 - 10.0 years
6.0 - 10.0 years
Expected volatility
42.1 - 46.7%
40.2 - 49.8%
36.9 - 46.8%
Expected dividend yieldnonenonenone
Weighted average grant-date fair value per share of awards granted:
SARs$4.31 $4.91 $6.43 
PSARsN/A$5.92 $6.88 
RSUs$7.96 $9.49 $13.96 
PSUs$8.00 $6.11 $11.57 
As of December 31, 2023, we have $85 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 2 years.
For the amount of share-based compensation expense recognized during each period presented, see note 14.
Share-based Incentive Award Activity
The following tables summarize share-based incentive award activity during 2023 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, 2023
9.1 $13.91 
Granted
1.8 $7.82 
Forfeited
(0.9)$19.35 
Outstanding at December 31, 2023
10.0 $12.34 5.8$— 
Exercisable at December 31, 2023
5.9 $14.40 4.0$— 
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, 2023
18.3 $13.92 
Granted
3.6 $7.79 
Forfeited
(1.8)$19.49 
Outstanding at December 31, 2023
20.1 $12.34 5.8$— 
Exercisable at December 31, 2023
11.8 $14.40 4.0$— 
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, 2023
2.1 $10.74 
Granted1.2 $7.96 
Forfeited
(0.1)$10.23 
Released from restrictions(1.1)$10.73 
Outstanding at December 31, 2023
2.1 $9.22 1.6
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, 2023
4.3 $11.04 
Granted2.5 $7.96 
Forfeited
(0.2)$10.21 
Released from restrictions(2.3)$10.65 
Outstanding at December 31, 2023
4.3 $9.20 1.6
v3.24.0.1
Income Taxes
 12 Months Ended
Dec. 31, 2023
Income Tax Disclosure [Abstract]  
Income Taxes Income Taxes
On July 11, 2017, Liberty Latin America was formed as a corporation in Bermuda. While Bermuda does not currently assess taxes on income, subsidiaries in other jurisdictions are taxable operations and file income tax returns in their respective jurisdictions. The income taxes of Liberty Latin America are presented on a standalone basis, and each tax paying entity or group within Liberty Latin America is presented on a separate return basis, unless a combined or consolidated tax return regime is permitted.
The components of our loss before income taxes are as follows:
 Year ended December 31,
 202320222021
 in millions
Domestic (a)$(90.9)$(97.6)$(85.7)
Foreign (b) (c)28.5 (25.4)(232.3)
Total$(62.4)$(123.0)$(318.0)
(a)Liberty Latin America is considered a stand-alone Bermuda entity.
(b)Amounts for the year ended December 31, 2022 include a goodwill impairment charge of $555 million and a $13 million impairment associated with a cost method investment, both of which occurred at our C&W Caribbean segment. Amounts for the year ended December 31, 2021 include a goodwill impairment charge of $605 million and a $41 million impairment associated with a cost method investment, both of which occurred at our C&W Caribbean segment.
(c)For the year ended December 31, 2023, significant jurisdictions that comprise the “foreign” component of our loss before income taxes include Bahamas, Barbados, British Virgin Islands, Colombia, Costa Rica, Jamaica, Panama, Puerto Rico, Spain, St. Kitts, St. Lucia, Trinidad, the United Kingdom, United States and U.S. Virgin Islands. For the year ended December 31, 2022, significant jurisdictions that comprise the “foreign” component of our loss before income taxes include Bahamas, Barbados, British Virgin Islands, Chile, Colombia, Costa Rica, Curacao, Jamaica, the Netherlands, Panama, Puerto Rico, Spain, Trinidad, the United Kingdom, United States and U.S. Virgin Islands. For the year ended December 31, 2021, significant jurisdictions that comprise the “foreign” component of our loss before income taxes include Bahamas, Barbados, British Virgin Islands, Chile, Costa Rica, Curacao, Jamaica, the Netherlands, Panama, Puerto Rico, Trinidad, the United Kingdom, United States and U.S. Virgin Islands.
Income tax benefit (expense) consists of:
CurrentDeferredTotal
 in millions
Year ended December 31, 2023:
Domestic$— $— $— 
Foreign(111.8)87.4 (24.4)
Total$(111.8)$87.4 $(24.4)
Year ended December 31, 2022:
Domestic$— $— $— 
Foreign(93.2)8.4 (84.8)
Total$(93.2)$8.4 $(84.8)
Year ended December 31, 2021:
Domestic$— $— $— 
Foreign(85.5)(87.1)(172.6)
Total$(85.5)$(87.1)$(172.6)
Income tax expense attributable to our loss before income taxes differs from the amounts computed by using the applicable tax rate as a result of the following:
Year ended December 31,
 202320222021
 in millions
Computed expected tax benefit (a)$— $— $— 
Permanent differences (b)(49.3)46.8 (13.6)
Basis and other differences in the treatment of items associated with investments in Liberty Latin America entities1.5 (1.2)1.4 
(Increases) Decreases in valuation allowances(161.5)188.8 (321.6)
Expiration of deferred tax assets with full valuation allowance(12.3)(12.7)(129.5)
International rate differences (a) (c)88.2 49.9 82.2 
Changes in uncertain tax positions(0.4)(24.5)(1.0)
Enacted tax law and rate changes (d) (e) (f) (g) (h)128.4 (162.2)393.7 
Effect of non-deductible goodwill impairments— (174.3)(201.2)
Effect of tax credits18.3 15.9 38.7 
Withholding and capital gains taxes(40.0)(13.3)(23.4)
Other, net2.7 2.0 1.7 
Total income tax expense$(24.4)$(84.8)$(172.6)
(a)On July 11, 2017, Liberty Latin America was formed as a corporation in Bermuda where the Company has a “statutory” or “expected” tax rate of 0% in 2023, 2022 and 2021. The majority of our subsidiaries operate in jurisdictions where income tax is imposed at local applicable rates, resulting in “international rate differences,” as shown in the table above that reflect the computed tax benefit (expense) of pre-tax book income (loss) in the respective taxable jurisdiction.
(b)Permanent differences primarily relate to various non-taxable income or non-deductible expenses, such as Caribbean Community (CARICOM) treaty income, limitations on deductible management fees, or executive compensation, among others.
(c)The 2023 corporate tax rates applicable to our primary material jurisdictions are as follows: Bahamas, 0%; Barbados, 1% to 5.5%; British Virgin Islands, 0%; Colombia, 35%; Costa Rica, 30%; Jamaica, 33.33%; Panama, 25%; Puerto Rico, 37.5%; Spain, 25%; St. Kitts, 33%; St. Lucia, 30%; Trinidad, 30%; the United Kingdom, 25%; United States, 21%; and U.S. Virgin Islands, 23.10%.
(d)On June 10, 2021, the United Kingdom Finance Bill of 2021 enacted an increase in the main corporate tax rate to 25%, with effect from April 1, 2023. While deferred tax assets were re-valued as of enactment, there is a net nil tax impact of this on the total tax result due to a full valuation allowance on all deferred tax items in the U.K.
(e)On September 14, 2021, legislation was enacted in Colombia. Changes include an increase in the corporate income tax to 35% from January 1, 2022. Substantially all of the impact of this rate change on our deferred tax balances was recorded during the third quarter of 2021 when the change in law was enacted.
(f)On December 27, 2021, the Netherlands enacted legislation increasing the top corporate income tax rate to 25.8%. with effect from January 1, 2022. While deferred tax assets were re-valued, there is a net nil tax impact of this on the total tax result due to a full valuation allowance on all deferred tax items in the Netherlands as of December 31, 2022.
(g)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.
(h)On December 22, 2023, 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.
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,
 20232022
 in millions
Deferred tax assets$57.0 $31.0 
Deferred tax liabilities(630.6)(688.7)
Net deferred tax liability$(573.6)$(657.7)
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,
 20232022
 in millions
Deferred tax assets:
Net operating losses, tax credits and other carryforwards$2,408.3 $2,276.4 
Deferred revenue12.5 13.7 
Unrealized gains and losses12.3 16.0 
Accrued expenses41.1 35.1 
Other future deductible amounts2.6 1.0 
Deferred tax assets2,476.8 2,342.2 
Valuation allowance(1,942.5)(1,780.4)
Deferred tax assets, net of valuation allowance534.3 561.8 
Deferred tax liabilities:
Investments(244.5)(255.4)
Intangible assets(641.7)(663.5)
Property and equipment, net(221.1)(298.5)
Un-remitted foreign earnings(0.6)(2.1)
Deferred tax liabilities(1,107.9)(1,219.5)
Net deferred tax liability$(573.6)$(657.7)
The changes in our valuation allowances are summarized below: 
Year ended December 31,
202320222021
 in millions
Balance at January 1$1,780.4 $1,940.3 $1,630.9 
Net tax expense (benefit) related to operations 161.5 (188.8)321.6 
Translation adjustments (1.1)(6.2)(9.1)
Business acquisitions and other1.7 35.1 (3.1)
Balance at December 31$1,942.5 $1,780.4 $1,940.3 
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, 2023 are as follows:
CountryTax loss
carryforward		Related
tax asset		Expiration
date
 in millions 
U.K.:
Amount attributable to capital losses$4,704.3 $1,176.1 Indefinite
Amount attributable to net operating losses1,337.5 334.4 Indefinite
Barbados685.0 17.5 2024 - 2030
Jamaica411.9 137.2 Indefinite
Bermuda341.6 51.2 Indefinite
Puerto Rico268.0 81.9 2024 - 2032
Curacao155.8 37.0 2024 - 2033
U.S.68.3 16.0 2033 - Indefinite
Panama36.4 9.1 2024-2028
U.S. Virgin Islands
56.3 13.0 2033-Indefinite
Colombia15.5 5.4 Indefinite
Other26.2 7.3 Various
Total$8,106.8 $1,886.1 
As of December 31, 2023, a valuation allowance of $1,765 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 2023 and 2022, we have foreign tax credit carryforwards of $7 million and $13 million, respectively, which are available in the U.S. Substantially all credits not utilized will expire at the end of 2033.
In 2023 and 2022, we have alternative minimum tax credit carryforwards in the amounts of $49 million and $47 million, respectively, attributable to our operations in Puerto Rico for which the current tax law provides no period of expiration.
In 2023, we have research and development credit carryforwards of $13 million available in Puerto Rico for which current law provides no period of expiration.
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,
202320222021
 in millions
Balance at January 1$37.6 $12.0 $32.0 
Additions for tax positions of prior years0.7 12.7 1.0 
Additions based on tax positions related to the current year6.0 14.5 — 
Lapse of statute of limitations(1.4)(1.7)(3.4)
Foreign currency translation— 0.1 (2.4)
Decrease for settlement with tax authorities — — (3.9)
Reductions for tax positions of prior years(17.4)— — 
Reclassification to liabilities associated with assets held for sale— — (11.3)
Balance at December 31$25.5 $37.6 $12.0 
No assurance can be given that any of these unrecognized tax benefits will be recognized or realized.
As of December 31, 2023, all of our unrecognized tax benefits would have a favorable impact on our effective income tax rate if ultimately recognized.
During 2024, 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, 2023. 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 2024. No assurance can be given as to the nature or impact of any changes in our unrecognized tax positions during 2024.
During 2023, 2022 and 2021, our income tax expense includes interest expense of $12.4 million, $0.2 million and $1 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 $25 million and $13 million at December 31, 2023 and 2022, respectively.
v3.24.0.1
Earnings or Loss per Share
 12 Months Ended
Dec. 31, 2023
Earnings Per Share [Abstract]  
Earnings or Loss per Share Earnings or Loss per Share
Basic EPS is computed by dividing net earnings or loss attributable to Liberty Latin America shareholders by the weighted average number of Liberty Latin America Shares outstanding during the years presented, as further described below. Diluted EPS presents the dilutive effect, if any, on a per share basis of dilutive securities as if they had been exercised, vested or converted at the beginning of the periods presented.
The details of the calculations of our basic and diluted EPS are set forth below:
Year ended December 31,
202320222021
in millions, except per share amounts
Numerator:
Net loss attributable to Liberty Latin America shareholders - basic and diluted$(73.6)$(170.7)$(440.6)
Denominator:
Weighted average shares - basic and diluted (a)210.0 222.6 232.6 
Basic and diluted net loss per share attributable to Liberty Latin America shareholders$(0.35)$(0.77)$(1.89)
(a)We reported losses attributable to Liberty Latin America shareholders during 2023, 2022 and 2021. As a result, the potentially dilutive effect of the following items was not included in the computation of diluted EPS for such periods because their inclusion would have been anti-dilutive to the computation or, in the case of certain PSUs and PSARs, because such awards had not yet met the applicable performance criteria:
 December 31,
 202320222021
in millions
Aggregate number of shares issuable pursuant to:
Outstanding options, SARs and RSUs
37.7 35.4 24.7 
Outstanding PSUs and PSARs
8.7 8.7 10.1 
LTVP
3.4 — — 
ESPP
0.2 — — 
Aggregate number of shares potentially issuable under our Convertible Notes (if-converted method) (i)
10.7 19.5 19.5 
(i)With regards to the aggregate number of shares potentially issuable under our Convertible Notes, the Capped Calls provide 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 are required to make in excess of the principal amount of such converted notes, as the case may be, with such reduction and/or offset subject to a cap.
v3.24.0.1
Accumulated Other Comprehensive Loss
 12 Months Ended
Dec. 31, 2023
Comprehensive Income (Loss), Net of Tax, Including Portion Attributable to Noncontrolling Interest [Abstract]  
Accumulated Other Comprehensive Loss Accumulated Other Comprehensive Loss
Accumulated other comprehensive 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. The changes in the components of accumulated other comprehensive 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, 2021$(143.2)$17.6 $(125.6)$(9.6)$(135.2)
Other comprehensive earnings5.7 30.2 35.9 (0.9)35.0 
Balance at December 31, 2021(137.5)47.8 (89.7)(10.5)(100.2)
Other comprehensive loss53.8 (113.3)(59.5)(0.5)(60.0)
Balance at December 31, 2022(83.7)(65.5)(149.2)(11.0)(160.2)
Other comprehensive loss24.9 (73.7)(48.8)1.1 (47.7)
Balance at December 31, 2023$(58.8)$(139.2)$(198.0)$(9.9)$(207.9)
The components of other comprehensive earnings (loss), net of taxes, are reflected in our consolidated statements of comprehensive 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 benefit (expense)Net-of-tax
amount
 in millions
Year ended December 31, 2023:
Foreign currency translation adjustments$25.9 $— $25.9 
Pension-related adjustments and other(73.6)— (73.6)
Other comprehensive loss(47.7)— (47.7)
Other comprehensive loss attributable to noncontrolling interests (a)(1.1)— (1.1)
Other comprehensive loss attributable to Liberty Latin America shareholders$(48.8)$— $(48.8)
Year ended December 31, 2022:
Foreign currency translation adjustments$53.1 $— $53.1 
Pension-related adjustments and other(114.0)0.9 (113.1)
Other comprehensive loss(60.9)0.9 (60.0)
Other comprehensive loss attributable to noncontrolling interests (a)0.5 — 0.5 
Other comprehensive loss attributable to Liberty Latin America shareholders$(60.4)$0.9 $(59.5)
Year ended December 31, 2021:
Foreign currency translation adjustments$4.8 $— $4.8 
Pension-related adjustments and other34.4 (4.2)30.2 
Other comprehensive earnings39.2 (4.2)35.0 
Other comprehensive loss attributable to noncontrolling interests (a)0.9 — 0.9 
Other comprehensive earnings attributable to Liberty Latin America shareholders$40.1 $(4.2)$35.9 
(a)Amounts represent the noncontrolling interest owners’ share of our foreign currency translation adjustments and pension-related adjustments.
v3.24.0.1
Commitments and Contingencies
 12 Months Ended
Dec. 31, 2023
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.
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.
v3.24.0.1
Segment Reporting
 12 Months Ended
Dec. 31, 2023
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, 2023, unless otherwise specified below, our reportable segments are as follows:
•C&W Caribbean;
•C&W Panama;
•Liberty Networks;
•Liberty Puerto Rico;
•Liberty Costa Rica; and
•VTR (through September 30, 2022, see note 6).
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 to evaluate segment operating performance. Adjusted OIBDA is also a key factor that is used by our internal decision makers to (i) determine how to allocate resources to segments and (ii) evaluate the effectiveness of our management for purposes of incentive compensation plans. 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 and our corporate operations. 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. Subsequent to the formation of the Chile JV during October 2022, VTR is no longer consolidated.
Revenue
Year ended December 31,
 202320222021
 in millions
C&W Caribbean$1,437.0 $1,436.8 $1,389.9 
C&W Panama742.6 642.7 568.1 
Liberty Networks453.3 450.8 431.9 
Liberty Puerto Rico1,417.7 1,463.6 1,446.2 
Liberty Costa Rica547.9 441.3 258.5 
VTR— 450.6 787.5 
Corporate23.5 22.2 21.6 
Intersegment eliminations(110.9)(99.4)(92.4)
Total$4,511.1 $4,808.6 $4,811.3 
Adjusted OIBDA
Year ended December 31,
 202320222021
in millions
C&W Caribbean$596.9 $535.2 $482.9 
C&W Panama227.7 188.8 200.1 
Liberty Networks261.5 276.3 264.3 
Liberty Puerto Rico485.5 530.8 577.4 
Liberty Costa Rica203.1 134.7 80.2 
VTR— 115.6 259.6 
Corporate(73.1)(71.5)(52.9)
Total$1,701.6 $1,709.9 $1,811.6 
The following table provides a reconciliation of total Adjusted OIBDA to operating income and to loss before income taxes:
 Year ended December 31,
 202320222021
 in millions
Total Adjusted OIBDA$1,701.6 $1,709.9 $1,811.6 
Share-based compensation expense(88.7)(93.5)(118.1)
Depreciation and amortization(1,008.3)(910.7)(964.7)
Impairment, restructuring and other operating items, net(86.9)(619.2)(665.0)
Operating income517.7 86.5 63.8 
Interest expense(601.7)(556.7)(527.4)
Realized and unrealized gains (losses) on derivative instruments, net(34.2)359.4 564.1 
Foreign currency transaction gains (losses), net70.3 (194.3)(319.6)
Gains (losses) on debt extinguishments, net(3.9)41.1 (57.2)
Gain on disposal of the Chile JV Entities— 169.4 — 
Other expense, net(10.6)(28.4)(41.7)
Loss before income taxes$(62.4)$(123.0)$(318.0)
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 8.
 Year ended December 31,
 202320222021
 in millions
C&W Caribbean$235.1 $230.7 $222.9 
C&W Panama117.0 98.4 88.9 
Liberty Networks47.6 40.2 45.3 
Liberty Puerto Rico219.0 233.5 219.2 
Liberty Costa Rica75.3 65.5 45.0 
VTR— 107.3 199.1 
Corporate36.9 40.7 35.5 
Total property and equipment additions730.9 816.3 855.9 
Assets acquired under capital-related vendor financing arrangements(143.8)(161.1)(100.5)
Changes in current liabilities related to capital expenditures and other(2.1)4.9 (19.1)
Total capital expenditures, net$585.0 $660.1 $736.3 
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.
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, 2023
 C&W CaribbeanC&W PanamaLiberty NetworksLiberty 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 (a)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 (b)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)The total amount includes $259 million of revenue from sales of mobile handsets and other devices to residential mobile customers.
(b)The total amount includes $26 million of revenue from sales of mobile handsets and other devices to B2B mobile customers.
Year ended December 31, 2022
 C&W CaribbeanC&W PanamaLiberty NetworksLiberty Puerto RicoLiberty Costa RicaVTRCorporateIntersegment EliminationsTotal
 in millions
Residential revenue:
Residential fixed revenue:
Subscription revenue$484.3 $102.8 $— $457.3 $131.5 $392.3 $— $— $1,568.2 
Non-subscription revenue 32.6 7.3 — 22.1 5.1 8.9 — — 76.0 
Total residential fixed revenue516.9 110.1 — 479.4 136.6 401.2 — — 1,644.2 
Residential mobile revenue:
Service revenue314.5 218.6 — 441.5 195.1 25.8 — — 1,195.5 
Interconnect, inbound roaming, equipment sales and other (a)67.9 49.5 — 268.4 64.8 2.9 22.2 — 475.7 
Total residential mobile revenue382.4 268.1 — 709.9 259.9 28.7 22.2 — 1,671.2 
Total residential revenue899.3 378.2 — 1,189.3 396.5 429.9 22.2 — 3,315.4 
B2B revenue (b)537.5 264.5 450.8 220.6 44.8 20.7 — (99.4)1,439.5 
Other revenue— — — 53.7 — — — — 53.7 
Total$1,436.8 $642.7 $450.8 $1,463.6 $441.3 $450.6 $22.2 $(99.4)$4,808.6 
(a)The total amount includes $257 million of revenue from sales of mobile handsets and other devices to residential mobile customers.
(b)The total amount includes $26 million of revenue from sales of mobile handsets and other devices to B2B mobile customers.
Year ended December 31, 2021
 C&W CaribbeanC&W PanamaLiberty NetworksLiberty Puerto RicoLiberty Costa RicaVTRCorporateIntersegment EliminationsTotal
 in millions
Residential revenue:
Residential fixed revenue:
Subscription revenue$473.4 $87.9 $— $438.2 $134.2 $685.1 $— $— $1,818.8 
Non-subscription revenue 34.6 9.5 — 19.3 6.1 14.9 — — 84.4 
Total residential fixed revenue508.0 97.4 — 457.5 140.3 700.0 — — 1,903.2 
Residential mobile revenue:
Service revenue300.2 176.4 — 477.3 72.7 48.0 — — 1,074.6 
Interconnect, inbound roaming, equipment sales and other (a)63.9 44.5 — 253.5 27.1 7.3 21.6 — 417.9 
Total residential mobile revenue364.1 220.9 — 730.8 99.8 55.3 21.6 — 1,492.5 
Total residential revenue872.1 318.3 — 1,188.3 240.1 755.3 21.6 — 3,395.7 
B2B revenue (b)517.8 249.8 431.9 220.4 18.4 32.2 — (92.4)1,378.1 
Other revenue— — — 37.5 — — — — 37.5 
Total$1,389.9 $568.1 $431.9 $1,446.2 $258.5 $787.5 $21.6 $(92.4)$4,811.3 
(a)The total amount includes $219 million of revenue from sales of mobile handsets and other devices to residential mobile customers.
(b)The total amount includes $33 million of revenue from sales of mobile handsets and other devices to B2B mobile customers.
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,
 202320222021
 in millions
Puerto Rico$1,354.5 $1,413.0 $1,392.0 
Panama739.7 639.7 565.9 
Costa Rica547.1 440.8 258.2 
Jamaica405.7 428.8 402.0 
Networks & Latam (a)364.6 369.4 355.8 
The Bahamas193.4 194.7 189.9 
Trinidad and Tobago156.5 159.3 158.2 
Barbados157.6 148.0 141.6 
Curacao135.6 134.0 137.9 
Chile— 450.6 787.5 
Other (b)456.4 430.3 422.3 
Total $4,511.1 $4,808.6 $4,811.3 
(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,
 2023
2022
 in millions
Puerto Rico$1,114.3 $1,166.7 
Networks & LatAm619.4 634.3 
Panama454.8 481.3 
Jamaica368.6 372.4 
The Bahamas289.4 312.0 
Costa Rica290.7 250.7 
Trinidad and Tobago217.5 221.0 
Barbados150.1 164.6 
Curacao127.8 141.8 
Other (a)573.1 548.8 
Total
$4,205.7 $4,293.6 
(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.
v3.24.0.1
Parent Company Financial Information
 12 Months Ended
Dec. 31, 2023
Condensed Financial Information Disclosure [Abstract]  
Parent Company Financial Information Parent Company Financial Information
December 31,
20232022
 in millions
ASSETS
Current assets:
Cash and cash equivalents $27.9 $23.5 
Other receivables – related-party199.4 169.5 
Prepaid expenses1.0 1.3 
Other current assets0.2 0.2 
Total current assets
228.5 194.5 
Investments in consolidated subsidiaries
1,850.9 2,193.4 
Total assets$2,079.4 $2,387.9 
LIABILITIES AND SHAREHOLDERS’ EQUITY
Current liabilities:
Related-party liabilities$99.7 $87.6 
Current portion of debt and finance lease obligations214.7 — 
Accrued liabilities and other1.5 6.7 
Total current liabilities
315.9 94.3 
Long-term debt and finance lease obligations— 374.8 
Total liabilities315.9 469.1 
Shareholders’ equity:
Class A, $0.01 par value; 500.0 million shares authorized; 52.6 million and 40.8 million shares issued and outstanding, respectively, at December 31, 2023; 51.8 million and 42.7 million shares issued and outstanding, respectively, at December 31, 2022
0.5 0.5 
Class B, $0.01 par value; 50.0 million shares authorized; 2.2 million shares issued and outstanding at December 31, 2023 and 2.1 million shares issued and outstanding at December 31, 2022
— — 
Class C, $0.01 par value; 500.0 million shares authorized; 189.6 million and 161.7 million shares issued and outstanding, respectively, at December 31, 2023; 187.4 million and 171.3 million shares issued and outstanding, respectively, at December 31, 2022
1.9 1.9 
Treasury shares, at cost; 39.6 million and 25.3 million shares, respectively
(361.2)(243.4)
Additional paid-in capital5,262.0 5,177.1 
Accumulated deficit(2,941.7)(2,868.1)
Accumulated other comprehensive loss, net of taxes(198.0)(149.2)
Total shareholders’ equity1,763.5 1,918.8 
Total liabilities and shareholders’ equity$2,079.4 $2,387.9 
Year ended December 31,
 202320222021

in millions
Operating costs and expenses:
Other operating costs and expenses$19.0 $12.4 $11.2 
Related-party charges and other operating items, net19.4 29.3 37.3 
Operating loss(38.4)(41.7)(48.5)
Non-operating income (expense):
Interest expense(20.2)(24.8)(23.8)
Gains on debt extinguishments, net .0.9 — — 
Other income (expense), net0.6 (9.6)0.7 
(18.7)(34.4)(23.1)
Loss before equity in losses of consolidated subsidiaries(57.1)(76.1)(71.6)
Equity in losses of consolidated subsidiaries, net(16.5)(94.6)(369.0)
Net loss$(73.6)$(170.7)$(440.6)
Year ended December 31,
 202320222021
in millions
Cash flows from operating activities:
Net loss$(73.6)$(170.7)$(440.6)
Adjustments to reconcile net loss to net cash provided by operating activities:
Equity in losses of consolidated subsidiaries, net16.5 94.6 369.0 
Share-based compensation expense10.7 3.9 2.3 
Gains on debt extinguishments, net(0.9)— — 
Amortization of debt financing costs13.9 16.8 15.7 
Changes in operating assets and liabilities53.1 92.3 124.6 
Net cash provided by operating activities19.7 36.9 71.0 
Cash flows from investing activities:
Distribution and repayments from (investments in) consolidated subsidiaries, net277.3 53.5 (128.7)
Net cash provided (used) by investing activities277.3 53.5 (128.7)
Cash flows from financing activities:
Borrowings of related-party debt— 30.0 — 
Repurchase of Liberty Latin America common shares(118.3)(170.4)(63.0)
Payments of principal amounts of debt and finance lease obligations(173.0)— — 
Other financing activities, net(1.3)0.9 — 
Net cash used by financing activities(292.6)(139.5)(63.0)
Net increase (decrease) in cash, cash equivalents and restricted cash4.4 (49.1)(120.7)
Cash, cash equivalents and restricted cash:
Beginning of year23.5 72.6 193.3 
End of year$27.9 $23.5 $72.6 
v3.24.0.1
Pay vs Performance Disclosure - USD ($)
$ in Millions
 3 Months Ended 12 Months Ended
Dec. 31, 2022
Sep. 30, 2022
Jun. 30, 2022
Mar. 31, 2022
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Pay vs Performance Disclosure              
Net earnings (loss) attributable to Liberty Latin America shareholders $ 138.6 $ 75.7 $ (463.5) $ 78.5 $ (73.6) $ (170.7) $ (440.6)
v3.24.0.1
Insider Trading Arrangements
 3 Months Ended
Dec. 31, 2023
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
v3.24.0.1
Summary of Significant Accounting Policies (Policies)
 12 Months Ended
Dec. 31, 2023
Accounting Policies [Abstract]  
Accounting Changes
Accounting Changes
ASU 2022-04
In September 2022, the FASB issued ASU No. 2022-04, Liabilities—Supplier Finance Programs (ASU 2022-04), which requires that a buyer in a supplier finance program disclose certain information about the program to allow financial statement users to understand the nature of the program, activity during the period and changes to the program from period to period. In each annual reporting period, the disclosure requirements include (i) the key terms of the program, including payment terms, (ii) the amount and location in the balance sheet of obligations outstanding with the finance provider or intermediary, and (iii) a rollforward of the obligations during the annual period. In each interim reporting period, the disclosure requirements include the amount of obligations outstanding that the buyer has confirmed as valid to the finance provider or intermediary as of the end of the interim period. The rollforward disclosure is effective for fiscal years beginning after December 15, 2023, while the remaining annual disclosures are required to be disclosed on an interim basis in the year of adoption. We adopted ASU 2022-04 effective January 1, 2023. Disclosures surrounding our supplier finance programs are included in note 10.
Recent Accounting Pronouncements
ASU 2020-04, ASU 2021-01 and ASU 2022-06
In March 2020, the FASB issued ASU No. 2020-04, Reference Rate Reform (Topic 848): Facilitation of the Effects of Reference Rate Reform on Financial Reporting (ASU 2020-04), which provides optional guidance for a limited time to ease the potential accounting burden associated with transitioning away from reference rates, such as LIBOR. In January 2021, the FASB issued ASU No. 2021-01, Reference Rate Reform (Topic 848) (ASU 2021-01), which clarifies certain optional expedients and exceptions in Topic 848. The expedients and exceptions provided by ASU 2020-04 and ASU 2021-01 are for the application of U.S. GAAP to contracts, hedging relationships and other transactions affected by the rate reform, and was initially not intended to be available after December 31, 2022, other than for certain hedging relationships entered into before December 31, 2022. In December 2022, the FASB issued ASU No. 2022-06, Reference Rate Reform (Topic 848): Deferral of the Sunset Date of Topic 848 (ASU 2022-06), which defers the expiration date of Topic 848 from December 31, 2022, to December 31, 2024, and permits companies to apply the guidance in Topic 848 through the expected cessation date of USD LIBOR. Through December 31, 2023, the phase out of LIBOR has not had a material impact on our consolidated financial statements.
ASU 2023-07
In November 2023, the FASB issued ASU No. 2023-07, Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures (ASU 2023-07), which requires enhanced disclosures surrounding significant segment expenses. In each annual and interim period, entities are required to disclose (i) significant segment expenses that are regularly provided to the CODM and are included within each reported measure of segment profit or loss, (ii) an amount and description for other segment items by reportable segment, where the other items category represents the difference between segment revenue, significant segment expenses and the reported measure of segment profit or loss, (iii) all annual disclosures about a reportable segment’s profit or loss and assets currently required by Topic 280, and (iv) the title and position of the CODM and an explanation of how the CODM uses the reported measure of segment profit or loss in assessing segment performance and deciding how to allocate resources. In addition, ASU 2023-07 clarifies that a public entity may disclose more than one measure of a segment’s profit or loss if the CODM uses more than one measure to assess segment performance and allocate resources. ASU 2023-07 is effective for fiscal years beginning after December 15, 2023, and interim periods within fiscal years beginning after December 15, 2024 with early adoption permitted. We are currently evaluating the impact this standard will have on the footnotes to our consolidated financial statements.
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 are currently evaluating the impact this standard will have on the footnotes to 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 $73 million and $64 million at December 31, 2023 and 2022, 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 2023 and 2022, we generated approximately $32 million and $48 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 $119 million and $81 million at December 31, 2023 and 2022, 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 7 and 10, respectively.
Derivative Instruments
Derivative Instruments
Derivative Instruments Recorded at Fair Value
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 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 7.
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 8.
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. Our spectrum licenses in Puerto Rico are issued for only a fixed time (generally 10 years or less), but renewals occur routinely and at nominal cost. 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. Spectrum licenses in certain of our markets are time-limited and renewals
generally must be purchased at rates established by local authorities. Spectrum licenses in markets other than Puerto Rico are therefore amortized over a finite period. 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 $142 million and $107 million as of December 31, 2023 and 2022, 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, 2023 and 2022 was $259 million and $261 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 20. 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 nonrecurring 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 Capacity Contracts. We enter into certain long-term 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. We assess whether prepaid capacity 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 capacity contracts is deferred and generally recognized on a straight-line basis over the life of the contract. As of December 31, 2023, we have approximately $280 million of unfulfilled performance obligations relating to our long-term capacity contracts, primarily subsea 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 9.
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. In order 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. 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.
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 7. 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 7.
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, impairment assessments and the initial valuation related to our equity method investment in the Chile JV. For information concerning our investment in the Chile JV, including the initial fair value assessment, see note 6.
Acquisition Accounting
Acquisition Accounting
The nonrecurring valuations associated with acquisition accounting, which use significant unobservable inputs and therefore fall under Level 3 of the fair value hierarchy, primarily include the valuation of property and equipment, customer relationships and spectrum intangible assets, as further described below:
•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.
•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 (e.g. the “greenfield” valuation method), which requires a wide range of assumptions and inputs, including forecasting costs associated with building a complementary asset base.
During 2023 and 2022, we finalized our acquisition accounting for the Claro Panama Acquisition and the Liberty Telecomunicaciones Acquisition, respectively, neither of which resulted in any material changes to the respective opening balance sheets. For additional information relating to the opening balance sheet for the Claro Panama Acquisition and the Liberty Telecomunicaciones Acquisition, see note 5.
Impairment Assessments and Goodwill
Impairment Assessments
The nonrecurring valuations associated with impairment assessments, which use significant unobservable inputs and therefore fall under Level 3 of the fair value hierarchy, primarily include the valuation of reporting units for the purpose of testing for goodwill impairment. 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.
Goodwill
During 2023, we completed our annual goodwill impairment assessment, which did not result in goodwill impairments for any of our reporting units. During the second quarter of 2022, primarily due to significant increases in interest rates, we performed goodwill impairment analyses of all of our reporting units. Based upon the results of the aforementioned analysis, we recognized impairment charges associated with certain reporting units of our C&W Caribbean segment. For both of these 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.
For additional information regarding goodwill impairment charges resulting from these impairment analyses, see note 8.
v3.24.0.1
Basis of Presentation (Tables)
 12 Months Ended
Dec. 31, 2023
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Schedule of Condensed Financial Statements
Three months endedYear ended
March 31, 2022June 30, 2022September 30, 2022December 31, 2022December 31, 2022December 31, 2021
in millions
Revenue
As previously reported$1,216.2 $1,216.2 $1,222.0 $1,160.7 $4,815.1 $4,814.8 
Adjustments(0.6)(3.2)(1.2)(1.5)(6.5)(3.5)
As adjusted$1,215.6 $1,213.0 $1,220.8 $1,159.2 $4,808.6 $4,811.3 
Operating income (loss)
As previously reported$184.6 $(352.9)$152.9 $109.5 $94.1 $67.3 
Adjustments(0.6)(3.2)(1.2)(2.6)(7.6)(3.5)
As adjusted$184.0 $(356.1)$151.7 $106.9 $86.5 $63.8 
Earnings (loss) before income taxes
As previously reported$113.0 $(468.9)$121.9 $118.6 $(115.4)$(314.5)
Adjustments(0.6)(3.2)(1.2)(2.6)(7.6)(3.5)
As adjusted$112.4 $(472.1)$120.7 $116.0 $(123.0)$(318.0)
Net earnings (loss) attributable to Liberty Latin America shareholders
As previously reported$80.6 $(475.0)$84.1 $134.7 $(175.6)$(437.8)
Adjustments(2.1)11.5 (8.4)3.9 4.9 (2.8)
As adjusted$78.5 $(463.5)$75.7 $138.6 $(170.7)$(440.6)
Six months ended June 30, 2022Nine months ended September 30, 2022
in millions
Revenue
As previously reported$2,432.4 $3,654.4 
Adjustments(3.8)(5.0)
As adjusted$2,428.6 $3,649.4 
Operating loss
As previously reported$(168.3)$(15.4)
Adjustments(3.8)(5.0)
As adjusted$(172.1)$(20.4)
Loss before income taxes
As previously reported$(355.9)$(234.0)
Adjustments(3.8)(5.0)
As adjusted$(359.7)$(239.0)
Net loss attributable to Liberty Latin America shareholders
As previously reported$(394.4)$(310.3)
Adjustments9.4 1.0 
As adjusted$(385.0)$(309.3)
Three months endedSix months ended
March 31, 2023June 30, 2023June 30, 2023
in millions
Revenue
As previously reported$1,103.8 $1,122.7 $2,226.5 
Adjustments(2.3)(2.5)(4.8)
As adjusted$1,101.5 $1,120.2 $2,221.7 
Operating income
As previously reported$113.0 $139.5 $252.5 
Adjustments(6.4)(4.1)(10.5)
As adjusted$106.6 $135.4 $242.0 
Earnings (loss) before income taxes
As previously reported$(49.8)$49.8 $— 
Adjustments(6.4)(4.1)(10.5)
As adjusted$(56.2)$45.7 $(10.5)
Net earnings (loss) attributable to Liberty Latin America shareholders
As previously reported$(49.7)$38.2 $(11.5)
Adjustments(15.9)(3.1)(19.0)
As adjusted$(65.6)$35.1 $(30.5)
December 31, 2022
As Previously ReportedAdjustmentsAs Adjusted
in millions
Total liabilities$11,009.1 $9.4 $11,018.5 
Total equity$2,566.1 $(9.4)$2,556.7 
v3.24.0.1
Summary of Significant Accounting Policies (Tables)
 12 Months Ended
Dec. 31, 2023
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,
202320222021
in millions
Beginning balance$101.1 $112.6 $116.2 
Provision for expected losses, net71.5 78.4 71.4 
Write-offs(84.0)(79.1)(59.5)
Foreign currency translation adjustments and other3.0 (10.8)(15.5)
Ending balance$91.6 $101.1 $112.6 
v3.24.0.1
Acquisitions (Tables)
 12 Months Ended
Dec. 31, 2023
Business Combination and Asset Acquisition [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
$200.0 
Working capital adjustments9.3 
Total purchase price209.3 
Opening balance sheet cash
(1.2)
Net cash paid for the Claro Panama Acquisition
$208.1 
The opening balance sheet presented below reflects our final purchase price allocation (in millions):
Current assets$24.4 
Property and equipment136.3 
Intangible assets subject to amortization (a)47.9 
Other assets (b)198.2 
Current liabilities(64.8)
Long-term liabilities (c)(132.7)
Total purchase price$209.3 
(a)At July 1, 2022, the weighted average useful life of the acquired spectrum intangible assets was approximately 6 years.
(b)Primarily consists of operating lease right-of-use assets.
(c)Primarily consists of the non-current portion of operating lease obligations.The proceeds received from the final purchase price adjustments have been reflected as an investing activity in our consolidated statement of cash flows. The following table sets forth a reconciliation of the stated purchase price to the net cash paid (in millions):
Stated Telefónica Acquisition Agreement purchase price
$500.0 
Working capital adjustments25.1 
Total purchase price525.1 
Opening balance sheet cash
(17.0)
Net cash paid for the Liberty Telecomunicaciones Acquisition
$508.1 
The opening balance sheet presented below reflects our final purchase price allocation (in millions):
Current assets (a)$74.7 
Goodwill (b)256.7 
Property and equipment150.6 
Intangible assets subject to amortization (c)139.9 
Other assets (d)145.7 
Current liabilities (e)(74.2)
Long-term liabilities (f)(168.3)
Total purchase price (g)$525.1 
(a)Primarily consists of trade receivables, notes receivables related to EIP receivables, and cash.
(b)The goodwill recognized in connection with the Liberty Telecomunicaciones Acquisition is primarily attributable to (i) the ability to take advantage of Liberty Telecomunicaciones’s existing mobile network to gain immediate access to potential customers, and (ii) synergies that are expected to be achieved through the integration of Liberty Telecomunicaciones with Liberty Latin America’s existing business in Costa Rica, Liberty Servicios. Due to the nature of the Liberty Telecomunicaciones Acquisition, no tax deductions related to goodwill are expected.
(c)At August 9, 2021, the weighted average useful lives of the acquired customer relationship intangible assets and spectrum intangible assets were approximately 7 years and 25 years, respectively.
(d)Primarily consists of operating lease right-of-use assets and the long-term portion of note receivables related to EIP receivables.
(e)Primarily consists of accounts payable and current operating lease obligations.
(f)Primarily consists of the non-current portion of operating lease obligations and deferred tax liabilities.
(g)Amount excludes $9 million of direct acquisition costs incurred during 2021. Direct acquisition costs are included in impairment, restructuring and other operating items, net, in our consolidated statement of operations.
Schedule of Pro Forma Information
The following unaudited pro forma consolidated operating results give effect to (i) the Claro Panama Acquisition, as if it had been completed as of January 1, 2021, and (ii) the Liberty Telecomunicaciones Acquisition, as if it had been completed as of January 1, 2020:
Year ended December 31,
20222021
in millions
Revenue$4,873.1 $5,116.1 
Net loss attributable to Liberty Latin America shareholders$(188.8)$(470.9)
v3.24.0.1
Disposition (Tables)
 12 Months Ended
Dec. 31, 2023
Discontinued Operations and Disposal Groups [Abstract]  
Schedule of Carrying Amounts of The Major Classes of Assets and Liabilities That are Classified as Held for Sale
The carrying amounts of the major classes of assets and liabilities associated with the Chile JV Entities, which were contributed to the Chile JV, are summarized below (in millions):
Assets:
Cash and cash equivalents$63.0 
Other current assets, net104.4 
Property and equipment, net697.5 
Goodwill275.6 
Other assets, net259.1 
Total assets$1,399.6 
Liabilities:
Current portion of debt$72.4 
Other accrued and current liabilities210.1 
Long-term debt1,330.9 
Other long-term liabilities55.1 
Total liabilities$1,668.5 
v3.24.0.1
Derivative Instruments (Tables)
 12 Months Ended
Dec. 31, 2023
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, 2023December 31, 2022
 CurrentLong-term (a)TotalCurrentLong-term (a)Total
 in millions
Assets (b):
Interest rate derivative contracts$91.9 $157.4 $249.3 $91.3 $224.2 $315.5 
Other0.1 — 0.1 — — — 
Total$92.0 $157.4 $249.4 $91.3 $224.2 $315.5 
Liabilities (b):
Interest rate derivative contracts$8.2 $30.6 $38.8 $30.4 $— $30.4 
Foreign currency forward contracts16.8 4.0 20.8 11.9 — 11.9 
Total$25.0 $34.6 $59.6 $42.3 $— $42.3 
(a)Our long-term derivative assets and long-term derivative liabilities are included in other assets, net, 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 10) 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,
 202320222021
 in millions
Interest rate and cross-currency derivative contracts$27.3 $404.3 $565.4 
Foreign currency forward contracts and other(30.6)(13.5)25.8 
Weather Derivatives(30.9)(31.4)(27.1)
Total$(34.2)$359.4 $564.1 
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 (outflows) of our derivative instruments:
 Year ended December 31,
 202320222021
 in millions
Operating activities$35.6 $(20.5)$(94.5)
Investing activities— (7.4)(1.2)
Financing activities9.8 97.6 (43.0)
Total$45.4 $69.7 $(138.7)
Schedule of Derivative Instruments The following table sets forth the total U.S. dollar equivalents of the notional amounts and the related weighted average remaining contractual lives of our interest rate swap contracts at December 31, 2023:
Borrowing groupNotional amount due from counterparty Weighted average remaining life
 
in millionsin years
C&W (a)
$2,100.0 4.6
Liberty Puerto Rico$500.0 4.8
(a)Includes embedded floors of 0% on certain contracts.
The following table sets forth the total U.S. dollar equivalents of the notional amounts and the related weighted average remaining contractual lives of our basis swap contracts at December 31, 2023:
Borrowing groupNotional amount due from counterparty Weighted average remaining life
 
in millionsin years
C&W$2,100.0 1.0
Liberty Puerto Rico$620.0 1.0
v3.24.0.1
Long-lived Assets (Tables)
 12 Months Ended
Dec. 31, 2023
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of Impairment Charges
The following table sets forth the details of our impairment charges:
C&W CaribbeanC&W PanamaLiberty NetworksLiberty Puerto RicoVTR (a)Liberty Costa RicaTotal
 in millions
Year ended December 31, 2023:
Goodwill$— $— $— $— $— $— $— 
Property and equipment and other (b)4.1 51.9 0.8 9.4 — 0.8 67.0 
Total impairment charges$4.1 $51.9 $0.8 $9.4 $— $0.8 $67.0 
Year ended December 31, 2022:
Goodwill (c)$555.3 $— $— $— $— $— $555.3 
Property and equipment and other3.1 — 1.0 3.6 0.1 0.7 8.5 
Total impairment charges$558.4 $— $1.0 $3.6 $0.1 $0.7 $563.8 
Year ended December 31, 2021:
Goodwill$605.1 $— $— $— $— $— $605.1 
Property and equipment and other2.6 — — 0.2 1.3 — 4.1 
Total impairment charges$607.7 $— $— $0.2 $1.3 $— $609.2 
(a)During October 2022, we contributed the Chile JV Entities into the Chile JV. For additional information, see notes 1 and 6.
(b)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.
(c)During 2022, we recorded a $555 million impairment of goodwill within certain reporting units of our C&W Caribbean segment. This impairment was driven primarily by macroeconomic factors, including higher interest rates, that drove an increase in the discount rates used to value these reporting units. After recording these impairments, the associated reporting units have $498 million of goodwill remaining at December 31, 2022. 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. Any such impairment charges could be significant.
Schedule of Goodwill
Changes in the carrying amount of our goodwill during 2023 are set forth below:
C&W CaribbeanC&W PanamaLiberty NetworksLiberty Puerto RicoLiberty Costa RicaTotal
 in millions
January 1, 2023$1,220.4 $617.1 $654.0 $501.1 $428.7 $3,421.3 
Acquisitions and related adjustments— — (5.7)— 5.7 — 
Foreign currency translation adjustments and other(2.3)— 7.6 — 56.8 62.1 
December 31, 2023$1,218.1 $617.1 $655.9 $501.1 $491.2 $3,483.4 
Changes in the carrying amount of our goodwill during 2022 are set forth below:
C&W CaribbeanC&W PanamaLiberty NetworksLiberty Puerto RicoLiberty Costa RicaTotal
 in millions
January 1, 2022$1,787.1 $617.1 $646.8 $498.3 $398.7 $3,948.0 
Acquisitions and related adjustments(16.5)— 11.5 2.8 (3.8)(6.0)
Foreign currency translation adjustments and other5.1 — (4.3)— 33.8 34.6 
Impairments(555.3)— — — — (555.3)
December 31, 2022$1,220.4 $617.1 $654.0 $501.1 $428.7 $3,421.3 
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, 2023		December 31,
20232022
 in millions
Distribution systems
3 to 25 years
$4,797.4 $4,419.1 
Support equipment, buildings, land and CIP
3 to 40 years
1,923.9 2,232.7 
CPE
3 to 5 years
938.3 919.0 
7,659.6 7,570.8 
Accumulated depreciation(3,453.9)(3,277.2)
Total$4,205.7 $4,293.6 
Schedule of Intangible Assets Subject to Amortization
The details of our intangible assets subject to amortization, which had estimated useful lives ranging from four to 25 years at December 31, 2023, are set forth below:
December 31,
20232022
 in millions
Customer relationships$1,327.8 $1,464.4 
Licenses and other286.7 278.9 
1,614.5 1,743.3 
Accumulated amortization(1,072.9)(1,055.2)
Total$541.6 $688.1 
Schedule of Future Amortization Expense
Based on our amortizable intangible assets balance at December 31, 2023, we expect that amortization expense will be as follows for the next five years and thereafter (in millions):
2024$135.3 
202592.9 
202667.9 
202757.4 
202849.9 
Thereafter138.2 
Total$541.6 
Schedule of Intangible Assets Not Subject to Amortization
The details of our intangible assets not subject to amortization are set forth below:
December 31,
20232022
 in millions
Spectrum licenses$1,051.0 $1,051.0 
Cable television franchise rights and other541.8 541.8 
Total intangible assets not subject to amortization$1,592.8 $1,592.8 
v3.24.0.1
Operating Leases (Tables)
 12 Months Ended
Dec. 31, 2023
Leases [Abstract]  
Schedule of Operating Lease Expense
The following table provides details of our operating lease expense:
Year ended December 31,
202320222021
in millions
Operating lease expense:
Operating lease cost
$128.0 $118.8 $93.1 
Short-term lease cost
29.0 24.6 21.0 
Total operating lease expense
$157.0 $143.4 $114.1 
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,
20232022
in millions
Operating lease right-of-use assets (a)$475.2 $550.8 
Operating lease liabilities:
Current$84.3 $76.7 
Noncurrent483.4 438.5 
Total operating lease liabilities$567.7 $515.2 
Weighted-average remaining lease term
7.4 years8.2 years
Weighted-average discount rate
7.8 %7.5 %
Year ended December 31,
202320222021
in millions
Operating cash outflows from operating leases$131.9 $120.4 $93.1 
Right-of-use assets obtained in exchange for new operating lease liabilities (b)$53.8 $237.4 $211.8 
(a)During 2023, we recorded impairment charges totaling $52 million associated with certain operating lease right-of-use assets, predominantly related to decommissioned tower leases at C&W Panama. These charges are included in impairment, restructuring and other, net, in our consolidated statements of operations.
(b)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, 2023 are presented below. Amounts presented below represent U.S. dollar equivalents (in millions) based on December 31, 2023 exchange rates.
Years ending December 31:
2024$123.0 
2025114.8 
2026103.4 
202788.3 
202879.4 
Thereafter260.8 
Total operating lease liabilities on an undiscounted basis
769.7 
Present value discount(202.0)
Present value of operating lease liabilities
$567.7 
v3.24.0.1
Debt and Finance Lease Obligations (Tables)
 12 Months Ended
Dec. 31, 2023
Debt and Lease Obligation [Abstract]  
Schedule of Debt
The U.S. dollar equivalents of the components of our debt are as follows:
 December 31, 2023Estimated fair value (c)Principal amount
Weighted
average
interest
rate (a)		Unused borrowing capacity (b)
Borrowing currencyUS $ equivalentDecember 31,December 31,
2023202220232022
in millions
Convertible Notes (d)
2.00 %$— $— $213.8 $357.4 $220.3 $402.5 
C&W Notes
6.55 %— — 1,609.8 1,591.6 1,715.0 1,715.0 
C&W Credit Facilities
7.34 %(e)636.5 2,663.4 2,505.0 2,694.2 2,605.2 
LPR Senior Secured Notes
6.08 %— — 1,851.5 1,772.7 1,981.0 1,981.0 
LPR Credit Facilities
9.29 %172.5 172.5 621.6 613.8 620.0 620.0 
LCR Credit Facilities (f)10.88 %60.0 60.0 463.5 382.9 450.0 419.3 
Vendor financing, Tower Transactions and other (g) (h)7.81 %— — 561.7 223.1 561.7 223.1 
Total debt before premiums, discounts and deferred financing costs7.10 %$869.0 $7,985.3 $7,446.5 $8,242.2 $7,966.1 
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,
20232022
in millions
Total debt before premiums, discounts and deferred financing costs
$8,242.2 $7,966.1 
Premiums, discounts and deferred financing costs, net(67.8)(94.0)
Total carrying amount of debt
8,174.4 7,872.1 
Finance lease obligations
5.5 8.6 
Total debt and finance lease obligations
8,179.9 7,880.7 
Less: Current maturities of debt and finance lease obligations
(581.9)(226.9)
Long-term debt and finance lease obligations
$7,598.0 $7,653.8 
(a)Represents the weighted average interest rate in effect at December 31, 2023 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, 2023 without regard to covenant compliance calculations or other conditions precedent to borrowing. At December 31, 2023, 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, 2023 compliance reporting requirements. At December 31, 2023, 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)The interest rate reflects the stated rate of the Convertible Notes. The effective interest rate of the Convertible Notes is 6.7%, which considers the impact of a discount recorded in connection with the Conversion Option, as further described below.
(e)The C&W Credit Facilities unused borrowing capacity comprise certain U.S. dollar, Trinidad & Tobago dollar and JMD revolving credit facilities. For further information, see C&W Credit Facilities below.
(f)The LCR Credit Facilities at December 31, 2022 comprise certain CRC and U.S. dollar term loans and a U.S. dollar revolving credit facility. For information on the LCR Credit Facilities at December 31, 2023, see Financing Activity below.
(g)In December 2023, we entered into the 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 balance sheet. During 2023, we received proceeds of $244 million related to the Tower Transactions, which are included in borrowings of debt in our consolidated statement of cash flows.
(h)Primarily represents $299 million and $217 million at December 31, 2023 and December 31, 2022, respectively, 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 and include VAT that were paid on our behalf by the vendor. Our operating expenses include $177 million, $149 million and $110 million for 2023, 2022 and 2021, 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. 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, 2023 are summarized in the following table:
C&W NotesMaturityInterest
rate		Outstanding principal amountCarrying
value (a)
   in millions
2027 C&W Senior Secured NotesSeptember 7, 20275.750 %$495.0 $494.3 
2027 C&W Senior NotesSeptember 15, 20276.875 %1,220.0 1,218.4 
Total$1,715.0 $1,712.7 
(a)Amounts are inclusive or net of original issue premiums and deferred financing costs, as applicable.
The details of the outstanding LPR Senior Secured Notes as of December 31, 2023 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 $1,149.8 
2029 LPR Senior Secured NotesJuly 15, 20295.125%820.0 813.0 
Total$1,981.0 $1,962.8 
(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 2027 C&W Senior Notes and 2027 C&W Senior Secured 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
2027 C&W Senior Notes2027 C&W Senior Secured Notes
12-month period commencing:September 15September 7
2024100.859%100.000%
2025 and thereafter100.000%100.000%
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
2024100.000%102.563%
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, 2023 are summarized in the following table:
C&W Credit Facilities
MaturityInterest rateUnused borrowing capacityOutstanding principal amountCarrying
value (a)
   in millions
CWP Revolving Credit Facility (b)
January 18, 2027
Adjusted Term SOFR + 3.75%
$10.0 $10.0 $10.0 
C&W Revolving Credit Facility (b)
January 30, 2027
Adjusted Term SOFR + 3.25% (c)
572.0 — — 
C&W Term Loan B-5 FacilityJanuary 31, 2028
Adjusted Term SOFR + 2.25% (c)
— 1,510.0 1,499.7 
C&W Term Loan B-6 FacilityOctober 15, 2029
Adjusted Term SOFR + 3.0% (c)
— 590.0 582.3 
2028 CWP Term LoanJanuary 18, 20284.25%— 435.0 430.9 
C&W Regional Facilities (d) (e)
various dates ranging from 2024 to 2038
6.85% (f)
54.5 80.2 78.7 
C&W Other Facilities(g)6.48%— 69.0 69.0 
Total$636.5 $2,694.2 $2,670.6 
(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)The unused borrowing capacity on the C&W Regional Facilities comprise certain U.S. dollar, Trinidad & Tobago dollar and JMD denominated revolving credit facilities.
(e)The outstanding principal amount on the C&W Regional Facilities comprise certain JMD, U.S. dollar, East Caribbean dollar denominated credit facilities.
(f)Represents a weighted average rate for all C&W Regional Facilities.
(g)This borrowing is due in three annual installments beginning in May 2024.
The details of our borrowings under the LPR Credit Facilities as of December 31, 2023 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%
$172.5 $— $— 
2028 LPR Term LoanOctober 15, 2028
Adjusted Term SOFR + 3.75% (c)
— 620.0 616.3 
Total$172.5 $620.0 $616.3 
(a)Amounts are net of deferred financing costs.
(b)Has a fee on unused commitments of 0.5% per year.
(c)Subject to a SOFR floor of 0 basis points.
LCR Credit Facilities
The details of the LCR Credit Facilities as of December 31, 2023 are summarized in the following table:
LCR Credit FacilitiesMaturityInterest rateUnused
borrowing
capacity		Outstanding principal amountCarrying
value (a)
LCR Revolving Credit Facility (b)January 15, 2028
Term SOFR + 4.25%
$60.0 $— $— 
2031 LCR Term Loan AJanuary 15, 203110.875%— 50.0 48.9 
2031 LCR Term Loan BJanuary 15, 203110.875%— 400.0 386.7 
Total$60.0 $450.0 $435.6 
(a)Amounts are net of deferred financing costs.
(b)Has a fee on unused commitments of 0.5% per year.
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 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 Facilities
100%$69.0 
C&W
C&W Revolving Credit Facility
N/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)In January 2023, the LCR Revolving Credit Facility was amended and restated. The amended and restated $60 million LCR Revolving Credit Facility has a fee on unused commitments of 0.5% per year.
During 2022, borrowings related to significant credit facilities we drew down, entered into or amended, are as follows:
Borrowing group/BorrowerInstrumentIssued atAmount borrowedNon-cash component
in millions
C&W2028 CWP Term Loan100%$435.0 $272.9 
During 2021, borrowings related to significant notes we issued and credit facilities we drew down, entered into or amended, including activity related to the Chile JV Entities, are as follows:
Borrowing group/ BorrowerBorrowingNon-cash component
InstrumentIssued atBorrowing currencyUSD equivalent
USD in millions, CRC in billions
C&WC&W Term Loan B-6 Facility99.25%$590.0 $590.0 $555.0 
C&WC&W Revolving Credit FacilityN/A(a)$— 
Liberty Puerto Rico2029 LPR Senior Secured Notes100%$820.0 $820.0 $500.0 
Liberty Puerto Rico2028 LPR Term Loan100%$620.0 $620.0 $500.0 
Liberty Puerto RicoLPR Revolving Credit FacilityN/A(b)$— 
VTRVTR Notes100%$410.0 $410.0 $60.0 
VTRVTR Credit FacilitiesN/A$— $— $— 
Liberty Costa RicaLCR Term Loan B-1 Facility100%$227.5 $227.5 $— 
Liberty Costa RicaLCR Term Loan B-2 Facility100%CRC36.5 $58.8 $— 
(a)In September 2021, the C&W Revolving Credit Facility was amended to extend the maturity of $580 million in underlying commitments from January 30, 2026 to January 30, 2027.
(b)Total commitments under the LPR Revolving Credit Facility were increased by $48 million during 2021.
During 2023, we made certain repurchases or repayments on the following debt instruments:
Amount paid
Borrowing group / BorrowerInstrumentRedemption 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, if 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 Capped Calls.
During 2022, we made certain repurchases or repayments on the following debt instruments, including repayments related to the Chile JV Entities:
Borrowing group/ BorrowerInstrumentRedemption priceAmount paidNon-cash component
in millions
C&WC&W Regional Facilities100%$272.9 $272.9 
VTRVTR Notes(a)$48.1 $— 
(a)During the third quarter of 2022, in aggregate we repurchased and cancelled approximately $91 million original principal amount of certain of the outstanding senior secured notes and senior notes of the Chile JV Entities.
During 2021, we made certain repurchases or repayments on the following debt instruments, including repayments related to the Chile JV Entities:
Borrowing group/ BorrowerRedemption priceAmount paidNon-cash component
InstrumentBorrowing currencyUSD equivalent (a)
USD in millions, CRC in billions
C&W2026 C&W Senior Notes103.75%$500.0 $500.0 $500.0 
C&W2027 C&W Senior Secured Notes103%$55.0 $55.0 $55.0 
Liberty Puerto Rico2026 SPV Credit Facility100%$1,000.0 $1,000.0 $1,000.0 
Liberty Puerto Rico2027 LPR Senior Secured Notes103%$129.0 $129.0 $— 
VTRVTR Notes103%$120.0 $120.0 $60.0 
VTRVTR Credit Facilities100%CLP174.0 $242.5 $— 
(a)Translated at the transaction date, if applicable.
Schedule of Maturities of Debt
Maturities of our debt as of December 31, 2023 are presented below. Amounts presented below represent U.S. dollar equivalents based on December 31, 2023 exchange rates.
C&WLiberty Puerto RicoLiberty
Costa Rica		Liberty Latin America (a)Consolidated
in millions
Years ending December 31:
2024$307.3 $58.2 $0.6 $220.8 $586.9 
202532.7 1.9 — — 34.6 
202625.3 — — — 25.3 
20271,717.6 1,161.0 — — 2,878.6 
20282,000.3 620.0 — — 2,620.3 
Thereafter786.3 860.2 450.0 — 2,096.5 
Total debt maturities4,869.5 2,701.3 450.6 220.8 8,242.2 
Premiums, discounts and deferred financing costs, net(25.9)(21.9)(14.4)(5.6)(67.8)
Total debt$4,843.6 $2,679.4 $436.2 $215.2 $8,174.4 
Current portion$307.3 $58.2 $0.6 $215.2 $581.3 
Noncurrent portion$4,536.3 $2,621.2 $435.6 $— $7,593.1 
(a)Represents the amount held by Liberty Latin America on a standalone basis plus the aggregate amount held by subsidiaries of Liberty Latin America that are outside our borrowing groups.
v3.24.0.1
Defined Benefit Plans (Tables)
 12 Months Ended
Dec. 31, 2023
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,
20232022
in millions
Other assets, net$37.9 $119.4 
Other long-term liabilities(143.7)(146.6)
Net pension asset (liability)$(105.8)$(27.2)
Schedule of Defined Benefit Plans Disclosures
The table below provides summary information for our defined benefit plans:
December 31,
20232022
in millions
Projected benefit obligations (a)$(1,621.0)$(1,543.7)
Fair value of plan assets (b)1,515.2 1,516.5 
Net pension asset (liability)$(105.8)$(27.2)
(a)The weighted average discount rate used in determining our benefit obligations was 5.6% and 6.0% at December 31, 2023 and 2022, respectively. A 1.0% increase or decrease in the weighted average discount rate would have a ($35 million) or $42 million impact, respectively, on the projected benefit obligations, net of the annuity insurance policies (as described further below).
(b)Our plan assets primarily comprise investments in insurance contracts, debt securities and equity securities. The fair value of plan assets at December 31, 2023 includes $242 million, $130 million and $1,151 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, 2022 includes $659 million, $116 million and $742 million of assets that are valued based on Level 1, Level 2 and Level 3 inputs, respectively.
v3.24.0.1
Equity (Tables)
 12 Months Ended
Dec. 31, 2023
Equity [Abstract]  
Schedule of Changes in Our Share Capital
A summary of the changes in our share capital during 2023, 2022 and 2021 is set forth in the table below:
Class AClass BClass C
in millions
Balance at January 1, 2021
49.0 1.9 181.1 
Repurchase of Liberty Latin America common shares(4.3)— (0.7)
Issued in connection with share-based compensation plans and other0.8 — 1.9 
Balance at December 31, 2021
45.5 1.9 182.3 
Balance at January 1, 2022
45.5 1.9 182.3 
Repurchase of Liberty Latin America common shares(4.5)— (14.8)
Issued in connection with share-based compensation plans and other1.7 0.2 3.8 
Balance at December 31, 2022
42.7 2.1 171.3 
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 
v3.24.0.1
Programming and Other Direct Costs of Services (Tables)
 12 Months Ended
Dec. 31, 2023
Other Income and Expenses [Abstract]  
Schedule of Cost of Goods and Services Sold
Our programming and other direct costs of services by major category are set forth below.
 Year ended December 31,
 202320222021
 in millions
Programming and copyright$237.2 $360.3 $441.4 
Interconnect302.5 350.3 347.2 
Equipment320.6 369.8 308.7 
Other160.1 130.1 117.1 
Total programming and other direct costs$1,020.4 $1,210.5 $1,214.4 
v3.24.0.1
Other Operating Costs and Expenses (Tables)
 12 Months Ended
Dec. 31, 2023
Other Income and Expenses [Abstract]  
Schedule of Other Operating Cost and Expense
Our other operating costs and expenses by major category are set forth below:
 Year ended December 31,
 202320222021
 in millions
Personnel and contract labor$557.6 $597.7 $575.1 
Network-related259.0 311.4 324.2 
Service-related227.6 210.8 196.5 
Commercial181.1 226.0 229.4 
Facility, provision, franchise and other563.8 542.3 460.1 
Share-based compensation expense88.7 93.5 118.1 
Total other operating costs and expenses$1,877.8 $1,981.7 $1,903.4 
v3.24.0.1
Share-based Compensation (Tables)
 12 Months Ended
Dec. 31, 2023
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,
202320222021
Assumptions used to estimate fair value of SARs and PSARs:
Risk-free interest rate
3.5 - 4.2%
2.0 - 3.7%
0.8 - 1.4%
Expected life
6.0 - 10.0 years
6.0 - 10.0 years
6.0 - 10.0 years
Expected volatility
42.1 - 46.7%
40.2 - 49.8%
36.9 - 46.8%
Expected dividend yieldnonenonenone
Weighted average grant-date fair value per share of awards granted:
SARs$4.31 $4.91 $6.43 
PSARsN/A$5.92 $6.88 
RSUs$7.96 $9.49 $13.96 
PSUs$8.00 $6.11 $11.57 
Schedule of SARs
The following tables summarize share-based incentive award activity during 2023 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, 2023
9.1 $13.91 
Granted
1.8 $7.82 
Forfeited
(0.9)$19.35 
Outstanding at December 31, 2023
10.0 $12.34 5.8$— 
Exercisable at December 31, 2023
5.9 $14.40 4.0$— 
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, 2023
18.3 $13.92 
Granted
3.6 $7.79 
Forfeited
(1.8)$19.49 
Outstanding at December 31, 2023
20.1 $12.34 5.8$— 
Exercisable at December 31, 2023
11.8 $14.40 4.0$— 
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, 2023
2.1 $10.74 
Granted1.2 $7.96 
Forfeited
(0.1)$10.23 
Released from restrictions(1.1)$10.73 
Outstanding at December 31, 2023
2.1 $9.22 1.6
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, 2023
4.3 $11.04 
Granted2.5 $7.96 
Forfeited
(0.2)$10.21 
Released from restrictions(2.3)$10.65 
Outstanding at December 31, 2023
4.3 $9.20 1.6
v3.24.0.1
Income Taxes (Tables)
 12 Months Ended
Dec. 31, 2023
Income Tax Disclosure [Abstract]  
Schedule of Earnings (Loss) From Continuing Operations Before Income Taxes
The components of our loss before income taxes are as follows:
 Year ended December 31,
 202320222021
 in millions
Domestic (a)$(90.9)$(97.6)$(85.7)
Foreign (b) (c)28.5 (25.4)(232.3)
Total$(62.4)$(123.0)$(318.0)
(a)Liberty Latin America is considered a stand-alone Bermuda entity.
(b)Amounts for the year ended December 31, 2022 include a goodwill impairment charge of $555 million and a $13 million impairment associated with a cost method investment, both of which occurred at our C&W Caribbean segment. Amounts for the year ended December 31, 2021 include a goodwill impairment charge of $605 million and a $41 million impairment associated with a cost method investment, both of which occurred at our C&W Caribbean segment.
(c)For the year ended December 31, 2023, significant jurisdictions that comprise the “foreign” component of our loss before income taxes include Bahamas, Barbados, British Virgin Islands, Colombia, Costa Rica, Jamaica, Panama, Puerto Rico, Spain, St. Kitts, St. Lucia, Trinidad, the United Kingdom, United States and U.S. Virgin Islands. For the year ended December 31, 2022, significant jurisdictions that comprise the “foreign” component of our loss before income taxes include Bahamas, Barbados, British Virgin Islands, Chile, Colombia, Costa Rica, Curacao, Jamaica, the Netherlands, Panama, Puerto Rico, Spain, Trinidad, the United Kingdom, United States and U.S. Virgin Islands. For the year ended December 31, 2021, significant jurisdictions that comprise the “foreign” component of our loss before income taxes include Bahamas, Barbados, British Virgin Islands, Chile, Costa Rica, Curacao, Jamaica, the Netherlands, Panama, Puerto Rico, Trinidad, the United Kingdom, United States and U.S. Virgin Islands.
Schedule of Income Tax Benefit (Expense)
Income tax benefit (expense) consists of:
CurrentDeferredTotal
 in millions
Year ended December 31, 2023:
Domestic$— $— $— 
Foreign(111.8)87.4 (24.4)
Total$(111.8)$87.4 $(24.4)
Year ended December 31, 2022:
Domestic$— $— $— 
Foreign(93.2)8.4 (84.8)
Total$(93.2)$8.4 $(84.8)
Year ended December 31, 2021:
Domestic$— $— $— 
Foreign(85.5)(87.1)(172.6)
Total$(85.5)$(87.1)$(172.6)
Schedule of Effective Income Tax Rate Reconciliation
Income tax expense attributable to our loss before income taxes differs from the amounts computed by using the applicable tax rate as a result of the following:
Year ended December 31,
 202320222021
 in millions
Computed expected tax benefit (a)$— $— $— 
Permanent differences (b)(49.3)46.8 (13.6)
Basis and other differences in the treatment of items associated with investments in Liberty Latin America entities1.5 (1.2)1.4 
(Increases) Decreases in valuation allowances(161.5)188.8 (321.6)
Expiration of deferred tax assets with full valuation allowance(12.3)(12.7)(129.5)
International rate differences (a) (c)88.2 49.9 82.2 
Changes in uncertain tax positions(0.4)(24.5)(1.0)
Enacted tax law and rate changes (d) (e) (f) (g) (h)128.4 (162.2)393.7 
Effect of non-deductible goodwill impairments— (174.3)(201.2)
Effect of tax credits18.3 15.9 38.7 
Withholding and capital gains taxes(40.0)(13.3)(23.4)
Other, net2.7 2.0 1.7 
Total income tax expense$(24.4)$(84.8)$(172.6)
(a)On July 11, 2017, Liberty Latin America was formed as a corporation in Bermuda where the Company has a “statutory” or “expected” tax rate of 0% in 2023, 2022 and 2021. The majority of our subsidiaries operate in jurisdictions where income tax is imposed at local applicable rates, resulting in “international rate differences,” as shown in the table above that reflect the computed tax benefit (expense) of pre-tax book income (loss) in the respective taxable jurisdiction.
(b)Permanent differences primarily relate to various non-taxable income or non-deductible expenses, such as Caribbean Community (CARICOM) treaty income, limitations on deductible management fees, or executive compensation, among others.
(c)The 2023 corporate tax rates applicable to our primary material jurisdictions are as follows: Bahamas, 0%; Barbados, 1% to 5.5%; British Virgin Islands, 0%; Colombia, 35%; Costa Rica, 30%; Jamaica, 33.33%; Panama, 25%; Puerto Rico, 37.5%; Spain, 25%; St. Kitts, 33%; St. Lucia, 30%; Trinidad, 30%; the United Kingdom, 25%; United States, 21%; and U.S. Virgin Islands, 23.10%.
(d)On June 10, 2021, the United Kingdom Finance Bill of 2021 enacted an increase in the main corporate tax rate to 25%, with effect from April 1, 2023. While deferred tax assets were re-valued as of enactment, there is a net nil tax impact of this on the total tax result due to a full valuation allowance on all deferred tax items in the U.K.
(e)On September 14, 2021, legislation was enacted in Colombia. Changes include an increase in the corporate income tax to 35% from January 1, 2022. Substantially all of the impact of this rate change on our deferred tax balances was recorded during the third quarter of 2021 when the change in law was enacted.
(f)On December 27, 2021, the Netherlands enacted legislation increasing the top corporate income tax rate to 25.8%. with effect from January 1, 2022. While deferred tax assets were re-valued, there is a net nil tax impact of this on the total tax result due to a full valuation allowance on all deferred tax items in the Netherlands as of December 31, 2022.
(g)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.
(h)On December 22, 2023, 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.
Schedule of Deferred Tax Assets and Deferred Tax Liabilities The components of our net deferred tax liability are as follows:
 December 31,
 20232022
 in millions
Deferred tax assets$57.0 $31.0 
Deferred tax liabilities(630.6)(688.7)
Net deferred tax liability$(573.6)$(657.7)
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,
 20232022
 in millions
Deferred tax assets:
Net operating losses, tax credits and other carryforwards$2,408.3 $2,276.4 
Deferred revenue12.5 13.7 
Unrealized gains and losses12.3 16.0 
Accrued expenses41.1 35.1 
Other future deductible amounts2.6 1.0 
Deferred tax assets2,476.8 2,342.2 
Valuation allowance(1,942.5)(1,780.4)
Deferred tax assets, net of valuation allowance534.3 561.8 
Deferred tax liabilities:
Investments(244.5)(255.4)
Intangible assets(641.7)(663.5)
Property and equipment, net(221.1)(298.5)
Un-remitted foreign earnings(0.6)(2.1)
Deferred tax liabilities(1,107.9)(1,219.5)
Net deferred tax liability$(573.6)$(657.7)
Schedule of Valuation Allowances
The changes in our valuation allowances are summarized below: 
Year ended December 31,
202320222021
 in millions
Balance at January 1$1,780.4 $1,940.3 $1,630.9 
Net tax expense (benefit) related to operations 161.5 (188.8)321.6 
Translation adjustments (1.1)(6.2)(9.1)
Business acquisitions and other1.7 35.1 (3.1)
Balance at December 31$1,942.5 $1,780.4 $1,940.3 
Schedule of Tax Loss Carry Forwards and Related Tax Assets The significant components of our tax loss carryforwards at December 31, 2023 are as follows:
CountryTax loss
carryforward		Related
tax asset		Expiration
date
 in millions 
U.K.:
Amount attributable to capital losses$4,704.3 $1,176.1 Indefinite
Amount attributable to net operating losses1,337.5 334.4 Indefinite
Barbados685.0 17.5 2024 - 2030
Jamaica411.9 137.2 Indefinite
Bermuda341.6 51.2 Indefinite
Puerto Rico268.0 81.9 2024 - 2032
Curacao155.8 37.0 2024 - 2033
U.S.68.3 16.0 2033 - Indefinite
Panama36.4 9.1 2024-2028
U.S. Virgin Islands
56.3 13.0 2033-Indefinite
Colombia15.5 5.4 Indefinite
Other26.2 7.3 Various
Total$8,106.8 $1,886.1 
Schedule of Unrecognized Tax Benefits
The changes in our unrecognized tax benefits are summarized below: 
Year ended December 31,
202320222021
 in millions
Balance at January 1$37.6 $12.0 $32.0 
Additions for tax positions of prior years0.7 12.7 1.0 
Additions based on tax positions related to the current year6.0 14.5 — 
Lapse of statute of limitations(1.4)(1.7)(3.4)
Foreign currency translation— 0.1 (2.4)
Decrease for settlement with tax authorities — — (3.9)
Reductions for tax positions of prior years(17.4)— — 
Reclassification to liabilities associated with assets held for sale— — (11.3)
Balance at December 31$25.5 $37.6 $12.0 
v3.24.0.1
Earnings or Loss per Share (Tables)
 12 Months Ended
Dec. 31, 2023
Earnings Per Share [Abstract]  
Schedule of Earnings Per Share, Basic and Diluted
The details of the calculations of our basic and diluted EPS are set forth below:
Year ended December 31,
202320222021
in millions, except per share amounts
Numerator:
Net loss attributable to Liberty Latin America shareholders - basic and diluted$(73.6)$(170.7)$(440.6)
Denominator:
Weighted average shares - basic and diluted (a)210.0 222.6 232.6 
Basic and diluted net loss per share attributable to Liberty Latin America shareholders$(0.35)$(0.77)$(1.89)
(a)We reported losses attributable to Liberty Latin America shareholders during 2023, 2022 and 2021. As a result, the potentially dilutive effect of the following items was not included in the computation of diluted EPS for such periods because their inclusion would have been anti-dilutive to the computation or, in the case of certain PSUs and PSARs, because such awards had not yet met the applicable performance criteria:
 December 31,
 202320222021
in millions
Aggregate number of shares issuable pursuant to:
Outstanding options, SARs and RSUs
37.7 35.4 24.7 
Outstanding PSUs and PSARs
8.7 8.7 10.1 
LTVP
3.4 — — 
ESPP
0.2 — — 
Aggregate number of shares potentially issuable under our Convertible Notes (if-converted method) (i)
10.7 19.5 19.5 
(i)With regards to the aggregate number of shares potentially issuable under our Convertible Notes, the Capped Calls provide an economic hedge to reduce or offset potential dilution to our Class C common shares upon any conversion of the Convertible Notes and/or offset any cash payments we are required to make in excess of the principal amount of such converted notes, as the case may be, with such reduction and/or offset subject to a cap.
v3.24.0.1
Accumulated Other Comprehensive Loss (Tables)
 12 Months Ended
Dec. 31, 2023
Comprehensive Income (Loss), Net of Tax, Including Portion Attributable to Noncontrolling Interest [Abstract]  
Schedule of Changes in Accumulated Other Comprehensive Loss The changes in the components of accumulated other comprehensive loss, net of taxes, are summarized as follows:
Liberty Latin America shareholders
 Foreign
currency
translation
adjustments		Pension-
related adjustments and other		Accumulated
other
comprehensive
loss 		Non-controlling
interests		Total
accumulated
other
comprehensive loss
 in millions
Balance at January 1, 2021$(143.2)$17.6 $(125.6)$(9.6)$(135.2)
Other comprehensive earnings5.7 30.2 35.9 (0.9)35.0 
Balance at December 31, 2021(137.5)47.8 (89.7)(10.5)(100.2)
Other comprehensive loss53.8 (113.3)(59.5)(0.5)(60.0)
Balance at December 31, 2022(83.7)(65.5)(149.2)(11.0)(160.2)
Other comprehensive loss24.9 (73.7)(48.8)1.1 (47.7)
Balance at December 31, 2023$(58.8)$(139.2)$(198.0)$(9.9)$(207.9)
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 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 benefit (expense)Net-of-tax
amount
 in millions
Year ended December 31, 2023:
Foreign currency translation adjustments$25.9 $— $25.9 
Pension-related adjustments and other(73.6)— (73.6)
Other comprehensive loss(47.7)— (47.7)
Other comprehensive loss attributable to noncontrolling interests (a)(1.1)— (1.1)
Other comprehensive loss attributable to Liberty Latin America shareholders$(48.8)$— $(48.8)
Year ended December 31, 2022:
Foreign currency translation adjustments$53.1 $— $53.1 
Pension-related adjustments and other(114.0)0.9 (113.1)
Other comprehensive loss(60.9)0.9 (60.0)
Other comprehensive loss attributable to noncontrolling interests (a)0.5 — 0.5 
Other comprehensive loss attributable to Liberty Latin America shareholders$(60.4)$0.9 $(59.5)
Year ended December 31, 2021:
Foreign currency translation adjustments$4.8 $— $4.8 
Pension-related adjustments and other34.4 (4.2)30.2 
Other comprehensive earnings39.2 (4.2)35.0 
Other comprehensive loss attributable to noncontrolling interests (a)0.9 — 0.9 
Other comprehensive earnings attributable to Liberty Latin America shareholders$40.1 $(4.2)$35.9 
(a)Amounts represent the noncontrolling interest owners’ share of our foreign currency translation adjustments and pension-related adjustments.
v3.24.0.1
Segment Reporting (Tables)
 12 Months Ended
Dec. 31, 2023
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 and our corporate operations. 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. Subsequent to the formation of the Chile JV during October 2022, VTR is no longer consolidated.
Revenue
Year ended December 31,
 202320222021
 in millions
C&W Caribbean$1,437.0 $1,436.8 $1,389.9 
C&W Panama742.6 642.7 568.1 
Liberty Networks453.3 450.8 431.9 
Liberty Puerto Rico1,417.7 1,463.6 1,446.2 
Liberty Costa Rica547.9 441.3 258.5 
VTR— 450.6 787.5 
Corporate23.5 22.2 21.6 
Intersegment eliminations(110.9)(99.4)(92.4)
Total$4,511.1 $4,808.6 $4,811.3 
Schedule of Reconciliation of Assets from Segment to Consolidated
Adjusted OIBDA
Year ended December 31,
 202320222021
in millions
C&W Caribbean$596.9 $535.2 $482.9 
C&W Panama227.7 188.8 200.1 
Liberty Networks261.5 276.3 264.3 
Liberty Puerto Rico485.5 530.8 577.4 
Liberty Costa Rica203.1 134.7 80.2 
VTR— 115.6 259.6 
Corporate(73.1)(71.5)(52.9)
Total$1,701.6 $1,709.9 $1,811.6 
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 and to loss before income taxes:
 Year ended December 31,
 202320222021
 in millions
Total Adjusted OIBDA$1,701.6 $1,709.9 $1,811.6 
Share-based compensation expense(88.7)(93.5)(118.1)
Depreciation and amortization(1,008.3)(910.7)(964.7)
Impairment, restructuring and other operating items, net(86.9)(619.2)(665.0)
Operating income517.7 86.5 63.8 
Interest expense(601.7)(556.7)(527.4)
Realized and unrealized gains (losses) on derivative instruments, net(34.2)359.4 564.1 
Foreign currency transaction gains (losses), net70.3 (194.3)(319.6)
Gains (losses) on debt extinguishments, net(3.9)41.1 (57.2)
Gain on disposal of the Chile JV Entities— 169.4 — 
Other expense, net(10.6)(28.4)(41.7)
Loss before income taxes$(62.4)$(123.0)$(318.0)
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 8.
 Year ended December 31,
 202320222021
 in millions
C&W Caribbean$235.1 $230.7 $222.9 
C&W Panama117.0 98.4 88.9 
Liberty Networks47.6 40.2 45.3 
Liberty Puerto Rico219.0 233.5 219.2 
Liberty Costa Rica75.3 65.5 45.0 
VTR— 107.3 199.1 
Corporate36.9 40.7 35.5 
Total property and equipment additions730.9 816.3 855.9 
Assets acquired under capital-related vendor financing arrangements(143.8)(161.1)(100.5)
Changes in current liabilities related to capital expenditures and other(2.1)4.9 (19.1)
Total capital expenditures, net$585.0 $660.1 $736.3 
Schedule of Revenue by Major Category
Year ended December 31, 2023
 C&W CaribbeanC&W PanamaLiberty NetworksLiberty 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 (a)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 (b)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)The total amount includes $259 million of revenue from sales of mobile handsets and other devices to residential mobile customers.
(b)The total amount includes $26 million of revenue from sales of mobile handsets and other devices to B2B mobile customers.
Year ended December 31, 2022
 C&W CaribbeanC&W PanamaLiberty NetworksLiberty Puerto RicoLiberty Costa RicaVTRCorporateIntersegment EliminationsTotal
 in millions
Residential revenue:
Residential fixed revenue:
Subscription revenue$484.3 $102.8 $— $457.3 $131.5 $392.3 $— $— $1,568.2 
Non-subscription revenue 32.6 7.3 — 22.1 5.1 8.9 — — 76.0 
Total residential fixed revenue516.9 110.1 — 479.4 136.6 401.2 — — 1,644.2 
Residential mobile revenue:
Service revenue314.5 218.6 — 441.5 195.1 25.8 — — 1,195.5 
Interconnect, inbound roaming, equipment sales and other (a)67.9 49.5 — 268.4 64.8 2.9 22.2 — 475.7 
Total residential mobile revenue382.4 268.1 — 709.9 259.9 28.7 22.2 — 1,671.2 
Total residential revenue899.3 378.2 — 1,189.3 396.5 429.9 22.2 — 3,315.4 
B2B revenue (b)537.5 264.5 450.8 220.6 44.8 20.7 — (99.4)1,439.5 
Other revenue— — — 53.7 — — — — 53.7 
Total$1,436.8 $642.7 $450.8 $1,463.6 $441.3 $450.6 $22.2 $(99.4)$4,808.6 
(a)The total amount includes $257 million of revenue from sales of mobile handsets and other devices to residential mobile customers.
(b)The total amount includes $26 million of revenue from sales of mobile handsets and other devices to B2B mobile customers.
Year ended December 31, 2021
 C&W CaribbeanC&W PanamaLiberty NetworksLiberty Puerto RicoLiberty Costa RicaVTRCorporateIntersegment EliminationsTotal
 in millions
Residential revenue:
Residential fixed revenue:
Subscription revenue$473.4 $87.9 $— $438.2 $134.2 $685.1 $— $— $1,818.8 
Non-subscription revenue 34.6 9.5 — 19.3 6.1 14.9 — — 84.4 
Total residential fixed revenue508.0 97.4 — 457.5 140.3 700.0 — — 1,903.2 
Residential mobile revenue:
Service revenue300.2 176.4 — 477.3 72.7 48.0 — — 1,074.6 
Interconnect, inbound roaming, equipment sales and other (a)63.9 44.5 — 253.5 27.1 7.3 21.6 — 417.9 
Total residential mobile revenue364.1 220.9 — 730.8 99.8 55.3 21.6 — 1,492.5 
Total residential revenue872.1 318.3 — 1,188.3 240.1 755.3 21.6 — 3,395.7 
B2B revenue (b)517.8 249.8 431.9 220.4 18.4 32.2 — (92.4)1,378.1 
Other revenue— — — 37.5 — — — — 37.5 
Total$1,389.9 $568.1 $431.9 $1,446.2 $258.5 $787.5 $21.6 $(92.4)$4,811.3 
(a)The total amount includes $219 million of revenue from sales of mobile handsets and other devices to residential mobile customers.
(b)The total amount includes $33 million of revenue from sales of mobile handsets and other devices to B2B mobile customers.
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,
 202320222021
 in millions
Puerto Rico$1,354.5 $1,413.0 $1,392.0 
Panama739.7 639.7 565.9 
Costa Rica547.1 440.8 258.2 
Jamaica405.7 428.8 402.0 
Networks & Latam (a)364.6 369.4 355.8 
The Bahamas193.4 194.7 189.9 
Trinidad and Tobago156.5 159.3 158.2 
Barbados157.6 148.0 141.6 
Curacao135.6 134.0 137.9 
Chile— 450.6 787.5 
Other (b)456.4 430.3 422.3 
Total $4,511.1 $4,808.6 $4,811.3 
(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.
Schedule of Long-Lived Assets by Geographic Segments
The long-lived assets of our geographic markets are set forth below:
 December 31,
 2023
2022
 in millions
Puerto Rico$1,114.3 $1,166.7 
Networks & LatAm619.4 634.3 
Panama454.8 481.3 
Jamaica368.6 372.4 
The Bahamas289.4 312.0 
Costa Rica290.7 250.7 
Trinidad and Tobago217.5 221.0 
Barbados150.1 164.6 
Curacao127.8 141.8 
Other (a)573.1 548.8 
Total
$4,205.7 $4,293.6 
(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.
v3.24.0.1
Parent Company Financial Information (Tables)
 12 Months Ended
Dec. 31, 2023
Condensed Financial Information Disclosure [Abstract]  
Schedule of Condensed Balance Sheets
December 31,
20232022
 in millions
ASSETS
Current assets:
Cash and cash equivalents $27.9 $23.5 
Other receivables – related-party199.4 169.5 
Prepaid expenses1.0 1.3 
Other current assets0.2 0.2 
Total current assets
228.5 194.5 
Investments in consolidated subsidiaries
1,850.9 2,193.4 
Total assets$2,079.4 $2,387.9 
LIABILITIES AND SHAREHOLDERS’ EQUITY
Current liabilities:
Related-party liabilities$99.7 $87.6 
Current portion of debt and finance lease obligations214.7 — 
Accrued liabilities and other1.5 6.7 
Total current liabilities
315.9 94.3 
Long-term debt and finance lease obligations— 374.8 
Total liabilities315.9 469.1 
Shareholders’ equity:
Class A, $0.01 par value; 500.0 million shares authorized; 52.6 million and 40.8 million shares issued and outstanding, respectively, at December 31, 2023; 51.8 million and 42.7 million shares issued and outstanding, respectively, at December 31, 2022
0.5 0.5 
Class B, $0.01 par value; 50.0 million shares authorized; 2.2 million shares issued and outstanding at December 31, 2023 and 2.1 million shares issued and outstanding at December 31, 2022
— — 
Class C, $0.01 par value; 500.0 million shares authorized; 189.6 million and 161.7 million shares issued and outstanding, respectively, at December 31, 2023; 187.4 million and 171.3 million shares issued and outstanding, respectively, at December 31, 2022
1.9 1.9 
Treasury shares, at cost; 39.6 million and 25.3 million shares, respectively
(361.2)(243.4)
Additional paid-in capital5,262.0 5,177.1 
Accumulated deficit(2,941.7)(2,868.1)
Accumulated other comprehensive loss, net of taxes(198.0)(149.2)
Total shareholders’ equity1,763.5 1,918.8 
Total liabilities and shareholders’ equity$2,079.4 $2,387.9 
Schedule of Condensed Income Statement
Year ended December 31,
 202320222021

in millions
Operating costs and expenses:
Other operating costs and expenses$19.0 $12.4 $11.2 
Related-party charges and other operating items, net19.4 29.3 37.3 
Operating loss(38.4)(41.7)(48.5)
Non-operating income (expense):
Interest expense(20.2)(24.8)(23.8)
Gains on debt extinguishments, net .0.9 — — 
Other income (expense), net0.6 (9.6)0.7 
(18.7)(34.4)(23.1)
Loss before equity in losses of consolidated subsidiaries(57.1)(76.1)(71.6)
Equity in losses of consolidated subsidiaries, net(16.5)(94.6)(369.0)
Net loss$(73.6)$(170.7)$(440.6)
Schedule of Condensed Cash Flow Statement
Year ended December 31,
 202320222021
in millions
Cash flows from operating activities:
Net loss$(73.6)$(170.7)$(440.6)
Adjustments to reconcile net loss to net cash provided by operating activities:
Equity in losses of consolidated subsidiaries, net16.5 94.6 369.0 
Share-based compensation expense10.7 3.9 2.3 
Gains on debt extinguishments, net(0.9)— — 
Amortization of debt financing costs13.9 16.8 15.7 
Changes in operating assets and liabilities53.1 92.3 124.6 
Net cash provided by operating activities19.7 36.9 71.0 
Cash flows from investing activities:
Distribution and repayments from (investments in) consolidated subsidiaries, net277.3 53.5 (128.7)
Net cash provided (used) by investing activities277.3 53.5 (128.7)
Cash flows from financing activities:
Borrowings of related-party debt— 30.0 — 
Repurchase of Liberty Latin America common shares(118.3)(170.4)(63.0)
Payments of principal amounts of debt and finance lease obligations(173.0)— — 
Other financing activities, net(1.3)0.9 — 
Net cash used by financing activities(292.6)(139.5)(63.0)
Net increase (decrease) in cash, cash equivalents and restricted cash4.4 (49.1)(120.7)
Cash, cash equivalents and restricted cash:
Beginning of year23.5 72.6 193.3 
End of year$27.9 $23.5 $72.6 
v3.24.0.1
Basis of Presentation - Narrative (Details)
 12 Months Ended
Dec. 31, 2023
market
country
segment
Oct. 31, 2022
Oct. 30, 2022
Sep. 29, 2021
Aug. 09, 2021
Basis of Presentation [Line Items]          
Number of reportable segments | segment 2        
Chile JV          
Basis of Presentation [Line Items]          
Ownership interest percentage   50.00% 50.00% 50.00%  
Telefónica Costa Rica. C&W          
Basis of Presentation [Line Items]          
Percentage ownership in subsidiary         100.00%
Residential and Business-to-Business Services          
Basis of Presentation [Line Items]          
Number of countries in which entity provides services | country 20        
Wholesale Communication Services | C&W Caribbean          
Basis of Presentation [Line Items]          
Number of markets | market 40        
v3.24.0.1
Basis of Presentation (Details) - USD ($)
$ in Millions
 3 Months Ended 6 Months Ended 9 Months Ended 12 Months Ended
Jun. 30, 2023
Mar. 31, 2023
Dec. 31, 2022
Sep. 30, 2022
Jun. 30, 2022
Mar. 31, 2022
Jun. 30, 2023
Jun. 30, 2022
Sep. 30, 2022
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
New Accounting Pronouncements or Change in Accounting Principle [Line Items]                          
Revenue $ 1,120.2 $ 1,101.5 $ 1,159.2 $ 1,220.8 $ 1,213.0 $ 1,215.6 $ 2,221.7 $ 2,428.6 $ 3,649.4 $ 4,511.1 $ 4,808.6 $ 4,811.3  
Operating income (loss) 135.4 106.6 106.9 151.7 (356.1) 184.0 242.0 (172.1) (20.4) 517.7 86.5 63.8  
Earnings (loss) before income taxes 45.7 (56.2) 116.0 120.7 (472.1) 112.4 (10.5) (359.7) (239.0) (62.4) (123.0) (318.0)  
Net earnings (loss) attributable to Liberty Latin America shareholders     138.6 75.7 (463.5) 78.5       (73.6) (170.7) (440.6)  
Net earnings (loss) attributable to Liberty Latin America shareholders 35.1 (65.6)         (30.5) (385.0) (309.3) (86.8) (207.8) (490.6)  
Balance Sheet Related Disclosures [Abstract]                          
Total liabilities     11,018.5             11,284.9 11,018.5    
Total equity     2,556.7             $ 2,309.7 2,556.7 2,893.9 $ 3,321.4
As previously reported                          
New Accounting Pronouncements or Change in Accounting Principle [Line Items]                          
Revenue 1,122.7 1,103.8 1,160.7 1,222.0 1,216.2 1,216.2 2,226.5 2,432.4 3,654.4   4,815.1 4,814.8  
Operating income (loss) 139.5 113.0 109.5 152.9 (352.9) 184.6 252.5 (168.3) (15.4)   94.1 67.3  
Earnings (loss) before income taxes 49.8 (49.8) 118.6 121.9 (468.9) 113.0 0.0 (355.9) (234.0)   (115.4) (314.5)  
Net earnings (loss) attributable to Liberty Latin America shareholders     134.7 84.1 (475.0) 80.6         (175.6) (437.8)  
Net earnings (loss) attributable to Liberty Latin America shareholders 38.2 (49.7)         (11.5) (394.4) (310.3)        
Balance Sheet Related Disclosures [Abstract]                          
Total liabilities     11,009.1               11,009.1    
Total equity     2,566.1               2,566.1    
Adjustments                          
New Accounting Pronouncements or Change in Accounting Principle [Line Items]                          
Revenue (2.5) (2.3) (1.5) (1.2) (3.2) (0.6) (4.8) (3.8) (5.0)   (6.5) (3.5)  
Operating income (loss) (4.1) (6.4) (2.6) (1.2) (3.2) (0.6) (10.5) (3.8) (5.0)   (7.6) (3.5)  
Earnings (loss) before income taxes (4.1) (6.4) (2.6) (1.2) (3.2) (0.6) (10.5) (3.8) (5.0)   (7.6) (3.5)  
Net earnings (loss) attributable to Liberty Latin America shareholders     3.9 $ (8.4) $ 11.5 $ (2.1)         4.9 $ (2.8)  
Net earnings (loss) attributable to Liberty Latin America shareholders $ (3.1) $ (15.9)         $ (19.0) $ 9.4 $ 1.0        
Balance Sheet Related Disclosures [Abstract]                          
Total liabilities     9.4               9.4    
Total equity     $ (9.4)               $ (9.4)    
v3.24.0.1
Summary of Significant Accounting Policies - Narrative (Details) - USD ($)
$ in Millions
 12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Concentration Risk [Line Items]    
Long-term portion of our notes receivable, net of allowances $ 73 $ 64
Proceeds from sale of receivables to third parties $ 32 48
Spectrum licenses    
Concentration Risk [Line Items]    
Estimated useful life 10 years  
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  
Customer Concentration Risk | Accounts Receivable | Single Government Entity    
Concentration Risk [Line Items]    
Accounts receivable $ 119 $ 81
v3.24.0.1
Summary of Significant Accounting Policies - Changes in Trade Receivables Allowance for Credit Losses (Details) - USD ($)
$ in Millions
 12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Accounts Receivable, Allowance for Credit Loss [Roll Forward]      
Beginning balance $ 101.1 $ 112.6 $ 116.2
Provision for expected losses, net 71.5 78.4 71.4
Write-offs (84.0) (79.1) (59.5)
Foreign currency translation adjustments and other 3.0 (10.8) (15.5)
Ending balance $ 91.6 $ 101.1 $ 112.6
v3.24.0.1
Summary of Significant Accounting Policies - Contract Assets, Deferred Contract Costs and Deferred Revenue (Details) - USD ($)
$ in Millions
Dec. 31, 2023
Dec. 31, 2022
Accounting Policies [Abstract]    
Current contract assets $ 142 $ 107
Aggregate current and long-term deferred revenue $ 259 $ 261
v3.24.0.1
Summary of Significant Accounting Policies - Operating Leases (Details) - renewal_option
 12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
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  
v3.24.0.1
Summary of Significant Accounting Policies - Revenue Recognition (Details) - Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2024-01-01
$ in Millions
Dec. 31, 2023
USD ($)
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]  
Unfulfilled performance obligations $ 280
Unfulfilled performance obligations, remaining life 4 years
v3.24.0.1
Acquisitions - Narrative (Details)
$ in Millions
 12 Months Ended
Nov. 06, 2023
USD ($)
installment
Dec. 31, 2021
USD ($)
Sep. 14, 2021
USD ($)
Aug. 09, 2021
USD ($)
Jul. 30, 2020
USD ($)
Dec. 31, 2023
USD ($)
Dec. 31, 2022
USD ($)
Dec. 31, 2021
USD ($)
Business Acquisition [Line Items]                
Revenue           $ 4,873.1 $ 5,116.1  
Net loss attributable to Liberty Latin America shareholders           (188.8) (470.9)  
Capital contribution from noncontrolling interest owner           5.1 0.0 $ 46.9
Revenue               112.0
Net earnings (loss)               $ 5.0
DISH                
Business Acquisition [Line Items]                
Asset purchase price $ 256.0              
Number of annual installments | installment 4              
Claro Panama Acquisition                
Business Acquisition [Line Items]                
Aggregate purchase price     $ 200.0          
Revenue           70.0    
Net loss attributable to Liberty Latin America shareholders           $ (14.0)    
Telefnica S A Acquisition                
Business Acquisition [Line Items]                
Aggregate purchase price       $ 500.0 $ 500.0      
Capital contribution from noncontrolling interest owner       $ 47.0        
Total consideration paid             $ 12.0  
Broadband VI, LLC Acquisition                
Business Acquisition [Line Items]                
Aggregate purchase price   $ 33.0            
Percent of interests acquired             96.00%  
v3.24.0.1
Acquisitions - Reconciliation Of Purchase Price To Net Cash Paid (Details) - USD ($)
$ in Millions
 12 Months Ended
Sep. 14, 2021
Aug. 09, 2021
Jul. 30, 2020
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Jul. 01, 2022
Business Acquisition [Line Items]              
Net cash paid for the Claro Panama Acquisition       $ 0.0 $ 230.8 $ 520.6  
Claro Panama Acquisition              
Business Acquisition [Line Items]              
Stated purchase price $ 200.0            
Working capital adjustments 9.3            
Total purchase price 209.3           $ 209.3
Opening balance sheet cash (1.2)            
Net cash paid for the Claro Panama Acquisition $ 208.1            
Telefnica S A Acquisition              
Business Acquisition [Line Items]              
Stated purchase price   $ 500.0 $ 500.0        
Working capital adjustments   25.1          
Total purchase price   525.1          
Opening balance sheet cash   (17.0)          
Net cash paid for the Claro Panama Acquisition   $ 508.1          
v3.24.0.1
Acquisitions - Preliminary Opening Balance Sheet (Details) - USD ($)
$ in Millions
 12 Months Ended
Jul. 01, 2022
Aug. 09, 2021
Dec. 31, 2021
Dec. 31, 2023
Dec. 31, 2022
Sep. 14, 2021
Business Acquisition [Line Items]            
Goodwill     $ 3,948.0 $ 3,483.4 $ 3,421.3  
Claro Panama Acquisition            
Business Acquisition [Line Items]            
Current assets $ 24.4          
Property and equipment 136.3          
Intangible assets subject to amortization 47.9          
Other assets 198.2          
Current liabilities (64.8)          
Long-term liabilities (132.7)          
Total purchase price $ 209.3         $ 209.3
Claro Panama Acquisition | Customer relationships            
Business Acquisition [Line Items]            
Weighted average useful life of acquired intangible assets (in years) 6 years          
Telefnica S A Acquisition            
Business Acquisition [Line Items]            
Current assets   $ 74.7        
Goodwill   256.7        
Property and equipment   150.6        
Intangible assets subject to amortization   139.9        
Other assets   145.7        
Current liabilities   (74.2)        
Long-term liabilities   (168.3)        
Total purchase price   $ 525.1        
Direct acquisition costs     $ 9.0      
Telefnica S A Acquisition | Customer relationships            
Business Acquisition [Line Items]            
Weighted average useful life of acquired intangible assets (in years)   7 years        
Telefnica S A Acquisition | Spectrum licenses            
Business Acquisition [Line Items]            
Weighted average useful life of acquired intangible assets (in years)   25 years        
v3.24.0.1
Acquisitions - Pro Forma Information (Details) - USD ($)
$ in Millions
 12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Business Combination and Asset Acquisition [Abstract]    
Revenue $ 4,873.1 $ 5,116.1
Net loss attributable to Liberty Latin America shareholders $ (188.8) $ (470.9)
v3.24.0.1
Disposition - Narrative (Details)
$ in Millions, $ in Billions
 1 Months Ended 3 Months Ended 6 Months Ended 9 Months Ended 12 Months Ended
Dec. 26, 2023
USD ($)
Dec. 26, 2023
CLP ($)
Oct. 31, 2022
USD ($)
Jun. 30, 2023
USD ($)
Mar. 31, 2023
USD ($)
Dec. 31, 2022
USD ($)
Sep. 30, 2022
USD ($)
Jun. 30, 2022
USD ($)
Mar. 31, 2022
USD ($)
Jun. 30, 2023
USD ($)
Jun. 30, 2022
USD ($)
Sep. 30, 2022
USD ($)
Dec. 31, 2023
USD ($)
Dec. 31, 2023
CLP ($)
Dec. 31, 2022
USD ($)
Dec. 31, 2021
USD ($)
Oct. 30, 2022
Sep. 29, 2021
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]                                    
Total       $ 45.7 $ (56.2) $ 116.0 $ 120.7 $ (472.1) $ 112.4 $ (10.5) $ (359.7) $ (239.0) $ (62.4)   $ (123.0) $ (318.0)    
Proportionate share of accumulated net losses                         351.0 $ 297        
Joint venture, maximum additional capital required $ 1,104.0 $ 972                                
Chile JV                                    
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]                                    
Ownership interest percentage     50.00%                           50.00% 50.00%
Total                             $ 26.0 $ 271.0    
Gain (loss) on fair value hedges recognized in earnings                         169.0          
Derivatives used in net investment hedge, net of tax                         17.0          
Contribution provided for working capital purposes                         $ 50.0          
America Movil                                    
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]                                    
Payments to acquire equity method investments     $ 76.0                              
Aggregate principal amount   $ 721                                
v3.24.0.1
Disposition - Schedule of Assets and Liabilities (Details) - Disposal Group, Held-for-sale, Not Discontinued Operations - Chile JV Entities
$ in Millions
Dec. 31, 2023
USD ($)
Assets:  
Cash and cash equivalents $ 63.0
Other current assets, net 104.4
Property and equipment, net 697.5
Goodwill 275.6
Other assets, net 259.1
Total assets 1,399.6
Liabilities:  
Current portion of debt 72.4
Other accrued and current liabilities 210.1
Long-term debt 1,330.9
Other long-term liabilities 55.1
Total liabilities $ 1,668.5
v3.24.0.1
Derivative Instruments - Fair Values of Derivative Assets and Liabilities (Details) - USD ($)
$ in Millions
Dec. 31, 2023
Dec. 31, 2022
Assets :    
Current $ 92.0 $ 91.3
Long-term 157.4 224.2
Total 249.4 315.5
Liabilities :    
Current derivative liabilities 25.0 42.3
Long-term 34.6 0.0
Total 59.6 42.3
Interest rate derivative contracts    
Assets :    
Current 91.9 91.3
Long-term 157.4 224.2
Total 249.3 315.5
Liabilities :    
Current derivative liabilities 8.2 30.4
Long-term 30.6 0.0
Total 38.8 30.4
Other    
Assets :    
Current 0.1 0.0
Long-term 0.0 0.0
Total 0.1 0.0
Foreign currency forward contracts    
Liabilities :    
Current derivative liabilities 16.8 11.9
Long-term 4.0 0.0
Total $ 20.8 $ 11.9
v3.24.0.1
Derivative Instruments - Realized and Unrealized Gains (Losses) on Derivatives (Details) - USD ($)
$ in Millions
 12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Derivative [Line Items]      
Gain (loss) on derivative instruments, net $ (34.2) $ 359.4 $ 564.1
Interest rate and cross-currency derivative contracts      
Derivative [Line Items]      
Gain (loss) on derivative instruments, net 27.3 404.3 565.4
Foreign currency forward contracts and other      
Derivative [Line Items]      
Gain (loss) on derivative instruments, net (30.6) (13.5) 25.8
Weather Derivatives      
Derivative [Line Items]      
Gain (loss) on derivative instruments, net $ (30.9) $ (31.4) $ (27.1)
v3.24.0.1
Derivative Instruments - Net Cash Received (Paid) Related to Derivatives (Details) - USD ($)
$ in Millions
 12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Derivative Instruments and Hedging Activities Disclosure [Abstract]      
Operating activities $ 35.6 $ (20.5) $ (94.5)
Investing activities 0.0 (7.4) (1.2)
Financing activities 9.8 97.6 (43.0)
Total $ 45.4 $ 69.7 $ (138.7)
v3.24.0.1
Derivative Instruments - Narrative (Details) - 12 months ended Dec. 31, 2023
$ in Millions, ₡ in Billions
USD ($)
CRC (₡)
Measurement Input, Counterparty Credit Risk    
Derivative Instruments, Gain (Loss) [Line Items]    
Exposure to counterparty credit risk $ 211  
Interest Rate Floor    
Derivative Instruments, Gain (Loss) [Line Items]    
Notional amount due from counterparty $ 620  
Weighted average remaining life (in years) 4 years 9 months 18 days  
Interest Rate Cap    
Derivative Instruments, Gain (Loss) [Line Items]    
Notional amount due from counterparty $ 120  
Weighted average remaining life (in years) 4 years 9 months 18 days  
Foreign currency forward contracts | Costa Rice Borrowing Group    
Derivative Instruments, Gain (Loss) [Line Items]    
Notional amount due from counterparty $ 218 ₡ 125
Weighted average remaining life (in years) 7 months 6 days  
v3.24.0.1
Derivative Instruments - Interest Rate Derivative Contracts (Details)
$ in Millions
 12 Months Ended
Dec. 31, 2023
USD ($)
Interest Rate Swap | C&W  
Derivative [Line Items]  
Notional amount due from counterparty $ 2,100.0
Weighted average remaining life (in years) 4 years 7 months 6 days
Derivative floor interest rate (as a percent) 0.00%
Interest Rate Swap | Liberty Puerto Rico  
Derivative [Line Items]  
Notional amount due from counterparty $ 500.0
Weighted average remaining life (in years) 4 years 9 months 18 days
Basis Swap | C&W  
Derivative [Line Items]  
Notional amount due from counterparty $ 2,100.0
Weighted average remaining life (in years) 1 year
Basis Swap | Liberty Puerto Rico  
Derivative [Line Items]  
Notional amount due from counterparty $ 620.0
Weighted average remaining life (in years) 1 year
v3.24.0.1
Long-lived Assets - Schedule of Impairment Charges (Details) - USD ($)
$ in Millions
 12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Schedule of Lmpairment Changes of Long-Lived Assets [Line Items]      
Goodwill $ 0.0 $ 555.3 $ 605.1
Property and equipment and other 67.0 8.5 4.1
Total impairment charges $ 67.0 $ 563.8 $ 609.2
Impairment, Long-Lived Asset, Held-for-Use, Statement of Income or Comprehensive Income [Extensible Enumeration] Depreciation and amortization Depreciation and amortization Depreciation and amortization
C&W Caribbean      
Schedule of Lmpairment Changes of Long-Lived Assets [Line Items]      
Goodwill $ 0.0 $ 555.3 $ 605.1
Property and equipment and other 4.1 3.1 2.6
Total impairment charges 4.1 558.4 607.7
Goodwill after impairments 498.0    
C&W Panama      
Schedule of Lmpairment Changes of Long-Lived Assets [Line Items]      
Goodwill 0.0 0.0 0.0
Property and equipment and other 51.9 0.0 0.0
Total impairment charges 51.9 0.0 0.0
Liberty Networks      
Schedule of Lmpairment Changes of Long-Lived Assets [Line Items]      
Goodwill 0.0 0.0 0.0
Property and equipment and other 0.8 1.0 0.0
Total impairment charges 0.8 1.0 0.0
Liberty Puerto Rico      
Schedule of Lmpairment Changes of Long-Lived Assets [Line Items]      
Goodwill 0.0 0.0 0.0
Property and equipment and other 9.4 3.6 0.2
Total impairment charges 9.4 3.6 0.2
VTR      
Schedule of Lmpairment Changes of Long-Lived Assets [Line Items]      
Goodwill 0.0 0.0 0.0
Property and equipment and other 0.0 0.1 1.3
Total impairment charges 0.0 0.1 1.3
Liberty Costa Rica      
Schedule of Lmpairment Changes of Long-Lived Assets [Line Items]      
Goodwill 0.0 0.0 0.0
Property and equipment and other 0.8 0.7 0.0
Total impairment charges $ 0.8 $ 0.7 $ 0.0
v3.24.0.1
Long-lived Assets - Schedule of Goodwill (Details) - USD ($)
$ in Millions
 12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Goodwill [Roll Forward]      
Goodwill beginning balance $ 3,421.3 $ 3,948.0  
Acquisitions and related adjustments 0.0 (6.0)  
Foreign currency translation adjustments and other 62.1 34.6  
Impairments 0.0 (555.3) $ (605.1)
Goodwill ending balance 3,483.4 3,421.3 3,948.0
Accumulated goodwill impairments 2,784.0 2,784.0  
C&W Caribbean      
Goodwill [Roll Forward]      
Goodwill beginning balance 1,220.4 1,787.1  
Acquisitions and related adjustments 0.0 (16.5)  
Foreign currency translation adjustments and other (2.3) 5.1  
Impairments 0.0 (555.3) (605.1)
Goodwill ending balance 1,218.1 1,220.4 1,787.1
C&W Panama      
Goodwill [Roll Forward]      
Goodwill beginning balance 617.1 617.1  
Acquisitions and related adjustments 0.0 0.0  
Foreign currency translation adjustments and other 0.0 0.0  
Impairments 0.0 0.0 0.0
Goodwill ending balance 617.1 617.1 617.1
Liberty Networks      
Goodwill [Roll Forward]      
Goodwill beginning balance 654.0 646.8  
Acquisitions and related adjustments (5.7) 11.5  
Foreign currency translation adjustments and other 7.6 (4.3)  
Impairments   0.0  
Goodwill ending balance 655.9 654.0 646.8
Liberty Puerto Rico      
Goodwill [Roll Forward]      
Goodwill beginning balance 501.1 498.3  
Acquisitions and related adjustments 0.0 2.8  
Foreign currency translation adjustments and other 0.0 0.0  
Impairments 0.0 0.0 0.0
Goodwill ending balance 501.1 501.1 498.3
Liberty Costa Rica      
Goodwill [Roll Forward]      
Goodwill beginning balance 428.7 398.7  
Acquisitions and related adjustments 5.7 (3.8)  
Foreign currency translation adjustments and other 56.8 33.8  
Impairments 0.0 0.0 0.0
Goodwill ending balance 491.2 428.7 398.7
VTR      
Goodwill [Roll Forward]      
Impairments $ 0.0 $ 0.0 $ 0.0
v3.24.0.1
Long-lived Assets - Schedule of Property and Equipment and the Related Accumulated Depreciation (Details) - USD ($)
$ in Millions
 12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Property, Plant and Equipment [Line Items]      
Property and equipment, gross $ 7,659.6 $ 7,570.8  
Accumulated depreciation (3,453.9) (3,277.2)  
Total 4,205.7 4,293.6  
Depreciation expense 840.0 726.0 $ 771.0
Non-cash increases related to vendor financing arrangements 143.8 161.1 $ 100.5
Distribution systems      
Property, Plant and Equipment [Line Items]      
Property and equipment, gross $ 4,797.4 4,419.1  
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, buildings, land and CIP      
Property, Plant and Equipment [Line Items]      
Property and equipment, gross $ 1,923.9 2,232.7  
Support equipment, buildings, land and CIP | Minimum      
Property, Plant and Equipment [Line Items]      
Estimated useful life 3 years    
Support equipment, buildings, land and CIP | Maximum      
Property, Plant and Equipment [Line Items]      
Estimated useful life 40 years    
CPE      
Property, Plant and Equipment [Line Items]      
Property and equipment, gross $ 938.3 $ 919.0  
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    
v3.24.0.1
Long-lived Assets - Schedule of Intangible Assets Subject to Amortization, Net (Details) - USD ($)
$ in Millions
 12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Gross carrying amount $ 1,614.5 $ 1,743.3  
Accumulated amortization (1,072.9) (1,055.2)  
Total 541.6 688.1  
Amortization expense 168.0 185.0 $ 193.0
Customer relationships      
Gross carrying amount 1,327.8 1,464.4  
Licenses and other      
Gross carrying amount $ 286.7 $ 278.9  
Minimum      
Estimated useful life 4 years    
Maximum      
Estimated useful life 25 years    
v3.24.0.1
Long-lived Assets - Schedule of Future Amortization Expense (Details) - USD ($)
$ in Millions
Dec. 31, 2023
Dec. 31, 2022
Goodwill and Intangible Assets Disclosure [Abstract]    
2024 $ 135.3  
2025 92.9  
2026 67.9  
2027 57.4  
2028 49.9  
Thereafter 138.2  
Total $ 541.6 $ 688.1
v3.24.0.1
Long-lived Assets - Schedule of Intangible Assets Not Subject to Amortization (Details) - USD ($)
$ in Millions
Dec. 31, 2023
Dec. 31, 2022
Indefinite-lived Intangible Assets [Line Items]    
Intangible assets not subject to amortization $ 1,592.8 $ 1,592.8
Spectrum licenses    
Indefinite-lived Intangible Assets [Line Items]    
Intangible assets not subject to amortization 1,051.0 1,051.0
Cable television franchise rights and other    
Indefinite-lived Intangible Assets [Line Items]    
Intangible assets not subject to amortization $ 541.8 $ 541.8
v3.24.0.1
Operating Leases - Operating Lease Expense (Details) - USD ($)
$ in Millions
 12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Operating lease expense:      
Operating lease cost $ 128.0 $ 118.8 $ 93.1
Short-term lease cost 29.0 24.6 21.0
Total operating lease expense $ 157.0 $ 143.4 $ 114.1
v3.24.0.1
Operating Leases - Operating Lease Assets and Liabilities (Details) - USD ($)
$ in Millions
 12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Leases [Abstract]      
Operating lease right-of-use assets $ 475.2 $ 550.8  
Operating lease liabilities:      
Current 84.3 76.7  
Noncurrent 483.4 438.5  
Total operating lease liabilities $ 567.7 $ 515.2  
Weighted-average remaining lease term 7 years 4 months 24 days 8 years 2 months 12 days  
Weighted-average discount rate 7.80% 7.50%  
Operating cash outflows from operating leases $ 131.9 $ 120.4 $ 93.1
Right-of-use asset obtained in exchange for operating lease liability 53.8 $ 237.4 $ 211.8
Impairment, lessor asset under operating lease $ 52.0    
v3.24.0.1
Operating Leases - Future Minimum Payments of Maturity (Details) - USD ($)
$ in Millions
Dec. 31, 2023
Dec. 31, 2022
Leases [Abstract]    
2024 $ 123.0  
2025 114.8  
2026 103.4  
2027 88.3  
2028 79.4  
Thereafter 260.8  
Total operating lease liabilities on an undiscounted basis 769.7  
Present value discount (202.0)  
Present value of operating lease liabilities $ 567.7 $ 515.2
v3.24.0.1
Debt and Finance Lease Obligations - Components of Debt (Details) - USD ($)
$ in Millions
Dec. 31, 2023
Dec. 31, 2022
Debt Instrument [Line Items]    
Weighted average interest rate (as a percent) 7.10%  
Unused borrowing capacity $ 869.0  
Estimated fair value 7,985.3 $ 7,446.5
Total debt before premiums, discounts and deferred financing costs 8,242.2 7,966.1
Premiums, discounts and deferred financing costs, net (67.8) (94.0)
Total carrying amount of debt 8,174.4 7,872.1
Finance lease obligations 5.5 8.6
Total debt and finance lease obligations 8,179.9 7,880.7
Less: Current maturities of debt and finance lease obligations (581.9) (226.9)
Long-term debt and finance lease obligations $ 7,598.0 $ 7,653.8
Finance Lease, Liability, Statement of Financial Position [Extensible Enumeration] Total debt and finance lease obligations Total debt and finance lease obligations
Convertible Notes | Convertible Debt    
Debt Instrument [Line Items]    
Weighted average interest rate (as a percent) 2.00%  
Unused borrowing capacity $ 0.0  
Estimated fair value 213.8 $ 357.4
Total debt before premiums, discounts and deferred financing costs $ 220.3 402.5
C&W Notes | Senior Notes    
Debt Instrument [Line Items]    
Weighted average interest rate (as a percent) 6.55%  
Unused borrowing capacity $ 0.0  
Estimated fair value 1,609.8 1,591.6
Total debt before premiums, discounts and deferred financing costs 1,715.0 1,715.0
Total carrying amount of debt $ 1,712.7  
C&W Credit Facilities | Line of Credit    
Debt Instrument [Line Items]    
Weighted average interest rate (as a percent) 7.34%  
Credit facilities, unused borrowing capacity $ 636.5  
Estimated fair value 2,663.4 2,505.0
Total debt before premiums, discounts and deferred financing costs 2,694.2 2,605.2
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 $ 1,962.8  
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 1,851.5 1,772.7
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) 9.29%  
Credit facilities, unused borrowing capacity $ 172.5  
Estimated fair value 621.6 613.8
Total debt before premiums, discounts and deferred financing costs $ 620.0 620.0
LCR Credit Facilities | Line of Credit    
Debt Instrument [Line Items]    
Weighted average interest rate (as a percent) 10.88%  
Credit facilities, unused borrowing capacity $ 60.0  
Estimated fair value 463.5 382.9
Total debt before premiums, discounts and deferred financing costs $ 450.0 419.3
Vendor financing, Tower Transactions and other | Unsecured Debt    
Debt Instrument [Line Items]    
Weighted average interest rate (as a percent) 7.81%  
Unused borrowing capacity $ 0.0  
Estimated fair value 561.7 223.1
Total debt before premiums, discounts and deferred financing costs 561.7 223.1
Total carrying amount of debt $ 299.0 $ 217.0
v3.24.0.1
Debt and Finance Lease Obligations - Components of Debt Narrative (Details) - USD ($)
$ in Millions
 12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Debt Instrument [Line Items]      
Sale-leaseback sold and leased back towers $ 244.0    
Carrying value $ 8,174.4 $ 7,872.1  
Convertible Notes | Convertible Debt      
Debt Instrument [Line Items]      
Conversion ratio (in dollars per share) 6.70%    
Vendor financing and other | Unsecured Debt      
Debt Instrument [Line Items]      
Carrying value $ 299.0 217.0  
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 $ 177.0 $ 149.0 $ 110.0
v3.24.0.1
Debt and Finance Lease Obligations - Narrative (Details)
 12 Months Ended
Dec. 31, 2023
agreement
group
Debt Instrument [Line Items]  
Number of borrowing group, incurring outstanding debt 1
Number of borrowing groups 3
Number of credit facility agreement, entered by borrowing group | agreement 1
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%
v3.24.0.1
Debt and Finance Lease Obligations - Convertible Notes (Details) - Convertible Notes
$ / shares in Units, $ in Millions
 1 Months Ended 12 Months Ended
Sep. 30, 2020
Jun. 30, 2019
USD ($)
day
Dec. 31, 2023
USD ($)
$ / shares
Debt Instrument [Line Items]      
Non-cash component     $ 215
Debt instrument, unamortized discount     $ 5
Convertible Debt      
Debt Instrument [Line Items]      
Conversion ratio 0.0484315    
Conversion price (in dollars per share) | $ / shares     $ 20.65
Equity component of convertible debt   $ 78  
Trading days before expiration     85 days
Percentage of stock price trigger   130.00%  
Threshold trading day | day   20  
Threshold consecutive trading days   30 days  
Fundamental change percentage   100.00%  
v3.24.0.1
Debt and Finance Lease Obligations - C&W Notes (Details) - USD ($)
$ in Millions
 12 Months Ended
Dec. 31, 2023
Dec. 31, 2021
Dec. 31, 2022
Debt Instrument [Line Items]      
Outstanding principal amount $ 8,242.2   $ 7,966.1
Carrying value $ 8,174.4   7,872.1
2027 C&W Senior Secured Notes | Senior Notes      
Debt Instrument [Line Items]      
Interest rate 5.75%    
Outstanding principal amount $ 495.0    
Carrying value $ 494.3    
Redemption price   103.00%  
2027 C&W Senior Secured Notes | Senior Notes | 2024      
Debt Instrument [Line Items]      
Redemption price 100.00%    
2027 C&W Senior Secured Notes | Senior Notes | 2025      
Debt Instrument [Line Items]      
Redemption price 100.00%    
2027 C&W Senior Notes | Senior Notes      
Debt Instrument [Line Items]      
Interest rate 6.875%    
Outstanding principal amount $ 1,220.0    
Carrying value $ 1,218.4    
2027 C&W Senior Notes | Senior Notes | 2024      
Debt Instrument [Line Items]      
Redemption price 100.859%    
2027 C&W Senior Notes | Senior Notes | 2025      
Debt Instrument [Line Items]      
Redemption price 100.00%    
C&W Notes | Senior Notes      
Debt Instrument [Line Items]      
Outstanding principal amount $ 1,715.0   $ 1,715.0
Carrying value $ 1,712.7    
v3.24.0.1
Debt and Finance Lease Obligations - C&W Credit Facilities (Details)
$ in Millions
 12 Months Ended
Dec. 31, 2023
USD ($)
May 31, 2024
installment
Dec. 31, 2022
USD ($)
Debt Instrument [Line Items]      
Outstanding principal amount $ 8,242.2   $ 7,966.1
Line of Credit | CWP Revolving Credit Facility      
Debt Instrument [Line Items]      
Unused borrowing capacity 10.0    
Outstanding principal amount 10.0    
Carrying value $ 10.0    
Fee on unused portion of credit facility 0.50%    
Line of Credit | CWP Revolving Credit Facility | SOFR      
Debt Instrument [Line Items]      
Interest rate 3.75%    
Line of Credit | C&W Revolving Credit Facility      
Debt Instrument [Line Items]      
Unused borrowing capacity $ 572.0    
Outstanding principal amount $ 40.0    
Line of Credit | C&W Revolving Credit Facility | SOFR      
Debt Instrument [Line Items]      
Interest rate 3.25%    
Line of Credit | C&W Term Loan B-5 Facility      
Debt Instrument [Line Items]      
Unused borrowing capacity $ 0.0    
Outstanding principal amount 1,510.0    
Carrying value $ 1,499.7    
Line of Credit | C&W Term Loan B-5 Facility | SOFR      
Debt Instrument [Line Items]      
Interest rate 2.25%    
Line of Credit | C&W Term Loan B-5 Facility | SOFR | Minimum      
Debt Instrument [Line Items]      
Interest rate 0.00%    
Line of Credit | C&W Term Loan B-6 Facility      
Debt Instrument [Line Items]      
Unused borrowing capacity $ 0.0    
Outstanding principal amount 590.0    
Carrying value $ 582.3    
Line of Credit | C&W Term Loan B-6 Facility | SOFR      
Debt Instrument [Line Items]      
Interest rate 3.00%    
Line of Credit | C&W Term Loan B-6 Facility | SOFR | Minimum      
Debt Instrument [Line Items]      
Interest rate 0.00%    
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 $ 430.9    
Line of Credit | C&W Regional Facilities      
Debt Instrument [Line Items]      
Interest rate 6.85%    
Unused borrowing capacity $ 54.5    
Outstanding principal amount 80.2    
Carrying value $ 78.7    
Line of Credit | C&W Other Facilities      
Debt Instrument [Line Items]      
Interest rate 6.48%    
Unused borrowing capacity $ 0.0    
Outstanding principal amount 69.0    
Carrying value 69.0    
Line of Credit | C&W Other Facilities | Forecast      
Debt Instrument [Line Items]      
Number of annual installments | installment   3  
Line of Credit | C&W Credit Facilities      
Debt Instrument [Line Items]      
Unused borrowing capacity 636.5    
Outstanding principal amount 2,694.2   $ 2,605.2
Carrying value $ 2,670.6    
v3.24.0.1
Debt and Finance Lease Obligations - LPR Senior Secured Notes (Details) - USD ($)
$ in Millions
 12 Months Ended
Dec. 31, 2023
Dec. 31, 2021
Dec. 31, 2022
Debt Instrument [Line Items]      
Outstanding principal amount $ 8,242.2   $ 7,966.1
Carrying value $ 8,174.4   $ 7,872.1
Senior Notes | 2027 LPR Senior Secured Notes      
Debt Instrument [Line Items]      
Interest rate 6.75%    
Outstanding principal amount $ 1,161.0    
Carrying value $ 1,149.8    
Redemption price   103.00%  
Senior Notes | 2027 LPR Senior Secured Notes | 2024      
Debt Instrument [Line Items]      
Redemption price 100.00%    
Senior Notes | 2027 LPR Senior Secured Notes | 2025      
Debt Instrument [Line Items]      
Redemption price 100.00%    
Senior Notes | 2027 LPR Senior Secured Notes | 2026 and thereafter      
Debt Instrument [Line Items]      
Redemption price 100.00%    
Senior Notes | 2029 LPR Senior Secured Notes      
Debt Instrument [Line Items]      
Interest rate 5.125%    
Outstanding principal amount $ 820.0    
Carrying value $ 813.0    
Senior Notes | 2029 LPR Senior Secured Notes | 2024      
Debt Instrument [Line Items]      
Redemption price 102.563%    
Senior Notes | 2029 LPR Senior Secured Notes | 2025      
Debt Instrument [Line Items]      
Redemption price 101.281%    
Senior Notes | 2029 LPR Senior Secured Notes | 2026 and thereafter      
Debt Instrument [Line Items]      
Redemption price 100.00%    
Senior Notes | LPR Senior Secured Notes      
Debt Instrument [Line Items]      
Outstanding principal amount $ 1,981.0    
Carrying value $ 1,962.8    
v3.24.0.1
Debt and Finance Lease Obligations - LPR Credit Facilities (Details) - USD ($)
$ in Millions
 12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Debt Instrument [Line Items]    
Outstanding principal amount $ 8,242.2 $ 7,966.1
Line of Credit | LPR Revolving Credit Facility    
Debt Instrument [Line Items]    
Unused borrowing capacity 172.5  
Outstanding principal amount 0.0  
Carrying value $ 0.0  
Line of Credit | LPR Revolving Credit Facility | SOFR    
Debt Instrument [Line Items]    
Interest rate 3.50%  
Fee on unused portion of credit facility 0.00%  
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]    
Unused borrowing capacity $ 0.0  
Outstanding principal amount 620.0  
Carrying value $ 616.3  
Line of Credit | 2028 LPR Term Loan | SOFR    
Debt Instrument [Line Items]    
Interest rate 3.75%  
Line of Credit | LPR Credit Facilities    
Debt Instrument [Line Items]    
Unused borrowing capacity $ 172.5  
Outstanding principal amount 620.0 $ 620.0
Carrying value $ 616.3  
Line of Credit | 2031 LCR Term Loan A    
Debt Instrument [Line Items]    
Interest rate 10.875%  
Unused borrowing capacity $ 0.0  
Outstanding principal amount 50.0  
Carrying value $ 48.9  
Line of Credit | 2031 LCR Term Loan B    
Debt Instrument [Line Items]    
Interest rate 10.875%  
Unused borrowing capacity $ 0.0  
Outstanding principal amount 400.0  
Carrying value $ 386.7  
v3.24.0.1
Debt and Finance Lease Obligations - LCR Credit Facilities (Details) - USD ($)
$ in Millions
 12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Debt Instrument [Line Items]    
Outstanding principal amount $ 8,242.2 $ 7,966.1
LCR Revolving Credit Facility | Line of Credit    
Debt Instrument [Line Items]    
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%  
LCR Revolving Credit Facility | Line of Credit | SOFR    
Debt Instrument [Line Items]    
Interest rate 4.25%  
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 $ 48.9  
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 386.7  
Cabletica Credit Facilities | Line of Credit    
Debt Instrument [Line Items]    
Unused borrowing capacity 60.0  
Outstanding principal amount 450.0 $ 419.3
Carrying value $ 435.6  
v3.24.0.1
Debt and Finance Lease Obligations - Finance Activity Narrative (Details) - Line of Credit
 1 Months Ended
May 31, 2023
One Month  
Debt Instrument [Line Items]  
Interest rate 0.11448%
Three Months  
Debt Instrument [Line Items]  
Interest rate 0.26161%
Six Months  
Debt Instrument [Line Items]  
Interest rate 0.42826%
v3.24.0.1
Debt and Finance Lease Obligations - Finance Activity (Details) - Line of Credit - USD ($)
$ in Millions
 1 Months Ended
Jan. 31, 2023
Dec. 31, 2023
Dec. 31, 2022
C&W Other Facilities      
Debt Instrument [Line Items]      
Issued at   100.00%  
Amount borrowed   $ 69.0  
Unused borrowing capacity   0.0  
C&W Revolving Credit Facility      
Debt Instrument [Line Items]      
Amount borrowed   40.0  
Unused borrowing capacity   572.0  
C&W Regional Facilities      
Debt Instrument [Line Items]      
Amount borrowed   20.0  
Unused borrowing capacity   54.5  
CWP Credit Facilities      
Debt Instrument [Line Items]      
Amount borrowed   10.0  
LPR Revolving Credit Facility      
Debt Instrument [Line Items]      
Amount borrowed   $ 65.0  
2031 LCR Term Loan A      
Debt Instrument [Line Items]      
Issued at   100.00%  
Amount borrowed   $ 50.0  
Unused borrowing capacity   $ 0.0  
2031 LCR Term Loan B      
Debt Instrument [Line Items]      
Issued at   100.00%  
Amount borrowed   $ 400.0  
Unused borrowing capacity   0.0  
LCR Revolving Credit Facility      
Debt Instrument [Line Items]      
Amount borrowed   0.0  
Unused borrowing capacity $ 60.0    
Fee on unused portion of credit facility 0.50%    
2028 CWP Term Loan      
Debt Instrument [Line Items]      
Issued at     100.00%
Amount borrowed     $ 435.0
Non-cash component     $ 272.9
Unused borrowing capacity   $ 0.0  
v3.24.0.1
Debt and Finance Lease Obligations - Financing and Refinancing Activity (Details)
 3 Months Ended
Sep. 30, 2022
USD ($)
Dec. 31, 2021
USD ($)
Dec. 31, 2021
CRC (₡)
Sep. 30, 2021
USD ($)
Senior Notes        
Debt Instrument [Line Items]        
Extinguishment of debt $ 91,000,000      
C&W Term Loan B-6 Facility | Line of Credit        
Debt Instrument [Line Items]        
Issued at   99.25% 99.25%  
Amount borrowed   $ 590,000,000.0    
Non-cash component   555,000,000.0    
C&W Credit Facilities | Line of Credit        
Debt Instrument [Line Items]        
Amount borrowed       $ 580,000,000
Non-cash component   $ 0    
2029 LPR Senior Secured Notes | Senior Notes        
Debt Instrument [Line Items]        
Issued at   100.00% 100.00%  
Amount borrowed   $ 820,000,000.0    
Non-cash component   $ 500,000,000.0    
2028 LPR Term Loan | Senior Notes        
Debt Instrument [Line Items]        
Issued at   100.00% 100.00%  
Amount borrowed   $ 620,000,000.0    
Non-cash component   500,000,000.0    
LPR Revolving Credit Facility | Line of Credit        
Debt Instrument [Line Items]        
Amount borrowed   48,000,000    
Non-cash component   $ 0    
VTR Notes | Senior Notes        
Debt Instrument [Line Items]        
Issued at   100.00% 100.00%  
Amount borrowed   $ 410,000,000.0    
Non-cash component   60,000,000.0    
VTR Credit Facilities | Line of Credit        
Debt Instrument [Line Items]        
Amount borrowed   0    
Non-cash component   $ 0    
LCR Term Loan B-1 Facility | Line of Credit        
Debt Instrument [Line Items]        
Issued at   100.00% 100.00%  
Amount borrowed   $ 227,500,000    
Non-cash component   $ 0    
LCR Term Loan B-2 Facility | Line of Credit        
Debt Instrument [Line Items]        
Issued at   100.00% 100.00%  
Amount borrowed   $ 58,800,000 ₡ 36,500,000,000  
Non-cash component   $ 0    
v3.24.0.1
Debt and Finance Lease Obligations - Costa Rica Credit Facilities (Details)
₡ in Millions, $ in Millions, $ in Millions
 3 Months Ended 12 Months Ended
Sep. 30, 2022
USD ($)
Dec. 31, 2023
USD ($)
Dec. 31, 2022
USD ($)
Dec. 31, 2021
USD ($)
Dec. 31, 2021
CLP ($)
Dec. 31, 2023
CRC (₡)
Debt Instrument [Line Items]            
Outstanding principal amount   $ 8,242.2 $ 7,966.1      
Senior Notes            
Debt Instrument [Line Items]            
Extinguishment of debt $ 91.0          
C&W Revolving Credit Facility | Line of Credit            
Debt Instrument [Line Items]            
Redemption price   100.00%        
Outstanding principal amount   $ 40.0        
LPR Revolving Credit Facility | Line of Credit            
Debt Instrument [Line Items]            
Redemption price   100.00%        
Outstanding principal amount   $ 65.0        
LCR Term Loan B-1 Facility | Line of Credit            
Debt Instrument [Line Items]            
Redemption price   100.00%        
Outstanding principal amount   $ 276.7        
LCR Term Loan B-2 Facility | Line of Credit            
Debt Instrument [Line Items]            
Redemption price   100.00%        
Outstanding principal amount   $ 138.6       ₡ 79,600.0
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]            
Redemption price   94.90%        
Extinguishment of debt   $ 182.0        
Increase (decrease) in derivative assets   182.0        
C&W Regional Facilities | Line of Credit            
Debt Instrument [Line Items]            
Outstanding principal amount   80.2        
C&W Regional Facilities | Senior Notes            
Debt Instrument [Line Items]            
Redemption price     100.00%      
Repayments of long-term debt     $ 272.9      
Non-cash component     272.9      
2026 C&W Senior Notes | Senior Notes            
Debt Instrument [Line Items]            
Redemption price       103.75% 103.75%  
Repayments of long-term debt       $ 500.0    
Non-cash component       $ 500.0    
2027 C&W Senior Secured Notes | Senior Notes            
Debt Instrument [Line Items]            
Redemption price       103.00% 103.00%  
Outstanding principal amount   495.0        
Repayments of long-term debt       $ 55.0    
Non-cash component       $ 55.0    
2026 SPV Credit Facility | Senior Notes            
Debt Instrument [Line Items]            
Redemption price       100.00% 100.00%  
Repayments of long-term debt       $ 1,000.0    
Non-cash component       $ 1,000.0    
2027 LPR Senior Secured Notes | Senior Notes            
Debt Instrument [Line Items]            
Redemption price       103.00% 103.00%  
Outstanding principal amount   $ 1,161.0        
Repayments of long-term debt       $ 129.0    
Non-cash component       $ 0.0    
VTR Notes | Senior Notes            
Debt Instrument [Line Items]            
Redemption price       103.00% 103.00%  
Repayments of long-term debt       $ 120.0    
Non-cash component       $ 60.0    
VTR TLB-1 Facility | Medium-term Notes            
Debt Instrument [Line Items]            
Redemption price       100.00% 100.00%  
Repayments of long-term debt       $ 242.5 $ 174,000.0  
Non-cash component       $ 0.0    
VTR Notes | Senior Notes            
Debt Instrument [Line Items]            
Repayments of long-term debt     48.1      
Non-cash component     $ 0.0      
v3.24.0.1
Debt and Finance Lease Obligations - Maturities of Debt (Details) - USD ($)
$ in Millions
Dec. 31, 2023
Dec. 31, 2022
Debt Instrument [Line Items]    
Total debt maturities $ 8,242.2 $ 7,966.1
Premiums, discounts and deferred financing costs, net (67.8) (94.0)
Total carrying amount of debt 8,174.4 $ 7,872.1
C&W    
Debt Instrument [Line Items]    
2024 307.3  
2025 32.7  
2026 25.3  
2027 1,717.6  
2028 2,000.3  
Thereafter 786.3  
Total debt maturities 4,869.5  
Premiums, discounts and deferred financing costs, net (25.9)  
Total carrying amount of debt 4,843.6  
Current portion 307.3  
Noncurrent portion 4,536.3  
Liberty Puerto Rico    
Debt Instrument [Line Items]    
2024 58.2  
2025 1.9  
2026 0.0  
2027 1,161.0  
2028 620.0  
Thereafter 860.2  
Total debt maturities 2,701.3  
Premiums, discounts and deferred financing costs, net (21.9)  
Total carrying amount of debt 2,679.4  
Current portion 58.2  
Noncurrent portion 2,621.2  
Liberty Costa Rica    
Debt Instrument [Line Items]    
2024 0.6  
2025 0.0  
2026 0.0  
2027 0.0  
2028 0.0  
Thereafter 450.0  
Total debt maturities 450.6  
Premiums, discounts and deferred financing costs, net (14.4)  
Total carrying amount of debt 436.2  
Current portion 0.6  
Noncurrent portion 435.6  
Liberty Latin America    
Debt Instrument [Line Items]    
2024 220.8  
2025 0.0  
2026 0.0  
2027 0.0  
2028 0.0  
Thereafter 0.0  
Total debt maturities 220.8  
Premiums, discounts and deferred financing costs, net (5.6)  
Total carrying amount of debt 215.2  
Current portion 215.2  
Noncurrent portion 0.0  
Consolidated    
Debt Instrument [Line Items]    
2024 586.9  
2025 34.6  
2026 25.3  
2027 2,878.6  
2028 2,620.3  
Thereafter 2,096.5  
Total debt maturities 8,242.2  
Premiums, discounts and deferred financing costs, net (67.8)  
Total carrying amount of debt 8,174.4  
Current portion 581.3  
Noncurrent portion $ 7,593.1  
v3.24.0.1
Defined Benefit Plans - Amounts Recognized in Balance Sheet (Details) - USD ($)
$ in Millions
Dec. 31, 2023
Dec. 31, 2022
Retirement Benefits [Abstract]    
Other assets, net $ 37.9 $ 119.4
Other long-term liabilities (143.7) (146.6)
Net pension asset (liability) $ (105.8) $ (27.2)
v3.24.0.1
Defined Benefit Plans - Balance Sheet Information on Our Defined Benefit Plans (Details) - USD ($)
$ in Millions
 12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Defined Benefit Plan Disclosure [Line Items]    
Projected benefit obligation $ (1,621.0) $ (1,543.7)
Fair value of plan assets 1,515.2 1,516.5
Net pension asset (liability) $ (105.8) $ (27.2)
Benefit obligation, discount rate 5.60% 6.00%
Defined benefit plan, adjustment to discount rate used to determine benefit obligations 1.00%  
Impact of a 1.0% increase to discount rate $ (35.0)  
Impact of 1.0% decrease to discount rate 42.0  
Level 1    
Defined Benefit Plan Disclosure [Line Items]    
Fair value of plan assets 242.0 $ 659.0
Level 2    
Defined Benefit Plan Disclosure [Line Items]    
Fair value of plan assets 130.0 116.0
Level 3    
Defined Benefit Plan Disclosure [Line Items]    
Fair value of plan assets $ 1,151.0 $ 742.0
v3.24.0.1
Defined Benefit Plans - Narrative (Details)
$ in Millions
 12 Months Ended
Dec. 31, 2023
USD ($)
Defined Benefit Plan Disclosure [Line Items]  
Pension assets to accumulated $ 75.0
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%
v3.24.0.1
Equity - Schedule (Details) - shares
 12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Class A      
Increase (Decrease) in Stockholders' Equity [Roll Forward]      
Balance (in shares) 42,700,000 45,500,000 49,000,000.0
Repurchase of Liberty Latin America common shares (in shares) (2,600,000) (4,500,000) (4,300,000)
Issued in connection with share-based compensation plans and other (in shares) 700,000 1,700,000 800,000
Balance (in shares) 40,800,000 42,700,000 45,500,000
Class B      
Increase (Decrease) in Stockholders' Equity [Roll Forward]      
Balance (in shares) 2,100,000 1,900,000 1,900,000
Repurchase of Liberty Latin America common shares (in shares) 0 0 0
Issued in connection with share-based compensation plans and other (in shares) 100,000 200,000 0
Balance (in shares) 2,200,000 2,100,000 1,900,000
Class C      
Increase (Decrease) in Stockholders' Equity [Roll Forward]      
Balance (in shares) 171,300,000 182,300,000 181,100,000
Repurchase of Liberty Latin America common shares (in shares) (11,700,000) (14,800,000) (700,000)
Issued in connection with share-based compensation plans and other (in shares) 2,100,000 3,800,000 1,900,000
Balance (in shares) 161,700,000 171,300,000 182,300,000
v3.24.0.1
Equity - Narrative (Details)
$ / shares in Units, shares in Millions
 12 Months Ended
Dec. 31, 2023
USD ($)
$ / shares
vote
shares
Dec. 31, 2022
USD ($)
shares
Dec. 31, 2021
USD ($)
shares
Feb. 22, 2022
USD ($)
Mar. 16, 2020
USD ($)
Class of Stock [Line Items]          
Capital contribution from noncontrolling interest owner | $ $ 5,100,000 $ 0 $ 46,900,000    
Stock repurchase program, authorized amount | $         $ 100,000,000
Stock repurchased program, remaining authorized repurchase amount | $ $ 139,000,000        
Option indexed to issuer's equity, cap price (in dollars per share) | $ / shares $ 20.65        
Convertible Debt Securities          
Class of Stock [Line Items]          
Securities excluded (in shares) | shares 10.7 19.5 19.5    
Class A          
Class of Stock [Line Items]          
Number of votes per share | vote 1        
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        
Class C | Minimum          
Class of Stock [Line Items]          
Option indexed to issuer's equity, cap price (in dollars per share) | $ / shares $ 28.00        
Class C | Maximum          
Class of Stock [Line Items]          
Option indexed to issuer's equity, cap price (in dollars per share) | $ / shares $ 29.50        
Common Class A And Common Class C          
Class of Stock [Line Items]          
Additional amount authorized to be repurchased | $       $ 200,000,000  
v3.24.0.1
Programming and Other Direct Costs of Services (Details) - USD ($)
$ in Millions
 12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Other Income and Expenses [Line Items]      
Programming and other direct costs of services $ 1,020.4 $ 1,210.5 $ 1,214.4
Programming and copyright      
Other Income and Expenses [Line Items]      
Programming and other direct costs of services 237.2 360.3 441.4
Interconnect      
Other Income and Expenses [Line Items]      
Programming and other direct costs of services 302.5 350.3 347.2
Equipment      
Other Income and Expenses [Line Items]      
Programming and other direct costs of services 320.6 369.8 308.7
Other      
Other Income and Expenses [Line Items]      
Programming and other direct costs of services $ 160.1 $ 130.1 $ 117.1
v3.24.0.1
Other Operating Costs and Expenses (Details) - USD ($)
$ in Millions
 12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Other Income and Expenses [Abstract]      
Personnel and contract labor $ 557.6 $ 597.7 $ 575.1
Network-related 259.0 311.4 324.2
Service-related 227.6 210.8 196.5
Commercial 181.1 226.0 229.4
Facility, provision, franchise and other 563.8 542.3 460.1
Share-based compensation expense 88.7 93.5 118.1
Total other operating costs and expenses $ 1,877.8 $ 1,981.7 $ 1,903.4
v3.24.0.1
Share-based Compensation - Narrative (Details) - USD ($)
$ in Millions
 12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]          
Share-based compensation expense $ 88.7 $ 93.5 $ 118.1    
Total compensation expense not yet recognized $ 85.0        
Weighted average period remaining for expense recognition 2 years        
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) 300,000        
PSARs          
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]          
Performance period 10 years        
Class A | SARs          
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]          
Granted (in shares) 1,800,000        
Class A | PSARs          
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]          
Granted (in shares) 3,000,000        
Class C | SARs          
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]          
Granted (in shares) 3,600,000        
Class C | PSARs          
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]          
Granted (in shares) 6,000,000        
Employee Incentive Plan          
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]          
Share authorized (in shares) 75,000,000        
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  
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          
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]          
Award vesting period       3 years  
Share-based compensation expense $ 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        
v3.24.0.1
Share-based Compensation - Assumptions Used (Details) - $ / shares
 12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
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) $ 4.31 $ 4.91 $ 6.43
PSARs      
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)   5.92 6.88
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) 7.96 9.49 13.96
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) $ 8.00 $ 6.11 $ 11.57
Minimum      
Assumptions used to estimate fair value of SARs and PSARs:      
Risk-free interest rate 3.50% 2.00% 0.80%
Expected life 6 years 6 years 6 years
Expected volatility 42.10% 40.20% 36.90%
Maximum      
Assumptions used to estimate fair value of SARs and PSARs:      
Risk-free interest rate 4.20% 3.70% 1.40%
Expected life 10 years 10 years 10 years
Expected volatility 46.70% 49.80% 46.80%
v3.24.0.1
Share-based Compensation - SARs (Details) - SARs - USD ($)
$ / shares in Units, $ in Millions
 12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Class A    
Number of shares    
Outstanding (in shares) 9,100,000  
Granted (in shares) 1,800,000  
Forfeited (in shares) (900,000)  
Outstanding (in shares) 10,000,000.0  
Exercisable (in shares) 5,900,000  
Weighted average base price    
Outstanding (in dollars per share) $ 12.34 $ 13.91
Granted (in dollars per share) 7.82  
Forfeited (in dollars per share) 19.35  
Outstanding (in dollars per share) 12.34  
Exercisable (in dollars per share) $ 14.40  
Weighted average remaining contractual term, Outstanding 5 years 9 months 18 days  
Weighted average remaining contractual term, Exercisable 4 years  
Aggregate intrinsic value, Outstanding $ 0.0  
Aggregate intrinsic value, Exercisable $ 0.0  
Class C    
Number of shares    
Outstanding (in shares) 18,300,000  
Granted (in shares) 3,600,000  
Forfeited (in shares) (1,800,000)  
Outstanding (in shares) 20,100,000  
Exercisable (in shares) 11,800,000  
Weighted average base price    
Outstanding (in dollars per share) $ 12.34 $ 13.92
Granted (in dollars per share) 7.79  
Forfeited (in dollars per share) 19.49  
Outstanding (in dollars per share) 12.34  
Exercisable (in dollars per share) $ 14.40  
Weighted average remaining contractual term, Outstanding 5 years 9 months 18 days  
Weighted average remaining contractual term, Exercisable 4 years  
Aggregate intrinsic value, Outstanding $ 0.0  
Aggregate intrinsic value, Exercisable $ 0.0  
v3.24.0.1
Share-based Compensation - RSUs and PSUs (Details) - RSUs - $ / shares
 12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Weighted average grant-date fair value per share      
Granted (in dollars per share) $ 7.96 $ 9.49 $ 13.96
Class A      
Number of shares      
Outstanding (in shares) 2,100,000    
Granted (in shares) 1,200,000    
Forfeited (in shares) (100,000)    
Released from restrictions (in shares) (1,100,000)    
Outstanding (in shares) 2,100,000 2,100,000  
Weighted average grant-date fair value per share      
Outstanding (in dollars per shares) $ 10.74    
Granted (in dollars per share) 7.96    
Forfeited (in dollars per share) 10.23    
Released from restrictions (in dollars per share) 10.73    
Outstanding (in dollars per shares) $ 9.22 $ 10.74  
Weighted average remaining contractual term, in years      
Outstanding 1 year 7 months 6 days    
Class C      
Number of shares      
Outstanding (in shares) 4,300,000    
Granted (in shares) 2,500,000    
Forfeited (in shares) (200,000)    
Released from restrictions (in shares) (2,300,000)    
Outstanding (in shares) 4,300,000 4,300,000  
Weighted average grant-date fair value per share      
Outstanding (in dollars per shares) $ 11.04    
Granted (in dollars per share) 7.96    
Forfeited (in dollars per share) 10.21    
Released from restrictions (in dollars per share) 10.65    
Outstanding (in dollars per shares) $ 9.20 $ 11.04  
Weighted average remaining contractual term, in years      
Outstanding 1 year 7 months 6 days    
v3.24.0.1
Income Taxes - Earnings (Loss) before Income Taxes (Details) - USD ($)
$ in Millions
 3 Months Ended 6 Months Ended 9 Months Ended 12 Months Ended
Jun. 30, 2023
Mar. 31, 2023
Dec. 31, 2022
Sep. 30, 2022
Jun. 30, 2022
Mar. 31, 2022
Jun. 30, 2023
Jun. 30, 2022
Sep. 30, 2022
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Income Taxes [Line Items]                        
Total $ 45.7 $ (56.2) $ 116.0 $ 120.7 $ (472.1) $ 112.4 $ (10.5) $ (359.7) $ (239.0) $ (62.4) $ (123.0) $ (318.0)
Goodwill                   0.0 555.3 605.1
C&W Caribbean                        
Income Taxes [Line Items]                        
Goodwill                     555.0  
Impairment charges                     13.0 41.0
C&W Panama                        
Income Taxes [Line Items]                        
Goodwill                   0.0 0.0 0.0
Impairment charges                       605.0
Domestic                        
Income Taxes [Line Items]                        
Total                   (90.9) (97.6) (85.7)
Foreign                        
Income Taxes [Line Items]                        
Total                   $ 28.5 $ (25.4) $ (232.3)
v3.24.0.1
Income Taxes - Income Tax Benefit (Expense) (Details) - USD ($)
$ in Millions
 12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Current      
Current, Domestic $ 0.0 $ 0.0 $ 0.0
Current, Foreign (111.8) (93.2) (85.5)
Current, Total (111.8) (93.2) (85.5)
Deferred      
Deferred, Domestic 0.0 0.0 0.0
Deferred, Foreign 87.4 8.4 (87.1)
Deferred, Total 87.4 8.4 (87.1)
Domestic, Total 0.0 0.0 0.0
Foreign, Total (24.4) (84.8) (172.6)
Total income tax expense $ (24.4) $ (84.8) $ (172.6)
v3.24.0.1
Income Taxes - Effective Income Tax Rate Reconciliation (Details) - USD ($)
$ in Millions
 12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Income Tax Disclosure [Abstract]      
Computed expected tax benefit $ 0.0 $ 0.0 $ 0.0
Permanent differences (49.3) 46.8 (13.6)
Basis and other differences in the treatment of items associated with investments in Liberty Latin America entities 1.5 (1.2) 1.4
(Increases) Decreases in valuation allowances (161.5) 188.8 (321.6)
Expiration of deferred tax assets with full valuation allowance (12.3) (12.7) (129.5)
International rate differences 88.2 49.9 82.2
Changes in uncertain tax positions (0.4) (24.5) (1.0)
Enacted tax law and rate changes 128.4 (162.2) 393.7
Effect of non-deductible goodwill impairments 0.0 (174.3) (201.2)
Effect of tax credits 18.3 15.9 38.7
Withholding and capital gains taxes (40.0) (13.3) (23.4)
Other, net 2.7 2.0 1.7
Total income tax expense $ (24.4) $ (84.8) $ (172.6)
v3.24.0.1
Income Taxes - Net Deferred Tax Liability (Details) - USD ($)
$ in Millions
Dec. 31, 2023
Dec. 31, 2022
Income Tax Disclosure [Abstract]    
Deferred tax assets $ 57.0 $ 31.0
Deferred tax liabilities (630.6) (688.7)
Net deferred tax liability $ (573.6) $ (657.7)
v3.24.0.1
Income Taxes - Deferred Tax Assets and Liabilities (Details) - USD ($)
$ in Millions
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Deferred tax assets:        
Net operating losses, tax credits and other carryforwards $ 2,408.3 $ 2,276.4    
Deferred revenue 12.5 13.7    
Unrealized gains and losses 12.3 16.0    
Accrued expenses 41.1 35.1    
Other future deductible amounts 2.6 1.0    
Deferred tax assets 2,476.8 2,342.2    
Valuation allowance (1,942.5) (1,780.4) $ (1,940.3) $ (1,630.9)
Deferred tax assets, net of valuation allowance 534.3 561.8    
Deferred tax liabilities:        
Investments (244.5) (255.4)    
Intangible assets (641.7) (663.5)    
Property and equipment, net (221.1) (298.5)    
Un-remitted foreign earnings (0.6) (2.1)    
Deferred tax liabilities (1,107.9) (1,219.5)    
Net deferred tax liability $ (573.6) $ (657.7)    
v3.24.0.1
Income Taxes - Changes in Valuation Allowance (Details) - USD ($)
$ in Millions
 12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Valuation Allowance [Roll Forward]      
Balance at beginning of period $ 1,780.4 $ 1,940.3 $ 1,630.9
Balance at end of period 1,942.5 1,780.4 1,940.3
Net tax expense (benefit) related to operations      
Valuation Allowance [Roll Forward]      
Changes in valuation allowances 161.5 (188.8) 321.6
Translation adjustments      
Valuation Allowance [Roll Forward]      
Changes in valuation allowances (1.1) (6.2) (9.1)
Business acquisitions and other      
Valuation Allowance [Roll Forward]      
Changes in valuation allowances $ 1.7 $ 35.1 $ (3.1)
v3.24.0.1
Income Taxes - Tax Loss Carryforwards and Related Tax Assets (Details)
$ in Millions
Dec. 31, 2023
USD ($)
Operating Loss Carryforwards [Line Items]  
Tax loss carryforward $ 8,106.8
Related tax asset 1,886.1
U.K.:  
Operating Loss Carryforwards [Line Items]  
Tax loss carryforward 1,337.5
Related tax asset 334.4
U.K.: | Capital Loss Carryforward  
Operating Loss Carryforwards [Line Items]  
Tax loss carryforward 4,704.3
Related tax asset 1,176.1
Barbados  
Operating Loss Carryforwards [Line Items]  
Tax loss carryforward 685.0
Related tax asset 17.5
Jamaica  
Operating Loss Carryforwards [Line Items]  
Tax loss carryforward 411.9
Related tax asset 137.2
Bermuda  
Operating Loss Carryforwards [Line Items]  
Tax loss carryforward 341.6
Related tax asset 51.2
Puerto Rico  
Operating Loss Carryforwards [Line Items]  
Tax loss carryforward 268.0
Related tax asset 81.9
Curacao  
Operating Loss Carryforwards [Line Items]  
Tax loss carryforward 155.8
Related tax asset 37.0
U.S.  
Operating Loss Carryforwards [Line Items]  
Tax loss carryforward 68.3
Related tax asset 16.0
Panama  
Operating Loss Carryforwards [Line Items]  
Tax loss carryforward 36.4
Related tax asset 9.1
U.S. Virgin Islands  
Operating Loss Carryforwards [Line Items]  
Tax loss carryforward 56.3
Related tax asset 13.0
Colombia  
Operating Loss Carryforwards [Line Items]  
Tax loss carryforward 15.5
Related tax asset 5.4
Other  
Operating Loss Carryforwards [Line Items]  
Tax loss carryforward 26.2
Related tax asset $ 7.3
v3.24.0.1
Income Taxes - Narrative (Details) - USD ($)
$ in Millions
 12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Income Taxes [Line Items]      
Valuation allowance of net operating loss carryforwards $ 1,765.0    
Income tax penalties and interest expense (benefit) 12.4 $ 0.2 $ 1.0
Accrued interest and penalties on tax related items 25.0 13.0  
U.S.      
Income Taxes [Line Items]      
Tax credit carryforwards 7.0 13.0  
U.S. | Research Tax Credit Carryforward      
Income Taxes [Line Items]      
Tax credit carryforwards 13.0    
Puerto Rico      
Income Taxes [Line Items]      
Tax credit carryforwards $ 49.0 $ 47.0  
v3.24.0.1
Income Taxes - Unrecognized Tax Benefits (Details) - USD ($)
$ in Millions
 12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Reconciliation of Unrecognized Tax Benefits, Excluding Amounts Pertaining to Examined Tax Returns [Roll Forward]      
Balance at January 1 $ 37.6 $ 12.0 $ 32.0
Additions for tax positions of prior years 0.7 12.7 1.0
Additions based on tax positions related to the current year 6.0 14.5 0.0
Lapse of statute of limitations (1.4) (1.7) (3.4)
Foreign currency translation 0.0 0.1  
Foreign currency translation     (2.4)
Decrease for settlement with tax authorities 0.0 0.0 (3.9)
Reductions for tax positions of prior years (17.4) 0.0 0.0
Reclassification to liabilities associated with assets held for sale 0.0 0.0 (11.3)
Balance at December 31 $ 25.5 $ 37.6 $ 12.0
v3.24.0.1
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, 2023
Dec. 31, 2022
Dec. 31, 2021
Numerator:      
Net loss attributable to Liberty Latin America shareholders - basic $ (73.6) $ (170.7) $ (440.6)
Net earnings (loss) attributable to Liberty Latin America shareholders - diluted $ (73.6) $ (170.7) $ (440.6)
Denominator:      
Weighted average shares - basic (in shares) 210.0 222.6 232.6
Weighted average shares outstanding - dilutive (in shares) 210.0 222.6 232.6
Basic net loss per share attributable to Liberty Latin America shareholders (in dollars per share) $ (0.35) $ (0.77) $ (1.89)
Diluted net loss per share attributable to Liberty Latin America shareholders (in dollars per share) $ (0.35) $ (0.77) $ (1.89)
v3.24.0.1
Earnings or Loss per Share (Details) - shares
shares in Millions
 12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Outstanding options, SARs and RSUs      
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]      
Securities excluded (in shares) 37.7 35.4 24.7
Outstanding PSUs and PSARs      
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]      
Securities excluded (in shares) 8.7 8.7 10.1
LTVP      
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]      
Securities excluded (in shares) 3.4 0.0 0.0
ESPP      
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]      
Securities excluded (in shares) 0.2 0.0 0.0
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) 10.7 19.5 19.5
v3.24.0.1
Accumulated Other Comprehensive Loss - Changes in Components of Accumulated Other Comprehensive Earnings (Loss) (Details) - USD ($)
$ in Millions
 12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]      
Beginning balance $ 2,556.7 $ 2,893.9 $ 3,321.4
Other comprehensive (loss) earnings (47.7) (60.0) 35.0
Ending balance 2,309.7 2,556.7 2,893.9
Foreign currency translation adjustments      
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]      
Beginning balance (83.7) (137.5) (143.2)
Other comprehensive (loss) earnings 24.9 53.8 5.7
Ending balance (58.8) (83.7) (137.5)
Pension- related adjustments and other      
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]      
Beginning balance (65.5) 47.8 17.6
Other comprehensive (loss) earnings (73.7) (113.3) 30.2
Ending balance (139.2) (65.5) 47.8
Accumulated other comprehensive loss      
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]      
Beginning balance (149.2) (89.7) (125.6)
Other comprehensive (loss) earnings (48.8) (59.5) 35.9
Ending balance (198.0) (149.2) (89.7)
Non-controlling interests      
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]      
Beginning balance (11.0) (10.5) (9.6)
Other comprehensive (loss) earnings 1.1 (0.5) (0.9)
Ending balance (9.9) (11.0) (10.5)
Total accumulated other comprehensive loss      
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]      
Beginning balance (160.2) (100.2) (135.2)
Ending balance $ (207.9) $ (160.2) $ (100.2)
v3.24.0.1
Accumulated Other Comprehensive Loss - Components of Other Comprehensive Earnings (Loss) (Details) - USD ($)
$ in Millions
 12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Accumulated Other Comprehensive Income (Loss) [Line Items]      
Other comprehensive earning (loss), pre-tax amount $ (47.7) $ (60.9) $ 39.2
Other comprehensive earnings (loss), tax benefit (expense) 0.0 0.9 (4.2)
Other comprehensive earnings (loss) (47.7) (60.0) 35.0
Other comprehensive loss attributable to noncontrolling interests, pre tax (1.1) 0.5 0.9
Other comprehensive loss attributable to noncontrolling interests, tax 0.0 0.0 0.0
Other comprehensive loss attributable to noncontrolling interests, net (1.1) 0.5 0.9
Other comprehensive earnings (loss) attributable to Liberty Latin America shareholders, pre-tax (48.8) (60.4) 40.1
Other comprehensive earnings (loss) attributable to Liberty Latin America shareholders, tax 0.0 0.9 (4.2)
Other comprehensive earnings (loss) attributable to Liberty Latin America shareholders, net (48.8) (59.5) 35.9
Foreign currency translation adjustments      
Accumulated Other Comprehensive Income (Loss) [Line Items]      
Other comprehensive earning (loss), pre-tax amount 25.9 53.1 4.8
Other comprehensive earnings (loss), tax benefit (expense) 0.0 0.0 0.0
Other comprehensive earnings (loss) 25.9 53.1 4.8
Pension-related adjustments and other      
Accumulated Other Comprehensive Income (Loss) [Line Items]      
Other comprehensive earning (loss), pre-tax amount (73.6) (114.0) 34.4
Other comprehensive earnings (loss), tax benefit (expense) 0.0 0.9 (4.2)
Other comprehensive earnings (loss) $ (73.6) $ (113.1) $ 30.2
v3.24.0.1
Segment Reporting - Narrative (Details)
 12 Months Ended
Dec. 31, 2023
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%
v3.24.0.1
Segment Reporting - Performance Measures (Details) - USD ($)
$ in Millions
 3 Months Ended 6 Months Ended 9 Months Ended 12 Months Ended
Jun. 30, 2023
Mar. 31, 2023
Dec. 31, 2022
Sep. 30, 2022
Jun. 30, 2022
Mar. 31, 2022
Jun. 30, 2023
Jun. 30, 2022
Sep. 30, 2022
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Segment Reporting Information [Line Items]                        
Revenue $ 1,120.2 $ 1,101.5 $ 1,159.2 $ 1,220.8 $ 1,213.0 $ 1,215.6 $ 2,221.7 $ 2,428.6 $ 3,649.4 $ 4,511.1 $ 4,808.6 $ 4,811.3
Adjusted OIBDA                   1,701.6 1,709.9 1,811.6
Operating Segments | C&W Caribbean                        
Segment Reporting Information [Line Items]                        
Revenue                   1,437.0 1,436.8 1,389.9
Adjusted OIBDA                   596.9 535.2 482.9
Operating Segments | C&W Panama                        
Segment Reporting Information [Line Items]                        
Revenue                   742.6 642.7 568.1
Adjusted OIBDA                   227.7 188.8 200.1
Operating Segments | Liberty Networks                        
Segment Reporting Information [Line Items]                        
Revenue                   453.3 450.8 431.9
Adjusted OIBDA                   261.5 276.3 264.3
Operating Segments | Liberty Puerto Rico                        
Segment Reporting Information [Line Items]                        
Revenue                   1,417.7 1,463.6 1,446.2
Adjusted OIBDA                   485.5 530.8 577.4
Operating Segments | Liberty Costa Rica                        
Segment Reporting Information [Line Items]                        
Revenue                   547.9 441.3 258.5
Adjusted OIBDA                   203.1 134.7 80.2
Operating Segments | VTR                        
Segment Reporting Information [Line Items]                        
Revenue                   0.0 450.6 787.5
Adjusted OIBDA                   0.0 115.6 259.6
Corporate                        
Segment Reporting Information [Line Items]                        
Revenue                   23.5 22.2 21.6
Adjusted OIBDA                   (73.1) (71.5) (52.9)
Intersegment eliminations                        
Segment Reporting Information [Line Items]                        
Revenue                   $ (110.9) $ (99.4) $ (92.4)
v3.24.0.1
Segment Reporting - Reconciliation of Operating Cash Flow to Earnings from Continuing Operations (Details) - USD ($)
$ in Millions
 3 Months Ended 6 Months Ended 9 Months Ended 12 Months Ended
Jun. 30, 2023
Mar. 31, 2023
Dec. 31, 2022
Sep. 30, 2022
Jun. 30, 2022
Mar. 31, 2022
Jun. 30, 2023
Jun. 30, 2022
Sep. 30, 2022
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Segment Reporting, Measurement Disclosures [Abstract]                        
Total Adjusted OIBDA                   $ 1,701.6 $ 1,709.9 $ 1,811.6
Share-based compensation expense                   (88.7) (93.5) (118.1)
Depreciation and amortization                   (1,008.3) (910.7) (964.7)
Impairment, restructuring and other operating items, net                   (86.9) (619.2) (665.0)
Operating income $ 135.4 $ 106.6 $ 106.9 $ 151.7 $ (356.1) $ 184.0 $ 242.0 $ (172.1) $ (20.4) 517.7 86.5 63.8
Interest expense                   (601.7) (556.7) (527.4)
Realized and unrealized gains (losses) on derivative instruments, net                   (34.2) 359.4 564.1
Foreign currency transaction gains (losses), net                   70.3 (194.3) (319.6)
Gains (losses) on debt extinguishments, net                   (3.9) 41.1 (57.2)
Gain on disposal of the Chile JV Entities                   0.0 169.4 0.0
Other expense, net                   (10.6) (28.4) (41.7)
Loss before income taxes $ 45.7 $ (56.2) $ 116.0 $ 120.7 $ (472.1) $ 112.4 $ (10.5) $ (359.7) $ (239.0) $ (62.4) $ (123.0) $ (318.0)
v3.24.0.1
Segment Reporting - Property and Equipment Additions of our Reportable Segments (Details) - USD ($)
$ in Millions
 12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Segment Reporting Information [Line Items]      
Total property and equipment additions $ 730.9 $ 816.3 $ 855.9
Assets acquired under capital-related vendor financing arrangements (143.8) (161.1) (100.5)
Changes in current liabilities related to capital expenditures and other (2.1) 4.9 (19.1)
Total capital expenditures, net 585.0 660.1 736.3
Operating Segments | C&W Caribbean      
Segment Reporting Information [Line Items]      
Total property and equipment additions 235.1 230.7 222.9
Operating Segments | C&W Panama      
Segment Reporting Information [Line Items]      
Total property and equipment additions 117.0 98.4 88.9
Operating Segments | Liberty Networks      
Segment Reporting Information [Line Items]      
Total property and equipment additions 47.6 40.2 45.3
Operating Segments | Liberty Puerto Rico      
Segment Reporting Information [Line Items]      
Total property and equipment additions 219.0 233.5 219.2
Operating Segments | Liberty Costa Rica      
Segment Reporting Information [Line Items]      
Total property and equipment additions 75.3 65.5 45.0
Operating Segments | VTR      
Segment Reporting Information [Line Items]      
Total property and equipment additions 0.0 107.3 199.1
Corporate      
Segment Reporting Information [Line Items]      
Total property and equipment additions $ 36.9 $ 40.7 $ 35.5
v3.24.0.1
Segment Reporting - Revenue by Major Category (Details) - USD ($)
$ in Millions
 3 Months Ended 6 Months Ended 9 Months Ended 12 Months Ended
Jun. 30, 2023
Mar. 31, 2023
Dec. 31, 2022
Sep. 30, 2022
Jun. 30, 2022
Mar. 31, 2022
Jun. 30, 2023
Jun. 30, 2022
Sep. 30, 2022
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Principal Transaction Revenue [Line Items]                        
Revenue $ 1,120.2 $ 1,101.5 $ 1,159.2 $ 1,220.8 $ 1,213.0 $ 1,215.6 $ 2,221.7 $ 2,428.6 $ 3,649.4 $ 4,511.1 $ 4,808.6 $ 4,811.3
Total residential revenue                        
Principal Transaction Revenue [Line Items]                        
Revenue                   3,014.2 3,315.4 3,395.7
Total residential fixed revenue                        
Principal Transaction Revenue [Line Items]                        
Revenue                   1,299.2 1,644.2 1,903.2
Subscription revenue                        
Principal Transaction Revenue [Line Items]                        
Revenue                   1,227.0 1,568.2 1,818.8
Non-subscription revenue                        
Principal Transaction Revenue [Line Items]                        
Revenue                   72.2 76.0 84.4
Total residential mobile revenue                        
Principal Transaction Revenue [Line Items]                        
Revenue                   1,715.0 1,671.2 1,492.5
Service revenue                        
Principal Transaction Revenue [Line Items]                        
Revenue                   1,231.7 1,195.5 1,074.6
Interconnect, inbound roaming ,equipment sales and other                        
Principal Transaction Revenue [Line Items]                        
Revenue                   483.3 475.7 417.9
B2B revenue                        
Principal Transaction Revenue [Line Items]                        
Revenue                   1,456.4 1,439.5 1,378.1
Other revenue                        
Principal Transaction Revenue [Line Items]                        
Revenue                   40.5 53.7 37.5
Mobile Handsetand Other Devices                        
Principal Transaction Revenue [Line Items]                        
Revenue                   259.0 257.0 219.0
B2B Mobile Handset and Other Devices                        
Principal Transaction Revenue [Line Items]                        
Revenue                   26.0 26.0 33.0
Operating Segments | C&W Caribbean                        
Principal Transaction Revenue [Line Items]                        
Revenue                   1,437.0 1,436.8 1,389.9
Operating Segments | C&W Caribbean | Total residential revenue                        
Principal Transaction Revenue [Line Items]                        
Revenue                   925.6 899.3 872.1
Operating Segments | C&W Caribbean | Total residential fixed revenue                        
Principal Transaction Revenue [Line Items]                        
Revenue                   516.5 516.9 508.0
Operating Segments | C&W Caribbean | Subscription revenue                        
Principal Transaction Revenue [Line Items]                        
Revenue                   487.5 484.3 473.4
Operating Segments | C&W Caribbean | Non-subscription revenue                        
Principal Transaction Revenue [Line Items]                        
Revenue                   29.0 32.6 34.6
Operating Segments | C&W Caribbean | Total residential mobile revenue                        
Principal Transaction Revenue [Line Items]                        
Revenue                   409.1 382.4 364.1
Operating Segments | C&W Caribbean | Service revenue                        
Principal Transaction Revenue [Line Items]                        
Revenue                   330.3 314.5 300.2
Operating Segments | C&W Caribbean | Interconnect, inbound roaming ,equipment sales and other                        
Principal Transaction Revenue [Line Items]                        
Revenue                   78.8 67.9 63.9
Operating Segments | C&W Caribbean | B2B revenue                        
Principal Transaction Revenue [Line Items]                        
Revenue                   511.4 537.5 517.8
Operating Segments | C&W 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                   742.6 642.7 568.1
Operating Segments | C&W Panama | Total residential revenue                        
Principal Transaction Revenue [Line Items]                        
Revenue                   434.6 378.2 318.3
Operating Segments | C&W Panama | Total residential fixed revenue                        
Principal Transaction Revenue [Line Items]                        
Revenue                   122.0 110.1 97.4
Operating Segments | C&W Panama | Subscription revenue                        
Principal Transaction Revenue [Line Items]                        
Revenue                   116.5 102.8 87.9
Operating Segments | C&W Panama | Non-subscription revenue                        
Principal Transaction Revenue [Line Items]                        
Revenue                   5.5 7.3 9.5
Operating Segments | C&W Panama | Total residential mobile revenue                        
Principal Transaction Revenue [Line Items]                        
Revenue                   312.6 268.1 220.9
Operating Segments | C&W Panama | Service revenue                        
Principal Transaction Revenue [Line Items]                        
Revenue                   260.6 218.6 176.4
Operating Segments | C&W Panama | Interconnect, inbound roaming ,equipment sales and other                        
Principal Transaction Revenue [Line Items]                        
Revenue                   52.0 49.5 44.5
Operating Segments | C&W Panama | B2B revenue                        
Principal Transaction Revenue [Line Items]                        
Revenue                   308.0 264.5 249.8
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                   453.3 450.8 431.9
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                   453.3 450.8 431.9
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                   1,417.7 1,463.6 1,446.2
Operating Segments | Liberty Puerto Rico | Total residential revenue                        
Principal Transaction Revenue [Line Items]                        
Revenue                   1,152.9 1,189.3 1,188.3
Operating Segments | Liberty Puerto Rico | Total residential fixed revenue                        
Principal Transaction Revenue [Line Items]                        
Revenue                   504.2 479.4 457.5
Operating Segments | Liberty Puerto Rico | Subscription revenue                        
Principal Transaction Revenue [Line Items]                        
Revenue                   478.7 457.3 438.2
Operating Segments | Liberty Puerto Rico | Non-subscription revenue                        
Principal Transaction Revenue [Line Items]                        
Revenue                   25.5 22.1 19.3
Operating Segments | Liberty Puerto Rico | Total residential mobile revenue                        
Principal Transaction Revenue [Line Items]                        
Revenue                   648.7 709.9 730.8
Operating Segments | Liberty Puerto Rico | Service revenue                        
Principal Transaction Revenue [Line Items]                        
Revenue                   398.7 441.5 477.3
Operating Segments | Liberty Puerto Rico | Interconnect, inbound roaming ,equipment sales and other                        
Principal Transaction Revenue [Line Items]                        
Revenue                   250.0 268.4 253.5
Operating Segments | Liberty Puerto Rico | B2B revenue                        
Principal Transaction Revenue [Line Items]                        
Revenue                   224.3 220.6 220.4
Operating Segments | Liberty Puerto Rico | Other revenue                        
Principal Transaction Revenue [Line Items]                        
Revenue                   40.5 53.7 37.5
Operating Segments | Liberty Costa Rica                        
Principal Transaction Revenue [Line Items]                        
Revenue                   547.9 441.3 258.5
Operating Segments | Liberty Costa Rica | Total residential revenue                        
Principal Transaction Revenue [Line Items]                        
Revenue                   480.9 396.5 240.1
Operating Segments | Liberty Costa Rica | Total residential fixed revenue                        
Principal Transaction Revenue [Line Items]                        
Revenue                   158.6 136.6 140.3
Operating Segments | Liberty Costa Rica | Subscription revenue                        
Principal Transaction Revenue [Line Items]                        
Revenue                   144.3 131.5 134.2
Operating Segments | Liberty Costa Rica | Non-subscription revenue                        
Principal Transaction Revenue [Line Items]                        
Revenue                   14.3 5.1 6.1
Operating Segments | Liberty Costa Rica | Total residential mobile revenue                        
Principal Transaction Revenue [Line Items]                        
Revenue                   322.3 259.9 99.8
Operating Segments | Liberty Costa Rica | Service revenue                        
Principal Transaction Revenue [Line Items]                        
Revenue                   242.1 195.1 72.7
Operating Segments | Liberty Costa Rica | Interconnect, inbound roaming ,equipment sales and other                        
Principal Transaction Revenue [Line Items]                        
Revenue                   80.2 64.8 27.1
Operating Segments | Liberty Costa Rica | B2B revenue                        
Principal Transaction Revenue [Line Items]                        
Revenue                   67.0 44.8 18.4
Operating Segments | Liberty Costa Rica | Other revenue                        
Principal Transaction Revenue [Line Items]                        
Revenue                   0.0 0.0 0.0
Operating Segments | VTR                        
Principal Transaction Revenue [Line Items]                        
Revenue                   0.0 450.6 787.5
Operating Segments | VTR | Total residential revenue                        
Principal Transaction Revenue [Line Items]                        
Revenue                     429.9 755.3
Operating Segments | VTR | Total residential fixed revenue                        
Principal Transaction Revenue [Line Items]                        
Revenue                     401.2 700.0
Operating Segments | VTR | Subscription revenue                        
Principal Transaction Revenue [Line Items]                        
Revenue                     392.3 685.1
Operating Segments | VTR | Non-subscription revenue                        
Principal Transaction Revenue [Line Items]                        
Revenue                     8.9 14.9
Operating Segments | VTR | Total residential mobile revenue                        
Principal Transaction Revenue [Line Items]                        
Revenue                     28.7 55.3
Operating Segments | VTR | Service revenue                        
Principal Transaction Revenue [Line Items]                        
Revenue                     25.8 48.0
Operating Segments | VTR | Interconnect, inbound roaming ,equipment sales and other                        
Principal Transaction Revenue [Line Items]                        
Revenue                     2.9 7.3
Operating Segments | VTR | B2B revenue                        
Principal Transaction Revenue [Line Items]                        
Revenue                     20.7 32.2
Operating Segments | VTR | Other revenue                        
Principal Transaction Revenue [Line Items]                        
Revenue                     0.0 0.0
Corporate                        
Principal Transaction Revenue [Line Items]                        
Revenue                   23.5 22.2 21.6
Corporate | Total residential revenue                        
Principal Transaction Revenue [Line Items]                        
Revenue                   22.3 22.2 21.6
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                   22.3 22.2 21.6
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                   22.3 22.2 21.6
Corporate | B2B revenue                        
Principal Transaction Revenue [Line Items]                        
Revenue                   1.2 0.0 0.0
Corporate | Other revenue                        
Principal Transaction Revenue [Line Items]                        
Revenue                   0.0 0.0 0.0
Intersegment Eliminations                        
Principal Transaction Revenue [Line Items]                        
Revenue                   (110.9) (99.4) (92.4)
Intersegment Eliminations | Total residential revenue                        
Principal Transaction Revenue [Line Items]                        
Revenue                   (2.1) 0.0 0.0
Intersegment Eliminations | Total residential fixed revenue                        
Principal Transaction Revenue [Line Items]                        
Revenue                   (2.1) 0.0 0.0
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                   (2.1) 0.0 0.0
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                   (108.8) (99.4) (92.4)
Intersegment Eliminations | Other revenue                        
Principal Transaction Revenue [Line Items]                        
Revenue                   $ 0.0 $ 0.0 $ 0.0
v3.24.0.1
Segment Reporting - Geographic Segments (Details) - USD ($)
$ in Millions
 3 Months Ended 6 Months Ended 9 Months Ended 12 Months Ended
Jun. 30, 2023
Mar. 31, 2023
Dec. 31, 2022
Sep. 30, 2022
Jun. 30, 2022
Mar. 31, 2022
Jun. 30, 2023
Jun. 30, 2022
Sep. 30, 2022
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Segment Reporting Information [Line Items]                        
Revenue $ 1,120.2 $ 1,101.5 $ 1,159.2 $ 1,220.8 $ 1,213.0 $ 1,215.6 $ 2,221.7 $ 2,428.6 $ 3,649.4 $ 4,511.1 $ 4,808.6 $ 4,811.3
Long-lived assets     4,293.6             4,205.7 4,293.6  
Puerto Rico                        
Segment Reporting Information [Line Items]                        
Revenue                   1,354.5 1,413.0 1,392.0
Long-lived assets     1,166.7             1,114.3 1,166.7  
Panama                        
Segment Reporting Information [Line Items]                        
Revenue                   739.7 639.7 565.9
Long-lived assets     481.3             454.8 481.3  
Costa Rica                        
Segment Reporting Information [Line Items]                        
Revenue                   547.1 440.8 258.2
Long-lived assets     250.7             290.7 250.7  
Jamaica                        
Segment Reporting Information [Line Items]                        
Revenue                   405.7 428.8 402.0
Long-lived assets     372.4             368.6 372.4  
Networks & LatAm                        
Segment Reporting Information [Line Items]                        
Revenue                   364.6 369.4 355.8
Long-lived assets     634.3             619.4 634.3  
The Bahamas                        
Segment Reporting Information [Line Items]                        
Revenue                   193.4 194.7 189.9
Long-lived assets     312.0             289.4 312.0  
Trinidad and Tobago                        
Segment Reporting Information [Line Items]                        
Revenue                   156.5 159.3 158.2
Long-lived assets     221.0             217.5 221.0  
Barbados                        
Segment Reporting Information [Line Items]                        
Revenue                   157.6 148.0 141.6
Long-lived assets     164.6             150.1 164.6  
Curacao                        
Segment Reporting Information [Line Items]                        
Revenue                   135.6 134.0 137.9
Long-lived assets     141.8             127.8 141.8  
Chile                        
Segment Reporting Information [Line Items]                        
Revenue                   0.0 450.6 787.5
Other                        
Segment Reporting Information [Line Items]                        
Revenue                   456.4 430.3 $ 422.3
Long-lived assets     $ 548.8             $ 573.1 $ 548.8  
v3.24.0.1
Parent Company Financial Information - Condensed Balance Sheets (Details) - USD ($)
$ in Millions
Dec. 31, 2023
Dec. 31, 2022
Current assets:    
Cash and cash equivalents $ 988.6 $ 781.0
Prepaid expenses 68.8 65.1
Other current assets, net 359.5 338.9
Total current assets 2,412.2 2,078.9
Total assets 13,594.6 13,575.2
Current liabilities:    
Current portion of debt and finance lease obligations 581.9 226.9
Accrued liabilities and other 613.5 550.8
Total current liabilities 2,132.6 1,773.8
Long-term debt and finance lease obligations 7,598.0 7,653.8
Total liabilities 11,284.9 11,018.5
Equity:    
Treasury shares, at cost; 39.6 million and 25.3 million shares, respectively (361.2) (243.4)
Additional paid-in capital 5,262.0 5,177.1
Accumulated deficit (2,941.7) (2,868.1)
Accumulated other comprehensive loss, net of taxes (198.0) (149.2)
Total Liberty Latin America shareholders 1,763.5 1,918.8
Total liabilities and equity 13,594.6 13,575.2
Class A    
Equity:    
Common stock 0.5 0.5
Class B    
Equity:    
Common stock 0.0 0.0
Class C    
Equity:    
Common stock 1.9 1.9
Liberty Latin America Ltd.    
Current assets:    
Cash and cash equivalents 27.9 23.5
Other receivables – related-party 199.4 169.5
Prepaid expenses 1.0 1.3
Other current assets, net 0.2 0.2
Total current assets 228.5 194.5
Investments in consolidated subsidiaries 1,850.9 2,193.4
Total assets 2,079.4 2,387.9
Current liabilities:    
Related-party liabilities 99.7 87.6
Current portion of debt and finance lease obligations 214.7 0.0
Accrued liabilities and other 1.5 6.7
Total current liabilities 315.9 94.3
Long-term debt and finance lease obligations 0.0 374.8
Total liabilities 315.9 469.1
Equity:    
Total Liberty Latin America shareholders 1,763.5 1,918.8
Total liabilities and equity $ 2,079.4 $ 2,387.9
v3.24.0.1
Parent Company Financial Information - Condensed Balance Sheets (Narrative) (Details) - $ / shares
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Condensed Financial Statements, Captions [Line Items]        
Treasury stock (in shares) 39,600,000 25,300,000    
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) 500,000,000 500,000,000    
Common stock, shares issued (in shares) 52,600,000 51,800,000    
Common stock, shares outstanding (in shares) 40,800,000 42,700,000 45,500,000 49,000,000.0
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 50,000,000    
Common stock, shares issued (in shares) 2,200,000 2,100,000    
Common stock, shares outstanding (in shares) 2,200,000 2,100,000 1,900,000 1,900,000
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) 500,000,000 500,000,000    
Common stock, shares issued (in shares) 189,600,000 187,400,000    
Common stock, shares outstanding (in shares) 161,700,000 171,300,000 182,300,000 181,100,000
v3.24.0.1
Parent Company Financial Information - Condensed Statements of Operations (Details) - USD ($)
$ in Millions
 3 Months Ended 6 Months Ended 9 Months Ended 12 Months Ended
Jun. 30, 2023
Mar. 31, 2023
Dec. 31, 2022
Sep. 30, 2022
Jun. 30, 2022
Mar. 31, 2022
Jun. 30, 2023
Jun. 30, 2022
Sep. 30, 2022
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Operating costs and expenses:                        
Other operating costs and expenses                   $ 1,877.8 $ 1,981.7 $ 1,903.4
Operating income $ 135.4 $ 106.6 $ 106.9 $ 151.7 $ (356.1) $ 184.0 $ 242.0 $ (172.1) $ (20.4) 517.7 86.5 63.8
Non-operating income (expense):                        
Interest expense                   (601.7) (556.7) (527.4)
Gains on debt extinguishments, net .                   (3.9) 41.1 (57.2)
Other income (expense), net                   (10.6) (28.4) (41.7)
Non-operating income (expense)                   (580.1) (209.5) (381.8)
Net loss $ 35.1 $ (65.6)         $ (30.5) $ (385.0) $ (309.3) (86.8) (207.8) (490.6)
Liberty Latin America Ltd.                        
Operating costs and expenses:                        
Other operating costs and expenses                   19.0 12.4 11.2
Related-party charges and other operating items, net                   19.4 29.3 37.3
Operating income                   (38.4) (41.7) (48.5)
Non-operating income (expense):                        
Interest expense                   (20.2) (24.8) (23.8)
Gains on debt extinguishments, net .                   0.9 0.0 0.0
Other income (expense), net                   0.6 (9.6) 0.7
Non-operating income (expense)                   (18.7) (34.4) (23.1)
Loss before equity in losses of consolidated subsidiaries                   (57.1) (76.1) (71.6)
Equity in losses of consolidated subsidiaries, net                   (16.5) (94.6) (369.0)
Net loss                   $ (73.6) $ (170.7) $ (440.6)
v3.24.0.1
Parent Company Financial Information - Condensed Statements of Cash Flows (Details) - USD ($)
$ in Millions
 3 Months Ended 6 Months Ended 9 Months Ended 12 Months Ended
Jun. 30, 2023
Mar. 31, 2023
Jun. 30, 2023
Jun. 30, 2022
Sep. 30, 2022
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Cash flows from operating activities:                
Net loss $ 35.1 $ (65.6) $ (30.5) $ (385.0) $ (309.3) $ (86.8) $ (207.8) $ (490.6)
Adjustments to reconcile net loss to net cash provided by operating activities:                
Share-based compensation expense           88.7 93.5 118.1
Gains on debt extinguishments, net           3.9 (41.1) 57.2
Amortization of debt financing costs           30.2 36.6 33.5
Changes in operating assets and liabilities           51.9 (85.0) (48.5)
Net cash provided by operating activities           897.0 868.8 1,016.2
Cash flows from investing activities:                
Net cash used by investing activities           (615.8) (1,122.6) (1,268.6)
Cash flows from financing activities:                
Repurchase of Liberty Latin America common shares           (118.3) (170.4) (63.0)
Other financing activities, net           (2.3) (7.6) (8.8)
Net cash provided (used) by financing activities           (62.4) (29.2) 426.6
Net increase (decrease) in cash, cash equivalents and restricted cash           210.9 (285.3) 161.7
Cash, cash equivalents and restricted cash:                
Beginning of year   788.9 788.9 1,074.2 1,074.2 788.9 1,074.2 912.5
End of year           999.8 788.9 1,074.2
Liberty Latin America Ltd.                
Cash flows from operating activities:                
Net loss           (73.6) (170.7) (440.6)
Adjustments to reconcile net loss to net cash provided by operating activities:                
Equity in losses of consolidated subsidiaries, net           16.5 94.6 369.0
Share-based compensation expense           10.7 3.9 2.3
Gains on debt extinguishments, net           (0.9) 0.0 0.0
Amortization of debt financing costs           13.9 16.8 15.7
Changes in operating assets and liabilities           53.1 92.3 124.6
Net cash provided by operating activities           19.7 36.9 71.0
Cash flows from investing activities:                
Distribution and repayments from (investments in) consolidated subsidiaries, net           277.3 53.5 (128.7)
Net cash used by investing activities           277.3 53.5 (128.7)
Cash flows from financing activities:                
Borrowings of related-party debt           0.0 30.0 0.0
Repurchase of Liberty Latin America common shares           (118.3) (170.4) (63.0)
Payments of principal amounts of debt and finance lease obligations           (173.0) 0.0 0.0
Other financing activities, net           (1.3) 0.9 0.0
Net cash provided (used) by financing activities           (292.6) (139.5) (63.0)
Net increase (decrease) in cash, cash equivalents and restricted cash           4.4 (49.1) (120.7)
Cash, cash equivalents and restricted cash:                
Beginning of year   $ 23.5 $ 23.5 $ 72.6 $ 72.6 23.5 72.6 193.3
End of year           $ 27.9 $ 23.5 $ 72.6