v3.25.4
Long-lived Assets (Tables)
 12 Months Ended
Dec. 31, 2025
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of Impairment Charges
The following table sets forth the details of our impairment charges:
Liberty CaribbeanC&W PanamaLiberty NetworksLiberty Puerto RicoLiberty Costa RicaTotal
 in millions
Year ended December 31, 2025:
Spectrum (a)$— $— $— $494.0 $— $494.0 
Property and equipment and other (b)56.8 6.0 0.1 1.7 0.3 64.9 
Total impairment charges$56.8 $6.0 $0.1 $495.7 $0.3 $558.9 
Year ended December 31, 2024:
Goodwill (c)$— $— $— $515.7 $— $515.7 
Property and equipment and other8.1 7.8 4.5 2.0 0.3 22.7 
Total impairment charges$8.1 $7.8 $4.5 $517.7 $0.3 $538.4 
Year ended December 31, 2023:
Total impairment charges - property and equipment and other (d)$4.1 $51.9 $0.8 $9.4 $0.8 $67.0 
(a)During 2025, we recorded an impairment of $494 million on spectrum license intangible assets recorded at Liberty Puerto Rico. See further details of our intangible assets not subject to amortization below.
(b)During October 2025, our operations in Jamaica were significantly impacted by Hurricane Melissa resulting in extensive damage to homes, businesses and infrastructure. Based on estimates of the impacts on our Jamaica operations, we recorded impairment charges of $56 million to reduce the carrying values of our property and equipment. This impairment charge is based on our assessment of currently available information and, accordingly, it is possible that further impairment charges could be required if the adverse impacts of the hurricane or estimated costs of recovery are greater than expected. For additional information regarding the impacts of Hurricane Melissa and the fair value method and related assumptions used in our impairment assessments, see note 4.
(c)During 2024, we recorded a $516 million impairment of goodwill at our Liberty Puerto Rico reporting unit. This impairment was mainly driven by declines in revenue, primarily from mobile subscriber losses, increased bad debt and other adverse impacts largely associated with (i) the migration of customers acquired from AT&T to our mobile network and (ii) various network challenges that have impacted these mobile customers.
(d)During 2023, C&W Panama recognized impairment of certain operating lease right-of-use assets, predominantly related to decommissioned tower leases. As of December 31, 2023, these operating lease right-of-use assets were fully amortized.
Schedule of Goodwill
Changes in the carrying amount of our goodwill during 2025 are set forth below:
Liberty CaribbeanC&W PanamaLiberty NetworksLiberty Costa RicaTotal
 in millions
January 1, 2025$1,211.6 $617.1 $652.2 $500.1 $2,981.0 
Foreign currency translation adjustments and other(3.7)— 17.1 13.1 26.5 
December 31, 2025$1,207.9 $617.1 $669.3 $513.2 $3,007.5 
Changes in the carrying amount of our goodwill during 2024 are set forth below:
Liberty CaribbeanC&W PanamaLiberty NetworksLiberty Puerto RicoLiberty Costa RicaTotal
 in millions
January 1, 2024$1,218.1 $617.1 $655.9 $501.1 $491.2 $3,483.4 
Acquisition— — — 14.6 — 14.6 
Foreign currency translation adjustments and other(6.5)— (3.7)— 8.9 (1.3)
Impairment— — — (515.7)— (515.7)
December 31, 2024$1,211.6 $617.1 $652.2 $— $500.1 $2,981.0 
Schedule of Property and Equipment and the Related Accumulated Depreciation
The details of our property and equipment and the related accumulated depreciation are set forth below:
Estimated useful
life at
December 31, 2025		December 31,
20252024
 in millions
Distribution systems
3 to 25 years
$5,280.3 $5,181.1 
Support equipment and buildings
3 to 40 years
1,403.2 1,292.6 
CPE
3 to 5 years
965.4 948.6 
7,648.9 7,422.3 
Accumulated depreciation(4,105.2)(3,767.4)
Total depreciable assets3,543.7 3,654.9 
CIP and land
304.1 407.5 
Total property and equipment, net$3,847.8 $4,062.4 
Schedule of Intangible Assets Subject to Amortization
The details of our intangible assets not subject to amortization are set forth below:
December 31,
20252024
 in millions
Spectrum licenses (a)$777.5 $1,271.5 
Cable television franchise rights and other541.8 541.8 
Total intangible assets not subject to amortization$1,319.3 $1,813.3 
(a)The 2024 amount includes $215 million of spectrum licenses attributable to the LPR Acquisition. For additional information regarding the assets acquired as part of the LPR Acquisition, see note 5.
Intangible Assets Subject to Amortization, Net
The details of our intangible assets subject to amortization, which had estimated useful lives ranging from 4 to 25 years at December 31, 2025, are set forth below:
December 31,
20252024
 in millions
Customer relationships$616.4 $898.9 
Licenses and other299.9 259.3 
916.3 1,158.2 
Accumulated amortization(555.3)(743.9)
Total intangible assets subject to amortization, net$361.0 $414.3 
Schedule of Future Amortization Expense
Based on our amortizable intangible assets balance at December 31, 2025, we expect that amortization expense will be as follows for the next five years and thereafter (in millions):
2026$71.8 
202762.4 
202857.0 
202952.1 
203034.8 
Thereafter82.9 
Total$361.0