Liberty Latin America (LILA) 10-Q 5 May 21 2021 Q1 Quarterly report Financial data

Cover Page

Cover Page - shares	3 Months Ended
	Mar. 31, 2021	Apr. 30, 2021
Entity Information [Line Items]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Mar. 31, 2021
Document Transition Report	false
Entity File Number	001-38335
Entity Registrant Name	Liberty Latin America Ltd.
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
Entity Address, Country	BM
City Area Code	441
Local Phone Number	295-5950
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
Entity Shell Company	false
Entity Central Index Key	0001712184
Current Fiscal Year End Date	--12-31
Document Fiscal Year Focus	2021
Document Fiscal Period Focus	Q1
Amendment Flag	false
Common 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		49,685,138
Common Class B
Entity Information [Line Items]
Entity Common Stock, Shares Outstanding		1,932,381
Common 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		182,470,099

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets - USD ($) $ in Millions	Mar. 31, 2021	Dec. 31, 2020
Current assets:
Cash and cash equivalents	$ 1,305.6	$ 894.2
Trade receivables, net of allowances of $94.9 million and $100.0 million, respectively	563.4	560.7
Prepaid expenses	68.4	62.6
Other current assets, net	471.2	434.4
Total current assets	2,408.6	1,951.9
Goodwill	4,814.1	4,885.5
Property and equipment, net	4,891.3	4,911.4
Intangible assets subject to amortization, net	805	858.9
Intangible assets not subject to amortization	1,465.4	1,465.6
Other assets, net	1,164.7	1,156.7
Total assets	15,549.1	15,230
Current liabilities:
Accounts payable	364.9	351.7
Current portion of deferred revenue	168.7	184.9
Current portion of debt and finance lease obligations	162.8	161.9
Accrued capital expenditures	65.5	73.6
Accrued interest	109.6	132.3
Accrued payroll and employee benefits	68.6	97.8
Derivative instruments	77.7	90.2
Other accrued and current liabilities	648.5	612.6
Total current liabilities	1,666.3	1,705
Long-term debt and finance lease obligations	8,620.1	8,195.3
Deferred tax liabilities	627.8	619.9
Deferred revenue	172.6	185.3
Other long-term liabilities	926	1,080.8
Total liabilities	12,012.8	11,786.3
Commitments and contingencies
Liberty Latin America shareholders:
Undesignated preference shares, $0.01 par value; 50,000,000 shares authorized; nil shares issued and outstanding at each period	0	0
Treasury shares, at cost; 966,974 shares at each period	(9.5)	(9.5)
Additional paid-in capital	5,009.8	4,982
Accumulated deficit	(2,046.7)	(2,134.5)
Accumulated other comprehensive loss, net of taxes	(150)	(125.6)
Total Liberty Latin America shareholders	2,805.9	2,714.7
Noncontrolling interests	730.4	729
Total equity	3,536.3	3,443.7
Total liabilities and equity	15,549.1	15,230
Class A, $0.01 par value; 500,000,000 shares authorized; 49,868,589 and 49,574,773 shares issued and outstanding, respectively, at March 31, 2021; 49,303,401 and 49,009,585 shares issued and outstanding, respectively, at December, 31, 2020
Liberty Latin America shareholders:
Common stock	0.5	0.5
Class B, $0.01 par value; 50,000,000 shares authorized; 1,932,385 shares issued and outstanding at March 31, 2021; 1,932,386 shares issued and outstanding at December 31, 2020
Liberty Latin America shareholders:
Common stock	0	0
Class C, $0.01 par value; 500,000,000 shares authorized; 182,913,402 and 182,240,244 shares issued and outstanding, respectively, at March 31, 2021; 181,786,924 and 181,113,766 shares issued and outstanding, respectively, at December 31, 2020
Liberty Latin America shareholders:
Common stock	$ 1.8	$ 1.8

Condensed Consolidated Balanc_2

Condensed Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Millions	Mar. 31, 2021	Dec. 31, 2020
Trade receivables, net of allowance	$ 94.9	$ 100
Preferred shares, par value (in dollars per share)	$ 0.01	$ 0.01
Preferred shares, 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 shares (in shares)	966,974	966,974
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)	49,868,589	49,303,401
Common stock, shares outstanding (in shares)	49,574,773	49,009,585
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)	1,932,385	1,932,386
Common stock, shares outstanding (in shares)	1,932,385	1,932,386
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)	182,913,402	181,786,924
Common stock, shares outstanding (in shares)	182,240,244	181,113,766

Condensed Consolidated Statemen

Condensed Consolidated Statements of Operations - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020
Income Statement [Abstract]
Revenue	$ 1,159.9	$ 931
Operating costs and expenses (exclusive of depreciation and amortization, shown separately below):
Programming and other direct costs of services	280.2	210.8
Other operating costs and expenses	453.4	380.1
Depreciation and amortization	245.9	213.5
Impairment, restructuring and other operating items, net	2.2	18.8
Operating costs and expenses (exclusive of depreciation and amortization)	981.7	823.2
Operating income	178.2	107.8
Non-operating income (expense):
Interest expense	(126.4)	(143.3)
Realized and unrealized gains on derivative instruments, net	114.9	17.4
Foreign currency transaction losses, net	(25.4)	(164.3)
Losses on debt extinguishment	(23.3)	(3.4)
Other income (expense), net	(0.6)	6.8
Non-operating income (expense)	(60.8)	(286.8)
Earnings (loss) before income taxes	117.4	(179)
Income tax expense	(28)	(5.6)
Net earnings (loss)	89.4	(184.6)
Net loss (earnings) attributable to noncontrolling interests	(1.6)	3.9
Net earnings (loss) attributable to Liberty Latin America shareholders	$ 87.8	$ (180.7)
Basic net earnings (loss) per share attributable to Liberty Latin America shareholders (in dollars per share)	$ 0.38	$ (0.98)
Dilutive net earnings (loss) per share attributable to Liberty Latin America shareholders (in dollars per share)	$ 0.37	$ (0.98)

Condensed Consolidated Statem_2

Condensed Consolidated Statements of Comprehensive Earnings (Loss) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020
Statement of Comprehensive Income [Abstract]
Net earnings (loss)	$ 89.4	$ (184.6)
Other comprehensive earnings (loss), net of taxes:
Foreign currency translation adjustments	(26)	(4.7)
Reclassification adjustments included in net earnings (loss)	1.2	(2.8)
Pension-related adjustments and other, net	0.2	1.1
Other comprehensive loss	(24.6)	(6.4)
Comprehensive earnings (loss)	64.8	(191)
Comprehensive loss (earnings) attributable to noncontrolling interests	(1.4)	4.1
Comprehensive earnings (loss) attributable to Liberty Latin America shareholders	$ 63.4	$ (186.9)

Condensed Consolidated Statem_3

Condensed Consolidated Statements of Equity - USD ($) $ in Millions	Total	Cumulative Effect, Period of Adoption, Adjustment	Cumulative Effect, Period of Adoption, Adjusted Balance	Total Liberty Latin America shareholders	Total Liberty Latin America shareholdersCumulative Effect, Period of Adoption, Adjustment	Total Liberty Latin America shareholdersCumulative Effect, Period of Adoption, Adjusted Balance	Common sharesCommon Class A	Common sharesCommon Class ACumulative Effect, Period of Adoption, Adjusted Balance	Common sharesCommon Class B	Common sharesCommon Class BCumulative Effect, Period of Adoption, Adjusted Balance	Common sharesCommon Class C	Common sharesCommon Class CCumulative Effect, Period of Adoption, Adjusted Balance	Treasury Stock	Treasury StockCumulative Effect, Period of Adoption, Adjusted Balance	Additional paid-in capital	Additional paid-in capitalCumulative Effect, Period of Adoption, Adjusted Balance	Accumulated deficit	Accumulated deficitCumulative Effect, Period of Adoption, Adjustment	Accumulated deficitCumulative Effect, Period of Adoption, Adjusted Balance	Accumulated other comprehensive loss, net of taxes	Accumulated other comprehensive loss, net of taxesCumulative Effect, Period of Adoption, Adjusted Balance	Non-controlling interests	Non-controlling interestsCumulative Effect, Period of Adoption, Adjustment	Non-controlling interestsCumulative Effect, Period of Adoption, Adjusted Balance
Beginning Balance at Dec. 31, 2019	$ 3,979.9	$ 0	$ 3,979.9	$ 3,109.8	$ (0.2)	$ 3,109.6	$ 0.5	$ 0.5	$ 0	$ 0	$ 1.3	$ 1.3	$ 0	$ 0	$ 4,569.9	$ 4,569.9	$ (1,447.1)	$ (0.2)	$ (1,447.3)	$ (14.8)	$ (14.8)	$ 870.1	$ 0.2	$ 870.3
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net earnings (loss)	(184.6)			(180.7)													(180.7)					(3.9)
Other comprehensive loss	(6.4)			(6.2)																(6.2)		(0.2)
Repurchase of Liberty Latin America common shares	(1.7)			(1.7)									(1.7)
Shared-based compensation	21.4			21.4											21.4
Other	0.8			0.9											0.9							(0.1)
Ending Balance at Mar. 31, 2020	3,809.4			2,943.3			0.5		0		1.3		(1.7)		4,592.2		(1,628)			(21)		866.1
Beginning Balance at Dec. 31, 2020	3,443.7			2,714.7			0.5		0		1.8		(9.5)		4,982		(2,134.5)			(125.6)		729
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net earnings (loss)	89.4			87.8													87.8					1.6
Other comprehensive loss	(24.6)			(24.4)																(24.4)		(0.2)
Shared-based compensation	27.9			27.9											27.9
Other	(0.1)			(0.1)											(0.1)
Ending Balance at Mar. 31, 2021	$ 3,536.3			$ 2,805.9			$ 0.5		$ 0		$ 1.8		$ (9.5)		$ 5,009.8		$ (2,046.7)			$ (150)		$ 730.4

Condensed Consolidated Statem_4

Condensed Consolidated Statements of Cash Flows - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020
Cash flows from operating activities:
Net earnings (loss)	$ 89.4	$ (184.6)
Adjustments to reconcile net earnings (loss) to net cash provided by operating activities:
Share-based compensation expense	23	23.8
Depreciation and amortization	245.9	213.5
Impairment	2.3	1.7
Loss (gain) on dispositions	(8.6)	0.2
Amortization of debt financing costs, premiums and discounts, net	6.8	7.9
Realized and unrealized gains on derivative instruments, net	(114.9)	(17.4)
Foreign currency transaction losses, net	25.4	164.3
Loss on debt extinguishment	23.3	3.4
Deferred income tax expense (benefit)	7.2	(20.3)
Changes in operating assets and liabilities, net of the effect of acquisitions	(96.3)	(77.6)
Net cash provided by operating activities	203.5	114.9
Cash flows from investing activities:
Capital expenditures	(135.6)	(149.2)
Cash received upon dispositions	20.4	0.3
Other investing activities, net	(11.2)	1.8
Net cash used by investing activities	(126.4)	(147.1)
Cash flows from financing activities:
Borrowings of debt	696	539.6
Payments of principal amounts of debt and finance lease obligations	(288.3)	(48.8)
Net cash paid related to derivative instruments	43	4.3
Payment of financing costs and debt redemption premiums	(26.8)	(25.9)
Repurchase of Liberty Latin America common shares	0	(1.4)
Distributions to noncontrolling interest owners	0	(0.7)
Other financing activities, net	(4.9)	(3.1)
Net cash provided by financing activities	333	455.4
Effect of exchange rate changes on cash, cash equivalents and restricted cash	2.8	(8.5)
Net increase in cash, cash equivalents and restricted cash	412.9	414.7
Cash, cash equivalents and restricted cash:
Beginning of period	912.5	2,457
End of period	1,325.4	2,871.7
Cash paid for interest	138.1	145.3
Net cash paid for taxes	$ 14.7	$ 12.5

Basis of Presentation

Basis of Presentation	3 Months Ended
	Mar. 31, 2021
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 Quarterly Report on Form 10-Q for terms used throughout the condensed consolidated financial statements and related notes. General Liberty Latin America is a registered company in Bermuda that primarily includes: (i) C&W; (ii) Liberty Communications PR; (iii) VTR; and (iv) LBT CT Communications, S.A. (a less than wholly-owned entity) and its subsidiary, Cabletica. 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 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 Networks and C&W Panama, (ii) Chile, through our reportable segment VTR, (iii) Costa Rica, through our reportable segment Cabletica, and (iv) Puerto Rico, through our reportable segment Liberty Puerto Rico. As a result of organizational changes during the first quarter of 2021, VTR and Cabletica are now each a separate operating and reportable segment rather than one segment. For additional information regarding our segment change, see note 18. Through our Networks & LatAm business, C&W Caribbean and Networks also provides (i) B2B services in certain other countries in Latin America and the Caribbean and (ii) wholesale communication services over its subsea and terrestrial fiber optic cable networks that connect over 40 markets in that region. Unless otherwise indicated, ownership percentages and convenience translations into U.S. dollars are calculated as of March 31, 2021. The accompanying condensed consolidated financial statements have been prepared in accordance with U.S. GAAP and with the instructions to the Quarterly Report on Form 10-Q and Article 10 of Regulation S-X for interim financial information. Accordingly, these financial statements do not include all of the information required by U.S. GAAP or Securities and Exchange Commission rules and regulations for complete financial statements. In the opinion of management, these financial statements reflect all adjustments (consisting of normal recurring adjustments) necessary for a fair presentation of the results of operations for the interim periods presented. The results of operations for any interim period are not necessarily indicative of results for the full year. These condensed consolidated financial statements should be read in conjunction with our consolidated financial statements and notes thereto included in our 2020 Form 10-K. 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. Certain prior period amounts have been reclassified to conform to the current period presentation. During the second quarter of 2020, we changed the presentation of certain operating costs and expenses in our condensed consolidated statements of operations in order to better align with management’s approach to monitoring and evaluating such costs. Specifically, we have combined the costs previously reported in the consolidated statement of operations’ captions “other operating” and “selling, general and administrative” into one line, which is now referred to as “other operating costs and expenses.” In conjunction with this change, we have provided additional disclosure of the nature of other operating costs and expenses by function, as set forth in note 12. This change in presentation did not have any impact on operating income, net loss or any of our key performance metrics. In addition, we have provided additional disclosure of the nature of our programming and other direct costs of services, as set forth in note 11.

Accounting Changes and Recent A

Accounting Changes and Recent Accounting Pronouncements	3 Months Ended
	Mar. 31, 2021
Accounting Changes and Error Corrections [Abstract]
Accounting Changes and Recent Accounting Pronouncements	Accounting Changes and Recent Accounting Pronouncements Accounting Changes ASU 2018-14 In August 2018, the FASB issued ASU No. 2018-14, Disclosure Framework-Changes to the Disclosure Requirements for Defined Benefit Plans ( ASU 2018-14 ), which removes and modifies certain existing disclosure requirements and adds new disclosure requirements related to employer sponsored defined benefit pension or other postretirement plans. We adopted ASU 2018-14 effective January 1, 2021 and it did not have a material impact on the disclosures in our condensed consolidated financial statements. Recent Accounting Pronouncements ASU 2020-04 and ASU 2021-01 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 the LIBOR, which regulators in the U.K. have announced will be phased out by the end of 2021. 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 ASC 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 will not be available after December 31, 2022, other than for certain hedging relationships entered into before December 31, 2022. We do not currently expect that the phase out of LIBOR will have a material impact on our consolidated financial statements. ASU 2020-06 In August 2020, the FASB issued ASU No. 2020-06, Debt—Debt with Conversion and Other Options and Derivatives and Hedging—Contracts in Entity’s Own Equity: Accounting for Convertible Instruments and Contracts in an Entity’s Own Equity ( ASU 2020-06 ), which (i) reduces the number of accounting models for convertible instruments and allows more contracts to qualify for equity classification and (ii) makes targeted improvements to convertible instruments and earnings-per-share disclosure requirements. ASU 2020-06 is effective for annual reporting periods after December 15, 2021, including interim periods within those fiscal years, with early adoption permitted, but no earlier than annual and interim periods in fiscal years beginning after December 15, 2020. While we are still evaluating the impact of ASU 2020-06, we do not currently expect it will have a material impact on our consolidated financial statements.

Current Expected Credit Losses

Current Expected Credit Losses	3 Months Ended
	Mar. 31, 2021
Accounting Policies [Abstract]
Current Expected Credit Losses	Current Expected Credit Losses The changes in our trade receivables allowance for credit losses are set forth below: Three months ended March 31, 2021 2020 in millions Balance at beginning of period $ 100.0 $ 87.3 Provision for expected losses 12.3 15.7 Write-offs (13.5) (10.3) Foreign currency translation adjustments and other (3.9) 6.5 Balance at end of period $ 94.9 $ 99.2

Acquisitions

Acquisitions	3 Months Ended
	Mar. 31, 2021
Business Combinations [Abstract]
Acquisitions	Acquisitions Pending Acquisition Telefónica-Costa Rica Acquisition. On July 30, 2020, we entered into a definitive agreement to acquire Telefónica S.A.’s wireless operations in Costa Rica in an all-cash transaction based upon an enterprise value of $500 million on a cash- and debt-free basis. The transaction is subject to certain customary closing conditions, including regulatory approvals, and is expected to close during the middle of 2021. 2020 Acquisition AT&T Acquisition. On October 31, 2020, we acquired from AT&T all of the outstanding shares of the AT&T Acquired Entities, which following the closing of the AT&T Acquisition are referred to as Liberty Mobile and its subsidiaries. The operations acquired in the AT&T Acquisition provide consumer mobile and B2B services in Puerto Rico and the U.S. Virgin Islands. The United States Department of Justice, as a condition of approval of the AT&T Acquisition, required us to divest certain B2B operations that were a part of our then-existing operations in Puerto Rico; a condition that we fulfilled in January 2021 by divesting those same B2B operations for a stated purchase price of $22 million. During the three months ended March, 31, 2021, we recognized a gain on sale of $9 million, which is included in impairment, restructuring and other operating items, net, in our condensed consolidated statement of operations. AT&T will provide ongoing support to the AT&T Acquired Entities under the TSA for a period up to 36 months following the closing of the AT&T Acquisition. Services under the TSA include, but are not limited to, (i) network operations, (ii) customer service, (iii) finance and accounting, (iv) information technology, (v) sales and marketing and (vi) content-related services. We may terminate any services under the TSA upon sixty business days’ notice to AT&T in accordance with the terms and conditions of the TSA. We have accounted for the AT&T 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 the AT&T Acquired Entities based on assessments of their respective fair values, and the excess of the total purchase price over the fair values of these identifiable net assets was allocated to goodwill. The purchase price allocation to the assets acquired and liabilities assumed, including the residual amount allocated to goodwill, is based on preliminary information. During the measurement period, we will adjust the values attributed to our preliminary opening balance sheet, most notably acquired property and equipment, intangible assets, leases and income taxes, as additional information is obtained about facts and circumstances that existed as of the closing date of the AT&T Acquisition and as we complete our evaluation of valuations provided by a third-party specialist. The preliminary information available to us to allocate consideration to acquired spectrum intangible assets is impacted by limitations on our ability to obtain all necessary information regarding the assets acquired, resulting in the on-going analysis of market data to establish an estimate. We expect the valuation of the spectrum intangible assets, which are currently based upon the historical values of the AT&T Acquired Entities, will require the anticipated use of either an adjusted “market” 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 an income-based approach, which requires a wide range of assumptions and inputs, including forecasting costs associated with building a complementary asset base. The valuation of the customer relationship intangible assets, which is currently based upon a preliminary multi-period excess earnings valuation method, will require updates to assumptions and inputs used, including the determination of contributory asset charges dependent on the valuation of the property and equipment and spectrum intangible assets. For additional information regarding fair value methods used in acquisition accounting, see note 6. A summary of the preliminary opening balance sheet of the AT&T Acquired Entities at the October 31, 2020 acquisition date is presented in the following table (in millions): Trade receivables $ 52.8 Prepaid expenses 0.1 Other current assets (a) 102.7 Goodwill (b) 317.7 Property and equipment 768.6 Intangible assets subject to amortization, net (c) 82.7 Intangible assets not subject to amortization (d) 894.4 Other assets (a) (e) 272.6 Accounts payable (3.0) Current portion of debt and finance lease obligations (0.2) Other accrued and current liabilities (e) (64.3) Long-term debt and finance lease obligations (10.6) Non-current deferred tax liabilities (313.8) Other long-term liabilities (e) (167.3) Total purchase price (f) $ 1,932.4 (a) Other current assets and other assets include $67 million and $39 million, respectively, in equipment installment-plan receivables. (b) The goodwill recognized in connection with the AT&T Acquisition is primarily attributable to (i) the ability to take advantage of the AT&T Acquired Entities’ existing mobile network to gain immediate access to potential customers and (ii) synergies that are expected to be achieved through the integration of the AT&T Acquired Entities with Liberty Latin America. Due to the nature of the AT&T Acquisition, no tax deductions related to goodwill are expected. (c) Amount includes intangible assets related to customer relationships. At October 31, 2020 the preliminary assessment of the weighted average useful life of the acquired customer relationship intangible assets was approximately 10 years. (d) Amount represents the preliminary value of spectrum licenses. (e) Other assets, other accrued and current liabilities and other long-term liabilities include $182 million, $33 million and $163 million related to operating lease right-of-use assets, current operating lease obligations and non-current operating lease obligations, respectively. (f) Amount excludes $51 million and $5 million of direct acquisition costs, incurred during 2020 and 2019, respectively. Direct acquisition costs are included in impairment, restructuring and other operating items, net, in our consolidated statements of operations. Supplemental Pro Forma Information The following unaudited pro forma financial information for the three months ended March 31, 2020 (in millions) is based on the historical carve-out financial statements of the AT&T Acquired Entities and is intended to provide information about how the AT&T Acquisition may have affected Liberty Latin America’s historical condensed consolidated financial statements if it had closed as of January 1, 2019. The pro forma financial information below is based on available information and assumptions that we believe are reasonable. The pro forma financial information is for illustrative and informational purposes only and is not intended to represent or be indicative of what our results of operations would have been had the AT&T Acquisition occurred on the date indicated nor should it be considered representative of our future financial condition or results of operations. Revenue $ 1,143.0 Net loss attributable to Liberty Latin America shareholders $ (153.3) The pro forma information set forth in the table above includes tax-effected pro forma adjustments primarily related to: i. the impact of estimated costs associated with the TSA that replaced parent-company allocations included in the historical financial statements of the AT&T Acquired Entities; ii. the impact of new rate agreements associated with roaming, subsea and ethernet services; iii. the alignment of accounting policies; iv. interest expense related to additional borrowings in conjunction with the AT&T Acquisition; and

Derivative Instruments

Derivative Instruments	3 Months Ended
	Mar. 31, 2021
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, particularly with respect to borrowings that are denominated in a currency other than the functional currency of the borrowing entity. In this regard, through our subsidiaries, we have entered into various derivative instruments to manage interest rate exposure and foreign currency exposure with respect to the U.S. dollar, the CLP, the COP and the JMD. With the exception of certain foreign currency forward contracts, we do not apply hedge accounting to our derivative instruments. Accordingly, changes in the fair values of most of our derivative instruments are recorded in realized and unrealized gains or losses on derivative instruments in our condensed consolidated statements of operations. The following table provides details of the fair values of our derivative instrument assets and liabilities: March 31, 2021 December 31, 2020 Current (a) Long-term (a) Total Current (a) Long-term (a) Total in millions Assets: Cross-currency and interest rate derivative contracts (b) $ 0.6 $ 20.6 $ 21.2 $ 0.7 $ 4.4 $ 5.1 Foreign currency forward contracts 0.1 — 0.1 — — — Total $ 0.7 $ 20.6 $ 21.3 $ 0.7 $ 4.4 $ 5.1 Liabilities: Cross-currency and interest rate derivative contracts (b) $ 64.7 $ 239.8 $ 304.5 $ 71.4 $ 403.0 $ 474.4 Foreign currency forward contracts 13.0 1.0 14.0 18.8 — 18.8 Total $ 77.7 $ 240.8 $ 318.5 $ 90.2 $ 403.0 $ 493.2 (a) Our current derivative assets, long-term derivative assets and long-term derivative liabilities are included in other current assets, net, other assets, net, and other long-term liabilities, respectively, in our condensed consolidated balance sheets. (b) We consider credit risk relating to our and our counterparties’ nonperformance 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 8). The changes in the credit risk valuation adjustments associated with our cross-currency and interest rate derivative contracts resulted in a net gain (loss) of ($21 million ) and $33 million during the three months ended March 31, 2021 and 2020, respectively. These amounts are included in realized and unrealized gains on derivative instruments, net, in our condensed consolidated statements of operations. For further information regarding our fair value measurements, see note 6. The derivative assets set forth in the table above exclude our Weather Derivatives as they are not accounted for at fair value. The premiums paid associated with our Weather Derivatives are included in other current assets, net, in our condensed consolidated balance sheets. The details of our realized and unrealized gains on derivative instruments, net, are as follows: Three months ended March 31, 2021 2020 in millions Cross-currency and interest rate derivative contracts $ 119.5 $ 9.3 Foreign currency forward contracts 0.7 10.5 Weather Derivatives (5.3) (2.4) Total $ 114.9 $ 17.4 The following table sets forth the classification of the net cash inflows (outflows) of our derivative instruments: Three months ended March 31, 2021 2020 in millions Operating activities $ (23.8) $ 4.0 Investing activities (0.7) 2.8 Financing activities (a) (43.0) (4.3) Total $ (67.5) $ 2.5 (a) The 2021 amount primarily relates to (i) $11 million associated with the settlement of interest rate swaps at VTR in connection with the refinancing of the VTR Credit Facilities and (ii) $32 million associated with the settlement of interest rate swaps at Liberty Puerto Rico in connection with the refinancing of the LPR Credit Facilities. For additional information regarding our debt refinancing activity, see note 8. 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 March 31, 2021, our exposure to counterparty credit risk resulting from our net derivative position was not material. 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 Cross-currency Derivative Contracts As noted above, we are exposed to foreign currency exchange rate risk in situations where our debt is denominated in a currency other than the functional currency of the operations whose cash flows support our ability to service, repay or refinance such debt. Although we generally seek to match the denomination of our borrowings with the functional currency of the operations that are supporting the respective borrowings, market conditions or other factors may cause us to enter into borrowing arrangements that are not denominated in the functional currency of the underlying operations (unmatched debt). Our policy is generally to provide for an economic hedge against foreign currency exchange rate movements, whenever possible and when cost effective to do so, by using derivative instruments to synthetically convert unmatched debt into the applicable underlying currency. The following table sets forth the total notional amounts and the related weighted average remaining contractual lives of our cross-currency swap contracts at March 31, 2021: Borrowing group Notional amount Notional amount Weighted average remaining life in millions in years C&W $ 56.3 COP 197,014.1 5.3 VTR $ 1,440.0 CLP 1,145,413.0 5.5 Interest Rate Derivative Contracts Interest Rate Swaps As noted above, 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 March 31, 2021: Borrowing group Notional amount due from counterparty Weighted average remaining life in millions in years C&W (a) $ 2,250.0 6.5 Liberty Puerto Rico $ 500.0 7.5 Cabletica $ 53.5 2.3 (a) Includes forward-starting derivative instruments. 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 March 31, 2021: Borrowing group Notional amount due from counterparty Weighted average remaining life in millions in years C&W $ 1,510.0 0.8 Liberty Puerto Rico $ 500.0 0.8 Foreign Currency Forwards Contracts We enter into foreign currency forward contracts with respect to non-functional currency exposure. The following table sets forth amounts due to and from our counterparties and the related weighted average remaining contractual lives of our foreign currency forward contracts at March 31, 2021: Borrowing group Notional amount due from counterparty Notional amount due to counterparty Weighted average remaining life in millions in years VTR $ 230.9 CLP 175,956.8 0.7 Cabletica $ 8.8 CRC 5,461.1 0.2 Interest Rate Floors Interest rate floors provide protection against interest rates falling below a pre-set level. During the first quarter of 2021, we entered into a forward-starting interest rate floor at Liberty Puerto Rico associated with the refinancing of the LPR Credit Facilities. At March 31, 2021, the total notional amount of our interest rate floor was $500 million with a weighted average remaining contractual life of 7.5 years.

Fair Value Measurements

Fair Value Measurements	3 Months Ended
	Mar. 31, 2021
Fair Value Disclosures [Abstract]
Fair Value Measurements	Fair Value Measurements General We record most of our derivative instruments at fair value. The reported fair values of our derivative instruments as of March 31, 2021 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, which may occur at the maturity of the derivative instrument or at the time of the repayment or refinancing of the underlying debt instrument. 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. 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 5. 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 and cross-currency derivative contracts are quantified and further explained in note 5. Due to the lack of Level 2 inputs for the valuation of the Sable Currency Swaps held by Sable, we believe this valuation falls under Level 3 of the fair value hierarchy. The Sable Currency Swaps, which were settled during the first quarter of 2021, were our only Level 3 financial instruments. The fair value of the Sable Currency Swaps at December 31, 2020 was $1 million, which is included in other assets, net, in our condensed consolidated balance sheet. The change in the fair value of the Sable Currency Swaps resulted in net gains (losses) of ($1 million) and $10 million during the three months ended March 31, 2021 and 2020, respectively, which are reflected in realized and unrealized gains on derivative instruments, net, in our condensed consolidated statements of operations. Nonrecurring Fair Value Measurements Fair value measurements are also used for purposes of nonrecurring valuations performed in connection with acquisition accounting and impairment assessments. 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 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.

Long-lived Assets

Long-lived Assets	3 Months Ended
	Mar. 31, 2021
Goodwill and Intangible Assets Disclosure [Abstract]
Long-lived Assets	Long-lived Assets Goodwill Changes in the carrying amount of our goodwill are set forth below: January 1, Acquisitions Foreign March 31, in millions C&W Caribbean and Networks $ 3,112.0 $ — $ (33.5) $ 3,078.5 C&W Panama 617.1 — — 617.1 Liberty Puerto Rico 629.9 (34.5) — 595.4 VTR 374.6 — (3.6) 371.0 Cabletica 151.9 — 0.2 152.1 Total $ 4,885.5 $ (34.5) $ (36.9) $ 4,814.1 Based on the results of our prior-year goodwill impairment test, if, among other factors, (i) our equity values were to decline significantly or (ii) the adverse impacts stemming from COVID-19, competition, economic, regulatory or other factors, including macro-economic and demographic trends, 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. Our accumulated goodwill impairments were $1,624 million at each of March 31, 2021 and December 31, 2020. Property and Equipment, Net The details of our property and equipment and the related accumulated depreciation are set forth below: March 31, December 31, in millions Distribution systems $ 5,348.3 $ 5,082.9 CPE 1,961.9 1,935.5 Support equipment, buildings and land 1,782.2 1,721.3 9,092.4 8,739.7 Accumulated depreciation (4,201.1) (3,828.3) Total $ 4,891.3 $ 4,911.4 During the three months ended March 31, 2021 and 2020, we recorded non-cash increases to our property and equipment related to vendor financing arrangements aggregating $19 million and $24 million, respectively. Intangible Assets Subject to Amortization, Net The details of our intangible assets subject to amortization and the related accumulated amortization are set forth below: March 31, December 31, in millions Customer relationships $ 1,551.1 $ 1,554.8 Licenses and other 158.4 159.4 1,709.5 1,714.2 Accumulated amortization (904.5) (855.3) Total $ 805.0 $ 858.9

Debt and Finance Lease Obligati

Debt and Finance Lease Obligations	3 Months Ended
	Mar. 31, 2021
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: March 31, 2021 Estimated fair value (c) Principal amount Weighted Unused borrowing capacity (b) Borrowing currency US $ equivalent March 31, 2021 December 31, 2020 March 31, 2021 December 31, 2020 in millions Convertible Notes (d) 2.00 % — $ — $ 396.9 $ 381.8 $ 402.5 $ 402.5 C&W Notes 6.74 % — — 2,409.9 2,435.8 2,270.0 2,270.0 C&W Credit Facilities 2.78 % (e) 774.6 1,832.2 1,834.7 1,854.1 1,856.2 LPR Senior Secured Notes 6.12 % — — 2,212.1 1,389.4 2,110.0 1,290.0 LPR Credit Facilities 3.86 % $ 167.5 167.5 500.0 1,002.5 500.0 1,000.0 VTR Notes 5.38 % — — 1,570.8 1,239.7 1,500.0 1,150.0 VTR Credit Facilities — % (f) 262.6 — 243.8 — 244.5 Cabletica Credit Facilities (g) 8.55 % $ 15.0 15.0 119.1 119.3 119.7 119.6 Vendor financing (h) 2.33 % — — 169.5 168.1 169.5 168.1 Total debt before premiums, discounts and deferred financing costs 5.11 % $ 1,219.7 $ 9,210.5 $ 8,815.1 $ 8,925.8 $ 8,500.9 The following table provides a reconciliation of total debt before premiums, discounts and deferred financing costs to total debt and finance lease obligations: March 31, 2021 December 31, 2020 in millions Total debt before premiums, discounts and deferred financing costs $ 8,925.8 $ 8,500.9 Premiums, discounts and deferred financing costs, net (156.0) (157.1) Total carrying amount of debt 8,769.8 8,343.8 Finance lease obligations 13.1 13.4 Total debt and finance lease obligations 8,782.9 8,357.2 Less: Current maturities of debt and finance lease obligations (162.8) (161.9) Long-term debt and finance lease obligations $ 8,620.1 $ 8,195.3 (a) Represents the weighted average interest rate in effect at March 31, 2021 for all borrowings outstanding pursuant to each debt instrument, including any applicable margin. The interest rates presented 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 March 31, 2021 without regard to covenant compliance calculations or other conditions precedent to borrowing. At March 31, 2021, 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 March 31, 2021 compliance reporting requirements. At March 31, 2021, 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 average of applicable bid and ask prices (mostly Level 1 of the fair value hierarchy) or, when quoted market prices are unavailable or not considered indicative of fair value, discounted cash flow models (mostly Level 2 of the fair value hierarchy). The discount rates used in the cash flow models are based on the market interest rates and estimated credit spreads of the applicable entity, to the extent available, and other relevant factors. For additional information regarding fair value hierarchies, see note 6. (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 value ascribed to the instrument’s conversion option. At March 31, 2021, the carrying value of the Convertible Notes was $346 million and the unamortized debt discount on the Convertible Notes was $54 million. (e) The C&W Credit Facilities unused borrowing capacity comprise certain U.S. dollar and Trinidad & Tobago dollar revolving credit facilities. (f) The VTR Credit Facilities unused borrowing capacity comprises U.S. dollar and CLP revolving credit facilities. (g) The Cabletica Credit Facilities comprise certain Costa Rican colón and U.S. dollar term loans and a U.S. dollar revolving credit facility. (h) Represents amounts owed pursuant to interest-bearing vendor financing arrangements that are used to finance certain of our operating expenses and property and equipment additions. These obligations are generally due within one year and include VAT that were paid on our behalf by the vendor. Our operating expenses include $26 million and $33 million for the three months ended March 31, 2021 and 2020, respectively, that were financed by an intermediary and are reflected on the borrowing date as a hypothetical cash outflow within net cash provided by operating activities and a hypothetical cash inflow within net cash provided by financing activities in our condensed 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 condensed consolidated statements of cash flows. Financing Activity The general terms of the notes we issued and credit facilities we entered into or amended during 2021 are as follows: Borrowing group Issued at Interest rate Borrowing Non-cash component (a) Instrument Maturity in millions Liberty Puerto Rico 2029 LPR Senior Secured Notes 100% July 15, 2029 5.125% $ 820.0 $ 500.0 Liberty Puerto Rico 2028 LPR Term Loan 100% October 15, 2028 LIBOR + 3.75% $ 500.0 $ 500.0 Liberty Puerto Rico LPR Revolving Credit Facility N/A March 15, 2027 LIBOR + 3.5% (b) N/A VTR 2029 VTR Senior Secured Notes 100% April 15, 2029 4.375% $ 410.0 $ 60.0 VTR VTR RCF – A N/A June 15, 2026 TAB + 3.35% $ — N/A N/A — Not applicable. (a) Represents the non-cash component of the financing, if any. Non-cash activity relates to cash borrowed 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 outstanding debt instruments within the same borrowing group. (b) Total commitments under the LPR Revolving Credit Facility were increased by $43 million. During 2021, we made repayments on the following debt instruments: Borrowing group Redemption price Principal amount repaid Non-cash component (b) Loss on debt extinguishment Instrument Borrowing currency USD equivalent (a) in millions Liberty Puerto Rico 2026 SPV Credit Facility 100% $ 1,000.0 $ 1,000.0 $ 1,000.0 $ 14.3 VTR 2028 VTR Senior Secured Notes 103% $ 60.0 $ 60.0 $ 60.0 $ 2.1 VTR VTR TLB-1 Facility 100% CLP 140,900.0 $ 196.4 $ — $ 5.6 VTR VTR TLB-2 Facility 100% CLP 33,100.0 $ 46.1 $ — $ 1.3 (a) Translated at the transaction date, if applicable. (b) Represents the non-cash component of the repayment, if any. Non-cash activity relates to cash repayments 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 outstanding debt instruments within the same borrowing group. Maturities of Debt Maturities of our debt as of March 31, 2021 are presented below. Amounts presented below represent U.S. dollar equivalents based on March 31, 2021 exchange rates: C&W Liberty Puerto Rico VTR Cabletica Liberty Latin America (a) Consolidated in millions Years ending December 31: 2021 (remainder of year) $ 48.9 $ — $ 72.7 $ — $ 0.4 $ 122.0 2022 29.2 — 24.7 — 0.6 54.5 2023 124.6 — — — 0.8 125.4 2024 61.3 — — 119.7 403.0 584.0 2025 144.6 — — — — 144.6 2026 500.6 — — — — 500.6 Thereafter 3,284.7 2,610.0 1,500.0 — — 7,394.7 Total debt maturities 4,193.9 2,610.0 1,597.4 119.7 404.8 8,925.8 Premiums, discounts and deferred financing costs, net (28.9) (39.9) (24.2) (6.3) (56.7) (156.0) Total debt $ 4,165.0 $ 2,570.1 $ 1,573.2 $ 113.4 $ 348.1 $ 8,769.8 Current portion $ 63.3 $ — $ 97.4 $ — $ 0.4 $ 161.1 Noncurrent portion $ 4,101.7 $ 2,570.1 $ 1,475.8 $ 113.4 $ 347.7 $ 8,608.7 (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.

Leases

Leases	3 Months Ended
	Mar. 31, 2021
Leases [Abstract]
Leases	Leases The following table provides details of our operating lease expense: Three months ended March 31, 2021 2020 in millions Operating lease expense: Operating lease cost $ 21.9 $ 11.8 Short-term lease cost 4.0 2.8 Total operating lease expense $ 25.9 $ 14.6 Our operating lease expense is included in facility, provision, franchise and other expense, in other operating costs and expenses, in our condensed consolidated statements of operations. Certain other details of our operating leases are set forth in the tables below: March 31, December 31, in millions Operating lease right-of-use assets $ 305.5 $ 328.6 Operating lease liabilities: Current $ 60.8 $ 63.2 Noncurrent 261.6 269.7 Total operating lease liabilities $ 322.4 $ 332.9 Weighted-average remaining lease term 7.1 years 7.2 years Weighted-average discount rate 5.4 % 5.6 % Three months ended March 31, 2021 2020 in millions Operating cash flows from operating leases $ 20.3 $ 10.1 Right-of-use assets obtained in exchange for new operating lease liabilities (a) $ 10.3 $ 19.7 (a) Represents non-cash transactions associated with operating leases entered into during the three months ended March 31, 2021 and 2020, respectively. Our operating lease right-of-use assets are included in other assets, net other accrued and current liabilities other long-term liabilities, Maturities of Operating Leases Maturities of our operating lease liabilities as of March 31, 2021 are presented below. Amounts presented below represent U.S. dollar equivalents (in millions) based on March 31, 2021 exchange rates. Years ending December 31: 2021 (remainder of year) $ 58.0 2022 64.7 2023 53.1 2024 45.6 2025 34.7 2026 30.8 Thereafter 105.6 Total operating lease liabilities on an undiscounted basis 392.5 Amount representing interest (70.1) Present value of operating lease liabilities $ 322.4

Unfulfilled Performance Obligat

Unfulfilled Performance Obligations	3 Months Ended
	Mar. 31, 2021
Revenue from Contract with Customer [Abstract]
Unfulfilled Performance Obligations	Unfulfilled Performance Obligations 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 March 31, 2021, we have approximately $385 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 six years.

Programming and Other Direct Co

Programming and Other Direct Costs of Services	3 Months Ended
	Mar. 31, 2021
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, costs of mobile handsets and other devices, and other direct costs related to our operations. Our programming and other direct costs of services by major category are set forth below. Three months ended March 31, 2021 2020 in millions Programming and copyright $ 111.8 $ 100.6 Interconnect 66.4 66.3 Equipment and other 102.0 43.9 Total programming and other direct costs $ 280.2 $ 210.8

Other Operating Costs and Expen

Other Operating Costs and Expenses	3 Months Ended
	Mar. 31, 2021
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, 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, travel and entertainment and other operating-related costs; and • Share-based compensation expense that relates to (i) SARs, RSUs and PSUs issued to our employees and Directors and (ii) bonus-related expenses that will be paid in the form of equity. Our other operating costs and expenses by major category are set forth below. Three months ended March 31, 2021 2020 in millions Personnel and contract labor $ 138.4 $ 124.5 Network-related 77.2 63.9 Service-related 47.5 38.3 Commercial 52.4 42.1 Facility, provision, franchise and other 114.9 87.5 Share-based compensation expense 23.0 23.8 Total other operating costs and expenses $ 453.4 $ 380.1

Income Taxes

Income Taxes	3 Months Ended
	Mar. 31, 2021
Income Tax Disclosure [Abstract]
Income Taxes	Income Taxes We evaluate and update our estimated annual effective income tax rate on a quarterly basis based on current and forecasted operating results and tax laws. For interim tax reporting, we estimate an annual effective tax rate that is applied to year-to-date ordinary income or loss. The tax effects of significant unusual or infrequently occurring items are excluded from the estimated annual effective tax rate calculation and recognized in the interim period in which they occur. Our interim estimate of our annual effective tax rate and our interim tax provision are subject to volatility due to factors such as jurisdictions in which our deferred taxes and/or tax attributes are subject to a full valuation allowance, relative changes in unrecognized tax benefits and changes in tax laws. Based upon the mix and timing of our actual annual earnings or loss compared to annual projections, as well as changes in the factors noted above, our effective tax rate may vary quarterly and may make quarterly comparisons not meaningful. Income tax expense was $28 million and $6 million during the three months ended March 31, 2021 and 2020, respectively. This represents an effective income tax rate of (23.9)% and 3.1% for the three months ended March 31, 2021 and 2020, respectively, including items treated discretely. For the three months ended March 31, 2021 and 2020, the income tax expense attributable to our earnings (loss) before income taxes differs from the amounts computed using the statutory tax rate, primarily due to the net detrimental effects of international rate differences, increases in valuation allowances, changes in uncertain tax positions, and negative effects of permanent tax differences, such as non-deductible expenses. These negative impacts to our effective tax rate were partially offset by the beneficial effects of permanent tax differences, such as non-taxable income.

Share-based Compensation

Share-based Compensation	3 Months Ended
	Mar. 31, 2021
Share-based Payment Arrangement [Abstract]
Share-based Compensation	Share-based Compensation Performance Awards During the three months ended March 31, 2021, we granted PSUs with respect to 0.7 million Class A common shares and 1.3 million Class C common shares, which have grant-date fair values of $11.76 and $11.48 per share, respectively.

Earnings or Loss per Share

Earnings or Loss per Share	3 Months Ended
	Mar. 31, 2021
Earnings Per Share [Abstract]
Earnings or Loss per Share	Earnings or Loss per Share Basic EPS is computed by dividing net earnings (loss) attributable to Liberty Latin America shareholders by the weighted average number of Liberty Latin America Shares outstanding during the periods presented, as further described below. Diluted EPS presents the dilutive effect, if any, on a per share basis of potential shares as if they had been exercised, vested or converted at the beginning of the periods presented. The details of our weighted average shares outstanding are set forth below: Three months ended March 31, 2021 2020 Weighted average shares outstanding: Basic 232,410,514 184,950,252 Diluted 252,970,163 184,950,252 We reported net earnings and a net loss attributable to Liberty Latin America shareholders during the three months ended March 31, 2021 and 2020, respectively. The potentially dilutive effect at March 31, 2021 and 2020 of the following items were not included in the computation of diluted earnings or loss per share for the respective period because their inclusion would have been anti-dilutive to the computation or, in the case of certain PSUs, because such awards had not yet met the applicable performance criteria: (i) the aggregate number of shares issuable pursuant to outstanding options, SARs and RSUs of 17.6 million and 22.1 million, respectively, (ii) the aggregate number of shares issuable pursuant to outstanding PSUs of 2.0 million for both March 31, 2021 and 2020, and (iii) with respect to March 31, 2020, using the if-converted method, the aggregate number of shares potentially issuable under our Convertible Notes of 18.1 million. The details of the calculations of our basic and diluted EPS for the three months ended March 31, 2021 are set forth below in millions, except for share amounts: Numerator: Net earnings attributable to holders of Liberty Latin America Shares (basic EPS computation) $ 87.8 Add back: interest expense and amortization of deferred financing costs and premiums associated with Convertible Notes (if-converted method) 5.9 Net earnings attributable to holders of Liberty Latin America Shares (diluted EPS computation) $ 93.7 Denominator: Weighted average shares (basic EPS computation) 232,410,514 Incremental shares attributable to the release of PSUs and RSUs upon vesting (treasury stock method) 1,065,970 Number of shares issuable under our Convertible Notes (if-converted method) 19,493,679 Weighted average shares (diluted EPS computation) 252,970,163

Equity

Equity	3 Months Ended
	Mar. 31, 2021
Equity [Abstract]
Equity	Equity Common Share Issuance During the first quarter of 2021, we issued 0.6 million and 1.2 million shares of Class A and Class C common shares, respectively, in settlement of certain bonus liabilities relating to the year ended December 31, 2020. Share Repurchase Program On March 16, 2020, our Directors approved the Share Repurchase Program, which authorizes 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. The Share Repurchase Program does not obligate us to repurchase any of our Class A or C common shares. Under the Share Repurchase Program, we may repurchase our common shares from time to time in open market purchases at prevailing market prices, in privately negotiated transactions, in block trades, derivative transactions and/or through other legally permissible means. During the three months ended March 31, 2020, we repurchased

Commitments and Contingencies

Commitments and Contingencies	3 Months Ended
	Mar. 31, 2021
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	Commitments and Contingencies Commitments In the normal course of business, we have entered into agreements that commit our company to make cash payments in future periods with respect to programming contracts, network and connectivity commitments, purchases of customer premises and other equipment and services and other items. The following table sets forth the U.S. dollar equivalents of such commitments as of March 31, 2021: Payments due during: Remainder of 2021 2022 2023 2024 2025 2026 Thereafter Total in millions Programming commitments $ 108.9 $ 90.6 $ 52.8 $ 43.1 $ 0.5 $ — $ — $ 295.9 Network and connectivity commitments 58.0 13.5 10.5 9.1 6.3 1.9 7.3 106.6 Purchase commitments 177.2 21.4 16.6 — — — — 215.2 Other commitments 8.3 1.8 1.6 1.5 1.4 1.4 7.0 23.0 Total (a) $ 352.4 $ 127.3 $ 81.5 $ 53.7 $ 8.2 $ 3.3 $ 14.3 $ 640.7 (a) The commitments included in this table do not reflect any liabilities that are included in our March 31, 2021 condensed consolidated balance sheet. Programming commitments consist of obligations associated with certain contracts including channels, programming, and sports rights contracts with a wide range of providers that are enforceable and legally binding on us, as we have agreed to pay minimum fees without regard to (i) the actual number of subscribers to the programming services, (ii) whether we terminate service to a portion of our subscribers or dispose of a portion of our distribution systems or (iii) whether we discontinue our premium sports services. In addition, programming commitments do not include increases in future periods associated with contractual inflation or other price adjustments that are not fixed. Accordingly, the amounts reflected in the above table with respect to these contracts are significantly less than the amounts we expect to pay in these periods under these contracts. Historically, payments to programming vendors have represented a significant portion of our operating costs, and we expect that this will continue to be the case in future periods. Network and connectivity commitments include (i) domestic network service agreements with certain other telecommunications companies and (ii) VTR’s MVNO agreement. The amounts reflected in the above table with respect to our MVNO commitment represent fixed minimum amounts payable under this agreement and, therefore, may be significantly less than the actual amounts VTR ultimately pays in these periods. Purchase commitments include unconditional and legally-binding obligations related to (i) the purchase of customer premises and other equipment and (ii) certain service-related commitments, including call center, information technology and maintenance services. In addition to the commitments set forth in the table above, we have commitments under (i) derivative instruments and (ii) defined benefit plans and similar agreements, pursuant to which we expect to make payments in future periods. For information regarding our derivative instruments, including the net cash paid or received in connection with these instruments during the three months ended March 31, 2021 and 2020, see note 5. 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. Legal and Regulatory Proceedings and Other Contingencies VTR Class Action. On August 25, 2020, VTR was notified that SERNAC had filed a class action complaint against VTR in the 14th Civil Court of Santiago. The complaint relates to consumer complaints regarding VTR’s broadband service and capacity during the pandemic and raises claims regarding, among other things, VTR’s disclosure of its broadband speeds and aggregate capacity availability and VTR’s response to address the causes of service instability during the pandemic. VTR was also notified in August about two additional class action complaints filed by consumer associations (ODECU and AGRECU) making similar claims and allegations. The class action complaint of ODECU was filed in the 21st Civil Court of Santiago, and the class action complaint of AGRECU was filed in the 26th Civil Court of Santiago. The complaint of SERNAC and ODECU seeks (i) the Court declare that VTR has infringed the rules of the Consumer Protection Law; (ii) the responsibility of VTR for such infractions and, if so, establish the corresponding fines; and (iii) compensatory damages. In the case of AGRECU, the complaint only seeks compensatory damages. On October 22, 2020, VTR was notified of a fourth class action complaint filed by Conadecus in the 16 th Civil Court of Santiago alleging that VTR did not adhere to certain call center, technical visit and service level requirements under applicable law. We believe that the allegations contained in the complaints are without merit, in particular as it relates to VTR’s service and response during the pandemic and intend to defend the complaints vigorously. We cannot predict at this point the length of time that these actions will be ongoing. Additionally, a liability, if any, or a reasonable range of loss is not currently determinable based upon the current facts and circumstances of these claims. Regulatory Issues. Video distribution, broadband internet, fixed-line telephony and mobile businesses are regulated in each of the countries in which we operate. The scope of regulation varies from country to country. Adverse regulatory developments could subject our businesses to a number of risks. Regulation, including conditions imposed on us by competition or other authorities as a requirement to close acquisitions or dispositions, could limit growth, revenue and the number and types of services offered and could lead to increased operating costs and property and equipment additions. In addition, regulation may restrict our operations and subject them to further competitive pressure, including pricing restrictions, interconnect and other access obligations, and restrictions or controls on content, including content provided by third parties. Failure to comply with current or future regulation could expose our businesses to various penalties. In addition to the foregoing items, 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.

Segment Reporting

Segment Reporting	3 Months Ended
	Mar. 31, 2021
Segment Reporting, Measurement Disclosures [Abstract]
Segment Reporting	Segment ReportingOur reportable segments derive their revenue primarily from residential and B2B services, including video, broadband internet and fixed-line telephony services and mobile services. Our corporate category includes our corporate operations. We generally identify our reportable segments as those operating segments that represent 10% or more of our revenue, Adjusted OIBDA or total assets. As a result of organizational changes during the first quarter of 2021, VTR and Cabletica are now each an operating and reportable segment rather than one segment. Accordingly, as of March 31, 2021, our reportable segments are as follows: • C&W Caribbean and Networks; • C&W Panama; • Liberty Puerto Rico; • VTR; and • Cabletica. For the 2020 period in the tables set forth below, the amounts presented exclude the pre-acquisition revenue, Adjusted OIBDA and property and equipment additions of the AT&T Acquired Entities, which were acquired on October 31, 2020. For more information regarding the AT&T Acquisition, see note 4. 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. Adjusted OIBDA is the primary measure used by our chief operating decision maker 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 and to earnings (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 Cabletica and certain subsidiaries of C&W that are not wholly-owned, we include 100% of the revenue and expenses of these entities in our condensed 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 C&W and (ii) Cabletica are reflected in net earnings or loss attributable to noncontrolling interests in our condensed consolidated statements of operations. Revenue Three months ended March 31, 2021 2020 in millions C&W Caribbean and Networks $ 429.8 $ 452.0 C&W Panama 122.0 138.3 Liberty Puerto Rico 361.3 104.6 VTR 210.3 206.4 Cabletica 36.2 33.7 Corporate 5.4 — Intersegment eliminations (5.1) (4.0) Total $ 1,159.9 $ 931.0 Adjusted OIBDA Three months ended March 31, 2021 2020 in millions C&W Caribbean and Networks $ 181.3 $ 187.0 C&W Panama 44.0 45.8 Liberty Puerto Rico 149.9 50.5 VTR 70.5 80.1 Cabletica 14.1 13.3 Corporate (10.5) (12.8) Total $ 449.3 $ 363.9 The following table provides a reconciliation of total Adjusted OIBDA to operating income and to earnings (loss) before income taxes: Three months ended March 31, 2021 2020 in millions Total Adjusted OIBDA $ 449.3 $ 363.9 Share-based compensation expense (23.0) (23.8) Depreciation and amortization (245.9) (213.5) Impairment, restructuring and other operating items, net (2.2) (18.8) Operating income 178.2 107.8 Interest expense (126.4) (143.3) Realized and unrealized gains on derivative instruments, net 114.9 17.4 Foreign currency transaction losses, net (25.4) (164.3) Losses on debt extinguishment (23.3) (3.4) Other income (expense), net (0.6) 6.8 Earnings (loss) before income taxes $ 117.4 $ (179.0) 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 expenditure amounts included in our condensed consolidated statements of cash flows. For additional information concerning capital additions financed under vendor financing, see note 7. Three months ended March 31, 2021 2020 in millions C&W Caribbean and Networks $ 49.6 $ 57.3 C&W Panama 10.7 13.2 Liberty Puerto Rico 33.7 13.3 VTR 46.7 40.9 Cabletica 7.3 4.0 Corporate 4.4 4.2 Total property and equipment additions 152.4 132.9 Assets acquired under capital-related vendor financing arrangements (18.8) (23.6) Changes in current liabilities related to capital expenditures 2.0 39.9 Total capital expenditures $ 135.6 $ 149.2 Revenue by Major Category Our revenue by major category for our reportable segments, set forth in the tables below, includes the following categories: • residential fixed subscription and residential mobile services revenue include amounts received from subscribers for ongoing fixed and airtime services, respectively; • residential fixed non-subscription revenue primarily includes interconnect and advertising revenue; • B2B service revenue 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, on a wholesale basis, other telecommunication operators; and • B2B subsea network revenue 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. Three months ended March 31, 2021 C&W Caribbean and Networks C&W Panama Liberty Puerto Rico VTR Cabletica Corporate (a) Intersegment Eliminations Total in millions Residential revenue: Residential fixed revenue: Subscription revenue: Video $ 34.3 $ 6.2 $ 38.6 $ 78.3 $ 19.5 $ — $ — $ 176.9 Broadband internet 66.6 10.7 61.4 84.8 14.0 — — 237.5 Fixed-line telephony 16.5 4.3 7.0 20.0 1.1 — — 48.9 Total subscription revenue 117.4 21.2 107.0 183.1 34.6 — — 463.3 Non-subscription revenue 10.7 2.5 4.2 3.4 1.6 — — 22.4 Total residential fixed revenue 128.1 23.7 111.2 186.5 36.2 — — 485.7 Residential mobile revenue: Service revenue 71.8 39.3 117.4 13.2 — — — 241.7 Interconnect, inbound roaming, equipment sales and other (b) 11.4 10.3 72.1 2.3 — 5.4 — 101.5 Total residential mobile revenue 83.2 49.6 189.5 15.5 — 5.4 — 343.2 Total residential revenue 211.3 73.3 300.7 202.0 36.2 5.4 — 828.9 B2B revenue: Service revenue (c) 150.8 48.7 52.1 8.3 — — (1.1) 258.8 Subsea network revenue 67.7 — — — — — (4.0) 63.7 Total B2B revenue 218.5 48.7 52.1 8.3 — — (5.1) 322.5 Other revenue (d) — — 8.5 — — — — 8.5 Total $ 429.8 $ 122.0 $ 361.3 $ 210.3 $ 36.2 $ 5.4 $ (5.1) $ 1,159.9 (a) Amount relates to services we provide for mobile handset insurance following the closing of the AT&T Acquisition. (b) The total amount includes $24 million of inbound roaming revenue and $57 million of revenue from sales of mobile handsets and other devices. (c) The total amount includes $3 million of revenue from sales of mobile handsets and other devices to B2B mobile customers. (d) Amount relates to revenue received from the FCC related to Liberty Mobile following the closing of the AT&T Acquisition. Three months ended March 31, 2020 C&W Caribbean and Networks C&W Panama Liberty Puerto Rico VTR Cabletica Intersegment Eliminations Total in millions Residential revenue: Residential fixed revenue: Subscription revenue: Video $ 37.3 $ 7.6 $ 35.3 $ 75.6 $ 19.4 $ — $ 175.2 Broadband internet 61.4 9.6 45.5 81.9 12.5 — 210.9 Fixed-line telephony 19.3 5.0 5.9 19.6 0.7 — 50.5 Total subscription revenue 118.0 22.2 86.7 177.1 32.6 — 436.6 Non-subscription revenue 13.1 3.8 4.6 4.9 1.1 — 27.5 Total residential fixed revenue 131.1 26.0 91.3 182.0 33.7 — 464.1 Residential mobile revenue: Service revenue 78.8 44.2 — 14.6 — — 137.6 Interconnect, inbound roaming, equipment sales and other (a) 13.7 11.8 — 2.0 — — 27.5 Total residential mobile revenue 92.5 56.0 — 16.6 — — 165.1 Total residential revenue 223.6 82.0 91.3 198.6 33.7 — 629.2 B2B revenue: Service revenue (b) 157.7 56.3 13.3 7.8 — (0.9) 234.2 Subsea network revenue 70.7 — — — — (3.1) 67.6 Total B2B revenue 228.4 56.3 13.3 7.8 — (4.0) 301.8 Total $ 452.0 $ 138.3 $ 104.6 $ 206.4 $ 33.7 $ (4.0) $ 931.0 (a) The total amount includes $8 million of inbound roaming revenue and $10 million of revenue from sales of mobile handsets and other devices. (b) The total amount includes $3 million of revenue from sales of mobile handsets and other devices. Geographic Markets The revenue from third-party customers for our geographic markets is set forth in the table below. Three months ended March 31, 2021 2020 in millions Puerto Rico $ 347.3 $ 104.3 Chile 210.3 206.4 Panama 121.4 137.7 Networks & LatAm (a) 90.4 95.0 Jamaica 97.3 96.1 The Bahamas 45.0 49.3 Barbados 33.9 36.7 Trinidad and Tobago 39.7 40.8 Curacao 34.3 39.6 Costa Rica 36.2 33.7 Other (b) 104.1 91.4 Total $ 1,159.9 $ 931.0 (a) The amounts represent managed services and wholesale revenue from various jurisdictions across Latin America and the Caribbean, primarily related to the sale and lease of telecommunications capacity on C&W’s subsea and terrestrial fiber optic cable networks.

Basis of Presentation (Policies

Basis of Presentation (Policies)	3 Months Ended
	Mar. 31, 2021
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Accounting Changes	Accounting Changes ASU 2018-14 In August 2018, the FASB issued ASU No. 2018-14, Disclosure Framework-Changes to the Disclosure Requirements for Defined Benefit Plans ( ASU 2018-14 ), which removes and modifies certain existing disclosure requirements and adds new disclosure requirements related to employer sponsored defined benefit pension or other postretirement plans. We adopted ASU 2018-14 effective January 1, 2021 and it did not have a material impact on the disclosures in our condensed consolidated financial statements. Recent Accounting Pronouncements ASU 2020-04 and ASU 2021-01 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 the LIBOR, which regulators in the U.K. have announced will be phased out by the end of 2021. 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 ASC 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 will not be available after December 31, 2022, other than for certain hedging relationships entered into before December 31, 2022. We do not currently expect that the phase out of LIBOR will have a material impact on our consolidated financial statements. ASU 2020-06 In August 2020, the FASB issued ASU No. 2020-06, Debt—Debt with Conversion and Other Options and Derivatives and Hedging—Contracts in Entity’s Own Equity: Accounting for Convertible Instruments and Contracts in an Entity’s Own Equity ( ASU 2020-06 ), which (i) reduces the number of accounting models for convertible instruments and allows more contracts to qualify for equity classification and (ii) makes targeted improvements to convertible instruments and earnings-per-share disclosure requirements. ASU 2020-06 is effective for annual reporting periods after December 15, 2021, including interim periods within those fiscal years, with early adoption permitted, but no earlier than annual and interim periods in fiscal years beginning after December 15, 2020. While we are still evaluating the impact of ASU 2020-06, we do not currently expect it will have a material impact on our consolidated financial statements.

Current Expected Credit Losses

Current Expected Credit Losses (Tables)	3 Months Ended
	Mar. 31, 2021
Accounting Policies [Abstract]
Accounts Receivable, Allowance for Credit Loss	The changes in our trade receivables allowance for credit losses are set forth below: Three months ended March 31, 2021 2020 in millions Balance at beginning of period $ 100.0 $ 87.3 Provision for expected losses 12.3 15.7 Write-offs (13.5) (10.3) Foreign currency translation adjustments and other (3.9) 6.5 Balance at end of period $ 94.9 $ 99.2

Acquisitions (Tables)

Acquisitions (Tables)	3 Months Ended
	Mar. 31, 2021
Business Combinations [Abstract]
Schedule of Purchase Price Allocation	A summary of the preliminary opening balance sheet of the AT&T Acquired Entities at the October 31, 2020 acquisition date is presented in the following table (in millions): Trade receivables $ 52.8 Prepaid expenses 0.1 Other current assets (a) 102.7 Goodwill (b) 317.7 Property and equipment 768.6 Intangible assets subject to amortization, net (c) 82.7 Intangible assets not subject to amortization (d) 894.4 Other assets (a) (e) 272.6 Accounts payable (3.0) Current portion of debt and finance lease obligations (0.2) Other accrued and current liabilities (e) (64.3) Long-term debt and finance lease obligations (10.6) Non-current deferred tax liabilities (313.8) Other long-term liabilities (e) (167.3) Total purchase price (f) $ 1,932.4 (a) Other current assets and other assets include $67 million and $39 million, respectively, in equipment installment-plan receivables. (b) The goodwill recognized in connection with the AT&T Acquisition is primarily attributable to (i) the ability to take advantage of the AT&T Acquired Entities’ existing mobile network to gain immediate access to potential customers and (ii) synergies that are expected to be achieved through the integration of the AT&T Acquired Entities with Liberty Latin America. Due to the nature of the AT&T Acquisition, no tax deductions related to goodwill are expected. (c) Amount includes intangible assets related to customer relationships. At October 31, 2020 the preliminary assessment of the weighted average useful life of the acquired customer relationship intangible assets was approximately 10 years. (d) Amount represents the preliminary value of spectrum licenses. (e) Other assets, other accrued and current liabilities and other long-term liabilities include $182 million, $33 million and $163 million related to operating lease right-of-use assets, current operating lease obligations and non-current operating lease obligations, respectively. (f) Amount excludes $51 million and $5 million of direct acquisition costs, incurred during 2020 and 2019, respectively. Direct acquisition costs are included in impairment, restructuring and other operating items, net, in our consolidated statements of operations.
Schedule of Pro Forma Information	The pro forma financial information is for illustrative and informational purposes only and is not intended to represent or be indicative of what our results of operations would have been had the AT&T Acquisition occurred on the date indicated nor should it be considered representative of our future financial condition or results of operations. Revenue $ 1,143.0 Net loss attributable to Liberty Latin America shareholders $ (153.3) The pro forma information set forth in the table above includes tax-effected pro forma adjustments primarily related to: i. the impact of estimated costs associated with the TSA that replaced parent-company allocations included in the historical financial statements of the AT&T Acquired Entities; ii. the impact of new rate agreements associated with roaming, subsea and ethernet services; iii. the alignment of accounting policies; iv. interest expense related to additional borrowings in conjunction with the AT&T Acquisition; and

Derivative Instruments (Tables)

Derivative Instruments (Tables)	3 Months Ended
	Mar. 31, 2021
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: March 31, 2021 December 31, 2020 Current (a) Long-term (a) Total Current (a) Long-term (a) Total in millions Assets: Cross-currency and interest rate derivative contracts (b) $ 0.6 $ 20.6 $ 21.2 $ 0.7 $ 4.4 $ 5.1 Foreign currency forward contracts 0.1 — 0.1 — — — Total $ 0.7 $ 20.6 $ 21.3 $ 0.7 $ 4.4 $ 5.1 Liabilities: Cross-currency and interest rate derivative contracts (b) $ 64.7 $ 239.8 $ 304.5 $ 71.4 $ 403.0 $ 474.4 Foreign currency forward contracts 13.0 1.0 14.0 18.8 — 18.8 Total $ 77.7 $ 240.8 $ 318.5 $ 90.2 $ 403.0 $ 493.2 (a) Our current derivative assets, long-term derivative assets and long-term derivative liabilities are included in other current assets, net, other assets, net, and other long-term liabilities, respectively, in our condensed consolidated balance sheets. (b) We consider credit risk relating to our and our counterparties’ nonperformance 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 8). The changes in the credit risk valuation adjustments associated with our cross-currency and interest rate derivative contracts resulted in a net gain (loss) of ($21 million ) and $33 million during the three months ended March 31, 2021 and 2020, respectively. These amounts are included in realized and unrealized gains on derivative instruments, net, in our condensed consolidated statements of operations. For further information regarding our fair value measurements, see note 6.
Schedule of Realized and Unrealized Gains on Derivative Instruments, Net	The details of our realized and unrealized gains on derivative instruments, net, are as follows: Three months ended March 31, 2021 2020 in millions Cross-currency and interest rate derivative contracts $ 119.5 $ 9.3 Foreign currency forward contracts 0.7 10.5 Weather Derivatives (5.3) (2.4) Total $ 114.9 $ 17.4
Schedule of Classification of the Net Cash Inflows of Our Derivative Instruments	The following table sets forth the classification of the net cash inflows (outflows) of our derivative instruments: Three months ended March 31, 2021 2020 in millions Operating activities $ (23.8) $ 4.0 Investing activities (0.7) 2.8 Financing activities (a) (43.0) (4.3) Total $ (67.5) $ 2.5 (a) The 2021 amount primarily relates to (i) $11 million associated with the settlement of interest rate swaps at VTR in connection with the refinancing of the VTR Credit Facilities and (ii) $32 million associated with the settlement of interest rate swaps at Liberty Puerto Rico in connection with the refinancing of the LPR Credit Facilities. For additional information regarding our debt refinancing activity, see note 8.
Schedule of Derivative Instruments	The following table sets forth the total notional amounts and the related weighted average remaining contractual lives of our cross-currency swap contracts at March 31, 2021: Borrowing group Notional amount Notional amount Weighted average remaining life in millions in years C&W $ 56.3 COP 197,014.1 5.3 VTR $ 1,440.0 CLP 1,145,413.0 5.5 Borrowing group Notional amount due from counterparty Weighted average remaining life in millions in years C&W (a) $ 2,250.0 6.5 Liberty Puerto Rico $ 500.0 7.5 Cabletica $ 53.5 2.3 (a) Includes forward-starting derivative instruments. Borrowing group Notional amount due from counterparty Weighted average remaining life in millions in years C&W $ 1,510.0 0.8 Liberty Puerto Rico $ 500.0 0.8 Borrowing group Notional amount due from counterparty Notional amount due to counterparty Weighted average remaining life in millions in years VTR $ 230.9 CLP 175,956.8 0.7 Cabletica $ 8.8 CRC 5,461.1 0.2

Long-lived Assets (Tables)

Long-lived Assets (Tables)	3 Months Ended
	Mar. 31, 2021
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of Goodwill	Changes in the carrying amount of our goodwill are set forth below: January 1, Acquisitions Foreign March 31, in millions C&W Caribbean and Networks $ 3,112.0 $ — $ (33.5) $ 3,078.5 C&W Panama 617.1 — — 617.1 Liberty Puerto Rico 629.9 (34.5) — 595.4 VTR 374.6 — (3.6) 371.0 Cabletica 151.9 — 0.2 152.1 Total $ 4,885.5 $ (34.5) $ (36.9) $ 4,814.1
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: March 31, December 31, in millions Distribution systems $ 5,348.3 $ 5,082.9 CPE 1,961.9 1,935.5 Support equipment, buildings and land 1,782.2 1,721.3 9,092.4 8,739.7 Accumulated depreciation (4,201.1) (3,828.3) Total $ 4,891.3 $ 4,911.4
Schedule of Intangible Assets Subject to Amortization	The details of our intangible assets subject to amortization and the related accumulated amortization are set forth below: March 31, December 31, in millions Customer relationships $ 1,551.1 $ 1,554.8 Licenses and other 158.4 159.4 1,709.5 1,714.2 Accumulated amortization (904.5) (855.3) Total $ 805.0 $ 858.9

Debt and Finance Lease Obliga_2

Debt and Finance Lease Obligations (Tables)	3 Months Ended
	Mar. 31, 2021
Debt and Lease Obligation [Abstract]
Schedule of Debt	The U.S. dollar equivalents of the components of our debt are as follows: March 31, 2021 Estimated fair value (c) Principal amount Weighted Unused borrowing capacity (b) Borrowing currency US $ equivalent March 31, 2021 December 31, 2020 March 31, 2021 December 31, 2020 in millions Convertible Notes (d) 2.00 % — $ — $ 396.9 $ 381.8 $ 402.5 $ 402.5 C&W Notes 6.74 % — — 2,409.9 2,435.8 2,270.0 2,270.0 C&W Credit Facilities 2.78 % (e) 774.6 1,832.2 1,834.7 1,854.1 1,856.2 LPR Senior Secured Notes 6.12 % — — 2,212.1 1,389.4 2,110.0 1,290.0 LPR Credit Facilities 3.86 % $ 167.5 167.5 500.0 1,002.5 500.0 1,000.0 VTR Notes 5.38 % — — 1,570.8 1,239.7 1,500.0 1,150.0 VTR Credit Facilities — % (f) 262.6 — 243.8 — 244.5 Cabletica Credit Facilities (g) 8.55 % $ 15.0 15.0 119.1 119.3 119.7 119.6 Vendor financing (h) 2.33 % — — 169.5 168.1 169.5 168.1 Total debt before premiums, discounts and deferred financing costs 5.11 % $ 1,219.7 $ 9,210.5 $ 8,815.1 $ 8,925.8 $ 8,500.9 The following table provides a reconciliation of total debt before premiums, discounts and deferred financing costs to total debt and finance lease obligations: March 31, 2021 December 31, 2020 in millions Total debt before premiums, discounts and deferred financing costs $ 8,925.8 $ 8,500.9 Premiums, discounts and deferred financing costs, net (156.0) (157.1) Total carrying amount of debt 8,769.8 8,343.8 Finance lease obligations 13.1 13.4 Total debt and finance lease obligations 8,782.9 8,357.2 Less: Current maturities of debt and finance lease obligations (162.8) (161.9) Long-term debt and finance lease obligations $ 8,620.1 $ 8,195.3 (a) Represents the weighted average interest rate in effect at March 31, 2021 for all borrowings outstanding pursuant to each debt instrument, including any applicable margin. The interest rates presented 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 March 31, 2021 without regard to covenant compliance calculations or other conditions precedent to borrowing. At March 31, 2021, 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 March 31, 2021 compliance reporting requirements. At March 31, 2021, 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 average of applicable bid and ask prices (mostly Level 1 of the fair value hierarchy) or, when quoted market prices are unavailable or not considered indicative of fair value, discounted cash flow models (mostly Level 2 of the fair value hierarchy). The discount rates used in the cash flow models are based on the market interest rates and estimated credit spreads of the applicable entity, to the extent available, and other relevant factors. For additional information regarding fair value hierarchies, see note 6. (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 value ascribed to the instrument’s conversion option. At March 31, 2021, the carrying value of the Convertible Notes was $346 million and the unamortized debt discount on the Convertible Notes was $54 million. (e) The C&W Credit Facilities unused borrowing capacity comprise certain U.S. dollar and Trinidad & Tobago dollar revolving credit facilities. (f) The VTR Credit Facilities unused borrowing capacity comprises U.S. dollar and CLP revolving credit facilities. (g) The Cabletica Credit Facilities comprise certain Costa Rican colón and U.S. dollar term loans and a U.S. dollar revolving credit facility. (h) Represents amounts owed pursuant to interest-bearing vendor financing arrangements that are used to finance certain of our operating expenses and property and equipment additions. These obligations are generally due within one year and include VAT that were paid on our behalf by the vendor. Our operating expenses include $26 million and $33 million for the three months ended March 31, 2021 and 2020, respectively, that were financed by an intermediary and are reflected on the borrowing date as a hypothetical cash outflow within net cash provided by operating activities and a hypothetical cash inflow within net cash provided by financing activities in our condensed 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 condensed consolidated statements of cash flows.
Schedule of Line of Credit Facilities	The general terms of the notes we issued and credit facilities we entered into or amended during 2021 are as follows: Borrowing group Issued at Interest rate Borrowing Non-cash component (a) Instrument Maturity in millions Liberty Puerto Rico 2029 LPR Senior Secured Notes 100% July 15, 2029 5.125% $ 820.0 $ 500.0 Liberty Puerto Rico 2028 LPR Term Loan 100% October 15, 2028 LIBOR + 3.75% $ 500.0 $ 500.0 Liberty Puerto Rico LPR Revolving Credit Facility N/A March 15, 2027 LIBOR + 3.5% (b) N/A VTR 2029 VTR Senior Secured Notes 100% April 15, 2029 4.375% $ 410.0 $ 60.0 VTR VTR RCF – A N/A June 15, 2026 TAB + 3.35% $ — N/A N/A — Not applicable. (a) Represents the non-cash component of the financing, if any. Non-cash activity relates to cash borrowed 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 outstanding debt instruments within the same borrowing group. (b) Total commitments under the LPR Revolving Credit Facility were increased by $43 million. During 2021, we made repayments on the following debt instruments: Borrowing group Redemption price Principal amount repaid Non-cash component (b) Loss on debt extinguishment Instrument Borrowing currency USD equivalent (a) in millions Liberty Puerto Rico 2026 SPV Credit Facility 100% $ 1,000.0 $ 1,000.0 $ 1,000.0 $ 14.3 VTR 2028 VTR Senior Secured Notes 103% $ 60.0 $ 60.0 $ 60.0 $ 2.1 VTR VTR TLB-1 Facility 100% CLP 140,900.0 $ 196.4 $ — $ 5.6 VTR VTR TLB-2 Facility 100% CLP 33,100.0 $ 46.1 $ — $ 1.3 (a) Translated at the transaction date, if applicable. (b) Represents the non-cash component of the repayment, if any. Non-cash activity relates to cash repayments 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 outstanding debt instruments within the same borrowing group.
Schedule of Maturities of Debt	Maturities of our debt as of March 31, 2021 are presented below. Amounts presented below represent U.S. dollar equivalents based on March 31, 2021 exchange rates: C&W Liberty Puerto Rico VTR Cabletica Liberty Latin America (a) Consolidated in millions Years ending December 31: 2021 (remainder of year) $ 48.9 $ — $ 72.7 $ — $ 0.4 $ 122.0 2022 29.2 — 24.7 — 0.6 54.5 2023 124.6 — — — 0.8 125.4 2024 61.3 — — 119.7 403.0 584.0 2025 144.6 — — — — 144.6 2026 500.6 — — — — 500.6 Thereafter 3,284.7 2,610.0 1,500.0 — — 7,394.7 Total debt maturities 4,193.9 2,610.0 1,597.4 119.7 404.8 8,925.8 Premiums, discounts and deferred financing costs, net (28.9) (39.9) (24.2) (6.3) (56.7) (156.0) Total debt $ 4,165.0 $ 2,570.1 $ 1,573.2 $ 113.4 $ 348.1 $ 8,769.8 Current portion $ 63.3 $ — $ 97.4 $ — $ 0.4 $ 161.1 Noncurrent portion $ 4,101.7 $ 2,570.1 $ 1,475.8 $ 113.4 $ 347.7 $ 8,608.7 (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.

Leases (Tables)

Leases (Tables)	3 Months Ended
	Mar. 31, 2021
Leases [Abstract]
Operating Lease Expense	The following table provides details of our operating lease expense: Three months ended March 31, 2021 2020 in millions Operating lease expense: Operating lease cost $ 21.9 $ 11.8 Short-term lease cost 4.0 2.8 Total operating lease expense $ 25.9 $ 14.6 Our operating lease expense is included in facility, provision, franchise and other expense, in other operating costs and expenses, in our condensed consolidated statements of operations.
Certain Other Details of Operating Leases Assets and Liabilities	Certain other details of our operating leases are set forth in the tables below: March 31, December 31, in millions Operating lease right-of-use assets $ 305.5 $ 328.6 Operating lease liabilities: Current $ 60.8 $ 63.2 Noncurrent 261.6 269.7 Total operating lease liabilities $ 322.4 $ 332.9 Weighted-average remaining lease term 7.1 years 7.2 years Weighted-average discount rate 5.4 % 5.6 % Three months ended March 31, 2021 2020 in millions Operating cash flows from operating leases $ 20.3 $ 10.1 Right-of-use assets obtained in exchange for new operating lease liabilities (a) $ 10.3 $ 19.7 (a) Represents non-cash transactions associated with operating leases entered into during the three months ended March 31, 2021 and 2020, respectively.
Maturities of Operating Lease Liabilities	Maturities of our operating lease liabilities as of March 31, 2021 are presented below. Amounts presented below represent U.S. dollar equivalents (in millions) based on March 31, 2021 exchange rates. Years ending December 31: 2021 (remainder of year) $ 58.0 2022 64.7 2023 53.1 2024 45.6 2025 34.7 2026 30.8 Thereafter 105.6 Total operating lease liabilities on an undiscounted basis 392.5 Amount representing interest (70.1) Present value of operating lease liabilities $ 322.4

Programming and Other Direct _2

Programming and Other Direct Costs of Services (Tables)	3 Months Ended
	Mar. 31, 2021
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. Three months ended March 31, 2021 2020 in millions Programming and copyright $ 111.8 $ 100.6 Interconnect 66.4 66.3 Equipment and other 102.0 43.9 Total programming and other direct costs $ 280.2 $ 210.8

Other Operating Costs and Exp_2

Other Operating Costs and Expenses (Tables)	3 Months Ended
	Mar. 31, 2021
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. Three months ended March 31, 2021 2020 in millions Personnel and contract labor $ 138.4 $ 124.5 Network-related 77.2 63.9 Service-related 47.5 38.3 Commercial 52.4 42.1 Facility, provision, franchise and other 114.9 87.5 Share-based compensation expense 23.0 23.8 Total other operating costs and expenses $ 453.4 $ 380.1

Earnings or Loss per Share (Tab

Earnings or Loss per Share (Tables)	3 Months Ended
	Mar. 31, 2021
Earnings Per Share [Abstract]
Schedule of Weighted Average Shares Outstanding	The details of our weighted average shares outstanding are set forth below: Three months ended March 31, 2021 2020 Weighted average shares outstanding: Basic 232,410,514 184,950,252 Diluted 252,970,163 184,950,252
Schedule of Earnings Per Share	The details of the calculations of our basic and diluted EPS for the three months ended March 31, 2021 are set forth below in millions, except for share amounts: Numerator: Net earnings attributable to holders of Liberty Latin America Shares (basic EPS computation) $ 87.8 Add back: interest expense and amortization of deferred financing costs and premiums associated with Convertible Notes (if-converted method) 5.9 Net earnings attributable to holders of Liberty Latin America Shares (diluted EPS computation) $ 93.7 Denominator: Weighted average shares (basic EPS computation) 232,410,514 Incremental shares attributable to the release of PSUs and RSUs upon vesting (treasury stock method) 1,065,970 Number of shares issuable under our Convertible Notes (if-converted method) 19,493,679 Weighted average shares (diluted EPS computation) 252,970,163

Commitments and Contingencies (

Commitments and Contingencies (Tables)	3 Months Ended
	Mar. 31, 2021
Commitments and Contingencies Disclosure [Abstract]
Schedule of Commitments	The following table sets forth the U.S. dollar equivalents of such commitments as of March 31, 2021: Payments due during: Remainder of 2021 2022 2023 2024 2025 2026 Thereafter Total in millions Programming commitments $ 108.9 $ 90.6 $ 52.8 $ 43.1 $ 0.5 $ — $ — $ 295.9 Network and connectivity commitments 58.0 13.5 10.5 9.1 6.3 1.9 7.3 106.6 Purchase commitments 177.2 21.4 16.6 — — — — 215.2 Other commitments 8.3 1.8 1.6 1.5 1.4 1.4 7.0 23.0 Total (a) $ 352.4 $ 127.3 $ 81.5 $ 53.7 $ 8.2 $ 3.3 $ 14.3 $ 640.7 (a) The commitments included in this table do not reflect any liabilities that are included in our March 31, 2021 condensed consolidated balance sheet.

Segment Reporting (Tables)

Segment Reporting (Tables)	3 Months Ended
	Mar. 31, 2021
Segment Reporting, Measurement Disclosures [Abstract]
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 Cabletica and certain subsidiaries of C&W that are not wholly-owned, we include 100% of the revenue and expenses of these entities in our condensed 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 C&W and (ii) Cabletica are reflected in net earnings or loss attributable to noncontrolling interests in our condensed consolidated statements of operations. Revenue Three months ended March 31, 2021 2020 in millions C&W Caribbean and Networks $ 429.8 $ 452.0 C&W Panama 122.0 138.3 Liberty Puerto Rico 361.3 104.6 VTR 210.3 206.4 Cabletica 36.2 33.7 Corporate 5.4 — Intersegment eliminations (5.1) (4.0) Total $ 1,159.9 $ 931.0 Adjusted OIBDA Three months ended March 31, 2021 2020 in millions C&W Caribbean and Networks $ 181.3 $ 187.0 C&W Panama 44.0 45.8 Liberty Puerto Rico 149.9 50.5 VTR 70.5 80.1 Cabletica 14.1 13.3 Corporate (10.5) (12.8) Total $ 449.3 $ 363.9
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 earnings (loss) before income taxes: Three months ended March 31, 2021 2020 in millions Total Adjusted OIBDA $ 449.3 $ 363.9 Share-based compensation expense (23.0) (23.8) Depreciation and amortization (245.9) (213.5) Impairment, restructuring and other operating items, net (2.2) (18.8) Operating income 178.2 107.8 Interest expense (126.4) (143.3) Realized and unrealized gains on derivative instruments, net 114.9 17.4 Foreign currency transaction losses, net (25.4) (164.3) Losses on debt extinguishment (23.3) (3.4) Other income (expense), net (0.6) 6.8 Earnings (loss) before income taxes $ 117.4 $ (179.0)
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 expenditure amounts included in our condensed consolidated statements of cash flows. For additional information concerning capital additions financed under vendor financing, see note 7. Three months ended March 31, 2021 2020 in millions C&W Caribbean and Networks $ 49.6 $ 57.3 C&W Panama 10.7 13.2 Liberty Puerto Rico 33.7 13.3 VTR 46.7 40.9 Cabletica 7.3 4.0 Corporate 4.4 4.2 Total property and equipment additions 152.4 132.9 Assets acquired under capital-related vendor financing arrangements (18.8) (23.6) Changes in current liabilities related to capital expenditures 2.0 39.9 Total capital expenditures $ 135.6 $ 149.2
Revenue by Major Category	Three months ended March 31, 2021 C&W Caribbean and Networks C&W Panama Liberty Puerto Rico VTR Cabletica Corporate (a) Intersegment Eliminations Total in millions Residential revenue: Residential fixed revenue: Subscription revenue: Video $ 34.3 $ 6.2 $ 38.6 $ 78.3 $ 19.5 $ — $ — $ 176.9 Broadband internet 66.6 10.7 61.4 84.8 14.0 — — 237.5 Fixed-line telephony 16.5 4.3 7.0 20.0 1.1 — — 48.9 Total subscription revenue 117.4 21.2 107.0 183.1 34.6 — — 463.3 Non-subscription revenue 10.7 2.5 4.2 3.4 1.6 — — 22.4 Total residential fixed revenue 128.1 23.7 111.2 186.5 36.2 — — 485.7 Residential mobile revenue: Service revenue 71.8 39.3 117.4 13.2 — — — 241.7 Interconnect, inbound roaming, equipment sales and other (b) 11.4 10.3 72.1 2.3 — 5.4 — 101.5 Total residential mobile revenue 83.2 49.6 189.5 15.5 — 5.4 — 343.2 Total residential revenue 211.3 73.3 300.7 202.0 36.2 5.4 — 828.9 B2B revenue: Service revenue (c) 150.8 48.7 52.1 8.3 — — (1.1) 258.8 Subsea network revenue 67.7 — — — — — (4.0) 63.7 Total B2B revenue 218.5 48.7 52.1 8.3 — — (5.1) 322.5 Other revenue (d) — — 8.5 — — — — 8.5 Total $ 429.8 $ 122.0 $ 361.3 $ 210.3 $ 36.2 $ 5.4 $ (5.1) $ 1,159.9 (a) Amount relates to services we provide for mobile handset insurance following the closing of the AT&T Acquisition. (b) The total amount includes $24 million of inbound roaming revenue and $57 million of revenue from sales of mobile handsets and other devices. (c) The total amount includes $3 million of revenue from sales of mobile handsets and other devices to B2B mobile customers. (d) Amount relates to revenue received from the FCC related to Liberty Mobile following the closing of the AT&T Acquisition. Three months ended March 31, 2020 C&W Caribbean and Networks C&W Panama Liberty Puerto Rico VTR Cabletica Intersegment Eliminations Total in millions Residential revenue: Residential fixed revenue: Subscription revenue: Video $ 37.3 $ 7.6 $ 35.3 $ 75.6 $ 19.4 $ — $ 175.2 Broadband internet 61.4 9.6 45.5 81.9 12.5 — 210.9 Fixed-line telephony 19.3 5.0 5.9 19.6 0.7 — 50.5 Total subscription revenue 118.0 22.2 86.7 177.1 32.6 — 436.6 Non-subscription revenue 13.1 3.8 4.6 4.9 1.1 — 27.5 Total residential fixed revenue 131.1 26.0 91.3 182.0 33.7 — 464.1 Residential mobile revenue: Service revenue 78.8 44.2 — 14.6 — — 137.6 Interconnect, inbound roaming, equipment sales and other (a) 13.7 11.8 — 2.0 — — 27.5 Total residential mobile revenue 92.5 56.0 — 16.6 — — 165.1 Total residential revenue 223.6 82.0 91.3 198.6 33.7 — 629.2 B2B revenue: Service revenue (b) 157.7 56.3 13.3 7.8 — (0.9) 234.2 Subsea network revenue 70.7 — — — — (3.1) 67.6 Total B2B revenue 228.4 56.3 13.3 7.8 — (4.0) 301.8 Total $ 452.0 $ 138.3 $ 104.6 $ 206.4 $ 33.7 $ (4.0) $ 931.0 (a) The total amount includes $8 million of inbound roaming revenue and $10 million of revenue from sales of mobile handsets and other devices. (b) The total amount includes $3 million of revenue from sales of mobile handsets and other devices.
Revenue by Geographic Segments	The revenue from third-party customers for our geographic markets is set forth in the table below. Three months ended March 31, 2021 2020 in millions Puerto Rico $ 347.3 $ 104.3 Chile 210.3 206.4 Panama 121.4 137.7 Networks & LatAm (a) 90.4 95.0 Jamaica 97.3 96.1 The Bahamas 45.0 49.3 Barbados 33.9 36.7 Trinidad and Tobago 39.7 40.8 Curacao 34.3 39.6 Costa Rica 36.2 33.7 Other (b) 104.1 91.4 Total $ 1,159.9 $ 931.0 (a) The amounts represent managed services and wholesale revenue from various jurisdictions across Latin America and the Caribbean, primarily related to the sale and lease of telecommunications capacity on C&W’s subsea and terrestrial fiber optic cable networks.

Basis of Presentation (Details)

Basis of Presentation (Details)	Mar. 31, 2021marketcountry
Residential and Business-to-Business Services
Basis of Presentation [Line Items]
Number of countries in which entity provides services (over) | country	20
C&W | Wholesale Communication Services
Basis of Presentation [Line Items]
Number of markets (over) | market	40

Current Expected Credit Losse_2

Current Expected Credit Losses - Changes in Allowance for Credit Loss (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020
Accounts Receivable, Allowance for Credit Loss [Roll Forward]
Balance at beginning of period	$ 100	$ 87.3
Provision for expected losses	12.3	15.7
Write-offs	(13.5)	(10.3)
Foreign currency translation adjustments and other	(3.9)	6.5
Balance at end of period	$ 94.9	$ 99.2

Acquisitions - Narrative (Detai

Acquisitions - Narrative (Details) $ in Millions	Oct. 31, 2020	Jul. 30, 2020USD ($)	Mar. 31, 2021USD ($)
Business Acquisition [Line Items]
Termination period	60
B2 B Operations In Puerto Rico
Business Acquisition [Line Items]
Stated purchase price			$ 22
Gain on sale of business			$ 9
Telefónica S.A. Acquisition
Business Acquisition [Line Items]
Enterprise value		$ 500
AT&T Acquisition
Business Acquisition [Line Items]
Transitional services term	36 months

Acquisitions - Preliminary Open

Acquisitions - Preliminary Opening Balance Sheet (Details) - USD ($) $ in Millions	Oct. 31, 2020	Dec. 31, 2020	Dec. 31, 2019	Mar. 31, 2021
Business Acquisition [Line Items]
Goodwill		$ 4,885.5		$ 4,814.1
Intangible assets not subject to amortization		1,465.6		$ 1,465.4
AT&T Acquisition
Business Acquisition [Line Items]
Trade receivables	$ 52.8
Prepaid expenses	0.1
Other current assets	102.7
Goodwill	317.7
Property and equipment	768.6
Intangible assets subject to amortization, net	82.7
Intangible assets not subject to amortization	894.4
Other assets	272.6
Accounts payable	(3)
Current portion of debt and finance lease obligations	(0.2)
Other accrued and current liabilities	(64.3)
Long-term debt and finance lease obligations	(10.6)
Non-current deferred tax liabilities	(313.8)
Other long-term liabilities	(167.3)
Total purchase price	1,932.4
Current EIP receivables	67
Noncurrent EIP receivables	39
Right-of-use assets acquired	182
Current operating lease liabilities assumed	33
Noncurrent operating lease liabilities assumed	$ 163
Direct acquisition costs		$ 51	$ 5
AT&T Acquisition | Customer relationships
Business Acquisition [Line Items]
Weighted average useful life of acquired intangible assets	10 years

Acquisitions - Pro Forma Inform

Acquisitions - Pro Forma Information (Details) $ in Millions	3 Months Ended
	Mar. 31, 2020USD ($)
Business Combinations [Abstract]
Revenue	$ 1,143
Net loss attributable to Liberty Latin America shareholders	$ (153.3)

Derivative Instruments - Fair V

Derivative Instruments - Fair Values of Derivative Assets and Liabilities (Details) - USD ($) $ in Millions	Mar. 31, 2021	Dec. 31, 2020
Assets:
Current	$ 0.7	$ 0.7
Long-term	20.6	4.4
Total	21.3	5.1
Liabilities:
Current	77.7	90.2
Long-term	240.8	403
Total	318.5	493.2
Cross-currency and interest rate derivative contracts
Assets:
Current	0.6	0.7
Long-term	20.6	4.4
Total	21.2	5.1
Liabilities:
Current	64.7	71.4
Long-term	239.8	403
Total	304.5	474.4
Foreign currency forward contracts
Assets:
Current	0.1	0
Long-term	0	0
Total	0.1	0
Liabilities:
Current	13	18.8
Long-term	1	0
Total	$ 14	$ 18.8

Derivative Instruments - Narrat

Derivative Instruments - Narrative (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020
Cross currency interest rate contract - credit risk valuation adjustments
Derivative Instruments, Gain (Loss) [Line Items]
Gain (loss) on credit risk derivatives	$ (21)	$ 33
Interest Rate Floor
Derivative Instruments, Gain (Loss) [Line Items]
Notional amount of derivative	$ 500
Weighted average remaining life	7 years 6 months

Derivative Instruments - Realiz

Derivative Instruments - Realized and Unrealized Gains (Losses) on Derivatives (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020
Derivative [Line Items]
Gain (loss) on derivative instruments, net	$ 114.9	$ 17.4
Cross-currency and interest rate derivative contracts
Derivative [Line Items]
Gain (loss) on derivative instruments, net	119.5	9.3
Foreign currency forward contracts
Derivative [Line Items]
Gain (loss) on derivative instruments, net	0.7	10.5
Weather Derivatives
Derivative [Line Items]
Gain (loss) on derivative instruments, net	$ (5.3)	$ (2.4)

Derivative Instruments - Net Ca

Derivative Instruments - Net Cash Received (Paid) Related to Derivatives (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020
Derivative [Line Items]
Operating activities	$ (23.8)	$ 4
Investing activities	(0.7)	2.8
Financing activities (a)	(43)	(4.3)
Total	(67.5)	$ 2.5
Interest Rate Swap | VTR
Derivative [Line Items]
Financing activities (a)	(11)
Interest Rate Swap | Liberty Puerto Rico
Derivative [Line Items]
Financing activities (a)	$ (32)

Derivative Instruments - Cross-

Derivative Instruments - Cross-currency Derivative Contracts (Details) - 3 months ended Mar. 31, 2021 $ in Millions, $ in Millions, $ in Millions	USD ($)	COP ($)	CLP ($)
Cross-Currency Swap 1 | C&W
Derivative [Line Items]
Weighted average remaining life	5 years 3 months 18 days
Cross-Currency Swap 2 | VTR
Derivative [Line Items]
Weighted average remaining life	5 years 6 months
Notional amount due from counterparty | Cross-Currency Swap 1 | C&W
Derivative [Line Items]
Notional amount of derivative	$ 56.3
Notional amount due from counterparty | Cross-Currency Swap 2 | VTR
Derivative [Line Items]
Notional amount of derivative	$ 1,440
Notional amount due to counterparty | Cross-Currency Swap 1 | C&W
Derivative [Line Items]
Notional amount of derivative		$ 197,014.1
Notional amount due to counterparty | Cross-Currency Swap 2 | VTR
Derivative [Line Items]
Notional amount of derivative			$ 1,145,413

Derivative Instruments - Intere

Derivative Instruments - Interest Rate Derivative Contracts (Details) - 3 months ended Mar. 31, 2021 ₡ in Millions, $ in Millions, $ in Millions	USD ($)	CLP ($)	CRC (₡)
Interest Rate Swap | C&W
Derivative [Line Items]
Notional amount of derivative	$ 2,250
Weighted average remaining life	6 years 6 months
Interest Rate Swap | Liberty Puerto Rico
Derivative [Line Items]
Notional amount of derivative	$ 500
Weighted average remaining life	7 years 6 months
Interest Rate Swap | Cabletica
Derivative [Line Items]
Notional amount of derivative	$ 53.5
Weighted average remaining life	2 years 3 months 18 days
Basis Swap | C&W
Derivative [Line Items]
Notional amount of derivative	$ 1,510
Weighted average remaining life	9 months 18 days
Basis Swap | Liberty Puerto Rico
Derivative [Line Items]
Notional amount of derivative	$ 500
Weighted average remaining life	9 months 18 days
Foreign currency forward contracts | Cabletica
Derivative [Line Items]
Notional amount of derivative	$ 8.8		₡ 5,461.1
Weighted average remaining life	2 months 12 days
Foreign currency forward contracts | VTR
Derivative [Line Items]
Notional amount of derivative	$ 230.9	$ 175,956.8
Weighted average remaining life	8 months 12 days

Fair Value Measurements (Detail

Fair Value Measurements (Details) - Level 3 - Derivative Financial Instruments, Liabilities - Sable Currency Swaps - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020	Dec. 31, 2020
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Derivative instrument liability			$ 1
Net gains (losses) recorded in earnings	$ (1)	$ 10

Long-lived Assets - Goodwill (D

Long-lived Assets - Goodwill (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2021	Dec. 31, 2020
Goodwill [Roll Forward]
Beginning balance	$ 4,885.5
Acquisitions and related adjustments	(34.5)
Foreign currency translation adjustments and other	(36.9)
Ending balance	4,814.1
Accumulated goodwill impairments	1,624	$ 1,624
C&W Caribbean and Networks
Goodwill [Roll Forward]
Beginning balance	3,112
Acquisitions and related adjustments	0
Foreign currency translation adjustments and other	(33.5)
Ending balance	3,078.5
C&W Panama
Goodwill [Roll Forward]
Beginning balance	617.1
Acquisitions and related adjustments	0
Foreign currency translation adjustments and other	0
Ending balance	617.1
Liberty Puerto Rico
Goodwill [Roll Forward]
Beginning balance	629.9
Acquisitions and related adjustments	(34.5)
Foreign currency translation adjustments and other	0
Ending balance	595.4
VTR
Goodwill [Roll Forward]
Beginning balance	374.6
Acquisitions and related adjustments	0
Foreign currency translation adjustments and other	(3.6)
Ending balance	371
Cabletica
Goodwill [Roll Forward]
Beginning balance	151.9
Acquisitions and related adjustments	0
Foreign currency translation adjustments and other	0.2
Ending balance	$ 152.1

Long-lived Assets - Property an

Long-lived Assets - Property and Equipment, Net (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020	Dec. 31, 2020
Property, Plant and Equipment [Line Items]
Property and equipment, gross	$ 9,092.4		$ 8,739.7
Accumulated depreciation	(4,201.1)		(3,828.3)
Total	4,891.3		4,911.4
Non-cash increases related to vendor financing arrangements	18.8	$ 23.6
Distribution systems
Property, Plant and Equipment [Line Items]
Property and equipment, gross	5,348.3		5,082.9
CPE
Property, Plant and Equipment [Line Items]
Property and equipment, gross	1,961.9		1,935.5
Support equipment, buildings and land
Property, Plant and Equipment [Line Items]
Property and equipment, gross	$ 1,782.2		$ 1,721.3

Long-lived Assets - Intangible

Long-lived Assets - Intangible Assets Subject to Amortization, Net (Details) - USD ($) $ in Millions	Mar. 31, 2021	Dec. 31, 2020
Statement [Line Items]
Gross carrying amount	$ 1,709.5	$ 1,714.2
Accumulated amortization	(904.5)	(855.3)
Total	805	858.9
Customer relationships
Statement [Line Items]
Gross carrying amount	1,551.1	1,554.8
Licenses and other
Statement [Line Items]
Gross carrying amount	$ 158.4	$ 159.4

Debt and Finance Lease Obliga_3

Debt and Finance Lease Obligations - Components of Debt (Details) - USD ($) $ in Millions	Mar. 31, 2021	Dec. 31, 2020
Debt Instrument [Line Items]
Weighted average interest rate	5.11%
Unused borrowing capacity	$ 1,219.7
Estimated fair value	9,210.5	$ 8,815.1
Total debt before premiums, discounts and deferred financing costs	8,925.8	8,500.9
Premiums, discounts and deferred financing costs, net	(156)	(157.1)
Total carrying amount of debt	8,769.8	8,343.8
Finance lease obligations	13.1	13.4
Total debt and finance lease obligations	8,782.9	8,357.2
Less: Current maturities of debt and finance lease obligations	(162.8)	(161.9)
Long-term debt and finance lease obligations	$ 8,620.1	8,195.3
Convertible Debt | Convertible Notes
Debt Instrument [Line Items]
Weighted average interest rate	2.00%
Unused borrowing capacity	$ 0
Estimated fair value	396.9	381.8
Total debt before premiums, discounts and deferred financing costs	$ 402.5	402.5
Senior Notes | C&W Notes
Debt Instrument [Line Items]
Weighted average interest rate	6.74%
Unused borrowing capacity	$ 0
Estimated fair value	2,409.9	2,435.8
Total debt before premiums, discounts and deferred financing costs	$ 2,270	2,270
Line of Credit | C&W Credit Facilities
Debt Instrument [Line Items]
Weighted average interest rate	2.78%
Unused borrowing capacity	$ 774.6
Estimated fair value	1,832.2	1,834.7
Total debt before premiums, discounts and deferred financing costs	$ 1,854.1	1,856.2
Line of Credit | LPR Senior Secured Notes
Debt Instrument [Line Items]
Weighted average interest rate	6.12%
Unused borrowing capacity	$ 0
Estimated fair value	2,212.1	1,389.4
Total debt before premiums, discounts and deferred financing costs	$ 2,110	1,290
Line of Credit | LPR Credit Facilities
Debt Instrument [Line Items]
Weighted average interest rate	3.86%
Unused borrowing capacity	$ 167.5
Estimated fair value	500	1,002.5
Total debt before premiums, discounts and deferred financing costs	$ 500	1,000
Line of Credit | VTR Credit Facilities
Debt Instrument [Line Items]
Weighted average interest rate	0.00%
Unused borrowing capacity	$ 262.6
Estimated fair value	0	243.8
Total debt before premiums, discounts and deferred financing costs	$ 0	244.5
Line of Credit | Cabletica Credit Facilities
Debt Instrument [Line Items]
Weighted average interest rate	8.55%
Unused borrowing capacity	$ 15
Estimated fair value	119.1	119.3
Total debt before premiums, discounts and deferred financing costs	$ 119.7	119.6
Medium-term Notes | VTR Notes
Debt Instrument [Line Items]
Weighted average interest rate	5.38%
Unused borrowing capacity	$ 0
Estimated fair value	1,570.8	1,239.7
Total debt before premiums, discounts and deferred financing costs	$ 1,500	1,150
Unsecured Debt | Vendor financing
Debt Instrument [Line Items]
Weighted average interest rate	2.33%
Unused borrowing capacity	$ 0
Estimated fair value	169.5	168.1
Total debt before premiums, discounts and deferred financing costs	$ 169.5	$ 168.1

Debt and Finance Lease Obliga_4

Debt and Finance Lease Obligations - Components of Debt Narrative (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020
Convertible Notes
Debt Instrument [Line Items]
Carrying amount of convertible note	$ 346
Unamortized debt discount	$ 54
Convertible Debt | Convertible Notes
Debt Instrument [Line Items]
Interest rate	6.70%
Unsecured Debt | Vendor Financing Obligations
Debt Instrument [Line Items]
General term of vendor financing arrangements for amounts due	1 year	1 year
Operating expenses financed by intermediary	$ 26	$ 33

Debt and Finance Lease Obliga_5

Debt and Finance Lease Obligations - VTR Finance Senior Note (Details) $ in Millions	3 Months Ended
	Mar. 31, 2021USD ($)	Mar. 31, 2020USD ($)	Mar. 31, 2021CLP ($)	Dec. 31, 2020USD ($)
Debt Instrument [Line Items]
Principal amount repaid	$ 8,925,800,000			$ 8,500,900,000
Loss on debt extinguishment	$ 23,300,000	$ 3,400,000
2029 LPR Senior Secured Notes | Senior Notes
Debt Instrument [Line Items]
Issued at	100.00%		100.00%
Interest rate	5.125%		5.125%
Borrowing	$ 820,000,000
Non-cash component	$ 500,000,000
2028 LPR Term Loan | Medium-term Notes
Debt Instrument [Line Items]
Issued at	100.00%		100.00%
Borrowing	$ 500,000,000
Non-cash component	$ 500,000,000
2028 LPR Term Loan | Medium-term Notes | LIBOR
Debt Instrument [Line Items]
Interest rate	3.75%
LPR Revolving Credit Facility | Line of Credit
Debt Instrument [Line Items]
Borrowing	$ 43,000,000
LPR Revolving Credit Facility | Line of Credit | LIBOR
Debt Instrument [Line Items]
Interest rate	3.50%
2029 VTR Senior Secured Notes | Senior Notes
Debt Instrument [Line Items]
Issued at	100.00%		100.00%
Interest rate	4.375%		4.375%
Borrowing	$ 410,000,000
Non-cash component	60,000,000
VTR RCF – A | Line of Credit
Debt Instrument [Line Items]
Borrowing	$ 0
VTR RCF – A | Line of Credit | TAB
Debt Instrument [Line Items]
Interest rate	3.35%
2026 SPV Credit Facility | Line of Credit
Debt Instrument [Line Items]
Non-cash component	$ 1,000,000,000
Redemption price	100.00%
Principal amount repaid	$ 1,000,000,000
Loss on debt extinguishment	14,300,000
2028 VTR Senior Secured Notes | Senior Notes
Debt Instrument [Line Items]
Non-cash component	$ 60,000,000
Redemption price	103.00%
Principal amount repaid	$ 60,000,000
Loss on debt extinguishment	2,100,000
VTR TLB-1 Facility | Medium-term Notes
Debt Instrument [Line Items]
Non-cash component	$ 0
Redemption price	100.00%
Principal amount repaid	$ 196,400,000		$ 140,900
Loss on debt extinguishment	5,600,000
VTR TLB-2 Facility | Medium-term Notes
Debt Instrument [Line Items]
Non-cash component	$ 0
Redemption price	100.00%
Principal amount repaid	$ 46,100,000		$ 33,100
Loss on debt extinguishment	$ 1,300,000

Debt and Finance Lease Obliga_6

Debt and Finance Lease Obligations - Maturities of Debt (Details) - USD ($) $ in Millions	Mar. 31, 2021	Dec. 31, 2020
Debt Instrument [Line Items]
Total debt maturities	$ 8,925.8	$ 8,500.9
Premiums, discounts and deferred financing costs, net	(156)	(157.1)
Total carrying amount of debt	8,769.8	$ 8,343.8
C&W
Debt Instrument [Line Items]
2021 (remainder of year)	48.9
2022	29.2
2023	124.6
2024	61.3
2025	144.6
2026	500.6
Thereafter	3,284.7
Total debt maturities	4,193.9
Premiums, discounts and deferred financing costs, net	(28.9)
Total carrying amount of debt	4,165
Current portion	63.3
Noncurrent portion	4,101.7
Liberty Puerto Rico
Debt Instrument [Line Items]
2021 (remainder of year)	0
2022	0
2023	0
2024	0
2025	0
2026	0
Thereafter	2,610
Total debt maturities	2,610
Premiums, discounts and deferred financing costs, net	(39.9)
Total carrying amount of debt	2,570.1
Current portion	0
Noncurrent portion	2,570.1
VTR
Debt Instrument [Line Items]
2021 (remainder of year)	72.7
2022	24.7
2023	0
2024	0
2025	0
2026	0
Thereafter	1,500
Total debt maturities	1,597.4
Premiums, discounts and deferred financing costs, net	(24.2)
Total carrying amount of debt	1,573.2
Current portion	97.4
Noncurrent portion	1,475.8
Cabletica
Debt Instrument [Line Items]
2021 (remainder of year)	0
2022	0
2023	0
2024	119.7
2025	0
2026	0
Thereafter	0
Total debt maturities	119.7
Premiums, discounts and deferred financing costs, net	(6.3)
Total carrying amount of debt	113.4
Current portion	0
Noncurrent portion	113.4
Liberty Latin America
Debt Instrument [Line Items]
2021 (remainder of year)	0.4
2022	0.6
2023	0.8
2024	403
2025	0
2026	0
Thereafter	0
Total debt maturities	404.8
Premiums, discounts and deferred financing costs, net	(56.7)
Total carrying amount of debt	348.1
Current portion	0.4
Noncurrent portion	347.7
Consolidated
Debt Instrument [Line Items]
2021 (remainder of year)	122
2022	54.5
2023	125.4
2024	584
2025	144.6
2026	500.6
Thereafter	7,394.7
Total debt maturities	8,925.8
Premiums, discounts and deferred financing costs, net	(156)
Total carrying amount of debt	8,769.8
Current portion	161.1
Noncurrent portion	$ 8,608.7

Leases - Lease Expense (Details

Leases - Lease Expense (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020
Leases [Abstract]
Operating lease cost	$ 21.9	$ 11.8
Short-term lease cost	4	2.8
Total operating lease expense	$ 25.9	$ 14.6

Leases - Operating Leases Asset

Leases - Operating Leases Assets and Liabilities (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020	Dec. 31, 2020
Leases [Abstract]
Operating lease right-of-use assets	$ 305.5		$ 328.6
Operating lease liabilities:
Current	60.8		63.2
Noncurrent	261.6		269.7
Total operating lease liabilities	$ 322.4		$ 332.9
Weighted-average remaining lease term	7 years 1 month 6 days		7 years 2 months 12 days
Weighted-average discount rate	5.40%		5.60%
Operating cash flows from operating leases	$ 20.3	$ 10.1
Right-of-use assets obtained in exchange for new operating lease liabilities	$ 10.3	$ 19.7
Operating Lease, Right-of-Use Asset, Statement of Financial Position [Extensible List]	us-gaap:OtherAssets		us-gaap:OtherAssets
Operating Lease, Liability, Current, Statement of Financial Position [Extensible List]	us-gaap:OtherLiabilitiesCurrent		us-gaap:OtherLiabilitiesCurrent
Operating Lease, Liability, Noncurrent, Statement of Financial Position [Extensible List]	Other long-term liabilities		Other long-term liabilities

Leases - Lease Maturities of Op

Leases - Lease Maturities of Operating Lease Liabilities (Details) - USD ($) $ in Millions	Mar. 31, 2021	Dec. 31, 2020
Operating leases
2021 (remainder of year)	$ 58
2022	64.7
2023	53.1
2024	45.6
2025	34.7
2026	30.8
Thereafter	105.6
Total operating lease liabilities on an undiscounted basis	392.5
Amount representing interest	(70.1)
Present value of operating lease liabilities	$ 322.4	$ 332.9

Unfulfilled Performance Oblig_2

Unfulfilled Performance Obligations (Details) $ in Millions	3 Months Ended
	Mar. 31, 2021USD ($)
Revenue from Contract with Customer [Abstract]
Unfulfilled performance obligations	$ 385
Unfulfilled performance obligations, term	six years

Programming and Other Direct _3

Programming and Other Direct Costs of Services (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020
Other Income and Expenses [Line Items]
Programming and other direct costs of services	$ 280.2	$ 210.8
Programming and copyright
Other Income and Expenses [Line Items]
Programming and other direct costs of services	111.8	100.6
Interconnect
Other Income and Expenses [Line Items]
Programming and other direct costs of services	66.4	66.3
Equipment and other
Other Income and Expenses [Line Items]
Programming and other direct costs of services	$ 102	$ 43.9

Other Operating Costs and Exp_3

Other Operating Costs and Expenses (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020
Other Income and Expenses [Abstract]
Personnel and contract labor	$ 138.4	$ 124.5
Network-related	77.2	63.9
Service-related	47.5	38.3
Commercial	52.4	42.1
Facility, provision, franchise and other	114.9	87.5
Share-based compensation expense	23	23.8
Total other operating costs and expenses	$ 453.4	$ 380.1

Income Taxes - Narrative (Detai

Income Taxes - Narrative (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020
Income Tax Disclosure [Abstract]
Income tax expense (benefit)	$ (28)	$ (5.6)
Effective income tax rate	(23.90%)	3.10%

Share-based Compensation - SARs

Share-based Compensation - SARs (Details) - PSUs shares in Millions	3 Months Ended
	Mar. 31, 2021$ / sharesshares
Common Class A
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Granted (in shares) | shares	0.7
Granted, weighted average grant-date fair value (in dollars per share) | $ / shares	$ 11.76
Common Class C
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Granted (in shares) | shares	1.3
Granted, weighted average grant-date fair value (in dollars per share) | $ / shares	$ 11.48

Earnings or Loss per Share (Det

Earnings or Loss per Share (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020
Weighted Average Number of Shares Outstanding Reconciliation [Abstract]
Weighted average shares (basic EPS computation) (in shares)	232,410,514	184,950,252
Weighted average shares (diluted EPS computation) (in shares)	252,970,163	184,950,252
Net earnings attributable to holders of Liberty Latin America Shares (basic EPS computation)	$ 87.8	$ (180.7)
Add back: interest expense and amortization of deferred financing costs and premiums associated with Convertible Notes (if-converted method)	5.9
Net earnings attributable to holders of Liberty Latin America Shares (diluted EPS computation)	$ 93.7
Incremental shares attributable to the release of PSUs and RSUs upon vesting (treasury stock method) (in shares)	1,065,970
Number of shares issuable under our Convertible Notes (if-converted method) (in shares)	19,493,679
Options, SARs and RSUs
Weighted Average Number of Shares Outstanding Reconciliation [Abstract]
Securities excluded (in shares)	17,600,000	22,100,000
PSUs
Weighted Average Number of Shares Outstanding Reconciliation [Abstract]
Securities excluded (in shares)	2,000,000	2,000,000

Equity - Share Repurchase Progr

Equity - Share Repurchase Program (Details) - USD ($)	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020	Mar. 16, 2020
Class of Stock [Line Items]
Stock repurchase program, authorized amount			$ 100,000,000
Number of shares repurchased (in shares)	0
Stock repurchased program, remaining authorized repurchase amount	$ 91,000,000
Common Class A
Class of Stock [Line Items]
Common stock, shares issued (in shares)	600,000
Number of shares repurchased (in shares)		55,338
Common Class C
Class of Stock [Line Items]
Common stock, shares issued (in shares)	1,200,000
Number of shares repurchased (in shares)		114,975

Commitments and Contingencies -

Commitments and Contingencies - Commitments (Details) $ in Millions	Mar. 31, 2021USD ($)
Purchase commitments
Remainder of 2021	$ 177.2
2022	21.4
2023	16.6
2024	0
2025	0
2026	0
Thereafter	0
Total	215.2
Other commitments
Remainder of 2021	8.3
2022	1.8
2023	1.6
2024	1.5
2025	1.4
2026	1.4
Thereafter	7
Total	23
Total
Remainder of 2021	352.4
2022	127.3
2023	81.5
2024	53.7
2025	8.2
2026	3.3
Thereafter	14.3
Total	640.7
Programming commitments
Programming and network commitments
Remainder of 2021	108.9
2022	90.6
2023	52.8
2024	43.1
2025	0.5
2026	0
Thereafter	0
Total	295.9
Network and connectivity commitments
Programming and network commitments
Remainder of 2021	58
2022	13.5
2023	10.5
2024	9.1
2025	6.3
2026	1.9
Thereafter	7.3
Total	$ 106.6

Segment Reporting - Narrative (

Segment Reporting - Narrative (Details)	3 Months Ended
	Mar. 31, 2021
Segment Reporting, Measurement Disclosures [Abstract]
Percentage of minority interest revenues and adjusted OBIDA 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%

Segment Reporting - Performance

Segment Reporting - Performance Measures (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020
Segment Reporting Information [Line Items]
Revenue	$ 1,159.9	$ 931
Adjusted OIBDA	449.3	363.9
Operating Segments | C&W Caribbean and Networks
Segment Reporting Information [Line Items]
Revenue	429.8	452
Adjusted OIBDA	181.3	187
Operating Segments | C&W Panama
Segment Reporting Information [Line Items]
Revenue	122	138.3
Adjusted OIBDA	44	45.8
Operating Segments | Liberty Puerto Rico
Segment Reporting Information [Line Items]
Revenue	361.3	104.6
Adjusted OIBDA	149.9	50.5
Operating Segments | VTR
Segment Reporting Information [Line Items]
Revenue	210.3	206.4
Adjusted OIBDA	70.5	80.1
Operating Segments | Cabletica
Segment Reporting Information [Line Items]
Revenue	36.2	33.7
Adjusted OIBDA	14.1	13.3
Corporate
Segment Reporting Information [Line Items]
Revenue	5.4	0
Adjusted OIBDA	(10.5)	(12.8)
Intersegment eliminations
Segment Reporting Information [Line Items]
Revenue	$ (5.1)	$ (4)

Segment Reporting - Reconciliat

Segment Reporting - Reconciliation of Operating Cash Flow to Earnings from Continuing Operations (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020
Segment Reporting, Measurement Disclosures [Abstract]
Total Adjusted OIBDA	$ 449.3	$ 363.9
Share-based compensation expense	(23)	(23.8)
Depreciation and amortization	(245.9)	(213.5)
Impairment, restructuring and other operating items, net	(2.2)	(18.8)
Operating income	178.2	107.8
Interest expense	(126.4)	(143.3)
Realized and unrealized gains on derivative instruments, net	114.9	17.4
Foreign currency transaction losses, net	(25.4)	(164.3)
Losses on debt extinguishment	(23.3)	(3.4)
Other income (expense), net	(0.6)	6.8
Earnings (loss) before income taxes	$ 117.4	$ (179)

Segment Reporting - Property an

Segment Reporting - Property and Equipment Additions of our Reportable Segments (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020
Segment Reporting Information [Line Items]
Total property and equipment additions	$ 152.4	$ 132.9
Assets acquired under capital-related vendor financing arrangements	(18.8)	(23.6)
Changes in current liabilities related to capital expenditures	2	39.9
Total capital expenditures	135.6	149.2
Corporate
Segment Reporting Information [Line Items]
Total property and equipment additions	4.4	4.2
C&W Caribbean and Networks | Operating Segments
Segment Reporting Information [Line Items]
Total property and equipment additions	49.6	57.3
C&W Panama | Operating Segments
Segment Reporting Information [Line Items]
Total property and equipment additions	10.7	13.2
Liberty Puerto Rico | Operating Segments
Segment Reporting Information [Line Items]
Total property and equipment additions	33.7	13.3
VTR | Operating Segments
Segment Reporting Information [Line Items]
Total property and equipment additions	46.7	40.9
Cabletica | Operating Segments
Segment Reporting Information [Line Items]
Total property and equipment additions	$ 7.3	$ 4

Segment Reporting - Revenue by

Segment Reporting - Revenue by Major Category (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020
Principal Transaction Revenue [Line Items]
Revenue	$ 1,159.9	$ 931
Total residential revenue
Principal Transaction Revenue [Line Items]
Revenue	828.9	629.2
Total residential fixed revenue
Principal Transaction Revenue [Line Items]
Revenue	485.7	464.1
Total subscription revenue
Principal Transaction Revenue [Line Items]
Revenue	463.3	436.6
Video
Principal Transaction Revenue [Line Items]
Revenue	176.9	175.2
Broadband internet
Principal Transaction Revenue [Line Items]
Revenue	237.5	210.9
Fixed-line telephony
Principal Transaction Revenue [Line Items]
Revenue	48.9	50.5
Non-subscription revenue
Principal Transaction Revenue [Line Items]
Revenue	22.4	27.5
Total residential mobile revenue
Principal Transaction Revenue [Line Items]
Revenue	343.2	165.1
Service revenue
Principal Transaction Revenue [Line Items]
Revenue	241.7	137.6
Interconnect, inbound roaming, equipment sales and other
Principal Transaction Revenue [Line Items]
Revenue	101.5	27.5
Total B2B revenue
Principal Transaction Revenue [Line Items]
Revenue	322.5	301.8
Service revenue
Principal Transaction Revenue [Line Items]
Revenue	258.8	234.2
Subsea network revenue
Principal Transaction Revenue [Line Items]
Revenue	63.7	67.6
Other revenue
Principal Transaction Revenue [Line Items]
Revenue	8.5
Interconnect, Roaming, Equipment Sales and Other | Revision of Prior Period, Reclassification, Adjustment
Principal Transaction Revenue [Line Items]
Revenue	24	8
Mobile Handset
Principal Transaction Revenue [Line Items]
Revenue	57	10
B2B Mobile Handset and Other Devices
Principal Transaction Revenue [Line Items]
Revenue	3	3
Operating Segments | C&W Caribbean and Networks
Principal Transaction Revenue [Line Items]
Revenue	429.8	452
Operating Segments | C&W Caribbean and Networks | Total residential revenue
Principal Transaction Revenue [Line Items]
Revenue	211.3	223.6
Operating Segments | C&W Caribbean and Networks | Total residential fixed revenue
Principal Transaction Revenue [Line Items]
Revenue	128.1	131.1
Operating Segments | C&W Caribbean and Networks | Total subscription revenue
Principal Transaction Revenue [Line Items]
Revenue	117.4	118
Operating Segments | C&W Caribbean and Networks | Video
Principal Transaction Revenue [Line Items]
Revenue	34.3	37.3
Operating Segments | C&W Caribbean and Networks | Broadband internet
Principal Transaction Revenue [Line Items]
Revenue	66.6	61.4
Operating Segments | C&W Caribbean and Networks | Fixed-line telephony
Principal Transaction Revenue [Line Items]
Revenue	16.5	19.3
Operating Segments | C&W Caribbean and Networks | Non-subscription revenue
Principal Transaction Revenue [Line Items]
Revenue	10.7	13.1
Operating Segments | C&W Caribbean and Networks | Total residential mobile revenue
Principal Transaction Revenue [Line Items]
Revenue	83.2	92.5
Operating Segments | C&W Caribbean and Networks | Service revenue
Principal Transaction Revenue [Line Items]
Revenue	71.8	78.8
Operating Segments | C&W Caribbean and Networks | Interconnect, inbound roaming, equipment sales and other
Principal Transaction Revenue [Line Items]
Revenue	11.4	13.7
Operating Segments | C&W Caribbean and Networks | Total B2B revenue
Principal Transaction Revenue [Line Items]
Revenue	218.5	228.4
Operating Segments | C&W Caribbean and Networks | Service revenue
Principal Transaction Revenue [Line Items]
Revenue	150.8	157.7
Operating Segments | C&W Caribbean and Networks | Subsea network revenue
Principal Transaction Revenue [Line Items]
Revenue	67.7	70.7
Operating Segments | C&W Caribbean and Networks | Other revenue
Principal Transaction Revenue [Line Items]
Revenue	0
Operating Segments | C&W Panama
Principal Transaction Revenue [Line Items]
Revenue	122	138.3
Operating Segments | C&W Panama | Total residential revenue
Principal Transaction Revenue [Line Items]
Revenue	73.3	82
Operating Segments | C&W Panama | Total residential fixed revenue
Principal Transaction Revenue [Line Items]
Revenue	23.7	26
Operating Segments | C&W Panama | Total subscription revenue
Principal Transaction Revenue [Line Items]
Revenue	21.2	22.2
Operating Segments | C&W Panama | Video
Principal Transaction Revenue [Line Items]
Revenue	6.2	7.6
Operating Segments | C&W Panama | Broadband internet
Principal Transaction Revenue [Line Items]
Revenue	10.7	9.6
Operating Segments | C&W Panama | Fixed-line telephony
Principal Transaction Revenue [Line Items]
Revenue	4.3	5
Operating Segments | C&W Panama | Non-subscription revenue
Principal Transaction Revenue [Line Items]
Revenue	2.5	3.8
Operating Segments | C&W Panama | Total residential mobile revenue
Principal Transaction Revenue [Line Items]
Revenue	49.6	56
Operating Segments | C&W Panama | Service revenue
Principal Transaction Revenue [Line Items]
Revenue	39.3	44.2
Operating Segments | C&W Panama | Interconnect, inbound roaming, equipment sales and other
Principal Transaction Revenue [Line Items]
Revenue	10.3	11.8
Operating Segments | C&W Panama | Total B2B revenue
Principal Transaction Revenue [Line Items]
Revenue	48.7	56.3
Operating Segments | C&W Panama | Service revenue
Principal Transaction Revenue [Line Items]
Revenue	48.7	56.3
Operating Segments | C&W Panama | Subsea network revenue
Principal Transaction Revenue [Line Items]
Revenue	0	0
Operating Segments | C&W Panama | Other revenue
Principal Transaction Revenue [Line Items]
Revenue	0
Operating Segments | Liberty Puerto Rico
Principal Transaction Revenue [Line Items]
Revenue	361.3	104.6
Operating Segments | Liberty Puerto Rico | Total residential revenue
Principal Transaction Revenue [Line Items]
Revenue	189.5	91.3
Operating Segments | Liberty Puerto Rico | Total residential fixed revenue
Principal Transaction Revenue [Line Items]
Revenue	111.2	91.3
Operating Segments | Liberty Puerto Rico | Total subscription revenue
Principal Transaction Revenue [Line Items]
Revenue	107	86.7
Operating Segments | Liberty Puerto Rico | Video
Principal Transaction Revenue [Line Items]
Revenue	38.6	35.3
Operating Segments | Liberty Puerto Rico | Broadband internet
Principal Transaction Revenue [Line Items]
Revenue	61.4	45.5
Operating Segments | Liberty Puerto Rico | Fixed-line telephony
Principal Transaction Revenue [Line Items]
Revenue	7	5.9
Operating Segments | Liberty Puerto Rico | Non-subscription revenue
Principal Transaction Revenue [Line Items]
Revenue	4.2	4.6
Operating Segments | Liberty Puerto Rico | Total residential mobile revenue
Principal Transaction Revenue [Line Items]
Revenue	189.5	0
Operating Segments | Liberty Puerto Rico | Service revenue
Principal Transaction Revenue [Line Items]
Revenue	117.4	0
Operating Segments | Liberty Puerto Rico | Interconnect, inbound roaming, equipment sales and other
Principal Transaction Revenue [Line Items]
Revenue	72.1	0
Operating Segments | Liberty Puerto Rico | Total B2B revenue
Principal Transaction Revenue [Line Items]
Revenue	52.1	13.3
Operating Segments | Liberty Puerto Rico | Service revenue
Principal Transaction Revenue [Line Items]
Revenue	52.1	13.3
Operating Segments | Liberty Puerto Rico | Subsea network revenue
Principal Transaction Revenue [Line Items]
Revenue	0	0
Operating Segments | Liberty Puerto Rico | Other revenue
Principal Transaction Revenue [Line Items]
Revenue	8.5
Operating Segments | VTR
Principal Transaction Revenue [Line Items]
Revenue	210.3	206.4
Operating Segments | VTR | Total residential revenue
Principal Transaction Revenue [Line Items]
Revenue	202	198.6
Operating Segments | VTR | Total residential fixed revenue
Principal Transaction Revenue [Line Items]
Revenue	186.5	182
Operating Segments | VTR | Total subscription revenue
Principal Transaction Revenue [Line Items]
Revenue	183.1	177.1
Operating Segments | VTR | Video
Principal Transaction Revenue [Line Items]
Revenue	78.3	75.6
Operating Segments | VTR | Broadband internet
Principal Transaction Revenue [Line Items]
Revenue	84.8	81.9
Operating Segments | VTR | Fixed-line telephony
Principal Transaction Revenue [Line Items]
Revenue	20	19.6
Operating Segments | VTR | Non-subscription revenue
Principal Transaction Revenue [Line Items]
Revenue	3.4	4.9
Operating Segments | VTR | Total residential mobile revenue
Principal Transaction Revenue [Line Items]
Revenue	15.5	16.6
Operating Segments | VTR | Service revenue
Principal Transaction Revenue [Line Items]
Revenue	13.2	14.6
Operating Segments | VTR | Interconnect, inbound roaming, equipment sales and other
Principal Transaction Revenue [Line Items]
Revenue	2.3	2
Operating Segments | VTR | Total B2B revenue
Principal Transaction Revenue [Line Items]
Revenue	8.3	7.8
Operating Segments | VTR | Service revenue
Principal Transaction Revenue [Line Items]
Revenue	8.3	7.8
Operating Segments | VTR | Subsea network revenue
Principal Transaction Revenue [Line Items]
Revenue	0	0
Operating Segments | VTR | Other revenue
Principal Transaction Revenue [Line Items]
Revenue	0
Operating Segments | Cabletica
Principal Transaction Revenue [Line Items]
Revenue	36.2	33.7
Operating Segments | Cabletica | Total residential revenue
Principal Transaction Revenue [Line Items]
Revenue	36.2	33.7
Operating Segments | Cabletica | Total residential fixed revenue
Principal Transaction Revenue [Line Items]
Revenue	36.2	33.7
Operating Segments | Cabletica | Total subscription revenue
Principal Transaction Revenue [Line Items]
Revenue	34.6	32.6
Operating Segments | Cabletica | Video
Principal Transaction Revenue [Line Items]
Revenue	19.5	19.4
Operating Segments | Cabletica | Broadband internet
Principal Transaction Revenue [Line Items]
Revenue	14	12.5
Operating Segments | Cabletica | Fixed-line telephony
Principal Transaction Revenue [Line Items]
Revenue	1.1	0.7
Operating Segments | Cabletica | Non-subscription revenue
Principal Transaction Revenue [Line Items]
Revenue	1.6	1.1
Operating Segments | Cabletica | Total residential mobile revenue
Principal Transaction Revenue [Line Items]
Revenue	0	0
Operating Segments | Cabletica | Service revenue
Principal Transaction Revenue [Line Items]
Revenue	0	0
Operating Segments | Cabletica | Interconnect, inbound roaming, equipment sales and other
Principal Transaction Revenue [Line Items]
Revenue	0	0
Operating Segments | Cabletica | Total B2B revenue
Principal Transaction Revenue [Line Items]
Revenue	0	0
Operating Segments | Cabletica | Service revenue
Principal Transaction Revenue [Line Items]
Revenue	0	0
Operating Segments | Cabletica | Subsea network revenue
Principal Transaction Revenue [Line Items]
Revenue	0	0
Operating Segments | Cabletica | Other revenue
Principal Transaction Revenue [Line Items]
Revenue	0
Corporate
Principal Transaction Revenue [Line Items]
Revenue	5.4	0
Corporate | Total residential revenue
Principal Transaction Revenue [Line Items]
Revenue	5.4
Corporate | Total residential fixed revenue
Principal Transaction Revenue [Line Items]
Revenue	0
Corporate | Total subscription revenue
Principal Transaction Revenue [Line Items]
Revenue	0
Corporate | Video
Principal Transaction Revenue [Line Items]
Revenue	0
Corporate | Broadband internet
Principal Transaction Revenue [Line Items]
Revenue	0
Corporate | Fixed-line telephony
Principal Transaction Revenue [Line Items]
Revenue	0
Corporate | Non-subscription revenue
Principal Transaction Revenue [Line Items]
Revenue	0
Corporate | Total residential mobile revenue
Principal Transaction Revenue [Line Items]
Revenue	5.4
Corporate | Service revenue
Principal Transaction Revenue [Line Items]
Revenue	0
Corporate | Interconnect, inbound roaming, equipment sales and other
Principal Transaction Revenue [Line Items]
Revenue	5.4
Corporate | Total B2B revenue
Principal Transaction Revenue [Line Items]
Revenue	0
Corporate | Service revenue
Principal Transaction Revenue [Line Items]
Revenue	0
Corporate | Subsea network revenue
Principal Transaction Revenue [Line Items]
Revenue	0
Corporate | Other revenue
Principal Transaction Revenue [Line Items]
Revenue	0
Intersegment Eliminations
Principal Transaction Revenue [Line Items]
Revenue	(5.1)	(4)
Intersegment Eliminations | Total residential revenue
Principal Transaction Revenue [Line Items]
Revenue	0	0
Intersegment Eliminations | Total residential fixed revenue
Principal Transaction Revenue [Line Items]
Revenue	0	0
Intersegment Eliminations | Total subscription revenue
Principal Transaction Revenue [Line Items]
Revenue	0	0
Intersegment Eliminations | Video
Principal Transaction Revenue [Line Items]
Revenue	0	0
Intersegment Eliminations | Broadband internet
Principal Transaction Revenue [Line Items]
Revenue	0	0
Intersegment Eliminations | Fixed-line telephony
Principal Transaction Revenue [Line Items]
Revenue	0	0
Intersegment Eliminations | Non-subscription revenue
Principal Transaction Revenue [Line Items]
Revenue	0	0
Intersegment Eliminations | Total residential mobile revenue
Principal Transaction Revenue [Line Items]
Revenue	0	0
Intersegment Eliminations | Service revenue
Principal Transaction Revenue [Line Items]
Revenue	0	0
Intersegment Eliminations | Interconnect, inbound roaming, equipment sales and other
Principal Transaction Revenue [Line Items]
Revenue	0	0
Intersegment Eliminations | Total B2B revenue
Principal Transaction Revenue [Line Items]
Revenue	(5.1)	(4)
Intersegment Eliminations | Service revenue
Principal Transaction Revenue [Line Items]
Revenue	(1.1)	(0.9)
Intersegment Eliminations | Subsea network revenue
Principal Transaction Revenue [Line Items]
Revenue	(4)	$ (3.1)
Intersegment Eliminations | Other revenue
Principal Transaction Revenue [Line Items]
Revenue	$ 0

Segment Reporting - Geographic

Segment Reporting - Geographic Segments (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020
Segment Reporting Information [Line Items]
Revenue	$ 1,159.9	$ 931
Puerto Rico
Segment Reporting Information [Line Items]
Revenue	347.3	104.3
Chile
Segment Reporting Information [Line Items]
Revenue	210.3	206.4
Panama
Segment Reporting Information [Line Items]
Revenue	121.4	137.7
Networks & LatAm
Segment Reporting Information [Line Items]
Revenue	90.4	95
Jamaica
Segment Reporting Information [Line Items]
Revenue	97.3	96.1
The Bahamas
Segment Reporting Information [Line Items]
Revenue	45	49.3
Barbados
Segment Reporting Information [Line Items]
Revenue	33.9	36.7
Trinidad and Tobago
Segment Reporting Information [Line Items]
Revenue	39.7	40.8
Curacao
Segment Reporting Information [Line Items]
Revenue	34.3	39.6
Costa Rica
Segment Reporting Information [Line Items]
Revenue	36.2	33.7
Other
Segment Reporting Information [Line Items]
Revenue	$ 104.1	$ 91.4