v3.22.4
Consolidated Statements of Changes in Owners' Equity - USD ($)
shares in Millions, $ in Millions
Total
Share capital
Contributed surplus
Retained earnings (deficit)
Accumulated other comprehensive income (loss)
Beginning balance (in shares) at Dec. 31, 2019   190      
Beginning balance at Dec. 31, 2019 $ 245 $ 284 $ 0 $ (54) $ 15
Net income 103     103  
Other comprehensive income 74       74
Excess of fair value of consideration paid over the carrying value of business acquired (16)     (16)  
Ending balance (in shares) at Dec. 31, 2020   245      
Ending balance at Dec. 31, 2020 1,111 $ 989 0 33 89
Net income 78     78  
Other comprehensive income (55)       (55)
Number of shares issued in public offering (in shares)   21      
Subordinate Voting Shares issued in public offering 525 $ 525      
Share issuance costs, net of taxes (25) (25)      
Share-based compensation 21 $ 1 24 (4)  
Ending balance (in shares) at Dec. 31, 2021   266      
Ending balance at Dec. 31, 2021 1,655 $ 1,490 24 107 34
Net income 183     183  
Other comprehensive income (43)     3 (46)
Carrying value of business acquired less fair value of consideration paid 10   10    
Share-based compensation (in shares)   1      
Share-based compensation 33 $ 13 21 (1)  
Ending balance (in shares) at Dec. 31, 2022   267      
Ending balance at Dec. 31, 2022 $ 1,838 $ 1,503 $ 55 $ 292 $ (12)