v3.25.4
Consolidated Statements of Changes in Shareholders' Equity - USD ($)
$ in Millions
Total
Share Capital
Retained Earnings
Accumulated Other Comprehensive Loss
Balance, beginning of year (in shares) at Dec. 31, 2023   81,720,996    
Balance, beginning of year at Dec. 31, 2023 $ 7,223 $ 2,607 $ 4,913 $ (297)
Profit (loss) (5)   (5)  
Translation loss on foreign operations (24)     (24)
Actuarial gain on retirement benefits, net of tax 8   8  
Issuance of common shares   12,550    
Repurchase of Common shares for cancellation 1 $ 1    
Repurchase of common shares for cancellation (in share)   (1,745,280)    
Repurchase of Common shares for cancellation (147) $ (59) (88)  
Dividends declared [1] (102)   (102)  
Balance, end of year (in shares) at Dec. 31, 2024   79,988,266    
Balance, end of year at Dec. 31, 2024 6,954 $ 2,549 4,726 (321)
Profit (loss) (937)   (937)  
Translation loss on foreign operations 44     44
Actuarial gain on retirement benefits, net of tax 16   16  
Issuance of common shares   4,700    
Repurchase of common shares for cancellation (in share)   (1,693,144)    
Repurchase of Common shares for cancellation (127) $ (54) (73)  
Dividends declared [1] (101)   (101)  
Balance, end of year (in shares) at Dec. 31, 2025   78,299,822    
Balance, end of year at Dec. 31, 2025 $ 5,849 $ 2,496 $ 3,630 $ (277)
[1] Cash dividends declared during the year ended December 31, 2024 were $1.26 per share. Cash dividends declared during the year ended December 31, 2025 were $1.28 per share.