v3.25.4
Finance Costs, Net (Tables)
12 Months Ended
Dec. 31, 2025
Analysis of income and expense [abstract]  
Components of Net Interest Expense The components of net interest expense are as follows:

 

 

 

 

Year ended December 31,

(millions of U.S. dollars)

 

2025

 

2024

Interest expense:

 

 

 

 

 

   Debt

 

 

113

 

140

   Other, net

 

 

30

 

23

Fair value (gains) losses on financial instruments (see note 20)

 

 

 

 

 

   Debt

 

 

(14)

 

-

   Fair value hedges

 

 

14

 

-

   Cash flow hedges, transfer from equity

 

 

(27)

 

88

Net foreign exchange losses (gains) on debt

 

 

27

 

(88)

Net interest expense - debt and other

 

 

143

 

163

Net interest expense - leases

 

 

14

 

14

Net interest expense - pension and other post-employment benefit plans

 

 

26

 

24

Interest income

 

 

(40)

 

(76)

Net interest expense

 

 

143

 

125

Components of Finance Costs (Income)

The components of finance costs (income) are as follows:

 

 

 

 

Year ended December 31,

(millions of U.S. dollars)

 

2025

 

2024

Net losses (gains) due to changes in foreign currency exchange rates

 

 

51

 

(57)

Other

 

 

4

 

12

Other finance costs (income)

 

 

55

 

(45)