v3.25.4
Earnings Per Share (Tables)
12 Months Ended
Dec. 31, 2025
Earnings per share [abstract]  
Reconciliation of Earnings Used for Earnings per Share Calculations

Earnings used in determining consolidated earnings per share and earnings per share from continuing operations are as follows:

 

 

 

 

Year ended December 31,

(millions of U.S. dollars)

 

2025

 

2024

Earnings attributable to common shareholders

 

 

1,502

 

2,210

Less: Dividends declared on preference shares

 

 

(4)

 

(5)

Earnings used in consolidated earnings per share

 

 

1,498

 

2,205

Less: Earnings from discontinued operations, net of tax

 

 

(19)

 

(15)

Earnings used in earnings per share from continuing operations

 

 

1,479

 

2,190

Weighted Average Common Shares

The weighted-average number of common shares outstanding, as well as a reconciliation of the weighted-average number of common shares outstanding used in the basic earnings per share computation to the weighted-average number of common shares outstanding used in the diluted earnings per share computation, is presented below:

 

 

 

 

Year ended December 31,

 

 

2025

 

2024

Weighted-average number of common shares outstanding

 

 

448,852,735

 

450,473,207

Weighted-average number of vested DSUs

 

 

118,980

 

136,505

Basic

 

 

448,971,715

 

450,609,712

Effect of stock options and TRSUs

 

 

560,751

 

629,778

Diluted

 

 

449,532,466

 

451,239,490