v3.26.1
Other Long-Term Assets (Tables)
 12 Months Ended
Dec. 31, 2025
Subclassifications of assets, liabilities and equities [abstract]  
Disclosure of Other Long-term Assets
 2025

2024
Long-term prepayments, contracts and other (1)
$419 $313 
Prepaid cost of service tolls229 

166 
Long-term inventory291 204 
Risk management (note 18)
— 

13 
 939 696 
Less: current portion70 

76 
 $869 $620 
(1)Includes physical product sales contracts, interest on Petroleum Revenue Tax ("PRT") and corporate tax recoveries in the North Sea (note 6), and the unamortized cost of contributions to the Company's employee bonus program.
Summary of Assets, Liabilities, Partners' Equity and Equity (Loss) Income Related to Joint Venture
The assets, liabilities, partners' equity, product sales, and equity income related to NWRP at December 31, 2025 and 2024 were comprised as follows:
20252024
Current assets$493 

$535 
Non-current assets$10,298 

$10,286 
Current liabilities$2,953 

$2,082 
Non-current liabilities$8,829 

$9,757 
Partners' equity$(991)

$(1,018)
Partners' equity at Company's 50% interest
$(496)$(509)
Revenue (1)
$1,365 $1,490 
Net income (2)
$26 

$92 
(1)Included in NWRP's revenue for 2025 is $315 million (2024 – $325 million) related to the Company's 25% share of the refining toll.
(2)Included in the net income for 2025 is the impact of depreciation and amortization expense of $265 million (2024 – $346 million) and interest and other financing expense of $457 million (2024 – $502 million).