v3.26.1
LEASE LIABILITIES
12 Months Ended
Dec. 31, 2025
LEASE LIABILITIES  
LEASE LIABILITIES

16.  LEASE LIABILITIES

Changes in lease liabilities are as follows:

  ​ ​ ​

2025

  ​ ​ ​

2024

Balance at beginning of year

$

378.5

$

346.1

Lease obligations financing right-of-use assets

 

122.6

 

158.8

Repayments

 

(126.4)

 

(126.2)

Other

(1.4)

(0.2)

373.3

378.5

Less current portion

(110.3)

(108.5)

$

263.0

$

270.0

Lease liabilities with affiliated corporations amounted to $12.4 million as of December 31, 2025 ($15.8 million in 2024).

Interest rates on lease liabilities ranged from 1.9% to 8.5% as of December 31, 2025 and 2024.

Repayments of lease liabilities over the coming years are as follows:

2026

  ​ ​ ​

$

110.3

2027

 

92.0

2028

 

77.0

2029

 

49.8

2030

 

20.5

2031 and thereafter

 

23.7