Interest expense (Tables)

3 Months Ended

Mar. 31, 2026

Other Income and Expenses [Abstract]

Schedule of interest expense


									Three Months Ended March 31,
(in millions)															2026						2025
Interest expense (1)															$	65					$	57
(Gain) loss on hedge instruments															(2)						(19)
Finance lease liabilities interest															22						24
Amortization of deferred financing costs and discount on debt															3						3
Capitalized interest															(4)						(3)
Interest income															(2)						(2)
Other financing fees															2						—
Interest expense, net															$	84					$	60

(1) During the three months ended March 31, 2026 and 2025, the Company recognized $4 million and $3 million, respectively, of expense related to the Kloosterboer Preference Shares liability (see Note 2, Capital structure and noncontrolling interests).