v3.26.1
CONDENSED CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY
RON in Millions, $ in Millions
USD ($)
Capital stock
USD ($)
Treasury stock
USD ($)
Additional paid-in capital
USD ($)
Retained earnings
USD ($)
Retained earnings
RON
Accumulated other comprehensive income (loss)
USD ($)
Beginning balance at Dec. 31, 2024 $ 1,896.0 $ 1,632.8 $ (92.9) $ 797.5 $ (423.8)   $ (17.6) [1]
Capital transactions:              
Issuance of capital stock 0.3 5.9   (5.6)      
Repurchase of capital stock for cancellation [2] (116.9) (17.2)   (99.7)      
Purchase of treasury stock for SBC plans (221.6)   (221.6)        
Stock-based compensation (SBC) (113.8)   112.3 (226.1)      
Total comprehensive income:              
Net earnings for the period 297.2       297.2    
Other comprehensive income (loss) 16.7           16.7 [1]
Ending balance at Jun. 30, 2025 1,757.9 1,621.5 (202.2) 466.1 (126.6)   (0.9) [1]
Beginning balance at Mar. 31, 2025 1,556.8 1,628.7 (205.6) 487.0 (337.6)   (15.7) [1]
Capital transactions:              
Issuance of capital stock 0.3 0.8   (0.5)      
Repurchase of capital stock for cancellation [3] (40.7) (8.0)   (32.7)      
Stock-based compensation (SBC) 15.7   3.4 12.3      
Total comprehensive income:              
Net earnings for the period 211.0       211.0    
Other comprehensive income (loss) 14.8           14.8 [1]
Ending balance at Jun. 30, 2025 1,757.9 1,621.5 (202.2) 466.1 (126.6)   (0.9) [1]
Beginning balance at Dec. 31, 2025 2,216.3 1,619.8 (153.8) 343.3 408.7   (1.7) [4]
Capital transactions:              
Issuance of capital stock 0.0 5.3   (5.3)      
Repurchase of capital stock for cancellation (20.0) (1.0)   (19.0)      
Stock-based compensation (SBC) (274.8)   133.1 (300.1)   RON (107.8)  
Total comprehensive income:              
Net earnings for the period 581.1       581.1    
Other comprehensive income (loss) (23.0)           (23.0) [4]
Ending balance at Jun. 30, 2026 2,479.6 1,624.1 (20.7) 18.9 882.0   (24.7) [4]
Beginning balance at Mar. 31, 2026 2,098.2 1,623.7 (20.9) 0.0 513.2   (17.8) [4]
Capital transactions:              
Issuance of capital stock 0.0 0.4   (0.4)      
Stock-based compensation (SBC) 19.5   0.2 19.3      
Total comprehensive income:              
Net earnings for the period 368.8       368.8    
Other comprehensive income (loss) (6.9)           (6.9) [4]
Ending balance at Jun. 30, 2026 $ 2,479.6 $ 1,624.1 $ (20.7) $ 18.9 $ 882.0   $ (24.7) [4]
[1] Accumulated other comprehensive income (loss) is net of tax (see note 9).
[2] Consists of $115.0 paid to repurchase common shares for cancellation during the first half of 2025 and accrued share buyback taxes (see note 8).
[3] Consists of $40.0 paid to repurchase common shares for cancellation during the second quarter of 2025 and accrued share buyback taxes (see note 8).
[4] Accumulated other comprehensive income (loss) is net of tax (see note 9).