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Three-month periods ended June 30 ($ in millions) | | 2026 | | 2025 | |
Income taxes computed at applicable statutory rates | | $ | (503) | | 25.3 | % | $ | (55) | | 27.8 | % |
Adjustments recognized in the current period for income taxes of prior periods | | | (15) | | 0.8 | | | (18) | | 9.1 | |
Pillar Two global minimum tax | | | 1 | | (0.1) | | | — | | — | |
Impairment of intangible assets and goodwill | | | 229 | | (11.6) | | | 107 | | (53.9) | |
Write down of deferred tax asset | | | 89 | | (4.5) | | | — | | — | |
(Non-taxable) non-deductible amounts, net | | | (5) | | 0.3 | | | 4 | | (2.0) | |
Withholding and other taxes | | | 5 | | (0.3) | | | 10 | | (5.1) | |
Losses not recognized | | | 38 | | (1.9) | | | 2 | | (1.0) | |
Foreign tax differential | | | (1) | | 0.1 | | | (2) | | 1.0 | |
Other | | | — | | — | | | (1) | | 0.4 | |
Income tax expense (recovery) per Consolidated statements of income and other comprehensive income | | $ | (162) | | 8.1 | % | $ | 47 | | (23.7) | % |
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Six-month periods ended June 30 ($ in millions) | | 2026 | | 2025 | |
Income taxes computed at applicable statutory rates | | $ | (450) | | 25.1 | % | $ | 46 | | 21.9 | % |
Adjustments recognized in the current period for income taxes of prior periods | | | (15) | | 0.8 | | | (23) | | (11.0) | |
Pillar Two global minimum tax | | | 1 | | (0.1) | | | 1 | | 0.5 | |
Impairment of intangible assets and goodwill | | | 229 | | (12.8) | | | 107 | | 51.0 | |
Write down of deferred tax asset | | | 89 | | (5.0) | | | — | | — | |
(Non-taxable) non-deductible amounts, net | | | (12) | | 0.7 | | | 3 | | 1.4 | |
Withholding and other taxes | | | 13 | | (0.7) | | | 19 | | 9.0 | |
Losses not recognized | | | 39 | | (2.1) | | | 3 | | 1.4 | |
Foreign tax differential | | | (1) | | 0.1 | | | (3) | | (1.4) | |
Other | | | — | | — | | | 1 | | 0.5 | |
Income tax expense (recovery) per Consolidated statements of income and other comprehensive income | | $ | (107) | | 6.0 | % | $ | 154 | | 73.3 | % |