v3.26.1
Finance Costs, Net (Tables)
 6 Months Ended
Jun. 30, 2026
Analysis of income and expense [abstract]  
Components of Net Interest Expense The components of net interest expense are as follows:

 

 

 

 

Three months ended
June 30,

 

Six months ended
June 30,

(millions of U.S. dollars)

 

 

 

2026

 

2025

 

2026

 

2025

Interest expense:

 

 

 

 

 

 

 

 

 

 

   Debt

 

 

 

37

 

28

 

65

 

58

   Other, net

 

 

 

8

 

8

 

15

 

14

Fair value (gains) losses on financial instruments

 

 

 

 

 

 

 

 

 

 

   Debt

 

 

 

(6)

 

-

 

(7)

 

-

   Fair value hedges

 

 

 

6

 

-

 

7

 

-

   Cash flow hedges, transfer from equity

 

-

 

(28)

 

-

 

(27)

Net foreign exchange losses on debt

 

 

 

-

 

28

 

-

 

27

Net interest expense - debt and other

 

 

 

45

 

36

 

80

 

72

Net interest expense - leases

 

 

 

4

 

4

 

7

 

7

Net interest expense - pension and other post-employment
   benefit plans

 

5

 

6

 

11

 

13

Interest income

 

 

 

(7)

 

(11)

 

(12)

 

(27)

Net interest expense

 

 

 

47

 

35

 

86

 

65
Components of Finance (Income) Costs

The components of other finance (income) costs are as follows:

 

 

 

 

 

Three months ended
June 30,

 

Six months ended
June 30,

(millions of U.S. dollars)

 

 

 

2026

 

2025

 

2026

 

2025

Net (gains) losses due to changes in foreign currency
   exchange rates

 

(6)

 

50

 

(14)

 

56

Other

 

 

 

(2)

 

(2)

 

(3)

 

2

Other finance (income) costs

 

 

 

(8)

 

48

 

(17)

 

58