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INCOME TAX EXPENSE - Reconciliation to Canadian Statutory Rate (Details) - USD ($) $ in Millions | 12 Months Ended
--- | ---
Dec. 31, 2024 | Dec. 31, 2023
Disclosure of major components of tax expense (income) [Table] |  |
Applicable tax rate | 26.50% | 26.50%
Tax expense (income) at applicable tax rate | $ 1,221 | $ 746
Reconciliation to Canadian Statutory Rate |  |
Allowances and special tax deductions | 211 | 184
Impact of foreign tax rates | 18 | (79)
Non-deductible expenses / (non-taxable income) | 111 | 72
Taxable gains on sales of non-current assets | 2 | 6
Net currency translation losses on current and deferred tax balances | 52 | 289
Tax impact from pass-through entities and equity accounted investments | 263 | 183
Current year tax results sheltered by previously unrecognized deferred tax assets | (5) | (22)
Recognition and derecognition of deferred tax assets | (26) | (142)
Settlements and adjustments in respect of prior years | 116 | 23
Increase to income tax related contingent liabilities | 1 | 54
Impact of tax rate changes | 0 | (2)
Withholding taxes | 70 | 61
Mining taxes | 290 | 224
Tax impact of amounts recognized within accumulated OCI | 0 | 2
Income tax expense | 1,520 | 861
Disclosure of major components of tax expense (income) [Line Items] |  |
Tax expense (income) at applicable tax rate | 1,221 | 746
Tax Effect Of Allowances And Special Tax Deductions | (211) | (184)
Impact of foreign tax rates | 18 | (79)
Non-deductible expenses / (non-taxable income) | 111 | 72
Goodwill impairment charges not tax deductible | 145 | 0
Taxable gains on sales of non-current assets | 2 | 6
Net currency translation losses on current and deferred tax balances | 52 | 289
Tax Effect of Income (Loss) of Equity Method Investments | (263) | (183)
Current year tax results sheltered by previously unrecognized deferred tax assets | (5) | (22)
Recognition and derecognition of deferred tax assets | (26) | (142)
Settlements and adjustments in respect of prior years | 116 | 23
Increase to income tax related contingent liabilities | 1 | 54
Impact of tax rate changes | 0 | (2)
Withholding taxes | 70 | 61
Mining taxes | 290 | 224
Tax impact of amounts recognized within accumulated OCI | 0 | (2)
Other tax effects for reconciliation between accounting profit and tax expense (income) | (1) | 0
Income tax expense | $ 1,520 | $ 861

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