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Supplementary Cash Flow Information | 9 Months Ended
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Sep. 30, 2025
Disclosure Of Supplementary Cash Flow Information [Abstract] |
Supplementary Cash Flow Information |
21. SUPPLEMENTARY CASH FLOW INFORMATION
A) Working Capital
| September 30, |  | December 31,
As at | 2025 |  | 2024
Total Current Assets | 9,769 |  | 10,434
Total Current Liabilities | 5,651 |  | 7,362
Working Capital | 4,118 |  | 3,072
B) Changes in Non-Cash Working Capital
| Three Months Ended |  | Nine Months Ended
For the periods ended September 30, | 2025 (1) |  | 2024 |  | 2025 (1) |  | 2024
Accounts Receivable and Accrued Revenues | (177) |  | 904 |  | (542) |  | 326
Income Tax Receivable | 6 |  | 14 |  | 172 |  | 191
Inventories | (19) |  | 480 |  | 421 |  | 99
Accounts Payable and Accrued Liabilities | (188) |  | (896) |  | (186) |  | 60
Income Tax Payable | (22) |  | 105 |  | (304) |  | 96
Total Change in Non-Cash Working Capital | (400) |  | 607 |  | (439) |  | 772
Net Change in Non-Cash Working Capital – Operating Activities | (241) |  | 588 |  | (179) |  | 813
Net Change in Non-Cash Working Capital – Investing Activities | (159) |  | 19 |  | (260) |  | (41)
Total Change in Non-Cash Working Capital | (400) |  | 607 |  | (439) |  | 772
(1)Excludes the impact of the divestiture of WRB, including proceeds recorded in accounts receivable and accrued revenues (see Note 5). Proceeds from divestitures are recorded using the direct method for investing activities. C) Reconciliation of Liabilities The following table provides a reconciliation of liabilities to cash flows arising from financing activities:
| Dividends Payable |  |  |  |  |  | Repurchase Agreements Payable |  | Short-Term Borrowings |  | Long-Term Debt |  | Lease Liabilities |  |
As at December 31, 2023 | 9 |  |  |  |  |  | — |  | 179 |  | 7,108 |  | 2,658 |  |
Changes From Financing Cash Flows: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net Issuance (Repayment) of Short-Term Borrowings | — |  |  |  |  |  | — |  | (74) |  | — |  | — |  |
Principal Repayment of Leases | — |  |  |  |  |  | — |  | — |  | — |  | (219) |  |
Dividends Paid | (1,203) |  |  |  |  |  | — |  | — |  | — |  | — |  |
Non-Cash Changes: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Finance and Transaction Costs | — |  |  |  |  |  | — |  | — |  | (13) |  | — |  |
Lease Additions | — |  |  |  |  |  | — |  | — |  | — |  | 104 |  |
Base Dividends Declared on Common Shares | 925 |  |  |  |  |  | — |  | — |  | — |  | — |  |
Variable Dividends Declared on Common Shares | 251 |  |  |  |  |  | — |  | — |  | — |  | — |  |
Dividends Declared on Preferred Shares | 27 |  |  |  |  |  | — |  | — |  | — |  | — |  |
Exchange Rate Movements and Other | — |  |  |  |  |  | — |  | (4) |  | 104 |  | 97 |  |
As at September 30, 2024 | 9 |  |  |  |  |  | — |  | 101 |  | 7,199 |  | 2,640 |  |
As at December 31, 2024 | — |  |  |  |  |  | — |  | 173 |  | 7,534 |  | 2,927 |  |
Acquisition | — |  |  |  |  |  | — |  | — |  | 12 |  | — |  |
Changes From Financing Cash Flows: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net Issuance (Repayment) of Short-Term Borrowings | — |  |  |  |  |  | — |  | 152 |  | — |  | — |  |
Repayment of Long-Term Debt | — |  |  |  |  |  | — |  | — |  | (195) |  | — |  |
Principal Repayment of Leases | — |  |  |  |  |  | — |  | — |  | — |  | (266) |  |
Proceeds on Repurchase Agreements | — |  |  |  |  |  | 403 |  | — |  | — |  | — |  |
Repayment of Repurchase Agreements | — |  |  |  |  |  | (220) |  | — |  | — |  | — |  |
Dividends Paid | (1,057) |  |  |  |  |  | — |  | — |  | — |  | — |  |
Non-Cash Changes: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Divestiture of Short-Term Borrowings | — |  |  |  |  |  | — |  | (313) |  | — |  | — |  |
Finance and Transaction Costs | — |  |  |  |  |  | — |  | — |  | (15) |  | — |  |
Lease Additions | — |  |  |  |  |  | — |  | — |  | — |  | 162 |  |
Lease Divestitures | — |  |  |  |  |  | — |  | — |  | — |  | (39) |  |
Base Dividends Declared on Common Shares | 1,047 |  |  |  |  |  | — |  | — |  | — |  | — |  |
Dividends Declared on Preferred Shares | 12 |  |  |  |  |  | — |  | — |  | — |  | — |  |
Exchange Rate Movements and Other | — |  |  |  |  |  | (7) |  | (12) |  | (180) |  | 88 |  |
As at September 30, 2025 | 2 |  |  |  |  |  | 176 |  | — |  | 7,156 |  | 2,872 |  |

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