XML 66 R34.htm IDEA: XBRL DOCUMENT

LONG-TERM DEBT AND CREDIT FACILITIES (Tables)

12 Months Ended

Dec. 31, 2024

LONG-TERM DEBT AND CREDIT FACILITIES

Schedule of long-term debt


					December 31, 2024												December 31, 2023
								Deferred
					Nominal			Financing			Carrying			Fair			Carrying			Fair
			Interest Rates		Amount			Costs^(a)			Amount			Value^(b)			Amount^(a)			Value^(b)
Senior notes (i)			4.50%-6.875%		$	1,243.4		$	(7.9)		$	1,235.5		$	1,272.7		$	1,233.5		$	1,272.3
Term loan (ii)			SOFR plus 1.25%			200.0			(0.1)			199.9			200.0			999.1			1,000.0
Total long-term and current debt					$	1,443.4		$	(8.0)		$	1,435.4		$	1,472.7		$	2,232.6		$	2,272.3
Less: current portion						(200.0)			0.1			(199.9)			(200.0)			—			—
Long-term debt and credit facility					$	1,243.4		$	(7.9)		$	1,235.5		$	1,272.7		$	2,232.6		$	2,272.3

(a)	Includes transaction costs on the senior notes and term loan.

(b)	The fair value of the senior notes is primarily determined using quoted market determined variables. See Note 8iii.

Schedule of scheduled debt repayments


																	2030 and
		2025			2026			2027			2028			2029			thereafter			Total
Senior notes (i)		$	—		$	—		$	500.0		$	—		$	—		$	750.0		$	1,250.0
Term Loan (ii)			200.0			—			—			—			—			—			200.0
Total debt payable		$	200.0		$	—		$	500.0		$	—		$	—		$	750.0		$	1,450.0

Schedule of interest charges and fees


Type of credit
Revolving credit facility		SOFR plus		1.45	%
Term loan		SOFR plus		1.25	%
Letters of credit		0.967	-	1.45	%
Standby fee applicable to unused availability				0.29	%

Schedule of changes in liabilities arising from financing activities

Total current

Lease

Accrued interest

and long-term debt

liabilities

payable^(a)

Total

Balance as at January 1, 2024

$

2,232.6

$

27.6

$

36.3

$

2,296.5

Changes from financing cash flows

Debt repayments

(800.0)

—

—

(800.0)

Interest paid

—

—

(35.6)

(35.6)

Payment of lease liabilities

—

(12.1)

—

(12.1)

1,432.6

15.5

0.7

1,448.8

Other changes

Interest expense and accretion^(b)

$

—

$

1.4

$

49.1

$

50.5

Capitalized interest^(c)

—

—

88.2

88.2

Capitalized interest paid

—

—

(92.6)

(92.6)

Additions of lease liabilities

—

1.9

—

1.9

Other

2.8

(1.7)

(14.3)

(13.2)

2.8

1.6

30.4

34.8

Balance as at December 31, 2024

$

1,435.4

$

17.1

$

31.1

$

1,483.6


		Total current			Lease			Accrued interest
		and long-term debt			liabilities			payable^(a)			Total
Balance as at January 1, 2023		$	2,592.9		$	47.6		$	41.9		$	2,682.4
Changes from financing cash flows
Debt issuance and drawdowns			588.1			—			—			588.1
Debt repayments			(960.0)			—			—			(960.0)
Interest paid			—			—			(53.2)			(53.2)
Payment of lease liabilities			—			(30.2)			—			(30.2)
			2,221.0			17.4			(11.3)			2,227.1
Other changes
Interest expense and accretion^(b)		$	—		$	2.1		$	66.9		$	69.0
Capitalized interest^(c)			—			—			108.9			108.9
Capitalized interest paid			—			—			(114.1)			(114.1)
Additions of lease liabilities			—			7.9			—			7.9
Other			11.6			0.2			(14.1)			(2.3)
			11.6			10.2			47.6			69.4
Balance as at December 31, 2023		$	2,232.6		$	27.6		$	36.3		$	2,296.5

(a)	Included in Accounts payable and accrued liabilities. See Note 6vi.

(b)	Included in Finance expense. See Note 6viii.

(c)	Included in Property, plant and equipment. See Note 6iv.