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CONSOLIDATED STATEMENT OF CHANGES IN EQUITY - USD ($)
$ in Millions
Total
Capital stock
Treasury stock
Additional paid-in capital
Accumulated deficit
Accumulated other comprehensive income (loss)
Beginning balance at Dec. 31, 2021 $ 1,461.7 $ 1,764.5 $ (48.9) $ 1,029.8 $ (1,276.3) $ (7.4)
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Issuance of capital stock 0.2 0.7   (0.5)    
Repurchase of capital stock for cancellation [1] (27.1) (50.3) (1.8) 25.0    
Purchase of treasury stock for stock-based plans [2] (11.1)   (11.1)      
Stock-based compensation (SBC) 52.6   43.3 9.3    
Net earnings 180.1       180.1  
Other comprehensive income (loss) 19.5         19.5
Ending balance at Dec. 31, 2022 1,675.9 1,714.9 (18.5) 1,063.6 (1,096.2) 12.1
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Issuance of capital stock [3] 0.3 0.6   (0.3)    
Repurchase of capital stock for cancellation [4] (38.3) (43.0) 1.8 2.9    
Purchase of treasury stock for stock-based plans [5] (89.8)   (89.8)      
Stock-based compensation (SBC) 57.5   26.4 31.1    
Net earnings 244.4       244.4  
SBC cash settlement (66.7)     (66.7)    
Other comprehensive income (loss) (12.3)         (12.3)
Ending balance at Dec. 31, 2023 1,771.0 1,672.5 (80.1) 1,030.6 (851.8) (0.2)
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Issuance of capital stock 3.9 5.7   (1.8)    
Repurchase of capital stock for cancellation [6] (152.1) (45.4)   (106.7)    
Purchase of treasury stock for stock-based plans [7] (112.1)   (112.1)      
Stock-based compensation (SBC) 59.3   99.3 (40.0)    
Net earnings 428.0       428.0  
SBC cash settlement (84.6)     (84.6)    
Other comprehensive income (loss) (17.4)         (17.4)
Ending balance at Dec. 31, 2024 $ 1,896.0 $ 1,632.8 $ (92.9) $ 797.5 $ (423.8) $ (17.6)
[1] Consists of $34.6 paid to repurchase common shares for cancellation in 2022, offset in part by the reversal of the $7.5 accrued as of December 31, 2021 for the estimated contractual maximum quantity of permitted common shares repurchases (Contractual Maximum Quantity) under an automatic share purchase plan (ASPP) executed in December 2021 for such purpose. See note 12.
[2] Consists of $44.9 paid to repurchase common shares for delivery obligations under our SBC plans in 2022, offset in part by the reversal of the $33.8 accrued as of December 31, 2021 for the Contractual Maximum Quantity under an ASPP executed in December 2021 for such purpose. See note 12.
[3] In 2023, we issued 18.6 million common shares upon conversion of an equivalent number of our multiple voting shares, with nil impact on our aggregate capital stock amount. See note 12.
[4] Consists of $35.6 paid to repurchase common shares for cancellation in 2023 and $2.7 accrued at December 31, 2023 for the estimated Contractual Maximum Quantity under an ASPP executed in December 2023 for such purpose (2023 NCIB Accrual). See note 12.
[5] Consists of $82.3 paid to repurchase common shares for delivery obligations under our SBC plans in 2023 and $7.5 accrued at December 31, 2023 for the estimated Contractual Maximum Quantity under an ASPP executed in September 2023 for such purpose (2023 SBC Accrual). See note 12.
[6] Consists of $152.0 paid to repurchase common shares for cancellation in 2024 and $2.8 accrued at December 31, 2024 for share buyback taxes, offset in part by the reversal of 2023 NCIB Accrual. See note 12.
[7] Consists of $119.6 paid to repurchase common shares for delivery obligations under our SBC plans in 2024, offset in part by the reversal of 2023 SBC Accrual. See note 12.