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LEASES (Tables) | 12 Months Ended
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Dec. 31, 2024
Disclosure of leases [Abstract] |
Summary of activity related to lease liabilities | Below is a summary of the activity related to our lease liabilities for the year ended December 31, 2024. Certain of our lease liabilities are secured by the underlying right-of-use assets; the underlying right-of-use assets have a net carrying amount of $715 million as at December 31, 2024 (2023 - $591 million).
|  | Years ended December 31
(In millions of dollars) | Note | 2024 | 2023
Lease liabilities, beginning of year |  | 2,593 |  | 2,028 |
Net additions |  | 656 |  | 600 |
Lease liabilities assumed | 3 | — |  | 327 |
Interest expense on lease liabilities |  | 137 |  | 111 |
Interest payments on lease liabilities |  | (130) |  | (103) |
Principal payments of lease liabilities |  | (478) |  | (370) |
Lease liabilities, end of year |  | 2,778 |  | 2,593 |
Current liability |  | 587 |  | 504 |
Long-term liability |  | 2,191 |  | 2,089 |
Lease liabilities |  | 2,778 |  | 2,593 |

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