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Debt (Tables) | 12 Months Ended
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Dec. 31, 2023
Debt Disclosure [Abstract] |
Schedule of Company's Long-Term Debt |
[a] | The Company’s long-term debt, net of unamortized issuance costs, is substantially uncollateralized and consists of the following:
|  | 2023 |  |  | 2022 |
Senior Notes [note 16 [c]] |  |  |  |  |  |  |  |
$750 million Senior Notes due 2024 at 3.625% |  | $ | 750 |  |  |  | 749 |
$650 million Senior Notes due 2025 at 4.150% |  |  | 648 |  |  |  | 647 |
$300 million Senior Notes due 2026 at 5.980% |  |  | 298 |  |  |  | — |
€600 million Senior Notes due 2027 at 1.500% |  |  | 662 |  |  |  | 640 |
$750 million Senior Notes due 2030 at 2.450% |  |  | 745 |  |  |  | 744 |
Cdn$350 million Senior Notes due 2031 at 4.950% |  |  | 263 |  |  |  | — |
€550 million Senior Notes due 2032 at 4.375% |  |  | 604 |  |  |  | — |
$500 million Senior Notes due 2033 at 5.500% |  |  | 495 |  |  |  | — |
€550 million Senior Notes due 2023 at 1.900% |  |  | — |  |  |  | 588 |
Bank term debt at a weighted average interest rate of 5.99% [2022 – 3.98%], denominated primarily in USD and Chinese Renminbi [note 16 [d]] |  |  | 510 |  |  |  | 114 |
Government loans at a weighted average interest rate of 0.12% [2022 – 0.12%], denominated primarily in Canadian dollar and euro |  |  | 8 |  |  |  | 8 |
Other |  |  | 11 |  |  |  | 11 |
|  |  | 4,994 |  |  |  | 3,501 |
Less due within one year |  |  | 819 |  |  |  | 654 |
|  | $ | 4,175 |  |  | $ | 2,847 |
Schedule of Future Principal Repayments on Long-Term Debt |
[b] | Future principal repayments on long-term debt are estimated to be as follows:
2024 |  | $ | 819 |
2025 |  |  | 693 |
2026 |  |  | 408 |
2027 |  |  | 666 |
2028 |  |  | 301 |
Thereafter |  |  | 2,125 |
|  | $ | 5,012 |
Interest Expense, Net |
[f] | Interest expense, net includes:
|  | 2023 |  |  | 2022 |
Interest expense |  |  |  |  |  |  |  |
Current |  | $ | 80 |  |  | $ | 25 |
Long-term |  |  | 162 |  |  |  | 101 |
|  |  | 242 |  |  |  | 126 |
Interest income |  |  | (86 | ) |  |  | (45 | )
Interest expense, net |  | $ | 156 |  |  | $ | 81 |
Schedule of Senior Notes Issued During Quarter of 2023 With Maturity Date |
[c] | During the first quarter of 2023, the Company issued the following Senior Notes:
|  | Issuance Date |  | Maturity Date
Cdn$350 million Senior Notes at 4.950% |  | March 10, 2023 |  | January 31, 2031
€550 million Senior Notes at 4.375% |  | March 17, 2023 |  | March 17, 2032
$300 million Senior Notes at 5.980% |  | March 21, 2023 |  | March 21, 2026
$500 million Senior Notes at 5.500% |  | March 21, 2023 |  | March 21, 2033

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