FINANCIAL RISK MANAGEMENT (Tables)

12 Months Ended

Dec. 31, 2023

Trade and other current receivables [abstract]

Disclosure of credit risk exposure [text block]

In determining its allowance for expected credit losses, the Company applies the simplified approach per IFRS 9, Financial Instruments, and calculates expected credit losses based on lifetime expected credit losses. The Company uses a provision matrix, which segregates its customers by their economic characteristics and allocates expected credit loss rates based on days past due of its trade receivables. Expected credit loss rates are based on the Company’s historical credit loss experience, adjusted for forward-looking factors of the economic environment.

The Company’s exposure to credit risk for trade accounts receivable by geographic area was as follows as at:


	December 31, 2023		January 1, 2023

Trade accounts receivable by geographic area:
United States	$	355,521	$	198,949
Canada	19,672		13,279
Europe and other	37,305		36,557
Total trade accounts receivable	$	412,498	$	248,785

The following tables provide an indication of the Company’s significant foreign currency exposures included in the consolidated statement of financial position as at December 31, 2023 arising from financial instruments:


					December 31, 2023
(in U.S. $ millions)	CAD		GBP		EUR		AUD		MXN		CNY		BDT

Cash and cash equivalents	$	—	$	2.6	$	5.9	$	2.7	$	2.7	$	2.7	$	6.9
Trade accounts receivable	18.7		1.0		21.3		3.5		6.2		0.6		—
Prepaid expenses, deposits and other current assets	0.4		—		1.1		—		0.1		0.1		8.4
Accounts payable and accrued liabilities	(6.6)		(0.7)		(6.6)		(0.6)		(3.2)		(1.6)		(13.0)

Based on the Company’s foreign currency exposures arising from financial instruments noted above, and the impact of outstanding derivative financial instruments designated as effective hedging instruments, varying the foreign exchange rates to reflect a 5 percent strengthening of the U.S. dollar would have (decreased) increased earnings and other comprehensive income as follows, assuming that all other variables remained constant:


			For the year ended December 31, 2023
(in U.S. $ millions)	CAD		GBP		EUR		AUD		MXN		CNY		BDT

Impact on earnings before income taxes	$	(0.6)	$	(0.1)	$	(1.1)	$	(0.3)	$	(0.3)	$	(0.1)	$	(0.1)
Impact on other comprehensive (loss) income before income taxes	0.4		1.5		2.0		0.5		0.8		—		—

Disclosure of fair value measurement of liabilities [text block]

The following tables present a maturity analysis based on contractual maturity date of the Company's financial liabilities. All commitments have been reflected in the consolidated statements of financial position except for purchase obligations, as well as minimum royalty payments, which are included in the table of contractual obligations below. The amounts are the contractual undiscounted cash flows.


Carrying			Contractual		Less than		Between 1		Between 4		More than
(in $ millions)	amount		cash flows		1 year		and 3 years		and 5 years		5 years

Accounts payable and accrued liabilities	$	408.3	$	408.3	$	408.3	$	—	$	—	$	—
Long-term debt	985.0		985.0		300.0		450.0		235.0		—
Purchase and other obligations	—		502.3		327.8		99.7		74.8		—
Lease obligations	98.1		136.2		20.8		39.7		26.3		49.4
Total contractual obligations	$	1,491.4	$	2,031.8	$	1,056.9	$	589.4	$	336.1	$	49.4

Description of aging of trade accounts receivable balances

The aging of trade accounts receivable balances was as follows as at:


	December 31, 2023		January 1, 2023

Not past due	$	399,317	$	239,218
Past due 0-30 days	12,321		10,842
Past due 31-60 days	6,150		3,907
Past due 61-120 days	2,147		6,837
Past due over 121 days	3,728		3,375
Trade accounts receivable	423,663		264,179
Less allowance for expected credit losses	(11,165)		(15,394)
Total trade accounts receivable	$	412,498	$	248,785