v3.25.4

INCOME TAXES (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2025
Income Tax Disclosure [Abstract] |
Schedule of components of (loss) income before provision for income taxes | The components of Loss before provision for income taxes for 2025, 2024 and 2023 consist of:
(in millions) |  | 2025 |  | 2024 |  | 2023
Domestic |  | $ | (239) |  |  | $ | (159) |  |  | $ | (194) |
Foreign |  | (78) |  |  | (75) |  |  | 28 |
|  | $ | (317) |  |  | $ | (234) |  |  | $ | (166) |
Schedule of components of provision for income taxes | The components of Provision for income taxes for 2025, 2024 and 2023 consist of:
(in millions) |  | 2025 |  | 2024 |  | 2023
Current: |  |  |  |  |  |
Domestic |  | $ | — |  |  | $ | (1) |  |  | $ | — |
Foreign |  | (70) |  |  | (74) |  |  | (71) |
|  | (70) |  |  | (75) |  |  | (71) |
Deferred: |  |  |  |  |  |
Domestic |  | (1) |  |  | (1) |  |  | (20) |
Foreign |  | 36 |  |  | 5 |  |  | 9 |
|  | 35 |  |  | 4 |  |  | (11) |
|  | $ | (35) |  |  | $ | (71) |  |  | $ | (82) |
Schedule of Effective Income Tax Rate Reconciliation |
(in millions) |  | 2025
|  | Amount |  | Percent
Loss before provision for income taxes |  | $ | (317) |  |  |
Provision for income taxes |  |  |  |
Expected provision for income taxes at Canadian statutory rate |  | $ | 79 |  |  | 25 | %
Domestic provincial and local income taxes, net of federal (national) income tax effect |  | — |  |  | — | %
Foreign Tax Effects |  |  |  |
United States |  |  |  |
State and local taxes |  | 5 |  |  | 2 | %
Effects of cross-border taxes |  | (4) |  |  | (1) | %
Research & Development Tax Credits |  | 8 |  |  | 3 | %
Contingent Consideration Fair Value Adjustments |  | 6 |  |  | 2 | %
Intercompany Profit in Ending Inventory |  | (2) |  |  | (1) | %
All Other |  | (4) |  |  | (1) | %
Ireland |  |  |  |
Statutory Rate Differential |  | (49) |  |  | (15) | %
Changes in Valuation Allowance |  | (11) |  |  | (3) | %
Non-Deductible Interest |  | (17) |  |  | (5) | %
Capital Loss on Sale of Assets |  | 7 |  |  | 2 | %
Foreign exchange impact on EUR denominated assets in Ireland |  | (5) |  |  | (2) | %
Intercompany Profit in Ending Inventory |  | 18 |  |  | 6 | %
All Other |  | — |  |  | — | %
Netherlands |  |  |  |
Changes in Valuation Allowance |  | (4) |  |  | (1) | %
All Other |  | (1) |  |  | — | %
Germany |  |  |  |
Statutory Rate Differential |  | 8 |  |  | 3 | %
Other |  | (2) |  |  | (1) | %
Other Foreign Jurisdictions |  | (7) |  |  | (2) | %
Effect of Changes in Tax Laws or Rates enacted in the current period |  | — |  |  | — | %
Effect of Cross Border Taxes (FAPI) |  | (2) |  |  | (1) | %
Tax Credits |  | — |  |  | — | %
Changes in Valuation Allowances |  | (15) |  |  | (5) | %
Nontaxable and Nondeductible Items |  |  |  |
Share-based Compensation |  | (14) |  |  | (4) | %
Non-Deductible Interest |  | (5) |  |  | (2) | %
Worldwide Changes to Uncertain Tax Positions |  | — |  |  | — | %
All Other |  |  |  |
Foreign exchange impact on USD denominated debt in Canada |  | (24) |  |  | (8) | %
All Other |  | — |  |  | — | %
|  | $ | (35) |  |  | (11) | %
(in millions) |  | 2024 |  | 2023
Loss before provision for income taxes |  | $ | (234) |  |  | $ | (166) |
Provision for income taxes |  |  |  |
Expected provision for income taxes at Canadian statutory rate |  | $ | 62 |  |  | $ | 44 |
Adjustments to tax attributes |  | 2 |  |  | 1 |
Non-deductible amount of share-based compensation |  | (10) |  |  | (7) |
Change in valuation allowance |  | (44) |  |  | (42) |
Change in uncertain tax positions |  | 1 |  |  | 2 |
Withholding tax |  | (7) |  |  | (5) |
Return to provision |  | 5 |  |  | (1) |
Foreign tax rate differences |  | (74) |  |  | (57) |
Foreign exchange impact on USD denominated debt in Canada |  | 25 |  |  | — |
Disallowed interest |  | (28) |  |  | (14) |
Other |  | (3) |  |  | (3) |
|  | $ | (71) |  |  | $ | (82) |
Schedule of tax effect of major items recorded as deferred tax assets and liabilities and valuation allowance | Deferred tax assets and liabilities consist of:
(in millions) |  | December 31, 2025 |  | December 31, 2024
Deferred tax assets: |  |  |  |
Tax loss and credit carryforwards |  | $ | 1,032 |  |  | $ | 923 |
Intangible assets |  | — |  |  | 25 |
Provisions |  | 173 |  |  | 145 |
Share-based compensation |  | 22 |  |  | 15 |
Leases |  | 15 |  |  | 14 |
Other |  | 28 |  |  | 45 |
Total deferred tax assets |  | 1,270 |  |  | 1,167 |
Less valuation allowance |  | (212) |  |  | (179) |
Net deferred tax assets |  | 1,058 |  |  | 988 |
Deferred tax liabilities: |  |  |  |
Plant, equipment and technology |  | 71 |  |  | 64 |
Intangible assets |  | 17 |  |  | — |
Leases and Right of Use Assets |  | 14 |  |  | 14 |
Outside basis differences |  | 41 |  |  | 38 |
Total deferred tax liabilities |  | 143 |  |  | 116 |
Net deferred tax asset |  | $ | 915 |  |  | $ | 872 |
The following table presents a reconciliation of the deferred tax asset valuation allowance for 2025, 2024 and 2023:
(in millions) |  | 2025 |  | 2024 |  | 2023
Balance, beginning of year |  | $ | 179 |  |  | $ | 150 |  |  | $ | 54 |
Charged to Benefit from income taxes |  | 29 |  |  | 30 |  |  | 42 |
Other |  | 4 |  |  | (1) |  |  | 54 |
Balance, end of year |  | $ | 212 |  |  | $ | 179 |  |  | $ | 150 |
Schedule of open tax years by jurisdiction |
Jurisdiction: |  | Open Years
United States - Federal |  | 2017 - 2024
Canada |  | 2021 - 2024
Germany |  | 2017 - 2024
France |  | 2013 - 2015, 2022 - 2024
Ireland |  | 2021 - 2024
China |  | 2015 - 2024
Schedule of reconciliation of the beginning and ending amounts of unrecognized tax benefits | The following table presents a reconciliation of the unrecognized tax benefits, not including interest and penalties, for 2025, 2024 and 2023:
(in millions) |  | 2025 |  | 2024 |  | 2023
Balance, beginning of year |  | $ | 55 |  |  | $ | 59 |  |  | $ | 60 |
Additions for tax positions of prior years |  | 6 |  |  | — |  |  | 2 |
Reductions for tax positions of prior years |  | (1) |  |  | (3) |  |  | (1) |
Lapse of statute of limitations |  | (1) |  |  | (1) |  |  | (2) |
Balance, end of year |  | $ | 59 |  |  | $ | 55 |  |  | $ | 59 |

X
- References No definition available. + Details
Name: | us-gaap_IncomeTaxDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the components of income tax expense attributable to continuing operations for each year presented including, but not limited to: current tax expense (benefit), deferred tax expense (benefit), investment tax credits, government grants, the benefits of operating loss carryforwards, tax expense that results from allocating certain tax benefits either directly to contributed capital or to reduce goodwill or other noncurrent intangible assets of an acquired entity, adjustments of a deferred tax liability or asset for enacted changes in tax laws or rates or a change in the tax status of the entity, and adjustments of the beginning-of-the-year balances of a valuation allowance because of a change in circumstances that causes a change in judgment about the realizability of the related deferred tax asset in future years. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 740 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 9 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482685/740-10-50-9 + Details
Name: | us-gaap_ScheduleOfComponentsOfIncomeTaxExpenseBenefitTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the components of net deferred tax asset or liability recognized in an entity's statement of financial position, including the following: the total of all deferred tax liabilities, the total of all deferred tax assets, the total valuation allowance recognized for deferred tax assets. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 740 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482685/740-10-50-2 + Details
Name: | us-gaap_ScheduleOfDeferredTaxAssetsAndLiabilitiesTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the reconciliation using percentage or dollar amounts of the reported amount of income tax expense attributable to continuing operations for the year to the amount of income tax expense that would result from applying domestic federal statutory tax rates to pretax income from continuing operations. + References Reference 1: http://www.xbrl.org/2003/role/exampleRef -Topic 740 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 231 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482663/740-10-55-231 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 740 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12A -Publisher FASB -URI https://asc.fasb.org/1943274/2147482685/740-10-50-12A Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 740 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482685/740-10-50-12 + Details
Name: | us-gaap_ScheduleOfEffectiveIncomeTaxRateReconciliationTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of income before income tax between domestic and foreign jurisdictions. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 235 -SubTopic 10 -Name Accounting Standards Codification -Section S50 -Paragraph 1 -Publisher FASB -URI https://asc.fasb.org/1943274/2147480738/235-10-S50-1 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 235 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.4-08(h)(1)(Note 1)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480678/235-10-S99-1 + Details
Name: | us-gaap_ScheduleOfIncomeBeforeIncomeTaxDomesticAndForeignTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the change in unrecognized tax benefits. + References Reference 1: http://www.xbrl.org/2003/role/exampleRef -Topic 740 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 217 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482663/740-10-55-217 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 740 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 15A -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482685/740-10-50-15A + Details
Name: | us-gaap_ScheduleOfUnrecognizedTaxBenefitsRollForwardTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure for tax position taken on unrecognized tax benefit. + References Reference 1: http://fasb.org/us-gaap/role/ref/otherTransitionRef -Topic 740 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 15 -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482685/740-10-50-15 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 740 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 15 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482685/740-10-50-15 Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 740 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 15A -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482685/740-10-50-15A + Details
Name: | us-gaap_SummaryOfIncomeTaxContingenciesTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration