XML 66 R50.htm IDEA: XBRL DOCUMENT v3.25.0.1

INCOME TAXES (Tables)

12 Months Ended

Dec. 31, 2024

Income Tax Disclosure [Abstract]

Schedule of components of income (loss) before income taxes

The components of Income (loss) before income taxes for 2024, 2023 and 2022 consist of:

(in millions)						2024						2023						2022
Domestic						$	(596)					$	(382)					$	64
Foreign						763						(8)						(193)
						$	167					$	(390)					$	(129)

Schedule of components of provision for income taxes

The components of Provision for income taxes for 2024, 2023 and 2022 consist of:

(in millions)						2024						2023						2022
Current:
Domestic						$	(9)					$	(21)					$	(15)
Foreign						(161)						(194)						(256)
						(170)						(215)						(271)
Deferred:
Domestic						(4)						(21)						14
Foreign						(65)						15						174
						(69)						(6)						188
						$	(239)					$	(221)					$	(83)

Schedule of effective income taxes Reconciliation

The Provision for income taxes differs from the expected amount calculated by applying the Company’s Canadian statutory federal plus provincial rate of 26.9% to Income (loss) before income taxes for 2024, 2023 and 2022 as follows:

(in millions)						2024						2023						2022
Income (loss) before income taxes						$	167					$	(390)					$	(129)
Provision for income taxes
Expected (provision for) benefit from income taxes at Canadian statutory rate						$	(45)					$	105					$	35
Non-deductible amount of share-based compensation						(19)						(19)						(19)
Adjustments to tax attributes						(4)						32						53
Change in valuation allowance related to foreign tax credits and NOLs						(21)						(6)						100
Change in valuation allowance on Canadian deferred tax assets and tax rate changes						(82)						(158)						24
Change in uncertain tax positions						(62)						(28)						(50)
Foreign tax rate differences						(4)						(42)						(57)
Non-deductible portion of Goodwill impairments						—						(104)						(175)
Other						(2)						(1)						6
						$	(239)					$	(221)					$	(83)

Schedule of deferred tax assets and liabilities valuation allowance

Deferred tax assets and liabilities as of December 31, 2024 and 2023 consist of:

(in millions)						2024						2023
Deferred tax assets:
Tax loss carryforwards						$	3,243					$	3,357
Provisions						633						653
Debt discounts and deferred financing costs						282						342
Restricted interest and financing expenses						148						—
Research and development tax credits						69						97
Scientific Research and Experimental Development pool						40						51
Tax credit carryforwards						12						17
Deferred revenue						5						—
Prepaid expenses						56						23
Share-based compensation						23						20
Other						9						16
Total deferred tax assets						4,520						4,576
Less valuation allowance						(2,284)						(2,254)
Deferred tax assets net of valuation allowance						2,236						2,322
Deferred tax liabilities:
Intangible assets						201						173
Plant, equipment and technology						62						75
Outside basis differences						133						138
Total deferred tax liabilities						396						386
Net deferred tax asset						$	1,840					$	1,936

The following table presents a reconciliation of the deferred tax asset valuation allowance:

(in millions)						2024						2023						2022
Balance, beginning of year						$	2,254					$	2,023					$	2,222
Charged to Benefit from income taxes						103						164						(124)
Charged to other accounts						(73)						67						(75)
Balance, end of year						$	2,284					$	2,254					$	2,023

Schedule of federal income tax by jurisdiction

Jurisdiction:						Open Years
United States - Federal						2015 - 2024
Canada						2012 - 2024
Germany						2014 - 2024
France						2013 - 2024
Ireland						2018 - 2024
Australia						2018 - 2024
Luxembourg						2018 - 2021

Schedule of reconciliation of unrecognized tax benefits

The following table presents a reconciliation of the unrecognized tax benefits:

(in millions)						2024						2023						2022
Balance, beginning of year						$	918					$	881					$	927
Additions based on tax positions related to the current year						61						6						156
Additions for tax positions of prior years						36						50						10
Reductions for tax positions of prior years						(62)						(15)						(127)
Lapse of statute of limitations						(29)						(4)						(85)
Balance, end of year						$	924					$	918					$	881

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 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