XML 31 R2.htm IDEA: XBRL DOCUMENT v3.25.0.1
Consolidated Statements of Financial Position - USD ($)
$ in Millions
Dec. 31, 2024
Dec. 31, 2023
Jan. 01, 2023
Current assets      
Cash and cash equivalents $ 92 $ 95 $ 187 [1]
Short-term investments   11  
Accounts receivable 398 398 337 [1]
Unbilled revenue [2] 157 174 138 [1]
Inventories 258 294 273 [1]
Work-in-progress related to finance leases 35   31 [1]
Energy infrastructure ("EI") assets - finance leases receivable 49 43 44 [1]
Income taxes receivable 3 3 8 [1]
Derivative financial instruments [1]     1
Prepayments 49 58 53 [1]
Assets held for sale   7  
Total current assets 1,041 1,083 1,072 [1]
Unbilled revenue 2 135 165 [1]
Property, plant and equipment ("PP&E") 96 104 113 [1]
EI assets - operating leases 713 864 914 [1]
EI assets - finance leases receivable 189 161 173 [1]
Lease right-of-use assets 58 62 58 [1]
Deferred tax assets 24 21 16 [1]
Intangible assets 37 55 76 [1]
Goodwill 422 433 498 [1]
Other assets 209 40 59 [1]
Total assets 2,791 2,958 3,144 [1]
Current liabilities      
Accounts payable and accrued liabilities 413 424 464 [1]
Provisions 22 20 14 [1]
Income taxes payable 79 56 55 [1]
Deferred revenue 375 297 270 [1]
Current portion of long-term debt 0 40 20 [1]
Lease liabilities 22 19 15 [1]
Derivative financial instruments   1 1 [1]
Other current liabilities   6  
Liabilities associated with assets held for sale   5  
Total current liabilities 911 868 839 [1]
Deferred revenue 11 22 25 [1]
Long-term debt 708 879 1,007 [1]
Lease liabilities 47 57 54 [1]
Deferred tax liabilities 48 65 65 [1]
Other liabilities 17 13 14 [1]
Total liabilities 1,742 1,904 2,004 [1]
Shareholders' equity      
Share capital 505 504 503 [1]
Contributed surplus 678 678 678 [1]
Retained earnings 80 58 151 [1]
Accumulated other comprehensive losses (214) (186) (192) [1]
Total shareholders' equity 1,049 1,054 1,140 [1]
Total liabilities and shareholders' equity $ 2,791 $ 2,958 $ 3,144 [1]
[1] Effective January 1, 2024, the Company changed its presentation currency from Canadian dollars to United States dollars. Refer to Note 4 “Changes in Accounting Policies” for further details.
[2] Unbilled revenue was previously titled contract assets. There were no dollar amounts reclassified as a result of the change in name.