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Consolidated Statements of Earnings (Loss) and Other Comprehensive Income (Loss) - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Profit or loss [abstract]    
Revenue $ 2,414 $ 2,343
Cost of goods sold ("COGS") 1,910 1,886
Gross margin 504 457
Selling, general and administrative expenses ("SG&A") 327 293
Foreign exchange ("FX") loss 4 43
Operating income 173 121
Loss on disposal of PP&E 0 (2)
Loss on financial instruments (11) (14)
Gain on redemption options 17 0
Equity earnings from associates and joint ventures 0 2
Impairment of goodwill 0 (65)
Earnings before finance costs and income taxes ("EBIT") 179 42
Net finance costs 98 94
Earnings (loss) before income taxes ("EBT") 81 (52)
Current income taxes 72 39
Deferred income taxes (23) (8)
Income taxes 49 31
Net earnings (loss) 32 (83)
Items that may be reclassified to profit or loss in subsequent periods    
Gain on derivatives designated as cash flow hedges transferred to net earnings (loss), net of income tax expense 1 0
Unrealized gain (loss) on translation of foreign-denominated debt (51) 15
Unrealized gain (loss) on translation of financial statements of foreign operations 22 (9)
Other comprehensive income (loss) (28) 6
Total comprehensive income (loss) $ 4 $ (77)
Earnings (loss) per share - basic $ 0.26 $ (0.67)
Earnings (loss) per share - diluted $ 0.26 $ (0.67)
Weighted average number of shares – basic 124,023,920 123,834,242
Weighted average number of shares – diluted 124,164,271 123,834,242