DIRECT COSTS (Tables)

12 Months Ended

Dec. 31, 2024

Analysis of income and expense [abstract]

Disclosure of direct costs

Direct costs include all attributable expenses except interest, taxes and fair value changes, and primarily relate to cost of sales, depreciation and amortization, and compensation. The following table lists direct costs for 2024 and 2023 by nature:

FOR THE YEARS ENDED DEC. 31 (MILLIONS)	2024		2023
Cost of sales1	$	40,124	$	52,224
Depreciation and amortization	9,737		9,075
Compensation	9,410		11,155
Selling, general and administrative expenses	4,932		5,354
Property taxes, sales taxes and other	3,733		3,601
	$	67,936	$	81,409