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Consolidated Statements of Changes in Shareholders' Equity - USD ($)
$ in Millions
Total
Share Capital
Retained Earnings
Accumulated Other Comprehensive Loss
Balance, beginning of year (in shares) at Dec. 31, 2022   83,555,414    
Balance, beginning of year at Dec. 31, 2022 $ 7,619 $ 2,667 $ 5,283 $ (332)
Profit (loss) (167)   (167)  
Translation loss on foreign operations 34     34
Actuarial loss on retirement benefits, net of tax (35)   (35)  
Issuance of common shares   383    
Repurchase of common shares for cancellation (in share)   (1,834,801)    
Repurchase of Common shares for cancellation (129) $ (60) (69)  
Dividends declared (100)   (100)  
Balance, end of year (in shares) at Dec. 31, 2023   81,720,996    
Balance, end of year at Dec. 31, 2023 7,223 $ 2,607 4,913 (297)
Profit (loss) (5)   (5)  
Translation loss on foreign operations (24)     (24)
Actuarial loss on retirement benefits, net of tax 8   8  
Issuance of common shares   12,550    
Repurchase of Common shares for cancellation 1 $ 1    
Repurchase of common shares for cancellation (in share)   (1,745,280)    
Repurchase of Common shares for cancellation (147) $ (59) (88)  
Dividends declared (102) [1]   (102)  
Balance, end of year (in shares) at Dec. 31, 2024   79,988,266    
Balance, end of year at Dec. 31, 2024 $ 6,954 $ 2,549 $ 4,726 $ (321)
[1] Cash dividends declared during the year ended December 31, 2023 were $1.20 per share. Cash dividends declared during the year ended December 31, 2024 were $1.26 per share.