XML 28 R9.htm IDEA: XBRL DOCUMENT v3.25.0.1
Consolidated Statements of Cash Flows - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Cash provided by operating activities    
Profit (loss) $ (5) $ (167)
Adjustments    
Amortization 549 541
Restructuring and impairment charges 102 279
Finance income, net (34) (51)
Foreign exchange (gain) loss (7) 7
Export duty 10 (45)
Retirement benefit expense 77 77
Net contributions to retirement benefit plans (55) (37)
Tax provision (recovery) 43 (61)
Income taxes received (paid) 3 (24)
Unrealized loss (gain) on electricity swaps 8 (13)
Other (15) 8
Changes in non-cash working capital    
Receivables 5 6
Inventories 11 132
Prepaid expenses 4 4
Payables and accrued liabilities (35) (131)
Cash flows from operating activities 661 525
Cash used for financing activities    
Repayment of long-term debt (300) 0
Repayment of lease obligations (15) (15)
Finance expense paid (27) (24)
Repurchase of Common shares for cancellation (140) (129)
Proceeds from issuing shares 1 0
Dividends paid (101) (100)
Cash flows used in financing activities (582) (268)
Cash used for investing activities    
Spray Lake Acquisition, net of cash acquired 0 (100)
Proceeds from sale of pulp mills 124 0
Additions to capital assets (487) (477)
Interest received 43 47
Other inflows (outflows) of cash 2 0
Cash flows used in investing activities (318) (530)
Change in cash and cash equivalents (238) (273)
Foreign exchange effect on cash and cash equivalents (21) 10
Cash and cash equivalents at beginning of period 900 1,162
Cash and cash equivalents at end of period $ 641 $ 900