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INCOME TAXES - Income Tax Recognized in Profit or Loss (Details) - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Income Taxes [Abstract]      
Current income tax expense [1] $ 356 $ 348 $ 341
Origination and reversal of temporary differences 18 22 16
Change in tax rates or the imposition of new taxes (8) 4 0
Deferred tax assets recognized (1) (6) (95)
Total income tax expense 365 368 262
Net income before income tax and non-controlling interests 437 974 1,881
Income tax expense calculated at the domestic rates applicable to profits in the country concerned 120 328 576
Change in tax rates and new legislation (8) 4 0
International operations subject to different tax rates 46 6 (1)
Taxable income attributable to non-controlling interests 1 0 (2)
Deferred tax assets recognized (1) (6) (95)
Foreign exchange 31 (6) 12
Non-deductible dividends on exchangeable shares 56 47 42
Non-deductible remeasurement adjustments on exchangeable and class B shares 126 (9) (280)
Permanent differences and other (6) 4 10
Income tax expense recognized in profit or loss $ 365 $ 368 $ 262
[1]
Earnings per share have not been presented in the financial statements, as the underlying shares do not constitute “ordinary shares” under IAS 33, Earnings per share. See Note 3(b), Material Accounting Policy Information, for further details.