Debt (Tables)

12 Months Ended

Dec. 31, 2024

Debt Disclosure [Abstract]

Schedule of Company's Long-Term Debt

[a] The Company’s long-term debt, net of unamortized issuance costs, is substantially uncollateralized and consists of the following:

	2024			2023
Senior Notes[i]
$650 million due October 2025 at 4.150%	$	649		$	648
$300 million due March 2026 at 5.980%		299			298
€600 million due September 2027 at 1.500%		620			662
$400 million due March 2029 at 5.050%		397			—
Cdn$450 million due May 2029 at 4.800%		311			—
$750 million due June 2030 at 2.450%		746			745
Cdn$350 million due January 2031 at 4.950%		242			263
€550 million due March 2032 at 4.375%		566			604
$500 million due March 2033 at 5.500%		496			495
$750 million due June 2024 at 3.625%		—			750
Bank term debt at a weighted average interest rate of 5.06% [2023 – 5.99%], denominated primarily in USD and Chinese Renminbi		506			510
Government loans at a weighted average interest rate of 0.00% [2023 – 0.12%], denominated primarily in Canadian dollar		6			8
Other		4			11
		4,842			4,994
Less due within one year		708			819
	$	4,134		$	4,175

[i] The Senior Notes are unsecured obligations and do not include any financial covenants. The Company may redeem the notes in whole or in part at any time, and from time to time, at specified redemption prices determined in accordance with the terms of the indenture governing the Senior Notes.

Schedule of Future Principal Repayments on Long-Term Debt

[b] Future principal repayments on long-term debt are estimated to be as follows:

2025	$	709
2026		408
2027		652
2028		305
2029		716
Thereafter		2,072
	$	4,862

Interest Expense, Net

[e] Interest expense, net includes:

		2024			2023
Interest expense
	Current	$	127		$	80
	Long-term		182			162
		309			242
Interest income			(98	)		(86	)
Interest expense, net		$	211		$	156

Schedule of Senior Notes Issued During Quarter of 2023 With Maturity Date

[c] During 2024, the Company issued the following Senior Notes:

	Settlement Date		Maturity Date
Cdn$450 million at 4.800%	May 30, 2024		May 30, 2029
$400 million at 5.050%	March 14, 2024		March 14, 2029