v3.25.4
CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY - USD ($)
$ in Millions
Total
Capital stock
Treasury stock
Additional paid-in capital
Retained earnings (accumulated deficit)
Accumulated other comprehensive income (loss)
 [1]
Beginning balance at Dec. 31, 2022 $ 1,675.9 $ 1,714.9 $ (18.5) $ 1,063.6 $ (1,096.2) $ 12.1
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Issuance of capital stock [2] 0.3 0.6   (0.3)    
Repurchase of capital stock for cancellation [3] (38.3) (43.0) 1.8 2.9    
Purchase of treasury stock for stock-based plans [4] (89.8)   (89.8)      
Stock-based compensation (SBC) (9.2)   26.4 (35.6)    
Net earnings 244.4       244.4  
Other comprehensive income (loss) (12.3)         (12.3)
Ending balance at Dec. 31, 2023 1,771.0 1,672.5 (80.1) 1,030.6 (851.8) (0.2)
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Issuance of capital stock 3.9 5.7   (1.8)    
Repurchase of capital stock for cancellation [5] (152.1) (45.4)   (106.7)    
Purchase of treasury stock for stock-based plans [6] (112.1)   (112.1)      
Stock-based compensation (SBC) (25.3)   99.3 (124.6)    
Net earnings 428.0       428.0  
Other comprehensive income (loss) (17.4)         (17.4)
Ending balance at Dec. 31, 2024 1,896.0 1,632.8 (92.9) 797.5 (423.8) (17.6)
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Issuance of capital stock 0.3 6.0   (5.7)    
Repurchase of capital stock for cancellation [7] (153.3) (19.0)   (134.3)    
Purchase of treasury stock for stock-based plans (221.6)   (221.6)      
Stock-based compensation (SBC) (153.5)   160.7 (314.2)    
Net earnings 832.5       832.5  
Other comprehensive income (loss) 15.9         15.9
Ending balance at Dec. 31, 2025 $ 2,216.3 $ 1,619.8 $ (153.8) $ 343.3 $ 408.7 $ (1.7)
[1] Accumulated other comprehensive income (loss) is net of tax. See note 13.
[2]     In 2023, we issued 18.6 million common shares upon conversion of an equivalent number of our multiple voting shares, with nil impact on our aggregate capital stock amount. See note 12.
[3] Consists of $35.6 paid to repurchase common shares for cancellation in 2023 and $2.7 accrued at December 31, 2023 for the estimated contractual maximum quantity of permitted common share repurchases (Contractual Maximum Quantity) under an automatic share purchase plan (ASPP) executed in December 2023 for such purpose (2023 NCIB Accrual). See note 12.
[4] Consists of $82.3 paid to repurchase common shares for delivery obligations under our SBC plans in 2023 and $7.5 accrued at December 31, 2023 for the estimated Contractual Maximum Quantity under an ASPP executed in September 2023 for such purpose (2023 SBC Accrual). See note 12.
[5] Consists of $152.0 paid to repurchase common shares for cancellation in 2024 and accrued share buyback taxes, offset in part by the reversal of 2023 NCIB Accrual. See note 12.
[6] Consists of $119.6 paid to repurchase common shares for delivery obligations under our SBC plans in 2024, offset in part by the reversal of 2023 SBC Accrual. See note 12.
[7] Consists of $150.7 paid to repurchase common shares for cancellation in 2025 and accrued share buyback taxes. See note 12.