v3.25.4
PROPERTY, PLANT AND EQUIPMENT, NET
12 Months Ended
Dec. 31, 2025
Property, Plant and Equipment [Abstract]  
PROPERTY, PLANT AND EQUIPMENT, NET PROPERTY, PLANT AND EQUIPMENT, NET
AS AT DECEMBER 31,
(MILLIONS)
20252024
Property, plant, and equipment, net$43 $30 
Leasehold improvements, net49 28 
$92 $58 
Depreciation expense of $12 million (2024 – $6 million, 2023 – $3 million) related to property, plant, and equipment, and $8 million (2024 – $5 million, 2023 – $8 million) related to leasehold improvements for the years ended December 31, 2025, 2024 and 2023, is included in general, administrative, and other in the consolidated statements of operations.