v3.25.4
GOODWILL AND INTANGIBLE ASSETS, NET (Tables)
12 Months Ended
Dec. 31, 2025
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of Intangible Assets
Intangible assets, net consists of the following:
AS AT DECEMBER 31,
(MILLIONS)
20252024
Contractual customer relationships$362 $145 
Accumulated amortization and impairment(128)(107)
Intangible assets, net$234 $38 
Changes in intangible assets, net consists of the following:
AS AT DECEMBER 31,
(MILLIONS)
20252024
Balance, beginning of year$38 $42 
2025 Arrangement215 — 
Amortization(20)(4)
Other1 — 
Balance, end of year$234 $38