Annual report [Section 13 and 15(d), not S-K Item 405]

Income Taxes - Deferred Taxes (Details)

v3.26.1
Income Taxes - Deferred Taxes (Details) - USD ($)
$ in Millions
Dec. 31, 2025
Dec. 31, 2024
Deferred tax assets:    
Tax losses and credit carryforwards $ 772 $ 594
Foreign tax credit carryforwards 102 101
Operating lease liability 152 123
Other accrued liabilities 25 35
Prepaid royalty 23 43
Other 0 15
Deferred tax assets 1,074 911
Valuation allowance (535) (500)
Net deferred tax assets 539 411
Deferred tax liabilities:    
Intangible assets 304 540
Fixed assets 36 22
Discount on exchangeable debentures 1,275 1,136
Other 46 0
Deferred tax liabilities 1,661 1,698
Net deferred tax liabilities $ 1,122 $ 1,287