0001193125-26-094222 | 40-F | XBRL Viewer

tri_SharesIssuedUnderDividendReinvestmentPlan

34,000,000

tri_SharesIssuedUnderDividendReinvestmentPlan

34,000,000

tri_SharesIssuedUnderDividendReinvestmentPlan

34,000,000

tri_SharesIssuedUnderDividendReinvestmentPlan

34,000,000

tri_SharesIssuedUnderDividendReinvestmentPlan

29,000,000

tri_SharesIssuedUnderDividendReinvestmentPlan

29,000,000

tri_SharesIssuedUnderDividendReinvestmentPlan

29,000,000

tri_SharesIssuedUnderDividendReinvestmentPlan

29,000,000

tri_SharesIssuedUnderDividendReinvestmentPlan

29,000,000

tri_SharesIssuedUnderDividendReinvestmentPlan

tri_SharesIssuedUnderDividendReinvestmentPlan

tri_SharesIssuedUnderDividendReinvestmentPlan

34,000,000

tri_SharesIssuedUnderDividendReinvestmentPlan

Recurring Revenues Subscription Term

tri_SharesIssuedUnderDividendReinvestmentPlan

$ 0

tri_RecurringRevenuesSubscriptionTerm

1 year

Recurring Revenues Subscription Term

tri_RecurringRevenuesSubscriptionTerm

5 years

Description Of Criteria Period For Contract Cost Recognized As Asset

tri_DescriptionOfCriteriaPeriodForContractCostRecognizedAsAsset

longer than one year

Period Contract Costs Expense as Incurred

tri_PeriodContractCostsExpenseAsIncurred

one year or less

Description of Maturity Period For Investments

tri_DescriptionOfMaturityPeriodForInvestments

three months or less

Aggregate Provision For Uncertain Tax Position

tri_AggregateProvisionForUncertainTaxPosition

$ 303,000,000

Deferred Tax Assets Gross

tri_DeferredTaxAssetsGross

1,806,000,000

Unrecognized Deferred Tax Assets

tri_UnrecognizedDeferredTaxAssets

$ 654,000,000

tri_RevenueOfRemainingPerformanceObligations

27.00%

tri_RevenueOfRemainingPerformanceObligations

27.00%

tri_RevenueOfRemainingPerformanceObligations

15.00%

tri_RevenueOfRemainingPerformanceObligations

14.00%

tri_RevenueOfRemainingPerformanceObligations

9.00%

tri_RevenueOfRemainingPerformanceObligations

9.00%

tri_RevenueOfRemainingPerformanceObligations

49.00%

Number of Reportable Segment

tri_RevenueOfRemainingPerformanceObligations

50.00%

tri_NumberOfReportableSegment

Segmented Employee Benefits Expense

tri_SegmentedEmployeeBenefitsExpense

$ 2,590,000,000

^[1]

Segmented Employee Benefits Expense

tri_SegmentedEmployeeBenefitsExpense

2,551,000,000

^[1]

tri_SegmentedGoodsAndServicesExpenses

(24,000,000)

^[1]

tri_SegmentedGoodsAndServicesExpenses

(24,000,000)

^[1]

tri_SegmentedGoodsAndServicesExpenses

1,479,000,000

^[1]

Adjustments For Fair Value On Acquired Deferred Revenue

tri_SegmentedGoodsAndServicesExpenses

1,469,000,000

^[1]

tri_AdjustmentsForFairValueOnAcquiredDeferredRevenue

(20,000,000)

Adjustments For Fair Value On Acquired Deferred Revenue

tri_AdjustmentsForFairValueOnAcquiredDeferredRevenue

(9,000,000)

Reportable Segments Adjusted EBITDA

tri_ReportableSegmentsAdjustedEbitda

3,054,000,000

Reportable Segments Adjusted EBITDA

tri_ReportableSegmentsAdjustedEbitda

2,884,000,000

Corporate costs

tri_CorporateCosts

(118,000,000)

Corporate costs

tri_CorporateCosts

(105,000,000)

Adjustments For Remove Fair Value On Acquired Deferred Revenue

tri_AdjustmentsForRemoveFairValueOnAcquiredDeferredRevenue

20,000,000

Adjustments For Remove Fair Value On Acquired Deferred Revenue

tri_AdjustmentsForRemoveFairValueOnAcquiredDeferredRevenue

9,000,000

Fair Value Adjustments Netted With Acquired Deferred Revenue

tri_FairValueAdjustmentsNettedWithAcquiredDeferredRevenue

18,000,000

Fair Value Adjustments Netted With Acquired Deferred Revenue

tri_FairValueAdjustmentsNettedWithAcquiredDeferredRevenue

$ (17,000,000)

Disclosure In Entirety Of Disposals Explanatory

tri_DisclosureInEntiretyOfDisposalsExplanatory

Note 7: Disposals

In 2025, disposals of businesses were not material. In December 2024, the Company sold its FindLaw business in a transaction valued at up to $410 million, as well as certain other non-core businesses, which were individually not material to the results of operations. FindLaw, an operator of an online legal directory and provider of website creation and hosting services, law firm marketing solutions, and peer rating services, was reported within the Legal segment. The consideration recorded in December 2024 from the sale of FindLaw and the other non-core businesses consisted of $297 million in cash proceeds received and $88 million of contingent receivables, which are subject to the achievement of certain performance milestones through June 2026. The contingent receivables have been included in “Other financial assets”, current in the consolidated statement of financial position. The gain on sale of FindLaw and the other non-core businesses was $196 million in aggregate.

The net assets disposed and gain on the above transactions as of their closing date are as follows:


	Year ended December 31,
(millions of U.S. dollars)		2024
Consideration received or receivable:
Cash and cash equivalents		297
Fair value of contingent consideration		88
Total consideration		385
Trade and other receivables		(23)
Prepaid expenses and other current assets		(24)
Software		(25)
Goodwill		(87)
Other non-current assets		(17)
Total assets		(176)
Deferred revenue		2
Total liabilities		2
Net assets disposed		(174)
Other		(15)
Gain on sale before income tax		196

Total Sales Price

tri_TotalSalesPrice

$ 410,000,000

Disclosure In Tabular Form Of Consideration Received On Disposal Of Business Explanatory

tri_DisclosureInTabularFormOfConsiderationReceivedOnDisposalOfBusinessExplanatory

The net assets disposed and gain on the above transactions as of their closing date are as follows:


	Year ended December 31,
(millions of U.S. dollars)		2024
Consideration received or receivable:
Cash and cash equivalents		297
Fair value of contingent consideration		88
Total consideration		385
Trade and other receivables		(23)
Prepaid expenses and other current assets		(24)
Software		(25)
Goodwill		(87)
Other non-current assets		(17)
Total assets		(176)
Deferred revenue		2
Total liabilities		2
Net assets disposed		(174)
Other		(15)
Gain on sale before income tax		196

Other Disposal

tri_OtherDisposal

$ 15,000,000

Fair Value (Gains) Losses On Financial Instruments On Debt

tri_FairValueGainsLossesOnFinancialInstrumentsOnDebt

(14,000,000)

Fair Value (Gains) Losses On Financial Instruments On Debt

tri_FairValueGainsLossesOnFinancialInstrumentsOnDebt

Fair Value (Gains) Losses On Financial Instruments On Fair value hedges

tri_FairValueGainsLossesOnFinancialInstrumentsOnFairValueHedges

14,000,000

Fair Value (Gains) Losses On Financial Instruments On Fair value hedges

tri_FairValueGainsLossesOnFinancialInstrumentsOnFairValueHedges

Reclassification adjustments on cash flow hedges, net of tax foreign exchange

tri_ReclassificationAdjustmentsOnCashFlowHedgesNetOfTaxForeignExchange

(27,000,000)

Reclassification adjustments on cash flow hedges, net of tax foreign exchange

tri_ReclassificationAdjustmentsOnCashFlowHedgesNetOfTaxForeignExchange

88,000,000

(Gains) Losses recognized in profit loss arise from foreign currency translation Related to debt

tri_GainsLossesRecognizedInProfitLossAriseFromForeignCurrencyTranslationRelatedToDebt

27,000,000

(Gains) Losses recognized in profit loss arise from foreign currency translation Related to debt

tri_GainsLossesRecognizedInProfitLossAriseFromForeignCurrencyTranslationRelatedToDebt

(88,000,000)

Net Interest Expense From Debt And Other

tri_NetInterestExpenseFromDebtAndOther

143,000,000

Net Interest Expense From Debt And Other

tri_NetInterestExpenseFromDebtAndOther

$ 163,000,000

Shares In The Investee Company Disposed During The Period

tri_SharesInTheInvesteeCompanyDisposedDuringThePeriod

16,000,000

Proceeds From Payment To Settlement Of Foreign Exchange Contracts

tri_ProceedsFromPaymentToSettlementOfForeignExchangeContracts

$ 24,000,000

Proceeds From Payment To Settlement Of Foreign Exchange Contracts

tri_ProceedsFromPaymentToSettlementOfForeignExchangeContracts

$ 24,000,000

Disclosure Of Detailed Information Of Post Tax Earnings In Its Ypl Investment [Table Text Block]

tri_DisclosureOfDetailedInformationOfPostTaxEarningsInItsYplInvestmentTableTextBlock

The Company’s share of post-tax earnings (losses) in its YPL investment was comprised of the following items in 2024:


	Year ended December 31,
(millions of U.S. dollars)		2024
Decrease in LSEG share price		(86)
Foreign exchange losses on LSEG shares		(3)
Dividend income		6
Gain from call options		22
Historical excluded equity adjustment(1)		129
YPL - Share of post-tax earnings in equity method investments		68

(1)

Represents income from the recognition of the remaining cumulative impact of equity transactions that were excluded from the Company’s investment in YPL.

Gain Loss Due To Change In Fair Value Of Equity Method Investments

tri_GainLossDueToChangeInFairValueOfEquityMethodInvestments

$ (86,000,000)

Foreign Exchange Gain Losses On Equity Method Investments

tri_ForeignExchangeGainLossesOnEquityMethodInvestments

(3,000,000)

Gain Loss From Call Options

tri_GainLossFromCallOptions

22,000,000

Gain Loss From Call Options

tri_GainLossFromCallOptions

92,000,000

Historical Excluded Equity Adjustment

tri_HistoricalExcludedEquityAdjustment

$ 129,000,000

Summary Financial Information [Table Text Block]

tri_SummaryFinancialInformationTableTextBlock

Set forth below is summarized financial information for 100% of YPL for the six months ended June 30, 2024 when YPL was a material associate of the Company.


	Six months ended June 30,
(millions of U.S. dollars)		2024
Mark-to-market of LSEG shares		(394)
Dividend income		32
Gain from call options		92
Net loss		(270)
Total comprehensive loss		(270)

Mark To Market Of LSEG Shares

tri_MarkToMarketOfLsegShares

$ 394,000,000

Tax Effect of Tax Expense Related Transfer of Certain Technology Assets

tri_TaxEffectOfTaxExpenseRelatedTransferOfCertainTechnologyAssets

72,000,000

Tax Effect Of Net Non deductible Non taxable Foreign Exchange And Other Losses Gains

tri_TaxEffectOfNetNonDeductibleNonTaxableForeignExchangeAndOtherLossesGains

(9,000,000)

Tax Effect Of Net Non deductible Non taxable Foreign Exchange And Other Losses Gains

tri_TaxEffectOfNetNonDeductibleNonTaxableForeignExchangeAndOtherLossesGains

16,000,000

Tax On Changes in Statutory Inter Company Investment Values

tri_TaxOnChangesInStatutoryInterCompanyInvestmentValues

30,000,000

Tax On Changes in Statutory Inter Company Investment Values

tri_TaxOnChangesInStatutoryInterCompanyInvestmentValues

12,000,000

Provision For Uncertain Tax Positions

tri_ProvisionForUncertainTaxPositions

3,000,000

Provision For Uncertain Tax Positions

tri_ProvisionForUncertainTaxPositions

(9,000,000)

Recognition Of Tax Assets That Arose In Prior Years

tri_RecognitionOfTaxAssetsThatAroseInPriorYears

(468,000,000)

Derecognition Of Tax Assets That Arose In Prior Years

tri_DerecognitionOfTaxAssetsThatAroseInPriorYears

3,000,000

Tax Effect Of Tax Credits

tri_TaxEffectOfTaxCredits

10,000,000

Tax Effect Of Tax Credits

tri_TaxEffectOfTaxCredits

9,000,000

Other Adjustments Related To Prior Years

tri_OtherAdjustmentsRelatedToPriorYears

2,000,000

Other Adjustments Related To Prior Years

tri_OtherAdjustmentsRelatedToPriorYears

17,000,000

Tax effect Of Pillar Two Top Up Tax

tri_TaxEffectOfPillarTwoTopUpTax

5,000,000

Tax effect Of Pillar Two Top Up Tax

tri_TaxEffectOfPillarTwoTopUpTax

4,000,000

Tax Effect Of Withholding Taxes

tri_TaxEffectOfWithholdingTaxes

7,000,000

Tax Effect Of Withholding Taxes

tri_TaxEffectOfWithholdingTaxes

$ 6,000,000

Disclosure of earnings per share from continuing operations explanatory

tri_DisclosureOfEarningsPerShareFromContinuingOperationsExplanatory

Earnings used in determining consolidated earnings per share and earnings per share from continuing operations are as follows:


	Year ended December 31,
(millions of U.S. dollars)	2025	2024
Earnings attributable to common shareholders	1,502	2,210
Less: Dividends declared on preference shares	(4)	(5)
Earnings used in consolidated earnings per share	1,498	2,205
Less: Earnings from discontinued operations, net of tax	(19)	(15)
Earnings used in earnings per share from continuing operations	1,479	2,190

Preference Shares Dividends, Income Statement Impact

tri_PreferenceSharesDividendsIncomeStatementImpact

$ 4,000,000

Preference Shares Dividends, Income Statement Impact

tri_PreferenceSharesDividendsIncomeStatementImpact

$ 5,000,000

Disclosure of Weighted Average Number of Common Shares Outstanding and its Reconciliation Explanatory

tri_DisclosureOfWeightedAverageNumberOfCommonSharesOutstandingAndItsReconciliationExplanatory

The weighted-average number of common shares outstanding, as well as a reconciliation of the weighted-average number of common shares outstanding used in the basic earnings per share computation to the weighted-average number of common shares outstanding used in the diluted earnings per share computation, is presented below:


	Year ended December 31,
	2025	2024
Weighted-average number of common shares outstanding	448,852,735	450,473,207
Weighted-average number of vested DSUs	118,980	136,505
Basic	448,971,715	450,609,712
Effect of stock options and TRSUs	560,751	629,778
Diluted	449,532,466	451,239,490

Weighted Average Number Of Vested DSUs

tri_WeightedAverageNumberOfVestedDSUs

118,980

Weighted Average Number Of Vested DSUs

tri_WeightedAverageNumberOfVestedDSUs

136,505

Number Of Antidilutive Share Options Outstanding

tri_NumberOfAntidilutiveShareOptionsOutstanding

272,123

Number Of Antidilutive Share Options Outstanding

tri_NumberOfAntidilutiveShareOptionsOutstanding

224,973

Disclosure Detailed Information Of Trade And Other Receivables Explanatory [Table Text Block]

tri_DisclosureDetailedInformationOfTradeAndOtherReceivablesExplanatoryTableTextBlock

Trade and other receivables consist of the following:


	December 31,
(millions of U.S. dollars)	2025	2024
Trade receivables	1,165	1,113
Less: Allowance for expected credit losses	(23)	(23)
Less: Allowance for sales adjustments	(31)	(32)
Net trade receivables	1,111	1,058
Other receivables	32	29
Trade and other receivables	1,143	1,087

tri_AllowanceForCreditLossesOnFinancialAssets

$ 23,000,000

tri_AllowanceForCreditLossesOnFinancialAssets

23,000,000

tri_AllowanceForCreditLossesOnFinancialAssets

23,000,000

tri_AllowanceForCreditLossesOnFinancialAssets

21,000,000

Allowance For Sales Adjustments

tri_AllowanceForCreditLossesOnFinancialAssets

23,000,000

tri_AllowanceForSalesAdjustments

31,000,000

Allowance For Sales Adjustments

tri_AllowanceForSalesAdjustments

32,000,000

Trade Receivables Carrying Value

tri_TradeReceivablesCarryingValue

1,111,000,000

Trade Receivables Carrying Value

tri_TradeReceivablesCarryingValue

$ 1,058,000,000

Disclosure Of Detailed Information Of Aging Of Trade Receivables Explanatory [Table Text Block]

tri_DisclosureOfDetailedInformationOfAgingOfTradeReceivablesExplanatoryTableTextBlock

The aging of trade receivables at each reporting date are as follows:


	December 31,
(millions of U.S. dollars)	2025	2024
Current - 30 days	1,024	976
Past due 31-60 days	36	32
Past due 61-90 days	31	34
Past due 91-180 days	32	33
Past due >180 days	42	38
Balance as of December 31	1,165	1,113

Disclosure Of Allowance For Doubtful Accounts Explanatory [Table Text Block]

tri_DisclosureOfAllowanceForDoubtfulAccountsExplanatoryTableTextBlock

The change in the allowance for expected credit losses are as follows:


	December 31,
(millions of U.S. dollars)	2025	2024
Balance at beginning of year	23	21
Bad debt expense	34	45
Write-offs	(39)	(48)
Acquisitions	-	3
Disposals of businesses	-	(1)
Translation and other, net	5	3
Balance at end of year	23	23

Charges Of Allowance Account For Credit Losses Of Financial Assets

tri_ChargesOfAllowanceAccountForCreditLossesOfFinancialAssets

$ 34,000,000

Charges Of Allowance Account For Credit Losses Of Financial Assets

tri_ChargesOfAllowanceAccountForCreditLossesOfFinancialAssets

45,000,000

Allowance for credit losses Write-offs

tri_AllowanceForCreditLossesWrite-Offs

(39,000,000)

Allowance for credit losses Write-offs

tri_AllowanceForCreditLossesWrite-Offs

(48,000,000)

Acquisition Allowance Account For Credit Losses Of Financial Asset

tri_AcquisitionAllowanceAccountForCreditLossesOfFinancialAsset

Acquisition Allowance Account For Credit Losses Of Financial Asset

tri_AcquisitionAllowanceAccountForCreditLossesOfFinancialAsset

3,000,000

Disposals Of Business Allowance For Credit Loss On Financial Assets

tri_DisposalsOfBusinessAllowanceForCreditLossOnFinancialAssets

Disposals Of Business Allowance For Credit Loss On Financial Assets

tri_DisposalsOfBusinessAllowanceForCreditLossOnFinancialAssets

1,000,000

Increase Decrease Through Net Exchange And Other Differences Allowance Account For Credit Losses Of Financial Assets

tri_IncreaseDecreaseThroughNetExchangeAndOtherDifferencesAllowanceAccountForCreditLossesOfFinancialAssets

5,000,000

Increase Decrease Through Net Exchange And Other Differences Allowance Account For Credit Losses Of Financial Assets

tri_IncreaseDecreaseThroughNetExchangeAndOtherDifferencesAllowanceAccountForCreditLossesOfFinancialAssets

$ 3,000,000

Percentage Of Valuation Techniques

tri_PercentageOfValuationTechniques

60.00%

Percentage Of Valuation Techniques

tri_PercentageOfValuationTechniques

40.00%

Disclosure Of Key Assumptions Used In Performing Goodwill Impairment Explanatory [Table Text Block]

tri_DisclosureOfKeyAssumptionsUsedInPerformingGoodwillImpairmentExplanatoryTableTextBlock

The key assumptions used in performing the impairment test, by CGU, are presented below:


	Perpetual	Discount	Tax
Cash-Generating Unit	Growth Rate(1)	Rate	Rate
Legal Professionals	2.5%	11.0%	26.6%
Corporates	2.5%	11.0%	26.8%
Tax, Audit & Accounting Professionals	3.0%	11.5%	27.6%
Reuters	2.5%	13.0%	25.0%
Global Print	(5.5%)	11.5%	26.8%

(1)

The perpetual growth rate is applied to the final year of cash flow projections.

tri_AssumptionOfPerpetualGrowthRates

2.50%

tri_AssumptionOfPerpetualGrowthRates

2.50%

tri_AssumptionOfPerpetualGrowthRates

3.00%

tri_AssumptionOfPerpetualGrowthRates

2.50%

tri_AssumptionOfPerpetualGrowthRates

(5.50%)

tri_FinancialAssetsLiabilitiesNet

$ (1,919,000,000)

tri_FinancialAssetsLiabilitiesNet

567,000,000

tri_FinancialAssetsLiabilitiesNet

168,000,000

tri_FinancialAssetsLiabilitiesNet

(16,000,000)

tri_FinancialAssetsLiabilitiesNet

(1,200,000,000)

tri_FinancialAssetsLiabilitiesNet

(2,090,000,000)

tri_FinancialAssetsLiabilitiesNet

1,404,000,000

tri_FinancialAssetsLiabilitiesNet

99,000,000

tri_FinancialAssetsLiabilitiesNet

(21,000,000)

Debt-offer Transaction Costs

tri_FinancialAssetsLiabilitiesNet

$ (608,000,000)

Derivatives Hedge Ratio

tri_DerivativesHedgeRatio

1:1

Solicitation Fees

tri_SolicitationFees

$ 4,000,000

tri_DebtOfferTransactionCosts

$ 8,000,000

Fixed to Floating Interest Rate Swaps Notional Amount

tri_FixedToFloatingInterestRateSwapsNotionalAmount

410,000,000

Fixed to Floating Interest Rate Swaps Notional Amount

tri_FixedToFloatingInterestRateSwapsNotionalAmount

80,000,000

Fixed to Floating Interest Rate Swaps Notional Amount

tri_FixedToFloatingInterestRateSwapsNotionalAmount

330,000,000

Currency And Interest Rate Received

tri_CurrencyAndInterestRateReceived

Fixed interest

Currency And Interest Rate Received

tri_CurrencyAndInterestRateReceived

Canadian dollar fixed

Currency And Interest Rate Paid

tri_CurrencyAndInterestRatePaid

Floating SOFR

Currency And Interest Rate Paid

tri_CurrencyAndInterestRatePaid

U.S. dollar fixed

Description Of Types Of Hedge

tri_DescriptionOfTypesOfHedge

Interest rate

Description Of Types Of Hedge

tri_DescriptionOfTypesOfHedge

Foreign exchange

Financial Instruments Designated As Hedging Instruments Maturity

tri_FinancialInstrumentsDesignatedAsHedgingInstrumentsMaturity

2043

Financial Instruments Designated As Hedging Instruments Maturity

tri_FinancialInstrumentsDesignatedAsHedgingInstrumentsMaturity

2025

Debt Before Currency Hedging Arrangements

tri_DebtBeforeCurrencyHedgingArrangements

$ 2,123,000,000

^[2]

Debt Before Currency Hedging Arrangements

tri_DebtBeforeCurrencyHedgingArrangements

2,820,000,000

Debt After Currency Hedging Arrangements

tri_DebtAfterCurrencyHedgingArrangements

2,123,000,000

^[2]

Debt After Currency Hedging Arrangements

tri_DebtAfterCurrencyHedgingArrangements

2,841,000,000

^[3]

Fair Value Financial Instruments Designated As Hedging Instruments

tri_FairValueFinancialInstrumentsDesignatedAsHedgingInstruments

14,000,000

Fair Value Financial Instruments Designated As Hedging Instruments

tri_FairValueFinancialInstrumentsDesignatedAsHedgingInstruments

$ 5,000,000

tri_PercentageShareOfBorrowings

82.00%

tri_PercentageShareOfBorrowings

100.00%

tri_PercentageShareOfBorrowings

18.00%

tri_PercentageShareOfBorrowings

0.00%

tri_PercentageShareOfBorrowings

100.00%

Percentage strengthening of US dollar against other foreign currencies

tri_PercentageShareOfBorrowings

100.00%

tri_PercentageStrengtheningOfUsDollarAgainstOtherForeignCurrencies

10.00%

Impact On Earnings From Financial Assets And Liabilities Due To Changes In Foreign Currency Exchange Rates

tri_ImpactOnEarningsFromFinancialAssetsAndLiabilitiesDueToChangesInForeignCurrencyExchangeRates

$ 1,000,000

Impact on Earnings from Receivables Under Indemnification Arrangement And Contingent Receivables Due to Changes in Foreign Currency Exchange Rates

tri_ImpactOnEarningsFromReceivablesUnderIndemnificationArrangementAndContingentReceivablesDueToChangesInForeignCurrencyExchangeRates

(29,000,000)

Impact On Earnings From Nonpermanent Inter company Loans Due To Changes In Foreign Currency Exchange Rates

tri_ImpactOnEarningsFromNonpermanentInterCompanyLoansDueToChangesInForeignCurrencyExchangeRates

44,000,000

Impact On Earnings Due To Changes In Foreign Currency Exchange Rates Due To Changes In Foreign Currency Exchange Rates

tri_ImpactOnEarningsDueToChangesInForeignCurrencyExchangeRatesDueToChangesInForeignCurrencyExchangeRates

$ 16,000,000

Reasonably Possible Increase In Basis Points

tri_ReasonablyPossibleIncreaseInBasisPoints

100

Reasonably Possible Increase In Basis Points

tri_ReasonablyPossibleIncreaseInBasisPoints

100

Reasonably Possible Decrease In Basis Points

tri_ReasonablyPossibleDecreaseInBasisPoints

100

Reasonably Possible Decrease In Basis Points

tri_ReasonablyPossibleDecreaseInBasisPoints

100

Percentage Of Cash And Cash Equivalents Held By A Rated Institutions

tri_PercentageOfCashAndCashEquivalentsHeldByARatedInstitutions

96.00%

Borrowings Maximum Borrowing Capacity

tri_BorrowingsMaximumBorrowingCapacity

$ 2,000,000,000

Basis Point Adjustment To Reference Interest Rate

tri_BasisPointAdjustmentToReferenceInterestRate

9.2

Additional Commitment From Lenders

tri_AdditionalCommitmentFromLenders

$ 600,000,000

Maximum CreditFacility Agreement

tri_MaximumCreditFacilityAgreement

$ 2,600,000,000

Required ratio of net debt to ebitda

tri_RequiredRatioOfNetDebtToEbitda

4.5

Net Debt to EBITDA Ratio

tri_NetDebtToEBITDARatio

0.6

tri_DebtRelatedHedgesOutFlows

$ 25,000,000

tri_DebtRelatedHedgesOutFlows

20,000,000

tri_DebtRelatedHedgesOutFlows

20,000,000

tri_DebtRelatedHedgesOutFlows

21,000,000

tri_DebtRelatedHedgesOutFlows

22,000,000

tri_DebtRelatedHedgesOutFlows

325,000,000

tri_DebtRelatedHedgesOutFlows

433,000,000

tri_DebtRelatedHedgesOutFlows

1,011,000,000

tri_DebtRelatedHedgesOutFlows

tri_DebtRelatedHedgesOutFlows

tri_DebtRelatedHedgesOutFlows

tri_DebtRelatedHedgesOutFlows

tri_DebtRelatedHedgesOutFlows

tri_DebtRelatedHedgesOutFlows

1,011,000,000

tri_DebtRelatedHedgesInFlows

26,000,000

tri_DebtRelatedHedgesInFlows

22,000,000

tri_DebtRelatedHedgesInFlows

22,000,000

tri_DebtRelatedHedgesInFlows

22,000,000

tri_DebtRelatedHedgesInFlows

22,000,000

tri_DebtRelatedHedgesInFlows

288,000,000

tri_DebtRelatedHedgesInFlows

402,000,000

tri_DebtRelatedHedgesInFlows

984,000,000

tri_DebtRelatedHedgesInFlows

tri_DebtRelatedHedgesInFlows

tri_DebtRelatedHedgesInFlows

tri_DebtRelatedHedgesInFlows

tri_DebtRelatedHedgesInFlows

Credit Ratings On Long term Debt Description

tri_DebtRelatedHedgesInFlows

$ 984,000,000

tri_CreditRatingsOnLongtermDebtDescription

Baa1

Credit Ratings On Long term Debt Description

tri_CreditRatingsOnLongtermDebtDescription

A-

Credit Ratings On Long term Debt Description

tri_CreditRatingsOnLongtermDebtDescription

A-

Credit Ratings On Commercial Paper Description

tri_CreditRatingsOnCommercialPaperDescription

P-2

Credit Ratings On Commercial Paper Description

tri_CreditRatingsOnCommercialPaperDescription

A-2

Credit Ratings On Commercial Paper Description

tri_CreditRatingsOnCommercialPaperDescription

Credit Ratings Trend Description

tri_CreditRatingsTrendDescription

Positive

Credit Ratings Trend Description

tri_CreditRatingsTrendDescription

Stable

Credit Ratings Trend Description

tri_CreditRatingsTrendDescription

Stable

Debt After Swaps

tri_DebtAfterSwaps

$ 2,139,000,000

Debt After Swaps

tri_DebtAfterSwaps

2,841,000,000

Reduction Of Fair Value Adjustments For Hedges

tri_ReductionOfFairValueAdjustmentsForHedges

2,000,000

Reduction Of Fair Value Adjustments For Hedges

tri_ReductionOfFairValueAdjustmentsForHedges

(5,000,000)

Debt After Currency Related Component Of Hedging Arrangements

tri_DebtAfterCurrencyRelatedComponentOfHedgingArrangements

2,137,000,000

Debt After Currency Related Component Of Hedging Arrangements

tri_DebtAfterCurrencyRelatedComponentOfHedgingArrangements

2,846,000,000

Debt Issuance Cost

tri_DebtIssuanceCost

(28,000,000)

Debt Issuance Cost

tri_DebtIssuanceCost

(22,000,000)

Other Receivables From Indemnification Arrangement And Contingent Receivables

tri_OtherReceivablesFromIndemnificationArrangementAndContingentReceivables

Other Receivables From Indemnification Arrangement And Contingent Receivables

tri_OtherReceivablesFromIndemnificationArrangementAndContingentReceivables

Other Receivables From Indemnification Arrangement And Contingent Receivables

tri_OtherReceivablesFromIndemnificationArrangementAndContingentReceivables

372,000,000

Other Receivables From Indemnification Arrangement And Contingent Receivables

tri_OtherReceivablesFromIndemnificationArrangementAndContingentReceivables

372,000,000

Other Receivables From Indemnification Arrangement And Contingent Receivables

tri_OtherReceivablesFromIndemnificationArrangementAndContingentReceivables

Other Receivables From Indemnification Arrangement And Contingent Receivables

tri_OtherReceivablesFromIndemnificationArrangementAndContingentReceivables

Other Receivables From Indemnification Arrangement And Contingent Receivables

tri_OtherReceivablesFromIndemnificationArrangementAndContingentReceivables

360,000,000

Other Receivables From Indemnification Arrangement And Contingent Receivables

tri_OtherReceivablesFromIndemnificationArrangementAndContingentReceivables

360,000,000

Due From Indemnification Arrangements

tri_DueFromIndemnificationArrangements

288,000,000

Due From Indemnification Arrangements

tri_DueFromIndemnificationArrangements

272,000,000

Employee Longterm Incentives

tri_EmployeeLongtermIncentives

75,000,000

Employee Longterm Incentives

tri_EmployeeLongtermIncentives

$ 75,000,000

Lease Retirement Obligations Expected Settlement Period

tri_LeaseRetirementObligationsExpectedSettlementPeriod

4 years

tri_TaxLossesCarryforward

$ 1,799,000,000

tri_TaxLossesCarryforward

1,784,000,000

tri_TaxLossesCarryforward

552,000,000

tri_TaxLossesCarryforward

365,000,000

tri_TaxLossesCarryforward

542,000,000

tri_TaxLossesCarryforward

tri_TaxLossesCarryforward

5,042,000,000

tri_TaxValueOperatingLosses

477,000,000

tri_TaxValueOperatingLosses

427,000,000

tri_TaxValueOperatingLosses

139,000,000

tri_TaxValueOperatingLosses

90,000,000

tri_TaxValueOperatingLosses

143,000,000

tri_TaxValueOperatingLosses

4,000,000

tri_TaxValueOperatingLosses

1,280,000,000

tri_DeferredTaxAssetsAndOtherTax

336,000,000

tri_DeferredTaxAssetsAndOtherTax

138,000,000

tri_DeferredTaxAssetsAndOtherTax

27,000,000

tri_DeferredTaxAssetsAndOtherTax

tri_DeferredTaxAssetsAndOtherTax

123,000,000

tri_DeferredTaxAssetsAndOtherTax

2,000,000

Undistributed earnings of nonCanadian subsidiaries

tri_DeferredTaxAssetsAndOtherTax

626,000,000

tri_UndistributedEarningsOfNoncanadianSubsidiaries

9,700,000,000

Undistributed earnings of nonCanadian subsidiaries

tri_UndistributedEarningsOfNoncanadianSubsidiaries

$ 12,700,000,000

Number Of Shares Issued Under Dividend Re investment Plan

tri_NumberOfSharesIssuedUnderDividendReInvestmentPlan

180,659

Number Of Shares Issued Under Dividend Re investment Plan

tri_NumberOfSharesIssuedUnderDividendReInvestmentPlan

202,433

Number Of Shares Issued Through Stock Compensation Plans

tri_NumberOfSharesIssuedThroughStockCompensationPlans

942,756

Number Of Shares Issued Through Stock Compensation Plans

tri_NumberOfSharesIssuedThroughStockCompensationPlans

772,009

Maximum Number Of Common Shares Available For Grant

tri_MaximumNumberOfCommonSharesAvailableForGrant

69,150,969

Number Of Common Shares Available For Grant

tri_NumberOfCommonSharesAvailableForGrant

6,788,711

Number Of Common Shares Available For Grant

tri_NumberOfCommonSharesAvailableForGrant

7,678,633

Vesting Period Of Other Equity Instrument

tri_VestingPeriodOfOtherEquityInstrument

3 years

Percentage Of Other Equity Instrument Vested

tri_PercentageOfOtherEquityInstrumentVested

0.00%

Percentage Of Other Equity Instrument Vested

tri_PercentageOfOtherEquityInstrumentVested

200.00%

Percentage Of Discount Allowed For Employee Stock Purchase Plan

tri_PercentageOfDiscountAllowedForEmployeeStockPurchasePlan

15.00%

Maximum Payroll Deduction Allowed For Employee Stock Purchase Plan

tri_MaximumPayrollDeductionAllowedForEmployeeStockPurchasePlan

$ 21,250

Maximum Shares Allowed To Be Purchased For Employee Stock Purchase Plan

tri_MaximumSharesAllowedToBePurchasedForEmployeeStockPurchasePlan

20,388,909

Withholding Tax Liabilities

tri_WithholdingTaxLiabilities

$ 68,000,000

Withholding Tax Liabilities

tri_WithholdingTaxLiabilities

$ 92,000,000

Normal Retirement Age

tri_NormalRetirementAge

60 years

Normal Retirement Age

tri_NormalRetirementAge

65 years

Gain From Plan Amendments

tri_GainFromPlanAmendments

$ 13,000,000

Schedule Of Changes In Net Defined Benefit Obligation Explanatory

tri_ScheduleOfChangesInNetDefinedBenefitObligationExplanatory

The movement on net defined benefit plan obligations is as follows:


(millions of U.S. dollars)	Pension Plans(1)		OPEB(1)		Total(1)
	2025	2024	2025	2024	2025	2024
As of January 1	(423)	(418)	(60)	(72)	(483)	(490)
Plan (expense) benefit recognized in income statement	(45)	(44)	(10)	8	(55)	(36)
Actuarial gains (losses)	77	11	6	(6)	83	5
Exchange differences	-	-	(1)	3	(1)	3
Contributions paid	29	28	6	7	35	35
Net plan obligations as of December 31	(362)	(423)	(59)	(60)	(421)	(483)
Net plan surpluses recognized in non-current assets					83	40
Net plan obligations recognized in non-current liabilities					(504)	(523)

(1)

Includes amounts for immaterial defined benefit and OPEB plans that are not included in the detailed analysis below.

tri_PlanIncomeExpenseRecognizedInIncomeStatement

$ 45,000,000

tri_PlanIncomeExpenseRecognizedInIncomeStatement

44,000,000

tri_PlanIncomeExpenseRecognizedInIncomeStatement

10,000,000

tri_PlanIncomeExpenseRecognizedInIncomeStatement

(8,000,000)

tri_PlanIncomeExpenseRecognizedInIncomeStatement

55,000,000