| Unaudited Reconciliation of Net Income to Adjusted EBITDA | |||||||||||
| Three Months Ended | |||||||||||
| (in millions USD) | September 30, 2023 | June 30, 2023 | September 30, 2022 | ||||||||
| Net income for the period | $ | 249 | $ | 237 | $ | 336 | |||||
| Depreciation and amortization | 366 | 340 | 395 | ||||||||
| Finance expense | 37 | 34 | 28 | ||||||||
| Finance income | (40 | ) | (34 | ) | (17 | ) | |||||
| Income tax expense (benefit) | (6 | ) | 28 | 19 | |||||||
| Share-based compensation | 44 | 44 | 32 | ||||||||
| Restructuring charges | 17 | 19 | — | ||||||||
| Adjusted EBITDA (1)(2) | $ | 667 | $ | 668 | $ | 793 | |||||
| Adjusted EBITDA margin (2) | 36.0 | % | 36.2 | % | 38.2 | % | |||||
| (1) Reflects change to adjusted EBITDA definition discussed in more detail elsewhere in this release. | |||||||||||
| (2) Adjusted EBITDA and related margin are Non-IFRS measures. See “Unaudited Reconciliation of IFRS to Non-IFRS" for a detailed reconciliation of Non-IFRS measures to the most directly comparable IFRS measure. See "Financial Measures (Non-IFRS)" for a discussion of why we believe these Non-IFRS measures are useful. | |||||||||||
Financial Measures (Non-IFRS)
