A good puffy and head coverings can make even the coldest temps totally bearable.
A human breathes at about 6 liter/minute. In terms of mass and converting to seconds, that's 0.1293 gram/second.
Heat capacity of air is 0.7 Joules per gram per kelvin. So the power needed to heat up incoming air 1 degree kelvin is 0.1293*0.7=0.09051 Watt.
Times a hundred (-60C to body temperature), that's 9 watt. Since the human body produces about 100 watt of heat in total, that's maybe still feasible. But having that percentage of your body heat being drawn out through your airways and lungs is getting dangerous.
And it gets colder on Antarctica. And exertion will speed up breathing.
Researchers on Antarctica apparently deal with by breathing through snorkels that pass through their jacket, so that the rest of the body can help to heat up the air:
https://www.newscientist.com/article/dn24731-coldest-place-o...
Perhaps it would also be possible to recover some of the heat in exhaled air, by passing it through a heat exchanger for the incoming air.
Temperature bottoms out around -100 F/-72 C and if you're outside, you're breathing through a gaiter/balaclava). That's sufficient to warm it up. I don't recall there ever being a situation (even that cold) when breathing was challenging due to the temperature alone.
Weird fact: you can't whistle when it gets that cold. I don't know if it's something to do with the immediate dense condensation or the temperature. It's not the pressure or the humidity, because indoors is OK.