Basis of Presentation and Current Accounting Developments (Tables)

3 Months Ended

Mar. 31, 2026

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Schedule of Recent Accounting Pronouncements Yet to be Adopted

Recent Accounting Pronouncements Yet to be Adopted

Standard	Required Date of Adoption	Description	Effect on Financial Statements
Accounting Standards Update (“ASU”) No. 2025-09, Derivatives and Hedging (Topic 815): Hedge Accounting Improvements	January 1, 2027 Early adoption is permitted.	ASU 2025-09 addresses five specific matters: 1.Broadens the set of hedged risk that may be combined within a group of individual forecasted transactions in a cash flow hedge. 2.Enables entities to apply cash flow hedge accounting on “choose-your-rate” debt. 3.Broadens situations where hedge accounting can be applied to forecasted purchases and sales of nonfinancial assets. 4.Removes the requirement to perform net written option assessment for a compound derivative when it is designated as a hedging instrument. 5.In the case of a dual hedge where a foreign-currency-denominated debt instrument is designated as the hedging instrument in a net investment hedge and a hedged item in a fair value of interest rate risk, the ASU requires the debt instruments’ fair value-hedge basis adjustment be excluded when performing the net investment hedge effectiveness assessment. This guidance must be applied prospectively for all hedging relationships.	The Company does not expect adoption to have a material impact on the Company’s Consolidated Financial Statements.

Recent Accounting Pronouncements Yet to be Adopted (Continued)

Standard	Required Date of Adoption	Description	Effect on Financial Statements
ASU No. 2025-08, Financial Instruments—Credit Losses (Topic 326)	January 1, 2027 Early adoption is permitted.	ASU 2025-08 broadens the population of financial assets that are within scope of the gross up approach under Accounting Standards Codification (“ASC”) 326 to include purchased seasoned loans which are defined as: •Non-Purchased Credit Deteriorated (“PCD”) loans that are obtained in a business combination. •Non-PCD loans that are (1) obtained in an asset acquisition or upon consolidation of a VIE that is not a business and (2) are acquired more than 90 days after their origination date by a transferee that was not involved in their origination. The guidance also introduces an accounting policy election to use the amortized cost basis of the asset rather than the discounted cash flow analysis to subsequently measure the credit losses on purchased seasoned loans. The new guidance is not applicable to credit card loans, ASC 606 receivables, or debt securities. The guidance must be applied prospectively.	The Company does not expect adoption to have a material impact on the Company’s Consolidated Financial Statements.
ASU No. 2024-03, Income Statement — Reporting Comprehensive Income — Expense Disaggregation Disclosures (Subtopic 220-40): Disaggregation of Income Statement Expenses	December 31, 2027 Early adoption is permitted.	ASU 2024-03 requires public companies to disclose, in interim and annual reporting periods, additional information about certain expenses in the notes to financial statements. Disclosures of disaggregated expenses include the following: •The amounts of (a) purchases of inventory; (b) employee compensation; (c) depreciation; (d) intangible asset amortization; and (e) depreciation, depletion and amortization of capitalized costs related to oil- and gas-producing activities in each relevant expense caption. •A qualitative description of the amounts remaining in relevant expense captions that are not separately disaggregated quantitatively.	The Company does not expect adoption to have a material impact on the Company’s Consolidated Financial Statements.