Recent Accounting Pronouncements

9 Months Ended

Sep. 30, 2012

Recent Accounting Pronouncements

Recent Accounting Pronouncements

Note 2 — Recent Accounting Pronouncements

      We adopted Accounting Standards Update ("ASU") 2011-05, "Comprehensive Income (Topic 220): Presentation of Comprehensive Income," which amended comprehensive income presentation guidance. We elected to present the components of other comprehensive income in two separate but consecutive statements. The adoption did not impact our consolidated financial results.

      We adopted ASU 2011-04, "Amendments to Achieve Common Fair Value Measurement and Disclosure Requirements in U.S. GAAP and International Financial Reporting Standards," by changing certain fair value measurement principles and enhancing our disclosure of unobservable inputs discussed in Note 11. The adoption did not impact our consolidated financial results.

      We have reviewed other recently issued, but not yet adopted, accounting standards and updates in order to determine their potential effects, if any, on our consolidated results of operations, financial position and cash flows and have determined that none are expected to have a material impact.