New accounting standards

9 Months Ended

Sep. 30, 2026

Accounting Policies [Abstract]

New accounting standards

2.    New accounting standards

Disaggregation of Income Statement Expenses (DISE)

In November 2024, the FASB issued ASU 2024-03, Disaggregation of Income Statement Expenses (DISE), requiring additional disclosure of the nature of expenses included in the income statement. The new standard requires disclosures about specific types of expenses included in the expense captions presented on the face of the income statement as well as disclosures about selling expenses.

The amendments in this update are effective for annual periods beginning after December 15, 2026 and interim periods within fiscal years beginning after December 15, 2027. Early adoption is permitted. We are currently evaluating the impact of our pending adoption of this standard on our financial statements.

Environmental Credits and Environmental Credit Obligations

In May 2026, the FASB issued ASU 2026-02, Environmental Credits and Environmental Credit Obligations. The new standard provides recognition, measurement, presentation, and disclosure guidance for environmental credits and environmental credit obligations. The accounting for environmental credits depends on how the credits are obtained and their intended use, while the measurement of environmental credit obligations depends in part on whether the entity holds and expects to use environmental credits to settle the obligation.

The standard is effective for fiscal years beginning after December 15, 2027, and interim periods within those fiscal years. Early adoption is permitted. We are currently evaluating the impact that the adoption of this standard will have on our financial statements.

Other

There were no other new accounting standards that we expect to have a material impact on our financial position or results of operations upon adoption.