Significant Accounting Policies (Policies)

9 Months Ended

Sep. 30, 2024

Accounting Standards Update and Change in Accounting Principle [Abstract]

Prospective Accounting Standards

Prospective accounting and reporting developments

Relevant new amendments to accounting standards, which are not yet effective or adopted.

Segment Reporting—Improvements to Reportable Segment Disclosures: ASU 2023-07

In November 2023, the FASB issued ASU 2023-07. The update expands annual and interim disclosure requirements for reportable segments, primarily through enhanced disclosures about significant segment expenses. The standard will take effect for all public business entities for fiscal periods beginning after December 15, 2023, and interim periods beginning after December 31, 2024. We are currently evaluating the impacts the adoption of this guidance will have on our disclosures.

Improvements to Income Tax Disclosures: ASU 2023-09

In December 2023, the FASB issued ASU 2023-09 to enhance the transparency and decision usefulness of income tax disclosures. Income tax disclosures will require consistent categories and greater disaggregations of information in the rate reconciliation and disclosure of income taxes paid by jurisdiction. ASU 2023-09 is effective for annual periods beginning after December 15, 2024 on a prospective basis. Early adoption is permitted. We are currently evaluating the impacts the adoption of this guidance will have on our disclosures, but do not expect it will have a material impact.