v3.26.1
New Accounting Standards
 3 Months Ended
Mar. 31, 2026
Accounting Policies [Abstract]  
New Accounting Standards New Accounting Standards
Adoption of New Accounting Standards

The Company did not adopt any material new accounting standards during the three months ended March 31, 2026.
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New Accounting Standards Not Yet Adopted
StandardDescriptionRequired Date of AdoptionEffects on the Financial Statements or Other Significant Matters
Accounting Standards Update (ASU) 2024-03, “Income Statement - Reporting Comprehensive Income - Expense Disaggregation Disclosures (Subtopic 220-40): Disaggregation of Income Statement Expenses”
Requires additional disclosures about certain expenses including, but not limited to, employee compensation, depreciation, amortization of intangible assets, and selling expenses. Also requires annual disclosure of how selling expenses are defined.

Adoption allows retrospective or prospective application, with early adoption permitted.		January 1, 2027 (applies to the annual financial statements for 2027 and interim periods thereafter)The Company is evaluating the impact of this guidance on its financial statement disclosures.
ASU 2025-06, “Intangibles - Goodwill and Other - Internal-Use Software (Subtopic 350-40): Targeted Improvements to the Accounting for Internal-Use Software”
Removes references to prescriptive and sequential software development stages. Requires an entity to begin capitalizing software costs when both of the following occur: 1) management has authorized and committed to funding the software project, and 2) it is probable that the project will be completed and the software will be used to perform the function intended.

Adoption allows retrospective, prospective, or modified transition application, with early adoption permitted.
January 1, 2028The Company is evaluating the impact of this guidance on its financial statements.
ASU 2025-09, “Derivatives and Hedging (Topic 815): Hedge Accounting Improvements”
Clarifies certain aspects of the guidance on hedge accounting and addresses several incremental hedge accounting issues arising from the global reference rate reform.

Adoption should be applied on a prospective basis for all hedging relationships and may be elected for hedging relationships that exist as of the date of adoption. Upon adoption, entities will be permitted to modify certain critical terms of certain hedging relationships without dedesignating the hedge.
January 1, 2027
The Company is evaluating the impact of this guidance on its financial statements.