v3.25.2
SUBSEQUENT EVENTS
6 Months Ended
Jun. 30, 2025
SUBSEQUENT EVENTS
12.
SUBSEQUENT EVENT
On July 4, 2025, the Act commonly referred to as the One Big Beautiful Bill was signed into law, which includes significant changes to federal tax law and other regulatory provisions, such as the permanent extension of certain expiring provisions of the Tax Cuts and Jobs Act of 2017, modifications to the international tax framework, and the restoration of favorable tax treatment for certain business provisions. In accordance with U.S. GAAP, we are required to recognize the effect of the tax law changes in the period of enactment, such as remeasuring the estimated U.S. deferred tax assets and liabilities. While we do not expect any material impacts, we are currently evaluating the provisions of the new law and the potential impacts on our consolidated financial statements. Additional disclosures will be provided in future periods as the impact of the legislation is determined.