New accounting standards |
6 Months Ended |
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Jun. 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 requires recognition of environmental credit assets and corresponding compliance obligations to be measured at cost and presented gross on the balance sheet, along with enhanced quantitative and qualitative disclosures. 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.
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