v3.26.1
Recently Issued Accounting Standards
6 Months Ended
Jun. 30, 2026
Accounting Policies [Abstract]  
Recently Issued Accounting Standards Recently Issued Accounting Standards
New Accounting Standards Recently Adopted
The Company adopted Accounting Standards Update (“ASU”) 2025-05 — Financial Instruments — Credit Losses (Topic 326): Measurement of Credit Losses for Accounts Receivable and Contract Assets during the three months ended March 31, 2026 and has applied it prospectively. The adoption of ASU 2025-05 did not have a material impact on our accounting policies, financial position or results of operations. Refer to Note 1 — Nature of Business and Basis of Presentation for disclosures required by this ASU.

Accounting Standards Not Yet Adopted
The following table summarizes accounting pronouncements which we have not yet adopted but will be adopted in upcoming fiscal years. ASU 2024-03 and the related ASU 2025-01 are effective for annual periods beginning after December 15, 2026. We are evaluating the impact these pronouncements will have on our consolidated financial statements and related disclosures. ASU 2025-06 is effective for annual periods beginning after December 15, 2027. We are evaluating the impact ASU 2025-06 will have on our consolidated financial statements and related disclosures.

ASUDescriptionAdoption Date
ASU 2024-03
Income StatementReporting Comprehensive IncomeExpense Disaggregation Disclosures (Subtopic 220-40): Disaggregation of Income Statement Expenses
Fiscal Year 2027
ASU 2025-01
Income StatementReporting Comprehensive IncomeExpense Disaggregation Disclosures (Subtopic 220-40): Clarifying the Effective Date
Fiscal Year 2027
ASU 2025-06
Intangibles—Goodwill and Other—Internal Use Software (Subtopic 350-40): Targeted Improvements to the Accounting for Internal-Use Software
Fiscal Year 2028