v3.26.1
New accounting standards
 6 Months Ended
Jun. 30, 2026
Accounting Standards Update and Change in Accounting Principle [Abstract]  
New accounting standards New accounting standards
The following table provides a brief description of the accounting pronouncements applicable to the Company and the potential impact on its financial statements and/or disclosures:
StandardDescriptionEffective dateImpact on financial statements/disclosures
Recently issued accounting standards not yet adopted
ASU 2024-03
Disaggregation of Income Statement
Expenses
In November 2024, the FASB issued guidance to improve the disclosures about a public business entity's expenses and address requests from investors for more detailed information about the types of expenses (including purchases of inventory, employee compensation, depreciation, amortization, and depletion) in commonly presented expense captions (such as cost of sales, selling, general, and administrative; and research and development).
Effective for annual reporting periods beginning after December 15, 2026, and interim reporting periods beginning after December
15, 2027.
The Company is currently
evaluating the impact the guidance will have on its disclosures for the year ended December 31, 2027.
ASU 2025-05
Measurement of
Credit Losses for
Accounts Receivable
and Contract Assets
In July 2025, the FASB issued guidance on applying a practical expedient when estimating expected credit losses on current accounts receivable and/or current contract assets arising from transactions under ASC Topic 606 - Revenue from Contracts with Customers.
Effective for annual
reporting periods
beginning after December
15, 2025.
The Company is currently
evaluating the impact the guidance will have on its results of operations, financial position, cash flows, and disclosures for the year ended December 31, 2026.
ASU 2025-06
Targeted
Improvements to the Accounting of Internal-Use
Software
In September 2025, the FASB issued guidance on accounting for
capitalization of development costs for internal-use software under
ASC Subtopic 350-40 and the transition approaches to use.
Effective for annual reporting periods beginning after December
15, 2027.
The Company is currently
evaluating the impact the guidance will have on its results of operations, financial position, cash flows, and disclosures for the year ended December 31, 2028.
ASU 2025-10
Accounting for
Government Grants Received By Business Entities
In December 2025, the FASB issued guidance on accounting for government grants received by business entities that are related to an asset (purchase, construction, or acquisition of a long-lived asset or inventory) or income (reimbursements to a business entity for operating expenses).
Effective for annual reporting periods beginning after December
15, 2028.
The Company is currently
evaluating the impact the guidance will have on its results of operations, financial position, cash flows, and disclosures for the year ended December 31, 2029.
ASU 2026-02 Environmental Credits and Environmental Credit ObligationsIn May 2026, the FASB issued guidance on recognition, measurement, presentation, and disclosure requirements for entities that generate, purchase, or receive environmental credits or have environmental compliance obligations that may be settled with environmental credits. Effective for annual reporting periods beginning after December 15, 2027.The Company is currently evaluating the impact the guidance will have on its results of operations, financial position, cash flows, and disclosures for the year ended December 31, 2028.