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Basis Of Presentation (Policies)
6 Months Ended
Jun. 30, 2025
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
New Accounting Pronouncements Not Yet Adopted New Accounting Pronouncements Not Yet Adopted
In November 2024 the Financial Accounting Standards Board
(FASB) issued Accounting Standards Update (ASU) 2024-03
(Subtopic 220-40): Income Statement - Reporting
Comprehensive Income - Expense Disaggregation Disclosures
which requires disaggregation of certain expense captions into
specified categories in disclosures within the Notes to the
Consolidated Financial Statements. The new disclosure
requirements are effective for fiscal years beginning after
December 15, 2026 and interim periods within fiscal years
beginning after December 15, 2027. Early adoption is permitted.
We are currently evaluating these new expanded disclosure
requirements.
In December 2023 the FASB issued ASU 2023-09 (Topic 740):
Income Taxes: Improvements to Income Tax Disclosures which
expands the existing rules on income tax disclosures. This
update requires entities to disclose specific categories in the tax
rate reconciliation, provide additional information for reconciling
items that meet a quantitative threshold and disclose additional
information about income taxes paid on an annual basis. The
new disclosure requirements are effective for fiscal years
beginning after December 15, 2024 and we will adopt this ASU in
the fourth quarter 2025.
We evaluate all ASUs issued by the FASB for consideration of
their applicability. ASUs not included in our disclosures were
assessed and determined to be either not applicable or are not
expected to have a material impact on our Consolidated Financial
Statements.