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Recently Issued Accounting Standards | 3 Months Ended
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Mar. 31, 2024
Accounting Standards Update and Change in Accounting Principle [Abstract] |
Description of New Accounting Pronouncements Not yet Adopted [Table Text Block] |
Standard |  | Description |  | Required Date of Adoption |  | Effect on the financial statements or other significant matters
ASU 2020-04 and ASU 2022-06, Reference Rate Reform (Topic 848) |  | The guidance provides optional expedients and exceptions for applying GAAP to contracts, hedging relationships, and other transactions affected by reference rate reform if certain criteria are met. |  | From the date of issuance through December 31, 2024 |  | The Company does not expect the guidance to have a material effect on its financial position, results of operations, cash flows and related disclosures.
ASU 2023-05, Business Combinations - Joint Venture Formations (Subtopic 805-60) |  | The guidance provides a basis of accounting for newly-formed joint venture entities which will recognize and measure assets and liabilities at fair value upon formation. |  | January 1, 2025 |  | The Company is currently evaluating the guidance and the effect on its financial position, results of operations, cash flows and related disclosures.
ASU 2023-07, Segment Reporting (Topic 280) |  | The guidance provides requirements for new and updated segment disclosures. |  | December 31, 2024 |  | The Company is currently evaluating the guidance and the effect on its related disclosures.
ASU 2023-09, Improvements to Income Tax Disclosures (Topic 740) |  | The guidance provides requirements for new and updated income tax disclosures. |  | January 1, 2025 |  | The Company is currently evaluating the guidance and the effect on its related disclosures.

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