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New Accounting Pronouncements (Policies)
3 Months Ended
Sep. 30, 2024
Accounting Policies [Abstract]  
Liabilities
In March 2022, FASB issued ASU
2022-02,
Financial Instruments-Credit Losses (Topic 326): Troubled Debt Restructurings and
 Vintage Disclosures
.
The amendments in this update eliminate the accounting guidance and related disclosures for TDRs by creditors in Subtopic
310-40,
Receivables—Troubled Debt Restructurings by Creditors
, while enhancing disclosure requirements for certain loan refinancings and restructurings by creditors when a borrower is experiencing financial difficulty and requiring an entity to disclose current-period gross write-offs by year of origination for financing receivables and net investments in leases within the scope of Subtopic
326-20,
 Financial Instruments—Credit Losses—Measured at Amortized Cost
. The amendments in this update were effective for fiscal years beginning after December 15, 2022, including interim periods within those fiscal years and are applied prospectively, except with respect to the recognition and measurement of TDRs, where an entity has the option to apply a modified retrospective transition method. The Company adopted ASU
2022-02,
effective July 1, 2023, with changes applied prospectively, except with respect to the recognition and measurement of TDRs where a modified retrospective transition method was applied. The adoption of this accounting guidance did not have a material impact on the Company’s consolidated financial statements.
In December 2023, the FASB issued ASU
2023-09,
Income Tax (Topic 740):
Improvements to Income Tax Disclosures.
The amendments expand the disclosure requirements of income taxes, primarily related to the income tax rate reconciliation and income taxes paid. The guidance also eliminates certain existing disclosure requirements related to uncertain tax positions and unrecognized deferred income tax liabilities. The amendments are effective for fiscal years beginning after December 15, 2024, and interim periods within fiscal years beginning after December 15, 2025. Earlier adoption is permitted. The adoption of the guidance is not expected to have a material impact on the Company’s consolidated financial statements.