Change in Accounting Principles

9 Months Ended

Sep. 30, 2020

New Accounting Pronouncements and Changes in Accounting Principles [Abstract]

Significant Accounting Policies [Text Block]

Note 2—Changes in Accounting Principles

We

adopted

 the provisions of

FASB ASU No. 2016-13

, “Measurement of Credit Losses on Financial

Instruments,” (ASC Topic 326) and its amendments,

beginning

January 1, 2020

. This ASU, as amended, sets

forth the current expected credit loss model, a new forward-looking impairment model for certain financial

instruments measured at amortized cost basis based on expected losses rather than incurred losses. This ASU,

as amended, which primarily applies to our accounts receivable, also requires credit losses related to available-

for-sale debt securities to be recorded through an allowance for credit losses. 

The adoption of this ASU did

not have a material impact to our financial statements.

 The majority of our receivables are due within 30 days

or less. We monitor the credit quality of our counterparties through review of collections, credit ratings, and

other analyses. We develop our estimated allowance for credit losses primarily using an aging method and

analyses of historical loss rates as well as consideration of current and future conditions that could impact our

counterparties’ credit quality and liquidity.