New Accounting Pronouncements (Policies)

12 Months Ended

Dec. 31, 2022

New Accounting Pronouncements or Change in Accounting Principle [Line Items]

New Accounting Pronouncements, Policy [Policy Text Block]

Recently Adopted Accounting Pronouncements

The Company adopted the following Accounting Standards Updates (“ASU”) in 2022, which did not have a material impact on its consolidated financial statements:

Standard	Description	Effective Date
ASU 2021-10, Government Assistance (Topic 832): Disclosures by Business Entities about Government Assistance	Requires new annual disclosures about transactions with a government that are accounted for by applying a grant or contribution accounting model.	January 1, 2022

Recently Issued Accounting Pronouncements

The Company considered the recently issued accounting pronouncement summarized as follows, which is not expected to have a material impact on its consolidated finance statements or disclosures:

Standard	Description	Effective Date
ASU 2022-04, Liabilities - Supplier Finance Programs (Subtopic 405-50): Disclosure of Supplier Finance Program Obligations	Requires enhanced disclosures about a buyer’s use of supplier finance programs. Supplier finance programs may also be referred to as reverse factoring, payables finance, or structured payables arrangements.	January 1, 2023