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New Financial Accounting Pronouncements (Policies)
3 Months Ended
Mar. 31, 2020
Accounting Changes And Error Corrections [Abstract]  
Accounting Standards Adopted in Fiscal 2020

Accounting Standards adopted in Fiscal 2020

None.

 

Accounting Standards Yet to be Adopted

Accounting Standards Yet to be Adopted

In August 2018, the FASB issued ASU 2018-14, “Compensation—Retirement Benefits—Defined Benefit Plans—General (Subtopic 715-20): Disclosure Framework—Changes to the Disclosure Requirements for Defined Benefit Plans,” that makes minor changes to the disclosure requirements for employers that sponsor defined benefit pension and/or other postretirement benefit plans. The new guidance eliminates requirements for certain disclosures that are no longer considered cost beneficial and requires new ones that the FASB considers pertinent. ASU 2018-14 is effective for the Company January 1, 2021. The Company is evaluating the impact of the adoption of ASU 2018-14 on its consolidated financial statements.