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New Accounting Guidance
6 Months Ended
Jun. 30, 2011
New Accounting Guidance  
New Accounting Guidance

2. NEW ACCOUNTING GUIDANCE

In June 2011, the Financial Accounting Standards Board issued guidance that removes the current presentation options for comprehensive income and requires presentation in either a single continuous statement of comprehensive income or in two separate but consecutive statements. The new guidance does not change the items that must be reported in other comprehensive income. The amendment is effective for our first quarter 2012 reporting, and we do not expect it to have a material impact on our financial statements.

The FASB has issued other accounting guidance effective for current and future periods (that we have not yet adopted), but we do not believe any of the other new guidance will have a material impact on our current or future financial statements.