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New Accounting Standards
9 Months Ended
Sep. 30, 2021
Accounting Standards Update and Change in Accounting Principle [Abstract]  
New Accounting Standards New Accounting Standard ASU 2021-05, Leases: Certain Leases with Variable Lease PaymentsIn July 2021, a new accounting standard was issued that amends the lease accounting guidance. The amended guidance will require lessors to account for certain lease transactions, that contain variable lease payments, as operating leases. The amendments are intended to eliminate the recognition of any day-one loss associated with certain sales-type and direct-financing lease transactions. The changes do not impact lessee accounting. The new guidance is effective for us on January 1, 2022 and may be adopted using either a retrospective or prospective approach. As we typically are not the lessor in these type of lease transactions, we do not expect the adoption of this guidance will have a material impact on our financial statements.