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New Accounting Guidance Not Yet Adopted
3 Months Ended
Mar. 31, 2022
Accounting Standards Update and Change in Accounting Principle [Abstract]  
New Accounting Guidance Not Yet Adopted New Accounting Guidance Not Yet Adopted
The following table provides a description of issued accounting guidance applicable to, but not yet adopted by, us:
StandardsDescriptionEffective Date for Public EntityEffect on Financial Statements
ASU 2021-08 Business Combinations (Topic 805): Accounting for Contract Assets and Contract Liabilities from Contracts with Customers
The guidance updates how an entity recognizes and measures contract assets and contract liabilities acquired in a business combination. Acquirers will now account for related revenue contracts in accordance with Topic 606 as if it had originated the contract.The guidance is effective for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2022.We are in the process of evaluating the impact of this guidance on our consolidated financial statements and related disclosures.