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New Accounting Pronouncements
 3 Months Ended
Mar. 31, 2024
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
New Accounting Pronouncements New Accounting Pronouncements
The following are new accounting pronouncements issued by the Financial Accounting Standards Board which will be adopted in future periods:
Accounting Standards UpdateSummary of GuidanceFinancial Statement Impact
Improvements to Reportable Segment Disclosures

Issued November 2023
•Amends and adds certain disclosure requirements for reportable segments.
•In particular, requires disclosure of a) significant segment expenses that are regularly provided to the chief operating decision maker ("CODM") and included within the reported measure of segment profit or loss; b) the title and position of the CODM; and c) an explanation of how the CODM uses the reported measure of segment profit or loss in assessing segment performance and deciding how to allocate resources.
•Effective for annual periods beginning January 1, 2024, and interim periods beginning January 1, 2025, with early adoption permitted.
•The new guidance is required to be applied retrospectively.
•While the adoption of this guidance will result in changes to existing disclosures, it will not have any impact on our financial position or results of operations.
Improvements to Income Tax Disclosures

Issued December 2023
•Eliminates, amends and adds certain disclosure requirements for income taxes.
•In particular, requires the disaggregation of certain existing disclosures, including a) the effective tax rate reconciliation to be broken out into specific categories; b) income taxes paid and income tax expense to be broken out between federal, state and foreign; and c) income before income tax to be broken out between domestic and foreign.
•Effective for annual periods beginning January 1, 2025, with early adoption permitted.
•The new guidance should be applied prospectively, with a retrospective option.
•While the adoption of this guidance will result in changes to existing disclosures, it will not have any impact on our financial position or results of operations.
There have been no additional accounting pronouncements issued that are expected to have a material impact on our consolidated financial statements.