New Accounting Pronouncements

9 Months Ended

Sep. 30, 2022

Accounting Changes and Error Corrections [Abstract]

New Accounting Pronouncements

2. New Accounting Pronouncements

The Company did not adopt any new accounting standards during the nine months ended September 30, 2022. An assessment was made regarding the effect that adoption of recently issued accounting standards by the Financial Accounting Standards Board would have on the Company's consolidated financial statements. There were no new accounting standards issued in the nine months ended September 30, 2022 that are expected to have a material effect on the Company's financial position or results of operations. For information regarding accounting standards that the Company implemented during 2021, see Note 1(O) — Summary of Significant Accounting Policies — New Accounting Pronouncements in the Notes to Consolidated Financial Statements in the Company's 2021 Annual Report on Form 10-K.