SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details 11) Accounting Pronouncements
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12 Months Ended |
Dec. 31, 2025 |
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| Accounting Standards Update 2023-09 |
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| New Accounting Pronouncements or Change in Accounting Principle [Line Items] |
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| New Accounting Pronouncement or Change in Accounting Principle, Description |
In December 2023, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update (ASU) 2023-09, “Income Taxes (Topic 740): Improvements in Income Tax Disclosures,” to enhance the transparency and decision usefulness of income tax disclosures. This amendment requires public companies to disclose specific categories in the rate reconciliation and provide additional information for reconciling items that meet a quantitative threshold. Additionally, under the amendment, entities are required to disclose the amount of income taxes paid disaggregated by federal, state and foreign taxes, as well as disaggregated by material individual jurisdictions. Finally, the amendment requires entities to disclose income from continuing operations before income tax expense disaggregated between domestic and foreign and income tax expense from continuing operations disaggregated by federal, state and foreign. We adopted this standard prospectively in the fourth quarter of 2025. The new required disclosures are included in NOTE 4, “INCOME TAXES.”
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| Accounting Standards Update 2024-03 |
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| New Accounting Pronouncements or Change in Accounting Principle [Line Items] |
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| New Accounting Pronouncement or Change in Accounting Principle, Description |
In November 2024, the FASB issued ASU 2024-03, "Income Statement - Reporting Comprehensive Income - Expense Disaggregation Disclosures (Subtopic 220-40)", which requires public business entities to disclose in the notes to the financial statements more detailed information about the types of expenses included in certain expense captions in the consolidated financial statements, including purchases of inventory, employee compensation, and depreciation and amortization. The amendments are effective for us beginning with our 2027 annual period and in interim periods beginning in 2028. Early adoption is permitted. The ASU may be adopted prospectively or retrospectively. We are currently evaluating the impact of ASU 2024-03 on our Consolidated Financial Statements and related disclosures.
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| Accounting Standards Update ASU 2025-06 |
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| New Accounting Pronouncements or Change in Accounting Principle [Line Items] |
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| New Accounting Pronouncement or Change in Accounting Principle, Description |
In September 2025, the FASB issued ASU 2025-06, “Intangibles - Goodwill and Other - Internal-Use Software (Subtopic 350-40)”, to modernize the accounting guidance for costs to develop software for internal use. The new guidance amends the existing standard to remove references to various stages of a software development project to better align with current software development methods such as agile programming. The types of costs required to be capitalized has not significantly changed. In addition, the new standard requires the capitalization of costs when (1) management has authorized and committed to funding the project and (2) it is probable that the project will be completed and the software will be used to perform its intended function. The new standard is effective for us beginning January 1, 2028, with early adoption permitted. The adoption of this standard is not expected to have a material impact on our Consolidated Financial Statements.
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| Accounting Standards Update ASU 2025-10 |
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| New Accounting Pronouncements or Change in Accounting Principle [Line Items] |
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| New Accounting Pronouncement or Change in Accounting Principle, Description |
In December 2025, the FASB issued ASU 2025-10, “Accounting for Government Grants Received by Business Entities (Topic 832)”, which establishes accounting requirements for grants received by a business entity. A government grant is defined as a transfer of a monetary asset or a tangible non-monetary asset, other than in an exchange transaction. The scope does not include income taxes or guarantees. The amendments are effective for us beginning January 1, 2029. Early adoption is permitted. The ASU may be adopted prospectively or retrospectively. As the standard is largely consistent with our current policy on accounting for government grants (disclosed earlier in this note), we do not expect implementation of the new standard to have a material impact on our Consolidated Financial Statements.
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