The document discusses ISO 8601 standards for dates and times and how SAS can handle them. SAS has built-in formats and informats to read, write, and manipulate ISO 8601 dates, times, and datetimes. It can extract datetime values into date and time components without needing to parse strings. SAS also has methods for storing partial ISO 8601 values with missing components in character format rather than needing a full numeric value.