Standard/Description

Effective Date

Impact of Adoption on the Company's Financial Statements

ASU 2023-09: In December 2023, the FASB issued amended guidance related to improvements to income tax disclosures. The amendments require annually (i) enhanced disclosures in connection with an entity's effective tax rate reconciliation and (ii) income taxes paid disaggregated by jurisdiction.

January 1, 2025

No significant impact expected

ASU 2024-03: In November 2024, the FASB issued new guidance which requires disclosure of disaggregated income statement expense information about specific categories (including purchases of inventory, employee compensation, depreciation, and intangible asset amortization) in the notes to financial statements.

January 1, 2027 for annual reporting periods and January 1, 2028 for interim reporting periods

Currently evaluating impact