In
September
2025,
the
FASB
issued
ASU
2025-06,
“Intangibles
–
Goodwill
and
Other
–
Internal-Use
Software
(Subtopic
350-40)
–
Targeted
Improvements
to
the
Accounting
for
Internal-Use
Software”
(ASU
2025-06).
The
FASB
issued
ASU
2025-06
to
modernize
the
accounting
for
costs
related
to
internal-use
software
to
better
align
with
how
software
is
developed
and
to
clarify
the
threshold
to
be
applied
to
begin
capitalizing
costs.
ASU
2025-06
is
effective
for
our
annual
and
quarterly
reporting
periods beginning January 30, 2028.
Early adoption is permitted. The
Company is currently assessing the
impact that the adoption of ASU 2025-06 will have on our consolidated financial
statements.
In
November
2024,
the
FASB
issued
ASU
2024-03,
“Income
Statement
–
Reporting
Comprehensive
Income –
Expense
Disaggregation
Disclosures (Subtopic
220-40):
Disaggregation of
Income Statement
Expenses,”
which
requires
public
entities
to
disclose,
on
an
annual
and
interim
basis,
disaggregated
information
in
the
footnotes
about
specified
information
related
to
certain
costs
and
expenses.
This
guidance
is
effective
for
annual
periods
beginning
after
December
15,
2026,
and
interim
periods
beginning
after
December
15,
2027,
with
early
adoption
permitted.
The
Company
is
currently
in
the
process of
evaluating the
potential impact
of adoption
of this
new guidance
on its
consolidated financial
statements and related disclosures.