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.