AAPL · 10-K · 2025A · Full report

New Accounting Pronouncements

Apple Inc. · 2025-10-31 · Importance 29 · Surprise 24

Apple discloses several recent FASB ASUs and the Company’s planned adoption timelines: ASU 2025‑06 (internal‑use software) issued September 2025, effective for Apple in Q1 2029 with optional early adoption; ASU 2024‑03 (expense disaggregation) issued November 2024 with clarifying ASU 2025‑01, which Apple will adopt in Q4 2028 using a prospective transition; and ASU 2023‑09 (income tax disclosures) which Apple will adopt in Q4 2026 using a prospective transition. The Company is evaluating timing and method of adoption for ASU 2025‑06 and describes the disclosure and presentation changes that will result from the other ASUs. These pronouncements affect internal accounting for software costs and the level of expense and tax disclosure Apple must provide beginning in the stated adoption quarters. Management highlights potential timing choices and ongoing evaluation of adoption approach.

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