AAPL · 10-Q · 2026Q1 · Full report

Recent Accounting Pronouncements

Apple Inc. · 2026-05-01 · Importance 36 · Surprise 42

Apple discloses recently issued FASB ASUs that will affect its accounting and disclosures: ASU 2025-06 (Internal-Use Software) issued September 2025, which Apple will be required to adopt in its first quarter of 2029 (early adoption permitted) and is evaluating timing and method of adoption. ASU 2024-03 (Expense Disaggregation) will require new expense disaggregation disclosures and will be adopted in the fourth quarter of 2028 using a prospective transition method. ASU 2023-09 (Income Taxes) will require expanded income tax disclosures and disaggregation of income taxes paid and will be adopted in the fourth quarter of 2026 using a prospective transition method. The filing describes the expected effective dates and Apple’s current adoption assessment for each ASU as of the Q2 2026 Form 10-Q.

Key facts

• The Company will adopt ASU 2023-09 (Improvements to Income Tax Disclosures) in its fourth quarter of 2026 using a prospective transition method. source
• The Company will adopt ASU 2024-03 (Disaggregation of Income Statement Expenses) in its fourth quarter of 2028 using a prospective transition method. source
• ASU 2025-06 (Internal-Use Software) will be effective for the Company in its first quarter of 2029 and early adoption is permitted; the Company is evaluating timing and method of adoption. source