CAG · 10-K · 2026A · Full report

Recent Accounting Pronouncements

CONAGRA BRANDS INC. · 2026-07-15 · Importance 17 · Surprise 24

Conagra discloses several recently issued FASB standards that will affect disclosures and accounting policy: ASU 2024-03 (Disaggregation of Income Statement Expenses), effective for fiscal years beginning after December 15, 2026 (interim periods after December 15, 2027); ASU 2025-06 (Intangibles – Goodwill and Other – Internal-Use Software), effective for fiscal years beginning after December 15, 2027; ASU 2025-09 (Derivatives and Hedging), effective for fiscal years beginning after December 15, 2026; and ASU 2026-02 (Environmental Credits and Environmental Credit Obligations), effective for fiscal years beginning after December 15, 2027. Early adoption is permitted for each standard and the ASUs prescribe varying transition approaches (prospective, retrospective or modified approaches, and prospective application for hedging amendments). Conagra states it is in the process of analyzing the impact of each ASU on its consolidated financial statements and related disclosures.

Key facts

• In November 2024, the FASB issued ASU 2024-03, Disaggregation of Income Statement Expenses; the effective date for the standard is for fiscal years beginning after December 15, 2026 and interim periods within fiscal years beginning after December 15, 2027. source
• In September 2025, the FASB issued ASU 2025-06, Intangibles – Goodwill and Other – Internal-Use Software; the effective date for the standard is for fiscal years beginning after December 15, 2027 and interim periods within those fiscal years. source
• In November 2025, the FASB issued ASU 2025-09, Derivatives and Hedging (Topic 815); the effective date for this standard is for fiscal years beginning after December 15, 2026 and interim periods within those fiscal years. source
• In May 2026, the FASB issued ASU 2026-02, Environmental Credits and Environmental Credit Obligations (Topic 818); the effective date for this standard is for fiscal years beginning after December 15, 2027 and interim periods within those fiscal years. source
• We are in the process of analyzing the impact of ASU 2024-03 on our related disclosures. source
• We are in the process of analyzing the impact of ASU 2025-06 on our consolidated financial statements and related disclosures. source
• We are in the process of analyzing the impact of ASU 2025-09 on our consolidated financial statements and related disclosures. source
• We are in the process of analyzing the impact of ASU 2026-02 on our consolidated financial statements and related disclosures. source