GE · 10-Q · 2026Q2 · Full report

New Accounting Standards

GENERAL ELECTRIC CO · 2026-07-16 · Importance 41 · Surprise 42

The company discloses two recent FASB Accounting Standards Updates that will affect disclosures and accounting: ASU 2024-03 on expense disaggregation (effective fiscal years beginning after December 15, 2026) and ASU 2025-10 on accounting for government grants (effective fiscal years beginning after December 15, 2028). Management is currently evaluating the impact of both ASUs on its consolidated financial statements and disclosures and notes options for prospective or retrospective adoption where permitted. The company flags these standards as expected to increase disclosure requirements (expense types) and establish a framework for government grant accounting, respectively.