MCK · 10-Q · 2026Q2 · Full report

Recent Accounting Pronouncements

MCKESSON CORP · 2026-08-05 · Importance 25 · Surprise 42

The FASB issued ASU 2024-03, requiring interim and annual disaggregation of certain income-statement costs and expenses; it becomes effective for McKesson fiscal years beginning after December 15, 2026, with interim adoption after December 15, 2027. ASU 2025-06 changes accounting and disclosures for internal-use software and website development costs and applies for fiscal years beginning after December 15, 2027. ASU 2025-09 addresses hedge accounting and global reference-rate reform and applies for fiscal years beginning after December 15, 2026; McKesson is evaluating the effects of all three standards.

Key facts

• Goodwill annual impairment testing performed in fiscal 2027 and fiscal 2026 did not indicate any impairment and no goodwill impairment charges were recorded during the three months ended June 30, 2026 and 2025. source
• There were no other material assets or liabilities measured at fair value on a nonrecurring basis at June 30, 2026 and March 31, 2026. source
• Goodwill and long-lived asset fair value assessments are considered Level 3 measurements using DCF and market approaches. source