Accounting standard newly cited
Filing comparison
FLUOR CORP cited accounting standards ASU 2023-05, ASU 2023-09 for the first time in this filing series
Recent Accounting Pronouncements In 2025, we adopted ASU 2023-05, which requires certain joint ventures to apply a new basis of accounting upon formation by recognizing and initially measuring most of their assets and liabilities at fair value.
Evidence
- Adopted
- 2023-05, 2023-09
- Contexts
- Recent Accounting Pronouncements In 2025, we adopted ASU 2023-05, which requires certain joint ventures to apply a new basis of accounting upon formation by recognizing and initially measuring most of their assets and liabilities at fair value., In 2025, we adopted ASU 2023-09 on a prospective basis.
- New standards
- 2023-05, 2023-09, 2024-03, 2025-03, 2025-05, 2025-06
- Prior filed
- 2025-03-07
- Prior form
- 10-K/A
- Restates existing policy
- No
- Source
- accounting standards update (ASU) reference comparison
- Why
- An accounting standard (ASU) appears in this filing that did not appear in the previous comparable one, in a sentence describing it as adopted. That is a change in what the company discloses, which is not always a change of policy in the current period: the filing may state an adoption date years earlier.