Accounting standard newly cited
Filing comparison
PERRIGO Co plc cited accounting standard ASU 2025-05 for the first time in this filing series
Refer to Footnote 19 -Income Taxes for disclosure impact. ASU 2025-05: Financial Instruments - Credit Losses (Topic 326): Measurement of Credit Losses for Accounts Receivable and Contract Assets This guidance simplifies the estimation of credit losses on current accounts receivable and current contract assets arising from transactions accounted for under ASC 606 January 1, 2026 for annual periods…
Evidence
- Adopted
- 2025-05
- Contexts
- Refer to Footnote 19 -Income Taxes for disclosure impact. ASU 2025-05: Financial Instruments - Credit Losses (Topic 326): Measurement of Credit Losses for Accounts Receivable and Contract Assets This guidance simplifies the estimation of credit losses on current accounts receivable and current contract assets arising from transactions accounted for under ASC 606 January 1, 2026 for annual periods…
- New standards
- 2025-05, 2025-06
- Prior filed
- 2025-02-28
- Prior form
- 10-K
- 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.