Accounting standard newly cited
Filing comparison
NORTHERN TRUST CORP cited accounting standard ASU 2023-08 for the first time in this filing series
Northern Trust calculates net income applicable to common stock using the two-class method, whereby net income is allocated between common stock and participating securities. 102 2025 ANNUAL REPORT | NORTHERN TRUST CORPORATION NOTES TO CONSOLIDATED FINANCIAL STATEMENTS Note 2 – Recent Accounting Pronouncements On January 1, 2025, Northern Trust adopted ASU No. 2023-08, “Intangibles—Goodwill and…
Evidence
- Adopted
- 2023-08
- Contexts
- Northern Trust calculates net income applicable to common stock using the two-class method, whereby net income is allocated between common stock and participating securities. 102 2025 ANNUAL REPORT | NORTHERN TRUST CORPORATION NOTES TO CONSOLIDATED FINANCIAL STATEMENTS Note 2 – Recent Accounting Pronouncements On January 1, 2025, Northern Trust adopted ASU No. 2023-08, “Intangibles—Goodwill and…
- New standards
- 2023-08, 2025-06
- Prior filed
- 2025-02-24
- 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.