CONSTELLIUM SECSTM
CONSTELLIUM SE New Standards Disclosure
Recently Adopted Accounting Pronouncements
In December 2023, the Financial Accounting Standards Board (“FASB”) issued ASU 2023-09 - Improvements to Income
Tax Disclosures. The standard requires disaggregated information about a reporting entity's effective tax rate reconciliation as
well as information on income taxes paid. The standard is intended to benefit investors by providing more detailed income tax
disclosures that would be useful in making capital allocation decisions and applies to all entities subject to income taxes. The
new standard is effective for annual periods beginning after December 15, 2024. This accounting standard is effective for
annual disclosures in fiscal year ended December 31, 2025. Additional income tax disclosures have been provided in Note 7 as
a result of the adoption of ASU 2023-09.
Recently Issued Accounting Pronouncements (Not Yet Adopted)
In November 2024, the FASB issued ASU 2024-03 - Income Statement — Reporting Comprehensive Income — Expense
Disaggregation Disclosures, requiring public business entities to disclose, on an annual and interim basis, disaggregated
information about certain income statement line items in a tabular format in the notes to the financial statements. The standard
is intended to benefit investors by providing more detailed expense information notably on employee compensation,
depreciation and amortization and purchase of inventory, which is critical to understanding an entity’s performance, assessing
its prospects for future cash flows and comparing its performance both over time and with that of other entities. This accounting
standard as updated in ASU 2025-01 - Income Statement-Reporting Comprehensive Income-Expense Disaggregation
Disclosures (Subtopic 220-40): Clarifying the Effective Date which clarified the interim reporting effective date of ASU
2024-03 is effective for annual periods beginning after December 15, 2026, and interim periods within fiscal years beginning
after December 15, 2027. Early adoption is permitted. The guidance may be applied prospectively or retrospectively. We are
currently evaluating the impact of adoption on our financial disclosures.
In September 2025, the FASB issued ASU 2025-06 - Intangibles - Goodwill and Other - Internal-Use Software (Subtopic
350-40), which modernizes the accounting framework for internal-use software. The update eliminates the prior model based on
defined development stages and introduces a principles-based approach that focuses on management’s commitment and the
likelihood of project completion. ASU 2025-06 is effective for annual periods beginning after December 15, 2027, including
interim periods within those years. Early adoption is permitted. We are currently evaluating the impact of adoption on our
financial position, results of operations and cash flows as a result of its adoption.
In November 2025, the FASB issued ASU 2025-09 - Derivatives and Hedging (Topic 815): Hedge Accounting
Improvements, which amends certain aspects of the hedge accounting guidance in ASC 815, Derivatives and Hedging, to better
reflect an entity’s risk management activities in the financial statements. The guidance expands the hedged risks permitted to be
aggregated in a group of individual forecasted transactions and increases the variable price components eligible to be designated
as the hedged risk in the forecasted purchase or sale of nonfinancial assets. It also modifies hedge accounting for entities
hedging forecasted interest payments. ASU 2025-09 is effective for annual periods beginning after December 15, 2026,
including interim periods within those years. Early adoption is permitted. We are currently evaluating the impact of adoption on
our financial position, results of operations and cash flows as a result of its adoption.
In December 2025, the FASB issued ASU 2025-10 - Government Grants (Topic 832): Accounting for Government
Grants Received by Business Entities, which discusses the recognition, measurement and presentation of a government grant
received by a business entity. ASU 2025-10 is effective for annual periods beginning after December 15, 2028, including
interim periods within those years. Early adoption is permitted. We do not expect a significant impact of the adoption on our
financial position, results of operations and cash flows as a result of its adoption.
The Group plans to adopt these new standards, amendments and interpretations on their required effective dates.
Historical Timeline
| Fiscal Year | Filed | |
|---|---|---|
| 2025 | Feb 25, 2026 | Showing above |
| 2024 | Feb 28, 2025 | |
About New Standards Disclosures
New accounting standards disclosures describe recently adopted pronouncements and those not yet effective, along with management's assessment of their expected impact. This section provides an early warning system for upcoming changes to how a company reports its financial results, often years before the new rules take effect.
Key signals: when management describes a not-yet-adopted standard's impact as "material" or "still being evaluated," it signals potential significant changes to reported metrics upon adoption. Watch for standards that affect a company's core operations — for example, revenue recognition changes for software companies or lease accounting changes for retailers with large store footprints. The transition method chosen (full retrospective versus modified retrospective) affects comparability with prior periods. Companies that delay adoption to the latest permitted date may be struggling with implementation complexity. Compare the disclosed impact assessments against peers in the same industry to gauge whether management's expectations are reasonable.