SPIRE INC New Standards Disclosure
NEW ACCOUNTING PRONOUNCEMENTS - On September 30, 2025, the Companies adopted ASU 2023-07, Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures (“ASU 2023-07”), which updates segment disclosure requirements through enhanced disclosures around significant segment expenses. The Companies applied the provision retrospectively to all periods presented for each reportable segment as further described. Refer to Note 14, for further discussion of segment reporting.
In November 2024, the FASB issued ASU 2024-03, Income Statement—Reporting Comprehensive Income (Topic 220): Expense Disaggregation Disclosures (“ASU 2024-03”). This ASU improves disclosure of a public business entity’s expense by requiring disaggregated disclosure of expenses in commonly presented expense captions. ASU 2024-03 is effective for annual periods beginning after December 15, 2026, and for interim periods beginning after December 15, 2027. Early adoption is permitted. The Companies are currently evaluating the impact of this ASU on their respective consolidated financial statements.
In December 2023, the FASB issued ASU 2023-09, Income Taxes (Topic 740): Improvements to Income Tax Disclosures (“ASU 2023-09”). This ASU enhances the transparency of income tax disclosures related to rate reconciliation and income taxes. ASU 2023-09 is effective for annual periods beginning after December 15, 2024. Early adoption is permitted. The Companies are currently evaluating the impact of this ASU on their respective consolidated financial statements.
Management believes that all other recently adopted and recently issued accounting standards that are not yet effective will not have a material impact on the Companies financial position, results of operations or cash flows upon adoption.
Historical Timeline
| Fiscal Year | Filed | |
|---|---|---|
| 2025 | Nov 14, 2025 | Showing above |
| 2024 | Nov 20, 2024 | |
| 2023 | Nov 16, 2023 | |
| 2022 | Nov 16, 2022 | |
| 2021 | Nov 22, 2021 | |
| 2020 | Nov 18, 2020 | |
| 2019 | Nov 26, 2019 | |
| 2018 | Nov 15, 2018 | |
| 2017 | Nov 15, 2017 | |
| 2016 | Nov 15, 2016 | |
| 2015 | Nov 24, 2015 | |
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.