USA TODAY Co., Inc.TDAY
USA TODAY Co., Inc. New Standards Disclosure
Recent accounting pronouncements adopted
Income tax disclosures
In November 2023, the Financial Accounting Standards Board (the "FASB") issued guidance, Accounting Standards
Update ("ASU") 2023-09, which enhances annual income tax disclosures. ASU 2023-09 requires disaggregated information
about a reporting entity's effective tax rate reconciliation as well as information on income taxes paid. ASU 2023-09 is effective
for annual reporting periods beginning after December 15, 2024, and was applied prospectively. Refer to Note 12 — Income
taxes, which reflects updated disclosures.
Recent accounting pronouncements not yet adopted
Interim Reporting (Topic 270): Narrow-Scope Improvements
In December 2025, the FASB issued guidance, ASU 2025-11, which clarifies interim reporting disclosure requirements by
introducing a disclosure principle for material changes since the most recent annual period and consolidating existing interim
disclosure requirements. ASU 2025-11 is effective for interim periods beginning after December 15, 2027, with early adoption
permitted. The Company is currently evaluating the provisions of ASU 2025-11 and assessing the impact on the Consolidated
financial statements.
Codification Improvements
In December 2025, the FASB issued guidance, ASU 2025-12, which is intended to clarify, correct, or improve the
Accounting Standards Codification ("ASC") by addressing technical and interpretive matters, improving cross-references, and
removing redundant, unnecessary, or superseded guidance within U.S. GAAP. ASU 2025-12 is effective for interim periods
beginning after December 15, 2026, with early adoption permitted. The Company is currently evaluating the provisions of ASU
2025-12 and assessing the impact on the Consolidated financial statements.
Derivatives and hedging (Topic 815) and revenue from contracts with customers (Topic 606): Derivatives scope refinements
and scope clarification for share-based noncash consideration from a customer in a revenue contract
In September 2025, the FASB issued guidance, ASU 2025-07, which refines the scope of derivative accounting and
clarifies the accounting for share-based noncash consideration received from customers. ASU 2025-07 introduces a scope
exception for certain non-exchange-traded contracts whose "underlyings," as defined in the ASU, are specific to a party's own
operations and clarifies that ASC 606, "Revenue from Contracts with Customers" ("ASC 606"), is applied initially to share-
based noncash consideration, with other accounting guidance applied only once the right to receive or retain such consideration
becomes unconditional. ASU 2025-07 is effective for annual reporting periods beginning after December 15, 2026, and interim
periods within those annual periods, with early adoption permitted. The Company is currently evaluating the provisions of ASU
2025-07 and assessing the impact on the Consolidated financial statements.
Targeted improvements to the accounting for internal-use software
In September 2025, the FASB issued guidance, ASU 2025-06, which updates the accounting for costs of internal-use
software. The guidance in ASU 2025-06 replaces the prescriptive project-stage model with a principles-based framework that
focuses on management's authorization and commitment to a project and the probability of completion. Additionally,
disclosures for property, plant and equipment will be required for all capitalized software costs. ASU 2025-06 also supersedes
the separate website development guidance and incorporates related provisions into the internal-use software guidance. ASU
2025-06 is effective for annual reporting periods beginning after December 15, 2027, and interim periods within those annual
periods, with early adoption permitted. The Company is currently evaluating the provisions of ASU 2025-06 and assessing the
impact on the Consolidated financial statements.
Measurement of credit losses for accounts receivable and contract assets
In July 2025, the FASB issued guidance, ASU 2025-05, which provides a practical expedient for estimating expected credit
losses on current account receivables and current contract assets arising from transactions accounted for under ASC 606. ASU
2025-05 allows entities to assume that current conditions existing at the balance sheet date will remain constant over the life of
the receivable or contract asset. ASU 2025-05 is effective for annual reporting periods beginning after December 15, 2025, and
interim periods within those annual periods, with early adoption permitted. The Company does not expect the adoption of the
provisions of ASU 2025-05 to have a material impact on the Consolidated financial statements.
Induced conversions of convertible debt instruments
In November 2024, the FASB issued guidance, ASU 2024-04, which clarifies the assessment of whether certain
settlements of convertible debt instruments should be accounted for as an inducement conversion. The new guidance is
effective for annual reporting periods beginning after December 15, 2025, and interim periods within those annual periods. The
Company does not expect the adoption of the provisions of ASU 2024-04 to have a material impact on the Consolidated
financial statements.
Disaggregation of income statement expenses
In November 2024, the FASB issued guidance, ASU 2024-03, which requires disaggregated disclosures of certain
categories of expenses that are included in expense line items on the face of the income statement. The disclosures are required
on an annual and interim basis. ASU 2024-03 is effective for annual reporting periods beginning after December 15, 2026, and
interim reporting periods beginning after December 15, 2027. The Company is currently evaluating the provisions of ASU
2024-03 and assessing the impact on the Consolidated financial statements.
Historical Timeline
| Fiscal Year | Filed | |
|---|---|---|
| 2025 | Feb 26, 2026 | Showing above |
| 2024 | Feb 20, 2025 | |
| 2023 | Feb 22, 2024 | |
| 2022 | Feb 23, 2023 | |
| 2021 | Feb 24, 2022 | |
| 2020 | Feb 26, 2021 | |
| 2019 | Mar 2, 2020 | |
| 2018 | Feb 28, 2019 | |
| 2017 | Feb 28, 2018 | |
| 2016 | Feb 21, 2017 | |
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.