An updated edition of our Financial Reporting Insights, Expanded Reportable Segment Disclosures, is now available. It explains in detail the requirements of Accounting Standards Update (ASU) 2023-07, Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures, including considerations on how to apply them, their interaction with the existing requirements in Topic 280, and examples illustrating the reportable segments note disclosure after adoption of the ASU. Additionally, the publication highlights the overall requirements of Topic 280 other than those introduced by ASU 2023-07.
The December 2025 edition of this Financial Reporting Insights has been updated to address the overall requirements of ASC 280 in further detail, including the identification and possible aggregation of operating segments, and to reflect updated Securities and Exchange Commission staff views related to the disclosure of multiple measures of segment profit or loss and considerations for single reportable segment entities.
