On November 27, 2023, the FASB issued Accounting Standards Update (ASU) 2023-07, Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures. ASU 2023-07 expands segment disclosure requirements for “public entities” that are required to report segment information in accordance with FASB Accounting Standards Codification (FASB ASC) 280, Segment Reporting.
The amendments in ASU 2023-07 apply to all public entities that are required to report segment information in accordance with FASB ASC 280. The amendments in ASU 2023-07 are effective for