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McCormick10-Q: Platform strategy

Visa forced to review internal software accounting due to new FASB rules

What happened

Upcoming accounting standard ASU 2025-06 will change how Visa capitalizes internal software development costs, forcing a review of their current processes and tools.

Source

SEC EDGARJul 28, 2026

Quarterly report (Form 10-Q)

McCormick 10-Q

Filing excerpt

In September 2025, the FASB issued ASU 2025-06, which modernizes the accounting for internal-use software by eliminating project stage-based capitalization and clarifying the probable-to-complete threshold to commence the capitalization of software costs.

sec.gov/Archives/edgar/data/1403161/000140316126000104/v-20260630.htmRead the full source

Other signals in this filing (3)

Extracted by Autobound

From the Signal API record
Signal
10-Q: Platform strategy

What this signalsFilings often name leadership changes, deals and spending plans.

Fiscal year end
06/30
Filed
Jul 28, 2026

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The full record

From the Signal API record

Details

CIK
1403161
Accession number
0001403161-26-000104
Filing year
2026
Fiscal year
0
Why it matters
Platform tools needed
Signal category
Strategic

Topics and mentions

Technologies

  • internal-use software

Extraction

Confidence
Medium
Relevance
70%
Sentiment
Neutral
Detected
Aug 4, 2026
signal_type
sec-10q
signal_subtype
platformStrategy

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This page shows a preview. The full sec-10q record in the Signal API and MCP can also have these 8 fields. Some fields are empty for some signals.

Company

  • linkedin_urlValue in the API
  • industriesValue in the API
  • employee_count_lowValue in the API
  • employee_count_highValue in the API
  • revenueValue in the API
  • descriptionValue in the API

Signal

  • signal_nameValue in the API
  • associationValue in the API
Show the full JSONThe record on this page and the API request

GET /v1/signals/c26fdaf6-03f2-4635-9a71-499d419e5fe3 returns this record as JSON. POST /v1/companies/enrich returns every signal for mccormickcorporation.com.

{
  "signal_id": "c26fdaf6-03f2-4635-9a71-499d419e5fe3",
  "signal_type": "sec-10q",
  "signal_subtype": "platformStrategy",
  "detected_at": "2026-08-04T07:06:37.178+00:00",
  "company": {
    "name": "McCormick",
    "domain": "mccormickcorporation.com"
  },
  "data": {
    "detail": "Upcoming accounting standard ASU 2025-06 will change how Visa capitalizes internal software development costs, forcing a review of their current processes and tools. This may create an opportunity for new project management, time tracking, or financial software to ensure compliance.",
    "summary": "Visa forced to review internal software accounting due to new FASB rules",
    "excerpts": "In September 2025, the FASB issued ASU 2025-06, which modernizes the accounting for internal-use software by eliminating project stage-based capitalization and clarifying the probable-to-complete threshold to commence the capitalization of software costs.",
    "relevance": 0.7,
    "sentiment": "neutral",
    "confidence": "medium",
    "source_url": "https://www.sec.gov/Archives/edgar/data/1403161/000140316126000104/v-20260630.htm",
    "filing_date": "2026-07-28",
    "filing_year": 2026,
    "fiscal_year": 0,
    "fiscal_year_end": "06/30",
    "sales_relevance": "Platform tools needed",
    "signal_category": "strategic",
    "technologies_mentioned": [
      "internal-use software"
    ]
  }
}

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