Company: COST
Filing Date: 2025-06-05
Form Type: 10-Q
Source: 0000909832-25-000033
Chunk: 12

Company: COSTCO WHOLESALE CORP /NEW
Filing Date: 2025-06-05
Form: 10-Q
Item: Item 1
Chunk 12
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 be applied on a prospective basis. Retrospective application is permitted.In November 2024, the FASB issued ASU 2024-03, which requires disaggregated disclosures of certain costs and expenses on the income statement on an annual and interim basis. The standard is effective for fiscal years beginning after December 15, 2026, and interim periods within fiscal years beginning after December 15, 2027, with early adoption permitted. The amendments should be applied on a prospective basis. Retrospective application is permitted.The Company is evaluating these standards.

Note 2—InvestmentsThe Company's investments were as follows: May 11, 2025:CostBasisUnrealizedLosses, NetRecordedBasisAvailable-for-sale:Government and agency securities$781 $(4)$777 Held-to-maturity:Certificates of deposit237 — 237 Total short-term investments$1,018 $(4)$1,014 September 1, 2024:CostBasisUnrealizedLosses, NetRecordedBasisAvailable-for-sale:Government and agency securities$689 $(1)$688 Held-to-maturity:Certificates of deposit550 — 550 Total short-term investments$1,239 $(1)$1,238 Gross unrealized holding gains and losses on available-for-sale securities were not material for the periods ended May 11, 2025, or September 1, 2024. At those dates, there were no available-for-sale securities in a material continuous unrealized-loss position. There were no sales of available-for-sale securities during the first thirty-six weeks of 2025 or 2024.

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The maturities of available-for-sale and held-to-maturity securities at May 11, 2025, are as follows: Available-For-SaleHeld-To-Maturity Cost BasisFair ValueDue in one year or less$134 $134 $237 Due after one year through five years475 474 — Due after five years172 169 — Total$781 $777 $237 

Note 3—Fair Value MeasurementAssets and Liabilities Measured at Fair Value on a Recurring BasisThe table below presents information regarding the Company’s financial assets and financial liabilities that are measured at fair value on a recurring basis and indicates the level within the hierarchy reflecting the valuation techniques utilized.Level 2May 11,2025September